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mircea_popescu: where in the contract does it say that "even if more fees, costs or proceedures will be imposed, the issuer will complete these"
mircea_popescu: srsly, just because you imagine things a certain way doesn't mean they are a certain way.
mircea_popescu: the practical options are either i spend something which on a rough estimate is about 8k to get the thing thoroughly looked into,
mircea_popescu: Namjies : i'm not doing affidavits as a proxy for anyone just cause you figure i should.
mircea_popescu: o hey, right under $$$ $AVE WITH CLEAN AZ CARPET CLEANING
mircea_popescu: i guess i could do that, but then i'd have to make shareholders pay the difference somehow.
mircea_popescu: really, the cost to me to get to the legal bottom of this would easily eat up the value of the etf
mircea_popescu: other, of course, the fact that he's not so far sending money.
mircea_popescu: you've made some presupositions which aren't borne by the facts, but would prefer to present these as fact.
mircea_popescu: or that in the event that glbse goes away, issuer will do "anything" or "do X" to obtain private registration
mircea_popescu: that in the event glbse goes away the thing still carries as if nothing happened.
mircea_popescu: no, the question is, do you have a statement from the issuer of the thing you're discussing saying that the thing you're discussing is going to behave in the manner you're proposing.
mircea_popescu: well, they in principle don't have to, all things are in principle possible. these, however, were.
mircea_popescu: The owner of this ETF holds 900 perpetual 5.0Mh/s bonds (details),
mircea_popescu: well, it had a (details) clause that included all that.
mircea_popescu: Namjies suppose for the sake of argument gigavps simply asked for 1 penny per share registration fee.
mircea_popescu: well, "an" is inappropriate, and mpex comparison is inappropriate.
mircea_popescu: depends how contracts are made out, but i'd expect mpex-share derivatives to die there yes
mircea_popescu: i don't think you get to randomly create an imaginary vehicle just because the actual vehicle imploded.
mircea_popescu: no preparation of legal documents and mailing, no other random shit.
mircea_popescu: thus, no collect money from investors -> make upgrades
mircea_popescu: it wasn't an instrument to jump through random hoops and then pass along the value thus obtained.
mircea_popescu: the problem here is this : the etf was an instrument to pass along value as conveyed
mircea_popescu: we're not in backwards world, we're in straightwards world. why would it be made ?
mircea_popescu: any newspaper has to do 1.5x more than any blog for the same attention.
mircea_popescu: there's no newspaper in the world that can compete with the top blogs. in any respect.
mircea_popescu: ftr, the entire "blogs are not a source" like of wikipedia, while they take utter junk such as news sites into account...
mircea_popescu: Born in 2007 as a Second Life insurance company, The Rock has evolved in a full featured virtual financial institution. Based in US, founded by EU citizens, run by long-standing virtual experts.
mircea_popescu: smickles i'd guess it's anywhere from free to 50 or so euros here
mircea_popescu: if then xmas is going to plow right into your nude ass ?
mircea_popescu: jesus fuck, what is the point of making a black friday event
mircea_popescu: "the only thing that comes up for "Christmas" on bitmit is a Canadian silver coin."
mircea_popescu: what happens if you lose the email box/someone jacks it ?
mircea_popescu: pity the glbbq name is too long and so it'll never take
mircea_popescu: GLBSE'D Definition: You invest coins in a bitcoin project and that project uses your coins to hire a lawyer who proceeds to use legal avenues to make it practically impossible you will get your bitcoins back.
mircea_popescu: there is a funny aspect of the entire glbse thing. the mylawyr people specialise in :