While we're on the topic, what happens if you get hit by a double decker bus?

@Nefario - sent you an e-mail regarding some problems with dividend payments.  Seems some shareholders received their dividends and some did not.. 

seems i've had a few people msg me saying they didn't get their dividend this week.. but they did go out.. and BMMO history on GLBSE 2.0 shows that.. might need your help Nefario..

teek

I am interested in the RPP (road pizza policy).  As much as I like and totally support the idea behind GLBSE..  It is kind of hastily thrown together and not so well thought out (at least from an outsider perspective)   I understand that it is in its infancy and may not be making the money required for it to be taken seriously (yet) but I am worried about a) if something happens to Nefario,  b) if the project is abandoned (it almost was).  

I already have a decent chunk of time / money tied up in GLBSE, and issues like these are REALLY holding me back from going further with it.  I am sure I am not alone in feeling this, as well, from an investor standpoint its gotta be holding people back from taking it seriously (thus investing) as well.  If GLBSE is really looking to make meaningful strides here, this stuff has to be addressed ASAP.

teek

I wonder about something similar.  I don't know jack about securities law, but from what I have heard, offering a public security and soliciting people privately to invest are two totally different things.. 

forgot to reply to this, noticed you mention something in another thread about it.  I think the way my current broker handles it is real simple though I am not sure exactly how they handle it as I haven't actually looked at the actual rules.  This is how it acts however:  Your order is checked at order time to make sure you have the balance / margin / credit available.  If this first check passes, the order is posted.  Kind of like a "soft" check / pre-approval.  At execution time, the order is checked for margin again and then executed.  The "hard" check.  Now the way my broker works, is they give you a certain # called "buying power" which takes into account other holdings and things too.  I think for GLBSE purposes, this could just be based on cash on hand.  IE: if I have 100 BTC on hand, I should be able to place 100BTC orders, as many as I want, whatever price I want, and these should all pass the soft check.  At execution time, if the order fails a hard check, it is removed from the order book / cancelled.  Something like that anyway. 

I had the same problem, do you actually have funds in the JLP-BMD (or other asset) sub-account?  I appeared to have BTC in my account (BTC Account), but it was actually trying to draw from the BMMO sub account which was empty.  Moved some funds around and off to the races.

404'ing

hmm actually i noticed the way the new system pays dividends is a little different than it was so the dividend payout was slightly lower than it was supposed to be.  I manually paid out the different in second payment just now, but I will have to figure this out / talk to Nefario about how it works by next week.

teek

Dividends paid!  Another weekly dividend of .0047 BTC per share has been paid!  Minus our fee, .0032 per share net to shareholders!   We paid these out on GLBSE 2.0 today and other than a little bit of interface shock (they need a UI / UX guy) it seems to have worked smoothly!

I also just noticed that my post from last weeks dividends payments didn't post or something as it is not here.  For the record, last weeks dividends were paid on time, last Sunday, and were .0047 gross, .0032 net (same as this week).

We are looking to add a lot more hashing power soon!  We hope to have pictures / stats of our new rig as soon as it is all cable tied up and looking pretty!  Hint: it's a 10GH monster with room / power for at least another 30

teek

That's great and all except the orders won't be there to begin with.  It is actually a disincentive to liquidity providers, why should they tie up their money to 100% commit to something that only might happen.  This is a fundamental problem here.

it is not so much pseudo leverage as it is making a proper market.  just because i have a buy for 10@1btc for stock a, doesn't mean i won't jump at the opportunity to take 20@.5btc of stock b should the market decide to go there (with the same money).  money is limited, people have to keep their options open.  all this will encourage is no standing bids.  credit has to be checked at execution time, that's how it works.

Question on this part actually.  If I have an open buy order that reserves that amount of BTC from my available buying power?   I mean, even at my traditional stock brokerage I can have overlapping orders, it just depends at time of execution if I have margin there.  This will have a profoundly negative impact on liquidity.  Please correct me if i'm wrong.  

it would be nice to be able to do both..


It does.

@Nefario -  I am trying to pay weekly dividends totalling 21.0976 BTC,  the account I am trying to pay from currently has 23 BTC in it, and no open buy orders, yet GLBSE tells me I have not enough coins.  Help please.

teek

I had a typo, you may want to try again, it worked fine for me as soon as I found the typo.

+1

+100000000000

also the old xml contracts on the imported assets from 1.0 is not being displayed correctly..  

charts.glbse.com down again, better part of a week this time i think..

Dividends paid!   .0048 per share gross,  minus our .0015 fee, .0033 BTC net per share paid to shareholders!