no 100% interest daily?  |
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What about pirate and Nefario (might be the same person after all  ) default at the same time? I think you are screwed  |
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is that all? i was getting worried with people still selling at 1.02 even now... i was thinking maybe they know something i don't...
Could it be the remainder of Goats' Asks? Might be just someone who wants to go out. Goat is buying back the bonds at 1 BTC, so it's more favourable to sell them at market price. |
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Have you considered providing your services for bitcoins? Maybe you could find more "bitcoin" investors for your company that way.
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Updated table as of GLBSETime 03:57, Wed Jun 27: | No | Asset | Total Shares | 5 day average price | Market Capitalization | % | | 1 | GIGAMINING | 40000 | 0.934 | 37360 | 22.85% | | 2 | TYGRR.BOND-P | 21826 | 1.044 | 22786 | 13.94% | | 3 | BITBOND | 46138 | 0.477 | 22008 | 13.46% | | 4 | BIB.PIRATE | 14107 | 1.055 | 14883 | 9.10% | | 5 | ZIP.A | 9930 | 1.117 | 11092 | 6.78% | | 6 | YABMC | 54278 | 0.168 | 9119 | 5.58% | | 7 | PPT.DIV | 9000 | 0.745 | 6705 | 4.10% | | 8 | PUREMINING | 20000 | 0.285 | 5700 | 3.49% | | 9 | MOVETO.FUND | 5213 | 0.902 | 4702 | 2.88% | | 10 | FOO.PPPPT | 4364 | 1.076 | 4696 | 2.87% | | 11 | COGNITIVE | 6538 | 0.614 | 4014 | 2.45% | | 12 | PPT.B | 3000 | 1.243 | 3729 | 2.28% | | 13 | PPT.C | 3000 | 1.168 | 3504 | 2.14% | | 14 | PPT.D | 3000 | 1.131 | 3393 | 2.08% | | 15 | TYGRR.BOND-B | 33300 | 0.101 | 3363 | 2.06% | | 16 | PPT.E | 3000 | 1.052 | 3156 | 1.93% | | 17 | TEEK.B | 1999 | 1.075 | 2149 | 1.31% | | 18 | TYGRR.BOT | 1243 | 0.923 | 1147 | 0.70% | | 19 | PPT | 36 | 0 | 0 | 0.00% | | 20 | PPT.A | 0 | 1.249 | 0 | 0.00% |
BTC-MINING is out of top 20 GLBSE most traded, replaced by BIB.PIRATE. Total market capitalization of these assets is 163506. Mining: 51.24% Pirate: 31.39% Other: 17.37% |
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If BTC price goes up your bonds will degrade. As bitcoins supply will halve at the end of the year, that will very likely happen. So unless someone wants to short bitcoin he will not buy your bonds. It really does not matter what company you have and what dividends you will pay, your bond holders will lose much more money if your bond price plunges which is very likely to happen.
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Geez, look at Tygrr-Bond-A and generally M.ETF. Did the difficulty halve?
Tygrr-Bond-A pays dividends at a difficulty change, which is once in 2 weeks. |
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I have it on good authority that Pirateat40 has been detained in Isle of Man SeaLand customs. Payments will be processed in 6-8 weeks.
Now watch the market panicking Mining bonds crash is nothing in comparison to what will come now |
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Any chance to change the contract or respond to questions why the buyback clause states: "The issuer has the right to buy back,at any time, all bonds issued for twice the price of the previous 120 hour average market price."
Do you expect the bond price to devaluate at some time in the future (for example if you stop paying dividends). Why not buy back the bonds at the original IPO price? It's basically a debt with fixed interest rate.
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ciuciu ,have you give any margin to those one lend shares to you?
if you lose the bet, what kind of back up plans do you use to cover the loss? is there any possibility that people will never get back their bonds and wealth again?
