. - page 23. | Bitcointalksearch.org

imsaguy

vip

Activity: 574

Merit: 500

Don't send me a pm unless you gpg encrypt it.

Quote from: Rygon on May 11, 2012, 11:25:25 PM

Since the first buyback is coming up here on Friday, is the 0.5% fee paid by the seller on the buyback price of 1.28? This would make the effective face value of 1.2736 for each bond, if I understand correctly.

Fees are rebated to the market makers. So if you have ~~bids~~asks up at 1.28, you shouldn't incur any fees.

Rygon

hero member

Activity: 520

Merit: 500

Since the first buyback is coming up here on Friday, is the 0.5% fee paid by the seller on the buyback price of 1.28? This would make the effective face value of 1.2736 for each bond, if I understand correctly.

imsaguy

vip

Activity: 574

Merit: 500

Don't send me a pm unless you gpg encrypt it.

Quote from: PatrickHarnett on May 11, 2012, 10:30:46 PM

Here's a question to those busy bidding and buying - if you're only prepared to pay 1.10 at auction, why do people pay 1.15 immediately after the auction? Wouldn't it be better to bid higher with greater certainty of having your order filled versus the regret of not having a high enough price.

I presume you bid at a level where you become indifferent between winning and losing - despite the problems with the auction today, it sounds like people were not indifferent between the two possible outcomes, and that was a deliberate strategy.

meh

PatrickHarnett

hero member

Activity: 518

Merit: 500

Here's a question to those busy bidding and buying - if you're only prepared to pay 1.10 at auction, why do people pay 1.15 immediately after the auction? Wouldn't it be better to bid higher with greater certainty of having your order filled versus the regret of not having a high enough price.

I presume you bid at a level where you become indifferent between winning and losing - despite the problems with the auction today, it sounds like people were not indifferent between the two possible outcomes, and that was a deliberate strategy.

REF

hero member

Activity: 529

Merit: 500

Quote from: PatrickHarnett on May 11, 2012, 10:12:42 PM

If it had triggered a minute early would you like it if we paid less than 1.28? I wouldn't think so.

Not the same thing but equally bad

Quote from: PatrickHarnett on May 11, 2012, 10:12:42 PM

Also, if we paid 1.295 to the bond holders, that would enrich those who did get bonds, but not help people like mousepotato who missed out.

That is a good point too.

Have to hope for things to go smoother next week.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: REF on May 11, 2012, 10:00:59 PM

I got different numbers then patrick mine are somewhat higher. Any chance you guys will come up with some "official" number the average moved by and buy back the bonds at that much more. so if your using patrick's number then buy then back at 1.295?

I was using 2 computers myself to prevent getting any errors. one I used us.glbse.com and the other I used glbse.com incase there would of been any sort of a problem. At least if its automated it can be blamed on PPT's fault.

I'm not sure of the actual movement in average price from 2:00:00 to when the sale went through. We have used our best endeavours to ensure that, given the limitations of the trading platform, that it takes place correctly.

If it had triggered a minute early would you like it if we paid less than 1.28? I wouldn't think so.
Also, if we paid 1.295 to the bond holders, that would enrich those who did get bonds, but not help people like mousepotato who missed out.

REF

hero member

Activity: 529

Merit: 500

I got different numbers then patrick mine are somewhat higher. Any chance you guys will come up with some "official" number the average moved by and buy back the bonds at that much more. so if your using patrick's number then buy then back at 1.295?

I was using 2 computers myself to prevent getting any errors. one I used us.glbse.com and the other I used glbse.com incase there would of been any sort of a problem. At least if its automated it can be blamed on PPT's fault.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: Mousepotato on May 11, 2012, 09:39:47 PM

Quote from: PatrickHarnett on May 11, 2012, 09:22:50 PM

No, it's probably not going to, but you also know the platform is a bit flaky. Also, the difference between the highest and lowest bids that cleared is quite small starting at 1.105 and going to 1.0999. So, the difference between being the highest bid and missing out is just 0.5% over the 28 days. I understand people wanting to get the lowest price, but complaining that your bid was too low on such a narrow margin doesn't really stack up.

