log☇︎
995200+ entries in 0.733s
mircea_popescu: it's two months late, to boot.
mircea_popescu: you are the issuer. you receive a "list" which someone meanwhile tagged as a scammer says is not complete. what do you do ?
EskimoBob: pay back the double payment
mircea_popescu: so what are they to do ?
EskimoBob: James told issuers that this list is NOT! complete
EskimoBob: like usagi did to me?
mircea_popescu: can he go "sorry, you're not on the list" iyo ?
EskimoBob: i do not think so. He probably gor incomplete list because some did not send the double payment back
mircea_popescu: from what he's said (above) he has some grounds to suspect it may even have been tampered it, or might have been.
EskimoBob: he changed the rules, demands info he has no need for etc
EskimoBob: how is he fixing this shit now with that bs he posted?
mircea_popescu: well, what he's doing now is trying to somehow fix it. he has scant alternatives and so he's stuck with lawyers.
EskimoBob: question is, who will be the next greedy fuck, who pulls something similar
EskimoBob: so what, this will note excuse what he is doing now
mircea_popescu: everyone did, cause it was fashionable to do at the time.
mircea_popescu: so, yea he relied on glbse. guess what ? his investors did too.
mircea_popescu: well for everyone else it is. it was foresight for me bacvk then, but anyway.
mircea_popescu: he wanted to give everyone a chance or w/e
mircea_popescu: in retrospect it was a bad move. what can i tell you.
mircea_popescu: listen, EskimoBob : back in april he was under a lot of pressure (from me) to not even go ahead with the glbse listing.
EskimoBob: for some reason I think that he made it up and asked some slimeball to write that letter
mircea_popescu: if he had the sense to never move to glbse
pigeons: he's the only one trying to pay people
EskimoBob: why do you say that? He had no problem taking the coin in the first place
mircea_popescu: doesn't seem he had much in the way of choice.
EskimoBob: so, gigavps managed to show his real face and fucked everyone over...
EskimoBob: you can keep your cookie, you two keep licking it :)
EskimoBob: looks like you two are having your early morning wankerfest
mircea_popescu: like... tittish blue.
mircea_popescu: my friends all fuck chickens and then eat their bills...
mircea_popescu: well so then let god pay for pils.
Diablo-D3: jcpham: WHAT THE FUCK DOES THAT EVEN MEAN
Diablo-D3: they have pills for that
Diablo-D3: >too old to get it up anymore
jcpham: distribution and retail aren't the same
mircea_popescu: ill prolly sell mpex and dedicate myself to woman milkfarming on the webs.
mircea_popescu: you know when i'll be old and unable to get it up anymore
jcpham: dunno about wholesale though
mircea_popescu: sell to japan
Diablo-D3: wait wait wait, I think japan has a thing for this
mircea_popescu: get milk shipped in from all over the interwebs
Diablo-D3: mircea_popescu: might be cheaper to just get a woman pregnant
mircea_popescu: this is like... a good price i think
Diablo-D3: I swear to god Im going to buy another machine just so I can put 16gb of memory in it
gigavps: after they have closed
gigavps: to put 100% faith into the list is like relisting with glbse
mircea_popescu: yeah. one major issue to the entire scheme, that.
gigavps: the other reason for the claims process is so no one can collude with nefario to defraud gigaminers and get away with it
gigavps: gigaminers shouldn't have to conceed to nefario's incompetence
mircea_popescu: i didn't realise "incomplete" means... two thirds or less.
gigavps: it's one of the main reasons for having a claims process in the first place
gigavps: mircea_popescu the list is incomplete
PsychoticBoy: my other account is on the list, but yes the list is incomplete
mircea_popescu: or whatever, the lists.
mircea_popescu: so neither PsychoticBoy nor bixcoin is on the list... gigavps you sure that list is actually right ?
mircea_popescu: "Hi bixcoin, I have good news for you. The email address in your bitcointalk.org profile is not in the list sent from GLBSE so you have nothing to worry about!"
