717000+ entries in 0.495s
mrwdunne: mrstickball It seemed like an interesting idea. But not worth close
to
that much
mrwdunne: Is
that
the online store?
The one
that valued
themselves at several million?
fluffypony: mircea_popescu: shortlist of companies never
to deal with or invest in? coz
that's where
they should be on:-P
mrstickball: its somewhat interesting. Not
their business as much as
they are using Counterparty
mrstickball: Blazedout419: look into Adeally...
They're out of Grove City
mircea_popescu: anyway,
this added an obscure foreign lolcorp for my shortlist
fluffypony: mircea_popescu: no clue, I left just before
they folded Swistech into ISIS (Oct 2012), so whoever ended up managing
that process would have been my replacement
mrstickball: turns out,
there's a new crypto-security
that is based out of Grove City
fluffypony: it's ridiculous, daddy is smart and started a company, and
then basically gave his sons companies and shitloads of money
fluffypony: especially management staff
that are defunct
fluffypony: so
then
they buy stupidly, and if a company gets folded into your division/company you're fucked
trying
to integrate staff
that don't want
to be
there
mircea_popescu: seem
to be on an acquisition spree now, and pumping per share earnings
fluffypony: worst
two years of my life, so much discord and backstabbing and dick-measuring among
their management
assbot: [HAVELOCK] [PETA] [PAID] 61.04601580 BTC
to 80`674 shares, 75670 satoshi per share
assbot: [HAVELOCK] [B.MINE] [PAID] 2.59776300 BTC
to 7`210 shares, 36030 satoshi per share
fluffypony: mircea_popescu: JSE (Johannesburg Stock Exchange), which is our equivalent of
the NYSE
mircea_popescu: decimation: but
the "recovery" is great guys, just some snow, no problems here << in fairness,
they were overissuing
Naphex: you can JNI plug and do some C
to make it faster
Naphex: speeds up development, keeps it
tidy
mircea_popescu: fluffypony well if you flail it around fast enough you could generate enough plasma
to cut a steak...
mike_c: ThickAsThieves: it looks like
they are in no way biting off
too much ;)
fluffypony: Naphex: a sledgehammer is an amazing
tool, but you
try cutting a medium-rare steak with it
ThickAsThieves: he was here earlier and will likely be back
to hang out
assbot: mike_c, you can't do
that
to
ThickAsThieves.
assbot: Voicing
ThickAsThieves without
time-limit.
assbot: ThickAsThieves, you can't do
that
to mircea_popescu.
assbot: Voicing mircea_popescu without
time-limit.
mircea_popescu: Naphex last numbers i've seen, about 85bn
try
to move
through
triangular
transfers a year worldwide.
Naphex: jurov, asked
that
too.. even hacked bank accounts
mrwdunne: Jurov
There are ways of ensuring deposits are not reversed.
jurov: A asks his bank
to reverse payment.. what will you (E) do?
jurov: A
then sends fiat
to E, B exchanges
them for bitcoins and vanishes without giving A anything
jurov: recently
there was
this
type of scam around: A buys from B something, B gives
to A his exchange E's bank account
mrwdunne: ThickAsThieves No, we will be complying with
the KYC/AML laws regardless.
mrwdunne: jurov We got further confirmation from
them behind closed doors
ThickAsThieves: this is some bumfuck logic no? "However
the FCA has not offered any constructive guidance or comment on
the regulation of digital currencies. In fact,
the FCA has gone as far as stating it does not regulate digital currencies and has no intention of doing so.
The result is
that bitcoin businesses in
the UK are not obliged
to register with or be authorised by
the FCA."
mrwdunne: (That is not our private correspondence with
them however)
mrwdunne: This is already public knowledge, however I confirmed it with
them. Hell I
think coindesk did an article on it
mrwdunne: ThickAsThieves I have it in writing
that
they do not, and have no intention
to regulate any bitcoin exchange
mrwdunne: ThickAsThieves remarkably I have actually spoken with
the FCA about
this, as opposed
to just reading
their manuals.
Naphex: as in hacked bank accounts, or clients wanting reversals because
they inputed by mistake
too many 0's
mrwdunne: ThickAsThieves it does not exist for bitcoin exchanges in
the UK, according
to
the FCA. We have no legal obligation
to collect identification (we will be, but not for small buyers)
mircea_popescu: unlike you, he didn't have
the benefit of -assets existing.
Naphex: mrwdunne: before i got splitted, i asked what is your defense against bank fraud considering 'instant' bank
transfers?
ThickAsThieves: whats
the distinction, how does AML exist if it doesnt exist?
mrwdunne: ThickAsThieves no you cannot.
There are just no reporting requirements
mircea_popescu: a perfect chair
that's not been sat into is no sort of advantage.
those
things will count in five years.
mrwdunne: ThickAsThieves None
that exist
mircea_popescu: mrwdunne dude seriously. you've been running
this for what, six weeks ?
ThickAsThieves: Perfect regulatory environment for an exchange as
there are no AML/KYC requirements.?
mrwdunne: Free, instant bank
transfers. Perfect regulatory environment for an exchange as
there are no AML/KYC requirements.
mrwdunne: ThickAsThieves reputation is something
that can be earned
mrwdunne: ThickAsThieves I agree,
to significant buyers it is not an issue. However it is a significant advantage
to significant amounts of smaller buyers.
ThickAsThieves: i'll
tell you, bank
transfer fees are of little concern
to notable buyers
mrwdunne: Offering free, instant bank
transfers however is a reason
to move en-masse. Being
the only may not directly be
the selling point, however
that is a very valid advantage
fluffypony: mrwdunne: every entrepreneur pitching a business says
that
their product is a special and unique snowflake
the likes of which have not been seen from
the beginning of
time until now, no nor shall be seen again...that's not a compelling reason for customers
to move en-masse
to your exchange
mrwdunne: mircea_popescu I have read
through your posts on bitcointalk already. You pitch
that if someone is competent and
the idea has potential
that is what matters. I am
the only person who has managed
to get
the account
mircea_popescu: noob founders
try
to pitch onlyness
to vcs all
the
time, innocent of
the plain obvious fact
that it's a disqualifier.
mircea_popescu: mrwdunne only also
telegraphs noobishness. you're
too new in
this game
to know, but nothing is valuable in any market unless and until it has ocmpetitors.