hey guys,
I have decided that I am going to go to the London Bitcoin Conference
So if anyone want to meet me face to face, and talk Bitcoin, investments and much more then go to the conference
//DeaDTerra

The following contract has been signed by the two parties involved
Imsaguy also has to notify me if INAU has requested a cancel of the Deposit, to make sure that we have enough backing for the bonds. Also if ImsaGuy defaults then INAU is still responsible for the backing and insurance.

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

- -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

This contract is a loan provided by ineededausername to imsaguy.

(1) Addresses

ineededausername - 112N78zVYPairAzsBZgejEaob7gE8CenW7
imsaguy - 1CntCXtyq2kFiYpFwpua2k2XaKdHffLz2A

(2) Terms

3750 BTC was provided to imsaguy's designated address on August 2, 2012.  In return, imsaguy shall pay 9% interest on every 2nd day of a month to ineededausername's designated address.  The principal will be returned if one of the following happens:

  (a) imsaguy, having provided 2 weeks' notice, requests that the loan be terminated on the 2nd of some month.
  (b) ineededausername, having provided 2 weeks' notice, requests that the loan be terminated on the 2nd of some month.

(3) Collateralization

This debt shall be used as collateral for DeaDTerra's GIPPT (Insured Pirate Passthrough) bond.  In case ineededausername defaults on that debt, imsaguy must pay as much principal and interest (up to the current principal and interest due) as necessary back to the holders of GIPPT bonds. 
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Okay great!
I am talking to him on skype atm, I will get him to post a confirmation here
//DeaDTerra

Okay
Good to know you guys have faith in me xD, I hope I live up to it.
//DeaDTerra

Hahhaha kind of xD
Anyways now the bonds have been sold
I also setup a small ask wall at 500 bonds, I will refresh this walll when needed.
2500 bonds left for grabs
//DeaDTerra

It's a weighed risk
//DeaDTerra

Okay so this is the idea for now
I will exchange our loan with INAU (same terms as GIPPT) for GIPPT shares, it's exactly the same risk and reward as the bonds.
So I will buy 1000 of them (same amount as we had in loans previously), then I will place the rest of our liquid capital into trading bots and deposits
I am currently also working on liquidating some of our GLBSE assets, so hopefully our GLBSE exposure should go down by a couple of hundred BTC soon.
//DeaDTerra

Some errors with GLBSE has delayed the IPO slightly
The shares should be up for sale in a couple of minutes.
//DeaDTerra

The 5000 shares have now been issued, they will be up for sale in 25 minutes!
Make sure to place your bids
//DeaDTerra

Okay maybe I should explain my path of thought
The constant price increase makes people avoid buying shares on GLBSE, as buying shares on GLBSE becomes like kind of a shorting. When the USD price increases the GLBSE turns bearish as mentioned previously. I won't go in to the details but anyone that has observed the GLBSE market knows this. When the Bitcoin price increase the GLBSE share prices decrease. No in a 1:1 ratio but still enough for GBF to feel the downward trend of the share prices.

This is fine for anyone that want to gain USD as the ratio is not 1:1, you still gain net value in USD. But for us BTC savers, it's bad as the share prices lose value in BTC. This leads to a hill I have to climb every time the price increases, as our portfolio value decreases. I have tried liquidating but as mentioned previously due to the bearish market and out big investments (we are huge compared to the average trader on GLBSE), liquidating is hard and slow.

Hence I want to move into stable bonds/deposits which are not effected by the market. Most of these are somehow connected to pirate, unfortunately and to counter act the dropping GLBSE market, I was thinking if we invest a couple of percent then we can counter act the lose of portfolio value.

But it's up to you guys

I will keep doing my best with what I have.
//DeaDTerra

Hey guys!
I want your opinion on two points, the first is to invest 300 BTC into GIPPT, as it's run by me it's a conflict of interest and hence I do not feel comfortable making this decision on my own. If you guys agree then I will put 300 BTC into Gippt if not, well then I won't
The second point is, with the recent release of Pictures of pirate as well as some proof on concept and evidence of what he does, I want to ask the investors once again, would you be okay with a 3-5% exposure to pirate?
I personally believe that the chance of pirate being a ponzi has decreased dramatically over the last couple of weeks but it's always a risk.

Please post here or send me a pm with what your opinion on these two matters are
//DeaDTerra

INAU does this through some very smart accounting
Which makes it more profitable to do this insurance then it would be for him to directly invest in Pirate. I can not give away the details of course, but trust me I have seen the math it works out
Btw where is my micon sign of approval? I haven't gotten one yet
//DeaDTerra

I am now verified on GLBSE
//DeaDTerra

Thank you for the confirmation
Now I just need INAU to get his ass onto the forums and confirm the third part xD
//DeaDTerra

I am tired of this bullshit both as a investor and as a middle man stuck in between this shit.
I will be talking to both parties and see if we can solve this so that everyone including the investors will get happy.
I will be pushing for a buy back as this is obviously not working out...
//DeaDTerra

Nice, I am trying to turn nameplates of but have not had any sucess yet xD
//DeaDTerra

Yes if you would have posted this on my asset page, or sent me a pm or such then I would have been fine with it. But posting it in your own asset to shit talk my asset so people buy yours, now that's not really nice now is it ?
Imsaguy makes a majority of his interest rate from mining, and has a low pirate exposure

Of course they do and I have been clear where they go from the start.

We will see, I have no intention of letting our insured funds reach pirate, I will keep track of them and make sure that all parties, is aware of what's expected and required of them!

Best of luck to you as well, May your investments prosper and Pirate never default xD

//DeaDTerra

Where was this located?
//DeaDTerra

I am pretty sure that, it was not like that our conversation went Goat I remember that you were very interested in buying a couple of thousand, but ofc that was before vegas ^^
I am going through with it , I have crunched the number and gone over it several time it works.
Why would I need to make 2.5% with the escrowed money?
Someone buys 1 bonds. That one btc is sent to pirate, another BTC is sent to ImsaGuy. The Pirate payment pays 7% and ImsaGuy pays around 1-2%. Then we pay out 2,5%. What in this calculation is impossible?
Yes I am only personally insuring 5%, the rest is insured by a well known and trustable lender called IneedAuserName . But he will not have access to the coins used as backing they will be with Imsaguy as mentioned above.

So please stop the slandering Goat it's unnecessary...
//DeaDTerra

I want to offer something of value and that's beneficial for both sides. As I can't compete with interest rates we will compete in IPO price
Awesome, place you bids now

No this will not be the case please read the google document provided for details
Imsaguy, will hold INeedAuserNames backings, and in the case where pirate defaults he will transfer them to me .
They will be making interest rate and there's of course a chance of a default, in this case the debt for the insurance still lies with INeedAUserName.
If both ImsaGuy and INeedAUserName defaults then, I will pay out my 5% and we will shut down (this is a VERY unlikely scenario, I highly doubt this will happen. It would take a three fold default for this scenario to happen)

Imsaguy makes his profits mostly from mining, which is why we chose him

Indeed that would be optimal for the purchaser of the bond but unfortunately not for the issuer. Hence we have chosen something inbetween, it's not high risk or connected to pirate but it still makes a nice interest rate
//DeaDTerra

This will be answered shortly
//DeadTerra