[GLBSE] REBATE official thread - page 4.

Serge

legendary

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Quote from: flower1024 on August 03, 2012, 07:14:29 AM

Quote from: farfiman on August 03, 2012, 06:39:04 AM

Although a buyback according to the contract will give only ~ 0.12 .....

without any dividends this is better than nothing...

complete bullshit, but yeah, better than nothing.

I would like to know which other projects especially ones that are listed or due to be listed on GLBSE are these people involved with. Does any one have a list?

flower1024

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Quote from: farfiman on August 03, 2012, 06:39:04 AM

Although a buyback according to the contract will give only ~ 0.12 .....

without any dividends this is better than nothing...

farfiman

legendary

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Although a buyback according to the contract will give only ~ 0.12 .....

flower1024

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Quote from: DeaDTerra on August 03, 2012, 04:43:49 AM

I am tired of this bullshit both as a investor and as a middle man stuck in between this shit.
I will be talking to both parties and see if we can solve this so that everyone including the investors will get happy.
I will be pushing for a buy back as this is obviously not working out...
//DeaDTerra

thanks,
this seems to be the best solution.

if all problems are worked out just open a new asset - i'd probably buy it Wink

DeaDTerra

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I am tired of this bullshit both as a investor and as a middle man stuck in between this shit.
I will be talking to both parties and see if we can solve this so that everyone including the investors will get happy.
I will be pushing for a buy back as this is obviously not working out...
//DeaDTerra

PatrickHarnett

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Pretty poor performance, irrespective of "issues". Took a lot of money and not even an effort to advise on timings.

Serge

legendary

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when they needed investors money - they did a great PR. after that, well... it's just meh

farfiman

legendary

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We know you arent responsible for REBATE but it still kinda sucks to invest and then wait and wait and wait again and get all kinds of of ~~excuses~~ reasons why its not working yet. Since we have no direct way to talk to the responsible people it all funnels to you I'm afraid. In bitcoin world 2 months in a very long time.

Starting an IPO , taking peoples money and stringing them along is just not acceptable . True, there is no specific date in the contract but then why not just hold our money for 6 months and then say - "oh well" and maybe give it back without any interest or maybe not at all. I'm not saying this will happen but it feels bad.

Enough bitching for now... sorry again DT that it is dropped in your lap. I know you are doing what you can.

DeaDTerra

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Quote from: memvola on August 02, 2012, 06:50:48 AM

Quote from: farfiman on August 01, 2012, 09:59:43 AM

If not, maybe the owner should buyback all the shares..

Maybe they're waiting for the average market price to fall to near zero first.

However, two well known members of the community and the owner himself promised that REBATE will deliver, so I'm currently assuming this is just a delay.

I do not own the account or the equity for the Rebate asset, The reason why I have taken upon myself to try steer this into the correct way is due to that I have a big stake in it and because I have put my reputation on the line. I am currently working on contacting JRO, to get access to the GLBSE account to pay out a small dividend.
Alberto is currently very busy hence the Rebate site will be offline for a bit longer.
Sorry for all of this delay!
//DeaDTerra

memvola

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Quote from: farfiman on August 01, 2012, 09:59:43 AM

If not, maybe the owner should buyback all the shares..

Maybe they're waiting for the average market price to fall to near zero first.

However, two well known members of the community and the owner himself promised that REBATE will deliver, so I'm currently assuming this is just a delay.

Serge

legendary

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(malware): "No Coins for sale at the moment.Hit F5 to reload."

first and last update on twitter and their google docs, May 11
https://twitter.com/btcrebate
http://goo.gl/uja6o

farfiman

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2 WHOLE months after IPO..... please say we will finally see something today.

If not, maybe the owner should buyback all the shares..

just an idea..

tulkos

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Quote from: der_meister on July 31, 2012, 12:24:33 PM

How it's going on things? Can we expect cheezburgers tomorrow?

Cheezburgers would be nice, BTC would be better

der_meister

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How it's going on things? Can we expect cheezburgers tomorrow?

Bitcoin Oz

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Wat

I assume they are sticking to lower amounts during testing.

farfiman

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Quote from: exahash on July 19, 2012, 11:28:52 PM

More constructive criticism... a continuation on the scale issue.

All of the auctions I'm seeing tonight are tiny (around .1-.2 btc with discounts around 1%). The "Earnings" number rarely amounts to more than a penny in USD.

You couldn't pay me enough to sit around and tediously bid, bid, bid just to win up to 60 cents an hour.

That's not even enough to justify writing a bot to try and capture the whopping ~$14 going through there every day.

A couple weeks ago when I signed up they were auctioning lots closer to 5 btc, which works out to more like 40 cents per auction and $24/hr. Still nothing to write home about, but I could see a few people writing bots to go after that.

I think larger lots, with correspondingly larger earnings would help drive higher bids and far more revenue for BitcoinRebate (and shareholders).

It's still under testing/beta . It will go back to the higher sums soon I think.
( just trying to help DT...)

farfiman

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Quote from: ?? on ??

I understand that (I have played the penny auction game before).

My question concerns the winner. What did they get and how much did they pay for it.

Please use the example above.

I've reported this as well... but as stock holders we shouldn't care Wink

I think maybe the rules aren't understood or it's a broken bot.

exahash

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More constructive criticism... a continuation on the scale issue.

All of the auctions I'm seeing tonight are tiny (around .1-.2 btc with discounts around 1%). The "Earnings" number rarely amounts to more than a penny in USD.

You couldn't pay me enough to sit around and tediously bid, bid, bid just to win up to 60 cents an hour.

That's not even enough to justify writing a bot to try and capture the whopping ~$14 going through there every day.

A couple weeks ago when I signed up they were auctioning lots closer to 5 btc, which works out to more like 40 cents per auction and $24/hr. Still nothing to write home about, but I could see a few people writing bots to go after that.

I think larger lots, with correspondingly larger earnings would help drive higher bids and far more revenue for BitcoinRebate (and shareholders).

exahash

sr. member

Activity: 278

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Quote from: ?? on ??

I guess I may have underestimated the earning potential of this site. With everyone just throwing their money at the site I may have to go buy some stock.

If it gets out that this really is profitable, they are going to have a ton of copycats, just like the merchandise-based penny auction sites.

I think BitcoinRebate might have a scale issue though.

Even if people are overbidding, how much does BR net? I'm seeing around 5-10 bids, and they sum to .01-.02 btc, and there are 1440 auctions per day... that's only 28.8 btc/day. BR really needs to net .1+ per auction to make what most of us would consider good money. And if they want to be making bank, then its more like .5+ per auction.

I can't see that happening soon. But I hope they prove me wrong.

Bitcoin Oz

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Wat

Quote from: ?? on ??

Am I missing something here? Can someone explain this to me?

I have been watching the site for a while and during the time I watched it every winning bid is above the earnings amount of the transaction. A typical example:

Code:

Available 0.22230000 BTC
For       0.22022083 BTC
          0.94%
Earnings  0.00207917 BTC

Highest Bid : 0.00467815

So from what I can gather, in this case the highest bidder, the so called "winner" of the auction, just paid 0.00467815 BTC for a gain of 0.00207917 Huh

This is a net loss to the winner of the auction, right? All of the other bidders also lost their bids too.

I guess I may have underestimated the earning potential of this site. With everyone just throwing their money at the site I may have to go buy some stock.

Yes all the losing bidders lose their bid amount. Its how penny auctions work

Topic: [GLBSE] REBATE official thread - page 4. (Read 14383 times)