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201  Economy / Securities / Re: [BitFunder] My name is Bond. MPOE Bond. on: December 17, 2012, 11:50:37 PM
So what's your own cut on it?  i.e. if I buy 1 BTC worth of bonds and MPOE-O breaks exactly even, how much do I get back?

Your post mentions trader margin (which I assume to mean your markup) but doesn't say what that is (if fixed) or how it's calculated (if variable).

Other than that seems a sound idea.  Anyone investing needs to read up on how that capital is used (and profits calulcated) before investing - so a link to that may have been a good idea (there's nothing dodgy about it - it's just not what a lot of investors will be used to, as it actually makes sense).
No complicated calculation is involved, it stems directly from the market price - if you buy 1BTC (10 MPBPT shares) worth of bonds quickly, you will pay 0.95 BTC + small bitfunder fee. If you wait till only shares priced @ 0.101 BTC are available, you will have to pay 1.0101BTC - and that 0.0101BTC is exactly the margin. It may be slightly less, depending on your volume on bitfunder.

Then, in the end of January, if MPOE breaks exactly even, you will get 1BTC back.
202  Economy / Marketplace / Re: Investing in Mircea Popescu's Options Emporium on: December 17, 2012, 08:15:40 PM
BitFunder launched "retail" passthrough to MPOE bonds: https://bitcointalk.org/index.php?topic=131270.0
203  Economy / Securities / [BitFunder] My name is Bond. MPOE Bond. ( Jan: 9.99%, Feb: 4.8% Mar: -23%) on: December 17, 2012, 07:49:52 PM
BitFunder and CoinBr have launched exclusive offering for one of consistently most profitable bitcoin investments, the MPOE Bonds. To accomodate the nature of this underlying investment, every month the assets will go through three phases:

1. Fundraising
Bond shares will be offered at fixed price of (bond nominal price)+(trader margin). In the end of this phase, initial offer will be withdrawn and raised funds so far will be used to buy MPOE bonds.
2. Free trade
Further trade will be possible only with shares that were bought in step 1.
3. Liquidation
Liquidation process will mirror the liquidation of original bonds, the principal +yield or -loss will be converted to bitcoins. You will be able to invest into other asset for the next month. Between liquidation of a asset for one month and ending of fundraising for next month will be almost 24 hour grace period so you can invest immediately. This short perion is given by original MPOE rules. We are considering the best way for automatically carrying the investment over to the next month , it is likely it will be solved before February offering comes.

The details and dates of these phases are in each asset's description.

CoinBr.MPBPT-O will invest to MPOE bonds for January, March,May, etc..
CoinBr.MPBPT-E will invest to MPOE bonds for February,April,June, etc..
204  Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx on: December 17, 2012, 09:29:17 AM
Today SatoshiDICE hit 2 million bets placed.

Please upvote here if you can: http://www.reddit.com/r/gambling/comments/14cepn/satoshidicecom_hits_2_million_bitcoin_bets_over/

Not to mention over 2 million shares of the IPO sold yesterday as well...  Only 539,000 left before the second Tier sells out.

Update : down to 45,327 shares left before Tier 3.


Aaannd..it's gone. Now only 3 million shares from Tier 3 at 0.0037 are left.
205  Economy / Securities / Re: [GLBSE] Gamma SatoshiDICE Pass Through on: December 16, 2012, 10:22:34 PM
The problem with using coinbr.com is the monthly account fee. For people with small investments, there is no way that they will earn enough to make the fee worthwhile. For people with large investments, it makes more sense to just open an account directly on MPEx.
Already replied to that, no need to derail this thread again. Please discuss coinbr here. In short - starting with 10BTC investment you can consistently get more in dividends from any stock than pay on coinbr fees. Throw in some rudimentary speculation on price movements, you'll improve even more.
206  Economy / Securities / Re: [GLBSE] Gamma SatoshiDICE Pass Through on: December 16, 2012, 09:24:16 PM

Your site is not an exchange but an pass through to MPEX, I am already offering the conversion from GSDPT shares into S.DICE shares. You don't need me to list on your site, for you to take my GSDPT shares and convert them into your own pass through, you could simply accept GSDPT shares and then ask me to convert them into S.DICE shares.
Wow, you took this personal xD, I didn't mean to offend you, I just didn't see our services compatible, but actually as competitors.

Btw, Things will go even slower as I have the winter flue, high fever puking etc.
So I am just going to get some rest for now.
//DeaDTerra
Well then, and how do I "take" or "accept" the GSDPT shares? I will put a message on coinbr "To claim your GSDPT shares to be converted to S.DICE and added to your account, tell so to deadterra" - is that all? How are we going to process such claims? Was just having irc chat with Ukto and it looks there is going to be some mechanism for moving the reinstated GSDPT shares between bitfunder and btct, maybe it can be extended for this use case, too?

With CoinBr account, you buy/sell directly on MPEx, and even get MPEx-signed receipts for all orders. This is something hardly comparable to existing GBLSE/BTCT/Bitfunder passthroughs - perhaps they should call themselves rather funds backed by one MPEx asset, as they trade on separate exchange completely.  

