Namworld (OP)
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August 16, 2012, 07:42:44 AM Last edit: December 06, 2012, 12:18:49 AM by Namworld |
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KRAKEN SPREADSHEET REPORTJump to default information postHello, Since PatrickHarnet will not issue on GLBSE and will only accept 100 BTC slices, I created a pass-through for his Kraken Fund ( https://bitcointalk.org/index.php?topic=100913.0). Watch out for the new issue with ticker KRAKEN on GLBSE. Price of shares: 0.01BTC each Current weekly dividend: 0.000225 BTC (2.25%) Buy back: Possible if Kraken Fund cease operation. Rate is variable, 2.25% assumes the weekly target 2.5% is met. This pass-through offers no guarantees. You will have to trust PatrickHarnet for returns.
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Bitcoin Oz
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August 17, 2012, 02:35:34 AM |
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Did you ask Patrick if this was ok ?
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Namworld (OP)
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August 17, 2012, 02:43:11 AM |
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Yes, I asked him. He was thinking about it apparently but didn't want to issue on GLBSE. I proposed to make a pass-through and he was okay with that.
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PatrickHarnett
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August 17, 2012, 03:26:13 AM |
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Did you ask Patrick if this was ok ?
Yes he did. It wasn't within my current plan, and about 30 minutes before he contacted me I had I wondered how long it might be before someone did a pass through. Thus I found it quite funny when his pm popped up. I wish him well.
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Bitcoin Oz
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August 17, 2012, 06:07:46 AM |
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Did you ask Patrick if this was ok ?
Yes he did. It wasn't within my current plan, and about 30 minutes before he contacted me I had I wondered how long it might be before someone did a pass through. Thus I found it quite funny when his pm popped up. I wish him well. Thanks Patrick.
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Namworld (OP)
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August 20, 2012, 05:01:07 AM |
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Now live on GLBSE.
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Bitcoin Oz
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September 01, 2012, 03:19:15 AM |
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How long after Patrick pays interest do you wait to pay dividends on this security ?
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PatrickHarnett
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September 01, 2012, 03:38:43 AM |
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Said in a Patrick Star voice "yeah, how long?" (disclosure, purchased 1000 of these for fun )
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Namworld (OP)
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September 01, 2012, 04:17:05 AM Last edit: September 16, 2012, 02:14:01 AM by Namworld |
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Paid. Paid per 100 BTC block: 0.5319BTC To pay per KRAKEN share: (0.5319BTC / 10000) * 0.90 = 0.000047871 BTC Rounded up: 0.00004788 BTC per share 41618 shares paid at 0.00004788 BTC per share = 1.99266984 BTC Edit:Who bought 1000 shares one second before I submitted my dividends Had to recalculate now. Should make 0.00004788 BTC per share total.
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katie.mckinley
Full Member
Offline
Activity: 131
Merit: 100
old user name chris3spice
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September 08, 2012, 08:30:40 PM |
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What about payments for what Patrick paid out today :p
If I had enough Bitcoin I'd be in the waitlist for Kraken #2 but alas I am not rich in Bit...
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LoweryCBS
Sr. Member
Offline
Activity: 364
Merit: 250
firstbits 1LoCBS
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September 08, 2012, 08:56:22 PM |
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Said in a Patrick Star voice "yeah, how long?" (disclosure, purchased 1000 of these for fun ) Wait... so as part of your Kraken fund investment strategy, you purchased Kraken pass-throughs? (KPTs) Makes sense, because if Kraken is a good investment, KPTs are a smart buy, so if KPTs are profitable Kraken is a... (just kidding, I know you bought them for a chuckle)
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Bitcoin Oz
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September 08, 2012, 08:58:33 PM |
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Said in a Patrick Star voice "yeah, how long?" (disclosure, purchased 1000 of these for fun ) Wait... so as part of your Kraken fund investment strategy, you purchased Kraken pass-throughs? (KPTs) Makes sense, because if Kraken is a good investment, KPTs are a smart buy, so if KPTs are profitable Kraken is a... (just kidding, I know you bought them for a chuckle)Its a meta joke
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PatrickHarnett
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September 08, 2012, 09:53:47 PM |
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Wait... so as part of your Kraken fund investment strategy, you purchased Kraken pass-throughs? (KPTs)
Makes sense, because if Kraken is a good investment, KPTs are a smart buy, so if KPTs are profitable Kraken is a...
I personally purchased a few, rather than the fund. Otherwise that would be a bit weird.
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Namworld (OP)
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September 09, 2012, 01:32:21 AM Last edit: September 16, 2012, 02:13:19 AM by Namworld |
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Paid.
