Matches for ninjashogun, 1788 total results Sorted by newest | relevance
Tue Mar 25 00:59:39 UTC 2014 <ninjashogun> BingoBoingo, do you mean because vircurex is making it up?
Tue Mar 25 00:59:17 UTC 2014 <ninjashogun> My point is just that from among the alternatives, shutting down the exchange is guaranteed to have the worst possible outcome for lenders/creditors. (people who put thehir bitcoins or usd in.)
Tue Mar 25 00:58:51 UTC 2014 <ninjashogun> CheckDavid says (we're on skype) he doesn't get my point
Tue Mar 25 00:58:32 UTC 2014 <BingoBoingo> ninjashogun: This isn't a currency getting hacked.
Tue Mar 25 00:58:04 UTC 2014 <ninjashogun> Likewise, if a currency does get hacked, it is probably better to become fractional-reserve, or freeze accounts, or play other shenanigans, than just say, "Well we're gone now, bye, and thanks"
Tue Mar 25 00:57:35 UTC 2014 <ninjashogun> That is probably a better outcome than if they had "abandoned the dollar" due to its dilution by fake dollars.
Tue Mar 25 00:57:14 UTC 2014 <ninjashogun> No. They just let the counterfeiters print at the limiting capacity of those presses, taking the hit on the total money supply.
Tue Mar 25 00:56:55 UTC 2014 <ninjashogun> What did they do - did they shut down all of the then-current series?
Tue Mar 25 00:56:47 UTC 2014 <ninjashogun> Let me make an analogy. (I might have the facts totally wrong). IN the seventies or eighties (no real idea on the decade, I'm guessing) the U.S. found that some third-world country had either stolen some of the mint's machinery, or gotten their hands on perfect reproductions. It could make undetectable counterfeit dollar bills.
Tue Mar 25 00:55:49 UTC 2014 <ninjashogun> But if they shut down, that 99% becomes 100%.
Tue Mar 25 00:55:43 UTC 2014 <ninjashogun> I understand that.
Tue Mar 25 00:55:34 UTC 2014 <ninjashogun> they raised 3000 btc in an IPO. That means that is free cash for them - they sold equity?
Tue Mar 25 00:55:29 UTC 2014 <benkay> i judge stochastically these days ninjashogun
Tue Mar 25 00:55:15 UTC 2014 <ninjashogun> wait, we can judge whether this has any chance of being true
Tue Mar 25 00:55:03 UTC 2014 <ninjashogun> how many btc are they reporting stolen
Tue Mar 25 00:54:47 UTC 2014 <ninjashogun> I know.
Tue Mar 25 00:54:42 UTC 2014 <ninjashogun> I understand this.
Tue Mar 25 00:54:38 UTC 2014 <ninjashogun> Apocalyptic, according to that statement, ALL people will be paid back eventually.
Tue Mar 25 00:54:31 UTC 2014 <BingoBoingo> ninjashogun: They never had a profit
Tue Mar 25 00:54:16 UTC 2014 <ninjashogun> It said "We will get back to 100% reserve bank, owning as many bitcoins physically as people have on account. To get back up to that level we will take the profit from our operations and use it to build up the fractional level."