Dividend was paid out at 21:02, 0.025 BTC per bond!
//DeaDTerra
Topic: [GLBSE] GIPPT Delisting 100% paid. - page 14. (Read 19309 times)
hey guys!
only 3 hours and 28 minutes left until the dividend is going to be paid out!
So go get the last bonds while you can
Only 700 left!
//DeaDTerra
only 3 hours and 28 minutes left until the dividend is going to be paid out!
So go get the last bonds while you can
Only 700 left!
//DeaDTerra
1400 bonds left 
//DeaDTerra
//DeaDTerra
Get you bonds today!, First dividend will go out on Wednesday
That's 2,5% in 3 days
only 1600 Bonds left!
//DeaDTerra
That's 2,5% in 3 days
only 1600 Bonds left!
//DeaDTerra
only 1700 Bonds left!
Go get them while you can
//DeaDTerra
Go get them while you can
//DeaDTerra
Something is missing in the contract: the case of pirateat40 simply stopping his fund and reimbursing the principal. In this case, you should add that you will place a bid at face value for every bond. Right now, if pirateat40 choses to stop his operation without defaulting, the bonds become worthless while you can keep all the invested money.
Also, it would be great to let people the possibility to buy out if the interet rates drop too much. For example, for a change of more of 0.5 points, you should place a bid at face value for every bond for at least two weeks.
Of course if pirate stops paying interest but he pays out the whole amount deposited with him. Then I will buy back the bond for 1 BTC each Also, it would be great to let people the possibility to buy out if the interet rates drop too much. For example, for a change of more of 0.5 points, you should place a bid at face value for every bond for at least two weeks.
I would ofc not keep the invested money if pirate stopped paying out, that would be silly. The face value of the bonds would still be 1 BTC and I would buy them back.
I can't keep ask walls up all the time, sorry. I think it's best if the market decided what the bonds are worth in case where pirate changes his rates.
To keep 5000 BTC on GLBSE for 2 weeks is simply not possible, or convenient.
//DeaDTerra
Something is missing in the contract: the case of pirateat40 simply stopping his fund and reimbursing the principal. In this case, you should add that you will place a bid at face value for every bond. Right now, if pirateat40 choses to stop his operation without defaulting, the bonds become worthless while you can keep all the invested money.
Also, it would be great to let people the possibility to buy out if the interet rates drop too much. For example, for a change of more of 0.5 points, you should place a bid at face value for every bond for at least two weeks.
Also, it would be great to let people the possibility to buy out if the interet rates drop too much. For example, for a change of more of 0.5 points, you should place a bid at face value for every bond for at least two weeks.
The following contract has been signed by the two parties involved
Imsaguy also has to notify me if INAU has requested a cancel of the Deposit, to make sure that we have enough backing for the bonds. Also if ImsaGuy defaults then INAU is still responsible for the backing and insurance.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
...
-----END PGP SIGNATURE-----
TL;DR: There aren't 5k coins in escrow.Imsaguy also has to notify me if INAU has requested a cancel of the Deposit, to make sure that we have enough backing for the bonds. Also if ImsaGuy defaults then INAU is still responsible for the backing and insurance.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
...
-----END PGP SIGNATURE-----
INAU bets that pirate will not default within the time where the deposit doesn't cover the full backing (after a couple of months with interest it will), If pirate defaults before the full amount is covered in the deposit then INAU will pay the difference, exactly the same as if IMSAguy defaults
//DeaDTerra
//DeaDTerra
The following contract has been signed by the two parties involved
Imsaguy also has to notify me if INAU has requested a cancel of the Deposit, to make sure that we have enough backing for the bonds. Also if ImsaGuy defaults then INAU is still responsible for the backing and insurance.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
...
-----END PGP SIGNATURE-----
TL;DR: There aren't 5k coins in escrow.Imsaguy also has to notify me if INAU has requested a cancel of the Deposit, to make sure that we have enough backing for the bonds. Also if ImsaGuy defaults then INAU is still responsible for the backing and insurance.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
...
-----END PGP SIGNATURE-----
INAU bets that pirate will not default within the time where the deposit doesn't cover the full backing (after a couple of months with interest it will), If pirate defaults before the full amount is covered in the deposit then INAU will pay the difference, exactly the same as if IMSAguy defaults
//DeaDTerra
Logic question.
Supposedly, someone offers to lock up 5k in escrow and then insure 5k pirate coins with it, paying 2.5% interest to customers on them. If the same person were to just place the 5k into BS&T and take the whole interest himself, he would never have more risk, but always more profit.
I don't see why anyone would make such an offer.
