Dear xxxxx
I hope your well.
... *you're. ur welcome |
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...What do you want from me?...
... Puke, suck down some water, and sleep it off. You're an embarrassment to everyone now, zumzero. Stop being such an embarrassment  ty |
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its people's choice to take risk
Sure, til your investings [predictably] turn to shit, broke you gets on the dole, and who foots the bill for those government subsidies to the needy and unfortunate? Thaaat's right, NotLambchop, that's who. Muh taxes pay for your intrepid investingz |
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Didn't I just tell you to go sleep it off? Didn't i tell you to GTFO Active Mining when it was trading above IPO?
Yes, I did.
You didn't listen then either.
How now, brown cow?
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...
Capture him and do what?
(I know what I'd like to do and it wouldn't be pleasant)
Catch and release?  (If he's anything like the coon I had once, taking him a few towns over won't help--he'll come right back ) |
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Zumzero. Stop gettin' all highfalutin and sanctimonious on us, you're drunk. Puke, suck down some water, and sleep it off. You're an embarrassment to everyone now, zumzero. Stop being such an embarrassment |
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Again, operating at your level means backing the wallet.dat up to a couple of flash drives, no need for any formal DRP or delegation of anything.
How will backing up wallet.dat to a couple of flash drives work if your house burns down?... By not keeping both of them in your house. inb4 what if both your house and your bank safe-deposit box burn down: Hopefully this doesn't happen simultaneously, leaving you a copy to dupe. If both your house and your bank do burn down simultaneously: you don't care because nuclear war/Armageddon. |
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 Nice one guys. Way to make me feel irrelevant Edit: Did anyone else see that glitch on stamp? |
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You're right Dutchy. Living anything more than the life of a pauper means that Lab Rat is absconding with our investment...
>Investment hahaha owow |
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This price is only marginally affected by the amount of gold above ground or the number of brilliant and rare NotLambchop originals.
Simple.
Now you now.
The current price is not affected, no. We are talking about a future price in the hypothesis of success and full adoption as a global store of value and unit of transfer. It is not that the quantity of above ground gold changes anything, but it is about the wealth that it represents today in relation with the functions that it plays today. First, let's deal with a few misconceptions. The amount of gold in the world does not represent the total "wealth" of the world. Nor does the combined total of gold and silver. Nor does the combined total of gold, silver, cowrie shells and NotLambchop originals. Another strange loop you enter into when giving (total fiat /total bitcoin) ratios is "what happens with total fiat after such an exchange?" In other words, if each Bitcoin, in a quest for world domination. is sold for the equal share of the world's fiat supply, what is that huge pile of fiat worth after the sale? Nothing? Than why would the seller of bitcoin make such an unprofitable deal? Half of what it was worth before the sale? And what of the gold, which wasn't part of that exchange? Such fundamental misunderstanding here... |
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^Simply pointing out AlexGR's broken logic. It may be unlikely that I'll be paid 180k tons of gold for my piece of toilet paper, though the ratio I have presented is correct.
The ratio presented by AlexGR is also correct, and equally meaningless.
If you were into numismatics you'd understand the meaning of mintage and scarcity. There is a reason why a 1933 double eagle costs 7 million dollars: http://en.wikipedia.org/wiki/1933_double_eagleScarcity. I'm not, but if you were into collecting art, you'd know that a signed 2014 NotLambchop original is far more rare. Scarcity. There is a reason why 42 costs like 20 BTC. Scarcity & ratios.
You might not understand the scarcity factor but A LOT of people do understand it and invest insane amounts of money to acquire scarcity.
It's clearly you who doesn't understand scarcity. Even after I elaborated that only one original, signed Toilet Paper Square With Words by NotLambchop, exists. Just one. If it was any more scarce none would exist. Imagine that? There is no "correct" or "wrong" rationality, it's just what different people value. For you a 1933 double eagle might be more like 1 oz of gold that is scrap metal - just like a 1932/31/30/29 etc. For another it is worth 7.5mn dollars. That's just how it goes.
As I write this, the price of 1 BTC on Bitstamp is $568.88. Anyone paying substantially less is getting a deal, anyone paying substantially more isn't. This price is only marginally affected by the amount of gold above ground or the number of brilliant and rare NotLambchop originals. Simple. Now you now. |
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^Simply pointing out AlexGR's broken logic. It may be unlikely that I'll be paid 180k tons of gold for my piece of toilet paper, though the ratio I have presented is correct.
The ratio presented by AlexGR is also correct, and equally meaningless.
