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1881  Economy / Scam Accusations / Re: Be Very Cautious - shawshankinmate37927 / and / ruggedman_dan, Ceasar V, on: May 24, 2013, 10:45:48 AM
Weak drama. Let's all move on kay?
1882  Economy / Services / Re: [WTB] Mortgage Cosigner on: May 24, 2013, 10:44:42 AM
I am willing to pay top dollar for someone to help me cosign a mortgage. I have no family I can ask. I have good credit and equity. I need someone in California with good credit and high income.

Lmao.

If anything is to embody the essence of Bitcointalk muppetry, it's this. Even above Deprived's collection of noobs giving each other Ripple credit randomly.
1883  Economy / Securities / Re: Securities Newbie. HELP ME INVEST! on: May 24, 2013, 10:44:07 AM
@OP: The only thing I'd like to say is that non of the companies here are actual companies nor do they publish financial statements.

This would be completely false, and a clear illustration as to why we don't encourage noobies making judgement calls.

S.MPOE: April, March, February, January, [2012] December, November, October, September, August, July, June, May etc (yes it goes back further than that).

Essentially you are relying on the honesty of a few people and the security of sites like btct.co. So it's not investing. It is speculation.

Locate ass. Retract head. Breathe in.
1884  Economy / Service Announcements / Re: Announcement: Tradehill is back on: May 24, 2013, 10:41:09 AM
Would you mind expanding on "obedience"? In the context of a decentralized currency, it seems a tad dramatic.

It is a tad dramatic. People develop blind spots, if you call it discipline nobody even notices it's there. Irrespective of that, as a general rule the more degrees of freedom in a system the more self limiting is required to get anywhere.
1885  Economy / Gambling / The BitBet Lottery on: May 24, 2013, 10:40:22 AM
Right here. Bet on whether the retarget after next (so in about two weeks) will be an odd or an even number.
1886  Economy / Services / Re: [WTS] GPG and OTC Tutoring - One-on-one - 1 Hour FREE! [3 remaining] on: May 24, 2013, 10:35:24 AM
I'll be working with CurbsideProphet on Saturday. After that, there will be 2 sponsored slots left, picked chronologically. The sponsoring will end, but the service will not.

Just finished up our session and was very happy with the 1 hour tutorial.  He covered a lot of areas.  Anyone interested in OTC but unfamiliar with GPG, I highly suggest his course, also thanks to MPOE-PR for sponsoring the session.
Curbside was responsive and a pleasure to work with. Unfortunately I am rather busy in the near future, but I will PM people as I become available.

Paid out.

Seeing how the BTC ratio increased massively since this project was started, and in the interest of getting as many people as possible helped with their GPG stuff, further payments will be made in .1 BTC increments.
1887  Economy / Gambling discussion / Re: Sports betting Picks on: May 23, 2013, 10:53:46 AM
You'd probably make a lot more by starting BitBet bets/using the refcodes.
1888  Economy / Securities / Re: [BTC-EQTY] A new Bitcoin Investment Fund on: May 23, 2013, 10:53:24 AM
Hi everyone,

I have elected to close this fund to the public for now. Instead, I will be the sole shareholder of the fund, and the results will be published publicly if you are interested in following this funds performance. I will post the first statement at the end of May.

Not a bad way to go about it. Try and make the results as publicly verifiable as at all possible (not always an easy task, this).
1889  Economy / Securities / Re: Securities Newbie. HELP ME INVEST! on: May 23, 2013, 10:52:46 AM
As a result the performance of the vast majority of BTC securities will continue to be predominantly set by the exchange-rate.  When BTC rises profits (in BTC) will fall and price will fall - and vice-versa.  Which is why I continue to stick to trading rather than investing

This however has pronounced macrostabilization effects, especially as the size of the economy grows. Two years ago BTC denominated securities were epsilon, and the BTC went from 30 to nothing when MtGox fucked up. This spring BTC denominated securities were over 1mn BTC (S.MPOE like 750k, S.DICE like 500k etc) and when MtGox fucked up again the price went temporarily to 50 then bounced back within days.

So it's not merely a case that the values of BTC securities are set by the exchange-rate. There's some significant effect, and as MPEx grows and as it extends its influence on Wall Street the situation will likely reverse, and we'll have exchange rates set by the performance of BTC securities. As it should be, after all.
1890  Economy / Gambling / Re: If I had a large gambling website, who can I trust here? on: May 23, 2013, 10:51:09 AM
+1 Dooglus for sure.

That also works, yes. He responsibly handled the wind down of WBX after the owner disappeared.
1891  Economy / Service Discussion / Re: Best way to withdraw large amounts of cash from Bitcoin ecosystem? on: May 23, 2013, 10:50:44 AM
With trusted status you can withdraw 10,000 BTC in a 24 hour period.