Indeed I can be competitor, as I have said, but I need not to be. CoinBr codebase allows one to create many wonderful things, for example fund managed automatically by bot and it pains me to see such opportunities completely missed and blindly doing the same as before/as everyone else is doing. Of course, I could do it myself, but I don't want to stretch myself too thin, instead focusing on core business.

I don't have very high meaning of passthroughs as they stand currently. Their business model hinges completely upon high barrier of entry to MPEx, they provide no added value in themselves. Plus they add risk in form of another counterparty (passthrough operator plus another exchange - heck, there will be two of them in this case. The more, the merrier, yeah.)
207  Economy / Securities / Re: [GLBSE] Gamma SatoshiDICE Pass Through on: December 16, 2012, 03:39:57 PM
An Email has been sent out to all the share holders Smiley
Please respond with the exchange off your choice, and guys please bare with me on this one as it may take a bit off time as I am doing all of this manually.
//DeaDTerra
So DeaDTerra, this means the option to exchange the passthrough shares to real S.DICE stock via coinbr.com was silently ignored, without any explanation? You did not even ask me what possible discount/benefits can coinbr provide for the users and just quickly gave in to these who screamed loudest or even offered bribes?
No problem with us, we have no intention to doing business in this typical bitcointalk way. Plus, it leaves us with free hands to provide a plan that will render most of these mpex passthrougs obsolete, should we find out something viable.
208  Economy / Securities / Re: 20 future contracts now trading on MPEx. on: December 14, 2012, 10:54:11 PM
There has been quite some head scratching around over the IDIFF futures... so far they look to me like ideal instrument for ASIC suppliers' insider trading Grin
209  Economy / Marketplace / Re: So you think you're going to start a Bitcoin business, right? on: December 12, 2012, 02:08:04 AM
This is also my first post outside the noob section so I hope I did everything right.
I respectfully disagree. Please make this announcement in a new topic, perhaps in Services subforum Wink
210  Bitcoin / Bitcoin Discussion / Re: This article is too awesome... Bitcoin FTW at Money2020 on: December 11, 2012, 07:33:56 PM
When is the Bitcoin community going to get a CLUE about how to handle professional pr and journalists??  Every shop fucking ends up needing a crisis management team.  WTF.

I think we do a pretty good job.

Sure, there are some bad moments, but overall Bitcoin is making great progress.
Everyone advocating Bitcoin is getting better at PR. Slowly but surely.

I'd rather have more stories like this one than the lack of news we've had in years prior.

If that were just some fringe incidents, okay. But I have got an impression that many in the "community" indeed have irresistible urge to crack such really unhelpful jokes or comments, and are condoned by others. Believe it or not, doing business is best done by well dressed and prepared approach, everyone knows how it goes about first impression. Otherwise, why waste time with them? Showing them we have bigger dick, or such?
211  Economy / Securities / Re: 16 future contracts now trading on MPEx. on: December 10, 2012, 03:56:36 PM
MPOE has been trustworthy as far as I can tell. Their platform is a pain in the ass to use, but they've been honest thus far Smiley

Indeed keeping track of MPEx account accurately can be PITA, but the platform for taking pain off it exists already, and we are open to cooperate and develop customized solution Wink

For end-users of our brokerage I'm glad to announce that MPEx futures are already supported.
212  Economy / Marketplace / Re: Investing in Mircea Popescu's Options Emporium on: December 06, 2012, 06:26:27 PM
Upon explaining that mpoe loss ... Maybe there's indeed some room for improvement, looks like nothing is going to stop bondholders to increase requested interest and thus they prevent any MPOE profit (to be paid to shareholders). The competition on interest rate is ineffective, as bondholders seems to calculate that they won't get whole interest anyway.
Maybe bondholder with lower asked interest should be rewarded by lower risk (allocate lesser part of loss to him)?
213  Economy / Marketplace / Re: So you think you're going to start a Bitcoin business, right? on: December 06, 2012, 06:15:59 PM
Wait, so MPOE had a transaction volume of 25,000BTC in the month of November. MPEx had a profit of 433BTC in the month of November. Somehow that means they're worth 45 million USD? I'm not seeing the math.
If you did your research, you'd have seen that the 433BTC is not everything there is at all. They paid up to 9.9% monthly interest ( 4`083.99552 BTC ) to the bondholders who financed the options market. But they also took the MPOE loss, so the net revenue for bondholders was actually lower 4083-1961 = 2122 BTC. That's ~ 25k USD just in one month. All considered, together with future potential, millions of USD valuation really isn't much of a stretch.
Yes, I saw that line about the 4083BTC paid, but it's right in the middle of this:
Quote
Operational results, MPOE
....
Revenue : 25`553.98115344 BTC, of which :
....
Expenditure : 27`515.29937379 BTC, of which :
....
Loss : −1`961.31822035 BTC
Which I'm having a hard time getting past.
I'll retry on this from another angle. The number you decided to fixate yourself so much on is there only because bondholders asked for over 9% interest. So it alone doesn't change much on the soundness of the core MPOE business. Had the bondholders asked for 5% (like it went few months ago), the capital expenses would be only 2062 BTC and there would be some profit in the end.
214  Other / Beginners & Help / Re: I'd like to help on: December 06, 2012, 02:19:43 PM
I don't think this is really necessary. I mean, tons of people already run the client. What you should do is mine with all that equipment.
Hi,

So by running a node your supporting the network but not actually making anything from the node? I thought that people that ran nodes got some small fee from a transaction they facilitated.

