Forum logs for 20 Aug 2012

Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
Doffx Thats actually funny coming from you EmanuelDeOrtego [00:00]
EmanuelDeOrtego Feel free to elaborate [00:00]
Doffx Mainly because you were just talking about doomsday scenarios, wich I actually side with you on which is exactly why I don’t see any long term future in much of this. [00:01]
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Doffx I dont know when it all falls apart though, 1 year? 20 years? remains to be seen. [00:01]
EmanuelDeOrtego Doffx: Well, 600 banking executives have quit in the past year. [00:01]
Doffx I think anyone with even a small amount of brains can see society is about to change. [00:02]
EmanuelDeOrtego The wealthy are purchasing more and more properties in survivalist areas. [00:02]
Doffx Oh yeah, banking is the problem thats for sure. [00:02]
EmanuelDeOrtego George Soros went all Gold but that could mean anything. [00:02]
Doffx Like I said I'm with you on something coming. [00:03]
EmanuelDeOrtego The fact is we are overdue for another great depression. The DHS is stocking up on ammo rounds and FEMA has camps ready. [00:03]
EmanuelDeOrtego What this could all mean varies. [00:03]
Doffx Means they are about to fight off massive civil unrest [00:03]
Doffx and the rich are protecting their assets by using the government ties to inforce it. [00:04]
EmanuelDeOrtego All I know is I grow my own food and store water. [00:04]
EmanuelDeOrtego I am not really concerned. [00:04]
EmanuelDeOrtego If you live in a urban area, then you should be. [00:04]
Doffx I have done the same but im still concerned, you can do it alone either you need a good network of people in your community dont forget that [00:04]
Doffx err cant* [00:04]
Doffx I live in a nice small town where all the food is made [00:05]
Doffx Wife works at a large farm [00:05]
Chaang-Noi what is the other chan with the glbse stocks, the other one with the bot? [00:05]
Doffx I still dont feel safe. [00:05]
EmanuelDeOrtego Dairy or...? [00:05]
EmanuelDeOrtego Chaang-Noi: MPeX? [00:05]
Doffx Berries, corn, and dairy [00:05]
nefario (4:58:54 AM) DiabloD3: I want this to happen [00:06]
nefario (4:58:57 AM) DiabloD3: and I eventually get what I want [00:06]
Chaang-Noi no atlas, [00:06]
nefario is that how you became a dady? [00:06]
EmanuelDeOrtego Mmm, berries and dairy are good staples. [00:06]
DiabloD3 nefario: a what? [00:06]
EmanuelDeOrtego Daddy [00:06]
nefario I'm insinuating you raped someone [00:06]
nefario for fun [00:06]
nefario the insinuating part [00:06]
nefario not the rape part [00:07]
EmanuelDeOrtego Hey, some women like getting "raped" for a hobby but it stops being rape then apparently. [00:07]
Chaang-Noi wtf am i jumping into? [00:07]
DeaDTerra hahah I had the same reaction as Channd [00:07]
DeaDTerra Chaang* [00:07]
Chaang-Noi asset cahn went to rape for fun chan? [00:07]
DeaDTerra I just saw "Raped" in qoutation marks :P [00:07]
nefario can't rape the willing [00:08]
Chaang-Noi i saw atlats and just wanted to move to the other chan... [00:08]
Chaang-Noi but cant remeber it, some one please pm me it [00:08]
EmanuelDeOrtego Come on, Noi. I am not bad at all. [00:08]
Chaang-Noi i ahve some on topic questions about the last 48 hours (iv been away) [00:08]
EmanuelDeOrtego I just speak honestly. [00:08]
Chaang-Noi you are not bad, just off topic [00:08]
EmanuelDeOrtego Acknowledged. I'll stop. [00:08]
Chaang-Noi thanks [00:09]
Chaang-Noi whats up with the btc price [00:09]
Chaang-Noi its like 50% of what it was when i left 48 hours ago [00:09]
Chaang-Noi also the panic sale of ppt bonds has quit, market now has faith in pirate? [00:10]
Obsi DiabloD3: Second OBSI.ABMO ASIC upgrade paid for. Estimated hashrate at deliver 80.82 Ghash [00:10]
Obsi *delivery [00:10]
Doffx He came in to OTC said he would pay Chaang-Noi. [00:10]
Doffx that was Friday though. [00:10]
DiabloD3 Obsi: whats that per share now? [00:10]
Doffx Now the speculation is hes paid some investors and they are selling. [00:10]
Chaang-Noi i was getting some of my bonds back at .5 and .6 crazy [00:11]
Doffx Dont think anyone actually knows the true reason for the selloff [00:11]
assbot [MPEX] [S.MPOE] 490 @ 0.00038366 = 0.188 BTC [+] [00:11]
assbot [MPEX] [S.MPOE] 13500 @ 0.00038544 = 5.2034 BTC [+] [00:11]
assbot [MPEX] [S.MPOE] 8110 @ 0.00039193 = 3.1786 BTC [+] [00:11]
Chaang-Noi i see [00:11]
Obsi DiabloD3: 7.223 when BFL delivers on spec [00:11]
Doffx Yeah I snagged a bunch as well, if he pays I make another 30 or so btc. [00:11]
assbot [GLBSE] [BDT] 150 @ 1 = 150 BTC [+] [00:11]
Doffx If not, well.. I lose everything. [00:11]
DiabloD3 Obsi: ahh, so Ill just go edit this [00:12]
Obsi hmm... that's not counting the 1MHS shares [00:12]
Obsi so more actually [00:12]
DiabloD3 Obsi: write a perl script =P [00:12]
Obsi DiabloD3: 7.759 counting the 1MHS bonds [00:13]
DiabloD3 glee [00:13]
kakobrekla updates [00:14]
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DiabloD3 dmc is 5.50mh/share [00:14]
kakobrekla !ticker s.mpoe [00:14]
assbot [MPEX:S.MPOE] 1day: 0.0003563 / 0.00038189 / 0.0003965 (2125718 shares, 811.80 BTC), 30day: 0.0001 / 0.00035454 / 0.0003965 (41764690 shares, 14,807.45 BTC) [00:14]
kakobrekla mircea_popescu ^^ [00:14]
mircea_popescu aaaa [00:15]
mircea_popescu that's liovely! [00:15]
mircea_popescu !ticker S.BVPS [00:15]
assbot [MPEX:S.BVPS] 1day: 0.00376575 / 0.00377829 / 0.003801 (1300 shares, 4.91 BTC), 30day: 0.001175 / 0.00308933 / 0.00435 (79028 shares, 244.14 BTC) [00:15]
mircea_popescu sweet. [00:15]
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assbot [GLBSE] [TEEK.B] 1 @ 1 BTC [+] [00:18]
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assbot [GLBSE] [ASICMINER] 13 @ 0.09 = 1.17 BTC [-] [00:21]
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assbot [GLBSE] [ASICMINER] 5 @ 0.0899 = 0.4495 BTC [-] [00:22]
assbot [GLBSE] [BDT] 3 @ 1.0001 = 3.0003 BTC [+] [00:23]
assbot [GLBSE] [BDT] 97 @ 1 = 97 BTC [-] [00:23]
mircea_popescu thanks a lot kakobrekla :D [00:23]
mircea_popescu !ticker O.BTCUSD.P200T [00:24]
assbot [MPEX:O.BTCUSD.P200T] 1day: 0 / 0 / 0 (0 shares, 0 BTC), 30day: 0.49513636 / 0.65385299 / 1.02790394 (11000 shares, 7,192.38 BTC) [00:24]
assbot [GLBSE] [NYAN.C] 2 @ 0.986 = 1.972 BTC [+] [00:25]
mircea_popescu ;;ticker [00:26]
gribble Best bid: 8.02341, Best ask: 8.09, Bid-ask spread: 0.06659, Last trade: 8.09998, 24 hour volume: 217452, 24 hour low: 7.58, 24 hour high: 11.95 [00:26]
assbot [GLBSE] [NYAN.C] 3 @ 0.986 = 2.958 BTC [+] [00:26]
mircea_popescu sooo... pirate has officially run out of bitcoins, that right ? [00:26]
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kakobrekla umm [00:27]
assbot [MPEX] [S.MPOE] 2990 @ 0.00039193 = 1.1719 BTC [+] [00:27]
assbot [MPEX] [S.MPOE] 29700 @ 0.0003935 = 11.687 BTC [+] [00:27]
assbot [MPEX] [S.MPOE] 26210 @ 0.00039606 = 10.3807 BTC [+] [00:27]
kakobrekla even if he is manipulating the price [00:27]
kakobrekla the trick is he must only trigger the downfall [00:27]
kakobrekla not keep it going [00:28]
assbot [GLBSE] [FPGAMINING] 5 @ 0.92 = 4.6 BTC [-] [00:29]
mircea_popescu well, we're in the red two days of 200k each [00:29]
assbot [GLBSE] [CPA] 5 @ 0.08 = 0.4 BTC [-] [00:32]
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nefario crashing the price to be able to buy them back cheaper [00:34]
nefario isn't that very much 1 step back 1&1/2 forward? [00:34]
mircea_popescu yes. [00:34]
mircea_popescu im pretty sure if you have 200k and want 300k, if you firesale your 200k the 300k will cost more than what 100k would have cost. [00:35]
dub or the market is just correcting the price to last months value [00:35]
mircea_popescu and you'll end up with a higher price in the end. [00:35]
mircea_popescu dub maybe [00:35]
dub combined with a shitload of already jumpy pirate investors panicing [00:35]
mircea_popescu pirate investoers by that very definition have no btc to sell. [00:36]
nefario "investors" [00:36]
nefario gamblers [00:36]
mircea_popescu the logical explanation here is : pirate is cashing out, by monday his wires have gone through [00:36]
mircea_popescu and the "investors" can shoto themselves [00:36]
dub whatever, some have been cashing out of ppts for a while [00:36]
mircea_popescu which really, they prolly should do in that circumstance. [00:36]
mircea_popescu ppts aren't much. [00:36]
Doffx I dont think pirate is cashing out anything [00:37]
dub ^ [00:37]
Doffx I think he paid investors and they are cashing out [00:37]
mircea_popescu possible. [00:37]
Doffx Makes more sense anyhow [00:37]
assbot [GLBSE] [BLUECHIP] 4 @ 0.1 = 0.4 BTC [00:37]
assbot [GLBSE] [BLUECHIP] 15 @ 0.1 = 1.5 BTC [00:37]
assbot [GLBSE] [BLUECHIP] 4 @ 0.1 = 0.4 BTC [00:37]
assbot [GLBSE] [BLUECHIP] 6 @ 0.1 = 0.6 BTC [00:37]
assbot [GLBSE] [BLUECHIP] 75 @ 0.1 = 7.5 BTC [00:37]
assbot [GLBSE] [BLUECHIP] 20 @ 0.1 = 2 BTC [00:37]
nefario aha [00:37]
assbot [GLBSE] [FPGAMINING] 9 @ 0.92 = 8.28 BTC [-] [00:37]
dub wtf is bluechip [00:37]
nefario he's finally figured out where the sell button is [00:37]
assbot [GLBSE] [BIB.PIRATE] 3 @ 0.6001 = 1.8003 BTC [-] [00:39]
assbot [GLBSE] [BIB.PIRATE] 20 @ 0.6 = 12 BTC [-] [00:39]
assbot [GLBSE] [BIB.PIRATE] 33 @ 0.531 = 17.523 BTC [-] [00:39]
rg oh sweet [00:39]
rg assbot does mpex [00:39]
rg !ticker s.bps [00:39]
rg !ticker s.bvps [00:39]
assbot Invalid ticker. [00:39]
assbot [MPEX:S.BVPS] 1day: 0.00376575 / 0.00377829 / 0.003801 (1300 shares, 4.91 BTC), 30day: 0.001175 / 0.00308933 / 0.00435 (79028 shares, 244.14 BTC) [00:39]
gabbynot nefario: any assets on glbse that take advantage of shorting BTC? [00:39]
nefario I don't know [00:40]
assbot [GLBSE] [BDT] 171 @ 1 = 171 BTC [-] [00:40]
nefario I'm not a trader [00:40]
mircea_popescu rg yep [00:40]
nefario but we're going to be adding curreny and margin [00:40]
Doffx We missed that chance, shorting any mining stock except Cognatus would have been huge profit! [00:40]
teek gabbynot: TEEK.USD [00:40]
gabbynot thx [00:41]
assbot [GLBSE] [FPGAMINING] 4 @ 0.9001 = 3.6004 BTC [-] [00:41]
assbot [GLBSE] [FPGAMINING] 3 @ 0.9 = 2.7 BTC [-] [00:41]
assbot [GLBSE] [FPGAMINING] 15 @ 0.87 = 13.05 BTC [-] [00:41]
assbot [GLBSE] [FPGAMINING] 10 @ 0.8612001 = 8.612 BTC [-] [00:41]
assbot [GLBSE] [FPGAMINING] 4 @ 0.861 = 3.444 BTC [-] [00:41]
assbot [GLBSE] [FPGAMINING] 50 @ 0.85 = 42.5 BTC [-] [00:41]
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dust-otc gabbynot: TEEK.USD [00:41]
gabbynot not a ton of volume there, tho [00:42]
assbot [GLBSE] [BIF.P2P.LOANS] 1 @ 0.1 BTC [00:42]
assbot [GLBSE] [BDT] 2 @ 1 = 2 BTC [-] [00:42]
dust-otc gabbynot: very true [00:42]
mircea_popescu there's always options. [00:43]
gabbynot i'm thinking we're hitting the 5's soon…maybe later tonight….so much panic right now [00:43]
