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Title: Re: TYGRR.BOND-PI 1 BTC face 100% Insured Pirate Bonds BTCST Post by: ianbakewell on August 21, 2012, 11:07:53 PM I understand your position and respect your execution. Like I said, you are following the contract the way you interpret it. Fair enough.
I pointed out the specific area I had a problem with, particularly the vague wording around what would happen in a closure / default. In the future please take this into consideration and work a little more on the contract section that would be involved in a "wrapup" of the offering. The issue comes from me believing you should have paid out on "closure" (If BTCST does not default the bond will be worth 1 BTC.) And you believing the time has come on "Default" (If BTCST defaults the bond will be worth 1 BTC.) Unfortunately the contract mentions both cases, but without a clear definition or plan of action on either. Not trying to troll, just presenting my viewpoint with hopes that future offerings are better defined :) |