[GLBSE] TEEK Funds - crowdsourced loans / p2p economics. NEW: TEEK.USD - page 4.

brendio

hero member

Activity: 518

Merit: 500

Quote from: teek on July 02, 2012, 12:35:11 PM

Quote from: brendio on July 02, 2012, 12:58:09 AM

Quote from: teek on July 01, 2012, 11:18:42 AM

Interest paid!

Is the minimum liquidity clause of the contract still active?

Quote

A minimum liquidty level will be established. Each week, on the Sunday dividend day, a bid of 1 BTC per bond will be placed for a minimum of 5% of the outstanding bonds.

I ask, because there is a sell order at 1.0 BTC that's been there for a while, and the number of bonds for which dividends have been paid has remained constant for the last three weeks' payments.

Hi Brendio - Yes its still active, assuming we are talking about TEEK.A my current ask of .95 does overlap it though, thus I have been filling anything lower than my current ask of .95 when I go to pay interest.

teek

With all due respect, your contract states that you will place the bid order at 1 BTC. It does not say that this is effected by the fact that you are selling at 0.95 BTC.

teek

hero member

Activity: 667

Merit: 500

Quote from: brendio on July 02, 2012, 12:58:09 AM

Quote from: teek on July 01, 2012, 11:18:42 AM

Interest paid!

Is the minimum liquidity clause of the contract still active?

Quote

A minimum liquidty level will be established. Each week, on the Sunday dividend day, a bid of 1 BTC per bond will be placed for a minimum of 5% of the outstanding bonds.

I ask, because there is a sell order at 1.0 BTC that's been there for a while, and the number of bonds for which dividends have been paid has remained constant for the last three weeks' payments.

Hi Brendio - Yes its still active, assuming we are talking about TEEK.A my current ask of .95 does overlap it though, thus I have been filling anything lower than my current ask of .95 when I go to pay interest.

teek

brendio

hero member

Activity: 518

Merit: 500

Quote from: teek on July 01, 2012, 11:18:42 AM

Interest paid!

Is the minimum liquidity clause of the contract still active?

Quote

A minimum liquidty level will be established. Each week, on the Sunday dividend day, a bid of 1 BTC per bond will be placed for a minimum of 5% of the outstanding bonds.

I ask, because there is a sell order at 1.0 BTC that's been there for a while, and the number of bonds for which dividends have been paid has remained constant for the last three weeks' payments.

teek

hero member

Activity: 667

Merit: 500

Interest paid!

teek

hero member

Activity: 667

Merit: 500

Interest paid!

thatbluedude

full member

Activity: 196

Merit: 100

Quote from: teek on June 17, 2012, 01:54:02 PM

Quote from: thatbluedude on June 17, 2012, 10:30:33 AM

did I understand you correctly that you will also invest in real life conventional stuff and not only in the bitcoin sector? I respect your decision to keep your investment strategy to yourself but could you give us a rough estimate of the % off your funds invested irl? I ask because there are few companies listed on glbse that are part of the "normal" economy so your fund would be more interesting for diversification reasons.

Depends, if you want to look at "percentages to meatspace" right now I try to keep it pretty low because I don't want to take the chance on being short bitcoin at the moment. More importantly though, it's starting to get to the point where I am using bitcoin in real life all the time, facilitating trade without being converted to fiat. A reliable way to hedge would change this though, it was pretty bad timing that I launched this asset and bitcoinica went down almost right away.

thank you for answering quickly. I didn't mean capital tied up in real physical assets only, something like a digital brokerage account with classic "normal" stocks would also count. One of my perceived weakpoints of glbse is that if you look at it most stocks are preoccupied with the currency itself. I think that for long term growth it will be necessary that I can use my bitcoins to invest in stuff like real estate or pharmaceutical companies or the like and not just in the equivalent of the banking sector.

teek

hero member

Activity: 667

Merit: 500

Quote from: unclescrooge on June 17, 2012, 08:36:44 AM

Hello Teek,

How are you coping with the increase in bitcoin price? Does it affect your profit?

Not being able to hedge due to the bitcoinica drama is more of a factor than the price itself.. not to mention the significant balance I have tied up there still due to that.

Quote from: thatbluedude on June 17, 2012, 10:30:33 AM

did I understand you correctly that you will also invest in real life conventional stuff and not only in the bitcoin sector? I respect your decision to keep your investment strategy to yourself but could you give us a rough estimate of the % off your funds invested irl? I ask because there are few companies listed on glbse that are part of the "normal" economy so your fund would be more interesting for diversification reasons.

Depends, if you want to look at "percentages to meatspace" right now I try to keep it pretty low because I don't want to take the chance on being short bitcoin at the moment. More importantly though, it's starting to get to the point where I am using bitcoin in real life all the time, facilitating trade without being converted to fiat. A reliable way to hedge would change this though, it was pretty bad timing that I launched this asset and bitcoinica went down almost right away.

teek

hero member

Activity: 667

Merit: 500

Interest paid!

thatbluedude

full member

Activity: 196

Merit: 100

did I understand you correctly that you will also invest in real life conventional stuff and not only in the bitcoin sector? I respect your decision to keep your investment strategy to yourself but could you give us a rough estimate of the % off your funds invested irl? I ask because there are few companies listed on glbse that are part of the "normal" economy so your fund would be more interesting for diversification reasons.

unclescrooge

hero member

Activity: 868

Merit: 1000

Hello Teek,

How are you coping with the increase in bitcoin price? Does it affect your profit?

MoneyIsDebt

hero member

Activity: 642

Merit: 500

Good going!

teek

hero member

Activity: 667

Merit: 500

Interest paid!

teek

hero member

Activity: 667

Merit: 500

Happy Sunday!! Interest paid!!! Could still use a bunch of TEEK.A funding, if any larger investors wish to step up feel free to pm me for your special deal.

teek

unclescrooge

hero member

Activity: 868

Merit: 1000

Thanks , great asset Cheesy

teek

hero member

Activity: 667

Merit: 500

Interest paid!

teek

hero member

Activity: 667

Merit: 500

Interest paid!

bitcoiners

sr. member

Activity: 322

Merit: 250

Got this weeks payout on TEEK.B of 0.03024193 per share! Thanks and keep it up! I'll be buying more.

Cheers!

teek

hero member

Activity: 667

Merit: 500

Bump! Still lots of TEEK.A left!

unclescrooge

hero member

Activity: 868

Merit: 1000

teek

hero member

Activity: 667

Merit: 500

First weeks dividends have been paid. Please note these are pro-rated to 60% because we started in the middle of the week. I made a mistake on TEEK.A and accidently paid out 100%, congrats TEEK.A holders Cheesy

Topic: [GLBSE] TEEK Funds - crowdsourced loans / p2p economics. NEW: TEEK.USD - page 4. (Read 8600 times)