452200+ entries in 0.211s
mircea_popescu: BTC-Mining ironically, my forum readers were trying to get me to check out btc for months before i finally did
mircea_popescu: why do people keep doing this ? and by people i mean retarded teenagers.
mircea_popescu: i have read it, and i think it's a monument of sensibility.
mircea_popescu: Haven't read but I think it's safe to say ~30% of what's written in there is ridiculous and make no sense
mircea_popescu: I refuse to limit myself to documents such as SECURITIES EXCHANGE ACT OF 1934.
mircea_popescu: "But skizzle and chop, I gotta bunny hop to the stop for three fiddy and I catch you downside. yo"
mircea_popescu: OneEyed you have a solid point, but they're kids and don;t know how thigns work.
mircea_popescu: OneEyed they're not particularly experienced in these things.
mircea_popescu: ____Atlas_____ which explains to you why this is never getting resolved.
mircea_popescu: this is why mpex doesn't even recognize the concept of shareholder vote.
mircea_popescu: OneEyed practically, there's no actual way to transfer authority in a btc corp
mircea_popescu: realistically they'd either put up a guideline or talk to people involved ("advise as to X Y Z")
mircea_popescu: these aren't white street cops in a black neighbourhood.
mircea_popescu: for one, contrary to what most everyone (on the forum) seems to think, sec regulation is very unlike the jackbooted thugedness everyone seems to expect.
mircea_popescu: pirate's crap made a +-30% dent, but that was 500k-ish
mircea_popescu: ya but glbse volume was something like... 3 months of glbse = 1 day of mtgox
mircea_popescu: we were auditing the proposed process to get out of the glbse singularity.
mircea_popescu: well, nobody cares about average folk. experience benefits those involved.
mircea_popescu: i think it's a perfect lesson in practical politics, economics and law for all involved.
mircea_popescu: and obviously in a decentralized currency nobody has the authority to make such a statute
mircea_popescu: so there'd have to be a statute of limitations baked in at any rate, otherwise nobody sane would accept to be part of this as an issuer
mircea_popescu: it's a stinky situation to be in especially because you may THINK you're ok, everyone claimed, everyone was taken care of, all is good
mircea_popescu: femtotube the same members. nefario is an interscamgro alumni.
mircea_popescu: the mess will (in my opinion) never be resolved. ever.
mircea_popescu: the EXACT same blueprint. zhou and tihan = nefario and theymos
mircea_popescu: drekk well that's ALSO unclear. nefario or theymos or "the community"
mircea_popescu: he's thrown it in, fuckall knows how to get it back out.
mircea_popescu: well. so, there's a saying, "one fool thows a rock in the sea and ten wise men struggle to fish it out"
mircea_popescu: he then will be making more by closing down glbse than he ever made running it.
mircea_popescu: what if nefario just fills in with his addy for all those who don't respond ?
mircea_popescu: BTC-Mining that is an entirely diff class of valid objection
mircea_popescu: when more than two people are responsible nobody can be made responsible.
mircea_popescu: so. did glbse not give correct list, did issuer not pay all people or did guy lie about being entitled to dividend ?
mircea_popescu: BTC-Mining no, cause it wouldn't be a game of chase among 3.
mircea_popescu: ____Atlas_____ i suggest nefario is shot, and any further cocky nitwits purporting to create this sort of messes are stripped and beaten, first.
mircea_popescu: so now suppose customer X complains he didn't get dividend.
mircea_popescu: except, after the 1st dividend run all customer addys are now public.
mircea_popescu: if they need to pay dividends they can *claim* they paid.
mircea_popescu: ok. so now, the issuers have list of email addy and btc addy.
mircea_popescu: if i have 100 btc and 3 tickers in my portofolio you plan to what, give each ticker 33 btc ?
mircea_popescu: i thoguht that was already sent out, we're only doing the paper.
mircea_popescu: now, glbse distributes these lists to the asset issuers. right ?
mircea_popescu: so this completed somehow, in like a week or whatever, and everyone ticked boxes.