907200+ entries in 0.635s
mircea_popescu: ThickAsThieves i
think
the only sane way
to actually have asicminer listed is for friedcat
to come
to his senses and sign an actual contract.
ezdiy: who back mp's pt,
thats it
ezdiy: ThickAsThieves: you have
to find
the original investors
mircea_popescu: ThickAsThieves it certainly wouldn't be for an exchange
that doesn't offer signed proofs and doesn't use gpg contracts.
ezdiy: well, generally its
termed GLBSE hell
mircea_popescu: the exchange imploded,
the guy changed his contract, it died a horrible death.
mircea_popescu: benkay
there was a pt
to gigavps's bond
thing last year.
mircea_popescu: in principle.
tho
the only
time i
tried it ended up poorly.
mircea_popescu: ThickAsThieves clearly as
the noobs got free out of
the cook's control...
ThickAsThieves: they gave up
the cook for yourself part in
the 1st week
jborkl_: it would go broke also cause
the cooks suck
benkay: do some
things for yourself
ThickAsThieves: I actually helped with
the branding for a such a kitchen
benkay: but shit learn
to cook
benkay: take
the shares
to an exchange
benkay: but
that's your own kitchen,
though
mircea_popescu: i just scared myself
thinking of
this restaurant where a bunch of people cooked
themselves
mircea_popescu: and cooks. you COULD go in
the kitchen and make your own pie.
ezdiy: every
time noobs want
to roar free out of his control hes close
to passing out
mircea_popescu: this is fundamentally a braindamaged notion,
that disintermediation is always good.
benkay: I just have
this silly desire
to disintermediate all of
the
things.
mircea_popescu: ie, a
trusted
third party
to make
the
transfer once you're dead.
ezdiy: where most of
tech discussion
takes place
jborkl_: you can use mpex as a payment portal
to other members. a instant exchange with PUSH.
the possibilites are numerous
Tritonio_: ezdiy, I"m
trying
to find
the latest client
that supports colored coins. I'll grab it from
the forum instead just
to be safe...
benkay: how would I go about sending some shares
to my kid, someday when accounts are ludicrously expensive?
ezdiy: Tritonio_: bitcoinx is super alpha stage, no fucking clue why are
they so aggresively pushing it :(
ThickAsThieves: i do
think mp runs
the most secure and verifiable exchange
ThickAsThieves: as in, if Erik sold
the company, is
the money split out
to all shareholders?
benkay: gonna give you a virus
tho
ThickAsThieves: I forget, does SDICE stock give you a piece of
teh company or just profits?
benkay: it's run by
the bitcoinx guys
mircea_popescu: for
that matter you don't have alodial
title on your real estate, either, it's fee simple
mircea_popescu: benkay specifically what it says on
the box. a share is NOT real estate.
jborkl_: you can do anything you want with
the fucking receipt.it is your certificate
benkay: oh
that's a cool claim, what do you mean by
that mp?
jborkl_: you are going
to give mp a stroke
ezdiy: doing it different way would be
too burdensome on issuers
ThickAsThieves: i agree
that
the state of proof of ownership on other exchanges is certainly questionable
mircea_popescu: you don't "directly" own any sharesd in
the entire history of equities
benkay: market mechanics around p2p exchanges are going
to be silly and decades away if ever extant
ezdiy: its
true you dont directly
the shares
ezdiy: i
think mp is
the only one bothering with actual signed proof of purchase, on bitfunder its like row in a database which is much worse
mircea_popescu: ThickAsThieves you know, between (mpex, nasdaq) it's nasdaq
that most recently rolled over
trades.
ezdiy: ThickAsThieves:
they just pt each other
ThickAsThieves: not
to be a
turd, but mpex has shown in
the past
that it does not provide actual receipts of purchase, only confirmations of purchase orders
benkay: i don't want paper
though, i want a cryptotoken I can send
to someone else
mircea_popescu: look, if
there's enough people like you you can actually make a special mpex account,
ezdiy: benkay: but
the vendor lockin and hoops will be always
there, not just on mpex
mircea_popescu: this is in numerous ways better
than
the p2p ledger
thing.
mircea_popescu: or, if you prefer, a signed push receipt
to some designated acct.
ezdiy: benkay:
the ricardian ledger is actual proof of ownership
though
ThickAsThieves: he wants a share
that is independent of mpex yet honored
benkay: what do you claim is
the MPEx equivalent
to
the printed piece of bs i get from pepsi?
mircea_popescu: the problem is absolutely and completely solved and you're like... hitting yourself in
the head with
the solution.
mircea_popescu: i completely fail
to understand what you're after here
benkay: what do I get when we're all satisfied
that
the shares are in my posession?
ezdiy: again, if you confront mp with
that, youre stupid and dont understand markets etc
ezdiy: and at certain point bug friedcat
to change his db
ezdiy: you can bug
the actual owner who have
them on mpex, whoever
that may be
benkay: jump
through a million hoops
benkay: totally sufficient proof
to me
that i own a stake in a publicly
traded company.
benkay: i was
thinking a symbol representing
them, cryptographically signed
to me
benkay: i can't ask MP
to send me my S.DICE shares, I don't
think
benkay: and stock in
these companies needs some sort of owner-controllable features
benkay: colored coins might be a good way
to keep exchanges honest when
trading assets between
the
mircea_popescu: this is for some reason a widely held mistaken belief. people who are clueless are called "idiot with a power
tool"
ezdiy: mircea_popescu: people who are clueless about finance are called 'liquidity'
though :)
benkay: it's be a neat
thing for a bunch of nerds who own shares in an REIT
to pass
them around
benkay: exchanges are a good way
to do
that
mircea_popescu: finance is a matter of having
the fucking people competent in finance.
benkay: you gotta gain
the
trust of people somehow
to legitimate your biz-mod
mircea_popescu: how about a decade or
three after citizen dentistry becomes
the norm.
ezdiy: nah, implementations are already
there
benkay: we can
try it in a decade or
three
ezdiy: decentralized is kinda way
too new