log☇︎
980700+ entries in 0.771s
Bugpowder: dunno if $73 is enough to mail my ID somewhere
nyRednek: Luke-Jr, the problem, if this person is in romania, prosecution is going to be nigh impossible
mircea_popescu: Luke-Jr you're obviously entitled to whatever construction you want on the facts.
mircea_popescu: if not then either... then maybe if btc goes super high
Namworld: so far... it's technically still accruing 0.005xxxxx per week.
mircea_popescu: yeah. i guess if nobody sues now they might once (if ?) bfl delivers
mircea_popescu: of course, things may be changing there, what did you pay gigavps, like .1 per share ?
mircea_popescu: actually i imagine the reason nobody actually sued with the rota is that nobody has enough shares that they value enough btc to bother.
Namworld: yes, the low amounts involved is an issue.
mircea_popescu: conversion is just a civil tort.
mircea_popescu: Luke-Jr the claim is at the very most for conversion.
mircea_popescu: Namworld i doubt anyone would use the legal system seeing how there's not enough to pay for a lawyer's initial retainer in dispute.
Ukto: not sure why.. in what way.. but that made me giggle.
Luke-Jr: "I'll rob a bank. If they don't like it, they can sue."
Namworld: They'd use the legal system over the rota if anyone was going to do this.
mircea_popescu: what's the problem ?
mircea_popescu: anyone feels they were damaged by me or mpex there's the rota, he can sue
mircea_popescu: but seriously, i'm all for it, i don't see why this needs the drama attached.
Ukto: its the "community" court basically
Ukto: generally for smaller things under 10k
Ukto: they just listen to two sides and make a decision
Ukto: here, a JP court does not follow technicallities. the judges are not lawyers.
mircea_popescu: all law is basically one huge technicality, for that matter.
mircea_popescu: Luke-Jr yes, well, what your standards for courtly competence are may differ from what the courts actually do.
Ukto: oh, i had no meaning whatsoever in that
Luke-Jr: a court that rules on a technicality is an incompetent court
dub: he's been there to get his kids back from CPS and his wife out of the lunatic asylum
Luke-Jr: mircea_popescu: I know they don't care about technicalities
Luke-Jr: mircea_popescu: do you seriously expect that to hold up in court?
mircea_popescu: for that matter, it was clear the bonds won't be "upgrading", either, and this long before the glbse implosion.
mircea_popescu: he hath not sent anything more than i distributed.
mircea_popescu: Luke-Jr the promise was i will distribute anything gigavps sends.
Luke-Jr: mircea_popescu: the point is you promised dividends from gigavps to people, then went back on it
Luke-Jr: mircea_popescu: whatever, if you claim there's a mistake in what I said, then explain
mircea_popescu: Luke-Jr not like this wasn't discussed to the end about two months ago.
Luke-Jr: mircea_popescu: AFAIK you just have to provide gigavps with evidence you're the shareholder in question.
mircea_popescu: Luke-Jr i can appreciate he has no other way forward, but that still does exactly nothing for me.
Bugpowder: There has been some organic growth in a varitey of mini-whales though
Bugpowder: 1 or 2 big whales made up most of the betting volume last month, they haven't been seen seriously betting since the second.
mircea_popescu: Bugpowder is jan = dec actual growth in the gambling market ?
mircea_popescu: i'm just one of the however many people not interested to deal with the newly created contract device.
Luke-Jr: EskimoBob: as I understand it, mircea_popescu created a phony stock to resell GLBSE shares, then forfeited those GLBSE shares for some reason at the expense of all the MPEX phony-stock holder
nyRednek: mircea_popescu, at the same time, those securities are rising faster than inflation
mircea_popescu: Bugpowder is that up or down from dec ?
