Forum logs for 22 May 2012
Saturday, 23 November, Year 11 d.Tr. | Author: Mircea Popescu
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bitsmith | ;;seen rabbit | [01:09] |
gribble | rabbit was last seen in #bitcoin-otc-eu 7 hours, 24 minutes, and 58 seconds ago: |
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mircea_popescu | ok, so let me get this straight : | [01:53] |
mircea_popescu | the PPT.A on glbse is in default ? | [01:53] |
mod6 | srsly? | [01:53] |
mircea_popescu | they were due to pay 1.28 btc Friday were they not ? | [01:53] |
mircea_popescu | i see no dividend payment made. | [01:53] |
mod6 | oh wow. | [01:54] |
mod6 | wasn't there like sidebets that it would default? | [01:55] |
guruvan | no, that was repurchased on plan I believe | [01:55] |
mod6 | oh ok. | [01:55] |
kakobrekla | yeah | [01:55] |
mircea_popescu | how come the dividends do not show on glbse ? | [01:55] |
kakobrekla | buyback | [01:55] |
kakobrekla | not div | [01:55] |
guruvan | it's not a dividend, it's a buyback | [01:55] |
mircea_popescu | o, so it was just bought back ? | [01:55] |
kakobrekla | forced buyback | [01:55] |
mircea_popescu | you can do that ? | [01:55] |
guruvan | ya h - then next week they sell the .As again | [01:55] |
mircea_popescu | or was it sorta "soft forced" as in, if you're not around to sell tough tits ? | [01:56] |
guruvan | yah - nefario just added forced buybacks (i.e. debt maturity) | [01:56] |
mircea_popescu | aha. | [01:56] |
mircea_popescu | so how does a third party verify this ? | [01:56] |
mircea_popescu | since the asset page makes no mention of it ? | [01:56] |
guruvan | very good question | [01:56] |
guruvan | I can vouch for it being expected, and not a 1 person freaking out it didn't :D | [01:56] |
guruvan | but. | [01:57] |
guruvan | shy of that kind of anecdotal evidence? | [01:57] |
mircea_popescu | ya kinda slim... | [01:57] |
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mircea_popescu | hmmm i wonder wtf is up with twitter. | [02:58] |
mircea_popescu | but anyway, | [02:58] |
mircea_popescu | -----BEGIN PGP SIGNED MESSAGE----- | [02:58] |
mircea_popescu | Hash: SHA1 | [02:58] |
mircea_popescu | Your dividend payment for B.PPTAPR.SYNTH in total sum of 746128000000 to a notional float of 5829125 has been issued on May 21, 2012, 11:55 pm. Feel free to publish this receipt to your shareholders. | [02:58] |
mircea_popescu | -----BEGIN PGP SIGNATURE----- | [02:58] |
mircea_popescu | Version: GnuPG v1.4.5 (GNU/Linux) | [02:58] |
mircea_popescu | iD8DBQFPutYIkhT8a/G2mSERAn5XAJoDTYeBoe9wyLomMTNSckDINxB0ggCfctbZ | [02:58] |
mircea_popescu | WKIsX3pse0A8EGBlH1xeszc= | [02:58] |
mircea_popescu | =EZy1 | [02:58] |
mircea_popescu | -----END PGP SIGNATURE----- | [02:58] |
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mircea_popescu | i wonder why is it so difficult to find decent companies to list in btcworld. | [03:31] |
guruvan | what do you have in mind? what do you want to see? | [03:40] |
mircea_popescu | ideally ? three people with otc ratings running a business showing over 100 btc profit per month for the past three months with a sensible business plan and clear room to grow | [03:44] |
mircea_popescu | practically, as close to that ideal. | [03:44] |
BTC_Bear | mircea_popescu: Part of the problem is business with a Bitcoin 'taint' pardon the pun are getting shunned from the mainstream B2B's. So it behooves one to not mention a connection to BTC. | [03:46] |
mircea_popescu | i understand that. | [03:47] |
mircea_popescu | on the other hand, if we don't manage to get companies going as a concept we might as well sell the coins and go do something else. | [03:47] |
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BTC_Bear | Well I expect it to happen. I've been working on something for a year for when and if the break out occurs, it'll be ready to deploy. | [03:48] |
mircea_popescu | something, what do you mean something ? | [03:48] |
BTC_Bear | A B2B and B2C solution to ease a transition to POS. | [03:49] |
mircea_popescu | aa | [03:49] |
mircea_popescu | so why are you waiting on it ? | [03:49] |
BTC_Bear | 2 Reasons, It's not ready, and the market isn't ready. | [03:50] |
mircea_popescu | yeah, the market is a little unripe yet for many things. | [03:50] |
mircea_popescu | nonetheless it's getting ridiculius, there's oodles of dollars waiting to invest threadign water, cause there's not what to invest into | [03:51] |
mircea_popescu | i mean, talk about creating demand for bitcoins. some decent business people can aquire stock in would add degrees of magnitude more demand for bitcoin than some shop taking bitcoin or whatever | [03:51] |
BTC_Bear | I could tell you what would help. If people would get paid commissions for opening MTGOX Business accounts for Brick and Mortars that accept BTC. There is NO SalesForce for it. | [03:53] |
mircea_popescu | that might help, yes. no sales is a big problem | [03:54] |
mircea_popescu | on the other hand i think mtgox is opperating in the red and has been for a while. i don't think they have waht to pay sales with. | [03:54] |
BTC_Bear | lol, One should be willing to pay commissions to people that can increase the bottom line. That is how you get out of red ink. | [03:55] |
mircea_popescu | i know that, but i don't run mtgox you know. | [03:55] |
BTC_Bear | Yea, I know... :( | [03:55] |
mircea_popescu | and they seem to be fascinated with wooing various govtments atm. | [03:56] |
BTC_Bear | To much so... | [03:56] |
mircea_popescu | which i kind of think is a strategic mistake, but hey. not my toy. | [03:56] |
BTC_Bear | They are going overboard and well beyond reasonable measures to prevent fraud. You can't prevent it. It will always happen. | [03:57] |
mircea_popescu | i think part of the problem is they don't have (nor can afford) a top level fraud person. | [03:57] |
mircea_popescu | the one thing that massively sucks is that i'm not in SV. | [03:58] |
BTC_Bear | I try to point out flaws in the measures that make the measures redundant. i.e there are MTGOX brokers that don't use AML, so MTGOX AML is just a stop gap measure. | [03:58] |
mircea_popescu | i'd get a start-up a week if i was physically there. and good start-ups too | [03:58] |
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* | Topic for #bitcoin-otc-eu is: Eurozone #bitcoin-otc || http://bitcoin-otc.com || Include hash tag #eu in order notes to group -eu orders. || View all tagged -eu orders here: http://bitcoin-otc.com/vieworderbook.php?notes=%23eu || Exchange rates: !bc,convert CURRENCYCODE || GET BTC WITH ukash/paysafecard ... /msg neliskybot help || options-> http://polimedia.us/btc || bitcoin hosting -> http://bitvps.com/ | [09:59] |
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amiga4000 | !bc,convert eur | [10:33] |
gribble | 1 BTC = 5.08991 U.S. dollars = 3.97991242 Euros | [10:33] |
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mircea_popescu | http://anonnews.org/press/item/1521/ lulzy | [11:43] |
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