As I understand it, 5 million for approval is only if you want to write options at different (not preset) strike prices. If you are OK with 25k, 50k, 75k etc, there's no need for approval as long as you post the collateral.

Great post, Biodom. You're informative as usual. Thank you!

BTW @somac., I've checked FTX and they only seem to deal in futures - not options. Or maybe I have to sign up to see that?

Of course: a little like selling too early. But you do get advance money in return, after all. No free lunch and all that. I'm going to check the exchanges you suggested to get a feel for the premiums.

Hero status fully deserved, somac.

1. Lending makes me very nervous. The counterparty risk won't let me sleep easily. My precioussss!! The good side is, it is unlike selling because you don't forfait your btc, but cash in interest - that's how it works, right?

2. Sell futures for cash seems a little more acceptable. It is tantamount to selling, though.

3. I like this. I imagine it is something like this: sell covered calls by posting btc collateral, and actually sell the btc at the strike price on expiry. Do you have any idea where that is possible?

How about elaborating on that a little more, somac.?  ELI5...

We missed your 15m entirely. You are entitled to reclaim them. As a mild reparation for our failure to acknowledge your paternity of the "Laser Eye Bitcoiner" concept, please accept the following.

+1 WOsMerits


(Yes, sometimes it's appropriate to use the royal "we". Perhaps?)

... except for the wealthy elite of the future (and of the present too, it seems), having crazy but advanced discussions in the best bitcoin thread in the world, with moles in every country who can pick up interesting stuff and have it translated for their fellows.

I think the jury is still out on this one. We will know only in time, say a few years - if we even get to know anything at all. The original paper doesn't have an abundance of scientific (virologic) data, true, but even the Bayesian analysis based only on broadly known facts makes me think. Facts such as where the plague started, how many laboratories of that kind China has, how many accidents are known to have happened in that laboratory, how many coronaviruses have adenovirus traces in their genetic makeup etc.

Call me paranoid all you like, I'm keeping my tinfoil hat on.

Laser eyes are the bitcoiner's mark.

And 1 gram before that. I remember that, too. 2013 or 2014 IIRC.

My assertion that he might be a crook is not based on any factual evidence: just a few grumbling users suggesting their huge trades had been front-run, or that their liquidation (on a derivative position) was unjustified given the comparatively smaller swings in the underlying (corn). They thought and suggested that the order book was being "rocked" by some whale, in cahoots with Bitmex management etc. I have no idea how truthful or reliable those allegations are. My personal experience with Bitmex has always been a good one. I even got a "reverse margin call" once, with one of the staff taking me to Skype to advise I could take a little profit out (which I did). I just felt like a disclaimer was necessary.

In the USA vs. Hayes thing, I'm all with Hayes without a doubt. I agree it's plain bullying. The homepage explicitly said "If you are a USA citizen you can't register". Should they enforce it at a cost? They are not breaking any local laws in the country where they're registered.

This, however, has little or no bearing with the quality of that blog, always rich with technical insight, usable advice, and behind-the-scenes views of all the crypto/fintech world, with a strong (almost exclusive) emphasis on bitcoin. It is one of the few no-bullshit outlets of information about bitcoin and bitcoin trading. Apart from this month's piece about WSB etc., it is recommended reading in general.

The Motley Fool really sound like a bunch of fools. Most of what they do is mentioning Buffett in their clickbait titles. Boring reading, with very little useful info. Now they saw the light about bitcoin. Oh, let's throw a party for them!

I liked the piece by Arthur Hayes I just linked a couple of posts above. There's always been little complacency in what he writes. Even less now that he got fucked by the government big time.

Arthur Hayes might be a crook, but he does write informative pieces.
Moving from GME and Robinhood to BTC (and Bitmex), Why and how? Part 1.

https://blog.bitmex.com/walkaway/?utm_source=cryptotraderdigest&utm_medium=email&utm_content=CTD

The interesting bits are in his account of what happened with WSB and Robinhood. He says he jumped on the GME wagon himself, though it might just be to get some sympathy. The self-promoting stuff is actually kept to a minimum.

Linear charts are not recommended in case of a heart condition. Please delete, we've got some elderly people here ffs!

I see what you mean vroom, but the orientation of the copter makes it look like it wants to go UP, which means Number Go Down. This aggression will not stand, man.

This reply of yours makes more sense, and you suggest "no" as an answer.
Measuring sentiment is at the very top of SOMA arts study anyway.

Not to nitpick, but this road map looks wrong. The helicopter is falling to higher btc prices? Is it a dollarcopter? If so, maybe it could be labeled as such, with a conspicuous dollar sign or something. Alternatively, the numbers could be arranged upside down, with higher numbers at the top.

And gratz for heroing, vroom!   Long due for a long time, no-nonsense WO member.

My point is that you can spy all you want, but when another miner picks up a transaction involving your "banned" address, the transaction has one chance to get on chain. Give it time, and it eventually will. Are you suggesting to fork to keep those addresses out, are you unaware of how bitcoin works, or are you just taking the piss?

Read El duderino_'s post with more attention