829200+ entries in 0.567s
ThickAsThieves: so basically we are
to assume someone has reported him for not paying out
their money?
mgio: if i had
trouble withdrawing money from weexchange, etc
mgio: wanted
to know if i was owed money by ukyo
mgio: they wanted records of
transaction logs and such
Apocalyptic: there is no such
things like assets' drama
mgio: they read
the forums, im sure
they read irc
mgio: cause i post on
the forums
mgio: yes, well
theyve called me
mgio: but we see now
that even avoiding business with US customers doesnt protect you from
the SEC
Apocalyptic: sometimes it's hard
to distinguish between pressure and advice
mgio: and if
they didnt...well
there would have been big
trouble for
them
mgio: they were pressured
to
mgio: im not sure what you are saying
TAT
mgio: my point is, any exchange
that actualyl becomes successful will eventually get shut down
ThickAsThieves: think of it like
this. imagine all we had in
the first place was colored coins.
then some guys says 'hey check it out, i made
the same
thing but all in one interface with all
these features, and its fast, and you can see all
the markets, it so cool'
mgio: yes because
they dont have notoreity
that SR had
pankkake: and again, exchanges already know how
to handle
their shutdown
mgio: even
that got shut down eventually
pankkake: if you want unstopable exchanges just hide
them. proxies, i2p,
tor, whatever
mgio: well explain
to me how it would be done
mgio: bitcoin allows you
to have more complicated
transactiosn, like...this
transaction doesnt happen until both
these
things happen -
the security is sent and it is paid for
mgio: you can't back out of
trades
mgio: colored coins requires no change
to
the bitcoin protocol
mgio: mastercoin is not
the best
mgio: colored coins are
the easiest way
to implement a distributed exchange,
thats why. not sure why you are so pessimistic. yes, i agree,
there is a lot of
talking and not much doing. but it doesnt mean
the ideas wont work
pankkake: mgio:
the issue is decentralized order books.
the "best" proposal by mastercoin still sucks for many reasons (you can back out of a
trade and
thus easily put fake buys, it's slow as fuck because you have
to wait for a block each
time, etc.)
thestringpuller: dude.
the intellectual discussion in assets has just plummetted like ASICMINER stock
mgio: basically uses
the blockchain as a way
to store who owns what
mgio: the actually security exchange
takes place using colored coins
mgio: thats just
that half of it
mgio: sure but its even simpler if anyone who wishes
to participate runs a client
that connects
to a peer
to peer network which contains all
the relevant information
pankkake: that's
the one
thing
they did right
pankkake: but anyone can backup
the list of who owns what
mgio: yes but
the exchanges are websites
that can be shut down
pankkake: that's
the easy part and actually already solved by exchanges
themselves
mgio: it would be no less secure
than putting your faith in any of
the exchanges outthere
mgio: i know hwo it would work, i just dont have
time
to implement it
mgio: all
the important stuff is already
there in bitcoin,
the only
thing needed is need is a way
to distribute info about each security, basically a peer
to peer network
kakobrekla: you should send
them
to some inactive bitbet address
pankkake: so… I
think I'm just going
to widthdraw my btc, no real desire
to increase my positions on havelock :(
Apocalyptic: mgio, but you have
the design figured out yet ,
mgio: if I had
the
time, id do it myself
ThickAsThieves: if people wanna have shady
trading pools,
they dont need a blockchain,
they need
to just get organized and make
them
ThickAsThieves: well it doesnt really solve anything
that needs solving
Apocalyptic: but i extend it
to any decentralized solution
pankkake: the issue is
that every
time it is mentionned without any
thoughts of "how is
this going
to work"
thestringpuller: Because, as
ThickAsThieves was need
things worth investing in and places worth doing it
mgio: why do you
think
they were doomed
to fail?
mgio: otherwise
the SEC will also come and shut it down
ThickAsThieves: we need
things worth investing, and places worth doing it
mgio: well all
the exchanges shutting down :(. I
think we need a real peer-to-peer distributed security exchange based on colored coins
that can't be shut down
mgio: its sad
to see
the bitcoin security world slowly fall apart :(
mgio: where did you see
that? no one is being screwed, its a HUGE risk
to buy it at above
the buy back value
ThickAsThieves: ah
there it is "And
this is why you should never buy
this
type of bonds above
their buy-back value. You never know when one of
these operators is going
to "cleanly" shut down and screw you out of your money."
mgio: now if only if
that could happen with ukyo.loan :( :(
mgio: no,
they are recalled for 1.05
deadweasel: liabilities greater
than
their assets! lol.
ozbot: What Was On Alleged Silk Road Boss' Laptop At
The Moment of His Arrest
cazalla: i wish saltydroid would cover some of
this shit
Tulak_: next step is
to get
them wet
deadweasel: good, you got your feet on
the ground. good place
to start.
Tulak_: im a bottomfeeder,
tbh
Tulak_: is
this related
to ukyo?
dub: just man up and pay
the $20k fee
to
trade on mpex
Tulak_: whats
the common platform for assets
KRS-: btc never ceases
to amaze me..unreal..just sayin.
jurov: Not such a
thrill, i guess.
jurov: I
tell everyone
to buy slowly, not at once, but it gets ignored
pankkake: in
the buy it and sell it over and over sense
pankkake: it's quite
telling
though, many other bonds were under face value at
the
time
kakobrekla: i guess
taht is unavoidable and by definition necessary
pankkake: xbond was
the bond
that did 18.25 APY, but every
two weeks
dub: drama
the bubble
that never pops
Tulak_: kakobrekla:
thanks for sending me into a loophole :D
dub: not
to be confused with wangs
thestringpuller: ThickAsThieves: are you kidding? XBond has had
the biggest bubble yet it seems
gribble: There are currently 15414152 bitcoins demanded at or over 0.0 USD, worth 32806358.5026 USD in
total. | Data vintage: 73.6152 seconds