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  • Date of Birth: 2005-11-17 21:26
  • First Forum Visit: 2011-04-07 20:17
  • Number of Posts: 294
  • Bounty: 0 ISK
  • Likes Received: 0

Block Ukx

Security Status 4.8
  • Forge Laboratories Member since

Last 20 Posts

  • 100bil Bond (Closed-Paid-in-Full) in EVE Gameplay Center

    Congrats to those who managed to invest at 6% for 7 months.

    Just wondering if anyone is interested is selling off 10 B for 1% now?

    Good to see you alive PP

  • Status of BSAC Exchange/Mineral Reserve/etc. in EVE Gameplay Center




    UPDATE
    5-May-2015

    I was gone for a while, but I will be around the next six months for sure; I already paid for it.

    You must login and submit a withdrawal request to cash your ISK. The number of withdrawals last year was around five. The website is: http://www.bsacse.amxg4.com/home/index.php

    All accounts were converted to ISK according to the final share price:
    BSAC .. 10,726.02
    BSAMT 137,787.44
    ISOIF .........102.74
    MEXIF ......... 59.00
    MEGIF .... 2,115.00
    NOCIF ....... 620.00
    PYEIF .......... 12.28
    ZYDIF ........ 755.00
    MRD .............. 4.10
    BSAMR 111,367.26

    The remaining balance of all accounts is : 324,176,131,683.27 ISK


    For fast response contact: BSAC MMM



  • BSAC . . . . is back! in EVE Gameplay Center

    Vaerah Vahrokha wrote:

    So, you plan reopening BSAC again?



    No, BSAC will remain closed.


    I'm working on a different project developing some ideas I have.



  • BSAC . . . . is back! in EVE Gameplay Center

    Thanks Dalven V.


    All,
    FYI. I'm working on a new website with the goal of migrating all BSAC Exchange accounts to the new website. You will be required to register with the new website to access your old accounts once the transfer is complete.

    ETA September 2014.


  • BSAC . . . . is back! in EVE Gameplay Center

    No, not really.


    BSAC BUY BACKS

    BSAC 10,726.02
    BSAMT 137,787.44
    MRD 4.09
    ISOIF 102.74
    MEGIF 2,115.00
    MEXIF 59.00
    NOCIF 620.00
    PYEIF 12.30
    ZYDIF 755.00
    BSAMR 111,367.24

    All BSAC stock has been converted to ISK.


    Visit http://www.bsacse.amxg4.com and claim your ISK.






  • Zydrine Options – (February 2014) in EVE Gameplay Center

    VV,
    thanks for your input.




    Tonight's Zydrine Options @ 710.50 10 options for bid sold for 1.12M



  • Why do people undercut? in EVE Gameplay Center

    Dixon Cutter wrote:
    It's a common margin-killing technique used for market manipulation in Eve, but I do not see the reasons someone would be doing that.




    Big margins attract a lot of competition. Small margins keeps people away.




  • 135 bil collateralized loan @ 2% for 3 months (Filled) in EVE Gameplay Center

    Zahara Cody wrote:
    Seeking 150 bil collateralized loan @ 2% for 3 months...

    Collateral will be:

    1x Vangel
    1x Mimir
    200x Armageddon




    How do people go about estimating the sell price of 1x Vangel + 1x Mimir ?


  • Is station trading a viable profession? in EVE Gameplay Center

    Bad Bobby wrote:
    Sabriz Adoudel wrote:
    If you have under 1b in capital, spam scamming is the most lucrative profession.
    Have you any numbers to back that up?

    Sabriz Adoudel wrote:
    corp infiltration and theft, Ponzi schemes, etc
    While these can pay out big, they generally take quite a lot of time and effort to pull off with any reliability. As a result the isk/hour isn't actually that great.



    Perhaps you should teach him how its done. A great master you are!



  • Zydrine Options – (February 2014) in EVE Gameplay Center



    Don't hesitate to express your ideas on options.



