111200+ entries in 2.442s
Namworld: Well then, DMC's assets are stuck in DMC, idling. You still can'
t repurpose them for DMC 2.0
Namworld: In fact, some weren'
t repaid at all.
Namworld: Well the SEC might disagree with you arbitrarily voiding shareholders who sent you funds. SEC wants compliance, they don'
t say "Well all that occured without us never existed, don'
t sweat it."
Diablo-D3: Namworld: when the SEC asks you to do something, you don'
t discuss it with others, you just do it.
Diablo-D3: two of which can never be liquidated because, frankly, they don'
t exist.
Namworld: That Nefario lied to you doesn'
t discharge you from responsibilities to DMC 1.0 holders. You know it. What's been done is done.
Diablo-D3: Namworld: I mean, you don'
t even have a right to even have this argument with me
Namworld: Doesn'
t matter that there's no USD assets. That just means it might be hard/impossible to seize. Not that no wrongdoings would be found.
Namworld: One complaint about it and good luck managing to get any funding for DMC 2.0 in any sort of legal way. The fact DMC 1.0 shares were sold to non-accredited people doesn'
t give you any legal basis to void them.
Namworld: I said "If", which is not the case. Even if DMC wasn'
t properly registered, the contract exist and is valid.
Diablo-D3: If DMC doesn'
t exist, then what are we discussing exactly?
Namworld: If DMC doesn'
t exist, the transfer of funds for that inexisting company sure took place.
Namworld: As per the contract, you can'
t Namworld: Diablo-D3, you can'
t close DMC like that and you know it.
Namworld: The no rights to asset clause is merely an indication that we can'
t directly make a claim on the asset. Not that the manager can take those assets for himself/other endeavours.
Namworld: It doesn'
t need to. If you sell share in a company and then void shares and get away with it all...
ozbot: Reasonable man theory legal definition of Reasonable man theory. Reasonable man theory synonyms by
t Diablo-D3: Namworld: you clearly think the contract says something it doesn'
t.
Namworld: No right to assets, but you don'
t either.
ThickAsThieves: While I wasn'
t around for the earlier offenses, it does seem that DMC always manages to find a the worst way to manage its assets
Namworld: You can'
t arbitrarily void them. SEC would agree it wasn'
t done properly. But you can'
t void past actions.
Namworld: You still can'
t take DMC's assets
pankkake: don'
t be mean, Diablo might cry
Diablo-D3: I mean, where DMC is going, we don'
t need roads.
Diablo-D3: [02:27:41] <Namworld> Void? What about the holdings? You can'
t pocket them for yourself.
Namworld: Isn'
t your identity known? If you just pocket DMC's assets like that... Not going to look nice.
Namworld: This logic is flawed. Any entity wishing to comply to regulations should attempt to close properly. Which certainly doesn'
t entail voiding existing contracts and pocketing assets. That may only hurt your plans.
Namworld: Void? What about the holdings? You can'
t pocket them for yourself.
mod6: well if he doesn'
t mention it, i guess it never happened.
dub: I like how theymos hasn'
t mentioned the hack or recommended changing passwords in any comms to users
KRS1: and they're actually quite pleasant and polite. Can'
t say the same for those form Somalia.
mircea_popescu: except the scams didn'
t collect far more, they claimed to have collected far more.
Namworld: Bitfinex volume isn'
t that low. There's like 1 million usd and 2000 BTC loaned out for margin trading right now.
mircea_popescu: couldn'
t have been that many trades anyone, someone'd have noticed/bitched.
Lennix1: well namworld I don'
t want to disillusionate you, but it seems that the only thing Ukto is doing, is watching his pile of bitcoins grow and grow
Namworld: Isn'
t it odd? Bitfinex still around. It's Bitcoinica 2.0 pretty much.
dexX7: i think so, or i probably visited when it showed something romanian. though i wasn'
t that interested at this point to dig deeper.
Namworld: I doubt it. It's a frontend bug. He doesn'
t test front-end enough I guess. Nothing keeps front-end from sending bad trades at the trading engine.
dexX7: last year, when i didn'
t know much about bitcoin and browsed btctalk mostly because of "x got hacked" news, i somehow ended up on trilema (-pr did a good job, i guess) everytime and was wondering "what is this cryptic language and why is this guy using a picture of himself as background" ... interesting how everything turned out a year later.
mircea_popescu: i am amused at the noobs that still don'
t grasp why their average bitcoin lifespan is less than a year.
