Topic: P - page 38. (Read 78397 times)
The coins get deposited here:
https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822
Thanks for the link, this all makes a little more sense now. I did buy a few before the payment so that was nice to receive. This is all very intriguing. I may just buy a couple more;)
https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822
Thanks for the link, this all makes a little more sense now. I did buy a few before the payment so that was nice to receive. This is all very intriguing. I may just buy a couple more;)
dividends have been paid, also sales have been filled at 1.02
i left some asks at 1.03 if anyone wants in. i will move that up in about 18 hours.
thanks
i left some asks at 1.03 if anyone wants in. i will move that up in about 18 hours.
thanks
thanks for a reliable pass-through so far.
The coins get deposited here:
https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822
Nobody really knows if it's a Ponzi, a Ponzi by proxy (pirateat40 depositing the money to a Ponzi scheme), something illegal, something legal, something shady, something that nearly anyone of us could do but we all didn't think of it or think that it could work...
The verification would be for goat, not for pirate - but his only work is getting the money and depositing it to pirateat40's "enterprise". Goat's not actively involved in working with the money at all.
I personally suspect something like a Ponzi or something close to it risk-wise, so I only invested a limited amount of money into it, mostly for the kicks and due to the fact that (if you compound it) after 3 months you have doubled your portfolio and can step out without any losses. The real question is how long pirateat40 can manage to pay these crazy interest rates and if he's smart enough to pull back out if it's getting too much for him. If he manages to go on like this for more than 3 months - good for the investors! If he doesn't - well you'd be better off shorting him then!
https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822
Nobody really knows if it's a Ponzi, a Ponzi by proxy (pirateat40 depositing the money to a Ponzi scheme), something illegal, something legal, something shady, something that nearly anyone of us could do but we all didn't think of it or think that it could work...
The verification would be for goat, not for pirate - but his only work is getting the money and depositing it to pirateat40's "enterprise". Goat's not actively involved in working with the money at all.
I personally suspect something like a Ponzi or something close to it risk-wise, so I only invested a limited amount of money into it, mostly for the kicks and due to the fact that (if you compound it) after 3 months you have doubled your portfolio and can step out without any losses. The real question is how long pirateat40 can manage to pay these crazy interest rates and if he's smart enough to pull back out if it's getting too much for him. If he manages to go on like this for more than 3 months - good for the investors! If he doesn't - well you'd be better off shorting him then!
As I'm new to the glbse, and worried about being scammed, can somebody please explain to me how this is not a ponzi scheme and why this bond has no verification information on the glbse? Where is the money to pay these dividends coming from? All I see is more and more bonds being offered for lower prices which I can only assume is being used to pay the dividends. My apologies if I'm completely wrong here, not trying to spread FUD so any information that can be provided would be much appreciated.
Thanks! I don't know why people aren't buying the shares that are being sold so they can get the first dividend and not miss out on it? It's more or less a perpetual investment that pays out 0.068 per Bond every Tuesday, and a buy back price of 1.00. So there is a break even point where if bonds are selling below that price, it's better to buy now and get Tuesdays dividend instead of waiting for a new bond at 1.02. Above it, you're better off waiting to buy a new bond. I put that around 1.085, which includes GLBSE fees.
Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.
Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.
Hush. You're not supposed to tell people that, I'm hoping to pick up a couple more before the bond auction.
Yeah. I already bought mine before that last post. What are you waiting for?
I already picked up all I'm going to for this cycle. I might try and get some more next time around. I'm surprised there's not more people bidding on these in the 1.06-1.07 range.
Thanks! I don't know why people aren't buying the shares that are being sold so they can get the first dividend and not miss out on it? It's more or less a perpetual investment that pays out 0.068 per Bond every Tuesday, and a buy back price of 1.00. So there is a break even point where if bonds are selling below that price, it's better to buy now and get Tuesdays dividend instead of waiting for a new bond at 1.02. Above it, you're better off waiting to buy a new bond. I put that around 1.085, which includes GLBSE fees.
Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.
Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.
Hush. You're not supposed to tell people that, I'm hoping to pick up a couple more before the bond auction.
Yeah. I already bought mine before that last post. What are you waiting for?
