I'm not quite sure what you bring to the table, given that there are securities that are insured and offer a better return.
May be you are right and people will have no interest on this bond. I would like to give some time for this project before I consider it dead. It is not even born yet. I will call it a success if few hundred bonds are sold. That would give me some room to develop my bussiness. So let me have a few month to see how things will work out. If I cant sell that much then I will have to figure out a better strategy to encourage lenders to invest in me. What sort of business would that be? Do you have any experience starting a business? This issue raises every single red flag I can think of: Unknown issuer, no rep, new to forum, no backing, no details about business, strangely high expected rate of return, strangely high asking amount. I would not be suprised to see you sell a couple bonds, there are people here who throw money at everything to see what sticks, but I would be suprised if you sell even 10 btc worth.
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How about instead of trying to get a loan on GLBSE you try to just ask for a loan in the lending section of the forum?
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That smell is just the smell of clean, as there are no perfumes.
I suppose the safety reasons are valid. For the record, this forumula has exactly 5 ingredients, all of which are active. In no particular order....
(real) lye soap
sodium-chloride
sodium-carbonite
sodium-tetraborate
sodium-triphosphate.
All four sodiums are white powders, while the soap looks like shredded American cheese.
I hope you mean sodium carbonate, not sodium carbonite which is an explosive! Are you still sending out samples? I would like to try a bit.
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The first thing that came to my mind is there would have to be a limit on the number of tags you could use, possibly based on something like forum rank (like newbies can only add one tag, normal people can add two). I am imagining the most obnoxious people checking every single tag so their drivel will pop up everywhere at once.
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The market had a buying and selling subforums long ago, but it was ditched to go to services/goods since people could never figure out which place to put stuff. If there is something you want, start a thread in goods or services or whatever category it goes under.
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If a block (then a transaction) can be confirmed every about ten minutes, if in these 10 min there're many transactions, how it works? They're put in queue? And if they're put in queue, the transactions will grow up always and it will be impossible to solve all if there's a time limited. Or not?
A large number of transactions can be put into a block. As miners try to solve blocks, they periodically check for new transactions. What this means is if you send out a transaction just before a block is found you will have to wait for the next block, but most transactions do not wait many blocks before getting included. You can see the queue of transactions waiting to be confirmed, I think, over at blockchain.info or somewhere.
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"Healthy widening of the user base"
For those who voted that: Is that your mother, aunts and other relatives buying bitcoin and leaving them on a blockchain.info wallet? How that is that working out for you?
How's the graph of declining nodes explain appreciation of Bitcoin we're seeing past couple months? It is becoming less and less imperative that you run a node to use bitcoin, since services are popping up which run bitocin for you.
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2% at 0.1 btc a share would be nice.
Greetz
Yes, as an investor that would be the most enticing option. For the person who wants the money, why not just use a credit card?
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Going around insulting people is not a good way to get them to invest in your fund.
Does forum policy allow posts like this in other peoples threads?
He admits he needs help. You guys give him tips, I show him how he can hire an agent to do it for him. CPA does have a lot of pirate risk. I then showed him how he could avoid this same risk by hiring an agent. If you are talking about my comments to Obsi earlier, I don't really think any of that was unwarranted. I was reffering to the way your comment reads like an advertisement for your investment fund, which might be off topic? I was only refering to this comment, your comments to Obsi earlier were just fine from my point of view.
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I'm not your investor, but I wonder what currency are the loans denominated in? If it's BTC, then those poor borrowers will suffer highly by the recent bitcoin price increase and will start to default massively. (365% yearly interest rate for a loan is itself enormous and I would expect high default rate). On the other hand if loans are denominated in USD then I wonder how you can keep the 1% daily interest rate while bitcoin price increases.
The loans are mostly denominated in USD. Other fiat currencies are sometimes handled, but I am not privy to the intricate details of how they handle exchange rates between them. I have stated previously that the rise in BTC price is a major factor affecting coupon rates, the only thing allowing us to hit 1% consistently is the weekly retarget when more bonds are converted at the higher prices. At some point this will stop being the case, either a small number of new bonds will be sold after a large price increase, or the BTC price will rocket up and make hitting the 1% target highly unlikely. Judging from the reaction to this week's short-term rate reduction, I just can't wait for that shitstorm to hit What happens if the BTC/USD rate drops, would that effect the payments at all?
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You don't know much about investing. You have more pirate risk than anyone I know of (except CPA). You should put your money in my ETF, and let me do the hard work for you. Current dividends are around 2% per week, in about 1 month, that will be 3% then with some luck up to 3.5%. All in stocks that are very low risk, have proven business models, and have good growth prospects.
