log☇︎
1012900+ entries in 0.797s
mircea_popescu: OneEyed so dividend not linked to nav ?
OneEyed: mircea_popescu: a defaulting loan doesn't affect the existing number of shares of GLBSE assets, only the net value of the fund
mircea_popescu: OneEyed how's that work ?
Cylta: Mircea, I think you should make everything a bit simpler with your bonds and stocks...
OneEyed: Just the NAV and future liquidity usable by the fund
PsychoticBoy: We re going to put up a motion tpo buy BTCFPGA asic miners
OneEyed: What's good here is that even the recent loan defaults don't affect the dividends
mircea_popescu: difficult to compare risk profiles.
mircea_popescu: MPBOR is 5.1% atm, but that involves some risk.
PsychoticBoy: better than most funds like DMC ( not a mining company more a fund) BMF, M.ETF etc
mircea_popescu: per month this is ?
PsychoticBoy: no more than 1%
OneEyed: Bugpowder: not here - I sold 5 shares just before and 6 shared just after the dividend, same price
Bugpowder: because as soon as dividend is paid, price drops = to dividend payment
PsychoticBoy: I do think GLBSE will survive
mircea_popescu: maybe that's when payment cleared or who knows
OneEyed: I don't understand buyers sometimes, two hours before he/she would have got the dividends as well
OneEyed: Ehh, that trade must be my shares, 6 shares closer to GLBSE outdoors
mircea_popescu: dude, and i told him to get the fuck off his dragon
Bugpowder: "If you are coming for a visit, I would like at least a voice message a day or two prior. Harm toward family's off-limits, and I would physically object to bodily harm which may result in my stay in a hospital, as that'd further impede repayment. I am armed, so please keep ideas of physical violence in check."
Bugpowder: Kluge, bro, close the computer, and pretend it never happened.
mircea_popescu: everybody on the forum should be forced to suckle her toes daily for weeks.
mircea_popescu: when the girl was telling him THE EXACT THING months ago... he was all tail up.
Bugpowder: I was just copying that to paste it here
Ignatius-otc: I'm sorry he is having troubles but that lady needs to leave.
mircea_popescu: apparently planning is not something these forum finance wizards dabble in.
mircea_popescu: I previously intended to empty my non-legal wife's (we personally consider ourselves married, but legally, we are individual and thus have rights we'd otherwise forfeit) 401(k). I obviously did not want to do this, but it became clear it was necessary as I was looking at $200-250/wk interest on this single debt while having been financially raped by loans to various members of the community
OneEyed: (even if I think he should better borrow to buy his own debt at a discount, since people will panic sell)
OneEyed: mircea_popescu: he still plans to reimburse everything
mircea_popescu: i never shorted that one :(
kakobrekla: would need to check that
kakobrekla: no i think its not a month yet
kakobrekla: i need to add mpex and others
mircea_popescu: Ignatius-otc stop trolling and lieing and demonizing drama!
kakobrekla: Completed txs: 264 | Completed txs vol: 1289 BTC
kakobrekla: its on the bottom of the page
Ignatius-otc: ok well please link it here I get lost wading through btctalk drama
kakobrekla: bit4x goes tomorrow
Bugpowder: no I think we have reached an inflection point
kakobrekla: no, i will open the page for public tomorrow but btctalk annoucment will wait a few more days
Ignatius-otc: kakobrekla, have you posted a thread to btctalk yet about the new service?
kakobrekla: I think its just a bubble.
mircea_popescu: well the unseemly part was sarcastic.
OneEyed: (I cannot tell if you are sarcastic or serious)
OneEyed: mircea_popescu: this is the first time I come to this channel, are you saying the volume of financial discussion went up recently?
mircea_popescu: (btw i am shocked, shocked i say at the unseemly volume of actual financial discussion taking place in thsi chan of late)
mircea_popescu: dub if he does then buying it would be divesting btc. who wants that ?
mircea_popescu: he should have the sense to write a pretty decent business proposal
mircea_popescu: me too, especially if he has the sense to manage a 1mn dollar hydroponics farm
Bugpowder: I think any legit producer can get investment easily from non-bitcoin denominated things
mircea_popescu: obviously he could get options to hedge, but still.
mircea_popescu: now that is the odd part. he says cause we're philosophically aliogned.
