log☇︎
324300+ entries in 0.202s
asciilifeform: but he did not do this because he is a ~principled~ fella.
asciilifeform: and no one would even have noticed that any was lost.
nubbins`: instead, he chose to...
asciilifeform: and it would have been 'donation to shareholders'
asciilifeform: nubbins`: if he had wanted to bail it out, he could have trivially - and anonymously - throw in however many coin.
nubbins`: https://bitcointalk.org/index.php?topic=339544.0 << aka the death knell of bitbet
nubbins`: just think: if bitbet had socked away the 10btc that the random dude said it stole from him, there'd only be a 7 btc fraudulent expense on the books
nubbins`: also seems a fairly retarded way to run a business, now that this has happened
nubbins`: he could've picked a better month to try it
nubbins`: i guess the plan was for mp to bail it out and trawl the divs for x months
asciilifeform: somehow i can't picture that 'zero asset' means 'dies if the wind farts on it'
asciilifeform: incidentally, i also have nfi how the 'zero asset' thing works. i.e., what was the plan if somehow bbet had lost x btc through some other misfortune.
nubbins`: long time to work for free
nubbins`: that's gonna take like a year or two, man
asciilifeform: rather than trying to telepath.
nubbins`: oh, me too. i'm not sympathetic to children playing at adult games tho
nubbins`: but i don't think this is necessarily alf's position
asciilifeform: i am also sympathetic to the argument that the currency chair broke when he sat down on it and wtf.
nubbins`: my guess is fraud; alf's suggestion that B was nipped from another bet is suggesing ponzi
nubbins`: ponzi is the alternative explanation, if B was not mp's funds but was funds from another bet
nubbins`: nothing noble in the act, in and of itself
asciilifeform: i admit that i don't see the ponzi aspect here.
nubbins`: <+asciilifeform>with whatever was in reach. << madoff was putting out fires with whatever was in reach, too
jurov: but i wouldn't call it ponzi, at least till bitbet has equity
kakobrekla: asciilifeform things of far lesser importance were normally discussed by 'the board'.
nubbins`: asciilifeform then the listing agreement is extremely poorly written
nubbins`: 4.3. Should BitBet fail to execute this Agreement, as for instance by but not limited to breaching 3.2.h above, MPEx will notify the named individuals of their breach and may, at its sole discretion, suspend the asset from trading thus activating the liquidation of the asset.
assbot: Logged on 07-03-2016 16:13:55; mircea_popescu: asciilifeform the way it worked, from the beginning, was that he did the site and i did admin and payouts.
asciilifeform: nubbins`: http://log.bitcoin-assets.com//?date=07-03-2016#1424847 << suggests that it was not 'behind back' but the normal operation of bbet ☝︎
nubbins`: unfortunately, in the case of breach of contract:
jurov: well, we have breach of conract then
assbot: Logged on 07-03-2016 16:31:53; kakobrekla: http://log.bitcoin-assets.com/?date=07-03-2016#1424891 < this is not so. it was not bitbet experience (for example i was not even aware of any of it) and publishing your interpretation on qntra does not assert absolute truth, it just tells everyone who reads it what you think.
asciilifeform: nubbins`: recall, mircea_popescu said something to the effect of that he was putting out a fire.
jurov: i'm rather curious if the point 3.2d was fullfilled, i.e. kakobrekla agreed with whole crapolade
asciilifeform: well in that case it wouldn't be 'his own money', but legit operating meat, no?
nubbins`: that's taking new funds to pay off an old debt
nubbins`: aka tx B
nubbins`: there is, however, a thing in the bbet listing about not putting private expenses on the books.
asciilifeform: because we are not in the soviet air force.
asciilifeform: there is nothing in the bbet listing concerning 'if officer blows up the reactor, he will pay for it out of his lunch money'
asciilifeform: and this is not a mega-surprise, it is quite how the 'separation between the man and the uniform' thing works.
asciilifeform: as far as i can tell.
asciilifeform: if mircea_popescu pulled the reactor control rods out because he had a drink too many, the shareholders, per the spec, have precisely two options - to forgive him, or to sell
assbot: Logged on 07-03-2016 16:12:01; mircea_popescu: PeterL when the ceo of a company makes a stupid mistake, the company pays for it. there are exactly no exceptions to this rule, nor will there ever be. morever, even when what the ceo does isn't a stupid mistake, the shareholders still pay for it.
asciilifeform: so i reread the log, and,
deedbot-: [Qntra] Google Tries Juicing Ad Sales WIth Appeal To Vanity - http://qntra.net/2016/03/google-tries-juicing-ad-sales-with-appeal-to-vanity/
nubbins`: i should make a bet, "mp will attempt once more to remove nubs from lordship list by march 9"
nubbins`: rubes wouldn't normally wager 7 btc to earn 0.4, but if you hold the keys, it's less of a gamble
nubbins`: nah, although i think it's fairly boilerplate that if there's x to be made by betting y on a late bet, it happens
PeterL: anybody want to guess as to whether one of the winning bets on the JebBush bet was owned by mircea_popescu? who got the extra 7btc payment?
