Bitcoin Forum
December 06, 2016, 12:30:24 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 [3] 4 5 6 7 »  All
  Print  
Author Topic: post  (Read 12339 times)
BinaryMage
Hero Member
*****
Offline Offline

Activity: 546


Ad astra.


View Profile
June 19, 2012, 06:21:13 AM
 #41


Quote
(that's not really our phone number o_o )

 Cheesy

I would hope not, as it's the wrong number of digits.

-- BinaryMage -- | OTC | PGP
1481027424
Hero Member
*
Offline Offline

Posts: 1481027424

View Profile Personal Message (Offline)

Ignore
1481027424
Reply with quote  #2

1481027424
Report to moderator
There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
wirmola
Member
**
Offline Offline

Activity: 111


View Profile
June 19, 2012, 11:07:03 AM
 #42

I am interested of how everything works with these 2 Like costs, which amounts do u insure.
how/what the hack&theft ins. covers..?

* Pirate Account (and PPT/etc.) coverage

* Hack & Theft Insurance


gewure
Sr. Member
****
Offline Offline

Activity: 364


[#][#][#]


View Profile
June 19, 2012, 02:38:06 PM
 #43

100.000 bitcoin is pretty damn much. (1/200 of all possible bitcoin^^)

what measures do you take in securing this huge amount? are there conctracts with "real" insurances? what happens in case of an accident?!

questions over questions
Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
June 20, 2012, 01:46:59 AM
 #44

100.000 bitcoin is pretty damn much. (1/200 of all possible bitcoin^^)

what measures do you take in securing this huge amount? are there conctracts with "real" insurances? what happens in case of an accident?!

questions over questions

Of course we can't answer questions about security on a public forum. This does not mean we follow a policy of security by obscurity; it just means I can't answer those questions here.

Anyways, yes, we are a real insurance company. We've signed over 1,500 BTC worth of coverage already and are staring about 5,000 BTC of coverage in the face which we are scrambling to get capital for. And I don't even advertise! There are a few thousand BTC on the way from various sources, various investors. At least four people have promised to buy in, but they're being excruciatingly slow about it.

We need funding! Ahh, we have much more business than we can take. This is growing much faster than I imagined. We're a success, and I'm happy about that. I just have to take it slow and be patient.


I like the low price for the shares because I can buy them as my dividends come in Smiley

redbeans2012
Hero Member
*****
Offline Offline

Activity: 854

MMM Extra - The right step towards the goal!


View Profile WWW
June 20, 2012, 01:57:40 AM
 #45

I think this question has been asked, not sure if it was answered. 

How do you deal with fraud?

If you insure a mining company against damage, why wouldn't someone just claim their boards got fried when it didn't? How would you tackle such a situation?

stochastic
Hero Member
*****
Offline Offline

Activity: 532


View Profile
June 20, 2012, 04:06:13 AM
 #46

I think this question has been asked, not sure if it was answered. 

How do you deal with fraud?

If you insure a mining company against damage, why wouldn't someone just claim their boards got fried when it didn't? How would you tackle such a situation?

We have procedures in place which will detect fraud and scams of that nature.

What is your current default rate?

Introducing constraints to the economy only serves to limit what can be economical.
Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
June 21, 2012, 12:44:21 AM
 #47

I had this thought today...

CPA could insure more than just bitcoin related things.

For instance I have car insurance which I pay AUD to an insurance company for. If I could instead pay bitcoins to CPA that would be interesting....

I imagine if the price of bitcoin went up against the AUD it might mean I could even get a rebate after a few years if CPA kept a record of the current and future price of AUD to BTC. Its a combined savings and insurance  vehicle Smiley

This has some amazing possibilities imo.

Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
June 21, 2012, 05:25:13 AM
 #48

I had this thought today...

CPA could insure more than just bitcoin related things.

For instance I have car insurance which I pay AUD to an insurance company for. If I could instead pay bitcoins to CPA that would be interesting....

