1019700+ entries in 0.724s
BTC-Mining: mircea, he
technically
told how
the money was used, although if
that's
true or even feasible is questionable.
DeaDTerra: ;;later
tell Nefario1 Don't forget my candy bar^^
DeaDTerra: ;;later
tell Nefario Don't forget my candy bar^^
DeaDTerra: How do I leave a message
to someone
that's not online?
mircea_popescu: into something very lucrative
that we can't be
told about ?
MoneyIsDebt: but who's
to say he doesn't reinvest
the money
mircea_popescu: the only incentive for a ponzi scammer
to make a payout is
the notion
that he's going
to skip ion a larger one later.
MoneyIsDebt: if he keeps paying, I'm sure some buying will happen for
the return
BTC-Mining: I suppose everyone invested
thinks it's a ponzi and as such, no demand, no cash flow, no more div. Runaway
time.
mircea_popescu: kakobrekla nobody who
throws money around at "investments" has any coin left.
they who have coin don't "invest" in non-investments.
MoneyIsDebt: hmm,
there's a post saying he won't issue more
this sunday
BTC-Mining: I guess because people are expecting it
to close doors?
Lucidize: So how many of
the 10 mil shares have been issued?
Lucidize: oh I see, didn't notice
that before
MoneyIsDebt: because obsi can sell 10000000 of
them at any
time
MoneyIsDebt: I'd be surprised if nobody buys at
this point
MoneyIsDebt: was
this
the market manipulation you were
talking about, usagi?
MoneyIsDebt: guess it worked - dump, and now
the wall is gone
MoneyIsDebt: well, something might cause fees
to increase
MoneyIsDebt: which will be when profit from fees exceed
the block reward
MoneyIsDebt: The
trick is
to
trigger
the next big wave in bitcoin
MoneyIsDebt: You probably wouldn't affect difficulty
that much by yourself
MoneyIsDebt: .. which will increase difficulty and lower
the value of
the holdings?
MoneyIsDebt: It doubles in 3 months doesn't it, at
the interest it's paying. So you'd have
to pay full buying price
to loan
them.
mircea_popescu: soo, anyone want
to lend me a coupla million obsi.hrpt for 3 months ?
mircea_popescu: tho at
the rate it's paying out i doubt your "forever".
assbot: OBSI.HRPT [1@0.1BTC] paid: 0.059745 BTC. Last price: 0.09 BTC. Capital gain: -0.01 BTC.
Total: 0.049745 BTC. (49.7%)
assbot: Requesting data from GLBSE (might
take a while, also might return fishy results as it does not account for splits etc).
MoneyIsDebt: it's a bit higher
than
the collective
trust in glbse , I'd wager
MoneyIsDebt: "Estimated coupon payouts are 0%
to 1% per day"
MoneyIsDebt: well,
the contract states he may change interest down
to 0%
Chaang-Noi: i never said
that, i said i was disapointed
copumpkin: Chaang-Noi: so do you still
think I'm a
terrible person?
jcpham: i
thought i was going
to die for a second looking at
that
BTC-Mining: I
think it insures
too much for
too low rates.
OneMiner: Now I have
to move
to South America
to evade capture. Maybe
the IRS will be after me
too now. lulz
mircea_popescu: in practice if "anyone can open a lemonade stand"
the net result is a spiral of doom, poorer and poorer quality.
OneMiner: Anybody can open a lemonaid stand. If it
tastes good or has nails in it is due
to
the person running it.
To stop people you'd have
to put some kind of filter in place
that whouldn't work out very well I
think.
mircea_popescu: take
the example of
this seizure : it was perfectly warranted and poorly implemented (or w/e, horribly communicated)
mircea_popescu: what i find problematic is
that random joe blow with no competence in any field does it.
OneMiner: I do find it problematic
that one person can sieze assets and shut people down on a whim essentially.
mircea_popescu: ya well
these'd all be problems of
teh global scam exchange, im sure
they sort it out eventually
OneMiner: nefario can influence
these
things. Who can stop him? It's up
to him
to define GLBSE
too right?
mircea_popescu: Bugpowder well erik is perfectly within his right
to spend his money on w/e he wants, he'sselling his own stake. different
thing altogether.
Bugpowder: it was if satoshidice
took
the money
then
traded it all for some promising stakes in new competitors
that have not been coded yet
mircea_popescu: somehow
this doesn't occur
to anyone as a path
to
take.
OneMiner: I acutally don't fault
the buys he made (total noob here, don't listen
to a word I say). But it does seem
that nefario has
the autority
to do whatever.
mircea_popescu: but yes, other
than
that
the correct
thing
to do upon
the ipo failure was
to return investor funds.
mircea_popescu: seeing how
their marriage contract doesn't specifically allow for anal sex.
mircea_popescu: well, i'm sure
to mention
this
to all my married friends
OneMiner: Seems one
thing is without question,
the way DMC was defined in
the beginning didn't specifically allow for buying up a bunch of bonds.
BTC-Mining: I
thought Diablo had gone insane when he started
to
trade mhash against mhash... when selling market and buying market would have been a better deal
to get mhash.
OneMiner: Lot's of drama, hurt feelings.
There's some stuff in
the DMC
thread about it.
BTC-Mining: What's
the
thing with DMC being seized?
OneMiner: I'm looking for what
the damn
thing is acually called. It's very cool. It hops freqs quickly and you can get a picture of many Mhz worth of
traffic.
Chaang-Noi: dont ahve a sell
thread yet guys, and it is not fire sale yet
OneMiner: Ya,
too bad. Sounds neat. Never heard of a radio
tuner card. Check out
the... what do you call it? Multiple freq radio on a chip?
OneMiner: hahaha
true. All my gear is a frankenstien collection partially assembled with elecrical
tape.
OneMiner: Shipping
two ways,
total waste of
time.
OneMiner: Well,
the gear you are selling. I'm wondering how "priced
to sell"
they are.
Chaang-Noi: okay ill look into it, right now it seems
to be fine
Chaang-Noi: was
testing
the cards,
the ram,
the psu lol
Chaang-Noi: not knowing and
trying
to fix something just kills me inside
Chaang-Noi: and what if i find it has some bad stuff, what
then?
OneMiner: Ya,
that SMART one should be small and fast. It's a very good idea
to check
the SMART data.
OneMiner: You can do a surface scan in windows.
There's other software on
the net
too.
Chaang-Noi: also anyway
to know if it could just be me chaning
the video cards? i did change a card or
two in it
OneMiner: Throwing errors, error check
takes up some
time. You should scan it for whatever.
Chaang-Noi: well its
thailand and it gets fucking hot here
Chaang-Noi: but damn, why did it
take 5 mins
to load up?