log☇︎
81500+ entries in 1.313s
Bane_Capital: MoneyIsDebt: It has no backing. It might as well be worthless.
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).
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).
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
Bane_Capital: It's boring as hell
BTC-Mining: As such betting 1 BTC or 1 million BTC carried the same risk in my opinion.
BTC-Mining: I suppose everyone invested thinks it's a ponzi and as such, no demand, no cash flow, no more div. Runaway time.
MoneyIsDebt: well forever as in bitcoin terms
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
MoneyIsDebt: so forever as in ... forever
mircea_popescu: "forever" as in, a few months, a coupla years maybe ?
BTC-Mining: He locked it down for investigation... so long as he unlocks it afterward unless something is not as it should.
mircea_popescu: somehow this doesn't occur to anyone as a path to take.
Chaang-Noi: as used gaming rigs
Chaang-Noi: smoovious you just got a dividend :) and more will come as i sell hardware
Diablo-D3: mircea_popescu: as long as we dont have a south korean singing this its fine
Diablo-D3: we need a motion to remove nefario as owner of glbse
Chaang-Noi: thailand is about as far as you can get from texas...
Diablo-D3: instead you took it as a chance to attack Obsi
PsychoticBoy: as DMC share holder what should I vote
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).
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).
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).
Obsi: then I sold once some stability had returned... I don't usually hold OBSI.HRPT as I make money on the backend.
Obsi: The bulk debt buys can be excellent earners as well, I have thought of getting into it myself but it seems very hit & miss.
Obsi: I've had family harmed by payday loans, but I think everyone should be allowed to run their life as they see fit. Sometimes that comes with painful learning experiences
Obsi: I get more than 1% a day on the backend, but I don't exceed 10% for very long as a rule.
Obsi: Frankly I don't enjoy running HRPT very much, as it has exposed me to even more personal attacks like the one that caused me to lock the thread.
Obsi: my business model is I transfer funds to a person that earns high rate interest and pay that out as coupons
mircea_popescu: in due time, as they say.
mircea_popescu: "If you think over 1000BTC is a small amount, why don't you just buy my debt off and I'll shut up, and at the same time, I'll praise you as lord."
toffoo: novusordo: I dunno, I think you could argue that a system as free, open, and unregulated as bitcoin will always invite a fair share of asshats. it's the cost of freedom.
OneMiner: I dig. You got some points there. But I don't think you really understand how coordinated and powerful they are. Afganistan is a cluster F at this point. The mission is all screwed up. The army is acting as a punching bag.
OneMiner: While I'm a fan of much of the constitution, it's reasonable to expect that changes will be made over time. For example the 2nd amendment. I interpet that as a gun to the head of the govt., the designers of the constitution wanted to be sure that a govt. not of the people couldn't stand. Now we have cruise missles and I feel that the orginal intent has been defeated. What should happen? We stick with what we have and change nothing? Scrap the 2n
Diablo-D3: usagi: if you're so pro-DMC, then vote to keep me as CEO on nefario's fake motion that he wont put up
Diablo-D3: I will continue to record those assets as stolen, and on every single monthly report on who stole them.
MoneyIsDebt: and you think of yourself as pirate lite ?
Obsi: I now think of you guys as "matthew lite"
Bane_Capital: Yeah, he got fondled and sexually abused in a locker room as a child.
mircea_popescu: as kakobrekla
jcpham: as i watch this over and over
nefario: look at bitcoinica as an example
nefario: as I said
Diablo-D3: the fourth did not pay dividends as per motion voted by half the issued shares, 10:1 vote
Diablo-D3: 80 was paid as dividends
dub: as kakobrekla
Diablo-D3: usagi sure as hell isnt on yours!
nefario: DI insurance is frozen as well I guess
nefario: until after a shareholder vote on whether to keep DMC as admin (in about 1 weeks time)
nefario: rg: Diablo-D3 has been suspended as the admin of DMC for gross incompetence on continual request of DMC shareholders
dub: as in, built some fucking mining capacity
Diablo-D3: thank God I dumped as many as possible before we lost all the assets
mircea_popescu: actually as a point of policy, it seems to me that if company ipos for plan A and it fails to raise the funds, it just pays everony back and dissolves.
nefario: As Diablo-D3 has clearly demonstrated
Diablo-D3: mircea_popescu: might as well not even continue with the plan.
nefario: DMC shareholders are going to be given a say in whether they want to keep him as operator of DMC
Diablo-D3: not only that, nefario has threatened the second largest shareholder as well
copumpkin: you need to make it clear that people listing their securities on your exchange are accepting your pseudolegal oversight as well as your exchange services
mircea_popescu: there were accusations of impropriety at the time, as in,
copumpkin: nefario: I just mean that you're using the TOS as an excuse to not show shareholders in one case, but then unilaterally move in and make an executive decision regarding DMC
Diablo-D3: OneMiner: I dont get when the fuck we elected nefario as our SEC either
Diablo-D3: I realized what they were doing and jumped out as fast as possible
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
Diablo-D3: there is no reason to think he wont do this to everyone else as well
nefario: Diablo-D3 has been suspended as the admin of DMC for gross incompetence
Diablo-D3: even though he voted as the majority in that vote
Diablo-D3: copumpkin: not only that, as part of the negotiations with usagi, I was going to just reverse the motion anyhow
Diablo-D3: seeing as I was about to announce the deal on dedi/cloud shit, we could double down on asset purchases for a short time
rg: i was considering it as an option
Diablo-D3: yes, as one part of it!
PsychoticBoy: ppl certainly sold asicminer quick as soon as I announced the past
Bugpowder: There is a concept of a 'accredited investor' in financial markets. You need $1MM assets or $200k income. Think of MPEx as only for 'accredited investors' If you cant afford 20BTC for a seat at the exchange, probably you shouldn't be investing.
mircea_popescu: Chaang-Noi doesn't it strike you as odd that i jsut cut interest on deposits if im trying to run with teh btc ? hm ?
mircea_popescu: Chaang-Noi you seriously have never seen as much btc in your otherwise unremarkable but noisy btc life.
Doffx: How did you not fail, you still holding a ton of BTC it sounded like you were out a ton as well.
Doffx: hashking have a bet going as well?
jcpham: copumpkin i have no traded as any other identity, no
jcpham: i heard that as wel copumpkin
Diablo-D3: Ive repeatedly asked for it, others have as well
Diablo-D3: and I think Im going to undo it as well
Diablo-D3: but Im not a lawyer and I tried to insulate dmc as much as possible without harming shareholders
nefario: public record of that as well
Chaang-Noi: as far as i know no one has talked to priate
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).
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
Diablo-D3: as usual, dmc remains the only worthwhile investment
DeaDTerra: No, I wrote a contract which clearly stated I acted as a middle man and were not responsable for the other 95%, I clearly stated that if all the other insureres/backers default then I am not responsible for the debt. And then I took 0.5% of the profit in admin fee :)
DeaDTerra: I specifically stated before the IPO that I am not resposible for the rest 95% and it also says so in the contract. Oh well I guess as I am the head figure people throw the shit at me instead, I guess I should expect it but still :(
DeaDTerra: I acted as a middle man and I insured 5% which I have paid back.
mircea_popescu: mostly for lacking any discernment whatsoever. but hey, as bane says... what are you gonna do.
DeaDTerra: And I am not even the one that owes the money, it's INAU as GIPPT is insured by him.
DeaDTerra: Okay haha as always then :P
smickles: copumpkin: i'm not a licensed accountant, i am still considered a student as i am working towards a cpa
smickles: i predicted the mnw bet outcome, he used it as an excuse to leave!