Forum logs for 14 Oct 2012

Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
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assbot [MPEX] [S.MPOE] 36446 @ 0.00030892 = 11.2589 BTC [+] [00:07]
assbot [MPEX] [S.MPOE] 69700 @ 0.00031037 = 21.6328 BTC [+] [00:07]
assbot [MPEX] [S.MPOE] 4100 @ 0.00031062 = 1.2735 BTC [+] [00:07]
assbot [MPEX] [S.MPOE] 2094 @ 0.00031263 = 0.6546 BTC [+] [00:07]
assbot [MPEX] [S.MPOE] 73200 @ 0.00031266 = 22.8867 BTC [+] [00:07]
assbot [MPEX] [S.MPOE] 66500 @ 0.0003127 = 20.7946 BTC [+] [00:07]
assbot [MPEX] [S.MPOE] 18400 @ 0.00031271 = 5.7539 BTC [+] [00:07]
assbot [MPEX] [S.MPOE] 65400 @ 0.00031329 = 20.4892 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 23100 @ 0.0003133 = 7.2372 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 18300 @ 0.00031337 = 5.7347 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 73842 @ 0.00031337 = 23.1399 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 31800 @ 0.00031348 = 9.9687 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 3800 @ 0.00031364 = 1.1918 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 23500 @ 0.00031396 = 7.3781 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 61200 @ 0.0003141 = 19.2229 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 66985 @ 0.00031419 = 21.046 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 52958 @ 0.00031433 = 16.6463 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 52580 @ 0.00031438 = 16.5301 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 71466 @ 0.00031451 = 22.4768 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 3629 @ 0.00031458 = 1.1416 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 72800 @ 0.00031476 = 22.9145 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 63000 @ 0.00031526 = 19.8614 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 5600 @ 0.00031534 = 1.7659 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 77900 @ 0.0003155 = 24.5775 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 36900 @ 0.00031551 = 11.6423 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 29000 @ 0.00031555 = 9.151 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 2900 @ 0.00031561 = 0.9153 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 55600 @ 0.00031567 = 17.5513 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 58600 @ 0.00031604 = 18.5199 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 18400 @ 0.0003161 = 5.8162 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 71500 @ 0.00031629 = 22.6147 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 63952 @ 0.00031633 = 20.2299 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 6700 @ 0.00031636 = 2.1196 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 35700 @ 0.00031641 = 11.2958 BTC [+] [00:08]
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assbot [MPEX] [S.MPOE] 72500 @ 0.00031644 = 22.9419 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 16070 @ 0.0003165 = 5.0862 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 12200 @ 0.00031665 = 3.8631 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 15100 @ 0.00031675 = 4.7829 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 70677 @ 0.00031676 = 22.3876 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 10900 @ 0.00031681 = 3.4532 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 30700 @ 0.00031681 = 9.7261 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 17600 @ 0.00031695 = 5.5783 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 78600 @ 0.00031714 = 24.9272 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 30300 @ 0.00031717 = 9.6103 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 2805 @ 0.00031719 = 0.8897 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 10200 @ 0.00031734 = 3.2369 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 74000 @ 0.00031737 = 23.4854 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 69700 @ 0.00031744 = 22.1256 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 62046 @ 0.00031749 = 19.699 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 64000 @ 0.00031751 = 20.3206 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 2881 @ 0.0003178 = 0.9156 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 27500 @ 0.00031805 = 8.7464 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 64700 @ 0.00031837 = 20.5985 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 67600 @ 0.00031918 = 21.5766 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 13300 @ 0.00031941 = 4.2482 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 11671 @ 0.0003195 = 3.7289 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 6349 @ 0.00031985 = 2.0307 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 46307 @ 0.00032078 = 14.8544 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 27441 @ 0.00032706 = 8.9749 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 34957 @ 0.0003389 = 11.8469 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 36161 @ 0.0003422 = 12.3743 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 16400 @ 0.00034455 = 5.6506 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 64182 @ 0.00034999 = 22.4631 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 134303 @ 0.00035 = 47.0061 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 39194 @ 0.00037582 = 14.7299 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 31300 @ 0.00037622 = 11.7757 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 10000 @ 0.00037682 = 3.7682 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 24860 @ 0.0003785 = 9.4095 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 28652 @ 0.00037878 = 10.8528 BTC [+] [00:08]
assbot [MPEX] [S.MPOE] 10000 @ 0.0003791 = 3.791 BTC [+] [00:09]
assbot [MPEX] [S.MPOE] 1167867 @ 0.00038 = 443.7895 BTC [+] [00:09]
copumpkin someone buying a lot of MPOE :) [00:09]
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mircea_popescu o hey. [00:11]
assbot [MPEX] [S.MPOE] 32468 @ 0.0003815 = 12.3865 BTC [+] [00:11]
mircea_popescu maybe nao we can put the entire glbse nuttery behind us and carry on. [00:12]
assbot [MPEX] [S.MPOE] 21623 @ 0.00038231 = 8.2667 BTC [+] [00:13]
assbot [MPEX] [S.MPOE] 38377 @ 0.00038417 = 14.7433 BTC [+] [00:13]
assbot [MPEX] [S.MPOE] 720 @ 0.00038417 = 0.2766 BTC [+] [00:14]
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thestringpuller mircea_popescu the legend himself [00:14]
thestringpuller glbse ruined a few companies [00:15]
mircea_popescu myea. [00:15]
thestringpuller gigavps still can't payout dividends... [00:15]
mircea_popescu i know. [00:15]
thestringpuller and the gigamining bond had the most market depth [00:15]
thestringpuller mirceau_popescu you know smickles? [00:16]
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mircea_popescu thestringpuller : [00:23]
mircea_popescu ;;rated smickles [00:23]
gribble You rated user smickles on Sat Aug 25 08:39:34 2012, giving him a rating of 4, and supplied these additional notes: He's been running MPOE.ETF and releasing THE monthly reports, a model for all Bitcoin financial reporting. Also handled k's of BTC as broker for various clients.. [00:23]
