1019100+ entries in 0.802s
rg: ;;later
tell nefario done
mircea_popescu: look, if you put no company money into anything
then you can't own anything. nothing from nothing doctrine.
Diablo-D3: so, was verizon right in canceling
those contracts after selling
them
to fairpoint? according
to you,
they're not assets even
though
they were crucial
to
the operation of
the phone system
Diablo-D3: now, what verizon did was cancel
those contracts after fairpoint purchased
them but before
the ownership switchover date passed
Diablo-D3: fairpoint is one of
the big phone companies in
the US
Diablo-D3: in
the contract between
them and verizon when
they bought up
the northeast service area, assets sold
to fairpoint included various contracts
Diablo-D3: fairpoint would largely disagree with you on
that
Diablo-D3: mircea_popescu: its funny you bring
that up
BTC-Mining: Anyone wants
to get rid of
their GIGAMINING shares?
mircea_popescu: "No BTC from DMC has gone into
the web hosting service project"
this would mean "no assets".
Doffx: Sorry im bored and waiting for game
to download.
Doffx: I bought 1000 shares and
traded it for DMC
Doffx: That was an Iphone
text moment in IRC.
Doffx: What
the heck is languange?
Doffx: wow
thanks spell check
Diablo-D3: slightly more approximate
than yours at
times
Doffx: Not even close,
there would need
to be at least 10 mispellings, and 15
typos and a sentance
that makes no sense whatsoever.
Doffx: Need
to
try harder I suppose.
Doffx: haha, I was just
trying
to be funny.
Diablo-D3: mircea_popescu: you... dont read...
threads....
mircea_popescu: Doffx i get weekly digests, but more's
the point, wtf sort of q is
this
to need a reference answer. "yes, 500 dollars in cash and a used condom.". "no"
Doffx: mircea_popescu, is all knowing, he doesnt do
threads.
Diablo-D3: mircea_popescu: read
the
thread more
Diablo-D3: mircea_popescu: Ive already answered
the question
Doffx: Wtf with your name
too
Diablo-D3: mircea_popescu: yes, I have some celery in
the fridge, shareholders can have it.
Doffx: dammit I cant seem
to hit
the . button
tonight
nefario1: had some organic coke
the other day
Diablo-D3: are you asking
the question if DMC is moving ahead on other parts of
the plan? yes.
mircea_popescu: BTC-Mining well his
theory is
that under any management other
than his own investors are "getting shafted" mostly because
the liquidation value of assets diverges from
the arbitrary value he assigned
to same assets.
Doffx: It makes me sad daily
that I didnt sell at 12 when I planned
then
talked myself out of it
Doffx: I am on
that other list jcpham
Doffx: I still want
to see friedcat get his going sooner.
BTC-Mining: He's going
to either liquidate
the assets and return
the funds
to shareholders or motion for a new person
to manage DMC
Doffx: I
think even modminer will be january
Doffx: I realisticly expect
these
things around january
jcpham: Doffx is also on
that list of people repaid
Doffx: Its coming out next week, you didint see
the post?
nefario1: they can always vote down
the motion
[\\\]: asicminer going up, does someone know something
the rest of us don't know?
Diablo-D3: nefario1:
that you're going
to shaft shareholders based on a motion most of
them dont have enough information
to make a decision on
Diablo-D3: I havent stopped working on DMC, even with nefario's
threats
Diablo-D3: BTC-Mining: yes, and I have been working
through
them
BTC-Mining: ... on
the contrary, you need
to work
through
them. Being little
things,
they're easily walked over, not impossible
to pass walls.
Diablo-D3: if you let every little
thing stop you, you'd never get anything done
Diablo-D3: you have
to be stubborn
to do
this kind of work
Doffx: I
thought my wife was bad, glad im not married
to you!
Doffx: Diablo-D3, haha you have got
to be
the most stubborn person ive ever seen.
mircea_popescu: nah, i recall a conversation we had where you were
trading about 1/6 of mkt value
Diablo-D3: the only
thing
that differed greatly was asicminer
Diablo-D3: I
traded most of
the stuff for _now_ ~1 btc = 1 dmc
Diablo-D3: instead of
thinking about it for a moment,
they ran off half cocked and will probably end up costing
them
their investment
Diablo-D3: no, people got pissed off at what
they
thought was happening
BTC-Mining: It's
that part which pissed everyone off, mostly.
BTC-Mining: but was always made against existing shareholders
to
the profit of new people coming in. You always changed
the
trading rate
to be under NAV
to constantly attract people
to
trade shares with DMC.
mircea_popescu: when you failed
to get your original funds (1 mn btc) you should have repaid investors and
that's
that ; not doing
that
the next best
thing would have been
to
trade market rather
than your imaginary valuations. you got raped cause of
them.
Diablo-D3: the
trading provided much needed liquidity
to
the market
BTC-Mining: The
trading part was not however.
Trading rates should have been motioned
Diablo-D3: BTC-Mining: I outsourced
the mining until
the DC is done
BTC-Mining: If you consider reinvesting in equipment
to be equivalent
to buying mining stocks,
then yes, for
that part, 50% reinvestment is ok.
Diablo-D3: BTC-Mining: read
the contract
terms again
BTC-Mining: It's also quite against
the contract
terms, it was supposed
to be for buying mining equipment. You should have motioned going fund managing and
the
trading chart rates.
Doffx: Ohhh
that looks like fun mircea_popescu
BTC-Mining: You've never made sense,
trading DMC shares for less
than par value. It works like a reverse ponzi.
The late investors get more.
jcpham: i just can't hve nice
things
nefario1: is
that why you're locked in your mothers basement?
jcpham: and i just can't give it
to
them
jcpham: if i go
to conference, i'd probably start a riot
mircea_popescu: jcpham btc, XBIZ London would prolly be more
to your
taste anyway. i
think i have invites somewhere
too
[\\\]: man,
that airfare is going
to eat whatever value is in DMC
[\\\]: going
to visit Diablo-D3?
[\\\]: How will
the auditor know what mining assets DMC has?
nefario: The audit should be done before
the vote is closed
jcpham: Diablo-D3 i remember when i
thought u were joking about DMC
Diablo-D3: DMC cant be audited until
the shareholders sign off on
the auditors.
BTC-Mining: [\\\] no one is, for now
there's only a motion about if Diablo should be
thrown out of managing DMC
mircea_popescu: Diablo-D3 especially if it gets cold at all,
they can stab you in
teh eye.