1:53:49 Diablo-D3: http://bit.ly/UjG8nD
1:54:12 mircea_popescu: Happy Dividend Day!
1:54:12 mircea_popescu: Shares sold to date: 20909
1:54:12 mircea_popescu: Dividends paid out today: 0.0 BTC
1:54:14 mircea_popescu: what a gyp.
1:55:38 Diablo-D3: mircea_popescu: how so?
1:55:44 Diablo-D3: you cant be angry, the motion was passed.
1:56:26 mircea_popescu: im not angry or invested, im just saying it sounds... like a nazi work camp
1:56:51 Diablo-D3: a lot of people wish to see DMC succeed
1:57:02 Diablo-D3: this will work greatly towards that goal
1:57:43 BTC-Mining: What the hell...
1:58:25 BTC-Mining: One day you're trading 1 ASICMINER for 10 DMC, 2 weeks later you're asking for 10 ASICMINER for 3 DMC?
1:58:37 Diablo-D3: new month, BTC-Mining
1:58:56 BTC-Mining: yeah, but those trades rates are completly arbitrary
1:59:04 smickles: : lol, A:"it sounds like a death camp" B:"that's the goal we're working towards"
1:59:04 Diablo-D3: they're set by market factors.
1:59:25 Diablo-D3: smickles: yes, we're killing the competition
1:59:44 smickles: : 3J
1:59:44 mircea_popescu: lol "market factors"
1:59:49 mircea_popescu: what market factors, comrade ?
1:59:50 Diablo-D3: and besides, my father died at a concentration camp
1:59:54 mircea_popescu: your politbureau ?
1:59:55 Diablo-D3: er grandfather
2:00:10 Diablo-D3: (and I assume everyone here knows the punchline to this joke)
2:00:27 smickles: : heh, prolly
2:00:43 Diablo-D3: "I'm sorry to hear that!" "yeah, he fell out of a guard tower"
2:00:53 mircea_popescu: getting back to the market forces.
2:00:54 smickles: : although, you could put a spin on it
2:01:10 smickles: : died of untreated vd caught from raping some of the women
2:01:41 Diablo-D3: this is the winter of our discount tent.
2:01:47 mircea_popescu: vd doesn't kill smickles
2:01:56 Diablo-D3: mircea_popescu: say that to al capone
2:02:03 smickles: : syph can end in death, can't it mircea_popescu ?
2:02:05 mircea_popescu: is the us govt vd now ?
2:02:08 mircea_popescu: i can see that point.
2:02:18 mircea_popescu: smickles in that sense a bunion can end in death, takes so damn long...
2:02:28 mircea_popescu: but syphillis usually causes dementia, not death.
2:02:30 smickles: : it was a lot of rape
2:02:33 mircea_popescu: in...35 years.
2:02:33 Diablo-D3: al capone died in prison from an untreated std
2:02:38 Diablo-D3: after being arrested for tax fraud.
2:02:54 mircea_popescu: Diablo-D3 yes, because life in prison is representative.
2:03:48 Diablo-D3: as far as unprotected sex goes, isnt it?
2:04:08 BTC-Mining: Diablo, the thing with your trading chart is, it doesn't make sense... one day you trade them for far less then their current worth, shares go down in value. The next, you ask for like 20-100x their current value to trade... what the fuck.
2:04:20 mircea_popescu: new month, BTC-Mining
2:04:20 Diablo-D3: BTC-Mining: today is the first.
2:04:37 Diablo-D3: unless an emergency update happens, it changes on the first
2:04:47 mircea_popescu: o i see, emergency update.
2:04:50 BTC-Mining: In what does the fact it's a new month justify those rates?
2:04:55 mircea_popescu: i think Diablo-D3 is basically cosmo kramer.
2:04:56 smickles: : +-0\]
2:05:04 BTC-Mining: At those trading rates, ain't worth trading any shares
2:05:05 Diablo-D3: BTC-Mining: er, seriously? today is dmc dividend day
2:05:25 mircea_popescu: Diablo-D3 you know you have to offer both bid and ask to be a market maker.
2:05:35 mircea_popescu: at what rate of dmc shares will you give me an asicminer share ?
2:05:36 BTC-Mining: YES, IT IS, I UNDERSTAND THAT!
2:05:49 Diablo-D3: BTC-Mining: so whats the issue?
2:05:55 BTC-Mining: I want to know HOW you get those TRADING RATES
2:06:01 BTC-Mining: not why you changed them today
2:06:01 Diablo-D3: I value DMC shares independently of the market.
2:06:14 mircea_popescu: Diablo-D3 right. so how many dmc shares i need to give you to get an asicminer share ?
2:06:27 Diablo-D3: mircea_popescu: you want to buy asicminer from me?
2:06:29 mircea_popescu: yes.
2:06:40 smickles: : earsex
2:06:42 BTC-Mining: But how do you value them. How do you calculate their current "worth"
2:06:42 mircea_popescu: i want to return your useless paper in exchange for something else. how many of your shares do i need ?
2:06:51 Diablo-D3: mircea_popescu: twice the reverse of the ratio on the chart.
2:06:58 mircea_popescu: twice the who ?
