Trading should be suspended, while the issue is resolved. If not you're going to have people looking for refunds.
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Topic
BoardTrading Discussion
Re: what is the ultimate system for Bitcoins reputation?
by
publio
on 17/01/2013, 01:50:26 UTC
Is anyone working on a frontend for OTC? It would have to run locally, and connect to IRC by itself, but that part shouldn't be too hard to get rolling.
I can use OTC fine. It's just such a chore, so I'm less likely to conduct trades.
Just to share my toughts with you. I will start repaying only when I recover my assets from GLBSE.
The main assets where GIPPT bonds which where sold by respected members of the community DeadTerra and INAU. As you can see GIPPT were guaranteeed and they did not return the shares yet. I haven't seen anyone complaining and DeadTerra and INAU are not marked as scammers yet. https://bitcointalk.org/index.php?topic=96793.0
Again, you are asking me to repay something it was stolen from me by GLBSE, following a list given to me by the thief, which is GLBSE. I never guaranteed that GLBSE will not implode or steal the assets and I believe you shared the risk with me when you agreed to use GLBSE.
In conclusion, after I get the assets back I will start making payments as I recover the BTC from the issuers.
Rather than accusing others, it might be better if you make a statement of what you owe and have paid. What needs to happen for investors to receive some compensation, what do you plan to do?
According to the topic you link to, Terra, with the guarantors, have paid out as dividends %54 of the principle for GIPPT. This includes the %5 Terra was individually liable for. I guess you didn't get any coins, because of GLBSE? I have also received %5 of my principle in Gamma Fund, which had no guarantee. It's not much, but it's more than some issuers have paid out.
I think nef had paid out some coins. Did you receive any?
For the type of order in the trade history, that doesnt really make sense.. because you can't have a BUY without a SELL.. its a "trade", ie, one person is selling and another it buying a certain number of units at a certain rate. The "type" for every trade is both a buy AND a sell.
I guess publio wanted to know if the trade was based on someone buying into an existing order, or selling into an existing order. This would certainly be informative, although anyone keeping a reasonable track of the order book can figure it our anyway (one good thing about the relatively low liquidity).
A few suggestions- SDICE is missing a fact sheet. Do you think it would be a good idea if you showed, in the trade history, the type of order (buy sell)?
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Topic
BoardLending
Re: Looking For A Legitimate Loan
by
publio
on 16/01/2013, 03:59:47 UTC
Your vouches are all the same person..?
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Topic
BoardSecurities
Re: [BitFunder] Asset Exchange Marketplace - Official Launch
by
publio
on 10/01/2013, 04:55:41 UTC
Any ETA on the API?
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Topic
BoardSecurities
Re: Imsaguy's PPT (7% starting August 1, 2012)
by
publio
on 05/07/2012, 22:11:11 UTC
pass through of a pass through, anyone?
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Topic
BoardBitcoin Discussion
Re: Shouldn't the offcial Bitcoin client be advertised as running your own bank?
by
publio
on 18/06/2012, 14:55:20 UTC
Does the bitcoin client accept deposits, and give out loans?
It's considered best practice to use CSPRNGs for any cryptography, including salts. Predictable salts may offer protection against rainbow tables.. Maybe it protects against "theoretical attacks"?
Scenario: The shares sell for 2BTC each. I have 200 BTC, and purchase 100 shares. The first week I receive 6.5BTC dividend, a 3.75% return on my 200BTC. The second week, I get a 6.5BTC dividend, again a 3.75% return on my 200BTC investment. The numbers don't converge, I'll always be receiving a 6.5BTC return on my 200BTC investment.
In the end it depends on your reinvestment strategy. As shares will _always_ be available at ~1.02 (I still would prefer 1.01 by the way, I don't really see where 2% fees come into play!) you can buy 6 additional shares from the first dividend, 6 more shares from the 2nd dividend etc.
If you buy 100 shares for 102 BTC, after 1 single dividend all you need to do is to buy the remaining 2 shares and donate the rest to charity/GLBSE/... and act as if you started 1 week later.
If you buy 100 shares for 200 BTC, all you have to do is act like you started 15 weeks later.
Post
Topic
BoardBitcoin Discussion
Re: A day in the life of a pirate.
by
publio
on 21/05/2012, 22:57:21 UTC
Lately, there has been an increased amount of pirate passthroughs offered. Will increased capital make it harder for you to generate the same rate of return?