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mircea_popescu: i wish to know for the future how much faith to place in your similar statements.
mircea_popescu: you made some statements of a third party, they're part of the public record,
mircea_popescu: not really. i'm merely interacting with you on the grounds of you speaking in this public channel.
mircea_popescu: no. caring is personal. knowledge is impersonal. there's a categorical distinction you're trying to equivocate.
mircea_popescu: i don't particularly care. i wanted to know whether it does or it doesn't.
mircea_popescu: why exactly would i do or not do anything because some people are stupid/unethical/whartever ?
mircea_popescu: it's an ethical issue, you just don't want to face it.
mircea_popescu: these two are all there's available to you. if you're not speaking in verse, then it's prose. necessarily.
mircea_popescu: you know midnightmagic , you are currently speaking in prose.
mircea_popescu: if it's not your idea of how things should be and it's not your idea of beauty, and it's not what you expect the gods want then what is it
mircea_popescu: what deflection ? yer the one trying (kinda lame-y) to impugn or whatever.
mircea_popescu: vast conspiracies of evil people whispering me basic law in the ear
mircea_popescu: or are you about to tell me you're metaphisically dissapointed ?
mircea_popescu: you're not quite that important, sorry to burst that bubble.
mircea_popescu: what, an aesthetic rather than ethical consideration ?
mircea_popescu: so this is all fine & dandy best you can determine then ?\
mircea_popescu: anyway, the shocker for me in all this is that i thought all this is plain obvious to anyone considering the matter.
mircea_popescu: midnightmagic i have no idea about chinese law. my judgement as to ethics is based on my space, not theirs.
mircea_popescu: they could have *maybe* weaseled it past if they just kept doing the same thing.
mircea_popescu: pigeons i don't recall them asking / me caring at that tiem.
mircea_popescu: actually, if bfl delivering weren't such a moot point, i'd be collecting these rights as we speak and sueingthem into oblivion anyway
mircea_popescu: now, on the basis of this, if you later charge more per item than what you've disbursed to your original equity holders,
mircea_popescu: now, this is how things are. this isn't open to debate, it's long established point of law. you're welcome to challenge it, but it can't be challenged by simple personal exceptionalism.
mircea_popescu: and if no such agreement exists, to an equitable stake.
mircea_popescu: point 3 : any capital transfer with a view of a common enterprise is an equity buy, entitling the payer to a stake in the common enterprise, as agreed
mircea_popescu: becaue of this, any purported sale of inexistant mining equipment is to be quashed as such.
mircea_popescu: point 2 : any purchase may only be entertained by a seller of an existant item. nobody can sell what they don't own.
mircea_popescu: so for instance if you pay a girl five dollars to feel her underwear and she sucks your cock while you do it
mircea_popescu: any capital exchange will be for consideration. the nature of this consideration is not the empire of the parties, but a matter of fact.
mircea_popescu: yeah, if we can get to it, i'd like to explain this pre order money thing, cause it's what's important here.
mircea_popescu: proving its not at all will be too hard to be worth it, so can we just leave it aside ?
mircea_popescu: anyway, this entire pre miningargument is a waste of time. i said "a little", you so far are making a case it's not a lot, maybe it;'s not a lot.
mircea_popescu: midnightmagic there was a one thing doingmore than asic at some point.
mircea_popescu: pigeons again, the mystery miner people thought was asicminer.
mircea_popescu: are you taking some sort of microscopic dust approach ?
mircea_popescu: no piece of hardware i ever bought as new came with dust in it.
mircea_popescu: woe upon me for trying to give bitcoi nnoobs chances etc.
mircea_popescu: pigeons yes, but i consider that a sidepoint of little importance
mircea_popescu: so let's try and follow this logic see where the problems lie.
mircea_popescu: sure, for bitcoin widespread mining is the best outcome.
mircea_popescu: midnightmagic ethical != what'd be most desirable you know ?
mircea_popescu: they claimed they're selling an item, but the item didn't at the time exist. the people "pre ordering" simply made equity contributions.
mircea_popescu: this "you've financed our corp so here's a complimentary biscuit" doesn't really cut it.
mircea_popescu: the only equitable way here is for avalon to recognise everyone that paid them for rigs for their equity contribution, and distribute revenue from now on.
mircea_popescu: midnightmagic you know, you shouldn't let your preconceived notions blind you so.
mircea_popescu: i'm seriously the only one of us three seeing an issue here ?
mircea_popescu: this is the crux of the issue. community gave you teh equity,
mircea_popescu: how did avalon get their money to start this business ?
mircea_popescu: midnightmagic you're misrepresenting the issue by clinging to this sidepoint.
mircea_popescu: the appearing/dissapearing mystery miner people kept thinking was asicminer ?