mircea_popescu and also why do you call me mirceau and why do you type out the name ? type mi press tab or so [00:24]
copumpkin just be glad that mircea_popescu doesn't have any weird diacritics [00:25]
copumpkin or characters, I guess [00:25]
copumpkin unlike ceausescu [00:25]
copumpkin is that how you spell it (wrong)? [00:25]
copumpkin yeah, omg [00:26]
copumpkin Ceaușescu [00:26]
mircea_popescu lol [00:26]
copumpkin that S thing is more like an english sh, right? [00:26]
mircea_popescu or îţâşă [00:27]
copumpkin whoa [00:27]
mircea_popescu http://www.jeg.ro/titlul-mortii/ here's a little poll as to what that should mean lol [00:28]
copumpkin http://www.youtube.com/watch?feature=player_embedded&v=mLl9Q47e7bQ#! [00:31]
copumpkin what is she saying? [00:31]
mircea_popescu dubious hicks got into an argument, beat each other up. [00:32]
mircea_popescu (over some guy) [00:32]
mircea_popescu her romanian shocking to romanians cause it is marginally intelligible but sounds like how a sparrow or some other bird'd be speaking it. [00:33]
copumpkin oh [00:33]
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Azelphur I have money from GLBSE [00:36]
Azelphur :O [00:36]
Azelphur smickles: did you get anything yet? [00:37]
mircea_popescu Azelphur o hey, it pays out ? [00:40]
Azelphur yea GLBSE just paid out my balance [00:40]
assbot [MPEX] [S.MPOE] 36800 @ 0.00039093 = 14.3862 BTC [+] [00:40]
mircea_popescu pretty cool. so only been like a coupla weeks. [00:40]
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kakobrekla hm [00:42]
kakobrekla i got something as well [00:42]
BTC-Mining Well, been a real mess, but at least it seems Nefario is honest even if he wussed out because of legal concerns. [00:42]
kakobrekla the number seems to round to be my balance [00:42]
kakobrekla too* [00:42]
kakobrekla id say its more or less, not my balance [00:42]
BTC-Mining Eh, what if he's too lazy to type/copy the whole thing and pays out manually and just rounds up to the next bitcent or something [00:43]
BTC-Mining Copy pasting is way too much work you know. [00:44]
mircea_popescu kakobrekla is it short ? or too much ? [00:44]
kakobrekla dunno [00:44]
mircea_popescu BTC-Mining did you receive the more or less correct sum ? [00:44]
kakobrekla dunno what my balance was [00:44]
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BTC-Mining I'll report when I get paid mine, I rounded it down to the bitcent [00:45]
mircea_popescu o, you weren't paid yet ? [00:45]
BTC-Mining Nope [00:45]
BTC-Mining I think they just got paid out. Mine might arrive soon. [00:46]
mircea_popescu aha [00:48]
kakobrekla ya [00:52]
kakobrekla i have 9 conf on it [00:52]
mircea_popescu coupla hours then [00:53]
assbot [MPEX] [S.MPOE] 63600 @ 0.00039179 = 24.9178 BTC [+] [00:54]
assbot [MPEX] [S.MPOE] 250 @ 0.0004 = 0.1 BTC [+] [00:54]
assbot [MPEX] [S.MPOE] 15000 @ 0.00041234 = 6.1851 BTC [+] [00:54]
assbot [MPEX] [S.MPOE] 2921150 @ 0.00042 = 1226.883 BTC [+] [00:54]
mircea_popescu waitwaitwait. [00:56]
mircea_popescu glbse just paid out ? [00:56]
mircea_popescu ahahahaha [00:56]
Azelphur I don't even know what my balance was in GLBSE, I got sent 10.1, it sounds about right [00:57]
Azelphur hopefully this means smickles has SS data and that can clean up now [00:57]
Azelphur then I won't be poor any more, yay o/ [00:57]
mircea_popescu good for you. [00:57]
mircea_popescu anyway, bbl. [00:58]
assbot [MPEX] [S.MPOE] 37500 @ 0.00041222 = 15.4583 BTC [-] [01:20]
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PsychoticBoy I have not recieved a dime from GLBSE [01:24]
rdponticelli Yeah, I received the spare change I had in glbse [01:35]
rdponticelli Now, it's still missing the important, the asset information [01:35]
assbot [MPEX] [S.MPOE] 900 @ 0.00041698 = 0.3753 BTC [+] [01:45]
assbot [MPEX] [S.MPOE] 56900 @ 0.00041701 = 23.7279 BTC [+] [01:45]
assbot [MPEX] [S.MPOE] 100 @ 0.00042 = 0.042 BTC [+] [01:45]
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jurov your funds are welcome on coinbr, you know [01:51]
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mircea_popescu i was wondering why mpoe is selling [01:52]
mircea_popescu then i found out glbse paid out. [01:52]
jurov gsdpt will be interesting, too. i hope deadterra will not sell it all and peruse my offer instead. [01:53]
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BTC-Mining jurov, nah, I'll just use MPEx directly [01:56]
maximian wow, what's going on with S.MPOE? [01:56]
BTC-Mining It went back up? [01:56]
BTC-Mining Often does. [01:57]
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jurov maximian, apparently because glbse paid back [01:57]
BTC-Mining 14`391`957 bid at 0.00038150 [01:57]
maximian I see [01:57]
maximian nice volume [01:58]
BTC-Mining That requires 5490 BTC to place in escrow for it... [01:58]
BTC-Mining And gives you 1.43% of Mpex earnings (14 million / 1000 million shares) [01:59]
Diablo-D3 anything new happen? [01:59]
maximian well, I'm pleased [01:59]
BTC-Mining GLBSE paid a few people? [01:59]
BTC-Mining or is that old news for you? [01:59]
PsychoticBoy I am off to bed and HOPEFULLY tomorrow Ill get paid but not today :( [02:00]
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assbot [MPEX] [S.MPOE] 5000 @ 0.00041222 = 2.0611 BTC [-] [02:12]
assbot [MPEX] [S.MPOE] 2573 @ 0.00041195 = 1.0599 BTC [-] [02:12]
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EskimoBob I haven't got anything from GLBSE [02:15]
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BTC-Mining Not everyone has, only a few [02:17]
BTC-Mining It's now 3 AM in the UK, guess Nefario would be sleeping by now [02:17]
BTC-Mining Hopefully payments will resume tomorrow [02:18]
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EskimoBob it's more like 23 than 03 :) [02:29]
BTC-Mining erm, sorry... but more like 01:30 [02:30]
BTC-Mining ah, no, 0:30 [02:31]
BTC-Mining +5 for UK, +6 for France [02:31]
BTC-Mining I keep mixing them up [02:32]
rdponticelli We should just all use UTC [02:35]
assbot [MPEX] [S.MPOE] 6200 @ 0.00041008 = 2.5425 BTC [-] [02:37]
BTC-Mining I wouldn't mind. [02:42]
BTC-Mining Although sundials wouldn't work if we did that... [02:43]
BTC-Mining We'd have to replace em [02:44]
BTC-Mining THINK OF THE POOR SUNDIALS IN MONUMENTS! [02:44]
rdponticelli Well, you have a point [02:45]
rdponticelli Sundials should be localiced [02:45]
BTC-Mining It would clear the confusion for those with a day/night period fitting UTC (Like 0-6 AM, probably sleeping) [02:46]
BTC-Mining But we'd still get confused about people in other timezone since we'd still have to calculate what their day/night hours are. [02:46]
rdponticelli But yes, I understand we can't change something no to obsolete some technology which is already obsolete... [02:47]
BTC-Mining It's easier with the timezones. [02:47]
rdponticelli I don't know about the last point, I don't care if midnight is 12 or 24 [02:47]
BTC-Mining We add +/- timezones and their schedule fits our hours. [02:48]
