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1082
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Economy / Securities / Re: Suggestion to security issuers: Sell in bulk, have somebody else distribute.
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on: September 27, 2012, 02:02:42 AM
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For instance, if you're starting a mining company or whatever, you can just sell your shares in bulk packages at a discount to other people. Then rely on those people to sell them on exchanges like the GLBSE, MPEX and Cryptostocks.
I recommend this because I don't think it's wise to rely on any single exchange but the issuers themselves.
"Not relying on exchanges." I've been hearing that a lot lately. The idea of exchange-independent, yet somehow verifiable securities is really hot right now. Wonder why. Maybe because Nefario has been acting stubborn, childish, and has lost people money; MPEX looks really shitty and shares its domain name with child porn; cryptostocks is a pile of ponzi schemes, and Open Transactions has yet to be bootstrapped (issuers want customers; customers want issuers). The judicious use of the semicolon in this post was done intentionally; the author believes it to be correct. |
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1083
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Economy / Securities / Re: Done with GLBSE
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on: September 27, 2012, 01:58:36 AM
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Yes, it makes sense to us rational people. However I think the only way they will agree on anything is if they pay for an arbitrator.
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1084
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Economy / Speculation / Re: 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM
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on: September 27, 2012, 01:48:55 AM
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1) this is the god damn pirate wallet, 90%+ confidence.
2) built this year, starting right when his scam was ramping up
3) died when the scam died
4) rule out Gox / Silk Road, and it's only Pirate left:
4a) SR does 22M in business per year, profits about 1M, and is likely quickly converted to USD
4b) Gox isn't that stupid, wouldn't build a 500kBTC wallet (that's 5% of ALL btc) and this is not how a Gox cold storage wallet would look (why is it built in weekly / monthly regular headshots? only during this yr? ending with a super-launder?)
It's Trendon
Re. 4a) This doesn't need to be SR's profits. It's just the BTC they're currently holding. Customers deposit BTC at SR then trade them with sellers. While the BTC are on the site, they need to keep them safe. Hence the use of this offline wallet. Since the address became public knowledge they've split the contents up into several smaller addresses to avoid scrutiny. Re. the other points, that's useless circumstantial evidence and doesn't prove anything. It's SR. Evidence is compelling. Besides, if Pirate kept his booty in bitcoin, he likely wouldn't have more than 100,000ish; most of his deposits were imaginary. Are we STILL talking about this? SR deposit -> 1-hop to the 1Dky wallet. End of story. |
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1085
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Economy / Securities / Re: Done with GLBSE
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on: September 27, 2012, 01:46:28 AM
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Nefario and Goat need to use judge.me. Submit to arbitration and be done with it. They even accept Bitcoin.
How I see it:
Nefario is being stubborn and singing "la la la" with hands over his ears while Goat tells him about the double-spend problem and general fraud problem with the idiotic "code" system.
Goat is being stubborn and singing "la la la" with hands over his ears while refusing to agree to anything.
Nefario should come up with a better system than the damn codes, and Goat should help him come up with this system.
But I'm not a paid arbitrator.
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1089
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Economy / Speculation / Re: OK I bought 1,000,000 Bitcoins... now what?
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on: September 25, 2012, 01:42:06 AM
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The current moving Bitcoin economy could probably survive using a single Bitcoin.
