So far, we have no evidence of how secure it might be. Does anyone even know the person(s) behind it? I wouldn't trust it with a single cent until I know better what kind of security to expect, and whose reputation is at stake.
And no, reputable members promoting it isn't good enough. I want to hear from the actual owners.
It's led by JRO (ZipConf, REBATE, and Kronos so far are the only ones publicly known AFAIK). The dev names can be released if they choose. Announcements aren't going to come until the service is launched publicly. The service is not yet launched publicly. It's in "inner circle, very early" beta. Obviously, the site's not complete yet. Launch is still at least two weeks away. Have you guys not learned a thing or are you just insane? Who would put a single Satoshi to such a platform again these days after what just happened to Bitcoinica, not once but twice!?!! People are so ridiculously stupid.
Maybe this time it's actually people who know what they are doing. Does kronos.io also allow trading on margin? Kronos allows up to 10:1. My favorite part is that the platform appears to run on linode, the homepage is extremely vague about security, and the FAQ entry about security says "coming soon..."
Of course it's coming soon. Please stop judging the website as a complete work, because it isn't complete, yet. Weeks away. The information you'd expect for a publicly-launched service will be available when it's a publicly-launched service. ETA: Dev is on Linode. Exchange keys are not on Linode. When launched, it's unlikely service will be hosted on Linode. |
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Care to clue us in to which state you've moved to?
All in due time.  Giga's worried someone might try to intercept the FedEx truck. |
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I'd like to get an additional 4k BTC worth of funding within a few days. I don't want to cut into the small amount of liquidity which has built up on GLBSE. This is not necessary funding, but I'd like to have cushion in case of a worst-case scenario without needing to sell other assets. If you want to buy 100BTC-worth or more of BDK.BND, please PM me. I can toss you my ID & a utility bill from this year if necessary. This offer is valid until the end of 5/27.
Cheers,
Ben
1k fulfilled (thank you, again). I'd like at least another thousand by the 28th. Nonessential, but would be much appreciated and give me peace of mind while INAU & I move forward with underwriting deals. |
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"FWIW the 1.3%+ rates coming from bitcoin mining are every bit as unsustainable"[/b]
Restaurants sell for about what they profit in a 2 year period. Which comes out to about 1%. Bitcoin mining takes less investment, but far more risk. I think it averages out about right. Restaurants are extremely risky money-pits. I'd loan to a wise fellow with 100 gfx cards hashing away in a warehouse and a year's experience mining instead of a fellow with 100 pounds of foie gras and a year in culinary school any day of any week. If you think owning a mining farm is more risky than owning a restaurant, you're out of your mind. I'd rather have a god-damned boat. FLAME ON! |
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The "weird" thing is that they don't require any confirmations for Bitcoin transfers. My test BTC transfer went through in 10 seconds. Anyone want to try a double spend with them?  Kronos leverages ZipConf to allow near-instant transfers. ZipConf has well-tested algorithms implemented to prevent double-spends. So, good luck. |
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Invite codes only work once, afaik. |
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I'd like to get an additional 4k BTC worth of funding within a few days. I don't want to cut into the small amount of liquidity which has built up on GLBSE. This is not necessary funding, but I'd like to have cushion in case of a worst-case scenario without needing to sell other assets. If you want to buy 100BTC-worth or more of BDK.BND, please PM me. I can toss you my ID & a utility bill from this year if necessary. This offer is valid until the end of 5/27.
Cheers,
Ben
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Since we've received the question, there is no IPO being considered for IOU. This service is of our own funds, and at our own risk. When we agree on a deal, what we don't sell, we effectively purchase.
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Pleased to announce a partnership in underwriting with ineededausername. Tomorrow, a full announcement with a new offering within a couple days. I expect this to be a mutually-beneficial, longer-term relationship. Just a few months ago, I was looking at 10BTC loans with intense scrutiny. Now, we're taking on tens of thousands of BTC worth of challenge, establishing relationships with the leaders of cryptocurrency infrastructure progression, and becoming a moving force in the community. June will be a good month after all. I am very content with the pace of progress.
As well, Bitcoin is truly entering its toddler years. No longer a newborn, no longer an infant, we now have something to offer other than novelty value, potential, and cute smiles. It's becoming a two-way street where you don't need to ask only what you can do for Bitcoin's success, but what Bitcoin can do for your success.
(no, I'm not sure where Silk Road fits into that analogy)
Here's the promised announcement on that: https://bitcointalk.org/index.php?topic=83557Additionally. I'm revising this week's dividend guesstimate to .0004BTC/share instead of .000135BTC/share, so there's another small bit of good news. The new monthly profit guesstimate is as follows: May 2012 Net Income ExpectationsOptimistic estimate: 845BTC Reasonable estimate: 835BTC Pessimistic estimate: 825BTC BDK price has been odd on GLBSE. There was a large sell (accidental?) which brought the price down to one satoshi for a few minutes, and now the last trade is @ ~.24 -- next open-market offering will be in less than 10 days, now. 5pm Eastern, again. If there are any questions, feel free to open up a dialogue with me - here or privately. |
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PR accounts are all the rage these days, eh?
