Aug 31 05:50:14 <mircea_popescu> dude, it's just funnay. you've been trading with yourself to give the appearance of volume to that turd of yours, and now you accuse me of doing it ? lol.
Aug 31 05:50:24 <mircea_popescu> im sure it'll stick. what with you being credible and all.
Aug 31 05:50:41 <mircea_popescu> kakobrekla im actually starting to suspect more than glbse. a bunch added this month, too.
Aug 31 05:51:38 <kakobrekla> ballpark number?
Aug 31 05:51:39 <BTC-Mining> mircea, stop deluding yourself... if you don't make an interface like a broker and insist on having a stock exchange backbone and only allow quality companies IPOing, you'll need brokerage platforms like GLBSE
Aug 31 05:51:53 <BTC-Mining> Which acts like any bank's online brokerage service
Aug 31 05:51:54 <mircea_popescu> more than 100 less than 1k.
Aug 31 05:52:26 <mircea_popescu> BTC-Mining i would like better run platforms tho.
Aug 31 05:52:46 <BTC-Mining> It's a beta... it's not even supposed to be finished yet...
Aug 31 05:52:50 <mircea_popescu> right.
Aug 31 05:52:52 <BTC-Mining> People just started using it
Aug 31 05:53:18 <mircea_popescu> lol. you are aware glbse was scamming investors back in june last year right ?
Aug 31 05:53:46 <Ignatius-otc> I wasn't aware, links?
Aug 31 05:53:57 <BTC-Mining> You should show proof indeed.
Aug 31 05:54:28 <mircea_popescu> Ignatius-otc SIN. LIF.A LIF.B LIF.CX. SMM. DISHWARA. PBJ. UBTC. BitFlowSys. GEM. SLV. BID. USGOLD. BB. SDM.
Aug 31 05:54:31 <mircea_popescu> forum's your friend.
Aug 31 05:54:43 <mircea_popescu> add it all up, it comes up to more than the most recent pirate thingee.
Aug 31 05:55:08 <mircea_popescu> this if we look the other way and pretend to not notice that giga's thing went from 1.5 to .8 in the time it took it to pay ~.2 in dividends.
Aug 31 05:55:13 <BTC-Mining> Was any of those asset issued by Nefario?
Aug 31 05:55:44 <mircea_popescu> o dude i dunno, there was this guy that came and stole your money in my house ?! odd dood...
Aug 31 05:56:02 <mircea_popescu> o, you mean we were all friendly and all ? well... ya, it happens, you know... investin'.
Aug 31 05:56:05 <mircea_popescu> in da hood.
Aug 31 05:56:15 <mircea_popescu> free market!
Aug 31 05:56:50 <assbot> [MPEX] [F.GIGA.ETF] 1417 @ 0.00079232 = 1.1227 BTC
Aug 31 05:56:56 <BTC-Mining> glbse clearly state they're not regulating what's getting on the platform and to investigate the issuer yourself
Aug 31 05:57:17 <mircea_popescu> and this clearly is a flawed business model.
Aug 31 05:57:27 <BTC-Mining> Also Gigamining paid over 0.4BTC in dividends so far
Aug 31 05:57:43 <assbot> [MPEX] [S.MPOE] 1200 @ 0.0003934 = 0.4721 BTC [-]
Aug 31 05:57:55 <mircea_popescu> !pl gigamining 1.5
Aug 31 05:57:56 <assbot> Requesting data from GLBSE (might take a while).
Aug 31 05:57:59 <assbot> GIGAMINING [
1@1.5BTC] paid: 0.41490096 BTC. Last price: 0.82 BTC. Capital gain: -0.68 BTC. Total: -0.26509904 BTC. (-17.7%)
Aug 31 05:58:15 <mircea_popescu> 41 the man says, but you got a point there.
Aug 31 05:58:33 <mircea_popescu> -17% in 4 months is not so bad, given the alternatives on glbse.
