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Post by microfarad on Oct 22, 2010 5:03:32 GMT
Welcome to the Bank of Faridia.
Here I will do such things as any normal bank. I must work on the logistics of all this, but I wanted to get it up soon.
Bank of Faridia Balance 2000 DBs
Loan interest rate .1% compounded daily
Loan cap (Bank) = 900 DBs
Loan cap (Individual) = [DBs of User] + 100 DBs
shares = 1501
share price = 1 DB
The Bank of Faridia is selling stock! Just ask to buy a share! Each share currently costs 1 DB, the money will go to the bank. 1/2 of all of the Bank of Faridia's profits will go to share holders. The other 1/2 will go to expanding the capabilities of the bank. The more shares you own, the more profit you get...
The bank may not own shares, but it may create more.
All financial records for the Bank of Faridia will be made public.
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Post by Qwerty on Oct 22, 2010 5:21:21 GMT
Where are the records, anyway?
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Post by microfarad on Oct 22, 2010 5:27:28 GMT
There are none yet...
Edit:
I will buy 501 shares, I would like a moderator to complete this action...
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Post by DISTURBED on Oct 24, 2010 2:44:44 GMT
50 shares please.
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Post by V.I.R.O.S. on Oct 24, 2010 2:46:56 GMT
I buy all of the remaining shares.
Edit: That is 449 Shares
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Post by microfarad on Oct 24, 2010 2:52:39 GMT
Tomorrow the records will be going up. The Bank of Faridia will create 40 more shares, and the share price will rise to 25 DBs each!
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Post by Qwerty on Oct 24, 2010 3:30:15 GMT
Wait wait wait, people can't sell shares, can they? Otherwise this would be a ludicrous moneymaking proposition.
As to the shares, monies have been transferred.
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Post by microfarad on Oct 24, 2010 6:24:53 GMT
Un transfer them... VIROS already did it...
As for the ludicrous money making scheme... It is not... These people will not lose the money they spend in the event that the BoF closes down. I will personally assure that. The BoF basically needs a way to get some initial capital, before things can get rolling. Plus, I think it's a great way for some people to make money off of other people's borrowing.
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Post by DISTURBED on Oct 24, 2010 17:05:08 GMT
Did my 50 shares get buyeddd?
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Post by Qwerty on Oct 24, 2010 21:14:32 GMT
What I mean is, you shouldn't be able to buy 50 shares for 50 dan-balls, wait a day, then leave with 1250 dan-balls. If you buy a share it should be final.
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Post by DISTURBED on Oct 24, 2010 22:09:11 GMT
Hey, i put good dan-balls into this and expect something. Or im gonna be mad. I only have like 30 dan-balls and qwerty has 1,019,841.
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Post by Qwerty on Oct 25, 2010 3:51:16 GMT
Yes, but it's not permitted to raise share prices 25 times unless the bank's revenues were raised 25 times to compensate. You can't transfer money where none exists. So, you can't get a couple thousand dan-balls from a few dan-balls in a day simply because someone said so. If the shareholders decided to cash out, they would find the money is not there. See what I mean?
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Post by DISTURBED on Oct 25, 2010 19:44:11 GMT
I see, but i don't want to find out my 50 db went nowhere.
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Post by Qwerty on Oct 26, 2010 0:35:58 GMT
Naturally. That's why you get a share of the company profits, I believe.
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Post by Artifact123 on Oct 26, 2010 13:18:22 GMT
I don't really understand the above but i would like to store 500 ¥ as long as i don't have to pay more than 10 ¥ for storing my money here.
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Post by DISTURBED on Oct 27, 2010 0:35:04 GMT
So, have I gotten any DB?
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Post by microfarad on Oct 27, 2010 2:53:05 GMT
LAWL... Forgot about the thread. If users no longer want their shares, the bank will compensate them for the original price. No money appears from thin air. It just comes from the bank, or goes to it.
But this thread is dying, or barely ever lived. And somehow you guys managed to make 1000 Dan Balls go to my account, and 2000 got added to the balance. The balance should only be 1000. Let's lock this thread, ignore the balance, and give back the Dan Balls. That'd be -499 for me (due to the error), 499 for VIROS, and 50 for mudkips.
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Post by Qwerty on Oct 27, 2010 3:38:35 GMT
Mmk
Qwertyfixed
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[M:977802]
