345709 entries in 2.6s
smickles: mircea_popescu: i would've looked like
a bonafide geenass
smickles: mircea_popescu: yeah, i meant to have
a buy in there to catch those sort of things :/
mircea_popescu: (wherein
a specified block was put up and anyone could deposit btc for
a set time, after which shares were distributed proportionally)
mircea_popescu: Yea i suppose so, but since there seem to be
a lot of people complaining about funds being stuck in intersango i have the feeling they will never get it back now that this is going on.
mircea_popescu: now if its the same cartmell im not so sure, but if it is guy's
a pitbulldogorca.
mircea_popescu: Cartmell was invited to testify before the United States senate in regards to Internet Governance by ICANN, is the inventor of five issued U.S. patents, led the successful battle against Hormel for the right to include the word "Spam" in trademarks that relate to email services, and is
a major shareholder and board member of companies ranging from digital payment services to all-natural zero calorie sodas.
mircea_popescu: well ya 2x, but they also have to pay servers and whatnot. im just saying
a coupla mn usd yearly revenue isn't HUGE. it's
a small business.
BTC-Mining: 2 million
a month with thoses fees x 2
mircea_popescu: let's do some math tho, at 2mn
a month with
a .5% fee they clear 10k btc which is 120k usd
a month
BTC-Mining: They haven't been around with high bitcoins price for
a long time
BTC-Mining: The cost to get
a secured platform developed and improved upon are high.
mircea_popescu: the sr guy supposedly clears 10-20 k
a month, so that could be another.
mircea_popescu: and there's my own money... it comes to
a decent chunk.
mircea_popescu: Ignatius-otc i run my own company (polimedia srl), i am
a business consultant.
Ignatius-otc: Do you have
a normal day job? If so, what is it? If you don't mind me asking...
Ignatius-otc: I made an account at bitcoinica but read of others experiencing faked market moves. I am familiar with them from chinese based forex bucket shops like cmsfx. I didn't get
a coin deposited before they shut down.
Ignatius-otc: Has managing btc assets become
a full time job for your mircea_popescu?
Ignatius-otc: btc is also an unregulated market, afaik...but I personally wouldnt take on the risk of being
a bitcoinica,unelss I based in tor maybe:P
Ignatius-otc: Many ebay sellers manipulate their fb as if they drop below
a certain % they could have their accounts temporarily denied selling rights. By having multiple accounts sellers can control their fb %.
mircea_popescu: Customer satisfaction on Silk Road is mostly positive, with
a 97.8% positive feedback rate, although less than that on white market sites like Ebay, which boasts
a positive feedback rate of 99%.
BTC-Mining: I'm
a bit too sleepy on this Sunday evening to read about anything.
mircea_popescu:
a a. normaly the options are financed by
a sort of bond auction
BTC-Mining: Says there you're lending funds to MPOE for
a 2% premium for the purpose of having the funds need for all ongoing open calls
DeaDTerra: I got
a 100 BTC loan for 0.1%
a week ;)
mircea_popescu: you're better off putting your money there than hussling for .5
a week
BTC-Mining: Backed by my personal income and
a larger amount of GLBSE assets
Ignatius-otc1: Can you explain that or link me to the explanation for such
a large fee?
Ignatius-otc1: mircea_popescu: is there still
a 20BTC fee to open an account with MPEX? I found someone with an account who would place orders there for me, but he wnated 10% roundtrip.
mircea_popescu: i hold quite
a few gigavps bonds but im hedged entirely, just the depositary.
mircea_popescu: the reason i wouldnt put money in mining atm is that i imagine they will be hit by
a double whammy of deprecviation
BTC-Mining: I was referring to the the purchase in my own issue by the way which happened just
a bit before
mircea_popescu: on
a bad month investors are insulated from loss anyway.
mircea_popescu: dude, srsly. there's exactly one business in btc world making k's of btc
a month. that's mpoe.
BTC-Mining: Already got 30 shares and might only buy
a few every now and then
DeaDTerra: making it 2,7%
a week and it was 1500$
mircea_popescu: DeaDTerra did you talk to copumpkin about buying the loan ? i think he was trying to get
a refinance business going
mircea_popescu: actually, is there any evidence of matthew n wright ever paying
a loan back ?