Aug 31 05:58:57 <BTC-Mining> don't forget that GIGAMINING is not completly fixed, it upgrades
Aug 31 05:59:06 <mircea_popescu> im just working on past data.
Aug 31 05:59:20 <mircea_popescu> the future's outside the scope of this conversation.
Aug 31 06:00:38 <mircea_popescu> .py 0.823 ** 3
Aug 31 06:00:41 <markac> 0.557441767
Aug 31 06:00:43 <assbot> [MPEX] [F.GIGA.ETF] 7600 @ 0.00080907 = 6.1489 BTC
Aug 31 06:01:37 <mircea_popescu> half yer money in a year, who can argue with that.
Aug 31 06:01:56 <Obsi> !pl futurefund 0.0001
Aug 31 06:01:56 <assbot> Requesting data from GLBSE (might take a while).
Aug 31 06:01:59 <assbot> FUTUREFUND [
1@0.0001BTC] paid: 1.625E-5 BTC. Last price: 0.000116 BTC. Capital gain: 1.6E-5 BTC. Total: 0.00003225 BTC. (32.3%)
Aug 31 06:01:59 <assbot> [MPEX] [S.MPOE] 39701 @ 0.0003934 = 15.6184 BTC [-]
Aug 31 06:02:00 <assbot> [MPEX] [S.MPOE] 34008 @ 0.00039526 = 13.442 BTC
Aug 31 06:02:01 <assbot> [MPEX] [S.MPOE] 5519 @ 0.00039584 = 2.1846 BTC
Aug 31 06:02:02 <assbot> [MPEX] [S.MPOE] 10372 @ 0.0003959 = 4.1063 BTC
Aug 31 06:02:03 <assbot> [MPEX] [S.MPOE] 17400 @ 0.00039624 = 6.8946 BTC
Aug 31 06:02:04 <assbot> [MPEX] [S.MPOE] 37900 @ 0.00039662 = 15.0319 BTC
Aug 31 06:02:05 <assbot> [MPEX] [S.MPOE] 39000 @ 0.00039689 = 15.4787 BTC
Aug 31 06:02:06 <assbot> [MPEX] [S.MPOE] 11800 @ 0.00039712 = 4.686 BTC
Aug 31 06:02:07 <assbot> [MPEX] [S.MPOE] 27922 @ 0.0003973 = 11.0934 BTC
Aug 31 06:02:08 <assbot> [MPEX] [S.MPOE] 6378 @ 0.00039781 = 2.5372 BTC
Aug 31 06:02:16 <Ignatius-otc> I fail to see a direct connection showing collusion by GLBSE staff.Aug 31 06:02:31 <kakobrekla> when are smpoe div commin out
Aug 31 06:02:35 <Ignatius-otc> Next time you are looking at one mp, please forward it along.Aug 31 06:02:39 <mircea_popescu> tomorrow about this time kakobrekla
Aug 31 06:02:46 <kakobrekla> k
Aug 31 06:02:49 <mircea_popescu> Ignatius-otc mkay, lets see here
Aug 31 06:02:51 <BTC-Mining> yes, yes... and you're completly ignoring why the price is currently low and declare it as a linear loss of value
Aug 31 06:03:01 <Chaang-Noi> !pl gigamining 1
Aug 31 06:03:02 <assbot> Requesting data from GLBSE (might take a while).
Aug 31 06:03:15 <Chaang-Noi> i bought in at 1
Aug 31 06:03:37 <BTC-Mining> Didn't gigamining IPO at 1 by the way?
Aug 31 06:03:39 <assbot> GIGAMINING [1@1BTC] paid: 0.41490096 BTC. Last price: 0.82 BTC. Capital gain: -0.18 BTC. Total: 0.23490096 BTC. (23.5%)
Aug 31 06:03:39 * asa has quit (Ping timeout: 246 seconds)
Aug 31 06:03:46 <Chaang-Noi> yes i bought a huge amount at 1
Aug 31 06:03:52 <BTC-Mining> Making it a 0.20 loss for 0.40 dividend?