nubbins`: kakobrekla is gonna be pissed when he realizes that under mp's proposed terms, kako doesn't see a dime of dividend payouts until mp is made whole again
nubbins`: why the fuck would you use such a site?
nubbins`: seriously: outstanding bets that are in the system RIGHT NOW will be heading to mp's pocket later, to pay him back for his personal loss
shinohai waves at #b-a from his hot air balloon powered by todays logs.
nubbins`: kakobrekla do you think you could make the "PAYOUTS CANCELLED FOREVER" text a bit smaller? it's taking over the whole page
nubbins`: just as long as we're all on the same page here that the 17 btc is fraudulent and mp is refusing to admit his fraud, i don't really have anything else to add, aside from shredding the ridiculous rebuttals put forth so far
nubbins`: asciilifeform thanks, it's refreshing to learn that at least one other person present is able to obtain information from words that have not been packaged up into a "blog post"
asciilifeform: nubbins`: i think you did a perfectly fine job of putting the argument in the logz.
nubbins`: asciilifeform if you'll recall, i'm unable to ask mp because he has me on ignore; i've asked him via gribble ;;echo but he has deigned not to respond, save only through his girlfriend, who had nothing sensible to say
thestringpuller: asciilifeform: Are you familiar with the Dark Knight Returns?
asciilifeform: if i had to guess (why?) - say - drill.
asciilifeform: anyway nubbins` i srsly have nfi why the 17 was put in as bitbet expense, ask mircea_popescu, i'm not his mother.
nubbins`: asciilifeform looks all A-OK to me
nubbins`: yours didn't have a $7,000 private spending spree on the books
nubbins`: 1-month absences are allowed if the missed statement is rolled into the next
nubbins`: and if that statement doesn't cover march AND february, then s.bbet has failed reporting requirements as per mpex regs
asciilifeform: nubbins`: idk, if this carries on, i might have to take up his offer and visit in person (and perhaps disappear into whatever gulag they put the real mircea_popescu in !1111)
nubbins`: wanna give him a month? next bitbet statement should be out by then
nubbins`: pick a timeframe and we'll see
nubbins`: you can't leave it open-ended, that's just not gonna fly
nubbins`: what's the upper bound on the amount of time you'll wait?
assbot: The Hour Of Reckoning on Trilema - A blog by Mircea Popescu. ... ( http://bit.ly/1Laq9r0 )
asciilifeform: nubbins`: i'ma wait for mircea_popescu to wake up and admit he was conducting a drill.
nubbins`: bitbet is a scam site if this stands, unequivocally. i dare you to declare otherwise, and if you so choose, please PGP sign it for us all
nubbins`: put his job on the line and see if he worries
asciilifeform: he had that muscle removed in the war.
asciilifeform: i dun think kakobrekla is congentalyl capable of worry
nubbins`: he's probably too busy worrying about bitbet vanishing
asciilifeform: what does kakobrekla have to say ?
nubbins`: i can't tell if you're advocating letting the fraud stand as the only sensible option
nubbins`: "sorry guise, turns out, as you ALL KNOW, i made a mistake that would be interpreted as fraud if it stands"
asciilifeform: well that is my current understanding.
nubbins`: of fucking course he can. what planet is this?
nubbins`: you're the one saying he can't just say oops
nubbins`: strange temple you've built here, stan
assbot: Logged on 10-02-2016 17:08:22; mircea_popescu: alowing the possibility that this scam is actually worth taking seriously costs the people who follow what i say whatever it may cost them.
assbot: Moscow Cats Theatre - Repertoir ... ( http://bit.ly/1nrH3FX )
nubbins`: i'm here to get paid and call bullshit
nubbins`: i'm not here to make friends and brown-nose some random dude
asciilifeform: nubbins`: recall the quantum computer thread ?
nubbins`: what i was saying is that i came here and stuck around to make money
nubbins`: because the gold crowns are really heavy?
asciilifeform: does nubbins` understand why this is a painful job ?
asciilifeform: nubbins`: do you actually think he was trying to personally fleece you ?
nubbins`: but when the shit turns sour and starts liquefying and spreading around, well, it'd be remiss of me to not try to contain it
nubbins`: of course, one can converse with pieces of shit just fine, and even occasionally work together on common goals
asciilifeform: i got enough of that as a kid.
asciilifeform: i don't much care for them, myself.
asciilifeform: afaik pete_dushenski is this canadian fella who likes to race cars, and also occasionally reads the logz and writes summaries, in something like stalin's radio caster (levitan) voice.
nubbins`: fwiw, i also think mp is a piece of shit, but it was easy enough to idle in here and fleece some money out of him now and again. that time's obviously passed since all of his ventures are either spinning wheels or outright fraud shops