log☇︎
74800+ entries in 1.075s
Bugpowder: I was trading the same day as this guy
JimFromBronx: and post the fiat as collateral
Bugpowder: and you can invest as the house too
Chaaang-Noi: i bought a used bfl mini rig as well
Chaaang-Noi: AM is mine as well, i just bought the first order for 77 btc in march
thestringpuller: as dr. venture says
dub: put my smile back together as good as any private plastic surgeons
kakobrekla: blowjob counts as devirginazor?
mircea_popescu: free doctoring is about as useful as free stockpicks
asciilifeform: mircea_popescu: but dead drops work fine 'if used as prescribed'.
Bugpowder: Founded by Suroosh Alvi, Shane Smith, and Gavin McInnes, the magazine was launched in 1994 as the Voice of Montreal with government funding, and the intention of the founders was to provide work and a community service.[5
mircea_popescu: [Update 12 Jan 2010: OK, I didn't get it done by Sep 2009. But I have been working on an advanced "Live Object" mechanism for Loom which will support not only Vending Machines but any other type of feature as well.]
mircea_popescu: [Editor's note: Actually, the author of Loom has been planning a two-way internal asset exchange mechanism known as a "Vending Machine" for some time. It should be rolled out within a few months, probably by Sep 2009.]
mircea_popescu: if they report it as shares should report strike +- premium
ThickAsThieves: it locks up the shares/btc as appropriate
mircea_popescu: well it doesn't actually work as it is
TomServo: TraderJim: Profit : 8.80204166 BTC to be distributed as dividends. http://polimedia.us/trilema/2013/bitbet-june-2013-statement/
mircea_popescu: so it's ok as long as the guy doesn't ejaculate ?
mircea_popescu: they can be in cages. they do useful things as part of being slaves.
mircea_popescu: duh. they THINK. as if that's somehow conceivably wrong.
matthew_boyd: Getting better! I have the sub-reddit which I told you about which I know a lot of younger people use as their source of income with bitcoins
matthew_boyd: Haha, I am trying to earn as much trust as possible, and try to make young people more accepted
davout: should post it on the forums, probably some folks willing to leave their bodies as collateral for a few bitcents loans
Stardust: <bitcollapse> [06:24:37] mtgox will be finished as a speculation venue // it's about time
bitcollapse: mtgox will be finished as a speculation venue
dub: interestingly, friedcat has deleted the bit where he says 'obviously as everyone knows there is no rule of law in china'
furuknap: In interesting news, AM has announced that they will do exactly what they have already been doing, except with much higher cost. This, of course, propels the prices upwards, as you'd expect.
mircea_popescu: also known as three year old style painting.
mircea_popescu: in exchange market (“Bitcoin Exchange Market”) from which prices are used to determine the Blended Bitcoin Price. The Trustee will determine the NAV of the Trust on each day the [EXCHANGE] is open for regular trading, (“Evaluation Day”) as promptly as practicable after 4:00 p.m.
mircea_popescu: The NAV of the Trust is the aggregate value of the Trust’s assets less its liabilities (which include estimated accrued but unpaid fees and expenses). In determining the NAV of the Trust, the Trustee will value the price of the Bitcoins in the Trust Custody Account as determined by the relevant Blended Bitcoin Price. See “Overview of the Bitcoin Industry and Market” for a description of the operation of the Bitco
Stardust: "As filed with the Securities and Exchange Commission on July 1, 2013"
Stardust: i mean the continously pulling mecanism isn't relevant for the withdrawal process, it is as to enforcing
Stardust: <davout> as part of the rules to enforce // nevermind, misses that
davout: as part of the rules to enforce
ThickAsThieves: using the url bar as a search bar
mircea_popescu: davout may work, as lo9ng as the auditors are trustable.
mircea_popescu: you're going to "imagine we use gpg to sign transactions on the client side so even if the attacker gets your server there's jack shit he can do as he can't enter arbitrary txs" ?
mircea_popescu: where people keep feeding you one-chain transactions and then request returns which you process as both-chains transactions
davout: mircea_popescu: blockchain split is irrelevant as your incoming transactions are either accepted, or confirmed, but in the case the confirmations count for a given tx was reduced you'd be notified since the field would be defined as "allowed to change only for a bigger integer"
asciilifeform: (and hardcode them as nodes into your ordinary bitcoind.)
mircea_popescu: asciilifeform that was my next q, why not just run your code both places as is
davout: it will audit automatically if you plug it as a hidden replication slave on your DB
asciilifeform: I, for one, sure as hell wouldn't put $100M of BTC on silicon I didn't design (or at least control the design of.)
davout: what's the drill with it ? have heard about it but as far as I understand they simply sell gift cards
davout: there is no such thing as "bitcoin" anyway
mircea_popescu: the regulations are as to the us dollars being useless, not as to bitcoin.
