log☇︎
1036400+ entries in 0.781s
Luceo: Mine too, my real name is Sonic TheHedgehog and I live in Pyongyang KP
smickles: heh mine too
BTC-Mining: whois doesn't always display the actual owner of the domain.
BTC-Mining: Assuming someone is registering for him so he has private whois... that would be quite acceptable...
mircea_popescu: <mircea_popescu> you can prolly safely ban that entire C class for carding.
mircea_popescu: * SaLoMoN has quit (Ping timeout: 246 seconds)
mircea_popescu: <lonely_> mircea trimite un msg pe privat
mircea_popescu: <lonely_> can i get some btc with my mastercard? i can provide documents that im the cardholder, but i need btc very quick
dub: I though romania existed to scam the internet?
mircea_popescu: is that little shit ciuciu spreading crap ?
smickles: coulda just been fud tho
smickles: ciuciu: didn't he go bankrupt a few times too?
mircea_popescu: lol woulda been crazy for nav if you managed to pick up some 1/3 price s.mpoe
smickles: mircea_popescu: yeah, i meant to have a buy in there to catch those sort of things :/
mircea_popescu: theres a long tail on the chart for sure.
smickles: mircea_popescu: didn't it drop to 0.00010000 before this recent spurt?
smickles: some, to have buy orders placed to catch dips
smickles: mircea_popescu: we have about 21 in btc too
mircea_popescu: a, so it's about right then huh
smickles: 4`073`981, I unfortunately missed that excellent buy opportunity earlier
smickles: mircea_popescu: sec, i'll get the exact #
smickles: probably just too few people selling
mircea_popescu: what's going on over there
smickles: i think it did trade at 1.5
mircea_popescu: wasn't it trading at 1.5 earlier ?
smickles: yeah, i think the etf got in on only one round
mircea_popescu: (wherein a specified block was put up and anyone could deposit btc for a set time, after which shares were distributed proportionally)
mircea_popescu: to be perfectly fair tho, that was capital raised to participate in the risky stock allocation at the time
BTC-Mining: How long ago was that?
mircea_popescu: was just discussing with BTC-Mining the original etf value, it went out at .1 didnt it ?
smickles: ah, too bad i missed it, but my logs are iffy about that time... i've had diablo on ignore
mircea_popescu: ok, this is seriously conspiracy to defraud, this may yet result in jail time.
mircea_popescu: We'd hoped that our offer would both push Bitcoinica to resolve the claims faster, and give them more room for error. If they resolved all the claims within 6 months and paid us an equal pro rata share, they'd have immunity from us. Coincidentally, the amount of funds stolen only 2 days after this offer was made was nearly 100% of what we were owed at the time.
mircea_popescu: wait, WHAT ? were there many complaints of stuck funds ?!
mircea_popescu: Yea i suppose so, but since there seem to be a lot of people complaining about funds being stuck in intersango i have the feeling they will never get it back now that this is going on.
mircea_popescu: now if its the same cartmell im not so sure, but if it is guy's a pitbulldogorca.
mircea_popescu: specifically the hormel spam case.
mircea_popescu: i don't know the guy personally but i know of him
BTC-Mining: Well all the story about him
BTC-Mining: Can I get any reputable sources telling me that story again or should I just trust his own personal websites...
mircea_popescu: something tells me this is the end of intersango and the named individuals.
mircea_popescu: Cartmell was invited to testify before the United States senate in regards to Internet Governance by ICANN, is the inventor of five issued U.S. patents, led the successful battle against Hormel for the right to include the word "Spam" in trademarks that relate to email services, and is a major shareholder and board member of companies ranging from digital payment services to all-natural zero calorie sodas.
mircea_popescu: course... it doesn't looks like it wants to happen ;/
mircea_popescu: then again, if i manage to get deliverable options already on something that will change.
BTC-Mining: MtGox is huge on that scale
mircea_popescu: well ya 2x, but they also have to pay servers and whatnot. im just saying a coupla mn usd yearly revenue isn't HUGE. it's a small business.
mircea_popescu: that's the main difference, i fully financed both mpoe and its morphing into mpex, not having investors aboard helps tons your position later
BTC-Mining: 2 million a month with thoses fees x 2
mircea_popescu: and i tihnk they're closer to 20 and also, have investment.
mircea_popescu: let's do some math tho, at 2mn a month with a .5% fee they clear 10k btc which is 120k usd a month
BTC-Mining: Lots of cost, they might have less costs from now on on that part and more profit from the higher volume at high prices
mircea_popescu: course i think trade volume is sticky in usd more than in btc.
