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Block Ukx
Forge Laboratories
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Posted - 2011.01.08 04:05:00 -
[181]
BSAC Stock Exchange moving to a new location Jan 15, 2011.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Kaaii
Caldari KaaiiNet Holding Executor Corp KAAII-NET
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Posted - 2011.01.09 09:57:00 -
[182]
Originally by: Block Ukx
BSAC Stock Exchange moving to a new location Jan 15, 2011.
To where?
Also, Block I have a small(?) feature request.....
Would it be possible to have a graph under our accounts for the things like stocks, Funds, etc? A performance tool I guess, with a time line of something like a year or so?
I'm a visual person so, sometimes numbers don't do it for me...
thx! Kaaii
According to Oveur, existing LSAA's already anchored will stay there. kieron Director of Community Relations,
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Liberty Eternal
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Posted - 2011.01.09 10:11:00 -
[183]
Originally by: Block Ukx Not in the Exchange, Don't Invest!
I can't believe you still have this slogan up when Titans4U was registered on your exchange, with absolutely no oversight or auditing on your behalf.
Talk about being pulled over by the weight of your own balls.
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Block Ukx
Forge Laboratories
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Posted - 2011.01.09 21:13:00 -
[184]
Originally by: Kaaii To where?
We are moving from a free webhost to a paid hosting site. We are doing some final tests before we release the URL.
Originally by: Kaaii
Would it be possible to have a graph under our accounts for the things like stocks, Funds, etc? A performance tool I guess, with a time line of something like a year or so?
Yes, that is something in my list of things to implement. Adding new features is slow because of my limited time to code.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.09 23:07:00 -
[185]
Originally by: Liberty Eternal
Originally by: Block Ukx Not in the Exchange, Don't Invest!
I can't believe you still have this slogan up when Titans4U was registered on your exchange, with absolutely no oversight or auditing on your behalf.
Talk about being pulled over by the weight of your own balls.
You may notice that the BSAC staff won't respond to criticism that they have previously dismissed as "discussed". As in, previously dismissed out of hand.
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Block Ukx
Forge Laboratories
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Posted - 2011.01.10 00:22:00 -
[186]
Like I said before, the slogan represents my believe that if it is not in the Exchange, donĘt invest.
Nothing to Hide, List in the Exchange! BSAC Mineral Market Manipulation (MinMa) Information Desk |
Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.10 00:23:00 -
[187]
Actually, the more I think of it, the arrogance, relative opacity of operations, and pressure to get people to move capital and assets into their closed system mirrors a pre-Ricdic's (sp?) theft E-Bank fairly well.
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Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.10 00:26:00 -
[188]
Originally by: Block Ukx
Nothing to Hide, List in the Exchange!
It's in the Exchange?!? You'll Never Get It Out!
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Block Ukx
Forge Laboratories
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Posted - 2011.01.10 00:32:00 -
[189]
To list in the Exchange, all it takes is a positive review in the MD forums and one share (which I pay for) to keep track of dividends and outstanding shares.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.10 04:34:00 -
[190]
Originally by: Block Ukx
To list in the Exchange, all it takes is a positive review in the MD forums and one share (which I pay for) to keep track of dividends and outstanding shares.
You have the ability to do that with whatever investments you're willing to pay for, what I don't understand is why you don't have all recent offerings in your exchange then.
My major criticism with your group is that you restrict share "withdrawals" from the same people you encourage to "deposit" them.
I don't think this is as much a sign of laziness as it is an attempt to keep funds and shares within your closed system, where no one has any idea if there really is anything to back up all of the "account balances".
I predict that you and your group will be the next major MD failure of the megabillion variety.
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Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.10 12:59:00 -
[191]
Edited by: Kalrand on 10/01/2011 12:58:52 wrong thread.
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Block Ukx
Forge Laboratories
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Posted - 2011.01.10 20:09:00 -
[192]
Originally by: Kalrand ą what I don't understand is why you don't have all recent offerings in your exchange then.
BSAC doesnĘt have a share of all recent offerings. In case you missed it; to list in the Exchange, all it takes is a positive review in the MD forums and one share to keep track of dividends and outstanding shares.
Originally by: Kalrand My major criticism with your group is that you restrict share "withdrawals" from the same people you encourage to "deposit" them. I don't think this is as much a sign of laziness as it is an attempt to keep funds and shares within your closed system, where no one has any idea if there really is anything to back up all of the "account balances".
The restriction on share withdrawal has been in place since inception, and everyone is aware of it. I understand that you donĘt like it, but this policy was adopted to implement stock splits and to reduce administration load of the real-time stock exchange.
