log☇︎
80900+ entries in 1.293s
mircea_popescu: boonies4u it goes back as dividends.
dub: think of intersango, nefario, theymos.. all in the same place, know each other irl, all shady as fuck like some gang of limey grifters
mircea_popescu: scams need to be called out as scams.
mod6: rg: ahh, yeah, it wasnt nearly as good as the original. :/
dub: as soon as we can extract our coins
mircea_popescu: works just as well.
rg: pigeons: serious as cancer
Luceo: BTC-Mining: Exploitation isn't always bad, if people are willing to price badly you may as well exploit that
mircea_popescu: as in, buy cheap sell high.
mircea_popescu: trying to invest in the sense of "exploting idiots" never works aout, it's pretty much the same thing as trying to time a ponzi.
mircea_popescu: take BTC-Mining as a fine example. he thinks he;'s been exploiting idiots
gribble: Nick 'Doffx', with hostmask 'Doffx!~doff@173-160-245-174-Washington.hfc.comcastbusiness.net', is identified as user Doffx, with GPG key id DE23494FA64F5DA1, key fingerprint 9A9A9D9CA29C8F1FB40AC46DDE23494FA64F5DA1, and bitcoin address 1Q9FavHENPK7sATGm8ebthxG9EhQmaamw2
gribble: Nick 'Doffx', with hostmask 'Doffx!~doff@173-160-245-174-Washington.hfc.comcastbusiness.net', is identified as user Doffx, with GPG key id DE23494FA64F5DA1, key fingerprint 9A9A9D9CA29C8F1FB40AC46DDE23494FA64F5DA1, and bitcoin address None
gribble: Nick 'Doffx', with hostmask 'Doffx!~doff@173-160-245-174-Washington.hfc.comcastbusiness.net', is identified as user Doffx, with GPG key id DE23494FA64F5DA1, key fingerprint 9A9A9D9CA29C8F1FB40AC46DDE23494FA64F5DA1, and bitcoin address None
matthewh3: I know Nafario, I've met him, have him on my Facebook and have his phone number but I'm not calling him yet. As I imagine he is very busy and answering lots of calls. I have sent him a message on Facebook tho.
mircea_popescu: inasmuch as he's young asian he's very professional.
smickles: Doffx: if you have shares of gsdpt (or whatev) you could give DeaDTerra a signed doc that says you'll give X shares to him as soon as is possible
smickles: ;;google boulders as money
mircea_popescu: (the duck also weighs the same as a witch, which is virtual)
mircea_popescu: if you can't kill your girlfriend with it, it's virtual. also known as rule of thumb.
knotwork: once there is some easy way to use it through Tor there are a few groups who want to have OT servers as Tor hidden services
knotwork: because of those scale factors it treats both ways round of a pair as distinct markets
ErebusBat: "bitcoins are just for criminals… as soon as GLBSE tried to become legal alot of users jumped ship and here are some quotes….."
knotwork: Open Transactions does work, I have never used any financial system that was as good at actually keeping balances correct before
mircea_popescu: the safe side, a dump of all users' final STATs, encrypted with their keys and clearsigned by the exchange will be released before closing, in whatever manner will be deemed at that time efficient, as for instance on a p2p file sharing system.
mircea_popescu: In the unlikely case that the continuation of MPEx becomes impossible, all issuers will be provided with lists of their shareholders. A successor system would have to be constructed (either centralized or maintained independently by the respective issuers), but no information is lost : since people can still sign with their keys, it is trivial for anyone who is in fact a shareholder to identify himself as shareholder. Just to be on
mircea_popescu: Should the systems be confiscated or otherwise lost the service will failover to different systems, possibly on bulletproof hosting if need be. If sufficient pressure is put on this side MPEx will be recoded as a p2p system.
Luceo: As far as I know mpex is still centralized
mircea_popescu: Luceo not as far as i can see
copumpkin: as long as he keeps records
mircea_popescu: mk. live and learn as it is.
teek: as if things havent been bad enough lately
rg: imsaguy is listed as a ponzi scheme
mircea_popescu: "At the moment, we don't see the virtual currency market as a good
BTC-Mining: That's what I was referring to as a major problem.
mircea_popescu: as the atmosphere turned sour...
BitcoinBear: In the spreadsheet, why is MPOE.ETF listed as a 0 value? just because it has not been traded in a while?
mircea_popescu: as far as we know
BTC-Mining: But probably involve registering each asset as a free trading one and involve a quite a bit more paperwork from everyone. And GLBSE would act as a broker for those.
BTC-Mining: smickles, american regulations don't matter much if it's a UK market and regulated as per UK laws... americans on GLBSE would be trading on a foreign market.
kakobrekla: moved away as in couponized
BTC-Mining: But as long as they actually buy the tickets...
markac: 1) To be really good. 2) As replacement to okay or great. Note: Usually said with half-hearted meaning or sarcasm OR with little or no interest in the subject of the conversation.A type of happy-go-l
mircea_popescu: smickles i meant ss's <100% is no competition for mpoe.etf's 1188% as "highest return thibng"
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
smickles: "I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE."