Chaang-Noi: cuz lawyer fees you can add two 0's to that...
Chaang-Noi: i dont think this court case is going to really do anything but fuck over everyone involved in it with legal fees
Chaang-Noi: the coin is at gox, and they are not being sued... and also tihan has control of the gox account now, and he is not being sued
Chaang-Noi: i talked to him about this.
mircea_popescu: then again... maybe it's not his this time either.
mircea_popescu: course last time it wasn't his
Chaang-Noi: i personally think he is getting fucked over by his lawyers
mircea_popescu: ya well not the fiest time he spent huge amounts on useless shit
mircea_popescu: it will remove Y anyway, cause of insolvency of Y. so the motion is toothless in all respects.
Chaang-Noi: yeah, that is what im saying.
mircea_popescu: looky : someone sues X, Y and Z. X files a motion to quash the suit because Y can not be sued in tha jurisdiction.
Chaang-Noi: yea im not talking about the suit, in talking about the newest motion
mircea_popescu: but the suit is not just against bitcoinica.
Chaang-Noi: i dont think you understand what im saying.
mircea_popescu: so it'll be just amir, patrick and co plus does 1 through 99 plus nefario.
mircea_popescu: and besides, bitcoinica is getting taken out because of insolvency
mircea_popescu: court won't quash a trial that names him just because it names some foreign corp
Chaang-Noi: i dont think many people know this, its not on the forum...
Chaang-Noi: yeah he is fail, but the motion is to toss the case cuz he is saying the bitcoincia customers can only sue in NZ cuz TOS said so...
mircea_popescu: he's not the first one to die bankrupt cause he was sure he'll get his legal fees back
Chaang-Noi: that is why there is a motion to quash...
Chaang-Noi: i dont think it will go far, but phantomcircuit is 100% sure he will get paid his 60k usd legal fees...
mircea_popescu: Chaang-Noi the trial is in sf not nz
mircea_popescu: true. it'll take a statement of some sort or i dunno
Chaang-Noi: they are saying the TOS says tehy have to sue in a NZ court so suing in SF is fail...
gigavps: mircea_popescu the initials of my business are in my handle
Chaang-Noi: they are trying to get out of it cuz they are not in NZ...
Chaang-Noi: i meant this "MOTION TO QUASH SERVICE OF PROCESS FOR LACK OF PERSONAL JURISDICTION"
mircea_popescu: was announced the week it was filed
Chaang-Noi: im not as in the loop as i once was, but iv not seen it posted anywhere...
Chaang-Noi: how public is this? http://webaccess.sftc.org/Scripts/Magic94/mgrqispi94.dll?APPNAME=IJS&PRGNAME=ROA22&ARGUMENTS=-ACGC12522983
mircea_popescu: gigavps https://bitcointalk.org/index.php?topic=127488.msg1354381#msg1354381 did you read that ?
Diablo-D3: so its not like the community has many options here
Diablo-D3: DMC cant sue nefario, and the only thing DMC do is make sure nefario never gets another chance to fuck people
Diablo-D3: if they dont want to fight for their investment, then I cant help them
mircea_popescu: "ALL current exchange operators, including those who make several thousand dollars a month, are small peanuts, and will come under this pressure." that sounds a little nefarious.
mircea_popescu: they all fling shit if they have to buy on their own a post stamp
mircea_popescu: forget "the community". the community is a bunch of howlers, they all turn out if there's a catered party.
Diablo-D3: not if the community wants to make a point
Diablo-D3: in the end, it still causes him massive legal trouble and essentially bankrupts him
Diablo-D3: and people can fight that as well
Diablo-D3: he'll have to keep showing up to court and the moment he doesnt he loses
Diablo-D3: mircea_popescu: oh no, its just going to ruin him financially
mircea_popescu: i mean the math of multiple independent suits. do you think courts work by ballot ?