program

[btharper]

I'll just leave this here. Glad to see you've quickly recovered recovered from your three wine spritzers, usagi.

How solvent are your companies if you've lost your life savings and your wife is going to kill you?

glbse has shut down............

i just transferred 200 BTC to GLBSE.......

I am so sorry.. wtf.... glbse shut down.... i have been talking about this for days.. my life ssvings is gone,,,

Look guys I am asorrt...l I am  druni now.... its not my fault.. I will gibe you my work  money. My wife wil kil me.. I mk sorry I am sorry.. I am sorry..///

While this sort of thing will probably be embarrassing and in the long term and I'm sure Usagi isn't particularly excited about that post, who cares? I know I've been on the forums drunk before, it can be quite fun and makes a lot of the bullshit much funnier (I personally ended up going off on someone spamming links in the pyraming thread). That being said six hours (per timestamps) is plenty of time to sober up, worst case is he's got a hangover at this point. That being said I'd say it does mean he gives a shit about his investors and realizes that the situation sucks no matter how you look at it.

With this GLBSE thing, I hope that I'm still a shareholder in a few days.

I'm starting to think we should treat the site as though it is in a sort of beta.

GLBSE has had wording on the main page that it is in beta as long as I have been using it.

GLBSE might end up like GMail, there's probably going to be a very long beta and/or "beta" period. To keep from going too far off-topic, the best thread I've seen so far is at https://bitcointalk.org/index.php?topic=115467. Large upgrade/change, botched update, or FSA (British version of the SEC) looking into it and there are conversations with lawyers happening.

To rephrase my earlier question and avoid Guruvan's post. When do you believe that CPA or yourself will be able to maintain a consistent bidwall at 0.99 for NYAN.A again? As CPA is an insurance company and not an investment company the value of the markets should be of little consequence. Also, do you believe the interconnectedness of your companies is affecting their abilities to function?

[btharper]

While this sort of thing will probably be embarrassing and in the long term and I'm sure Usagi isn't particularly excited about that post, who cares? I know I've been on the forums drunk before, it can be quite fun and makes a lot of the bullshit much funnier (I personally ended up going off on someone spamming links in the pyraming thread). That being said six hours (per timestamps) is plenty of time to sober up, worst case is he's got a hangover at this point. That being said I'd say it does mean he gives a shit about his investors and realizes that the situation sucks no matter how you look at it.

I for one am not embarrassed. I do not run a mining company with hardware in the next room. If GLBSE closes, CPA closes, BMF closes, and NYAN closes. Poof. We just hold assets on GLBSE. That was in most of the contracts "...only invest ... GLBSE".

Yeah so I got drunk (first time in a month or two) and then this happened and I suddenly became very sick. Yes, I am a human being. Thank you for noticing.

If anyone plans to try and troll me over this it would be pretty pathetic but whatever.

You got drunk, I don't care, and I agree that it'd be a pretty weak point to attack you on. I figured the drunken post might be not be one of your proudest moments but I know you do hold your companies in high regard and that's admirable, I'd be more worried if you didn't.

With this GLBSE thing, I hope that I'm still a shareholder in a few days.

I'm starting to think we should treat the site as though it is in a sort of beta.

GLBSE has had wording on the main page that it is in beta as long as I have been using it.

GLBSE might end up like GMail, there's probably going to be a very long beta and/or "beta" period. To keep from going too far off-topic, the best thread I've seen so far is at https://bitcointalk.org/index.php?topic=115467. Large upgrade/change, botched update, or FSA (British version of the SEC) looking into it and there are conversations with lawyers happening.

To rephrase my earlier question and avoid Guruvan's post. When do you believe that CPA or yourself will be able to maintain a consistent bidwall at 0.99 for NYAN.A again? As CPA is an insurance company and not an investment company the value of the markets should be of little consequence. Also, do you believe the interconnectedness of your companies is affecting their abilities to function?

