Cheaper In Bitcoins

[Xenland]

Okay so It may have been that I set the wrong expiration date but this time I am sure that I've set the correct one. Please let me know if you can now view the motion as I have posted it to GLBSE again.

Thanks everyone!

[Xenland]

GLBSE Update: stocks are selling at around 1.1 BTC. CheaperInBitcoins now has 25 BTC in reserve.

[indio007]

still can't see it.....

[Xenland]

Okay I sent the motion again, I can see it my self now which is a first, someone please confirm this?

Unfortunately since I don't know who my bond holders are I'm just going based off of hear say so I can not speak about GLBSE with anyone through PM's.
I suggest to the owner of GLBSE to have private messaging but I can see and realize GLBSE is trying to stay safe and are reluctant to release updates for security purposes so until they get a messaging system just hold out your private messages until then as I don't feel comfortable discussing through an unsafe channel(forums).

[indio007]

Yes it works. I regret to tell you I voted no on the basis of lack of redundancy aka single point of failure. It would be just as effective to place the data in an encrypted rar with a very long password with a recovery record and storing it on multiple Gmail accounts (again strong password ) using Gspace. What if there is a flood or fire at your house? There goes the HDD and the key in one fell swoop.

[Xenland]

Yes it works. I regret to tell you I voted no on the basis of lack of redundancy aka single point of failure. It would be just as effective to place the data in an encrypted rar with a very long password with a recovery record and storing it on multiple Gmail accounts (again strong password ) using Gspace. What if there is a flood or fire at your house? There goes the HDD and the key in one fell swoop.

I think its pretty close to say based on the conclusion so far of the motion has voted "no".

and although I don't think a flood is coming any time soon but fires and earthquakes are imminent; indio007 you are so right that would be just as good as storing it on multiple gmail accounts. Because its impossible to know weather or not you are a share holder at this moment(and unsafe) I'll shall cast another motion with this question stay tuned.

[indio007]

Want a screenshot?
I wouldn't fuck with you dude. I'm just saying there are more secure ways. Single point of failure (especially hardware) is the greatest threat. it's easy enough to make the data inaccessible to unauthorized parties considering it's a single file. The gmail /gspace was just a suggestion. There are other remote data storage options . Shit renaming it to CSPAN.House.Of.Representitives.Debate.wmv would be enough to keep people from accessing it No one wants to watch that.

[Xenland]

I guess I was going for a super-legit approach that dosen't meet my needs at this point.
I'm logged into my rack space hosting provider and they have a Rackspace Files hosting, I'm going with this option to hold daily mysql backups and "offline" wallet.

[Xenland]

Yes it looks like I'm going with the rackspace files hosting option considering the last tally of the vote/motion (motion id: 30):

Yea votes: 4

Nay votes: 5

[indio007]

Yes it looks like I'm going with the rackspace files hosting option considering the last tally of the vote/motion (motion id: 30):

Yea votes: 4

Nay votes: 5

My only worry with that (assuming they have data redundancy) is the company holding data hostage in the event the bill isn't paid. Maybe data loss insurance or a guarantee from the provider would prove useful. There are definitely insurance policies available that cover losses of data.

[Xenland]

Yes it looks like I'm going with the rackspace files hosting option considering the last tally of the vote/motion (motion id: 30):

Yea votes: 4

Nay votes: 5

My only worry with that (assuming they have data redundancy) is the company holding data hostage in the event the bill isn't paid. Maybe data loss insurance or a guarantee from the provider would prove useful. There are definitely insurance policies available that cover losses of data.

Rackspace is a great company I spoke with them over the phone when first signing up for the webhosting. That said I didn't check about their garuntee for their file hosting, I will call them and see what their policies are on data garuntees. I checked their file hosting costs and it's 15 cents per Giga-byte. So we should be alright on the bill pay. In the event that rackspace loses my files I have the offline wallet in a encrypted file on a hard drive in a safe place at my house along with the same copy on a USB stick in an undisclosed location. Rackspace is just a backup in the event something happens to my whole town such as huge natural disasters such as for instance I live near an inactive volcano, tiny earthquakes happen, and I live near a forest so my hardware could be prone to forest fires aswelll but I have full coverage as far as insurance goes so my hardware is insured but I doubt my data is.

