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mircea_popescu: invitation to invest, but neglects to share business plan ? it's a ponzi.
mircea_popescu: on what basis do you say that it "seems definitely not fraudulent" ?
mircea_popescu: we are merely trying to distinguish business from fraud here.
mircea_popescu: their busienss model is fine. their execution inept as all hell, but they have a model.
mircea_popescu: being the first to offer exchange services is not sustainable ?
mircea_popescu: they suck, sure. but thast's not what we're discussing.
mircea_popescu: so then what part of obvious you have tyrouible with :D
mircea_popescu: there are a lot of failures which can be readily identified by the fact they're not successes
mircea_popescu: this is not by design of the game of poker. this is because being bigger means you are better.
mircea_popescu: in any game of straight no limit poker the larger stash has better odds.
mircea_popescu: plenty of rules are in place to protect the stupid little guy.
mircea_popescu: which will be flagged in every sec insider trader investigation from now on.
mircea_popescu: is ghoing to be done just as wewll by a kid and his etrade acct.
mircea_popescu: so what is normally accomplished by a complex system opf people who make millions in fgees
mircea_popescu: so the huge counterparty risk they introduce is for the sake of sharing an etrade acct ?! whoa.
mircea_popescu: i can't legally and safely buy whatever pills the sr kids do
mircea_popescu: [\\\] hey how much did you ever pay back off the shakaru fund ?
mircea_popescu: and jurov has a good sidepoint there : my system made sense. the system whereby you buy fiat stocks in btc makes none.
mircea_popescu: as it is... it's nothing. any scammer can (and indeed would) do that.
mircea_popescu: if they simultaneously limited investment to no more than that it'd help.
mircea_popescu: ok. the problem is tghey are flashing 1k btc. nobody cares.
mircea_popescu: MJR__ were you here when we discussed with cads something similar yest ?
mircea_popescu: i simply moved capital (of trust, of fiat, of w/e_) from irl to btc.
mircea_popescu: or else you do what the holders of trust say you must do.
mircea_popescu: the story will repeat itself. either you have the power to draw sufficient force from outside
mircea_popescu: their boat sunk. i won. my people, who are in btc because they trusted me and i trusted btc,
mircea_popescu: mpex was built by me, and joined by people who only had any trust in btc because i said so.
mircea_popescu: asciilifeform it's funny how soviet-patriotic he is hehe.
mircea_popescu: there;'s somebody with a track record to judge based on.
mircea_popescu: i don't care how it makes you feel, this isn't about feelings.
mircea_popescu: there's this post the girl keeps linking the noobs to.
mircea_popescu: basically they'll take btc and the day net outflow > net inflow they're gone.
mircea_popescu: well whether you have to or not, it still makes you vulnerable
mircea_popescu: i wonder how many people realise just what a formbidable threat to stability and ultimately survival JIT is for the US.
mircea_popescu: prolly you thought only old people can have black cock
mircea_popescu: if anyone wants to put that tweet on the chart timeline...
mircea_popescu: rating agencies (irl) are notghing but organised shilling.