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4861  Economy / Service Discussion / Re: Bitcoin services that could be cons on: September 25, 2012, 09:01:50 AM
That Venture Capital thing has been inactive for half a year by now. At any rate VC means they give you money, not the other way around.
4862  Economy / Securities / Re: <nefario> [Pirate assets] are not listed or traded anymore on: September 24, 2012, 11:24:44 PM
Sane people announce some time before not some time afterwards.
4863  Economy / Service Announcements / Re: [Payout Updates] Bitcoinica site is taken offline for security investigation on: September 24, 2012, 11:22:03 PM
Quick resolution? Write it off. You will never see a damn thing from these criminals. They stole it all, and have created a master work of lies, deception, delays and obfuscation to cover their tracks. And avoid any dealings with the intersango gang, as they are the criminals behind this disaster.

Couldn't have said it better myself.
4864  Bitcoin / Legal / Re: Got off the phone with the Guy from the S.E.C on: September 24, 2012, 10:02:50 PM
Again this sounds like an SEC agent trying to make a case to make a name. 

Dude lay off whatever you think you've gleaned by watching half-hour tv shows. The guy involved (Philip Moustakis) is already senior, has a name and so forth.
4865  Bitcoin / Legal / Re: Got off the phone with the Guy from the S.E.C on: September 24, 2012, 09:21:44 PM
I don't think posts implying that GLBSE has not been legitimate in the past are going to be helpful to any investigation of its activity.

Depends what you mean by helpful. If you mean "help conceal the facts of the matter", then no. Otherwise, yes.
4866  Economy / Trading Discussion / Re: New bitfloor API: silly security? on: September 24, 2012, 08:58:10 PM
Indeed this doesn't look all too good.
4867  Economy / Trading Discussion / Re: Is it possible to get BTC from TradeHill? on: September 24, 2012, 08:53:22 PM
Now that he's taking a break from claims he can dedicate his full time and attention to the real estate development that appeared magically about the time his customers' money disappeared.
4868  Economy / Trading Discussion / Re: Reputation system? on: September 24, 2012, 08:47:30 PM
Yes, the WoT is where it's at.
4869  Economy / Scam Accusations / Re: EskimoBob is a scammer, witness reports inside on: September 24, 2012, 08:24:13 PM
Lol what sort of immature bullshit is this?
4870  Bitcoin / Legal / Re: Got off the phone with the Guy from the S.E.C on: September 24, 2012, 08:19:26 PM
OP cannot even right a few paragraphs of text in correct English and with internal consistency. Not much of a source.

However, if Pirate is going to jail that is very bad news indeed Sad

You mean write, right?
Ps. Since we're leaving things here...
4871  Economy / Marketplace / Re: Investing in Mircea Popescu's Options Emporium on: September 24, 2012, 07:00:23 PM
No, it does not. Of the > 100k contracts traded last month, the MPOE bot was a counterparty for about 75k.
4872  Economy / Securities / Re: [GLBSE] Nyancat Financial: Your Friend for Life on: September 24, 2012, 06:06:51 PM
You don't understand: the nitwit thought he's making a CDO. Then he saw the MPCD series and now he's doing "something more like that".

Actually it's common knowledge Mircea copied me. NYAN is verifiably older than MPCD. Sure, Mircea talked about operating a derivative 6 months or a year ago but he never actually got off his ass and did it till a month after I started NYAN.

This was actually discussed in IRC and people were laughing at Mircea for copying me. Don't take my word for it...

April 13th. How long have you been around?

Not that anyone is taking your word for anything.
4873  Economy / Securities / Re: [GLBSE] Nyancat Financial: Your Friend for Life on: September 24, 2012, 05:41:28 PM
...

No, don't worry, and you have it wrong. It does not matter what assets are in A. What each fund holds is not relevant. All losses will be borne by .B and .C first. As soon as I can the HRPT will be moved out of .A or sold off for another asset. You won't lose anything in NYAN.A, this is guaranteed.

Even if everything in NYAN.A goes to zero I will transfer all the assets in NYAN.B and in CPA to NYAN.A to keep it afloat.

If that fails (nuclear war or whatever) I'll just buy back shares with my own money. NYAN.A is the safest and strongest asset you can buy on the GLBSE today.

What!? I do not like what I am reading.
You can not TRANSFER stuff out from portfolio B to to portfolio A just so you can cover up the mistakes you made in A.

You don't understand: the nitwit thought he's making a CDO. Then he saw the MPCD series and now he's doing "something more like that".
4874  Economy / Securities / Re: [GLBSE] Nyancat Financial: Your Friend for Life on: September 24, 2012, 05:38:41 PM
3. The overflow into NYAN.C will be significant in coming weeks due to the amount of HRPT now in A and B.

I hope you are not planning on keeping a significant portion of NYAN.A and NYAN.B invested in OBSI.HRPT?
I hoped the "no Pirate" would obviously convert in "nothing that quacks like a Pirate"...  Tongue

NYAN.A was sold as a low risk fund. I feel like a bait and switch just happened.

It is entirely unnacceptable that I am now exposed to an illegal ponzi scheme through no fault of my own and with no exit possible because of no liquidity.

FML.