BTC-Mining Easier to figure it out. [02:48]
rdponticelli No, it's not easier when you got a mess everytime you're trying to figure what time is in some other place... [02:48]
BTC-Mining But the whole point when checking the time in another time zone is to determine what point of the day they are in. [02:49]
BTC-Mining If everyone has the same time, you have to figure what their day/night hours are instead. [02:50]
rdponticelli No, they are more points more importants [02:50]
BTC-Mining Like? [02:50]
rdponticelli I receive some mail, or read some post on some forum... [02:50]
BTC-Mining They're usually set for your timezone... [02:51]
rdponticelli Not always [02:51]
rdponticelli GLBSE itself didn't support timezones [02:51]
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BTC-Mining Eh, what do you need timezone for GLBSE for? [02:52]
rdponticelli I'm just say that it would be easy if it was the same hour for everybody at the same time [02:53]
rdponticelli There's a reason why the systems now are configured in UTC [02:54]
rdponticelli Back in the times, they used to be in local time, and it became a mess as soon as they had to share information [02:54]
novusordo just popping in for a second, but is my assumption that there has been no new info from GLBSE correct? [02:54]
rdponticelli novusordo: there has been some payments [02:55]
BTC-Mining It's incorrect [02:55]
novusordo oooh [02:55]
* novusordo is happily wrong [02:55]
mircea_popescu maximian i think that started like a 20mn wall [02:55]
mircea_popescu tore though the book [02:56]
mircea_popescu BTC-Mining is this turning into a pirate, 23/690 accts paid sorta ordeal ? [02:56]
BTC-Mining No idea [02:56]
rdponticelli Quick! Every buying GLBSE's debt! [02:57]
mircea_popescu rdponticelli ok, so what hour should it be ? [02:57]
rdponticelli *Everybody [02:57]
rdponticelli mircea_popescu: Any time, I don't care [02:58]
mircea_popescu novusordo some people came in and said they were paid. it seemed like it's all paid but now there's also people who haven't, and the ones paid are in the <10btc range [02:58]
rdponticelli But just agree what it is, and move forward [02:58]
mircea_popescu so tomorrow brings more certainty. [02:58]
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mircea_popescu rdponticelli you'll have to get all the old folks who don't even grok the internet accept that the sun sets at 7am ? [02:58]
rdponticelli I don't care about the old folks [02:59]
BTC-Mining hey mircea, some questions I have here [02:59]
rdponticelli I won't explain unixtime to an old folk [02:59]
rdponticelli What for? [02:59]
mircea_popescu BTC-Mining shoot [02:59]
BTC-Mining If I want to buy/sell options on the market [03:00]
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BTC-Mining I get it I have to create them with MKOPT and it always take 1 BTC in collateral [03:01]
mircea_popescu either split or mkopt [03:01]
mircea_popescu split makes put/call pairs and is free, mkopt charges [03:01]
BTC-Mining aye, split assuming I want both [03:01]
mircea_popescu k. [03:02]
BTC-Mining Now [03:02]
mircea_popescu also, calls always take 1btc. puts take varying. [03:02]
assbot [MPEX] [S.MPOE] 3600 @ 0.00041008 = 1.4763 BTC [-] [03:03]
assbot [MPEX] [S.MPOE] 8100 @ 0.00040888 = 3.3119 BTC [-] [03:03]
BTC-Mining Suppose I sell it for a fraction of it's value on the market. What happens with the escrowed BTC? [03:03]
mircea_popescu nothing. [03:03]
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BTC-Mining So... [03:04]
mircea_popescu escrowed btc waits there till option is exercised. [03:04]
mircea_popescu at which point you get w/e is left. [03:04]
BTC-Mining aye, so it's returned at the end of the month, or part of it. [03:05]
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mircea_popescu yea, if option expires worthless you get it all back [03:05]
mircea_popescu there's for instance a guy keeps making huge bulks of c10t s [03:06]
mircea_popescu each costs 1btc to make and sells for w/e, .9x [03:06]
jcpham oh come on mircea_popescu [03:06]
mircea_popescu and at the end of the month he gets something, 0.0x or more possibly if the price goes down [03:06]
jcpham tell everyone how you dip into funds [03:06]
jcpham for hookers and blow [03:06]
mircea_popescu jcpham lol no more cp ? now it's h&b ? [03:07]
jcpham ok i made that up. i admit it [03:07]
mircea_popescu which one lol [03:07]
jcpham hurrr [03:07]
BTC-Mining oh... so by making a split, I get twice the BTC put up front in escrow with no fees. [03:09]
BTC-Mining But if I don't sell like I want, if price goes up/down, no loss [03:10]
mircea_popescu no ? [03:11]
mircea_popescu you still pay the full escrow on both ends [03:11]
BTC-Mining hmm? I thought split had no fees? [03:12]
mircea_popescu it doesn't. [03:12]
mircea_popescu you put up 20.4 btc get 20 call contracts, of your choosing [03:12]
mircea_popescu you put up 20 btc you get 10 call contracts and x put contracts of your chosing [03:12]
mircea_popescu where x varies on the strike you pick [03:12]
mircea_popescu right at the money x = 10 [03:12]
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BTC-Mining Exactly [03:13]
mircea_popescu a ok. [03:13]
BTC-Mining So if you make a split, price moves and you don't sell any contract like you wanted, at the end of the month, it results in a 0 BTC loss or gain. [03:13]
mircea_popescu then yes, exactly :p [03:13]
mircea_popescu yup [03:13]
BTC-Mining Seems good, you put more BTC in escrow [03:13]
mircea_popescu and if you sell the out of the money side and it stays out of the money you make that sale profit [03:13]
BTC-Mining But if you only want to sell one way, the 2% fee saved can go a long way [03:13]
mircea_popescu well, yes, it practically boils down to, a little overescrow. [03:14]
mircea_popescu mostly to try and prevent too curageous speculation. [03:14]
mircea_popescu mpex doing it's part to promote financial responsibility. [03:14]
mircea_popescu but anyway, consider the case you have 10k btc and want to ensure that they don't go under 100k usd. [03:16]
mircea_popescu you make 5k atm calls/puts, you sell the calls, keep the puts. if price goes down in fact you make a decent profit [03:17]
mircea_popescu obviously if it goes up you can make a loss. but you can adjust the % you sell to suit your expectations [03:17]
BTC-Mining aye [03:17]
mircea_popescu i'm kinda proud of the fact that mpex allows not only option buying, but also option writing, without any unbound risk. [03:19]
mircea_popescu it should be a great price stabilisation device. [03:19]
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assbot [MPEX] [S.MPOE] 21200 @ 0.00040933 = 8.6778 BTC [+] [03:30]
mircea_popescu http://onlyonetv.com/2011/05/uir1-1-universal-practices-of-peace-and-the-eight-intelligences/ something awful delivers. [03:39]
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BTC-Mining so, if someone exercies an option at a profit... collateral is lost eh. [03:40]
mircea_popescu well, some of it. [03:42]
BTC-Mining aye, proportionally [03:42]
BTC-Mining So, suppose I create a call (1 BTC escrow) struck at 20. Price is 12 USD/BTC and stays 12 USD/BTC [03:43]
