We been going on about it for 2 days or so , how bring the "real coin" (LTC, BTC etc) to the OT market and this solution is a good start.
As we talked about it in IRC, I am willing to pick up a small scale LTC and/or BTC market maker role and also issue some "Petal's".
Forget "shares" and "bonds" and what not. I do not want anyone to get confused and think they own actual "shares" in any real and legally registered (incorporated) entity.

"Petal" is a nice shape this word can not be confused existing financial instruments like stock etc.

Can you move this to Securities sub forum?

I also heard from Garr in irc that he spoke to Nefario and that the funds would start being returned today.  It is 8 PM in London right now.  I am not sure what later today means then.

So I'm crying for an Argentina (thanks Eva!) that goes way beyond my few coins.

Ok, so GLBSE is now gone... This has a fairly major impact on BTCSYN.

- GLBSE is now gone. Permanently.
- We have no way currently to track our shareholders, pay dividends, or anything else for that matter.
- Nefario is proposing to provide a list of shareholders. But only if those shareholders "claim" their info
- In order to make a "claim" you need to provide nefario with full AML Documents. Full real identity, real name, address, government photo identification, passports and so on.
- The suspicion from GLBSE shareholders (Who disagree with Nefario) is that this info is being gathered as part of a large SEC investigation in order to prosecute the individuals they gather info on.
- Right now a lot of rumor/speculation, but the reality is we are in complete limbo right now, until people decide to go through the "claim" process or not.
- If nobody claims, then BTCSYN is essentially forcefully dissolved. We have no way to verify shareholders. We are 100% at the mercy of nefario.
- Even IF everyone claims. Managing it will be a nightmare. And I don't have the time to deal with it. I barely have the time to keep our miners maintained right now.
- We would need the ability to very quickly move to another trading platform (That isn't absurd). And all this hinges on people making claims (and exposing themselves to possible prosecution/legal action)

Please see this thread: https://bitcointalk.org/index.php?topic=115669.0 for more details.

Not sure what we're going to do at this point. Just posting this to make sure everyone is aware of what's going on.

so did any of the PPT investors get their money back?

I'll hold my breath, just like I did for Pirate.

Which Saturday?

I was able to arrange special consideration during the liquidation, so I believe that this was the best route to fulfill my duty to the shareholders.

Upon due consideration, it is my undesired position to now announce the closure of MPOE.ETF.

I have liquidated the assets and will begin the process of winding down the issue on GLBSE.

This entails a buyback of shares at 1.26383450 BTC each. I will place a bid to fulfill this end as soon as I have moved funds into the account on GLBSE. Once the order is placed, I will request that all shares be consumed in a forced buyback in order to expedite the process.

I will post a final financial statement no later than the 15th of October.

Out of curiosity, with the Satoshi client how do you force a payment to be sent from one specific address instead of from a random one in your wallet?

Perdón, ¿qué vienen a ser los "sitios externos"?

Esto le ocurre a miles de personas todos los días. Normalmente no pasa a mayores. Dicho esto, me parece bien que lo des a conocer.

Did you suffer from brain damage?

This user is currently ignored.

But this eliminates BTC from the investment business (crowd financing) and the other currencies don't have a valuation to facilitate serious investments. BTC would be perfect for crowd financing if not the deflation.

Your example tries to hold prices stable while it imagines a change in the value of the currency. You can't do that. Whether or not the bakery is an efficient use of real capital is a currency-neutral question.

This is most clear when you say that with "deflation, you also have to cover the gains of money from deflation to get the loan." This is not true. That gain is given to you when you borrowed the money, you just need to give it back. When you borrow $50,000 of a deflating currency, you are also borrowing its deflation value which you may then spend or invest, so your return will be higher. When you borrow $50,000 of a non-deflating currency, you do not have that value to spend or invest, so your return will be less.

Whether the currency is inflationary or deflationary, you borrowed some amount of value. You can then obtain some rate of return on that value. If that rate of return is sufficient to cover the interest on the value you borrowed, you win and the loan works. If not, you lose. This is inflation/deflation neutral. With a deflationary currency, all other things being equal, you will borrow a bit less money because you will also be borrowing its deflation value, and you will consequently pay a bit less interest because all the money you pay as interest is a bit more valuable because it's expected to deflate.

All other things being equal, would you rather have an inflating currency or a deflating currency? Answer: A deflating one because you can hoard it and you can also sell to others the highly-desirable right to hoard it themselves. So you would be willing to accept a bit less of it in exchange for things. This means the borrower obtains currency that is more useful and pays back with currency that is more desirable. (Which perfectly cancels out the factors pushing in the other direction.)

The logic of loans is currency neutral. The borrower needs to consume a certain amount of value in a way that creates a surplus from deferring production until after consumption. He pays back that same amount of value plus some of the surplus which is split between the borrower and the lender.

I have a business and I would like to borrow money to pay for a registration fee of the product. I can not borrow bitcoins because it is too expensive :-( deflation means that there is no lending of money, no new investments (no research) ... only consumption of old goods. Why is inflation wrong ? Inflation causes goods to have a more reliable value than money. People start producing and keeping goods instead of money, which as we know is only virtual (!).
I live in en ex-communist country and according to communism people don't need to be wealthy, people need work :-) 
Introducing constantly lowering inflation to bitcoins [by not reducing the mining revenues per block] would make the currency much more liquid. Instead investing in a ponzi scheme (keeping bitcoins) we could invest with bitcoins in hightech startups.

LOANS
If you are in need of a loan please pm me and we can discuss terms.  After we agree I will post terms and cofirmations in this thread.  I will also list my good borrowers and bad borrowers in this thread that way if anyone needs to check payment history with a previous borrower they can.   If you want your information kept confidential please let me know.

ESCROW SERVICE
If anyone is interested and needs to do an escrow for any type of transaction I will do this for no charge.

DEPOSIT ACCOUNTS
Lastly if anyone is interested in depositing any BTC with me to earn interest I will pay a 1.00% weekly interest rate(No commitment required).  The funds for the deposits will be used for lending out to other borrowers, investing in more mining equipment, bitcoin projects and other investments offered on the forum.  If someone is in need to make a withdrawl of bitcoins there is a 24 hour waiting period.  Most withdrawls will be returned sooner as long as I'm not sleeping.  All my depositers funds are 100% guaranteed and will not lose any funds due to any defaults unless stated otherwise.  Depositor may decided to either receive weekly interest payments or rollover their interest.  Deposits could be returned at anytime.

Current Rates:

1.00% Weekly -- Guaranteed Fully Insured no lock in
 
1.25% Weekly -- Guaranteed Fully Insured 8 week lock in

3.30% Weekly -- Direct BTCST Pass Through 50% Insurance 1 week lock in (CLOSED)
Thread: https://bitcointalk.org/index.php?topic=97041.msg1068849#msg1068849
 
4.91% Weekly -- Direct BTCST Pass Through 0% Insurance 1 week lock in  New rate will be effective 8/20/12.  Existing accounts will be switched over to the new rate on 8/19/12.
Thread: https://bitcointalk.org/index.php?topic=82574.0.   (CLOSED AS OF 8/19/12.)  


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