I would like to know this as well! Also, how does more nodes help the network?
Running nodes does not make anything itself. You just get the advantage that your transactions propagate faster the more connections you have (helpful if you play satoshidice, for example) and it also helps with verification and propagation of all transactions in the network.
215  Economy / Marketplace / Re: So you think you're going to start a Bitcoin business, right? on: December 06, 2012, 01:51:54 PM
Wait, so MPOE had a transaction volume of 25,000BTC in the month of November. MPEx had a profit of 433BTC in the month of November. Somehow that means they're worth 45 million USD? I'm not seeing the math.
If you did your research, you'd have seen that the 433BTC is not everything there is at all. They paid up to 9.9% monthly interest ( 4`083.99552 BTC ) to the bondholders who financed the options market. But they also took the MPOE loss, so the net revenue for bondholders was actually lower 4083-1961 = 2122 BTC. That's ~ 25k USD just in one month. All considered, together with future potential, millions of USD valuation really isn't much of a stretch.
216  Other / Beginners & Help / Re: I'd like to help on: December 03, 2012, 10:01:03 PM
As I promised two of my servers are now running bitcoin full nodes. The boxes are in separate data centers; would be more but as jgarzik said this won't help. And I love the fact that those machines are now doing something for a change: load average: 2.97, 3.78, 3.72

Thanks!
If you have so much unused capacity, you can support other projects, too. For example litecoin comes to mind, as it will be easy for you since it's basically a bitcoin fork and is being used in the same way. Maybe even Tor or Freenet, but they are more risky (depending on local law enforcement).
217  Economy / Service Announcements / Re: [ANN]First online MPEx brokerage now in public beta on: December 02, 2012, 03:17:57 AM
Silent = away.  I'm not tethered to IRC.

What difference does it make where you typed it?  It was relevant to this conversation.

Cheers.
Not much difference. Only that I consider common decency for rants from irc to not be used as kinda evidence elsewhere. But that's my own fault I started them at all.
218  Other / Beginners & Help / Re: I'd like to help on: December 02, 2012, 02:37:21 AM
I read this: "Average people can help simply by running a full node that accepts incoming connections from the Internet.  Just download the client and run it, 24/7 -- ideally with an empty wallet for maximum security." by jgarzik

In work I've got a full access to many dedicated servers - a lot of cpu power and  all the bandwidth one can eat. I'd like to help by running those full nodes. On Mon I will compile and install bitcoind at those machines. Now I'd like someone to provide me a correct parameter list that I can run bitcoind with. I will not have time to figure it out it myself (especially things like -blocknotify=<cmd>)). I also rather use parameter list over config file; in case I've got to change jobs and get rid of my illicit doings quickly.

My servers are standard debian setup with outside IP address on eth0 interface.
If you plan to host anything else important on the metal, keep close eye on disk I/O. Upcoming bitcoind version solves this, but the stable 0.7.1 is really a disk hog and can cause inconvenient delays elsewhere. Even on decent 7200rpm disk, I can't play FLACs and run bitcoind at once, ionice nor libeatmydata doesn't help much.

Yes bitcoind runs fine without parameters, or package for your distro with ready to use initscript can be found (check version though, 0.6.2 from debian repo is very old).

As for mining, I doubt the servers have OpenCL capable graphics.
219  Other / Off-topic / Re: Where could someone comfortably live on $30 a day? on: December 02, 2012, 02:12:06 AM
I vouch for eastern europe, too. While living from 750 euros monthly is not exactly about lying on the beach whole day and getting all inclusive full service, it's still pretty cosy here in Slovakia. Farther to the east you go, the better. We are no third world countries, most things work as expected (don't expect fake smiles everywhere, though) and internet is fast and uncensored (I have unlimited 10mbit both download and upload for 12 euro/month, could easily get 100 mbit for few bucks more if desired).
220  Economy / Lending / Re: §§§ Bitcoin Lending Thread - Currently 0 BTC available @ 9% per month on: December 01, 2012, 06:02:12 PM
I don't have so many forum posts (I really dislike BS Smiley ) nor proof of gainful employment (I'm unemployed and proud entrepreneur for almost 1 year now), but we managed to reach agreement on collateral + escrow to a trusted party, so I could get a loan of 65 BTC due on December 1, 2012. Thank you!
I just repaid. Thanks again!
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