1024900+ entries in 0.737s
mircea_popescu: i'm coming at
the fact
that
the issuer needs
to be
trusted
to not dillute on glbse.
BTC-Mining: Indeed, where are you coming at with
that?
mircea_popescu: which sort-of negates
the benefit of putting another btc in giga's ipo and having made 20%
mircea_popescu: look at how diablo messed up his contract/early investors in based on
that.
Ignatius-otc: if an mpex asset issuer can manipulate
the price of his own asset,then
the protection is lost
mircea_popescu: BTC-Mining im not even sure what's
the meaning of having a voting system.
mircea_popescu: Ignatius-otc i don't get it. he's selling his own shares cheap. how is
this dillution ?
BTC-Mining: Fixed rate bond will have 0% required
to issue more
BTC-Mining: Most voting assets will have 51% required
to issue new bonds
mircea_popescu: mpex contracts are actually signed,
this guarantees
their integrity, and offers
the investor some further safety.
Ignatius-otc: may
that manipulate
the price of
their own asset freely on
the market? if so, it completely negates
the benefit of no dilution
BTC-Mining: Same for GLBSE if
there's a requirement
to issue shares.
mircea_popescu: now, a simple point of fact : nobody can create shares on mpex.
this offers
the investor some guarantees against dillution, at least.
Ignatius-otc: seem
to still have
the vanishing post problem even
today
mircea_popescu: Ignatius-otc most of
those posts were deleted however.
Ignatius-otc: However, same
thread, if you look at what GLBSE reps, i.e. nefario, actually says...it's all
the same old moderator babysitting stuff. Nothing dishonest
that I have seen yet.
mircea_popescu: so.
there's no complete and definitive proof.
thinking about it i can actually see
the angle for incompetence possibly prevail over
the actual malfeasance angle.
Wolf_L: I got banned from btcst for
the 12th
time lol
Ignatius-otc: yeah, Im reading it all. Don't get me wrong mp I am open minded and willing
to put aside ego.
mircea_popescu: now specifically, as
to
the collusion discussion, quote defrauded investor
teek : " I am pretty sure even Nefario gave him
the nod a few
times in posts."
mircea_popescu: if a good portion of
the btc received would evaporate from my wallet
Ignatius-otc: By
that logic BTC is horrible, as it has a high concentration of scams...?
mircea_popescu: if you don't
think so,
that's fine, but you can't say "i never backed it up". i have.
mircea_popescu: Ignatius-otc
that implication is sufficiently borne by
the extraordinary concentration of scam assets
there.
Ignatius-otc: You linked me
to a
thread about a GLBSE asset default.
mircea_popescu: BTC-Mining yes.
the etf had dibbs on
the early distribution, which was auctioned in fixed blocks, if you recall ?
Ignatius-otc: Implying GLBSE is colluding
to scam investors.
mircea_popescu: cause you were calling
them claims "alusions" a few lines back.
BTC-Mining: So, MPOE.ETF made 1210% so far.
Tell me, how much has S.MPOE made on MPEX?
Ignatius-otc: but
that is not
the case for my interaction with you mp. it consisted of you making claims bashing others which you never backed up. just fyi
mircea_popescu: that;'s pretty much
the gist of it. everyoen
thinks "they know better". it's a very easy
thing
to get.
mircea_popescu: in
the immortal words of jwu, Aug 27 17:34:17 <JWU_42> mircea_popescu: as with so many
things, niot just finance, ego becomes involved and bad decisions are made
mircea_popescu: other
than
that, i've backed up everyrthing i said with hard fact, which in general seems
to be easily discounted for some sentiment of "i know better".
mircea_popescu: BTC-Mining it ipoed at 1 for a select few
that had
the money. and it did not ipo on glbse.
BTC-Mining: I just have a problem with you bashing everything but MPEX randomly spouting as fact
things you haven't researched or have proof for. Like claiming GIGAMINING devalued almost 50% when it IPOed at 1 and not 1.5
mircea_popescu: BTC-Mining dude. you don't like volume, you don't like price appreciation... is
there something you can put your finger on rationally or are you just emotionally invested in
this discussion ?