Ignatius-otc: yes but if I go to get a loan I need to provide something showing why I need the amount I claim to need
Bugpowder: but why do they need capital from bitcoin market?
mircea_popescu: even if it's just a guy-and-his-gf type of op
Ignatius-otc: I recall seeing many of his posts throughout btctalk. Even still it doesn't come across to me as an honest business proposal. Large startup costs with little info. Of course, it's only a matter of time before growing and distribution are legalized
mircea_popescu: Ignatius-bot the ideea itself may have merit, and he;'s hitting on some nice sales points with civil disobedfience et all
mircea_popescu: read that whole thing it details the workings of mpoe
mircea_popescu: Cylta there's a bond system, let me find you the link
Cylta: Mircea , who paying for options on mpex? (In case of they were profitable)
Ignatius-otc: wonder what the license will cost
Ignatius-otc: well, interesting read. I won't be investing anytime soon with that individual.
mircea_popescu: srsly, what's everyone's take on thsi guy ?
mircea_popescu: We are seeking a total of $1.5 million dollars over the next three years with an initial need for $350,000
PsychoticBoy: ok nice, good in my tea or just to chew on
PsychoticBoy: I dont rweally offer it, but since i live in the Netherlands all can buy from me if they wish
PsychoticBoy: and thats for sure
PsychoticBoy: better than at silk road
kakobrekla: why would anyone buy that
PsychoticBoy: not really I grow 5 plants in my garden legally but can buy great quality at the coffeshop
PsychoticBoy: only you take the risk, here its legal
OneEyed: I don't know what the new law (I don't even know if it's a law in fact) covers
PsychoticBoy: I can sell to foreigners, just vacuum and post it
OneEyed: PsychoticBoy: yeah, you can't sell weed to foreigners any more, could you sell parts of weed production?
PsychoticBoy: <OneEyed> PsychoticBoy: would you be able to sell to aliens starting 2013?
mircea_popescu: ya, turkey is nice in the winter
PsychoticBoy: nice holiday in Turkye ±D
mircea_popescu: not unless you go through istanbul
PsychoticBoy: ok then i am able to take that trip in my subaru
mircea_popescu: 1000 km from amsterdam to ljubliana
kakobrekla: i done that road couple of times
OneEyed: PsychoticBoy: would you be able to sell to aliens starting 2013?
kakobrekla: PsychoticBoy, same distance from here to NL than from NL to here
PsychoticBoy: oeh slovenia, its to far, the btc conference was quite nice and boring though
mircea_popescu: i can't travel on a week's notice ffs
grubles: ok thx
grubles: mircea_popescu, what was that python script for mpex commands?
jurov: [GLBSE][S.HASH] Dividend of 5.622 kg sent to notional float of 100000 shares.
mircea_popescu: its a nice town, it's cheap and warm.
OneEyed: I spent two weeks in Amsterdam this summer, that was nice
mircea_popescu: winter there sux
mircea_popescu: might be an ideea, tho not in the winter
kakobrekla: we should have a meet there
mircea_popescu: send leaves through the mail
PsychoticBoy: wow I will set up a growing plan for my weed stock, I ll grow and sell and give shareholders a piece of the profit
mircea_popescu: i like this mindset :D
mircea_popescu: "Have you considered using GLBSE for this fundraising operation? I would be hesitant to just send you some bitcoins, but if you were verified on GLBSE and offered an IPO I would definitely invest."
Bugpowder: well, this a market of imperfect investors and information.
PsychoticBoy: I live in the Netherlands so I could make a pot company ( LEGALLY)
Bugpowder: are there