I imagine if the price of bitcoin went up against the AUD it might mean I could even get a rebate after a few years if CPA kept a record of the current and future price of AUD to BTC. Its a combined savings and insurance  vehicle Smiley

This has some amazing possibilities imo.

Right now I would need to do some research before I took on such a contract (1-3 days). However I would do it. The contract would be written in bitcoins, and there would be no rebates, however Smiley

If you are queazy about that may I suggest insurance extension? Say, a 100 bitcoin extension for 1 bitcoin. In the event of an accident, you provide me with your papers, and I provide you with 100 bitcoins. That might work. You're not a reckless driver are you? Smiley

Again though I would need time to research the rates on something like this, but I can guarantee you they would be cheaper than what you pay in AUD. We're a real insurance company, not a bloodsucking conglomerate.

+1 on not being a bloodsucking conglomerate lol.

Its really just a thought experiment on possibilities. Its a pity I didnt have house and contents this way as we just had an earthquake and have to make a claim  Shocked
You might want to peg the bitcoin value  to the AUD value because it might be worth a lot more or less in a year.  So the amount to pay out and the premium each week/day would move up and down as the exchange rate varied. If 100btc was worth 80 000 in a year and my car is still only worth 20 000AUD it introduces moral hazard Smiley 



Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
June 23, 2012, 01:10:38 AM
 #49

+1 on not being a bloodsucking conglomerate lol.

Thanks.

Its really just a thought experiment on possibilities. Its a pity I didnt have house and contents this way as we just had an earthquake and have to make a claim  Shocked
You might want to peg the bitcoin value  to the AUD value because it might be worth a lot more or less in a year.  So the amount to pay out and the premium each week/day would move up and down as the exchange rate varied. If 100btc was worth 80 000 in a year and my car is still only worth 20 000AUD it introduces moral hazard Smiley 

Well, most insurance policies will just pay you for the damages. If you incur 70 bitcoins of damage, we aren't going to pay out the entire claim ;-)

No moral hazard there.

Yes thats a good point. As a matter of fact i am dealing with insurance companies right now after we had the recent earthquake. Its been relatively painless so far. All the tiles have moved on the roof so it might be worth less to replace the house than to restump,replaster and re-roof the damn thing.

Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
June 30, 2012, 02:36:03 AM
 #50

The dividends will help with raising more funds. What sort of yield do you think it will come out too ?


Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
June 30, 2012, 10:59:50 AM
 #51

Ive been building up shares in companies that pay dividends so I can reinvest the recurring income. Now it starts paying divs I will adjust my portfolio Smiley

farfiman
Legendary
*
Offline Offline

Activity: 1449



View Profile
July 02, 2012, 04:37:50 AM
 #52

Recieved 1st Div's and very happy Smiley

"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
Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
July 02, 2012, 05:05:44 AM
 #53

Recieved 1st Div's and very happy Smiley

+1

unclescrooge
aka Raphy
Hero Member
*****
Offline Offline

Activity: 868


View Profile
July 02, 2012, 08:23:57 AM
 #54

Very good dividend, I'm glad I invested here.

Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
July 02, 2012, 11:10:52 AM
 #55

Bought all the shares that were priced under 0.1 Cheesy

cytokine
Donator
Full Member
*
Offline Offline

Activity: 224



View Profile
July 02, 2012, 07:55:16 PM
 #56

watching
Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
July 03, 2012, 01:43:55 AM
 #57

<<<MOVED FROM THE YARR THREAD>>>
Please disclose the claims paying ability of CPA such as a basic three line balance sheet (assets, liability, spare liquid assets).  Without this information, the 100% insurance is only as good as the backer, and I'm not interested in taking "someone's word" on this.  An investor now has to rely on YARR, CPA and BS&T all doing their best to meet obligations.

As a counter example, Starfish BCB backs deposits (approx 9000BTC worth) with assets of approx 29,000 coins.

