337400+ entries in 2.613s
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.
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"
DeaDTerra: <genjix> nefario is legit. for sure there is
a reasonable explanation and everyone will get their bitcoins back. i trust the guy. Seconed by me
ErebusBat: Doffx: *if* it comes back online then it could be
a massive opportunity
smickles: there's
a whole list in /topic
genjix: nefario is legit. for sure there is
a reasonable explanation and everyone will get their bitcoins back. i trust the guy.
mircea_popescu: taking
a positive look on things, this chan passed 100 users now, so can't be all bad.
mircea_popescu: jcpham why not ? after such
a long run of being naive, why break it.
copumpkin: it'll be
a pain in the ass, but many of the issuers will be able to move over to mpex, and issue you shares based on what nefario claims you own
mircea_popescu: ErebusBat glbse was
a scam platform. it closed down once it became unsustainable.
Doffx: What coins, if you have
a bond and not btc your fucked when this is over
copumpkin: asa1024: basically
a single guy managed to destroy
a major bank that had existed for
a couple hundred years by lying about how much he was making them
DeaDTerra: All the coins are safe, it's not
a bug nor
a hack. More info will come on Sunday. Try to stay cool kids
ErebusBat: mircea_popescu: any thread or pastebin I can read to catch up? Other than (CLOSED WILL UPDATE IN
A FEW DAYS?)
jcpham: hi! we have all your monies. the site is down. sucks to be you. we'll talk about it in
a few days.
BurtW: <DeaDTerra> Got
a hold of Nefario << only good news so far
copumpkin: mircea_popescu: long-term maybe :) short-term, I feel bad for
a lot of people getting fucked :(
DeaDTerra: I got
a answer from Nefario. He can't comment on the downtime until Sunday.
rg: im not
a high roller like all of you
smickles: I'm not positive it's his, but it's
a +44 code
rg: i think he probably found
a catastrophic bug
rg: nefario has
a fuckload of btc
DeaDTerra: Last time I talked to Nefario, he was looking for somewhere to live, I am sure he just has
a limited amount of internet access and
a bug came up and he had to shutdown the servers to deal with it.
rg: its not
a glbse closure!
FledNanders: I did not see this GLBSE closure coming. :( I just had
a friend invest 20 BTC yesterday.
rg: it hasnt been
a week since he was here
mircea_popescu: DeaDTerra on the other hand christians claim jesus' mom was
a virgin at the time
DeaDTerra: Anyone has his phone number,I want to give him
a call.
DeaDTerra: Nefario claims to hold all the BTC deposited into GLBSE in
a offline wallet, so he should be able to pay all the withdraws.
rg: for all we know nefario found
a huge bug and had to suspend trading ASAP
mircea_popescu: asa1024 you must have missed the many "glbse is
a scam" posts
smickles: Bugpowder: lol "I should have finished pulling out", now you have
a daughter
rg: imsaguy is listed as
a ponzi scheme
rg: mircea is already writing
a forum post talking shit about glbse
jcpham: if it wasn't
a bank run it's about to be
smickles: maybe they were fractional reserve, and suffered
a bank run
rg: isnt there
a forum post
smickles: is there
a way to open the port to the bitcoin somehow?
smickles: it never gets more than 8 connections.. oh, well, the second thing is that
a lot of the connections seem to time out
smickles: rg: why doesn't running bitcoin-qt thru
a socks proxy to my vps work very well?
rg: We were not meant to experience life through
a machine
copumpkin: I don't think it's really possible to make any legal calls here :) your guesses would be more educated if you were
a lawyer
smickles: that's more of
a spike trap, copumpkin
smickles: this is
a bait and switch, i swear
mircea_popescu: i'd very much want to hear what maged has to say now to turn it into
a "misunderstanding"
mircea_popescu: rg srsly, if you had 20 btc in mpcd.
A it'd have paid you .4 on the 1st
rg: im
a very simple man mircea
imsaguy2: are we making
a perpetual annuity?
rg: he's like
a pirateat40 who doesn't scam you
rg: its
a weird sex thing, you dont want to know
rg: want to do me
a favor/
jcpham: if you can't trust
a guy named nefario, who can you trust?
mircea_popescu: "At the moment, we don't see the virtual currency market as
a good
rg: my p&l is in
a leafpad session
rg: i can just do
a dividend with the missing amount?
BTC-Mining: I started with 400 BTC (2k USD) for the fun of it. When I found trading profit was good, I placed more and started taking loans at
a small rate, putting my portfolio in front of it to protect against loss of lent funds.
smickles: I did it because there was
a market opportunity. and I structured it in
a way that the workload was minimal
BitcoinBear: right, you could do some invsting on your own for fun, but taking other peoples money to play with is
a bad idea
BTC-Mining: That's what I was referring to as
a major problem.
BTC-Mining: I mean, you don't manage
a fund just for the fun of it...
mircea_popescu: not even sure its
a problem. this isn;'t the thing should be done "for fun"
BTC-Mining: Especially if you manage
a 500 BTC fund which earn 1-2 % (5-10 BTC weekly), then get 5% of that (0.25 to 0.5 BTC weekly)
BTC-Mining: Screws up the whole totals and percent when
a cell fills with "error"
BitcoinBear: we just saw one
a minute ago, so that should update at some point.
BitcoinBear: In the spreadsheet, why is MPOE.ETF listed as
a 0 value? just because it has not been traded in
a while?
BitcoinBear: not pay much? it is still
a better return than my credit card gets from me!
BTC-Mining: So, had
a look at contract and spreadsheet for BTC-BOND, BitcoinBear?
BitcoinBear: MP you have
a plural knowledgebase? usually it is afaik, right?
BTC-Mining: More than
a full fledged stock market.
BTC-Mining: But probably involve registering each asset as
a free trading one and involve
a quite
a bit more paperwork from everyone. And GLBSE would act as
a broker for those.
BitcoinBear: It is especially bad when GLBSE is running slow, going through all those page turns just to move an order up
a tiny bit to outbid them >:(
BTC-Mining: smickles, american regulations don't matter much if it's
a UK market and regulated as per UK laws... americans on GLBSE would be trading on
a foreign market.