forgot to mention in the OP: in case it's not obvious, the cut-off will be based on the forum clock.
errr... i guess that clock means it's ended! congrats kluge... please pay to 1pSw5cbr3fKkqepbdmyGN4K1wE2vUCjfm and i will message imsaguy. I'll get that to you within an hour (need one confirmation on a withdrawal). Cheers!
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Hmmmm... I just read through shak's liquidation thread. He *does* have more than what's listed there, right? (I mean, something more valuable than tens of cables he took the time to count and list) It's not a very encouraging thread.
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Mine arrived today, and my wife says it's an empty container in a honey-encrusted box. I haven't seen it yet, but I assume she's right.
Sorry about the bad luck with shipping. I hope you can find out a better method. It was a pretty cool idea.
I've had a lot of things break in the past year with USPS. Wine, spaghetti sauce (both packaged well-enough where I don't see how they could've broken unless repeatedly slammed against something), bacon (don't ask), this honey - I had a stick of RAM that somehow partially snapped. Couple packages have gotten lost, and a bank I had insisted they sent me ~10 notices about an overdraft I never received (though I honestly think that was the bank's fault, not the USPS). Never had problems before the past year. Dunno. I'd prefer a re-ship if you're up for it -- doubt I paid enough to even cover cost of shipping once since I got it in the auction thread. Something like a "squeezee bear" would be fantastic so long as the lid doesn't leak. Dunno how much cost it'd add, though.
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Well I kinda got my honey today.
Royal mail rocked up today and handed me a large box from Thailand \o/ Yay..... ow wait this feels a bit light... What’s all this crusty yellow stuff leaking out the box..it's...it's Ma Honeyz.....(Disappointed sadface)
Well it got shipped as promised and arrived in good time. The box was in good condition however I'm assuming all the boxs opened up under reduced pressure of the flight and about 80% + of the honey leaked out. Same here. Came in a bag the USPS put over the box to contain the leakage. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Scammy faggot.
Your ass definitely wont win. Then it's not random, scammy faggot. I exclude your dumb ass. My ass, sir, is hardly dumb. In fact, my ass can be heard throughout Walmart whilst enjoying perusal of their finest imported bidets and pleather toilet seat covers. As it stands, I believe your ass is indeed the dumb one.
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Scammy faggot.
Your ass definitely wont win. Then it's not random, scammy faggot.
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Any thoughts?
Yes, a little constructive criticism. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) CD A sounds like an actual CD. No problem, sounds good to me. CD B sounds a bit like a venture capital fund. IMHO calling it a CD is misleading. If you have time, I'm sure you could find more detail on how they work, but essentially the fund managers go to investors to "raise a fund" and when they reach the tipping point they close it to new investment and begin investing in companies. You might want to work option B like that, since determining ownership percentages for allocating losses could be very difficult if you do it on a rolling basis. No matter what, you'll have trouble raising capital for the June 2012 fund if the April 2012 fund proved to be a big loser in May. Its the same way for professional fund managers. I've toyed with the idea of just listing separate funds on GLBSE for a while (I have a detrimental attachment to doing everything by hand -- if there were a local "community currency," I'd honestly prefer it be a few people with paper ledgers keeping track of a finite number of "IOUs" to replace taking useful goods out of the economy as is done with the barter system). I think it was the first "BDK" thread where I proposed three or four different funds listed on GLBSE which would go toward different types of investments. "CD B" really isn't a CD at all, but a messy partially-insured HYIP fund, as you mostly say. If I ever took a loss like what I made up in the scenario for CD B, I can't imagine I'd keep it open. - Pay debts due, close it, and focus on CD A. I don't like how "BDK" operates right now. There are a few high-risk, high-yield investments mixed in with low-risk, low-yield investments, and asset trading mixed in with loans. Issuing CDs makes the most sense AFAIK, but I don't think all CD-holders appreciate the potential of their money going directly to a Pirate account, or Goat's latest scheme. It also ends up making me feel like I need all investments to return more than what I'm paying for interest on CDs. For example, if I issue a 63D CD @ 12% over principal on maturity, I get the feeling that I need to make two 30D loans @ >6%, instead of realizing two 5% MPR loans would be fine given higher-yield investments more than balancing out the difference - assuming the 5% loans are significantly more safe (IMO) than the higher-yield opportunities. I don't know why I keep posting alternatives to just issuing one-size-fits-all CDs. I have no intention of not paying any of them, and it's profitable. I never follow through with doing something alternate. *shrug* Maybe I'm just passing time until I'm able to fall asleep.
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All the more than 100 shares(2%) asking orders around 0.65 were wiped out.
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Waiting for the correction before I go in again.
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I'm considering splitting CDs, where one will function as they do currently, and another will operate more like a messy, partially-insured fund.
CD A would pay 2% monthly, go toward very conservative, diversified investment and give loans to truly productive individuals. These CDs would be 100% insured against loss.
