I would like to add I agree with all of these. Not sure I like the idea of GLBSE, least of all because it makes it more difficult to compound interest.

Sent PM regarding pulling data from mtgox.
One thing I've just realised though is google docs only pulls the data once (using ImportData), so updating is a bit annoying, and it's also not guaranteed to be the same when two people open the document (not sure if it pulls the data through google servers or directly and caches it, but if it's the latter then this will certainly happen) so it makes comparison and discussion more ambiguous if you use the value to calculate anything. (Unless you have a static $/btc cell and then the dynamically updated one next to it, and do that for all the stuff you calculate with it, but that seems both redundant and a hassle).

On the note of your spreadsheets, I really like they way they're set up; they're not overly embellished and they're not too compact either - which would make pulling/processing data more annoying (both cognitively and computationally). As it stands, their purpose is clean and simple information storage, and they do that quite well; any sort of 'user front end' type thing is a different matter, and more complicated (not to mention fiddly).

As it stands, maybe an aggregate spreadsheet wouldn't be a bad idea (one that pulls data from all 3, say like one sheet for the assets, one for the investor list and one for the most recent logbook week), but all that does, really, is move the tabs from the top of my browser to the bottom of a spreadsheet, so I wouldn't worry too much about it.

I'd like to add my thanks to the list

Also, if anyone's interested, I've made a little spreadsheet that pulls your current balance, the total in the fund, it includes the latest logbook and has links to the various documents. (as well as a few other things, pretty self explanatory)
You can find it here: https://docs.google.com/spreadsheet/ccc?key=0ApM0OoY0a2OAdEpXempDRnRiVzhpU2JWcEFWaE1yQlE#gid=0

You'll need to make a copy (File > Make a Copy) then you can set your investor number (your row in the table of investors) and everything should update automatically.
(As an aside, this is distributed as copyright free, public domain style)

3372% after 52 weeks, so yeah, much more than 2000%.

He does and he doesn't; my understanding is everyone is open to reinvest their profits, which is not as closed as forcing them to payout their profits (which is far more sustainable, since the amount of principle doesn't change).

There's no denying that they're making a fair return on all that, and I suppose if they're not reinvesting that profit into pirate then the rate of growth of capital in BS&T might drag things out a little longer. And the reinvestment level available through PPT bonds is fairly limited, which will keep things a little more under control as well.

That is accurate. Still, if you were to put coins into it now, only if pirate defaulted in 5 months’ time would you have little/no losses:



The principle with pirate would quadruple in that period of time.



Not logical? I think it's pretty logical; well, at least that the interest rate will be forced to decrease. 7% a week is >2000% a year, and given that you can't manufacture bitcoins, the sheer fraction of all bitcoins that would need to be passing through pirate cast a dubious light on how long this can continue. (That's ignoring that starting with 100,00 btc today - which seems reasonable - in 17 months there will be more btc owed than in existence, presuming reinvestment of interest.)
It is necessary for pirate to default or force payouts at some point, simply so he's not sitting on most of the bitcoin economy, and since the chance of that increases with time, it is logical to assign the probability of default a higher chance as time goes by.

If Pirate defaults then all the PPT.X, PPT.DIV, FOO.PPPPT, etc will become worthless. If Pirate only half-defaults and gives some coins back then some of them will not be worthless, but their value will drop to a proportionate amount.

If a default happens then everyone loses their money; hopefully nobody is unethically holding other people's funds in a BS&T account to get some easy interest - if that's happening then the shit will hit the fan for those involved. If half the GLBSE bonds crash, GLBSE itself won't be negatively affected, but there will be a lot of people with a lot of worthless things associated with their account because they can't sell them.

GLBSE won't have 'a bank run'. It doesn't work like that. People might try and sell all their *PPT* stuff, but if nobody wants to buy it then they're just stuck with it. There's no real need to withdraw everything from GLBSE in that case. However, if people do try and withdraw everything, then there shouldn't be any issue at all if Nefario has been holding users' funds ethically. GLBSE is not a lending institution.

What money are you referring to? Any coins in GLBSE won't shouldn't be affected by a default.

I think a lot of people are thinking this; I recently sold anything I had to do with PPT. People are aware that it's unsustainable.

To clarify, this week will end on the 10th? Will the following week end on the 16th (as previously expected) or the 17th?

I'm wondering mainly because it might cause some issues with interest calculation on the spreadsheet I use

And thanks for the update on logbook entries.

I'd like to be whitelisted.

I've been semi-involved in the Bitcoin community since December 2010.

The first transaction that I made was with address <redacted> on the <redacted>. To verify this address I will send <redacted> BTC to it after I post this, then to the bitcoin faucet at 15ArtCgi3wmpQAAfYx4riaFmo4prJA4VsK.

From July-September 2011 I ran a Namecoin mining pool (http://dot-bit.org/forum/viewtopic.php?f=6&t=325), which transitioned over to merged mining. It was one of the first pools (from the Namecoin side) to mine a block using merged mining. (Block #148857). My payment script had an error and the automatic payout script kept paying out until the wallet was empty (6 times over), and due to this I closed the pool (it was a little too much of a time investment). My account here was registered around that time, but I never officially announced the pool due to not feeling it was ready for a higher load and a lack of confidence that everything worked well enough (which unfortunatly proved right).
If you'd like I can verify the above is my account (via PM on dot-bit.org, unless you have any alternate suggestions)

I wish to be whitelisted because I have a significant (to me, at least) number of coins in the Gamma Bitcoin Fund and wish to post in the thread.

- XertroV