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Topic: [BDK] - Liquidating, Permanent Closure - - page 4. (Read 16730 times)

donator
Activity: 1218
Merit: 1015
From 5/7 (after paying dividend to shareholders) to 5/10, I'm going on vacation (and by vacation, I mean going a couple towns over to a trailer without reliable Internet access to stay with family). Fair warning. Will likely have access to email, no access to wallets. Trip cancelled - nevermind.


Cheers!
donator
Activity: 1218
Merit: 1015
BDK will be handling escrow between SgtSpike & Junaid. SgtSpike is selling a website to Junaid. Waiting on a payment address from SgtSpike. Can accept the escrow funds @ 1DTE17dL6yeEHJCTDgwH43AcXsUv6djf1W.

Escrow sheet is @ https://docs.google.com/spreadsheet/pub?key=0Ao892S4MOoDZdGZSbjJVd1ZTbFVLZE5aRE95bE91NVE&gid=9 and will be updated as progress is made.


Cheers!
Junaid has sent the agreed-upon 198BTC. http://blockchain.info/tx-index/4670234/68ea1d8b78e4da49afa6ce0be8529833bb13d46232992afda6a609c3c55f4a85
SgtSpike has begun transfer of digital goods to Junaid. Waiting on Junaid to give green light, now. Estimated to take ~ a couple days for transfer to complete.


Cheers!

ETA: Since I now have four active escrow deals going on, it's very possible sellers will be paid "out of order." Since oldest coins are paid out first, this will likely cause addresses to pay the "wrong" seller. Don't be alarmed if you see the coins sent to a wallet sent to an escrow address going out before you've released your coins from escrow -- I still have them in the escrow wallet. If you really want to check, take a look at my spreadsheet and the different TxIDs I have listed. They should add up to to the transaction amounts for the four active escrow deals, +-.1BTC I keep in the wallet as a "fee buffer."
donator
Activity: 1218
Merit: 1015
BDK will be handling escrow between SgtSpike & Junaid. SgtSpike is selling a website to Junaid. Waiting on a payment address from SgtSpike. Can accept the escrow funds @ 1DTE17dL6yeEHJCTDgwH43AcXsUv6djf1W.

Escrow sheet is @ https://docs.google.com/spreadsheet/pub?key=0Ao892S4MOoDZdGZSbjJVd1ZTbFVLZE5aRE95bE91NVE&gid=9 and will be updated as progress is made.


Cheers!
Junaid has sent the agreed-upon 198BTC. http://blockchain.info/tx-index/4670234/68ea1d8b78e4da49afa6ce0be8529833bb13d46232992afda6a609c3c55f4a85
donator
Activity: 1218
Merit: 1015
BDK will be handling escrow between SgtSpike & Junaid. SgtSpike is selling a website to Junaid. Waiting on a payment address from SgtSpike. Can accept the escrow funds @ 1DTE17dL6yeEHJCTDgwH43AcXsUv6djf1W.

Escrow sheet is @ https://docs.google.com/spreadsheet/pub?key=0Ao892S4MOoDZdGZSbjJVd1ZTbFVLZE5aRE95bE91NVE&gid=9 and will be updated as progress is made.


Cheers!
donator
Activity: 1218
Merit: 1015
OP updated to reflect current status.

I am also looking for $5k USD in personal loans (all these loans/"CDs" are, in fact, personal loans) for myself (to be repaid in USD, of course). There will be a 96D commitment required. Minimum amount per individual lender = $500. Pays 2% every 32 days. I reserve the right to pay off principal + interest at any time prior (assuming it isn't the due date, in which case I must pay). However, if I pay early, the full amount of interest will be paid. Payment will only be accepted in DwollaUSD or GoxUSD. Paypal can be too-easily reversed, wires are expensive, and ACH transfers & checks take too long. However, if you want to do checks or ACH, that's acceptable so long as it's understood the start date doesn't occur until I have the money in Dwolla.

192D loans pay 2.2% per 32 days on otherwise identical terms.

384D loans pay 2.35% per 32 days.

PM me if interested. ID & utility bill can be provided, but I'm too cheap & lazy to get a promissory note. I'll send you an agreement via email if you'd like, however.