I guess. Company name is unestablished. Seemed silly at the time to post just as "IOU," and since we're collaborating on all we do, it seemed reasonable to have one account we share. |
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Reserved
Subbed/reserved (I will be posting as an individual except for major announcements) |
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Why is the node count on a steady decrease?
online wallet services I think Electrum's getting more use, too. The blockchain's getting ridiculous in size. It takes way too much time where the hard drive is practically unusable. It's almost to the point where you can't just go to sleep after starting the client and expect everything to be ready to go when you wake up. With SatoshiDICE adding 100MB every month or so, I don't think there will be many "full" clients by the time the block reward halves, unless a solution's implemented. |
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Any news? I see no movement on this asset?
REBATE is being skinned and should be launched in 1-3 weeks. I was talking about the IPO. The contract talk about a facial value of 0.2 btc, and 25 000 shares to be sold. Considering the few bids that were put at the time the IPO started, I placed a bid for 250 shares for 0.2 btc each. It was never filled, as well as other bids at 0.2. What the fuck? The shares were all sold before the IPO, I believe. INAU would know. |
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Already put in some offers at 1 Bitcent - 500 BTC seems to me about right as valuation for a company like this - 2k BTC per month profits sounds too good to be true to me... As far as I know quite a few established pages are close to being unprofitable and I doubt people will pay substantial amounts at penny auctions, I'm always ready to be surprised though!
JRO's projects are not "established pages." Bitcoin sites are, for the most part, hobby projects reeking of minimal funding, low-value thinking, and inexperience. This project has significant funds and some of the best designers & devs the community has. Prepare to be surprised. |
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Any news? I see no movement on this asset?
REBATE is being skinned and should be launched in 1-3 weeks. |
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Pleased to announce a partnership in underwriting with ineededausername. Tomorrow, a full announcement with a new offering within a couple days. I expect this to be a mutually-beneficial, longer-term relationship. Just a few months ago, I was looking at 10BTC loans with intense scrutiny. Now, we're taking on tens of thousands of BTC worth of challenge, establishing relationships with the leaders of cryptocurrency infrastructure progression, and becoming a moving force in the community. June will be a good month after all. I am very content with the pace of progress.
As well, Bitcoin is truly entering its toddler years. No longer a newborn, no longer an infant, we now have something to offer other than novelty value, potential, and cute smiles. It's becoming a two-way street where you don't need to ask only what you can do for Bitcoin's success, but what Bitcoin can do for your success.
(no, I'm not sure where Silk Road fits into that analogy)
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I have an issue with this motion if you'll hear me out. I'm ok with expanding to purchase more hardware, but what I'm not ok with is "Remaining funds from this capital will be invested in other GLBSE companies/bonds, which will ultimately increase Cognitive's earnings". This is vague and incorrect in stating that earnings will ultimately increase. Other companies can fail and lose money, which is why I'm not investing in those companies. Also, nothing specific is given as to what companies Cognitive would invest in, how much would be invested, or on what quantitative or qualitative basis Cognitive would make to invest in companies. In my opinion, there should have been two separate motions, and I'm sorry I didn't come across this sooner.
Another point worth making is that as the sole operator of Cognitive, you have proven yourself to be a great technical operator, manager, communicator, and what have you for running your machines. But what makes you a good investor? I'm not sure that I trust someone else to make investments for me. I'm honestly surprised no one else has brought anything like this up, as I would want to know exactly where the money is going, how it is being spent, and based on what assessment. As I currently hold about 1% of Cognitive I feel that this is something worth bringing up and I'm curious to hear other people's perspectives.
I noticed that too. I figured that after buying new hardware, there would only be a small amount of funds left over, and was curious as to where and what Garr would invest in. Same here. I'm assuming we're talking about "leftover funds" which'd be used, not thousands of coins. May's well do something with them, and given how stupid-easy it is to grow something in the Bitcoin economy, you'd be hard-pressed to end up with a loss. Investing (I wrote "Incesting" at first - Idunno if that was really unintentional) in other mining companies seems a little cannibalistic and unconfident. I own nearly 2/5 of Cognitive, now (ETA: this is false now there's 6.4k shares instead of 5k). I'd definitely prefer funds stay in something relatively liquid (I don't think you're providing seed money for any private manufacturers or investing in boats, so you should be good on that), and something with stable returns (low-risk). Blurring conflict-of-interest lines, but I'd be happy to give Cognitive a preferable CD rate of 6%/32D with the option to take out the entirety of funds on demand, but with interest-nulling penalty should it be exercised prior to date of maturity (which'd be every 32 days, assuming auto-renewal). No Pirate exposure, decent diversification, and relatively enormous % ownership equity compared to typical banks. |
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My two different downloads hanged after 100% progress. One of them died after waiting for several days and the other is still waiting. Does anyone experience this? What is the cause?
EDIT: After adding the same torrent and paying again, it completed instantly (both the new one and the old one).
I've never had that particular problem. Just used the service again yesterday for a few different downloads. |
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There's about a week and a half left until the June 2nd public offering. The IPO price will be at .185BTC/share. However, there are already bids @ .2/share (well... alright - the bid volume at that price is only $25). I'll have profit guesstimates posted for the month of June on June 1st.
The OP has been cleaned up a bit more. I'm almost certain the USB cable on one of the Icarus boards is faulty, which is fine - I have spare mini-usb->usb cables.... somewhere in the stacks and stacks of moving boxes. :x -- Anyway, now they're each connected to a PC individually (instead of through a hub), only one of them is failing, though there's no error message - it just stops submitting shares after 4-48h.
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