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Block Ukx Forge Laboratories	Posted - 2011.03.05 02:02:00 - [1] BSAC Zero Coupon Bond MRBLOCKBOZ15 NEISIN: MRBLOCKBOZ15 Volume: 10,000 Face Value: 1,030,000 Rate: 3 % Maturity: April 9, 2011 We have a new zero coupon bond available selling at 1,000,000 ISK per bond in the BSAC Exchange. At maturity, you will receive interest plus principal (face value), or 1,030,000 ISK per bond. BSAC Stock Exchange - EVE's only real-time stock exchange
Caldariftw123	Posted - 2011.03.05 02:06:00 - [2] Curious, what's the bond for? Seems odd to need 10billion isk for 30days given your position.
Block Ukx Forge Laboratories	Posted - 2011.03.05 02:13:00 - [3] Originally by: Caldariftw123 Curious, what's the bond for? Seems odd to need 10billion isk for 30days given your position. Mostly testing the code. I'm changing some things. BSAC Stock Exchange - EVE's only real-time stock exchange
Caldariftw123	Posted - 2011.03.05 02:20:00 - [4] Edited by: Caldariftw123 on 05/03/2011 02:20:46 Originally by: Block Ukx Originally by: Caldariftw123 Curious, what's the bond for? Seems odd to need 10billion isk for 30days given your position. Mostly testing the code. I'm changing some things. I see, thanks. How's the audit website coming on? Did you read the post suggesting it is licensed out when completed, so people can set up running audit checks via a 'trusted website' for bonds/ipos to register into? Regardless of what I or anyone else thinks of BSAC, if your code is good for producing the data from the API it would be very useful to be used elsewhere .. .. though as I type this out I realise that you would probably allow access to it, but via your website and exchange. So my next question is, would you let it so people can use it, without actually setting up the bond with you (giving you shares/isk) but just allowing access to an API for the website to monitor, in return for some sort of monthly isk fee? I think it's a good idea, anyway.
Krythas	Posted - 2011.03.05 02:56:00 - [5] Edited by: Krythas on 05/03/2011 02:58:50 Originally by: Block Ukx Originally by: Caldariftw123 Curious, what's the bond for? Seems odd to need 10billion isk for 30days given your position. Mostly testing the code. I'm changing some things. What testing is needed that requires outside public investment ? Surely you are not that disorganised that you cant test internally with your own shell corporations/alts/shares issued internally ? Why on earth would you need 10bn of public money to 'test' code ? surely, if the code is that badly written that this testing HAD to have from an outside investment source, making shares available at 10ISK with a 30% return would be a lot better and probably get more interest while still achieving the same result ? edit: clarification and grammar
Zeeawk	Posted - 2011.03.05 02:57:00 - [6] Originally by: Block Ukx Originally by: Caldariftw123 Curious, what's the bond for? Seems odd to need 10billion isk for 30days given your position. Mostly testing the code. I'm changing some things. Curious as to why you need to test with 1,000,000 ISK ? Wouldn't your code be equally testable with 100 ISK bonds?
Block Ukx Forge Laboratories	Posted - 2011.03.05 03:03:00 - [7] It is just an idea I have for testing effective rate of investment. As bond approaches maturity, effective rate increases. BSAC Stock Exchange - EVE's only real-time stock exchange
Zeeawk	Posted - 2011.03.05 03:10:00 - [8] Originally by: Block Ukx It is just an idea I have for testing effective rate of investment. As bond approaches maturity, effective rate increases. Could you give me an example of the effective rate increase ? The maturity rate is 3% so how does it increase ? And just as secondary thought couldn't you test the same thing using a simulation with a for loop and no money ?
Block Ukx Forge Laboratories	Posted - 2011.03.05 03:17:00 - [9] Originally by: Zeeawk Could you give me an example of the effective rate increase ? The maturity rate is 3% so how does it increase ? And just as secondary thought couldn't you test the same thing using a simulation with a for loop and no money ? It's a zero cuopon bond, so offer price remains the same 1,000,000 ISK. At maturity you get face value (1,030,000), so the effective rate = 3% * 30 / (number of days from maturity). I can't simulate current market sentiment with a loop. BSAC Stock Exchange - EVE's only real-time stock exchange
Zeeawk	Posted - 2011.03.05 03:38:00 - [10] Edited by: Zeeawk on 05/03/2011 03:43:22 Originally by: Block Ukx Originally by: Zeeawk Could you give me an example of the effective rate increase ? The maturity rate is 3% so how does it increase ? And just as secondary thought couldn't you test the same thing using a simulation with a for loop and no money ? It's a zero cuopon bond, so offer price remains the same 1,000,000 ISK. At maturity you get face value (1,030,000), so the effective rate = 3% * 30 / (number of days from maturity). I can't simulate current market sentiment with a loop. Ok ill be the first one to yell SCAM at the risk of being flamed. If you really needed do this for pure testing reasons, you could do it with 1,000 ISK per bond. If you did this the interest would be 1 ISK per day. So total cost would be 10,300,000 ISK If you change the bonds to 1,000 ISK each I will buy all of them to help test.
