380300+ entries in 0.105s
mircea_popescu: really good spots (in like vegas) sell for 500k - 1mn a year.
mircea_popescu: KRS1 casino whore makes about 2-3 k a day if she's any good.
mircea_popescu: the server's been having some choking issues so it's been up and down the past few days
mircea_popescu: seems likely. i was thinking "well maybe they rebranded it and took more investment"
mircea_popescu: and how she visits uninvited and inserts herself in the ribcage of her son in law and so on
mircea_popescu: the one joke in most ample common use was the evil of the mother in law
mircea_popescu: i suppose it's all lost by now, but at a time in human history before computers,
mircea_popescu: that's so crazy. they both have exactly the same noses and lips, those two people.
mircea_popescu: "When I bent down and kissed him I got a better look at his features and could see he looked just like me and Arlette. He has my nose and my wife’s lips."
mircea_popescu: nubbins` i guess not. the advantage of bitcoin however...
mircea_popescu: benkay well obviously equity is capital at risk. bad things can happen. ideally the bad things happen as a result of legitimate business ventures rather than beerkegging obviously.
mircea_popescu: as far as forum investing is concerned... that first approximation is great really.
mircea_popescu: it's not correct, but in order for this point to become important some progress has to be made.
mircea_popescu: well, the idea that dilution = more shares is somehow very intuitively easy.
mircea_popescu: which means equity increases at least at the same rate as the float.
mircea_popescu: because new shares are sold for at least as much as your current shares are worth
mircea_popescu: <kakobrekla> buttfunder was never here on #bitcoin-assets << i gotta hand it to you... the old "well if you delay enough the problem may go away"
mircea_popescu: benkay no, dilution means my shares entitled me to x equity now they entitle me to less than x.
mircea_popescu: it's a free world, everyone gets to the same spot on a path of his own choice.
mircea_popescu: some people invest 950 btc in coinlenders and afterwards compliment me on how "prophetic" my gpg contract was.
mircea_popescu: some people spend some bitcents and read all of trilema. some people buy some coffeee and read the log of this chan
mircea_popescu: "chief among them, that i'm a fucktard who shouldn't be even close to doing anything of the sort, as i've clearly proven by the thick cluelessness of the foregoing."
mircea_popescu: "Welcome to MPExProviding nucleation in the superheated fluid of Bitcoin. Since 2011."
mircea_popescu: certainly more than all bitcoin foundation ever did in its ignominous history to date.
mircea_popescu: actually someone writing mpex contract commentary and adding together mpex caselaw would provide an infinitely valuable service
mircea_popescu: so it's only "major" in a theoretical sense, otherwise innocent mistake and all.
mircea_popescu: but that only lasted about two days and he backed off.
mircea_popescu: afair the major problem with s.dice was that at some point erik arbitrarily decided to reclassify an asset class in his accounting,
mircea_popescu: that's really the empire of the holder. if asciilifeform decides to convert his warrants in a bulk and dump them on the market for instance it'd be similar a result
mircea_popescu: if it's not worth more, issuing more at that price is not dilution.
mircea_popescu: if at time t the stock is worth more than what it's trading for, people should buy it. if they can't buy it, it's not worth more.
mircea_popescu: jurov : "(b) No Such lAbs solemnly promises and warrants never to issue more shares on any other venue" ; "nor in any way to fraudulently dilute existing shareholders at any point in the future". separate clauses.
mircea_popescu: other people do the same thing privately. which is how exchanges fucking work in the first place.
mircea_popescu: jurov: up to the 1e8 limit << actually mpex is on 64 bit systems, there's no 1e8 limit. iirc it's 1e42 or something
mircea_popescu: ;;later tell benkay: so "authorized float" means "that as what we sold at ipo", or pre-ipo as described on cryptome << no, it means the total # of shares actually having been issued. this starts as that which was sold at ipo, increases every time someone executes a stock warrant and every time the company issues more shares.
mircea_popescu: asciilifeform: a decentralized SR would live still. etc <<< it couldn't possibly, in that it'd have been made by the guy that hired his cocaine buyers to kill his cocaine curiers.
mircea_popescu: pankkake no, actually, it's about half a dozen people, mostly engaged in an all out war with the "press" establishment of teh english speaking computing world.
mircea_popescu: no but seriously, most interaction with mpex is programatical.
mircea_popescu: in the same way a four star michelin restaurateur has from a purely marketing standpoint considered throwing a drive-in in there.