Share balances held in Trust are verifiable via third-party upon BOD approval at your own expense.
Before you continue on you relentless attack of my integrity, I suggest you stop for a moment and consider the viable options for a real-time stock Exchange. When we looked at creating an exchange, we considered the results of previous stock exchanges (EGSE and RESX), the reasons why they went out of business, and the work load associated with share transfers.
To create a practical real-time stock exchange, we addapted two concepts to EVE that we believe made a significant progress in the secondary market. One was share registration, and the second was stock splits. Registered shares are a key innovation towards a fully electronic stock exchange with minimal administration. It also allows for share dividends, fully automated ISK dividends, tradable bonds, and the creation of out-of-game shell corporations. Future projects include the development of share API, futures, and short selling, all which are missing in EVE.
Stock splits, which are almost impossible to do in EVE, and are essential for a healthy stock exchange. You no longer need 100,000,000 ISK to buy one share; you can easily invest with 10,000 ISK. With larger volumes and lower investment minimums you increase trading volume and player participation. In addition, transferring 100 M ISK share is risky and can end up costing the exchange billions.
Before launching the stock exchange, I participated in the previous stock exchanges, and spend hours transferring shares. I understand and know how dangerous and time consuming is to run a stock exchange where shares must be transfer manually. In a few occasions, I made transfers that could have cost me billions, but the investors were kind to return the shares.
The BSAC Stock Exchange offers pod pilots a unique alternative to investing in the only real-time stock exchange. It is an easy to use system where you can trade shares and place your own buy/sell share or bond orders. EVERY ACCOUNT HOLDER IS AWARE THAT SHARES CANNOT BE REMOVED FROM THE EXCHAHGE.
ISK CAN BE WITHDRAWN ANY TIME BSAC Mineral Market Manipulation (MinMa) Information Desk |
Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.11 03:02:00 -
[193]
Originally by: Block Ukx
Before you continue on you relentless attack of my integrity, I suggest you stop for a moment
Let me be absolutely clear:
I believe your have mismanaged the funds currently under your management so that the only way you can stay afloat is to continually add to your assets under management. Be that through your various bonds, shares, "stock exchanges", "mineral reserves" or whatever else you dress up people sending you isk and assets to hold in care for them.
Originally by: Block Ukx
SHARES CANNOT BE REMOVED FROM THE EXCHAHGE.
I believe this validates my slogan: It's in the Exchange?!? You'll Never Get It Out!
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Block Ukx
Forge Laboratories
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Posted - 2011.01.11 03:30:00 -
[194]
Originally by: Kalrand Let me be absolutely clear:
I believe your have mismanaged the funds currently under your management so that the only way you can stay afloat is to continually add to your assets under management.
That is an absolutely unfounded accusation that is an obvious attempt to smear my reputation. Your continued attacks show clearly your motive. I have no interest in discussing the matter any further with you.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.11 03:46:00 -
[195]
Originally by: Block Ukx That is an absolutely unfounded accusation that is an obvious attempt to smear my reputation. Your continued attacks show clearly your motive. I have no interest in discussing the matter any further with you.
Your right. There is no way to tell one way or another if your ridiculously opaque, largely two man operation is actually using 700+ Billion in assets in a responsible manner.
Except for the fact that you are always looking for more capital. At your size and your self proclaimed levels of "success" you should be able to generate any needed funds internally.
So prove me wrong.
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Block Ukx
Forge Laboratories
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Posted - 2011.01.11 03:47:00 -
[196]
Originally by: Kalrand Your right. There is no way to tell one way or another if your ridiculously opaque, largely two man operation is actually using 700+ Billion in assets in a responsible manner.
Except for the fact that you are always looking for more capital. At your size and your self proclaimed levels of "success" you should be able to generate any needed funds internally.
So prove me wrong.
I have no interest in discussing the matter any further with you.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.11 03:56:00 -
[197]
Edited by: Kalrand on 11/01/2011 03:55:52
Originally by: Block Ukx I have no interest in discussing the matter any further with you.
I can't decide which is a more pertinent comparison to this statement:
Originally by: Wizard of Oz Do not arouse the wrath of the great and powerful Oz.
Originally by: Bernard "Bernie" Madoff In today's regulatory environment, it's virtually impossible to violate rules.
edit: formatting
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Block Ukx
Forge Laboratories
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Posted - 2011.01.11 03:57:00 -
[198]
Originally by: Kalrand Edited by: Kalrand on 11/01/2011 03:55:52
Originally by: Block Ukx I have no interest in discussing the matter any further with you.