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gabbynot don't want to sell my BTC, just want to hedge [00:44]
dust-otc bluechip looks a pretty shady asset [00:44]
dust-otc you can buy at .1 and sell at .05 [00:44]
mircea_popescu gabbynot well that's exactly it. [00:45]
dust-otc and 1 million shares offered [00:45]
assbot [GLBSE] [COGNITIVE] 1 @ 0.6795 BTC [+] [00:45]
assbot [GLBSE] [COGNITIVE] 13 @ 0.6796 = 8.8348 BTC [+] [00:45]
assbot [GLBSE] [COGNITIVE] 6 @ 0.6797 = 4.0782 BTC [+] [00:45]
assbot [GLBSE] [COGNITIVE] 1 @ 0.6798 BTC [+] [00:45]
assbot [GLBSE] [COGNITIVE] 20 @ 0.6849 = 13.698 BTC [+] [00:45]
assbot [GLBSE] [COGNITIVE] 5 @ 0.6998 = 3.499 BTC [+] [00:45]
assbot [GLBSE] [COGNITIVE] 44 @ 0.73 = 32.12 BTC [+] [00:45]
gabbynot any ideas mircea? [00:46]
assbot [GLBSE] [ASICMINER] 20 @ 0.0999 = 1.998 BTC [+] [00:46]
kakobrekla o asicminer below ipo [00:47]
mircea_popescu gabbynot options work exactly to hedge, not to sell your underlying. [00:47]
mircea_popescu buy some puts. [00:47]
gabbynot where? [00:48]
assbot [GLBSE] [BLUECHIP] 1 @ 0.1 BTC [00:48]
mircea_popescu http://polimedia.us/mpex [00:48]
assbot [GLBSE] [TEEK.B] 3 @ 1.2449 = 3.7347 BTC [+] [00:48]
assbot [GLBSE] [TEEK.B] 17 @ 1.245 = 21.165 BTC [+] [00:48]
gabbynot never traded there, just glbse…thanks for the info, tho [00:48]
mircea_popescu np. [00:49]
nefario options will be on all GLBSE assets by the end of next week [00:49]
Gladamas thanks nefario! [00:49]
dub nefario: are you doing anythign to fix performance? [00:49]
nefario drinking tea [00:49]
nefario but seriously [00:50]
nefario yes [00:50]
nefario tomorrow there will be an update to charts [00:50]
nefario which will help a lot [00:50]
dub cool [00:50]
assbot [GLBSE] [TYGRR.BOND-P] 8 @ 0.85 = 6.8 BTC [-] [00:50]
nefario then 2 days later a rollout of new charts and public API [00:50]
Gladamas cool thanks [00:51]
kakobrekla nefario, btw [00:51]
usagi sounds exciting [00:51]
kakobrekla we noticed some trades in the past [00:51]
kakobrekla were not echoed on the twitter [00:51]
kakobrekla (and assbot) [00:51]
nefario how far in the past? [00:52]
kakobrekla the last big purchase of asicminer [00:52]
kakobrekla ipo offer [00:52]
nefario hmmm [00:52]
nefario I've no idea why that was the case [00:52]
mircea_popescu kakobrekla i had the same problem. thing is twitter won't repeat messages [00:53]
assbot [GLBSE] [CBGB] 5 @ 0.5 = 2.5 BTC [+] [00:53]
mircea_popescu if you have two orders of 5 at 5, it only puts in the first. [00:53]
nefario ah [00:55]
nefario cunts [00:55]
kakobrekla well timestamp in the tweet should help that [00:55]
nefario they're getting very stingy with their platform [00:55]
kakobrekla maybe use microtime instead [00:55]
kakobrekla but i dont think that was the issue here [00:55]
EskimoBob "DiabloD3 | what do I do with the other several dozen racks other than rent them out for $20k/mo" and what was the price I quoted for you DiabloD3 ? [00:55]
kakobrekla afaik it was 1 big order [00:55]
EskimoBob you can make a shit load of money right now [00:55]
kakobrekla and a wild guess is glbse gaged out? [00:55]
kakobrekla well hm [00:56]
kakobrekla nevermind [00:56]
kakobrekla size of the order [00:56]
kakobrekla shouldnt do anything with the gaging out [00:56]
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Anduck nefario should make IPO on GLBSE itself, for example to gather money to improve it [00:56]
kakobrekla since it was 1 ipo ask [00:56]
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kakobrekla meh [00:56]
assbot [GLBSE] [BDT] 2 @ 1.085 = 2.17 BTC [+] [00:57]
kakobrekla nefario, switch from time to microtime for nwo [00:57]
kakobrekla now [00:57]
assbot [GLBSE] [SILVER] 6 @ 0.00999999 = 0.06 BTC [+] [00:57]
kakobrekla also dividend payout are still not twittin [00:57]
nefario thats coming [00:57]
kakobrekla in 2 weeks 4 weeks ago :p [00:57]
assbot [GLBSE] [HYDRO.BONDS] 1 @ 1.8899 BTC [+] [00:58]
nefario after backend changes [00:58]
nefario which are done tomorrow [00:59]
assbot [GLBSE] [PUREMINING] 1 @ 0.13899999 BTC [+] [00:59]
assbot [GLBSE] [MOVETO.FUND] 1 @ 1.15 BTC [-] [01:00]
assbot [MPEX] [O.BTCUSD.C060N] 1 @ 0.49762207 BTC [-] [01:00]
kakobrekla !ticker B.MPCD.A [01:00]
kakobrekla !ticker B.MPCD.B [01:00]
assbot [MPEX:B.MPCD.A] 1day: 0 / 0 / 0 (0 shares, 0 BTC), 30day: 0.001 / 0.00369672 / 1.003 (371600 shares, 1,373.70 BTC) [01:00]
kakobrekla !ticker B.MPCD.C [01:00]
assbot [MPEX:B.MPCD.B] 1day: 0.001008 / 0.001008 / 0.001008 (25000 shares, 25.20 BTC), 30day: 0.001 / 0.00100049 / 0.001008 (426500 shares, 426.71 BTC) [01:00]
assbot [GLBSE] [BBBB] 250 @ 0.00028 = 0.07 BTC [+] [01:00]
assbot [MPEX:B.MPCD.C] 1day: 0 / 0 / 0 (0 shares, 0 BTC), 30day: 0.001 / 0.00100345 / 0.0010223 (414200 shares, 415.63 BTC) [01:00]
assbot [GLBSE] [COGNITIVE] 1 @ 0.75 BTC [+] [01:00]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 0.8501 = 3.4004 BTC [+] [01:00]
assbot [GLBSE] [TYGRR.BOND-P] 16 @ 0.85 = 13.6 BTC [-] [01:00]
kakobrekla 30day: 0.001 / 0.00369672 / 1.003 [01:01]
kakobrekla O_O [01:01]
mircea_popescu what ? [01:01]
assbot [GLBSE] [OBSI.HRPT] 1 @ 0.1 BTC [+] [01:01]
assbot [GLBSE] [GIGAMINING] 4 @ 1.0385 = 4.154 BTC [+] [01:02]
assbot [GLBSE] [GIGAMINING] 6 @ 1.0386 = 6.2316 BTC [+] [01:02]
mircea_popescu o, yeah. i think right after my initial offerings sold somebody put one up at like, crazy price, trying to get people confused as to value. [01:02]
assbot [GLBSE] [OBSI.HRPT] 1 @ 0.1 BTC [+] [01:03]
kakobrekla heh [01:03]
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assbot [GLBSE] [OBSI.HRPT] 1 @ 0.1 BTC [+] [01:09]
mircea_popescu ;;ticker [01:10]
gribble Best bid: 7.99999, Best ask: 8, Bid-ask spread: 0.00001, Last trade: 8, 24 hour volume: 221854, 24 hour low: 7.58, 24 hour high: 11.91 [01:10]
mircea_popescu i'd say this is catastrophic drops never before seen in btc [01:10]
mircea_popescu not even during the great $30 crash did it go this fast. [01:10]
assbot [GLBSE] [OBSI.HRPT] 15 @ 0.1 = 1.5 BTC [+] [01:11]
rg yep [01:12]
rg lost over 50% in 3 days [01:12]
mircea_popescu good that we're young enough to still set records hehe [01:12]
mircea_popescu otherwise this will be known as the flash crash of august. [01:13]
mircea_popescu dark friday etc. [01:13]
rg what i dont understand is [01:13]
rg everyone was bitching that the price was so high [01:13]
rg now its low [01:13]
rg and no one is buying [01:13]
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assbot [GLBSE] [GIGAMINING] 1 @ 1.0386 BTC [+] [01:13]
mircea_popescu rg eh forget it, peoplebitching. people bitch. [01:13]
mircea_popescu doesn't mean anything. [01:13]
mircea_popescu was the same exact thing back whern it was 2. when i joined and btc was 15 people were whinign that they don't want to pay money so the early adopters benefit. [01:14]
mircea_popescu none of those put money in when it was 2. [01:14]
rdponticelli We're also on a weekend... [01:14]
assbot [GLBSE] [ASICMINER] 1 @ 0.0999 BTC [+] [01:14]
mircea_popescu if it stayed at 15 now, in two weeks you'd ehar how unfair it is they can't put money in [01:14]
rdponticelli Money starts flowing in again in a couple of hours, if it does... [01:15]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 0.8501 = 3.4004 BTC [+] [01:15]
assbot [GLBSE] [TYGRR.BOND-P] 16 @ 0.85 = 13.6 BTC [-] [01:15]
gabbynot a flood of BTC will hit the markets this week assuming pirate pays everyone. We'll see $5 soon [01:15]
mircea_popescu i wouldnt mind it being 2 again lol. [01:16]
mircea_popescu buy some more. [01:16]
rdponticelli Yeas, it's possible [01:16]
mircea_popescu somebody was saying earlier, it's not pirate selling, its the people he repaid. [01:16]
rdponticelli If pirate pays, most of his lenders are cashing out like crazy... [01:16]
mircea_popescu this may be quite correct really. [01:16]
assbot [GLBSE] [COGNITIVE] 4 @ 0.75 = 3 BTC [+] [01:17]
gabbynot panic breeds panic [01:17]
rdponticelli Yes, most speculators who just entered because the high interest rates [01:17]
gabbynot yep, they'll want to cash out [01:17]
assbot [GLBSE] [OBSI.HRPT] 65 @ 0.1 = 6.5 BTC [+] [01:18]
rdponticelli Well, now the btc will be free to be used for people really caring [01:18]
assbot [GLBSE] [GIGAMINING] 1 @ 1.0386 BTC [+] [01:18]
gabbynot second bubble taking us to $2 would do serious damage to BTC's image [01:19]
assbot [GLBSE] [SYNERGY] 10 @ 0.189 = 1.89 BTC [+] [01:19]
assbot [GLBSE] [ASICMINER] 4 @ 0.0999 = 0.3996 BTC [+] [01:19]
assbot [GLBSE] [ASICMINER] 41 @ 0.1 = 4.1 BTC [+] [01:20]
rdponticelli Yes, something like that wouldn't look good [01:20]
mircea_popescu gabbynot btc does not care. [01:20]
* Chaaang-Noi (~J@mo-184-6-53-35.dhcp.embarqhsd.net) has joined #bitcoin-assets [01:20]
rg [18:15] If pirate pays, most of his lenders are cashing out like crazy... [01:20]
rg WHY [01:20]
mircea_popescu rg roundtrip theory. [01:20]
rg those poeple have left thousands of dollars with pirate [01:21]
rg why would thye all of a sudden sell [01:21]
rg they wouldnt [01:21]
rg they will look for other ways to make money with thier btc [01:21]
mircea_popescu ya they would. [01:21]
rg like they were with priate [01:21]
rg pirate* [01:21]
mircea_popescu with some of it, yea [01:21]
mircea_popescu but prolly principal goes back into bank./ [01:21]
mircea_popescu peopel are slow to board. [01:21]
rdponticelli rg: because a lot of them was just speculators brought in by the high interest rate [01:21]
assbot [GLBSE] [PAJKA.BOND] 11 @ 0.074 = 0.814 BTC [-] [01:22]
mircea_popescu guy gets 1000 btc for i dunno, 5usd [01:22]
mircea_popescu puts it with pirate, makes 1440 btc [01:22]
mircea_popescu sells 1k btc for ~7k usd [01:22]
mircea_popescu the other 440 is play money [01:22]
mircea_popescu expect a lot of scam assets to be propped up with a deluge of easy money. [01:22]
gabbynot exactly [01:22]
rg well [01:23]
assbot [GLBSE] [USD] 10 @ 0.155 = 1.55 BTC [+] [01:23]
rg we have to wait for it to hit the floor [01:23]
assbot [GLBSE] [USD] 5 @ 0.15553 = 0.7777 BTC [+] [01:23]
rg and it hasnt yet [01:23]
rdponticelli It would be a long week [01:24]
mircea_popescu maybe not. [01:24]
gabbynot question is….what's the floor? [01:24]
* Chaaaang-Noi (~J@mo-184-6-53-35.dhcp.embarqhsd.net) has joined #bitcoin-assets [01:24]
assbot [GLBSE] [PAJKA.BOND] 4 @ 0.0743 = 0.2972 BTC [+] [01:24]
mircea_popescu actually it could go as low as cents i think. [01:24]
* Chaang-Noi has quit (Ping timeout: 244 seconds) [01:24]
gabbynot yes…very long week [01:24]
rdponticelli The new best interest rate would be around 2 or 3%... [01:24]
mircea_popescu rdponticelli mpoe pays 5% a month. [01:25]
rdponticelli The floor can be really low [01:25]
rdponticelli Yes, I know [01:25]
