log☇︎
466000+ entries in 0.226s
mircea_popescu: well there was that time when it was 30+
mircea_popescu: mtgox !? they were around since day one lol, remember the first hack in btcworld ?
mircea_popescu: but iirc their last statement put them at -100k usd for the year.
mircea_popescu: and it kinda figures, tbh. the entire filing of paperwork thing is expensive.
mircea_popescu: that's what they say.
mircea_popescu: the sr guy supposedly clears 10-20 k a month, so that could be another.
mircea_popescu: mtgox from what i understand is losing money, but even so they prolly have more in cash. ☟︎
mircea_popescu: zhou was prolly one at his zenith, unfortunately that didn't go over so well for him.
mircea_popescu: anon currency after all.
mircea_popescu: but i don't think that many more out there. maybe, who knows
mircea_popescu: if it's true what they say of pirate being over 1mn by now then that guy prolly beats me
mircea_popescu: and there's my own money... it comes to a decent chunk.
mircea_popescu: then there's all the btc people on mpex put in, and all the respective shares
mircea_popescu: if you look at the exhange address there's anything from 20 to 50k in there.
mircea_popescu: mm, well the bonds report lists something like 6k or so ?
mircea_popescu: but that aside, i probably do manage more btc assets than most anyone.
mircea_popescu: and other things.
mircea_popescu: i also run romania's most widely read blog, an aggregator service that dominates that market
mircea_popescu: Ignatius-otc i run my own company (polimedia srl), i am a business consultant.
mircea_popescu: it'd have been their 1year bday this month.
mircea_popescu: you know, it's funny... bitcoinica and mpoe were born like 2 weeks apart
mircea_popescu: o, no.
mircea_popescu: myea. kind of my point.
mircea_popescu: how many of these survived a day in court ?
mircea_popescu: i don't understand what someone based in the us must have been thinking to get involved however.
mircea_popescu: back when it was owned by some chinese kid somewhere in taiwan or somesuch it was somewhat safe
mircea_popescu: well bitcoinica was something that's illegal since the 1930s
mircea_popescu: cited for conversion, this is the real article.
mircea_popescu: news to me i just heard about it
mircea_popescu: AS TO DEFENDANT BITCOINICA LP, ALSO KNOWN AS BITCOINICA BITCOINICA CONSULTANCY LTD INTERSANGO LTD. NORMAN, DONALD STRATEMAN, PATRICK TAAKI, AMIR DOES 1 THRU 100, INCL. SUMMONS ISSUED
mircea_popescu: https://bitcointalk.org/index.php?topic=99222.0 o wow somebody actually sued bitcoinica.
mircea_popescu: the metric is entirely fake.
mircea_popescu: obviously.
mircea_popescu: very comparable items.
mircea_popescu: Customer satisfaction on Silk Road is mostly positive, with a 97.8% positive feedback rate, although less than that on white market sites like Ebay, which boasts a positive feedback rate of 99%.
mircea_popescu: ;;later tell BTC-Mining https://bitcointalk.org/index.php?topic=67302.0 muahaha
mircea_popescu: actually the girl did some nice write-ups back in the day, lemme find.
mircea_popescu: welllll... familiarize! :D
mircea_popescu: i just want to do things smoothly so as not to shock the market.
mircea_popescu: let the market price the bonds.
mircea_popescu: and i contemplate leaving it to freefloat.
mircea_popescu: the limit was 2% but it was moved in may to 5%
mircea_popescu: if there's not enough to fill in i step in and supply the capital.
mircea_popescu: a a. normaly the options are financed by a sort of bond auction
mircea_popescu: hm?
mircea_popescu: it's all explained.
mircea_popescu: http://trilema.com/2012/sa-ne-jucam-de-a-investitiile-n-bitcoini/#comment-78745 go there look for where it says "bonds"
mircea_popescu: in no way, Ignatius-otc1. it finances the options sold.
mircea_popescu: srsly, read the explanation in that last link i put up
mircea_popescu: MPbond offered rate.