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BTC-Mining Technically the call has a negative value of -0.6666666 [03:44]
mircea_popescu options never have negative value. call is worth 0 [03:44]
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BTC-Mining hmm... right. Because you only lose from escrow what the other party exercises. [03:45]
BTC-Mining So if it's negative, the exercising party gains zero and the BTC is returned instead. [03:45]
mircea_popescu ya [03:47]
mircea_popescu that's why they are called options. they convey the right but not the obligation. [03:47]
BTC-Mining Indeed [03:48]
BTC-Mining Slightly confusing at first but very interesting. I should try and start playing with those. [03:50]
BTC-Mining Last question. We need to put strike/spot BTC for a put option. [03:54]
BTC-Mining So a struck at 20 would require if price was 12, 1.66 BTC [03:54]
BTC-Mining Is that right? [03:54]
assbot [MPEX] [S.MPOE] 20466 @ 0.00040933 = 8.3773 BTC [+] [03:55]
mircea_popescu um [03:57]
mircea_popescu split works automatically, you declare the capital and the option [03:58]
mircea_popescu it rounds issuance down, so you could end up with 0 puts if the strike is high [03:58]
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BTC-Mining Aye, but making a put contract with strike of 20 when BTC is worth 12, would require 1.66666... BTC? [03:59]
mircea_popescu yea, something like that. [04:00]
BTC-Mining which is 20 / 12... but [04:01]
BTC-Mining Supposing price drops to 1 USD/BTC [04:02]
BTC-Mining Wouldn't the exercising value for the put @ 20 strike be 19 BTC? [04:02]
BTC-Mining Which is over 10x the collateral? [04:03]
mircea_popescu theoretically, yes. [04:05]
mircea_popescu you'd just not get anything out of your colateral in practice. [04:05]
BTC-Mining So how would that work? [04:06]
mircea_popescu well, it'd work cause at the time you posted the collateral it was in fact worth enough to cover in dollahs. [04:07]
BTC-Mining but... it would have to be converted to dollars to work. [04:08]
mircea_popescu yea. [04:09]
BTC-Mining Which means even if the contract is not exercised, there could be a loss in BTC if the price increase instead for the contract maker. [04:09]
mircea_popescu or a gain. [04:10]
BTC-Mining aye [04:10]
mircea_popescu but for simplicity's sake all those things happen behind the scenes. [04:10]
BTC-Mining ok, but let's say BTC price is 12 USD and I make a split at strike 12 for 100 contracts. I put 200 in collateral. Now let's say price goes to 20. [04:15]
BTC-Mining I sell both 100 put and 100 call contracts. [04:15]
BTC-Mining I lose 0.4 BTC per call struck at 12 exercised for 40 BTC loss. Other guy doesn't redeem his option because it's negative. [04:16]
mircea_popescu puts are worthless. calls are worth ~.4 each [04:16]
mircea_popescu you get ~160 btc back [04:17]
BTC-Mining But the 100 BTC for the PUT should have been converted to USD. [04:17]
mircea_popescu but for simplicity's sake all those things happen behind the scenes. [04:17]
BTC-Mining So should be worth 1200 / 20 = 60 BTC, or another 0.4 BTC loss. [04:18]
mircea_popescu correspondingly, if btc went to 10 [04:19]
mircea_popescu you'd lose nothing on the calls and .2 on the puts, coming out to 180 btc. [04:19]
mircea_popescu which are now 1800 usd instead of the 2400 they were. [04:19]
assbot [MPEX] [S.MPOE] 29800 @ 0.00040952 = 12.2037 BTC [+] [04:20]
BTC-Mining Aye... but now let's assume the opposite in the extreme. Price goes down to 0.01 USD... The calls are worth nothing so are not exercised. So you get back 100 BTC. However... Puts are worth 1199 BTC and are exercised, so you need 119900 BTC to pay out with 100 BTC only in collateral. [04:21]
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mircea_popescu i need 119900 new btc. as far as you're concerned, you get 100 btc back [04:22]
BTC-Mining Sounds messed up. Basically the exchange has absorbs the losses from unexercised contracts which goes over the collateral. [04:23]
BTC-Mining Shouldn't calls require BTC collateral (like they do) and put require USD collateral? [04:23]
mircea_popescu nah. [04:23]
BTC-Mining It seems tho that logically, that's how they should be. Because unexercised contracts returns the escrow and a PUT technically is going long with USD, so if that contract makes a profit, it makes it on USD valuating, so escrow should be in USD [04:27]
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mircea_popescu except mpex works in bitcoin. why should i bother the customer with filthy fiat ? [04:29]
mircea_popescu "Even if they had every regulation in place, it still has other flaws, like being deflationary and non-reversible. The only time bitcoins will be "stable" is when the number of users drops very low" [04:32]
mircea_popescu god i love the opinions of the incompetent on matters they don't understand [04:32]
mircea_popescu sex has also flaws. it is pleasurable and makes time zip by! [04:32]
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BTC-Mining Yeah, but it basically means every time bitcoins value go down by a lot, MPEx has to pay for it because the escrow is not USD [04:45]
assbot [MPEX] [S.MPOE] 438 @ 0.00040952 = 0.1794 BTC [+] [04:46]
BTC-Mining So basically, I could just make splits safely and indefinitly and any time BTC price would crash, I'd profit. [04:46]
BTC-Mining Because I can't lose more than escrow but can gain more than escrow [04:47]
mircea_popescu i don't follow how you profit ? [04:47]
mircea_popescu you mean if you sell them ? [04:47]
BTC-Mining Since there's no fee for splits and assuming I have 2 account [04:49]
mircea_popescu yea... [04:49]
BTC-Mining Seems bad [04:50]
mircea_popescu you still haven't produced a working scenario. [04:51]
mircea_popescu so, you split a bitcoin, get some calls and some puts. nwo what ? [04:51]
BTC-Mining Let me make 1 million such contract then crash the market price [04:52]
BTC-Mining Sounds like fun [04:52]
mircea_popescu you need 1 btc in cash to make them. [04:53]
mircea_popescu you crash the price with your other million. since we now have superpowers, i buy your other million. [04:53]
mircea_popescu now what ? [04:53]
BTC-Mining I know, I don't have the funds. Just daydreaming [04:53]
mircea_popescu but i mean, if you're daydreaming it'd be cheaper to buy a buncha calls and push the price up lol [04:54]
mircea_popescu i mean... it's the nature of options, they lend themselves to daydreaming. [04:54]
BTC-Mining I'll strike them at 20 for 1.66 million, crash price to 4 BTC with a few 100Ks, redeem 1 million x 4 BTC. I get 4 million BTC, lose 1.66 collateral and a few 100Ks [04:54]
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mircea_popescu let's do the math. [04:55]
mircea_popescu 1.66mn btc in escrow -> 1 mn puts struck at 20. [04:55]
mircea_popescu ;;bids 4 [04:55]
BTC-Mining aye [04:55]
gribble There are currently 209213.01 bitcoins demanded at or over 4.0 USD, worth 1651453.94475 USD in total. [04:55]
mircea_popescu say 333k btc sold at ~5 or so on avg to crash it all to 4. [04:56]
