log☇︎
1000800+ entries in 0.632s
mircea_popescu: you know, like if you don't make the mortgage payments cause your cat was sick
mircea_popescu: that 5 minute delay is how long it takes to do it.
BTC-Mining: That's the thing. You'd be disregarding all possible laws Nefario might want to comply to by selecting that 5 minute delay.
mircea_popescu: the expected time to pull data from db is 5 minutes.
BTC-Mining: Yes, but the delays should be set accordingly to the expected time it will take them to do so, and you usually add an extra on that in case.
mircea_popescu: foreclosure works the same exact way, for instance.
mircea_popescu: regardless if they "will" do it or not.
mircea_popescu: BTC-Mining yes, that's the principle of the thing. when someone says they do something and then they don't do it, they get some time before being cut off
BTC-Mining: You're unilaterally taking a decision to void claims because Nefario does not release information fast enough for you, regardless of it it will be released or not.
copumpkin: thought all that drinking was kind of stupid
mircea_popescu: you would, too.
mircea_popescu: what is this, college ?
mircea_popescu: and you figure this matters ?
mircea_popescu: o, he doesn't want to does he ?
mircea_popescu: for instance patrickharnett is getting axed tomorrow on the dot.
BTC-Mining: Because Nefario DOES NOT WANT to simply pull the database's fields and send that.
mircea_popescu: i thought they are ;/
BTC-Mining: So on that account, I think delays should be set as such to allow the benefit of doubt that Nefario intends to repay.
mircea_popescu: but i stil lfail to see how the whole month of november is an unreasonable allowance to fucking pull some fields from a db and send them to peopkle
mircea_popescu: yes man, which is why we weren't having this conversation on the 15th
BTC-Mining: But to my surprise, balances actually started to be paid.
BTC-Mining: So was I. I could almost have expected to write it off almost right away.
copumpkin: not that he got any out of me
copumpkin: I wonder what he's doing with all the money
mircea_popescu: people seem more religious than business-oriented in btc.
mircea_popescu: not that anyone listened then or anything.
mircea_popescu: nah im about to call it a night soon
BTC-Mining: You're treating it like every other Bitcoin scam with the equivalent delays before declaring it lost.
mircea_popescu: BTC-Mining the sticking point is the reasonable part of more reasonable.
BTC-Mining: So why not have a more reasonable delay, on general principal. Balances have been partially paid out. Nefario communicated with the shareholder his intent to not act upon their vote if it was not lawful to do so.
mircea_popescu: copumpkin paulson in 2nd place, that must have gone over well
mircea_popescu: and afaik at least one glbse failure was already resolved, without protest for that matter.
mircea_popescu: i wouldn't erase the data right away on general principle.
BTC-Mining: Eh, I thought so too. 1 month is just a token period. You'd erase the data right away if it wouldn't raise protest. You already consider it gone.
mircea_popescu: what is left to hang hope on ?
mircea_popescu: is the website online ? neither.
mircea_popescu: is the guy here defending himself ? no, he's not. is the company still standing ? no, it was dissolved (retroactively).
BTC-Mining: I does not prevents him from disclosing the information.
mircea_popescu: man, forget the because. look at things objectively.
BTC-Mining: He got a scammer tag because Theymos was a shareholder and got screwed in this because Nefario doesn't recognize their decisive power because he claims he can't honor requests that would make him break the law.
mircea_popescu: this was the last ditch of credibility left.
BTC-Mining: I would have no problem accepting it if I had agreed the delay was reasonable, and waited the whole of that delay.
mircea_popescu: the guy got a scammer tag for chrissakes
mircea_popescu: nefario went silent, before this. their board broke apart.
mircea_popescu: but see, glbse.com going offline is really the absolute last signal of dissapearance.
BTC-Mining: I'm contesting that this decision is appropriate for right now.
copumpkin: little did you know that Chaang-Noi was a hedge fund manager
BTC-Mining: GLBSE.com went offline. You decided to, right now, allow 1 month.
mircea_popescu: copumpkin o wow, tyggr ?!
BTC-Mining: We didn't wait a month, that's the thing.
BTC-Mining: "[23:25] <mircea_popescu> we waited a month, and you are saying "well we should wait six cause this guy is slow""
BTC-Mining: I'm not contesting it 1 month after. I'm contesting the fact you chose 1 month from day 1.
smickles: and if you disagree on first principles, one of you is a turnip
smickles: mircea_popescu: you'd only do it back to first principles, not ad infinitum
mircea_popescu: we waited a month, and you are saying "well we should wait six cause this guy is slow"
BTC-Mining: I'm contesting that.
mircea_popescu: BTC-Mining but that's exactly what we're doing today.
