imsaguy (OP)
General failure and former
VIP
Hero Member
 Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 18, 2012, 04:14:26 PM
Last edit: April 10, 2013, 04:59:55 AM by imsaguy |
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Having been repeatedly been screwed by shipping delays, services failing to deliver, an ever rising difficulty (and expected further jump once the the major manufacturers actually start shipping), and the market price for coins climbing at a seemingly astronomical rate as of late, I must start paying people in USD weighted coin. I've been paying back coins as quickly as possible and yet the USD value of coins is climbing much faster than I can generate/work off and buy coins each month. I've sold assets to help payback but I'm to the point where there's not much left to sell and that which is left, won't be very well valued when accounting for USD->BTC.
There are currently 7 creditors remaining. I will take their balances as of today and value them at a Gox 24hr Avg of $150/coin and continue to pay towards their amount due each month. I will pay people in the coin equivalent valued via the Gox 24hr avg each Sunday at 12:00p CST beginning next Sunday. While some debtors have opted to attempt to disappear or value the coins based upon when they were deposited (for me, its been about a 15x-30x value increase from deposit to today), I'll continue to pay to make everyone whole as best as I am able.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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farfiman
Legendary
Offline
Activity: 1449
Merit: 1001
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January 18, 2012, 04:44:26 PM |
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week 0 = 100 btc
week 2 = 101 btc
week 4 = 102.01
week 6 = 104.0502
week 8 = 106.1312..
week 10=109.315...
week 12=112.594...
week 14=117.098...
week 16=122.953..
etc...
Is this correct?
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"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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imsaguy (OP)
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 18, 2012, 04:51:57 PM |
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week 0 = 100 btc
week 2 = 101 btc
week 4 = 102.01
week 6 = 104.0502
week 8 = 106.1312..
week 10=109.315...
week 12=112.594...
week 14=117.098...
week 16=122.953..
etc...
Is this correct?
It is my intention to actually pay out the dividends, rather than have them be reinvested, but if that becomes a large demand, I'll consider it. Edit: A quick scan over your example does seem correct though if a person did reinvest. |
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imsaguy (OP)
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 18, 2012, 05:02:28 PM |
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week 0 = 100 btc
week 2 = 101 btc
week 4 = 102.01
week 6 = 104.0502
week 8 = 106.1312..
week 10=109.315...
week 12=112.594...
week 14=117.098...
week 16=122.953..
etc...
Is this correct?
It is my intention to actually pay out the dividends, rather than have them be reinvested, but if that becomes a large demand, I'll consider it. Edit: A quick scan over your example does seem correct though if a person did reinvest. On second thought, if you want to reinvest dividends, not a problem. |
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vuce
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January 18, 2012, 05:08:52 PM |
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I take it the money can be taken out anytime (except for the first two weeks)? I'd be interested, if you pm me an address.
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imsaguy (OP)
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 18, 2012, 05:18:02 PM |
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I take it the money can be taken out anytime (except for the first two weeks)? I'd be interested, if you pm me an address.
PM'd. |
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slider1978
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January 18, 2012, 06:45:58 PM |
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I'm in
10 BTC sent as per PM
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imsaguy (OP)
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 18, 2012, 10:34:31 PM |
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Thank you everyone for your interest thus far!
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imsaguy (OP)
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 19, 2012, 10:53:44 PM |
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Updated Availability. Almost full for now.  |
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vuce
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January 19, 2012, 11:00:08 PM |
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Updated Availability. Almost full for now. I wish I had any more to invest  |
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imsaguy (OP)
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 21, 2012, 04:17:37 PM |
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Updated availability. Enjoy your weekend everyone, stay safe.
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TheHarbinger
Sr. Member
Offline
Activity: 378
Merit: 250
Why is it so damn hot in here?
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January 21, 2012, 04:43:54 PM |
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If I ever get this resolved; https://bitcointalk.org/index.php?topic=60166.0I'll throw some BTC into it. I have to get some OTC rep somewhere if iIm going to start being a player in this brave new BTC world.  |
12Um6jfDE7q6crm1s6tSksMvda8s1hZ3Vj
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imsaguy (OP)
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 21, 2012, 05:12:46 PM
Last edit: January 21, 2012, 08:08:34 PM by imsaguy |
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slider1978
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January 21, 2012, 06:34:15 PM |
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LOL you and me both. I thought a good way to get rep was loaning out, didn't realize it was gonna cost me so quick. |
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vuce
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January 21, 2012, 06:35:29 PM |
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LOL you and me both. I thought a good way to get rep was loaning out, didn't realize it was gonna cost me so quick. next time, don't loan to people without good otc records. Those have nothing to lose most of the time. |
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imsaguy (OP)
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 21, 2012, 08:10:58 PM |
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LOL you and me both. I thought a good way to get rep was loaning out, didn't realize it was gonna cost me so quick. next time, don't loan to people without good otc records. Those have nothing to lose most of the time. Exactly. I have tons of good -otc rep and have no desire to lose mine. |
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PatrickHarnett
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January 21, 2012, 08:11:49 PM
Last edit: January 21, 2012, 08:41:56 PM by PatrickHarnett |
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I've never used the OTC market that most people refer to, but I do background checks.
anyway
imsaguy - as per pm, is availability down to 75, or can I take some extra as per our pm's
edit: 200 sent
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imsaguy (OP)
General failure and former
VIP
Hero Member
Offline
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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January 22, 2012, 11:13:25 PM |
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Thanks for the interest everyone. I've updated my availability based upon anticipated volume the next 2 weeks.
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packman
Newbie
Offline
Activity: 26
Merit: 0
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January 25, 2012, 07:39:37 PM |
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is this still accepting investment?
I would like to invest 10 BTC with re-investment. PM me the address if it is still available.
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DeLorean
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January 25, 2012, 07:56:57 PM |
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If this proves to go well, I will design a web interface to allow you to see your current balance and make deposits/withdrawals.
Is the best way to track an investment with you now to contact you on IRC? |
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