He's paying double dividends to lenders. |
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I think dividends will be too low for anyone to be interested and people holding bitcoins believe the bitcoin price will go up in the long run. BTW, how much Apple pays per share per week |
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nonsense; BTC exchange rate movement will make this a bad investment for both investors and issuer; and I pretty much doubt that there's enough high quality assets on GLBSE to invest such high sums into for long term
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Shares are down to below 0.55 now (got some for cheap too ). So this is a great deal, unless that FPGA breaks next day It was purchased with Cognitive's order, so it will break down right when the rest of the boards do  (Long, long time.) I will be accepting bulk orders (50+) for 12 hours after the motion passes, then they will be put up for sale publicly. Hmm, I thought that the board seller wants to actually exchange the board for shares at 0.6, as he wants to reinvest into Cognitive. But nevermind, it should be sold at 0.6 publicly anyways. |
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[ConspiracyTheory]
1. Pirate is from Dallas.
2. George W. Bush (Jr.) is from Dallas.
3. Therefore, Pirate is George W. Bush!
[/ConspiracyTheory]
So, are we actually financing war in Afghanistan? Oh man, I think I'm going out |
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Shares are down to below 0.55 now (got some for cheap too ). So this is a great deal, unless that FPGA breaks next day |
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Don't expect gigavps going out of the mining business. He has higher aims ... >50% network hashrate |
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What about about possible BTC price increase. Will you still able to pay 3% per week in BTC let's say a year later?
I second that question about buyback price. Rather do it like Goat does in his Tyggr-bond-B. This is too risky for investors as well as for you possibly too.
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I will issue 5000 more bonds early next week.
The price will be somewhat lower than the last issue, to account for hardware advances and the increase in the BTC exchange rate, both of which mean that more hashrate can be bought per bitcoin.
I wonder if you already paid your current bond holders enough on dividends, so they don't go into loss when you will be pushing market price down while issuing more of these bonds at lower price. I don't hold any of these bonds, just curious. |
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Where's BIB.PIRATE? It should be 4th on that list.
not among top 20 most traded assets on GLBSE But the criteria is market cap and not trade volume, correct? It isn't as trade as TYGRR, PPT or FOO because shares are transferred instead of bought, but the market cap is the same. The first criteria is the total trade volume. Only top 20 most traded assets get into this table. Then the market cap is calculated. I do 'kinda wonder why you don't just rank the top 20 by market cap and leave out (what I consider to be) the useless total trade volume criteria. Will you explain your reasoning for this so that I might understand it better  I already did somewhere at the start of this thread  And also I'm pretty lazy to make more complicated script  |
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Hi P4man,
Asking direct questions will get you direct answers. As for purchasing equipment that will devalue gigamining's bond value, this is the situation I am faced with.
There are two options I see:
1. Don't do anything when ASIC comes out and watch all of my efforts with gigamining get eaten up by others with ASIC.
2. Offer something to gigaminers that allows for the opportunity to jump on an otherwise very costly ASIC investment.
I would rather do option #2. What the exact details of this are depends on a couple factors that we will not know until a later date. If you think I'm going to turn my back on the bitcoin community or gigaminers and walk away, you best think again. I am here to do what is right, not what is convenient.
Best regards,
gigavps
You run a business, you should do what makes financial sense for your business. You have no obligations to your bondholders other than whats in the contract. That asics are about to render those bonds almost worthless is not your "fault" or responsibility, and frankly there isnt much you can do about it even if you wanted. Buying asics yourself or not doesnt change a thing, because someone else will anyway. What I was responding to, was just your enthusiasm about getting asics later, it sounded as if gigaminers were supposed to be happy about that; shareholders might be (but IMO shouldnt), but any rational bond holder will feel the exact opposite. As for what to do; heh, thats obviously your call. Ive posted a gazillion posts already why I think buying asics is something in between russian roulette and certain suicide, that was my position when BFL announced minirigs and I feared and predicted this would happen; but you already have a significant investment in BFL FPGAs, that does change things. The BFL trade up program will put FPGA owners like you in the uncomfortable position of having to chose between doubling their bet (and a bet that I think is more than just risky, unless you get some special treatment and/or guarantees from BFL) or eating the losses on those mini rigs. If I where you, Id do neither, and try to sell all my BFL gear to someone willing to play russian roulette with those asics; but hey, thats just me. If you decide the other way, I just hope I will be able to short bonds by then Speaking of which, GeoRW , how exactly did you short those bonds? Just sold them when ciuciu was borrowing large amounts of mining bonds. Then bought some of them back for much lower price (even got some at 0.98). Now I'm just keeping a fairly small amount for daily trading. My whole loss was about 1-2%, which I already recovered But if you hold large amount of bonds, that's another story |
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