☟︎ dexX7: trades were shown as executed but actually weren'
t and even more funny: right after that moment you saw the "share balance" of the user from whom you tried to buy/sell shares..
mod6: i hate to see the GC closed. but fatasses hike into it everyday and can'
t get out so they need to emergency helicoptered out. so *shrug*
nubbins`: what i was saying is that you very well might be able to compile eulora on OSX, but the version of GCC bundled with it won'
t work
nubbins`: GCC included in OSX doesn'
t work well at all with eulora code
mircea_popescu: a new version is about to come out this month tho, with a bunch of changes, so if the binary doesn'
t work prolly save yourself for that rather than compile old code.
mircea_popescu: "I have not been able to get a hold of Sam in over a week. I have talked to TheSeven over Skype and I can'
t speak for him but I feel that we are reaching the point where the Labcoin team being absent is just not even close to OK anymore."
mircea_popescu: i don'
t hate everything us, i fuck us chicks like weekly.
Namworld: Only MPEx will still allow US people I guess. MPEx doesn'
t care/discriminate. MPEx only requires a minimum of funding (registration fee)
mod6: either that, or restrict the internet to only a select handful of groups/individuals. although, that wouldn'
t probably go over very well.
nubbins`: don'
t let anyone steal your french fries or 50 lashes
mircea_popescu: nubbins` you realise "cant be arrested" != "can'
t be prosecuted" right ?
mod6: i guess i should retract that statement about cracking wpa2. perhaps the cryptosystem itself perhaps hasn'
t been broken yet. but it can be dictionary attacked, of course.
nubbins`: well, hitting people with vans wasn'
t part of his platform!
mod6: think of how dangerous this gets. if you can'
t run an open wifi channel because of 'terrorists', then you really can'
t run an encrypted one either as WEP/WPA2 have been broken.
nubbins`: but i don'
t think it'd work in practice
nubbins`: they tried 2 and it didn'
t work
nubbins`: but afaik girls can'
t impregnate each other
pankkake: I don'
t think I know any romanian pornstar
mircea_popescu: <ThickAsThieves> the irony here being that I planned to take mp aside to discuss the possibility of such things BEFORE they happened... << don'
t worry, it's how it works. I had made plans back in january and announced ppl about my conference last year, so as to make it BEFORE BTCprice went up. scheduled it for april, asshole btc went up in march.
Jere_Jones: The fee doesn'
t sound that bad in that context.
ozbot: Hitler finds out MtGox still haven'
t implemented Litecoin - YouTube
ThickAsThieves: I haven'
t actually migrated anyone from BTCT to BF yet
Jere_Jones: I *really* hope this doesn'
t interfere with their execution.
pankkake: I wouldn'
t want that thing to explode in my anus :/
pankkake: no, there's the number, but it doesn'
t say what it is
ozbot: Futurecop - Ain'
t That Fresh!.m4v - YouTube
mod6: that is the first thing so far that really has bothered me. you don'
t change something like "1 = true = has a value = something, not nothing" to "1 = false = has no value = not something" just for fun. thats confusing for the sake of being confusing.
dub: lulz don'
t sleep, the internets sustain us
peterl: ThickAsThieves this video is really bad quality. Couldn'
t you at least get a tripod?
BingoBoingo: b0n1: That 5 BTC no bet, probably wasn'
t a hedge. Sometimes a BitBet bet is just a bet and not a fancy hedge.
mircea_popescu: it's a great thing all these "companies" don'
t actually have professional cfos involved so nobody realises just how much damage a faux pas of the sort does to their prospects
b0n1: I think its an idea worth thinking about since back/lay betting systems are much more attractive for intelligent punters who don'
t want to get robbed by line bettings
mircea_popescu: i don'
t think a discussion of the cluelessness of the population can in principle be made into a comparison of betting systems.
b0n1: don'
t see the point here
mircea_popescu: i don'
t see we have such a shortage of events that we need to make them last by creating dozens of bets out of the same one thing
BingoBoingo: Thanks mircea_popescu they seem like they can'
t even throw a proper labcoin style AMAZINGCOMPANY shitstorm. This might be more boring than I anticipated.
pankkake: I wonder why people don'
t just setup auto renewal
BingoBoingo: Oh, the Ryan Dickherber character got a mention here. At some point he contacted me in response to some local meetup I half assedly tried to organize. He seemed rather boring so I didn'
t bother. Pretty sure it is actually his name though.