Aug 31 06:04:07 <Chaang-Noi> yeah i think i did well
Aug 31 06:04:07 <mircea_popescu>
https://bitcointalk.org/index.php?topic=35775.msg699659#msg699659 you can start there Ignatius-otc
Aug 31 06:04:17 <mircea_popescu> BTC-Mining why is the price currently low ?
Aug 31 06:04:23 <Chaang-Noi> i also sold some very near 1.5
Aug 31 06:04:36 * asa (~asa@31.7.59.226) has joined #bitcoin-assets
Aug 31 06:04:48 <Ignatius-otc> I would normally just do the work myself mp, but I have already went on a wild goose chase once today. To read about Chaang and his glbse "scandal". Wasn't worth my time and didn't prove Chaang dishonest or doing wrong.
Aug 31 06:04:51 <Ignatius-otc> ok ty for the link
Aug 31 06:05:20 <BTC-Mining> The price of bitcoin more than doubled since it IPOed and mining difficulty has been raising accordingly
Aug 31 06:05:23 <mircea_popescu> Chaang-Noi is just front and center in pretty much any drama, but other than that it's not clearly proven he's dishonest.
Aug 31 06:05:26 <mircea_popescu> just a little silly at times.
Aug 31 06:05:43 <BTC-Mining> Thus price lowered, however Gigamining's rig should get upgraded.
Aug 31 06:05:43 <mircea_popescu> BTC-Mining and we should discount this for what reason ?
Aug 31 06:05:52 <Chaang-Noi> means a great deal coming from you mircea
Aug 31 06:05:59 <Chaang-Noi> i would ahte for anyone to think we were friends
Aug 31 06:06:14 <mircea_popescu> lol
Aug 31 06:06:17 <Chaang-Noi> yeah im very happy with giga stock
Aug 31 06:08:11 <BTC-Mining> <@assbot> GIGAMINING [1@1BTC] paid: 0.41490096 BTC. Last price: 0.82 BTC. Capital gain: -0.18 BTC. Total: 0.23490096 BTC. (23.5%)
Aug 31 06:08:25 <BTC-Mining> 0.41 paid, -0.18 capital gain, net +23.5%
Aug 31 06:08:37 <BTC-Mining> Gigamining's price at IPO wasn't bad
Aug 31 06:08:42 <mircea_popescu> as long as we're making scenarios, you could have bought at 1 sold at 1.5
Aug 31 06:08:44 <mircea_popescu> some people did.
Aug 31 06:08:55 <BTC-Mining> aye, and some people overpaid the stock
Aug 31 06:08:58 <mircea_popescu> more's the point, on any stock chart you can make these imaginary paths where you win money no matter what happens.
Aug 31 06:09:09 <mircea_popescu> with the benefit of knowing the future, that's grea.t
Aug 31 06:09:30 <BTC-Mining> Indeed, you could, assuming you can foresee the future... unfortunatly you can't
Aug 31 06:10:23 <Chaang-Noi> im glad im friends with james
Aug 31 06:10:30 <Chaang-Noi> and let me in on the ipo
Aug 31 06:10:42 <mircea_popescu> it was public on the forums wasn't it.
Aug 31 06:10:51 * blazing (~lew@38.105.30.224) has joined #bitcoin-assets
Aug 31 06:11:01 <BTC-Mining> hmm...
Aug 31 06:11:59 <mircea_popescu> ;;ticker
Aug 31 06:12:00 <gribble> Best bid: 10.78001, Best ask: 10.79, Bid-ask spread: 0.00999, Last trade: 10.78, 24 hour volume: 29529, 24 hour low: 10.6, 24 hour high: 10.907
Aug 31 06:18:16 <assbot> [GLBSE] [BITBOND] 2 @ 0.4693 = 0.9386 BTC [-]
Aug 31 06:19:50 <Ignatius-otc> mircea_popescu: what measures are in place on mpex to prevent a lif.* like asset from defaulting in the way the thread you linked to me describes?