mircea_popescu that's like 1.25 a week [01:25]
mircea_popescu 1.20 even [01:25]
rdponticelli I have some coins with you, remember? [01:25]
mircea_popescu o you do ? [01:25]
assbot [GLBSE] [PAJKA.BOND] 1 @ 0.07899999 BTC [+] [01:25]
mircea_popescu i don't keep track of ppl liek that :p [01:25]
rdponticelli lol [01:25]
mircea_popescu anonimity ftw! [01:26]
rdponticelli I found couple of bugs [01:26]
rdponticelli lol [01:26]
mircea_popescu now that i remember. [01:26]
rdponticelli I don't care about anonimity [01:26]
rdponticelli I can make everything I do in the clear [01:26]
rg im thinking the floor is $5 [01:26]
rg once it hits $5, lots of people will be buying [01:27]
rg that's hwy the market is slow now, people wanna see where the bottom is [01:27]
mircea_popescu it might be 1.x or 2.x [01:27]
* Chaaang-Noi has quit (Ping timeout: 240 seconds) [01:27]
rdponticelli rg: also the banks are closed [01:27]
mircea_popescu yeah the timing of it got many people into knots im sure. [01:27]
mircea_popescu collapse hit friday evening lol [01:27]
assbot [MPEX] [S.MPOE] 6200 @ 0.00039578 = 2.4538 BTC [-] [01:28]
rg meh anyone who got burned [01:29]
assbot [MPEX] [O.HASH.C10TH] 150000 @ 0.0000264 = 3.96 BTC [-] [01:29]
assbot [GLBSE] [BTCMC] 4 @ 0.69001 = 2.76 BTC [+] [01:29]
rg its their own fault [01:29]
rg if you dont leave money to play around with [01:29]
rg you're still limited to 3 days [01:29]
rg for bank transfer [01:29]
mircea_popescu they prolly exausted all that. [01:29]
rg so it doesnt change anything [01:29]
mircea_popescu people don't leave much money to play with cause of perceived risk [01:30]
mircea_popescu mtgox had a hack. th went down [01:30]
mircea_popescu etc. [01:30]
rdponticelli rg: yes, the flows got cut on weekends [01:30]
rdponticelli There's always a dip [01:30]
assbot [GLBSE] [FPGAMINING] 4 @ 0.9099 = 3.6396 BTC [+] [01:33]
assbot [GLBSE] [GIGAMINING] 4 @ 0.9502 = 3.8008 BTC [-] [01:33]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 0.8789 = 3.5156 BTC [+] [01:34]
assbot [GLBSE] [GIGAMINING] 6 @ 0.9501 = 5.7006 BTC [-] [01:35]
assbot [GLBSE] [PUREMINING] 15 @ 0.1061 = 1.5915 BTC [-] [01:36]
assbot [GLBSE] [PUREMINING] 5 @ 0.106 = 0.53 BTC [-] [01:36]
assbot [GLBSE] [PUREMINING] 1 @ 0.1052 BTC [-] [01:36]
assbot [GLBSE] [PUREMINING] 2 @ 0.105 = 0.21 BTC [-] [01:36]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 0.8789 = 3.5156 BTC [+] [01:36]
assbot [GLBSE] [PUREMINING] 1 @ 0.1 BTC [-] [01:37]
assbot [GLBSE] [PUREMINING] 10 @ 0.1 = 1 BTC [-] [01:37]
assbot [MPEX] [F.PURE.SYNTH] 120000 @ 0.0001341 = 16.092 BTC [-] [01:38]
assbot [GLBSE] [COGNITIVE] 5 @ 0.6501 = 3.2505 BTC [-] [01:39]
assbot [GLBSE] [COGNITIVE] 3 @ 0.65 = 1.95 BTC [-] [01:39]
assbot [GLBSE] [YABMC] 4 @ 0.1201 = 0.4804 BTC [-] [01:40]
assbot [GLBSE] [FPGAMINING] 2 @ 0.91 = 1.82 BTC [+] [01:41]
assbot [GLBSE] [PUREMINING] 2 @ 0.09 = 0.18 BTC [-] [01:41]
assbot [GLBSE] [NYAN.B] 1 @ 1 BTC [-] [01:41]
* paladon has quit (Quit: Leaving) [01:42]
assbot [GLBSE] [NYAN.C] 3 @ 0.986 = 2.958 BTC [+] [01:43]
assbot [GLBSE] [NYAN.C] 1 @ 0.987 BTC [+] [01:43]
assbot [GLBSE] [BTCMC] 4 @ 0.6901 = 2.7604 BTC [+] [01:44]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 0.8501 = 3.4004 BTC [-] [01:49]
assbot [GLBSE] [TYGRR.BOND-P] 5 @ 0.85 = 4.25 BTC [-] [01:49]
assbot [GLBSE] [TYGRR.BOND-P] 1 @ 0.8 BTC [-] [01:49]
* rdponticelli has quit (Ping timeout: 260 seconds) [01:50]
assbot [GLBSE] [OBSI.HRPT] 92 @ 0.1 = 9.2 BTC [+] [01:51]
* Eighth_Paradox (Eighth_Par@cpc9-colc7-2-0-cust473.7-4.cable.virginmedia.com) has joined #bitcoin-assets [01:52]
assbot [GLBSE] [ZETA-MINING] 5 @ 0.18399 = 0.92 BTC [+] [01:53]
assbot [GLBSE] [BTCMC] 4 @ 0.6901 = 2.7604 BTC [+] [01:54]
* Jackmaninov (~Jackmanin@128.233.249.131) has joined #bitcoin-assets [02:06]
assbot [GLBSE] [GMVT-BOT] 50 @ 0.1 = 5 BTC [+] [02:07]
* rdponticelli (~rdpontice@200-081-038-083.wireless.movistar.net.ar) has joined #bitcoin-assets [02:07]
* Jackmani_ (~Jackmanin@128.233.249.180) has joined #bitcoin-assets [02:07]
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assbot [GLBSE] [NYAN.C] 1 @ 0.987 BTC [+] [02:09]
assbot [GLBSE] [NYAN.C] 9 @ 0.989 = 8.901 BTC [+] [02:09]
assbot [GLBSE] [BIB.PIRATE] 4 @ 0.7499 = 2.9996 BTC [+] [02:09]
assbot [GLBSE] [BIB.PIRATE] 15 @ 0.75 = 11.25 BTC [+] [02:09]
* Jackmaninov has quit (Ping timeout: 244 seconds) [02:11]
agath bitcoins sent in last 24h => 5.593.367!!!! :-O [02:12]
mircea_popescu sent where ? [02:13]
agath and network hashrate => 21TH/s! [02:13]
MadSweeney O.O [02:13]
assbot [GLBSE] [BFLS] 1 @ 1 BTC [-] [02:13]
agath it's the sum of all the transactions in the last 24hrs [02:16]
agath so I don't know where, I didn't make a statistic [02:16]
assbot [GLBSE] [YABMC] 4 @ 0.1299 = 0.5196 BTC [+] [02:16]
assbot [GLBSE] [YABMC] 51 @ 0.13 = 6.63 BTC [+] [02:16]
assbot [GLBSE] [YABMC] 3 @ 0.1329 = 0.3987 BTC [+] [02:16]
assbot [MPEX] [S.MPOE] 30474 @ 0.00039009 = 11.8876 BTC [-] [02:18]
assbot [GLBSE] [SS] 3 @ 1.8 = 5.4 BTC [+] [02:20]
assbot [GLBSE] [TEEK.USD] 40 @ 0.0899 = 3.596 BTC [+] [02:20]
assbot [GLBSE] [BITBOND] 9 @ 0.3099 = 2.7891 BTC [-] [02:21]
assbot [GLBSE] [FOO.PPPPT] 3 @ 0.85 = 2.55 BTC [+] [02:22]
* Eighth_Paradox (Eighth_Par@cpc9-colc7-2-0-cust473.7-4.cable.virginmedia.com) has left #bitcoin-assets [02:25]
* sgornick has quit (Ping timeout: 246 seconds) [02:27]
assbot [MPEX] [S.MPOE] 6226 @ 0.00038562 = 2.4009 BTC [-] [02:28]
assbot [MPEX] [S.MPOE] 12800 @ 0.00039151 = 5.0113 BTC [+] [02:28]
assbot [MPEX] [S.MPOE] 20437 @ 0.00039578 = 8.0886 BTC [+] [02:28]
assbot [GLBSE] [OBSI.HRPT] 2 @ 0.1 = 0.2 BTC [+] [02:29]
kakobrekla anyone wants to break this http://smpake.com/etc/insta/ [02:35]
mircea_popescu interesting kakobrekla [02:35]
* sgornick (~steve@unaffiliated/sgornick) has joined #bitcoin-assets [02:36]
mircea_popescu anyone know how you obtain the results of gpg --clearsign from kleopatra ? [02:37]
assbot [GLBSE] [BITCOINMINV] 100 @ 0.115 = 11.5 BTC [-] [02:40]
assbot [GLBSE] [JAH] 1 @ 0.13 BTC [+] [02:41]
assbot [GLBSE] [DMC] 1 @ 0.054 BTC [+] [02:42]
assbot [GLBSE] [BITCOINMINV] 3 @ 0.1219999 = 0.366 BTC [+] [02:42]
assbot [GLBSE] [BITCOINMINV] 47 @ 0.1219999 = 5.734 BTC [+] [02:42]
assbot [MPEX] [S.MPOE] 19300 @ 0.00039578 = 7.6386 BTC [+] [02:44]
assbot [GLBSE] [BITCOINMINV] 3 @ 0.1219999 = 0.366 BTC [+] [02:45]
assbot [GLBSE] [BITCOINMINV] 14 @ 0.12295 = 1.7213 BTC [+] [02:46]
kakobrekla ya [02:46]
kakobrekla not interesting enough for anyone to test it [02:46]
kakobrekla :( [02:47]
assbot [GLBSE] [BITCOINMINV] 8 @ 0.12297 = 0.9838 BTC [+] [02:47]
assbot [GLBSE] [NYAN.C] 3 @ 0.987 = 2.961 BTC [-] [02:48]
assbot [MPEX] [O.BTCUSD.C200N] 12 @ 0.0734357 = 0.8812 BTC [-] [02:50]
assbot [MPEX] [O.BTCUSD.C100N] 3 @ 0.21534865 = 0.646 BTC [-] [02:50]
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Gladamas mircea_popescu: it puts it onto the clipboard [02:51]
Gladamas im pretty sure [02:51]
mircea_popescu Gladamas hm ? [02:52]
assbot [MPEX] [F.GIGA.ETF] 8700 @ 0.00093076 = 8.0976 BTC [+] [02:52]
assbot [MPEX] [F.GIGA.ETF] 8796 @ 0.00093319 = 8.2083 BTC [+] [02:52]
assbot [MPEX] [F.GIGA.ETF] 2904 @ 0.00093874 = 2.7261 BTC [+] [02:52]
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Gladamas mircea_popescu: what? [03:00]
Gladamas anyone know how you obtain the results of gpg --clearsign from kleopatra ? [03:00]
mircea_popescu ya well hum. im terying to help someone remotely and it's not looking to great [03:01]
mircea_popescu hope to avoid installing kdm ;/ [03:01]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 0.8699 = 1.7398 BTC [+] [03:02]
Gladamas ah hmm [03:02]
mircea_popescu currently i am getting something that LOOKS like the right thing [03:02]
mircea_popescu Detached signature. [03:02]
mircea_popescu but gpg dies saying that. [03:02]
mircea_popescu any ideea where the exact click has to go in the gui so that it doesn't do that, but instead makes a proper clearsigned document ? [03:03]
assbot [GLBSE] [BITBOND] 6 @ 0.3701 = 2.2206 BTC [+] [03:03]
Gladamas idk sorry [03:03]
assbot [GLBSE] [TYGRR.BOND-P] 3 @ 0.8001 = 2.4003 BTC [-] [03:05]
assbot [GLBSE] [USD] 5 @ 0.1611 = 0.8055 BTC [+] [03:05]
assbot [GLBSE] [BITBOND] 1 @ 0.3799 BTC [+] [03:05]
assbot [GLBSE] [YABMC] 2 @ 0.1349 = 0.2698 BTC [+] [03:07]
assbot [GLBSE] [TYGRR.BOND-PI] 1 @ 0.999 BTC [+] [03:09]
assbot [GLBSE] [TYGRR.BOND-PI] 2 @ 1 = 2 BTC [+] [03:10]
assbot [GLBSE] [TYGRR.BOND-PI] 46 @ 1 = 46 BTC [+] [03:10]
assbot [GLBSE] [TYGRR.BOND-PI] 122 @ 1 = 122 BTC [+] [03:10]
assbot [GLBSE] [TYGRR.BOND-PI] 1 @ 1 BTC [+] [03:10]
assbot [GLBSE] [TYGRR.BOND-PI] 45 @ 1 = 45 BTC [+] [03:10]
* Garr255 has quit (Ping timeout: 252 seconds) [03:10]
assbot [GLBSE] [TYGRR.BOND-B] 1 @ 0.1002 BTC [+] [03:10]
assbot [GLBSE] [MMM] 3 @ 0.6 = 1.8 BTC [-] [03:13]
assbot [GLBSE] [MMM] 1 @ 0.7 BTC [+] [03:14]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 0.8699 = 1.7398 BTC [+] [03:15]
mircea_popescu kakobrekla i've tried it you know. [03:15]
kakobrekla :) [03:15]
kakobrekla i think i can go public with this [03:16]
assbot [GLBSE] [BITCOINMINV] 25 @ 0.115 = 2.875 BTC [-] [03:16]
kakobrekla just bump the fee up [03:16]
kakobrekla and limits [03:16]
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assbot [GLBSE] [YABMC] 1 @ 0.1349 BTC [+] [03:17]
mircea_popescu does it work ? [03:18]
mircea_popescu cool! [03:18]
assbot [MPEX] [S.MPOE] 32400 @ 0.00038144 = 12.3587 BTC [-] [03:18]
kakobrekla yup [03:18]
kakobrekla zipconf didnt manage to handle what kakobrekla handles in a few hours :p [03:19]
mircea_popescu lolz [03:20]
mircea_popescu its how it goes. [03:20]
rdponticelli kakobrekla: So, can you handle zip.a? [03:21]
rdponticelli :D [03:21]
kakobrekla umm zipconf is the zip.a? [03:24]
kakobrekla i got whippin 15btc of funds for this on gox [03:25]
rdponticelli Yes. zip.a is the bond that zipconf released... [03:25]
kakobrekla to back the heavy traffic im getting [03:25]
kakobrekla hehe [03:25]
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rdponticelli lol [03:25]
rdponticelli Well, you're just starting [03:26]
kakobrekla whats a fair fee for this [03:26]
rdponticelli But I have no doubt you'll make it better than zipconf... [03:26]
kakobrekla nanotube charges 1% for manual afaik [03:26]
kakobrekla as far as i can see its already better since its has at least one working function [03:27]
kakobrekla but yeah i wont brang with this now [03:27]
mircea_popescu lolz! [03:27]
kakobrekla lol [03:27]
kakobrekla brag* [03:27]
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assbot [GLBSE] [CPA] 1 @ 0.10098 BTC [+] [03:28]
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assbot [GLBSE] [BTCS] 76 @ 0.011 = 0.836 BTC [+] [03:31]
* Fantoma (~TransistO@bas2-quebec03-1242536984.dsl.bell.ca) has joined #bitcoin-assets [03:31]
