log☇︎
128600+ entries in 3.086s
____Atlas_____: I guess I haven't lost enough in this case. I got most of my money out in time.
____Atlas_____: Meh, I just don't see what we could get out of Nefario if we charge him.
____Atlas_____: mircea_popescu: A court ruling isn't going to bring your dead child back.
____Atlas_____: mircea_popescu: You can't possibly think the legal process works most of the time
mircea_popescu: OneEyed you have a solid point, but they're kids and don;t know how thigns work.
____Atlas_____: A lawsuit against him doesn't benefit me any
OneEyed: ____Atlas_____: ok, so bend over and take him deep, don't object, do nothing
OneEyed: ____Atlas_____: so they haven't put a motion forward because of that?
BTC-Mining: I'd say like mircea. For some reason Nefario might just want to quit altogether and isn't forced to close GLBSE. He might just be running from his responsibility as the manager of GLBSE.com
OneEyed: ____Atlas_____: so as far as I know, they haven't voted him out yet
mircea_popescu: this is why mpex doesn't even recognize the concept of shareholder vote.
OneEyed: ____Atlas_____: theymos said that he said he wouldn't move even if he was voted out
____Atlas_____: but he won't recognize it
mircea_popescu: these aren't white street cops in a black neighbourhood.
mircea_popescu: i really don't think so.
mircea_popescu: drekk realistically it wouldn't.
mircea_popescu: what if nefario just fills in with his addy for all those who don't respond ?
BTC-Mining: Or that would be claimed by issuer after people complain they haven't received anything.
mircea_popescu: BTC-Mining no, cause it wouldn't be a game of chase among 3.
mircea_popescu: so now suppose customer X complains he didn't get dividend.
drekk: don't aim too high. this is the internet & bitcoin & anonymous users after all. you won't find a smooth way to handle this like IRL. imho
mircea_popescu: what if i didn't steal it but the users claims so ?
mircea_popescu: if user X has 3 assets, you can't give his name/pw to 3 issuers
mircea_popescu: see, you can't split it.
mircea_popescu: online the gpg system might be sufficient (hasn't really been tested yet)
BTC-Mining: What's such a big fuss anyway, stock exchanges delist assets on occasions, it doesn't mean everything is lost, just that the asset is no longer traded on an exchange.
____Atlas_____: So Nefario isn't James McCarthy?
BTC-Mining: Hope you didn't have too much and too many different kind of assets femtotube then.
BTC-Mining: It would be a bit harder, but I don't see why it couldn't be traded OTC style with a room he on freenode like the #bitcoin-otc
mircea_popescu: which is why we don't take forum shit *that* seriously. to keep our sanity.
BTC-Mining: Well the whole argument was about how how presenting an opinion/guess as a fact is bad if you didn't directly witness the fact, as it creates confusion for the listener.
BTC-Mining: But theymos, on the other hand, apparently didn't saw anything.
BTC-Mining: Yes. But that you decide to claim what you saw or not as a body, you still can't say you witnessed a murder.
mircea_popescu: and i don't think you're particularly right, either.
BTC-Mining: I wouldn't go stating I saw a murder.
BTC-Mining: Okay... so assuming you didn't see what you think you saw and there was no body, you'd go around claiming a murder?
mircea_popescu: well that's the problem. you haven't, but in your place i have.
BTC-Mining: Acknowledging he might be using his own money, and that he just claimed he stole fund because he didn't think Nefario had the money for a lawyer.
BTC-Mining: He later said "I assume he's spending user deposits. Maybe he's using his own money, but I don't think he has enough to cover lawyer fees. He said in the meeting that he wants BitcoinGlobal to pay for the lawyer."
mircea_popescu: you can write it any way you please, but unless it's "here's so and so and here's the proof" it ain't a fact.
BTC-Mining: He hasn't been proven to have stolen anything*
BTC-Mining: Yes, but he hasn't stolen anything... the first claim by theymos was stating it as a fact, when he was just speculating.
BTC-Mining: You don't start executing someone for murder, than investigate if he was the murdered.
____Atlas_____: Well, we don't know if the moon is hollow.
BTC-Mining: Yeah, but he doesn't know.
____Atlas_____: Theymos wouldn't say that without a good hunch
BTC-Mining: "I assume he's spending user deposits. Maybe he's using his own money, but I don't think he has enough to cover lawyer fees. He said in the meeting that he wants BitcoinGlobal to pay for the lawyer."
____Atlas_____: It doesn't matter.
____Atlas_____: lol you can't negate that
midnightmagic: yeaah.. Just because something pops into your head and you can't think of anything else, that doesn't make it true, Atlas.