Thanks! I don't know why people aren't buying the shares that are being sold so they can get the first dividend and not miss out on it? It's more or less a perpetual investment that pays out 0.068 per Bond every Tuesday, and a buy back price of 1.00. So there is a break even point where if bonds are selling below that price, it's better to buy now and get Tuesdays dividend instead of waiting for a new bond at 1.02. Above it, you're better off waiting to buy a new bond. I put that around 1.085, which includes GLBSE fees.
Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.
Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.
Hush. You're not supposed to tell people that, I'm hoping to pick up a couple more before the bond auction.
We heard nothing. ~Tells everyone~
Thanks! I don't know why people aren't buying the shares that are being sold so they can get the first dividend and not miss out on it? It's more or less a perpetual investment that pays out 0.068 per Bond every Tuesday, and a buy back price of 1.00. So there is a break even point where if bonds are selling below that price, it's better to buy now and get Tuesdays dividend instead of waiting for a new bond at 1.02. Above it, you're better off waiting to buy a new bond. I put that around 1.085, which includes GLBSE fees.
Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.
Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.
Hush. You're not supposed to tell people that, I'm hoping to pick up a couple more before the bond auction.
I'm sorry, I still fairly new to this but why does the GLBSE site say "no dividends paid" but it does say in the contract that it pays 5%, yet here you say 6.8? I'd like to consider purchasing some but this has me fairly confused.
The GLBSE page is a history of past dividends. Goat just hasn't paid any yet; he will.
The actual rate is 6.8%. Contracts are immutable, so Goat cannot change it.
It's not entirely clear to me when the dividends start. Will it be Tuesday, May 29? And on the same day, more bonds will be sold for a minimum of 1.02?
Yes, But that is Tuesday evening Thailand Time.
I will pay out .068 as a dividend, then I will sell as many bonds as I need to absorb all bids at or above 1.02
Thanks
Thanks! I don't know why people aren't buying the shares that are being sold so they can get the first dividend and not miss out on it? It's more or less a perpetual investment that pays out 0.068 per Bond every Tuesday, and a buy back price of 1.00. So there is a break even point where if bonds are selling below that price, it's better to buy now and get Tuesdays dividend instead of waiting for a new bond at 1.02. Above it, you're better off waiting to buy a new bond. I put that around 1.085, which includes GLBSE fees.
Using the same logic for sellers, it doesn't make sense to sell below 1.08 unless they think there is a chance of default before Tuesday.
I'm sorry, I still fairly new to this but why does the GLBSE site say "no dividends paid" but it does say in the contract that it pays 5%, yet here you say 6.8? I'd like to consider purchasing some but this has me fairly confused.
The GLBSE page is a history of past dividends. Goat just hasn't paid any yet; he will.
The actual rate is 6.8%. Contracts are immutable, so Goat cannot change it.
It's not entirely clear to me when the dividends start. Will it be Tuesday, May 29? And on the same day, more bonds will be sold for a minimum of 1.02?
Do you think you'd be able to do the dividends and buying a little later some time in the future, Goat? 4-6PM makes it pretty early in the morning for everyone in North America (2-4AM PDT, 5-7AM EDT). If you did the dividend payment at 7PM Thai time, that would be in the afternoon for Europe and while it would still be early morning for North American markets at least it wouldn't be 3am. 
it will be as soon as pirate wakes up and sends the funds. he is in Texas so it will be morning USA time
if you place a bid at 1.02 it will get filled, i will also have a large amount of asks at 1.03 for anyone late.
thanks
Do you think you'd be able to do the dividends and buying a little later some time in the future, Goat? 4-6PM makes it pretty early in the morning for everyone in North America (2-4AM PDT, 5-7AM EDT). If you did the dividend payment at 7PM Thai time, that would be in the afternoon for Europe and while it would still be early morning for North American markets at least it wouldn't be 3am.
I'm sorry, I still fairly new to this but why does the GLBSE site say "no dividends paid" but it does say in the contract that it pays 5%, yet here you say 6.8? I'd like to consider purchasing some but this has me fairly confused.
Nice to see new people getting into the GLBSE. One of the most awesome things going on in the world.
I'm sorry, I still fairly new to this but why does the GLBSE site say "no dividends paid" but it does say in the contract that it pays 5%, yet here you say 6.8? I'd like to consider purchasing some but this has me fairly confused.
The GLBSE page is a history of past dividends. Goat just hasn't paid any yet; he will.
The actual rate is 6.8%. Contracts are immutable, so Goat cannot change it.
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