  • Zydrine Options – (February 2014) in EVE Gameplay Center



    Tonight's 10 Zydrine Option contracts winning bid was from Yutte Harlamek. @ 1.6 M per contract.


    Next auction 12/17 02:00 eve time


  • Zydrine Options – (February 2014) in EVE Gameplay Center

    mynnna wrote:
    So, anyone checked if eve-bet is giving odds on Block letting this thread fade away and die? ...



    The offer has been modified, so not sure how this affect your bet. What do you think of the new offer?






  • Zydrine Options – (February 2014) in EVE Gameplay Center

    Mestophoclies wrote:
    While I appreciate the attempt to make options more understandable by calling this insurance, I think it actually confuses people about what they are buying, and we should call it what it is, namely a covered call option.

    More specifically, these are significantly out of the money call options.

    Significantly out of the money call options are more useful as a speculation instrument than an insurance policy, because they essentially act as leverage.

    If a manufacturer wanted to protect himself against rising zydrine prices in a real world market, they would purchase a call option with a strike price near market value, and pay the premium as the insurance.

    As to the question of how to price the options, options are usually priced on a per unit basis. Pricing your 1500 contract like that would imply a premium of 100 isk/unit paid, which is roughly 14% at today's prices.

    I also think it is important to realize that as the seller of the options, you do not take on any risk of loss that involves zydrine going above your strike price. What you are doing by selling these options is limiting your potential upside in exchange for some additional profit if zydrine stays below your strike price.

    Your risk exposure is limited to if zydrine falls.

    For example, if I sold a covered call contract like this, I would pretty happily take the 100isk/unit risk premium at the current market value. However, I don't have the credibility that you do so nobody would send me isk.

    I think you actually would play a much better role (and acheive higher profits) if you continued in your role as being the marketplace. I will write one month zydrine call options with a strike price at or below current jita market prices at 100isk/unit all day, and deposit the zydrine with Block as a third party, and let him earn some percentage.




    You bring some excellent points and I wish to change the current offer. I will change the title to Zydrine options to reflect the change.



    In the new offer, I will auction options with a strike price equal the current market price of Zydrine (details below). People will "bet" for buying the Zydrine option in an auction. The starting bet for a 100,000 Zydrine option is 10 ISK. The auction will happen in the Minerals and Manufacturing chat channel around 02:00 Tuesdays eve time. The expiration date on the options will be the end of the next month. For instance, options auction on December 2013 will expire Feb 28, 2014.


    CONTRACT - Zydrine February 2014 Option

    SIZE
    100,000 units

    EXPIRATION DATE
    Feb 28, 2014

    STRIKE PRICE
    The strike price is the average price of the top 5,000,000 units buy and sell Jita offers at the time of the auction. For example, the current Zydrine price at the moment I typed this post is 709.50 ISK.




    Hope you join us tonight.

  • Zydrine Options – (February 2014) in EVE Gameplay Center

    Vaerah Vahrokha wrote:
    Block Ukx wrote:


    Now getting back on topic, I welcome ideas on how to price options.



    There are several possible points of improvement.

    - Have you checked Black-Scholes options pricing model?

    - Options are a marketplace. You have an exchange, make the connection.

    - Options should not be set by you, but by the market. I mean, if someone wants to buy an option for 800 ISK he should be able to (assuming he finds a willing seller). Of course an option placed in an easy place has to give very different revenue and have a well different cost compared with one in an "odd place".

    I want to stress point 2. You'll never depart from the "scammer" or at least "in bad faith" label if you play the market maker and place yourself in an utterly dominant position.




    Those are excellent points. I'll read more on the Black-Scholes pricing model.


    What about auctioning options? Would that work? For instance, offer 100 option Zydrine contracts at 900 and let people bet for the price.


  • Zydrine Options – (February 2014) in EVE Gameplay Center

    Lucas Kell wrote:
    I have claimed you are scamming as you know Zydrine prices will never reach your option price, this I stand by (Scam A).




