1011700+ entries in 0.765s
mircea_popescu: apple's worth a
trillion on
the strength of owning a market
that's bound
to be irrelevant soon
femtotube: whats
the cost of 200 h of programming and
testing?
femtotube: LOL,
this is funny,
that something like
that is valued at 4.2MM usd
DeaDTerra: 12.282453 BTC paid in dividend
to GSDPT
markac: Note
that .calc is deprecated, consider using .c
markac: femtotube: Sorry, can't calculate
that.
markac: Note
that .calc is deprecated, consider using .c
markac: femtotube: Sorry, can't calculate
that.
femtotube: what was
the size of
the issue in BTC?
mircea_popescu: hopefully next month is 2x over expectation and
that expectation is 6k or something
femtotube: I wonder when
those guys will back
the bags and move on. He got his 10 years or so upfront
OneEyed: femtotube: yeah, but even
those 95% have probably not been passed yet
OneEyed: since it's a passthrough
to MPEX…
OneEyed: Dividends have probably not be paid
there yet
assbot: GSDPT [1@0.0032BTC] paid: 7.468E-5 BTC. Last price: 0.00389 BTC. Capital gain: 0.00069 BTC.
Total: 0.00076468 BTC. (23.9%)
assbot: Requesting data from GLBSE (might
take a while, also might return fishy results as it does not account for splits etc).
assbot: Requesting data from GLBSE (might
take a while, also might return fishy results as it does not account for splits etc).
assbot: Requesting data from GLBSE (might
take a while, also might return fishy results as it does not account for splits etc).
guruvan: ah - yeah -
that works fine, especially for a project I'm working on over here
BTC-Mining: Nope, got
to go harass Amazingrando once again
guruvan: yes it would be nice
to be able
to show someone one asset signed, without showing
the whole portfolio
mircea_popescu: they can ask for order receipts from mpex,
to prove broker isnt a bucket shop
BTC-Mining: OneEyed,
think I'd care about revealing my portfolio?
mircea_popescu: and as such im not doing it. if client doesn't
trust broker client doesn't use broker.
mircea_popescu: therefore,
this would introduce security
theatre, no gain of safety.
copumpkin: OneEyed: so not
to you, since you only have one?
OneEyed: BTC-Mining: yes, but it forces you
to reveal your portfolio, as underlined by copumpkin
mircea_popescu: copumpkin
the problem i see with substatements is
this : a person could claim falsely
they are covering many accounts with
the statements for just
the largest one
OneEyed: usagi: such a protocol should be submitted
to as many pair of eyes as possible
copumpkin: but you at least have a statement signed by MPEX saying
that you own shit
copumpkin: so you don't have
to reveal your entire holdings
to your clients, as a broker
copumpkin: it'd be nice
to get subset statements
OneEyed: mircea_popescu: (you can only prove
that you bought a share, but
that doesn't show
that you haven't sold it)
OneEyed: mircea_popescu: more or less - you can still not prove ownership of a share
to
the asset owner, can you?
mircea_popescu: the 20 btc you pay pretty much gets you a floor spot. you can
trade on your own acct or be a broker, w/e.
mircea_popescu: if you chose
to
talk
to it directly YOU are
the broker.
mircea_popescu: if you choose
to go
through one mpex is just
the exchange
OneEyed: usagi: if a protocol could be worked out with
those brokers
to ensure
the information is not lost if
they default or get hacked,
then
they would be usable without concerns
OneEyed: usagi:
the problem with GLBSE and MPEX is
that
they act as a broker, in addition
to being an exchange. As long as
they don't keep an outside copy of
the up-to-date investors portfolios,
they disappearing make
their investors broke
BTC-Mining: Difference is, FDBF would have losses as soon as any holding
they have a loss of value. BTC-BOND would not.
OneEyed: Ok, never seen his name. Maybe because
there's no asic yet.
OneEyed: I
thought friedcat reference was some kind of a joke I didn't get. Is
there really someone nicknamed friedcat?
OneEyed: So you're saying
that you'll multiply
the investors BTC without ever risking
their money?
BTC-Mining: Contractually,
they are quite different in how
they work however.
OneEyed: Yes, I know. But
the goal is
to get money, right? Given
that both are on GLBSE,
they are practically indistinguishable by casual investors.
OneEyed: BTC-Mining: yep,
the most
transparent I've seen in a while
OneEyed: usagi: you wouldn't have known by doing your liquidity
test at
the beginning
OneEyed: usagi: you could do
that with Pirate at
the beginning
too
OneEyed: That will be funny
to look at.
BTC-Mining: I want
to see first if BFL really delivers
their ASIC beggining of November
OneEyed: Oh, "secured by GLBSE assets". I would chose FDBF if I wanted
to
trust GLBSE right now, better interest rates.
OneEyed: How much you want (MIN/MAX), for how long, and what you're ready
to pay as interests for
the loan
BTC-Mining: I do a lot of
trading. I almost always have a large part of funds in bids.
BTC-Mining: If you can't
trade, loan
the funds
to me.
There's my personal portfolio in front of loaned money
to absorb losses.
BTC-Mining: Psst, BTC-BOND.
The entity is myself and myself only.
OneEyed: I guess many people feel safer with such "I may screw you clause, invest accordingly" because
they feel warned and more empowered by
their decision
to "invest"
mircea_popescu: OneEyed people need
to learn somehow
that calling yourself "investor" doesn't make you one
mircea_popescu: and ofcourse
the entity is secret, so
the claim can't be verified.
OneEyed: "Whatever
the entity is. You cannot check
that didn't just steal your BTC. You lose." <-- should have been added
too
mircea_popescu: Chaang-Noi "I now have more BTC
than I once did. What
this is for is unclear." wait. what ?!
OneEyed: BTC-Mining: + "In
the event of failure of
the entity receiving pass-through investment,
these bonds will not be repurchased."
mircea_popescu: contracts get more and more complex, people don't like
to read
BTC-Mining: Be careful
there usagi... with statements like
this people will call you a clown. I mean, more
than before.
BTC-Mining: Everyone is fun until
they start doing business.
rg: before
the rig got
too big
BTC-Mining: Not often... but on IRC most are more casual
than on
the forum.
OneEyed: Obviously
that didn't cause you
to mass buy OBSI.HRPT, so news are probably not good :)
Chaang-Noi: night all..
think i
tracked down
the dragon...
rg: i need
to pay some bills
mircea_popescu: someone should make a scamcoin altchain which uses adresses in
the format 1ililililiiiilli
BTC-Mining: Oh,
that's a deal Gigavps? Perhaps you could
tell me
the many benefits of such a deal?
rg: since
the first day i found out about bitcoin-oc
gigavps: rg no, i have enough for
the moment
rg: ive always wanted
to see
that
gigavps: i'll
take care of
them for you
gigavps: BTC-Mining give
them
to me
rg: i just dont feel like logging in
there, etc
rg: that's
the highest ask on btc-e