223200+ entries in 1.571s
mrwdunne:
I think people prefer to live for longer though. Definitely go and do some charity in Africa though - its a great experience
fluffypony: ThickAsThieves: in all seriousness, there are a number of really good programs out here that are always looking for help -
I think
I linked to these guys the other day, but in case not:
http://www.jukani.co.za ThickAsThieves: The verdict is in, unless
i'm ready to move to Romania, and/or MPEx blocks US customers, and/or
I register as a broker/dealer with SEC,
I must decline the MPIF mgr position due to legal concerns. Even then, it'd take a combination of those to have any remote chance of safety. :(
mircea_popescu: decimation: re: amazon,
I've heard it's a tough life working there << but it's a large corp. of course they'd be managing the fuck out of all cost, neh ? afaik google is pretty much the only giant still trying to play the startup, otherwise even apple is bezos-ing it away.
mircea_popescu: they were really great, but recently did a dumbass websiute redesign breaking everything.
i bitched about it, they fixed some things, what can
i say. nothing good endures
mircea_popescu: or at least used to be.
i dunno anyone used it itches thingee, so you get to be the first.
fluffypony: mircea_popescu: no clue,
I left just before they folded Swistech into ISIS (Oct 2012), so whoever ended up managing that process would have been my replacement
pankkake:
I wonder what a bankkake would be…
mircea_popescu: Naphex last numbers
i've seen, about 85bn try to move through triangular transfers a year worldwide.
mrwdunne: ThickAsThieves Sorry,
I don't know what you mean by bumfuck logic
mrwdunne: This is already public knowledge, however
I confirmed it with them. Hell
I think coindesk did an article on it
mrwdunne: ThickAsThieves
I have it in writing that they do not, and have no intention to regulate any bitcoin exchange
mrwdunne: ThickAsThieves remarkably
I have actually spoken with the FCA about this, as opposed to just reading their manuals.
Naphex: mrwdunne: before
i got splitted,
i asked what is your defense against bank fraud considering 'instant' bank transfers?
mrwdunne: ThickAsThieves
I agree, to significant buyers it is not an issue. However it is a significant advantage to significant amounts of smaller buyers.
ThickAsThieves:
i'll tell you, bank transfer fees are of little concern to notable buyers
mrwdunne: mircea_popescu
I have read through your posts on bitcointalk already. You pitch that if someone is competent and the idea has potential that is what matters.
I am the only person who has managed to get the account
mrwdunne: Naphex: yes, we are selling in stages, at each stage we will sell the shares for more. Whatever we have left we will use to provide liquidity. However
I think we will see a flood of people from the UK when we launch. Especially as the bank transfers are instant
fluffypony:
I would trust Naphex with my infrastructure
MichalisBTC: sure, and
I also
I would like to get more feedback on the project, give out more info
ThickAsThieves: MichalisBTC
I'd recommend registering your name with nickserv, then signing up for the Bitcoin Web of Trust. These are some of the verification methods we live by and a great way to build your rep while establishing an identity.
Naphex: can
i clean you out if
i get access to the gre?
MichalisBTC:
i guess there are a number of ways to do this, we went with Java and bitcoinJ was of great help.
ThickAsThieves: so,
i'm not clear how making thin clients and acting like blockchain.info will make you money
ThickAsThieves: so
i wouldnt rely on him for anything strategic or conceptual
ThickAsThieves:
I met the Cryptosys guys last year, we broke bread, Danny proceeded to fuck them in the ass, etc
ThickAsThieves:
i am not particularly experienced or understanding of what he wants to offer
pankkake:
I'm surprised things like mtgox bankruptancy were considered "bad" for bitcoin price
Naphex: well,
i missed the whole news
fluffypony:
I'm just glad
I never kept coins on there
fluffypony:
I have both my left and my right hands still attached
HeySteve: yeah Eleuthria contacted me, glad
I was vague and didn't make any accusations of involvement there
random_cat:
i think that depends upon where one's nose is
HeySteve: they hint it's related to heartbleed, NRPE or Ebury, not that
I'd heard of the other 2
HeySteve:
I'm more interested in the malware and where the coins are going,
I wonder if they preserved a specimen (sort of thing)
HeySteve: well
I have no idea if they caught this early or late
fluffypony: bounce: licensing is the issue,
I think
fluffypony: bounce: 100% -
I wasn't arguing for or against it, although
I do think that the best non-AML route will always be otc/face to face
Naphex: which for a bitcoin exchange,
i doubt its going to be enough
MrWDunne:
I'm responsible for initial setup. That is something
I can handle
MrWDunne: Naphex: No that would be unwise,
I will have a professional do that, and learn from him as we go along
Naphex:
i'd care for backdoors, known 'issues', and insider leaks
jurov: wut "SEPA incurs a 3% hidden cost + £15"?
