log☇︎
987200+ entries in 0.643s
EskimoBob: i had only few shares of this crap for lulz, so I do not really care
Namjies: Considering it's one of the most trustable business out there, that 1% is still good.
Namjies: But you could easily calculate and know that if you read before buying.
EskimoBob: I guess it's all OK then :)
Namjies: It's not, so no scam there. SD was paying about 1% per month.
Namjies: No, I think EskimoBob was simply under the impression the rest was claimed to be treasury stock when it's not.
mircea_popescu: there, not even three months.
Namjies: The rest of the shares were never treasury stock.
mircea_popescu: Sep 04 22:47:33 <usagi> I know more about finance than you could possibly understand mircea
EskimoBob: thestringpuller: I am not a troll at all. If you do not understand, why you got fucked, sorry
Namjies: He's still entitled to any interest on shares not sold.
Namjies: EskimoBob, there is nothing wrong in all of this... SatoshiDice was already an established business. It went public with 100 million shares owned by Evoorhees since he owns his business. Buying shares of S.DICE means you buy an interest in SD off of him.
thestringpuller: eskimobob why you such a troll?
EskimoBob: mircea_popescu: talk about yourself :)
mircea_popescu: usagi thing. clueless stupidity acting as if it knows shit.
mircea_popescu: you don't like it, stick to making mud pies or w/e you're making.
EskimoBob: mircea_popescu: usagi thing? And hat is that?
Namjies: Plus no part of the 100 million shares was ever treasury stock.
mircea_popescu: the largest revenue generator in btc, is what you have there.
Namjies: EskimoBob: it was, by evoorhees, for initial development and servers... that's still financement.
EskimoBob: he pulled a number out of his ass, mircea_popescu helped him to sell this garbage and now you have, what ever you have there :)
kakobrekla: shuuttup smickles almost got the shares.
smickles: Anduck: if you look at the chart, this happend a couple of times already and it recovered within 24 hrs
mircea_popescu: it's funny watching EskimoBob doing the usagi thing
EskimoBob: Namjies: you kno what treasury stock is and why shares have that "status"?
Anduck: big 0.1 bets to <1 handle winning streak incoming
Namjies: That share didn't finance the whole of SatoshiDice. SatoshiDice was already financed.
Namjies: Otherwise, what, someone buy one share and no one else and that person gets everything?
smickles: Anduck: someone just sold a bunch, for personal reasons it seems because there isn't any bad news out there
kakobrekla: yes they are worthless
EskimoBob: smickle, I am not upset at all but who keeps the divs on shares not sold on IPO?
Anduck: well uhmm whats happening to SD?
Anduck: i just happened to notice it at 00:00
Namjies: EskimoBob, the dividends shown on MPEx is for 10 million shares.
smickles: Anduck: you fins celebrate the 22nd?
EskimoBob: fuck, this IPO is even bigger fuck up than I ever imagined
EskimoBob: sure but the ones he has not sold in IPO can not get divs or ...
Namjies: Evoorhees keeps 90% of revenue, the 10 million he's selling is for 10% of revenue.
smickles: EskimoBob: the other 90000000shares are not treasury stock
Namjies: So no more shares to split. Beside, each share represent 100 000 000th of SatoshiDice income.
mircea_popescu: it's always been divided to 100 mn
EskimoBob: mircea_popescu: are you telling me, that they can not sell any shares from III ?
mircea_popescu: no there won't lol.
smickles: it should pop back up soon tho
EskimoBob: do the math. There will me more shares outstanding to share the income
mircea_popescu: EskimoBob next div day its projected to pay as much as TOTAL so far.
EskimoBob: smickles: next div day will not be as nice as those so far
mircea_popescu: what's it projected to pay anymore ?
smickles: whoever got that 1394btc worth at .0014 should be happy
kakobrekla: i took the bid out.
Namjies: I wanted to have bids in...
Namjies: Why didn't I have more BTC available for this!
Diablo-D3: if its not a large fraction of the missing 300 some shares, why bother me over it
kakobrekla: seems to be right thing to do
kakobrekla: one would need to resend
mircea_popescu: a broadcast transaction pretty much never dies if i understand this correctly
FabianB_: depends on the miner (or pool), different pools implement it differently i think
Namjies: a transaction with an higher fee has priority over the same output with a lesser fee, I believe.
thestringpuller: but when will the original transaction die?
FabianB_: thestringpuller: make a new transaction with a fee
thestringpuller: what if a transaction never gets put into a block?
mircea_popescu: Namjies ya, i wasn't too careful.
Namjies: For once that could potentially have been applied to MPEx
Namjies: There wasn't much in that quote other than money was lost and the business was attempted to be kept afloat to recoup loss through fees or something like that.
gribble: BTCUSD ticker | Best bid: 13.47429, Best ask: 13.56797, Bid-ask spread: 0.09368, Last trade: 13.47425, 24 hour volume: 29638.17165934, 24 hour low: 13.41999, 24 hour high: 13.64750, 24 hour vwap: 13.54771
mircea_popescu: o, the bitcoin-market.eu it was.
Namjies: or the failure statement including things that you're not even in business in.
Namjies: I usually understand that by the immediately following statement mentionning that X business is going down.
mircea_popescu: i forgot the quotes again
mircea_popescu: IF we decide to liquidate (ie no other alternative is presented) be aware that the debt to enterpoint is larger than our current liquid assets, and the liquidatable value of those other 4 boards isn't very high with ASICs around the corner. Ideally another alternative will be possible. We'll see in the newyear.
mircea_popescu: C) Some other alternative I haven't thought of yet.
mircea_popescu: B) Someone else will need to pick up the torch and continue operation (At the vote of shareholders).
mircea_popescu: A) BTCSYN will be shut down, and we'll figure out a sane way to do that (liquidate and pay out to shareholders using this list)
mircea_popescu: So this means either:
mircea_popescu: This doesn't mean that it's doom and gloom. (though we've had plenty of that already). What it means is that I won't have time to maintain the miners, keep things running, or run the sites/infrastructure.
Anduck: except the final part, that one i got
mircea_popescu: join the clubn
Anduck: mircea_popescu: the first comment. i understood nothing
mircea_popescu: "or you can cover your debts with a loan from yourself by this EU third party whom mystifies stuff, which is state business again.. and any government is fraudulent."
Anduck: + they talk horribad english
mircea_popescu: lmao this is today's top comedy
mircea_popescu: works out to like -99% API ? lol
JWU_42: but not something that gets me excited to lend
kakobrekla: its more useful for btc than anything else
mircea_popescu: i thought you said above this data is market orders only ?
mircea_popescu: a trade can be eitgher limit crossing limit or market crossing limit
kakobrekla: if one buys at market its obvious that on the other side there is a lmit order to be filled
mircea_popescu: how do you even distinguish market from limit orders on mtgox, do they mark them in some api output ?
kakobrekla: its actual trades that happend with market orders
kakobrekla: its trades
mircea_popescu: orders rather than actual trades
mircea_popescu: o, well if its +delta then sure.
JWU_42: rules isn't the best word choice
mircea_popescu: JWU42 obviously not actual rules, just tendencies
JWU_42: Then I break the rules
mircea_popescu: not the other way around
mircea_popescu: the buyers are many and small timers, the sellers are few and sell large chunks
mircea_popescu: nah cause people don't want the kyc
JWU_42: I would think the opposite - most epople sell via mtgox as price is highest (generally)
kakobrekla: is about the direction of trade