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MPOE-PR (OP)
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April 22, 2012, 01:00:35 PM
Last edit: April 22, 2012, 09:27:36 PM by MPOE-PR |
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An option is a contract transferring the right (but not the obligation) of either buying or selling a specified underlying for a set period of time.
We've tried for about a month now to come up with a satisfactory statistical model that would allow automatic pricing of such an option (something similar to the BTC/USD options available) with limited to no success. Since there is a lot of demand from traders for something of this nature, and since we don't actually have the wherewithal to satisfy that demand, we're opening the books for one competent miner to fill in this role.
This position requires you quote prices for no less than 1k BTC worth of contracts at any given time. The prices are entirely up to you, but there must be bids and asks up for at least that amount. It's not yet decided if the option will be straight difficulty (something like O.DIFF.2MN for instance) or hash-based (something like O.HASH.1GH) for instance. The former would act like a straight forex option, taking the difficulty as the currency rate, the later would act like a commodities option, dealing in the present value of the specified number of hashes (not per second, mind). Alternatively there could be something share based, trading the present value of a "share" if that concept can be sufficiently standardised. All these are up for discussion with the eventual person selected.
In exchange you will receive significant credit support from MPEx, and for that reason only well known and well respected miners will be seriously considered. A strong OTC rating helps.
You can discuss this matter here or via pm, you can also email or make contact on IRC. Thanks for reading.
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rjk
Sr. Member
 Offline
Activity: 448
Merit: 250
1ngldh
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April 22, 2012, 01:15:40 PM |
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An option is a contract transferring the right (but not the obligation) of either buying or selling a specified underlying for a set period of time.
We've tried for about a month now to come up with a satisfactory statistical model that would allow automatic pricing of such an option (something similar to the BTC/USD options available) with limited to no success. Since there is a lot of demand from traders for something of this nature, and since we don't actually have the wherewithal to satisfy that demand, we're opening the books for one competent miner to fill in this role.
This position requires you quote prices for no less than 1k BTC worth of contracts at any given time. The prices are entirely up to you, but there must be bids and asks up for at least that amount. It's not yet decided if the option will be straight difficulty (something like O.DIFF.2MN for instance) or hash-based (something like O.HASH.1GH) for instance. The former would act like a straight forex option, taking the difficulty as the currency rate, the later would act like a commodities option, dealing in the present value of the specified number of hashes (not per second, mind). Alternatively there could be something share based, trading the present value of a "share" if that concept can be sufficiently standardised. All these are up for discussion with the eventual person selected.
In exchange you will receive significant credit support from MPEx, and for that reason only well known and well respected miners will be seriously considered. A strong OTC rating helps.
You can discuss this matter here or via pm, you can also email or make contact on IRC. Thanks for reading.
Not only am I not interested in the slightest, I do not appreciate the unsolicited spam from you either. |
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BlackPrapor
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April 22, 2012, 01:34:37 PM |
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It's too early for this market. BTC need to show some measurable growth in tx volume and its too volatile atm.  |
There is no place like 127.0.0.1
In blockchain we trust
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MPOE-PR (OP)
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April 22, 2012, 01:45:32 PM |
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It's too early for this market. Yea, that may well be the case. |
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OgNasty
Donator
Legendary
Offline
Activity: 4718
Merit: 4226
Leading Crypto Sports Betting & Casino Platform
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April 22, 2012, 03:23:19 PM
Last edit: April 22, 2012, 03:43:37 PM by OgNasty |
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+1 to the unwanted spam comment... I did not appreciate it either. OP's spamming is out of control. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
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MPOE-PR (OP)
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April 22, 2012, 03:33:32 PM |
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@rjk, ognasty: Added you to the ignore list. Anyone else that has difficulty with the notion of PMs or otherwise is confused as to what spam is feel free to point it out and you'll be gladly added.
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kokjo
Legendary
Offline
Activity: 1050
Merit: 1000
You are WRONG!
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April 22, 2012, 03:36:42 PM |
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@rjk, ognasty: Added you to the ignore list. Anyone else that has difficulty with the notion of PMs or otherwise is confused as to what spam is feel free to point it out and you'll be gladly added.
its not good for PR, to threaten potential new clients... |
"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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imsaguy
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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April 22, 2012, 04:14:58 PM |
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An option is a contract transferring the right (but not the obligation) of either buying or selling a specified underlying for a set period of time.
We've tried for about a month now to come up with a satisfactory statistical model that would allow automatic pricing of such an option (something similar to the BTC/USD options available) with limited to no success. Since there is a lot of demand from traders for something of this nature, and since we don't actually have the wherewithal to satisfy that demand, we're opening the books for one competent miner to fill in this role.
This position requires you quote prices for no less than 1k BTC worth of contracts at any given time. The prices are entirely up to you, but there must be bids and asks up for at least that amount. It's not yet decided if the option will be straight difficulty (something like O.DIFF.2MN for instance) or hash-based (something like O.HASH.1GH) for instance. The former would act like a straight forex option, taking the difficulty as the currency rate, the later would act like a commodities option, dealing in the present value of the specified number of hashes (not per second, mind). Alternatively there could be something share based, trading the present value of a "share" if that concept can be sufficiently standardised. All these are up for discussion with the eventual person selected.
In exchange you will receive significant credit support from MPEx, and for that reason only well known and well respected miners will be seriously considered. A strong OTC rating helps.
You can discuss this matter here or via pm, you can also email or make contact on IRC. Thanks for reading.
You should work on your website first, it'd increase your demand even further. |
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MPOE-PR (OP)
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April 22, 2012, 09:23:44 PM |
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This position has now been filled. A thank you goes to all those who have responded.
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