    That is a ridiculous statement. I once claimed Nocxium will reach 600, was I scamming then? I once claimed Pye will hit 12 ISK, was I scamming then? Calling me a scammer because we disagree on a price is very immature.

    I'm offering 3 options 2500, 2000, and 1500, and I do believe Zydrine will reach 1,500. I'm considering offering a 1200 option but I'm hesitant because I believe it will easily hit 1200.




    Zydrine
    Sell 757
    Buy 748


    Still looking for ideas on pricing options.



  • Zydrine Options – (February 2014) in EVE Gameplay Center

    Lucas Kell wrote:

    Thinking a guy who is running an obvious scam is not trustworthy does not suddenly mean I am new by the way. And from what I understand, Block has a history of questionable behaviour, so it's not unreasonable to predict he would not pay out. But by all means go buy his contracts and find out for yourself.



    I managed BSAC for six years and at its peak had access to 750 Billion of public ISK. I closed BSAC over a year ago but I'm still managing the BSAC Exchange.


    Every single person that I have dealt with can attest that I have deliver on my promise to pay out over the seven year period that I have been managing public funds.


    Now getting back on topic, I welcome ideas on how to price options.


  • Zydrine Options – (February 2014) in EVE Gameplay Center

    Lucas Kell wrote:
    Drab Cane wrote:
    Starting tossing this idea around, and I'm finally starting to see how these options work.

    Essentially, this is a hedge for people who are willing to throw in some ISK on the chance that Zydrine returns to a peak price it hasn't seen in over a year.

    For Block, it serves as a hedge in case the price doesn't reach the level he's hoping for.
    Well block gets the contract amount regardless. If Zydrine then suddenly shot up to 5000 isk/unit, there's no way to be sure he would hand across the Zydrine rather than selling it on the open market.

    Essentially he's selling a chance to gamble on his sincerity if the price ever rises, and selling nothing if the price remains the same or drops.



    NO, I don't get the contract price regardless. It's an option. "http://en.wikipedia.org/wiki/Option_(finance)"

    And if Zydrine reaches 5,000 I will handle out the Zydrine because I already have it.

  • Zydrine Options – (February 2014) in EVE Gameplay Center

    Lucas Kell wrote:
    Block Ukx wrote:
    Lucas Kell wrote:
    Block Ukx wrote:

    Interesting analysis VV.


    Zydrine DOWN
    Sell 814
    Buy 778


    I'm considering adding a ZD1200 policy. Any suggestions on how to price an insurance policy?
    My suggestion would be to stop trying to scam people. You know full well Zydrine will not reach the prices you list.
    Scam people? How? It's an insurance policy.


    Zydrine Price DOWN
    Sell 792
    Buy 750
    Because you know full well you will never have to pay out since the prices are never going to go that high. The fact that you are knowingly selling insurance to cover an event that will never happen makes it a scam.

    The alternative is that you truly thought it was going to spike that high, which would mean you know jack all about the economy, and should probably stay out of speculation.



    So you are calling a scam because you think Zydrine might not reach 1,200?


    It's an option, if you don't like the price then don't buy it.

  • Zydrine Options – (February 2014) in EVE Gameplay Center

    Lucas Kell wrote:
    Block Ukx wrote:

    Interesting analysis VV.


    Zydrine DOWN
    Sell 814
    Buy 778


    I'm considering adding a ZD1200 policy. Any suggestions on how to price an insurance policy?
    My suggestion would be to stop trying to scam people. You know full well Zydrine will not reach the prices you list.



    Scam people? How? It's an insurance policy.


    Zydrine Price DOWN
    Sell 792
    Buy 750


  • Zydrine Options – (February 2014) in EVE Gameplay Center


    Interesting analysis VV.


    Zydrine DOWN
    Sell 814
    Buy 778


    I'm considering adding a ZD1200 policy. Any suggestions on how to price an insurance policy?