BTC-Mining: and they had to deal with security issue, remade the whole website to look and feel much better, etc.
mircea_popescu: so ya maybe it looks better for them
BTC-Mining: since in the beggining the USD price of bitcoins were peanuts and volume was lower
mircea_popescu: but they didn't really have the volume back then
mircea_popescu: well there was that time when it was 30+
BTC-Mining: They haven't been around with high bitcoins price for a long time
BTC-Mining: Arf, that's misconstructed sentence
mircea_popescu: mtgox !? they were around since day one lol, remember the first hack in btcworld ?
BTC-Mining: The cost to get a secured platform developed and improved upon are high.
BTC-Mining: But they weren't around for long and bitcoin prices went up just last year
mircea_popescu: but iirc their last statement put them at -100k usd for the year.
mircea_popescu: and it kinda figures, tbh. the entire filing of paperwork thing is expensive.
mircea_popescu: that's what they say.
mircea_popescu: the sr guy supposedly clears 10-20 k a month, so that could be another.
mircea_popescu: mtgox from what i understand is losing money, but even so they prolly have more in cash. ☟︎
mircea_popescu: zhou was prolly one at his zenith, unfortunately that didn't go over so well for him.
mircea_popescu: but i don't think that many more out there. maybe, who knows
mircea_popescu: if it's true what they say of pirate being over 1mn by now then that guy prolly beats me
mircea_popescu: and there's my own money... it comes to a decent chunk.
mircea_popescu: then there's all the btc people on mpex put in, and all the respective shares
mircea_popescu: if you look at the exhange address there's anything from 20 to 50k in there.
mircea_popescu: mm, well the bonds report lists something like 6k or so ?
Ignatius-otc: I was productive yesterday...not yet today!
mircea_popescu: but that aside, i probably do manage more btc assets than most anyone.
mircea_popescu: and other things.
mircea_popescu: i also run romania's most widely read blog, an aggregator service that dominates that market
Ignatius-otc: I made an account at bitcoinica but read of others experiencing faked market moves. I am familiar with them from chinese based forex bucket shops like cmsfx. I didn't get a coin deposited before they shut down.
mircea_popescu: it'd have been their 1year bday this month.
Ignatius-otc: Has managing btc assets become a full time job for your mircea_popescu?
Ignatius-otc: btc is also an unregulated market, afaik...but I personally wouldnt take on the risk of being a bitcoinica,unelss I based in tor maybe:P
mircea_popescu: how many of these survived a day in court ?
Ignatius-otc: mircea_popescu: the illegal aprt applies to regulated markets. For example, there is the retail foreign exchange amrket, unregulated, and bukcet shops are all voer the place.
mircea_popescu: i don't understand what someone based in the us must have been thinking to get involved however.
mircea_popescu: back when it was owned by some chinese kid somewhere in taiwan or somesuch it was somewhat safe
mircea_popescu: well bitcoinica was something that's illegal since the 1930s
Ignatius-otc: I didn't think bitcoinica was based udner sec regs? If so, huge derp on their part.
mircea_popescu: cited for conversion, this is the real article.
mircea_popescu: news to me i just heard about it
mircea_popescu: AS TO DEFENDANT BITCOINICA LP, ALSO KNOWN AS BITCOINICA BITCOINICA CONSULTANCY LTD INTERSANGO LTD. NORMAN, DONALD STRATEMAN, PATRICK TAAKI, AMIR DOES 1 THRU 100, INCL. SUMMONS ISSUED
Ignatius-otc: Many ebay sellers manipulate their fb as if they drop below a certain % they could have their accounts temporarily denied selling rights. By having multiple accounts sellers can control their fb %.
mircea_popescu: Customer satisfaction on Silk Road is mostly positive, with a 97.8% positive feedback rate, although less than that on white market sites like Ebay, which boasts a positive feedback rate of 99%.
BTC-Mining: Because I was already there
mircea_popescu: ;;later tell BTC-Mining https://bitcointalk.org/index.php?topic=67302.0 muahaha
BTC-Mining: I'm a bit too sleepy on this Sunday evening to read about anything.
mircea_popescu: actually the girl did some nice write-ups back in the day, lemme find.
BTC-Mining: I'm just unfamilar with options to start with eh
mircea_popescu: i just want to do things smoothly so as not to shock the market.
mircea_popescu: let the market price the bonds.