Example: Send me $1k GoxUSD for 96D. On 32nd day, I pay you $20. On 64th day, I pay you $20. On 71st day, I decide it's a good time to pay the loan off and send you $1020 to close the loan.
Still seeking new USD deposits. $2k fulfilled. Looking to take on an additional $4k GoxUSD or PPUSD, with a preference for PPUSD. Will no longer take DwollaUSD due to new rules they've implemented. Since their rules cut off my ability to cheaply transfer cash within a reasonable time-frame, I will now very grudgingly be using these loans exclusively for PPUSD & bankUSD loans/investments. Rate has been increased to 2.25%/32D for a 96D commitment, 2.4%/32D for a 192D commitment, 2.5%/32D for a 384D commitment.


I also have a smallish amount (~$1k USD, ~300BTC) to lend for those interested in simple loans. ETA: Sorry -- I don't update this thread as often as I should. Will pay it more attention after the IPO tomorrow. Already lent out everything I have and funds are committed to pending loans until ~ the end of May unless I receive a bunch of large deposits.
hero member
Activity: 532
Merit: 500
I'm now a probationary member in the DCAO.
DCAO?

DCAO   Debt Collection Assistance Officer (US DoD TRICARE)
DCAO   Deputy Chief Administrative Officer (various locations)
DCAO   Departamento de Ciencias de la Atmósfera y los Océanos (Spanish: Department of Atmospheric and Oceanic Sciences; Argentina)
DCAO   Defence Counsel Association of Ottawa (Canada)

Huh

Quote
For more information on how you can contribute to the DCAO and to apply for membership, e-mail [email protected]
donator
Activity: 1218
Merit: 1015
I'm now a probationary member in the DCAO.
DCAO?

DCAO   Debt Collection Assistance Officer (US DoD TRICARE)
DCAO   Deputy Chief Administrative Officer (various locations)
DCAO   Departamento de Ciencias de la Atmósfera y los Océanos (Spanish: Department of Atmospheric and Oceanic Sciences; Argentina)
DCAO   Defence Counsel Association of Ottawa (Canada)

Huh
http://dcao.org/
hero member
Activity: 518
Merit: 500
I'm now a probationary member in the DCAO.
DCAO?

DCAO   Debt Collection Assistance Officer (US DoD TRICARE)
DCAO   Deputy Chief Administrative Officer (various locations)
DCAO   Departamento de Ciencias de la Atmósfera y los Océanos (Spanish: Department of Atmospheric and Oceanic Sciences; Argentina)
DCAO   Defence Counsel Association of Ottawa (Canada)

Huh
donator
Activity: 1218
Merit: 1015
Suddenly, everything changes.

Yesterday, on top of two business loans to review with our group, I'm now a probationary member in the DCAO. Holy balls are there a lot of projects in need of funding.

I'm pleased to announce a set date to get entirely out of Pirate. June 1st, we're out. Entirely. Never to re-enter. CD rates will be much lower, but depositors can see exactly what kinds of exciting projects they're helping grow, and investors who are fearful of Pirate defaulting? Again, June 1st, we're out entirely. A large withdrawal will occur on May 19th. Along with the help of IPO funds being raised, BDK will finally transition to something entirely business-oriented.
newbie
Activity: 42
Merit: 0
Fucked up the name but I'll be linking everyone to this thread so they can check you out!

Hope you enjoy the video here is the link: http://www.youtube.com/watch?v=D7-mmax-tJY
newbie
Activity: 42
Merit: 0
BDK I think you are doing an awesome service to help start up bitcoin companies.

I hope it would be appropriate to release a video in my locale garnering support for the bitcoin loan cause and also to help build interest in your ipo.

I will be releasing this video free of charge.
donator
Activity: 1218
Merit: 1015
BDK IPO a smidge over a week away. Will reconcile spreadsheets & OP when I wake up tomorrow (also need to make sure the Google spreadsheet is updating -- would be a real disappointment to use such a limited tool just to be able to share it publicly, then find out it isn't even sharing properly). Lots of changes in the past few days, and more tomorrow. Will likely move "WGSE" into the BDK equities portfolio as it's become a more complicated partnership. Will have a link, soon. Another equity I haven't talked about is also at a critical point in development (mostly, what to do with it) and may be showing returns & giving me a fair idea of a trajectory within a month.


Spreadsheets may be prettied up and have junk removed within a few days, too, so it looks a little less... kludgey prior to the IPO.


