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mircea_popescu: listen, this is the reason there's not many decent exchanges. 2k a month ? srsly ?
mircea_popescu: regex is a good ideea if you don't allow FUCKEN CHINESE BS CHARS
mircea_popescu: Diablo-D3 i was referencing a speciffic discussion, i think you weren't here.
mircea_popescu: we're too new and for the largest majority, too stupid.
mircea_popescu: so yes, this would be a solution, but you would need something bigger than currently available
mircea_popescu: Diablo-D3 you don't let them run it. you run it/ they just give you the code.
mircea_popescu: you'd need some muscle to force people into obedience, as in, the special cornflakes that they are don't want to give you their code.
mircea_popescu: except im not an exchange. are you going to only insure exchanges that don't have hot wallets ?
mircea_popescu: and actually, to this day us insurers won't do floods.
mircea_popescu: but your claims would result almost always from "hacks".
mircea_popescu: even irl, w/o anonimity insurance fraud is like the #1 fraud by volume tried in courts.
mircea_popescu: soon enough best scammer business model would revolve around your insurance company.
mircea_popescu: but seriously smickles, it's very VERY hard to insure anon.
mircea_popescu: so i want an answer to this q : do i need to pursue anyone or is it bona fide loss ?
mircea_popescu: if you were in my shoes. you insured the btc/usd rate and took a loss. what now ?
mircea_popescu: leaving aside the fact that no actor in the "insurance" play=pretend space could eat that and survive,
mircea_popescu: smickles option contracts are insurance, in a way. i don't even know currently if i got taken for 4.5k or not.
mircea_popescu: this results in bizzare shortcuts and weird implementations.
mircea_popescu: Obsi someone was linking something on the forum. the problem is everyone has faith in themselves
mircea_popescu: bunch of people have been throwing concepts around, just, insurance ain't so simple in btc.
mircea_popescu: cpa is the pet project of usagi, who is a well meaning and far overreaching anonymous english teacher.
mircea_popescu: smickles neither of those could eat a 25k loss. what else you got ?
mircea_popescu: i don't care. what i do is, i pick things and blacklist them.
mircea_popescu: 8. zhou goes to tihan, whines and bitches, threatens him with the spirits of cryptoancestors
mircea_popescu: on the deal that he'll pay it back with interest from the bitcoinica proceeds.
mircea_popescu: 3. zhou went to rich chinese guy, bla bla bla'd him about the future of currency, got 50k btc
mircea_popescu: 1. zhou wrote a shit algorithm for hedging. it seemed good-enouggh originally, but then started losing money.
mircea_popescu: might be whined into giving some more money for fear of X Y Z"
mircea_popescu: nevertheless, the truth may be "this guy i know with money who put up the deficit 4 months ago and now just took his own money back
mircea_popescu: dub i have no ideea, i was just saying why i have my doubts.
mircea_popescu: this is why i was saying im not so sure the zhoutong friend story is true.
mircea_popescu: for two months. We've gone from being short 40k to now being short 88k.
mircea_popescu: happened instead is a consistent equity leak that has remained unresolved