bitcollapse: bitinstant is treating bitcoin as some sort of advanced highly defined/regulated instrument
bitcollapse: bitcoin is not defined as a financial instrument anywhere
pigeons: and its as private as your paypal info, you arent giving that address to anyone but bitinstant
davout: yet, as an exchange you have to follow them, unless you want to live a quite painful experience
davout: as in, we wouldn't have this debate
mircea_popescu: as to the relevance :it's not just taxes. why should a shareholder that buys now get the benefit of an arbitrary charge for 1 year ?
davout: if I was you I would account it as an expense every month
davout: the whole "it can't be taken as a one time charge" is relevant when you use expenses to reduce your net result as a way to reduce your taxes, i don't think it has much relevance in BTC-LAND
mircea_popescu: these btc can't be taken as a one time charge, as they reflect a multi-period thing
mircea_popescu: well in this sense the house you own is not "yours" as you only have fee simple on it.
davout: since it's not going to stay in your books as an asset
mircea_popescu: as in, amortisation only after a FULL period
mircea_popescu: as IPO issued yes.
davout: (and i read that correctly on the MG statement, you have as much outstanding warrants than issued shares, right?)
mircea_popescu: ok. company A has 100 shares issued, of which managwement owns 10. company A has 100 shares issued as sws to mnanagement
davout: mircea_popescu: it doesn't have to be accounted for per-se, but the warrants list has to come with the financial statements, because as you said it is something that needs to be taken into account to get a full picture of the company
davout: just account for it as exceptional revenue when it comes in, if it does, any loss relative to the par market price will be borne by shareholders getting diluted at a bargain
mircea_popescu: this has to be accounted as this is the point of accountingh
mircea_popescu: technically speaking they should be in the accounts as they're a materially different situation than simply not existing
mircea_popescu: in the simplest translation of common law that even a napoleonic lout might get, they don't have tyhe right to THAT capital. just to something equivalent, as practicable.
mircea_popescu: that's nonsense, as the shareholders aren't owed any btc.
mircea_popescu: ya well, i can't make 12 columns as i don't want to turn my blog into an aicraft carrier
mircea_popescu: as they say in washington dc,
mircea_popescu: as in finding recipes and whatnot.
thestringpuller: mircea_popescu: so how will players build things? as imsaguy alluded to, the crafting...
imsaguy: mircea_popescu: as expected (again).
imsaguy: mircea_popescu: as expected.
mircea_popescu: probably taken to extremes as players will be able to create their own code/gfx etc too
thestringpuller: as in the player can not relinquish it
mircea_popescu: . The value of destroyed items (such as principally food, which will be required for all players) will instead cover game development and operational costs.
pankkake: oh, bitfury. I read it as furry asics
furuknap: I'm nore thinking that people can be useful as replacement bodies after their heads have been confiscated.
mircea_popescu: for all the talk of these financial cats the market's as frozen as antarctica.
mircea_popescu: was just as crazy before.
dub: (which as we all know there is no shortage of in btcland)
kakobrekla: Garr255: Also see how this thread got no responses, and the one accusing me gets hundreds. Seems as though what was once a community here, now just enjoys ripping one another apart more than anything.
mod6: the nasty mining (i don't really follow the miner orgs as much)
mircea_popescu: "RPG characters are young. Very young. The average age seems to be 15, unless the character is a decorated and battle-hardened soldier, in which case he might even be as old as 18. Such teenagers often have skills with multiple weapons and magic, years of experience, and never ever worry about their parents telling them to come home from adventuring before bedtime."
mircea_popescu: for that matter, asking this is akin to asking girls to please wear burkas, as their nude hair is inflamatory to men generally
kakobrekla: Also, I encourage you to check out my existing mining ventures, as I have been commended for being one of the most transparant people in the industry.
deadweasel: but you're saying he should have re-registered as the mtgox Llc what have you?
deadweasel: hmm. good point mp.... i thought he simply misreprested his MSB questions, as the answers technically changed in 2013..
mircea_popescu: with the result of being advised to do as many of the motions as possible on the theory that it'll maybe amount to good faith at the trial.
kakobrekla: testing is happening as we speak
peterl: great and namworld have an exit strategy: they stop paying the daily dividend, the sahre price plummets as everybody screams scam, and they buy the shares up cheap
mircea_popescu: "just as clunky as the kindle"
ThickAsThieves: and listed as a stock
mircea_popescu: something he actually clearly understands, as displayed by the abandonment of "scammer tags" and the open system
mircea_popescu: theymos makes no representation as to having a clue about finance.
mircea_popescu: "1. To the bondholder, you are right that it does not matter what the funds are being used for, so long as the interest is paid."
ThickAsThieves: "BFL didn’t make that target, and as such, it said it donated 1,000 BTC to the Bitcoin Development Fund (BDF). However, the BDF appears to have been created in May 2013 and provides no documentation that it is, in fact, a bona fide charity or nonprofit organization. Its website lists no actual people, street addresses, or phone numbers.
mircea_popescu: kinda too small for their age i guess, but im boiling them as we speak
mircea_popescu: and yes all the scams will masquerade as honest businesses hit by the mining collapse,
mircea_popescu: he can have the amenties of 1950 just as soon as 1947 years pass.