Topic: B - page 3. (Read 22007 times)
what the?!? people sold for 0.08? why not wait for goat to buy back?
because i did not want to read a hole thread just for 15 shares?
ok, I can understand that.
Am just pissed I wasn't the buyer
Ah, those were the times when one could place as many bids as one liked on GLBSE without actually having the funds for having them all filled 
what the?!? people sold for 0.08? why not wait for goat to buy back?
because i did not want to read a hole thread just for 15 shares?
Currently I am not finding greater suckers available to buy my Tygrr-Bank bonds on sale at 0.1039.
I will buy them back at .1, just like what I sold them at.
Thank you.
[/quote]
My 271 bonds are now on sale at 0.100 on GLBSE
Honestly I do not have a policy right now and I am very shocked by the demand.
*ponders situation from afar*
I have no interest either way (meaning, no money involved) however I would like to point out that a problem like this should never, ever happen. I don't know how or why this happened, but if I saw a security listed on the GLBSE with no contract, I would never look at it again. If you have a security listed on the GLBSE and it's trading and you change the contract, in the real world that is a form of fraud. Now, yes, this is bitcoin, but if bitcoin ever gets big, this kind of thing will not go unpunished. Please, people. Search your hearts and fix this the way it would be fixed in the real world, and set an example. I hate to see stuff like this ruining the credibility of bitcoin.
P.S. please try to understand my position as a member of the 99.9% of people who see this and have no idea what is going on.
If you look through the too many pages in this thread you will see TYGRR-BANK was once just listed as a test asset on GLBSE before the 8 BTC fee was imposed. I too would like a beter contract. If anyone has a problem with the contract changing within a 4 week period then purchase some insurance, or if you think the contract will change or not pay its bond payment then short TYGRR-BANK.
... your telling me how to act and how I should operate (publicly) ... does not really seem polite.
You are right. It would have been a message better delivered by PM. I'm sorry. We all know that the contract on GLBSE says "TEST". Nefario now finds this unacceptable. I have no problem with placing a contract on the GLBSE site and honestly it seems reasonable. However his solution to this was to let the forum decide my new contract.
Quote from: Nefario
I will open a thread on the bitcointalk forums to piece together what
you have promised in other threads with regards to this asset. I'm not
familiar with the details of this asset, it being such a long thread, so
I will leave it up to the members of the forum who are better informed
than me.
you have promised in other threads with regards to this asset. I'm not
familiar with the details of this asset, it being such a long thread, so
I will leave it up to the members of the forum who are better informed
than me.
Goat, I think you are too quick to read ill intent into what Nefario writes. He never said the forum would decide. The problem is, the original contract was on bitcointalk rather than GLBSE. Nefario is not wanting forum members decide the terms of the contract. There already is a contract based on what you have already promised over 13 pages of this thread. Nefario wants that to be formalised in one place.
In other news, anyone want to lend me some TyGrr-Bank bonds? I'll pay an extra 10% of any dividends paid during the lending period.
Interested why you would like to borrow the bonds? Is it for agreeing the new contract?
Phil
He wants to sell them now and buy them back later. He thinks the price will go down as Nefario has threatened to delist my assets in the past if he did not get his way. This will cause a panic and Brendio can make a lot of money.
Actually, even without any drama, I think the price will go down. Selling at current prices gives me a good few weeks for that to happen before I will lose money on it. The way I see it, I am better on being able to buy for 0.1025 again within the next four or so weeks. Someone loaning me the bonds thinks the price will stay high longer than that and can earn an extra 15% by loaning me the bonds.
For reference, I have already borrowed bonds for a different asset from znort. That one was lower risk for me because I was able to hedge. We could both win out of that deal.
First- Respect is earned, no given. Neither one of you have earned either's respect IMO. Stop demanding that someone respect you.
To get respect you must give respect.
Quote
Second- It is up to your investors to decide on the contract now. You opened your asset to be publicly traded, owned by you and your asset holders. If you didn't want that you should have kept it off the GLBSE.
The contract is determined before the sale of a contract. If someone buys a contract that says test and does not go searching what this TyGrr-Bank asset is other than reading 'test' should really not be in the business of buying unregulated and pseudoanonymous assets. Goat has stated he will give 1 week notice of changing the bond's interest rate and wrote exactly how a dissolution of the bonds would take place.
