There's two kinds of people walking into any shop. There's the kind that are customers. Not "potential" or other crap, a customer is a customer before they buy anything. Then there's the kind that for whatever reason cannot be your customers. Maybe they cannot afford your services, maybe they have no need for your product, maybe they're just bored, home alone, whatever it is.

Sometimes this later category, which are not in any way customers, potential or otherwise, decide to spend their time devising little transactional ballet productions to convince you that it is because of you that they can't be your customers.

It's true that inexperienced middle management tends to occasionally take disciplinary measures against the staff on the words of these cockoos, but sooner or later they figure out that it's not too likely the otherwise peaceable clerk is suddenly incompetent at their job for half an hour while Joe Q. Nut is "being a potential customer" and then return to normal. Just as there's no car that has a bad shock for even miles but is fine for odd miles in a hundred mile trip.

This song and dance about the whole world being a customer is fine if you're just starting your way in life, and are doing McDonalds management or something. Otherwise, it's a little out of place in the real world. I normally don't bother training random strangers on the interwebz in the finer points of business, but your further comment about "business sense" suggests to me that you are actually not only unskilled & unaware of it but rather desperate for some sort of resolution. Here is your resolution, I happen to be the messenger and kinda know the future, too: you will shoot at me. Not that I mind, just sayin.


Bold claims are only bad for business after they are disproven. Before, they are great for business. So, rather than arguing pointlessly on a forum go ahead and disprove something.



I deeply regret we do not have the same sense of humour. Somehow, this does not cause me much alarm. Probably because I'm not a professional comedian. Maybe one day.


Shall I ask why are people with large egos worrisome to you or shall you tell us even if I don't?


I am kind of flattered by that MP[OE,Ex] there, means you paid attention. What's the worry here, tho? Goat throws honey while wearing a Fawkes mask and I what, resign and move to Burma? Flesh out a scenario, for my curiosity. Thanks.

Hi there!

MPEx needs three drawings to further cuteify itself beyond the pale. Looking for:

I. A drawing of a dragon.
II. A drawing of a unicorn.
III. A drawing of a mermaid.

All these must be precisely 155px by 68px, line art. No colors please, stick to black & gray. The image should be mostly white. There are two placeholders there at the moment so you get a general idea.

Two very important stipulations:
-ORIGINAL ARTWORK ONLY. Draw them yourself, this is one of those endeavours in which googling doesn't pay.
-MAKE IT CUTE. Really. A nude mermaid is a-ok, an uncute anything is no good.

Anyone can participate, with as many drawings as they want. Once we see something we like that person gets paid and this post will be updated. Once all three drawings are supplied this thread will be closed.

Have fun!

I think you may be misrepresenting what a "potential customer" is.

I've rarely seen it equated with "random troll" before, but I am glad to hear you will be starting an exchange to pilot the high seas of lulz with a trusty complement of such high-value, hard-hitting, dream customers. Or alternatively they could just express themselves on GLBSE.

There's now also a market depth json for the people into writing bots and whatnot: http://polimedia.us/bitcoin/mpex-mktdepth.php

There's > 50 people registered, and a tad more liquidity than anywhere else (excluding, of course, your fake bids on tygrr-bot atm).

So you didn't "bother" to get it for free because you assumed it will not be free later on and therefore you will not be investing at all because you are too busy making triangular forex arbitrage bots that aren't triangular and don't arbitrage. With logic of that caliber I'd guess you'll be the one needing the luck. How're the pics coming along honeybuns?

From now on you can trade BTC/USD options on the MPEx infrastructure. Of particular interest is the newly added command SPLIT. Quoting from the FAQ:


As you can see, this is a significant improvement over the way short selling works on the old MPOE site.

As a result the MPOE site is being retired. Customers currently holding options (long or short) on MPOE can ask to be migrated to MPEx (provided they have a registered key), but are not required to do so: contracts will be honored as they are at any rate. MPOE will stop taking new orders sometime in the coming months.

@Chaang Noi If you haven't registered your key during the beta you will have to pay 20 BTC to have it registered, yes.

Actually, that was a leftover from the beta days, there's no fee for malformed orders anymore. Your 6 bitcents were credited back to your acct.
Thanks for pointing it out.

PURE.SYNTH sold something like half of all the float PUREMINING even has. In a day or so. Methinks you're describing the unseen rhino.

 

There are a couple of people that started work on making brokers for MPEx, which will probably look a lot like the name-and-password site that people are used to. Untill then, consider maybe Azelphur's python script?

No, you can't actually bid until the stock opens for trading.