BTC-Mining +209k I have to sell at a loss, let's round it up to 1.9 mn [04:56]
BTC-Mining or yeah, 2mn [04:56]
mircea_popescu now, of your original 2mn btc you have 1,666mn usd and 1.666 mn btc [04:56]
mircea_popescu the later held in escrow. [04:56]
BTC-Mining yup [04:57]
mircea_popescu the value of those options is 16/4 = 2.5 each [04:57]
mircea_popescu .py 1.66 * 2.5 [04:57]
markac 4.15 [04:57]
mircea_popescu so you cash 4.15mn btc on the options, lose the escrow. you now have 4.15mn btc worth 4 each and 1.66mn usd [04:57]
mircea_popescu considering you started with 2mn btc worth ~24mn usd each and now have ~1.66mn usd and another 1.66mn in btc [04:58]
mircea_popescu you've done fucked yourself out of 80% of your value. [04:58]
mircea_popescu this all notwithstanding that i wouldn't allow the insanity in the first place, just for the sake of argument. [04:59]
BTC-Mining No, because there was no USD in escrow and you have to buy those to pay me. I'd like to see that not switching the price back far over it's original value. [04:59]
BTC-Mining I'd basically bankrupt you. [04:59]
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mircea_popescu well, you already sold it to me lol. [05:00]
mircea_popescu remember, sold ~5 ? [05:00]
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BTC-Mining Eh, assuming you had the USD for it. [05:01]
mircea_popescu well yes my dear BTC-Mining, in this game where you're the only one that has any btc and any usd you can ofcourse do whatever you like lol [05:01]
mircea_popescu kinda why we even try to amass resources, this. [05:01]
BTC-Mining But even so, you paid a lot for them and have to give them to the market manipulator along with his own escrow + extra. [05:02]
BTC-Mining I only sold 333k + gave 1.66mn in esscrow and you have to give 4 mn [05:02]
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BTC-Mining But even on a low scale with 1 or 2 contract made by split. [05:03]
BTC-Mining No fee [05:04]
BTC-Mining then push to second account [05:04]
BTC-Mining price movement loss/win evens out the execution of said contracts [05:04]
BTC-Mining Since they're opposite [05:05]
BTC-Mining Until there's a large drop, at which point 1st account lose escrow and 2nd account makes a profit. [05:05]
mircea_popescu well what can i say, i'm guessing you should try this ? [05:05]
BTC-Mining Well that's assuming bitcoins wouldn't keep up the deflationary curve... [05:05]
mircea_popescu keep btc locked up in the hopes that maybe price collapses and you get a lot more of the collapsed currency [05:05]
mircea_popescu but anyway, a conversation we should continue at a later time, i gtg now. [05:06]
BTC-Mining But if you have nothing to do with your bitcoins, seems like something I'd suggest. [05:06]
BTC-Mining No, I'd recommend investing the coins if possible. [05:06]
BTC-Mining Otherwise, you can keep them valuating safely [05:06]
BTC-Mining while still retaining a BTC gain for free should market collapse. [05:07]
assbot [MPEX] [S.MPOE] 8334 @ 0.00040933 = 3.4114 BTC [-] [05:11]
assbot [MPEX] [S.MPOE] 17827 @ 0.00040908 = 7.2927 BTC [-] [05:11]
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assbot [MPEX] [S.MPOE] 20900 @ 0.00040908 = 8.5498 BTC [-] [05:36]
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BTC-Mining Damn... of course I didn't get my BTC yet... [05:49]
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BTC-Mining My blockchain is 2 days old [05:50]
BTC-Mining Seems my firewall decided to block it... [05:50]
BTC-Mining Bitcoin-QT [05:50]
BTC-Mining Going to eat something and will report back afterward if I got paid already [05:52]
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assbot [MPEX] [S.MPOE] 26862 @ 0.00040952 = 11.0005 BTC [+] [06:01]
assbot [MPEX] [S.MPOE] 22538 @ 0.00040967 = 9.2331 BTC [+] [06:01]
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assbot [MPEX] [S.MPOE] 6173 @ 0.00040908 = 2.5253 BTC [-] [06:26]
assbot [MPEX] [S.MPOE] 11416 @ 0.00040888 = 4.6678 BTC [-] [06:26]
assbot [MPEX] [S.MPOE] 811 @ 0.00040806 = 0.3309 BTC [-] [06:27]
BTC-Mining Well, I'm glad to report GLBSE paid me out too [06:41]
asa1024 what about the stock holdings? [06:41]
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BTC-Mining nothing as of yet [06:41]
asa1024 okay [06:42]
rg unsurprisin [06:42]
asa1024 thanks [06:42]
asa1024 :( [06:42]
rg after everyone villified nefario [06:42]
BTC-Mining But at least we now know it's not like pirate only paying out small accounts [06:42]
rg saying he was going to rip them off [06:42]
rg hes come through and paid out [06:42]
asa1024 uh sure - what about the stock holdings? [06:42]
rg uh its a huge task to pay out thousands of btc [06:42]
rg perhaps he want sto make it gets done properly [06:42]
BTC-Mining 338 BTC received here, in 3 payments [06:43]
rg or perhaps you can let him know its ok if he sends your BTC to someone else [06:43]
rg ? [06:43]
BTC-Mining Which totals to what my 3 subaccounts should have had [06:43]
BTC-Mining and even extra [06:43]
rg im wondering how div payments are gonna work [06:43]
BTC-Mining Which might or might not be unnaccounted for dividends [06:43]
BTC-Mining Manual [06:43]
rg i meant for m [06:44]
rg e [06:44]
rg i have brendio doing a passthru asset [06:44]
BTC-Mining Well Brendio will pay manually [06:44]
rg technically i just pay divs to him and he dulls them out [06:44]
rg but [06:44]
rg no offense to brendio but [06:44]
rg how do we keep him honest [06:44]
rg without glbse [06:44]
rg i just want to make sure when i pay out 60 btc in divs [06:44]
rg they actually get where theyre meant to go [06:44]
BTC-Mining Eh... I expect a lot of people going around saying they haven't been paid and had 2 billion shares of this and that. [06:45]
BTC-Mining That's going to be harsh [06:45]
rg indeed [06:45]
* rg woried [06:45]
* jcpham hands a fresh rainbow to rg [06:49]
thestringpuller what are you worried for rg? [06:51]
rg im worried then when i pay my share holders [06:51]
rg they dont get the payout [06:51]
rg s/then/that [06:51]
assbot [MPEX] [S.MPOE] 21100 @ 0.00040967 = 8.644 BTC [+] [06:52]
rg most of them have given me a lot of money [06:52]
rg well [06:52]
rg its a lot of money to me [06:52]
rg and id like to make sure they get their cut [06:52]
rg in reality our total taken in from the asset is probably $4k [06:52]
rg but that's a lot of money to me [06:52]
rg andm ost people [06:52]
thestringpuller but there could be a scenario where some shareholders can't prove they own shares [06:53]
thestringpuller some may even forfeit their shares [06:53]
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rg hehe [06:54]
rg im ok with that [06:54]
rg :P [06:54]
rg if people wanna give back their shares [06:54]
rg by all means [06:54]
rg :P [06:54]
thestringpuller "unclaimed shares" [06:54]
BTC-Mining Well I'm sure not 100% will claim their account [06:54]
BTC-Mining It's quite sad, really [06:54]
thestringpuller it's an inevitability of an assets exchange shutting down improperly [06:54]
rg it would be dumb for them not to [06:55]
