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262
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Other / Politics & Society / Re: Argentina, on the verge of a new currency collapse
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on: April 22, 2012, 06:20:02 PM
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Just wanted to notice that whether there are certainly a lot of problems with Argentina, I also think that we're facing a huge FUD campaign. Saddest thing is that this is the kind of campaign that could finish becoming true as a self-fulfilling prophecy. The powerful are fighting for power and the bills are always paid by the common, simple Argentines. I think the actual decisions the government is making carry a lot more weight and blame than whatever the press has to say. Credit and investment are drying up and very logically so. I wouldn't invest in Argentina either with that kind of government, would you if you weren't in Argentina? I'm actually everyday less concerned about what governments are doing. If we keep doing our work on implementing freedom finely, on the long term governments destiny could be the one that Borges prefigured here: “What happened to the governments?” I inquired.
“It is said that they gradually fell into disuse. Elections were called, wars were declared, and attempts were made at imposing censorship—but no one on the planet paid any attention. The press stopped publishing pieces by those it called its ‘contributors,’ and also publishing their obituaries. Politicians had to find honest work; some became comedians, some witch doctors—some excelled at those occupations. The reality was no doubt more complex than this summary.”
Or the original, for spanish speakers: -¿Qué sucedió con los gobiernos?
-Según la tradición fueron cayendo gradualmente en desuso. Llamaban a elecciones, declaraban guerras, imponían tarifas, confiscaban fortunas, ordenaban arrestos y pretendían imponer la censura y nadie en el planeta los acataba. La prensa dejó de publicar sus colaboraciones y sus efigies. Los políticos tuvieron que buscar oficios honestos; algunos fueron buenos cómicos o buenos curanderos. La realidad sin duda habrá sido más compleja que este resumen.
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265
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Economy / Securities / Re: [ANNOUNCE GLBSE] Pirate Pass Through Bonds
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on: April 19, 2012, 08:35:58 PM
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Have you thought about offering PPT shares publicly?
Could be interesting. You may rise more capital to cover a greatest portion of the bond, effectively sharing the risk and the reward of the entity...
I would go for 1 share of the main PPT if they were being offered. PPT.A or PPT.B don't interest me the slightest bit  Shares of PPT are not publicly available at this time. We do realize there is a storng market for these shares as we have gotten many emails, messages and and few posts like these asking about them. We have discussed this and I am sure that we will be discussing it again in the future. As I have said before, those of you that have bids on PPT stock can remove them. Or, at least don't insult us with such low bids. 1.00 and 1.01 BTC? Really? Look at the chart I don't have any buy order, so don't worry, I'm not insulting you... Anyway, if you do something like this, you can make the share worth whatever you like. Personally, I won't put 100 coins in this, but if you issue a lot of shares, take for yourself whatever percentage it takes to represent the capital you're already covering, and sell the rest, I may put 1 or 2, maybe 5... even 10 coins in it... with all the other people that may be interested, you can raise a significant capital... and covering better the bonds would mean highest bids, increased margin, lowest risks... |
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272
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Local / Mercado y Economía / [FINALIZADO] [REMATE] Compro 1000ARS en efectivo por BTC.
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on: April 16, 2012, 02:41:23 PM
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Mecanismo:
Los interesados pueden postear en este hilo sus ofertas de cuántas BTC en total piden por los 1000ARS. Cada oferente puede editar su oferta hasta luego del miércoles 2 de mayo de 2012, a las 12hs GMT-3 (hora CABA), cuando se seleccionará la mejor oferta vigente.
El remate puede declararse desierto, si ninguna oferta resulta satisfactoria. En caso de haber ofertas satisfactorias, la oferta ganadora será posteada como comentario, al final del hilo, tal como figuraba en el momento de la selección.
Los 1000ARS en efectivo deberán ser entregados antes del viernes 4 de mayo de 2012, inclusive, en el barrio de Almagro. Contra confirmación de entrega, se realizará la transferencia de la cantidad de bitcoins acordadas en la oferta.
Las ofertas se realizaran según el siguiente formato:
OFERTA: 1000ARS @XX.XXXXXXXXBTC
Reemplazando las X por el valor total de bitcoins solicitados en la oferta.
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275
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Other / Politics & Society / Re: Argentina, on the verge of a new currency collapse
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on: April 13, 2012, 04:04:01 PM
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Interesting thread - if it could get back on topic.
I'm curious. How exactly could bitcoin help here? How would one even get enough bitcoins into circulation (in Argentina) to make any difference?
