log☇︎
766100+ entries in 0.487s
ThickAsThieves: this volatily thing, we like!
ThickAsThieves: look china wants to mimic bitcoin http://blogs.wsj.com/moneybeat/2014/02/27/what-happens-if-china-widens-the-yuans-trading-band/
mircea_popescu: dexX7_ they were still pr-izing at the time, hoping beyond hope they'll find a sucker somewhere.
dexX7_: this was before the crisis paper went public
Apocalyptic: <wbaw> it seems to be mt.gox was trying to pitch that plan to investors who didn't want anything to do with it & leaked it // sounds reasonable
ThickAsThieves: not the crisis one
ThickAsThieves: i'm referring to the business plan
dexX7_: wall street journal. no paywall: http://www.reddit.com/r/Bitcoin/comments/1ytb3o/japans_authorities_decline_to_step_in_on_bitcoin/cfnk8nz -- "According to documents seen by The Wall Street Journal, Tibanne Co., which operates Mt. Gox, is expected to generate a small profit in the fiscal year ending in March from exchange transaction fees."
wbaw: well, the plan looks pretty illegal to my uninformed opinion
ThickAsThieves: obv you dont buy a mtgox without seeing the coins
ThickAsThieves: or, the ones that were interested in the plan were the ones who then unearthed the dirtier truth
wbaw: it seems to be mt.gox was trying to pitch that plan to investors who didn't want anything to do with it & leaked it
ThickAsThieves: unless something was able to be gleaned from the financial page
Apocalyptic: " but one article clearly referenced the expected return for 2014." it's in the business plan
dexX7_: the stuff was not only leaked to investors/exchanges, but also to the press. or it was leaked to the press from one of them.. i'm not sure right now where i read it, but one article clearly referenced the expected return for 2014.
mircea_popescu: welcome to 2012. that was the meme of the year.
Apocalyptic: "but it's speculation, at this point we can't be sure" i don't even...
MisterE: how far up your ass does your head have to be to think that
Apocalyptic: what's funnier is some people are so in denial up to the point they're even doubting mtgox is missing coins, at this very moment
mircea_popescu: insider spilled the dirt, all over forum ?
ThickAsThieves: insider trading at its finest
mircea_popescu: recall when the bitfinex was broken in half last time ?
mircea_popescu: that's how children react, your average raped 9yo girl is more likely to not tell.
ThickAsThieves: like Bitstamp selling 25k btc after Mark walks out the room or such
mircea_popescu: that's because they're scum, and that's what scum knows and does.
mircea_popescu: you mean how come the various contemptible schmucks - like jesse powell, like roger ver, like etc did not go
ThickAsThieves: i'm talking about off-gox markets
mircea_popescu: there's no such thing as "disregard what mp says expect to be able to survive"
mircea_popescu: ThickAsThieves you forget the info was motherfucking leaked in public lmao
ThickAsThieves: i dont know the legality
dexX7_: were they obligated to leak such info? isn't this stuff kinda confidential?
MisterE: whats ths?
ThickAsThieves: as it seems they were approached
ThickAsThieves: secondmarket may be the most exposed
MisterE: ride it back up to 600
ThickAsThieves: also, like, even if you did make sure to sell all your coins first, how could you not leak this info to the public sooner?
MisterE: Hmm, just about time to get back in
thickasthieves: the story of where this reached isn't done, and more than gox will go down for acting on it's insolvency
thickasthieves: my thoughts pretty much too
dexX7_: i bet this 10k sell on bitstamp was related to this
mircea_popescu: The problem is, the lot of them being packed up and hauled to jail would be no such infringement. It is at this point perfectly reasonable and quite unavoidable. Sure, they’ll try and sell this libertarian angle, that’s the curse of being pro-freedom : all the scumbags try to exploit you for their little profit turning “ideas”. It won’t wash.
mircea_popescu: Once that happens, I am positive and certain that the same people who are now running around calling their betters names will try to turn things into some sort of “mean state infringing on people’s rights”. They have a fine record at trying exactly that.vi
mircea_popescu: will be fun to watch the unwinding of it.
