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I'll trade with you.
You send first, then after 181 days, I'll send you the 150 BTC.
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I've used IMCEX before & am very happy with them. Low volumes, though.
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Well the idea developed over time. Originally they were "priced" at 1.00 and paid a 0.28 dividend, and we were going to insure them for 25% of 1.00. Then it was pointed out that it would be better to treat them more like zero coupon bonds with a face value of 1.28 and insure that for 25% (0.32) so we kind of got stuck with the 1.28 face value. However, it is kind of nice the way it is. The minimum bid is 1.00 and the max bid is 1.28. Doing it the other way the minimum bid woudl be 0.78125 with a face value of 1.00000. We may switch to that in the future. Perhaps when we start each issue on it's second round we will rewrite the contracts to the more standard form (0.78125 minimum, face value of 1.00000). If BS&T changes their program we will most certainly change ours and at that time we will probably move to the 1.00000 face value system. Thanks!
Thanks for the response Burt. I think the GLBSE has massive potential; I just want them to avoid getting bogged down in unnecessary complications...no matter how minor they seem at first. |
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If, in 6 months, GLBSE is hosting 20 different ZCB's all with differing par value, then what possible benefit would there be? The 1.00 standard (which already widely exists) will make it easier for potential investors to evaluate securities against each other, which in turn may make for a wider acceptance of alternative financial markets.
There is simply no reason to re-invent this particular wheel.
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Not to nick pick or anything, but why does this "zero-coupon bond" mature with a par value of 1.28 and not 1.00, which would be the normal par value for this type of financial security?
Overall great concept though, thanks for the contribution to the overall BTC community.
the .28 is essentially the interest. A 'coupon' is the interest you receive. Rather than sell 1 BTC bonds with .28 BTC coupons, its just a 0 coupon, 1.28 BTC bond. EDIT: http://en.wikipedia.org/wiki/Coupon_(bond) is a good read to explain a bit better. I understand all that. But in the so-called real world, zero-coupon bonds will nearly always have a par value of 1.00 (usually $1000). As such the original pricing would be something like .85 or whatever for these types of bonds, subject to market forces. Again, I'm being nick picky, but if GLBSE/PPT is already trying to mimic a lot of practices that already exist in the financial world, why not go the same route with this type of instrument? |
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Not to nick pick or anything, but why does this "zero-coupon bond" mature with a par value of 1.28 and not 1.00, which would be the normal par value for this type of financial security?
Overall great concept though, thanks for the contribution to the overall BTC community.
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Tradehill hasn't been operational for some time.
Your best bet is probably the OTC market.
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We should see Intersango expand in coming months however.
Why is this? |
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I've bought a few times from newdude; the codes always come quick & work just fine.
Thanks!
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I can pay 85% in BTC (for example 17 BTC per $100 code) or even higher if you have decent reputation.
I can either go first, do escrow, etc; again, depending on your trade rep.
Thanks!
EDIT : All set for now, thanks!
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Rupert from survivor for his little "Troubled Boys" funds would gladly look into something new like this for donations I bet.
He's actually running for governor of Indiana as a Libertarian. Donations in Bitcoin to his campaign would be pretty cool. http://rupertforgovernor.com/ |
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Got it taken care of guys; thanks for the info.
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Well, I'm definitely going (not as a vendor, but as a delegate). It would be cool to get some sort of informal meetup scheduled.
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Hoping to get 50 BTC OBO; will go first if you have decent rep here.
Thanks!
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Would you take 3.8 BTC for the Red Robin card?
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Wow, *zero* interest? I thought Libertarianism & Bitcoin made such a good pair.  |
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Inventory updated again in first post; we're either out or nearly out of 4 different varieties.  |
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I know a lot has been said about newdude; all I know is that I bought a code from him about 2 weeks ago & everything went perfectly smooth.
Thanks man.
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You're very welcome weex!
Inventory has been updated in the OP.
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That was my first guess, actually.
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