At 12:17 PM -0600 12/20/00, Igor Chudov wrote:
Just curious mostly... whether any cypherpunks got financially ruined, which I define as losing at least 66% of net asset value.
A naive definition. "Ruined" has connotations which have nothing to do with percentage losses. Does a Michael Saylor of MicroStrategy face "ruin" because his stock is worth $500 M instead of $10 B? How about the guy who has come to Cypherpunks meetings whose stock holdings at one point were $749 million, but whose holdings are now about $25 million? (These are far, far greater losses than the "66%" threshold, and yet these people are not "ruined.") Now if one is heavily margined, and a stock drop triggers margin calls, resulting in liquidation of all positions, negative net worth, etc., then perhaps "ruin" is a good word. And why do you think Cypherpunks, who generally pay lip service to privacy issues, would reveal their financial situation to you, or to the list? --Tim May -- Timothy C. May tcmay@got.net Corralitos, California Political: Co-founder Cypherpunks/crypto anarchy/Cyphernomicon Technical: physics/soft errors/Smalltalk/Squeak/agents/games/Go Personal: b.1951/UCSB/Intel '74-'86/retired/investor/motorcycles/guns