You should argue with me more and invest in usagi and his ilk more. It werks.
4875  Economy / Securities / Re: [GLBSE] Nyancat Financial: Your Friend for Life on: September 24, 2012, 05:21:19 PM
@prawda

I will give credit where credit is due, and usagi has some talents. The most obvious is hiding his true financial status by creating this labyrinth of companies that create revenue streams between them and that invest in each other and insure each other, making it pretty hard to assess even though (and thats again to his credit) he does provide fairly complete information for everything except CPA.

Still, once you scratch a little of the surface, some things become clear.  

Lets look at nyan.a first. By far its biggest holding is BMF (another usagi company) and he values it at 0.59 BTC/share.  Is that warranted? Its safe to say he can not liquidate his shares for anything like that price, seeing the sum of all bids for BMF totals less than 3BTC or 0.0006 BTC per share. So Nyan is stuck with BMF which is really one big gamble on (BFL) asics, either directly through the ones he ordered (extremely late), or indirectly through assets like BMMO.

The second biggest holding is OBSI.HRPT,  an almost certain ponzi that has just started collapsing, but still has an exit as there are some bids. Perhaps something could be salvaged if usagi is fast enough.
edit: I thought this was a 1 BTC bond, but its 0.1BTC, so the total bids are just over 30BTC. Scratch that exit possibility.

TL;DR. If asics turn out to be profitable for miners, even late ones, this bond might provide a positive ROI, but only about half of what most other ASIC related assets would yield. If asics turn out to be losers (which I expect), NYAN.A will become as worthless as the ponzi's he's invested in.

On to NYAN.B

Nyan.b's biggest investment is once again in OBSI.HRPT aka obsiponzi. If usagi doesnt get out really fast while there are still some bids for it, you can scratch 26% of nyan.b's NAV.

Second biggest holding is CPA. Another usagi company that is grossly overvalued in his books. Currently on the books for 0.061 BTC per share, but trading on GLSBE for 0.24 and more importantly perhaps, with a market depth of less than 10BTC total or  0.0002 BTC per share. Most of that is probably usagi himself as he announced he would be repurchasing his own shares, and has been doing so.

Third largest asset is DMC. A total fuck up of a company ran in to the ground by Diablo;  currently frozen by GLSBE because of suspected fraud and/or gross mismanagement. To be fair, usagi was given these assets almost for free, but it remains to be seen if he will be allowed to keep them as I suspect they were obtained fraudulently.

TL;DR I wouldnt touch this with a 10 foot pole. Nothing but rubbish, ponzi's and "inbred".

Lastly NYAN.C

This one already lost 85% of its value, probably even more when he publishes his next financial results as most of these assets have dropped further, so there isnt much left here. Biggest asset is a loan (BIF.1YR.LOAN), I have no idea how legitimate that one is, but it might be.

Second largest one is V.HRL, another obvious ponzi scam, and/or obsi passthrough with no emergency exit.

TL;DR  lets not beat a dead horse.

And then we have CPA. I guess thats far another thread, but consider CPA is insuring the above junk, thereby indirectly insuring significant amounts of ponzi investments.

Now Usagi is probably able to keep up appearances for some time longer, after all, because there is nearly zero market depth for his own companies, he can and does prop up spot prices by repurchasing his own junk, which helps him cook his books as for a few BTC he can pretend his assets are worth thousands BTC more than they ready are,  but this wont end well.

This is worth preserving for posterity.
4876  Economy / Lending / Re: Looking to invest in.... something on: September 24, 2012, 05:03:32 PM
You should probably look into S.DICE. Net profits a little above the sum of everything listed on GLBSE.
4877  Economy / Securities / Re: [GLBSE] Violating its TOS and Possible Laws depending on country of Origin on: September 24, 2012, 04:45:59 PM
Not sure what the fuss is all about in this particular case.

Nefario stated that Alberto had agreed, when he provided the ID documents, that

The fuss is that it's not Alberto who stated that Alberto has agreed.
4878  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [140.1 gh] [6.700 mh/share] on: September 24, 2012, 04:33:27 PM
The whole Usagi thing is fucking ugly, if we have learned anything it is that Usagi is willing to sell out for 5BTC.

QFT
4879  Economy / Service Discussion / Re: So I got an interview with Sonny Vleisides from BFL... on: September 24, 2012, 02:02:07 PM
Where's the interview? All I see is the journal of a giddy schoolgirl.
4880  Economy / Securities / Re: CPA, NYAN.*, BMF YARR Shares outstandibg, a.o 19.09.2012, UTC ~16.00 on: September 23, 2012, 05:57:46 PM
Quote
Eskimobob, this keeping track of shares as if you are trying to catch me in a lie is a bit of a joke. Really, don't worry about it that much. And please, the last thing you want to do is start supporting puppet/deprived and factory ^^ I think you're a little smarter than that.

Why do yo think that? I have no reason to think you are a liar. Are you a liar? Are you announcing "news" just to manipulate withe the market? I hope not.
I am writing those numbers down for myself and I do not mind sharing the results with others.

Because what you are doing makes zero sense. Why on earth are you keeping track of the outstanding shares? There seems to be no logical reason. It makes you look a little nuts to be honest. But fine, lol, just could you do it somewhere else? Like make your own thread for it? Thanks...

Actually, what he is doing makes perfect sense. In your OP you said you would be doing an "agressive buyback". By showing the actual change in outstanding shares, he is illuminating what an "agressive buyback" means to you.

No, he's not... lol, you can't seriously believe that

Actually, bitcoinbear is right on this score.
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