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I am no longer reading these threads

Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
11-21-2005 17:13
I have more to do than read page after page of: "ginko is a ponzi/no it's not/it may be/so what/anshe is the devil/and a whore". I will no longer be reading these threads, so let me make this final post.

- I think the ad hominem attacks directed against Anshe are stupid.
- While Anshe might have personal reasons to attack Ginko, I believe her fear is honest.
- While her threat worried me at first, after she actually told me how she intended to do crush Ginko, all I can say is "Go ahead". You'll most likely go bankrupt before I do.


That being said:

- Please stop calling my venture a ponzi.
- At least do so less histericaly.


What will not happen:

- I will not declare bankrupcy unless someone offers to pay back investors in full (which I definitely encourage people to do!) OR if the bank actually fails, be it from lack of liquidity or investment failure.
- I will not release personal OR business information. At all. Ever. Stop asking.
Schwanson Schlegel
SL's Tokin' Villain
Join date: 15 Nov 2003
Posts: 2,721
11-21-2005 17:25
:)
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Gabe Lippmann
"Phone's ringing, Dude."
Join date: 14 Jun 2004
Posts: 4,219
11-21-2005 17:26
Yay! Thanks for that.
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go to Nocturnal Threads :mad:
blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
11-21-2005 17:38
The reason investment risk is reasonable in the RW is people live and die on their reputation.

Game theory tells us that the anonymous business person suffers no punishment if he fails because he is anonymous and his reputation does not suffer and he is free to simply move on to the next mark.

In fact, given the format of this investment scheme and the nature of linden's involvement, the rational business thing to do would simply be to walk with the money claiming a credit crunch.
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Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :

"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches."
Robert Semple
Registered User
Join date: 20 Sep 2005
Posts: 8
11-21-2005 17:43
From: blaze Spinnaker
In fact, given the format of this investment scheme and the nature of linden's involvement, the rational business thing to do would simply be to walk with the money claiming a credit crunch.

Note to self: do not give blaze money.
blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
11-21-2005 17:50
It's simple game theory.

The ability to punish someone if they fail to deliver is why you can trust them.

When I enter into a contract with someone, I leave myself open to recourse so that they know they can trust me to do business. By closing all avenues for punishment if I fail to deliver is a massive red flag that they should not trust me.

There is absolutely no punishment that Nicholas will suffer if he simply claims credit crunch and then vanishes with the money.
_____________________
Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :

"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches."
Tren Neva
Registered User
Join date: 16 Oct 2004
Posts: 619
11-21-2005 18:13
From: blaze Spinnaker
It's simple game theory.

The ability to punish someone if they fail to deliver is why you can trust them.

When I enter into a contract with someone, I leave myself open to recourse so that they know they can trust me to do business. By closing all avenues for punishment if I fail to deliver is a massive red flag that they should not trust me.

There is absolutely no punishment that Nicholas will suffer if he simply claims credit crunch and then vanishes with the money.


You think people don't murder people just because they would get punished if they did so?
nimrod Yaffle
Cavemen are people too...
Join date: 15 Nov 2004
Posts: 3,146
11-21-2005 19:07
From: Tren Neva
You think people don't murder people just because they would get punished if they did so?

How are we supposed to know his moral/ethical standings?
DogSpot Boxer
vortex thruster
Join date: 23 Aug 2005
Posts: 671
11-21-2005 19:08
Good for you. I say "F" the detractors.
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DogSpot Boxer
vortex thruster
Join date: 23 Aug 2005
Posts: 671
11-21-2005 19:09
From: blaze Spinnaker
It's simple game theory.

The ability to punish someone if they fail to deliver is why you can trust them.

When I enter into a contract with someone, I leave myself open to recourse so that they know they can trust me to do business. By closing all avenues for punishment if I fail to deliver is a massive red flag that they should not trust me.

There is absolutely no punishment that Nicholas will suffer if he simply claims credit crunch and then vanishes with the money.


And you, as someone who doesn't have money in Ginko, will not be affected.

Can you STFU how or will you continue your personal crusade?
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
11-21-2005 19:10
From: Tren Neva
You think people don't murder people just because they would get punished if they did so?


It's a heuristic.
_____________________
Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :

"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches."
Tren Neva
Registered User
Join date: 16 Oct 2004
Posts: 619
11-21-2005 19:10
From: nimrod Yaffle
How are we supposed to know his moral/ethical standings?


Well, maybe put a little more faith in humanity. Don't say that person has no morals IF he did this. How do I know you don't eat live puppies? I don't, but until you do, I'm gonna think positively of you and not negatively based on what ifs.
blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
11-21-2005 19:17
Truth be told, I wouln't trust him with my money if he DIDN'T walk with it.

A good businessman would take off with the L$. A great businessman would make it so he can't walk off with the L$.
_____________________
Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :

"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches."
Joy Honey
Not just another dumass
Join date: 17 Jun 2005
Posts: 3,751
11-21-2005 19:24
From: Nicholas Portocarrero

- I will not release... business information. At all. Ever. Stop asking.


Something about that part of the phrase raises all kinds of red flags for me. I have invested before, IRL. The company freely gave up their business information, partly because I think they are REQUIRED to by law. Now, I know that Ginko is not FDIC insured, etc., but if I were to invest anywhere, I'd go invest in a company that did not have a problem with revealing business information.

JMO
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Tren Neva
Registered User
Join date: 16 Oct 2004
Posts: 619
11-21-2005 19:30
From: blaze Spinnaker
Truth be told, I wouln't trust him with my money if he DIDN'T walk with it.

A good businessman would take off with the L$. A great businessman would make it so he can't walk off with the L$.


Ok, so your make Nick look bad because he didn't run away with the money, making him a bad buisnessman in your eyee, but your also trying to make him look bad at the possiblity that he could run away, which would apparently make him a good buisnessman in your eyes.
DogSpot Boxer
vortex thruster
Join date: 23 Aug 2005
Posts: 671
11-21-2005 19:32
From: blaze Spinnaker
Truth be told, I wouln't trust him with my money if he DIDN'T walk with it.

A good businessman would take off with the L$. A great businessman would make it so he can't walk off with the L$.


Good. Now please STFU.
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Our Motto:

We may be inept, but at least we're social