assbot [MPEX] [S.MPOE] 5963 @ 0.00039578 = 2.36 BTC [+] [03:31]
assbot [MPEX] [S.MPOE] 42300 @ 0.00039606 = 16.7533 BTC [+] [03:31]
assbot [MPEX] [S.MPOE] 7996 @ 0.00039606 = 3.1669 BTC [+] [03:32]
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* Garr255 has quit (Ping timeout: 260 seconds) [03:35]
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MadSweeney no! the btc price is go back up. mpex fee is getting less cheaper. heh [03:40]
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MadSweeney *going [03:41]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 0.8001 = 1.6002 BTC [-] [03:42]
* MadSweeney is thinking if btc crashes some more he can afford the 20 btc fee of mpex [03:43]
kakobrekla ;;ticker [03:49]
gribble Best bid: 9.00147, Best ask: 9.05, Bid-ask spread: 0.04853, Last trade: 9.05, 24 hour volume: 255369, 24 hour low: 7.58, 24 hour high: 11.56192 [03:49]
assbot [GLBSE] [TYGRR.BOND-PI] 32 @ 1 = 32 BTC [+] [03:49]
mircea_popescu ok, i got the earth shattering announcement of the year i think. [03:50]
mircea_popescu http://polimedia.us/bitcoin/mpex.php?mpsic=S.DICE [03:50]
mircea_popescu satoshidice is going up for ipo, you can put bids in. shares will go out starting on the 24th midnight gmt. [03:51]
assbot [GLBSE] [TYGRR.BOND-P] 1 @ 0.8002 BTC [+] [03:51]
* dvide has quit () [03:51]
rg bout fucking time [03:54]
rg mircea took some god damn initiative [03:55]
rg and got some more people luisted [03:55]
assbot [MPEX] [O.BTCUSD.P130T] 10 @ 0.43777349 = 4.3777 BTC [+] [03:55]
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assbot [MPEX] [O.BTCUSD.P120T] 10 @ 0.32694476 = 3.2694 BTC [+] [03:55]
assbot [MPEX] [O.BTCUSD.P110T] 10 @ 0.21611603 = 2.1612 BTC [+] [03:56]
mircea_popescu rg the thing is huge. [03:57]
mircea_popescu you should see their prospectus. did you know they do 2/3 OF ALL BTC TRANSACTIONS ? [03:57]
assbot [MPEX] [O.BTCUSD.P100T] 10 @ 0.12611388 = 1.2611 BTC [+] [03:58]
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assbot [MPEX] [O.BTCUSD.C110N] 1 @ 0.17498433 BTC [-] [04:00]
assbot [GLBSE] [OBSI.HRPT] 2 @ 0.1 = 0.2 BTC [+] [04:01]
assbot [GLBSE] [ASICMINER] 2 @ 0.08120001 = 0.1624 BTC [-] [04:01]
rg shrug [04:03]
rg what do they even need to invest for [04:03]
rg their costs must be close to 0 [04:03]
mircea_popescu apparently, print campaign in euro magazines [04:03]
mircea_popescu which actually would be great for btc. [04:03]
rg Tired of not being able to manipulate the stock market cause of market guidelines? [04:04]
rg Then you need BITCOIN [04:04]
mircea_popescu ehehe [04:04]
mircea_popescu MadSweeney haha it's pretty cheap already neh ? :D [04:06]
assbot [GLBSE] [OBSI.HRPT] 100 @ 0.1 = 10 BTC [+] [04:11]
MadSweeney i could sure use options for hedging my BTCPHP exchange service [04:17]
mircea_popescu it cant possibly not be worth it for you then [04:17]
assbot [MPEX] [F.GIGA.ETF] 1296 @ 0.00093874 = 1.2166 BTC [+] [04:24]
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* BTC-Mining (BTC-Mining@modemcable037.34-22-96.mc.videotron.ca) has joined #bitcoin-assets [04:34]
Doffx I think you should open up sign-ups again for the site. [04:34]
Doffx How about a discount window at 5BTC to join [04:35]
Doffx I want to use Mpex hehe [04:35]
mircea_popescu :D [04:36]
assbot [MPEX] [S.MPOE] 44700 @ 0.00039183 = 17.5148 BTC [-] [04:36]
assbot [MPEX] [S.MPOE] 4720 @ 0.00039347 = 1.8572 BTC [+] [04:36]
assbot [MPEX] [S.MPOE] 5340 @ 0.00039606 = 2.115 BTC [+] [04:36]
mircea_popescu actually the fee was scheduled to go to 50 btc once volume passes 50k [04:37]
Doffx I still understand how to use the option you have listed yet, I need an example of someone placing an actual order with instruments you have listed. [04:37]
mircea_popescu i passed on that because btc had gone to 15, but if it stays at 7 im prolly going to do it. [04:37]
mircea_popescu doffx you mean the gpg part is the problem ? [04:37]
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Doffx No that part is easy [04:37]
mircea_popescu ok. then ? [04:37]
Doffx I just get what your doing with the option yet [04:37]
Doffx For example if I bought 5 O.BTCUSD.C010 at the 24 hour rate [04:38]
Doffx When it ends what would I get right now [04:38]
mircea_popescu what do you mean at the 24 hour rate. [04:38]
mircea_popescu nono. all options expire on the last friday of their month [04:38]
mircea_popescu currently T expire on 31th of august [04:38]
mircea_popescu N on 28th of september. [04:38]
Doffx Ok, so is possible to purchase a call say today [04:39]
Doffx And when it expires what exactly does that mean [04:39]
Doffx Remember im completly new to options and im sorry if my lack of understanding is frustrating :) [04:40]
Doffx If I dont ask any questions ill never get it though. [04:40]
mircea_popescu ok, np. [04:41]
mircea_popescu so, you buy 1 O.BTCUSD.C050T. [04:41]
mircea_popescu at any point up until the 31st of august the value of this option is current btc price - 5 / current btc price. [04:41]
mircea_popescu so if price is say 12. value is 12 - 5 / 12 = 0.58333 btc [04:42]
mircea_popescu say price is 6. 6 - 5 / 6 = 0.16666 [04:42]
mircea_popescu say price is 45. 45 - 5 / 45 = 0.8888 [04:42]
mircea_popescu and so on. [04:42]
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assbot [MPEX] [S.MPOE] 19354 @ 0.00039606 = 7.6653 BTC [+] [04:43]
assbot [MPEX] [S.MPOE] 37846 @ 0.0003963 = 14.9984 BTC [+] [04:43]
mircea_popescu puts go the other way, strike - price / price. [04:43]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 0.8001 = 3.2004 BTC [-] [04:43]
assbot [GLBSE] [TYGRR.BOND-P] 56 @ 0.8 = 44.8 BTC [-] [04:43]
sgnb where do you take cuurent price? mtgox? [04:43]
mircea_popescu that make any sense ? [04:43]
mircea_popescu current price is published by bitcoincharts, as the 24 hour average [04:44]
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Doffx yes that did, that seems like a pretty safe bet though [04:44]
mircea_popescu http://bitcoincharts.com/markets/currencies/ here [04:44]
mircea_popescu scroll down a little. [04:44]
Doffx how do you lose on that? [04:44]
mircea_popescu well if it goes the right way you win, if it goes the wrong way you lose. [04:44]
mircea_popescu you can never lose more than what you paid tho, which is the great appeal of options. [04:44]
mircea_popescu there's no forced liquidations etc. [04:45]
assbot [MPEX] [S.MPOE] 24200 @ 0.00038303 = 9.2693 BTC [-] [04:45]
BTC-Mining so the loss/win is proportional to price change? [04:46]
Doffx Im still confused on a couple parts [04:46]
mircea_popescu BTC-Mining well, the further in the money an option is the less selective it is. most gain is for close and out of money options. [04:47]
mircea_popescu Doffx shoot [04:47]
Doffx Trying to come up with the right question. [04:47]
BTC-Mining I don't get it at all [04:47]
Doffx Ok using the example you gave [04:47]
BTC-Mining What's the difference it makes over just selling/buying BTC? [04:47]
mircea_popescu BTC-Mining say price is 10. a C110T is worth very little. [04:48]
BTC-Mining aye [04:48]
Doffx I see that I can currently buy in at 0.54356433 someone selling 1000 [04:48]
mircea_popescu if price moves to say 15, the C110T is now worth 4/15 which is significant. it went up maybe 1000% [04:48]
mircea_popescu Doffx that's the bot. [04:48]
mircea_popescu BTC-Mining on the other hand, a C020T moves little in value over the same 11 - 15 price change. [04:48]
BTC-Mining Sounds kind of like leveraged trading... [04:49]
mircea_popescu well it can be used that way. [04:49]
mircea_popescu there's a forum link which goesthrough strategies, did i ever give you it ? [04:49]
BTC-Mining not sure, but I don't really want to try options or pay the fee for mpex [04:50]
mircea_popescu hehe well then k. [04:50]
Doffx Id pay the fee if I could figure out how exactly its going to benefit me. [04:50]
mircea_popescu well point in case Doffx : [04:51]
mircea_popescu lemme look in the logs [04:51]
Doffx The last part helped me, now I just dont understand if I purchase at that price what it does [04:51]
mircea_popescu Aug 19 14:11:12 [MPEX] [O.BTCUSD.P100T] 1000 @ 0.07120175 = 71.2018 BTC [+] [04:51]
mircea_popescu how much does P100T sell for now ? [04:51]
Doffx 0.06233950 [04:52]
mircea_popescu mno [04:52]
assbot [GLBSE] [TYGRR.BOND-PI] 12 @ 1 = 12 BTC [+] [04:52]
mircea_popescu O.BTCUSD.P100T 0.12878070 [04:52]
mircea_popescu .py (0.12878070 - 0.0712017) * 1000 [04:52]
markac 57.579 [04:52]
mircea_popescu that guy made 57btc. [04:52]
Doffx Where did you get the .128 from? [04:52]
Doffx Oh duh I picked T [04:52]
mircea_popescu from the page. search on it for O.BTCUSD.P100T [04:53]
mircea_popescu .py 57.579 / 71.2018 [04:53]
markac 0.808673376235 [04:53]
mircea_popescu that's an 80% profit in what, 12 hours ? [04:53]
assbot [MPEX] [S.MPOE] 10854 @ 0.0003963 = 4.3014 BTC [+] [04:54]
assbot [MPEX] [S.MPOE] 29463 @ 0.0003965 = 11.6821 BTC [+] [04:54]
Doffx Ok I looked at C [04:54]
mircea_popescu yea [04:54]
mircea_popescu C went to shit cause price went down. when price goes up C is good P is bad. when price goes down the reverse. [04:54]
assbot [GLBSE] [MMM] 6 @ 0.7 = 4.2 BTC [+] [04:55]
mircea_popescu and for all the hee-hawing there's absolutely no other place to make 50 bitcoin. [04:55]
mircea_popescu sure, you can futz around make 10% over 10 btc or whatever. [04:55]
mircea_popescu takes 50 of those. [04:55]
BTC-Mining I made 40 BTC trading on MtGox with 320 BTC recently =/ [04:56]
BTC-Mining Only 12.5% profit [04:56]
mircea_popescu myea. of course this means things can also go badly fast, so it's a mixed blessing. [04:58]
MadSweeney if I had bought that P100T option, I've hedged the 100 btc I purchased @ $12 last week [04:58]
mircea_popescu MadSweeney that'd work yea. ideally options are used to hegde, not to try and shoot the 80% return. [04:58]
mircea_popescu these rarely work. [04:58]
Doffx Ok its starting to come together now [04:58]
MadSweeney I'm sold. I need this for my btc business [05:01]
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mircea_popescu do you know about pympex ? [05:01]
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MadSweeney the python script for mpex interface? [05:02]
mircea_popescu yeah. makes things easier [05:02]
mircea_popescu well, if you have python at least. [05:03]
assbot [MPEX] [F.GIGA.ETF] 4200 @ 0.00096367 = 4.0474 BTC [+] [05:03]
assbot [GLBSE] [BDT] 1 @ 1.01 BTC [-] [05:04]
assbot [GLBSE] [BDT] 56 @ 1 = 56 BTC [-] [05:04]
Doffx mircea_popescu, let me try and use this example and see if you can help me [05:04]
mircea_popescu sure. [05:04]
Doffx Right now there is a sell qty of 20 [05:04]
Doffx at 0.19110000 [05:04]
Doffx Lets says I bought that 20 [05:04]
mircea_popescu yea [05:04]
