log☇︎
866000+ entries in 0.833s
jurov: MP says that about anything that smells funny
kleeck: shockingly, topace DOES know more about his own legal situation than mircea_popescu!
nubbins`: Duffer1: that's what i assumed
Duffer1: MP are you saying you believe the 'private investors' of cfig are really just CFIG themselves?
ThickAsThieves: they arent as crunchy as the american ones
mircea_popescu: you may be paying someone whatever, but lawyers they are not.
topace: so yes, i'll stop replying to the public, and refer all questions to the lawyers frmo this point forward
nubbins`: i feel like i'm missing a small but crucial piece of this conversation
topace: that we pay a good chunk of $$$$$ to
topace: cuz i can do that if you want
topace: mircea_popescu: would you feel better if my reply was "let me let me lawyer get back to you?"
mircea_popescu: because they still haven't introduced this defense by "i thought it was obscure youir honor, honest i did"
ThickAsThieves: yes, my lawyer is telling me i need to stop answering questions about my securities in public too
mircea_popescu: kleeck it was clear the first tiem around for people with a clue in the matters discussed.
kleeck: Yay! Third time around and mircea_popescu is able to clearly articulate his inquiry. lol.
mircea_popescu: you will see a judgement for the WHOLE sum slapped on your ass.
mircea_popescu: should the jury decide your'e as much as 0.1% liable for the damages on the grounds of for instance having made statemets as to investors that don't exist
topace: what does 50 million provably trading hands have to do ?
mircea_popescu: looky here : if this cfig scam ever sees the light of day in a courthouse of some jurisdiction where every other party involved is immune but you are not,
mircea_popescu: maky, since i'm not getting an answer on the first one, let's see a follow-up question.
nubbins`: you technically can't count zero things, either
ThickAsThieves: only 20 fingers toes, yknow
kleeck: Not only will the smalls not sell for a loss, but we were JUST told that the pricate bigs are locked until the official launch...
topace: and yes, the remaining shares from tranche1 move to the open market at noon tomrorow
topace: doubt people will sell less than they just bought at
ThickAsThieves: if they post 47k ask wall, well...
nubbins`: i mean, i don't think the whales who bought the 150k ipo shares are going to sell
ThickAsThieves: if private invetsors buy more, then, no
nubbins`: i kinda doubt it, at this point
Duffer1: basically cfig shares half off tomorrow? :P
nubbins`: we're pleased to announce that our ipo didn't sell out
nubbins`: (pleased to announce!)
nubbins`: have showed their support for our venture.
nubbins`: CRYPTO FINANCIAL (CFIG) is pleased to announce that our public offering of our Virtual Shares will close on Friday August 23rd, 2013 AT 12:00 P.M EST. Live trading of our shares will commence immediately once the IPO has closed. Any remaining shares will be placed for sale in the open market at the original IPO price. We appreciate the countless people and organizations that have reached out to us
nubbins`: hm. i trashed the email that mentioned the start time tomorrow
kleeck: I think they have another super buy on deck. I'm guessing that there won't be many, if any, shares on the open market by 12p tomorrow.
ThickAsThieves: gonna need a less-than-private bitcoin-denominated investor to move that one
nubbins`: but there's less than 50k left now, after those couple of huge buys
nubbins`: i think the original plan was 200k shares, in four tranches of 50k
ThickAsThieves: so they will just move the IPO shares to the market?
Duffer1: i.. why would they do that?.. wtf
nubbins`: tomorrow noon, i think?
nubbins`: somebody bought 100k shares today, too
Doctor_Andonuts: Tomorrow what time?
Doctor_Andonuts: Ahh, right. Thats what I ment
nubbins`: they announced earlier today that they're gonna cut the IPO short and start selling shares on the market tomorrow
nubbins`: CFIG's ipo is getting more curious by the day
nubbins`: hm. well, YOU told them, they just didn't listen
nubbins`: but nobody told that to the people buying at 1.14
ThickAsThieves: because that's what it's worth?
mircea_popescu: topace if i pay you a visit and show you how i give this guy you've never met fifty million dollars in fresh bills would you be in a much better position to see how private investorsa have paid fiat for whatever putative business than you are in this case, on account of at least actually having seen money change hands ?
Doctor_Andonuts: That's really cool to know, Thanks topace
kakobrekla: if that clears it up
kakobrekla: first line was srs, second was troll
kakobrekla: gottsta troll
topace: sure, but at some point, there needs to be some trust :p
kakobrekla: and that just a line of code
topace: kakobrekla: no, i've locked their accounts too :p
topace: also, CFIG has confirmed that the private investors will NOT sell _any_ of their shares on havelock, until CFIG is officially in operation (aka, its verifyable that people have opened accounts with them and deposited/withdrawn fiat)
kleeck: topace, much appreciated. Thank you.
topace: kleeck: no, the private investors are not limited
mircea_popescu: ThickAsThieves thestringpuller flushed
kleeck: Topace, are they being limited to 20,000 shares a piece?
kleeck: Thanks topace
topace: i can confirm that the private investors for CFIG did pay with USD directly to Crypto Financial, and crypto pushed shares on havelock into their havelock accounts.
ThickAsThieves: cuz they never changed price
Doctor_Andonuts: Not sure though, mostly speculation
Doctor_Andonuts: Maybe beecause it is still a true IPO and not open for trading
Duffer1: why aren't the cfig trades showing a - or +?
ozbot: BTC-TC: BTC Trading Corp - View Security
ThickAsThieves: but it's getting on the list
mircea_popescu: but look at the graph and it'll be pretty clear btc was made in that runup there, which was starting what, 1-2 weeks ago
jurov: my futures are reasonably liquid.. just that certain person gobbles them all
mircea_popescu: you want to make money on the dead horse ?
ThickAsThieves: is there any money left to be made betting yes?
mircea_popescu: how many people need to hedge exposures over hundreds of btc ?
mircea_popescu: the august diff bet is like 130 btc total pot.
matuszed: If there were maker taker I would quote all day
matuszed: If the futures were liquid I would quote on em
ozbot: BitBet - There will be blood
ThickAsThieves: i will add this to the list...
mircea_popescu: ThickAsThieves in principle there's not much keeping you from making any bets you want, two weeks, a week, w/e.
jurov: and more people willing to put their skin in
mjr_1: looks like gox is not the only exchange to fuck up
Duffer1: they would need aMUCH better engine than what they've got now
mjr_1: more liquid than nasdaq right now
ThickAsThieves: the timeframes are so far away
pankkake: but you have nothing to bet against
matuszed: Its got to be meaningful for a true mining operation
matuszed: and do the trades in size
matuszed: willing to step up
matuszed: there needs to be a market maker
ThickAsThieves: the biggest thing that stops me from bitbetting is small amounts of btc for large amounts of time
mircea_popescu: hedge tools too advanced yet.
matuszed: theyre the ones who should be trading those
matuszed: thats the better use
mircea_popescu: i guess one could arb the hash and the diff bets
ozbot: BitBet - BTC network hashrate will exceed 1,000 TH/s before December 14th 2013
Rulother: There's money to be had here
ozbot: BitBet - BTC network difficulty to top 69 million by end of September