thestringpuller if all the users had gpg key fingerprints, it would be a no brainer [06:55]
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thestringpuller I mean I'm not one to complain though. [06:55]
BTC-Mining and damn, I'll need to put a keylock on my bedroom's door [06:56]
thestringpuller ? [06:56]
rg my door has a lock but its a joke [06:56]
rg its the one you can stick an allen wrench into [06:56]
rg and pop it [06:57]
thestringpuller LOL [06:57]
BTC-Mining Because I don't like drunken people crashing in my bed. [06:57]
thestringpuller why do drunk people crash in your bed? [06:57]
thestringpuller or attempt to [06:57]
BTC-Mining rg: my door lock isn't a lock, it's one of those things you can turn with your nail. Not really a lock, looks like a screw from outside. [06:58]
BTC-Mining Because I actually use heating in my room, and apparently it's comfortable. Apparently it's also just fun to come in to talk gibberish then fall asleept... [06:59]
thestringpuller You seem like a very tolerant person BTC-Mining [07:00]
thestringpuller They must find your room welcoming [07:00]
BTC-Mining Yeah, well it's my father. I decided to go share the appartment block with him and my cousin. [07:01]
BTC-Mining Duplex, 6 1/2 each [07:02]
BTC-Mining Inherited by my father and uncles/aunts from the grandparents. [07:03]
BTC-Mining Was pretty much a familial home long ago but was mostly empty nowadays. [07:03]
thestringpuller Better than renting. [07:03]
BTC-Mining Well, it's cheaper but I'll still pay a rent soon. [07:04]
BTC-Mining The 2nd floor needs to be renovated, once that's done, there will be a rent. [07:05]
BTC-Mining Might even find extra roommates to fill the place. [07:05]
BTC-Mining We take 3 bedrooms, there'll be 3 left. [07:05]
rg btc-mining: you could put miners in the free space [07:09]
BTC-Mining Aye [07:12]
BTC-Mining I think I'll go rack mounted and place miners in a datacenter however. [07:13]
BTC-Mining Eh, anyone knows why addresses on a wallet cannot be deleted? [07:14]
BTC-Mining I know some addresses might be needed multiple times if someone tries to repay to the same address but... why would clients block that possibility? [07:15]
assbot [MPEX] [S.MPOE] 5165 @ 0.00040806 = 2.1076 BTC [-] [07:17]
BTC-Mining My OCD is going haywire from not being able to delete things I don't want to use anymore =/ [07:19]
thestringpuller I need mining hardware [07:20]
thestringpuller As Ed Wuncler once said, "[bfl] is trying to buttfuck me on the time/price" [07:21]
mircea_popescu BTC-Mining ok so it's paid out [07:33]
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BTC-Mining yup [07:39]
thestringpuller mircea_popescu: sorry for calling you "mirceau" [07:41]
mircea_popescu thestringpuller lol no big deal. [07:41]
thestringpuller lol cryptoxchange is so illiquid right now 15% spread on 10 BTCs [07:42]
mircea_popescu ouch [07:43]
thestringpuller more like time to market make [07:43]
assbot [MPEX] [S.MPOE] 11119 @ 0.00040967 = 4.5551 BTC [+] [07:43]
assbot [MPEX] [S.MPOE] 18065 @ 0.00041036 = 7.4132 BTC [+] [07:43]
assbot [MPEX] [S.MPOE] 28284 @ 0.00041041 = 11.608 BTC [+] [07:43]
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thestringpuller + [07:48]
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mircea_popescu http://polimedia.us/trilema/2012/the-imbecilitarians/ if anyone feels like reading. [08:04]
Diablo-D3 http://boingboing.net/2012/10/13/action-philosophers.html [08:05]
Diablo-D3 best image ever [08:05]
Diablo-D3 mircea_popescu: idiocracy is the word you're looking for [08:05]
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mircea_popescu Diablo-D3 shhh im trying to coin [08:06]
mircea_popescu aka mining. [08:06]
* Chaang-Noi (~J@183.89.6.182) has joined #bitcoin-assets [08:07]
Diablo-D3 anyhow, going to bed [08:07]
Diablo-D3 night all [08:07]
assbot [MPEX] [O.BTCUSD.P010T] 30 @ 0.03 = 0.9 BTC [+] [08:11]
* dvide has quit () [08:11]
* Diablo-D3 has quit (Ping timeout: 255 seconds) [08:11]
assbot [MPEX] [O.BTCUSD.C040T] 1 @ 0.72150649 BTC [+] [08:32]
BTC-Mining Nice, I sold an option [08:33]
mircea_popescu haha wd [08:33]
BTC-Mining I kind of have a hard time with the split function tho [08:33]
BTC-Mining With the fact it auto-split the BTC [08:34]
mircea_popescu so i'm noticing a pattern here. first bitcoin convention, organised by buttwrangler, before mybitcoin disaster [08:34]
mircea_popescu the interscamgro convention, before glbse disaster [08:34]
mircea_popescu conventions are bad for bitcoin mmkay ? [08:34]
mircea_popescu BTC-Mining how do you mean ? [08:34]
BTC-Mining Well I tried to split 1 and I got 1 put, 0 call [08:35]
BTC-Mining and I wanted a call eh =P [08:35]
mircea_popescu it's really not made for 1 btc splitting. [08:35]
mircea_popescu split 1k or w/e [08:35]
mircea_popescu otherwise rounding gets you [08:35]
BTC-Mining Then I tried to split 2 and got 1 call, 2 put =/ [08:35]
mircea_popescu sounds about right [08:35]
BTC-Mining hmm... what happens if I split... then exercise the hald I don't want? [08:37]
BTC-Mining Wouldn't it end up like getting a mkopt without the 2% fees? [08:38]
mircea_popescu you get the exercise value [08:38]
* MrTeal has quit (Ping timeout: 246 seconds) [08:38]
BTC-Mining aye, but the exercise value is either null (refund of escrow) or gives value + (escrow - value) [08:39]
BTC-Mining Or do we still have to wait the end of the month to get the escrow? [08:39]
mircea_popescu currently you do have to wait till end of month. [08:40]
BTC-Mining ah, okay [08:41]
BTC-Mining So no advantage to do anything split then exercise to avoid fees since we don't get it back [08:42]
BTC-Mining "currently" should stay like this [08:42]
mircea_popescu prolly. [08:45]
mircea_popescu http://news.cnet.com/8301-13578_3-57531758-38/anti-dea-rants-on-facebook-spark-criminal-prosecution/ [08:46]
mircea_popescu the us is such a lovely place [08:46]
assbot [MPEX] [S.MPOE] 37900 @ 0.00040806 = 15.4655 BTC [-] [08:58]
BTC-Mining hmm, so MKTOP will always cost 0.02 BTC per call and 2% of (PUT STRIKE / CURRENT MARKET) [08:59]
BTC-Mining for PUT [08:59]
BTC-Mining Seems a bit expensive for the CALLS [08:59]
BTC-Mining But eh [08:59]
BTC-Mining Where is the current market price fetched? [09:00]
mircea_popescu http://polimedia.us/bitcoin/faq.html#25 [09:02]
BTC-Mining ah, thanks [09:06]
BTC-Mining Is it fetched live for each MKOPT? [09:06]
mircea_popescu it doesn't change that fast you know. [09:06]
BTC-Mining Well, not sure how frequently they change it [09:07]
* Chaang-Noi has quit (Ping timeout: 240 seconds) [09:09]
* Shaded (~Shaded@unaffiliated/shaded) has joined #bitcoin-assets [09:12]
* Shaded has quit (Excess Flood) [09:12]
dub ;;bc,blocks [09:12]
gribble 203199 [09:12]
Garr255 ;;bc [09:12]
gribble Error: "bc" is not a valid command. [09:12]
Garr255 ;;bc,total [09:12]
gribble Error: "bc,total" is not a valid command. [09:12]
Garr255 ;;bc,help [09:13]
gribble Alias bc,24hprc, Alias bc,avgprc, Alias bc,bitpenny, Alias bc,blockdiff, Alias bc,blocks, Alias bc,bounty, Alias bc,btcguild, Alias bc,calc, Alias bc,calcd, Alias bc,convert, Alias bc,deepbit, Alias bc,diff, Alias bc,diffchange, Alias bc,eligius, Alias bc,estimate, Alias bc,fx, Alias bc,gen, Alias bc,gend, Alias bc,halfreward, Alias bc,help, Alias bc,hextarget, Alias bc,intersango, Alias (2 more messages) [09:13]