Right now people are just selling because they want out of GLBSE. We only hold GLBSE assets. If the entire GLBSE tanks, please don't expect me to sell my car and my computer because someone on the GLBSE invested in something that they did not understand. I am sorry people lost money but I was very very clear and open about what I was doing.

Without access to the assets and bitcoins on GLBSE there is really nothing I can do -- I don't even have a list of shareholders so even if I had mining hardware there would be no place to send it.

The current plan is for GLBSE to come back up at some point, what happens is up in the air still since no official news has been published. We all just have to wait and see. And while GLBSE is down there's nothing to be done about any of it anyway, that's not the worry.

What I'm wondering is (provided GLBSE is functioning as expected of an exchange) when can CPA provide the appropriate bidwall for NYAN.A? Or is CPA not currently able to provide for a bidwall at this time?

[Bitcoin Oz]

Usagi owns some shares in  BitcoinRS for NYAN.B and if its any consolation one of our dogs just won lol.

http://youtu.be/NTD7pmqojys

If all else fails there is at least one thing not related to bitcoin where NYAN made a difference, and still holds shares even if glbse goes down. We have enough dogs to keep going for the next 3-5 years without any more investment, maybe longer.

[Puppet]

Nice to know. We put 100 bitcoins into BITCOINRS

And bitcoinrs put 200+ BTC in Nyan. One loop after another. Small wonder if things go downhill they suddenly come crashing down. Dont you guys understand what you are doing?

If the entire GLBSE tanks, please don't expect me to sell my car and my computer because someone on the GLBSE invested in something that they did not understand. I am sorry people lost money but I was very very clear and open about what I was doing.

That someone is you, right?
And for the record, I  do expect you to sell your personal stuff if thats what it takes to meet your contractual obligations that dont mention a "void if GLBSE prices go down" clause. FFS you run an "insurance" company, the only point of having an insurance is for when things do go down. An insurance company that takes premiums when there is no problem, and doesnt pay out when there are problems isnt an insurance company, its a scam.

Without access to the assets and bitcoins on GLBSE there is really nothing I can do -- I don't even have a list of shareholders so even if I had mining hardware there would be no place to send it.

IF GLSBE closes I expect a claim code system as with Goat. So you will know where to send the coins you owe to your investors. And why do you say "if"? You have for ~350 BTC worth of hardware on your NAV sheet. Surely you mean "when"? You could just cancel the order and refund the people who paid for it in the first place.

[Puppet]

And for the record, I  do expect you to sell your personal stuff if thats what it takes to meet your contractual obligations that dont mention a "void if GLBSE prices go down" clause. FFS you run an "insurance" company, the only point of having an insurance is for when things do go down. An insurance company that takes premiums when there is no problem, and doesnt pay out when there are problems isnt an insurance company, its a scam.

You're an idiot, we DID pay out. And no I will not be selling my stuff because you are too lazy to read a contract and just blindly throw money at a dartboard. Do I really need to quote the CPA contract to you again? This has been explained to you ten times over.

1b. Risk
...CPA exists to provide shareholders with exposure to all losses associated with writing insurance on customer assets. Our value may decline dramatically in the event of lage or widespread default.

It says your value may decline. No shit einstein, thats only a worry for CPA shareholders who are already screwed anyway. Where does it say a "lage (sic) or widespread default" discharges you of your liabilities? Particularly regarding Nyan.A.

Anyway, if GLBSE is closing down due to the SEC, you have far bigger worries.


Common violations that may lead to SEC investigations include:

Misrepresentation or omission of important information about securities  Check
 
Manipulating the market prices of securities Check
 
Stealing customers' funds or securities
 
Violating broker-dealers' responsibility to treat customers fairly Check
 
Insider trading (violating a trust relationship by trading on material, non-public information about a security) Check
 
Selling unregistered securities. Check

http://www.sec.gov/news/newsroom/howinvestigationswork.html

[Bitcoin Oz]

Its kinda redundant if glbse doesnt come back 

[Yolocoin]

Huh? Oh, weird.. Maybe I entered 0.2 by mistake when I meant to enter 0.02? Hmm. Well I'll change it to IPO price.

