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Topic: [GLBSE] BDT - 3% weekly interest bond, backed by Bitdaytrade - page 26. (Read 57771 times)

hero member
Activity: 686
Merit: 500
Wat
Anyone, please ignore those speculators bid, the situation is going to be cleared up very soon. I'm currently waiting for Nefario to come up with some sort of communication with me. It seems that the freezing of BDT wasn't even worth a phone call, as i didn't receive any from him. I'm waitin for further contact, for now i've just received an email stating that i am connected with REBATE IPO and i'm liable for fraud and similar stuffs.
First of all, i would like to clarify that i've developed REBATE and Kronos.io during a timeframe of partnership with Jonathan Ryan Owens, the actuator of REBATE IPO, and the recipient of most of the 5000 bitcoin raised from that operation. The last time we spoked about this he said he was going to buy back all shares from investors, so i believe that's what will be happening. I'm not accusing anyone of running with customer funds.
As for what concerns me personally, i'm an entrepreneur and web developer, and it's normal for me to have multiple projects running at the same time. I do no think i have done any wrong doing and i should not be held responsible for an asset that i even don't own on my account. BDT is an healthy security with dividends paid fully until now. I see no reasons for keeping my account frozen.

Thank you
Alberto Armandi
Founder - Bitdaytrade Ltd
+393421048844


Lets hope he sticks to his word but he has been incommunicado for weeks.
donator
Activity: 1064
Merit: 1000
There are no reason to panic guys!
Albertos assets are just locked until Nefario knows what's going on, this is only a short term thing it will not effect BDT or Albertos ability to pay you guys, To be honest I think Albertos assets should not have been frozen as he has been up front with me and wanting to finish this situation in a nice way. He has keep in touch and has been willing to compromise. So I feel it's a bit unfair but I guess Nefario didn't have a choice, as he needs to lock the assets for investigation.
I would also be happy to buy anyone that wants to panic sell Wink pm me
//DeaDTerra
sr. member
Activity: 287
Merit: 250
Anyone, please ignore the speculators bids, the situation is going to be cleared up very soon. I'm currently waiting for Nefario to come up with some sort of communication with me. It seems that the freezing of BDT wasn't even worth a phone call, as i didn't receive any from him. I'm waitin for further contact, for now i've just received an email stating that i am connected with REBATE IPO and i'm liable for fraud and similar stuffs.
First of all, i would like to clarify that i've developed REBATE and Kronos.io during a timeframe of partnership with Jonathan Ryan Owens, the actuator of REBATE IPO, and the recipient of most of the 5000 bitcoin raised from that operation. The last time we spoked about this he said he was going to buy back all shares from investors, so i believe that's what will be happening. I'm not accusing anyone of running with customer funds.
As for what concerns me personally, i'm an entrepreneur and web developer, and it's normal for me to have multiple projects running at the same time. I do no think i have done any wrong doing and i should not be held responsible for an asset that i even don't own on my account. BDT is an healthy security with dividends paid fully until now. I see no reasons for keeping my account frozen.

Thank you
Alberto Armandi
Founder - Bitdaytrade Ltd
+393421048844
sr. member
Activity: 364
Merit: 250
firstbits 1LoCBS
I'll buy BDT shares now from trustworthy people (via PGP-signed futures contracts) @ 0.6 BTC per share.

I bid 0.7 BTC per bond, quantity 125.

trustworthy; signature; etc.
administrator
Activity: 5222
Merit: 13032
I'll buy BDT shares now from trustworthy people (via PGP-signed futures contracts) @ 0.6 BTC per share.
donator
Activity: 2058
Merit: 1054
The issuer contacted and trading of this asset has been frozen until further notice.

All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer bitdaytrade

Nefario
Is this issuer also JRO, Jonathan Ryan Owens?
The issuer of BDT is Alberto Armandi, not JRO.
sr. member
Activity: 364
Merit: 250
firstbits 1LoCBS
The issuer contacted and trading of this asset has been frozen until further notice.

All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer bitdaytrade

Nefario

Is this issuer also JRO, Jonathan Ryan Owens?

donator
Activity: 2058
Merit: 1054
I'm trying to figure out what is the problem.