Doffx And it expired on the 31st at 8.91 btc price [05:05]
Doffx How much do you make [05:05]
mircea_popescu 100 - 8.91 / 8.91 = 0.12233445 [05:06]
mircea_popescu ;;ticker [05:06]
gribble Best bid: 8.87, Best ask: 8.9704, Bid-ask spread: 0.10040, Last trade: 8.87, 24 hour volume: 261515, 24 hour low: 7.58, 24 hour high: 11.199 [05:07]
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Doffx Maybe i'm not getting what this 0.19110000 correlates to. [05:08]
assbot [GLBSE] [BDT] 100 @ 1 = 100 BTC [-] [05:09]
Doffx Im seeing it as buying 20 at 3.822 btc [05:09]
mircea_popescu yea. [05:11]
Doffx Where is the 20 in that math I guess is the question [05:12]
mircea_popescu so you buy 20 at 19, for 3.822 [05:13]
mircea_popescu and have 20 worth 1222 so 2.444 [05:13]
mircea_popescu net loss ~1.4 [05:13]
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Doffx Ohh!!! [05:14]
mircea_popescu the price is 8.87 . if the price moves up (to 8.91 in your example) puts lose money. [05:14]
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gabbynot ;;bids 8 [05:19]
gribble Error: Failure to retrieve order book data. Try again later. [05:19]
mircea_popescu it's been borkt. [05:20]
Doffx Ok, lets see then. [05:21]
Doffx So I basically want to buy in and hope the price goes lower [05:21]
mircea_popescu if you think the price goes lower you buy puts [05:22]
mircea_popescu if you think it goes higher you buy calls [05:22]
mircea_popescu if you think it doesn't move you sell either/both. [05:22]
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assbot [MPEX] [S.MPOE] 52700 @ 0.00039338 = 20.7311 BTC [-] [05:22]
assbot [MPEX] [S.MPOE] 7684 @ 0.00039338 = 3.0227 BTC [-] [05:24]
assbot [MPEX] [S.MPOE] 14116 @ 0.0003965 = 5.597 BTC [+] [05:24]
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assbot [MPEX] [S.MPOE] 1617751 @ 0.0003965 = 641.4383 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 16268 @ 0.00039686 = 6.4561 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 48200 @ 0.00039691 = 19.1311 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 2700 @ 0.00039703 = 1.072 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 43200 @ 0.00039786 = 17.1876 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 18112 @ 0.00039851 = 7.2178 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 59908 @ 0.00039872 = 23.8865 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 7200 @ 0.00039896 = 2.8725 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 32838 @ 0.00039947 = 13.1178 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 22339 @ 0.00039974 = 8.9298 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 1629 @ 0.00039992 = 0.6515 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 53645 @ 0.00040003 = 21.4596 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 33500 @ 0.00040004 = 13.4013 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 5276 @ 0.00040044 = 2.1127 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 29600 @ 0.00040092 = 11.8672 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 5054 @ 0.00040109 = 2.0271 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 52197 @ 0.00040121 = 20.942 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 36800 @ 0.00040127 = 14.7667 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 20200 @ 0.00040128 = 8.1059 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 46600 @ 0.00040135 = 18.7029 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 54542 @ 0.00040151 = 21.8992 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 36600 @ 0.00040156 = 14.6971 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 6400 @ 0.00040164 = 2.5705 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 57000 @ 0.00040178 = 22.9015 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 29800 @ 0.00040179 = 11.9733 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 46258 @ 0.0004018 = 18.5865 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 29300 @ 0.00040215 = 11.783 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 48026 @ 0.00040237 = 19.3242 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 1100 @ 0.00040274 = 0.443 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 24300 @ 0.0004028 = 9.788 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 4012 @ 0.00040283 = 1.6162 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 56000 @ 0.0004033 = 22.5848 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 19700 @ 0.00040331 = 7.9452 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 7174 @ 0.00040349 = 2.8946 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 43179 @ 0.00040352 = 17.4236 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 11498 @ 0.00040385 = 4.6435 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 40400 @ 0.00040397 = 16.3204 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 50592 @ 0.0004042 = 20.4493 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 12000 @ 0.00040428 = 4.8514 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 6331 @ 0.00040471 = 2.5622 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 58485 @ 0.00040478 = 23.6736 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 13900 @ 0.00040489 = 5.628 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 42600 @ 0.00040495 = 17.2509 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 47649 @ 0.0004052 = 19.3074 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 50800 @ 0.00040566 = 20.6075 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 8440 @ 0.00040569 = 3.424 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 27900 @ 0.00040632 = 11.3363 BTC [+] [05:26]
assbot [MPEX] [S.MPOE] 12997 @ 0.0004066 = 5.2846 BTC [+] [05:26]
assbot [GLBSE] [ASICMINER] 2 @ 0.0999 = 0.1998 BTC [+] [05:27]
assbot [GLBSE] [ASICMINER] 18 @ 0.1 = 1.8 BTC [+] [05:27]
assbot [GLBSE] [BTC-MINING] 6 @ 0.99991 = 5.9995 BTC [+] [05:29]
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assbot [GLBSE] [GIGAMINING] 4 @ 1.0344 = 4.1376 BTC [+] [05:33]
assbot [GLBSE] [GIGAMINING] 6 @ 1.0345 = 6.207 BTC [+] [05:33]
assbot [GLBSE] [PUREMINING] 11 @ 0.13879997 = 1.5268 BTC [+] [05:36]
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* blazing has quit (Ping timeout: 240 seconds) [05:51]
assbot [MPEX] [S.MPOE] 31300 @ 0.00038543 = 12.064 BTC [-] [05:51]
assbot [MPEX] [S.MPOE] 22500 @ 0.00038303 = 8.6182 BTC [-] [05:51]
* rdponticelli_ (~rdpontice@200-081-038-083.wireless.movistar.net.ar) has joined #bitcoin-assets [05:53]
assbot [GLBSE] [BLUECHIP] 1 @ 0.1 BTC [05:53]
* rdponticelli has quit (Ping timeout: 260 seconds) [05:54]
assbot [GLBSE] [OBSI.HRPT] 80 @ 0.101 = 8.08 BTC [+] [05:55]
* blazing (~lew@38.105.29.72) has joined #bitcoin-assets [05:55]
assbot [GLBSE] [ASICMINER] 5 @ 0.0999999 = 0.5 BTC [-] [05:55]
assbot [GLBSE] [BDK.BND] 15 @ 0.10275 = 1.5413 BTC [+] [05:57]
assbot [MPEX] [S.MPOE] 15534 @ 0.00039644 = 6.1583 BTC [+] [05:58]
* Anduck has quit (Ping timeout: 245 seconds) [06:01]
assbot [MPEX] [S.MPOE] 13460 @ 0.00039644 = 5.3361 BTC [+] [06:02]
assbot [MPEX] [S.MPOE] 4840 @ 0.0004066 = 1.9679 BTC [+] [06:02]
dub https://mtgox.com/api/2/money/order/lag [06:03]
dub laggy gox [06:03]
dub oh, is all over the place, ignore me [06:04]
assbot [MPEX] [O.BTCUSD.P090T] 30 @ 0.07369664 = 2.2109 BTC [+] [06:06]
assbot [MPEX] [O.BTCUSD.P130T] 700 @ 0.45062319 = 315.4362 BTC [+] [06:08]
assbot [MPEX] [O.BTCUSD.P120T] 1000 @ 0.33880603 = 338.806 BTC [+] [06:08]
assbot [MPEX] [O.BTCUSD.P100T] 10 @ 0.13147473 = 1.3147 BTC [+] [06:08]
assbot [MPEX] [O.BTCUSD.P110T] 1000 @ 0.22698886 = 226.9889 BTC [+] [06:09]
assbot [MPEX] [O.BTCUSD.P100T] 990 @ 0.13147473 = 130.16 BTC [+] [06:09]
assbot [MPEX] [O.BTCUSD.P100T] 3 @ 0.0384505 = 0.1154 BTC [-] [06:09]
assbot [MPEX] [O.BTCUSD.P100T] 7 @ 0.03647292 = 0.2553 BTC [-] [06:09]
assbot [MPEX] [O.BTCUSD.P090T] 970 @ 0.07369664 = 71.4857 BTC [+] [06:09]
assbot [MPEX] [O.BTCUSD.P090T] 30 @ 0.02035762 = 0.6107 BTC [-] [06:09]
assbot [MPEX] [O.BTCUSD.P110T] 1000 @ 0.22425251 = 224.2525 BTC [-] [06:11]
* Gladamas has quit (Ping timeout: 240 seconds) [06:12]
assbot [MPEX] [O.BTCUSD.P100T] 1000 @ 0.13000185 = 130.0019 BTC [+] [06:12]
mircea_popescu ;;ticker [06:12]
gribble Best bid: 9.98001, Best ask: 10.11634, Bid-ask spread: 0.13633, Last trade: 9.98001, 24 hour volume: 281854, 24 hour low: 7.58, 24 hour high: 11.19796 [06:12]
mircea_popescu ahahaha so that's what's going on eh [06:12]
assbot [MPEX] [F.GIGA.ETF] 700 @ 0.00096367 = 0.6746 BTC [+] [06:13]
assbot [MPEX] [S.MPOE] 2500 @ 0.00038303 = 0.9576 BTC [-] [06:14]
assbot [MPEX] [S.MPOE] 26900 @ 0.00038144 = 10.2607 BTC [-] [06:14]
assbot [MPEX] [S.MPOE] 10200 @ 0.00037892 = 3.865 BTC [-] [06:14]
assbot [MPEX] [O.BTCUSD.C100T] 5 @ 0.03939127 = 0.197 BTC [-] [06:15]
* [7] has quit (Disconnected by services) [06:18]
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* rdponticelli_ has quit (Ping timeout: 260 seconds) [06:19]
assbot [GLBSE] [GIPPT] 3 @ 0.98 = 2.94 BTC [+] [06:20]
assbot [MPEX] [S.MPOE] 54800 @ 0.00039899 = 21.8647 BTC [+] [06:21]
assbot [MPEX] [O.BTCUSD.P100T] 1000 @ 0.12997385 = 129.9739 BTC [-] [06:22]
assbot [GLBSE] [BIF.1YR.LOAN] 1 @ 0.96153845 BTC [+] [06:22]
assbot [GLBSE] [OBSI.HRPT] 35 @ 0.101 = 3.535 BTC [+] [06:22]
assbot [MPEX] [O.BTCUSD.P090T] 80 @ 0.07265773 = 5.8126 BTC [+] [06:23]
assbot [MPEX] [O.BTCUSD.C130T] 24 @ 0.00174443 = 0.0419 BTC [-] [06:25]
assbot [MPEX] [O.BTCUSD.C120T] 1 @ 0.00552883 BTC [-] [06:25]
assbot [MPEX] [O.BTCUSD.C120T] 14 @ 0.00530488 = 0.0743 BTC [-] [06:25]
assbot [MPEX] [O.BTCUSD.C150T] 14 @ 0.02187766 = 0.3063 BTC [-] [06:25]
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assbot [GLBSE] [NYAN] 3 @ 0.999 = 2.997 BTC [-] [06:26]
assbot [GLBSE] [PUREMINING] 6 @ 0.13859996 = 0.8316 BTC [-] [06:27]
Doffx ;;ticker [06:28]
gribble Best bid: 9.55, Best ask: 9.63407, Bid-ask spread: 0.08407, Last trade: 9.63407, 24 hour volume: 279204, 24 hour low: 7.58, 24 hour high: 11.00382 [06:28]
assbot [GLBSE] [ZETA-MINING] 1 @ 0.18399 BTC [+] [06:28]
Doffx ;;bc,24hprc [06:28]
gribble 8.99 [06:28]
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assbot [MPEX] [F.GIGA.ETF] 2600 @ 0.00098405 = 2.5585 BTC [+] [06:34]
assbot [MPEX] [O.BTCUSD.P100T] 46 @ 0.12994861 = 5.9776 BTC [-] [06:35]
* pickett_ (~pickett@gateway/tor-sasl/pickett) has joined #bitcoin-assets [06:39]
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assbot [MPEX] [S.MPOE] 31200 @ 0.00037892 = 11.8223 BTC [-] [06:43]
assbot [MPEX] [S.MPOE] 1086 @ 0.00037385 = 0.406 BTC [-] [06:43]
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assbot [MPEX] [S.MPOE] 12344 @ 0.00037164 = 4.5875 BTC [-] [06:46]
* Now talking on #bitcoin-assets [06:48]