Two strategies that may prove useful in getting early dibs are to have your order all signed, encrypted and ready to go (if you're not using the python script or something equivalent) and joining #bitcoin-otc-eu where you'll probably get early notice of trade opening.

This is a little complex, so pour yourself a cup of coffee and take a comfy seat.

A CDO is basically an arrangement that works as follows : an issuer (I) takes a pile of debt of various entities (D1...Dn) in set ammounts (Q1...Qn) and piles it all together. The pile is then tranched, which means say that 25% of it goes to class A, which gets pA, 35% goes to class B, which gets pB and the remainder 40% goes to class C, which gets pC. The catch is that with respect to capital, class A gets paid first. If and only if there's anything left, class B gets paid. If after all B is satisfied there's anything left over, class C gets paid. The counter-catch is that pC is significantly above pA.

Now let's work this out with an example.

MPEx takes in 1000 BTC of debt from entity D1, which pays a weekly 15% ; 500 BTC of debt from entity D2, which pays a weekly 12% ; 1500 BTC of debt from entity D3, which pays 11.5% and 2000 BTC debt from entity D4, which pays 10%, and bundles it all into a CDO. The total weekly revenue of this CDO is 1000×.15+500×.12+1500×.115+2000×.1 = 582.5 BTC, and the total capital in the CDO is 5000 BTC.

The CDO is now tranched, as follows : 1250 shares class A, which pay 7% per month, 1750 shares class B, which pay 11% per month, and 2000 shares class C, which pay 15.125%.

In the event all four entities remain solvent, the class C realises a 15.125% interest, which is superior both in ammount and as principal to the 1k @15% available from entity D1.

In the event any entity goes bankrupt, the CDO plays out as follows :
class A is due 1250 in principal and 87.5 interest = 1337.5 BTC.
class B is due 1750 in principal and 192.5 interest = 1942.5 BTC
class C is due 2000 in principal and 302.5 interest = 2302.5 BTC.

Should entity D2 have gone bankrupt, the total value of the CDO is now 1150 + 0 + 1672.5 + 2200 = 5022.5. This means that class A receives its 1337.5 BTC in full, and there's 3685 left over. Class B receives its 1942.5 BTC in full, and there's 1752.5 left over, so class C realises a 24% theoretical loss or 13% practical loss (principal only).

Should entities D2 and D4 have gone bankrupt, the total value of the CDO remains 1150 + 0 + 1672.5 + 0 = 2822.5 BTC, thus class A receives its 1337.5 in full, class B receives 1485 on its 1942.5 claim and class C realises a 100% loss.

The advantages of the CDO are then apparent : class A obtains excellent security (it loses no money even if half the debtors default) for a small interest, whereas class C obtains better interest than available in the market, in exchange for footing the risk.

Obviously, the actual % wouldn't be the ones quoted, this was just a numeric example.

So now, given that MPEx is considering creating a CDO of this sort, which lenders here would be interested to participate ? (Obviously people with a track record, good ratings etc).

Thanks for reading !

Sounds pretty good, about 10 cents per, close to 2% for some people.

@Brendio That'd be 1. The relevant parts are in the IPO contract,


Thus, once S.BVPS goes to trading on the 15th the first 30`000 orders at market price or limit no less than 220000 will receive 30`000 shares, the next 75`000 orders at market price or limit no less than 240000 will receive 75`000 shares and finally the next 45`000 orders at market price or limit no less than 260000 will receive the last 45`000 shares of this IPO. Subsequently BITVPS will not offer any more shares for a period of at least 30 days, and all further orders will have to be satisfied from initial underwriters taking profit/closing out.

Also there's a live twitter stream, https://twitter.com/#!/mpex1

Interested parties can now purchase the F.PURE.SYNTH asset, which is an exact copy of Meni Rosenfeld's PUREMINING asset traded on GLBSE. You can review the exact terms here. The principal differences are that F.PURE.SYNTH is insured (so even if the original PUREMINING folds you'll get your hashing) and non recallable.

This asset is currently trading a little under .3 btc equivalent prices, so significantly a better deal than you'd get on GLBSE.

Enjoy.

Ahh, very nice Azelphur!

Barely a day has passed and there's already github commits and whatnot. Excellent!

Just you wait for the CDOs hehehe.

If you're on linux:


That way the CLI directly spits out the gpg stuff you need to paste into the box. If you would rather it also posts it directly you can replace that last line with


(haven't tested but should work roughly speaking).


YE!

Would be pretty cool to see a gpg based exchange for sure.

Also in the news: Volume-weighted average price as a json: http://polimedia.us/bitcoin/mpex-vwap.php