2:07:08 * mircea_popescu breaks down and looks at that thing
2:07:21 smickles: :
2:07:23 Diablo-D3: the chart currently reads 10 asicminer for 3 dmc. You'd have to give me 6 dmc to get 10 asicminer.
2:07:56 mircea_popescu: 10 for 3. so you give me 10 asicminer for 6 dmc ?
2:07:57 Obsi: haha
2:08:00 smickles: : lol
2:08:09 Obsi: fucker I was just about to buy those
2:08:14 smickles: : mircera arbing?
2:08:17 mircea_popescu: !ticker asicminer
2:08:20 mircea_popescu: !ticker dmc
2:08:34 mircea_popescu: smickles i won't bother but im curious how large his asshole is on the mkt.
2:08:48 mircea_popescu: .py 0.03501 * 6
2:08:57 mircea_popescu: so you trade .2 for 1 btc ?
2:09:02 mircea_popescu: no wonder nobody takes you seriously.
2:09:22 Diablo-D3: you do realize that means you pay 6 btc for 10 asicminer shares, right?
2:09:35 mircea_popescu: it means i pay 0.21 btc for 1btc worth of asicminer.
2:09:41 mircea_popescu: you said 6 for 10.
2:09:55 Diablo-D3: yes, and the market does not value dmc correctly.
2:10:09 mircea_popescu: yes, and you would be raped unless it wasn't the case nobody cares what you say.
2:10:43 smickles: : /*\O
2:10:56 Diablo-D3: anyhow, Obsi, you still trading asicminer for obsi,abmo?
2:11:03 Obsi: yeah
2:11:43 Diablo-D3: Ill trade you 2080 asicminer for 4160 obsi.abmo
2:12:00 mircea_popescu: !ticker obsi.abmo
2:12:05 Obsi: alright, send to Obsi:OBSI.ABMO
2:12:36 mircea_popescu: o yonder glbse the brave, yonder glbse the quick...
2:13:17 mircea_popescu: OBSI.ABMO he's trading 82 to 9.
2:13:28 mircea_popescu: asic miner he's trading 10 to 3
2:13:29 Diablo-D3: Obsi: sent
2:13:38 mircea_popescu: this is the most ridiculous thing i ever saw in my life
2:13:53 Obsi: Diablo-D3: which account to send to?
2:14:06 mircea_popescu: so Diablo-D3 i'm guessing nao in case someone asks you don't have anymore asicminer to trade at your market forces driven rate of 6 to 10 ? :D
2:14:28 Diablo-D3: mircea_popescu: yup, sorry, all gone
2:14:32 mircea_popescu: ahahahaha
2:14:41 Diablo-D3: mircea_popescu: I was already going to trade these to obsi, I thought you knew
2:14:47 Diablo-D3: Obsi: Diablo-D3:DMC
2:14:49 mircea_popescu: orly. it was an emergency meeting ?
2:14:57 Diablo-D3: mircea_popescu: no, this was planned earlier
2:15:04 mircea_popescu: at the emergency meeting ?
2:15:17 Diablo-D3: no, Obsi passed a motion on ABMO for it
2:15:19 Diablo-D3: like 2 weeks ago
2:15:30 Diablo-D3: on my request
2:15:31 mircea_popescu: lol ok, lets find moar gems, this is becoming fun.
2:15:42 Diablo-D3: mircea_popescu: Im not trading btc-mining or btcmc or abmo
2:15:43 mircea_popescu: !ticker BTC-MINING
2:15:45 Diablo-D3: so theres nothing left
2:15:47 mircea_popescu: o i see.
2:15:54 mircea_popescu: jusrt what i was looking at lolz
2:16:09 mircea_popescu: how about HYDRO.BONDS ?
2:16:13 coingenuity: !ticker dmc
2:16:27 mircea_popescu: he's almost at 0.005
2:16:28 Diablo-D3: Ill trade YOUR btc-miing btcmc or abmo for DMC
2:16:36 Diablo-D3: but I wont trade your dmc for them
2:16:39 mircea_popescu: not at those rates you won't lmao.
2:16:44 Diablo-D3: those are core assets.
2:16:48 mircea_popescu: ofcourse you won't, comrade. because your rates are ridiculous.
2:16:51 mircea_popescu: so, HYDRO.BONDS. you got any ?
2:16:55 Diablo-D3: nope
2:16:58 Diablo-D3: see the list
2:16:58 mircea_popescu: right-o.
2:16:59 coingenuity: didnt i buy some dmc?
2:17:01 Diablo-D3: I just published it
2:17:08 coingenuity: i have no idea
2:17:09 Diablo-D3: coingenuity: dunno, did you?
2:17:22 Diablo-D3: so many people traded into dmc I forget who has and hasnt
2:17:27 mircea_popescu: well this was fun.
2:17:30 coingenuity: i dont remember, i dont use glbse at all
2:17:36 Diablo-D3: coingenuity: then you havent
2:17:42 Obsi: Diablo-D3: sent
2:17:42 coingenuity: i just remember the first day you made it you asked me to buy some and i dont remember if i did or not
2:17:43 mircea_popescu: if you bought at 1 coingenuity then you've been badly had.