With verified status you can withdraw 1,000 BTC in a 24 hour period.

Transferring out Bitcoin and selling them OTC is probably your best way to avoid being caught by withdrawal limits of other services or creating reportable transactions.  There are people who buy large quantities of Bitcoin OTC.

Translated that says "Exchange websites are mickey mouse. Why are you trying to cook dinner for 12 in an easy-bake oven?"
1892  Bitcoin / Legal / Re: Legality of Polimedia/MPOE/MPEX/BitBet on: May 23, 2013, 09:32:58 AM
Now please understand that I do think that govts are slowly becoming the biggest mobs in the world and we the people should start saying no. You're doing it by operating under the radar via Bitcoin and all my kudos to you, but I would recommend you to hide your tracks better or the bureaucratic machinery will take you down.

So wait. Some guy has a company irl and also plays some online game.


1893  Economy / Service Announcements / Re: Announcement: Tradehill is back on: May 23, 2013, 09:31:35 AM
I do hope they do the right thing and pay back those that they owe.

But on another note, why is your ignore button gold?

It sounds like Erik fucked up. I think he should just take responsibility for the mistake, apologize, and move on. This will damage his reputation for further issues.

It's funny when people with no shred of a reputation are discussing the reputations of others.

It sounds like Erik fucked up. I think he should just take responsibility for the mistake, apologize, and move on. This will damage his reputation for further issues.

No one messed up anything, and afaik most investors are happy as clams with SDICE. Maybe some are just pissed they don't have the capital and awareness to be agile in this market?

Either way, this turned into a boring troll slap fight.

Basically the whole story here is this: back in the days of the Global Scam Exchange, an assortment of scammers and idiots which I won't bother to name were very happy because a) they got to act as if they actually were investors, bankers and so forth and b) they made BTC. Bona fide investors were not at all happy, because they lost oodles of BTC. The conversion process used is particularly ineffective, for every Bitcoin scammed from investors people like Meni Rosenfeld, Kludge, or Patrick Harnett made maybe a cent or less. Some people did make a decent fraction, some still mine to this day on the farms their dupes bought them.

Then MPEx came to the scene, and the gravy train abruptly halted on all scores. Not only did the various scammers get to be called out and quite publicly at that, not only did dysfunctional "business models" get laughed out of town, not only are the idiots under the daily pressure of being called idiots, with ample and incontrovertible documentation of every move they make, but - worst pain of all - the investors are nowhere in sight. Because given a chance, an investor would rather be an investor than a dupe. Some "bond offering" that could collect 40k BTC no questions asked last spring and promptly evaporate half of the shareholder equity within six months can barely take in enough to cover outgoings this spring. Of course this burns the underclass of scammers & idiots: they don't get free BTC and attention anymore? Bawwwww.

They have correctly pinned the cause of their current plight on MPEx generally, on MP personally and as far as the messaging goes, on me. It's a fact: the reason they're fucked atm is exactly MPEx, MP and, at least on this forum, me. They are incorrectly trying to remedy this by attacking a combination of the three. Unfortunately for all of them it doesn't really matter how much time and effort they expend in the ultimately doomed attempt to convince "the public" that their executioner "is evil". In fact the only probable result of all that expenditure is their more thorough discreditation.

To quote MP himself,

Quote
And more generally, a notice to all the scumbags circling BTC : I don't care that you're poor, I don't care if you're desperate, I don't care if you're 'Ndrangheta or the Gambinos or the Bonanos or the Russians or whoever the fuck else. Pack it and move. This is your only warning, and quite frankly I have no ideea why warnings are even necessary. Bitcoin is not for idiots. That means you.

That's the whole story. Idiots and scammers can no longer make it in BTC. The days when they had the run of the town are over, and are never coming back. Professionalism, competence, obedience and discipline are the values of Bitcoin in 2013. We're done dicking around with this toy based "on maffs" where "like, man, everything's possible right?"

Time to get to work.
1894  Economy / Securities / Re: ASICMiner Shares and Dividends on: May 22, 2013, 06:34:03 PM
sorry i am confused can someone help.  At those dividend rates and 2btc per 1 share, we are looking at 2 /0.00696732 / 4  = ~72 month to make back the initial investment and this assuming the difficulty remains the same which we know is not true as those asic boxes start to go online.

So what am i missing here? why are so many people paying 2-3btc for 1 share of asic miner?

You're not missing anything, various scamsters (like Chaang-Noi) are missing this.
1895  Economy / Service Announcements / Re: Announcement: Tradehill is back on: May 22, 2013, 06:32:37 PM
Anyone know if they are really trading at $130 right now? If so then some of us need to gather up our funds and register as a small investment company to register and rape them with the exchange because there is some arbitrage to be had.

