737800+ entries in 0.391s
mircea_popescu: moiety cool. if you fuck it up all
these other experts can fix it. but it seems unless someone starts nobody does sortt of
thing
benkay: if you have 2 classes of shares, maybe
track both classes of shares with
the share
tracking
thing.
benkay: as designed, sure, not really a good idea
to set people up
to do a runner.
benkay: well
this is a design of exchange
thing
mircea_popescu: benkay nothing
to stop
the issuer from selling
the
treasury shares.
benkay: the problem is
this manual "half
the shares are not on
the exchange"
thing.
moiety: <mircea_popescu> "[...] without being silly." << you did just ask me, but i will
try.
mike_c: they are contracted
to maintain a % of ownership
mike_c: benkay: owner-shares are not supposed
to be
tradeable
benkay: mircea_popescu: list all shares on mpex. divs can only be paid
to full float. remove a source of pebkac errors.
moiety: I'm not actually allowed
to include manuls in
this am i
mircea_popescu: so now
that mpoe and bbet are all fucked up, allow me
to ruin
the monthly reports of nsa
too.
mircea_popescu: moiety articles.
think you're
trying
to
tell stuff
to your newb friend, so she can
talk in -assets without being silly. what'd go in
there ?
kakobrekla: moiety at
this point, a lot of flash, i
think.
moiety: that's because
they can't read mircea_popescu .. what does
the wiki need
mircea_popescu: who are you ?! and why are you determined
to feed my ignore list ?
☟︎ danielpbarron: how about you have your missile and i'll have mine? no need
to personify Bitcoin
mircea_popescu: moiety
they said you should be working butt off on wiki.
mircea_popescu: danielpbarron yeah, but you do need
to read
the logs
to understand other
things.
danielpbarron: i don't need
to read
the logs
to understand you are collectivizing all bitcoin users as if
they all have
the same goals
mircea_popescu: yeah we need more wiki people. hey moiety, do you know what
the manuls have been
telling me ?
bounce was going
to say
that excel isn't really appropriate for much of anything,
then
thought of "appropriate
technology"... and excel is indeed pretty much
the opposite.
ThickAsThieves: i made
the categories and
two links! what more do you want!
kakobrekla: perhaps wait a few more hrs with
that advice.
mircea_popescu: danielpbarron you're new here. why not read
the logs for a while and ask q after ?
mike_c: she can do both at
the same
time
mike_c: maybe mpoe-pr wants
to learn accounting
mircea_popescu: doubt we're
that far yet, but i can appreciate your point in principle.
mircea_popescu: if we don't have our own cpas, and our own fucking missiles, we'll have
trouble.
mircea_popescu: it's bad.
technology has never nor will it ever replace people.
ThickAsThieves: then maybe my suggestion
to go full dynamic aint so bad
mike_c: yeah.. it is not really accurate
to call it a nz0 given how many assets it has :)
mircea_popescu: ThickAsThieves
the problem is
that people who are actually qualified
to do
this stuff do not wish
to do it, because
they were qualified by fiat and wish
to die in fiat.
mircea_popescu: mike_c half
tempted
to move bitbet on a nz0 basis
tbh.
mircea_popescu: in
that meta sense : i'm quite happy with it, because it both creates caselaw and casepeople.
ThickAsThieves: to be candid
though, you have an an accounting problem
that appears
to be consistenly inconsistent
ThickAsThieves: if you had a full board,
theyd probly seek reimbursement from
the accountant
ThickAsThieves: unless bitbet intends
to charge an employee or contractor for
the loss,
the shareholders eat it regardless
mike_c: i guess
the issue is
that
this is a cash flow statement, and
the charge belongs on
the balance sheet.
mircea_popescu: obviously
that 99 btc will be carried on
the book until it melts away
mircea_popescu: ThickAsThieves what happens if one month
the revenue from closing bets is 1 btc but
the house
takes in 1k new bets, worth 100 btc
mike_c: but now it is more confusing.
there is no line item for
that charge.
ThickAsThieves: its meant
to read
that an error was made and
that cant be undone by carrying it over
mike_c: not really.
the company accountant screwed up. can't penalize specific shareholders for
that
ozbot: BitBet, March 2014 Statement pe
Trilema - Un blog de Mircea Popescu.
ThickAsThieves: i
think it is not
the shareholders
that should be owed
ThickAsThieves: the question lies in whether and where
the culpability lies
mike_c: screws future investors, but
they can see
that in
the report and
take it into consideration.
mike_c: overpay yourself and kako in
the same amount,
then carry forward
the expense.
mircea_popescu: no because
that degrades
the dividends owed on
the 70% of shares not listed
mircea_popescu: how would
teh wise other ppl rectify
this problem in
the current report ?
mircea_popescu: through my mistake 3.68215306 have gone
to
the public shareholders instead.
mircea_popescu: this because we still hold 70% of
the shares, not yet listed.
mircea_popescu: so : last month bitbet made 3.68215306 btc, which should have gone as follows : 1.104645918 should have gone
to
the public shareholders, 1.288753571
to kako and 1.288753571
to me.
mircea_popescu: actually :
this is a good matter for public consultation.
mike_c: i was
thinking
tx fees on sending out refunds
mike_c: i feel like i've asked
this before, but: bitbet revenue line 'fees from refunds'. how are fees
that bitbet paid considered revenue?
benkay: asciilifeform:just about every interesting
technology attributed
to a mega-organization was done on 'stolen
time.' << yeah, as always, asciilifeform has it
benkay: ;;later
tell Duffer1 NASA was just a wholehearted
theft of european
talent. nothing endogenous
to
the USA.
benkay: what kind of cabal is
this anyways
kakobrekla: yeah
the entropy on it is bad, no cardano sorry guise.
mike_c: i didn't figure out
the algorithm.