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Mi pensas Bitmono esti akceptigxita.
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So despite key players definitely now being subject of at least one legal investigation, they are still allowed the priviledge of administrating the conference? What goes around comes around, the conference will be brought into disrepute over this.
BB.
oh fuck off. Name me one instance where I lied, or conducted myself improperly. Point them to me. It was me who made public all the emails, released publically all the documents/agreements, released the sourcecode and pushed for communications from zhou's first announcement (everyone told me to be quiet). Your thinly veiled threat is pathetic and petty. We should never have touched the funds in the first place. |
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My viewpoint: ThomasV needed to focus on his work, and was in strictly maintenance mode for Electrum. He came and visited me in Berlin for a week and showed me around the codebase (we also had a cool time - he took me to see the city for the first time despite living there months  . He wanted me to manage the project. But then we had disagreements over management styles (I started opening up the development and adding lots of contributors) because I prefer a more open bazaar approach over a cathedral. I can understand the need for being cautious with a project that requires high security when dealing with money, but I think there are many other Free Software projects that do very well with an open development process where everything is made public in the eyes of the community. I prefer not to constrain artists with limitations. This can be seen with the rapid growth Electrum has been getting and the big strides we are making in usability. We're getting lots of feedback from users. Anyway I don't want to fork ever. It is better to pool contributions where possible. In which case, maybe we should have Electrum Stable and Electrum Desktop versions. The protocol is unlikely to change. I only want to improve the implementation (and that will take time). If the protocol does change, it might have the inclusion of the Bitcoin exchange rate. That won't mean that old clients would be affected. But this will take time. Also longer term though I have big improvements for the protocol but they require my thought (ThomasV pointed out that the constraint on low end devices is not computing resources but bandwidth). In terms of the GUI, Animazing has been working a ton. Every change we add, seems to open up a few more needed features so we have a lot of work on that front to do. For sure, I think Electrum can have some massive improvements. |
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I found a nice space for the hackathon: LARC (London Action Resource Centre) has been confirmed and booked as the location for the pre-conference hackathon. They are a self-organised, non-hierarchical projects for radical social change with suitable facilities for a Bitcoin hackathon. http://www.londonarc.org/I've also added more information like accommodation and the address of the conference to the venue page: http://www.bitcoin2012.com/venue |
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Confirmed James McCarthy (nefario) of GLBSE and Jeremias (kangasbros) of AcceptBit, LocalBitcoins as speakers.
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We sold 10% of the 700 tickets available so far. I'm about to close the issuing of the first 100 tickets.
That's really unusual because last year we only ended up selling the tickets during the last week before the conference which made organising it really difficult.
Factors in our favour this year:
- In London, not the remote location of Prague.
- Proven ourselves with first conference.
- Good speaker lineup. Fast ticket sales.
If we sell out all 700 tickets, then next year we will get the 10,000 people venue and make a huge event about opensource, new economy and Bitcoin topics in general.
We've already booked the third room and are going to be offering booths for Bitcoin startups and a lounge for chilling.
I'm posting updates on bitcoin2012.com homepage.
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I messaged them a year ago and they said they weren't interested.
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We don't have all the information, and I'd avoid leaping to conclusions until you know more. Personally I'm staying out of this as I'm not qualified to make judgements and adequate people are already involved. Here's an extract from an article I wrote: In 1992, Stella Liebeck bought coffee at McDonalds. She spilled the hot drink on herself and later claiming injury against McDonalds because the coffee was too hot, initiated a lawsuit for $1 million. She is the poster child for frivolous litigation in the US.
What I failed to mention is that the coffee was served at over 90 degrees celsius and having suffered 3rd degree burns over 16% of her body, she spent 8 days in hospital for skin grafting and required 2 years of medical treatment. When she asked McDonalds to pay $20k to cover the remaining medical expenses which her insurance wouldn’t cover, they rebuked her with an offer of $800. During the case she offered to settle out of court with them for $20k and later $300k which they refused both times. During the case it was found there were 700 other similar court cases where McDonalds had settled out of court. |
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Joerg Platzer of Room77 is now on the speaker list.
