Topic: . - page 5. (Read 67488 times)
Are you planning to call PPT.E earlier that the original maturity date 8/25/12?
No. PPT.E, PPT.A and PPT.B will all run to their expiry. At this stage there is not a reason to change that.
How about PPT.D? It should mature in a few minutes...
PPT.D will be paid in approximately 59 minutes - the funds have been sitting there for a while.
Everything looks good. Thank you PatrickHarnett.
My favorite zeros are gone for good. Now what?
I need to find my coins a new home where they can earn interest. I am not trading those so they can stay put for extended time. PatrickHarnett, if you have something with dividend reinvestment plan, let me know.
Cheers!
How about mining bonds?
That's ok - I thought it wise to make a post over in the Starfish thread.
The September reference was to something else, but that's not compounding, and version #1 is currently closed. Kraken#2 will be September.
The September reference was to something else, but that's not compounding, and version #1 is currently closed. Kraken#2 will be September.
Yeah, that part I understood. I just noticed that you did not mention Starfish BCB when asked about compounding interest opportunities, hence my question. Thanks for explaining.
Probably because I didn't read EB's post properly - it's been a fairly busy day the past 12 hours since I got up.
Still, it's been an interesting day and it'll take a couple of days for things to settle down.
That's ok - I thought it wise to make a post over in the Starfish thread.
The September reference was to something else, but that's not compounding, and version #1 is currently closed. Kraken#2 will be September.
The September reference was to something else, but that's not compounding, and version #1 is currently closed. Kraken#2 will be September.
Yeah, that part I understood. I just noticed that you did not mention Starfish BCB when asked about compounding interest opportunities, hence my question. Thanks for explaining.
Hmm? Is Starfish BCB closed?
What an odd question.
It's taken a few hits today, but still operating quite happily.
Eskimo asked about compounding interest opportunities that you provided, and you stated that he would have to wait until September.
Unless I misread your thread, Starfish BCB gives 1% per week automatically compounding interest:
Deposits
PM me for a deposit address - this will be your unique account address. You also need to provide a repayment address.
Deposits will pay 1.0% per week and compound by default. Calculation is 1.010^(#days/7)
PM me for a deposit address - this will be your unique account address. You also need to provide a repayment address.
Deposits will pay 1.0% per week and compound by default. Calculation is 1.010^(#days/7)
That's why I asked, my apologies for the lack of clarity.
Hmm? Is Starfish BCB closed?
What an odd question.
It's taken a few hits today, but still operating quite happily.
How about PPT.D? It should mature in a few minutes...
PPT.D will be paid in approximately 59 minutes - the funds have been sitting there for a while.
Everything looks good. Thank you PatrickHarnett.
My favorite zeros are gone for good. Now what?
I need to find my coins a new home where they can earn interest. I am not trading those so they can stay put for extended time. PatrickHarnett, if you have something with dividend reinvestment plan, let me know.
Cheers!
Actually, due to a simple "refresh" issue the buyback was about 9 minutes past the hour. Three more buybacks and a couple of Div payments to make.
As for future, you'll have to wait for Kraken Fund #2 to open for availability in September.
Hmm? Is Starfish BCB closed?
How about PPT.D? It should mature in a few minutes...
PPT.D will be paid in approximately 59 minutes - the funds have been sitting there for a while.
Everything looks good. Thank you PatrickHarnett.
My favorite zeros are gone for good. Now what?
I need to find my coins a new home where they can earn interest. I am not trading those so they can stay put for extended time. PatrickHarnett, if you have something with dividend reinvestment plan, let me know.
Cheers!
Actually, due to a simple "refresh" issue the buyback was about 9 minutes past the hour. Three more buybacks and a couple of Div payments to make.
As for future, you'll have to wait for Kraken Fund #2 to open for availability in September.
How about PPT.D? It should mature in a few minutes...
PPT.D will be paid in approximately 59 minutes - the funds have been sitting there for a while.
Everything looks good. Thank you PatrickHarnett.
My favorite zeros are gone for good. Now what?
I need to find my coins a new home where they can earn interest. I am not trading those so they can stay put for extended time. PatrickHarnett, if you have something with dividend reinvestment plan, let me know.
Cheers!
How about PPT.D? It should mature in a few minutes...
PPT.D will be paid in approximately 59 minutes - the funds have been sitting there for a while.
Did BurtW know something you didn't?
Sucks you just bought 100% stake then this...
Sucks you just bought 100% stake then this...
No.
This is going to cost me about 2500 coins at a guess, but there are also a lot of PPT.DIV holders that are going to see the value of their holdings go to zero so I also feel sorry for them. The intention was to run it for many more months, but the risk profile was always there.
I will be following the contract, and I have not worked out how much this will cost me yet.
(and obviously today's sale is off.)
