Closing - page 2. | Bitcointalksearch.org

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: rynmln on September 21, 2012, 03:00:28 PM

Quote from: Chang Hum on September 21, 2012, 02:50:38 PM

Quote from: ?? on ??

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.

I went to try and sell out some of my HRPT before the weekend, and I noticed that someone was trying to sell over 10,000 shares at or below 0.1.

o_O

I placed some asks but wow, no one is buying. I would have thought people would step in like mad and buy a few shares but I guess someone knows something I don't :/

That it's a collapsing ponzi scheme?

It's only a matter of time... I wish we could short securities on GLBSE.

You can, If you find someone willing to lend them to you

rynmln

newbie

Activity: 49

Merit: 0

Quote from: Chang Hum on September 21, 2012, 02:50:38 PM

Quote from: ?? on ??

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.

I went to try and sell out some of my HRPT before the weekend, and I noticed that someone was trying to sell over 10,000 shares at or below 0.1.

o_O

I placed some asks but wow, no one is buying. I would have thought people would step in like mad and buy a few shares but I guess someone knows something I don't :/

That it's a collapsing ponzi scheme?

It's only a matter of time... I wish we could short securities on GLBSE.

Chang Hum

hero member

Activity: 714

Merit: 502

Quote from: ?? on ??

Today's daily coupon has been paid @ 1% of IPO price.

Thank you.

I went to try and sell out some of my HRPT before the weekend, and I noticed that someone was trying to sell over 10,000 shares at or below 0.1.

o_O

I placed some asks but wow, no one is buying. I would have thought people would step in like mad and buy a few shares but I guess someone knows something I don't :/

That it's a collapsing ponzi scheme?

rynmln

newbie

Activity: 49

Merit: 0

Quote from: ?? on ??

This asset isn't a huge earner for me. Overall, I've averaged perhaps 2-3 BTC per day from running it, which in my opinion has not really been worth the hassle of threats against my person, trolls, and endless questions whose answers are typically fairly easily inferred from posts already in this thread.

So... you're done?

Francesco

sr. member

Activity: 252

Merit: 250

Quote from: dust on September 19, 2012, 12:40:15 AM

Quote from: JoelKatz on September 19, 2012, 12:38:55 AM

Quote from: Chang Hum on September 19, 2012, 12:37:11 AM

Why don't simple business concepts make sense to you unschooled negative trolls, it's very simple all the finance company has to do is lend money at a higher rate then they are borrowing e.g. 10010% and they make a sound legit profit.

That's not true and has been thoroughly debunked in other threads. The only people who will pay 10010% to borrow money are people who are almost certain to default.

Poe's law in action.

Indeed!

bitcoinbear

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

Quote from: bitcoinbear on September 18, 2012, 11:35:24 PM

If you are receiving payment once a week, why not make a weekly payment instead of a daily one?

Who wants to wait a week to get paid from something high-risk? I know I don't like the suspense.

Think of all the tension building up every week... people would speculate and get antsy. Thursday would come and they'd be fidgety... maybe even distracted. Accidents would go up. They might snap at their spouse or kids. Friday mornings would be filled with what-ifs and oh-why's.

It might even taint the whole TGIF spirit.

Also: The contract states daily payouts. It's a nice test to gauge the effort required should I ever decide to make other assets have daily payouts as well. If you read through the thread, you'll see I've even dipped into my personal profits to smooth out the variance and keep daily payouts steady.

This asset isn't a huge earner for me. Overall, I've averaged perhaps 2-3 BTC per day from running it, which in my opinion has not really been worth the hassle of threats against my person, trolls, and endless questions whose answers are typically fairly easily inferred from posts already in this thread.

So, whatever the payment is on Friday is what it will be the rest of the week?

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

I dont always borrow money from payday lenders but when I do I pay more in interest than Ill get for working at that job for the next 12 years

dust

hero member

Activity: 840

Merit: 1000

Weekly update:

Note: This graph shows the maximum profit if this asset was operated like a ponzi, assuming that Obsi has been able to sell every share put up for sale to investors.

dust

hero member

Activity: 840

Merit: 1000

Quote from: JoelKatz on September 19, 2012, 12:38:55 AM

Quote from: Chang Hum on September 19, 2012, 12:37:11 AM

Why don't simple business concepts make sense to you unschooled negative trolls, it's very simple all the finance company has to do is lend money at a higher rate then they are borrowing e.g. 10010% and they make a sound legit profit.

That's not true and has been thoroughly debunked in other threads. The only people who will pay 10010% to borrow money are people who are almost certain to default.

Poe's law in action.

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

Quote from: Chang Hum on September 19, 2012, 12:37:11 AM

Why don't simple business concepts make sense to you unschooled negative trolls, it's very simple all the finance company has to do is lend money at a higher rate then they are borrowing e.g. 10010% and they make a sound legit profit.

That's not true and has been thoroughly debunked in other threads. The only people who will pay 10010% to borrow money are people who are almost certain to default.