BTC-Mining: Not by reviewing them later as: "Well we went on waiting 10 years, why not 100?"
mircea_popescu: more constructively, do you have something better than that, i'd want to know
BTC-Mining: But by today's standard.
BTC-Mining: No. Because it has to be set as a hard limit.
mircea_popescu: that's kinda absurd, we'll never be done if we go that way
mircea_popescu: why'd he have to contest it
smickles: BTC-Mining: do you contest this 'order of magnitude' argument?
mircea_popescu: BTC-Mining yes, they will be slight, by today's measure. cause today the scent is still fresh. but in 9 years it will seem reasonable to wait 100 rather than 10.
mircea_popescu: smickles degree of magnitute more than the smallest contractual breach
BTC-Mining: In 10 years, odds of data remaining gets slight, especially as the storage on which the data was is probably destroyed and unless some guy (who never gave news or disclosed this date), kept moving it to new storage as time went by, the data would be lost. Which is expectable and probable. Why would the guy keep to back it up if he's not disclosing it?
mircea_popescu: smickles well we agreed on principle but not on the actual interval so far.
mircea_popescu: i don't claim it's perfect or anything, should carry the day
mircea_popescu: still doesn't indicate why six months is more reasonable than six weeks
smickles: mircea_popescu: lets do this logically, you made the first positive claim right?
mircea_popescu: if nothing happens in am onth, better wait two. if nothing happens in two better wait six
mircea_popescu: cause it's purely arbitrary. yes, the chances to get something decrease with time. so, if nothing happens in one week, better wait a month.
mircea_popescu: in principle the same could be said of 10 years vs 1000 years.
BTC-Mining: Because it's perfectably expectable for information to be released in more than a month, while it is not in 10 years without any news.
mircea_popescu: some time limit will have to be enforced. why this rather than that ?
mircea_popescu: we only got into that cause smickles brought it up, but otherwise, the point is more along the lines of,
mircea_popescu: and at any rate the whole involuntary bailee point is mostly academic, it just rehashes the obvious "tough tits" line
mircea_popescu: anyway, even the example as given is simplified, because it gonflates giga and glbse into A.
mircea_popescu: quite the contrary.
mircea_popescu: BTC-Mining there's no limitation that you can only be ib if you can divest in a manner convenient to all partsi nvolved
BTC-Mining: To be the involuntary bailee, you'd have to be holding the claim from C to A. Where you could throw out the claim or quite simply give it to it's actual beneficiary.
BTC-Mining: No. B indeed (re)leased office space to C.
mircea_popescu: while C may be entitled to that claim, it's really not much of B's business.
mircea_popescu: this makes B the involuntary bailee of C's claim, because B never leased to C any such thing as "future claims to the office space conditional on A's performance in court"
mircea_popescu: smickles no, it's more complicated. person A leases a building to person B. person B leases office space to C. person A is arrested and the building confiscated. C demands from B that B ensures C gets the office space at a future time if the building is returned to A.
smickles: assumes there was not a force majeure clause in the lease
smickles: is mircea_popescu still responsible to provide an office to that person?
smickles: (leased to someone else)
smickles: mircea_popescu leased an office in a building, the building is taken out by a tornado
BTC-Mining: The claims were sold to me. I'm the current holder. You are not. You are the issuer. You cannot be the unvoluntary bailee of your own issue.
mircea_popescu: it has in practice been replaced by a vague sort of claim thing.
mircea_popescu: BTC-Mining because the vehicle for my ownership was the glbse share
BTC-Mining: Aka, the giga.etf
smickles: wait, do we really consider having stuff associated with your glbse account ownership? (maybe off topic)
BTC-Mining: How are you the unvoluntary bailee of those other things?
smickles: BTC-Mining: didn't you claim to have bought a bunch of f.giga when glbse went down?
mircea_popescu: yes, the assets.
BTC-Mining: You are not an unvoluntary bailee. You received the assets of your own will and held them of your own will for the purpose of selling claims to it. You never received them against your will. In fact, they're currently TAKEN AWAY from you against your own will. Not forced upon you.
mircea_popescu: conveniently BTC-Mining is taking the other side, i'm not sure i'd prefer anyone else for it.