MPOE, August 2013 Statement
Overall trade 2`952 contracts, of which -6 +1 Call, -2945 +0 Put.
Revenue : 1`692.76383308 BTC, of which :
- contracts sold : 1`692.76383308 BTC
- contracts exercised : 0 BTC
Expenditure : 8.08427557 BTC, of which :
- contracts bought : 0.04397947 BTC
- contracts exercised : 0.39080110 BTC
- capital expenses : 7.649495 BTC (805.21 × 0.95%)
Profit : 1`684.67955751 BTC
Revenue : 106.44735699 BTC, of which :
- Revenue from sales fee : 16.44735699 BTC (Total trade : 8`223.67849786 BTC)
- Revenue from new accounts : 90 BTC
Expenditure : 12 BTC, of which :
- PR, 12 BTC
Profit : 94.44735699 BTC
Total shares : 1`000`000`000, of which :
- Mircea Popescu, 838`284`714 shares,
- Third parties 161`715`286 shares.
Total dividend : 1`779.1269145 BTC.
Total capital : 805.21 BTC, of which
- 16yqE5GW2iLnXvCX3SHe6r5UbRFAuARond 805.21
Loss applicable to bond capital : 0 BTC
Loss per BTC : 0.00.
Major drop in the MPBOR together with very low transaction volume would seem to indicate further adjustments of the bot pricing are in order. On the other hand, significant uncertainty in the exchange market, which has recently bubbled to the surface in the shape of major price discrepancies between the dead and the still living suggest plenty of turmoil ahead. We're in no hurry, and so we shall remain prudent for now.
This month has seen a major development, in the creation of MPEx' sister EVE online corporation, the introduction of share convertibility between S.MPOE and 1BTC (100:1, as EVE doesn't handle so well large numbers) and the first trade of EVE Isk for 1BTC shares (2 shares @ 680mn each sold). Mazel tov, as they say.
Saturday, 31 August 2013
I just realized if you're trading EVE Isk for 1BTC shares, and 1BTC shares are convertible to S.MPOE, in theory 1BTC can be used as a pump for turning Isk into BTC.
One trades Isk for 1BTC shares, then converts those to S.MPOE then sells off the S.MPOE for BTC.
Kind of interesting the ways this "pump" could serve as a stable bridge between the Eve economy and Bitcoin economy, given the current market depths of both 1BTC and S.MPOE respectively.
Sunday, 1 September 2013
The market for 1BTC shares isn't that deep yet. I bought shares mostly to hedge Isk vs. BTC
Sunday, 1 September 2013
Well since I'm marketmaking it at the moment it could be said to be deeper than either the whole of EVE or MtGox.
Monday, 2 September 2013
Fair enough. The 1BTC market is definitely deeper than Gox.
Monday, 2 September 2013
I was doing some math out of pure curiosity. The total daily market for Tritanium (according to eve-central) is something like 200bn (market depth, not trade volume). If all the minerals together are on the order of magnitude of say 1trn, and the whole market something like 10trn (plex is like 500bn, for instrance) then we could say the entire value of anything in EVE currently on the market is ~15k 1BTC shares. If people put on the market 1/10 of what they have on average this means all EVE economy is worth ~150k 1BTC shares, or about 1.5% of S.MPOE.