Require webcam, have the visitor capture and upload imagery of their genitals (it must be from the attached image-capturing device), have site app determine whether genital (or breast) size is large enough to be considered an adult.

Duh.

That'd be a very interesting (novel?) choice... I'm don't think they've advanced enough for this type of application. They're expensive, don't discharge at a consistent voltage, and are allegedly prone to sparking easily (the device would possibly need to be air-tight, or risk injuring people, perhaps exploderating gas stations). They charge rapidly and you'd never need to replace it (rather, the supercapacitor will not degrade like a normal battery -- you can recharge it over and over without losing capacity), but a cutting-edge supercapacitor that size would last maybe a minute or two with wireless communication enabled, and because voltage output under load decreases rapidly with discharge (unlike with conventional batteries), much of the battery's capacity would be unusable due to the device requiring a relatively high amount of electricity output. (I don't keep up with supercapacitor news, though -- would be interested in some education)

(sub) ETA: Wait -- where is it said that the device has no battery? (ETA2: For some cool, obscure energy storage, how 'bout LiFePO4? Can be recharged many, many times without degradation [not in the same ballpark as supercapacitors, but relative to Li-Ion, dramatically superior cycle life], has a voltage output plateau unlike supercapacitors, has a ridiculously long calendar life, and is relatively safe.)

YABMC is for 1 MH/s as well and is trading for .15-.18 per bond (was looking poised to hit .1/bond just an hour or two ago), ATM. Since CANMINE would be ~2x the price per MH/s (until upgrade), that's effectively half the dividends you'd get with 100BTC worth of YABMC if that person went with CANMINE.

The question for potential investors is pretty clear. Do you think half-dividends (compared to YABMC ATM) for 16-32 weeks is a cost worth ~26x the mining bond's original hashing power once ASICs are in the wild and the block reward halves?

The house which looked perfect only looked as such due to very deceptive photo-taking and lack of information. Had significant water damage, a ton of surface damage (nothing that'd take much cash to fix), "Metal Mulisha" spraypainted in a couple places inside, and some minor damage outside... styrofoam wall in basement (still baffled by that).

Looks like majority of damage came simply from bank leaving it unoccupied for three years, which is pretty sad.

OTOH, though, wife received 401(k) password today in the mail and it had well over 2x what we were expecting, so.... home loan's no longer needed. I appreciate the offers people made. Cheers! (locking thread. Will unlock if situation changes -- if anyone wants to buy a USD CD from me, there are other projects looking for cash loans I could use them for. Would still pay 2%/month, slightly different terms.)

I live in Detroit, now? I'm in the Jackson, MI area. The house we're selling is in PA. The place we'd like to move to is in ENE Indiana. (originally, up near Gaylord, MI, but that house would require both we wait for our PA house to sell [or I take on $60k worth of debt, which would suck], and for the short sale to go through on the Gaylord house when we make an offer)

I will not have a wife any longer if we continue to literally live in my mom's basement, waiting for the house in PA to sell.

I have $29k in the bank, ~$30k of BDK equity, ~$55k worth of house in PA. I will also personally take a loan out from BDK in the amount of ~$16k.

House we now want is $48k. I figure ~$55k is a safe number for the minor repairs required after moving and immediate appliances required, moving expenses, and short-term living expenses prior to finding employment. 55k-29k-16k=10k. Pay stubs and income tax statements will not be provided.

Interest payments will occur every 30 days after the loan is made and be 2% of principal (if you take the full loan, that'd be $200/month). Early repayment and partial repayment will be permitted. If I pay early, principal will amortize the next 30-day period, but not the current (that is, if I have a $10k loan out to you, repay $5k "today," I will pay $200 "this" month for interest, but only $100 interest for the next payment period, and $100 for each month after until loan is further paid down). For total early repayment, I will pay interest for the month as determined by the outstanding debt I have with you at the beginning of the month. So, assuming I have $10k debt with you still, and I pay it off "today," I will pay $10,200, and that will be the end of the loan.


6 month due date is not based on anything -- arbitrary number which assumes the house will sell in that time, or we can earn enough income to pay it off, or I'll crawl to family and beg, or crawl to other lenders and beg. Give me some time and I'll try to find a replacement if you ever want out of the contract, or have  BDK take the loan (I'd prefer not to have much more than 1/5 of BDK coins invested in me personally, but I suppose I could if absolutely necessary, perhaps to some grumbles of BDK investors) - or if you'd like to sell your loan with me to someone else, that's fine, too, so long as they understand the loan agreement does not change.