ThickerThanThiev: so basically gox gave all the exhcnage leaders head's up to sell
ThickerThanThiev: just read thru this gox stuff
mircea_popescu: the20year1 i left the guy a comment, he's not published it.
jurov: it's there
bitcoinpete: I'm just going to leave this here. It's about trust, greed, idealism, and Snake.
ArsKisS: now you can remove the walls, folks
mircea_popescu: lucky for them, they never got sued.
mircea_popescu: a bassoonist with a jd in law that was the best the wikimedia foundation could do for counsel this past decade
mircea_popescu: and we're supposed to be all surprised and whatnot.
mircea_popescu: apparently mtgox was the cat's tits,
mircea_popescu: and then go nuts on the forum about how he sent some guy his last fifty bucks and can't afford food for the week now.
mircea_popescu: BingoBoingo roger ver is one of those guys that love to talk to people and then talk to people about how many people he talks to
chetty: "inappropriate" now thats a weaselword
twizt: where do they draw the line
mircea_popescu: some guy was bitching that 30mn youtube views only made him like 20k usd
twizt: i wonder how much it would cost to promote satanism
mircea_popescu: it's beyond the fucking pale.
mircea_popescu: basically there's this core of idiots and scammers and the idiots just won't let the scammers loose.
jurov: i'm certain karpeles did ask them to help, too
jurov: markov that does not matter
mircea_popescu: ahahaha mike hearn harping about how teh Powerfully Retarded Rangers are nao poor and will disband
markov: so you guys think karpeles lost keys rather then a hack?
mircea_popescu: meanwhile teh yuan is moving
markov: jurov: good point, they're probably employed the best exploit guys ;)
mircea_popescu: "people smarter than us who aren't impressed with our conventions" => evil!
mircea_popescu: markov this is how "HC SVNT DRACONES" is noted in modern english
jurov: how that relates?
jurov: markov: quite many intelligent people returned from the west, living here is okay for them
markov: robert scoble in toronto>?
ozbot: Twitter / SergeiShoigu: Welcome to my official Twitter ...
jurov: maybe someone really thinks putin will pull it
jurov: dunno, they're making some preparations here
mircea_popescu: least of all the ukrainians themselves
mircea_popescu: i don't think anyone seriously considered the ukrainians moving en masse
mircea_popescu: jurov amusingly, romania had a published (but not public) policy of allowing open immigration for israelis should they need it
markov: l33t. you guys must be one of the few intelligent people left in the eastern european countries
mircea_popescu: markov timisoara, romania
markov: is that where you're from mp?
markov: i trust dooglus
markov: i guess ill just gamble on just-dice to make them back
markov: its quite a shame that i have nearly 300 goxBTC
markov: mircea_popescu: i despise communism. that website is clearly reporting FUD
mircea_popescu: asciilifeform http://www.wsws.org/en/articles/2014/02/25/scho-f25.html you'll love the names.
mircea_popescu: meanwhile, "Greek police, under the orders of the Ministry of Public Order & Citizen Protection, have begun to enter schools in order to establish the political views and activities of schoolchildren and their families"
mircea_popescu: markov i guess that proves the alleged founder of dreamhost is an idiot ?
markov: "I had no inside knowledge of the situation at mtgox and am truly shocked at the current state of their affairs. I personally have over 8,000 GOXBTC and $400,000 USD locked in their system, and am still converting all "real" BTC trading fees from the site to GOXBTC, and I will never sell any personal GOXBTC via this site. "
mircea_popescu: dexX7_ you know, p e singer made a few millions that way
dexX7_: much more fun than lottery
markov: goxxed must be trolling
mircea_popescu: pay 1 btc or less on a lark, i can see. like you'd buy a lottery ticket
markov: goxxed: say goodbye to your 50 BTC. you cant be serious!
mircea_popescu: i'm with davout, i wouldn't pay 50 btc for that.
dexX7_: goxxed: do you expect some kind of miracle where thousands of coins appear out of nowhere?
mircea_popescu: discerning the grain from the chaff is a full time professional endeavour
markov: bitcoinbuilder is run by founder of dreamhost -- he has a positive reputation -- if that means anything
mircea_popescu: thats why we have the wot and on it goes.
mircea_popescu: markov yup. and the nyse and the wh.org and everything else.