Quote
Third- Both of you, quit the bickering and deal with this spat like a couple of adults. Please do it in private as well, these threads are getting ridiculous.
Agree with this. There also needs to be a contract between GLBSE and the asset holder which can't be changed at the whim of GLBSE.
Second- It is up to your investors to decide on the contract now. You opened your asset to be publicly traded, owned by you and your asset holders. If you didn't want that you should have kept it off the GLBSE.
What strange world do you live in where you can change the terms of a bond after lending someone the money? That is in effect what you are suggesting is. If that were true, we would be a ring of loan sharks. Are you also going to suggest that a majority of shareholders can control what an ETF does? Don't forget this contract was set up on the old system where a lot less options were available (so if it were set up after the new system went live to be a bond, it obviously wouldn't have given out voting rights anyway). This story combined with the fact that you might actually believe what you are posting (and the fact that you aren't the only one) makes me want to run away from GLBSE and not even consider the new PPT series of bonds available. 
In other news, anyone want to lend me some TyGrr-Bank bonds? I'll pay an extra 10% of any dividends paid during the lending period.
Interested why you would like to borrow the bonds? Is it for agreeing the new contract?
Phil
First- Respect is earned, no given. Neither one of you have earned either's respect IMO. Stop demanding that someone respect you.
Second- It is up to your investors to decide on the contract now. You opened your asset to be publicly traded, owned by you and your asset holders. If you didn't want that you should have kept it off the GLBSE.
Third- Both of you, quit the bickering and deal with this spat like a couple of adults. Please do it in private as well, these threads are getting ridiculous.
Second- It is up to your investors to decide on the contract now. You opened your asset to be publicly traded, owned by you and your asset holders. If you didn't want that you should have kept it off the GLBSE.
Third- Both of you, quit the bickering and deal with this spat like a couple of adults. Please do it in private as well, these threads are getting ridiculous.
It is interesting that the price is now moving higher still (currently 0.106). I guess the long term prospect of the dividend is worth it? Selling at a premium of 2.5 dividend payments.
Phil
For a perpetual it would be worth it, but with Goat having the option to call this in at short notice (1 or 2 weeks from memory), they are taking on a bit of redemption risk.Phil
Yeah. They are taking a risk and really I'm shocked to see some of these prices. But it is a free market (other than Nefarios random regulations, more about his newest one later).
I guess it's because the fact that the contract on GLBSE states "tests" and the security has the word bank in its name - so it's a bit misleading as you can understand it as investing in institution instead of depositing money.
I understand it as fools and their money are easily parted.
In other news, anyone want to lend me some TyGrr-Bank bonds? I'll pay an extra 10% of any dividends paid during the lending period.
It is interesting that the price is now moving higher still (currently 0.106). I guess the long term prospect of the dividend is worth it? Selling at a premium of 2.5 dividend payments.
Phil
For a perpetual it would be worth it, but with Goat having the option to call this in at short notice (1 or 2 weeks from memory), they are taking on a bit of redemption risk.Phil
Yeah. They are taking a risk and really I'm shocked to see some of these prices. But it is a free market (other than Nefarios random regulations, more about his newest one later).
I guess it's because the fact that the contract on GLBSE states "tests" and the security has the word bank in its name - so it's a bit misleading as you can understand it as investing in institution instead of depositing money.
But it is a free market (other than Nefarios random regulations, more about his newest one later).
Goat, for the good of your business reputation, I'd advise you to get over your spat with Nefario and stop bringing it up in public all the time. It doesn't portray a good image. Regardless of who is at fault, it is better to resolve your differences through private means.Ah, that reputation.
But it is a free market (other than Nefarios random regulations, more about his newest one later).
Goat, for the good of your business reputation, I'd advise you to get over your spat with Nefario and stop bringing it up in public all the time. It doesn't portray a good image. Regardless of who is at fault, it is better to resolve your differences through private means. 
Yeah. They are taking a risk and really I'm shocked to see some of these prices. But it is a free market (other than Nefarios random regulations, more about his newest one later).
hmm.. don't leave us hanging, what's going on now?
It is interesting that the price is now moving higher still (currently 0.106). I guess the long term prospect of the dividend is worth it? Selling at a premium of 2.5 dividend payments.
Phil
For a perpetual it would be worth it, but with Goat having the option to call this in at short notice (1 or 2 weeks from memory), they are taking on a bit of redemption risk. Phil
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