That's not what people are complaining about here.

No, you are complaining that at the time the system was supposed to execute, it didn't. And at the same time, people were changing their bids as long as the trading platform allowed them to do so - and everybody was in the same situation. Some chose to take advantage of that, and others did not.

Mousepotato

hero member

Activity: 896

Merit: 1000

Seal Cub Clubbing Club

Quote from: PatrickHarnett on May 11, 2012, 09:22:50 PM

No, it's probably not going to, but you also know the platform is a bit flaky. Also, the difference between the highest and lowest bids that cleared is quite small starting at 1.105 and going to 1.0999. So, the difference between being the highest bid and missing out is just 0.5% over the 28 days. I understand people wanting to get the lowest price, but complaining that your bid was too low on such a narrow margin doesn't really stack up.

That's not what people are complaining about here.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: Raoul Duke on May 11, 2012, 09:25:26 PM

Yeah... You're so, so sorry that you'll just pocket the extra profits in the meantime... lol

Hi psy, it would have been interesting to see the 1600 bid miss out, along with others that were there for 400 and 600-ish that I saw. Having a 100 or so people holding bonds would have been good.

In terms of "enhanced" profit, a few minutes before show time the average was 1.104 and it went down slightly, and the 1600 @ 1.095 moving to 1.1 might have changed things a maximum0.015, but it wasn't the only bid moving in the last few minutes. The notes I took for total bids showed that by 2:01 there were 6950 and another 500 piled in after that.

Raoul Duke

legendary

Activity: 1358

Merit: 1002

Quote from: ineededausername on May 11, 2012, 09:18:47 PM

Quote from: Mousepotato on May 11, 2012, 09:17:12 PM

Quote from: PatrickHarnett on May 11, 2012, 09:15:28 PM

The timing last week was early and this week was late. The 1600 bid did move (I think twice), and so I expect there will be some annoyed people.

HOWEVER

for context there were bids for over 7400 bonds this week meaning around 5000 (two thirds) were not filled.

That doesn't exactly make me feel any better Tongue

I had that 1600 outbid fair and square at 22:00 on the dot.

We're disappointed in Nefario for his shitty infrastructure, and I know some people are angry enough that they are coming up with alternatives Wink

In the meantime, I'm very sorry, but there's nothing we can do if Nefario doesn't step up and get his act together.

Yeah... You're so, so sorry that you'll just pocket the extra profits in the meantime... lol

stochastic

hero member

Activity: 532

Merit: 500

Quote from: MrTeal on May 11, 2012, 09:10:29 PM

Quote from: stochastic on May 11, 2012, 09:09:01 PM

Quote from: REF on May 11, 2012, 09:08:14 PM

really needs to be on an automatic timer set by GLBSE. okay I lied but it did jump from 1.095 to 1.099(which it went off at) after 10pm. So it was more like .05 which does make a difference

edit: you beat me to it. auto timer is the way to go

What kind of timer is it now?

I believe one of the PPT guys probably just issues a sell order for 2500@ 1BTC as close as possible to the time, but I could be wrong.

That sucks. When I was playing around with the dev site I thought the issuer could pre-release the set number of securities then when the IPO time occurred they would be released.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: Mousepotato on May 11, 2012, 09:17:12 PM

Quote from: PatrickHarnett on May 11, 2012, 09:15:28 PM

The timing last week was early and this week was late. The 1600 bid did move (I think twice), and so I expect there will be some annoyed people.

HOWEVER

for context there were bids for over 7400 bonds this week meaning around 5000 (two thirds) were not filled.

That doesn't exactly make me feel any better Tongue

I had that 1600 outbid fair and square at 22:00 on the dot.

No, it's probably not going to, but you also know the platform is a bit flaky. Also, the difference between the highest and lowest bids that cleared is quite small starting at 1.105 and going to 1.0999. So, the difference between being the highest bid and missing out is just 0.5% over the 28 days. I understand people wanting to get the lowest price, but complaining that your bid was too low on such a narrow margin doesn't really stack up.

exahash

sr. member

Activity: 278

Merit: 250

Quote from: PatrickHarnett on May 11, 2012, 09:15:28 PM

The timing last week was early and this week was late. The 1600 bid did move (I think twice), and so I expect there will be some annoyed people.

HOWEVER

for context there were bids for over 7400 bonds this week meaning around 5000 (two thirds) were not filled.

Talk about leaving money on the table!

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: Mousepotato on May 11, 2012, 09:17:12 PM

Quote from: PatrickHarnett on May 11, 2012, 09:15:28 PM

The timing last week was early and this week was late. The 1600 bid did move (I think twice), and so I expect there will be some annoyed people.

HOWEVER

for context there were bids for over 7400 bonds this week meaning around 5000 (two thirds) were not filled.

That doesn't exactly make me feel any better Tongue

I had that 1600 outbid fair and square at 22:00 on the dot.

We're disappointed in Nefario for his shitty infrastructure, and I know some people are angry enough that they are coming up with alternatives Wink

In the meantime, I'm very sorry, but there's nothing we can do if Nefario doesn't step up and get his act together.

Mousepotato

hero member

Activity: 896

Merit: 1000

Seal Cub Clubbing Club

Quote from: PatrickHarnett on May 11, 2012, 09:15:28 PM

The timing last week was early and this week was late. The 1600 bid did move (I think twice), and so I expect there will be some annoyed people.

HOWEVER

for context there were bids for over 7400 bonds this week meaning around 5000 (two thirds) were not filled.

That doesn't exactly make me feel any better Tongue

I had that 1600 outbid fair and square at 22:00 on the dot.

PatrickHarnett

hero member

Activity: 518

Merit: 500

The timing last week was early and this week was late. The 1600 bid did move (I think twice), and so I expect there will be some annoyed people.

HOWEVER

for context there were bids for over 7400 bonds this week meaning around 5000 (two thirds) were not filled.

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: MrTeal on May 11, 2012, 09:10:29 PM

Quote from: stochastic on May 11, 2012, 09:09:01 PM

Quote from: REF on May 11, 2012, 09:08:14 PM

really needs to be on an automatic timer set by GLBSE. okay I lied but it did jump from 1.095 to 1.099(which it went off at) after 10pm. So it was more like .05 which does make a difference

edit: you beat me to it. auto timer is the way to go

What kind of timer is it now?

I believe one of the PPT guys probably just issues a sell order for 2500@ 1BTC as close as possible to the time, but I could be wrong.

That's how it is. If Burt gets a 50x server error when he goes to sell, there's not much he can do about it.

Mousepotato

hero member

Activity: 896

Merit: 1000

Seal Cub Clubbing Club

Quote from: stochastic on May 11, 2012, 09:09:01 PM

Quote from: REF on May 11, 2012, 09:08:14 PM

really needs to be on an automatic timer set by GLBSE. okay I lied but it did jump from 1.095 to 1.099(which it went off at) after 10pm. So it was more like .05 which does make a difference

edit: you beat me to it. auto timer is the way to go

What kind of timer is it now?

I believe it's triggered like this:

http://www.youtube.com/watch?v=_ve4M4UsJQo

REF

hero member

Activity: 529

Merit: 500

Quote from: stochastic on May 11, 2012, 09:09:01 PM

Quote from: REF on May 11, 2012, 09:08:14 PM

really needs to be on an automatic timer set by GLBSE. okay I lied but it did jump from 1.095 to 1.099(which it went off at) after 10pm. So it was more like .05 which does make a difference

edit: you beat me to it. auto timer is the way to go

What kind of timer is it now?

GLBSE needs an option let PPT(or any ipo) set an option to sell 2500 bonds at 22:00 and then the GLBSE server would execute it itself.

Quote from: MrTeal on May 11, 2012, 09:10:29 PM

I believe one of the PPT guys probably just issues a sell order for 2500@ 1BTC as close as possible to the time, but I could be wrong.

Thats the way I understand it as well. If thats not how it is then my apologies to those who are apart of PPT

Topic: . - page 23. (Read 67488 times)