1007000+ entries in 0.663s
Chaang-Noi: what if a code is used more
than once?
copumpkin: are
they long/random enough
to be unguessable?
Chaang-Noi: nefario made up a system
that clearly wont work for more
than one reason
copumpkin: I guess you're expected
to keep records
Chaang-Noi: people are
to
then send me
their secret code and
then problem solved...
Chaang-Noi: i have no way
to know what code has been used
twice, what one is real, its soo crazy
Chaang-Noi: people can use
the codes more
than once
copumpkin: I still would prefer him not
to get in
trouble
though
copumpkin: or paid attention
to it or something
Chaang-Noi: well copumpkin my assets were delisted. i was
then givien a bunch of random numbers,
the share holderes were
then mailed a matching code. and we are supposed
to meet up somehow and
trade assets for codes.
femtotube: Chaang-Noi: I also had a code
to get something from your securities
copumpkin: Chaang-Noi: nah, I'm way behind
the
times
Chaang-Noi: copumpkin you must not know about my assets being delisted and me being given a "code system"
to find
the asset holders?
femtotube: Chaang-Noi: not in
this scammers an liars community :)
copumpkin: anyway, I'd much prefer if nobody got screwed over
this, especially people I like
femtotube: btw, I am in attempting
to set up a OT server
to see how it works and can it be used
to pick up where GLBSE left off
Chaang-Noi: femtotube just because
they have btc does not mean
they can spend
them.
they ahve
to hold
them forever until
this gets solved.
Chaang-Noi: yes copumpkin,
that is what i was
told
to and one of
the meany reasons why i should not accept a code system.
femtotube: how come Chaang-Noi?
They have
the coin and "no way
to pay" back
copumpkin: rather
than
the people we generally consider
the issuers
copumpkin: Chaang-Noi: I've heard other people saying legal advice
they received suggested
that issuers (even in
the US) would be shielded by
the fact
that nefario acted as more
than an exchange, and he would
thus be on
the hook for
the issuance of bad securities
Chaang-Noi: if nefario does what i
think he will. he however might not so we will just have
to wait.
Chaang-Noi: no,
the sec issuers are pretty screwed.
they are now in a very bad spot.
femtotube: in short, nefario made huge present
to all
the sec issuers?
leotreasure: how does nefario know where
to send all our coins
to?
Chaang-Noi: but
that update did not sound
too good.
Chaang-Noi: i was
told he was, and i guess he still might.
Chaang-Noi: and i
thought he was going
to do something like
that
Chaang-Noi: the coins need
to go
to nefario first so he can verrify
that
the correct owners get
them
Chaang-Noi: if i
take
the code system and
the feds arrest me i can say i dont know where it went and cuz i
trusted some guy who was made at me named nefario...
Chaang-Noi: if
the feds arrest me and ask me where
the money went i can say pirate and i can say why.
kakobrekla: pirate could be a
terrorists laudring money ... you didnt have a problem back
then?
Chaang-Noi: i know, it sucks. i had hoped nefario would be able
to come up with a better option
Chaang-Noi: as far as i know he is giving
these codes
to
terrorists and is using me
to launder money.
Chaang-Noi: i can only accept
the code system if nefario will
take
the liability for it going bad and BS aml stuff.
pigeons: is your main concern with
the code system
that you don't
trust
that
the information is accurate?
pigeons: what are your suggestions for an alternate
to
the code system?
Chaang-Noi: i agree pigeons but i expect
things will slow down. iv already been
told i cant accept
the code system glbse gave me
pigeons: well lets see if everybody gets back
the coins
they do have an accounting of what
they have and
then we can bitch about how it sucks
Chaang-Noi: not really sure why
thats cool, im sure most people have invested in now worthless assets, not have btc being held on glbse
pigeons: its going
to be a massive mess, we know
that, as long as it keeps moving forward from here, its better
than moving backward or not moving
Chaang-Noi: but
this asset
thing is going
to be a mess, a massive mess
Chaang-Noi: yeah it would be nice if people got
their coins back.
pigeons: nice, look,
the whole situation sucks, he's closing down so your accounts will be closed. let's just hope for
the best
that everyone gets
their coins back and an accounting of who owns what
Chaang-Noi: Update:we will begin processing account closures and returning bitcoin later
today.
mircea_popescu: ou know
that if I can actually consider paying
the fine myself,
then
the fine is
too small.
mircea_popescu: stands
to profit 90 btc on
those c090t if btc goes
to 15
mircea_popescu: tho you'd have
to be imo insane
to sell s.dice half price
to buy calls.
rdponticelli: Why I believe all
that money is headed directly into an exchange?
rg: i vote
that we just let rg have all our money
mircea_popescu: After
the legal issues are sorted out, my main concern is how
to create one
that is not centralized, and not run by a small group of people. I am already working with some
top notch security and hosting people,
mircea_popescu: I am meeting with my lawyers
this week
to investigate
the legality of operating a bitcoin stock exchange, or something along
those lines, in Canada. I deal with a global law firm
that does a lot of work in
the financial sector, so
they should be able
to provide me with a solid footing.
mircea_popescu: that's
three weeks
that were actually paid. if/when giga manages
to sort out
the glbbq mess
there'll be more.
kakobrekla: Another reason
to keep bond fees high :>
mircea_popescu: Security
through obscurity is not security. Passwords are security
through obscurity, so yes, it is.
Chaaang-Noi: long weekend in usa im sure is also hurting
the btc price
kakobrekla: why would be people unplugging
them hashers
mircea_popescu: There has been [for awhile] a fairly reasonable service from MtGox lately as far as withdrawals were going. Is it going back
to
trouble mode? I have week worth of withdrawals, all don't move.
gribble: Best bid: 10.96809, Best ask: 11.089, Bid-ask spread: 0.12091, Last
trade: 11.089, 24 hour volume: 87181, 24 hour low: 10.621, 24 hour high: 12.21
mircea_popescu: cause
theymos owns
the forum and has asked
the guy
to do it ?
Chaaang-Noi: kakobrekla is
that pretty easy
to do at a computer shop?
mircea_popescu: "I've decided Nefario will get a scammer
tag for
this. "
Chaaang-Noi: i have a lap
top
that works fine other
than
the scree will light up only about 2% of normal, just enough
to know it is
there...
this is pretty much fucked right?
Chaaang-Noi: im pretty well
trusted, im more
than happy with
the level of
trust
the comunity has given me
mircea_popescu: anything other
than
that level of disclosure -> fraud.
mircea_popescu: he should have saiod "im selling because nefario will likely crash
this
thing and i'd rather get something
than nothing"
Chaaang-Noi: i kinda
trust him, i doubt he expected nefario
to go bat shit crazy
Chaaang-Noi: well he said he was selling becasue he did not want his name listed on
the legal papers
mircea_popescu: he should have FIRST delineated all
the problems he was seeing
gribble: Best bid: 11.02502, Best ask: 11.12, Bid-ask spread: 0.09498, Last
trade: 11.02502, 24 hour volume: 86323, 24 hour low: 10.621, 24 hour high: 12.21
Chaaang-Noi: who would not want
to sell? also he was selling becasue he did not like
the direction glbse was going,
the legal path,
theymos made
that clear
mircea_popescu: or at least
trusted before his entire sell shares sinking ship
thing.
Chaaang-Noi: it is odd seeing nefario go after
theymos, one of
the most
trusted people around