Block Ukx Forge Laboratories	Posted - 2011.03.05 03:41:00 - [11] Originally by: Zeeawk Ok ill be the first one to yell SCAM at the risk of being flamed. I won't flame you. Everyone will find out on April 9, 2011. BSAC Stock Exchange - EVE's only real-time stock exchange
Liberty Eternal	Posted - 2011.03.05 03:45:00 - [12] Edited by: Liberty Eternal on 05/03/2011 03:45:32 Originally by: Zeeawk Ok ill be the first one to yell SCAM You're not the first If Block wanted to have his accounts verified, he could have had it done ten times over by now. He doesn't need to write a computer code for it.
Varo Jan Caravanserai Consulting	Posted - 2011.03.05 04:11:00 - [13] Originally by: Block Ukx Originally by: Caldariftw123 Curious, what's the bond for? Seems odd to need 10billion isk for 30days given your position. Mostly testing the code. I'm changing some things. Good grief, you must be joking! I want 10B of public money to test my code? Just use some of the 150B in deposits you recently took in. Please don't tell me you've speculated all that away. Better still, use your own money to test your own code. Were you drunk when you posted this?
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.03.05 04:16:00 - [14] [Quote] Ok ill be the first one to yell SCAM at the risk of being flamed. Well ** I guess you beat me. Vote KALRAND for CSM!**
Block Ukx Forge Laboratories	Posted - 2011.03.05 04:21:00 - [15] Stop being so dramatic. Everyone knows without a shred of doubt that I will pay back the investors on April 9. BSAC Stock Exchange - EVE's only real-time stock exchange
zafonic	Posted - 2011.03.05 04:51:00 - [16] As a purely technical question, Would it be possible to test out the coupons with 100 ISK bonds? At date of maturity they would be worth 103 ISK. As the date gets nearer the ratio increase is the same whatever the value. As that is the case what is the reason of valuing the bonds at 1M vs 100 ISk, if this is only a test?
Block Ukx Forge Laboratories	Posted - 2011.03.05 05:00:00 - [17] I don't think a 100 ISK coupon will be a good test of the current interest rate. BSAC Stock Exchange - EVE's only real-time stock exchange
zafonic	Posted - 2011.03.05 05:06:00 - [18] Originally by: Block Ukx I don't think a 100 ISK coupon will be a good test of the current interest rate. If the interest rate is fixed, the coupon will ratio out the same whatever the bond value??? Am I calculating something wrong here? 3% on 100, 1000, and 1,000,000 ISK is still 3%. However close to maturity date you get the increase in interest rate ((days gone in month/30)x3%) still ratio's out the same. Can you please explain why it needs to be 1B for a test.
Block Ukx Forge Laboratories	Posted - 2011.03.05 05:14:00 - [19] Yes, but I beleive 10B will yield a better measure of the "risk-free" interest rate. BSAC Stock Exchange - EVE's only real-time stock exchange
Edwin Rothbard Interstellar Arbitrage	Posted - 2011.03.05 05:23:00 - [20] Originally by: zafonic Can you please explain why it needs to be 1B for a test. and by 1b you mean 10b right? 10,000 x 1,000,000 = 10,000,000,000 I'm a software engineer by trade who's worked in both tax and banking industries at times. It's difficult to justify why 10b isk would be required to test code that accrues simple interest. You could just as easily test with 100isk or 1,000isk or 10,000isk bonds. If the code works with 10,000 bonds it would surely work with only 100 or 1000 bonds. The only reasonable explanation I can see for asking for 10b isk is to further a ponzi scheme. This 10b could be used to pay interest on the hundreds of billions block has already outstanding. Next month will likely be another request for funds to further the scam. Unfortunately the pyramid won't reveal itself until people stop sending their money.
