[GLBSE] PureMining: Infinite-term, deterministic mining bond

[viboracecata]

I can not understand why man could sell the bonds at 0.0001， OMG

[1714834911]

1714834911

[1714834911]

1714834911

[Meni Rosenfeld]

Coupon payment summary for August 2012 (total 0.014924034 BTC per bond):

Code:

Block number	Timestamp        	Timestamp (Unix)	Elapsed time	Difficulty	Block reward	Coupon    	Bonds	Total      	Status
196559    	Aug 31 2012 15:32:28  	1346427148          	193066    	2440642.60692 	50        	0.0009208985	16000	14.7343760	Paid
196223    	Aug 29 2012 09:54:42  	1346234082          	192302    	2440642.60692 	50        	0.0009172543	16000	14.6760688	Paid
195887    	Aug 27 2012 04:29:40  	1346041780          	183114    	2440642.60692 	50        	0.0008734288	16000	13.9748608	Paid
195551    	Aug 25 2012 01:37:46  	1345858666          	184893    	2190865.97010 	50        	0.0009824598	16000	15.7193568	Paid
195215    	Aug 22 2012 22:16:13  	1345673773          	173279    	2190865.97010 	50        	0.0009207469	16000	14.7319504	Paid
194879    	Aug 20 2012 22:08:14  	1345500494          	165382    	2190865.97010 	50        	0.0008787849	16000	14.0605584	Paid
194543    	Aug 19 2012 00:11:52  	1345335112          	198727    	2190865.97010 	50        	0.0010559691	16000	16.8955056	Paid
194207    	Aug 16 2012 16:59:45  	1345136385          	178313    	2190865.97010 	50        	0.0009474959	16000	15.1599344	Paid
193871    	Aug 14 2012 15:27:52  	1344958072          	186026    	2190865.97010 	50        	0.0009884802	16000	15.8156832	Paid
193535    	Aug 12 2012 11:47:26  	1344772046          	175491    	2036671.08869 	50        	0.0010030997	16000	16.0495952	Paid
193199    	Aug 10 2012 11:02:35  	1344596555          	174221    	2036671.08869 	50        	0.0009958404	16000	15.9334464	Paid
192863    	Aug 08 2012 10:38:54  	1344422334          	192530    	2036671.08869 	50        	0.0011004939	16000	17.6079024	Paid
192527    	Aug 06 2012 05:10:04  	1344229804          	196130    	2036671.08869 	50        	0.0011210714	16000	17.9371424	Paid
192191    	Aug 03 2012 22:41:14  	1344033674          	182018    	2036671.08869 	50        	0.0010404078	16000	16.6465248	Paid
191855    	Aug 01 2012 20:07:36  	1343851656          	206020    	2036671.08869 	50        	0.0011776023	20000	23.5520460	Paid

[Meni Rosenfeld]

Coupons due while I'm in London will wait to be paid until I return on Wednesday.

[Meni Rosenfeld]

Coupon payment summary for September 2012 (total 0.011225321 BTC per bond):

Code:

Block number	Timestamp        	Timestamp (Unix)	Elapsed time	Difficulty	Block reward	Coupon    	Bonds	Total      	Status
201263    	Sep 30 2012 17:17:37  	1349025457          	182212    	2864140.50781 	50        	0.0007406155	16000	11.8498480	Paid
200927    	Sep 28 2012 14:40:45  	1348843245          	187715    	2864140.50781 	50        	0.0007629829	16000	12.2077264	Paid
200591    	Sep 26 2012 10:32:10  	1348655530          	194988    	2864140.50781 	50        	0.0007925446	16000	12.6807136	Paid
200255    	Sep 24 2012 04:22:22  	1348460542          	187875    	2864140.50781 	50        	0.0007636332	16000	12.2181312	Paid
199919    	Sep 22 2012 00:11:07  	1348272667          	179862    	2864140.50781 	50        	0.0007310637	16000	11.6970192	Paid
199583    	Sep 19 2012 22:13:25  	1348092805          	189228    	2694047.95296 	50        	0.0008176929	16000	13.0830864	Paid
199247    	Sep 17 2012 17:39:37  	1347903577          	178699    	2694047.95296 	50        	0.0007721949	16000	12.3551184	Paid
198911    	Sep 15 2012 16:01:18  	1347724878          	190737    	2694047.95296 	50        	0.0008242136	16000	13.1874176	Paid
198575    	Sep 13 2012 11:02:21  	1347534141          	202877    	2694047.95296 	50        	0.0008766730	16000	14.0267680	Paid
198239    	Sep 11 2012 02:41:04  	1347331264          	191343    	2694047.95296 	50        	0.0008268322	16000	13.2293152	Paid
197903    	Sep 08 2012 21:32:01  	1347139921          	184897    	2694047.95296 	50        	0.0007989778	16000	12.7836448	Paid
197567    	Sep 06 2012 18:10:24  	1346955024          	158365    	2440642.60692 	50        	0.0007553794	16000	12.0860704	Paid
197231    	Sep 04 2012 22:10:59  	1346796659          	186709    	2440642.60692 	50        	0.0008905765	16000	14.2492240	Paid
196895    	Sep 02 2012 18:19:10  	1346609950          	182802    	2440642.60692 	50        	0.0008719406	16000	13.9510496	Paid

[ThePanCakeKid95]

ok since no one else has said anything yet since glbse is close what happens to all our shares that we owned?

[Meni Rosenfeld]

ok since no one else has said anything yet since glbse is close what happens to all our shares that we owned?

