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1028200+ entries in 0.737s
mircea_popescu: quite the contrary i'd say.
Rothgar: Is it immoral to NOT search every field for pitchforks?
mircea_popescu: Rothgar still, the argument can be brought, it's immoral to leave a sharp pitchfork in the grass.
Rothgar: I won't and I think it's cynical to say that I will.
Rothgar: nefario those with half a brain won't
mircea_popescu: running an exchange is certainly a responsability among other things.
mircea_popescu: nefario : absolutely, very true.
nefario: but then everyone is a heroin addict
nefario: ok if you legalised heroin you'd make a lot off tax
ColdHardMetal: it's the distortion of expected returns that I think has been the worst thing.
nefario: and has a destabilising effect on the market
nefario: it's done a lot of damage to the bitcoin economy IMO
mircea_popescu: a very good ideea that nefario.
nefario: for the pirate sort of thing
nefario: no more pass throughs on GLBSE
DeaDTerra: I am thinking of doing a deposit campaign again. Though I need to clear my portfolio of a couple of assets that I need to get rid off before I launch another campaign.
nefario: I like the seeming silence
DeaDTerra: I could probably be performing very well, but I need more time and money.
mircea_popescu: usagi still nothing from pirate i take it ?
usagi: NYAN.B is doing very well, thank god. It's already covered this week's div for A and B all by itself with leftovers for C
mircea_popescu: sadly not true for many of the people btc really needs tho.
mircea_popescu: <evoorhees> not only is it the more moral economy, but it pays better ;) << this
DeaDTerra: hm with all this chaos I have forgotten to go poke on Alberto and JRO xD
DeaDTerra: I just couldn't get it to owkr
evoorhees: it's a new world to me
evoorhees: you know, I never even used the command line before bitcoin stuff
DeaDTerra: all on red please *puts 5 mill on the table* *pokerface*
evoorhees: though, I heard about an awesome casino game called satoshiDICE so I might spend it all there
evoorhees: I doubt more than 5% of the pile will be sold for fiat
DeaDTerra: Nah if I would get that much BTC, I would sell of part of it the other I would place in a offline wallet
DeaDTerra: I think you should invest it in say a good fund, hmm I mean Gamma... hm yea a fund maybe :P
nefario: from a tall pile of moonay
Rothgar: yea, I feel that the 5M will be a slow sell but eventually it will sell
nefario: no I was talking about altitude
evoorhees: oh you think I'd spend the money at silk road? :)
nefario: you might need an oxygen mask though
evoorhees: we'll see how the rest of the offering goes nefario :)
Rothgar: If you have time to listen to some music http://www.tagtele.com/videos/voir/31694/1/
evoorhees: not only is it the more moral economy, but it pays better ;)
Rothgar: DeaDTerra, yes join the agora
DeaDTerra: I make more an hour doing bitcoin stuff then I do my regular job :P, so I will probably quit it soon anyways
usagi: If you do this right, it becomes your job
DeaDTerra: None it's a pass though xD
DeaDTerra: I will, I have asked to go down in hours and I will probably quit if I need more time.
DeaDTerra: GLBSE bugged up and I had to go to bed, I then tried to redeme myself this morning but I only had an hour and as I didn't fully master MPex I didn't manage to get the backing up and I didn't place enough asks.
usagi: Well hopefully you will make enough from this to float again hehe
DeaDTerra: I planeed to fix the backings + sell the shares yesterday
DeaDTerra: Situation is under controll, really sorry that it became such a mess :( Fuck up from my part.
Rothgar: look assbot still says there's demand
DeaDTerra: then I took 300,000 (amount issued so far) and minus that amount then times by 0.0032
DeaDTerra: I did total amount of shares bought + total amount of shares I can afford buying with the amount in my GLBSE account+ shares not yet issued
DeaDTerra: oh well :P I will go and cry on the forums for donations :P
DeaDTerra: I did the calculations I was 20 BTC for the sign up fee + 22 or something like that short.
