Closing

[The00Dustin]

obsi,  would you rate the probability of an investment in this yielding a negative roi higher or lower.than 50% ?

Even if he had firm reason to believe this operation wouldn't default, answering this question would leave people calling him a liar if it did.  Moreover, even if he could predict the future and expected the operation to default at a given point, the answer to this question would still depend on when you invest and what price you buy in at.

[Puppet]

obsi,  would you rate the probability of an investment in this yielding a negative roi higher or lower.than 50% ?

Even if he had firm reason to believe this operation wouldn't default, answering this question would leave people calling him a liar if it did.  Moreover, even if he could predict the future and expected the operation to default at a given point, the answer to this question would still depend on when you invest and what price you buy in at.

giving it a greater than 50 percent.  chance to succeed wouldn't make him a liar if it defaults. and I do mean anyone investing now

[The00Dustin]

giving it a greater than 50 percent.  chance to succeed wouldn't make him a liar if it defaults. and I do mean anyone investing now

Giving it a 99.9% chance of success and having it default tomorrow wouldn't necessarily make him a liar, but it would lead to a lot of accusations that he was nonetheless.  Giving it less than 50% chance could kill liquidity and screw investors who are already in, which would also lead to accusations of one sort or another.  Giving it more than 50% chance would probably redouble the ponzi accusations.  My point is this question is loaded whether you mean for it to be or not.  Unfortunately, "high risk" doesn't give us a percent, but it does mean "high risk" and that information has already been provided.

[EskimoBob]

Obsi, can you do a simple liquidity test of your client(s) by simply withdrawing all your investors cash and converting it back to BTC?

[The00Dustin]

Obsi, can you do a simple liquidity test of your client(s) by simply withdrawing all your investors cash and converting it back to BTC?

If it's used to purchase debt as previously indicated, how could that liquidity exist?  Why would they pay this kind of interest to sit on cash?

[dust]

Obsi, can you do a simple liquidity test of your client(s) by simply withdrawing all your investors cash and converting it back to BTC?

If it's used to purchase debt as previously indicated, how could that liquidity exist?  Why would they pay this kind of interest to sit on cash?

A better question is: Why would they pay this kind of interest to do anything?

[kilcondlost]

Links to "they" and what "they" do are preferable!

probably MMM... lol

Hey just wanted to say that I run the stock MMM and I am assuming you are referring tot he Russian Ponzi scheme that took place but please try and reference that as at the time of launching I had no idea about that other wise I would have never used the name Money Maker Mining as my title. I beg you though with all my heart please do not say anything bad about MMM without specifying which you are talking about. I mean no insult by this and I understand you meant no harm. Thank you and once again I would greatly appreciate it. Thank you, MMMining Inviestments

[exahash]

Links to "they" and what "they" do are preferable!

probably MMM... lol

Hey just wanted to say that I run the stock MMM and I am assuming you are referring tot he Russian Ponzi scheme that took place but please try and reference that as at the time of launching I had no idea about that other wise I would have never used the name Money Maker Mining as my title. I beg you though with all my heart please do not say anything bad about MMM without specifying which you are talking about. I mean no insult by this and I understand you meant no harm. Thank you and once again I would greatly appreciate it. Thank you, MMMining Inviestments

You should know there's a *much* more famous stock called MMM out there already... 3m corp  https://www.google.com/finance?q=NYSE:MMM  they make Scotch Tape, Post-it Notes, and a ton of other famous products.

[bitcoinbear]

Hey Obsi, I understand that the dividend you pay you limit to 1%, and so you have built up a buffer which makes the dividend you pay steady for now, but how much variance do you see in the interest you receive day to day?

Do you plan to resume selling more bonds next week?

[EskimoBob]

Hey Obsi, I understand that the dividend you pay you limit to 1%, and so you have built up a buffer which makes the dividend you pay steady for now, but how much variance do you see in the interest you receive day to day?

Do you plan to resume selling more bonds next week?

Until he has not tested his clients ability to fork over 50536*0.1*11.65= 58 874,44 USD, he should not issue any new bonds.

 

[bitcoinbear]

Hey Obsi, I understand that the dividend you pay you limit to 1%, and so you have built up a buffer which makes the dividend you pay steady for now, but how much variance do you see in the interest you receive day to day?

Do you plan to resume selling more bonds next week?

Maybe you didn't answer my question because you missed it the past two times you updated the tread with the exact same post?

[bitcoinbear]

I receive weekly payments on Friday, and the variance is high, which is one of the reasons I keep a buffer.

If you are receiving payment once a week, why not make a weekly payment instead of a daily one?

[rynmln]

Interesting... sub.

[rynmln]

This asset isn't a huge earner for me. Overall, I've averaged perhaps 2-3 BTC per day from running it, which in my opinion has not really been worth the hassle of threats against my person, trolls, and endless questions whose answers are typically fairly easily inferred from posts already in this thread.

Well, although I'm new to this thread. I'm sure the consistent attention you pay to it is really nice for those invested. Trolls will be trolls. I prefer to gnome around.

[Chang Hum]

HOWEVER, WHAT IS YOUR BUSINESS MODEL?

He's previously stated this already in this thread!! and has also said he doesn't respond to trolls.... He's providing funds to a finance company at  an interest rate of nearly 4000% per year + his profit + the loses from converting the fiat back into hyper deflationary bitcoins = approx 10000% per year.

Why don't simple business concepts make sense to you unschooled negative trolls, it's very simple all the finance company has to do is lend money at a higher rate then they are borrowing e.g. 10010% and they make a sound legit profit.

[JoelKatz]

Why don't simple business concepts make sense to you unschooled negative trolls, it's very simple all the finance company has to do is lend money at a higher rate then they are borrowing e.g. 10010% and they make a sound legit profit.

That's not true and has been thoroughly debunked in other threads. The only people who will pay 10010% to borrow money are people who are almost certain to default.

[dust]

Why don't simple business concepts make sense to you unschooled negative trolls, it's very simple all the finance company has to do is lend money at a higher rate then they are borrowing e.g. 10010% and they make a sound legit profit.

That's not true and has been thoroughly debunked in other threads. The only people who will pay 10010% to borrow money are people who are almost certain to default.

Poe's law in action.

[dust]

Weekly update:

Note: This graph shows the maximum profit if this asset was operated like a ponzi, assuming that Obsi has been able to sell every share put up for sale to investors.

[Bitcoin Oz]

I dont always borrow money from payday lenders but when I do I pay more in interest than Ill get for working at that job for the next 12 years 

[bitcoinbear]

If you are receiving payment once a week, why not make a weekly payment instead of a daily one?

Who wants to wait a week to get paid from something high-risk? I know I don't like the suspense.

Think of all the tension building up every week... people would speculate and get antsy. Thursday would come and they'd be fidgety... maybe even distracted. Accidents would go up. They might snap at their spouse or kids. Friday mornings would be filled with what-ifs and oh-why's.

It might even taint the whole TGIF spirit.


Also: The contract states daily payouts. It's a nice test to gauge the effort required should I ever decide to make other assets have daily payouts as well. If you read through the thread, you'll see I've even dipped into my personal profits to smooth out the variance and keep daily payouts steady.

This asset isn't a huge earner for me. Overall, I've averaged perhaps 2-3 BTC per day from running it, which in my opinion has not really been worth the hassle of threats against my person, trolls, and endless questions whose answers are typically fairly easily inferred from posts already in this thread.

So, whatever the payment is on Friday is what it will be the rest of the week?