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And yet he's willing to pay his own flight ticket, accommodation and speak for free. He also draws a good crowd that brings attention to lesser known developers. He's definitely good for Bitcoin.
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Update 19th July: payments are still stuck at 38%. Considering that those are 50% payouts, that means a good 76% of the claims. That's not 76% of claimants, but 76% of the total funds.
However given that nobody is doing anything, I've been talking with some of the people with large claims. They've proposed helping take over the process with me. I suppose we need to get written consent that Bitcoinica Consultancy doesn't exist or that if it does that the members resign. This allows Bitcoinica LP to take over and hand the payouts process to us. Technically Bitcoinica LP owns the assets.
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repentance: what do you mean get a lawyer? I don't have the ability to do that. I have no savings you know. I don't really take a wage (so there's more money for projects). Many of the Bitcoin developers are not in this for money... Bitcoin is something really special, interesting and quite new.
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- Tihan was fired, and no longer acting on behalf of Bitcoinica LP.
Who fired Tihan??
I'd assume the investment fund that he represented. Correct. |
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Call for papers is open. Email genjix@bitcoin2012.com with your proposals. Accepted papers announced at the end of August. |
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has anyone been paid out after the latest mtgox theft?
No. |
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Sane question before the trolls come in: Is Bitcoinica LP is heading for a receivership?
I don't have the contact of anyone from Bitcoinica LP to ask them... Also what's up with Donald?
We don't think it's a good idea now to touch the funds from Bitcoinica. We probably shouldn't have even taken on the claims process in the first place, but the pressure was immense and we wanted people to get paid back. Was Patrick handling the claims process by himself ?
No, multiple people had access to the claims process (including me). However, I believe it was Patrick and Tihan who had access to the funds. I'm don't think Tihan actually sent any payments. I think Patrick did all the MtGox USD payments, whereas BTC was done by many people (due to how bitcoins work). |
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I understand the new Bitcoinica owners found so many holes in the current code that they most likely decided to not to maintain and and instead develop a new platform from scratch. Unfortunately Bitcoinica came down before the new platform was ready.
The more I read the code, the more I see it is very very messy. I think the reason they'd want to rewrite it from scratch would have been for maintenability, not security. No, it was for security. Also Bitcoinica was losing money because its hedging algorithm was too simple, and during the last few months the site had negative profit. My role in the new Bitcoinica was to design a new hedging algorithm. The old algorithm simply had barriers that when reached would begin trading. These values were set manually on the site. I was designing better ways to assess the risk, and reduce it to acceptable levels (3 sigmas or more). And this is why:  From: http://bitcoinmedia.com/market-volatility-has-gone-down/Local volatility in the market has gone way down. In the beginning, Bitcoinica could have a non-optimal hedging algorithm and still profit. But now things are getting harder as the Bitcoin economy gets sharper. |
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Hi, Sorry for the hiatus, but I had to take a break to preserve my mental sanity. Here's the update: Update: here's the facts from my point of view: - Patrick quit. - Zhou quit. - Tihan was fired, and no longer acting on behalf of Bitcoinica LP. - Bitcoinica Consultancy were the new operators coming onboard, and the company was formed after the compromise to facilitate payments out. - Bitcoinica LP is the owner. The payments process is at a deadlock. Technically when a company is in debt, and cannot pay off its debtors in full, it hands the process to the government (called receivership). Bitcoinica LP would have to make a police report, and hand over the payments process as the owners. That's it basically. Just a standstill. Let me know if you have any suggestions. |
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Hi, Sorry for the hiatus, but I had to take a break to preserve my mental sanity. Here's the update (also in the OP): Update: here's the facts from my point of view: - Patrick quit. - Zhou quit. - Tihan was fired, and no longer acting on behalf of Bitcoinica LP. - Bitcoinica Consultancy were the new operators coming onboard, and the company was formed after the compromise to facilitate payments out. - Bitcoinica LP is the owner. The payments process is at a deadlock. Technically when a company is in debt, and cannot pay off its debtors in full, it hands the process to the government (called receivership). Bitcoinica LP would have to make a police report, and hand over the payments process as the owners. That's it basically. Just a standstill. |
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