Going around insulting people is not a good way to get them to invest in your fund. Does forum policy allow posts like this in other peoples threads?
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How about an option "It has been undervalued since last June, the price is finally going back to where it should be"?
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Eventually, the expansion of the new location will be complete. They will reach saturation level on new loans for that area & returns will level off as they build a 'warchest' using their own money from the profits to use as backing for their loans & debt buys. Once that happens there may be a quiet period of lower returns until a new location is opened.
It seems some of the whiners in this thread felt entitled to daily 1% returns for eternity. I'm telling you all right now: the 1% days are a peak. The title of this thread says 'up to 1%' for a reason. There are so many factors affecting payouts beyond new bond sales that it seems many of you haven't thought through. We might get stable periods of consistent 1% payouts, or we might not and get considerably lower returns.
If the payout buffer ever reaches dangerously low levels, you can bet your butt I will have no problem lowering coupon rates to where they need to be. I am not going out of pocket on this one. I already cut into my personal profits to smooth payouts as it is.
I am a bit confused about one point here: Clearly you have no intention of paying above 1%, and the recent dividend share history shows you hitting 1%. My question is: it seems you are earning >1% and only paying out 1%, where is the rest of the profit going? Are you taking it, or is the excess profit remaining in the fund to be reinvested as growth, or is it just providing a buffer account for future payouts when the investment makes <1%? And one other question: It seems there is a limit to the amount of money you can invest in this business (whatever it is), when you get to that limit do you plan to stop selling shares? Not trying to troll, just trying to help you develope a clearer picture of what your plans are.
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What you could do is sign up to be a seller on silk road (and sell innocuous items elsewhere on the internet). Issue a stock on GLBSE to raise capital, then do some trading in hemp. I bet there would be bunches of bitcoiners willing to invest in such a venture if you present it well. Silkroad seems like a place to make a good margin on an investment?
I really doubt nefario would be interested in having that on the exchange somehow I don't think it breaks any of the terms of service. As long as it is legal somewhere he probably lets it slide, and there are certainly countries that do not have as draconian drug laws as the US. Perhaps instead of calling the company HEMP, you could use somethig like HERB?
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Currently bitcoins can be split down to 8 decimals. This unit is unofficially know as a satoshi, thus 1 satoshi = 0.00000001 bitcoin. If nescesarry, in the future the code can be changed to include more decimals.
Note that bitcoin is no more official than satoshi, and could be defined as 10^8 satoshis. I would say bitcoin is a bit more official than satoshi, since it is the name of the project
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What you could do is sign up to be a seller on silk road (and sell innocuous items elsewhere on the internet). Issue a stock on GLBSE to raise capital, then do some trading in hemp. I bet there would be bunches of bitcoiners willing to invest in such a venture if you present it well. Silkroad seems like a place to make a good margin on an investment?
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The chances of coupon rates being reduced this much every week is very low with so many bonds out there. To cut the coupon rate in half requires a doubling of outstanding bonds. Large numbers doubling just a few times become very large numbers. So new bond purchases will affect the coupon rate less and less with each passing week.
As you say, the number of oustanding coupons, shares, whatever you want to call them, is increasing every time you sell more of them. Is there a limit to the number you will sell? As the total outstanding rises, will that affect the amount you are able to pay in dividends?
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Until all shares are sold there will be a .2% per day. Where is the .2% coming from, have you already started pulling in profits?
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Transactions are gathered into groups, then they are added as "blocks" to the "blockchain", the database which contains the record of all bitcoin transactions. Any fees associated with any transactions included in the block go to the "miner" who solves the mathematical problem which puts the block into the blockchain. These fees are what keep all the people running computers keeping the system going. Currently there is also a 50 btc reward to solve a block, but that will decrease over time. Essentially, once the transactions are put into a block they become permanent.
Currently bitcoins can be split down to 8 decimals. This unit is unofficially know as a satoshi, thus 1 satoshi = 0.00000001 bitcoin. If nescesarry, in the future the code can be changed to include more decimals.
To mine bitcoins, you have a computer running a program to solve the blocks, thus extending the bitcoin record. Currently there are so many people using such large hardware, and the difficulty adjusts accordingly as established by the program, that it is unprofitable to mine bitcoins unless you have speciallized high powered computing equipment.
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at that time the 7% per week interest rate made a lot of sense and was perfectly sustainable.
In a finite universe exponential growth is never perfectly sustainable. In a system with a hard limit of 21 million bitcoins exponential growth is especially unsustainable. You seem to be misunderstanding the velocity of money. Bitcoins can move multiple times, so a person can pay out more than the total number of bitcoins if they are also taking in bitcoins.
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