____Atlas_____: The government isn't special
midnightmagic: Corruption is indeed rampant in China. But the government doesn't like competition..
mircea_popescu: sure it can. but it can't be aquired by just about anybody.
mircea_popescu: ____Atlas_____ that means "if you don't make any money"
____Atlas_____: Then he wonders why most articles don't have "good status"
BTC-Mining: ghosts? Wouldn't it be schizophrenia? Common symptom is auditory hallucinations.
____Atlas_____: Honestly, I wouldn't mind that. I already hear ghosts whisper in my ear at night. I am already going batshit insane.
B0g4r7: If they didn't, oh well, they didn;t weigh in, but they will have had their chance.
BTC-Mining: And I'd want efficient governments who don't have to forbid activities simply because protecting people and separating harmful activities from non-harmful ones would be too hard if said activities were not forbidden.
B0g4r7: Shouldn't be a problem.
B0g4r7: I guess the atmosphere doesn't really extend but a few miles up, no?
BTC-Mining: Also, what will I do if I can't trade on the large price swings and price difference from GLBSE?
B0g4r7: Couldn't have been much. Their last sweep into the cold wallet on Oct 4th totaled 165 BTC and change.
BTC-Mining: I don't even know how much she deposited, I'll have to call her.
BTC-Mining: Hey, she doesn't have much money at all either, you know students.
smickles: I am, don't you know what inb4 means?
BTC-Mining: And didn't like the idea.
____Atlas_____: http://www.youtube.com/watch?feature=player_detailpage&v=5gwhHCtPZpc#t=539s
boonies4u: ____Atlas_____: http://youtu.be/LbObIAIR3sA?t=5m12s
sgornick: Doesn't say anything about photo id.
B0g4r7: That's a chatty bot. It can't summarize?
pigeons: that doesn't change what i said
bitcoinbear: I never used bitfloor, so that wouldn't hurt my anominity
sgornick: So, let's just say BitFloor, which reported their hack to the FBI, has turned over its DB [don't know if they did, just listing the possibility] and GLBSE's DB has found its way to regulators. How little anonymity for Bitcoin is left?
pigeons: btc doesn't care about the law, mpex high school football rules!
sgornick: Of all the security breaches that have happened, wouldn't now be the right time for GLBSE's DB to be leaked so that issuers can wind down properly?
B0g4r7: I don't think the participants minded or felt they were doing anything wrong.
smickles: mircea_popescu: "BTC doesn't care about the SEC. MPEx rules!" > "BTC doesn't care about the SEC. MPEx.us!" is better
mircea_popescu: wasn't he in distress ?
____Atlas_____: If he just pretended he didn't get the message and refunded everyone
BTC-Mining: go ahead and do a regulated exchange... but now by doing all this shit I'll need a lawyer's advice so... well yeah, I fetched Bitcoins in the users' deposits. The other owners of GLBSE I just screwed can pay you back that. I don't care about GLBSE anymore."
BTC-Mining: [22:45] <BTC-Mining> Ok, I'll make a guess at what Nefario's announcement will be: "Ok, so yeah, I'll give a code list for every asset, hmm... It was kind of boring me, hmm... also won't listen to other GLBSE owners as they technically don't officially own anything since GLBSE was not registered anywhere and hmm... yeah, they can have this old code I guess. So I'm kind of just going to
____Atlas_____: "I don't have much time!"
rdponticelli: But then you wasn't right when you thought you was wrong
pigeons: yeah i don't think using a credit card to register the site is nefario's problem
smickles: shhhh, don't let it out!
smickles: noagendamarket: not that i know for sure, but arn't brokers a subset of accredited investors?
smickles: noagendamarket: good point, i hadn't thought of that
smickles: if you don't care, Diablo-D3, why make a statement like youdid?
Bugpowder: I'm surprised we haven't seen a 'pirate' style selloff in coins
smickles: I couldn't even google that question.
mircea_popescu: well not everyone, but the sort that don't like mpex, invest in ponzis, think business = website + domain name etc.
mircea_popescu: BTC-Mining don't worry,. when i get kyc done i'll pass info along
mircea_popescu: BTC-Mining wasn't me, i hold virtually none
mircea_popescu: ironically, wasn't nefario trying to convince conference atendees about how scammy mpex is ?
Azelphur: http://www.youtube.com/watch?v=vmPD_YSQ--k&t=18m17s this, the 400 GBP was me xD
boonies4u: i don't know much about ya Azelphur
mircea_popescu: so now i can't update my nefario rating cause i don't want to lose my position as first to have negged him.
mircea_popescu: Azelphur aren't these films great in retrospect ?
Bugpowder: who would have though t that Romania was an advantage