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* Chaang-Noi (~J@183.89.6.182) has joined #bitcoin-assets [09:22]
assbot [MPEX] [S.MPOE] 3382 @ 0.00040983 = 1.386 BTC [+] [09:24]
mircea_popescu https://bitcointalk.org/index.php?topic=20535.msg285717#msg285717 old mtgox threads kick ass [09:32]
* BitcoinBaltar has quit () [09:32]
* sgnb (~user@fbx.up7.fr) has joined #bitcoin-assets [09:34]
BTC-Mining My options spreadhseet now autofetch the data from bitcoinchart [09:39]
* maximian_ (~maximian@S010600008654164f.vc.shawcable.net) has joined #bitcoin-assets [09:40]
mircea_popescu cool [09:42]
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* maximian has quit (Ping timeout: 255 seconds) [09:43]
* maximian_ is now known as maximian [09:43]
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BTC-Mining I'm now well tooled to quickly check margin vs fee for MKOPT compared to current bids [09:44]
BTC-Mining Will rack you some 2% fees [09:45]
assbot [MPEX] [S.MPOE] 10516 @ 0.00041041 = 4.3159 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 18401 @ 0.00041054 = 7.5543 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 25400 @ 0.000411 = 10.4394 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 46124 @ 0.00041198 = 19.0022 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 21500 @ 0.00041222 = 8.8627 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 45399 @ 0.00041238 = 18.7216 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 49900 @ 0.00041265 = 20.5912 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 53001 @ 0.00041351 = 21.9164 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 12917 @ 0.00041479 = 5.3578 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 27200 @ 0.00041609 = 11.3176 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 30600 @ 0.0004177 = 12.7816 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 25000 @ 0.00041876 = 10.469 BTC [+] [09:45]
assbot [MPEX] [S.MPOE] 434042 @ 0.00042 = 182.2976 BTC [+] [09:45]
mircea_popescu whee [09:45]
BTC-Mining Someone saw massive profit from 2% fees? Let me start trading first! [09:45]
mircea_popescu lol [09:46]
assbot [MPEX] [O.BTCUSD.P010T] 25 @ 0.0213913 = 0.5348 BTC [-] [09:59]
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* Jackmaninov has quit (Ping timeout: 255 seconds) [10:24]
assbot [MPEX] [S.MPOE] 9900 @ 0.00041239 = 4.0827 BTC [-] [10:25]
assbot [MPEX] [S.MPOE] 27818 @ 0.00041474 = 11.5372 BTC [+] [10:25]
* Chaang-Noi has quit (Ping timeout: 255 seconds) [10:29]
* Chaang-Noi (~J@183.89.6.182) has joined #bitcoin-assets [10:42]
BTC-Mining well, goodbye everyone [10:43]
* BTC-Mining has quit () [10:44]
assbot [MPEX] [S.MPOE] 12982 @ 0.00041474 = 5.3842 BTC [+] [10:47]
assbot [MPEX] [S.MPOE] 107018 @ 0.00042 = 44.9476 BTC [+] [10:47]
assbot [MPEX] [O.BTCUSD.P020T] 13 @ 0.02723297 = 0.354 BTC [+] [10:57]
assbot [MPEX] [O.BTCUSD.P020T] 8 @ 0.02582572 = 0.2066 BTC [-] [10:57]
assbot [MPEX] [O.BTCUSD.P020T] 39 @ 0.02274183 = 0.8869 BTC [-] [10:57]
assbot [MPEX] [O.BTCUSD.P020T] 47 @ 0.01999854 = 0.9399 BTC [-] [10:57]
assbot [MPEX] [O.BTCUSD.P020T] 30 @ 0.01744936 = 0.5235 BTC [-] [10:58]
* Now talking on #bitcoin-assets [19:36]
* Topic for #bitcoin-assets is: Bitcoin asset exchanges: http://polimedia.us/mpex || https://coinbr.com || https://cryptostocks.com || https://icbit.se || https://therocktrading.com || https://assets-otc.com || list bot commands: !help || Streaming trades only: #bitcoin-assets-trades || Net Chart: http://bit.ly/RMjqah || a biased message: http://smpake.com || http://bit4x.com [19:36]
* Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Sun Oct 7 19:47:05 2012 [19:36]
assbot [MPEX] [S.MPOE] 1045 @ 0.00040596 = 0.4242 BTC [-] [19:42]
assbot [MPEX] [S.MPOE] 3000 @ 0.00040588 = 1.2176 BTC [-] [19:42]
assbot [MPEX] [S.MPOE] 10000 @ 0.00040573 = 4.0573 BTC [-] [19:42]
assbot [MPEX] [S.MPOE] 19200 @ 0.00040566 = 7.7887 BTC [-] [19:42]
assbot [MPEX] [S.MPOE] 855 @ 0.00040515 = 0.3464 BTC [-] [19:42]
assbot [MPEX] [S.MPOE] 13800 @ 0.00040657 = 5.6107 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 53300 @ 0.00040669 = 21.6766 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 40020 @ 0.00040732 = 16.3009 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 4000 @ 0.00040901 = 1.636 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 11803 @ 0.00041087 = 4.8495 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 12859 @ 0.00041138 = 5.2899 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 29592 @ 0.0004121 = 12.1949 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 19900 @ 0.00041241 = 8.207 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 3648 @ 0.0004144 = 1.5117 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 3295 @ 0.00041463 = 1.3662 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 51100 @ 0.00041695 = 21.3061 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 7143 @ 0.00041789 = 2.985 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 4097 @ 0.00041864 = 1.7152 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 9500 @ 0.00041903 = 3.9808 BTC [+] [19:44]
assbot [MPEX] [S.MPOE] 1735943 @ 0.00042 = 729.0961 BTC [+] [19:44]
* MrTeal has quit (Ping timeout: 246 seconds) [19:44]
assbot [MPEX] [S.DICE] 180 @ 0.0032 = 0.576 BTC [-] [19:47]
smickles Azelphur: did i receive anything from glbse yet? Yes, the btc which was in the mpoe.etf account. Nothing more. [19:54]
Azelphur smickles: aww :( [19:54]
EskimoBob take a look at this: http://www.youtube.com/watch?v=MrIxH6DToXQ live Red Bull Stratos - freefall from the edge of space [19:55]
mircea_popescu smickles not the otjher, ss or what was it ? [19:56]
mircea_popescu http://thehill.com/blogs/hillicon-valley/technology/261863-us-ambassador-warns-internet-fee-proposal-gaining-momentum-abroad hey, they still hope to tax it [19:58]
smickles mircea_popescu: not the ojher (ss) and not my brokerage account yet [19:59]
smickles "brokerage" [19:59]
mircea_popescu wow !? [19:59]
mircea_popescu so in the end just some accts ? [19:59]
assbot [MPEX] [O.BTCUSD.C130T] 3 @ 0.08225983 = 0.2468 BTC [-] [20:00]
smickles seems so [20:00]
smickles this may indicate that there is a minimum balance to have inorder to be paid [20:01]
smickles the SS account only had a couple hundred satoshi [20:01]
mircea_popescu o o [20:02]
mircea_popescu ya i think multiple ppl reported roundings [20:02]
mircea_popescu so basically, all accts were paid their btc balance is the correct statement [20:02]
* MrTeal (~MrTeal@64-201-204-104.sktn.hsdb.sasknet.sk.ca) has joined #bitcoin-assets [20:02]
smickles if we consider two of my accounts to be 'below the round' i suppose we can say all my accounts were paid their btc [20:03]
smickles mircea_popescu: this would indicate that over 3/4 of mpoe.etf shareholders got out before the fall [20:03]
mircea_popescu smickles pretty good then [20:04]
