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ozbot: Smartass kid test answers - Imgur
novusordo: i'm sure if you message Michail1 while authed, he'll remove the rating
bitcoinpete: did not know that, thx
novusordo: you can message nickserv "set enforce on" to automatically kick people off your username after 30 seconds if they haven't authed
bitcoinpete: this Michail1 must be protector and defender of noobs then
bitcoinpete: i thought people knew better than to work with unauthenticated people
novusordo: sounds like someone's using your nick to scam others while unauthenticated
bitcoinpete: not yet, but you're right, that's the first thing to do
bitcoinpete: seems this guy is a nicksquatter patrolman of sorts
bitcoinpete: kakobrekla: thanks for the rating! was wondering if you know what to do about some other guy who rated me -1 with comment "Nick squatter using this nick to scam you. Ask in channel to have this scammer authenticate." http://bitcoin-otc.com/viewratingdetail.php?nick=bitcoinpete&sign=ANY&type=RECV
MisterE: -assets should fund the space elevator!
ozbot: Fruit Salad Tree Company | Home
nubbins`: anyway, one more link then bed
MisterE: some future costs can be paid from that fee though iirc
MisterE: rather like the concept tho
MisterE: and that can get hefty
MisterE: in thailand your fee is a percentage of the damages you seek
the20year1: There have been courts historically who charge the plaintiff large fees to file a case
nubbins`: seems impossibly foolhardy in retrospect, but they were simpler times
nubbins`: bounce: generally historic courts did not impose a 10btc fee on the plaintiffs, only 9btc of which will be returned in the event of a win.
kakobrekla: ona day he has all btc, the next none, the third some, the fourth all again, but on the fifth it seems all is gone.
bounce: you know, there's a long history of (non-bitcoin) courts and such, and also a long history of abuse in various forms. question then is why and when doesn't such a system get abused (or at least not too much, and then what is this not too much you speak of)?
nubbins`: ketchup and plastic film are two products where i always spend extra to get the name-brand stuff
nubbins`: haven't tried ketchup from scratch yet ;D
MisterE: easy to make
the20year1: Did you know there are 3 grades of ketchup?
nubbins`: "i got a loan and paid it back" is just another way of saying "i'm not going to pay back the first loan that's big enough"
nubbins`: so do something that'll make people trust you :P
MisterE: kakobrekla: yea thats where I got the idea
MisterE: I just want to get my rating off the ground
nubbins`: no, MisterE hinted at it tho
kakobrekla: never said that .
nubbins`: i don't think borrowing and repaying is a particularly good way of building trust.
the20year1: and out of that, among the 450ish users, some should be on irc & btct
kakobrekla: re borrowing, yeah bitcoinpete just did that a day or three ago iirc
kakobrekla: but that requires reading stuff.
MisterE: get them on wot ASAP
the20year1: Lucky for me, the bulk of my investors aren't on either, however it'd be good going forward to have good ratings on both
MisterE: if you have to shoose get rated by people here
nubbins`: both is nice to have
the20year1: i'm sure the best answer is 'get both' , but i'm coming to realize that trust is good, it might save me some cash over the next 2 months
MisterE: users here are the top of the pyramid
nubbins`: the20year1: if you ask people on irc, -otc. if you ask people on the forums, the forums.
MisterE: I habent read yet but this is BTC arbitration?
the20year1: As far as user trust goes, what's more important btc-otc or bitcointalk?
MisterE: frivolous suits are weeded out that way
MisterE: fees are always the plantiff's burden
nubbins`: at least if there's no fee to register a defence, he's got nothing to lose by participating
nubbins`: having the defendant pay 10btc creates a strong disincentive to participate
nubbins`: rota was a fine idea but just incorrectly structured from the start. it'd probably still be going if it was set up the way i've outlined ;D
mircea_popescu: cool. im off to bed.
nubbins`: i don't think there are any problems left ;D
MisterE: bitcointalk is there the whiners are
nubbins`: solving all of them at once, really
mircea_popescu: i think perhaps you may be optimising for a differen tproblem.
nubbins`: tell me if people wouldn't be encouraged to solve their own problems rather than whining to btc dad
nubbins`: now tell me if people would be bringing frivolous claims to a court set up like that.
nubbins`: 1btc immediately goes to judges fund
nubbins`: if some asshole sends 100btc to mpex for no reason and wants to rota it, he pays 10btc, you pay 0btc.
MisterE: sorry I came in late in the chat
mircea_popescu: MisterE was a self-nomination thing, originally. see the article
MisterE: who picks judges and where they come from?
nubbins`: the 1btc -- and nothing more -- always goes to the judge fund
nubbins`: if defendant wins, he gets the 9btc.
nubbins`: they don't make shit until their contract is up
mircea_popescu: do they make 3 btc if defendant wins, and 0 if plaintiff wins ?
mircea_popescu: and who pays the judges ?
nubbins`: you want the rota to solve your problems for you, it costs you 1btc.
mircea_popescu: plaintif wins. gets 10 btc back. who pays the judges ?
nubbins`: so you remove the defendant's fee, which solves the problem you identified where mpex gets bled dry, and you make 1btc of the plaintiff's fee non-refundable, which solves the payroll problem
mircea_popescu: sure. but the problem was hardly the incentive structure.
nubbins`: yeah, that didn't work tho
mircea_popescu: the loser's goes to judges and 1 btc left over.
mircea_popescu: nubbins` no dood. 2parties contribute 10 btc each. the winner gets his 10 btc back
nubbins`: i can almost hear the gears turning from here... although it could just be the cat snoring ;(
nubbins`: if you buy a can of coke here, you pay eight cents recycling deposit. you bring the empty can back, you get five cents.
nubbins`: all the more reason to avoid frivolous claims, no?
nubbins`: so the plaintiff's 10btc fee is refundable to 9btc if he wins.
mircea_popescu: that fat tail ended up costing a pretty penny, but hey.
mircea_popescu: i was privately underwriting the risk that judges may not get 30 cases/year
mircea_popescu: 30 cases a year pay for the 30.
mircea_popescu: and if you recall, the 10 btc - 3x3 = 1 leftover.
nubbins`: anyway, unless that 30btc was supposed to come from the leftover 1btc of the losing party's money (30 cases per judge per year!), i can only imagine that you were privately funding the judges' salaries
nubbins`: unavoidable pff, bitcoin is here to replace &c &c.
nubbins`: well, how were you planning to pay the 30btc?
mircea_popescu: and im merely arguing that since every top job out there pays a salary + bonuses, that model is unavoidable.
mircea_popescu: nubbins` and how do you pay the 30 btc ?
nubbins`: anyway, you're arguing that salary doesn't work because pay-by-the-hour makes it seem like less of a chore
joecool: i had a case some years back that was delayed nearly 2 years because the judge assigned was waiting for his retirement request to finalize
nubbins`: he knows the workload involved when he signs up. once all judges are booked up, you have a backlog.
nubbins`: say a judge has to take 30 cases a year or w/e for his 30btc
nubbins`: but hey, USA has a thousand magistrate judges for a reason
nubbins`: workload would be the obvious one
mircea_popescu: such as judges no longer actually wish to judge. it becomes morel ike jury duty
mircea_popescu: not paying the judges per case has a host of problems
mircea_popescu: everyone with their head in a box, X-coin Y-coin blergh
nubbins`: maybe the defendant doesn't have to pay a fee because we're not paying the judges per-case anymore
nubbins`: i can't keep up with them, you tell me :D
mircea_popescu: whats this, taloncoin ?
mircea_popescu: well not like it has to.