Make sure to place your bids
//DeaDTerra
Topic: [GLBSE] GIPPT Delisting 100% paid. - page 15. (Read 19309 times)
The 5000 shares have now been issued, they will be up for sale in 25 minutes!
Make sure to place your bids
//DeaDTerra
Make sure to place your bids
//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
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.
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.
I am now verified on GLBSE
//DeaDTerra
//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
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.
Waay underpriced IMO & BMC (by my calculations)
Which is why I'm buying some
I want to offer something of value and that's beneficial for both sides. As I can't compete with interest rates we will compete in IPO price Which is why I'm buying some
Awesome, place you bids now
The IPO has been released on GLBSE
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people!
//DeaDTerra
I'm up for bidding on some of these, but I still want details on the insurance arrangements - what's in place now?https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people
!//DeaDTerra
I will write a exact contract and make all three parties sign it.
//DeaDTerra
Will the funds placed in escrow be in an address that will be made publicly available? If not, buyers would be right to assume that the insurance funds will be invested elsewhere. Not that it's a bad thing, but there's always a chance of default, even from more conservative investments (such as mining). The ultimate insured PPT would be where the insurance fund sitting in cold storage away from everything else, including GLBSE.
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
Indeed that would be optimal for the purchaser of the bond but unfortunately not for the issuer. Hence we have chosen something inbetween, it's not high risk or connected to pirate but it still makes a nice interest rate
//DeaDTerra
I'm concerned as well with Goats offering and this post https://bitcointalksearch.org/topic/feedback-wanted-100-insured-ppt-bond-glbse-97347
This will be answered shortly //DeadTerra
Could you please ask INeededAUserName to confirm in this thread that he insures 95% of the face-value of all bonds? It's not that I don't trust you, it's just better to have this written down somewhere. Thank you very much
I am on my way home. all your questions and concerns will be answered asap.
I'm concerned as well with Goats offering and this post https://bitcointalksearch.org/topic/feedback-wanted-100-insured-ppt-bond-glbse-97347
The IPO has been released on GLBSE
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people!
//DeaDTerra
I'm up for bidding on some of these, but I still want details on the insurance arrangements - what's in place now?https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people
!//DeaDTerra
I will write a exact contract and make all three parties sign it.
//DeaDTerra
Will the funds placed in escrow be in an address that will be made publicly available? If not, buyers would be right to assume that the insurance funds will be invested elsewhere. Not that it's a bad thing, but there's always a chance of default, even from more conservative investments (such as mining). The ultimate insured PPT would be where the insurance fund sitting in cold storage away from everything else, including GLBSE.
Waay underpriced IMO & BMC (by my calculations)
Which is why I'm buying some
Which is why I'm buying some
If there are enough bids, what's the minimum price the shares will be sold into? 1.00? 1.02? Something else entirely?
Thanks for the information
Thanks for the information
The Initial Share price will be 1 BTC per bond
or are you asking something else?
Oh, yeah, sorry I missed the part where it said they would be sold for 1 BTC each. Found it now though
I knew the face-value would be 1 BTC each, but wasn't sure for how much they were going to get sold.
All good now, thanks
If there are enough bids, what's the minimum price the shares will be sold into? 1.00? 1.02? Something else entirely?
Thanks for the information
Thanks for the information
The Initial Share price will be 1 BTC per bond
or are you asking something else?
If there are enough bids, what's the minimum price the shares will be sold into? 1.00? 1.02? Something else entirely?
Thanks for the information
Thanks for the information
The IPO has been released on GLBSE
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people!
//DeaDTerra
I'm up for bidding on some of these, but I still want details on the insurance arrangements - what's in place now?https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people
!//DeaDTerra
I will write a exact contract and make all three parties sign it.
//DeaDTerra
The IPO has been released on GLBSE
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people!
//DeaDTerra
I'm up for bidding on some of these, but I still want details on the insurance arrangements - what's in place now? https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people
!//DeaDTerra
The IPO has been released on GLBSE
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people!
//DeaDTerra
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people
!//DeaDTerra
Yay! My friggin GLBSE balance won't update fast enoughhhh
I also want to note to this thread https://bitcointalksearch.org/topic/m.1058988
Where Nimda comes to the conclusion that GIPPT is worth between 1.2-1.3 BTC
//DeaDTerra
The IPO has been released on GLBSE
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people!
//DeaDTerra
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people
!//DeaDTerra
Yay! My friggin GLBSE balance won't update fast enoughhhh
The IPO has been released on GLBSE
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people!
//DeaDTerra
https://glbse.com/ipo/179
https://glbse.com/asset/view/GIPPT
So place your bids people
!//DeaDTerra
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