Bjork
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Look for the bear necessities!!
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September 13, 2012, 03:31:47 PM |
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Also, I would like to add that I do think Meni is doing the best he can. Good call on freezing the asset too.
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Meni Rosenfeld (OP)
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September 13, 2012, 03:44:46 PM
Last edit: September 13, 2012, 04:20:07 PM by Meni Rosenfeld |
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I'm sure you are aware that Alberto's actions also affect your reputation as the guy doing the PR for the BDT fund. So I don't think it is wise to take this issue lightly and to state that your personal interests (trip to London) are more important than the interests of the people you encouraged to invest in BDT.
Will all due respect the Bitcoin conference is important ( especially given recent events). The BDT issues are important too but not enough to cancel my attendance, or to leave without getting anything prepared (which is where I'm headed at this rate after all the time I've spent on this). My power to affect this is fairly limited, and whatever we do the matter will not be resolved in a matter of days, so there's no point in thinking that it will and that I have no other commitments than BDT. Also, "encouraged to invest in BDT" is a bit of a stretch. I encouraged people to make their own decision. I do not agree to a buyback of 1 btc per bond. Unacceptable. If he wants to buy back at 1 btc then he can buy them on the open market, but I will not accept a forced buyback of 1 btc
I didn't say it's ok. If Alberto only pays the face value (in addition to the interest already accumulated) he won't be a man of his word, but I don't think he'd be a thief either as far as this is concerned. The worst part is it really seems like we aren't any closer to having a vehicle to hedge BTC/CurrencyX exposure  Not sure if it's the worst part, but I know, it's a bad part. You have icbit.se though. Great, yet another security is in default. If Alberto fails to repay, I would like to pursue immediate legal action. We will have to coordinate this next Wednesday when you return from London.
This possibility will be explored if Alberto fails to make significant progress. But I don't think we can expect him to repay in full in a week. |
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cytokine
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September 13, 2012, 04:59:56 PM |
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I just noticed a rather large dividend payment, so it looks like he has started the process of paying off the principle. This is very good news.
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Meni Rosenfeld (OP)
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September 13, 2012, 05:02:22 PM |
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I just noticed a rather large dividend payment, so it looks like he has started the process of paying off the principle. This is very good news.
Really? I'm not seeing anything after the 0.036. |
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cytokine
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September 13, 2012, 05:30:58 PM |
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I just noticed a rather large dividend payment, so it looks like he has started the process of paying off the principle. This is very good news.
Really? I'm not seeing anything after the 0.036. Oh, okay I didn't realize that was purely an interest payment. I thought he was beginning to pay down the principle. I misunderstood. |
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Meni Rosenfeld (OP)
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September 13, 2012, 05:31:59 PM |
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I just noticed a rather large dividend payment, so it looks like he has started the process of paying off the principle. This is very good news.
Really? I'm not seeing anything after the 0.036. Oh, okay I didn't realize that was purely an interest payment. I thought he was beginning to pay down the principle. I misunderstood. Right, anything after this particular payment will count towards principal repayment. |
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Meni Rosenfeld (OP)
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September 13, 2012, 06:11:23 PM |
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If he wants to buy back at 1 btc then he can buy them on the open market, but I will not accept a forced buyback of 1 btc
(And I see that BitDayTrade is one of the sponsors of the London conference. It's really turning into a den of iniquity, isn't it?) Well Alberto paid for the sponsorship almost two months ago, I hardly think it's the organizers' place to constantly refresh the list excluding problematic businesses. Anyway the conference is about Bitcoin enthusiasts meeting each other, these trivialities ultimately don't matter much. I hope you're still going. |
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Nefario
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September 13, 2012, 11:15:20 PM |
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Actually the conference is going to be awesome when it kicks off proper, It's just gone Friday, so a day and 1/2 left before it does and I've already met with lots of bitcoiners.
