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481  Economy / Services / Re: Gigamining / Teramining on: May 07, 2012, 11:44:26 PM
Volume Discount for 1,000 Bonds purchase ?
Wink

I doubt he needs to give volume discounts; demand seems to be far outstripping supply.
482  Economy / Securities / Re: [GLBSE] Bitbond 82Gh/s - the only 105% PPS mining bond on: May 07, 2012, 04:31:38 AM
Bitbond is the largest asset on GLBSE and the largest mining bond.

I guess gigavps would say otherwise. Grin

Largest is a numerical claim. In terms of volume, amazingrando is correct; 12036 BTC vs 10856 BTC respectively at the time of this post, though this will likely change once gigavps releases the next round of his bonds.
483  Economy / Securities / Re: [GLBSE] TEEK Funds - An experiment in crowdsourced loans and p2p economics. on: May 07, 2012, 03:45:07 AM
TEEK.B is an interest bearing loan or bond. The funds generated from this loan will be used to finance high risk business ventures. This loan is not guaranteed and is provided on a best effort basis.

Can you elaborate on this? What's to stop you telling us the venture fell through and walking away with the money?

I think my reputation is pretty good and I want to keep it that way.  If I did that, I wouldn't be very welcome in the community or on GLBSE i'd imagine.  In any case, the funds will not be tied to any one venture, so some pretty serious shit would have to happen for this scenario to become active.  In most cases it would probably make more sense for me to take the hit without saying anything, or just call the loan and take the hit and wind up. 

Sorry, I didn't state that clearly. Rest assured I'm not by any means challenging your reputation.

It just seems to me that, because you are not revealing the nature of your investments, if you state that one or all crashed, the investors have no way to verify that whatever you invested in did actually collapse instead of you just fabricating a story. Chances are you wouldn't do that, and I'm not suggesting you would, but in general the concept of being able to walk away with the money without significantly damaging your reputation scares me.
484  Economy / Securities / Re: [GLBSE] TEEK Funds - An experiment in crowdsourced loans and p2p economics. on: May 07, 2012, 12:22:26 AM
TEEK.B is an interest bearing loan or bond. The funds generated from this loan will be used to finance high risk business ventures. This loan is not guaranteed and is provided on a best effort basis.

Can you elaborate on this? What's to stop you telling us the venture fell through and walking away with the money?
485  Economy / Long-term offers / Re: Bitcoin Savings and Trust on: May 07, 2012, 12:19:45 AM
patiently waiting to be invited to 'The Island'.....

Yup, Pirate's going to take his largest depositors and start a cult on his island.
We will be paid out in physical Bitcoins!



Looks like you have your first five santoshis.

That was terribly punny.  Cheesy
486  Other / Politics & Society / Re: This just in: House Passes Cybersecurity Measure CISPA [US] on: May 06, 2012, 06:51:29 AM
Correlation is not causality, yet correlation is present, are you a betting man? For your sake I hope not. Smiley
No, I am not a gambler. I suspect I would get kicked out of Vegas very quickly, and I've never had any inclination to test that theory.


You're going the long way around the block to put something there that does not need to be, it simply is what it is. Your claim "Scores have declined over the years because a fair portion of the public has realized that standardized tests are no measure of future success and has stopped treating them as such" if true, supports the notion that dumbing down is simply broadly based much more readily than that this "public" you say exists has any basis for the supposed belief. After 40 years of a headlong escape into superstition and parochialism by large portions of the U.S. populace one would expect that to be the case.

I'm not saying the "public" has any basis for the belief, I'm saying that they have that belief. Whether the belief is valid or not is effectively irrelevant, but if you wish to debate it, I won't disappoint you. In my humble opinion the majority, though not all, of standardized tests are not an effective measure of future success because they measure abilities not often required in the workplace (such as handwriting a 25-minute timed essay) and fail to measure the skills most integral to success in the workplace (e.g. collaboration and ingenuity).

[...] the notion that dumbing down is simply broadly based [...]

I'm afraid I'm not sure exactly what you are referring to here. Can you clarify?

BTW, what's the highest grade/level of education that you have successfully completed?

I do not understand how insulting my intelligence helps your argument, please enlighten me.


487  Economy / Services / Re: Gigamining / Teramining on: May 06, 2012, 04:04:08 AM
Are you pre-selling any, and if so, what volume is required?

He was, but now they're gone!  7000 shares sold already Smiley

Dang, seems I need to be faster on the trigger. Oh well, still 3k for public sale.
488  Economy / Securities / Re: I'm starting Diablo Mining Company, but how much should the initial IPO be for? on: May 06, 2012, 03:46:11 AM
That said, I'm not going to do business with someone that hasn't proven themselves to the rest of the community. Does anyone even have any of yohan's boards yet?
They are being made by the existing FPGA company Enterpoint: http://enterpoint.co.uk/contact-us/
They haven't delivered yet, but they have one of the fastest development turnarounds that I have ever seen from any manufacturer. They expect to ship soon, and then I suppose there will be some reviews.