INAU does this through some very smart accounting Supposedly, someone offers to lock up 5k in escrow and then insure 5k pirate coins with it, paying 2.5% interest to customers on them. If the same person were to just place the 5k into BS&T and take the whole interest himself, he would never have more risk, but always more profit.
I don't see why anyone would make such an offer.
Which makes it more profitable to do this insurance then it would be for him to directly invest in Pirate. I can not give away the details of course, but trust me I have seen the math it works out
Btw where is my micon sign of approval? I haven't gotten one yet
//DeaDTerra
so I gave a half assed answer.
//DeaDTerra
The following contract has been signed by the two parties involved
Imsaguy also has to notify me if INAU has requested a cancel of the Deposit, to make sure that we have enough backing for the bonds. Also if ImsaGuy defaults then INAU is still responsible for the backing and insurance.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
...
-----END PGP SIGNATURE-----
TL;DR: There aren't 5k coins in escrow. Imsaguy also has to notify me if INAU has requested a cancel of the Deposit, to make sure that we have enough backing for the bonds. Also if ImsaGuy defaults then INAU is still responsible for the backing and insurance.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
...
-----END PGP SIGNATURE-----
Logic question.
Supposedly, someone offers to lock up 5k in escrow and then insure 5k pirate coins with it, paying 2.5% interest to customers on them. If the same person were to just place the 5k into BS&T and take the whole interest himself, he would never have more risk, but always more profit.
I don't see why anyone would make such an offer.
INAU does this through some very smart accounting Supposedly, someone offers to lock up 5k in escrow and then insure 5k pirate coins with it, paying 2.5% interest to customers on them. If the same person were to just place the 5k into BS&T and take the whole interest himself, he would never have more risk, but always more profit.
I don't see why anyone would make such an offer.
Which makes it more profitable to do this insurance then it would be for him to directly invest in Pirate. I can not give away the details of course, but trust me I have seen the math it works out
Btw where is my micon sign of approval? I haven't gotten one yet
//DeaDTerra
Logic question.
Supposedly, someone offers to lock up 5k in escrow and then insure 5k pirate coins with it, paying 2.5% interest to customers on them. If the same person were to just place the 5k into BS&T and take the whole interest himself, he would never have more risk, but always more profit.
I don't see why anyone would make such an offer.
INAU does this through some very smart accounting Supposedly, someone offers to lock up 5k in escrow and then insure 5k pirate coins with it, paying 2.5% interest to customers on them. If the same person were to just place the 5k into BS&T and take the whole interest himself, he would never have more risk, but always more profit.
I don't see why anyone would make such an offer.
Which makes it more profitable to do this insurance then it would be for him to directly invest in Pirate. I can not give away the details of course, but trust me I have seen the math it works out
Btw where is my micon sign of approval? I haven't gotten one yet
//DeaDTerra
This answer worries me. It just doesn't make sense like Vandroiy pointed out. No way to clarify this? I don't see how everyone is buying this, but not wondering why the hell anyone would offer this?!
The following contract has been signed by the two parties involved
Imsaguy also has to notify me if INAU has requested a cancel of the Deposit, to make sure that we have enough backing for the bonds. Also if ImsaGuy defaults then INAU is still responsible for the backing and insurance.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
- -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
This contract is a loan provided by ineededausername to imsaguy.
(1) Addresses
ineededausername - 112N78zVYPairAzsBZgejEaob7gE8CenW7
imsaguy - 1CntCXtyq2kFiYpFwpua2k2XaKdHffLz2A
(2) Terms
3750 BTC was provided to imsaguy's designated address on August 2, 2012. In return, imsaguy shall pay 9% interest on every 2nd day of a month to ineededausername's designated address. The principal will be returned if one of the following happens:
(a) imsaguy, having provided 2 weeks' notice, requests that the loan be terminated on the 2nd of some month.
(b) ineededausername, having provided 2 weeks' notice, requests that the loan be terminated on the 2nd of some month.
(3) Collateralization
This debt shall be used as collateral for DeaDTerra's GIPPT (Insured Pirate Passthrough) bond. In case ineededausername defaults on that debt, imsaguy must pay as much principal and interest (up to the current principal and interest due) as necessary back to the holders of GIPPT bonds.
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Imsaguy also has to notify me if INAU has requested a cancel of the Deposit, to make sure that we have enough backing for the bonds. Also if ImsaGuy defaults then INAU is still responsible for the backing and insurance.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
- -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
This contract is a loan provided by ineededausername to imsaguy.
