766800+ entries in 0.568s
mircea_popescu: in general companies
that can't finance
themselves
through stock issuance have little or no hope of placing bonds successfully.
the20year2: I'm not aware of any, however i'm
talking about
the landry list of stocks out
there
that have.
the20year2: With
the number of companies
that have outright scammed people i'd kind of expect it
to at least play a partial role in future issuer plans.
mircea_popescu: a possibility it is, of course, but
transparency is hardly much of a qualification.
the20year2: I'd like
to
think i've been more
transparent with rentalstarter
than most other issuers have been with
their respective listings. Of course, i'm still asking if
this is a possibility at any rate
mircea_popescu: i mean equity is one
thing, people love
throwing money away
mircea_popescu: the20year2 what makes you
tihnk you have
the credibility
to issue bonds in
the first place ?
nubbins`: depending on your
tax bracket,
that could be around 25% of gross
mike_c: there's already a btc hedge on mpex in x.eur. i'm not sure how much appetite you'll find for a bond
that will decrease in NAV and interest rate as btc rises.
nubbins`: ~50% of net for housing is
the norm here
the20year2: The
two questions are : Would a USD bond (to short BTC:USD) be useful on somewhere like mpex, and if so, what would
the cost be
to do such a venture from
the issuer standpoint
the20year2: Then of course, depending on
the cost, issuing bonds in
the US may be preferential
to pursuing issuance on a bitcoin based exchange
nubbins`: <mircea_popescu>
today people pay 50% ish in
tax and 25% in rent. <<< you're obviously not from canada
the20year2: Well , if it works as a BTC short,
then
the interest being paid would be
tied
to USD rather
than BTC, but still paid via btc as
the medium
mike_c: but you'd have
to pay interest in btc..
the20year2: Which was
the whole idea behind doing
this 2nd round of funding via havelock. So,
then i've got
to consider what non-share options
there exist for business financing. Issuing interest bearing bonds are one of
those
things
that many businesses do when
they don't/can't apply for bank financing.
mircea_popescu: well, if you aren't in
the business,
the logical step would be
to
talk
to someone who is.
the20year2: We should hit $500k in
total NAV by June, which is good, but i don't know if it's enough still in order
to get a portfolio lender
to consider us
the20year2: I guess I'm
trying
to determine if
there'd be use in whether
there would be a use for a USD rentalstarter bond on mpex
mircea_popescu: with
the exception of x.eur and
the options, mpex assets aren't mm'd specifically
mircea_popescu: there's no requirement
that
the underwriter marketmakes
the20year2: You're
talking about market makers, correct?
mircea_popescu: in some cases obviously
the asset is owned by an actual investment bank which already has a seat.
this is by no means common or
the rule. esp as
things mature.
mircea_popescu: if every ipo also bought a pit spot it'd be
the fucking end of
the world over at nyse.
mircea_popescu: which is someone with
the experience and contacts required
to maintain
the financial side of
things.
mircea_popescu: mpex works exactly like a stock exchange is supposed
to work,
the asset should ideally
take an underwriter
the20year2: My primary concern/question if
the requirement is always 30btc
to list an asset
mike_c: % as rent has more
to do with density, no?
mircea_popescu: i don't
think any assets were listed off new accounts anyway, what sense'd
that make ?
the20year2: *possibly* dumb question, but would it be possible
to request
the listing of an asset on mpex via a pre-existing account, or does it have
to be done from a brand new one?
mooninite: so it's a level playing field, and if you want
to farm and go out of your way
to get
the rarest items, you can -- but
they will not immediately make you stronger
than everyone else, it's just for looks
mooninite: there are ascended and legendary items
that would be
the sort of 'epic' rarity loots but
their stats are barely higher
than
the regular items, only
they look nicer and have particle effects
mooninite: at max level, everyone's gear stats hit
the same ceiling.
There's no quest for bigger and better loots. Some people dislike
this fact, but I find it nice
to be able
to quit playing for a few weeks, come back and not feel like everyone else progressed beyond me
mooninite: no gear
treadmill, skill oriented gameplay
mooninite: I played Rift, it was def a step of from
the likes of WoW. But GW2 is
the epitome of "without
the stupid shit"
mircea_popescu: in other news,
the bitcoin Rift guild is about
to pass 1k players 0.o
mircea_popescu: well honestly now... why would white people let black people
throw parties for mj's death ?
mircea_popescu: "When Michael Jackson died
they wanted
to have a party for him in motherfuckin’ Fort Greene Park and all of a sudden
the white people in Fort Greene said, 'Wait a minute! We can’t have black people having a party for Michael Jackson
to celebrate his life. Who’s coming
to
the neighborhood?
mircea_popescu: you need a whole of a lot of progress
to get people
thinking
they're better off in vermin infested shitholes
today
than
they were in 1500
mircea_popescu: and
then in most places another 10%ish in vat and vat-like
taxes.
ThickAsThieves: i visited
the
tenderloin in SF, i dont know what
the fuck
they are clinging on
to
mircea_popescu: there's no such
thing as a right
to one's code just because it exists or just because it's different.
mircea_popescu: basically, some people suck, some don't. whee why should
this be, whoo how could
this be.
ThickAsThieves: you see white mothers pushing
their babies in strollers,
three o’clock in
the morning on 125th Street,
that must
tell you something."
ThickAsThieves: the comments are ridiculous "Why does it
take an influx of white New Yorkers in
the South Bronx, in Harlem, in Bed Stuy, in Crown Heights for
the facilities
to get better? Why did it
take
this great influx of white people
to get
the schools better?
The garbage wasn’t picked up every motherfuckin’ day when I was living in 165 Washington Park...
The police weren’t around... When
mooninite: MtGox Update 3: I found it, my usb with 700k bitcoins, It had fell down
the side of
the sofa at starbucks, withdrawals
to resume soonish.
ThickAsThieves: i'm having real
trouble understanding
the growing
trend of american anti-gentrificationism
gribble: Bitstamp BTCUSD
ticker | Best bid: 584.37, Best ask: 585.65, Bid-ask spread: 1.28000, Last
trade: 584.37, 24 hour volume: 50743.47596829, 24 hour low: 509.96, 24 hour high: 610.0, 24 hour vwap: 561.356989288
ThickAsThieves: alright, short email
to Havelock CEO sent, I even gave him all
the dataz.
mircea_popescu: kind-of why
the key figures are reported a certain way in fiat.
ThickAsThieves: it just means
the cap needs
to be more dynamic
than ASICMINER for example
nubbins`: this presents a problem
to be solved if havelock wishes
to display a live count of
the number of shares existing
mircea_popescu: and for
that matter s.mg can write more warrants whenever it wants.
nubbins`: when people can cash out warrants whenever
they want
nubbins`: i
think
the question is how havelock knows
total # of shares
ThickAsThieves: they arent included, but
they are a factor should
they be rendered, no?
mircea_popescu: S.MG has a
total of 88`096`605 authorised shares outstanding
benkay: guess
that means you don't have
to worry about any of
this bullshit, eh,
ThickAsThieves?
ThickAsThieves: surely James and Mircea can sort out a way
to reliably get a count