Bitcoin can help here, as everywhere, by providing a more stable measure of value, and breaking dependencies on centralized institutions (Central Banks, IMF, WB). It doesn't really matters how many bitcoins would be in circulation at the beginning, the extremely divisible nature of bitcoin would make it adaptable. Anyway, they're some miners here, and they're people buying bitcoins, so the supply has already begun. Of course all investments are not OK...
Money should not guide you, but REAL resources and your philosophical goals.
I agree absolutely. |
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277
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Economy / Securities / Re: [GLBSE] BFLS - Bitcoin Mining & Sales
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on: April 12, 2012, 09:59:21 PM
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Let me see if I understand. So BFLS.FUTURES will work almost as a bond to raise capital, but without any interest payment. So, you get the credit to buy equipment for free, and the buyer of the share/bond/asset/whatever has to wait on a line for the hardware to arrive and become functional. And he'll begin to be compensated for the invested capital only if he's granted it's place on the line for exchanging this asset one on one for another supposedly more valuable...
It's that it? Am I missing something? What if the minirigs won't ever arrive? What if it take forever? We all will be stuck with an useless electronic asset without any compensation for the waiting?
Doesn't sound like a good deal to me... Maybe if you include some dividend payments as a form of interest and some guarantee to buy back or exchange the assets at least partially if something goes wrong it could work, but otherwise I'm not seeing it... Those who do see it are probably the ones who would rather have a partial stake in a unit or rather, risk a partial stake in a unit. You could pay BFL for a unit and you would be in the exact same boat, waiting for hardware to arrive and out the money if it doesn't. As such, why should Inaba take on extra risk to satiate you when he is essentially doing the same thing for you in a fractional manner? Inaba isn't taking any real risk if he's not backing the bonds nor paying interest. He's buying stuff for free, with the money of the shareholders. If everything goes well, he's making his living by reserving for himself 15% of the shares of each unit, which is the same as taking 15% of the purchasing value as well as 15% of the operational revenue. His operating costs will be covered by that 15%. Lets add that the share is slightly overpriced at current rates (should be 0.625 with BTC @4.8, 0.6 with BTC @5, I really can't understand those who are trading it for more than 1.4), and we have a great business, almost risk free... from the operator's pov... I understand the advantages of the fractional purchase for the buyer and that was what appealed me when the proposal appeared. But it only works if you have your capital immediately working after you buy the shares. If you have it in limbo for who knows how long, all the possible advantages are lost. You are just buying a piece of overpriced used hardware, and you doesn't even have a clue if this piece is ever arriving or working... It is basically an interest free loan given to the mining company for the agreement to exchange the bonds for shares in the company in the future. The only profit would be if there is some kind of difference between the price of the bond now and the future price of the BFLS shares when they are converted or the dividend payments when having the BFLS shares.
Maybe the market will have a spread between how much the bonds cost and how much the shares cost. It will be fun to watch, but for current shareholders it may be more economical to just get a 0% interest loan with a credit card to purchase more boards.
Yes, that's how I saw it. Too risky for the buyer. Great business for the operator. There's a big (and inexplicable) spread now, but I guess it won't last long. And if this mechanism really is implemented this way, it's guaranteed that the BFLS shares won't ever going to go too high, because the continuing issuing and selling of new shares at nominal price (the exchange of bonds for shares is effectively doing this) is going to dilute the value of the existing shares. |
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278
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Economy / Securities / Re: [GLBSE] BFLS - Bitcoin Mining & Sales
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on: April 12, 2012, 05:50:27 PM
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Let me see if I understand. So BFLS.FUTURES will work almost as a bond to raise capital, but without any interest payment. So, you get the credit to buy equipment for free, and the buyer of the share/bond/asset/whatever has to wait on a line for the hardware to arrive and become functional. And he'll begin to be compensated for the invested capital only if he's granted it's place on the line for exchanging this asset one on one for another supposedly more valuable...
It's that it? Am I missing something? What if the minirigs won't ever arrive? What if it take forever? We all will be stuck with an useless electronic asset without any compensation for the waiting?
Doesn't sound like a good deal to me... Maybe if you include some dividend payments as a form of interest and some guarantee to buy back or exchange the assets at least partially if something goes wrong it could work, but otherwise I'm not seeing it...
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279
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Bitcoin / Project Development / Re: GLBSE 2.0 open for testing
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on: April 12, 2012, 12:59:39 AM
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Don't you thing it could be nice to keep the testing site working? It could be useful to those planing to launch an asset, to become more acquainted with the functionality, before doing it for real. Maybe it would be too much overhead to you?
little bird told me test site would be back this weekend Nice. (What an indiscreet little bird)  |
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