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mircea_popescu: no Namworld. if asicminer keeps up like it's currently doing it'll go to shit.
mircea_popescu: Anduck i think if you push burnside your stocks you get the pt and can trade
mircea_popescu: Namworld no. things don't scale like that. you'd have ~70 btc's worth of shares and 12930 btc worth of paper & dreams.
mircea_popescu: in other news, mpex db dump has been optimized to take up less space. nothing's broken, it's just naturally halfsized.
mircea_popescu: i've not fucked enough chinese girls to have a clue so far.
mircea_popescu: Namworld at any point between october and january they could have listed and been tip top shape
mircea_popescu: now one of the most promising ipos of the year so far has been reduced to a 70 btc opening day.
mircea_popescu: dub baiscally they choked their investors by refusing to list to the point that people out of sheer desperations made private pts
mircea_popescu: it's not your fault, best i can see, just asicminer acting very weird.
mircea_popescu: burnside i'm just saying, you are underwriting a lot of risk that you can't control.
mircea_popescu: since they took ford's model and are currently raping the americans with it.
mircea_popescu: someone declares X dividends, he'd better be able to show the cash too
mircea_popescu: so every time a dividend is pay you actually know the actual exact total, from the receipt.
mircea_popescu: mpex won't let someone pay fewer shares than actually are issued
mircea_popescu: maximian but last month there literally were only 10mn on the market.
mircea_popescu: +50mn which make up the golden ticket = 100mn, whole float.
mircea_popescu: 13mn in third party hands on the market + 37 mn in erik's hands on the market = 50mn
mircea_popescu: "everything new in this world is the history you didn't know"
mircea_popescu: midnightmagic it's an avalon/asicminer tie so far, apparently.
mircea_popescu: "с умопомрачительным дизайном и таким же юзабилити :)"
mircea_popescu: Namworld mpex got confused by the mistaken notion that 5mn shares are actually out
mircea_popescu: you know the joke about the guy who cashed his bank account because he wanted to count his money ? something of the sort.
mircea_popescu: after 2 years of pretty much nothing but scam after scam after scam many feel uneasy about keeping btc invested in same place