* Topic for #bitcoin-assets is: Bitcoin assets and securities discussion. || Bitcoin asset exchanges: GLBSE https://glbse.com || MPEx http://polimedia.us/mpex || CST https://cryptostocks.com || list bot commands: !help || Streaming trades only: #bitcoin-assets-trades [06:48]
* Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Tue Aug 14 22:29:27 2012 [06:48]
* Shaded (~Shaded@unaffiliated/shaded) has joined #bitcoin-assets [06:49]
assbot [GLBSE] [BBBB] 10 @ 0.00028 = 0.0028 BTC [+] [06:54]
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assbot [GLBSE] [BITNODES] 8 @ 0.243 = 1.944 BTC [+] [06:56]
* patrickharnett has quit (Quit: Page closed) [07:02]
assbot [GLBSE] [OBSI.HRPT] 10 @ 0.101 = 1.01 BTC [+] [07:05]
assbot [GLBSE] [ASICMINER] 2 @ 0.0999999 = 0.2 BTC [-] [07:05]
assbot [GLBSE] [DMC] 9 @ 0.054 = 0.486 BTC [+] [07:06]
assbot [GLBSE] [OBSI.HRPT] 6 @ 0.101 = 0.606 BTC [+] [07:07]
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assbot [MPEX] [F.GIGA.ETF] 10025 @ 0.00098405 = 9.8651 BTC [+] [07:23]
assbot [MPEX] [F.GIGA.ETF] 875 @ 0.00099532 = 0.8709 BTC [+] [07:23]
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* Gladamas has quit (Ping timeout: 240 seconds) [07:27]
assbot [GLBSE] [NYAN.C] 2 @ 0.9499 = 1.8998 BTC [-] [07:29]
* Gladamas_ is now known as Gladamas [07:30]
assbot [GLBSE] [TYGRR.BOND-P] 8 @ 0.8589 = 6.8712 BTC [+] [07:30]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 0.859 = 1.718 BTC [+] [07:30]
* Gladamas has quit (Client Quit) [07:30]
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* softwareseller is now known as Guest64873 [07:32]
assbot [GLBSE] [ASICMINER] 5 @ 0.0999999 = 0.5 BTC [-] [07:32]
* Guest64873 has quit (Client Quit) [07:34]
assbot [MPEX] [S.MPOE] 13500 @ 0.00039081 = 5.2759 BTC [+] [07:34]
assbot [GLBSE] [ASICMINER] 22 @ 0.0999999 = 2.2 BTC [-] [07:34]
assbot [GLBSE] [OBSI.HRPT] 2 @ 0.101 = 0.202 BTC [+] [07:34]
* Gladamas (~Gladamas@31.7.56.170) has joined #bitcoin-assets [07:35]
assbot [GLBSE] [BLUECHIP] 1 @ 0.1 BTC [07:35]
* da2ce772 (~da2ce7@opentransactions/dev/da2ce7) has joined #bitcoin-assets [07:42]
assbot [GLBSE] [TEEK.A] 50 @ 0.91 = 45.5 BTC [-] [07:42]
* Doffx has quit (Quit: Leaving) [07:43]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 0.8599 = 1.7198 BTC [+] [07:44]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 0.86 = 3.44 BTC [+] [07:44]
* safra (~dan@46-116-186-227.bb.netvision.net.il) has joined #bitcoin-assets [07:46]
assbot [GLBSE] [TYGRR.BOND-P] 7 @ 0.87 = 6.09 BTC [+] [07:48]
assbot [GLBSE] [MMM] 4 @ 0.7 = 2.8 BTC [+] [07:51]
BTC-Mining https://glbse.com/asset/view/KRAKEN IPO now live, passthru for Patrick Harnett's fund [07:52]
mircea_popescu cool beans. [07:52]
BTCHero he wasn't taking new deposits right??? [07:52]
BTC-Mining Nope [07:52]
mircea_popescu i thought he was. [07:52]
BTC-Mining He limited it to 25 accounts for now [07:53]
mircea_popescu o he did ? when ? [07:53]
BTCHero so you are just doing what you have? [07:53]
BTC-Mining On his thread [07:53]
BTCHero because it sounded like he wasn't taking more btc or more accounts at the moment [07:53]
BTC-Mining I already have the account + capacity [07:54]
assbot [GLBSE] [KRAKEN] 1 @ 0.01 BTC [07:54]
bitfoo (first!) [07:54]
BTC-Mining Internet Commenters [07:55]
assbot [GLBSE] [TYGRR.BOND-P] 1 @ 0.87 BTC [+] [07:55]
BTC-Mining ... [07:55]
bitfoo heh [07:55]
* OneMiner has quit (Ping timeout: 272 seconds) [07:55]
assbot [GLBSE] [KRAKEN] 10 @ 0.01 = 0.1 BTC [07:57]
BTCHero biggest [07:57]
bitfoo haha [07:57]
bitfoo you should announce it on the kraken thread [07:58]
bitfoo there were lots of people clamoring for accounts there [07:58]
assbot [GLBSE] [BLUECHIP] 25 @ 0.1 = 2.5 BTC [07:58]
BTCHero I have 2 accounts [07:58]
BTCHero take that [07:58]
assbot [GLBSE] [BDT] 8 @ 1 = 8 BTC [-] [07:58]
bitfoo why 2? [07:58]
BTCHero one pays me weekly one reinvests [07:59]
* da2ce772 has quit (Ping timeout: 276 seconds) [07:59]
bitfoo ah [07:59]
BTCHero im bothersome like that [07:59]
bitfoo I thought there was no reinvesting [07:59]
assbot [GLBSE] [FUTUREFUND] 20 @ 0.0001165 = 0.0023 BTC [-] [07:59]
BTCHero it reinvests by default i think [07:59]
bitfoo "Returns will be paid weekly (currently planning on Fridays) - no compounding or automatic reinvestment." [07:59]
BTCHero well, i don't know what to say [08:00]
bitfoo heh [08:00]
bitfoo you got the hookup [08:00]
BTCHero because i don't get paid, i just watch the balance go up :) [08:00]
BTCHero and he gave me 5 free btc once [08:00]
assbot [GLBSE] [FUTUREFUND] 100 @ 0.000117 = 0.0117 BTC [+] [08:00]
BTCHero so take that too [08:00]
bitfoo lol [08:00]
* da2ce772 (~da2ce7@opentransactions/dev/da2ce7) has joined #bitcoin-assets [08:01]
mircea_popescu lol pretty sweet. [08:01]
mircea_popescu i got an acct maybe a week ago, so i dunno. maybe it's new this closure. [08:01]
BTCHero he said he would reasses after things settle down [08:02]
* farfi has quit () [08:02]
mircea_popescu i imagine a lot of pressure from pirate [08:03]
assbot [MPEX] [S.MPOE] 6100 @ 0.00039081 = 2.3839 BTC [+] [08:07]
assbot [MPEX] [S.MPOE] 7128 @ 0.00039899 = 2.844 BTC [+] [08:07]
assbot [MPEX] [S.MPOE] 966 @ 0.00040596 = 0.3922 BTC [+] [08:07]
assbot [MPEX] [S.MPOE] 26606 @ 0.00040643 = 10.8135 BTC [+] [08:07]
bitfoo BTC-Mining: your pass through has limited space right? [08:08]
bitfoo or does it keep expanding? [08:08]
BTC-Mining limited space [08:10]
assbot [GLBSE] [NASTY] 1 @ 0.5999 BTC [+] [08:10]
BTC-Mining Patrick said a 1000 BTC limit for now [08:10]
BTC-Mining So that's what is available [08:11]
bitfoo ok, thanks [08:11]
assbot [GLBSE] [ARS] 150 @ 0.01 = 1.5 BTC [-] [08:13]
BTCHero By default, accounts are compounding. For accounts greater than 10 BTC a weekly interest payout option is available. [08:15]
BTCHero lol nevermind [08:15]
bitfoo I guess we're not talking about the same thing? [08:15]
BTCHero nope [08:16]
BTCHero sorry about that [08:16]
bitfoo hehe, np [08:16]
bitfoo oh, that's starfish bcb [08:16]
BTCHero yeah, i am out of the loop [08:18]
assbot [GLBSE] [KRAKEN] 2500 @ 0.01 = 25 BTC [08:18]
BTCHero time to buy more kraken [08:18]
assbot [GLBSE] [KRAKEN] 49 @ 0.01 = 0.49 BTC [08:19]
BTCHero BTC-Mining: are you going to put up a bid wall or anything to improve liquidity? [08:21]
BTC-Mining Hmm... [08:21]
BTC-Mining Maybe I could do that, yes [08:21]
BTCHero I don't care, just wondering [08:21]
BTC-Mining But probably not full price, I would need to get that covered with my own BTC [08:22]
BTC-Mining I suppose maybe a bidwall at 95% would prevent price falling and give me a little bonus if someone wants out fast [08:23]
assbot [GLBSE] [PUREMINING] 9 @ 0.1385996 = 1.2474 BTC [-] [08:23]
BTC-Mining Or if you have 100 BTC worth, I can buy it back at full price on request I suppose [08:23]
BTCHero nah, im only putting ina few btc... like 11 or so more [08:24]
BTC-Mining It needs to be in 100 BTC increments however, I can only deposit/withdraw in such increments [08:24]
BTCHero ok, well maybe when i get some btc back from other investments [08:25]
mircea_popescu BTCHero well soon there will be the ability to bid w/o reserve i understand. [08:28]
BTCHero what? do you mean like buy shares with btc that aren't in my account? I don't understand [08:29]
mircea_popescu werll just put bids up [08:30]
BTCHero oh, yeah that would be cool [08:30]
BTCHero incase something sells buy this [08:30]
assbot [GLBSE] [RSM] 10 @ 0.26 = 2.6 BTC [+] [08:31]
BTC-Mining Well would allow to place as much bids as you wish based on your total amount as the max... [08:31]
BTC-Mining So I guess that would greatly reduce lack of bids [08:31]
BTCHero oh [08:31]
BTCHero Well there should be like, off the book bids that don't go on until you get dividends or sell something [08:32]
assbot [GLBSE] [ARS] 50 @ 0.01 = 0.5 BTC [-] [08:32]
BTC-Mining Ah, that too maybe... [08:33]
BTC-Mining Although I'd prefer the first option, the second being just for the heck of it [08:33]
BTC-Mining I'm raraly able to get my bids filled [08:34]
BTC-Mining rarely* [08:34]
BTCHero yeah, if pirate does pay back glbse might light on fire [08:34]
assbot [GLBSE] [PUREMINING] 2 @ 0.13869996 = 0.2774 BTC [+] [08:36]
bitfoo your passthrough will probably sell out the moment pirate returns funds [08:37]
bitfoo ...if it doesn't by then [08:37]
assbot [GLBSE] [FPGAMINING] 1 @ 0.83 BTC [-] [08:37]
assbot [GLBSE] [YABMC] 1 @ 0.1201 BTC [-] [08:37]
assbot [GLBSE] [TYGRR.BOND-P] 12 @ 0.87 = 10.44 BTC [+] [08:38]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 0.878 = 1.756 BTC [+] [08:38]
* tonikt (~tonikt@unaffiliated/tonikt) has joined #bitcoin-assets [08:39]
assbot [GLBSE] [FPGAMINING] 1 @ 0.82 BTC [-] [08:39]
BTC-Mining Eh, maybe [08:39]
BTC-Mining Patrick can't handle the kind of money Pirate handled tho [08:39]
bitfoo well, I mean the first 1000 BTC [08:40]
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assbot [GLBSE] [PUREMINING] 3 @ 0.13879997 = 0.4164 BTC [+] [08:47]
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* malignus_ has quit (Ping timeout: 245 seconds) [08:50]
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assbot [GLBSE] [BITNODES] 1 @ 0.243 BTC [+] [09:13]
assbot [MPEX] [S.MPOE] 4171 @ 0.00040464 = 1.6878 BTC [-] [09:15]
assbot [MPEX] [S.MPOE] 179 @ 0.00040507 = 0.0725 BTC [+] [09:15]
* Obsi has quit (Read error: Connection reset by peer) [09:27]
assbot [GLBSE] [GIGAMINING] 1 @ 1.035 BTC [+] [09:27]
* Chaaaang-Noi has quit (Ping timeout: 265 seconds) [09:29]
assbot [GLBSE] [NYAN.C] 2 @ 0.9499 = 1.8998 BTC [-] [09:31]
assbot [GLBSE] [KRAKEN] 800 @ 0.01 = 8 BTC [09:32]
assbot [GLBSE] [KRAKEN] 141 @ 0.01 = 1.41 BTC [09:33]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 0.877 = 1.754 BTC [-] [09:34]
assbot [GLBSE] [BTCMC] 2 @ 0.5499 = 1.0998 BTC [-] [09:34]
assbot [GLBSE] [BTCMC] 1 @ 0.55 BTC [+] [09:34]
* Obsi (~Obsi@unaffiliated/obsi) has joined #bitcoin-assets [09:37]
* btcoin (7949f848@gateway/web/freenode/ip.121.73.248.72) has joined #bitcoin-assets [09:37]
btcoin How do you buy SD shares? [09:40]
assbot [MPEX] [F.GIGA.ETF] 10600 @ 0.0009904 = 10.4982 BTC [-] [09:41]
assbot [MPEX] [F.GIGA.ETF] 3000 @ 0.00099532 = 2.986 BTC [+] [09:41]
mircea_popescu btcoin you put an order in mpex. [09:41]
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assbot [GLBSE] [YARR] 4 @ 0.921 = 3.684 BTC [-] [09:43]
assbot [GLBSE] [YARR] 2 @ 0.92000001 = 1.84 BTC [-] [09:43]
btcoin how do you do that? Confused [09:43]
mircea_popescu http://polimedia.us/bitcoin/mpex.php maybe the faq helps ? [09:43]
assbot [GLBSE] [FOO.PPPPT] 3 @ 0.85 = 2.55 BTC [+] [09:43]
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assbot [GLBSE] [NYAN.B] 150 @ 1 = 150 BTC [-] [09:44]
assbot [GLBSE] [NYAN.A] 50 @ 1 = 50 BTC [-] [09:44]
btcoin How do I put an order in mpex for SD shares? [09:45]
assbot [MPEX] [S.BVPS] 1500 @ 0.003801 = 5.7015 BTC [+] [09:45]
