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Block Ukx
Forge Laboratories
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Posted - 2011.02.16 22:41:00 -
[1]
Too late to öfixö your underwriter decision. People will always question the wisdom of your investment decision; see Lib.Et.
If you want to make it attractive, then list it in the BSAC Exchange. Bonds will be tradable, and you can buyout bonds of the Exchange at some specified rate. In addition, the number of outstanding bonds will be known by the public. The Exchange offers many tools for fund managers to administer their bond.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.16 23:02:00 -
[2]
 Originally by: Kalrand
Originally by: Block Ukx
If you want to make it attractive, then list it in the BSAC Exchange. Bonds will be tradable, and you can buyout bonds of the Exchange at some specified rate. In addition, the number of outstanding bonds will be known by the public. The Exchange offers many tools for fund managers to administer their bond.
Block: "Let me steal your isk! Send it into my opaque, EBank-like system!"
If he lists the Bond, I would not be holding the ISK, all the ISK will be in the hands of the fund manager; outside the Exchange.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.16 23:37:00 -
[3]
No, the fund manager in this case will be Dethmourne Silvermane.
To purchase a bond you will need to use your Exchange account. If you need to deposit ISK, you will send it to BSAC MMM. Then use the Bond Exchange to buy any listed bonds.
And you too are welcome to list in the Exchange.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.16 23:40:00 -
[4]
Originally by: Misty McGinnity
This cross posting non-sense tho is getting old, no matter how many times you polish a terd its still stinks.
You are welcome to open an account in the Exchange and test it yourself. I think once you try it, you will be pleased. There are about 500 users, so listing in the Exchange exposes the bond to a larger number of investors.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.16 23:55:00 -
[5]
Audit plans are coming along. We are almost done shifting assets of CSF into the new account. We are still looking for an auditor.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.17 01:16:00 -
[6]
BSAC is the leader in transparency and no other investment in EVE is more transparent than us. As explained previously, the CSF is moving into a new account to facilitate ongoing audits. That way the auditor will only have one account to check. And we are not just going to follow the crowd; we are going to take it many steps further. The plan calls to make the account journals, wallets, and assets viewable to the public. Yes, thatÆs right, public to the entire EVE population. This bold plan requires a bit of coding on my part and testing before it goes public. It also requires a contract API, which is not existent at the moment.
After fully automating the CSF public records, we will move to the Mineral Reserve.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.17 02:05:00 -
[7]
Obviously you have nothing constructive to post. CSF and the Mineral Reserve are independent business. They will both have ongoing publically available wallets, and journals. This will be a standard too high for many to match.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.17 03:35:00 -
[8]
The Exchange is allready audited by the BOD. Long term plan is to also move the Exchange into its own account; get every indpendent business separeted into its own account.
Like I said before, we are raising the bar higher than anyone.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.17 04:09:00 -
[9]
Edited by: Block Ukx on 17/02/2011 04:11:21
Yes, and we took action and are changing things. The BOD had many discussions to adress many of the issues and we came with a plan. We are moving CSF to a new account, where the BOD has the API key to the new CSF corporation. We are the leaders in transparency and are taking it to a new level of full transparency. No other investment comes even close.
PS Edit. IÆm sorry for derailing your thread. I strongly believe the Exchange can offer excellent tools for you to manage your own bond. Don't hesitate to contact BSAC MMM if you are interested.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.17 04:13:00 -
[10]
Originally by: Kalrand
Originally by: Block Ukx
We are the leaders in transparency and are taking it to a new level of full transparency. No other investment comes even close.
If you keep saying this, perhaps some day it may be true. But it is not now.
Well, then point me to an IPO that is more transparent. Show me one that will make their records public knowledge.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.17 04:22:00 -
[11]
Originally by: Kalrand
Originally by: Block Ukx
Well, then point me to an IPO that is more transparent. Show me one that will make their records public knowledge.
You can publish all the records you want publicly, but if no one is able to confirm a darn thing you say, then they are absolutely worthless.
So you can't find any corporation more transparent than BSAC.
The new record system will be verified via API by various Trustees, which include the BOD, and several trusted individuals.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.17 04:29:00 -
[12]
Show me one that has more transparency. A one time audit is NOT transparency. Show me one that has records going back several years.
Your Bond does not even come close to our corporation.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
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Posted - 2011.02.17 04:41:00 -
[13]
You have no evidence that the records I published are false. You have no evidence that IÆm running a Ponzi scheme. And yet, you think people should take your word as a definite prove that IÆm running a Ponzi scheme. It is very easy to accuse people of wrong doing without any evidence. Backup your claims with some prove.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.17 04:44:00 -
[14]
Originally by: AkJon Ferguson
Back in the insurance fraud days (I hung out in the minerals channel with Molic, BSAC and others) I was under the impression that BSAC was all about owning a bunch of minerals for the sake of owning minerals. Seemed silly at the time and especially when most minerals predictably crashed as insurance fraud was phased out (perhaps that's when the 'real' fraud began.) I think it stinks that you're letting Molic tarnish his own name by standing up for you, though. His gameplay (exclusively industrial) might not suit everyone but at least he has integrity.
I hope when your scam unravels that you'll at least have the courtesy to give us a synopsis. Should be an interesting read.
It will be extremely rewarding when the new system comes online and people will see with their own eyes how wrong you are.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.17 04:47:00 -
[15]
Originally by: Kalrand
Originally by: Block Ukx
You have no evidence that the records I published are false. You have no evidence that IÆm running a Ponzi scheme. And yet, you think people should take your word as a definite prove that IÆm running a Ponzi scheme. It is very easy to accuse people of wrong doing without any evidence. Backup your claims with some prove.
Give me the API keys I need to see all of the assets you have in the various BSAC wings, and I will prove it is a Ponzi scheme.
Oh sure, because you have show how objective you are. DonÆt worry, the beauty of the new system is that everyone will see the journals and wallets.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.17 04:54:00 -
[16]
Originally by: Two Shots
Originally by: Block Ukx
You have no evidence that the records I published are false. You have no evidence that IÆm running a Ponzi scheme. And yet, you think people should take your word as a definite prove that IÆm running a Ponzi scheme. It is very easy to accuse people of wrong doing without any evidence. Backup your claims with some prove.
The proof is not that Kalrand called you out on a Ponzi scheme.
The proof is how you have reacted to being called a Ponzi scheme.
Yes, BSAC's reaction has been to move toward 100% transparency, where records will be made public to the entire EVE population verified via API.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.17 04:57:00 -
[17]
Originally by: Kalrand
Your tune just went from "BUT YOU CAN'T PROVE IT!!!".
And I accepted your challenge.
But you can't let the BSAC fail-train derail here, so you deflect.
Besides, if I write something biased, your ultimate defense would be to release the same keys to a third party, who could then publicly tar and feather me.
When the system comes online people will see who is wrong and who is right.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.17 05:00:00 -
[18]
Originally by: Two Shots
Or you could reveal that information right now.
Contrary to what you may wish people to believe, things can and often do happen immediately.
The fact that you are delaying makes you suspect.
You will need to wait for the new system. I will enjoy showing how wrong you are.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.17 05:08:00 -
[19]
Originally by: Kalrand
A new system that no one who is not you can actually see the underlying data?
And by underlying, I mean the raw API data directly from eveonline.com, and not some useless report your system spits out?
I think I was very clear on the new system been verified via API. The data will be viewable to the entire EVE population and the integrety of the data in the server will be verified via API by Trustees.
Is that clear enough, or does it needs more explaining?
BSAC Stock Exchange - EVE's only real-time stock exchange |
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