Block Ukx Forge Laboratories	Posted - 2011.03.05 05:26:00 - [21] That's exactly why the 10B will be a good test for the "risk-free" interest rate. BSAC Stock Exchange - EVE's only real-time stock exchange
Varo Jan Caravanserai Consulting	Posted - 2011.03.05 05:48:00 - [22] Originally by: Block Ukx Everyone knows without a shred of doubt that I will pay back the investors on April 9. No, they don't. Reputation counts for nothing. You're not Chribba, Grendell or TS. Besides, you've scooped up huge sums of late and your behaviour has been perplexingly erratic. An imploding Ponzi is certainly a possibility. "I need 10B to make up a working capital shortfall" would be believable. But "I need 10B to test my code" is... pathetic, truly pathetic, especially for an organisation the purported size of BSAC.
Block Ukx Forge Laboratories	Posted - 2011.03.05 05:52:00 - [23] Off course everyone knows, even you know very well I will pay back on April 9. BSAC Stock Exchange - EVE's only real-time stock exchange
Rasz Lin Caldari Caldari Provisions	Posted - 2011.03.05 05:53:00 - [24] Originally by: Block Ukx Stop being so dramatic. Everyone knows without a shred of doubt that I will pay back the investors on April 9. You mean April 1.
LeonessDarkpaw	Posted - 2011.03.05 05:57:00 - [25] Originally by: Kalrand Edited by: Kalrand on 05/03/2011 04:16:54 Quote: Ok ill be the first one to yell SCAM at the risk of being flamed. Well **** I guess you beat me. Look Mom I get to call everyone else a scam when in fact i am running one myself.
Kalrand GoonWaffe Goonswarm Federation	Posted - 2011.03.05 06:08:00 - [26] Originally by: LeonessDarkpaw Originally by: Kalrand Edited by: Kalrand on 05/03/2011 04:16:54 Quote: Ok ill be the first one to yell SCAM at the risk of being flamed. Well ** I guess you beat me. Look Mom I get to call everyone else a scam when in fact i am running one myself. you cheese I hope you trip on stack of s and get ed by a god damned gremlin. Or buy KalBonds I'm cool with that too. Vote KALRAND for CSM!**
LeonessDarkpaw	Posted - 2011.03.05 06:25:00 - [27] Edited by: LeonessDarkpaw on 05/03/2011 06:25:40 Originally by: Kalrand Originally by: LeonessDarkpaw Originally by: Kalrand Edited by: Kalrand on 05/03/2011 04:16:54 Quote: Ok ill be the first one to yell SCAM at the risk of being flamed. Well ** I guess you beat me. Look Mom I get to call everyone else a scam when in fact i am running one myself. you cheese I hope you trip on stack of s and get **ed by a god damned gremlin. Or buy KalBonds I'm cool with that too. Maybe your right you dont have a mom
Varo Jan Caravanserai Consulting	Posted - 2011.03.05 06:49:00 - [28] Originally by: Block Ukx Off course everyone knows, even you know very well I will pay back on April 9. Kindly do not put words in my mouth. I have no idea if you'll pay up. What I do know is that asking for 10B to check your code is the most stupid reason I have yet to see in MD. Why you persist in trashing what's left of your reputation is beyond me. Give it up, Block. You're doing yourself a disservice.
Poison Forge Laboratories	Posted - 2011.03.05 06:55:00 - [29] Originally by: Varo Jan Originally by: Block Ukx Off course everyone knows, even you know very well I will pay back on April 9. Kindly do not put words in my mouth. I have no idea if you'll pay up. What I do know is that asking for 10B to check your code is the most stupid reason I have yet to see in MD. Why you persist in trashing what's left of your reputation is beyond me. Give it up, Block. You're doing yourself a disservice. Tell that to our investors....
Randlak	Posted - 2011.03.05 07:12:00 - [30] Originally by: Poison Originally by: Varo Jan Originally by: Block Ukx Off course everyone knows, even you know very well I will pay back on April 9. Kindly do not put words in my mouth. I have no idea if you'll pay up. What I do know is that asking for 10B to check your code is the most stupid reason I have yet to see in MD. Why you persist in trashing what's left of your reputation is beyond me. Give it up, Block. You're doing yourself a disservice. Tell that to our investors.... Mocking the mentally disabled is reprehensible.

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