There's not much of a chance that MtGox keeps all bitcoins in their unecrypted hot wallet, I guess. So, even if they are hacked, they wouldn't lose all coins like Bitfloor.

yes, like someone will ever have 999,999,999 bitcoins to buy a share 

There are several exchanges for litecoins. None is so big as MtGox in bitcoin world which is actually better for the whole economy not to be dependent so much on one exchange and price manipulation movements there. Regarding namecoins, bitcoins can also be considered as a commodity, not a currency, in digital world it really doesn't matter. BTW, you can add Linden dollars and Liberty Reserve to the list and more are coming as we speak I wish bitcoin all the best (I own a bunch of them and its a intrepid pioneer in this field) but bitcoin will not be the only electronic currency in the future and it's quite probable that it won't be the biggest one either. There's still long way ahead and who knows what the future holds 

It depends how much will other electronic currencies improve meanwhile. There's already solid competition in namecoins, litecoins etc. In future I predict there'll be a lot of competing electronic currencies and bitcoin might still be ahead of others regarding general adoption, features, infrastructure etc. but I wouldn't definitely bet on that
It will go way beyond what Friedrich Hayek described in his "The Denationalization of Money" paper for sure

You can still apply the forced buyback and recall the security (should be without fees AFAIK), but some people may not like it 

I don't know what's Open Transactions  Any links?

Motion was raised to issue 700 additional shares for operation of BitcoinCentral bot. Please vote.


You can see the BitcoinCentral bot performance stats in the original post.

If the price goes downwards out of the range we will end up with only bitcoins and no fiat money. In that case I would raise a motion if we want to wait for the price to go back upwards into our range, and/or to spend all the profit we made during that week to extend the range downwards or to shut down the asset and distribute bitcoins to shareholders. That's the exit strategy if price goes below the range. In this case we will end up with more bitcoins because we bought them lower than we sold them.
It may happen also that price will go steeply upwards and bot will not be able to catch up moving range upwards. This scenario less likely because I made it so that the range can move upwards faster (and much less costly) then downwards. In such scenario, bot is spending (some) profit for moving the range upwards. Also if bot will not be able to catch up moving range upwards and price will slip out of the range and will remain at higher levels for several weeks and forseeable future (looking at the MtGox market depth), we may extend the range upwards and continue trading at that higher prices as well but in this case the dividends/profits will be lower as the trading amount will be lower (I may raise a motion to spend let's say 50% of profits for strengthening the range). In this case investors will still not lose a single bitcoin but may expect lower dividends until we catch up with the price increase or until the price correction occurs. Right now we USD bot covers range approximately between 8.5 and 18 USD.

Also I would note now that at higher prices we have smaller orders and (at MtGox) we pay higher fees, so expect lower profits at higher prices if volatility stays the same. And also I don't understand why this asset is traded as high as 0.25. That's 2.5 times higher then was the IPO price and unless you expect such huge volatility as was last week to occur often don't buy it at that high price 

Maybe police took it down after someone filed a criminal report on him. They are maybe gathering evidence and trying to prevent him to hide his treasure chest. Did anyone see him online afterwards? If someone called police on him, they might have confiscated his computer, servers etc.

The secret is keeping the range large enough, so that the price will not slip out of it and in case price is approaching the end of the range start moving the range. I don't want to explain everything in detail (so everyone will just start to copy it) but I set it up so that moving range upwards is much easier than moving it downwards. Even after the market price slips out of the upper range boundary I can still move it upwards and cost will be minimal (this may be considered as a loss but is so small that it will be quickly covered when normal operation resumes). The last market rally and crash was quite a test and we passed it very comfortably, just for one day price went below 8 USD which was the lower range boundary but it quickly recovered back to around 10.

Second dividend was paid. This week was hugely volatile, started with a market crash, then volatility continued due to uncertainty around pirateat40. This is probably the highest dividend for a while. I didn't expect this bot will perform above 1% weekly, now we got 6.29%  Enjoy the dividends.

For some to meet all verification items is impossible, for example my country is not in the list of countries Nefario can make a call to, I don't use facebook either (creating an account just for verification might be considered cheating), I don't have an international passport (for traveling in EU and most other european countries you just need your national ID, no international passport is required). I've added Nefario in LinkedIn but no response from him yet. I might verify my address and e-mail if investors will require but right now I manage only less than 200 bitcoins.

system might be BTC as well. Maybe he needs to sell some of his bitcoins (his profit or his client's money?) in the first phase for as high as he can. If he started to pay back he's in risk price will plummet after those people who already got their coins will start flooding the market with them. Who knows, we may as well be close to 3 USD in 2 weeks from now. But that's just a speculation 

Maybe I would invest into this but being on MPEX is risky as hell and I don't want to support spamming of the blockchain with huge amounts transactions either (my SSD drive has only 128 GB).

If market's going down we are buying coins cheaper, so profit in BTC is high now. What I'm worried though is that the price will go downwards too much and it will slip out of the range the bots are covering. So I'm slowly extending the range downwards which may cut down our profit a bit if price recovers quickly upwards but I would rather have this as a long term project. If the price will go below around 8 USD and below 5 EUR quickly and will not recover in under a week I will  raise a motion if  investors want to wait a bit longer for markets to stabilize or liquidate the asset or move the range downwards (this third option will be costly but may make us more profit in longer term). I will let you know exact figures if that will happen for you to decide.

nope, bitcoin.de is just slow to react to MtGox price changes. You cannot trade real-time like at MtGox, you buy and sell bitcoins in a similar way like on ebay. Users send money to each other and then confirm the transaction. After confirmation bitcoins are moved to the buyers address. Therefore arbitrage cannot be much automatized. There's no trading API either.

First dividend was paid. It is rather low 'cause the price went most of the time straight upwards. But good news is that with recent market crash and huge volatility we are profiting a lot. Also we breached 100 BTC trade volume barrier and having only 0.55% trade fees as of now. Next trade volume barrier to 0.53% is close (92.74% - almost there). Also BitcoinCentral bot is almost ready and working nicely, I have fed him with 70 bitcoins and plan to implement 2-factor authentication this week. If remaining shares from IPO will not be sold this week I will buy them myself. The week after I plan to raise a motion to issue additional 700 shares (70 BTC) for BitcoinCentral bot. Have a nice weekend.

Pirate has lowered his rates because the bitcoin price jumped up. He said before that he is vulnerable to sudden price increase. So whatever he is doing is more risky now and therefore the dividends should be higher to compensate for this risk. I think that either he is behind the last rally and is buying back the bitcoins to repay his debt and close down his operation properly or if it's not him, he might be in deep trouble now. Enjoy the high dividends while you can 

Because he will eventually need to return the debt? Or are you saying that he will not pay interest and will not return the coins he borrowed and still not default?  If he sold bitcoins earlier at lower price for let's say providing loans denominated in USD, this price increase will hit him badly, so badly that he may be unable to repay his bitcoin debt.

Looks like they are out of ammunition, crazy times