Topic: [GLBSE] BDT - 3% weekly interest bond, backed by Bitdaytrade - page 24. (Read 57771 times)

looks like some good news:

"Bitcoin margin trading public beta opens to all customers. August 14, 2012"

https://bitdaytrade.com/

What does any credit rating agency do? Keep records of bad loans so future lenders or investors can make informed decisions.

And what will Bitcoin Credit Rating Agency do ?

Ok, I apologize for that remark.

me too

My personal confidence in GLBSE has increased as the result of the way this was handled.

This is evidence that Nefario takes his responsibility very seriously.

ZIP.A will remain frozen, the funds recovered from REBATE will not be paid out to ZIP.A, bitdaytrade have been excellent through this whole ordeal and I commend him.

All that's waiting now is to hear back from JRO if at all, failing that he will be the first person to be listed on the Bitcoin Credit Rating Agency, all his information that GLBSE has, and all the BTC he has run off with will be made public (this was agreed to by him when he was verified on GLBSE).

I'm sorry for any confusion over the last couple of days, we couldn't release much information while these things were ongoing.

Nefario.

After an IRC chat with Nefario we had clarified my position and I'm now able to release further updates. The reason that caused BDT freeze in first place is my involvement with Jonathan Ryan Owens (read JRO from here on), rebate IPO and suspicious funds management practices. It did not came without reasons and i believe in fact that Nefario just did the right choice the protect GLBSE market integrity. Some time ago i was working with JRO on some projects, and it was decided to hold an IPO on GLBSE for (malware). At that time i was not fond of how GLBSE worked and didn't have time to investigate as i was busy with development, so i've trusted JRO to handle the IPO and funds on my behalf entirely. At some point i said i needed money for all the work i was doing, and got sent about 1000 BTC out of the rebate funds. I never knew the total amount raised, and didn't feel it was necessary to investigate. I have later learned that a total of 5000 bitcoin were raised. My relationship with JRO was interrupted shortly after, because of diverse reasons. After we parted ways JRO enquired me a number of times about taking the lead on the rebate project but we didn't reach an agreement. I was never enquired about profitability of the site or any financial detail. At this point, i have no idea where the rest of the funds raised from the sale of rebate bonds are gone, or if they have been exchanged to hard currency. Nefario transferred the totality of bonds to my account, i'll determinate the exact amount of bitcoin i got from JRO in the context of this project, and proceed with paying that amount back to investors through dividend payments in a unique solution. This was determined to be the best solution until we know how much can be recovered from JRO. Kudos to Nefario for handling matters in a professional way.

BDT trading is resumed since it was also determined that the asset has no involvement with this incident, and that there are no threats for GLBSE users. I'll proceed to execute dividends payment in the next hours. We won't pay late fees as it was determined that this incident is not directly caused by us.

UPDATE
This week dividends paid out fully

Bests
Alberto Armandi
BDT

Woohoo!

Nefario: At first I was pissed about the freeze, but now after reading your post in the REBATE thread I see there's a good reason here - I didn't realize there was some recoverable capital in the REBATE issuer's account. I won't doubt your decisions again.

BTW, since REBATE is going to remain frozen and potentially go into liquidation, will you also do the same process for ZIP.A which hasn't paid dividends either?

Alberto: Can we expect dividends today?

Thanks guys for working this out.

BDT has been unfrozen, bitdaytrade has been very helpful in getting this mess sorted out. He can explain things from here.

Nefario.

You're wife is at the scene of a crime, and has been taken to the police station for questioning, and later released.

+1

Your wife is in prison, I can't really tell you why but don't worry, we'll send her back sooner or later and you can be a happy couple exactly as before, you're not losing anything...

Losing out what, exactly? Dividends? Ability to sell on secondary market?

It's quite obvious that all BDT shares were sold.

Now only shareholders lose from lockdown. Issuer loses nothing, and gains an excuse to delay dividends.

We rarely if ever freeze an asset (usually at the request of the asset issuer), and never do so without good cause, while this is getting worked out we're not able to talk about what is happening in public.

It's certainly unfair to call us/me a bully when all we're trying to do is make GLBSE as good as possible for all to use. If we do nothing it turns into a ghetto, if we do too much we kill off good projects, it's a fine line for us to thread and we're doing the best we can.

I myself have been unable to get online since early yesterday until now when I started to get first communications from other parties.

As I have stated before, we're working to get this taken care of as soon as possible.

The asset is frozen, which means that there is no trading happenin, so shareholders are not going to be losing out.

Nefario.

Are dividends going to be paid today on schedule or is the asset still locked?

What is the point of having a secondary market if traders react on rumors?

Him who? Nefario or Alberto?

I'm sure I'm not alone in my desire to either have this resolved, or getting a lot more information than we have now.

I've been pushing him to get this dealt with, but have also been having a hard time getting in touch with him today.

We can't share the details yet but so far Nefario has been very cryptic and unresponsive.