Aug 31 06:20:31 <assbot> [GLBSE] [V.HRL] 1 @ 1 BTC
Aug 31 06:20:39 <Ignatius-otc> does mpex have investment funds? if so, when they are poorly managed and lose most/all btc...how would this play out any differently if the exchange were mpex instead of glbse
Aug 31 06:20:40 <Chaang-Noi> there is not money traded on mpex so nothing can be lost
Aug 31 06:20:42 <mircea_popescu> i don't allow random people to list.
Aug 31 06:20:50 <mircea_popescu> Chaang-Noi now why do you insist to lie on the matter ?
Aug 31 06:21:13 <Chaang-Noi> not a lie, but an exageration to absurdity
Aug 31 06:21:20 <Chaang-Noi> clearly a few btc is on your exchange
Aug 31 06:21:22 <assbot> [GLBSE] [BFLS] 2 @ 1.09 = 2.18 BTC [-]
Aug 31 06:21:24 <assbot> [GLBSE] [BFLS] 1 @ 1.099 BTC
Aug 31 06:21:29 <mircea_popescu> but you are aware that glbse did something like 20% of the satoshi dice volume, right ?
Aug 31 06:21:35 <Chaang-Noi> so yes you can be scammed too
Aug 31 06:21:37 <mircea_popescu> mostly because... it has no investors.
Aug 31 06:21:43 <mircea_popescu> of course i can be scammed too.
Aug 31 06:21:59 <mircea_popescu> the difference is that i haven't been.
Aug 31 06:22:04 <Chaang-Noi> glbse took 20% of the volume of a stock on your exchange? oh lol
Aug 31 06:22:07 <mircea_popescu> just like any wife could be a whore. she has the equipment.
Aug 31 06:22:12 <Ignatius-otc> is there an actual third party blockchain like way to verify any of your volume claims mp?
Aug 31 06:22:12 <mircea_popescu> the ideea is that some are and some aren't.
Aug 31 06:22:16 <Chaang-Noi> thats pretty funny stat
Aug 31 06:22:24 <mircea_popescu> Ignatius-otc you could try twitter i guess ?
Aug 31 06:22:40 <Ignatius-otc> twitter? as proof of volume? so...the same as glbse?
Aug 31 06:22:44 <Chaang-Noi> why would 20% not wnt to use your exchange and pick glbse over it? oh wiat, never mind
Aug 31 06:22:54 <assbot> [GLBSE] [NYAN.C] 1 @ 0.45 BTC
Aug 31 06:22:56 <mircea_popescu> Chaang-Noi because they don't have 20 btc, mostly.
Aug 31 06:23:06 <mircea_popescu> Ignatius-otc how would you construct proof of volume ?
Aug 31 06:23:08 <mircea_popescu> in an ideal world ?
Aug 31 06:23:21 <Ignatius-otc> trusted third party verification
Aug 31 06:23:33 <mircea_popescu> there's not that many third parties that i trust.
Aug 31 06:23:37 <Ignatius-otc> just generally aksing though, your statements seem like they could alle asily apply to any exchange,even yours
Aug 31 06:23:43 <assbot> [MPEX] [S.MPOE] 43000 @ 0.00039724 = 17.0813 BTC [-]
Aug 31 06:23:47 <mircea_popescu> which specifically ?
Aug 31 06:23:48 <Ignatius-otc> apply easily*
Aug 31 06:24:05 <Ignatius-otc> mainly the collusion thing is what got me to chime in and the fun here
Aug 31 06:24:12 <mircea_popescu> a. well here's the thing :
Aug 31 06:24:17 <Ignatius-otc> i still havent seen anything suggesting glbse is in collusion with defaulting assets
Aug 31 06:24:42 <assbot> [GLBSE] [FDBF] 1 @ 0.14 BTC [-]
Aug 31 06:25:19 <mircea_popescu> you got neighbourhood A, where there never was a violent crime. you got neighbourhood B, where about half the citizens routinely get hauled off to prison on various violent charges.
