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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.

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Author Topic: Closing  (Read 19627 times)
Francesco
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September 05, 2012, 07:37:49 AM
 #121

Obsi, do you have anything to say in response to the accusation that you are running a ponzi scam? Or are you just going to ignore it and hope people keep investing anyway?

He is going to ignore all concerns, and so is market so he is right for his own interest. Bitcoin world apparently accepted as canon that there must be something paying crazy rates, it's like, a Bitcoin institution, and everyone will jump in irregardless of risk; Obsi managed to be second in line after Pirate, kudos to him.
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September 05, 2012, 07:57:19 AM
 #122

PONZI SCAM

Probably. But at 1% if it survives at least 100 days, or I sell before it collapse, I come out on the plus side anyway.

In Ponzis We Trust (to get in and out quickly).

Does this mean you are going to actively try and find new "marks" ?  If you know its a ponzi and participate anyway you are willingly getting involved in a  criminal act to defraud more people.


No. I said it is probably a Ponzi scam and spoke for me about my choice. So the first in line to risk exposure is just me until I stay invested here. There is ppl who like to play poker online and others who like to risk their money in ponzi scams. Until everyone assume responsability of their acts is just fine.
BTW: OBSI.HRPT is having a money flow bigger than Gigamining, so there is no need of advertising at all.

bitcoinbear
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September 09, 2012, 12:06:23 AM
 #123

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.



Maybe you should use the term "face value" instead of "IPO price"? Or is there a better term?

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September 09, 2012, 02:58:18 AM
 #124

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.



Maybe you should use the term "face value" instead of "IPO price"? Or is there a better term?
I believe the interest is based on the original IPO price.

As the prices of the bonds we're trading, change, the funds he has received through IPO/SPO's, have not, assuming his SPO's have also been getting sold at the same price as the IPO was.

All the bond price is after issue, is how much we're willing to buy/sell them amongst ourselves.

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September 09, 2012, 12:22:06 PM
 #125

Maybe you should use the term "face value" instead of "IPO price"? Or is there a better term?
I believe the interest is based on the original IPO price.

As the prices of the bonds we're trading, change, the funds he has received through IPO/SPO's, have not, assuming his SPO's have also been getting sold at the same price as the IPO was.

All the bond price is after issue, is how much we're willing to buy/sell them amongst ourselves.

-- Smoov
I didn't respond because I wasn't sure bond was the right term and didn't feel like going to see the contract.  However, if this is a bond, then its face value is .1, which also happens to be the IPO price.  It sells for more than face value sometimes because people want to get in on the interest and are willing to pay a premium for the opportunity, but the bond could theoretically be paid off (bought back) at .1 anytime, even if someone had just paid .11 for it.  Also, if it is a bond, it is unsecured, but I suppose that is neither here nor there.
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September 12, 2012, 06:27:40 AM
 #126


Obsi stands to make almost BTC4k if he closes up now, but it is currently more profitable to keep the scheme going until the purchase of new bonds slows.

Edit: I have no position involving OBSI.HRPT currently but will be considering a short when it is closer to collapse.

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September 12, 2012, 06:38:21 AM
 #127

Interesting. Can you keep this updated please.

Obsy, if you are running a ponzi. You will soon reach the point of highest profit.

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September 12, 2012, 07:25:14 AM
 #128

Great chart Dust!

Obsy, if you are running a ponzi. You will soon reach the point of highest profit.

If ? As if that is a question.
However, since OBSI is selling bonds, people cant withdraw their money other than by selling bonds to other suckers. There isnt much risk of a bank run. The worst that can happen for obsi is that no more new bonds are purchased and he has to lower price or risk stagnation. His profits are locked in. Much better scheme than what pirate did.
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September 12, 2012, 07:38:12 AM
 #129

Sure, I did get out a week after buying in. Exactly the moment I realized what I have invested in. I even stole made 0.8 BTC out of it.

So I'm happy with it and for now only curious what will happen here.

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September 12, 2012, 07:58:04 AM
 #130

Great chart Dust!

Obsy, if you are running a ponzi. You will soon reach the point of highest profit.

If ? As if that is a question.
However, since OBSI is selling bonds, people cant withdraw their money other than by selling bonds to other suckers. There isnt much risk of a bank run. The worst that can happen for obsi is that no more new bonds are purchased and he has to lower price or risk stagnation. His profits are locked in. Much better scheme than what pirate did.
It is a much better scheme than pirate's because Obsi can take his investors' money without even violating his contract.  He can walk away with thousands of BTC and not even be considered a scammer.

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September 12, 2012, 11:45:17 AM
 #131

Great chart Dust!