We're enjoying ourselves and getting to have those talks that...well we never get to do anywhere else because the people are not there.
This conference is going to shape the future of bitcoin.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com |
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Monster Tent
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September 14, 2012, 07:46:02 AM |
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(And I see that BitDayTrade is one of the sponsors of the London conference. It's really turning into a den of iniquity, isn't it?)
Well Alberto paid for the sponsorship almost two months ago, I hardly think it's the organizers' place to constantly refresh the list excluding problematic businesses. I completely agree. I'm just observing the irony that three of the conference sponsors are considered by many to be in disgrace. I'm totally looking forward to the weekend. I wonder who will get a shoe thrown at them first. |
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dopamine
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September 14, 2012, 06:27:40 PM |
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How long does it take to get a scammer tag? No replies from emails and No updates...
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Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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Nefario
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September 14, 2012, 10:32:40 PM |
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I met Meni for a few minutes this evening, I'll be talking to him tomorrow at the conference much longer about this. It a very good thing he came.
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PGP key id at pgp.mit.edu 0xA68F4B7C To get help and support for GLBSE please email support@glbse.com |
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Bjork
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Look for the bear necessities!!
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September 15, 2012, 12:48:46 AM |
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How long does it take to get a scammer tag? No replies from emails and No updates...
? there was an update yesterday and dividends were paid recently |
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cytokine
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September 15, 2012, 01:16:02 AM |
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there was an update yesterday and dividends were paid recently
True. Although I am not happy that Alberto has defaulted, I want to take this time to thank Meni for the level of communication and professionalism that he has shown with this issue. Will definitely do business with Meni in the future  |
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Eisenhower34
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September 15, 2012, 02:46:50 AM |
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I want to take this time to thank Meni for the level of communication and professionalism that he has shown with this issue. Will definitely do business with Meni in the future Lets see first how this thing works out... |
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MPOE-PR
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September 15, 2012, 03:00:27 AM |
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Oh, looky, it's Meni trying to talk his way out of having helped a bunch of people lose a bunch of money on some "investment" of his, all the while pretending like "there isn't a btc/fiat hedging vehicle".
While you circlejerks are doing pretty much nothing at all and making a lot of noise about it, MPEx traded about 100k option contracts last month. That would be significantly more than your aggregated net worth. Think about that for a second... actually, think about that for the hour and a half lunch takes to arrive.
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ciuciu
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September 16, 2012, 01:38:48 AM |
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Oh, looky, it's Meni trying to talk his way out of having helped a bunch of people lose a bunch of money on some "investment" of his, all the while pretending like "there isn't a btc/fiat hedging vehicle".
While you circlejerks are doing pretty much nothing at all and making a lot of noise about it, MPEx traded about 100k option contracts last month. That would be significantly more than your aggregated net worth. Think about that for a second... actually, think about that for the hour and a half lunch takes to arrive.
What is MPEx? |
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ianspain
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September 16, 2012, 03:33:42 PM |
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thank fuck i got out of this one!!!!!!!!
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BlockChain Capital
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cytokine
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September 17, 2012, 12:56:36 AM |
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thank fuck i got out of this one!!!!!!!!
Agreed. I hope he makes a large payment soon so I can begin reallocating this capital. The problem with going to zero interest is that it doesn't provide him incentive to repay rapidly. |
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fcmatt
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September 17, 2012, 02:02:03 AM |
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3% weekly. Lol. Where have i heard this type of thing before? Sounds like if you get your one btc back per... Count your blessings and shut up. Investments like "this" is only available in candy land with flying pigs. Only took a couple of months for this to start collapsing.
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Bitcoin Oz
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September 17, 2012, 02:09:14 AM |
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3% weekly. Lol. Where have i heard this type of thing before? Sounds like if you get your one btc back per... Count your blessings and shut up. Investments like "this" is only available in candy land with flying pigs. Only took a couple of months for this to start collapsing.
Its been collapsing from the first day |
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