imsaguy's Enormously Interesting Extended Investment Opportunity

[imsaguy]

Thanks for the logos, I guess I'll have to make a contest so I can choose the best one.

Work has begun on making an informational website to allow you to see your account balance/transaction history at any time.  There just weren't any good shared worksheet solutions out there that preserved people's privacy.

I'm anticipating making some availability here shortly.

[imsaguy]

Updated availability.  Getting the VPS for the info pages setup tomorrow and then I can copy my files up.

[zapeta]

Wow, the availability went from 800 to 75 fast!

Just sent in a small contribution to add to my balance.

[imsaguy]

Availability updated.

[Otoh]

Availability updated.

Current availability is: 0 btc. ~ I'm impressed, even though this is why I do bank here

Edit: Fixed, sry wasn't meant to be criptic (was 3am)

[imsaguy]

Availability updated.

Current availability is: 0 btc. ~ I'm impressed, even though I do bank here

Thanks for the compliment.. I think 

[imsaguy]

I'm not anywhere near the point where I'd just buy everyone out and wrap this out, but I want to start the discussion now so that when the time comes, everyone's on board.

There have been people that joined at the beginning and there are people that joined 2 days ago. There are people that bought in for the minimum and there are people that bought in for much more than that.  From a strictly dollars and cents (btc, but that ruins the idiom) perspective, its to my advantage to buy out those with the highest rate.  From the investor's standpoint, I'm going to guess they'll want me to buyout the newest people first.  So where is the happy compromise?

I'm open to suggestions and ideas.  Once there's a couple good ideas, I'll put them to a poll and let everyone decide.

[Otoh]

well it takes about 5 months to build up to the top interest rate of about 3% per week, I only entered in to this on the assumption that once reached I would be able to hold that for at least 6 months, better still 1 year, or I probably wouldn't have bothered, other reputable lenders like Hashking have been offering deals with 3% a week from day 1 recently (10 week special) & we all know what Pirate's rates pay - but I like to diversify. So I think it only fair to let those who are 3 plus months in to this (like me) to get up to the promised rate & to be able to hold that for a min of 6 months, at the very least 4 - if you can guarantee that then I'm happy & will stick around, otherwise I shall most likely look around for other options

[PatrickHarnett]

well it takes about 5 months to build up to the top interest rate of about 3% per week, I only entered in to this on the assumption that once reached I would be able to hold that for at least 6 months, better still 1 year, or I probably wouldn't have bothered, other reputable lenders like Hashking have been offering deals with 3% a week from day 1 recently (10 week special) & we all know what Pirate's rates pay - but I like to diversify. So I think it only fair to let those who are 3 plus months in to this (like me) to get up to the promised rate & to be able to hold that for a min of 6 months, at the very least 4 - if you can guarantee that then I'm happy & will stick around, otherwise I shall most likely look around for other options

+1

Only pays off if it lasts a while.  So far I'm still in minus territory (for disclosure, joined at the end of January, and I have several hundred invested - only now at break-even compared to the deposit rates I'm paying at Starfish).  If it runs to Christmas(December) I would be ok with that, but if the average monthly return works out to only a few percent less happy.

[imsaguy]

After talking with my largest investors, I've decided that if I push anyone out before they've been in for >= 10 months, I'll reimburse their early months as if they had been at 6% all along (excluding the compounding, sorry).   I think that's the most fair for everyone but still allows me to buyout shares as I have larger positive income.  

That being said, if anyone's interested, there's about 200 in availability.  I've already mentioned it to a few people, so if it oversubscribes, expect them back.  Thanks.  Gone. 

[PatrickHarnett]

waiting for confirmation of payment address (300 available to send) 

[der_meister]

I'm not anywhere near the point where I'd just buy everyone out and wrap this out, but I want to start the discussion now so that when the time comes, everyone's on board.

There have been people that joined at the beginning and there are people that joined 2 days ago. There are people that bought in for the minimum and there are people that bought in for much more than that.  From a strictly dollars and cents (btc, but that ruins the idiom) perspective, its to my advantage to buy out those with the highest rate.  From the investor's standpoint, I'm going to guess they'll want me to buyout the newest people first.  So where is the happy compromise?

I'm open to suggestions and ideas.  Once there's a couple good ideas, I'll put them to a poll and let everyone decide.

May be just decreasing the dividend payments proportionally - 1%->0.75%, 2->1,5....6%->4,5% (or something like that). This rates you can multiply with bonus coefficient, depending on deposit date and size. Example:

Time factor:
- deposits made less that 2 month ago take bonus 1;
- deposits between 2 and 4 month take bonus coefficient 1.05;
- between 4 and 6 months take 1.1,
- over 6 months - 1.15

Size factor:
- deposits under 50 BTC - bonus 1;
- 50-100 BTC - bonus 1.05;
- 100-200 BTC - 1.1;
- over 200 - 1.15

In that case, the maximum earnings could be 4.5^1.15^1.15 = ~5.95% which is almost the actual maximum rate. So the largest and oldest investors not be affected at all, but newer and smaller ones will stuck on little lower rates between 4.5 and 5.95%. This scheme will be applicable only for existing deposits. All new deposits will take base flat rate of 4.5%.

This is the fairest way which I can think out.   Of course, if you want to continue the business, otherwise the idea with reimbursing the early months at 6% sounds good and fair.

*All dividends, bonus rates, time periods and deposit sizes are explanatory.

[imsaguy]

Updated opportunity and availability.  This isn't a Pirate Passthrough.  See my PPT offering on GLBSE if you're interested in passthrough.

[Otoh]

Updated opportunity and availability.  This isn't a Pirate Passthrough.  See my PPT offering on GLBSE if you're interested in passthrough.

yep, I'd like in on some Plan B please PM me a deposit addie, thanks

[Otoh]

Sent 500 BTC Plan B

I forgot to ask, is there a roll over option for compound interest on Plan B as there is for Plan A, np if not

[der_meister]

Sent 60 BTC @ Plan B.

 

[imsaguy]

Just got home, running the dividend scripts now.  Thanks for being patient.

[imsaguy]

There's been an awesome response to B.  I've been making more availability with it because of the recent price increases.. its opened up some opportunities.

[Otoh]

Sent 500 BTC Plan B

I forgot to ask, is there a roll over option for compound interest on Plan B as there is for Plan A, np if not

rollover option? web site going live when? until that happens please to continue to send fortnightly updates of interest paid, at what rates & the current balances, thanks

[imsaguy]

Sent 500 BTC Plan B

I forgot to ask, is there a roll over option for compound interest on Plan B as there is for Plan A, np if not

rollover option? web site going live when? until that happens please to continue to send fortnightly updates of interest paid, at what rates & the current balances, thanks

B will be paid out.  As long as there is availability, you're free to send back.

PM sent with your A info.