Obsy, if you are running a ponzi. You will soon reach the point of highest profit.

If ? As if that is a question.
However, since OBSI is selling bonds, people cant withdraw their money other than by selling bonds to other suckers. There isnt much risk of a bank run. The worst that can happen for obsi is that no more new bonds are purchased and he has to lower price or risk stagnation. His profits are locked in. Much better scheme than what pirate did.
It is a much better scheme than pirate's because Obsi can take his investors' money without even violating his contract.  He can walk away with thousands of BTC and not even be considered a scammer.
Someone is listening, the shares were selling down to 0.075 and as of the time of wiring there are a bit over 100 shares available for a few satoshis under IPO price

Edit: Man are graphs convincing
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September 12, 2012, 04:51:27 PM
 #132


Don't Panic!

He can keep up the 0.001 div per day for at least a year.
Hmm... who else kept paying for a year and the run like a slimy thieve. Oh, scammer Trendon Shavers from Texas. That's the one!
 LOL

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
trifith
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September 12, 2012, 05:02:00 PM
 #133


Don't Panic!

He can keep up the 0.001 div per day for at least a year.
Hmm... who else kept paying for a year and the run like a slimy thieve. Oh, scammer Trendon Shavers from Texas. That's the one!
 LOL

Awesome, 1 year from now, I'll sell. In the mean time, profits for me. (No, I'm not banking 100% on this)

The secret is to diversify. Don't put all your eggs in one basket, even if the basket pays great rates.
 
The other secret is not to invest what you can't afford to lose. Less than 10% of my portfolio is in OBSI.HRPT.

Hell, it says HIGH RISK right there in the name. As in, you might just lose everything you put into it. So be careful.

bitcoinbear
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September 12, 2012, 05:05:51 PM
 #134

Interesting that the price has dropped dramatically. Obsi has not even lowered the rate yet, let alone missed a payment.

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September 12, 2012, 05:09:24 PM
 #135


Don't Panic!

He can keep up the 0.001 div per day for at least a year.
Hmm... who else kept paying for a year and the run like a slimy thieve. Oh, scammer Trendon Shavers from Texas. That's the one!
 LOL

Awesome, 1 year from now, I'll sell. In the mean time, profits for me. (No, I'm not banking 100% on this)

The secret is to diversify. Don't put all your eggs in one basket, even if the basket pays great rates.
 
The other secret is not to invest what you can't afford to lose. Less than 10% of my portfolio is in OBSI.HRPT.

Hell, it says HIGH RISK right there in the name. As in, you might just lose everything you put into it. So be careful.


Diversification does not help you if you invest in things that are -EV (negative expected value).  Also, OBSI.HRPT will not last a year.  I'll bet on it.

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Factory
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September 12, 2012, 06:03:02 PM
 #136

He can keep up the 0.001 div per day for at least a year.

Well, in terms of simple math; without extra capital inflows from continual additional bond sales, it would be 100 days.

Diversification does not help you if you invest in things that are -EV (negative expected value).  Also, OBSI.HRPT will not last a year.  I'll bet on it.

This about sums it up.

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September 12, 2012, 06:52:01 PM
 #137

Looks like pink and big friendly letters worked out OK.
Usagi picked up a load of OBSI.HRPT

But who is going to save it from the next sell off?

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
btharper
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September 12, 2012, 09:43:33 PM
 #138

looks like more selling since my earlier post, but not quite as low. If nothing else people are gun shy about possible ponzi schemes.  Maybe Obsi will see the point in sharing some of the details of his business, but no telling what will happen when.

Disclaimer: while I have sold my few shares (at a reasonable and profitable price, not in panic), I have no reason to accuse Obsi of running a ponzi operator, I just want to be careful. My loss if he's on the up and up.
BadBitcoin (James Sutton)
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September 12, 2012, 11:52:21 PM
 #139

looks like more selling since my earlier post, but not quite as low. If nothing else people are gun shy about possible ponzi schemes.  Maybe Obsi will see the point in sharing some of the details of his business, but no telling what will happen when.

Disclaimer: while I have sold my few shares (at a reasonable and profitable price, not in panic), I have no reason to accuse Obsi of running a ponzi operator, I just want to be careful. My loss if he's on the up and up.

you know, if you asked him, he would tell you exactly what he does, he told me.

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September 13, 2012, 12:04:45 AM
 #140




you know, if you asked him, he would tell you exactly what he does, he told me.

Obsi, what exactly do you do?  You are always the top of my dividend chart.

Introducing constraints to the economy only serves to limit what can be economical.
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