Right, right. Just like all the people waiting for their money back in this thread "raped" them.
1896  Economy / Securities / Re: [HAVELOCK] ASICM, a New Micro-share ASICMINER Passthrough! on: May 22, 2013, 05:16:27 PM
Dividends will be .000198 !

I need to move more coins into my account to pay this out to everyone, but it shouldn't be more than 6 or so confs from now!

Why are dividends 42% lower this week than last week (when they were 0.00034411 per share)? How are dividends calculated?

This month TAT needed a new sweet crib. Last month he only needed a new gold plated gun.

( The above is sarcasm. If that was not self-evident you should feel very, very ashamed.)
1897  Bitcoin / Legal / Re: Legality of Polimedia/MPOE/MPEX/BitBet on: May 22, 2013, 05:14:38 PM
It is very likely that Polimedia SRL (Romanian limited liability) is breaking at bare minimum the Romanian law in three ways, there might be more and some international ones too. First there's gambling without a license (bitbet.us):

Quote
Gambling License Romania
The authorization/organization of the activity of gambling in Romania is governed by State monopoly.

The State can grant the right of setting up the activity of games of chance according to the law, on the basis of a license, for the organization of each type of games of chance. The games of chance are classified as follows:

• Games of chance whose winning conditions are dependent upon random elements, with the use of gambling machines which are operated manually, mechanically, electrically, electronically, video automatically or in other similar ways. In order to play and win these games, they require the player’s ability or dexterity, light hand and also the chance, the hazard (the type of Atlantic pusher, Niagara);
• Casino games of chance
• Bingo, Keno type of games of chance, which take place in special game rooms;
• Sports Bets, Lotteries and Raffles , along with television Bingo and Keno;
• Contest-Games, with any type of wins, organized through telephone lines or any other means of telecommunication.

http://www.rolegal.com/romania-gambling-license.html

Secondly there's stocks/options/futures trading without a license (mpex.co):

Quote
All securities trading in Romania is carried out by brokerage companies called Financial Investment Services Companies (FISC) licensed by the NSC and established according to law 297/2004.

The law itself AFAIK is only available in Romanian.

Thirdly they are not following the limitations imposed on limited liability companies in Romania (polimedia/mpex.co):

Quote
Limited Liability Companies are not permitted to:

 - Undertake banking or insurance activities or any other activity that might suggest an association with same, without a licence.
 - Undertake investment business other than the investment of the company's own assets without a licence.
 - Neither solicits funds from the public nor offer their shares or membership to the public without a licence.

http://www.ocra.com/jurisdictions/romanian-limited-liability.asp

Could someone more educated in the subject weight in please?

What exactly would be the link between these things, other than you?
1898  Economy / Securities / Re: [BTC-EQTY] A new Bitcoin Investment Fund on: May 22, 2013, 01:36:28 PM
Though you couldn't possibly know what my experience is, or how qualified I am, you have chosen to put me in the pool of "idiocy" (your words). That's your choice,

It's not me putting you in that pool, it's your own actions putting you in that pool. It is my choice to express this, but it is not however an arbitrary, subjective, personal slant, if that's what you're intimating. The internet doesn't know (and doesn't care) if you're really a dog. As long as you meow you're a cat.

It's your wake-up call, and you're very much welcome to use it that way. Quite frankly I don't care what you assume of me after having a ten ton anvil dropped on your head on your first herpderp post. If you're still here in a year or two, and if you've meanwhile managed to do one or two things that didn't blow up, or at least didn't blow up much more spectacularly than davout's shit, then I'm likely to start listening.

So now. You've got a lot of catching up to do, and hopefully another foot for later.

I did learn a little (that the size of my offering was too large for the current bitcoin economy) but since this is the only place to offer securities, we need to fix the infrastructure first before larger and more diverse offerings can be accepted.

That's pretty ridiculous stuff. The "current Bitcoin economy" is something like one billion dollars. From what I hear it's you that was judged too small for your proposed offering, not the economy.

Specifically what "we" and specifically what "infrastructure" is this about?
1899  Economy / Service Discussion / Re: Why Ripple™ is against everything Bitcoin on: May 22, 2013, 01:34:47 PM
I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

Ouch, As again, this is why I like theymos, his mods and this forum. Such good people.
What?

They are good people until you try to expose scammers they get money from...

https://bitcointalk.org/index.php?topic=137026.0

gmaxwell is widely known to be disreputable. It wouldn't be the first time scammers/undesirables have managed to get a moderator position on this forum, it won't be the last. Seems hardly enough to impugn the admin or the mods as a group.
1900  Economy / Service Discussion / Re: Flexcoin is now owned by James Gray on: May 22, 2013, 01:32:16 PM
My point is, they're trying to make up imaginary problems that don't exist to get you to use them.

Indeed, it seems it's muchly a bundle of solutions in search of some problems.
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