log☇︎
1026500+ entries in 0.635s
mircea_popescu: hey, entirely true.
usagi: I asked where I could make more money listing; I didn't even imply that one server was better. But all I hear from you, mircea, is subterfuge.
rg: it doesnt mean you go and print a papr about how the other exchange sucks
rg: that's their perogative
rg: if people wanna talk shit about mepx
mircea_popescu: <rg> what's the point of flinging mud << i dunno man. guy comes in here wants to talkabout how mpex is shit
rg: mircea_popescu: by owning the box?
mircea_popescu: <rg> mircea_popescu: the deposit address << what the hell ? how do they change that ?
rg: what's the point of flinging mud
mircea_popescu: glbse did less than one broker.
usagi: Ueah but there are people passing thru mpex to glbse :p
rg: usagi: i made more on MPEX than GLBSE
mircea_popescu: usagi this was already proven
rg: mircea_popescu: the deposit address
usagi: Can you guarantee I'd raise more money listing on MPEX than GLBSE or any other exchange?
Luceo: -_- My cat has worked out how to use the mouse...
mircea_popescu: rg : no, not really. what'd they change ?
usagi: Mircea; Let's say I come to you with an IPO proposal with a company that makes 1,000 btc a month.
mircea_popescu: usagi don't weasel out of it. you can't say "o, someone who;'s been at it forever is vulnerable becasue a buncha forum handles that exist since last week say so"
mircea_popescu: <usagi> You think so, but are you sure? << i've been on the web with thart exact site for > 5 years.
rg: if the webserver was owned someone could easily change the addresses on it and make people send their coins to them
rg: so if someone managed to overflow it that way, it'd be owned
rg: with content from the user
rg: and your site is vuln to exploit
usagi: You can't talk about other companies internal procedures like you know, because you don't/
mircea_popescu: <usagi> and if mircea shuts those down he will lose a lot of business << glbse does less than 20% of any of the assets passed througgh.
usagi: No it isn't true mircea. That's the problem/.
BTCHero: well I am a commoner, so I only hear the same nohing from pirate over and over
mircea_popescu: <usagi> and he says that in the event glbse was shut down there would be a claims process but on mpex it would proceed orderly << it just says mpex has a way to give people their proofs and glbse does not. this is true.
usagi: You think so, but are you sure?
usagi: I hear one thing and then the exact opposite from someone else.
mircea_popescu: <usagi> The US is not going to ask for mircea's extradition any more than greece will <<< actually, i think i have the legal matters involved with running the exchange pretty well covered.
usagi: I have sources just like everyone else does. the problem with sources is that they are not always reliable, btchero.
BTCHero: usagi: is in on it, get the mob
usagi: And today it's tuesday and there's still no real news.
usagi: or the payback
Luceo: Do you think pirate will pay back?
usagi: But some people want out now, so I'm buying back what I can until the default is obvious
usagi: We will keep the first 5% and pass thru the rest, about that
Luceo: Since I noticed there's been no interest in the default period even though pirate said he will pay it
Luceo: usagi: Is YARR going to pay pirate interest if you get it back?
Luceo: I do like the higher level of security, I just don't see the point in making big holdings there when they're near-impossible to move
usagi: And for my extra risk what do I get? I pay more for the security
usagi: Same with satoshidice, now I don't just have to worry about 1 person I need to worry about 3.
usagi: I can tell you right now RG I'd triple my investment in your company if it was on GLBSE. As it stands there's extra risk involved, and extra fees because brendio
Luceo: MPEX generally has the higher value transactions
BTCHero: well mpex is more about puts and calls it seems to me
usagi: If you list on mpex and don't get a passthry to glbse
usagi: I mean just being in this channel it's obvious
usagi: It's obvious just watching the exchange what is more popular
usagi: Thats another thing, why does he keep saying mpex does more volume in a week than glbse does in a month
Luceo: But I think the fee puts people off and herds them towards glbse, paying $200 to join an exchange with only $50k daily volume is a lot
usagi: and if mircea shuts those down he will lose a lot of business
usagi: The only assets worth trading are passed thru to glbse
BTCHero: I am not a serious enough trader to spend 20 btc just to get on mpex
Luceo: Doesnt bother issuers, does bother the casual traders who make up a lot of the demand curve on glbse
usagi: the fee is nothing, I paid 32btc just to issue nyan
usagi: I'm not sure it's the fee
Luceo: I dont mind paying the fee, many people will
Luceo: and charge the fee only to issuers
Luceo: mpex needs an interface which is user-friendly, and imo should have a free-tier account that can't issue assets
usagi: IMO mpex lacks vision and customer support, they have some security, and thats about it. It needs a lot of work.
usagi: I gave it some time and thought
usagi: I care to the point that I don't :p
Luceo: tbh the law regarding most of what we do
usagi: So that's how I evaluate it; not credible.
usagi: he can't say that.
rg: if something is illegal, it is a threat to its own security
usagi: and he says that in the event glbse was shut down there would be a claims process but on mpex it would proceed orderly
Luceo: It's not relevant to network security, it IS relevant to asset security
usagi: The article purports to be a comparison of security and then talks about legality
usagi: The US is not going to ask for mircea's extradition any more than greece will
usagi: neither mpex or glbse operate there
usagi: I also pointed out to him that running an unlicensed securities exchange is illegal in the USA. "So?"
usagi: it's illegal to chew gum in singapore for example. who cares? Will nefario be arrested in singapore for the crime of chewing gum in the UK?
Luceo: MPEX doesn't have any wallet running, that is a plus security-wise
rg: you dont start serving liquor then get the license
Luceo: I think the main issue he does get right here is under 'Server rooted'
rg: doesnt change the fact that right now
nefario: in the UK
usagi: it makes it difficult to use
nefario: and attemptig to spread FUD about our security and legal status
usagi: Some of it is true, it's true that MPEX requires you to use gpg and encrypt everything. But that does not make mpex secure
rg: what is hte point of this comparison
usagi: I told him this but he just told me to post a comment...
nefario: as though SSL was vulnerable or something
Luceo: I'd like to turn that on but the BB client doesnt seem to work
nefario: which would prevent even this
nefario: but we can't protect people against themselves
nefario: because the users password password was re-used and compromised
Luceo: Also, for some reason your Google authentication doesn't work with Blackberry, I always get told my token is invalid. :/
nefario: no GLBSE user account has been compromised using this methoed
Luceo: nefario: Fair enough. I think some of these points are non-points (it's not the duty of the exchange to regulate whether the stocks are fraudulent or become so)
nefario: Luceo: I've better things to do than spend my time making rebuttals to every piece of shit that rolls out of that guy mouth.
nefario: spreading FUD like that
mircea_popescu: anyway, i'm going to eat. ttyl.
mircea_popescu: as it stands right now, at any point in the future you're named and that's that.
mircea_popescu: it'd be a lot better to come clean o n the matter and offer something definite to the glbse users.
mircea_popescu: you don't know the future in this respect, i'm affraid.
mircea_popescu: YOU ARE A BUSINESS ASSOCIATE OF THE DEFENDANTS