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Author Topic: Islamic Bank of Bitcoin{}بنك بتكوين الاسلامي  (Read 102332 times)
myrkul
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August 09, 2012, 11:36:45 PM
 #361

Is it like having my wallet on a peice of paper?
If i ever manage to buy some bitcoin i have them sent to the address on the cheque?
And there is no trace of the transaction on my computer?

You could use it as a paper wallet, I suppose. The idea is that it's a paper wallet you can hand to someone like a cheque.

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silvertree
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August 10, 2012, 12:33:01 AM
 #362

Is it like having my wallet on a peice of paper?
If i ever manage to buy some bitcoin i have them sent to the address on the cheque?
And there is no trace of the transaction on my computer?

You could use it as a paper wallet, I suppose. The idea is that it's a paper wallet you can hand to someone like a cheque.

Now i think i am getting it..How would i cash the cheque or move the coins to an online wallet to spend them?

Thanks for your time BTW..I am really not technicly minded as is obvious..lol

http://silver-synergy.blogspot.ie/2013/01/999-silver-moneytree-investment-art.html

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myrkul
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August 10, 2012, 12:53:43 AM
 #363

Is it like having my wallet on a peice of paper?
If i ever manage to buy some bitcoin i have them sent to the address on the cheque?
And there is no trace of the transaction on my computer?

You could use it as a paper wallet, I suppose. The idea is that it's a paper wallet you can hand to someone like a cheque.

Now i think i am getting it..How would i cash the cheque or move the coins to an online wallet to spend them?

Thanks for your time BTW..I am really not technicly minded as is obvious..lol

MTGox, and possibly others, have "redeem private key" options, where you input the private key, and it uses that to grab the coins.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
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silvertree
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August 10, 2012, 01:28:42 AM
 #364

Is it like having my wallet on a peice of paper?
If i ever manage to buy some bitcoin i have them sent to the address on the cheque?
And there is no trace of the transaction on my computer?

You could use it as a paper wallet, I suppose. The idea is that it's a paper wallet you can hand to someone like a cheque.

Now i think i am getting it..How would i cash the cheque or move the coins to an online wallet to spend them?

Thanks for your time BTW..I am really not technicly minded as is obvious..lol

MTGox, and possibly others, have "redeem private key" options, where you input the private key, and it uses that to grab the coins.

Sounds easy.
One more stupid question.lol

If i was meeting some one to buy bitcoins with cash and they were to load the cheque, if so how would i know the coins were succsesfully loaded or would it be purley be down to trust and best not used for this kind of transaction?




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silvertree
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August 10, 2012, 01:39:01 AM
 #365

go to internet cafe or use your cellphone to check the bitcoin address (via http://www.blockchain.info or http://blockexplorer.com ) to see if anything in there

that someone will probably send btc via cellphone, so he/she would show you the above website to check and confirm the btc

Thanks..I really do like the idea and the sharia banking very much..I certainly want to give bitcoin a go when i manage to get some i would like some cheques..How can i buy some?

http://silver-synergy.blogspot.ie/2013/01/999-silver-moneytree-investment-art.html

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myrkul
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August 10, 2012, 01:47:00 AM
 #366

If i was meeting some one to buy bitcoins with cash and they were to load the cheque, if so how would i know the coins were succsesfully loaded or would it be purley be down to trust and best not used for this kind of transaction?

Well, you can verify the funds are in the cheque by checking the address. The blockchain is public, and you can look at the address on the cheque at any time.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
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silvertree
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August 13, 2012, 12:08:57 PM
 #367

If i was meeting some one to buy bitcoins with cash and they were to load the cheque, if so how would i know the coins were succsesfully loaded or would it be purley be down to trust and best not used for this kind of transaction?

Well, you can verify the funds are in the cheque by checking the address. The blockchain is public, and you can look at the address on the cheque at any time.

Thanks for all this i am starting to get my head round the simple things..I did read the manual but it didnt make much sense Embarrassed
You have really helped..thanks again for your time.

If i ever get some bitcoin i would love to support your project, wishing you the best of success.

http://silver-synergy.blogspot.ie/2013/01/999-silver-moneytree-investment-art.html

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myrkul
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August 29, 2012, 01:30:37 AM
 #368

IBB bitcoin address  Cheesy thanks to my good friend 'teflone'

1BBtgAnAQdo1fK5DuU21QW8VMr5MdVAjaj

Haha... Nice.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
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September 01, 2012, 08:22:07 PM
 #369


{Dividends} Statement Release 1/09/12

IBB shares 0.55 BTC 1/09/12.
2.00 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.002 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com
myrkul
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September 01, 2012, 08:33:39 PM
 #370


That's new. Pretty slick looking, but a lot of "coming soon".

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
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myrkul
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September 01, 2012, 09:24:11 PM
 #371

its been like this for a while

i think its time to release new shares and appoint a new CEO to move IBB forward

Or maybe just a CTO.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
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bitcoinbear
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September 05, 2012, 05:10:50 PM
 #372

its been like this for a while

i think its time to release new shares and appoint a new CEO to move IBB forward

feedback from shareholders welcome

At what price would the new shares be released?

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September 05, 2012, 05:21:10 PM
 #373

Shariah compliant, that's a +

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memvola
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September 05, 2012, 10:23:19 PM
 #374

1,000 shares @  ~ 0.30 btc ,enough to develop a proper website + server costs + invest in some mining shares to get dividends

Why not 500 @ 0.6, which is close to the current price? 0.3 is below what I paid for the shares I own.
bitcoinbear
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September 05, 2012, 10:24:43 PM
 #375

1,000 shares @  ~ 0.30 btc ,enough to develop a proper website + server costs + invest in some mining shares to get dividends

Why not 500 @ 0.6, which is close to the current price? 0.3 is below what I paid for the shares I own.


Why not 10000 at .6? Think big!

I agree that something like the average price of the past month or something would be a fairer price.

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TradeFortress
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September 24, 2012, 06:21:44 AM
 #376

500 shares issued at 0.60 , pm me if you want to buy directly from me at that price
dividends are way too low :3
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September 28, 2012, 06:18:18 PM
 #377

So you lost 43.5 bitcoins due to default in August. Why are you paying out dividends? 

IBB is only making an average profit of 2 BTC per month - if you have zero defaults and you cannot count on that.




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myrkul
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September 28, 2012, 06:34:48 PM
 #378

So you lost 43.5 bitcoins due to default in August. Why are you paying out dividends? 

IBB is only making an average profit of 2 BTC per month - if you have zero defaults and you cannot count on that.

Read the report again. That's an annual total.

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September 30, 2012, 06:17:25 PM
 #379


{Dividends} Statement Release 30/09/12

IBB shares 0.5398999 BTC 30/09/12.
2.99999952 BTC in total will be paid out in dividends to 1008 shareholders, each share will receive 0.00297619 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com
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October 02, 2012, 05:23:54 AM
 #380

The report is very unclear.  Does this mean that the net income for the entire year is 3.84 BTC?    The accounting in general is very hard to follow.

Are these total dividends the dividends paid out to IBB shareholders for the entire year?

Total Dividends paid = 46.11886 BTC
 Default = -43.50 BTC
 Average Net Income = 3.84 BTC



What is the D column in the report?  What does the 5.04 BTC value represent?

Don't day trade.
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