png images were a bit too fancy perhaps, simplified now. I cannot reproduce the error unfortunately.
Dammit, I and retarded. All this time I thought you lived in Birmingham (don't know why I thought that) and that you were too far away (when I lived in Manchester...next bloody door). Now I look and it's actually Sheffield, sorry I can't make it, I would spend the day just traveling and I need to get work done. Dammit, and those pics look so good. |
|
|
|
Are there copies of any printed materials that have logos from sponsors printed on them available for those sponsors? I hope my Tier 1 sponsorship exposure was worth my BTC  A schedule was given out to eveyone who attended which had the logo's on the back. |
|
|
|
... judging by that ... belly It struck me during the conference how few overweight people were present. Despite presumably sitting at computers all day. Too poor, can't buy food with bitcoin, we were all starving. |
|
|
|
|
RMS is getting old though, and judging by that tumor he calls a belly, won't be with us much longer.
|
|
|
|
Just came back from London and can say that I've met Ludvig and he seemed pretty real Look, ordinarily I'd say "Pics or it Didn't Happen" but I don't want to change my personal mental image of DeaDTerra:  More blond and you've just about got it |
|
|
|
MPEx has the guy's name in the title. He goes by his name on IRC and elsewhere. You use a 1337 haxx0r nick that implies you're EEEEEVIL™. Why do you not lead with your real name and accept accountability?
My pic and real name, I spoke at the conference in front of hundreds as well as helped organise it, nefario is my forum nick. You can ask any of the hundreds there who have met and spoke to me. Fair enough on your opinions on mircea, I disagree but time will tell. That said, neither of you is a real exchange operator. You have too much ability to fuck people out of their money. You did it with gigavps on his private bond offering.
GigaVPS is a happy GLBSE customer, your conditions for a real exchange operator are odd, by this definition then no exchange has a real operator. The centralised nature of a market requires the creator and operator of that market to be trusted, thats just the way it is whether it's a one man operation or an empire, you still need to trust the market operator. Right. You handle the long tail of smaller trades, offerings, etc. This is a great place for amateurs with no experience and no knowledge of capital markets. You admit all of this. This is why there is risk in having a single person with the ability to "seize" assets or otherwise control informal contracts.
The whole purpose of GLBSE is to allow ordinary people to raise capital for funding their project ideas, starting and expanding businesses, this is what makes it different, we try to keep the overheads and requirements as low as possible, and to a large extent it's worked. We've never seized anyones assets. So...who decides that the change benefits the asset holder? If I list that I will increase my dividends from 1%/week to 100%/week, can I push that through without a vote? Even if, as of course everyone knows, such returns are "unsustainable"?
These loopholes and arbitrary, informal, procedures are why smart money avoids the exchanges. It's like a random listing on the forum or -otc, but with a single bottleneck–a person represented by a silly nickname with no real background of trust or accountability.
There is no assurance that the capital exchanges won't be the next bitcoinica or whatever. You fight attacks to your reputation defensively. MP fights to keep his reputation clean (other than, well, you know who). Both groups have "fans". Either of you could just as easily be setting up a long con.
Remember, Trust No One.
I don't intend to develop my own independent body of law. Small assets currently have me as the person who makes the decision, this is only a stop gap measure until a formal process that is also lightweight (given the asset size) and as unbiased as possible is developed, this takes time to develop and set up. The rest being your opinion you are entitled to. GigaVPS is a happy GLBSE customer |
|
|
|
I am not sure why people would even want to invest in something with such a small profit margin that the 0.5% fee is too much?
The trade fee is actually better for investors than the large signup fee, since it incentivises the market operators to continue providing a good service. There are only so many people who want an account to trade with, once the signups slow down the chances go up that MPEx either abandons the project or runs with everybody's money.
Yes essentially, the experience so far is that anonymous operators, assets and everything that sells tend to disappear with peoples money (I made that point in my talk yesterday). This has happened again and again on GLBSE, and investors have lost out time and again. |
|
|
|
Ultimately, judge someone based on their history. If MPOE-PR (popescu whatever) is an asshat MPEx is not a marketplace that should survive.
This is completely wrong, you absolutely need to know who a person is if they are selling something of considerable value, holding funds or running an exchange. The result of an anonymous person running an exchange will be depositors and "investors" losing their money when the exchange eventually disappears. We saw this with mybitcoin.com and pirate, they build up a history of good trades, once they have everyones trust and enough BTC for it to be worth while they run off, it's called a confidence trick. Nefario has his flaws. No single individual, with all of the bias that is introduced with unilateral thinking, should be running a big (in Bitcoin terms) capital market.
