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myrkul
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August 10, 2012, 12:53:43 AM |
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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. |
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silvertree
Newbie
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Activity: 38
Merit: 0
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August 10, 2012, 01:28:42 AM |
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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
Newbie
Offline
Activity: 38
Merit: 0
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August 10, 2012, 01:39:01 AM |
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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? |
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myrkul
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August 10, 2012, 01:47:00 AM |
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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. |
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silvertree
Newbie
Offline
Activity: 38
Merit: 0
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August 13, 2012, 12:08:57 PM |
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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  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. |
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myrkul
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August 29, 2012, 01:30:37 AM |
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IBB bitcoin address  thanks to my good friend 'teflone' 1BBtgAnAQdo1fK5DuU21QW8VMr5MdVAjajHaha... Nice. |
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senbonzakura (OP)
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September 01, 2012, 08:22:07 PM |
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 {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
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myrkul
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September 01, 2012, 08:33:39 PM |
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That's new. Pretty slick looking, but a lot of "coming soon". |
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myrkul
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September 01, 2012, 09:24:11 PM |
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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. |
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bitcoinbear
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September 05, 2012, 05:10:50 PM |
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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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HDSolar
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September 05, 2012, 05:21:10 PM |
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Shariah compliant, that's a +
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memvola
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September 05, 2012, 10:23:19 PM |
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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. |
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bitcoinbear
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September 05, 2012, 10:24:43 PM |
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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 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
👻
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September 24, 2012, 06:21:44 AM |
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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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nrd525
Legendary
Offline
Activity: 1868
Merit: 1023
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September 28, 2012, 06:18:18 PM |
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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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Digital Gold for Gamblers and True Believers
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myrkul
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September 28, 2012, 06:34:48 PM |
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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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senbonzakura (OP)
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September 30, 2012, 06:17:25 PM
Last edit: December 18, 2012, 08:43:30 PM by senbonzakura |
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{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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nrd525
Legendary
Offline
Activity: 1868
Merit: 1023
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October 02, 2012, 05:23:54 AM |
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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?
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Digital Gold for Gamblers and True Believers
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myrkul
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October 02, 2012, 06:36:05 AM |
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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?
Total is the total for all 12 months. Average is the total for all 12 months, divided by 12 to get an average. It's plenty clear to me. |
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myrkul
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October 03, 2012, 09:13:00 AM |
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A B C D
------------------------------------------------------------
From/To Description Net change +/- Balance
------------------------------------------------------------
This should be familiar to anyone who has ever balanced a checkbook. And if you can't balance a checkbook, what are you doing investing in stocks? That's like trying to run before you can crawl. (I hear the objections now - "But I use a debit card!" - To which I say: It's the same format used by the bank statements. You DO read those, right?) |
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