Dividends paid. (agree with request for auto-pay, and request to include transfer fees, and request to make charts readable when there's an outlier, yada yada yada)
What about a logarithmic scale? Should be easy to implement. |
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I'll give you 150 SC.
also obviously not a business man... once a bitcoin site is created it can be extended easily to support any Crypto-currency. Any that exist today or any in the future.... Any possible crypto-currency that may ever exist? If you've got an engine for predicting the future, 150 BTC just got a lot more reasonable. One Question! Have you done any programming that makes RPC calls to bitcoind? Yes, I have indeed. (And honestly, that's no measure of understanding - it takes 3 lines in Python with a decent library) "Any cryptocurrency forked off a version of Bitcoin supporting JSON-RPC" is rather different than a blanket "any cryptocurrency", at least in my opinion. On an irrelevant note, I'm curious why you invested in FB. Overvalued IMO, and the market seems to agree, at least right now. |
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Interesting article, although I thought it a bit harsh to summarise at the bottom as These investments are either donations that come with benefits (à la Kickstarter) or they are speculative gambling at the cheapo casino. There is nothing in between.I certainly don't see Gigamining at those extreme ends of the spectrum. are effectively an educated, complicated, and multifaceted way of gambling. Bonds are not. The article writer sadly fails to differentiate between the two. |
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What equipment do you plan to purchase? Where are you located (solar-efficiency-wise)? Expansion plans?
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Are you planning to reserve a certain number of the bonds for actual sale on exchange, or might all the bonds be sold pre-sale?
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What do you think would be better, the Pirate Pass Through Bonds, or the real thing?
There "ain't nothing like the real thing, baby".  But not everyone can get an account, and not everyone wants to deposit enough to get the higher interest rate, so a pass-through, even after the issuers cut, may give a better return. You do take on an extra dose of counterparty risk though, so you need to trust not only pirate, but also the pass-through issuer. And GLBSE if it is on GLBSE. Yep, effectively adding two points of potential failure to the system in exchange for convenience of purchase, liquidity, and increased interest at lower volumes. |
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Okay, I'll jump on the bandwagon. Here's my offer:
My account is very old - within a day of the first public BS&T offer. I'm under the limit for the full interest. I'll accept co-deposits for no fee for the first 1700 BTC. You'll get exactly the same rate I get in interest.
So, currently 4.1% until I get 300 BTC, then 5.6 % until I get 1700 BTC and then we all get 7%. All I get out of these deposits in increased interest on my holding. No insurance. If pirate defaults, you lose and I lose.
Minimum term 1 month. Minimum deposit 20 BTC. Interest paid weekly. After I get the first 1700 BTC, I'll pay out 6.75% on further deposits.
Lowest tier interest rate is 4.2%, not 4.1%, unless Pirate's thread information isn't correct. ( https://bitcointalk.org/index.php?topic=50822.0) |
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Well, apparently someone considered this of tantamount importance to Bitcoin vulnerabilities; it got posted in the site-wide News bar.
"If you've unexpectedly received 400 BTC, please contact Goat."
Valiant, but probably futile.
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I do it for the lulz!
Please, please no. |
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Unlike other crowdfunding platforms, GLBSE has the opportunity to reach globally.
I'm not disagreeing with the potential of GLBSE, but I do not believe that first statement is accurate. Most crowdfunding programs have international support, though currency conversion is often required, but that is no different in comparison with fiat to Bitcoin. I'm no expert on Dr. Blank and whatever this particular postulation of his is based on, but it doesn't seem particularly convincing. |
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If the rates at BTCST change, the rates of this bond will change to reflect the rate change.
Proportionally or linearly? (As in, are you taking a percentage fee or a flat fee?) Umm.. I pay out .065 BTC each week on a bond that I sell for 1 BTC. I more or less keep the .005 BTC each week for managing all this/fees. Thanks. Seems I didn't get across clearly. If Pirate changes his rates, will the pass-through rate bond purchasers receive be affected linearly or proportionally in regard to the change in rates? For example, .065 is currently ~92.86% of Pirate's rate (.07). If Pirate cuts his rate in half, to .035, would bond payouts be .0325 (~92.86% of .035) or .03 (.07-.035)? Stated in other terms, do you take the .005 fee as a percentage of Pirate's rate, or as a flat amount? Hope that helps clarify my query. |
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Well, theymos, you just managed to start at least three new operations in about 45 minutes.
I don't think pirate's a scammer by any means, but the growing impact any catastrophe that might befall him or BS&T would have on the network is starting to scare me.
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Pirate pass-through lending seems to be the flavor de jour. Out of curiosity, why aren't you running this through GLBSE?
I have my own website and rather not pay fees. You shouldn't pay anything with the way the fee system is set up now (maker/taker), though I can understand if you want to use your own site on general principle. |
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Pirate pass-through lending seems to be the flavor de jour. Out of curiosity, why aren't you running this through GLBSE?
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If the rates at BTCST change, the rates of this bond will change to reflect the rate change.
Proportionally or linearly? (As in, are you taking a percentage fee or a flat fee?) |
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p2pool
Merged or solely Bitcoin? |
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Earnings will be distributed every Saturday.
Not sure what you mean by this. We wouldn't be able to point our rigs to our pool of choice? Yes. OP updated. Where do you plan to point them? |
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Earnings will be distributed every Saturday.
Not sure what you mean by this. We wouldn't be able to point our rigs to our pool of choice? |
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Would we pay electricity and the 10/15%, or does that number include electricity?
EDIT: Oh, and I'd suggest changing the title to mining colocation instead of mining proxy, as what you're offering is far closer to the former.
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Hmm, a glitch that theoretically will double GLBSE's take in trade fees? I bet that will get fixed any second now... /s
Fixed already (see the announcement). It's an interesting bug and is forcing me to make some serious changes in GLBSE's backend to account for this. I actually consider this a very serious issue, the result of fixing though will be a much faster GLBSE. GLBSE is STILL down. Pretty serious, IMO. It's back up now. |
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