Thank you for the feedback, but being in last place wasn't my intention.  The flip side is that I'm paying "lousy" rates to support some lower cost lending so borrowers can get funds at 2% per week and people investing/depositing can have a high measure of confidence that their funds are secure.  I'm aiming for sustainability and longevity.

I'm not about to ask the other deposit takers to drop their rates though, but I might keep the 1.5% rate running past the end of June (undecided).

Having pulled another few thousand out of crypto this week (24 hours for an international wire is one of the fastest I have received), the scammers are still the Australian banks charging 8% currency spreads costing me extra hundreds of dollars going to their profit margins.  Locally it's only 4% and other places are even less.

Didn't see any liquidity problem.

Um, I also have more than 37 coins with BS&T - I was simply referring to my current idle coins held in my personal wallet.

I have 37.2679BTC in my wallet currently.  That makes me #1 so far.

Funded - 26 coins with monthly repayments.

So if your cost of capital is so low, then you would be investing in something with a higher return?  Giga bonds are paying much higher than that, and even the non-BS&T deposits pay better, or some of the fixed interest bonds on offer then you can easily get 4-6% per month with fairly low risk.

The DCF/FV calcs could then contrast 100BTC invested in Gigamining versus BDK.bond (as an example).

Not just borrower/lender combos, but for people investing in securities. 

Picking BFLS (randomly as the next stock above 1000BTC total volume), what do you know about it, the guys that run it and their long term plans - yes the exchange tells me Inaba has done this and at least one person has some information on him (although I have no knowledge of Nef either).

Would having more information make this asset more or less valuable/more or less risky?

The blue is nice (six down, four across).

Oh for the days when all computer equipment was grey-ish.

Nothing special, up to 26 weeks at 2.5%/week.  Interest calculated on a daily basis and debits/credits on the day of payment.  Uneven repayments and early payments without penalty.  Assuming no collateral.

Is there a facility fee? or is it free to have 1000BTC of credit sitting doing nothing? 

(Starfish waves back)

True, and also the graph Daily Anarchist threw up doesn't take different assessments of time-value of money into account, but when deciding what to invest in, the competing alternatives and portfolio risk also comes into it.  But the debate/discussion is useful.

Also, they went from announcement/pre-orders to shipping in five weeks.  I have financed eight units for different buyers and put in a purchase order for another 10 today.

Other than BFLs (which arrive eventually) and the intro special on the Cairnsmore, it's about the same price as the other competing products like the x6500.

The current numbers are easy, but your post wasn't about future rates or even hedging instruments.  Anyone can look up the BTC/USD cross rate and difficulty.

However, knowing the forward curve for them would be much more challenging - possibly too illiquid a market to have futures on them yet.

1 and 2 easy, it's the third one that's hard - hence my starting a credit rating discussion to actually collect those ideas.

I was reading Daily Anarchist's post and thinking about several others that have been made recently about credit ratings.  I've done some work in this area before, certainly around credit scores run by Dun and Bradstreet, and also having looked at the approach used by S&P.  It doesn't directly convert to bitcoin because it is still very new, and some people like to still use psuedo-anonymity.  However, there are some metrics that I would use (and borrow) to assess a credit rating.  From something I have lurking on my computer, business scores can be done on a 12 point basis:


Fairly obviously A, B, D and probably F would not apply, but others would such as:

 - Time in bitcoin or time in business.
 - Identity (ie, a real one, probably including location).
 - Paid up capital (equity)
 - Surplus real assets (is someone debt funding their business or do they actually have real money)
 - Use of funds/business (is it transparent and verifiable, or hidden)

As an example, BS&T would score poorly on the use of funds/transparency/identity, but has not (yet) defaulted on any payments and has been around for quite a while.
Similarly, a new lender/bank or GLBSE asset would be scored down on the basis of newness, but might counter that by other factors.

Presumably there is an interest in this kind of service/function.  What would it be worth?  Would security issuers want to advertise such a score?
(and from the point of self interest, what would a sensibly charge be? and from a conflict of interest point of view, I wouldn't rate Starfish BCB)

The past week has seen some interesting developments including BTC price increases relative to the USD, falls in prices for bonds on GLBSE and recent large off-market sales.  We have also seen some new equipment become available and the wait for BFL MRs continues, while we (JWU, HashKing and myself) keep our mining operation humming along.

We think that there is appetite for us to offer additional bonds for those after exposure and the benefits of mining without the hassle or cost of running and maintaining equipment, but also do not want to disadvantage existing bond holders.  Therefore, before making further moves we would appreciate some feedback as to volume and price and even timing if we were to issue additional bonds.

Addresses for users and payment/loans would (should) be set up in advance.  I run a dedicated receiving address for every customer so I know where incoming coins are from and so I can track them.

Anyway - sub'd for interest.

stuff up to the interesting point

Lol - par values went out with the dinosaurs and is not relevant (and it wasn't 1 anyway, and for most instruments would not have been 1).

Perhaps the recent 2.4M difficulty is in people's minds (15Th network speed) and with block reward changing, that is equiv of 4.8 or 1/3rd of current yield.  Yes, the perpetual bond pays, but what value is assigned to it will be interesting, especially if other assets promise higher returns.  It is an uncertain future and there was also the interesting post earlier that did mention the buyback clause, but that might just mean people trade at an inflated value to protect their investment.

added the minimum in notes

Sub for interest.

Anything linked to facebook and I'm out (as would a lot of other people).  I hate it as much as Apple (happily and irrationally) and now seeing iJunk is making farcebook part of the OS, I have even more reason to avoid over-priced POS.

As an observation, you might have a look through the lending/market-place sub-forums to see how much business is actually being done.  There are a few, but not heaps.  Also, funnelling funds through your website makes another point of failure and/or attack.  I would need to trust you pretty thoroughly before putting any appreciable volume of business through your site.

And for ignoring at the bottom of the post:
Anything linked to facebook and I'm out (as would a lot of other people).  I hate it as much as Apple (happily and irrationally) and now seeing iJunk is making farcebook part of the OS, I have even more reason to avoid over-priced iPOS.