Currently have some USD to loan if there's any interested, too. Cheers!
donator
Activity: 1218
Merit: 1015
CD rate changed again as a few CDs didn't renew. The current rate is 5%/32D, 11%/63D.

As well, the minimum and maximum amounts have been changed. Previously: min - 10BTC, max - 300BTC. Currently: min - 50BTC, max - 1000BTC.


Also very interested in hearing business ideas. https://bitcointalksearch.org/topic/business-loansinvestment-1k-or-more-btc-available-per-application-77647
sr. member
Activity: 335
Merit: 250
I've received as many deposits as I'd like for now.

Can't wait for this to change, spent the morning reading up on your information over coffee.
donator
Activity: 1218
Merit: 1015
The Currency Risk Insurance nobody asks for has been updated to reflect the higher price of Bitcoins and lower CD interest rates. Tier 5 Insurance (the one everybody's given by default) has not been changed.
donator
Activity: 1218
Merit: 1015
I've received as many deposits as I'd like for now.

CDs will now pay 4%/32D, 9%/63D, likely at least until ~ the end of May. I'm not sure whether or not it will increase or decrease in rate at that time -- depends on how loans are doing and how many people renew and how the public offering of BDK monthly profit goes.

The rate change does NOT affect active CDs, and CDs may be renewed at the rate they were originally given at. For most, this is 5%/32D after the rate of all CDs was increased retroactively a month or so ago. Any rate above 5.5%/32D or 12%/63D is NOT permitted to be renewed at that rate (if currently active, however, they'll obviously still pay that at date of maturity). If you have CDs out above that rate, I am willing to renew @ 5.5%/32D or 12%/63D, but not a hundredth of a % higher.

There will be some major shifts in loan diversity in the next few months. Increasingly, I'm getting out of Pirate (will be reduced to 500-1000 BTC on June first -- there's currently ~1.1k with him which isn't insured by a middle-man - total loans out equal ~3.2k), and have interest in buying IPOs again. By lowering CD rates and relying more on selling BDK profits in the future, I'm hoping BDK will be able to offer more reasonable rates to well-known producers.
donator
Activity: 1218
Merit: 1015
First, if anyone missed it, I'm offering a portion of "BDK" up for sale. https://bitcointalksearch.org/topic/glbse-its-finally-happening-bdk-will-be-on-glbse-on-5212-76628 Around the beginning of May, I'll keep shareholders and users more separate, with only changes affecting lendees and depositors here, while masturbatory information will be presented to shareholders in the GLBSE thread.

Next, I've added the ability for the spreadsheets to fairly easily track gains and losses through equities, including dividends, though I'm not going to post every single dividend transaction, but instead go off the GLBSE log every few days and add in non-GLBSE dividends. I posted hashing rigs a while back as equities -- the 5850 about breaks even @ what I pay for electricity, so I'm not going to bother even counting mining income from that. To compensate, I will not factor in expenses in running the Icarus boards.

With all that sorted, I'd also like to announce BDK equity is in excess of 3k BTC, monthly profits are almost touching 100BTC, and monthly %RoE is at a record high, >3% (well... in fairness, that's because I started including equity profits, but we did start the month with >80BTC in debt write-offs, so.... still pleasing to announce!).


And finally - another reminder CDs @ 5.5%/32D won't last much longer (... hopefully). Still seeking 800BTC in deposits.
donator
Activity: 1218
Merit: 1015
Hi Kluge,

200 BTC sent to:
1QGKCXjzgUFCgP5uJvghmaApwkK88r7eii
200BTC CD starts 4/11/12 and matures to be worth 225BTC on 6/13/12

Repayment address:
142DZ66NBHUn6FyBogQa6xjvPREi9HznzQ

Please confirm, cheers!
Confirmed. Thanks.  Smiley
vip
Activity: 99
Merit: 15
Hi Kluge,

200 BTC sent to:
1QGKCXjzgUFCgP5uJvghmaApwkK88r7eii
200BTC CD starts 4/11/12 and matures to be worth 225BTC on 6/13/12

Repayment address:
142DZ66NBHUn6FyBogQa6xjvPREi9HznzQ

Please confirm, cheers!
donator
Activity: 1218
Merit: 1015
USD loan likely covered. Continuing to push for the BTC loans. 200 deposited, looking for 800 more, then rates will be significantly lowered.
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