BTC-Mining: unfortunatly such raises are hard
to foresee =/
BTC-Mining: and
that's strictly because it went up in value very fast...
Ignatius-otc: and in doing so, found absolutely no evidence glbse is up
to no good, same for chaang, yet I watch you sit here and bash
the fk out of
these
things pretty frequently...
mircea_popescu: i regard it as disreputable. i might just be biased. some people regard it as reputable. course
they don't
tend
to disclose
their ownership interest in it.
Ignatius-otc: similar
to feedback systems all voer
the internet is how I personally went about it
Ignatius-otc: To be clear I personally am not arguing
that any glbse asset is a sound investment, I just want
to make sure
the exchange itself is reputable.
assbot: MPOE.ETF [1@0.1BTC] paid: 0.0104835 BTC. Last price: 1.3 BTC. Capital gain: 1.2 BTC.
Total: 1.2104835 BTC. (1210.5%)
assbot: Requesting data from GLBSE (might
take a while).
BTC-Mining: So people only go where
the volume is eh? Guess we should all strictly invest in government bonds
then
mircea_popescu: BTC-Mining do you know which is
the highest yield asset on glbse ?
BTC-Mining: and although GLBSE had many scam/default, when chosen correctly,
the assets pay a lot more.
mircea_popescu: we're on
to discussing
the irrational part, of homemaking.
mircea_popescu: BTC-Mining no,
the making money part has been longresolved. anyone with any capital and any sense goes wherwe
the volume is.
BTC-Mining: This isn't about making your home
tho, it's about making money
mircea_popescu: shit happens
too many
times it's either incompetence or collusion.
Ignatius-otc: my concern is when you alluded multiple
times
that glbse staff are/were involved in scams
mircea_popescu: sure, in principle crime is crime, it can happen anywhere, innocent
till proven guilty and all
that.
mircea_popescu: you got neighbourhood A, where
there never was a violent crime. you got neighbourhood B, where about half
the citizens routinely get hauled off
to prison on various violent charges.
Ignatius-otc: mainly
the collusion
thing is what got me
to chime in and
the fun here
Ignatius-otc: just generally aksing
though, your statements seem like
they could alle asily apply
to any exchange,even yours
Chaang-Noi: why would 20% not wnt
to use your exchange and pick glbse over it? oh wiat, never mind :)
Ignatius-otc: is
there an actual
third party blockchain like way
to verify any of your volume claims mp?
mircea_popescu: just like any wife could be a whore. she has
the equipment.
Chaang-Noi: glbse
took 20% of
the volume of a stock on your exchange? oh lol
mircea_popescu: but you are aware
that glbse did something like 20% of
the satoshi dice volume, right ?
Chaang-Noi: not a lie, but an exageration
to absurdity
mircea_popescu: Chaang-Noi now why do you insist
to lie on
the matter ?
Chaang-Noi: there is not money
traded on mpex so nothing can be lost
Ignatius-otc: does mpex have investment funds? if so, when
they are poorly managed and lose most/all btc...how would
this play out any differently if
the exchange were mpex instead of glbse
Ignatius-otc: mircea_popescu: what measures are in place on mpex
to prevent a lif.* like asset from defaulting in
the way
the
thread you linked
to me describes?
gribble: Best bid: 10.78001, Best ask: 10.79, Bid-ask spread: 0.00999, Last
trade: 10.78, 24 hour volume: 29529, 24 hour low: 10.6, 24 hour high: 10.907
BTC-Mining: Indeed, you could, assuming you can foresee
the future... unfortunatly you can't
mircea_popescu: more's
the point, on any stock chart you can make
these imaginary paths where you win money no matter what happens.
BTC-Mining: aye, and some people overpaid
the stock
BTC-Mining: <@assbot> GIGAMINING [1@1BTC] paid: 0.41490096 BTC. Last price: 0.82 BTC. Capital gain: -0.18 BTC.
Total: 0.23490096 BTC. (23.5%)
Chaang-Noi: i would ahte for anyone
to
think we were friends
mircea_popescu: BTC-Mining and we should discount
this for what reason ?