Bugpowder: Bet volume is track at around 400,000 this month
mircea_popescu: On the positive side, dollar denominated securities of all sorts are slated to raise indefinitely, much past the point where a freshly printed thousand dollar bill won’t suffice to pay for one of the two freshly baked loaves of bread in all of Manhattan.
mircea_popescu: or to quote myself,
nyRednek: much better than bonds are doing atm
Luke-Jr: EskimoBob: gigavps wasn't behind the mpex "stock" IIRC
jcpham: the kids want the mountain dews
nyRednek: mircea_popescu, pepsico paid out 14% this year
mircea_popescu: nyRednek per month. it's huge if compared to pepsico
mircea_popescu: Bugpowder_ course, value investing theory says that doesn't matter if you're liquid
nyRednek: mircea_popescu, true...i was looking, and it's still 0.3% dividend atm
Bugpowder_: in this environment
Bugpowder_: nyRednek capital appreciation or depreciation is likely to be more than the dividend
mircea_popescu: nyRednek cost basis still matters. if you buy it at 75 you'll get about half what the ipo people got.
jcpham: or access to one
jcpham: i remember they were 90 days late because i was in #eligius when luke-jr had a dev unit
nyRednek: jurov, stock price is irrelevant to me, btw...i'm looking for divident percentage...and i can't really afford to play with pepsico and ge atm
mircea_popescu: dub were they ?
dub: I want to say there were taking preorders for fpgas in '11
jcpham: ^ that guy knows
jcpham: minirgs took about 6 months to materialize
jurov: nyRednek: but now doesn't look like the best time to buy s.dice
mircea_popescu: april, may, something like that
mircea_popescu: so it's not longer then :p
mircea_popescu: dub their first product announcement was spring 2012 neh ?
jurov: nyRednek: you are welcome on coinbr, the fees are explained right on frontpage (if you care to read, ofc)
jcpham: i wouldn't go out of my way to make introductions with strangers if i thought he was ripping people off
dub: if he is its the longest con in bitcoin
Bugpowder_: that are unrelated to scamminess
Bugpowder_: in the game
Bugpowder_: but there are of course risks
Bugpowder_: he is unlikely to be a scammer
jcpham: but the short story is that i do not believe mircea_popescu to be a scammer
jcpham: the faq used to have instructions
nyRednek: jcpham, so if i buy stuff, i'll probably go the brokerage route...i can't make heads or tails of the main site
dub: EskimoBob: wipe your chin dear the froth is goign to break your keyboard
jcpham: i sit in this channel for a reason though
jcpham: the real truth is that i'm an independent third party in this matter
jcpham: i'll be rich i tell you
mircea_popescu: jcpham kakobrekla. but srsly, what's the point of kicking people ?
jcpham: who the fuck is @ in this channel
nyRednek: EskimoBob, i actually trust jcpham's opinion, considering his activity in OTC
jcpham: so closer to 18 months now
mircea_popescu: the options page has been trading since august 2011. the exchange was beta'd in februyary 2012
nyRednek: dub, that is true
jcpham: i lose track
dub: nyRednek: considering the ease of throwing up a wordpress/bootstrap/lameCMSoftheweek its pretty hard to spot a scam on website appearance
jcpham: more than a year?
jcpham: mpex is doing good on the time metric
jcpham: time is the only indicator i have as a metric for scams
mircea_popescu: nyRednek the site that "looks like it's run like a scam" is older than most btc scams.
nyRednek: or just dump any securities i have that may be anyway linked with that exchange, considering that the site looks like it's run as a scam
Bugpowder_: TEAR DOWN THIS WALL
mircea_popescu: nyRednek well, maybe you should treat them separately. for what it's worth, what you call "pleasing to the eye" is, both for good theoretical reasons and proven through practice on record, a sign of poor credibility.
gribble: BTCUSD ticker | Best bid: 14.65000, Best ask: 14.71899, Bid-ask spread: 0.06899, Last trade: 14.73000, 24 hour volume: 39680.96425134, 24 hour low: 14.21001, 24 hour high: 14.73000, 24 hour vwap: 14.45482
Bugpowder_: Still haven't got all the shares back I dumped
jcpham: the brokerage can cater to you