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mircea_popescu: if these get cashed the corp now has 200 shares outstanding
mircea_popescu: if you review the sample text of the two sets so far issued it's upon the holders.
mircea_popescu: the warrants expire with the corporation that created them.
mircea_popescu: this is obviously a specialised financial service, which thus creates a new market for people to fill.
mircea_popescu: ThickAsThieves if a stock trades at 2 and you have warrants at 1 it's trivial to obtain credit to cash them in
mircea_popescu: benkay either way. in general i try to conserve capital but it's a matter of having options.
mircea_popescu: but it's a good way to pay top level people in any case.
mircea_popescu: it's not a way to pay the lower level people, as their performance isn't so tied with the overal results
mircea_popescu: basically, "if the corp makes nothing you get nothing. work really hard so the stock does well you get something. the harder you work the more you get"
mircea_popescu: you can exercise them any time you wish to pay 10k * 0.00015
mircea_popescu: the corp now has 10 more btc and 10 more shares outstanding
mircea_popescu: if you have a stock warrant for 10 shares at 1, you bring 10 btc, get 10 shares.
mircea_popescu: that's the idea of stock warrants : to allign the performance of employees/etc with the performance of the stock
mircea_popescu: you have for instance a definition of a stock warrant in the definition section
mircea_popescu: ThickAsThieves you know, there's stock warrants ouytstanding
mircea_popescu: actually all was today. i guess announcement was to the market's liking.
mircea_popescu: is this just people trying to be all s,mpoe on the grounds that why not ?
mircea_popescu: deadweasel think in terms of per gdp, and you'll see how fucking backwards the us is on nodes.
mircea_popescu: ThickAsThieves hey, you're keeping track. how much btc per share did asicminer pay past three months ?
mircea_popescu: we've gone to all this trouble to make them nonphysical...
mircea_popescu: this is how serious business goes, you add "from the desk of Joe Douche" in there and it's proof.
mircea_popescu: if i had any doubts about whether "the people" should never be allowed to handle their own capital, bitcoin is well curing all that.
mircea_popescu: the problem with all this idiocy is what it always was : fucking irresponsible idiots causing problems across the entire board.
mircea_popescu: by now btc is too smart to actually do this shit. if ripple failed this crap has not a prayer.
mircea_popescu: "What is your take, then, on the fact that the pass-through for AMC was approved on btct? bad idea?"
mircea_popescu: "@Crosby, ask our real customers. Our service is immediate, responsive and personal. As is our security."
mircea_popescu: ok which one of you trollwits is it. jcpham ? imsaguy ?
mircea_popescu: 20:34:16 (2621) <pirateat40> anyone else ordered avalols
mircea_popescu: so my letter to a new artist guy who just delivered some stuff starts with "I like it, but could you make it more red ?"
mircea_popescu: I also want to stress that I consider the entire situation with MPEx / Mircea to be my fault for allowing the pass through to run and not making sure the promises made were being kept.
mircea_popescu: "i don't want to admit i stole everyone's stuff so here's some blabla" ?
mircea_popescu: anyway, there will be a gamerules announcement, probably before the 15th.
mircea_popescu: the only way i'm using proprietary code is if i own the developer.
mircea_popescu: in fact the idea is all items will be craftable, and the crafters set up what the fuck they;re making (within some limits)
mircea_popescu: there's an entire skill tree dedicated to finding invisible shit. but i anticipate.