Oh, he works for them? I wish people would indicate what company they work for, like in their sigs or something. Still, 4 Spartan 6s, ~800mhash for $640? That sounds very wrong.

From the OP in that thread:

The price guaranteed until the end of June 2012 is GBP £400 / USD 640 / 520 Euros (plus tax and shipping). We are selling at the cost to manufacture price until we do the work of benchmarking it and check it working with the Bitcoin interface software. After we complete the benchmarking/software work the price will increase by 50% to cover our costs in doing this work and general support.

Sounds like they're selling the "beta" version at cost for now.
489  Economy / Securities / Re: [GLBSE] Zeta Bitcoin Mining - Perpetual Mining Bond: IPO May 13th on: May 06, 2012, 03:16:13 AM
Subscribed. Any references you care to provide?
Thanks. Added an initial section to second post. Please feel free to ask for further information.
Thank you, those are quite helpful. I also eschew most social networking services, no hard feelings there.
490  Economy / Securities / Re: [GLBSE] YABMC :: 5Gh Perpetual Mining Bond on: May 05, 2012, 11:01:40 PM
BinaryMage,

A short-term zero coupon bond (often called a bill) does not have coupons (often referred to in BTC world as divedends).  It is issued at something less than face value and redeemed at par (face) value at maturity.

The PPT bonds are an example of a zero coupon bond.  Where there are no coupons paid and the bond is redeemed at a price greater than it is issued.

http://en.wikipedia.org/wiki/Zero-coupon_bond



Alright, thanks for clarifying. I'm not too experienced with financial security lingo. What price would you be planning on issuing at, and what would the bond be redeemable for?
491  Economy / Securities / Re: [GLBSE] YABMC :: 5Gh Perpetual Mining Bond on: May 05, 2012, 10:53:52 PM
Thanks for the comment BinaryMage!

I am looking more into a zero-coupon bond (bill) with a 6-9 month duration to fund the 2nd mini-rig.  Still running the numbers but think this could be Phase II.

 

As in a bond that would only pay for 6-9 months? Can you clarify?
492  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) on: May 05, 2012, 10:06:25 PM
This looks like its going to be an awesome expedition. Will you, or your company rather, be in possession of the most BTC?

You probably want to post on this thread instead. Wink
493  Economy / Securities / Re: [GLBSE] Zeta Bitcoin Mining - Perpetual Mining Bond: IPO May 13th on: May 05, 2012, 10:04:57 PM
Subscribed. Any references you care to provide?
494  Economy / Services / Re: Gigamining / Teramining on: May 05, 2012, 10:03:25 PM
Are you pre-selling any, and if so, what volume is required?
495  Bitcoin / Project Development / Re: GLBSE 2.0 open for testing on: May 04, 2012, 03:14:00 PM
Why is the volume in BTC and not number of shares?

It's a more accurate method of representing trade volume, e.g. comparing an asset at ~0.10 BTC versus one at 1 BTC, assuming 100BTC trading of each, the first would have ten times as many shares traded, but the same real trade volume.
496  Economy / Gambling / Re: New SUPER High-Income project!!! Get 40% on: May 04, 2012, 06:05:53 AM
What could you give us that would make us trust you? Let's see...

  • A detailed business plan
  • Full financial reports
  • Proof of identification
  • Lots of references
  • Collateral for a trusted member to hold and pay to investors if you default

That should do it!
497  Economy / Securities / Re: What do you want to see in a mining company on: May 04, 2012, 06:02:26 AM
I would look for something with constant or close to constant dividends, i.e. enough reinvested to increase mining capacity proportionate to difficulty increases.
498  Economy / Trading Discussion / Re: [ANN] GLBSE has a new look! on: May 04, 2012, 05:54:28 AM
For users on the American continent there is now https://us.glbse.com

If you're based in the US this will be about 3-5 times faster than glbse.com

Thank you. Quite an improvement, let me say.
499  Economy / Gambling / Re: [RAFFLE] Butterfly Labs Bitforce Single ~$600 - ~24 HOURS LEFT!! on: May 04, 2012, 12:56:33 AM
Thats kinda sketchy the guy said he bought 314 tickets and said now giga knows which block to choose. I am not saying anything wrong is going on at this point but I really did not like how he said it was gonna be private to a via PM. I trust and respect giga so hopefully this thing goes off without a hitch.

However I will be really skeptical if that person wins. What are other people's feelings? Also I don't know he is going to win because I already won. LOL!  Grin

Positive thinking plus my lucky smoke equals positive results. Not to mention my user name is Ilovebitcoins. I really figured that name would have been taken already.

reeses was just joking, don't take it too seriously. If he really was cheating in some way, he wouldn't have bought over 100 BTC worth of tickets. Wink
500  Bitcoin / Mining / Re: New Mining Company (PanCake Mining) on: May 03, 2012, 05:55:01 AM
no he was gone way before

He was on last night - https://bitcointalk.org/index.php?action=profile;u=55511. Wink
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