Aug 31 06:25:25 <mircea_popescu> now... where do you make your home ?
Aug 31 06:25:45 <mircea_popescu> sure, in principle crime is crime, it can happen anywhere, innocent till proven guilty and all that.
Aug 31 06:25:49 <mircea_popescu> but, where do you make your home ?
Aug 31 06:25:56 <Ignatius-otc> that wasn't my concern
Aug 31 06:26:03 <mircea_popescu> well that was the extent of my argument.
Aug 31 06:26:13 <Ignatius-otc> my concern is when you alluded multiple times that glbse staff are/were involved in scams
Aug 31 06:26:19 <mircea_popescu> shit happens too many times it's either incompetence or collusion.Aug 31 06:26:27 <BTC-Mining> This isn't about making your home tho, it's about making money
Aug 31 06:26:49 <mircea_popescu> BTC-Mining no, the making money part has been longresolved. anyone with any capital and any sense goes wherwe the volume is.
Aug 31 06:26:57 <mircea_popescu> we're on to discussing the irrational part, of homemaking.
Aug 31 06:27:03 <BTC-Mining> and although GLBSE had many scam/default, when chosen correctly, the assets pay a lot more.
Aug 31 06:27:03 <mircea_popescu> that being the last argument left, really.
Aug 31 06:27:17 <mircea_popescu> BTC-Mining do you know which is the highest yield asset on glbse ?
Aug 31 06:27:29 <BTC-Mining> So people only go where the volume is eh? Guess we should all strictly invest in government bonds then
Aug 31 06:27:41 <BTC-Mining> The highest were pirate's passthrough
Aug 31 06:27:44 <mircea_popescu> nope
Aug 31 06:27:46 <mircea_popescu> try again ?
Aug 31 06:28:08 <BTC-Mining> hmm... OBSI.HRPT currently
Aug 31 06:28:11 <mircea_popescu> mnope
Aug 31 06:28:17 <mircea_popescu> want a third or are you bored ?
Aug 31 06:28:27 <BTC-Mining> Bored
Aug 31 06:28:28 * TheSeven has quit (Disconnected by services)
Aug 31 06:28:33 * [7] (~quassel@rockbox/developer/TheSeven) has joined #bitcoin-assets
Aug 31 06:28:34 <mircea_popescu> !pl mpoe.etf 0.1
Aug 31 06:28:34 <assbot> Requesting data from GLBSE (might take a while).
Aug 31 06:28:52 <mircea_popescu> gee they take this beta thing seriously.
Aug 31 06:28:52 <assbot> MPOE.ETF [
1@0.1BTC] paid: 0.0104835 BTC. Last price: 1.3 BTC. Capital gain: 1.2 BTC. Total: 1.2104835 BTC. (1210.5%)
Aug 31 06:29:11 <assbot> [GLBSE] [DMC] 1 @ 0.0622 BTC [-]
Aug 31 06:29:23 <Ignatius-otc> To be clear I personally am not arguing that any glbse asset is a sound investment, I just want to make sure the exchange itself is reputable.
Aug 31 06:29:32 <mircea_popescu> Ignatius-otc how would you do that ?
Aug 31 06:29:59 <Ignatius-otc> similar to feedback systems all voer the internet is how I personally went about it
Aug 31 06:30:04 <mircea_popescu> i regard it as disreputable. i might just be biased. some people regard it as reputable. course they don't tend to disclose their ownership interest in it.
Aug 31 06:30:07 <mircea_popescu> what can you do ?
Aug 31 06:30:24 <Ignatius-otc> and in doing so, found absolutely no evidence glbse is up to no good, same for chaang, yet I watch you sit here and bash the fk out of these things pretty frequently...
Note: I'm posting logs lately mostly to illustrate for the benefit of forum-hobbled minds that yes, in fact irc is where it's at.