BTC-Mining: When they are 11 million as you say, remember when I paid you 220 000 USD
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
kakobrekla: as for self fail i was thinking about this
mircea_popescu: "Usagi should be viewed as a case study regarding what happens when a person with nearly zero knowledge of finance and business tries to manage a venture"
smickles: i read it as 1 birt ever
smickles: i'll start as soon as the funds gets there
mircea_popescu: [Local Rules : Anyone can post in this thread, even people who are confused over their gender, can't do basic math, view failure as doing well and in general lack any idea of how to run a business]
Ignatius-otc: you act as if the guy didnt hang around for months paying out divs normally
mircea_popescu: light sweet crude. or whatever, really, as long as it's settled physically.
pigeons: good, keep it as a bucket shop ;)
OneEyed: New stuff about bitcoinica in #bitcoin-otc: phantomcircuit | as far as i can tell now bitcoinica has not ever been able to cover it's obligations
mircea_popescu: such as... what ? all of them ?
mircea_popescu: GamblingMan if you were someone, as opposed to random anon you could prolyl borrow shares and sell them for your bet.
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
GamblingMan: I guess I might as well cut my losses now and sell a few thousand more.
OneEyed: Yes, I was here, using the same IP as OgNasty before
jcpham: mpex isn't a scam as far as i know
jcpham: as an asset, as a site, and an anything
midnightmagic: OneEyed: Also not true, as the insulin spike of even complex carbs is very very bad for you.
OneEyed: Smoovious: sure, as people who get depressed, they can just work this out themselves, no need for help, that's not a disease
OneEyed: Smoovious: this acknowledges it as a disease, that can be cured, but is not easy to. I guess if the impregnated person was at risk of harming students in any way, then other texts and sanctions would apply.
midnightmagic: Smoovious: In my case, I chose not to participate at all, as sticking to my Grand Plan was more important to me.
midnightmagic: Smoovious: In reality, people should have been more cognisant of the risks: you can't "assume it was" as though you are certain. You just have to evaluate the risk and behave accordingly.
OneEyed: Smoovious: sure, as I don't expect water to turn into wine on my table, if it does, well, so much the better
OneEyed: midnightmagic: sure, it would be foolish to assume in any way it is not a scam, as not a single fact suggests that it is not one. Not one! Did we find out the accounts supposed to have been repayed for example? Or did we get an amount? Nothing, none, zip.
OneEyed: midnightmagic: judging if an investment is a scam is not the same thing as judging people, there is no "innocent until proven guilty", this is much more balanced. And right now, the balance clearly goes to the scam side, and by an enormous lot
OneEyed: midnightmagic: note the "may", as we may discover it is a scam by proving it is a scam if, for example, accounting books are found
OneEyed: Smoovious: why not invest in $? Or do you want to bring in people with € as well, through BTC?
OneEyed: mircea_popescu: don't act as if you were *the* messiah announcing what's true and what's not :)
OneEyed: mircea_popescu: I would use the same terms as Goat contract, but replace PPS 1MH/s by "average air temperature at 6:00 minus 20 degrees"
OneEyed: mircea_popescu: yes, I understand. But even knowing he doesn't own some, as long as the investors get exactly what they paid for, i.e. coupons indexed on PPS 1MH/s, I don't see as a violation of the contract itself. But I won't redo the discussion here :)
OneEyed: PsychoticBoy: why not in this case? You even see coinbr starting as a broker for the MPEX exchange
OneEyed: Smoovious: it is obviously, as it is the sole owner of the shares attribution
OneEyed: Smoovious: I used bitcoins before I joined bitcointalk or the bitcoin channels on IRC. I could have used GLBSE without joining them too (this is not the case as I happened to discover about GLBSE on the forum)
OneEyed: And handling the brokering part to Goat this way is wrong: not only Nefario didn't use a secure way of identifying the claims, prevent double claims and so on, but also he forces people to go to Goat, while some of them had maybe invested in Goat assets only because GLBSE acted as a middle man
OneEyed: Smoovious: he acts not only as an exchange but also as a broker. The brokering part cannot be stopped this way, even if the exchange delists (by freezing for example) the asset.
OneEyed: Smoovious: I fault him for the way he handled it as well.
OneEyed: So unless he intends to run, I see that more as a guarantee. I would prefer to invest into a guaranteed 1MH/s equivalent rather than some hardware whose returns would be distributed to me capped at 1MH/s equivalent.
OneEyed: So, PsychoticBoy and Smoovious: if you invest dollars into a Euro fund, do you expect the dollars to be converted in Euros and be kept as bills? Or do you expect to get dividends based on the fluctuation of the EUR/USD?
OneEyed: Smoovious: so, please, tell me: what would it change *for you* as an investor?
Chaang-Noi: snuff as in fliming a killing?
MrTiggr: i like to watch the little dots fire out to a satoshifish as they are spent on 1dice*
Chaang-Noi: i gave 50 btc to the forum as a donoation
Chaang-Noi: Failure to do so will result in you being marked as a scammer and possibly even banned for the following reasons:
Chaang-Noi: imsaguy2 i loled at that as well
rdponticelli: I foresee everybody labeled as scammer by default...
Chaang-Noi: i have a phone,. but i only use it as a portable internet connection
Chaang-Noi: he has been afk the forum as well
copumpkin: as thick as lexington steele!
dub: safe as houses
mircea_popescu: might as well find a different mythological creature to be.
mircea_popescu: it is a little complex for you tho as it will require custom coding
Diablo-D3: Chaang-Noi: maged is still thinking about giving nefario a scammer tag and setup a url filter to label all glbse links as scams