Contract
In the event that BS&T stops payments and returns the principal and interest to date or changes its terms and conditions so that the intended pass through of interest is either stopped, pays lower interest or at a schedule that does not align with the PPT bonds the bonds will still be redeemed for their full face value on their scheduled redemption date. PPT and the above mentioned backers will cover any shortfalls from the capital reserves of PPT.
(and obviously today's sale is off.)
Contract
In the event that BS&T stops payments and returns the principal and interest to date or changes its terms and conditions so that the intended pass through of interest is either stopped, pays lower interest or at a schedule that does not align with the PPT bonds the bonds will still be redeemed for their full face value on their scheduled redemption date. PPT and the above mentioned backers will cover any shortfalls from the capital reserves of PPT.
In the event that BS&T stops payments and returns the principal and interest to date or changes its terms and conditions so that the intended pass through of interest is either stopped, pays lower interest or at a schedule that does not align with the PPT bonds the bonds will still be redeemed for their full face value on their scheduled redemption date. PPT and the above mentioned backers will cover any shortfalls from the capital reserves of PPT.
Although I seem to remember this originally saying they would initiate a buyback for the fair value at that point. I guess clarification is in order (and GLBSE seems to be swamped with people trying to dump their bonds, so that makes seeing the actual contract difficult). Pirate40 closed the shop and returns money to investors. How are you going to handle this?
Probably the way their contract says they will handle it...At the moment looks like Pirate is NOT defaulting but just closing the shop and returning all the invested coin with earned interest back to his investors.
In this case, we can expect the bonds to retire as usual and some probably get called earlier.
Can the bond issuer please confirm this.
Quote
Bitcoin Savings and Trust | Home | Closed
November 03, 2011, 11:14:09 PM
#1
After much consideration, I’ve decided to close down Bitcoin Savings & Trust.
Why?
The decision was based on the general size and overall time required to manage the transactions. As the fund grew there were larger and larger coin movements which put strain on my reserve accounts and ultimately caused delays on withdraws and the inability to fund orders within my system. On the 14th I made a final attempt to relieve pressure off the system by reducing the rates I offered for deposits. In a perfect world this would allow me to hold more coins in reserve outside the system, but instead it only exponentially increased the amount of withdrawals overnight causing mass panic from many of my lenders.
So now what?
I’ve spoken with my clients over the last week and come to an agreement that would allow me to close down my operation within a week. Currently my reserve (operating wallets) are drained from fulfilling the withdraw spree that happened after the rate drop announcement. All withdraws at this point will be delayed until Monday when the shutdown process begins..
At this point I will no longer accept deposits. Any coins sent into the system as of now will be returned immediately.
When will I get my coins?
Starting Monday I’ll begin systematically closing and withdrawing accounts as coins are transferred. I don't expect the entire process to last longer than a week. The moment your account is closed you’ll receive your coins plus any interest accrued up to the hour it was sent.
Thanks
I’d like to thank all of my lenders and PPT operators that were a key element in making Bitcoin Savings & Trust a success. Bitcoin has grown a lot since I started this and want you to know that you were a vital part in helping it grow.
Now, I have a lot of work to do. Stay Tuned
-pirate
BTW, this is all bitlane’s fault. (j/k you nut)
November 03, 2011, 11:14:09 PM
#1
After much consideration, I’ve decided to close down Bitcoin Savings & Trust.
Why?
The decision was based on the general size and overall time required to manage the transactions. As the fund grew there were larger and larger coin movements which put strain on my reserve accounts and ultimately caused delays on withdraws and the inability to fund orders within my system. On the 14th I made a final attempt to relieve pressure off the system by reducing the rates I offered for deposits. In a perfect world this would allow me to hold more coins in reserve outside the system, but instead it only exponentially increased the amount of withdrawals overnight causing mass panic from many of my lenders.
So now what?
I’ve spoken with my clients over the last week and come to an agreement that would allow me to close down my operation within a week. Currently my reserve (operating wallets) are drained from fulfilling the withdraw spree that happened after the rate drop announcement. All withdraws at this point will be delayed until Monday when the shutdown process begins..
At this point I will no longer accept deposits. Any coins sent into the system as of now will be returned immediately.
When will I get my coins?
Starting Monday I’ll begin systematically closing and withdrawing accounts as coins are transferred. I don't expect the entire process to last longer than a week. The moment your account is closed you’ll receive your coins plus any interest accrued up to the hour it was sent.
Thanks
I’d like to thank all of my lenders and PPT operators that were a key element in making Bitcoin Savings & Trust a success. Bitcoin has grown a lot since I started this and want you to know that you were a vital part in helping it grow.
Now, I have a lot of work to do. Stay Tuned
-pirate
BTW, this is all bitlane’s fault. (j/k you nut)
Pirate40 closed the shop and returns money to investors. How are you going to handle this?
Probably the way their contract says they will handle it... Jump to: