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Author Topic: PI  (Read 13706 times)
El Cabron (OP)
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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
 #1

PI

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
Francesco
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August 04, 2012, 02:06:50 PM
 #2

I could create a "100% insured" PPT myself: all I have to do is put face value at 0, and sell at 1...  Tongue

Also, nice try to make what you subtract seem negligible by expressing it in "per one" instead of percent  Cheesy
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August 06, 2012, 03:45:30 PM
 #3

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?
Raize
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August 06, 2012, 04:43:10 PM
 #4

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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August 06, 2012, 04:53:32 PM
 #5

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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August 06, 2012, 07:16:11 PM
 #6

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 Wink

1GLADMZ5tL4HkS6BAWPfJLeZJCDHAd9Fr3 - LQ6Zx8v7fHVBiDX5Lmhbp6oEDB7dUFjANu
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August 06, 2012, 09:58:49 PM
 #7

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"?
Bitcoin Oz
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August 08, 2012, 01:25:34 AM
 #8

Got a pic of the coin ?   Smiley

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August 09, 2012, 05:30:38 AM
 #9

How many left? Are only 500 so far purchased?

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
wirmola
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August 10, 2012, 09:58:11 AM
 #10

we need more of these!! I only got 4 of them.. Undecided
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August 10, 2012, 02:23:48 PM
 #11

I'm confused does the bond pay 5.5% of 1btc or 1.55btc?
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August 10, 2012, 02:28:42 PM
 #12

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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August 11, 2012, 03:01:11 AM
 #13

Nice job Goat for monetizing his offline bitcoin. The capitalist in me loves you for it.

Looking for safe diversification? YABIF: Good Returns, Low Fees, Low Risk.

GLBSE
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August 11, 2012, 10:24:38 PM
 #14

I will post a pic of the coin soon.

More of them are on sale now, Sorry traveling Smiley




Aren't you supposed to be on a mountain somewhere doing goatee things?

Greetings from Berlin, by the way. Smiley

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August 12, 2012, 12:01:57 PM
 #15

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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August 12, 2012, 12:21:16 PM
 #16

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.

Scott J
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August 12, 2012, 12:26:42 PM
 #17

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 Smiley
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August 12, 2012, 06:03:51 PM
 #18

Can i take 500btc worth of bonds?

Let me know ! Roll Eyes
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August 12, 2012, 11:17:40 PM
 #19

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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August 12, 2012, 11:20:49 PM
 #20

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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