Just for curiosity's sake, You also need an extensive, positive business-related reputation on this forum or OTC. I don't care about your eBay rating. Why would one place greater emphasis on OTC than on eBay? Someone can have eBay history back to '98, I'm not sure about this other thing.. 2011? I suppose eBay would be more prone to have stolen accts, but if you can verify the person's identity? I would trade with someone with 1000's of feedbacks on eBay with account since 1998, rather than someone with 50 on bitcoin-otc, the second would be much more likely to be building up reputation for a massive take Difficult to verify the owner of the eBay account is the person I'm talking to, and more prone to hacking attempts than OTC. If someone with an extensive eBay history would post an item from the account, then it would be considered acceptable "Proof of Reputation." Ebay's feedback ratings were not very robust until 2007. Before that it was easy to build positive feedback without having any substance to back it up. Still now one could have thousands of penny auctions and still get quality feedback.
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Dividend chart for the week of 07/14/2012 to 07/20/2012 has been updated.
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Hi Phin
It's "Wendon Group" with a "d".
You can continue this if it entertains you, but it will all be a matter of public record upon court action against the Consultancy. The investment fund has nothing to hide. Nor do I.
Then release all that information now.
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I have been using UserXXX for some time, and it seems that they are always selling Bitcoins at above-market prices. For example:
The Mt. Gox price is about $5.12 now, and they are buying at A$5.07 (= $5.22 USD).
I almost emptied my Bitcoinica balance dealing with them. I still have about $20,000 remaining in Citibank Singapore (from previous wire deposits), I think it will be great if I can send the money to Bitcoinica's bank account, or whatever to reduce our Mt. Gox USD risk.
The scalability is actually not bad. I can sell between $2000 to $4000 worth of Bitcoins as frequently as twice a week.
I want to deposit $20,000 on Bitcoinica, LOL...
Best Regards, Zhou Tong
Is Zhou saying he used insider and company information of their users to personally profit from them?
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Is there going to be another contest?
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I think anyone that was expecting to get their money back after the hack and this terrible processing of refunds was a bit naive, litigation should have been started at day 1. Of course they should pay back, but someone bought Bitcoinica for its brand. With the right investment the buyers of Bitcoinica could have opened a new bitcoin exchange, but they would have to compete with Bitcoinica. Now after 2 months of a delay in processing refunds with no real oversight on how or to who they pay back first (I wonder if those associated with Bitconica got their money out), the Bitcoinica brand is dead. If the Bitcoinica owners actually solved this mess, would anyone actually use a service called Bitcoinica? Of course not.
Now that the investor's money is dead and they have to start from scratch they have one solution: delay. The longer they delay the less likely people request their money back. First say the clients will get 50% back and see if they come back for more. For the rest take a very long time in refunds and make recovery efforts cumbersome. By delaying the investor's loss is not so bad.
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I'm morbidly curious about who will be the next person to jump ship from Bitcoinica and/or the Consultancy. I sure as shit wouldn't want to be left as the last man standing in the general partnership.
Hehe, good question. I'm not following all the threads about this clusterfuck, but didn't Donald just leave or something? According to Amir, Patrick has "walked away". No-one has clarified what that means, though. Has he resigned as one of the general partners? Refused to take any further part in the claims process? Leaving Intersango? It seems as though Amir has often been kept out of the loop so he may not even have that information. For shit and giggles, here are the two threads announcing the changeover in Bitcoinica management. One of them only got two replies and the other got ten. https://bitcointalk.org/index.php?topic=77975.msg867445#msg867445https://bitcointalk.org/index.php?topic=77958.msg867160#msg867160I am really suspicious of this. A week after it is announced that Bitcoinica is legally registered to do what it does (whatever that means), it goes under new direct management. Unless Zhou needs to focus more on his studies or there is some kind of plan to seriously compete against MtGox, this would suggest Bitcoinica is not as profitable as claimed. Of course losing 45,000 bitcoins would hurt anyone.
I am glad I followed my gut. I can see a train wreck coming. I have been on a few myself.
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Where did that 168.01 % come from? 2 GREEN 2 1 0.3601 0.3601 0.3601 0.605 168.01 % I am not sure which table that was from. I have updated this weeks dividend table. I rewrote a lot of this to keep calls to GLBSE to a minimum. The only think that calls GLBSE now is a web scraper to look for new security listings and to see the current dividend paid. All that stuff is saved into my database and most of this table is extracted from the tables. This table only shows securities that had at least 1 trade and 1 dividend during the last week.
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Leaving anything off the list will definitely not help liquidity for the asset in question...
I am not interested in helping the liquidity of assets. They can do their own marketing. I am more interested in finding the highest liquid assets that gives the highest return.
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What is considered in GLBSE going down? How much time does it need to be shut down? 1 day, 1 week, 1 month, or longer?
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Okay here are the maths...