This financial information is available and quite a number of people have access to it, but it must remain confidential and NOT public due to our customer's requests. Some of them have requested anonymity. As it is possible to discern the identity of our clients with access to the info, and as some of that info is simply private, we will not be releasing that information any time soon to people who have not invested money with us (as they would have an incentive to protect the customer's information).  That being said I am working on a series of spreadsheets that will be released soon, to the public, which should help.

Until then you will have better luck getting Pirate to expose his books. Unfortunately that is simply the nature of this game, and I sincerely apologize if you do not trust me and prefer to invest directly with Pirate.

Anyway, if you're interested in becoming an insider, that could be arranged. You would have full access to company info then, and a round table-style discussion list where we discuss company policy. There are 4 or 5 members besides myself. I have to admit we would love someone with your experience to come on board.

CPA's e-mail is cpa@tsukino.ca -- that is probably your best bet for information on CPA. I guess you are under the impression this is me alone doing this. That is true, in the sense that we haven't hammered out a corporate structure yet. Maybe this is something you could assist us with if you were to join us.

I trust Patrick to verify you are legit and hope he takes the offer.

One way you can prove you actually have the assets backing your claims is to regularly move coins around after pre announcing the addresses you move it to.

stochastic
Hero Member
*****
Offline Offline

Activity: 532


View Profile
July 03, 2012, 01:46:34 AM
 #58

<<<MOVED FROM THE YARR THREAD>>>
Please disclose the claims paying ability of CPA such as a basic three line balance sheet (assets, liability, spare liquid assets).  Without this information, the 100% insurance is only as good as the backer, and I'm not interested in taking "someone's word" on this.  An investor now has to rely on YARR, CPA and BS&T all doing their best to meet obligations.

As a counter example, Starfish BCB backs deposits (approx 9000BTC worth) with assets of approx 29,000 coins.

This financial information is available and quite a number of people have access to it, but it must remain confidential and NOT public due to our customer's requests. Some of them have requested anonymity. As it is possible to discern the identity of our clients with access to the info, and as some of that info is simply private, we will not be releasing that information any time soon to people who have not invested money with us (as they would have an incentive to protect the customer's information).  That being said I am working on a series of spreadsheets that will be released soon, to the public, which should help.

Until then you will have better luck getting Pirate to expose his books. Unfortunately that is simply the nature of this game, and I sincerely apologize if you do not trust me and prefer to invest directly with Pirate.

Anyway, if you're interested in becoming an insider, that could be arranged. You would have full access to company info then, and a round table-style discussion list where we discuss company policy. There are 4 or 5 members besides myself. I have to admit we would love someone with your experience to come on board.

CPA's e-mail is cpa@tsukino.ca -- that is probably your best bet for information on CPA. I guess you are under the impression this is me alone doing this. That is true, in the sense that we haven't hammered out a corporate structure yet. Maybe this is something you could assist us with if you were to join us.

I trust Patrick to verify you are legit and hope he takes the offer.

One way you can prove you actually have the assets backing your claims is to regularly move coins around after pre announcing the addresses you move it to.

Is CPA not going to use the float to generate more revenue?

Introducing constraints to the economy only serves to limit what can be economical.
sadpandatech
Hero Member
*****
Offline Offline

Activity: 504



View Profile
July 03, 2012, 07:31:41 AM
 #59

As a potential investor in CPA I am not comfortable with insuring individual 'hacking' cases as they would be near impossible to prove. Maybe require that there was some known breach of security that lead to multiple, verifiable instances. very unlikely, which is fine. ;p

or Make the premiums for unverifiable hacking insurance such that;
A.The premium is 10% of insured value per period and insured is only qualified for n% of payout per x amount of premium periods up until incident.

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518



View Profile
July 08, 2012, 10:44:40 PM
 #60


I trust Patrick to verify you are legit and hope he takes the offer.

One way you can prove you actually have the assets backing your claims is to regularly move coins around after pre announcing the addresses you move it to.

Only just stumbled on this while looking for something else - will pm usagi.
Pages: « 1 2 [3] 4 5 6 7 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!