890900+ entries in 0.633s
Chaang-Noi: if you use it for different
things fine, like garr
to run cog, and warner
to
troll whatever fine, but
to bid in own auctions and
that shit, yeah more
than icky
jcpham: kinda makes me
think
the person has a mental issue
jcpham: catching someone with a sock account just seems icky
to me
Chaang-Noi: i have
the
TyGrr-PR account but was only used once and
to
troll my gox
Chaang-Noi: he has more
than one accounts and is even
try
to say he is garr255
Chaang-Noi: even if
the averages is only like 30% invested returned weekly
Chaang-Noi: you ahve
to admit 50% of money invested a week is pretty solid
Chaang-Noi: it makes ,4% a month? it has made over 50% a week at
times. oh... you did not buy at
the ipo price i guess....
mircea_popescu: well it makes ~.4% a month and some people argue
that it does have a future,
that
they have a way out of
the commodified market
tarpit and other
things.
Chaang-Noi: how is it poor? do
they not have
the most money in all of btc land?
Chaang-Noi: i dont know, but it has made me enough fiat
to buy a ghetto
kakobrekla: that whole
thing is
too much of a ghetto
kakobrekla: its
too late from doing
things correctly from
the begining
kakobrekla: 6) As risky as it is
to invoke
the name of Litecoin (LTC???), we must apologize for not keeping everyone up
to date.
The fact is
that
the current situation means a continued delay, but for good reasons. We’re looking at July right now,
though
that depends on a few
things. Mainly, we want
to do
things correctly from
the beginning.
kakobrekla: say
that we made a difference in sorting it all out in
the early days. New exchanges, business models, merchants,
traders, and consumers are rising up
to innovate and create a whole new way of doing business. A lot of lawyers are getting new cars in
the meantime
too.
kakobrekla: ) Mt. Gox is certainly not a martyr, but it would be hard
to argue
that we aren’t "taking one for
the
team" as far as Bitcoin is concerned. We are a big
target, and are absorbing
the frustrations of Bitcoiners, regulators, banks, and a media
that still doesn't quite understand what Bitcoin is.
This is a job we are happy
to fill, and not just because we are compensated for it. Our hope is
that, once Bitcoin finds its place, we will be able
mircea_popescu: “Americans remind us for cutting short
the propaganda of sodomy among minors and at
the same
time
they stick
their noses into personal correspondence of
tens of millions of citizens”, Zheleznyak said.
mircea_popescu: ThickAsThieves it is
the future horizon of bitcoin management as a collective.
jcpham: bitcoin business are amazing
things in general
mircea_popescu: im not sure you're allowed
to be a bitcoin scam w/o
that.
Scrat: I doubt
that wire
transfers go
through an API
mircea_popescu: "japan's 2nd largest back was struggling with our volume.
they handle paychecks for all of japan fine"
ThickAsThieves: the
TLDR of
the Gox post = We are victims of our own success, you're welcome. Litecoin coming in July, maybe.
Jezzz: dunno. wasn't my
turn
to watch him.
ThickAsThieves: While not
the most in-depth update we'd like
to give, we hope
that it has at least clarified a few
things. In
the next few weeks we are planning
to do another AMA on Reddit when we’ll hopefully be able
to answer many more questions and also shed some light on what’s been going on at Mt. Gox
these past months.
Thank you for your patience and support.
ThickAsThieves: 7)
The new
trading engine is finished, is smokin’ fast, and is currently undergoing bench
tests. We’re looking forward
to deploying it very soon.
ThickAsThieves: 6) As risky as it is
to invoke
the name of Litecoin (LTC???), we must apologize for not keeping everyone up
to date.
The fact is
that
the current situation means a continued delay, but for good reasons. We’re looking at July right now,
though
that depends on a few
things. Mainly, we want
to do
things correctly from
the beginning.
ThickAsThieves: hope is
that, once Bitcoin finds its place, we will be able
to say
that we made a difference in sorting it all out in
the early days. New exchanges, business models, merchants,
traders, and consumers are rising up
to innovate and create a whole new way of doing business. A lot of lawyers are getting new cars in
the meantime
too.
ThickAsThieves: 5) Mt. Gox is certainly not a martyr, but it would be hard
to argue
that we aren’t "taking one for
the
team" as far as Bitcoin is concerned. We are a big
target, and are absorbing
the frustrations of Bitcoiners, regulators, banks, and a media
that still doesn't quite understand what Bitcoin is.
This is a job we are happy
to fill, and not just because we are compensated for it. Our
ThickAsThieves: 4) Every customer’s funds are safe, sound, and accounted for. In fact, in our dealings with
the Japanese financial regulators we have been assured
that we are not under local pressure or suspicion and can operate as usual within normal legal frameworks.
ThickAsThieves: its ability
to
transfer fast and securely
through software,
the rest of
the financial world does not operate like
that (contrary
to popular opinion). Money is surprisingly analog in many ways, and scarily digital in others.
