OneMiner: DMC is no more?

OneMiner: WTF? I'm so confused.

OneMiner: Is there a link that goes with this?

OneMiner: I'm curious, under what authority/conditions can assets be siezed and new admins installed?

OneMiner: I'm trying to wrap my head around this.

OneMiner: Do you have a statement on the claim that you were devaluing DMC?

OneMiner: What is that based on?

OneMiner: I've missed them.

OneMiner: I'll scroll up.

OneMiner: Ya, I took one look at them and cringed.

OneMiner: It's a bet that network hashrate will reduce. Fixed mining is a hedge.

OneMiner: Now that sounds scammy.

OneMiner: Well, snap. In the event of a default there wouldn't be mining hardware to sell. Yikes. I'll ask for pics if I decide to invest in one of these. :P

OneMiner: Wow. So, prices were falling like rocks. You liquidated hardware (?) and then nefario steped in?

OneMiner: I see I see, so you raised more capital by releasing bonds. Diluting the market and then nefario steped in.

OneMiner: Arrgh

OneMiner: lol

OneMiner: Sooooo, because you sold assets (owned by DMC) in preperation for some future move, he's siezed the BTC that DMC had in GLBSE? Do I have it right now? I'll feel stupid if not! D:

OneMiner: Ah ha! So he siezed all DMC assets that took the form of bonds. In other words, everything of DMC's he could get his hands on.

OneMiner: Wow, the more I hear the more screwed it sounds.

OneMiner: Is there some kind of agreement I can read concerning this process?

OneMiner: Not agreement, documentation I mean.

OneMiner: You know, like under what coinditions this kind of action can take place.

OneMiner: Perhaps this can go another way? Is it possible that there's a middle ground here?

OneMiner: Nice art. I likes.

OneMiner: What I don't get is how everybody knows who is competent or not? Maybe it was ham fisted or maybe it was a super slick move.

OneMiner: To hear diablo explain it the assets he sold were loosing value quickly. He also alludes to future contracts.

OneMiner: Not that I know but it suggests to me that there was a plan at the least.

OneMiner: mircea_popescu I remember that. Seemed like a way to generate hype.

OneMiner: Momentum gaining move.

OneMiner: nefario right. May I ask what their complaints were? Could the vote have taken place without the suspension?

OneMiner: Ok. Is there a deadline for voting yet?

OneMiner: I see.

OneMiner: .05 !

OneMiner: To be fair Diablo couldn't have made a DC with the funs he got from the IPO. He said he was going to make a DC and mine. He ended up mining. Seems truthful to me.

OneMiner: s/funs/funds

OneMiner: Ya, exactly. With the funds that you got the DC part of the plan was impossible.

OneMiner: At this time.

OneMiner: IMO...

OneMiner: It makes sense to me that when the funding that was required for plan A can't be raised you move on to plan B. I remember Diablo-D3 talking about buying bonds too. I'm sure he has been upfront about it.

OneMiner: agath I believe he stated in the past that he was holding bonds to try to gain some value untill ASICs dropped.

OneMiner: agath they always were. It's a forgone conclusion. If bitcoin succeeds then there will be ASICs. The only way there won't be is if bitcoin flops, in that case we are all out our investments.

OneMiner: agath that's silly.

OneMiner: Damn, I'm going to bounce. I'd love to stay and talk.... Good luck to everybody. I hope this can be less of a train wreak than it sounds.

OneMiner: Birthers??!? lol

OneMiner: Smoovious http://en.wikipedia.org/wiki/Requirements_for_becoming_a_president#United_States_of_America http://en.wikipedia.org/wiki/Natural-born-citizen_clause_of_the_U.S._Constitution

OneMiner: Smoovious I'm all for that. Send it to the courts, that's what they are there for. Continuously redefining the country to improve it should be a goal.

OneMiner: While I'm a fan of much of the constitution, it's reasonable to expect that changes will be made over time. For example the 2nd amendment. I interpet that as a gun to the head of the govt., the designers of the constitution wanted to be sure that a govt. not of the people couldn't stand. Now we have cruise missles and I feel that the orginal intent has been defeated. What should happen? We stick with what we have and change nothing? Scrap the 2n

OneMiner: d? Or redefine it to fit with the orginal intent? That's what congress should be doing, then the courts take over from there. Insteadwe have bla, nothing, a promise to not get anything done untill the election.

OneMiner: Holding a knife is bearing arms too you know. I don't think they have gone so overboard. You can buy a long rifle in any state.

OneMiner: I don't care if you can buy M60s no citizen millitia can stand against even the National Guard. The orginal intent of the 2nd is dead dead dead.

OneMiner: I dig. You got some points there. But I don't think you really understand how coordinated and powerful they are. Afganistan is a cluster F at this point. The mission is all screwed up. The army is acting as a punching bag.

OneMiner: Ya, Iraq was a cluster F from the start.

OneMiner: All the wars where the US decided to just F up the enemy were won hands down. You can see the other results.

OneMiner: Oh, except when we tried to invade Canada, damn igloo building pinkos.

OneMiner: Vietnam was all about nation building. Propping up the South against the Commie North. That war fits into the second catagory.

OneMiner: mircea_popescu If there was one less front the Russians would have walked into a meat grinder. It was the combined effort and I'm sick of people saying X won WWII.

OneMiner: EskimoBob are you reading what I'm writing?

OneMiner: The US kicked ass in the war of independence, Mexican America war, Korea, I'm probably missing some others... Panama, Granada.

OneMiner: Ya, the Americans played their part in them. I'm NOT suggesting the US won WWI-II by themselves at all. Just that the alies would have gotten their spleens handed to them.

OneMiner: Smoovious +1

OneMiner: I'm out guys. Bye.