Questions/comments will be responded to when I see 'em. I'm going to sleep, now, but I'll take a look tomorrow morning. We leave to look at a couple houses tomorrow. Since I don't have the cash to buy the house immediately, I'll offer a $10k deposit, and give myself 3 months to pay the remaining balance to the current home-owner, pending inspection. The loan, then, does not have to be immediate, and does not have to occur for months, potentially. I'll wait to post the house listing until our offer's been accepted to keep you vultures from buying it.  

I can accept the loan via wire, ACH, or something like WU. I do not have a BitPay account, so I am not willing to take BTC. PPUSD would be considered if the loan's broken up. I will not tolerate the risk of taking the loan in GoxUSD. Cheers!


(Beyond the home loan, I'd be interested in as many deposits as available in USD. I have more than enough BTC deposits ATM and am not selling BTC CDs any time soon.)

Right. I was trying to make two points -- I won't change the contract (particularly, the rate) unless every bond is bought back, and bond-holders can't sell bonds back to me whenever they want (that is, it isn't a demand deposit).

Sorry about wording it poorly. If anyone has a reasonable claim to reparations as a result of the breach of contract and can prove actual damages, I'd be willing to hear it out (keeping in mind that I still wouldn't buy back all bonds any earlier if I didn't do this deal with cyto). I'll be more mindful of what I write in the future. (thanks, Cytokine)

Yeah - there's fx risk. I'm thinking I should start trying to get more USD CD sales to hedge with, then I could effectively lock rates in -- as my USD debt decreases as BTC price rises, so too do the depositors' CD value in USD - and opposite if BTC decreases in price. The alternative is staying entirely in BTC, but dumping all my securities, because almost all of their BTC value decreases as the exchange rate rises. - and BTC's great, but for startups, USD pays the bills.

I'll have ~3.25kBTC coming to me within a week. I want to convert 1kBTC to USD to lend to a project I'm familiar with @ ~2.75%/month. Keep in mind that I paid 2.5%/month for USD deposits a bit over a month ago, and that depositor isn't me, so couldn't trust my intentions or know my situation as much as I can.

The remaining 2.25kBTC are currently uncommitted. I'd like to sell off into this rally and use the USD to loan to myself for the purchase of a house, and I'd like to pay no more than 2% monthly on it to be repaid as soon as our house in PA sells (it's been on the market for ~3 months, now, so I'm not holding out too much hope of it selling within, or otherwise have enough funds to pay it. Partial repayment would reduce interest payments.


Thoughts?

Same reason I was selling YABMC. It took a while to realize, but by holding mining securities and taking BTC-denominated deposits, I'm effectively shorting BTC, which is not a bet I'd like to take at this time. Beyond that, I don't place extra value on holding equity vs. debt, so Cognitive is overpriced by my own valuation (though underpriced compared to comparable equities). Mining hardware will depreciate at roughly the same rate as a MH/s (particularly FPGAs/ASICs, while GPUs are probably immune to difficulty-related depreciation since mining is a pretty obscure use for them - but GPUs will depreciate for other reasons).


Anyhoo, YABMC sale's off the table and I'm locking this thread. Cheers!

Happened when Senator Schumer launched his mini-crusade against the site. SR traffic spiked to the point where SR admin didn't know what to do. Very few people know when they should just shut up (I'm no exception).

"The currency used to purchase items on the Silk Road is known as bitcoins ... A user takes real currency and trades it online for bitcoins and then uses this non-currency to make transactions." Derp.

There's an easy way to make phone verification very difficult to fake. Place a call with registrants prior to authorizing them. Record the conversation. Use the voice as reference for verifying future calls. That said, I don't oppose requiring a public pgp key. It can be done, and I have no problem placing barriers to entry. It's not as though I have more coins than I can put to work -- it's much more important those coins go to the proper home.

6054 BDK.BND units were just bought back privately, leaving 10313 bonds in the wild.


Cheers,

Ben

All Cognitive shares sold. Still have YABMC remaining. If you offer under what I'm asking, I'll consider it when the offer expires at Noon (my time, ~13h30m) tomorrow, but offers at the value I'm asking will be filled as soon as I see 'em.

Cheers!

Cognitive - Remaining Shares: 1004 (asking .6/share) All shares sold!
YABMC - Remaining Bonds: 15661 (asking .2/bond) No longer for sale!


Minimum order: 50BTC-worth

PM me. These offers will remain available until they're out or ~14 hours after this post (Noon Eastern). I'll be going to sleep within an hour of this post.


ETA: Sorry if this belonged in Goods or somewhere else I neglected to remember.