Why would you change it to IPO price? What is your reasoning that fair market value is 10x the current highest bid and 5x the 5 day average?
Missing a zero could be an honest mistake.  Deliberately inflating your asset value by 10x is not.

Here's a question for you:

Can you explain WHY people are selling to 0.02 on an asset that has had no negative news, is currently in operation, and run by the same guy who runs Satoshidice?

I'm all ears.

Because Twitter advertising is a waste of time, money, and energy. IMO, .02 is FMV for FZB.  unless you've got some earning numbers to support it. Further, Twitter isn't the most reliable when it comes to operating through their platform....they tend towards arbitrary rule changes (sound familiar, usagi?) Finally, basing a company completely off another company's platform, fixing all your revenue to that other company's performance, and continued production of the product yours is based off of, and contued permission/potential for you to actually base your product off theirs is a recipe for a short lived business. Twitter could kill FZB in an instant with a rule change, or in other ways changing their platform. There's plent of example of, say MSFT doing this to companies. I said most of this (to Erik) when FZB first came out. It's still true now. If I needed one more thing: Erik seems to move quickly onto new projects - I don't suspect FZB will be much improved over its life.

In fact, I wouldn't even pay .02 for it. It's done nothing but fall since IPO. (usagi's favorite kind of issue to invest it!! )

just in case

[TheBible]

...

Stop posting here. You're banned from this thread. Why are you posting here when you know you are in violation of this forum's policy?

What policy?  Anyone is allowed to post here.  Hell, they still let Atlas post here.  You clearly don't have the power to ban users in this specific thread, and you have zero authority to compel them to stop.  

If you don't want people casting light on your insurance scam, don't run one.

[Yolocoin]

...

Stop posting here. You're banned from this thread. Why are you posting here when you know you are in violation of this forum's policy?

What policy?  Anyone is allowed to post here.  Hell, they still let Atlas post here.  You clearly don't have the power to ban users in this specific thread, and you have zero authority to compel them to stop. 

I find it funny that "free speech" only seems to apply to "stuff that I like" and not "stuff I don't like." 

And for the record, I  do expect you to sell your personal stuff if thats what it takes to meet your contractual obligations that dont mention a "void if GLBSE prices go down" clause. FFS you run an "insurance" company, the only point of having an insurance is for when things do go down. An insurance company that takes premiums when there is no problem, and doesnt pay out when there are problems isnt an insurance company, its a scam.

You're an idiot, we DID pay out. And no I will not be selling my stuff because you are too lazy to read a contract and just blindly throw money at a dartboard. Do I really need to quote the CPA contract to you again? This has been explained to you ten times over.

1b. Risk
...CPA exists to provide shareholders with exposure to all losses associated with writing insurance on customer assets. Our value may decline dramatically in the event of lage or widespread default.

It says your value may decline. No shit einstein, thats only a worry for CPA shareholders who are already screwed anyway. Where does it say a "lage (sic) or widespread default" discharges you of your liabilities? Particularly regarding Nyan.A.

Anyway, if GLBSE is closing down due to the SEC, you have far bigger worries.


Common violations that may lead to SEC investigations include:

Misrepresentation or omission of important information about securities  Check
 
Manipulating the market prices of securities Check
 
Stealing customers' funds or securities
 
Violating broker-dealers' responsibility to treat customers fairly Check
 
Insider trading (violating a trust relationship by trading on material, non-public information about a security) Check
 
Selling unregistered securities. Check

http://www.sec.gov/news/newsroom/howinvestigationswork.html

[capn noe]

q: We paid for insurance and it is time for that insurance to do it's contractually obligated function.


a: YOU ARE AN IDIOT AND BANNED FROM MY THREAD

I literally just saw this happen. How long until Usagi gets the scammer tag? NYAN may not have been a complete scam, but CPA most certainly seems to have been an outright fraud.