DeaDTerra: Indeed, I already have
a similar statment from
a 6,000 BTC investor.
mircea_popescu: for good cause in english smart means both like wise and like what you feel on your ass after
a good belting.
DeaDTerra: I will, I will never put my name on something I don't controll, and if I do it has to be clearly stated that I only do x and y. Because with rebate suddenly instead of
a team and
a massive budget we had
a confused investor (that's me) and
a single developer.
rg: i need to pay
a $600 bill
rg: and realized that
a stock trading channel is probably not the best place to make it
DeaDTerra: Thank you, Feels good to know that people don't doubt my trust even though I did
a major fuck up.
rg: i was just about to make
a joke
DeaDTerra: When then things started to go worse, I thought it was just some development errors it will soon be fixed. The actual truth that
a rebate was not being developed and b ZipConf didn't work as intended was not told. Instead they said it's being worked on or being delayed.
DeaDTerra: Well, when I first started with JRO he has
a team, he had
a vision and
a sound idea. So I helped him, I put my ass on the line. I invested heavily into him.
DeaDTerra: For Rebate he disapeared and I had no contact for
a long time then he got back and told me Alberto was now in charge and I have been workign with it ever since to try to make it correct
DeaDTerra: Yes I was kind of covering for him, he told me things was delayed and that it would soon be up and running. naively I belived him and as long as he payed the dividends i thought it was okay. This is for ZIP.
A Ukto: I could use
a new car
mircea_popescu: so like 40k usd. hopefully the guy wouldn't muck up his name for
a midrange car.
BTCHero: is there
a pertinent thread on bitcointalk?
BTC-Mining: Ah, it's
a bit slow, maybe some requests just time out on some occasions
farfi_: and zip.
a or is that still alive?
DeaDTerra: so hopefully we will have
a direct line between JRO and Nefario soon, so we can get
a solution to this mess
DeaDTerra: okay just had
a chat with Jered that will give my message to JRO once he get s home :)
mircea_popescu: i dont think it's possible to make
a login based exchange.
mircea_popescu: but then again... it pays for support. and for
a site that's not down. or slow.
JWU42: it is
a heaping pile of crap
JWU42: yep - just signed on for first time in
a few days
mircea_popescu: took > 30 years and you can still get out at
a sane discount.
Chaang-Noi: only teek and i were not scammers and still have assets? thats
a shockinly high fail rate :/
Chaang-Noi: i mean who had an asset on glbse 1.0 that did not turn out to be
a scammer other than teek and myself, im sure there must be others
Chaang-Noi: there is only
a hand full of people from 1.0 who made it to 2.0 and will make it to 3.0 ....
mircea_popescu: it's sad, at this rate glbse will have to get
a whole new design and launch 3.0
Chaang-Noi: jro's "magic" looks more to be
a scam pimped by matthew more than ever :/ but atleast he will get well and solve everything in
a few days lol
Chaang-Noi: well maybe so, but getting people to trust him on fail sucker deals is
a bad way to publish
a mag
Chaang-Noi: we have been looking into him and his family for
a few months now
Chaang-Noi: iv been up for 30 hours after driving back and was up
a mountian yester day, no the day before, got tossed off
a atv coming down the mountian yesterday
Chaang-Noi: i mean i said giving him loans was not
a great idea
Chaang-Noi: mathew w is involved in helping set up the scam and take
a cut
Chaang-Noi: but, its bad for to call
a scammer
a scammer before he scams :/ people get upset
mircea_popescu: usagi you're prolly on solid ground to mark the respective lines as
a complete loss in your book
DeaDTerra: In case of
a JRO default I will post all relevent logs on the forums so you can see for yourself if not then, I am very happy that things could work out.
DeaDTerra: In the meantime, I've been working hard to make
a real world retail digital currency exchange happen in San Francisco, which would be
a prime customer of the ZipConf back end - i.e. multi market, unified orderbook and best price discovery, for the purpose of buying and selling bitcoin, with an eye toward providing other digital currencies (Linden Dollars, In game currencies) in the
DeaDTerra: I'm actively seeking the assistance of
a few friends and past associates to raise the money needed to retire the BitcoinRebate debacle, and retire all GLBSE obligations. Since Alberto (Bit Day Trade) has no assets remaining, or intent to pay, I'm on the hook entirely to retire all GLBSE obligations. I accept this, and I will sell my good kidney (if need be) to make that happen.