I completely agree that I'm not perfect, but there is nothing wrong with one person running a large (the largest) capital market, the problems only arise where there is a lack of clarity or absence or rules. On GLBSE this is the direct result from contracts that are very very short and lack any clause to handle issues that arise. This is something that I'm working to address, I've opened up another thread to get input on having a default contract to turn to when there are no clauses for events that come up. I also want to add the provision for the addition of a neutral third party to be selected to arbitrate and interpret these rules. The only reason I'm doing this myself is because it's the first time we're dealing with it, once the process is set up I won't need to be involved, and can get back to actually running the market instead of dealing with this sort of thing. A Bitcoin capital market needs to arrive that has the same level of professionalism and organization of, for example, Mt.Gox. A capital market has a lot more issues to deal with than MtGox, whose scope is relatively small. Would you feel comfortable with Nefario or MP being the sole proprietor running MtGox? I wouldn't. Mainly due to the risk of sole proprietors easily becoming arbitrary, tyrannical and negligent. MagicalTux is the sole person running MtGox, yes some other people work there but he runs it all. And we (at least I) can't do whatever the hell we like, being bound by our TOS and the laws of the jurisdiction I reside under. Of course this isn't the case if someone is anonymous or has no TOS. As for contracts. Isn't this a no-brainer? Changing contracts should require consent of all parties unless expressly written out of the initial contract.
If it's an asset with voting rights then usually contract changes require a vote, although if a change is proposed that is to the advantage of the asset holder then no vote is needed as the original contract is being met, and with the new terms exceeded (i.e. it's to the asset holders advantage). |
|
|
|
What will come from the conference is mostly hidden because most of the value is in the talks between different Bitcoin pioneers. I can tell that there are potentially some big things coming from it but only time will tell really.
Personally I hope the next conference would be more business oriented. I'm planning on organizing one in Helsinki btw. It would be bigger than anything so far.
That was my impression, it was certainly worth it for me, a lot is going to come from this. I also think it's funny people were moaning about a lack of live streaming, which I think were the same people saying they were not going to boycott the conference in the first place LOL. |
|
|
|
|
Stallman was understandably sad and angry, without his gnu (which someone had taken) then it would just be linux.
|
|
|
|
Alright so basically there is always a fee on trades. That could have been more clear.
This means I cannot rely on GLBSE for other than advertising my fund as such a trade cost is unacceptable. For electrons moving around that is insane.
Really? You pay a lot more using a regular stock exchange. If we don't charge trade fees then we have to charge other fees, bills have to be paid, children have to be fed, nothing is free yadda yadda. The costs in running an exchange are not in moving bits around. Luckily it looks like my friend might be interested in making some competition* for GLBSE - until then I will allow my investors to trade bonds at market rate manually via contacting myself. Good luck to your friend, but if they want to make any profit (which means they survive and grow) then they'll need to charge fees at the same level or more than we already do MPex has lower trade fees by having a 20BTC account fee. |
|
|
|
3. They trust people who are one step removed from script kiddie status. Nefario? And you had problems with PirateAt40?
I'm very much a real person, with my IRL identity well known, especially after having spoken in front of 200 people at Bitcoin2012 yesterday and organising the event. If you can get to London I'm happy to meet with you to talk (or anyone for that matter, I seriously enjoyed speaking with bitcoiners last weekend). If a Contract change is made without a Share Holder Vote and changes are made to the contract by the Exchange Owner?
I consider this a breach of Contract by causing interference with the other party's performance. Thus far(since GLBSE has begun, over 1 & 1/2 years ago) no one has had their contract changed by GLBSE Given that the rules of GLBSE themselves change with no notice and with arbitrary intent, it is difficult to say that any contract based on that platform has any validity.
You can find our TOS at the bottom of every GLBSE page, it's not changed for many months, and when we do make changes, whether in fees or the TOS we announce it on the forums usually a week or more in advance. Any changes that happen on GLBSE, programmatic or procedural are not arbitrary. I would like to see an example of where we have changed the rules of GLBSE, without notice or arbitrarily. |
|
|
|
|
Ive told capital one that he can go ahead with the ipo if he verifies fully.
|
|
|
|
I think they made it clear enough they won't sign.Take it to court already, chaps.
This pretty much, really this is probably going to be the first major bitcoin case to get proven in court, depending on how long it takes to get started, if at all. I would be looking forward to hearing a judges interpretation on what bitcoin is. |
|
|
|
|
I'm putting this out there to get as much input from the community, if no one inputs (like, has a go at doing some of the contract) then it's going to be left up to me, which is not really what you guys want.
It's exactly what it says it is, a default contract that will be turned to when there is no clause in the issuer written contract to handle a situation.
|
|
|
|
|
Yeah, this is not going to fly.
1) You're violating the trademark of a huge finance corporation, which would crush me under the sheer weight of the amount of paper their lawyers would send.
2) This is obviously a scam.
Go list on MPex. they need assets.
|
|
|
|
|
This asset has been moved to the blackmarket section of GLBSE.
|
|
|
|
|
Yes the need for escrow is obvious. I think if you want to remain anonymous then you'll need to jump a lot of hurdles to get any funding, for obvious reasons.
|
|
|
|
You should probably fly to London and place it in their hands in front of an audience.
So has anyone done this yet or what? Yes. It was pretty funny. |
|
|
|
|
Show Posts
