130600+ entries in 2.783s
mircea_popescu: (yes, the fact that the pirate isn'
t around anymore was also a factor, i wasn'
t going to allow interest w/o ceiling in a ponzi atmopshere)
mircea_popescu: so really bondholder can'
t get more than ALL the profit.
smickles: i don'
t think it's going to drop under 10 in ~30 min
rdponticelli: Knowing that until monday, it won'
t fully recover
mircea_popescu: i don'
t care what you say *hands in ears* lalalalala. as long as it costs money to join IT SUCKS!!!
mircea_popescu: yeah well, a. i haven'
t seen it happen and b. i don'
t see i'd stand for it.
mircea_popescu: i'm not saying it can'
t happen. im just talking statistics.
Ignatius-otc: no, I mean I ahve witnessed 2 types of penny stock scams. One, where they dilute by continually printing enw shares and selling off until the price per share is some small fraction of a cent. then, they restructure and repeat the process. another type, doesn'
t dilute by printing shares, but by the method i have tried to desciribe to you.
BTC-Mining: Which doesn'
t mean it's all bad stocks
Ignatius-otc: mp if you can please elaborate on why you said "things don'
t work out that way. this particular attack would made everyone rich irl if it really worked.". this attack does work at times, i have seen penny stock scams use it
mircea_popescu: things don'
t work out that way. this particular attack would made everyone rich irl if it really worked.
mircea_popescu: Ignatius-otc i don'
t get it. he's selling his own shares cheap. how is this dillution ?
Ignatius-otc: yeah, Im reading it all. Don'
t get me wrong mp I am open minded and willing to put aside ego.
mircea_popescu: if you don'
t think so, that's fine, but you can'
t say "i never backed it up". i have.
BTC-Mining: I just have a problem with you bashing everything but MPEX randomly spouting as fact things you haven'
t researched or have proof for. Like claiming GIGAMINING devalued almost 50% when it IPOed at 1 and not 1.5
mircea_popescu: BTC-Mining dude. you don'
t like volume, you don'
t like price appreciation... is there something you can put your finger on rationally or are you just emotionally invested in this discussion ?
mircea_popescu: i regard it as disreputable. i might just be biased. some people regard it as reputable. course they don'
t tend to disclose their ownership interest in it.
BTC-Mining: This isn'
t about making your home tho, it's about making money
BTC-Mining: Indeed, you could, assuming you can foresee the future... unfortunatly you can'
t Ignatius-otc: I would normally just do the work myself mp, but I have already went on a wild goose chase once today. To read about Chaang and his glbse "scandal". Wasn'
t worth my time and didn'
t prove Chaang dishonest or doing wrong.
BTC-Mining: Didn'
t gigamining IPO at 1 by the way?
BTC-Mining: don'
t forget that GIGAMINING is not completly fixed, it upgrades
BTC-Mining: mircea, stop deluding yourself... if you don'
t make an interface like a broker and insist on having a stock exchange backbone and only allow quality companies IPOing, you'll need brokerage platforms like GLBSE
mircea_popescu: weren'
t you just telling about how you're pushing your own silly cvasi-fraud ?
mod6: i was around for all three, didn'
t get burned by any either.
chmod755: i didn'
t get burned in bitcoinica, mybitcoin, pirate, etc
mircea_popescu: i was talking with toffoo yest, sorta collecting people who didn'
t get burned in this, bitcoinica and mybitcoin
mircea_popescu: they were gonna sue dwolla and all... dwolla didn'
t seem to think much of it... the end ?
mircea_popescu: well you'd have to ask them, wouldn'
t you ? i think they keep spreadsheets mostly.
mircea_popescu: Wolf_L these things aren'
t very accurate you know. more orders would spring up
mircea_popescu: lesson number two is that you don'
t go by what you read in some wikipedia article about what happens irl.
usagi: Well it looks irresponsible but you really don'
t know anything about it.
copumpkin: so the main benefit of selling investment insurance over investing directly is that you don'
t need to provide money, because the risk profile is identical. This lets you invest in a million different things, and assume way more liability than you're worth (ultimate leverage), which is only sane to do if your investments are uncorrelated
mircea_popescu: nav insurance ?! you can'
t possibly be offering that ?!
copumpkin: becasue you don'
t need to pony up cash up front
copumpkin: it doesn'
t make sense for you to accept less reward than a direct investor
mircea_popescu: as far as i recall the main problem was you couldn'
t insure against X person cause he could just buy that insurance secretly and then default
copumpkin: yeah, I realized I didn'
t want to diversify coverage enough to make it work, and the legal issues with CDSes in particular were too annoying
mircea_popescu: copumpkin worked on it for a while, but it just doesn'
t work.
usagi: Well, I don'
t have your dox mircea
smickles: also, it should cover my clients in the even i can'
t perform my duties to them
usagi: I wouldn'
t say anything smickles does is small beans. You're well-respected around these parts
usagi: Thanks I was just panicking because I didn'
t know what to do
smickles: and the people who don'
t want to call, can use the web ui
smickles: but i don'
t know what advice yet
mircea_popescu: there is something i don'
t understand here tho. if i ihad the option of using a website or talking to a person, i'd chose the later.
smickles: I haven'
t advertised my services too much becaus I'm not done coding the website
smickles: reading the log, i feel like i read "bullshit, there arn'
t bitcoin asset brokers. Name 3" <community then names 3 easily
mircea_popescu: the web couild exist offline or whatever, it doesn'
t HAVE to be accessed through teh internet.
Azelphur: I don'
t think that's correct at all (what does a web have to do with html documents)
toffoo: actually, I did briefly try mybitcoin and bitcoinica … but I guess it was lucky I didn'
t stick around too long
toffoo: no, I think you were around .. it wasn'
t that long ago
toffoo: haven'
t lost a bitcent to any
mircea_popescu: fact of the matter is, the guy who finally burst it weeks ago is not the first person who didn'
t get paid.
mircea_popescu: the way it played out, i sold the stuff, then the people with the passthroughs misstepped (i don'
t recall, i think announced 2k and issued 1k or something)
toffoo: I hope you didn'
t lose too much on that
kakobreklaa: 22:50.49 ( mircea_popescu ) which people whined i should make and now aren'
t using :D
mircea_popescu: which people whined i should make and now aren'
t using :D
BTC-Mining: Mircea doesn'
t believe in the almighty Front End.
asa: what is the s.mpoe security? i'm not on mpex so I wouldn'
t know.
smickles: < Wolf_L> You can'
t explain that. << therefore: aliens?
Wolf_L: You can'
t explain that.
smickles: pigeons: idealy it would have ";;rate pi -1 likely runs a ponzi. pays 7% and doesn'
t explain the function of the operation"
smickles: Wolf_L: i don'
t think that Diablo-D3 actually used the wot anymore
mircea_popescu: satoshi doesn'
t decide that, anyone can sell any time.\
mircea_popescu: something like btc or gold aren'
t by that definition nor can they be.