335000+ entries in 2.575s
thestringpuller: seems like the best place to make
a btc business is romania...
gp5st: but only
a profit from in
a recognized currency, like usd or eur, right?
mircea_popescu: (for purely accounting reasons, shares in btc, revenues in non-btc, makes
a mess)
mircea_popescu: however, if that company isn't principally taking
a btc revenue it makes little sense to list on mpex
gp5st: what are the legal ramifications for listing on mpex? would
a us-based company be able to put shares on it?
thestringpuller: ironically the only person who succeeded was
a 17 year old girl who is
a physics/econ major...
mircea_popescu: there is
a lot to learn. as i was saying, bitcoin is
a very cheap way to learn finance, comparatively. so, good for you.
gp5st: there is
a lot there to learn
mircea_popescu: gp5st anyway,
a good idea is to read up on options in general, mpex is pretty much the same.
gp5st:
a little bit. i buy an option @
a price and then when it expires i need to buy the underlying thing at the price i bought the option at?
mircea_popescu: gp5st you're not
a pain, kinda what this chan is for. do you know options in general ?
gp5st: i'm sorry if i'm being
a pain: how do the options work on mpex?
mircea_popescu: im not even sure what coinbase is, so i guesshey may have
a point lol
thestringpuller: There is
a section of Atlanta just like that. Full of new age retro hippies.
mircea_popescu: you can't tell me that something is
a manifestation of capitalism when that something is traditionally blue
mircea_popescu: these days it's mostly
a sad manifestation of american welfarism, but anyway.
thestringpuller: New York is
a good manifestation of American capitalism...
mircea_popescu: there's
a tiny fraction of the world called the united states, and
a much larger, comparatively more important rest.
thestringpuller: I'm just wondering more of, if
a BTC based company becomes profitable and takes VC money, does that mean it's bound by regulation now??
mircea_popescu: thestringpuller in principle yes, but
a lot depends on what contract can be agreed upon.
gp5st: there is
a details link i missed before
thestringpuller: but then again that's not mpex's fault, there aren't
a lot of btc-based companies worth listing
gp5st: mircea_popescu: since that's
a vauge statement i can't give anything but
a vauge answer
mircea_popescu: thestringpuller i always said, btc is
a very cheap way to gain
a good financial education
thestringpuller: mircea_popescu: I was thinking about what yo said
a few days ago. BTC is not for the average consumer. What if someone did
a BTC -> Stock Exchange pass thru?
iz: rg: i did for
a bit, but under
a different nick
iz: yeah, it's
a cool idea, but not terribly practical
mircea_popescu: or people dealing in options owning mpoe stock. you get
a discount
thestringpuller: so he hooked up
a bunch of gang members with legit stock options, which may become the standard for "hazard pay"
thestringpuller: So DL Hughley came on the Daily Show
a few nights ago, and he was saying how he interviewed these gang members. And he said, "Why don't we hook you up with stock options of the prisons you'll be doing time in, when you do time"
thestringpuller: I always thought the war on drugs was
a cover for incarcerating people for free labor.
mircea_popescu: "Putetumadre, what
a great article. Insight untold and unparallelled here. Tip of my hat. Where is the Bitcoin donation button? How can I reprint this on my Web site? Please e-mail me with answers. Thanks :-)"
dub: yes, and while I may have trolled Luke
a little, many assumed he was trolling for
a long time. He also unbanned me several times after spamming rainbow ascii crucifix depicting jesus with an erection in his channel
rg: im giving
a talk at their next meeting
rg: its
a local security group
dub: someone was asking about bfl as an investment, i pointed out that they are bad at beign honest about delivery times, Luke-Jr advised them I was
a troll and should be ignored..
dub: saw mention of some competitor with
a unit due out in nov?
dub: i got
a couple of mails from bfl is there an eta yet?
dub: I need
a TL;DR consultant
dub: its
a quote from DeadTerra
thestringpuller: 19:52 < dub> probably right. "Personally I don't think James is
a crook" - because I have an excellent record of identifying crooks
dub: probably right. "Personally I don't think James is
a crook" - because I have an excellent record of identifying crooks
dub: as much as I hate people throwing up occams razor for every fucking scenario.. how many times do you have to enable
a scam before you are the scammer
mircea_popescu: Oct 04 19:02:39 <DeaDTerra> I just talked to James, the situation is critical but stable for now. All the coins are safe in the offline wallet. It was not
a hack.
mircea_popescu: Oct 04 19:02:33 <mircea_popescu> it's not
a good business plan.
mircea_popescu: Oct 04 19:02:32 <smickles> mircea_popescu: guruvan "part of the bitcoinica, bitcoin consultancy, bitcoinica consultancy crew that has stolen
a large amount of customer funds. Do not trust these guys - bitcoinica, intersango, consultancy, or any new project"
dub: running
a scalping/arb bot is one of his primary 'partners', alberto's MO
dub: dude that has indirectly scammed
a shitload of people by starting 'businesses' with scammers
smickles: thestringpuller: it would be nice to have
a codified law which one can freely agree to adhere to in the bitcoin game
jurov: Ironically, becoming President would mean that I’d finally have
a job, but I’m willing to endure this short-term sacrifice for the greater good.
mircea_popescu: jurov did have
a pretty good point, the "community" actively selects for scams, then hee-haws about "btc being full of scammers"
mircea_popescu: so yeah, if you're buying containers or ships' worth from China paying in btc makes (
a lot of) sense
mircea_popescu: it's not particularly intended to or useful as
a trade currency.
jurov: if you're able to pay upfront or based on milestone, then we have
a deal. i can't afford to have another service that will maybe someday profit
jurov: why do you think so? options are available maybe
a month already
Chaaang-Noi: but now SEC is there and i already have
a guy for collections i dont know what i can gain
Chaaang-Noi: and i cant say there is
a crime unless i get
a differnt type of lawyer and go to usa and all the bs
dub: because its
a very retarded community
dub: also, bitcoin 'has
a large community' is
a negative aspect
EskimoBob: not even per month probably unless we have
a really good run
thestringpuller: also today I'm talking with
a coffee vendor on campus to put up
a "bitcoin accepted here" sign to take metrics on bitcoin users in
a technologically dense society
thestringpuller: I plan to get rich or die trying, in order to by
a space ship
thestringpuller: yes it is
a bit early for bitcoins, maybe it would be more suited for when we have space travel
Anduck: DeaDTerra still need
a loan
gigavps: and it was rounded up to the tenth of
a coin for some reason