mircea_popescu btcoin what do you normally use to connect, pympex ? [09:45]
assbot [GLBSE] [TYGRR.BOND-P] 8 @ 0.877 = 7.016 BTC [-] [09:45]
assbot [GLBSE] [TYGRR.BOND-P] 1 @ 0.877 BTC [-] [09:46]
btcoin I dont normally do anything, I have no idea about any of whats going on on that page [09:47]
mircea_popescu a ok. well in that case you'll eiher have to read the faq/make an account [09:47]
mircea_popescu or else find someone who is willing to broker for you. [09:47]
mircea_popescu brendio used to do that i think, possibly smickles too. [09:48]
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btcoin ok, i see FAQ, looks complicated. 20BTC account fee!? OK not doing that, just wanted to buy baybe 1000 shares only. flag [09:49]
mircea_popescu yeah, it's a little more of a blue chip deal as it were. [09:49]
btcoin Yep, I mine and spend bitcoins haha, I dont know what blue chip even means :) [09:50]
mircea_popescu blue chip are these elite companies that make up the nyse stock index. [09:51]
mircea_popescu but anyway, i have a couple meetings to attend, catch you all in a little bit. [09:51]
* Now talking on #bitcoin-assets [14:09]
* Topic for #bitcoin-assets is: Bitcoin assets and securities discussion. || Bitcoin asset exchanges: GLBSE https://glbse.com || MPEx http://polimedia.us/mpex || CST https://cryptostocks.com || list bot commands: !help || Streaming trades only: #bitcoin-assets-trades [14:09]
* Topic for #bitcoin-assets set by kakobrekla!~T42@89-212-41-49.static.t-2.net at Tue Aug 14 22:29:27 2012 [14:09]
* [freenode-info] channel trolls and no channel staff around to help? please check with freenode support: http://freenode.net/faq.shtml#gettinghelp [14:09]
assbot [MPEX] [S.MPOE] 2578 @ 0.00040109 = 1.034 BTC [+] [14:09]
mircea_popescu ah hello asseteers! [14:09]
EmanuelDeOrtego 'ello m8 [14:10]
kakobrekla mornin [14:11]
kakobrekla ;;ticker [14:11]
gribble Best bid: 9.51, Best ask: 9.51989, Bid-ask spread: 0.00989, Last trade: 9.51, 24 hour volume: 282175, 24 hour low: 7.58, 24 hour high: 10.5 [14:11]
kakobrekla meh [14:12]
EmanuelDeOrtego We'll be back over 10 by the end of the week [14:12]
EmanuelDeOrtego It's a stick number [14:12]
EmanuelDeOrtego sticky* [14:12]
assbot [GLBSE] [KRAKEN] 1000 @ 0.01 = 10 BTC [14:13]
assbot [GLBSE] [TYGRR.BOND-P] 5 @ 0.85 = 4.25 BTC [+] [14:13]
mircea_popescu maybe we'll just sit right under it for the rest of the month. [14:14]
mircea_popescu https://bitcointalk.org/index.php?topic=101902.20 so amusing to read the forum [14:15]
EskimoBob pickett_: ltc PPT was closed last week and everyone was paid. But this was really small ppt fund one of the zeros was closed and paid too but I think they had the BTC available [14:15]
EmanuelDeOrtego I see no reason for it. We have that BitInstant credit card and Silk Road volume keeps going up. [14:15]
mircea_popescu wah wah i can't do math, wah wah i have no money, wah wah take me into account wah wah [14:15]
EmanuelDeOrtego Mircea: Markets are based on humans and their desires [14:15]
EmanuelDeOrtego not arbitrary numbers [14:15]
mircea_popescu if people hurt when they were being ridiculous we'd run out of drugs [14:15]
mircea_popescu EmanuelDeOrtego absolutely. [14:15]
mircea_popescu numbers are 15 to 20x forward PE for a successfull tech company that dominates its new niche [14:16]
mircea_popescu i didn't make these up, it's what they are. [14:16]
EmanuelDeOrtego Bitcoin is a little different than a tech company [14:16]
mircea_popescu no. [14:16]
mircea_popescu this personal excep[tionalism [14:17]
mircea_popescu i can't ante 100 bucks but im an investor [14:17]
mircea_popescu pffff. [14:17]
assbot [GLBSE] [TYGRR.BOND-P] 30 @ 0.8 = 24 BTC [-] [14:17]
mircea_popescu money. talks. internet personalities like the ex stock broker raising 12k nut here... they don't get a voice. [14:17]
* simonk83 has quit (Quit: Leaving.) [14:17]
EmanuelDeOrtego Try 20k tied up here. [14:17]
mircea_popescu not you, that schmuck eskimobob [14:17]
mircea_popescu but at any rate, tech early stage investment is reserved for people with millions. [14:18]
mircea_popescu 10k, 50k... that buys a new car. [14:18]
mircea_popescu maybe a new wife, if she's either well used up or else 2nd tier. [14:18]
mircea_popescu does not buy a tech comp. [14:18]
EmanuelDeOrtego You can't buy out Bitcoin without owning all the infrastructure. [14:19]
mircea_popescu what do you think "infrastructure" is ? [14:19]
EmanuelDeOrtego The miners and nodes. [14:19]
mircea_popescu you think miners are infrastructure ? bs. miners are dust. anyone can mine. mpex is infrastructure. satoshi dice is infrastructure. [14:20]
mircea_popescu the companies that make money no matter what are infrastructure. [14:20]
mircea_popescu miners make a loss no matter what. [14:20]
EmanuelDeOrtego I wish you luck with Bitcoin running off a single computer. [14:20]
EmanuelDeOrtego What makes and destroys Bitcoin in the end is its network. [14:21]
EmanuelDeOrtego As long as the network exists, a Bitcoin will be worth at least a nickel. [14:21]
mircea_popescu wherther the network exists or not, that's no longer dubious. you understand this ? [14:22]
mircea_popescu mining had value up until last year, when this point was still being established. [14:22]
EskimoBob mircea_popescu: wtf are you whining about now? Get over it and don't be a asshole. [14:22]
mircea_popescu by now it's established. mining is no longer a point of interest. [14:22]
EmanuelDeOrtego The man's fine. [14:23]
mircea_popescu there's never not going to be mining. that's done. moving on. [14:23]
EmanuelDeOrtego Anyways, there's 10 million dollars and a corporate interest away from a totally defunct Bitcoin network. [14:23]
mircea_popescu not anymore. [14:23]
mircea_popescu there's slowly growing interest FOR a surviving bitcoin network. [14:23]
EmanuelDeOrtego If that's the case, then Bitcoin is undervalued. [14:24]
mircea_popescu companies worth millions, like the couple on mpex, they have a very vested interest to fight it out. [14:24]
mircea_popescu EmanuelDeOrtego bitcoin is indubitably undervalued, even at 15. [14:24]
EskimoBob LOL, you are delusional [14:24]
mircea_popescu EskimoBob want to sue me ? [14:25]
EmanuelDeOrtego EskimoBob: then why bother with Bitcoin then? [14:25]
EskimoBob mircea_popescu: i was laughing at your "companies worth millions, like the couple on mpex" [14:26]
EmanuelDeOrtego He still has a point. [14:26]
EmanuelDeOrtego Mt. Gox and BitInstant are very profitable. [14:26]
EskimoBob sure they are but this is another story [14:27]
EmanuelDeOrtego https://glbse.com/asset/view/POLY.10.1 Someone buy. [14:27]
mircea_popescu mt gox was claiming a loss iirc. [14:27]
mircea_popescu the main difference here is this : mtgox and the pprocessors are all stuck with one foot in fiat. [14:27]
EmanuelDeOrtego Earlier. They had at least $500k in revenue this month. [14:28]
mircea_popescu neither mpoe or dice are. [14:28]
mircea_popescu if the government of X decides to close their bank accounts, they are fucked. [14:28]
mircea_popescu game over. [14:28]
assbot [GLBSE] [KRAKEN] 2500 @ 0.01 = 25 BTC [14:29]
EmanuelDeOrtego The only exchanges left after that would be SR dealers. [14:29]
EmanuelDeOrtego Totally underground. [14:29]
assbot [GLBSE] [GIGAMINING] 3 @ 1.0011 = 3.0033 BTC [-] [14:29]
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assbot [GLBSE] [TYGRR.BOND-B] 5 @ 0.1 = 0.5 BTC [-] [14:29]
mircea_popescu and... the stock exchange. and.. satoshi dice. [14:30]
EskimoBob I think Gornick has written well what BTC financing is good for [14:30]
assbot [GLBSE] [KRAKEN] 8 @ 0.01 = 0.08 BTC [14:30]
mircea_popescu those are fully insulated. [14:30]
mircea_popescu EskimoBob btc is not a companion for the bigger and better fiat. [14:31]
mircea_popescu btc is the fiat killer. it is good for EVERYTHING and will do everything. [14:31]
* simonk83 (~CARLY@unaffiliated/simonk83) has joined #bitcoin-assets [14:31]
mircea_popescu fiat can have a crum, it's company scrip. [14:31]
EskimoBob relax now. No need to start foaming again [14:31]
EmanuelDeOrtego All I know is when the Euro collapses this year [14:32]
EmanuelDeOrtego Bitcoin is going to have a good time. [14:33]
EskimoBob i like good time [14:33]
EskimoBob interesting question is, who will benefit, if EUR collapses [14:34]
mircea_popescu its quite clear who'll bemnefit. [14:34]
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nefario I think this is appropriate [14:35]
nefario http://www.quickmeme.com/meme/3qk48w/ [14:35]
nefario to the topic at hand [14:35]
kakobrekla BIH will win [14:35]
EskimoBob that was good one nefario [14:35]
EmanuelDeOrtego Lord Rothschild has all his money against Euro. [14:36]
EmanuelDeOrtego You better listen. [14:36]
kakobrekla should have said BAH (in english) [14:36]
EskimoBob i think it will be even funnier if USD bites the dust [14:36]
assbot [GLBSE] [ASICMINER] 1 @ 0.0995 BTC [-] [14:36]
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EskimoBob how long can your dear Fed's keep printing this funny money? [14:37]
assbot [GLBSE] [GIGAMINING] 3 @ 1.0499 = 3.1497 BTC [+] [14:37]
EmanuelDeOrtego As long as tax revenue comes in to pay off the interest on the lent money. [14:37]
EmanuelDeOrtego If tax revenue declines, they flush the system and start over. [14:37]
EskimoBob EmanuelDeOrtego: lets hope this gasbag Rothschild keels over soon [14:38]
assbot [GLBSE] [GIGAMINING] 1 @ 1.05 BTC [+] [14:38]
mircea_popescu dollar might collapse first. [14:38]
EmanuelDeOrtego I dunno, Euro unemployment is lower. [14:39]
EmanuelDeOrtego I am no banker but I need some guarantee of revenue before putting the presses in full swing. [14:39]
gabbynot ;; bids 9 [14:39]
gribble There are currently 16832.221 bitcoins demanded at or over 9.0 USD, worth 155111.984223 USD in total. [14:39]
EmanuelDeOrtego but I would need* [14:39]
EskimoBob dont get me wrong, I personally do not like the EUR idea at all. Especially if it's used in so many countries with so different cultures and financial backgrounds/history [14:40]
EmanuelDeOrtego Yes, I agree. [14:41]
EmanuelDeOrtego The elites are pissed off that it's not working. [14:41]
EmanuelDeOrtego They want their easily controlled economic zones. [14:42]
EmanuelDeOrtego A decentralized Europe is going to make things hard for them. [14:42]
assbot [MPEX] [F.GIGA.ETF] 3326 @ 0.00098762 = 3.2848 BTC [-] [14:42]
EskimoBob you do not have to be too sharp to understand, it will never work. I guess those so called elitist are even bigger idiots than expected [14:42]
DeaDTerra Great new everyone [14:45]
EmanuelDeOrtego They have been in power for too long and they inbreed like crazy. [14:45]
DeaDTerra no mroe avaliblity bs :D back to GLBSE V1 style [14:45]