(1) Addresses
ineededausername - 112N78zVYPairAzsBZgejEaob7gE8CenW7
imsaguy - 1CntCXtyq2kFiYpFwpua2k2XaKdHffLz2A
(2) Terms
3750 BTC was provided to imsaguy's designated address on August 2, 2012. In return, imsaguy shall pay 9% interest on every 2nd day of a month to ineededausername's designated address. The principal will be returned if one of the following happens:
(a) imsaguy, having provided 2 weeks' notice, requests that the loan be terminated on the 2nd of some month.
(b) ineededausername, having provided 2 weeks' notice, requests that the loan be terminated on the 2nd of some month.
(3) Collateralization
This debt shall be used as collateral for DeaDTerra's GIPPT (Insured Pirate Passthrough) bond. In case ineededausername defaults on that debt, imsaguy must pay as much principal and interest (up to the current principal and interest due) as necessary back to the holders of GIPPT bonds.
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Hello, I can confirm I am insuring 95% of these bonds.
No this will not be the case please read the google document provided for details
Imsaguy, will hold INeedAuserNames backings, and in the case where pirate defaults he will transfer them to me.
They will be making interest rate and there's of course a chance of a default, in this case the debt for the insurance still lies with INeedAUserName.
If both ImsaGuy and INeedAUserName defaults then, I will pay out my 5% and we will shut down (this is a VERY unlikely scenario, I highly doubt this will happen. It would take a three fold default for this scenario to happen)
Imsaguy makes his profits mostly from mining, which is why we chose him
Imsaguy, will hold INeedAuserNames backings, and in the case where pirate defaults he will transfer them to me
.They will be making interest rate and there's of course a chance of a default, in this case the debt for the insurance still lies with INeedAUserName.
If both ImsaGuy and INeedAUserName defaults then, I will pay out my 5% and we will shut down (this is a VERY unlikely scenario, I highly doubt this will happen. It would take a three fold default for this scenario to happen)
Imsaguy makes his profits mostly from mining, which is why we chose him
I'd just like to confirm this. Tonight, INAU and I executed a GPG contract that effectively bought out all EIEIO.A holdings. Those coins can be recalled from EIEIO on a two week notice. It gives me latitude to interact directly with DeaDTerra should INAU go missing in action.
Now I just need INAU to get his ass onto the forums and confirm the third part xD
//DeaDTerra
Just got some shares, thanks
Do you have any news on INAU? I would love to have a confirmation from him if possible.
I've PM'd him, but he isn't responding
Thank you very much in advance!
I am talking to him on skype atm, I will get him to post a confirmation here
//DeaDTerra
No this will not be the case please read the google document provided for details
Imsaguy, will hold INeedAuserNames backings, and in the case where pirate defaults he will transfer them to me.
They will be making interest rate and there's of course a chance of a default, in this case the debt for the insurance still lies with INeedAUserName.
If both ImsaGuy and INeedAUserName defaults then, I will pay out my 5% and we will shut down (this is a VERY unlikely scenario, I highly doubt this will happen. It would take a three fold default for this scenario to happen)
Imsaguy makes his profits mostly from mining, which is why we chose him
Imsaguy, will hold INeedAuserNames backings, and in the case where pirate defaults he will transfer them to me
.They will be making interest rate and there's of course a chance of a default, in this case the debt for the insurance still lies with INeedAUserName.
If both ImsaGuy and INeedAUserName defaults then, I will pay out my 5% and we will shut down (this is a VERY unlikely scenario, I highly doubt this will happen. It would take a three fold default for this scenario to happen)
Imsaguy makes his profits mostly from mining, which is why we chose him
I'd just like to confirm this. Tonight, INAU and I executed a GPG contract that effectively bought out all EIEIO.A holdings. Those coins can be recalled from EIEIO on a two week notice. It gives me latitude to interact directly with DeaDTerra should INAU go missing in action.
Now I just need INAU to get his ass onto the forums and confirm the third part xD
//DeaDTerra
Just got some shares, thanks
Do you have any news on INAU? I would love to have a confirmation from him if possible.
I've PM'd him, but he isn't responding
Thank you very much in advance!
Some errors with GLBSE has delayed the IPO slightly
The shares should be up for sale in a couple of minutes.
//DeaDTerra
The shares should be up for sale in a couple of minutes.
//DeaDTerra
Anyways now the bonds have been sold
I also setup a small ask wall at 500 bonds, I will refresh this walll when needed.
2500 bonds left for grabs
//DeaDTerra
Some errors with GLBSE has delayed the IPO slightly
The shares should be up for sale in a couple of minutes.
//DeaDTerra
The shares should be up for sale in a couple of minutes.
//DeaDTerra
Some errors with GLBSE has delayed the IPO slightly
The shares should be up for sale in a couple of minutes.
//DeaDTerra
The shares should be up for sale in a couple of minutes.
//DeaDTerra
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