mircea_popescu: you're better off putting your money there than hussling for .5 a week
mircea_popescu: you know, MPBOR is like 4.9% atm
mircea_popescu: mail order gf from the ukraine
mircea_popescu: im pretty certain it's not going anywhere.
mircea_popescu: it's not by rate, you get a fixed ammount.
mircea_popescu: o, yea, and you can also get margin (provided you're an established trader).
mircea_popescu: well on mpex it's free.
mircea_popescu: it's also the only place where you can trade options, the only place where you have margins, and i don't recall if transfers are still free or not on glbse, but anyway.
mircea_popescu: if you'll trade more than 2,5k or so you're better off on mpex
mircea_popescu: if you will trade less than about 2k btc you're better off on glbse
mircea_popescu: i think it's pretty simple, on glbse you get free account and 1% fees round trip. on mpex you have to ante 20 btc and fee is .2% round trip.
mircea_popescu: what do you mean the explanation ?
mircea_popescu: if anything it will increase in time. i haven't yet because the btc doubled.
mircea_popescu: there is, it's not going away Ignatius-otc1
mircea_popescu: but the halving is in writing.
mircea_popescu: i'd be more worried about december halving. i don't think at the curent bumbling pace the various companies will manage to deliver enough asics for diff to double
mircea_popescu: i hold quite a few gigavps bonds but im hedged entirely, just the depositary.
mircea_popescu: from halving of block reward and from eventual asics
mircea_popescu: the reason i wouldnt put money in mining atm is that i imagine they will be hit by a double whammy of deprecviation
mircea_popescu: o i see, btc-mining. what's that, miner ?
mircea_popescu: whats that, jtme ?
mircea_popescu: i think the revenue is mostly share appreciation
mircea_popescu: ...
mircea_popescu: [GLBSE] [MPOE.ETF] 100 @ 1.5 = 150 BTC [+] << that's what i was talking about.
mircea_popescu: haha are we ?
mircea_popescu: smickles you about ?
mircea_popescu: BTC-Mining i was pretty sure it was .1 ? back in the old random allocation days ?
mircea_popescu: anyway what the fuck is this, who buys guns that they can't dissasemble/reassemble ?!
mircea_popescu: it launched at 0.1 if memory serves. or 0.2 or something
mircea_popescu: well if it keeps going...
mircea_popescu: hehe BTC-Mining was that you ?
mircea_popescu: "The requirement for the customer to assemble the weapon also hampers usability" ok this is the stupidest thing i ever hear
mircea_popescu: http://www.afp.gov.au/media-centre/news/afp/2012/july/afp-and-Customs-warn-users-of-silk-road.aspx
mircea_popescu: http://betabeat.com/2012/07/australian-law-enforcement-use-silk-road-at-your-peril/
mircea_popescu: o wow, there was a first SR arrest ?
mircea_popescu: http://trilema.com/2012/sa-ne-jucam-de-a-investitiile-n-bitcoini/#comment-78745 read up on how it's set up exactly.
mircea_popescu: on a bad month investors are insulated from loss anyway.
mircea_popescu: in a good month they beat giga hehe
mircea_popescu: yeah it's my old options page turned full exchange.
mircea_popescu: what's gbf ?
mircea_popescu: the etf reports separately, https://bitcointalk.org/index.php?topic=67535.msg1039612#msg1039612
mircea_popescu: https://bitcointalk.org/index.php?topic=64962.60 there, for mpoe results.
mircea_popescu: lemme dig them up
mircea_popescu: <assbot> [GLBSE] [MPOE.ETF] 475 @ 1.12 = 532 BTC [+] << that.
mircea_popescu: on mpex and on glbse
mircea_popescu: unlike mining, it's not deprecating.
mircea_popescu: dude, srsly. there's exactly one business in btc world making k's of btc a month. that's mpoe.
mircea_popescu: haha, mpoe :D
mircea_popescu: so what are you trying to buy ?
mircea_popescu: o no coupons.