Quote from: stochastic on September 25, 2012, 05:27:24 AM

Quote from: memvola on September 24, 2012, 02:11:56 PM

Quote from: Francesco on September 24, 2012, 11:35:02 AM

Exactly. I was so worried about ponzies at the time that, being clear this couldn't be one, I happily invested without almost considering it could be a different scam... luckily I then woke up and sold early enough!

The problems about BDT were clearer than everyone thinks from the beginning, but the once convincing arguments became foggier and then completely drowned as BitDayTrade started being accused of being a Ponzi scheme to no end, together with the avoidance of the subject of its business aspect. In reality, everything about BDT that points to a scam is directly related to its business model and Alberto's competence. The lesson here is, tune out the naysayers together with the promoters and focus on what people who have real information say.

Anyone that needs to go to GLBSE to get a site like bitdaytrade.com off the ground is hustling. If a person can't go out and get a traditional loan then why would anyone want to lend them money? Was a credit report of this person every pulled?

The same could be said about pretty much every bond or loan in this market. Some of them were legitimate to various degrees, others not. People have their reasons to want to borrow in this way.

A credit report of Alberto was not pulled; in hindsight that could have been a good idea, but people have been borrowing much larger amounts with much less scrutiny.

Quote from: cytokine on September 25, 2012, 05:32:36 AM

How were these distributed? Via dividends? Because I don't see divs for BDT anywhere listed on the GLBSE.

You're polling too frequently, we're talking about a timescale of weeks at least.

So far Alberto has paid 200 BTC, which I thought would be reasonable to go towards the debt to me (5% of it) since I didn't get the two last coupons (6.6%). He should pay 2000 soon and if he does we'll figure out the exact distribution.

Quote from: cytokine on September 25, 2012, 05:32:36 AM

In fact, I don't see the asset's page at all anymore. Any ideas what's going on?

Right. Nefario?