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1  Other / Archival / ▷ ASICMINER Fixed Price Auction: 2.85 BTC per share (25 shares) on: June 19, 2013, 08:58:07 AM
Hacked account, my apologies to all. I do not have and am not selling any AM shares.
2  Other / Archival / [ANN] Cloudcoin is a Scam, do not use on: June 10, 2013, 03:25:06 AM
Cleaning up a compromised account, please ignore anything I said previously in this thread. Thanks you.
3  Economy / Securities / Generic pass through contract structure on: January 24, 2013, 07:38:19 AM
Looking for input from the community in general about the general structure and issues around setting up assets for different pass throughs available. Given the number of exchanges available I think these may become more common in the future.

The general contract should address any issues likely to come up and anything that might create a problem if the unlikely were to happen, including but not limited to:
  • What happens with funds from sold shares
  • What happens with proceeds from the pass through
  • The cut (or lack thereof) taken by the issuer
  • Suggested: Any other sources of profit derived from the asset (such as referrals)
  • Specific steps if issuer wants to shut down the pass through
  • What happens if the end point of the pass through shuts down cleanly
  • What happens if the end point of the pass through shuts down uncleanly (partial refund, disorganized information)
  • What happens if the end point of the pass through runs off with everything (gone tomorrow)
  • What happens if the exchange the asset is listed on shuts down cleanly/uncleanly
  • Conditions specific to the exchange, such as additional trade fee available on some exchanges
  • How motions on the underlying investment are handled. (Credit: odolvlobo)
  • Protection of the asset from outside issues of the issuer including bankruptcy (Credit: HorseRider)

Can anyone else think of anything that should be addressed in addition to the above? or clarified? Or just other things to be mindful of?

Can anyone offer input on what about a pass through would make it more or less likely to be listed?
4  Bitcoin / Bitcoin Discussion / TEDx Talk on what makes a revolution on: June 28, 2012, 08:08:00 AM
The talk presents Noah Feldman's view on what it takes to make a revolution. Given the number of people who want to revolutionize money with bitcoin, this talk however is based much more on political revolution. Hope someone at least enjoys it.

http://tedxtalks.ted.com/video/TEDxUChicago-2012-Noah-Feldman;Featured-Talks
5  Economy / Securities / [GLBSE Interest] Smaller PPT bonds on: June 23, 2012, 08:07:32 AM
Would anyone be interested in a Pirate pass through in the 10, 50, or 100 mBTC range? (0.01, 0.05, 0.1 BTC respectively)

I'm stealing the idea from an earlier proposal that planned to offer very small mining bonds, but what currently makes the most sense to me is offering a 0.05 BTC based share so that even someone owning a single PPT share at 1 BTC can buy a whole share of something with the proceeds; this also keeps the price fairly low without adding a crazy number of shares.

The other issue is that investing with pirate directly isn't easy, and as I have neither a referral, huge sums to deposit myself, or huge reputation to stake into getting any of the above (and there is already a solid report of pirate sending money back on new accounts). Investing through another PPT security may be the easiest way to go about things. Currently FOO.PPPT offers the highest rate but weekly buy in only gets as cheap as 1.05 for the full 7%, and TYGRR.BOND-P has weekly buy in at 1.02 to get 6.8% (these even out at about three and a half months time).

tl;dr - Would you be interested in buying a 0.05 (or 0.01 or 0.1) BTC share of a larger PPT on GLBSE?
6  Economy / Securities / Interest in Pyramining Pass through on: June 16, 2012, 03:44:45 AM
I'm wondering if anyone would be interested in a Pyramining pass through share. After playing with a very small amount on pyramining I think it would be an interesting place to throw more funds into, but without the free change myself to really pay off (payout is over 8-9 months in 1 BTC increments) , I'd want to attempt to gather more interest to give more frequent payouts.

My current plans :
-Establish fund and become verified (Skipping social networks unless there is good reason not to)
-Offer 1000 shares at 1 BTC each
-Start off a small account with no sponsors (<=1 BTC)
  *Allows top account to start with the 10% signing bonus
  *Keeps the fund from paying 30% of generation to sponsors up the chain (This would not affect total payout at all).
-Put everything into Pyramining in 10 100 BTC chunks
  *This gives 9 accounts referrals starting out (theoretically boosting bonus to 20%)
  *Reduces frequency of payouts in favor of higher eventual returns
  *Allows multiple sell orders and investment to start as soon as
-Publish information allowing verification of deposits
-All payouts would be paid out as dividends
-Once the bonus has been reached and everything is paid out all shares will be bought back without payment and the security will either end there or restart again.
-I will provide and update referral links so that anyone who wants to increase the accounts bonus can increase the payout of the fund.

-Expected return is about 1190 (or 19%) over the life of the security. The security will depreciate in value as it pays out until it is worthless (after paying out via dividends).
-This security would allow people to join or exit as they wish, avoiding the lock-in normally associated with Pyramining.
Fee:
-I'm thinking 1 BTC per week for the first 10 weeks, this pays the security setup fee and 2 BTC to me.
-Possibly a bonus based on additional referrals.

Cons:
-When block reward halves payment term will be extended. Full payout may take 11-12 months including this.
-Assumes no default on the part of Pyramining, while I don't expect this I would not be providing any insurance.
-I'm a fairly new member to the forums so my current trust is low (Everything would however be simple to verify).

Needing input:
-Any ideas on increasing Pyramining bonus?
-Does anyone think the fee should be adjusted?
-How often would you like to see dividends payed out, keeping in mind that a specific payout per time isn't very easy to establish.
-Would it be better to have 10 accounts that pay out to the fund directly, or 1 that pays out directly and 9 that feed into the previous account in the chain (so that each deposit counts multiple times, but greatly extends payout time)?
-Should I forward funds to myself (in case of unlikely chance of GLBSE losing their wallet and do things more manually), or keep everything inside GLBSE?
-Please ask any other questions you might have.

EDIT 6/15: Modified title to indicate interest only.
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