DeaDTerra: this seems to be a expensive IPO xD
DeaDTerra: Hm I had to put in 20 more BTC to cover the GLBSE fees :(
gribble: You rated user rg on Sun May 27 11:43:46 2012, giving him a rating of 2, and supplied these additional notes: None.
gribble: You rated user rg on Sat Aug 25 09:26:21 2012, giving him a rating of 3, and supplied these additional notes: Runs BitVPS.com. Always helpful to clients and new guys on OTC. Diligently pays dividends every month!.
mod6: rg, i figured it was time that I put in a rating too
smickles: ooh, thank you mod6
bitfoo: smickles, consider the statement as encouragement. :)
smickles: i'll have the buy and sell buttons that many seem to want
DeaDTerra: I have been thinking of starting pass throughs to some known lenders/investment sites. So that people can for example invest in a 90 Day bond for 1 BTC, then they get a daily dividend paid by me and they can liquidate when ever they want.
gribble: You rated user smickles on Sat Aug 25 09:37:02 2012, giving him a rating of 3, and supplied these additional notes: Runs MPOE.ETF and S^2CM on GLBSE, runs a brokerage service for MPEX. We have at least 1 OTC trade under our belt.
smickles: i will provider for people who want to buy and sell mpex listings (mpex at first, others as well, but later)
DeaDTerra: What will the site involve?
smickles: < bitfoo> also, there is a need for brokerages <<< i keep hearing this, and as i am performing this service, and working on a good web interface for it, i feel like these sort of statements are sorta like "hurry up and finish the web ui smikles"
DeaDTerra: I wrote the contract in a way so that I Can't do that :P
DeaDTerra: Can't do that
DeaDTerra: I am working on a full redesign of the GBF system as it has to many flaws, it was fine when I worked with small amounts of investors, but it is not optimal right now
DeaDTerra: I am going to be starting up some other pass throughs and also launch GBF on GLBSE :)
DeaDTerra: Bulk orders and then resaling and such.
DeaDTerra: I know people that have already made a lot from brokering (not sure how to bend it) and underwritings.
DeaDTerra: I will start working on the other stuff I need to do mean while :)
mircea_popescu: i think actually being a broker is the next revenue generator for btc
bitfoo: then people can stop complaining about why all the stocks are not on their favorite exchange
DeaDTerra: Comeone GLBSE you can do it, send the withdraw :D
bitfoo: also, there is a need for brokerages
mircea_popescu: my guess is that as more people get familiar with it that are also not anon sociopaths, but pariticpate in communities etc
DeaDTerra: It's a bit time consuming but once you get the script I guess it will be a lot faster
DeaDTerra: I mean learning it is hard, and I think that the FAQ might need to be more specific for retards like me. But other then that it's not that hard.
mircea_popescu: (once you learn how to do it i mean :p )
DeaDTerra: Already tried to send in a buy order and it works, so I am all good on that part.
DeaDTerra: Currently waiting on my deposit to his the exchange :)
DeaDTerra: But how would I pay it back? Like during the next dividend?
mircea_popescu: maybe you two should work together on making the reports for this thing
smickles: even an interest free loan, as i have tended to do with the things i'm involved in
smickles: i do think that putting you own btc in isn't cricket, it should at least be a loan to the passthru
DeaDTerra: I am not doing this to make money, I am doing it as a service to support the community and Eric+SatoshIDice :)
smickles: (i can't remember the value)
mircea_popescu: i guess you recoup on the first 1k worth of dividends
mircea_popescu: o that's a point, he gets free buys on mpex but he pays what, .5 on glbse ?
DeaDTerra: The fee is pretty small so it shouldn't be too much of a problem
DeaDTerra: I will put in money myself if I notice that BTC are missing
smickles: and how do you maintain 1:1 with the glbse seller's fees?
DeaDTerra: They will be used to pay fees and such.
smickles: DeaDTerra: what are you doing with the extra btc from the people who paid > .0032?
mircea_popescu: you need to sell moar tho.
DeaDTerra: I could throw in some of my money to the backing but I am worried that will start messing up my numbers xD
DeaDTerra: until theres no more demand/supply
DeaDTerra: I plan to purchase shares to backup the shares already released then, sell more shares and repeat