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mircea_popescu: so basically if the russians actually deliver their 400th or w/e
mircea_popescu: wait. you mean gpg verify or bitcoin addy sig verify ?
mircea_popescu: ThickAsThieves claiming is nothing. this guy qactually sent the btc over, he's not getting it back unless he delivers.
mircea_popescu: or no, i think they did 500 btc when it was about 16 ?
mircea_popescu: this pretty much. a challenger appears in asic market, plonks down ~15k usd on the theory he delivers.
mircea_popescu: some extremelky scammy looking thing that nevertheless is still around
mircea_popescu: in the end... no skin of my personal back so i guess we sit, relax and enjoy the view.
mircea_popescu: people have internet-sued kakobrekla and made asses of themselves in this chan even when stuff was clearly written out
mircea_popescu: moreover, he's getting a lot of pent up pressure what with all the cluieless "investors"
mircea_popescu: at any rate this vague situation of a 200 page forum thread anyone may edit can not end well.
mircea_popescu: jborkl_ iirc about 15% or so of glbse held shares were never allocated to anyone so they reverted.
mircea_popescu: other than in order to reserve his ability to later pull a giga on everone ?
mircea_popescu: ThickAsThieves i think the only sane way to actually have asicminer listed is for friedcat to come to his senses and sign an actual contract.
mircea_popescu: ThickAsThieves it certainly wouldn't be for an exchange that doesn't offer signed proofs and doesn't use gpg contracts.
mircea_popescu: the exchange imploded, the guy changed his contract, it died a horrible death.
mircea_popescu: benkay there was a pt to gigavps's bond thing last year.
mircea_popescu: in principle. tho the only time i tried it ended up poorly.
mircea_popescu: ThickAsThieves clearly as the noobs got free out of the cook's control...
mircea_popescu: i just scared myself thinking of this restaurant where a bunch of people cooked themselves
mircea_popescu: and cooks. you COULD go in the kitchen and make your own pie.
mircea_popescu: this is fundamentally a braindamaged notion, that disintermediation is always good.
mircea_popescu: ie, a trusted third party to make the transfer once you're dead.
mircea_popescu: benkay logically you would use some sort of notary or equivalent
mircea_popescu: for that matter you don't have alodial title on your real estate, either, it's fee simple
mircea_popescu: benkay specifically what it says on the box. a share is NOT real estate.
mircea_popescu: you don't "directly" own any sharesd in the entire history of equities
mircea_popescu: ThickAsThieves you know, between (mpex, nasdaq) it's nasdaq that most recently rolled over trades.
mircea_popescu: look, if there's enough people like you you can actually make a special mpex account,
mircea_popescu: this is in numerous ways better than the p2p ledger thing.
mircea_popescu: or, if you prefer, a signed push receipt to some designated acct.
mircea_popescu: the problem is absolutely and completely solved and you're like... hitting yourself in the head with the solution.
mircea_popescu: i completely fail to understand what you're after here
mircea_popescu: this is for some reason a widely held mistaken belief. people who are clueless are called "idiot with a power tool"
mircea_popescu: finance is a matter of having the fucking people competent in finance.
mircea_popescu: how about a decade or three after citizen dentistry becomes the norm.
mircea_popescu: i dunno why people feel the overpowering need to recreate poor solutions for solved problems