I'm expecting to receive quite a few coins within a week. If so, I will buyback all bonds @ .101/unit as soon as I get it, as specified by the contract. If I don't get the coins within a week, I should get them "soon." If I get the coins and initiate a buyback on a Sunday or Monday, I'll pay .102/unit (if on a Monday, I will not pay dividends that day).

BDK.BND will likely be reissued at a later time at a reduced rate. In the meantime, if I need funds, I will begin selling CDs again. I am not currently selling CDs, though I'm renewing existing CDs. Upon BDK-BLoC launching, CD sales should be handled automatically on the site, and sales will definitely resume at that time, though at a reduced rate. BDK.BND will likely relaunch a couple weeks prior to BDK-BLoC launching, which could be as soon as in two weeks, though likely in a month or two.


Cheers!

We've talked about security quite frequently. It's our top priority (well... profits are my top priority, but that necessarily requires security), and the dev is familiar with infosec.

Accounts will only be allowed one whitelisted address. It can only be changed with a 48h wait after the request, and I'll be personally calling the phone number on the account's file as 2FA. All transactions beyond simply viewing account information will require a short code from the person logged in which will never be emailed, so even if an account-holder's email account is compromised and they've used the same password on another site where the login info was leaked, a malicious person should be unable even to request a loan to the account-owner's BTC address. A phone call will also be placed to the number originally registered with if the request is in a large amount.

I will note that I will be liable for malicious actions by unauthorized users, not the account-holders - but that liability's limited to not charging interest on a "fake" loan unless coins were sent to a BTC address other than the account-holder's. If a malicious person requests 100BTC to the account-holder's BTC address, the account-holder would be liable for that 100BTC. If a particularly nefarious person were able to compromise the db and change the BTC addresses (the hot wallet ofc wouldn't be hosted on the app server), then I would be liable for the principle of the loan since the account-holder didn't receive the coins. By keeping a relatively small amount of coins in the hot wallet, my maximum risk is pretty low, but will allow those auto-loans to occur without me needing to be online 24/7. Of course, if it is compromised, it's a pretty darn good warning (and cheap, relative to what others have needed to pay) to me that everything needs to come down while we investigate and resolve the problem.

A PGP key will be requested, but not required, upon registration. A valid phone number, however, will be required. As to companies opening up their books, an NDA would be accepted, but companies wishing to keep their BLoC unfrozen must publish their financials to the public, and those records can be no more than 6 months out of date. Businesses will be required to file monthly with me, and they can opt to keep that private or have it automatically published on the public side of BDK-BLoC to fulfill their public disclosure requirement. I'll pull that requirement if enough companies refuse based on it that I have significant idling funds, but that's never a problem, even now. The credit rating is broken down into 10 categories which will also give the public a bit of an idea of the financials of the company (how the credit rating is calculated will be published in the mock-up, and the exact meaning of the numbers will be published when BDK-BLoC launches).

There will be a hot wallet, too, but it won't ever contain more than 150BTC, so if someone had the clearance, they'd be able to request <100BTC and have it sent to them immediately after they request it (assuming the hot wallet isn't empty and they have a LoC available). Automated CD sales and repayment should be cheap to have implemented, too, so if an entity had reserves, they can quickly send it to me, I'll pay them a % interest multitudes superior to a USD bank (BDK is not a bank, btw, and never will be [I'm based in the US - claiming BDK is a bank is probably something like a 5-year prison sentence and $100k fine] -- all loans are personal loans to and from me, and I'm legally disallowed from creating a demand deposit scheme, which I wouldn't want, anyway). I already do CDs with pen & paper, and that's a pretty quick process. No need to calculate a bunch of different rates each month, even -- I can set a prime rate as appropriate, and everything else can automatically adjust.

June 18 UPDATE
Dividend/share paid: 0.000406688BTC/share
Total dividend paid: 3.66BTC (I had a tiny amount leftover in the account, now that I've realized so true dividend paid is 3.66002 -- enjoy  )
Running total dividends paid in June: 13.49BTC

June 2012 Net Income Expectations
Optimistic estimate: 175BTC
Reasonable estimate: 75BTC
Pessimistic estimate: -50BTC
(Guesstimated weekly dividend payouts -- June 4th: 0.0BTC/share Actual: 0.0BTC/share, June 11th - .00063BTC/share Actual: 0.00121358BTC/share, June 18th - .00014BTC/share Actual: 0.000406688BTC/share, June 25th - .00036BTC/share)

ETA: Looks like GLBSE refuses to take dividends which aren't large enough to send at least one satoshi to each unit-holder. That explains why I had .00002BTC left in the account, so the actual total dividend was 3.65994BTC. The difference between that and what's owed will be carried over to the next month. Sorry.