757400+ entries in 0.487s
mircea_popescu: if
they have
the
time
to freeze 100k worth of options.
mircea_popescu: so what i want
to know is, how many accounts
that
traded on
the pre-gaap release were frozen by
the sexc
ozbot: SEC.gov | SEC Freezes Assets in Swiss-Based Account Used in Suspected Insider
Trading Ahead of Hein
the20year2: tesla's was way more
than a few million
the20year2: how big was
the loss/gain on
the berkshire stuff?
mircea_popescu: meanwhile,
tesla creates random info disparities, nobody cares.
mircea_popescu: but look here : some people bought options, in switzerland.
they had
their accounts frozen and
they were required
to... prove!!!
they didn't
trade on insider info.
the20year2: Yeah , i don't know
though if it's illegal
to issue non-gaap reports
mircea_popescu: cause
they were
too busy confiscating
the money of
traders who had bought options on berkshire
the20year2: Although in
the case of
tesla,
they issued
the non-gaap a few hours before gaap and gained an extra $50/share
the20year2: an0 looks pretty simple, and my idea was
to publish something non-gaap anyways since i don't
think we can count bitcoin in
that, and we'll always have btc balances onhand, so I planned on issuing non-gaap reports at
the same
time
the gaap ones were done (TSLA does
that)
the20year2: If we use GAAP it makes it easier
to
transition
to a public corp
mircea_popescu: the20year2 i'll bet you you'll be giving up on
the gaap style within 12 reporting periods
the20year2: I guess it wouldn't be
too difficult
to publish an0 + gaap reports
joecool: only
two
types of places ever gave me shit
dexX7: nubbins`: "please ask for photo id" -
that's an awesome move
joecool: nubbins`: i've
tested
this
theory, writing various
things like "I STOLE
THIS CARD" on
the signature pad
nubbins`: pays for item in store, cashier looks at back, says "heh" and swipes
the card
joecool: cause only one or
two US issuers have chip and pin as an option
joecool: true heh, in canada i use magstripe and it
throws off all
the clerks
nubbins`: a friend of mine had "PLEASE ASK FOR PHOTO ID" on
the signature panel of his credit card some years ago
nubbins`: grab a chip and pin card, rewrite
the stripe, smash
the chip with a ball-peen hammer
nubbins`: even places
that use chip-and-pin will fallback
to magstripe if
there's a problem with
the chip
joecool: oh sure yeah if you pull
the old paypal-style MITM
that's burned so many people in OTC
joecool: ie. if i walk into a store with a stolen magstripe you don't know i have, i can purchase goods and even if
there's a chargeback, it only claws back from
the store
those goods were bought at
mircea_popescu: not what i meant. what i meant was, fraudster sells
the merchandise
to ignorant buyer, gets irreversible payment from him
joecool: mircea_popescu: skimmers are a bigger
threat if you can duplicate
the magstripe, but most non-US countries figured
that out and went chip and pin
thestringpuller: but I don't
think
the proxy decrypts
trades just announces
thestringpuller: i was
talking more about an attacker getting access
to mpex key via
the proxy
joecool: thestringpuller:
that would depend on whether
the attacker actually received goods, if
they ran a merchant account
they'd have
the money clawed back
thestringpuller: yea but
the attacker wouldn't have profited directly on stealing people's money, mpex key is still guarded by naked lady ninja assassins
mircea_popescu: the fact you can reverse it doesn't mean it didn't fail
thjo
joecool: mircea_popescu: not like a CC carries any sort of personal info other
than name and address which are often already public record
joecool: mircea_popescu: it's fairly easily reversible, just claim
the charges were fraud
joecool: mircea_popescu: cc over
the phone is less bad in my opinion
joecool: and even if
the domain was with a US registrar it usually
takes a month or
two
to go
through
the processes
to get it back
joecool: i've seen more
than a few domains get jacked from social engineering,
the best are ones
that clone
the site, set up shop somewhere without many laws (romania?),
then monetize
the stolen site
mike_c: wait, wasn't
that how mpex got down? somebody impersonated you
to a proxy server admin?
ozbot: O hai let me verify your identity pe
Trilema - Un blog de Mircea Popescu.
mircea_popescu: didja see
the
thing where
they
tried
to hijack
the dns via social engineering ?
mike_c: i
take
that
to mean
they aren' very successful
mircea_popescu: whereas small players will have
to retain
the help of an investment banker, in which case
they get auditing as a packaged deal anyway
mircea_popescu: the20year2
this dovetails nicely into your earlier curiosities re listing on mpex w/o an account. itstands
to reason
that large financial institutions
that have
their own account can keep
their accounting straight ;
nubbins`: the answer is left as an exercise
to
the reader
joecool: consequences will never be
the same
the20year2: So, what prevents
the organization from lying?
the20year2: So, financial reports are prepared by
the company who issues
them?
mircea_popescu: an0 is accepted by
the exchange doing 90%+ of all bitcoin financials.
the20year2: Isn't
the client maintained by
the foundation?
dexX7: since when does create
the foundation standards?
the20year2: When did
the bitcoin foundation approve an0?
mircea_popescu: if i ever watched
tv perhaps
that'd sound like a lot more.
the20year2: Are
there any bitcoin businesses
that are using GAAP-approved accounting?
dexX7: well, i can't say
that anything i ever wrote lead
to a
tv serie
mircea_popescu: she's a sorta leah, and as we all know it sucks
to be leah
ozbot: The peeconomy pe
Trilema - Un blog de Mircea Popescu.
dexX7: hey guise what do you
think about a blockchain postcard service? users submit a message which is
then posted via op_return. i bet some devs would love
the idea! :D
benkay: when does
the
taper even kick in?
benkay: so when do
the big markets start
to price in
the
taper?
benkay: plus, what do i look like, a
trader?!
benkay: i've already decided on
that strategy. i
think rent plays are a red herring.
mike_c: hey benkay, did you ever end up making
that rent short happen?
mike_c: what
the hell is an air pot?
benkay: why can nobody do anything for
themselves?
benkay: so what is
to be done but put
the empty one on
the counter and pop
the cherry on
the new one
benkay: i go for coffe, she informs me
that
this air pot is empty
benkay: this morning at
the café, some nice lady is standing next
to
the air pot, idling, hoping for attention
mircea_popescu: kakobrekla how about linking bitbet bet income/outbound
to blockr ?
dexX7: yesterday someone said
this is
trash. any insight why?
dexX7: i have no idea how it works under
the hood
Apocalyptic: it's not like
they can enforce anything at
this point
Apocalyptic: <dexX7> somewhere in
the reddit comments
they said
there will be some kind of authentification // well if someone regged
the u/* entry i wonder how can
they claim it back
mircea_popescu: meh
there's in principle 5k "services" like
that and no barrier
to entry
dexX7: somewhere in
the reddit comments
they said
there will be some kind of authentification. like: you claim you are mp and insert his
twitter handle, but
to proof it, you'd need
to post a verification
tweet
deadweasel: wow,
takes 9 developers
to display a QR code