mircea_popescu very sloppy way to close things, ignoring some accts for being below the round, obviously [20:05]
mircea_popescu but in the circumstances... [20:05]
* Diablo-D3 (~diablo@pool-64-222-225-145.port.east.myfairpoint.net) has joined #bitcoin-assets [20:06]
smickles in 'principal', it's wrong to round off some accounts like that [20:08]
* Doffx (~doff@c-76-28-215-172.hsd1.wa.comcast.net) has joined #bitcoin-assets [20:09]
mircea_popescu principle lol [20:16]
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smickles heh, i thoung you might like that one ;) [20:19]
smickles *thought [20:19]
Diablo-D3 sup [20:19]
smickles nm here, you? [20:19]
smickles ;;ticker [20:20]
gribble Best bid: 11.95, Best ask: 11.9625, Bid-ask spread: 0.01250, Last trade: 11.9625, 24 hour volume: 12355, 24 hour low: 11.8502, 24 hour high: 12 [20:20]
smickles ;;bc,24hprc [20:20]
gribble 11.85 [20:20]
Diablo-D3 tired, really [20:20]
Diablo-D3 and my box failed to unhibernate correctly [20:20]
Diablo-D3 no news from captain jackass? [20:21]
* KeTheR (~chatzilla@cpc9-know13-2-0-cust308.17-2.cable.virginmedia.com) has joined #bitcoin-assets [20:21]
smickles I seem to have received some btc [20:21]
smickles and had a couple of account counted to be worth too little to pay back [20:22]
PsychoticBoy I recieved Only the btc in my private account (7.4 btc) [20:24]
PsychoticBoy ABM and FDBF is still pending, just like all the assets/shares I own [20:25]
assbot [MPEX] [S.MPOE] 38900 @ 0.00040515 = 15.7603 BTC [-] [20:28]
* da2ce7_d (~da2ce7@opentransactions/dev/da2ce7) has joined #bitcoin-assets [20:28]
* da2ce7 has quit (Ping timeout: 246 seconds) [20:29]
mircea_popescu PsychoticBoy hm, smickles got the btc from the mpoe acct. [20:29]
Diablo-D3 smickles: I guess the bfl bet is dead now [20:36]
Diablo-D3 too little to pay out on [20:36]
* tonikt2 (~tonikt@unaffiliated/tonikt) has joined #bitcoin-assets [20:38]
Azelphur just received this email "Your GLBSE account has been processed for bitcoin. The next step will be to send you information about your assets, and to provide this information to issuers (if you agreed) allowing you to continue your relationship with your issuers." [20:39]
mircea_popescu no date or anything ? [20:39]
Azelphur nope [20:40]
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* tonikt2 has quit (Client Quit) [20:41]
thestringpuller lol you guys got a glbse email too? [20:41]
mircea_popescu twhs [20:41]
PsychoticBoy nope, no email recieved [20:51]
Diablo-D3 [amsg] guy jumps from space, live now: http://www.redbullstratos.com/live/ [20:51]
assbot [MPEX] [S.MPOE] 1945 @ 0.00040515 = 0.788 BTC [-] [20:53]
assbot [MPEX] [S.MPOE] 37455 @ 0.00040466 = 15.1565 BTC [-] [20:53]
thestringpuller Diablo-D3: that's really cool (I skydive) [20:53]
* Grishnakh (~fraiska@dsl-espbrasgw1-febedf00-247.dhcp.inet.fi) has joined #bitcoin-assets [20:54]
* KeTheR has quit (Ping timeout: 245 seconds) [21:16]
assbot [MPEX] [S.MPOE] 16145 @ 0.00040466 = 6.5332 BTC [-] [21:20]
assbot [MPEX] [S.MPOE] 18710 @ 0.0004045 = 7.5682 BTC [-] [21:20]
* OneMiner has quit (Ping timeout: 252 seconds) [21:30]
* Guest74804 (~IceChat77@208.71.117.76) has joined #bitcoin-assets [21:32]
assbot [MPEX] [S.MPOE] 27590 @ 0.0004045 = 11.1602 BTC [-] [21:45]
assbot [MPEX] [S.MPOE] 7610 @ 0.00040447 = 3.078 BTC [-] [21:45]
* Chaaang-Noi (~J@180.183.209.230) has joined #bitcoin-assets [21:53]
* KeTheR (~chatzilla@cpc9-know13-2-0-cust308.17-2.cable.virginmedia.com) has joined #bitcoin-assets [21:53]
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EskimoBob Diablo-D3: what are your plans if you get the GLBSE shareholders list? Or let me ask this. have issuers agreed on some grand plan of moving to same "place" or something like that? [21:59]
EskimoBob I had like multiple stuff in my "portfolio" and if everyone walk in different direction, this is going to be a real PITA [22:00]
Diablo-D3 EskimoBob: dmc is shutting down still [22:03]
Diablo-D3 so... meh [22:03]
Diablo-D3 theres no way to handle this [22:03]
Diablo-D3 hrm glbse paid out to me [22:04]
Diablo-D3 a bunch of tiny amounts then 7.04 [22:04]
Diablo-D3 wonder what the 7.04 was [22:04]
Diablo-D3 EskimoBob: anyhow, yeah, it may end up that DMC shares are worth nothing [22:06]
Diablo-D3 which is going to suck [22:07]
assbot [MPEX] [S.MPOE] 9673 @ 0.00040447 = 3.9124 BTC [-] [22:12]
assbot [MPEX] [S.MPOE] 30983 @ 0.00040444 = 12.5308 BTC [-] [22:12]
smickles .0004? [22:15]
smickles glbse pays and mpex rises, eh? [22:16]
EskimoBob yes, this sucks indeed unless you list them somewhere else. [22:16]
EskimoBob asstes-otc is actually a interesting concept [22:16]
Diablo-D3 EskimoBob: well, Im going to see if glbse gives me a list of all dmc holders [22:16]
Diablo-D3 Ill see if I can just buy out all the smallest holders first [22:17]
* Jackmaninov (~Jackmanin@e211-020.eduroam.tuwien.ac.at) has joined #bitcoin-assets [22:18]
EskimoBob I think I had some shares left too :) [22:18]
* Lyspooner (~chatzilla@unaffiliated/mpkomara) has joined #bitcoin-assets [22:19]
smickles ok, i'm fairly confident that only one of the glbse accounts which I controlled was 'processed' [22:22]
smickles i say this because i only received an email for the one, and not the otheres [22:22]
Diablo-D3 smickles: did you get a bunch of tx spam though? [22:30]
Diablo-D3 because I got a bunch of spam [22:30]
* KeTheR has quit (Quit: Fuck this shit!) [22:31]
jurov interesting, nobody added mpex to stumbleupon yet [22:32]
assbot [MPEX] [S.MPOE] 8800 @ 0.00040444 = 3.5591 BTC [-] [22:39]
* maximian (~maximian@S010600008654164f.vc.shawcable.net) has joined #bitcoin-assets [22:40]
smickles Diablo-D3: tx spam? I don't get much spam other that penis pills and the like [22:45]
assbot [MPEX] [O.BTCUSD.C170T] 6 @ 0.01749603 = 0.105 BTC [-] [22:52]
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* MrTeal (~MrTeal@64-201-204-104.sktn.hsdb.sasknet.sk.ca) has joined #bitcoin-assets [22:57]
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Diablo-D3 smickles: hurr [23:14]
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assbot [MPEX] [S.MPOE] 8317 @ 0.00040444 = 3.3637 BTC [-] [23:18]
assbot [MPEX] [S.MPOE] 42000 @ 0.00040438 = 16.984 BTC [-] [23:18]
assbot [MPEX] [S.MPOE] 7683 @ 0.00040434 = 3.1065 BTC [-] [23:18]
* BurtW has quit (Ping timeout: 245 seconds) [23:22]
Luceo https://bitcointalk.org/index.php?topic=89564.0 <-- ASIC Raffle ONE TIME OFFER (Next Taker Only) - Buy 6 tickets for 1.8 BTC, get 2 free (worth 0.6 BTC) [23:26]
* BTC-Mining (~BTC-Minin@modemcable037.34-22-96.mc.videotron.ca) has joined #bitcoin-assets [23:29]
Luceo Wrong chat [23:32]
pigeons bfl is also doing an asic raffle [23:33]
BTC-Mining asic raffle? [23:34]
pigeons the winners get them before other asics come out, and 2nd place gets a product close to advertised specs at all ever [23:39]
kakobrekla lol [23:40]
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BTC-Mining eh [23:42]
assbot [MPEX] [S.MPOE] 1000 @ 0.00040434 = 0.4043 BTC [-] [23:43]
EskimoBob first trade in assets-otc :) [23:52]
BTC-Mining ? [23:58]
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