302800+ entries in 2.083s
kakobrekla: that whole thing is too much of
a ghetto
kakobrekla: 6) As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means
a continued delay, but for good reasons. We’re looking at July right now, though that depends on
a few things. Mainly, we want to do things correctly from the beginning.
kakobrekla: say that we made
a difference in sorting it all out in the early days. New exchanges, business models, merchants, traders, and consumers are rising up to innovate and create
a whole new way of doing business.
A lot of lawyers are getting new cars in the meantime too.
kakobrekla: ) Mt. Gox is certainly not
a martyr, but it would be hard to argue that we aren’t "taking one for the team" as far as Bitcoin is concerned. We are
a big target, and are absorbing the frustrations of Bitcoiners, regulators, banks, and
a media that still doesn't quite understand what Bitcoin is. This is
a job we are happy to fill, and not just because we are compensated for it. Our hope is that, once Bitcoin finds its place, we will be able
mircea_popescu: ThickAsThieves it is the future horizon of bitcoin management as
a collective.
mircea_popescu: im not sure you're allowed to be
a bitcoin scam w/o that.
ThickAsThieves: While not the most in-depth update we'd like to give, we hope that it has at least clarified
a few things. In the next few weeks we are planning to do another AMA on Reddit when we’ll hopefully be able to answer many more questions and also shed some light on what’s been going on at Mt. Gox these past months. Thank you for your patience and support.
ThickAsThieves: 6) As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means
a continued delay, but for good reasons. We’re looking at July right now, though that depends on
a few things. Mainly, we want to do things correctly from the beginning.
ThickAsThieves: hope is that, once Bitcoin finds its place, we will be able to say that we made
a difference in sorting it all out in the early days. New exchanges, business models, merchants, traders, and consumers are rising up to innovate and create
a whole new way of doing business.
A lot of lawyers are getting new cars in the meantime too.
ThickAsThieves: 5) Mt. Gox is certainly not
a martyr, but it would be hard to argue that we aren’t "taking one for the team" as far as Bitcoin is concerned. We are
a big target, and are absorbing the frustrations of Bitcoiners, regulators, banks, and
a media that still doesn't quite understand what Bitcoin is. This is
a job we are happy to fill, and not just because we are compensated for it. Our
ThickAsThieves: 3) Our previous release was rather vague, but for
a reason. Mainly, we don't want to upset our bank! They do great work, but our kind of business is completely new to the banking industry. Processing international wires does not just involve pushing
a button. It requires real manpower processing everything individually, even in this modern computer age. While Bitcoin's power lies in
ThickAsThieves: We announced
a suspension in order to manage expectations while we deliver at
a temporary reduced rate. Our goal is to have
a new system set up in the next weeks with clarity for both the banks and for our customers.
ThickAsThieves: The reaction since yesterday’s statement regarding the temporary suspension of U.S. dollar withdrawals has had mixed reactions, and raised more than
a few questions about why we had to take this step right now. Rather than be subject to inaccurate speculation we’d like to clarify some points here. Due to pending matters we are unable to get into everything in great detail, though
davout: - you fucking idiot it's not
a cow, it's
a chicken
mircea_popescu: ThickAsThieves dude can you implement
a signup form in my buysiness card ?
ThickAsThieves: the client that wanted email signup in their email newsletter "what I read from newsletter marketing is to accommodate those who are forwarded the newsletter and then want to sign up. So, I thought it was
a great idea as people do talk about our e-newsletter and we encourage them to pass it along."
mircea_popescu: see, if you take
a credit and then receive
a letter from the bank saying you are late on repayment
mircea_popescu: do you suppose soon enouigh we'd have
a deal whereby it's ok to send farts, but i have to notify you when i do ?
mircea_popescu: currently mizuho is eating
a lot of overhead handling the mtgox situation, exactly because the reporting involved in that pooling is being made more ciomplex and more expensive
davout: nobody said they're going to cut out mizuho, i'm saying that it's technically possible for correspondents to filter out mtgox's flows but not possible to freeze the assets since they are probably pooled by mizuho on
a US account at one/many of their correspondent(s)
Chaang-Noi: im saying it was pretty much
a sure thing
Chaang-Noi: <mircea_popescu> bs collapsed on the POSSIBILITY of banks refusing their correspondence. i think you are understating the issue, it was more than
a possibility.
mircea_popescu: bear stearns was
a highly leveraged and thus risky money handler.
dub: emo rage into
a purple jizz pool of unicorn cum about completely unreasonable shit
mjr_: mircea_popescu: am i correctly seeing that as giving you
a valuation of roughly 24 million dollars?