mircea_popescu DeaDTerra what ?! [14:45]
EskimoBob "they inbreed like crazy" <- :) [14:47]
DeaDTerra No mroe avaliblity limits [14:47]
mircea_popescu o o [14:47]
DeaDTerra as long as you have the BTC in your account you can place the bid :D [14:47]
mircea_popescu yeah nefario was saying. [14:47]
nefario thats tomorrow [14:48]
EskimoBob did my new BFF DeaDTerra had good news? [14:48]
assbot [GLBSE] [DMC] 2 @ 0.042 = 0.084 BTC [-] [14:49]
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DeaDTerra Nefario I love you <3 xD I have have longed for this feature for a while now [14:52]
nefario whoa there, settle down [14:53]
nefario as I mentioned in another thread [14:53]
nefario we're getting options as well [14:53]
DeaDTerra hahah I was joking though I like the feature a lot :) one of the things I was fond of from GLBSE V1 [14:53]
DeaDTerra allowed me to stretch my capital a lot more. [14:54]
DeaDTerra oh options [14:54]
DeaDTerra for each asset? [14:54]
assbot [GLBSE] [GIGAMINING] 4 @ 1.0011 = 4.0044 BTC [-] [14:54]
assbot [GLBSE] [GIGAMINING] 5 @ 1.001 = 5.005 BTC [-] [14:54]
assbot [GLBSE] [BDT] 3 @ 1.0001 = 3.0003 BTC [+] [14:55]
assbot [GLBSE] [BDT] 1857 @ 1 = 1857 BTC [-] [14:55]
kakobrekla http://codinginmysleep.com/6-8-weeks-until-bitcoin-debitcredit-card-says-bitinstant/ [14:56]
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nefario DeaDTerra: yes [14:56]
mircea_popescu kakobrekla pretty cool! [14:56]
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nefario you'll be able to make option for everything on GLBSE [14:56]
nefario also will be able to put options up for sale for an asset, but still have that asset on the market for sale [14:57]
nefario it's only when the option is bought that the asset will get put into reserve [14:57]
nefario if the asset is sold before the option is bough [14:57]
nefario bought [14:57]
nefario then the option is cancelled [14:57]
nefario next step after options is margin [14:58]
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mircea_popescu how do you cancel an option ? [15:00]
mircea_popescu o nm i see what you mean. the offer is canceleld. [15:00]
nefario yes [15:00]
tonikt what will be the difference between "options BETA" and "options live"? [15:02]
tonikt I mean, for an average user [15:02]
DeaDTerra hm I see abuses from asset managers [15:03]
DeaDTerra buying options using inside info, the releaseing it and cashing in on the change in the market [15:04]
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nefario tonikt: options beta is for me to test and people to have a look at (but won't actually work) [15:05]
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nefario options live is the real thing [15:05]
nefario basically I'm saying I'll have something for people to look at by the end of the week [15:06]
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tonikt ok. that's clear now [15:06]
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nefario http://i.imgur.com/B25gH.gif [15:12]
assbot [GLBSE] [TYGRR.BOND-P] 2 @ 0.85 = 1.7 BTC [+] [15:12]
nefario well thats an odd link [15:12]
assbot [GLBSE] [TYGRR.BOND-P] 50 @ 0.79 = 39.5 BTC [-] [15:13]
assbot [GLBSE] [TYGRR.BOND-P] 1 @ 0.78 BTC [-] [15:15]
assbot [GLBSE] [TYGRR.BOND-P] 3 @ 0.77 = 2.31 BTC [-] [15:15]
assbot [GLBSE] [TYGRR.BOND-P] 11 @ 0.761 = 8.371 BTC [-] [15:15]
assbot [GLBSE] [KRAKEN] 2000 @ 0.01 = 20 BTC [15:16]
assbot [GLBSE] [ASICMINER] 100 @ 0.0995 = 9.95 BTC [-] [15:18]
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assbot [GLBSE] [YARR] 5 @ 0.99 = 4.95 BTC [+] [15:19]
assbot [GLBSE] [YARR] 1 @ 0.98 BTC [-] [15:19]
* Cylta (~user@94.197.127.109.threembb.co.uk) has joined #bitcoin-assets [15:20]
assbot [MPEX] [F.GIGA.ETF] 15807 @ 0.00098116 = 15.5092 BTC [-] [15:21]
assbot [GLBSE] [PAJKA.BOND] 9 @ 0.07899999 = 0.711 BTC [+] [15:25]
assbot [GLBSE] [PAJKA.BOND] 1 @ 0.08 BTC [+] [15:25]
assbot [GLBSE] [MMM] 3 @ 0.7 = 2.1 BTC [+] [15:29]
assbot [GLBSE] [TYGRR.BOND-A] 2 @ 0.153 = 0.306 BTC [-] [15:30]
assbot [MPEX] [S.MPOE] 19996 @ 0.00039938 = 7.986 BTC [-] [15:33]
assbot [GLBSE] [ASICMINER] 11 @ 0.0995 = 1.0945 BTC [-] [15:34]
assbot [GLBSE] [ASICMINER] 7 @ 0.0995 = 0.6965 BTC [-] [15:34]
assbot [GLBSE] [HYDRO.BONDS] 3 @ 1.8001 = 5.4003 BTC [-] [15:37]
assbot [GLBSE] [HYDRO.BONDS] 4 @ 1.8 = 7.2 BTC [-] [15:37]
assbot [GLBSE] [ASICMINER] 5 @ 0.09949999 = 0.4975 BTC [-] [15:42]
assbot [GLBSE] [GIGAMINING] 1 @ 1.04869999 BTC [+] [15:42]
EmanuelDeOrtego https://glbse.com/asset/view/POLY.10.1 [15:43]
EmanuelDeOrtego Someone buy plz [15:43]
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assbot [GLBSE] [GIGAMINING] 1 @ 1.04879999 BTC [+] [15:44]
mircea_popescu what's that ? [15:44]
EmanuelDeOrtego Every POLY.10.1 bond has a face value of (X/10) BTC, where $X USD is the last price at which BTC was traded on Mt. Gox. [15:45]
EmanuelDeOrtego Bondholders have the right to redeem bonds for their face value. [15:45]
assbot [GLBSE] [TYGRR.BOND-P] 3 @ 0.855 = 2.565 BTC [+] [15:46]
mircea_popescu umm [15:47]
assbot [GLBSE] [TYGRR.BOND-P] 9 @ 0.859 = 7.731 BTC [+] [15:47]
mircea_popescu so if tghe last price is 100 usd i can redeem a bond for 10 btc ? [15:47]
EmanuelDeOrtego Yep [15:49]
assbot [GLBSE] [TYGRR.BOND-P] 11 @ 0.859 = 9.449 BTC [+] [15:49]
mircea_popescu so sort of like a call option. [15:50]
EmanuelDeOrtego Yep but less formal. [15:50]
mircea_popescu yeah. [15:50]
assbot [GLBSE] [NYAN.C] 4 @ 0.9499 = 3.7996 BTC [+] [15:50]
mircea_popescu you could lose potentially a lot of btc, how do you cover ? [15:50]
assbot [GLBSE] [ASICMINER] 4 @ 0.09949999 = 0.398 BTC [-] [15:51]
assbot [GLBSE] [PUREMINING] 1 @ 0.13879996 BTC [-] [15:52]
EmanuelDeOrtego mircea: I bought in at 5 so I am not too concerned [15:52]
mircea_popescu o, i thought it's your asset. [15:52]
mircea_popescu it's not you who buys that could lose a lot, is the asset owner, could end up oweing infinity btc. [15:53]
EmanuelDeOrtego Nah. Meni said he doesn't plan on running this profitably. [15:53]
EmanuelDeOrtego He has over 100,000 Bitcoins from what I have seen. [15:53]
EmanuelDeOrtego Close ties with BitInstant in Israel [15:53]
mircea_popescu aha [15:54]
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assbot [GLBSE] [TYGRR.BOT] 9 @ 0.91 = 8.19 BTC [-] [16:00]
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EmanuelDeOrtego At this rate, we're headed back to $10. So, Meni should buy them back soon. [16:03]
EmanuelDeOrtego However, I would prefer them to be in other hands. ; ) [16:03]
assbot [GLBSE] [SS] 1 @ 1.99 BTC [+] [16:03]
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assbot [GLBSE] [PUREMINING] 1 @ 0.13879996 BTC [-] [16:14]
assbot [GLBSE] [PUREMINING] 19 @ 0.13879997 = 2.6372 BTC [+] [16:14]
assbot [GLBSE] [TYGRR.BOND-P] 15 @ 0.801 = 12.015 BTC [-] [16:17]
assbot [GLBSE] [TYGRR.BOND-P] 1 @ 0.8 BTC [-] [16:17]
assbot [GLBSE] [BIF.BTCST.PPT] 16 @ 0.6 = 9.6 BTC [-] [16:17]
assbot [GLBSE] [BIF.BTCST.PPT] 4 @ 0.6 = 2.4 BTC [-] [16:19]
EmanuelDeOrtego I take it back [16:19]
EmanuelDeOrtego Somebody (maybe pirate) is dumping again [16:19]
assbot [GLBSE] [TYGRR.BOND-P] 4 @ 0.78 = 3.12 BTC [-] [16:20]
mircea_popescu ;;ticker [16:20]
gribble Best bid: 9.19981, Best ask: 9.2, Bid-ask spread: 0.00019, Last trade: 9.2, 24 hour volume: 264546, 24 hour low: 7.58, 24 hour high: 10.5 [16:20]
assbot [GLBSE] [BITBOND] 2 @ 0.3799 = 0.7598 BTC [+] [16:22]
EmanuelDeOrtego Another dump [16:22]
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gabbynot ;;bids 8 [16:23]
EmanuelDeOrtego I doubt we can go too far into the eights but we will see [16:23]
gribble There are currently 27376.372 bitcoins demanded at or over 8.0 USD, worth 229995.472854 USD in total. [16:23]
EmanuelDeOrtego We are going to stablize at this price for awhile. [16:24]
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EmanuelDeOrtego We're in the eights now [16:27]
kakobrekla ;;ticker [16:29]
gribble Best bid: 8.99987, Best ask: 9, Bid-ask spread: 0.00013, Last trade: 9, 24 hour volume: 267959, 24 hour low: 7.58, 24 hour high: 10.5 [16:29]
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EmanuelDeOrtego The bid section really doesn't look bad though [16:30]
EmanuelDeOrtego I am surprised how tough the market is [16:31]
EskimoBob any news form Goat or any other PPT guy? [16:31]
gabbynot ;;bids 7 [16:31]
gribble There are currently 65152.745 bitcoins demanded at or over 7.0 USD, worth 502440.522784 USD in total. [16:31]
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EmanuelDeOrtego Nope [16:32]
EmanuelDeOrtego None as far as I can see [16:32]
EmanuelDeOrtego Well there is this [16:32]
EmanuelDeOrtego https://bitcointalk.org/index.php?topic=101958.0 [16:33]
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assbot [GLBSE] [ASICMINER] 20 @ 0.09949999 = 1.99 BTC [-] [16:34]
EmanuelDeOrtego Every time dumps like that happens, Bitcoins go into stronger hands [16:35]
EmanuelDeOrtego I just don't this strategy is going to work for whoever is dumping [16:35]
EmanuelDeOrtego think* [16:35]
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EmanuelDeOrtego I mean, he just failed right now [16:35]
EmanuelDeOrtego The market didn't panic [16:35]
MoneyIsDebt What did I miss? Been gone three days [16:36]
Cylta EmanuelDeOrtego: yesterday there was a lot of panic. But with time market will became smarter, i think. [16:36]
mircea_popescu MoneyIsDebt satoshi dice is ipoing [16:36]
MoneyIsDebt wow, cool [16:36]
MoneyIsDebt Are their profits public? [16:37]
EmanuelDeOrtego mircea_popescu gets all the wonderful fees [16:37]
mircea_popescu yes [16:37]
mircea_popescu http://polimedia.us/bitcoin/mpex.php?mpsic=S.DICE [16:37]
BTC-Mining Emanuel, dumping and repurchasing worked for me [16:37]
mircea_popescu EmanuelDeOrtego actually mpex charges the lowest fee in all of btc. [16:37]
BTC-Mining As long as I don't dump low eh [16:37]
EmanuelDeOrtego BTC-Mining: It won't work right now. Somebody dumped to 8.70 then people bought it up to 9 again [16:37]
EmanuelDeOrtego Haha yes [16:37]
EmanuelDeOrtego micrea_popescu: Well, that is technically true if you discount the 20 BTC registration which is still fair. [16:38]
EmanuelDeOrtego I like your model [16:38]
mircea_popescu yeah, something like that. [16:38]
EmanuelDeOrtego It lets the markets be more accurate. [16:38]
EmanuelDeOrtego and you still get the bills paid. [16:38]
mircea_popescu also cuts out on the drama something fierce. [16:39]
mircea_popescu put 20 btc entrance barrier, lose 99.999% of all drama. [16:39]
mircea_popescu seems a good deal to me. [16:39]
EmanuelDeOrtego Righto. [16:39]
assbot [GLBSE] [BITBOND] 5 @ 0.3799 = 1.8995 BTC [+] [16:39]
assbot [GLBSE] [YABMC] 1 @ 0.1319 BTC [+] [16:41]
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