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Topic: [GLBSE] BDT - 3% weekly interest bond, backed by Bitdaytrade - page 17. (Read 57962 times)

donator
Activity: 164
Merit: 100
thank fuck i got out of this one!!!!!!!!
donator
Activity: 588
Merit: 500
Oh, looky, it's Meni trying to talk his way out of having helped a bunch of people lose a bunch of money on some "investment" of his, all the while pretending like "there isn't a btc/fiat hedging vehicle".

While you circlejerks are doing pretty much nothing at all and making a lot of noise about it, MPEx traded about 100k option contracts last month. That would be significantly more than your aggregated net worth. Think about that for a second... actually, think about that for the hour and a half lunch takes to arrive.

What is MPEx?
hero member
Activity: 756
Merit: 522
Oh, looky, it's Meni trying to talk his way out of having helped a bunch of people lose a bunch of money on some "investment" of his, all the while pretending like "there isn't a btc/fiat hedging vehicle".

While you circlejerks are doing pretty much nothing at all and making a lot of noise about it, MPEx traded about 100k option contracts last month. That would be significantly more than your aggregated net worth. Think about that for a second... actually, think about that for the hour and a half lunch takes to arrive.
legendary
Activity: 906
Merit: 1002
I want to take this time to thank Meni for the level of communication and professionalism that he has shown with this issue. Will definitely do business with Meni in the future Smiley

Lets see first how this thing works out...
donator
Activity: 224
Merit: 100
there was an update yesterday and dividends were paid recently

True.

Although I am not happy that Alberto has defaulted, I want to take this time to thank Meni for the level of communication and professionalism that he has shown with this issue. Will definitely do business with Meni in the future Smiley
sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
How long does it take to get a scammer tag? No replies from emails and No updates...

?

there was an update yesterday and dividends were paid recently
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
I met Meni for a few minutes this evening, I'll be talking to him tomorrow at the conference much longer about this. It a very good thing he came.
hero member
Activity: 486
Merit: 500
How long does it take to get a scammer tag? No replies from emails and No updates...
full member
Activity: 238
Merit: 100
(And I see that BitDayTrade is one of the sponsors of the London conference. It's really turning into a den of iniquity, isn't it?)
Well Alberto paid for the sponsorship almost two months ago, I hardly think it's the organizers' place to constantly refresh the list excluding problematic businesses.
I completely agree. I'm just observing the irony that three of the conference sponsors are considered by many to be in disgrace.

I'm totally looking forward to the weekend.

I wonder who will get a shoe thrown at them first.
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
Actually the conference is going to be awesome when it kicks off proper, It's just gone Friday, so a day and 1/2 left before it does and I've already met with lots of bitcoiners.

We're enjoying ourselves and getting to have those talks that...well we never get to do anywhere else because the people are not there.

This conference is going to shape the future of bitcoin.
donator
Activity: 2058
Merit: 1054
If he wants to buy back at 1 btc then he can buy them on the open market, but I will not accept a forced buyback of 1 btc
(And I see that BitDayTrade is one of the sponsors of the London conference. It's really turning into a den of iniquity, isn't it?)
Well Alberto paid for the sponsorship almost two months ago, I hardly think it's the organizers' place to constantly refresh the list excluding problematic businesses.

Anyway the conference is about Bitcoin enthusiasts meeting each other, these trivialities ultimately don't matter much. I hope you're still going.
donator
Activity: 2058
Merit: 1054
I just noticed a rather large dividend payment, so it looks like he has started the process of paying off the principle. This is very good news.
Really? I'm not seeing anything after the 0.036.

Oh, okay I didn't realize that was purely an interest payment. I thought he was beginning to pay down the principle. I misunderstood.
Right, anything after this particular payment will count towards principal repayment.
donator
Activity: 224
Merit: 100
I just noticed a rather large dividend payment, so it looks like he has started the process of paying off the principle. This is very good news.
Really? I'm not seeing anything after the 0.036.

Oh, okay I didn't realize that was purely an interest payment. I thought he was beginning to pay down the principle. I misunderstood.
donator
Activity: 2058
Merit: 1054
I just noticed a rather large dividend payment, so it looks like he has started the process of paying off the principle. This is very good news.
Really? I'm not seeing anything after the 0.036.
donator
Activity: 224
Merit: 100
I just noticed a rather large dividend payment, so it looks like he has started the process of paying off the principle. This is very good news.
donator
Activity: 2058
Merit: 1054
I'm sure you are aware that Alberto's actions also affect your reputation as the guy doing the PR for the BDT fund. So I don't think it is wise to take this issue lightly and to state that your personal interests (trip to London) are more important than the interests of the people you encouraged to invest in BDT.
Will all due respect the Bitcoin conference is important (especially given recent events). The BDT issues are important too but not enough to cancel my attendance, or to leave without getting anything prepared (which is where I'm headed at this rate after all the time I've spent on this). My power to affect this is fairly limited, and whatever we do the matter will not be resolved in a matter of days, so there's no point in thinking that it will and that I have no other commitments than BDT.

Also, "encouraged to invest in BDT" is a bit of a stretch. I encouraged people to make their own decision.

I do not agree to a buyback of 1 btc per bond.  Unacceptable.  If he wants to buy back at 1 btc then he can buy them on the open market, but I will not accept a forced buyback of 1 btc
I didn't say it's ok. If Alberto only pays the face value (in addition to the interest already accumulated) he won't be a man of his word, but I don't think he'd be a thief either as far as this is concerned.

The worst part is it really seems like we aren't any closer to having a vehicle to hedge BTC/CurrencyX exposure Sad
Not sure if it's the worst part, but I know, it's a bad part. You have icbit.se though.

Great, yet another security is in default. If Alberto fails to repay, I would like to pursue immediate legal action. We will have to coordinate this next Wednesday when you return from London.
This possibility will be explored if Alberto fails to make significant progress. But I don't think we can expect him to repay in full in a week.
sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
Also, I would like to add that I do think Meni is doing the best he can.  Good call on freezing the asset too.
donator
Activity: 224
Merit: 100
hero member
Activity: 700
Merit: 500
The worst part is it really seems like we aren't any closer to having a vehicle to hedge BTC/CurrencyX exposure Sad
sr. member
Activity: 457
Merit: 250
Look for the bear necessities!!
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