CD B would pay 10% monthly and be lent aggressively to 1-3 high-paying individuals and/or organizations. In the event that one of those lenders default, the loss is immediately written off, and it gets passed on to all holders of the CD (as well as myself insofar as how many special CDs I issue myself, which could, for example, always match the amount of deposits I have). However, I pay out 25% of all losses depositors incur in case of default.
Example of CD B in action: I have 1000BTC in deposits (one person holds 100BTC, two hold 200BTC, and one holds 500BTC). Also in the "fund" is 1000BTC of my own coin, for a total of 2k coins in the fund. The loans are split between two people, both being lent 1k BTC. One defaults.
The person holding a 100BTC CD incurs a loss of value on his CD of 50BTC, but I will cover 12.5BTC of his losses. At date of maturity (we'll assume his CD was for a month), he's paid 50BTC in "principal," 12.5BTC in insurance payout, and 10BTC in interest, for a total of 72.5BTC return.
The person who held a 500BTC CD (let's say it was for a month) would take a 250BTC loss, but I will cover 62.5BTC of that. At date of maturity, he's paid 250BTC in "principal," 62.5BTC in insurance payout, and 50BTC in interest, for a total return of 362.5BTC.
You can figure out how it'd work for the other CD-holders. For myself, I would lose 250BTC due to insurance payouts, and 500BTC in "principal."
Any thoughts?
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Are you aware of VirWoX? Allegedly, using SLL as the medium of exchange involved in purchasing BTC is a fairly easy way to convert credit/debit/Paypal USD to BTC. Fwiw. Interested in seeing how these services develop -- I've never looked into what the fees are doing it this way. Cheers!
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What if we wait until I receive the boards, then agree to issue you $800 worth of shares at the going rate. This is because I believe the company is undervalued right now, mostly because, as HorseRider said, dividends from mining have not been paid out yet. I think the price per share will rise in the next few weeks, as dividends are paid, and all the hardware is received and set up. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) That's even worse for me than before if you're right about the stock being undervalued. No worries -- I might try bringing this up again, later. Anyhoo, I'ma snap up some aftermarket shares and'm excited to see how this progresses. Cheers!
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To the above poster:
This isnt a regulated industry, glbse isn't licensed by any gov to my knowledge. So insider trading would be expected.
As far as insider trading, I did have knowledge of how the ID situation was progressing as I was directly involved. I did give public notice the situation was going to be resolved very soon - that was about an hour or two before I actually bought the bonds. I'm fairly sure I haven't acted on any privileged information outside of that, and don't believe I've ever knowingly acted to decrease the value of TyGrr* stocks (though I did note to Goat I wasn't very worried about the value of TyGrr-Bank declining because I was interested in cheap aftermarket bonds - though it's probably worth noting that was after the ID fiasco was resolved).
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Everyone who doesn't post after me will receive 10 satoshis. You must prove you had intent to post. This offer is void if anyone posts after me in this thread.
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Each bond will be sold at .103 BTC and will be bought back at any time at .1 BTC.
This spread is here because you do not need to hold the bond for a full week to get the dividend payment.
Thanks!
I have no stake in this discussion, but seeing as how this is pretty much the extent of the "contract", I would say hashking was reasonably justified in believing that we would receive the full 0.1BTC. However, I am not familiar with GLBSE's interface (I find the design very hard to understand) but if it was clear at the time when he sold that he would not be getting the full amount, then I would say buyer beware. Hashking, did you submit a market order? Or, were you able to see the price that you would receive for your shares before submitting your order? Bid orders are clearly shown. I'm not sure why he would sell first, then ask for the cashout amount instead of asking for the contractual cashout amount, then sell when he would've been able to see he wouldn't get the amount requested. Whoever picked up @ .6 or whatever the sell order was made out like a bandit. In the end of all this, he's the only one who actually turned a profit on all this. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Kluge: How about a better offer? I think 325 shares would be a good offer on both sides.
No. The difference between issuing shares vs. selling aftermarket is that freshly-issued shares go toward growing the company. If the market thought Cognitive were so undervalued, it would fulfill the ask orders. You're asking me to pay significantly over aftermarket price, in which case, I have no incentive to request IPO shares. @ 350 shares, I'm a smidge over breaking even on purchasing the boards @ current market rates.
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I heartily approve of this service and have added it to my ever-growing list of ways to recoup tx fees.
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So currently he owes me 15.34 BTC for the price difference in bonds and 2.778 for the dividends. After a bit of thought, I've decided I will cover this. 18.118 is due. 1.38 was just transferred. The remaining 16.738BTC will be covered tomorrow morning. Cheers, Ben ETA: Rest of the payment sent ~10:40AM US Eastern, 4/6 ETA2: HK, around 10:40PM US Eastern, 4/6, insisted on returning the coins to me. I'm not sure how I feel, but I accepted his offer and very much appreciate it. Cheers!
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