7326 total shares sold minus 700 for bitcoinica = 6626 left for us to pay out.
6626 / 7326 = .9044499
I have placed a bid on GLBSE for 300 shares at that price. I will place more tomorrow (going to bed soon).
Keep in mind if bitcoincia pays us tomorrow there is no way I can send you back the extra .05 BTC. This donation will be put towards my losses if you want to do it this way.
Thank you.
43.6585 BTC was received.
Thanks.
Because Zhou sent us some coin I am going to move up the bid price on GLBSE to .91 As soon as we get more funds from Bitcoinica / Intersango I will pass them along. Also I talked to Donald about out account being "accurate" yet not being paid out. It seems Patrick held the coin and refused to send them out. He vetoed the other guys work. This was about 4 days before the last hack. However now that Patrick has quit and Intersango is going to get sued who knows what will happen. I will be setting up that 1% bond on GLBSE this week. Thanks all. Glad you got some funds back. IMO, the problem is that there are too many opinions in Bitcoinica. It is one reason I don't like to work with groups of people and prefer to create things alone. New ideas are implemented at a crawl and one person thinks the other person is in charge of things. A better solution of whoever was in charge of Bitcoinica would have been to not give a percentage of ownership, but do a percentage of profits. That way there is a clear person in charge yet talented workers have incentive to grow the company.
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Stochastic - will you continue to update?
I plan to, but I have a bot that will check the dividends paid. Since the recent slowdown of GLBSE the bot has not been working properly. I will have to see what is wrong before I can update again.
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Wonderful thread, Very informative. But the analysis is not 100% accurate. For example BTCMC pays dividends monthly but you've calculated BTCMC as if it pays weekly dividends. You have the same issue with multiple other shares/bonds, especially the ones paying dividends monthly or daily. Would you please fix such issue in the next update? You have to go through each single share/bond and analyze it individually as there is no generic rule can be applied on the collected data.
Those securities that don't pay dividends within that weekly period won't be reported in the chart. Investors will have to do their own due diligence in determining what timeframe dividends will be paid out.
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How do I submit my ID to GLBSE for verification? I sent an email to support@glbse.com and a PM to the GLBSE account at the forum, no response. On their site I read that they verify ID on Friday and I should submit prior to that day to avoid delays. How can I, if they don't respond to my requests?! I would like to send it encrypted, and am waiting for their instructions. But nothing. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) My asset goes IPO on Saturday, and I would like to get ready, so could I get some response by you (GLBSE) please? Look at nefario's portfolio page. It has his email address and public key there.
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I'm new to creating my own assets on GLBSE, so here are some naive questions:
1) Is there a tutorial on creating assets with GLBSE 2.0?
I don't think there is. 2) So I created my asset, paid my fee and have a new account for my asset. What's next?
I don't see any shares on my account page, will they miraculously appear at IPO date, or do I need to add them manually (although I had to specify them at asset creation time)? How and when do I specify the price per share?
Now you wait until after the IPO and you can sell your shares. The number of shares you initially put in for IPO will appear in your portfolio page on that asset account after the IPO time is over. Then to sell you sell them like any other asset you own. You go to that asset page and put in the quantity you want to sell and for how much. 3) Verification: Will I be contacted or is it expected that I just email my ID to somewhere (where exactly)?
You need to contact GLBSE. I would suggest you encrypt your personal information when sending it to them. Thank you! [/quote]
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Only after one of them said that my comment about the insurance being an illusion was "stupid and ill informed". Sorry - I need to defend my reputation ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) You did an immaculate job defending your reputation and character.
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Am I the only one left that stops listening to an argument once foul language is used?
Do you think that I care? All I'm giving you is the truth; whether you like it, believe it, or not - it's not my problem, not at all. And BTW, I'm waiting for the first person to say: thanks for opening my eyes. Some of you will eventually finally get it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) My mom would tell me that talk does not cook rice, and I would add that talking like you are gutter trash will make even less people listen to you and see you as a troll. If you want respect and people to thank you for opening their eyes, the start an asset that shorts PPT.DIV shares. Sorry - I only take advises from people who seem smarter than me. So maybe you could ask your mom about this and forward me her message...? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Still a lot of talk, but at least your mouth is not as dirty.
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Am I the only one left that stops listening to an argument once foul language is used?
Do you think that I care? All I'm giving you is the truth; whether you like it, believe it, or not - it's not my problem, not at all. And BTW, I'm waiting for the first person to say: thanks for opening my eyes. Some of you will eventually finally get it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) My mom would tell me that talk does not cook rice, and I would add that talking like you are gutter trash will make even less people listen to you and see you as a troll. If you want respect and people to thank you for opening their eyes, the start an asset that shorts PPT.DIV shares.
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Do I feel like reading your hysterical bullshit? No.
...then just fuck off... Am I the only one left that stops listening to an argument once foul language is used?
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