Chang Hum

hero member

Activity: 714

Merit: 502

Quote from: HorseRider on September 12, 2012, 11:09:38 PM

HOWEVER, WHAT IS YOUR BUSINESS MODEL?

He's previously stated this already in this thread!! and has also said he doesn't respond to trolls.... He's providing funds to a finance company at an interest rate of nearly 4000% per year + his profit + the loses from converting the fiat back into hyper deflationary bitcoins = approx 10000% per year.

Why don't simple business concepts make sense to you unschooled negative trolls, it's very simple all the finance company has to do is lend money at a higher rate then they are borrowing e.g. 10010% and they make a sound legit profit.

rynmln

newbie

Activity: 49

Merit: 0

Quote from: ?? on ??

This asset isn't a huge earner for me. Overall, I've averaged perhaps 2-3 BTC per day from running it, which in my opinion has not really been worth the hassle of threats against my person, trolls, and endless questions whose answers are typically fairly easily inferred from posts already in this thread.

Well, although I'm new to this thread. I'm sure the consistent attention you pay to it is really nice for those invested. Trolls will be trolls. I prefer to gnome around.

rynmln

newbie

Activity: 49

Merit: 0

Interesting... sub.

bitcoinbear

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

I receive weekly payments on Friday, and the variance is high, which is one of the reasons I keep a buffer.

If you are receiving payment once a week, why not make a weekly payment instead of a daily one?

bitcoinbear

hero member

Activity: 518

Merit: 500

Quote from: bitcoinbear on September 16, 2012, 07:57:34 AM

Hey Obsi, I understand that the dividend you pay you limit to 1%, and so you have built up a buffer which makes the dividend you pay steady for now, but how much variance do you see in the interest you receive day to day?

Do you plan to resume selling more bonds next week?

Maybe you didn't answer my question because you missed it the past two times you updated the tread with the exact same post?

EskimoBob

legendary

Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: bitcoinbear on September 16, 2012, 07:57:34 AM

Hey Obsi, I understand that the dividend you pay you limit to 1%, and so you have built up a buffer which makes the dividend you pay steady for now, but how much variance do you see in the interest you receive day to day?

Do you plan to resume selling more bonds next week?

Until he has not tested his clients ability to fork over 50536*0.1*11.65= 58 874,44 USD, he should not issue any new bonds.

bitcoinbear

hero member

Activity: 518

Merit: 500

Hey Obsi, I understand that the dividend you pay you limit to 1%, and so you have built up a buffer which makes the dividend you pay steady for now, but how much variance do you see in the interest you receive day to day?

Do you plan to resume selling more bonds next week?

exahash

sr. member

Activity: 278

Merit: 250

Quote from: kilcondlost on September 14, 2012, 11:21:58 AM

Quote from: ineededausername on July 05, 2012, 12:28:45 AM

Quote from: humanitee on July 04, 2012, 07:25:04 PM

Links to "they" and what "they" do are preferable!

probably MMM... lol

Hey just wanted to say that I run the stock MMM and I am assuming you are referring tot he Russian Ponzi scheme that took place but please try and reference that as at the time of launching I had no idea about that other wise I would have never used the name Money Maker Mining as my title. I beg you though with all my heart please do not say anything bad about MMM without specifying which you are talking about. I mean no insult by this and I understand you meant no harm. Thank you and once again I would greatly appreciate it. Thank you, MMMining Inviestments

You should know there's a *much* more famous stock called MMM out there already... 3m corp https://www.google.com/finance?q=NYSE:MMM they make Scotch Tape, Post-it Notes, and a ton of other famous products.

kilcondlost

full member

Activity: 140

Merit: 100

Quote from: ineededausername on July 05, 2012, 12:28:45 AM

Quote from: humanitee on July 04, 2012, 07:25:04 PM

Links to "they" and what "they" do are preferable!

probably MMM... lol

Hey just wanted to say that I run the stock MMM and I am assuming you are referring tot he Russian Ponzi scheme that took place but please try and reference that as at the time of launching I had no idea about that other wise I would have never used the name Money Maker Mining as my title. I beg you though with all my heart please do not say anything bad about MMM without specifying which you are talking about. I mean no insult by this and I understand you meant no harm. Thank you and once again I would greatly appreciate it. Thank you, MMMining Inviestments

dust

hero member

Activity: 840

Merit: 1000

Quote from: The00Dustin on September 14, 2012, 10:07:34 AM

Quote from: EskimoBob on September 14, 2012, 09:44:57 AM

Obsi, can you do a simple liquidity test of your client(s) by simply withdrawing all ~~your~~ investors cash and converting it back to BTC?

If it's used to purchase debt as previously indicated, how could that liquidity exist? Why would they pay this kind of interest to sit on cash?

A better question is: Why would they pay this kind of interest to do anything?

Topic: Closing - page 2. (Read 20643 times)