Paid per 100 BTC block: 0.5 BTC To pay per KRAKEN share: (0.5 BTC / 10000) * 0.90 = 0.000045 BTC
43792 shares paid at 0.000045 BTC per share = 1.97064 BTC
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Namworld (OP)
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September 16, 2012, 02:12:47 AM |
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Paid.
Paid per 100 BTC block: 0.5 BTC To pay per KRAKEN share: (0.5 BTC / 10000) * 0.90 = 0.000045 BTC
40792 shares paid at 0.000045 BTC per share = 1.83564 BTC
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Namworld (OP)
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September 24, 2012, 09:22:58 AM |
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Paid.
Paid per 100 BTC block: 0.48262 BTC To pay per KRAKEN share: (0.48262 BTC / 10000) * 0.90 = 0.000044358 BTC Rounded up = 0.00004436 BTC
40792 shares paid at 0.00004436 BTC per share = 1.80953312 BTC
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Namworld (OP)
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September 30, 2012, 02:34:19 AM |
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Paid.
Paid per 100 BTC block: 0.46876 BTC To pay per KRAKEN share: (0.46876 BTC / 10000) * 0.90 = 0.0000421884 BTC Rounded up = 0.00004219 BTC
40792 shares paid at 0.00004219 BTC per share = 1.72101448 BTC
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Namworld (OP)
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November 11, 2012, 09:14:37 AM Last edit: November 11, 2012, 09:33:39 AM by Namworld |
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Patrick defaulted @50% on capital, breaking a few terms of his offer: This sits in "Securities" rather than my usual lending section thread because it is a little more aggressive in approach and not as reliable. Based on some work I have been doing I believe there is space for this particular fund and because it is a little different labelling it Kraken seems appropriate. Basic parameters: - Fund commences 19 August 2012.
- Investments may be made in multiples of 100BTC.
- Withdrawals may be made in multiples of 100BTC.
- Contributed capital is backed by my personal funds.
- Returns will be paid weekly (currently planning on Fridays) - no compounding or automatic reinvestment.
- Target and maximum return 2.5% per week. (for the ponzi people, that would be 361% annually, but it's only 130% because it is non compounding.)
- Minimum weekly return 0% - any losses will be funded personally.
You will need to request a unique deposit address and supply a unique return address. I will have a sensible limit on the number of investors because I don't want to spend my whole life doing weekly payments. Returns obtained over and above 2.5% are taken as my fee - that's how I can afford to support the minimum return and "insure" the capital. If I have coins sitting idle, they don't lose money, but impact on the average return. Obviously the question is "What am I doing with the coins?" If I was to provide a simple answer like buying 50 BFL singles and going mining, or putting 10,000 coins into XYZ asset on GLBSE then there wouldn't be much science in that and it would ruin the market that I am looking at. Also, I do expect people to assume funds might simply be going into BS&T and accuse me of feeding an illegal activity. Due to the vitriol that goes with that, this will not be an open thread because there will be no point debating that. So what am I going to use funds for? Some will be going into my "vulture" capital business interests, some into some long-term BTC investments I have held in real-life ventures (such as an equipment manufacturer), some in BTC assets, a small amount of futures trading, some into various risk/reward adjusted investments that are available in the bitcoin world. Edit: Currently 25 registered users. 18 currently paid. Edit 19Aug: The largest commitment made was 1000 coins, and that was before the closure of one of the largest (and smartest) BTC operations. In fairness, I consider a 1,000 maximum per account is appropriate making the absolute maximum size of Kraken Fund 25,000. Kraken Fund#2 wait list (several): HonsetBob, Rolo TonyBrown Town, BinaryMage, aghori, EskimoBob, Onichan, LoweryCBS, coinft, Mousepotato, Goelmer, CecilNiosaki, bruiser, Gigavps, "pm page 122", Electricbees, Macboy80, Brunic, Coin.Karma, Litecoin, Simonk83, DeadTerra, mb300sd, ScottJ, REF, nave, Soros Shorts, ShadowAlexey, Cobra 265.8065 BTC currently held on wallet. Forfeiting the pass-through's 10% cut on interest. See KRAKEN SPREADSHEETClaimed holding (note it adds up to 81%):
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GeoRW
Sr. Member
Offline
Activity: 350
Merit: 257
Trust No One
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November 11, 2012, 12:14:12 PM |
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so Kraken was really just an investment into Pirate Debt, LOL What a fail
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LoweryCBS
Sr. Member
Offline
Activity: 364
Merit: 250
firstbits 1LoCBS
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November 11, 2012, 09:14:25 PM |
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Patrick defaulted @50% on capital, breaking a few terms of his offer:
Would you post the message he sent announcing this please - thank you.
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