992700+ entries in 0.726s
Diablo-D3: and Im pretty sure anyone can run one as long as
they comply with
the FCRA, FACTA, and FCBA
noagendamarket: even payday lenders have better default rates
than bitcoin loans lol
Namjies: The loaners would default and
the employees would defraud... I mean default
the bank further
noagendamarket: if a bank started offering bitcoin loans I wonder what
the default rate would be
Diablo-D3: Namjies: barring? fuck, banks dont exist
then
Diablo-D3: even when
the people have not missed a payment, a few months later a sherif shows up
to
throw
them out
Namjies: Good score says you pay on
time and don't overloan. It's a statistical indicator about if
the loaner is more or less likely
to pay back on
time.
noagendamarket: credit score doesnt say anything about your ability
to repay only
that you have not paid before
Diablo-D3: plus, in
the US (in every state but 2), stuff like credit cards are unsecured debt
Namjies: If
the rating is good, not necessarily 800 points,
they can attribute more points for credit rating I suppose.
Namjies: Well credit ratings include
those "stains" on your loaning habits.
Diablo-D3: why
the fuck are
they checking people's _credit_
Diablo-D3: mircea_popescu:
they could be paying for it
Diablo-D3: noagendamarket:
thats... not a good
thing
Namjies: Assuming any government would allow such smoother regulations where
they regulate only who can get issued into
their official market without regulating
trades.
mircea_popescu: for one,
they cost money. for
the other, pfff. who's btcjam
Diablo-D3: someone needs
to
tell
these guys bfl is most likely a scam
Namjies: Technically, even a regulated market could be issued on decentralized and have
their official app
tracking official deeds and for
trading.
noagendamarket: btcjam has 50% default rate and
they use credit checks....
Namjies: User still has
to investigate anything before purchasing.
Namjies: The difference is
that decentralized, data is not lost and public yet anonymous as much as
the user wishes
to be.
Namjies: I hardly see
the difference... anyone could do almost anything on GLBSE.
noagendamarket: its hard
to beat placing a lien on someones actual property if
they fail
to pay
Namjies: ownership deeds on
the blockchain
tools are not really developed yet
tho
noagendamarket: decentralized exchanges are far worse
than glbse disasters
Ukto: just disable
trading on
teh asset, and move
Ukto: yeah
to colored if
they wanted
Ukto: which makes it easy for ppl
to migrate
to
Namjies: colored coins would be
the best option as far as I'm concerned.
Ukto: Namjies: my system uses btc addresses
to publically list holders data live
Ukto: how well
that worked out
Ukto: noagendamarket: do you
think any of
the other agreements are any better?
Namjies: If I had
to use a platform, I'd probably use
the Belize based LitecoinGlobal/BTCT.co
Ukto: Namjies: alright. just wanted
to
toss it out. :)
Ukto: not
the graetest asset, but its better
than starting with 0
Ukto: has 1 asset setting up
to sell atm heh
Ukto: Namjies: would you consider BF if you decide
to keep btc-bond?
mircea_popescu: pigeons i don't even want
to see
the wave of mining bond failures if diff went down 80%
Namjies: Might still operate BTC-BOND
tho.
Namjies: Paying people back and closing
things, probably.
Ukto: what is your plans for
things at
this point?
Namjies: I don't
think so either. Seems like he chickened out and is error prone, but otherwise honest. Still, it's a mess.
noagendamarket: I dont
think hes scamming in
the same way patrick harnett is scamming over kraken
Namjies: Unless
they're all conspirating
together
the lists are probably accurate.
Namjies: From old users which pre-date GLBSE's closure
to
top it.
Namjies: and claims from before I received lists seems
to match.
Namjies: Not before. With
today's, He might be getting close.
pigeons: maybe with
today/yesterday's lists,certainly not before
noagendamarket: unless
they have
thousands of dollars
to waste for no reason
noagendamarket: why would anyone sue him if he has sent back most of
the asset info and btc ?
mircea_popescu: but in
the event of an ulterior lawsuit if it
turns out he changed his name it may spell additional
trouble.
noagendamarket: unless hes got an a ctual lawsuit hes free
to do anything
mircea_popescu: i mean it'd be
technically fraud, you can only change your name by poll if you're not doing it
to escape debts etc
noagendamarket: I
think james will need
to change his name by deed poll if he ever want5s
to open another business
mircea_popescu: lol maybe he
takes it seriously and never mentions bitcoin again.
mircea_popescu: ahahah
this entire caldwell whining
that
the
transcriber didn't censor
the ums is really hysterical
kakobrekla: coins at 1osama havent been moved in long
time
noagendamarket: after all he demolished a couple of buildings for
them
dub: someone: you know bitcoin could be used
to fund
terrorism
dub: I assume
the CIA are either content
to let us marginalise ourselves for
the moment, or using bitcoin
themselves on a scale
that warrants leaving it alone
noagendamarket: may as well finish it off with a right hook
to
the jaw
dub: why bother when Pirate and Amir are doing
the job for
them
noagendamarket: I mean
techinically
theres nothing stopping anyone doing
that
noagendamarket: then
they can make a song and dance about bitcoin funding
terrorism in
the senate
noagendamarket: I wonder why
the cia hasnt setup a hamas donation fund for bitcoins yet
mircea_popescu: i wasn't expecting
that
today's portion of drama would come out of
that obscure youtube
kakobrekla: >In fairness, I can't spell your name either, Mr. P can't, your name is just
too much
to spell.
dub: I need
to uniognore inaba
to see
that :(
mircea_popescu: kakobrekla cock is usually hard
to swallow, especially if it's one's first
time and
the
thing is as
thick as mine.
Namjies: I suppose
the situation can be interpreted both ways as such.
Namjies: When you pay someone,
the other might be in charge/making decision.
mircea_popescu: again,
there's not a rule
that he who pays is in charge.
mircea_popescu: in
the other example, money or sex and skill are each valuable.
mircea_popescu: Namjies money and sex, in a simplified consideration, are both valuable.
there's not a rule
that he who has
the money is in charge.
mod6: For coding,
the developer kind of prositutes work for money. << Is
this not
true with any service based industry -
Time & Services for Capital?
jcpham: noagendamarket in
the comments at
the bottom he admits
to mining bitcoins
Namjies: Pay
the other for something
they have.
mod6: but
to each
their own, everyone has got a way. and i'd say further
that when leaving
the ways of
the layman behind, you have
to adopt more efficent
tools
to help you compete in
the market place.
Namjies: The marrying example,
the woman kind of prostitues herself for
the guy's money. For coding,
the developer kind of prositutes work for money. And not
the other way around.
The guy hiring
the dev is more like
the rich guy, not
the woman marrying it.