log☇︎
291100+ entries in 2.148s
arij: thanks jurov.. we've been a bit short handed for the past few days. i want on my once-yearly 3 day vacation
mircea_popescu: nah, i'm a voluntarist.
mircea_popescu: anyway, as a lower bound, coupla hundred btc.
mircea_popescu: lyspooner http://trilema.com/2013/the-anatomy-of-a-scam/ http://trilema.com/2013/the-anatomy-of-another-scam/
lyspooner: do we still have a postal service?
mircea_popescu: whoa what a blast from the past.
mircea_popescu: point in case, the laughable bitpay "We lost our domains and a ton of btc" scandal. or, outside of btc world, the entire times lost their twitter account.
mircea_popescu: transparency is a complicated affair. everyone claims transparency, nobody delivers.
mircea_popescu: well, there's a balance here. he's a kid. kids are stupid by nature, cause that's how people are born : dumb.
MilkyLep: About as appealing as a juicy worm looks on the end of a hook to a fish.
mircea_popescu: MilkyLep he was running a coin lending programme, and some chatroom or w/e, he has some history.
pankkake: well the guy says "use this ip" in a forum
mircea_popescu: well it's a one man show run by a teen iirc.
San1ty: mircea_popescu, that would be the scam of a century :D
ThickAsThieves: probably a toss-up at this point
dexX7: he's working on a transition
arij: hard to keep a big reserve when you need to constantly expand
thestringpuller: lol this looks like a job for logs
dexX7: i set up a sound notification :)
BigBitz: is burnside a real life MM/Exchange guy?
pankkake: Should litecoinglobal.com operate at a loss for more than 30 days, burnside reserves the option to liquidate and distribute the proceeds.
pankkake: pretty much as buttercoin was a thing after one mtgox issue or something
the20year1: No reason for a TOR exchange
ThickAsThieves: he edited most details out of the contract a while ago
pankkake: those should go to zero… unless maybe there's a sale of the source code
pankkake: maybe the next step is a TOR exchange, where everything is allowed
ThickAsThieves: you didnt foresee a kid crashing mom's car?
ThickAsThieves: why is jgarzik out of the woodwork with telling everyone to make a decentralized exchange?
kakobrekla: hes a ratty-snake
gribble: Error: "clac" is not a valid command.
kakobrekla: a ok nvm
Rulother: Haven't seen Basic go below .1 in quite a while
kakobrekla: how he has a guy who will exchange this btc for cash in the city
fractal: the20year1: only with countries that have strong US ties...... thats why i say host the site in a country with weak US ties and the SEC wont have jurisdiction imo
the20year1: I didn't think they even had much of a pull with TSX
fractal: matuszed: pretty sure if you host it in venezula, or a non-aligned country, they wont give 2 fucks
matuszed: over something as treivial as a btc exchange
matuszed: No nation is going to pick a fight with the SEC
zoinky: because MPOE is a honeypot for the NSA
Rulother: If I see that I'll agree with MP that burnside is nothing but a scammer
Rulother: What a fucking panic
VanCleef: its funny because shes not even a woman
ThickAsThieves: Kate is also advising people to sell at a loss
ThickAsThieves: even though we decided a coiple days ago that BTCT was def closing, and started planning,
kakobrekla: >c) Create a new exchange (can't go into details right now but this is a possibility)
pankkake: that should be as easy as finding a bitcoin security that isn't a scam
Scrat: just have to find a double D girl with a triple digit IQ
soypirate: I want to have some faith in mpex as well. this is just a bad omen here...
pankkake: a few months ago
saulimus: why can't burnside just give the source code of the site to someone? seems like such a waste otherwise
kakobrekla: but this btc thing is not a little everyday spenders thing
leotreasure: involves a major shopping centre and a Lamassu machine or 2 ;)
saulimus: that looks like a star trek script
kakobrekla: "oh what a surprise!"
Scrat: just a few minutes ago it was even
DiabloD3: burnside is such a fucking scammer
San1ty__: you need a weexchange account for bitfunder
DiabloD3: maybe in a few months
DiabloD3: VanCleef: well, its about to get a fuckton of new assets
nii236|irssi: The fact that a plan exists is promising
ThickAsThieves: We had already been discussing a plan for BTCT closure since it was obviously imminent
ThickAsThieves: i had prepared for a long day today
pankkake: imagine btctctt delays its closure a bit… that would be fun
pankkake: let's hope he creates a BTC-ATF :)
pankkake: I'm more upset of the loss of ltc-global… I'm going to be stuck with ltcs and they have lost a lot of value
Vexual: i thought paying a team of lawyers big bickies to tell you that you're breaking the law would come to be known as a neobee, i guess it's a burnside now
Ukyo: Duffer1: actually it has helped quite a bit for legal reasons
Duffer1: get them to show you a vid of their setup, with IDs of the principles
Ukyo: which puts me in a bad position vs normal shareholders
Ukyo: this puts me in a position i did not want
Ukyo: Duffer1: keep in mind, labcoin probably wont even know about btct for a week, based on their communications ability :P
sdfsdfs: ukyo but you belive in labcoin? apperently you are a shareholder
Ukyo: or register as a cheap $50 corp in london ;)
sdfsdfs: easy to use a vpn
dub: a minor miner no less
Ukyo: is cog still operated by a miner?
Duffer1: this is a critical moment for you ukyo, step up to take over the entire market
sdfsdfs: you will get a lot of new assets
Ukyo: b. Burnside has now done a great job scaring all the investors/users shitless of any exchanges
Ukyo: a. BF will be loosing a lot of arb trade
sdfsdfs: at least burnside provided all issuers with a shareholders list. still he is a fucking scammer
Duffer1: somethin icebreaker mentioned in a thread, just trollin?
Ukyo: grew into a 2500sqf and up to 7,000 sqft datacenter in Dallas
Ukyo: i havent technically had a fulltime job in some 12 years :P
sdfsdfs: so you had a fulltime job before?
Ukyo: and working to get a license for BF at the same time
Ukyo: i am hoping to have a first money transmitter license for weex soon
sdfsdfs: well there is a bet on bitbet
Ukyo: BF has a _lost_ ready to go
Rannasha: Ukyo: How far along is your API? I was working on a desktop-client for BTCT using its API and now I have a half-finished project :(
San1ty__: might be a good time
San1ty__: why drop a bomb like that and then just go offline.
San1ty__: I have a feeling that'll end up as a disaster
Rannasha: San1ty__: only a PT on Havelock
sdfsdfs: there is a bid for 1000 ltc-global shares at 25. probably the buyback
Ukyo: they prolly wont know for a week
gangplank: i just sold for a small loss, rather coins in hand than wait it out
Ukyo: sdfsdfs: nah, i found a lot of liency where btc is involved
Ukyo: it means a huge loss of income for bf
Ukyo: i thikn a trade freeze site-wide wold have been better than .. this.