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yeah, chump change in superscript is a good idea..i think ill use that in the future
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The target audience is people with 'general PC knowledge' hence the overall simplification.
yes people like me who don't know what the hell you programmers are talking about
btw can anyone explain how to partial quote?
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sepa is sort of a domestic batch process for the Eurozone...what I gather from Wikipedia anyway...only 4 years old ,not well implemented yet..similar to ach batches rather than instant wires...might be wrong though
I see 4 types imagined
domestic batches (sepa,ach) usually 3 day before batch is processed
international batches (not sure but pay processors like dwolla seem to fit the descrip) 7 dayprocess?
domestic individual instant wires ( what sepa is trying to implement ,swift) instant meaning same day
international instant wires (swift w iban account number) same day by 2pm plus hops
id appreciate any corrections as i'm interested in understanding normal processing time versus the current gox times..thanks
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the naming convention used is a plus and easy to understand...good explanation as always going forward so users are aware of whats happening..thumbs up
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ah, so the blank properties file is where it loads the config file..(user prefs) good explanation.i think I get it now
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if implemented please have toggle off as well for people like me who dont want it but don't mind if others do ..don't make it automatic( non forced features are the best)togglable features
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you mention adding a blank .properities to run locally on thumb drive(according to directions)...does this just auto use the local comps settings by import..i don't get it
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why choose 3 as a place for seperators....why not one after 4 places as in 1.2345,6789
much easier IMO although I prefer none
on that note ,realize that in usd , the value to make the last digit worth even a cent has to surpass
drumroll...1 mil !
a dime " 0.1 " " " " (at startup)
1 usd 0.01 (few tears ago)
10 usd 0.001 (recently)
100usd renders 0.0001 equal to one cent (currently)
1,000usd 0.00001 (possibly)
10,000usd 0.000001 not likely
100,000usd 0.0000001 dollar died by this time
1million usd 0.0000,0001 no contest- btc declared world currency
therefore anyone betting in the last four digits are joking around wasting time or expecting future winnings to be worth a few thousand dollars if the last scenario happens. betting at the fifth level and waiting for economic armegeddon might be worth it but most likley no one w food gives a rats ass about btc and people are knifing each other for that to happen!
btw is that an android v 20 you've got there (stab,stab!)
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insolvency just means assets that are not liquid enough to meet operating cash flow(incuding customer withdrawals).... maybe partially insolvent is the better term as 10 million is held illiquid in court...they still hold assets so are not bankrupt meaning all assets are falling near or below zero net worth and cant meet liabilities...standard function; total assets(a)= total liabilities(l) + net equity (E) even if equity is zero...they definitely are not bankrupt but its possible insolvency applies even if just at the edge of meeting operational cahflow
even if they win the case but lose the other fed case they may still be insolvent but less likey to fold as loans could be floated since they are provably a money maker with amount of daily v
olume ( although most of that volume was in april and may only)
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yeah I think their defense about breach of contract for noncompliance in registering is legit (although I think excessive regulation requirements are hindering startups)... would rather see gox win whos run the biggest exchange for 4 years than a business that isn't sure what its own buseness entails...seems theyre off on other ventures now funding companies while holding money of customers elsewhere...gox is in the right imo and the lab is wrong...a failed experiment hence why lab was in the name...lol
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i'm not responding to any person in particular...just trying to hash out the situation in my own brain...bcz im bored and talking to myself makes me seem looney tunes...which keeps away the heebie jeebies  |
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why does the first article have pwnz in the url...it makes it look like a malicious link
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it would be pertinent to have gox get loans floated to them to stay solvent until they receive the money back if they are expecting their evidence will win outright ,then payoff the loans w trust account won at trial
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same news site but different article (w 2 month 1 day difference...very up to date than the other) a good read ...seroiusly
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btc is high right now...buying now will bring losses unless you think its going 'to the moon' in the near future...realistically. wait until a low point near 115 or even 100 ....and asic miners ,,well you heard about them...in other words....WAIT!
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hopefully the other 5 mil of customer accounts was not used as startup or operating cash to buy licences shortly after the temporary deadline expired...that would be simple fraud just the same as mf global..customer account cash should stay separate from operating cash
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at this point im no fan of gox but in all honesty I think their motive for having the us proxy accounts(mut. sigil. ; wells fargo) was to keep most of the u.s. order book money necessarily off the books and out of the handling of dwolla except for that which was moving in/out as fiat transfers.... imagine 10 mil is on the books of u.s customers but only 25% (2.5 mil) was moving as fiat withdraw transfers with 75% or (7,5 mil )staying on the exchange and on the order books..there would be no reason to put the whole 10 mil in control of dwolla...even acting as agent in money transmitting doesn't mean they should not use the proxy accounts to keep effective control of u.s. order book money. ..and moving only whats needed monthly or quarterly for adjustment of the 'withdraw to fiat' percentages over to the acting transmitter agent 'dwolla'... the funny part is the new agreement was an exclusive u.s contract...were they going to effectively snub dwolla?(an iowa based company) ,,,or is dwolla more involved than first thought?(buyout of dwolla maybe?)owner of dwolla would stand to make a nice profit in a buyout...or was it a pure snub that was happening behind their backs...interesting
anyway I don't think the proxy accounts would need to be registered on the receive side from dwolla as long as the withdraw side of dwolla was the agent of transfer to customers in fiat and the withdraw account maintained correctly by gox...whers the law that says you cant transfer money to the agent of transfer so they can handle customer requests?.............its possible the silent shield was not from from federal prying eyes but merely a shield(firewall) between legitimate order book money and dwollas fiat withdraw account in case people at dwolla decided to run with the money they didn't necessarily need to have on hand.........anywho !!!
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$5,000,000 constructive trust ...?
That's a good move and a good idea. I suppose so ,however I was questioning ,does that mean a wind down of gox w full customer payback or is this trust to create a handshake to go forward on the deal...the statement of' not getting the transmitter license points to the previous rather than the latter...would a trust point to the windown of coinlab leaving gox in a position to stay solvent (once the trust is safely remitted back to gox) ? then of course theres still the 5 mil taken by the fincen treasury fellas ! btc seems like a joke right now and I thought would have potential beyond this amount of fraud but as a percentage of market cap in scale to the whole economy it seems on par and equal to fiat in that regard |
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