332700+ entries in 2.617s
mircea_popescu: gigavps you absolutely need to make
a full length statement and discuss all this in excruciating detail.
gigavps: EskimoBob how can i trust nefario to give me
a proper list?
EskimoBob: I men we can do it with
a md5 has and be done with . You never have to know my e-mail address
EskimoBob: all he needed to forward to issuer was
a hash and
a payment account number
EskimoBob: list is incomplete because some received
a double payment when James fucked up
mircea_popescu: you are the issuer. you receive
a "list" which someone meanwhile tagged as
a scammer says is not complete. what do you do ?
mircea_popescu: listen, EskimoBob : back in april he was under
a lot of pressure (from me) to not even go ahead with the glbse listing.
Diablo-D3: <god> NO. INSTEAD I SHALL BLESS YOU WITH
A FOUR HOUR ERECTION. MAKE GOOD USE OF IT.
Diablo-D3: mircea_popescu: because fucking chicks is
a god given right
Diablo-D3: wait wait wait, I think japan has
a thing for this
Diablo-D3: mircea_popescu: might be cheaper to just get
a woman pregnant
gigavps: it's one of the main reasons for having
a claims process in the first place
mircea_popescu: he could be fucking some chick with
a law degree and no practice
Chaang-Noi: the lawyers made him pay first, never
a good sign, lol
Chaang-Noi: its costing him
a huge amount of money.
mircea_popescu: looky : someone sues X, Y and Z. X files
a motion to quash the suit because Y can not be sued in tha jurisdiction.
mircea_popescu: court won't quash
a trial that names him just because it names some foreign corp
Chaang-Noi: that is why there is
a motion to quash...
Chaang-Noi: they are saying the TOS says tehy have to sue in
a NZ court so suing in SF is fail...
mircea_popescu: "ALL current exchange operators, including those who make several thousand dollars
a month, are small peanuts, and will come under this pressure." that sounds
a little nefarious.
mircea_popescu: they all fling shit if they have to buy on their own
a post stamp
mircea_popescu: forget "the community". the community is
a bunch of howlers, they all turn out if there's
a catered party.
Diablo-D3: not if the community wants to make
a point
Diablo-D3: mircea_popescu: erm, DMC _cant_ afford
a lawyer.
mircea_popescu: <Diablo-D3> I cant do it alone, even if DMC could afford
a lawyer, it needs to be multiple independent complaints and suits against him << who told you this tho ?
mircea_popescu: <gigavps> if you go back 10 pages in the gigamining thread, there were multiple people asking me to get
a lawyer <<< lol
Diablo-D3: I cant do it alone, even if DMC could afford
a lawyer, it needs to be multiple independent complaints and suits against him
gigavps: if you go back 10 pages in the gigamining thread, there were multiple people asking me to get
a lawyer
Diablo-D3: gigavps: I find it strange you hired
a lawyer though
gigavps: PsychoticBoy let me
a least see if you are in the list
pigeons: i like the guy on the forum who complained for
a few pages and then at the end said, "does this mean my 2 shares of giga are gone?"
PsychoticBoy: I will invest as much btc
a needed to...............
Chaang-Noi: i dont think giga got
a lawyer as good as mine...
Chaang-Noi: he will be acting as
a broker more or less
Namjies: If
a government is bent on providing services to the population and public infrastructure, I'd prefer it's budget be levied through
a large property tax and luxury tax.
mircea_popescu: November 21 Thanks for the suggestion. So far we have been pretty successful doing
a bunch of transactions
mircea_popescu: MPOE-PR points him to the "wanna start
a business thread"
mircea_popescu: November 20 Hey all, I am attempting to start
a new business where people can buy and sell bitcoins easily and safely
Namjies: Well basically, anyone can make
a claim.
mircea_popescu: didn;t you hold
a bunch of giga on glbse too ? or am i confused
Namjies: I could always check with him if I can make
a second claim for my interest in the ETF.
mircea_popescu: the SPVs can go bankrupt without touching
A or B, and also their assets are off-balancesheet
mircea_popescu:
A makes SPV A1, B makes SPV B1, then B1 and A1 enter the contract
Namjies: Well I'll default on assuming it was an automatic/index one since you didn't charge
a fee, even if not specified as such.