(or xx% Alberto, xx% Meni - I have no idea).
I have 0% equity in Bitdaytrade.
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer bitdaytrade

I'm confused, what was the issue with this asset?
REBATE is 50% JRO, 50% Alberto. BDT is 100% Alberto. REBATE and Zip.A have effectively been non-functioning with no communication from the Issuer, which I assume is the reason for the freeze. BDT, I suspect, has been frozen due to guilt by association.

Not really able to say more until I hear back from the asset issuers. As I said in my above post, I hope to get this resolved as soon as possible.
donator
Activity: 1218
Merit: 1015
All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer bitdaytrade

I'm confused, what was the issue with this asset?
REBATE is 50% JRO, 50% Alberto. BDT is 100% Alberto (or xx% Alberto, xx% Meni - I have no idea). REBATE and Zip.A have effectively been non-functioning with no communication from the Issuer, which I assume is the reason for the freeze. BDT, I suspect, has been frozen due to guilt by association.
donator
Activity: 289
Merit: 250
All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer bitdaytrade

I'm confused, what was the issue with this asset?
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
The issuer contacted and trading of this asset has been frozen until further notice.

All attempts will be made to resolve this issue as soon as possible but is dependent on the issuer bitdaytrade

Nefario
donator
Activity: 2058
Merit: 1054
If any of the investors wish to try out the platform that will generate the income for this bond, please PM me about joining the private beta of BTC/USD trading.
donator
Activity: 164
Merit: 100
bit of a biatch for me as I wanted to purchase another 200  Huh Huh Huh Huh Huh
donator
Activity: 2058
Merit: 1054
IPO shares are sold out
They are indeed. Thank you to all investors.
donator
Activity: 164
Merit: 100
IPO shares are sold out
sr. member
Activity: 252
Merit: 250
Just want to throw this out there: it's not a ponzi, it's a high-interest loan. If it were a ponzi scheme, the issuer would run away with the money once all of the IPO shares were sold, because paying interest would only reduce the total takeaway and there will not be any other shares issued. If it is a ponzi, then there is absolutely no incentive to pay dividends once all of the bonds are sold. So... wait for dividends, then invest.

Would be easy to wait and see, was it not that as soon as IPO shares will be sold out, next ask is 11% higher... I guess I'll take the risk Smiley
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
Just want to throw this out there: it's not a ponzi, it's a high-interest loan. If it were a ponzi scheme, the issuer would run away with the money once all of the IPO shares were sold, because paying interest would only reduce the total takeaway and there will not be any other shares issued. If it is a ponzi, then there is absolutely no incentive to pay dividends once all of the bonds are sold. So... wait for dividends, then invest.
donator
Activity: 2058
Merit: 1054
I mean, its only your word here that hes trustworthy while you dont have to lose anything by saying that...
I have plenty to lose. Even with all the disclaimers I expect that my reputation will take a hit if something bad happens after I endorsed him. Also, I am very heavily personally financially invested in Alberto; I don't think sharing the exact numbers is appropriate.

It means that the investors take the risk here,
Of course. It stands to reason that the person standing to gain 3% weekly + recall penalty will take a risk.

so he should verify to them.
We can consider disclosing details in private to serious inquirers. But the premise is that I am somewhat trusted and if I say that I received a photo ID scan then I received a photo ID scan, and if I say that he received a physical letter I mailed to his address then he received a physical letter I mailed to his address - so public investors can be spared the trouble of doing it themselves.

On the one hand you say hes trustworthy but on the other hand you say that you dont trust him enough to offer a personal commitment too or not?
Neither trust nor money are boolean variables. I trust him enough to risk (reputation hit + personal investment) but not enough to risk 10K BTC. If I was 100% certain of his willingness and ability to pay I'd just give him the 10K BTC myself.