The first step will be to compile a list of asset holders (identified by payment address) and corresponding amount of PureMining bonds. I hope Nefario cooperates in generating such a list, but just in case:

If you have any PureMining bonds, please send an email to  glbse at menirosenfeld dot com  specifying the amount of bonds you had and a payment address (and preferably, some other details). If no information comes from Nefario and the claims are consistent, I'll consider going by the claims. Otherwise we'll figure something out (donation to charity is a possibility).

The second step will be to find an appropriate technical means to distribute coupons as normal until an eventual buyback. The buyback terms will of course have to be modified since there is no longer trading on GLBSE (probably making use of the extrapolated lifetime earnings).

[dishwara]

I don't have that much luxury to donate coins to charity. May be for others, its just some coins, for me its life.

Hope Nefario won't scam every one.

I had my history downloaded last week from GLBSE as csv, but deleted.
Trying to recover it.

@Meni Rosenfeld, may be you can donate me some, coz you like donating very much & donated to this forum.
1LHvvynRR5N1c1e6DbqHRoF8rYfMcChg7e

[Meni Rosenfeld]

I don't have that much luxury to donate coins to charity. May be for others, its just some coins, for me its life.

Forced donation will be a last resort if there is no way to figure out who the bondholders are.

If you manage to recover your csv and determine exactly how many bonds you hold, it will be a good start.

[ThePanCakeKid95]

Also you should also consider keeping your operation going, I spent weeks trying to figure out what bonds I wanted to invest in a while back and would love to keep business with you.

[Meni Rosenfeld]

Also you should also consider keeping your operation going, I spent weeks trying to figure out what bonds I wanted to invest in a while back and would love to keep business with you.

Thanks. In a few months I'll see if it makes sense to issue more bonds.

[Naelr]

ok since no one else has said anything yet since glbse is close what happens to all our shares that we owned?

The first step will be to compile a list of asset holders (identified by payment address) and corresponding amount of PureMining bonds. I hope Nefario cooperates in generating such a list, but just in case:

If you have any PureMining bonds, please send an email to  glbse at menirosenfeld dot com  specifying the amount of bonds you had and a payment address (and preferably, some other details). If no information comes from Nefario and the claims are consistent, I'll consider going by the claims. Otherwise we'll figure something out (donation to charity is a possibility).

The second step will be to find an appropriate technical means to distribute coupons as normal until an eventual buyback. The buyback terms will of course have to be modified since there is no longer trading on GLBSE (probably making use of the extrapolated lifetime earnings).

Info has been sent sir.

Naelr

[senor_coconut]

ok since no one else has said anything yet since glbse is close what happens to all our shares that we owned?

The first step will be to compile a list of asset holders (identified by payment address) and corresponding amount of PureMining bonds. I hope Nefario cooperates in generating such a list, but just in case:

If you have any PureMining bonds, please send an email to  glbse at menirosenfeld dot com  specifying the amount of bonds you had and a payment address (and preferably, some other details). If no information comes from Nefario and the claims are consistent, I'll consider going by the claims. Otherwise we'll figure something out (donation to charity is a possibility).

The second step will be to find an appropriate technical means to distribute coupons as normal until an eventual buyback. The buyback terms will of course have to be modified since there is no longer trading on GLBSE (probably making use of the extrapolated lifetime earnings).

I've also sent my information as mentioned above.

I'll cross-post Nefario's thread here because the discussion is now focusing on aspects that concern asset issuers as well as holders.
Your views are most welcome:

https://bitcointalk.org/index.php?topic=115669.msg1262096#msg1262096

[Meni Rosenfeld]

It seems there is now a claim form on https://glbse.com/. Please file a claim there. Since we do not yet know what will happen with the information submitted, it may be a good idea to independently send me a claim as described above (by sending email to glbse at menirosenfeld dot com with information of GLBSE username, amount of bonds held and withdrawal address, as well as any other relevant details).

[Meni Rosenfeld]

Bumping to remind people to file claims.

For reference, I've talked a bit with Nefario but haven't yet received any data, or my own coins.

[viboracecata]

I have personally sent my claims to you, thx.

[Naelr]

I guess there still is no news from GLBSE for you either?

Naelr

[Meni Rosenfeld]

I guess there still is no news from GLBSE for you either?

Naelr

Right.

[Meni Rosenfeld]

I think we need to start preparing for the very real possibility that I may not be getting the data from GLBSE. So:

1. If you haven't sent a claim to me yet, now is the time.

2. I propose that if nothing happens within ~2 weeks, I will start paying out accumulated and future coupons according to the information I currently have. Payments for unclaimed bonds will go towards a reserve fund, which will be used either to partially compensate missing bondholders when the data is obtained, or eventually donated to an agreed-upon charity.

[organofcorti]

...... For reference, I've talked a bit with Nefario but haven't yet received any data, or my own coins.

I think we need to start preparing for the very real possibility that I may not be getting the data from GLBSE...

Did you at least get your own coins?

[Meni Rosenfeld]

...... For reference, I've talked a bit with Nefario but haven't yet received any data, or my own coins.

I think we need to start preparing for the very real possibility that I may not be getting the data from GLBSE...

Did you at least get your own coins?

No. I had a hunch I shouldn't be keeping too many bitcoins there, so I withdrew most but had about 100 remaining. With the double payment thing I doubt I'll be getting them - just another one in a long list of recent losses I've had.

I think we need to start preparing for the very real possibility that I may not be getting the data from GLBSE. So:

Is there any material information that leads you to that conclusion ?

Not really, other than the length of time this has dragged on and Nefario not responding to my last mail.

Since I'm not making a full buyback currently the damage of making some payments with incomplete data is limited, and as mentioned I'm giving more time until doing even that. But if people prefer that I wait even longer I'm fine with that.