1020400+ entries in 0.793s
Diablo-D3: how was I supposed
to know fixed mhash bond issuers would sell fake bonds into
the bid wall on
th news bfl was doing asics
mircea_popescu: actually as a point of policy, it seems
to me
that if company ipos for plan A and it fails
to raise
the funds, it just pays everony back and dissolves.
Diablo-D3: agath:
thats 20:20 hindsight
there, bro
dub: Diablo-D3: and now people have a much better understanding of your capabitlities
to asses
their investment
OneMiner: agath
they always were. It's a forgone conclusion. If bitcoin succeeds
then
there will be ASICs.
The only way
there won't be is if bitcoin flops, in
that case we are all out our investments.
agath: anyway, it would have been far better
to NOT DO ANYTHING and keep your funds for a better
time, instead of swapping
that much and lose all
the value.
Diablo-D3: although if DMC dies, I can at least work on plan B without nefario being able
to
touch
that
dub: Diablo-D3: rejoice in
the redemption nefario has bestowed upon you
mircea_popescu: well, he didn't say
the best
theoretically possible outcome
Diablo-D3: dub:
this is not
the best possible outcome.
dub: Diablo-D3:
the only other way out of
this fuckup you created was a scammer
tag
dub: Diablo-D3: in all honesty, while you should probably be making a show of dissaproval,
this is
the best possible outcome for you
mircea_popescu: nefario if he were in your position he'd have
traded bonds for higher mh/s value
Diablo-D3: nefario: oh, I'd do
the same, but I would have stolen
the btc not
the assets
agath: OneMiner: when I bought DMC, ASICs weren't in
the air yet
agath: I don't care if
they went bankrupt: I didn't invest in a FUND because I didn't want
to.
Diablo-D3: but
there were no funds
that I could invest in yet
OneMiner: agath I believe he stated in
the past
that he was holding bonds
to
try
to gain some value untill ASICs dropped.
agath: ok,
then 10 MOVETO.FUND
agath: if I wanted
to invest on other GLBSE companies I would have bought 10 NYAN not 10 DMC.
Diablo-D3: OneMiner: nope, we're not allowed
to make sense here
OneMiner: It makes sense
to me
that when
the funding
that was required for plan A can't be raised you move on
to plan B. I remember Diablo-D3
talking about buying bonds
too. I'm sure he has been upfront about it.
nefario: you're
the largest victim of...yourself?
agath: ok I give up... do whatever you want, I feel I am wasting
time discussing
this .
Diablo-D3: nefario: oh yes, its completely legitimate
to keep saying assets are worth 0.30 BTC when
the highest ask is 0.10
Diablo-D3: agath: notice he did nothing
to
the people who did
this, only
the largest victim of it
nefario: Diablo-D3: no you depreciated
the assets
Diablo-D3: agath: yes, because
the market depreciated
the assets.
nefario: it belongs
to DMC shareholders
nefario: depends on
the value of
the assets in DMC
Diablo-D3: agath: dont ever expect
to see it.
nefario: real IPOs
take years I hear
Diablo-D3: OneMiner: yeah, and now nefario is saying I bait and switched even
though I was going into dedi/cloud stuff so I can raise money faster and work on stuff
top down
nefario: it's only been
trading for months
agath: He didn't even got hardware for mining, he only
traded other's bonds...
OneMiner: Ya, exactly. With
the funds
that you got
the DC part of
the plan was impossible.
agath: I bought 10 of
them and I am crying now.
OneMiner: To be fair Diablo couldn't have made a DC with
the funs he got from
the IPO. He said he was going
to make a DC and mine. He ended up mining. Seems
truthful
to me.
nefario: pissing it away it
terrible
trade
Diablo-D3: agath:
the data center stuff is fully featured in
the plan
nefario: then using it for something
totally different
nefario: getting funding for one
thing
nefario: this is a large part of
the problem
agath: What makes me lol is
that
the name says Diablo MINING Company and now he's whining with DEDI/CLOUD.. :-D
Diablo-D3: no one
trusts your data
to begin with
nefario: Diablo-D3:
the accounts need
to be done by a
third party
nefario: And
to allow
time for a proper discussion
Diablo-D3: that
takes about 15 lines of perl, nefario
nefario: I'll get someone
to go over
the accounts
Diablo-D3: mircea_popescu: might as well not even continue with
the plan.
nefario: it's going
to be mid next weel
OneMiner: Ok. Is
there a deadline for voting yet?
Diablo-D3: mircea_popescu:
the only
thing we have left is dedi/cloud sales, and now nefario's bullshit is just going
to cross infect
that
nefario: for complaints, see
the
thread
OneMiner: nefario right. May I ask what
their complaints were? Could
the vote have
taken place without
the suspension?
Diablo-D3: mircea_popescu: because now
there isnt even 1600 BTC of assets
mircea_popescu: Diablo-D3 it went from 1
to 0.05. if
they weathered
that, why would
they leave now ?
nefario: have you seen a lot of
trades of it recently
Diablo-D3: DMC shareholders are going
to sell
their shares and get out why
they can
nefario: DMC shareholders are going
to be given a say in whether
they want
to keep him as operator of DMC
nefario: OneMiner: DMC shareholders have for weeks been badgering me
to do something about Diablo-D3, I've suspended him from control of DMC and will initiate an investigation and a vote
Diablo-D3: but notice, nefario didnt do one
thing
to punish fixed mhash bond issuers
OneMiner: mircea_popescu I remember
that. Seemed like a way
to generate hype.
Diablo-D3: I
traded roughly 1 BTC of assets for 1 DMC
nefario: Diablo-D3: good
thing it's priced in BTC
Diablo-D3: mircea_popescu:
thats a different issue
mircea_popescu: Diablo-D3 was using a non-market value based system
to
trade
mircea_popescu: the problem afaik was never assets sold, it was assets
traded
Diablo-D3: nefario: I will never send another dime
to glbse.
OneMiner: Not
that I know but it suggests
to me
that
there was a plan at
the least.
OneMiner: To hear diablo explain it
the assets he sold were loosing value quickly. He also alludes
to future contracts.
nefario: it's up
to you whether or not
to
Diablo-D3: but nefario pretty much fucked
that up for everyone.
mircea_popescu: well,
the approach is problematic, but i don't see you could have continued in your position
nefario: I'm single-handedly holding
the entire bitcoin community at randsom, ALL LIVE IN FEAR BEFORE ME!!!!
Diablo-D3: mircea_popescu: am I
the only one here who was expecting a reasonable response?
nefario: hang on while I pop down
to
the bank of evil
to
take out another loan
Diablo-D3: its a little late
to run for
the republican nomination
this year, bro.
Diablo-D3: so
thats how you dodge accusations? you post nonsense urls?
nefario: apparently
this is what I actually look like
nefario: you
think I'm like some evil overlord?
Diablo-D3: you're just going
to lock
them up and claim
the shareholders pressured you
Diablo-D3: nope, Im not. he is scared shitless
that you're going
to do
the same
thing you
tried
to do
to me