[Bitcoin Swami]

How does the bond thing work now that they are sold out? What if I buy at a higher price?

[indio007]

Rackspace is a great company I spoke with them over the phone when first signing up for the webhosting. That said I didn't check about their garuntee for their file hosting, I will call them and see what their policies are on data garuntees. I checked their file hosting costs and it's 15 cents per Giga-byte. So we should be alright on the bill pay. In the event that rackspace loses my files I have the offline wallet in a encrypted file on a hard drive in a safe place at my house along with the same copy on a USB stick in an undisclosed location. Rackspace is just a backup in the event something happens to my whole town such as huge natural disasters such as for instance I live near an inactive volcano, tiny earthquakes happen, and I live near a forest so my hardware could be prone to forest fires aswelll but I have full coverage as far as insurance goes so my hardware is insured but I doubt my data is.

Definitely sounds good. I give you kudos for being security proactive. It's always good to learn from the mistakes of others.

[brendio]

How does the bond thing work now that they are sold out? What if I buy at a higher price?

If you pay a higher price for a bond, you get a lower yield to maturity. For example, if you buy the current ask at 1.1 BTC, you would get a yield to maturity of 1.2/1.1-1=9% instead of the original 20% offered in the IPO.

[Xenland]

How does the bond thing work now that they are sold out? What if I buy at a higher price?

Each bond is sold at 1BTC and each bond will be Purchased back at 120%. so it's recomended to not purchase at higher then 1.11 to make any money. When I pay off all investors you can buy back to make .12 BTC per bond.

[brendio]

How does the bond thing work now that they are sold out? What if I buy at a higher price?

Each bond is sold at 1BTC and each bond will be Purchased back at 120%. so it's recomended to not purchase at higher then 1.11 to make any money. When I pay off all investors you can buy back to make .12 BTC per bond.

You seem to be saying two diffrent things here. Are you buying back at 1.20, 120%, make 0.20 per bond, or at 1.12, 112%, make 0.12 per bond?

Same thing I pointed out here and never got an answer on. The GLBSE assets page still contain the error.

[indio007]

I'm expecting 20%. Which is 1.20 BTC. 1.12 BTC is only 12%.

[defxor]

Each bond is sold at 1BTC and each bond will be Purchased back at 120%. so it's recomended to not purchase at higher then 1.11 to make any money. When I pay off all investors you can buy back to make .12 BTC per bond.

You seem to be saying two diffrent things here. Are you buying back at 1.20, 120%, make 0.20 per bond, or at 1.12, 112%, make 0.12 per bond?

Yeah that has been brought up before. Unfortunately Xenland seems to consider 120% of 1 BTC to be 1.12, and has been consistent in doing the math that way

[Xenland]

How does the bond thing work now that they are sold out? What if I buy at a higher price?

Each bond is sold at 1BTC and each bond will be Purchased back at 120%. so it's recomended to not purchase at higher then 1.11 to make any money. When I pay off all investors you can buy back to make .12 BTC per bond.

You seem to be saying two diffrent things here. Are you buying back at 1.20, 120%, make 0.20 per bond, or at 1.12, 112%, make 0.12 per bond?

Oh yeah you are correct I have no idea why my dyslexia keeps acting up with the 120%. I have business plans written up with correct values for some reason every time I "check my math" I come up with that number, no clue why.

[Xenland]

How does the bond thing work now that they are sold out? What if I buy at a higher price?

Each bond is sold at 1BTC and each bond will be Purchased back at 120%. so it's recomended to not purchase at higher then 1.11 to make any money. When I pay off all investors you can buy back to make .12 BTC per bond.

You seem to be saying two diffrent things here. Are you buying back at 1.20, 120%, make 0.20 per bond, or at 1.12, 112%, make 0.12 per bond?

Oh yeah you are correct I have no idea why my dyslexia keeps acting up with the 120%. I have business plans written up with correct values for some reason every time I "check my math" I come up with that number, no clue why.

So it is 1.20 btc? Just want to be clear.

Yes it is for sure 1.20 BTC/per bond