Namjies: Could an ETF charge
a management fee and assume all management/legal costs in their contract?
Namjies: Well fine. I'd say so too. I don't believe it's fair to require you to incur the fee now required after GLBSE's fiasco. But the need for simple thing, I still say it doesn't excuse you would have required
a proper contract where you had protective clauses for yourself.
mircea_popescu: i still think this is the correct way to make such
a passthrough thing
mircea_popescu: that was the original idea, and for the very reason that anything else is too difficult to spell out in
a contract.
mircea_popescu: now if you imagine that i will out of my own time and money
a) go through whatever hoops Y comes up with and b) pay counsel to advise as to whether those hoops are safe
mircea_popescu: the logical thing would be for him to offer
a dollar settlement to all applicants.
mircea_popescu: and for the record, i'd be rather surprised if what giga offers actually is
a weekly btc payout.
mircea_popescu: so in short : i'm glad you see
a duty of care for the btc thing. i don't see why you imagine it can be extended into this "free anything forever" construction.
mircea_popescu: do you understand why i'd want
a lawyer to research and report as to whether i'd better claim as
a real person or as
a legal person ?
mircea_popescu: then
a month or so down the road they run you into
a wall
Namjies: I am uncertain why. It seems you only want to avoid any procedure/work/costs at any price.He simply requires you identify yourself along with
a notarized claim that you own X shares.
mircea_popescu: the very reason people are stuck with messes such as giga's is exactly that : they find themselves in
a situation where they have to assign other people's propetyu
mircea_popescu:
a "proof of ownership" that fails to disprove contrary claim is no such proof.
mircea_popescu: since glbse is not solvent this is
a moot point however.
mircea_popescu: in general it would depend on the particulars. in the particulars of all glbse securities, this is true, any reconstruction either private or on
a new exchange is
a new security.
Namjies: That it would somehow be
a "new" security, with an identical contract but that doesn't relate at all to the previous one on the exchange.
Namjies: Moving off an exchange creates
a new identical security, according to you?
Namjies: So it's not
a new security. It's the same, except it moved off an exchange.
Namjies: It remains
a gigamining bond paying 5 mhash/s perpetually.
Namjies: The other is identifiying yourself through
a claim for the same existing bond (Gigamining).
Namjies: One was exchanging ONE security PLUS
a fee (Gigamining 5 mhash/s bond + 0.29 BTC) for ANOTHER, COMPLETLY DIFFERENT security (Teramining bonds)
Namjies: Under
a different agreement.
Namjies: You have no obligation to convert
a bond into
a new bond.
Namjies: It was to exchange the bonds for another asset, in exchange of
a fee.
Namjies: Ah, but the upgrade is
a different matter.
mircea_popescu: smickles i imagine towards the end of the year someone's finally going to make
a proper asic run.
mircea_popescu: smickles i suspect there's going to be
a "real" asic run
smickles: mircea_popescu: because mining is such
a low margin activity?
Namjies: So you're pulling
a Joel Katz argument on me? Since it would cause
a loss to you to manage the ETF, I should eat the loss too?
mircea_popescu: so you bought
a distressed asset on
a vague contract and didn't ask
Namjies: [19:45] <Namjies> I don't recall the date. Over
a month ago I believe.
Namjies: I don't recall the date. Over
a month ago I believe.
Namjies: I'd consider it
a breach of contract. Being on the receiving end of that contract, any undefined situation should be treated in my favor unless
a conditional clause goes against that.
mircea_popescu: which, because of it's nature, imposes
a cost on my part, which isn't trivial, cause i have to put lawyers at work.
smickles: i dunno, mircea_popescu it is
a little shocking that you arn't trying to recover the value there
mircea_popescu: well, he's asking to identify myself in
a particular way
mircea_popescu: and if tomorrow gigavps comes up with
a 10x dividend payment if i sleep with him, irrespective of what you may think my duty is, i ain't sleeping with him either.
mircea_popescu: srsly, just because you imagine things
a certain way doesn't mean they are
a certain way.