336000+ entries in 2.436s
sgornick: "WellsFargo cash deposits are currently suspended. We apologize for any inconvenience and are looking for
a resolution."
mircea_popescu: well that's ok, he makes
a third coming, this time with
a frozen BTC and
a frozen USD balance.
mircea_popescu: There's no drama like Bitcoin drama. The "will pirate make contact" storyline returns tomorrow and the new season of "will BFL deliver" starts in
a couple of weeks. It's like reality TV without the ads. Which well-known Bitcoin business will suddenly fail next? Who should be voted off the libertarian island?
iz: just companies that have
a vested intrest in being secure authorities
MrTiggr: totally for that - thats not really regulation ... not in the true sense though ... its some form of compliance to
a satandard
MrTiggr: sarcasm included - thats
a real question
iz: all you need is
a 3rd party regulatory agency that has
a vested intrest in maintaining everyone's trust and not letting ppl break rules just because they got paid off
MrTiggr: exchanges are not bitcoin ... they are
a way out/in to bitcoin
iz: putting
a website up on
a VPS somewhere that he bought w/ bitcoins
copumpkin: MrTiggr: just like I got robbed because I hadn't learned martial arts, or wasn't carrying
a gun? it happened because an asshole defrauded you.
MrTiggr: so... you are defending the people who blindly "invested" bitcoin in .. lets say for arguments sake ..
a glbse stok .. with out checking who was managing the funds
iz: an investment scam vs
a real investment opportunity are hard to tell the difference between, without there being some sort of regulatory agency
iz: MrTiggr: how do you know what is good and what is
a scam?
MrTiggr: not as far as i am concerned - i equate bitcoin to cash ... im not giving my dollar bills to anyone i dont trust ... neither should
a bitcoiner
iz: how can you tell what is
a real investment company.. and what is
a scammy investment company?
copumpkin: MrTiggr: what if
a con artist lies his way into your building and takes money from your vault?
iz: should it be legal for
a company to carry on business defrauding grandmas?
iz: what if your grandma spends all of her retirement money buying
a new spaceage TV that cooks dinner for her
MrTiggr: the point i am making is that there is
a level of responsibility that normal transactions are held to, which bitcoiners seem to think doesnt apply
MrTiggr: if my mate buys
a TV from
a stranger with cash and gets ripped
Chaang-Noi: and really the SEc going after this will make the right wing nuts in the usa take
a hard look at btc and might even help it
copumpkin: well, the crime was already committed, and they can claim that many people were defrauded as
a result of the unregulated exchange operating for so long
Chaang-Noi: now if glbse was
a terrorist operation sure...
Chaang-Noi: i guess it was not
a legal demand after all
copumpkin: I dunno, all I know is that for
a while he had
a form up and then he took it down
smickles: it said "Accepted c5b1c47c.155918dc" and for
a moment, my heart raced as i thought i hit
a block
Ukto: smickles:
a hotel I stayed in Japan last april, was still on an ISDN modem
smickles: omg, i'm rocking
a 128k connection
dub: Diablo-D3: remake
a movie with it
mircea_popescu: Diablo-D3 prolly
a pretty penny to be made from sueing then
Diablo-D3: banks maliciously reverse loans within
a week after they credit check you
a second time
rdponticelli: You're supposed to raise
a ton of money and run away
smickles: also, most of my stuff isn't here yet, i'm using
a stepstool with
a couple of rags for padding as my seat
bitcoinbear: btc-mining, was it you who was always outbidding me by
a single satoshi? drove me nuts
thestringpuller: I don't know if you've ever seen the Chappelle Show, but there was an episode where this guy came into
a lot of money, played
a dice game, and won, so he had tons of money.
thestringpuller: Don't casinos make
a lot of money mircea_popescu? Like Las Vegas for instance, the Bellagio just rakes in money.
BTC-Mining: mircea, that's exactly the point, it's not casino odds if
a mining asset pays for x each week but the randomness makes it go 50% under the market rate per mhash then
a few days later 50% over market rate.
bitcoinbear: like nefario said, it was meant to be
a toy
mircea_popescu: so not for
a second do i consider that "market" in any way related to any economics.
mircea_popescu: actually, take mpoe.etf.
a DAY before it being unwound (at like 1.2x)
thestringpuller: for something that didn't have
a lot of market depth, GLBSE had
a sizable volume of outstanding shares.
BTC-Mining: It's not casinoing if the asset has
a base value through profit sharing. The wild price fluctuations just make it much easier to buy below market value and resell it far above market value.
thestringpuller: I lost 20 btc, but I've been mining with free electricity, so it's
a drop
mircea_popescu: right. from
a macro perspective the thing was harmful.
mircea_popescu: yeah. if you go to the casino and make
a lot of money your wallet might not complain
BTC-Mining: My wallet didn't find it to be
a problem at all.
mircea_popescu: thestringpuller well, tbh, relieved. it was the main threat to having
a btc finacials market. the longer it dragged on the worse it was.
thestringpuller: The second glbse went under I sold
a bunch of bitcoins, then waited and bought them back at
a cheaper price...
thestringpuller: gonna take months with my professor helping to get
a single "chip"
thestringpuller: It's tough I just started writing the verilog based on
a paper I read
smickles: i need
a favor. can someone send 6.25 btc to an addy for me, I'll repay you tomorrow
smickles: bitcoin is
a MMORPG, just like mircea_popescu said
smickles: with
a description of "FOR THE LULZ"
smickles: wait
a tic, mutum sigilum is an EVE ONLINE corp?
smickles: huh, he left w/o giving
a receiving addy
rdponticelli: Anyway, he defaulted, but I don't think he's
a scammer
smickles: what would
a virtual military be composed of Diablo-D3 ?
Diablo-D3: so we can declare war on other websites and then show up at their workplace with
a tank.
BTC-Mining: There's even
a few violent ones corrupting my bits!
chmod755: just
a few weeks and it's winter in the northern hemisphere
Doffx: If you kept them in your bitcoin wallet its
a great placce.
Eisenhower34: in regards to the past 3 months... there havent been
a good place to put your coins in in the last 3 months....
rdponticelli: And the scammer tag is just the prize they gave you when your ponzi has been
a success
Doffx: I did find
a really good place to put my coins lately.
Doffx: I didnt know that was
a requirement to run one.
chmod755: i'd invest them to buy
a scammer tag so i'm officially allowed to run
a ponzi
gribble: Error: 'smickles.com' is not
a valid url.
knotwork: the value is determined by the script by adding up all that corp's assets and dividing by number (typically
a million) of shares
smickles: chmod755: also, I need to contract
a webdev sometime shortly
smickles: I'll operate out of tucson, AZ as
a registered llc
rdponticelli: And at this point is kind of hard to setup for
a noob...
rdponticelli: But it still doesn't have
a lot of thing to invest in
smickles: *may well call it
a bitcoin accounting company
EskimoBob: he hated me with passion :) because I understood how full of shit he is and did not keep my mouth shut about it. fkn scumbag and
a liar he is
EskimoBob: Eisenhower34: I think there was 2 or 3 threads demanding
a scammer tag for usagi. Exchange went belly up and he was home free. Now he is gone.
jcpham: who took
a 2 month advance
EskimoBob: so, scammer usagi has left the building for good? I bet he has
a new username and he is lurking here right now :)
Doffx: mpex is
a guy trading shares with himself.
Ukto: (hell, if i coudl do
a piratebay, goto jail for 1 month, and then its good to go. that would be epic(
smickles: Ukto: oh yea, probably
a no-go in iran or something