[BitFunder] Ukyo.Loan - Paying 0.05% daily.

[OgNasty]

Date                          Shares       Price Per            Total
2013-07-29 16:07:28   200,000      ฿0.00000750       ฿1.50000000

Ukyo has overdelivered? 

Looks like he increased the total number of shares to 300,000 while leaving the issued shares at 200,000.  Seems this was a simple mistake of forgetting that only the issued shares receive dividends.   

[bobboooiie]

Date                          Shares       Price Per            Total
2013-07-29 16:07:28   200,000      ฿0.00000750       ฿1.50000000

Ukyo has overdelivered? 

Looks like he increased the total number of shares to 300,000 while leaving the issued shares at 200,000.  Seems this was a simple mistake of forgetting that only the issued shares receive dividends.   

That was there 4-5days ago when I check too, so more likely this was just overpayment due to late payment?

[felente]

Date                          Shares       Price Per            Total
2013-07-29 16:07:28   200,000      ฿0.00000750       ฿1.50000000

Ukyo has overdelivered? 

Looks like he increased the total number of shares to 300,000 while leaving the issued shares at 200,000.  Seems this was a simple mistake of forgetting that only the issued shares receive dividends.   

That was there 4-5days ago when I check too, so more likely this was just overpayment due to late payment?

not sure if due to late payment because nowhere stated when to pay during a day => no problem here.
but sure a mistake => overpaid exactly 1.5 times more... OgNasty already revealed the cause as it seems
such a disaster...

[nebulus]

Requested refund at face value for all my shares. Will do another post when Ukyo delivers.

[Ukyo]

It was not an accident.

I missed my normal reasonably payout window, and with Bitfunder doing so well lately I thought it would be a nice surprise.

Neb, I will get to your payout soon

-Ukyo

[themur]

Thank you for the bonus. Appreciated.

[OgNasty]

...with Bitfunder doing so well lately I thought it would be a nice surprise.

Thank you Ukyo.   

[bigbeninlondon]

Is that a second bonus??     Thanks Ukyo!

[Ukyo]

Is that a second bonus??    Thanks Ukyo!

"Thank you" to all the BitFunder users (At least those with shares. lol)

[Boelens]

This seems neat, I'll invest! So basically, I invest say, 0.1, and on that I get 0.05% interest a day, so 0.0005BTC a day, and 0.015 a month? (estimated). If so, that's pretty decent and I might invest more. However I am wondering, how are you getting interest out of this? Do you do low-risk loans to other people for interest? Also, how is this at a fixed rate of 0.01BTC a share? What if somebody decides to sel for say, 0.001BTC a share? Or, the opposite, all 0.01BTC share asks get sold out, and people start asking more?

[adameb]

This seems neat, I'll invest! So basically, I invest say, 0.1, and on that I get 0.05% interest a day, so 0.0005BTC a day, and 0.015 a month? (estimated). If so, that's pretty decent and I might invest more. However I am wondering, how are you getting interest out of this? Do you do low-risk loans to other people for interest? Also, how is this at a fixed rate of 0.01BTC a share? What if somebody decides to sel for say, 0.001BTC a share? Or, the opposite, all 0.01BTC share asks get sold out, and people start asking more?

You're missing a 0.  If you invested .1btc, your interest would be .00005btc/day, and .0015 per month.

[Boelens]

This seems neat, I'll invest! So basically, I invest say, 0.1, and on that I get 0.05% interest a day, so 0.0005BTC a day, and 0.015 a month? (estimated). If so, that's pretty decent and I might invest more. However I am wondering, how are you getting interest out of this? Do you do low-risk loans to other people for interest? Also, how is this at a fixed rate of 0.01BTC a share? What if somebody decides to sel for say, 0.001BTC a share? Or, the opposite, all 0.01BTC share asks get sold out, and people start asking more?

You're missing a 0.  If you invested .1btc, your interest would be .00005btc/day, and .0015 per month.

Yeah, sorry, I meant that. Failed with my calculator =P

[bigbeninlondon]

How is this at a fixed rate of 0.01BTC a share? What if somebody decides to sel for say, 0.001BTC a share? Or, the opposite, all 0.01BTC share asks get sold out, and people start asking more?

Can't answer to how he's generating revenue, but since Ukyo offers to buy back all shares at .01 BTC, anyone selling for less than that is giving away money to a lucky buyer.

If they get sold out, then they'll have a floor of .01 because they can be redeemed for .01, so they can only increase in value (unless Ukyo goes MIA, but then we have a lot of other worries besides this particular investment).

[hwmax]

It was not an accident.

I missed my normal reasonably payout window, and with Bitfunder doing so well lately I thought it would be a nice surprise.

Neb, I will get to your payout soon

-Ukyo

Any update on my redemption at face value that I requested on 30/07?

[Ukyo]

Any update on my redemption at face value that I requested on 30/07?

Hey hwmax,

If i missed your pm I apologize. I generally get 1~2 pages of pm's a day.

For the record, if you want to redeem, please sent me the number of shares so you can save time with me having to reply and ask.

-Ukyo

[hwmax]

Any update on my redemption at face value that I requested on 30/07?

Hey hwmax,

If i missed your pm I apologize. I generally get 1~2 pages of pm's a day.

For the record, if you want to redeem, please sent me the number of shares so you can save time with me having to reply and ask.

-Ukyo

I did create a ticket on the site as well but I've sent you a PM.

[hwmax]

Just an update to say I received the funds from the redemption of my shares promptly after PMing Ukyo.

[QuiveringGibbage]

Interest:
- Shares shall pay an interest of 0.050.10% daily.

Ukyo,
Is this a permanent change? If so, you should update your OP... Actually wait, let me pick up some more shares...

Cheers,
QG

[Ukyo]

Interest:
- Shares shall pay an interest of 0.050.10% daily.

Ukyo,
Is this a permanent change? If so, you should update your OP... Actually wait, let me pick up some more shares...

Cheers,
QG

Nope. No promises of higher amounts. BitFunder's done well last few days. Just giving a little back as thanks for support.

-Ukyo

[narayan]

Thank you Ukyo!