1008700+ entries in 0.976s
BTC-Mining: Yes. I haven't really asked about
that
tho.
BTC-Mining: Mircea said it would not upgrade
to
TERAMINING in any case.
mircea_popescu: i
think even if glbse never comes back we might be able
to reconstruct some chain of ownership
BTC-Mining: So only
the new issue would hold any value.
BTC-Mining: Even if he did such a
thing as reissuing, GIGA.ETF would hold no value
BTC-Mining: The proof GIGA.ETF had rights
to any proceeds is now offline.
BTC-Mining: aye... but GIGA can't jsut resell
the hardware once again on MPEx... or list for
that matter.
mircea_popescu: maybe
they're banking on
the
theory
that giga will have
to be listed somewhere
BTC-Mining: Who buys GIGA.ETF when GLBSE is down and GIGA.ETF won't upgrade
to
TERAMINING?
B0g4r7: A Satoshi is
the smallest possible denomination of BTC?
rdponticelli: In fact, my bid for glbse shares is lowering
to 1 satoshi
B0g4r7: I would bet
that glbse will not be back online and executing
trades by
the end of Oct.
B0g4r7: Everything but
the BoB staff.
rdponticelli: This is bitcoinland, everything is
thunderspeed
B0g4r7: You sure are a fan of
these Roman numeral-based lists, aren't you?
rdponticelli: If
that's
the case, most chances are
that when you have a statement posted, it's already solved
B0g4r7: Maybe
the site's just
too slow.
The last
time I submitted a statement it
took days
to get approved and posted.
BTC-Mining: Because GLBSE is down so no bitcoins
to vote?
B0g4r7: Ppl should be betting like mad over
this.
B0g4r7: I'm surprised nothing's up on betsofbetco.in about
the glbse situation.
gribble: Best bid: 12.82, Best ask: 12.84796, Bid-ask spread: 0.02796, Last
trade: 12.84798, 24 hour volume: 29553, 24 hour low: 12.51, 24 hour high: 12.97
BTC-Mining: Because people are allergic
to anything happening out of
the daily routine by now.
BTC-Mining: This is
the current effect on bitcointalk's community of recent events.
mircea_popescu: Oct 01 01:47:43 <Bugpowder> I don't
think GLBSE is going
to survive
mircea_popescu: Oct 01 01:47:42 <mircea_popescu> Obsi
ty, but it doesn't seem like anyone has a choice. glbse is going away. now's everyone's change
to learn gpg.
mircea_popescu: people'd prolly go on about how
this is all a last minute cover-up
BTC-Mining: If it was something completly benign and he simply felt
too busy
to announce it in details
BTC-Mining: That would probably be a mindblowing hit
to his PR...
BTC-Mining: Also, knowing how good Nefario is with PR, I wouldn't be surprised if he reappered soon after
the silent week all surprised about seeing everyone in a panic and announcing he just completed rolling out GLBSE v3. He's so deep in his work sometimes he seems oblivious at what people would expect
to be said upfront.
BTC-Mining: I never really invested in Pirate. Assuming
that's what happens, I'd get funds frozen until accounting is figured out.
mircea_popescu: BTC-Mining if it helps you anything, i can offer you 100 btc's hedge on
the later point.
BTC-Mining: Although
those scenarios seems somewhat unlikely
BTC-Mining: Well let's at least wait until Saturday and see if Nefario ran into legal
trouble or
the SEC wants
to clawback ponzi earnings at
the only place
they can intervene (centralized system like GLBSE).
BTC-Mining: Eh, me neither, but apparently, not as much as a lack of rule
than
those rules not being enforced.
BTC-Mining: It would have been easier if he lived in China and not in
the UK however.
mircea_popescu: this is
the definition of safety in nucet : plan well, stick
to plan.
BTC-Mining: Ideally we'd just have a peer
to peer stock market
that anyone can issue on.
BTC-Mining: Eh,
the problem is
that since it's centralized, he had
the ability
to intervene and people put pressure on him left and right and
things started
to change.
BTC-Mining: At least it doesn't seem like Nefario wanted
to approve some issuers as
trustable and others as not
trustable. He didn't want
that responsibility I
think.
mircea_popescu: like allowing canadian
ticket buying "mining operations".
mircea_popescu: once
things expanded a little
the structural weakness collapsed.
mircea_popescu: they were good enough, for sums up
to 100 btc and sunday casual mmorpg play.
mircea_popescu: people
thought (wrongly) glbse is good enough, and ppl
thought (wrongly) nefario is good enough.
mircea_popescu: fact of
the matter is, and we have
to face
this,
the infrastructure was not ready.
BTC-Mining: Not
to count
the waves of bad amateur "ponzi" offers
that appeared from new members right after
the news headlines about Pirate.
BTC-Mining: Eh, yeah... Pirate is one of
the worst
thing
to have happened
to Bitcoins.
BTC-Mining: The whole Bitcointalk community seems
to be standing on
the edge 24/7 since forever.
mircea_popescu: so many
things went
to shit past 3 months people are hysterical
BTC-Mining: But I've seen bigger
things
than GLBSE go down without notice without people going crazy over it within 24 hours.
mircea_popescu: but more's
the point : now you know how glbse shareholders feel
BTC-Mining: No. What about MPEx? What do you have in place supposing you die
tomorrow?
BTC-Mining: They don't know what's going on, which does not mean
they don't receive a daily backup or anything.
mircea_popescu: dub well yes, he does have a problem. actually all
things considered i
think he;'s pretty calm.
femtotube: BTC-Mining: a plan?
Those damn shareholders have no idea wtf is going on.
There is no plan
femtotube: do not start with
this contract BS. Do you
think
they really give a shit?
BTC-Mining: Also
there's supposed
to be backup plans in place. Hopefully if Nefario is gone, which is purely speculative,
the other owners of GLBSE can at least give us
the info needed
to pay out people.
femtotube: same for
those shares in imaginary Co's
femtotube: I guess all
the bond issuers are ecstatic right now. No exchange, no obligations
dub: BTC-Mining: it sounds like you're saying, 'hey, I already have
their money, lol'
jcpham: i would donate blood or semen for you,
though
rg: like you wouldnt be afraid
to leave me alone with your lil sister
jcpham: do we want
to go
there
BTC-Mining: Issuers have
the money OUTSIDE glbse.
They don't keep it on GLBSE,
they need
to use it.
BTC-Mining: [17:52] <dub> at
this point, I would be shitting brixx if I had issued an asset
dub: yeah because
that would magically get him out of jail
jcpham: black-bagged off
to egypt?
rg: all he' dhave
to do is
transfer it
to someone else
rg: if he actually was in
trouble for glbse
rg: nefario is going
to sort everyhting out
dub: at
this point, I would be shitting brixx if I had issued an asset
rg: it is AGAINST
THE LAW
rg: but dont claim
to be a fucking non profit
rg: and im fine with
that
mircea_popescu: dude, if i ran
the forum i'd expect
to be paid. it's only natural.
rg: when i made
this stink
BTC-Mining: dub: I
think
the other holders of GLBSE know more about
that.
rg: he just lies and claims
they are
dub: do we have an estimate of how much btc is
tied up in glbse?
rg: yeah
the community has seen 0.00 btc from
theymos
dub: DOIN IT FOR
THE COMMUNITY BRAH
rg: i was like .. no amount o clients is worht
this
rg: we used
to advertise on btalk
dub: also,
they sell advertising