631400+ entries in 0.423s
mircea_popescu: i suppose satoshi dice
too, in a marginal sorta sense "either you sold at a profit or held for no loss" sorta
thing
mircea_popescu: i suppose in
the end one can count
the poroductive btc investments on a hand
ThickAsThieves: well, i
think of
the added force
the impose
to not sell your coins
☟︎ ThickAsThieves: those bars and coins are like
the best btc investment ever
assbot: Logged on 14-03-2014 20:49:27; asciilifeform:
turns out
that
the instrument i proposed for raping casascius coins is available commercially:
mircea_popescu: ThickAsThieves afaik
there's a liquidity bot, and im sure you can get better leverage elsewhere.
nubbins`: probably
the wrong crowd around for
this, but any interest in a 2012-funded 25btc casascius coin w/ pgp docs?
mircea_popescu: ThickAsThieves anyway, if you manage
to get
through
the hoops on davout's exchange you can practically
trade
the eur
ThickAsThieves: i
think part of
the bfx shenanigans lie in how
they display one decimal place for USD in orderbook, but allow orders
to specify 2 places
mircea_popescu: ThickAsThieves i won't without a submissive government, and
then it'd be btc/that fiat.
nubbins`: kolinko remove
the word "those"
kolinko: arent
those exchanges for kids with pocket change and fools?
mircea_popescu: we have hard currency, let
them fail, what's
the problem.
kolinko: ThickAsThieves: how is it heating up? where can I
track news? (thx for answering all
the basic questions)
ThickAsThieves: i watched
these new chinese futures a lil and its basically being
traded like btc, no real future sentiment at all
mircea_popescu: ThickAsThieves and even without
the major incentive of gaming a large options operation
mircea_popescu: as
to
trusted humans, read up on fixing, as a pricing procedure. it's been explained in
the logs a year ago,
too
ThickAsThieves: <+mircea_popescu> you know what wash
trading is ? /// still happens quite obviously in btc exchanges
mircea_popescu: the problem of
trust is a very long and sensitive chain. creating a 99% functional chain still doesn't create a functional chain.
mircea_popescu: kolinko> quick question re:
trusted data feeds what's
the problem with deciding
that << you know what wash
trading is ?
ThickAsThieves: well, youre welcome society, for my earlier
transgressions!
mircea_popescu: idiots losing
their btc ohldings is a net plus for society.
mircea_popescu: <ThickAsThieves> i suppose itd just be redistribution of whatever actuall btc were in
the systems << bingo.
kolinko: arbitrage/human interventions work in
the real world
punkman: kolinko, full circle back
to OTC GPG contracts?
ThickAsThieves: people wanna do
things like circuit-breakers, and curating
the data somehow, it's all shit imo
kolinko: or letting
trusted humans solve
the issue? or a requierement for both parties
to figure out
the agreement?
kolinko: a failsafe rule for removal
that one exchange from
the computation?
ThickAsThieves: any notable movement on any of
the 4 or so
top exchanges will cause movement on
the rest
punkman: and
the bot is still suspended
mike_c: oh, wait,
this is what happenned
mike_c: and what do you do when
the biggest exchange goes apeshit and has a price
that is 50% different
than
the others for weeks?
kolinko: thick: but isn't
that a matter of a better averaging algorithm construction? e.g. if one of
the exchanges is far away, we're suspending
the feed until situation resolves (would obviously need
to be more elaborate)
ThickAsThieves: you see glitched
trade feeds in an exchange every few mos
punkman: kolinko:
the problem is all
three might misplace
their decimal points
kolinko: quick question re:
trusted data feeds. is
the problem generally in
the api/site potentially getting hacked, or
the algorithm for a computation of one being suspectible
to manipulation? what's
the problem with deciding
that
the btc/usd price is an average of btc-e, bitstamp & kraken, each adjusted for volume?
punkman: passing
the bad doesn't make it disappear
ThickAsThieves: all i'm saying is if BTCT didnt close i woulda sold
them shits!
ThickAsThieves: i suppose itd just be redistribution of whatever actuall btc were in
the systems
ThickAsThieves: as in if bf and btct werent shut down by USG,
the lie may have played out
to less loss
ThickAsThieves: i wonder if more loss was caused by gov influence
to shut down btc exchsnges,
than if
they remainded open
mircea_popescu: but people generally don't want
to believe asshole "single points of failure", because decentralized wisdom
tells
them "it works just fine"
mircea_popescu: herpy derp, make 1%
ten
times
then lose it all on
the 11th pass.
ThickAsThieves: i never intended
to hold
the bonds long
term, it was just a risky
trade. btct closed while in
the process of selling em off...
mircea_popescu: or maybe
the uk could be forced
to pay for having swindled
the general public with pointless "women
too" bullshit ?
mircea_popescu: maybe you could get his "woman of
the year in buziness"
trophy ?
mircea_popescu: isn't
this
the "uk busineswoman" of great repute
that i "viciously attacked" for "no good reason" last year ?
mircea_popescu: that
torturous pseudolegal interpretation has exactly no grounds
to stand on.
ThickAsThieves: it continues
to say shareholders get
to vote on
this move, (not bondholders)
ThickAsThieves: CM's debts, including
the 'Bond'. It is
therefore possible
that 'bondholders' may seek
to
take legal action against CM's 'shareholders', including yourself,
to seek
to recover
that debt. However, if 'bondholders' accept
the restructure plan proposed below,
that risk might be mitigated."
ThickAsThieves: get
this: "CM was described as a "virtual company” by LTC-Global (and accordingly referred
to as such in
the CM Business Plan). However, as a matter of English law, CM may be considered a general partnership. If
that is
the case,
then
the 'shareholders' of CM - which includes yourself - would all be considered partners. As partners,
they would all be jointly and severally liable for
mircea_popescu: ThickAsThieves buncha sexploitations of
the 70s,
they're all pretty much
the same
thing.
assbot: Movie Ramble: Ilsa She Wolf of
the SS.
assbot: [HAVELOCK] [PETA] [PAID] 7.33692344 BTC
to 1`149`988 shares, 638 satoshi per share
assbot: [HAVELOCK] [B.MINE] [PAID] 1.40997627 BTC
to 15`381 shares, 9167 satoshi per share
xmj: asciilifeform: BOFH excuse calendar fortune on
terminal opening.
mircea_popescu: fun fact : living in argentina confers a lot of immunity
to flares :D
ThickAsThieves: <+mircea_popescu> anyway,
ThickAsThieves
The Strategy of Conflict, old book. /// will check it out
jurov puts on his
tinfoil hat
ThickAsThieves: house, nurturing powers like overgrown weeds
that now appear
to make up
the whole lawn.
ThickAsThieves: <+mircea_popescu> kolinko no.
the system can break itself,
too. it doesn't need a mustachioed antropomorphised enemy. /// glad
to see you say so, it's a point often missed in many circumstances. for example, some want
to paint USG as a hyper conspiracy and assume all its evil/scammy actions are fully intentional. More likely, it just evolved
to be a broken shit in all corners of its
fluffypony: xmj: had
to pause it
to do other stuff, will pick it up again
tomorrow