That depends if you count the investments and savings floating around. I'd say the actual 'hot' coins that are being actively sent around could probably scrape by on one coin. i'm making a bitcoin fork infinite divisibility supply will start with 1 coin which i will sell of at the exchange mining will only get reward with fees  Actually, I'm pretty curious how you would go about making it infinitely divisible. Obviously, you could get pretty far, but infinite is a lot. No, I wasn't kidding, I'm curious as a programmer. look up varint But if RAM + HDD isn't enough bytes, you still won't be able to do it. Infinity is a lot to store on a finite working set.  (I would try to create a transaction worth 0.000000031415926535897932384626... and just calculate pi as the tx is generated  ) |
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1090
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Economy / Speculation / Re: 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM
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on: September 25, 2012, 01:30:36 AM
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Oh ffs guys. Getting on SR is DEAD SIMPLE. If you don't believe dooglus' analysis or my post from PAGE 4 OF THIS THREAD then do your own goddamn experiment and post the results  Exactly, if you don't believe dropt, why not just check the SR yourself? I made a withdrawal from SR myself just the other day, and posted the address here. That's the easy part. Now I (or someone) will have to find the time to compile znort's tool and do the taint analysis. dropt didn't do that. He firebugged a screenshot. (I could be wrong here. up to him to prove it.) I'm interested in actual truth about 1Dky. not endless banter "its pirate!" or "its SR!". and not fake screenshots. It's a damn shame you didn't do so before SR stopped using 1Dky. I am a happy man, because I know for a fact that I wasn't lying to myself, and it would be pretty hard for dooglus to lie to me because the payments are embedded in the blockchain for all eternity. |
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1091
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Economy / Securities / Re: Looking for reliable security to invest in.
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on: September 25, 2012, 01:25:22 AM
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You're gonna lose your coins  The only way to avoid this is to use BTC for escrowed or high-trust / low-value transactions only; never give your coins long-term to an exchange, deposit-taker, website, etc. That said, why not buy COGNITIVE? A mining company owned by a teenager, and I trust it more than MPEX. |
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1094
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Other / Meta / Re: What's in a scammer tag?
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on: September 23, 2012, 01:49:39 AM
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Scenario 2 is not a scam. Someone said he would pay 1% interest on the money you send him and instead he just send back your money after one year. How the hell is this a scam?
Now the reason becomes apparent. "Someone" was basically borrowing at 100% weekly interest, and defaulted on the interest. Money has what we call "time value," and scenario 2 is a theft of time value. |
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1095
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Economy / Service Discussion / Re: glbse fees
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on: September 23, 2012, 01:40:05 AM
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GLBSE fees have always made perfect sense to me; they're set up the way they are to encourage liquidity.
If you buy an asset at the 'ask' price, thus taking that ask order off the books, you pay a fee. If you sell an order at the 'bid' price, you pay a fee. If you put a limit order ON the books, increasing liquidity, you won't pay a fee even when someone matches your order.
I almost never pay fees.
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1097
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Bitcoin / Project Development / Re: GLBSE 2.0 open for testing
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on: September 23, 2012, 01:29:44 AM
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Can we get history added to the API please? Basically the js array included in the HTML; one for trades and one for dividends. It would make graphing things like Price + Total Dividends - IPO Price easier. |
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1098
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Bitcoin / Project Development / Re: GLBSE - request for next features
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on: September 23, 2012, 01:06:00 AM
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Allowing people to place multiple bids with the same BTC results in lots of what I see as spam orders, it's happened every time I've allowed it.
What's wrong with spam orders? Just the graph? That's been useless forever. Other than spam orders that already mess up the graph, there's nothing wrong with them. They'll either get auto-removed or filled by a seller, which makes them real orders. |
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1099
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Economy / Goods / Re: Accepting BTC for surplus technology
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on: September 22, 2012, 05:16:45 PM
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Can you post some pics and quotes?
Thanks.
Please please PLEASE search for 'motor' on the inventory page and link what you are interested in. Pics have already been taken, and a rule of thumb price attached. ok thanks |
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1100
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Economy / Goods / Re: Accepting BTC for surplus technology
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on: September 22, 2012, 04:10:07 PM
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Got any window motors? Jaguar controllers? Spike relays?
Building a robot? haha. Why not? Got any window motors? Jaguar controllers? Spike relays?
Motors of many sorts, including the steppers mentioned ^. No and no on the controller and the relays. Can you post some pics and quotes? Thanks. |
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