Shades Minoco / Shakaru / Collections / Debt

[shakaru]

If you could, that would be great. I have a few people from the local meet up that I can call, I just have yet to do a transaction with any of them and would like to get the best possible rate.

[1713972281]

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[1713972281]

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[1713972281]

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[likuidxd]

I am now the owner of Sakaru's debt to Bitsinmyhead please update OP.

Imsaguy, YHPM

[shakaru]

An idea passed through my head.
Would this be easier if we were to make a GLBSE asset called ShakDebt or something. Issue an contract in proportion to the total debt. Pay collections directly to it and keep everything updated on a blog? This would allow possible return on the shares if they start trading. I figure this would help GLBSE, bitcoin, give me further incentive to repay faster as that would be the backing of this.
Any thoughts?

[payb.tc]

An idea passed through my head.
Would this be easier if we were to make a GLBSE asset called ShakDebt or something. Issue an contract in proportion to the total debt. Pay collections directly to it and keep everything updated on a blog? This would allow possible return on the shares if they start trading. I figure this would help GLBSE, bitcoin, give me further incentive to repay faster as that would be the backing of this.
Any thoughts?

thought: i've never used glbse and have no immediate plans to... would your suggestion complicate things for glbse newbs?

[shakaru]

An idea passed through my head.
Would this be easier if we were to make a GLBSE asset called ShakDebt or something. Issue an contract in proportion to the total debt. Pay collections directly to it and keep everything updated on a blog? This would allow possible return on the shares if they start trading. I figure this would help GLBSE, bitcoin, give me further incentive to repay faster as that would be the backing of this.
Any thoughts?

thought: i've never used glbse and have no immediate plans to... would your suggestion complicate things for glbse newbs?

Not really. Senbonzakura of IBB has be willing to help setup an account for someone who wishes to use GLBSE. Nefario also can provide assistance. I know a good portion of the people involved in this already do have an account.

[marked]

An idea passed through my head.
Would this be easier if we were to make a GLBSE asset called ShakDebt or something. Any thoughts?

Would still be a 20BTC registration fee unless nefario waived that?

marked

[jamesg]

thought: i will sell my remaining debt for 20 BTC.

[marked]

Would still be a 20BTC registration fee unless nefario waived that?

Just seen that nefario has/is dropping already verified issuers down to 8BTC in the new 2.0 fee structure.

marked

[shakaru]

Would still be a 20BTC registration fee unless nefario waived that?

Just seen that nefario has/is dropping already verified issuers down to 8BTC in the new 2.0 fee structure.

marked

Thats true. Also, sometime things are worked out so where the fee is small. I am in the middle of snapping photos of the Passport and DL right now to verify. Just waiting on my 6 character code.

[payb.tc]

so previously i could see no benefit in moving things to glbse.

but now i see...

no benefit, in addition to having to pay a fee.

[shakaru]

so previously i could see no benefit in moving things to glbse.

but now i see...

no benefit, in addition to having to pay a fee.

You dont have to pay a fee to use it. Only list on it, and even then. There are discounts and such.

[Raoul Duke]

so previously i could see no benefit in moving things to glbse.

but now i see...

no benefit, in addition to having to pay a fee.

You dont have to pay a fee to use it. Only list on it, and even then. There are discounts and such.

And withdrawals? Are those feeless also? Not that it's any of my business...

[likuidxd]

so previously i could see no benefit in moving things to glbse.

but now i see...

no benefit, in addition to having to pay a fee.

You dont have to pay a fee to use it. Only list on it, and even then. There are discounts and such.

And withdrawals? Are those feeless also? Not that it's any of my business...

Yes, no fees for traders

[shakaru]

GLBSE is a very good investment platform where traders are pretty much free of restriction. There is a 1btc minimum withdraw limit, but thats overcome by just depositing the difference and then withdrawing.
Like any investment, you need to do you due diligence on what you are buying into. There have been a few failed assets as well as some absolute scams. Yet there are some great listings out there like BMMO, FPGA.contract, and Ive been reading good things on Red Star Mining (RSM). Nefario is doing his part in verifying the identities of all parties who list an asset on glbse to prevent further abuse of its system.

[Raoul Duke]

so previously i could see no benefit in moving things to glbse.

but now i see...

no benefit, in addition to having to pay a fee.

You dont have to pay a fee to use it. Only list on it, and even then. There are discounts and such.

And withdrawals? Are those feeless also? Not that it's any of my business...

Yes, no fees for traders

I asked about WITHDRAWALS, not trades...
Because here it says there are fees. Not that much, but you still have to pay to get your money out. Or does Shakaru have any kind of discount for being such a nice guy and owing money to everybody?
Also, does it make sense to SPEND even more money when he clearly doesn't have enough money to cover his current debts in a timely manner?

The idea of using GLBSE deserves a facepalm! Especially since it was the guy in debt that suggested it!

EDIT:And now he's comparing his huge debt with an "investment"...
Dude, are you delusional, or...?

[shakaru]

I dont have a discount, but I trader on GLBSE and if there is a withdraw fee, Ive never seen it. And I have cleared out my wallet on glbse before. Also with bitarb, we have the ipo funds sitting there. When the transfer of that to the trading bot happens, all 100btc will just go from there to the bot directly, no fee involved....unless something has changed. News to me then, but still looks free.

[Raoul Duke]

This thread is not about your other business you're about to start, nor were the questions I asked or the statements I made.
It was about your clearly not so good idea of listing your debt in GLBSE, so don't divert the conversation to something else and start confusing people.

[Raoul Duke]

trading debt would make sense if there would be income and folks in hurry would accept trading it at loss with someone who could wait. me personally I would not buy such asset.

Clearly that's the only upside in using GLBSE. But seeing some people already sold their debt here and there was no need to pay listing fees or withdrawal fees I'm not sure if I can really say it's an upside.

But anyway. None of my business. Shakaru has no debts with me. I'm mostly curious why people choose to complicate things, especially when there's no logical(or should I say monetary?) reason for it.

[imsaguy]

Hi,
I confirm that I have sold my part of the shakaru debt to likuidxd. He will send you a new address that my share of the repayments should be paid to.
Thanks again for your help in this.
-Bitsinmyhead

I am now owner of the debt owed to Bitsinmyhead
Please update OP as follows;

Owed to: LikuidXd
Amount owed: 60 BTC
Preferred method of payment: BTC

Witnessed.  I kindly ask that the OP be updated to reflect this.

LikuidXd, we need an address for you.

[dollartrader]

I am now owner of the debt owed to Bitsinmyhead
Please update OP as follows;

Owed to: LikuidXd
Amount owed: 60 BTC
Preferred method of payment: BTC

This was a 120 BTC debt, has there been some payment made or adjusted in some way?