Chaang-Noi: at 5? i might keep
a bt, but im sure 90% will be gone
[\]: each time it goes up
a btc, sell half an hold
[\]: as long as the dividends remain stable, there's no reason to sell unless
a person has an awesome selling opportunity or needs quick coins
truffles: my parents met in
a pub apparently
dub: dude is
a bag of dicks
dub: only because its goign to take
a lot of beating to get there from korea
dub: I'd honestly pay to have that guy beaten into
a vegetable state
Namworld: That's significant albeit
a small share of SD betting volume.
Namworld: These new dice games require only
a single payment, and retain the provably fair element. Then people can spam the bet button 10 times
a second. Quite addictive.
Namworld: [22:41] <Namworld> Bugpowder suggests Coinroll needs
a trollbox (chatbox)
cole_albon: bug powder do you have
a link? ripplebandit may need an upgrade.
Bugpowder: you can just hold down
a hotkey and bet continuously
dub: I'd rather stick my dick in
a blender
aknap3: well there ought to be
a few people here who have experience coping with that
dub: aknap3: theres just the looking like
a tool problem
aknap3: jborkl_ was meant as
a bit of
a pun, yes
mircea_popescu: point being, if every brick in
a wall contains an usb unit
dub: I'm gonna plant
a bunch of them wired up to mains power
dub: if I want to watch
a black dude bouncing balls up and down
a court I get
a mirror
mircea_popescu: tie up the wife and call in
a whore << sounds like
a winner.
dub: yessir gonna watch me some sports, beat the kids, tie up the wife and call in
a whore
cole_albon: It's not that bad, I just have been
a little irritated about mp stealing the white suit thing and the trash talking against English speakers such as myself just put me over the edge.
cole_albon: mircea_popescu: the only thing that has kept me from financial ruin has been
a day job and
a few hundred thousand ripples. (I assume that's the entity you were talking about) Today was the first time in my life I've gone to mpex.co and been pleasantly surprised. I'm
a believer again, at least for now, and I will be wearing the white suite to work tomorrow.
cole_albon: mircea_popescu I take issue with your classification of the English speaking world. Like you, I have
a seat on mpex and I personally was trying to pitch s.dice shares in
a white suit at San Francisco meetups
a full two months before you showed up on your blog in
a white suit.
optimator: humm, I think Aurum was
a way to get money into gox
mircea_popescu: "Effective immediately, we are discontinuing all business operations pending
a business model review. At this time we are unsure when, and if we will resume operations in the future."
Namworld: I need something noisy,
a text wouldn't work. And if I'm on the move, I don't have internet with me so wouldn't help.
deadweasel: if you can turn off your card before driving home, run back inside to work and change some trades. I'm not
a programmer so I can't program bots to do it for me.
mircea_popescu: Thank you for the email. As of now there is
a delay in bitcoin transactions. We apologize for the inconvenience caused.
dub: its usually more important for
a company to have n*ccie on staff than actually have the skills on hand
benkay: 54 yo masquerading as
a 19 yo?
benkay: unfortunately it takes
a modicum of intelligence and skill to pull off.
benkay: cheating is
a valuable skill set
mircea_popescu: "If these units have been produced
a week ago, like we are being told (new magic smt line, 50 units per day), how is it that they have an April firmware on it?"
ThickAsThieves:
A: No, trader can only use borrowed funds on Bitfinex, they can't withdraw it. Lenders are safe from this point of view.
jborkl_: You can open
a "Deposit" account to lend US dollars to others Bitfinex traders.
ThickAsThieves:
A: You can open
a "Deposit" account to lend bitcoins to others Bitfinex traders.
ThickAsThieves: Q: I'm
a long term bitcoin holder, what type of account suits me the best?
davout: it's funny they think they need
a money-transmitter license when clearly what they do is waaay beyonf that regulatory-wise
davout: my 4 year old made me
a painted egg-holder for father's day, i think she can give these guys
a design lesson
mircea_popescu: he was
a chinese studying ancient artefacts in new zealand
jborkl_: it looks like
a 6 year old did it
davout: that's like asking if
a cooking pan supports tea
mircea_popescu: We have now commenced with all the preliminary paperwork in order to become
a fully licensed money transmitter in Hong Kong.
mircea_popescu: no, iirc some guy had the idea of making
a diff coin where all balances lose whatever %
ThickAsThieves: there is clearly not enough drama yet, all the forum threads i follow seem to be
a dozen guys painfully obsessing over things they have no influence over