log☇︎
939300+ entries in 0.67s
mircea_popescu: that's the old thread i quoted
pigeons: i wonder if bakewell is the guy's rea; name
toffoo: nevada is pretty good too (for registering, not potatoes)
mircea_popescu: "Looking to borrow 600 BTC @ 3.5% weekly ianbakewell" << heh
mircea_popescu: and for speed and cheapness and really... that's what delaware does
tiberiusiv: yes for tax and secrecy
ChaangNoi: i would say it is not exactly like glbse and theymos unless there is stuff going on i dont know about
mircea_popescu: msot everyone registers there
tiberiusiv: how convenient they register in delaware
mircea_popescu: lmao! this is TOTALLY glbse all over again
ChaangNoi: he said he was going to kick me but never did, he backed down
ChaangNoi: i called nefario a scammer before he kicked me, and 6 months before that i would not give him my id cuz i said he could not be trusted and his site was not safe.. the forum posts are still there
mircea_popescu: toffoo that's a point.
toffoo: i'd say the forum is < 1 week
mircea_popescu: what the fuck do you think, my memory is three months long like the forums ?
ChaangNoi: lol you forget when he tried to kick me before?
mircea_popescu: stop trying to alter history on me, i won't let it pass.
mircea_popescu: no. he promised an exchange, he failed to deliver it, never mentioned it again
ChaangNoi: mp he might have started to make one, but found it not safe or that he was too busy making asics to finish
mircea_popescu: ChaangNoi bitch, quit it. you were his main supporter back in september when i was the only one saying this
mircea_popescu: actually... promised to.
mircea_popescu: ChaangNoi this fails to explain why he said he was making one.
ChaangNoi: he is not in the business of making an exchange, his skills is making asics, or if he can do both, the better money for his time is asics
mircea_popescu: they're still 1-2k btc locked in there aren't they
mircea_popescu: it was obvious to me glbse is going to shit, and so i saw myself forced to make an exchang
mircea_popescu: anyway, at about the same time asicminer got started i wanted to list mpoe.
ChaangNoi: i have no problem with the way he is doing things honestly
mircea_popescu: no, he just thinks he doesn't have a clue about such matters.
toffoo: actually asicminer was way ahead of the game in predicting glbse's demise ...
ChaangNoi: he thinks at this time there is not a safe exchange to list at
mircea_popescu: this doesn't mean anything about the world
mircea_popescu: yeah, he misjudged glbse at that time.
ChaangNoi: the time he spends on that is better than a second glbse fail
ChaangNoi: he is letting us trade the shares, he is letting us do PTs
mircea_popescu: the time/effort he put into handmanaging email transfers by now is an eyesore in his books
ChaangNoi: he wont sell shares if the price is .001 or 20 btc he does not need an exchange
mircea_popescu: that's besides the point.
ChaangNoi: he and many of us, are in it for the dividends, not share price
ChaangNoi: his goal was to get the money to make the stuff, he has it, he could care less about the share price as he will no longer sell shares
mircea_popescu: and got himself stuck and with no time to handle things.
mircea_popescu: had some "helpers" of the typical sort doing an exchange
mircea_popescu: honestly i think he failed to uinderstand that operations is just piece of the pie, not the whole pie
ChaangNoi: it is susspected nefario took some of the shares and claimed them as his own,
mircea_popescu: i don't think he is either.
ChaangNoi: i dont think he is scamming, he just does not want a second glbse fail, this is him making sure he wont lose money again
ChaangNoi: that is why i think it is very hard to short this stock
mircea_popescu: there's no practical way to do stuff like shorting unless there's functioning markets.
ChaangNoi: however it would be hard to find an average price
Namworld: I just really wasn't expecting GLBSE to go down.
mircea_popescu: yeah but as i said above, "<mircea_popescu> toffoo yea well, i wouldn't borrow mystical "asciminer" shares. i'd borrow actual tradeable instruments."
Namworld: Yeah. I got a whole BTC to show for that contract >.>
ChaangNoi: well asicminer is still traded just otc and not on an exchange.
ChaangNoi: did you pay the 1 btc?
tiberiusiv: along with trades
mircea_popescu: yeah about ten minutes or so roughly.
ThickAsThieves: is that on a schedule or?
mircea_popescu: ThickAsThieves then nothing ? or what you mean
mircea_popescu: nued or are no longer traded in which case a token payment of 1 BTC shall be suf
mircea_popescu: price during the past five days, except if ASICMINER should have become disconti
mircea_popescu: the 19th, 2012, or at his preference pay their value calculated as the average
mircea_popescu: "And that the Lendee shall cause the shares be returned to the Lender on December
ThickAsThieves: when mpex call options book is empty, then what?
mircea_popescu: yes well that doesn't work too well for contracts.
toffoo: so you covered a long time ago?
mircea_popescu: did you actually read that thing ?
mircea_popescu: i did sell them, yes.
toffoo: so you didn't sell the shares you borrowed?
toffoo: mircea_popescu: so did that trade actually happen?
mircea_popescu: Bowjob i wouldn't be borrowing btc to unheard of ppl.
ChaangNoi: loaning btc is just asking for it to be gone...
ChaangNoi: are they even still forsale?
Bowjob: he seems to want an avalon 3
Bowjob: still deciding if this guy can be trusted or not
toffoo: lemme take a look at that ...
tiberiusiv: whatever happend to this?
toffoo: it was the cp risk considerations that I didn't like
mircea_popescu: toffoo a good starting point would be the old short contract i made for public use
toffoo: and maybe came up with an idea that makes more sense (for both parties)
mircea_popescu: well as a rule of thumb, if loaning them isn't a good idea selling them usually is a good idea.
ChaangNoi: have you seen the bids on the PT's ? not many, also when it is time to buy back, you might not has the asks... this might not be a good thing to short (if you do a pt)
toffoo: but i thought about it a little deeper today,
mircea_popescu: what sort of term can you live with ?
toffoo: I was thinking about it too (loaning them)
mircea_popescu: i dunno, a few thousand ?
ChaangNoi: i thought about it, but i did not think the pay off of 1% or so was worth the risk of putting them on an exchange
toffoo: how many are you thinking of shorting? (roughly)
mircea_popescu: not sure what his thinking was exactly.
mircea_popescu: toffoo he made a fool of himself, as in, went all tough into offering them but then failed to actually go through.
toffoo: has anyone made you a real offer to loan them? INAU?
ChaangNoi: most of the volume of asic miner is traded otc on the forum
mircea_popescu: toffoo yea well, i wouldn't borrow mystical "asciminer" shares. i'd borrow actual tradeable instruments.
ChaangNoi: asicminer is not listed on an exchange, it is not publicly traded, the stuff on the exchanges are just pt's sorta
toffoo: the liquidity on the two passthroughs is low (especially on the bid side)
tiberiusiv: toffoo: on the exchange they trade at
mircea_popescu: wherever they are
mircea_popescu: toffoo i'd have a broker sell them for me.
toffoo: if you could borrow them, how/where would you sell them?
mircea_popescu: toffoo only in the sense bugpowder is now also looking for shares.
mircea_popescu: they're what cavirtex aspires to be. banking partners and all.
toffoo: mircea_popescu: have you gotten any further along in trying to short asicminer?