I dont want you to offer personal commitment now, i just say that its easier to convice someone who "doesnt care" than someone who puts his own money on the line Smiley
As mentioned I also have my own money on the line. And getting 3% weekly interest for it.

facebook / likedin / email address which could have been setuped in 30min
Facebook account dates back to February 2010, don't know how to check this for Linkedin but I expect around the same and he has 161 connections. That's not something you spoof overnight.

but Phone number and home address unverified :/
And phone number can't be spoofed? Nefario's address verification isn't rigorous anyway, and I've verified his mail address.

and the photoid ... 30 min photoshop work or an id from somone else?
He's probably going to the London conference so you'll have a chance to verify his ID in person.

maybe he should verify there his phone and home address too?
We'll look into it but his identity is not the weakest link here, I don't think there's any reasonable doubt that he is who he says he is. The question is how committed he is to upholding the contract; as mentioned, based on my communication with him I believe he is very committed, but there's no way for me to know with absolute certainty.

It means who are his friends, do they represent any bigger company? would they trade bigger amounts of cash on bitcointrade? do they perhaps run any successfull websites so they can give "advice" on running this margin trading website? Or run a bigger investment board where he could get free advertising to boost the site?
I doubt they have the credentials you seek.

If he would only want 100 BTC i wouldnt care much but for 10k BTC I (dont know if the rest doesnt) expect a nice strip from him to proof that my money is save...
You're welcome to ask questions, but in the end every potential investor will take the available information and make his own decisions. There's no way to rigorously prove that your money is safe, and commenting on lack of such proof isn't helpful.
legendary
Activity: 906
Merit: 1002
The short story is that he [...] has founded the failed startups Enso and Wozad.

Doesnt sound promising :/

and your word about that he is verified with GLBSE, Mt. Gox and yourself doesnt help when you dont offer a personal commitment to cover Alberto's obligations...
This makes no sense, if I had offered a personal commitment there would be no need for Alberto to verify with anyone.

I mean, its only your word here that hes trustworthy while you dont have to lose anything by saying that... It means that the investors take the risk here, so he should verify to them. On the one hand you say hes trustworthy but on the other hand you say that you dont trust him enough to offer a personal commitment too or not?
I dont want you to offer personal commitment now, i just say that its easier to convice someone who "doesnt care" than someone who puts his own money on the line Smiley

while i cannot check if he is really verified with GLBSE
Of course you can, https://glbse.com/asset/view/BDT, "Verification".

facebook / likedin / email address which could have been setuped in 30min but Phone number and home address unverified :/ and the photoid ... 30 min photoshop work or an id from somone else? ... I dont want to bitch here but he wants 10,000 BTC ... maybe he should verify there his phone and home address too?

What experience does he has? Who are his friends? what experience do they have? all a bit wishy-washy
I don't understand the purpose of this line of inquiry or even how it can be meaningfully answered, but I'll check if more information can be made public.

The funds don't need to be raised all at once so you can watch the progress of https://bitdaytrade.com before making any investment decisions.

It means who are his friends, do they represent any bigger company? would they trade bigger amounts of cash on bitcointrade? do they perhaps run any successfull websites so they can give "advice" on running this margin trading website? Or run a bigger investment board where he could get free advertising to boost the site?

You have proof that no bank is already the real owner?
No and I don't think it really matters. I'm not sure there's a meaningful way to legally force Alberto to commit his assets to paying GLBSE bondholders (and even if there is we have not pursued it), so you're relying on his word that he will pay out. If you think he's lying about the assets then he's also lying about paying and then it doesn't matter if he owns the assets or not.

Thats why I ask ... I could also say that I own the Eiffel Tower or the Buckingham Palace but without proof its only his word here...

an independennt rating from Patrick Harnett's seems a good idea.
I'm not sure what Patrick's procedures are but I assume it will be based mostly on data that we provide, so it may not be the independent confirmation that you are looking for.

I hope its a bit harder to get a good rating from him, like calling banks for liquidity / notarially certified copy of the entry in the land register to proof ownership / account statement send by mail (not only a "faked" photo)... In germany for example i would call special institutes for credibility ratings...

If he would only want 100 BTC i wouldnt care much but for 10k BTC I (dont know if the rest doesnt) expect a nice strip from him to proof that my money is save...
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