742400+ entries in 0.498s
CheckDavid: Maybe because
they are accepted by
the company
to pay for
the products it provides?
CheckDavid: Could
they still be
traded accordingly
to
the business performance somehow?
benkay: why? magic.
trust in
the issuer.
CheckDavid: Yes. But imagine
the coins are not
tied
to equity.
benkay: if
that company has value,
the share has a slice of
the value.
benkay: CheckDavid:
that's
the magic of owning shares in a business.
CheckDavid: How could
their value still be correlated with
the business performance?
ThickAsThieves: <thestringpuller> CheckDavid:
ThickAsThieves has auto divident paying mechanisms in place. /// uhh what?
benkay: CheckDavid: we've explained how
to handle
that.
CheckDavid: That ads something else
to worry about
CheckDavid: thestringpuller: I know. But one had
to account for
the possibility of coins being exchanged
tg2: its better
than half
the coins
thestringpuller: CheckDavid:
ThickAsThieves has auto divident paying mechanisms in place. I know several people pay dividends directly
to bitcoins. If you're generating a profit and want
to distribute it accordingly, you could do so even manually.
benkay: thing about shitcoin is
that one doesn't get
to select
the coins received
thestringpuller: People will just end up using it
to mark bitcoins during stings on drug deals or
trace laundered money.
thestringpuller: But it's far easier
to
trade OTC stuff...you know here...on IRC...over
the counter...
Duffer1: is
there a colored coin system even out yet?
CheckDavid: Looks hard
to push something like
this into production
benkay: no signing
things with btc addresses
thestringpuller: hey better yet! have
them sign
the email with a btc address
benkay: yes you do, CheckDavid otherwise arbitrary entities can
transfer shares arbitrarily.
CheckDavid: I just need
to know who
the current owner is
CheckDavid: I don't
think one needs
the original shareholder signature
thestringpuller: so
then non related person sends you
the issuer a gpg signed email from both
the original shareholder and
themselves signifying an exchange
CheckDavid: Members are one
thing.
Then
the com can be exchanged off site
CheckDavid: What about non members
that acquire
the coin?
CheckDavid: I don't know
the format of such a contract
thestringpuller: not at all, you 1) want
to pay out profits from your website
to members
benkay: the public offering is required
to get
the hype machine going so
that
the 'ipo' pulls in as many coins as possible
thestringpuller: the members can
trade equity as
they see fit amongst
themselves...
benkay: "please send divs previously associated with 1fuckmylife
to 1fuckhislife"
CheckDavid: But
then I was suggested not
to give any equity
benkay: 1 gpg-signed email is all
that'd
take
CheckDavid: thestringpuller:
that was e initial idea
CheckDavid: thestringpuller: provided by members? What about when coins are
transferred?
thestringpuller: CheckDavid: right a gpg contract, pay out divs
to a btc address provided by members. not hard :P
gribble: Rating entry successful. Your rating of 1 for user
thestringpuller has been recorded.
benkay: ;;rate
thestringpuller 1 not likely
to mess your day up
CheckDavid: I would like
to distribute equity among
the members of my website
benkay: ;;gettrust
thestringpuller
CheckDavid: Duffer1: not sure about
the
terms. But I assumed colored
Duffer1: are you
thinking of an alt coin or colored coin?
ozbot: Crap Away - Launching A Fun &
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CheckDavid: Duffer1: sorry of yes. Except it's digital
toilet paper
CheckDavid: Duffer1:
the coins should have some utility for
the life of
the business
Duffer1: checkdavid
that would be like a kickstarter project sending out
toilet paper instead of gadgets or equity
Mats_cd03: its kind of like issuing dave and busters
tokens
Duffer1: you could visit any alt coin exchange
to see
the inevitable, and guaranteed, fate of all alt coins
that have come before
CheckDavid: benkay: is
that related
to what I said benkay ?
benkay: ;;google
trilema colored coins
CheckDavid: What do you
think about issuing a coin as a way of funding for a business?
benkay: that'd make some nice hash,
tg2
tg2: you can just retrieve
them from
there
tg2: i put
them in your /dev/urandom
benkay: i want
to put
tg2's discarded keys into
this hash i'm working on
benkay: i'm
talking about salmon hash, corned beef hash, crypto hash
benkay: i
think i want all
those discarded keys
tg2's dropping on
the floor
deadweasel: benkay, got half a grocery bag of
trim here if you want
to add it in.
benkay: making some hash
today
tg2: the intel system seems fine without
that crutch
pankkake: well
then, you *were* entropy starved
tg2: using rngtools
though
bounce: no wonder, since it is about
the investor / state dispute settlement ("allow corps
to squeeze backward governments") in yet another american
trade agreement,
this
time with europe
punkman1: deadweasel: judging by
the
title,
they barely read
the paper
gribble: Bitstamp BTCUSD
ticker | Best bid: 511.43, Best ask: 512.99, Bid-ask spread: 1.56000, Last
trade: 510.17, 24 hour volume: 37872.34545917, 24 hour low: 505.0, 24 hour high: 584.69, 24 hour vwap: 536.173526093
ozbot: Experts Found
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tg2: newer xeons use it I
think
pankkake: and as a rule, don't
touch crypto stuff you don't understand, you'll shoot yourself in
the foot
tg2: (not implying
that is secure)