El Cabron (OP)
Gnomo
VIP
Hero Member
 Offline
Activity: 840
Merit: 1000
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August 03, 2012, 08:04:42 PM
Last edit: October 18, 2012, 08:44:57 AM by Chaang Noi (Goat) ช้างน้อย |
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PI
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Francesco
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August 04, 2012, 02:06:50 PM |
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I could create a "100% insured" PPT myself: all I have to do is put face value at 0, and sell at 1...  Also, nice try to make what you subtract seem negligible by expressing it in "per one" instead of percent  |
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sgravina
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August 06, 2012, 03:45:30 PM |
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1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there? |
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Raize
Donator
Legendary
Offline
Activity: 1419
Merit: 1015
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August 06, 2012, 04:43:10 PM |
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Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there?
Uhh... That's not how these things work... |
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dust
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August 06, 2012, 04:53:32 PM |
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1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there? Nice try... |
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Gladamas
Sr. Member
Offline
Activity: 294
Merit: 250
Bitcoin today is what the internet was in 1998.
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August 06, 2012, 07:16:11 PM |
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1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there? Hahaha, good try though  |
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Rygon
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August 06, 2012, 09:58:49 PM |
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1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there? "Shiver me timbers"? |
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Bitcoin Oz
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August 08, 2012, 01:25:34 AM |
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Got a pic of the coin ?  |
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1474
LEALANA Bitcoin Grim Reaper
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August 09, 2012, 05:30:38 AM |
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How many left? Are only 500 so far purchased?
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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wirmola
Member
Offline
Activity: 111
Merit: 10
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August 10, 2012, 09:58:11 AM |
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we need more of these!! I only got 4 of them..  |
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racerguy
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August 10, 2012, 02:23:48 PM |
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I'm confused does the bond pay 5.5% of 1btc or 1.55btc?
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Winterfrost
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August 10, 2012, 02:28:42 PM |
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I'm confused does the bond pay 5.5% of 1btc or 1.55btc?
It pays on the face value, so 5.5% of 1btc. |
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puffn
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August 11, 2012, 03:01:11 AM |
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Nice job Goat for monetizing his offline bitcoin. The capitalist in me loves you for it.
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brendio
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August 11, 2012, 10:24:38 PM |
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I will post a pic of the coin soon. More of them are on sale now, Sorry traveling Aren't you supposed to be on a mountain somewhere doing goatee things? Greetings from Berlin, by the way. |
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Scott J
Legendary
Offline
Activity: 1792
Merit: 1000
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August 12, 2012, 12:01:57 PM |
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I am pretty clueless when it comes to GLBSE to please excuse my ignorance here...
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC?
Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it.
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Winterfrost
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August 12, 2012, 12:21:16 PM |
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I am pretty clueless when it comes to GLBSE to please excuse my ignorance here...
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC?
Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it.
Looking at it that way, I believe the interest calculation would be: (0.055/1.55) = 3.548% And the insurance calculation: (1/1.55) = 64.516% which is the amount insured of your initial payment. I could be totally off though, so maybe someone else can jump in and explain the math better. |
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Scott J
Legendary
Offline
Activity: 1792
Merit: 1000
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August 12, 2012, 12:26:42 PM |
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I am pretty clueless when it comes to GLBSE to please excuse my ignorance here...
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC?
Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it.
Looking at it that way, I believe the interest calculation would be: (0.055/1.55) = 3.548% And the insurance calculation: (1/1.55) = 64.516% which is the amount insured of your initial payment. I could be totally off though, so maybe someone else can jump in and explain the math better. Thank you, that makes much more sense to me. I wish GLBSE assets could be listed in simpler terms |
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gigantic
Member
Offline
Activity: 89
Merit: 10
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August 12, 2012, 06:03:51 PM |
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Can i take 500btc worth of bonds? Let me know !  |
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dust
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August 12, 2012, 11:17:40 PM |
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Bond face value is 1 BTC.
If BTCST defaults the bond will be worth 1 BTC.
If BTCST does not default the bond will be worth 1 BTC.
Does this mean if pirate shuts down his operation and returns everyone's money, you only buy back at 1BTC? |
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Bitcoin Oz
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August 12, 2012, 11:20:49 PM |
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Bond face value is 1 BTC.
If BTCST defaults the bond will be worth 1 BTC.
If BTCST does not default the bond will be worth 1 BTC.
Does this mean if pirate shuts down his operation and returns everyone's money, you only buy back at 1BTC? Yes. |
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