ThickAsThieves: 3) Our previous release was rather vague, but for a reason. Mainly, we don't want
to upset our bank!
They do great work, but our kind of business is completely new
to
the banking industry. Processing international wires does not just involve pushing a button. It requires real manpower processing everything individually, even in
this modern computer age. While Bitcoin's power lies in
ThickAsThieves: We announced a suspension in order
to manage expectations while we deliver at a
temporary reduced rate. Our goal is
to have a new system set up in
the next weeks with clarity for both
the banks and for our customers.
ThickAsThieves: 2) We are now working with new banks and alternative methods for
transmitting money
to our customers.
This does not mean we are stopping entirely within
the next
two weeks, but it will be slower
than we would like. We are literally going
to use our manpower
to process withdrawals ourselves, manually.
This will
take more
time, but we are dedicated
to doing as many per day as possible.
ThickAsThieves: alternative method (hence
the suspension). We would have preferred
to give notice if we were able
to, but it was sudden for us as well.
ThickAsThieves: 1)
The problem with
the U.S. withdrawals (and even other currencies for
that matter) is
that our bank can no longer handle
the volume of withdrawals.
They struggled in
the last
two months, and
the increase due
to
the Dwolla separation has made it increasingly more difficult.
The pressure we brought onto
the bank’s resources finally gave in, and we are now working with
them
to find an
ThickAsThieves: we’d certainly love
to and are looking forward
to
the opportunity.
ThickAsThieves: The reaction since yesterday’s statement regarding
the
temporary suspension of U.S. dollar withdrawals has had mixed reactions, and raised more
than a few questions about why we had
to
take
this step right now. Rather
than be subject
to inaccurate speculation we’d like
to clarify some points here. Due
to pending matters we are unable
to get into everything in great detail,
though
Jezzz: i
think bait might be appreciated here also
ThickAsThieves: what if you just put assetbot in,
then we all fall in love with it,
then kako boots it,
then we all yell at kako,
then he gives in?
davout: read
that
too, lold hard
mircea_popescu: "In
the last 20 years, I can count on one hand all
the
times I've been accused of wrongdoing (all unjustified, with
the exception of one, for at night, all goats look
the same, and I swore he was one of mine). "
ThickAsThieves: joining AssetBot however, would get us all
the Bitfunder
tickers
davout: - i wasn't
talking
to you
davout: - here's
the cow i fuck when you have your headaches
ThickAsThieves: he always bleached his
teeth
to often
to he was always making
this weird skelton face from
the pain
mircea_popescu: and if
they protested i'd be all "but you know google, right ?"
ThickAsThieves: of course
the website already also appears elsewhere
too
ThickAsThieves: this is also like how people insist on having
this on
their business card:
ThickAsThieves: god forbid someone forwarded
the email mnight actually visit
the website
ThickAsThieves: they wanna improve
their mktg and
this is what
the y prioritize...
mircea_popescu: "High-Grade Structured Credit Strategies Enhanced Leverage Master Fund" possibly
the best name ever.
ThickAsThieves: the client
that wanted email signup in
their email newsletter "what I read from newsletter marketing is
to accommodate
those who are forwarded
the newsletter and
then want
to sign up. So, I
thought it was a great idea as people do
talk about our e-newsletter and we encourage
them
to pass it along."
davout: (i spare you
the spelling backwards for
the sake of both our mental sanity)
mircea_popescu: see, if you
take a credit and
then receive a letter from
the bank saying you are late on repayment
mircea_popescu: do you suppose soon enouigh we'd have a deal whereby it's ok
to send farts, but i have
to notify you when i do ?
davout: i don't
think so, because i don't
think
they're having issues servicing mtgox, i
think
their issues are more likely related
to getting pressured from lots of different sides
mircea_popescu: currently mizuho is eating a lot of overhead handling
the mtgox situation, exactly because
the reporting involved in
that pooling is being made more ciomplex and more expensive
davout: and
that's
the exact regulatory crux faced by exchanges, at least in europe
davout: why woudln't
they be ?
that's exactly
the kind of stuff banks do,
take money, pool it
together and decide what belongs
to whom based on
their books
davout: that
the funds are pooled?
davout: nobody said
they're going
to cut out mizuho, i'm saying
that it's
technically possible for correspondents
to filter out mtgox's flows but not possible
to freeze
the assets since
they are probably pooled by mizuho on a US account at one/many of
their correspondent(s)
davout: and
that's probably
the reason
their USD assets abroad didn't get frozen, because
they're not in mtgox's name, but pooled by
the mizuho at some random correspondent
mircea_popescu: buit
they ARE cutting mtgox's stuff. sooner or later mizuho will have
to say sorry you can't bank here.
davout: mircea_popescu: not sure about
that,
they don't accept mtgox's correspondence directly, but
the correspondence of
the jp bank