Bitcoin Forum
March 28, 2024, 11:27:19 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 [9] 10 11 12 13 14 15 »
161  Economy / Securities / Re: [GLBSE] MOVETO.FUND - MoveTo Growth Fund on: June 26, 2012, 08:19:22 PM
I might invest in this. Is there a mailing list or private forum for shareholders ?

No, there is no private mailing list. I post updates to this thread, but I will also send financials to shareholders each month using the "motion" feature on the GLBSE. (And of course I'll post a heads-up here when that happens.)

Thanks. Thats an interesting use of the motions feature on glbse Smiley

It does the job for now Smiley
162  Economy / Securities / Re: [GLBSE] MOVETO.FUND - MoveTo Growth Fund on: June 25, 2012, 11:40:08 PM
I might invest in this. Is there a mailing list or private forum for shareholders ?

No, there is no private mailing list. I post updates to this thread, but I will also send financials to shareholders each month using the "motion" feature on the GLBSE. (And of course I'll post a heads-up here when that happens.)
163  Economy / Securities / Re: (TyGrr) TYGRR.BOND-B 2% weekly dividends (2%-May 29th) (2% June 5th) on: June 25, 2012, 08:56:51 PM
viewing
164  Economy / Securities / Re: [GLBSE] BitDayTrade A fixed interest bond of 3% per week! on: June 22, 2012, 09:26:41 PM
I might have missed it but when is the IPO?
In the google doc: 24th of June 20:00

Thanks for that, I really can't read.

https://www.glbse.com/ipos

I don't see it...
165  Economy / Long-term offers / Re: NCKRAZZE's Deposits - Low Risk Deposits with Guaranteed Payback Weekly @ 2.5% /w on: June 22, 2012, 09:25:49 PM
watching my investment  Grin
166  Economy / Long-term offers / Re: VESCUDERO'S Guaranteed Deposits at 2% Weekly on: June 22, 2012, 09:22:43 PM
watching
167  Economy / Securities / Re: IMPACT on: June 20, 2012, 05:53:28 AM
Cool. I don't have any other smart device other than a computer, so I installed JAuth and set it up so that *everything* requires authentication now. Whew! Glad I found this thread. I feel a lot safer now.

One newbie question left though - how do I backup the "secret sauce" that JAuth requires to do the authentication? I don't want to be locked out of my account if my hard drive crashes.

Ah nevermind, I see that I just need to re-do it, and this time make a backup of the GoogleAuth code ( and GPG that backup as well of course using my master key Smiley )
168  Economy / Securities / Re: IMPACT on: June 20, 2012, 05:42:10 AM
Cool. I don't have any other smart device other than a computer, so I installed JAuth and set it up so that *everything* requires authentication now. Whew! Glad I found this thread. I feel a lot safer now.

One newbie question left though - how do I backup the "secret sauce" that JAuth requires to do the authentication? I don't want to be locked out of my account if my hard drive crashes.
169  Economy / Securities / Re: IMPACT on: June 20, 2012, 04:52:07 AM
Expensive spam....

Until issuer accounts get hacked. Usernames should not be public. Should be an alias.

I agree. The GLBSE would be a gold-mine for a hacker. They'd have to liquidate shares quickly though and withdraw BTC, so a hack event would probably appear as a market crash.

That already happened with TheSeven's account which had a good number of Cognitive shares. It was traded down to something like 0.0000002. I can't believe the hacker didn't even have the heart to save him a few shares... but then again, if you're stealing in the first place...

How did the hacker get in to the account?

He hasn't shared or found out yet :/

Hmm... methinks I should set up Two Factor Auth ASAP...
170  Economy / Securities / Re: IMPACT on: June 20, 2012, 04:46:59 AM
Expensive spam....

Until issuer accounts get hacked. Usernames should not be public. Should be an alias.

I agree. The GLBSE would be a gold-mine for a hacker. They'd have to liquidate shares quickly though and withdraw BTC, so a hack event would probably appear as a market crash.

That already happened with TheSeven's account which had a good number of Cognitive shares. It was traded down to something like 0.0000002. I can't believe the hacker didn't even have the heart to save him a few shares... but then again, if you're stealing in the first place...

How did the hacker get in to the account?
171  Economy / Securities / Re: IMPACT on: June 20, 2012, 04:42:01 AM
Expensive spam....

Until issuer accounts get hacked. Usernames should not be public. Should be an alias.

I agree. The GLBSE would be a gold-mine for a hacker. They'd have to liquidate shares quickly though and withdraw BTC, so a hack event would probably appear as a market crash.
172  Economy / Securities / Re: What is "IMPACT" and why did I get 100 shares? on: June 20, 2012, 04:34:55 AM
I sent mine back.

Um... back where?
173  Economy / Long-term offers / Re: Who Pays What? on: June 19, 2012, 10:08:43 PM
watching
174  Economy / Securities / Re: [GLBSE] BDK.BND (1%/week) on: June 19, 2012, 09:32:01 PM
6054 BDK.BND units were just bought back privately, leaving 10313 bonds in the wild.


Cheers,

Ben

The contract listed on GLBSE (https://glbse.com/asset/view/BDK.BND) would seem to prohibit private and/or partial buybacks:

Quote
... Bonds cannot be sold back to the bond-holder except in case of a buyback. ...

"Buyback" -- The bond-issuer may buy back all bonds at a price of .101BTC/share at any time he wills, without warning. In this case, the bond-issuer will use GLBSE's forced buyback feature to pay .101BTC/share.

