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mircea_popescu: ReutersEmily if not, there's going to be another in 2015 anyway, so.
mircea_popescu: pizzaman1337 well i imagine she wants to come as press rather than vip
mircea_popescu: rather than six montrhs after, like your run of the mill overworked, overwhelmed, sclerotic bureaucracy.
mircea_popescu: and if the sec was at my april 2013 conference, they could have known about mtgox nine months in advance,
mircea_popescu: we could have together avoided a shitton of loss and misery.
mircea_popescu: now, if the sec had actually had a gpgkey registered with me in april 2012,
mircea_popescu: and unravelling a bunch of scammers posing as "bitcoin bankers" and issuing "credit ratings" and whatnot
mircea_popescu: ReutersEmily anyway, some highlights include calling out the pirate scam in april 2012, at a time everyone thought they knew better,
mircea_popescu: ReutersEmily not other than the limits of how many shares there exist in that company.
mircea_popescu: ReutersEmily take for instance mpoe-pr. you familiar with her body of work ?
mircea_popescu: there's a lengthy list, and all this is strictly a mpex thing, nobody else does it.
mircea_popescu: what mpex does is for fiat institutions to recognise there are people who understand how things work and are currently working to prevent such corner cases and bad behaviour
mircea_popescu: mpex keeps a list of what a signature owns, in btc or instruments.
mircea_popescu: ReutersEmily well, why not ? they seem of the same kind no ?
mircea_popescu: and then whenever someone orders a crossing sell or buy, the trade is executed and reported to the parties.
mircea_popescu: mpex ensures that he who orders a buy or a sell has enough of whatever is needed, stocks, btc
mircea_popescu: ReutersEmily the advantage of being here. i gain about 15 iq points when surrounded by these folks.
mircea_popescu: and in fact you can actually put orders in mpex right from here, by talking to the bots.
mircea_popescu: you could just code your message, give it to anyone (publish it on your blog, whatever)
mircea_popescu: once this is done, there's no more log in, there's no more anything.
mircea_popescu: this is how mpex works : a new user registers his public key with mpex, and registers mpex's public key for himself.
mircea_popescu: so now based on this you can send me messages that only i can decrypt, and i can respond in kind.
mircea_popescu: if you have the 17×119×5×3 set (ie, the private key) you can do some things which someone only having the 30345 (ie, the public key) can not do.
mircea_popescu: now it turns out you can use this disparity for great mathematical accomplishments, in the sense that
mircea_popescu: meanwhile, calculating 17×119×5×3 is trivial, and any kid in school should be able to do it.
mircea_popescu: as you can imagine, this'd take a while. you'd have to keep trying dividing it
mircea_popescu: ok. so let's first look into prime factors. the prime factors of 12 are 2,2,3,3
mircea_popescu: you don't have to run research it, just say no if you don't an' i'll explain. it's not really too complicated.
mircea_popescu: pizzaman1337 well there's this dastardly ambiguity in working for mp/working for mpex.
mircea_popescu: so if you want actual losses i'd guess ten to a hundred million.
mircea_popescu: that is easily over a billion dollars in today's market, but at the time btc was valued a lot lower
mircea_popescu: to date i would guess about 20 to 30k different individuals have lost to unscrupulous operators somewhere between half a million and two million bitcoin
mircea_popescu: which at the time worked out to well over half a billion.
mircea_popescu: ReutersEmily it varies wildly. currently in the 20-30k btc range. during one month it handled 400k btc in notional options exposure
mircea_popescu: pizzaman1337 over a hundred by now if you count absolutely everyone.
mircea_popescu: ReutersEmily about a dozen, it varies. they review public communications, keep track on the status of various purported btc companies, make regular statements etc.
mircea_popescu: i spend hundreds of my own btc to create evidentiary trails
mircea_popescu: i have an entyire department dedicated to researching and outing scams
mircea_popescu: so you know, on the ground there's quite legitimate concern.
mircea_popescu: people booking the traditional 50% losses in half year.
mircea_popescu: there has been a lengthy list of wannabe-mpex websites to date, it all ended bloody.
mircea_popescu: best anyone can determine, the sec is merely trying to cope with the serious problems of fraud enabled by unscrupulous operators
mircea_popescu: x.eur is a settled euro future handled by bitcoin-central's davout, so i suppose you could use that.
mircea_popescu: there are websites that purport to do this for you, if you can trust them. canonically bitcoin is obtained by mining it.
mircea_popescu: no, i am saying their debate as to whethet to come out and say its not in their yeard or not ended up in fishtails last tiem they tried to come to a declaration.
mircea_popescu: you may want to pick up the glove she failed to identify.