Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18333. (Read 26709375 times)

This forum feels like its loading under pressure... DDOS attack occurring? 

BlindMayorBitcorn: Largely, we agree; however, before I meander on my usual tangents necessitating further qualification, I would like to clarify a couple of points I would like to qualify. The potentiality of recursive qualification of being, e.g. unqualified instantiation i.e. the thing in and of itself manifesting itself in a fashion which may, though is not currently, recursively, and/or regressively, qualified.

Which is not to say our proverbial snake is eating its tail inasmuch as a snake could be said to have a well-defined tail, but that the part of the snake which may be thought of as a tail by a raw neophyte, is choking, via inserti

I will buy some of those frosty coins then.

i think adam is getting his btc out of cold storage to dump them.

[...] and he was never to be seen again.

 WARNING!
A full minute may result in fire hazard

Adam, I want you to think about this for a minute.

Adam:  Largely we agree; however, I would like to clarify a couple of points (and maybe even differences in our thinking).

you seem to be getting caught up in my assertion that the BFX coins (or the items that you want to emphasize as "shares" ) is going to have zero or near zero value at the outset...

Sure, BFX can structure the value of the BFX coins at whatever they like, yet in the end, since the BFX coins initially represent debt, they are going to represent the total 36% shaving that account holders are going to take.

Hypothetically, one way of giving value to the coins is to recognize that the total loss was only 30%; however, since BFX wants to give some value to the coins, from the start, they use the additional 6% to create coin value out of the gate.  I personally think that would be dumb to give the coins very much value, but yeah, they can structure the value assessment however they like... and maybe "zero" is not feasible;however, near zero would be more feasible.

So, yeah, in the end, we can consider this matter as share holders in a company.. If we hold accounts at bitfinex, we have been forced bail out shareholders in a company, and if we are not account holders in bitfinex, we can become share holders by acquiring some BFX coins, as you indicated.

They promise that the tokens "will remain outstanding." That could mean "a year" or "until we feel like doing something about them, or the end of the world -- whichever comes first."

Some promise :\

that is what you people are looking for and right now they promise:

1. full payback of the loss btc in the future

or

2. shares of bitfinex or rather iFinex Inc. (not sure if iFinex Inc actually includes more then bitfinex.com - there is nearly no information)


/edit

look what i found while searching for iFinex Inc data:

http://www.cftc.gov/idc/groups/public/@lrenforcementactions/documents/legalpleading/enfbfxnaorder060216.pdf

...you should march yourself to the closest booby hatch and have yourself committed. Tell them to throw away the key.


The reason the whole "qualified investor" thing came about is because fast-talkin' city-slickers kept selling Einsteins like you shares in cars that will run on water and cat poop, magnetic resonance monorails, and similar "this thing can't loose" propositions. And now, after getting robbed by a French man running a HK exchange through a BVI shell, instead of taking a fucking sober look at who you've been giving your money to, you want to fucking double down and buy some tokens Speechless.

Was it me saying I'm gonna rob you that set off your super-sophisticated scam alarm?

You and your other sock puppet NLC accounts, should attempt to learn how to not be so sensitive about words that are used on the internet in order to communicate points, and maybe if you began to read a bit more, then you might be able to arrive at more meaningful and accurate assessments (and possibly even could become reflected in improved quality in your future posts, well I doubt it, but still does not hurt to hope a little, no?)

its unclear what the BFX token will represent they clearly state that has not be decided, but appear to point toward shares representing some % of bitfinex which may or may not be dividend paying shares, based on some % of BFX net profits going forward.

this assumption is based on this line:

if that is the case then i would imagine these tokens will not start off at zero
i would assume an IPO at a fixed price, followed by a open market for buy/selling "shares of iFinex Inc."

i look forward to learning more about these "shares of iFinex Inc.".

i'll consider the terms and conditions and might actually be a buyer, if i can....

Globb0:   From my little understanding of the BFX coin situation, your post makes little sense - because it is very likely that BFX coins are going to start out at zero or very close to zero value.. therefore,  the likely price direction is going to be up, but you could be correct that the value of the BFX coin could decrease in value or it could flatten out and not really increase in value over time.

Nonetheless, my point is that the starting point is at or near zero, not some elevated place that is going to allow or cause depreciation... unless BFX coin holders are paying others to take their BFX coins, which makes little sense

First, what is my M.O.? Protect users funds, steal from users illegally, or steal from users legally?

If it's: Provide services that gamblers traders demand while keeping their deposits safe and complying with all regulations. Fuck that. I'd rather chew glass. Beside, you aren't paying me enough.

Also, fuck legal/financial definitions, I'm only interested in reality. If you want to actually "own" bitcoins (in a way where another individual requires your permission to obtain the asset), see my sig. Anything short of that comes with the risk of total loss.

These kinds of matters are fast moving, and it is totally understandable that some of us are going to miss important information and may even need to retract or alter our perspectives. 

I also think that many of us may have quite a bit of skepticism regarding BFX's story, but still if they come out with and employ a fairly reasonable plan forward, they may be able to retain a decent trading market share (whether that's from existing users or new users).. for example, if the BFX coin ends up sufficiently appreciating in value to largely repay losses, then that could be a significant boon for BFX's business.  On the other hand, there are also some possible very negative scenarios too, such as additional hacks or additional appearances of scamming by BFX that causes their credibility to completely wane and the BFX coins lose value (I imagine that the BFX coins are starting out at zero value, or near zero value, but it remains a very innovative possible way of generating continued loser stake in the success of BFX and even allows for the BFX coin holders to employ their gambling (trading) inclinations).

let me use this reply to say a few things

first off, given the opportunity to hold a dividend paying share of a bitcoin exchange company would be fun and probably very lucrative.
if you believe BFX will one day be #1 BTC/USD exchange and bitcoin itself will grow, then  holding shares in bitfinex is an opportunity

second, what i love most about bitcoin is how it levels the playing field and allows someone like me ( not a whale, but a tiny fish ) to be presented with that  opportunity. when sdice sold shares i was right there next to gigantic whales buying IPO.

third, i dont trust you with my money  

People will get what BFX is offering before they sue. Once they have their 64% in hand, they'll sue. Whatever they get from that if bonus

That's as far as I needed to read. Choke on a bag of dicks.

yup i stopped reading their announcement at after i read the bit about 36% generalized loss

totally missed the other important bit.

mean while i'm still waiting