I can't decide which is a more pertinent comparison to this statement:
Originally by: Wizard of Oz Do not arouse the wrath of the great and powerful Oz.
Originally by: Bernard "Bernie" Madoff In today's regulatory environment, it's virtually impossible to violate rules.
edit: formatting
I have no interest in discussing the matter any further with you.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.11 04:16:00 -
[199]
Originally by: Block Ukx I have no interest in discussing the matter any further with you.
Since you refuse to respond to criticisms of the size and how you are running your organization, I think you may find the public money spigot turning off.
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Block Ukx
Forge Laboratories
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Posted - 2011.01.11 04:23:00 -
[200]
Originally by: Kalrand
Originally by: Block Ukx I have no interest in discussing the matter any further with you.
Since you refuse to respond to criticisms of the size and how you are running your organization, I think you may find the public money spigot turning off.
I have no interest in discussing the matter any further with you.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
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Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.11 04:28:00 -
[201]
Originally by: Block Ukx I have no interest in discussing the matter any further with you.
Then consider what I say to not be towards you, but towards anyone who may have money invested in you or your group's products.
And that would be:
Take your money out now, before Block and BSAC decides the charade is too much trouble to keep up.
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Hexxx
Minmatar
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Posted - 2011.01.11 21:52:00 -
[202]
Quote:
Google iirc had multiple monopoly charges already. Wikipedia is structured as a vastly less ambitious (in financial terms) project and has yet to use its dominant position.
Quote:
As I have mentioned before and have been discussed at length by others (Hexxx comes to mind), registered shares are a key component of a real-time Exchange. Registered shares cannot be withdrawn from the Exchange unless a CEO initiates a block withdrawal.
Investors would need to convince the CEO to execute a block withdrawal. Once the shares leave the Exchange, it is the sole CEO responsibility to return shares to its rightful owners.
Small comment here...
Monopolies are not a bad thing in EVE. Projects Blog |
Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.11 22:06:00 -
[203]
Originally by: Hexxx If it was me, I would ensure that shares only went one way: into the exchange, never out of it.
This is similar to Ebank and isk, correct?
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Hexxx
Minmatar
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Posted - 2011.01.11 22:15:00 -
[204]
Originally by: Kalrand
Originally by: Hexxx If it was me, I would ensure that shares only went one way: into the exchange, never out of it.
This is similar to Ebank and isk, correct?
About as similar to EBANK as you are to an intelligent human being.
Roughly.
Projects Blog |
Block Ukx
Forge Laboratories
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Posted - 2011.01.13 00:47:00 -
[205]
No new accounts will be created between now and Jan 15. There will be a small interruption in service during the switch. Login will be disallowed in the old site while we do the move.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Machete Visor
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Posted - 2011.01.13 01:18:00 -
[206]
Originally by: Block Ukx
No new accounts will be created between now and Jan 15. There will be a small interruption in service during the switch. Login will be disallowed in the old site while we do the move.
Whee! If there is a crash between the server move and client data is corrupted, damaged or lost... or if the exchange vaporizes and never reappears on a new URL.... that'll be a nice finale.
Quite a rollercoaster ride. I'm glad I didn't decide to put money in the cash reserve... that whole -0- collateral backing a cash reserve... yeah.
Bravo though on achieving what essentially the securities houses on wall street achieved 2004-2008 with the auction rate securities market. Basically you've been able to create a completely isolated market, with you as the broker. So long as you stand in the middle, the market will be there. A very lucrative position economically.
What makes it even MORE lucrative in eve is the lack of rules/laws/regulations, that essentially allows one to dip into the cookie jar. Makes sense, there is no way to pay yourself a 'bonus'.
702B - i gotta go find that last expansion thread.
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Block Ukx
Forge Laboratories
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Posted - 2011.01.13 01:28:00 -
[207]
The data is backed up. After the move, the old ulr will remain available for investors to make sure there hasn't been any issues during the transfer.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Erin Eraser
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Posted - 2011.01.13 01:32:00 -
[208]
Originally by: Block Ukx
Nothing to Hide, List in the Exchange!
That was more than a bit snarky. Is this a joke?
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Kalrand
GoonWaffe Goonswarm Federation
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Posted - 2011.01.13 01:48:00 -
[209]
Originally by: Erin Eraser
Originally by: Block Ukx
Nothing to Hide, List in the Exchange!
That was more than a bit snarky. Is this a joke?
Welcome to the party. You might want to take a look at this thread here.
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Block Ukx
Forge Laboratories
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Posted - 2011.01.14 21:22:00 -
[210]
The BSAC Stock Exchange will be moving to a new URL tonight.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
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