I wouldn't touch such scumbag banks with dry pole
Naphex: for something so sensitive,
i wouldn't do much trusting. or use developers that are not in-house
MrWDunne: Anyhow,
I do now need to go. So please send any questions to me on BitcoinTalk and
I'll answer them as soon as
MrWDunne: Of course, as
I said don't quote me on C++
I just know its not a PHP trade engine
Naphex: tbh,
i'd be scared of doing that in C++ enterprise wise
fluffypony: (well, an epilogue in that
I don't think anything further needs to be written on the matter)
fluffypony: listing on an "exchange" that anyone can list on with zero due diligence or even an email address verification makes it doubly challenging...
I suggest leveraging the -otc WoT and GPG contracts (
http://wiki.bitcoin-otc.com/wiki/GPG_Contract) to build trust and tie yourself down to shareholders
MrWDunne: Anyhow,
I have to leave in about 10 minutes to visit another bank (looking to get additional accounts for redundancy). If you have a few questions you want me to get a proper answer to just put them here and
I'll get an answer as soon as possible
MrWDunne:
I know as a matter of fact its not just PHP fluffy
MrWDunne:
I believe
I would be correct to say the frontend logic is simply done in PHP, but the trading engine is C++
MrWDunne: Hence why
I cannot answer questions directly about technical measures
BingoBoingo: "
I've heard this Country song, a thousand times before. Heard it all my life. Sung by different people."
MrWDunne: BingoBoingo:
I totally agree. Then again how did the due diligence stop say N&B happening
MrWDunne: BingoBoingo: In future we will be moving to another exchange - post launch. However
I will happily provide ID to a trusted member of the community in order to verify who
I am - and
I am willing to meet people IRL
MrWDunne: Yes
I can imagine,
I'm not the one handling the most technical matters. But by the end of the month
I will have the technical details available
HeySteve:
I suggest engineering for provable deposits from the getgo, multisig control of cold wallets also good
MrWDunne:
I can get those details available by the end of this month
HeySteve:
I suggest stating it not as "lax" but rather "minimal"
MrWDunne: Technically speaking we have no legal requirements to have any KYC/AML policy. We will require them giving us an address just not "proving" it. Also that is meant to be per month.
I need to proof read better
fluffypony: "We should be attractive to customers thanks to lax KYC/AML, as we will not require identification for those who wish to trade £500/€600 or less per week." <- so basically
I can get around all KYC/AML issues by opening 100 accounts?
MrWDunne:
I know about the sliding scale,
I used yesterdays volume for the calculation.
MrWDunne: Thank you very much,
I shall adjust it
fluffypony: "
I estimate bitstamp earns approximately 20BTC per day currently."
Diablo-D3: nefario is the reason that
I quit bothering with the bitcoin investment community
MrWDunne:
I have no idea. And
I know what GLBSE is, the guy who ran it owns coinfloor
BingoBoingo:
I honestly don't know if the English, Scottish, Welsh, or North Irish have it in them any more to run anything
MrWDunne: Well there is no true UK bitcoin exchange, but yes
I will make it more specific. One moment
HeySteve: this place is becoming a real Dragon's Den,
I'm thinking of writing something to that effect
MrWDunne: FluffyPony
I have sent you a tip for giving me a voice
MrWDunne: Anyhow,
I thought this would be an appropriate place to announce the IPO