open All Channels
seplocked Market Discussions
blankseplocked BSAC Zero Coupon Bond MRBLOCKBOZ15 PAID
 
This thread is older than 90 days and has been locked due to inactivity.


 
Pages: [1] 2 3 4 5 6

Author Topic

Block Ukx
Forge Laboratories
Posted - 2011.03.05 02:02:00 - [1]
 

Edited by: Block Ukx on 10/04/2011 02:13:35

BSAC Zero Coupon Bond MRBLOCKBOZ15

NEISIN: MRBLOCKBOZ15
Volume: 10,000
Face Value: 1,030,000
Interest: 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.



<R30> = 3.53 %


EDIT: Replace word 'Rate' with 'Interest'

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.




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.



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.


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.



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 Wink

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?

Block Ukx
Forge Laboratories
Posted - 2011.03.05 04:21:00 - [14]
 



Stop being so dramatic. Everyone knows without a shred of doubt that I will pay back the investors on April 9.



zafonic
Posted - 2011.03.05 04:51:00 - [15]
 

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 - [16]
 



I don't think a 100 ISK coupon will be a good test of the current interest rate.



zafonic
Posted - 2011.03.05 05:06:00 - [17]
 

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 - [18]
 



Yes, but I beleive 10B will yield a better measure of the "risk-free" interest rate.




Edwin Rothbard
Interstellar Arbitrage
Posted - 2011.03.05 05:23:00 - [19]
 

Edited by: Edwin Rothbard on 07/03/2011 22:15:30

On second thought i'll follow my mother's advice here.

Block Ukx
Forge Laboratories
Posted - 2011.03.05 05:26:00 - [20]
 



That's exactly why the 10B will be a good test for the "risk-free" interest rate.





Varo Jan
Caravanserai Consulting
Posted - 2011.03.05 05:48:00 - [21]
 

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 - [22]
 



Off course everyone knows, even you know very well I will pay back on April 9.



Rasz Lin
Caldari
Uitraan Diversified Holdings Incorporated
Posted - 2011.03.05 05:53:00 - [23]
 

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.

Varo Jan
Caravanserai Consulting
Posted - 2011.03.05 06:49:00 - [24]
 

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 - [25]
 

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....

khai88
Posted - 2011.03.05 07:25:00 - [26]
 

After month of look at MD i found that BSAC forum topic have the biggest flame. Was it Jealousy that IF BSAC was a scam it will be the biggest of EVE history 700b + or thier just want to throll in here, and hell i do believe this bond is truth as compare 100b to 700b scam no point scam 100b when you can scam more right Cool(PS i was on of the investor in BASC and i thruth them fully Laughing)

Randlak
Posted - 2011.03.05 07:44:00 - [27]
 

Originally by: khai88
After month of look at MD i found that BSAC forum topic have the biggest flame. Was it Jealousy that IF BSAC was a scam it will be the biggest of EVE history 700b + or thier just want to throll in here, and hell i do believe this bond is truth as compare 100b to 700b scam no point scam 100b when you can scam more right Cool(PS i was on of the investor in BASC and i thruth them fully Laughing)


I think ebank is the biggest.

flakeys
The Great cornholio's
Paper Tiger Coalition
Posted - 2011.03.05 08:26:00 - [28]
 

Originally by: khai88
After month of look at MD i found that BSAC forum topic have the biggest flame. Was it Jealousy that IF BSAC was a scam it will be the biggest of EVE history 700b + or thier just want to throll in here, and hell i do believe this bond is truth as compare 100b to 700b scam no point scam 100b when you can scam more right Cool(PS i was on of the investor in BASC and i thruth them fully Laughing)


Their public investments are not 700 B by my knowledge to correct you there.

RAW23
Posted - 2011.03.05 12:47:00 - [29]
 

I must be a bit hard of understanding so forgive me if the answer to this question is obvious:

Why can't this be done entirely internally without asking public investors to risk their isk?

zafonic
Posted - 2011.03.05 12:49:00 - [30]
 

I must say Block you are exhibiting very wierd behaviour.

You do/did have some great reputation.
It has taken quite a hit with your rigidity and refusal to be more transparent.

Now you are starting to act directly as if you are in fact running a huge ponzi scheme.
Your posts seem to not even care that it looks terrible.

In the history of MD, we need 10B ISk to test code has to be one of the worst statements to get capital EVER.

No one can understand the logic behind. Simple maths shows testing code does not reuire a larger sum of money.

There is no good reason to require capital to test code. I would love to hear your argument for it.


Pages: [1] 2 3 4 5 6

This thread is older than 90 days and has been locked due to inactivity.


 


The new forums are live

Please adjust your bookmarks to https://forums.eveonline.com

These forums are archived and read-only