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Sun Mar 13 21:17:30 UTC 2016 <mircea_popescu> well who asks me anything ? i won't like it, but...
Sun Mar 13 21:15:56 UTC 2016 <mircea_popescu> when a venture goes into receivership a person is named (usually by the courts) to receive all the assets, and register all the claims against it. then decide which claims are valiud, and how much they're getting.
Sun Mar 13 21:15:19 UTC 2016 <mircea_popescu> ascii_field well no, you know how this sort of thing works ?
Sun Mar 13 21:14:44 UTC 2016 <mircea_popescu> ben_vulpes so ?
Sun Mar 13 21:14:08 UTC 2016 <mircea_popescu> like pete_dushenski, you busy ?
Sun Mar 13 21:14:03 UTC 2016 <mircea_popescu> i'd really ask folk in b-a with busienss experience to seriously consider doing this. a clean close-down of a bitcoin venture would be truly an absolute first.
Sun Mar 13 21:13:41 UTC 2016 <mircea_popescu> but let's not talk of things being moot and sad stuff like that. instead : bitbet isn't actually missing any bettor funds, the whole receiver thing could be done in a week.
Sun Mar 13 21:04:31 UTC 2016 <mircea_popescu> well what the fuck, i'm not leaving this in my will fee tail.
Sun Mar 13 21:02:54 UTC 2016 <mircea_popescu> ben_vulpes eventually.
Sun Mar 13 21:01:08 UTC 2016 <mircea_popescu> pete_dushenski the way start-ups usually work is that they look good, but if forcibly deflated midstride it's tears all around.
Sun Mar 13 20:59:42 UTC 2016 <mircea_popescu> something like that i guess.
Sun Mar 13 20:59:02 UTC 2016 <mircea_popescu> and the other is that very little actual value exists in serving this market.
Sun Mar 13 20:58:26 UTC 2016 <mircea_popescu> and all sorts of costs that the fiat system eats, are not here eaten by anything.
Sun Mar 13 20:58:14 UTC 2016 <mircea_popescu> but it is not.
Sun Mar 13 20:57:48 UTC 2016 <mircea_popescu> hence my comment about fragility. there are two main threads here that would-be bitcoin entrepreneurs must heed quite closely. one is that - your expense structure is not either a) in your own control or b) specificable. for as long as your business model involves bitcoin as it currently exists, you're doing the economic equivalent of linking remote dlls.
Sun Mar 13 20:54:54 UTC 2016 <mircea_popescu> there was certainly a tinge of that.
Sun Mar 13 20:53:11 UTC 2016 <mircea_popescu> ben_vulpes i'm sorry, what ?
Sun Mar 13 20:51:27 UTC 2016 <mircea_popescu> anyway, to be perfectly clear, i don't think kakobrekla did anything wrong at any juncture, nor am i privately holding anything against the man. while the outcome is miserable, i dun think there's necessarily much that could have been done to prevent it.
Sun Mar 13 20:50:16 UTC 2016 <mircea_popescu> and in spite of being uncharacteristically verbose for a human being... apparently i don't write everything either.
Sun Mar 13 20:49:12 UTC 2016 <mircea_popescu> i invent things by degrees and i can't always and on the button answer as to the logic of things. they go in a context. i know for a fact the arrangement make sense in 2012, but entirely hazy as to the reasoning.