As a margin note, I'm cautiously optimistic about getting srs money for my autographed square of toilet paper. Picasso paid for his meals by scribbling on napkins, just think what a NotLambchop original is worth! It has intrinsic value (using finance definition of the phrase)--it's an integral part of Western personal hygiene, above and beyond its obvious artistic merit (intrinsic value as defined in philosophy + economic speculative value).
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...
Gold above ground: 180k tons
BTCs in circulation: ~12m (minus the lost ones)
Average ratio of gold per BTC = 15kg of gold for 1 BTC
By the same ratio, 1 BTC = 15kg of gold (in terms of scarcity) = 600k USD+ in terms of value per coin.
... Pieces of toilet paper, signed by NotLambchop, currently above ground: One. Average ratio of gold per toilet_paper_signed_by_NotLambchop: 180k tons to 1.I see potential here... |
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I am happy with the decisions and progress with this project. Anyone reading this thread needs to consider the agendas of those who seem upset at how things are developing. Bitcoin securities are the riskier end of high risk. Do your own research; have the courage of your convictions.
Lol, welcome to the forum, Door! Thanks for sharing your enthusiasm in this offering, and for warning us about folks with hidden agendas! I know you yourself are srsly legit 'coz shills have to wait 'till the *third* post before doling out helpful advice--you did it in your second   |
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Nah, I just see your sudden appearance in this thread as an unpleasant omen  And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, to kill with sword, and with hunger, and with death, and with the beasts of the earth.
Scroll back. I've been here since the beginning at Havelock... My involvement in the Cog liquidation is purely that at the end someone was needed to prevent a lose-lose situation. I had had nothing to do with cog upto that point so was chose as an impartial outsider. In your lovely quote, hell doesn't follow me, I jump into hellish situations and try to bring the temperature down. If you want to indulge in looking for bad omens and bible quotations though I suggest watching Supernatural. Quite a fun show really. Shall we return back on topic? We are on topic. You are no more guilty of the inevitable than the fourth rider--just someone who shows up when when the seal's already broken and bad shit's to be done. Or an executioner rigging the gallows. Simply not a happy occasion, nothing more. *But great job of keeping the COG bagholders from going for their pitchforks, nicely done  |
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@MPalokaj: You're the guy who got on the scene and "liquidated" COG, amirite?
I'm the one who oversaw a controlled demolition. I didn't make the decision and simply tried to make the best of the situation. Naturally some individuals do their best to act out their frustrations on me, I understand that. The simple fact is that if the project owner would have done communication it would have turned into a mess that would left everyone in a worse situation. There was no saving that project, only making the end as painless as possible. If you want to discuss details I'm happy to answer any questions over PM. The Peta thread is not the right location to discuss other projects. Nah, I just see your sudden appearance in this thread as an unpleasant omen And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, to kill with sword, and with hunger, and with death, and with the beasts of the earth. |
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@MPalokaj: You're the guy who got on the scene and "liquidated" COG, amirite?  |
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For anyone missing brain cells, which is apparently a large number of people on this thread:
-VIRTUAL SHARES ARE DEREGULATED, EXTRALEGAL SECURITIES, NOT SUBJECT TO RULES GOVERNING TRADITIONAL INVESTMENT.
... Cap lock = TRUTH. Virtual shares have little in common with IRL securities. But we are forever indebted to those fooled by these recreational simulacra--without believers, who'd buy our ersatz sharez? Correct, however contracts are still legally binding and the prospectus we read when purchasing the shares was our contract with Cryptx. The prospectus did not say 'shareholders with 5% will get a vote' it said that shareholders would get a vote. "Legally binding" is a meaningless phrase without a viable enforcement framework. [see: Regulation] You're dealing with a BVBA (foregnese for LLC) selling unregistered securities to non-accredited investors through an unlicensed Panamanian exchange. Which country's laws are we planning to invoke? Who'll foot the bill for teh multinational legal team? Details like that make legal recourse impractical if not outright lulzy. |
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Good news, everyone! I can justify you not being asked to vote with your voting shares thusly: Investopedia explains 'Class B Shares'
For example, one Class A share may be accompanied by five voting rights, while one Class B share may be accompanied by only one right to vote, or vice versa. A detailed description of a company's different classes of stock is [err... might be--ED] included in the company's bylaws and charter. See? All shares have voting rights, but some have more voting rights than others.  |
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For anyone missing brain cells, which is apparently a large number of people on this thread:
-VIRTUAL SHARES ARE DEREGULATED, EXTRALEGAL SECURITIES, NOT SUBJECT TO RULES GOVERNING TRADITIONAL INVESTMENT.
... Cap lock = TRUTH. Virtual shares have little in common with IRL securities. But we are forever indebted to those fooled by these recreational simulacra--without believers, who'd buy our ersatz sharez? |
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