128500+ entries in 3.052s
mircea_popescu: it wouldn'
t be safe for glbse to pay to old btc addresses of customers would it ?
dub: amuricans don'
t inhabit a whole continent
rdponticelli: Joy dub! You reached the bottom! You can'
t keep falling!
rdponticelli: Please, don'
t burn anything. Anything burned would be and essential unknown piece of bitcoin, for sure
rdponticelli: I think we all are living the groundhog day, it can'
t be a clusterfuck everyday. Surely it's the same clusterfuck happening over and over again....
mircea_popescu: some may say many things, including those. i didn'
t say them.
rdponticelli: Bad news: bitcoinica isn'
t in business anymore
copumpkin: if he wasn'
t baring his asshole to everyone, we wouldn'
t have +R
copumpkin: I don'
t think he's malicious, but I'm not too sure about the second half
pigeons: is your main concern with the code system that you don'
t trust that the information is accurate?
mircea_popescu: There has been [for awhile] a fairly reasonable service from MtGox lately as far as withdrawals were going. Is it going back to trouble mode? I have week worth of withdrawals, all don'
t move.
rdponticelli: Diablo-D3: do you really wasn'
t aware when you was writing your plan that there wasn'
t a minimal chance that it would end well?
rdponticelli: Glad that mtgox hasn'
t keep covering clusterfuck. They would own the whole economy at this moment
mircea_popescu: <smickles> holy shit, the gov'
t representatives in romainia are elected by plurality, and they use a civil law based legal system? <<< yes.
jurov: i started in '99, so don'
t remember much before
matthewh3: I think if a I2p exchange popped up and used hybrid wallets like blockchain.info then users wouldn'
t have to worry about the OP's running off with all the coins. If an I2p exchange popped like the GLBSE, Cryptostocks or LTC-Global how could users trust them. I know The Silk Road as been operational for a while but it could just disappear anytime?
boonies4u-Andro: if he doesn'
t end up asking for id, GLBSE is going to be dead
pigeons: if he doesn'
t end up asking for id then i was too critical of nefario
pigeons: you wouldn'
t want to take everyone's info to add to the shit you're in otherwise
matthewh3: I'm not Nefario's PR and probably shouldn'
t have spoke about our private conversation.
boonies4u-Andro: the question is what will happen to shares and coins that aren'
t claimed?
boonies4u-Andro: Matthewh3 - "I think he will need full legal ID to pay back coins and shares. Otherwise he risks being charged with possible money laundering and/or funding terrorism. Tho he won'
t disclose that information unless requested by the government/police."
matthewh3: Nafario hasn'
t paid a penny in legal fees and no Theymos has not sent any coins. The only way everyone won'
t get there coins is if Theymos doesn'
t return them. That's all I'm saying from now on and probably shouldn'
t have even said that :/
boonies4u-Andro: true, but there will always be some people who won'
t submit documents
pigeons: i worry from matthewh3's report that nefario may feel he needs those coins to pay a lawyer for survival may thus feel justified if he "can'
t" return them.
boonies4u-Andro: sounds like those who don'
t want trouble can'
t sell their shares if they wanted to
boonies4u-Andro: pigeons: i knew they were interested, I just didn'
t expect them to knock before coming in
pigeons: fuck, you really don'
t believe the sec sent otc members an email saying there is a private investigation into bitcoin securities, and that most of us didn'
t research to a comfortable degree wether or not it was legit?
pigeons: don'
t know if the sec contacted nefario, but the people who talked to the sec say the sec specifically was asking about glbse, "how you got your glbse account" and ppt funds on glbse
boonies4u-Andro: regarding what goat was saying, I don'
t think issuers should let Nefario get any unclaimed bonds
boonies4u-Andro: well, my guess is that asset holders won'
t honor bonds Nefario holds
smickles: holy shit, the gov'
t representatives in romainia are elected by plurality, and they use a civil law based legal system?
mircea_popescu: Bugpowder i ain'
t posting it tho, cause i have no acct.
mircea_popescu: if anyone has a reddit account be so kind to point out to them that i don'
t, and so won'
t answer there, but they can feel free to make the comments on the article
cryptorific: the difficulty adjustments weren'
t enough to compensate for the large and irregular hash power increase as far as i can see
boonies4u: or didn'
t have the volume to attract me
boonies4u: if you weren'
t selling turds, you probably weren'
t on my radar
boonies4u: Diablo-D3: you probably didn'
t put 40 in a week
boonies4u: ____Atlas_____: it means that he didn'
t put in consistent hours per week
boonies4u: Diablo-D3: given your behavior, I won'
t take your seriously
smickles: boonies4u: I wasn'
t prepared to pay in btc, so I didn'
t ask
rdponticelli: I don'
t know, but if asics really come out, the turds are going to plumbet even more
rdponticelli: But I don'
t know if those supposed trade-ins would be limited in time
boonies4u: if they aren'
t making ASICs, I'll be stuck with an FPGA
Azelphur: I feel like the only person to exist that hasn'
t been abroad, and doesn'
t drive
Azelphur: hopefully it's not passport and/or drivers license, as I don'
t actually have those xD
pigeons: we don'
t know. theymos implied heavy docs, nefario implied lite docs
cryptorific: it is when it comes to getting sent to jail, id imagine extradition is alot harder from romania than the UK, but you're right from the sense of legal liability, it doesn'
t matter
mircea_popescu: also, civil matters (which this would likely be) aren'
t usually jury-tried.
cryptorific: mircea_popescu: i'm in law school in the US. I say probably because a judge will leave up to the jury the decision of whether bitcoins are a currency. A judge wouldn'
t make that kind of determination here because its a matter of fact not a legal matter
cryptorific: Anduck: It probably would be considered currency if it came to trial. People forget that because the authoriities allow something doesn'
t mean they will forever
Anduck: why isn'
t habbo hotel coins currency?
cryptorific: anduck: just because the currency isn'
t USD doesn'
t mean its not a security, I'm certain a good prosecutor will get a jury to believe that bitcoin is a currency, its readily converterible to fiat and functions like currency
cryptorific: i'm sure thats the case, but when you can'
t get your hands on the people tht screw you, you'll tend to go after anyone nearby to let out your frustration, doesn'
t make it right, but it is to be expected
rg: and tell him i didn'
t snoop through his VM
matthewh3: basically the jist of what Nafario said on the phone about the shutdown was say he didn'
t want to go to jail
Bugpowder: the pirate liability he can'
t discharge
BTC-Mining: [14:25] <Bugpowder> if he doesn'
t return them to me
Bugpowder: The coins he is holding are a legal liability if he doesn'
t return them to me
BTC-Mining: At least theymos, contrary to his first post, eventually confessed he was just guessing it and actually didn'
t know at all if Nefario took any user's fund.
RogueAI: my main issue is that people questioned nefario about legal issues and he always said he wasn'
t worried
mircea_popescu: i mean, half the people investing at that time didn'
t even do any dd, just went by his bs.
mircea_popescu: apparently you haven'
t learned from usagi's mistakes either.
gribble: Error: User doesn'
t exist in the Rating or GPG databases. User must be GPG-registered to receive ratings.
mircea_popescu: Haven'
t read but I think it's safe to say ~30% of what's written in there is ridiculous and make no sense
BTC-Mining: So I don'
t trust theymos' say too much.
BTC-Mining: Aye... but theymos stated Nefario used users deposit to pay a lawyer, then admitted he was actually just making a guess as he didn'
t think Nefario had the money for a lawyer and wanted one.