For the record, I was the one that sold these bonds back to Kluge @ .1 each. He had shares of COGNITIVE that I really wanted so I did a swap.

The BDK.BND contract was most likely intended to mean that bond-holders should not expect or demand a buyback without a change of contract. However, there is some truth in what you say since there is some ambiguity simply due to wording ( it is very difficult to properly word an investment contract ).

However - and this is the bigger point - clearly my selling these back to Kluge in no way harms other holders of BDK debt; if anything, it helps them because having Kluge get a better deal makes it that much more likely that he will be able to honor the rest of his outstanding debt. If there's no victim, then no harm is done. Kluge is an honest guy and he wouldn't go against his word to harm his investors.
175  Economy / Securities / What is "IMPACT" and why did I get 100 shares? on: June 19, 2012, 07:53:14 PM
Just got them today for free, some transferred them into my account. So I transferred the free shares into my fund.

What is this? I'm assuming someone gave them out as a marketing ploy.
176  Economy / Securities / Re: [GLBSE] MOVETO.FUND - MoveTo Growth Fund on: June 18, 2012, 02:53:19 AM
I would like to remove the 20% per asset allocation limit, and make allocation a judgement call on a case-by-case basis. Additionally, I would like to have the ability to invest outside of the GLBSE (for example, at other exchanges or opportunities). The reason is simple: at present, due to the very small number of high quality assets, these two restrictions are unnecessarily tying us up and reducing efficiency by forcing us to invest in assets that are less efficient. I was not expecting this because my past experience has been trading the S&P500 where this is not a problem because there are plenty of shares to choose from, but on the much smaller GLBSE it is. I personally am very unhappy with this situation considering that I now own 3.5K+ shares and would like to be more efficient with these shares.

Since this would be a minor change of the contract, however, I will of course buy-back any shares from those who disagree with the modification immediately upon their request at the full NAV per share. The updated contract is much more mature and should be something we can go with for some time to come. I also added in a clarification about how fees work, because the previous contract was ambiguous.

I will absolutely not make it a habit of changing terms (this is likely a very rare event), but you must realize this is just the first month of operation and therefore I am learning a lot about how to properly structure GLBSE contracts. It is in everyone's best interest to do this now, in my opinion.

As always, your feedback is welcome.

Here is the updated contract:
(0) Each IPO share represents a 1 BTC investment in the fund.
(1) The fund trades and invests primarily in securities on the GLBSE, but may also invest in opportunities outside of the GLBSE. The fund will not be involved in any pirate-related investments.
(2) 80% of earnings are reinvested for fund growth, and 20% are paid out as fees to the fund operator. Fees are paid once a month on the first of the month.
TO CLARIFY:
The 20% fee only applies to the differential between the last high water mark and the new high water mark. This means that I only make money when my investors make money. For example: if we have a losing month, that means I have to make that money back and then some before I can get paid. (This is also known as a performance fee.) There is no management fee.
(3) The fund operator will buy-back shares on the first of every month upon request to ensure liquidity for exiting MOVETO.FUND. Each share is valued at the NAV per share minus 1% to cover redemption expenses.
(4) New shares may be issued at any time at the NAV per share to ensure liquidity for entering MOVETO.FUND
(5) This contract may be amended in the future provided (1) the operator alerts all investors and offers to buy back shares at the full NAV per share and (2) the operator gives at least 2 weeks prior notice. The buy-back offer must be open for one full month after any modification.

Many thanks,
-cyto
177  Economy / Securities / Re: [GLBSE] MOVETO.FUND - MoveTo Growth Fund on: June 16, 2012, 07:42:45 PM
Just what I've been looking for. I'm in for the long haul. looks promising.

Smiley
178  Economy / Securities / Re: [GLBSE] MOVETO.FUND - MoveTo Growth Fund on: June 15, 2012, 09:10:41 PM
Good analisys. Seems accurate to what's happening, and most important, what will happen. BUT (here goes the ubber question):

- Are you earning money to us, your shareholders?  Grin

I will be updating the NAV per share at the end of the month as well as posting the buy-back price (this is the normal routine that I'm sticking to). In the short-term we're about flat because we had to pay up to get higher-yielding assets, but only by sacrificing about a couple weeks of future gains. So I expect these investments to pay off within the next month. Keep in mind that I have purchased the vast majority of the shares (over 3.5K right now), so my interests are your interests.
179  Economy / Securities / Re: [GLBSE] MOVETO.FUND - MoveTo Growth Fund on: June 15, 2012, 08:28:57 PM
GLBSE Commentary:
The assets on the GLBSE are badly mispriced. The data I'm looking at is kind of bizarre with how mis-priced the market is. Prices for certain bonds are going to have to rise (and therefore yields per btc invested fall), that much I am certain of, which is why I'm focused on those so that we may experience capital gains. But it's possible that even the lower yielding bonds could be worth a lot in the future even at these prices if yields fall sufficiently in the broader market. There is a huge gap, so something is going to have to give. So there is a reason to allow the purchase of *small amounts* of lower-yielding assets: capacity, since other assets are very hard to come by.

One of the few non-mining securities with a decent upside potential I see is the IBB, but it is extremely overbought at present so I just cannot buy it at these inflated prices. I am very bullish on Bitcoin in general and the potential for the overall Bitcoin economy.
180  Bitcoin / Project Development / Re: Islamic Bank of Bitcoin{}بنك بتكوين الاسلامي on: June 15, 2012, 05:30:15 AM
watching
Pages: « 1 2 3 4 5 6 7 8 [9] 10 11 12 13 14 15 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!