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1281  Economy / Service Announcements / Re: BitBin - Earn bitcoins with your pastes! on: August 30, 2012, 10:56:21 PM
How was "happiness" not in the wordlist of 80K words including "aahing?"
1282  Economy / Securities / Re: Long+Short basket currencies on: August 30, 2012, 10:42:00 PM
A CFD is free? Why does anyone off them then? What is their business model?

-MarkM-

CFD's can be done between two people with no middleman, and it's been done more than once on these forums.
1283  Economy / Securities / Re: Long+Short basket currencies on: August 30, 2012, 09:57:16 PM
The thing is that a CFD locks in your "repay" price for free, while the call option locks in the maximum repay price at a cost. In this way, the CFD is less gamble-y.
1284  Economy / Securities / Re: Long+Short basket currencies on: August 30, 2012, 09:15:13 PM
a serious investment/hedging thing...
Say you take out a 100 BTC loan when BTC is $10 (because nobody else will give you it in USD anyways...) and sell it for 1000 USD, because you can't buy XYZ with BTC. It makes sense to also get a 100 BTC CFD and take the long position:
BTC goes up by $3. You make $300 USD, it costs $1300 to get 100 BTC. You pay $1000.
BTC goes down by $3. you lose $300 USD, but it costs $700 to get 100 BTC. You pay $1000.
Hedge successful!

With baskets, you need more money to buy them. Having a basket is less useful than bridging finance between jobs. If a 1 BTC shortcoin is $30, how can this help you hedge at all?

There's also options; someone taking out a loan in BTC could buy a call option.
1285  Economy / Service Announcements / Re: BitBin - Earn bitcoins with your pastes! on: August 30, 2012, 09:06:06 PM
I ran through 80,000 words and didn't find it  Roll Eyes
Can you give us another hint to help us "use our minds?" Basically any noun could fit your question.
1286  Economy / Securities / Re: Long+Short basket currencies on: August 30, 2012, 08:28:39 PM
After some thinking, I like raw CFD's the best. There is the risk that the opposite party won't pay, but what's the point of having a shortcoin if it cost you 3 BTC?
1287  Economy / Securities / Re: Long+Short basket currencies on: August 30, 2012, 07:43:43 PM
I like it. If I take out a loan denominated in BTC and sell the BTC, I want to be long to hedge against a price increase. Similarly, if I buy bitcoins just to invest them with PatrickHarnett, I want to be short to hedge against a price decrease. The idea is sound, except for the backdrop risk.
1288  Economy / Service Announcements / Re: BitBin - Earn bitcoins with your pastes! on: August 30, 2012, 07:32:48 PM
It's gone
Aww, my bot is only halfway through the 80K wordlist Sad
1289  Economy / Service Announcements / Re: BitPasta - a revenue sharing paste site (apologies to BitBin) on: August 30, 2012, 05:34:27 PM
The question is, which paste site earns more for the pasters? Woohoo, competition!
1290  Economy / Service Announcements / Re: BitBin - Earn bitcoins with your pastes! on: August 30, 2012, 05:12:19 PM
Is it case-sensitive?
1291  Economy / Long-term offers / Re: Who Pays What? on: August 30, 2012, 04:06:03 AM
Interesting that there's an exact negative correlation between credit score and interest rate: pick any two deposit takers with a different credit rating, and the one with the higher rating offers a lower interest rate.

It's entirely understandable though.
Works this way everywhere. Bonds that have low credit scores are "junk bonds" and pay high interest, while AAA bonds pay interest lower than inflation.
Yeah I was looking at USD CD's lately...
5 year super-cd with a minimum of 100K...
wait for it...
1% APY

/facepalm
1292  Bitcoin / Press / Re: 2012-08-29 slashdot.org - Large Bitcoin Ponzi Scheme Collapses With a Loss of on: August 30, 2012, 03:59:32 AM
That's right. Interesting. It would only work if the bond was sold by the issuer to a consumer paying with interest, though. Hmm
1293  Economy / Lending / Re: [FULFILLED!] 10,000 BTC loan - LONG TERM on: August 29, 2012, 09:38:24 PM
I hate to say it, but we need something like Bitcoinica. You could have taken out a long and been fine when USD/BTC doubled, and I could have taken out a short and been covered when BTC dropped from 15 to 8 Roll Eyes (For the record, I actually sold at 15, but holding BTC does make me want to hedge a bit.)
1294  Economy / Long-term offers / Re: Who Pays What? on: August 29, 2012, 09:23:36 PM
Interesting that there's an exact negative correlation between credit score and interest rate: pick any two deposit takers with a different credit rating, and the one with the higher rating offers a lower interest rate.

It's entirely understandable though.
1295  Economy / Services / Re: HOTWALLET - Secure, Anonymous Web-Wallet (RATED R coarse language and sexuality) on: August 29, 2012, 09:17:04 PM
Lol, at least they're better than Fox
1296  Bitcoin / Bitcoin Technical Support / Re: Recovering Wallet and PGP Auth to #Bitcoin-OTC on: August 29, 2012, 08:43:37 PM
just go on a terminal/shell/command prompt and type "gpg --clearsign"
1297  Bitcoin / Bitcoin Technical Support / Re: Recovering Wallet and PGP Auth to #Bitcoin-OTC on: August 29, 2012, 06:41:27 PM
Freenode doesn't require a password. It provides NickServ, which does use passwords; you can Google for information about that. If you've been away for a long time, freenode staff will drop the nick for you.
1298  Bitcoin / Press / Re: 2012-08-29 slashdot.org - Large Bitcoin Ponzi Scheme Collapses With a Loss of on: August 29, 2012, 06:39:17 PM
I don't doubt that the balances total that much, but those balances were were never bitcoins. The interest was fantasy. Plus many of the actual bitcoins were sent back over all that time.

I would believe 100k coins, even 200k if there were even moderatly trustworthy people who made claims totaling that amount, but I don't see it.

I'd also believe (not on Pirate's word though) that he stopped because he ran out of funds. Not meaning 0 profit really, but all 'profit' already spent. Especially considering a lot of the growing time period was at $5 coins.
Have you done what I said? The bonds couldn't be purchased for less than face value, so they do represent actual investments, not just interest.
1299  Bitcoin / Bitcoin Technical Support / Re: Recovering Wallet and PGP Auth to #Bitcoin-OTC on: August 29, 2012, 05:38:22 PM
2. More pressing and difficult.. I used to use Bitcoin OTC way before you needed to do some sort of PGP Authentication to even join the channel. In general, I had problems using Win GPG or whatever it was called, so there are probably keys from a few attempts sitting around on my old computer. I need to figure out what I am looking for and how to join OTC again. What am I looking for and how do I do this?
Type ;;guide on the channel; it's a pretty comprehensive overview. There's also this (shameless plug): https://bitcointalk.org/index.php?topic=98574.0
1300  Economy / Securities / Re: S.DICE - Want SatoshiDICE dividends? IPO currently in progress. on: August 29, 2012, 04:10:01 PM
For the progressive games, does the house ensure that Jackpot * Win_Odds < Bet_Unit ?
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