Hola,

en lugar de publicar mis códigos de referencia en diferentes hilos, los actualizaré siempre en un sólo lugar. De esta manera me será más fácil poderlos mantener actualizados de vez en cuando.

Con el fin de obtener mi patrocinio y una bonificación del 10% en tus depósitos, puedes usar el enlace que aparece en mi firma o acceder directamente al post que mantendré actualizado: http://bit.ly/PUoqoB

Nota: Perdón, el hilo al que hago referencia está en inglés aunque todos los enlaces se ven con claridad si necesitais alguno más siempre podéis escribirme un mensaje privado.

Hello guys,

instead of posting my referral codes in different threads I will only post them in only one place. This way it should be easier for me to keep them updated as I will check it from time to time to provide new ones.

Please, in order to get my sponsorship and a 10% bonus for your deposits, use my pyramining referral code from my signature or take a look at my post at http://bit.ly/PUoqoB

Hallo Leute,

Bitte, um mein Sponsoring und einen 10% Bonus für Ihre Einzahlungen erhalten, verwenden Sie meine pyramining Referral-Code aus meiner Signatur oder einen Blick auf meinen Posten in http://bit.ly/PUoqoB

Hello guys,

instead of posting my referral codes in different threads I will only post them in only one place. This way it should be easier for me to keep them updated as I will check it from time to time to provide new ones.

Please, in order to get my sponsorship and a 10% bonus for your deposits, use my pyramining referral code from my signature or take a look at my post at http://bit.ly/PUoqoB

Hello guys,

instead of posting my referral codes in different threads I will only post them in only one place. This way it should be easier for me to keep them updated as I will check it from time to time to provide new ones.

Please, in order to get my sponsorship and a 10% bonus for your deposits, use my pyramining referral code from my signature or take a look at my post at http://bit.ly/PUoqoB

I hope so.
In the last months there has been a clear trend in that direction but still there is a long way to walk.

Thank you pyramining for all the clarifications, your support has been very helpful. As a sign for my appreciation I have just made a large deposit as I really think that your business plan is rock solid and deserves greater visibility.

Here I provide my referral codes to any investor that wants to get a 10% bonus for his/her pyramining deposits:

http://www.pyramining.com/referral/zq46ysrfb    2012-08-30 22:22:48 UTC    still active
http://www.pyramining.com/referral/3agcxby82    2012-08-30 22:22:48 UTC    still active
http://www.pyramining.com/referral/eg9pfc8nt    2012-08-30 22:22:48 UTC    still active
http://www.pyramining.com/referral/qhksa2z3y    2012-09-08 15:02:09 UTC    still active
http://www.pyramining.com/referral/4tp6ymn92    2012-09-16 09:39:10 UTC    still active

These codes will expire as soon as someone uses them to join, so I will try to update this post from time to time to provide new ones.
In any case, do not hesitate to send me a private message if none of them seems to work for you and I will send you some more.

Thank you,
Victor Escudero.

Last update: 2013-05-16

I have just bought the last ones so the IPO is finally over.

Happy investing for everyone!

Yeah, I think is 100% realistic but in my opinion there are at least two assumptions here that we should be aware of:

• zefir will upgrade his zeta-mining rigs with more efficient equipment, so his bonds will continue to be appreciated. The difficulty here is to asses how much impact will have the reduction in mining rewards from 50 coins to only 25 at the end of the year.
  
• Until recently, mining bonds have been the undisputed stars at GLBSE but as new ideas come to fruition they are loosing part of their appealing . For example, right now all the mining bonds prices have dropped in part because of the much attractive interest rates from riskier bonds such as those PPT bonds provided through pirate. If this trend could continue for such a long time (10 months), I am sure that a 40% drop in price is not only possible but also very likely.
  

What do you think?

I think it should be clearer with an hypothetical scenario in which I will do the math for you.

Image that you are willing to 'invest' 100 BTCs and you are assessing these two choices:

• a) Buy some pyramining bonds
• b) Buy some zeta-mining bonds

Option a) I spend 100 BTCs now and I get 110 BTCs in 10 months from now.
Option b) I spend 100 BTCs in zeta-mining bonds at today price of 0.278 so I got 359.71 bonds (yeah, they should be 359 bonds).

At the current difficulty, every zeta-mining bond gives as 1MH/s that is 0.019060 btcs per month. I know it is not very easy to forecast how the difficulty is going to change so we would ignore that fact and assume for a moment that it would not change. After all, both mining bonds will be affected difficulty changes but I do not have any strong evidence that makes me think that one of them is going to outperform the other in that scenario.

10 months later:

• In option a ) We will get 110 BTCs
• In option b) we will get 68.42 BTCs from 10 months of dividends + 359 zeta-mining bonds.

The only way in which the option a will be superior will be those in which the 359 zeta-mining costs less than 41.48 btcs that is 0.115 btc per bond!.

In a ponzi scheme, one takes advantage of the people he/she refers to. If we decide not to do that depositing money in pyramining is like betting against the odds that the prices of similar mining bonds will drop more than 40% by April 2013.

Do you think it is a fair comparision?
Do you think that bond prices will drop at half by the end of this year? maybe more by April 2013?

I think I have missed something, so please help me if there is anything I have misunderstood.

With current difficulty levels if I put 100 BTCs in pyramining today, with a sponsor referral I will get about 110 BTCs in 10 months.
So this is similar to a loan where I can only get a 1% interest a month. Moreover I cannot directly withdraw my deposit before the expiration period although I could try to negotiate a withdrawal through therocktrading for a fee.

I am sure there should be something I am missing here, as I do not see the benefit of investing in pyramining instead of any other mining bond listed on GLBSE. With any of them you could sell your bonds whenever you want and you will get more than 6% interest instead of 1%.

Last 27 bonds bought, IPO just finished.

Bought some bonds.

Greetz!

Bitcoin is a pseudonymous, decentralized electronic currency, and it has been designed in such a way that it functions similarly to physical commodity money, such as gold or a fiat currency like the Euro.

Bitcoin shares most of the properties that 'good money' should have:

• Divisibility: money should be easily divisible into arbitrary units of value in order to handle all sizes of transactions.
• Durability: in order to be a reliable store of value, money must stand the test of time.
• Fungibility (interchangeability): each unit is identical to every other unit. One kilogram of gold is equivalent to another one.
• Scarcity: it holds its value and does not steal value through arbitrary inflation or deflation.

These are all interesting properties that we usually take for granted, but they are not the only ones. In fact there are some other 'features' that really set bitcoin apart:

• No chargebacks: irreversible transactions after an hour.
• Low transaction fees: most transaction fees are free of charge, or nearly so and they will be kept low forever.
• Pseudonimity: bitcoin restores privacy to electronic payments.
• Openness: The bitcoin project itself is open souce. The protocol and the code is open to public scrutiny and analysis.
• Decentralization: bitcoin puts us in control of our own money, no need to trust in financial institutions or issuing authorities.

Nobody knows if bitcoin will be able to survive in the long term, but right now its appealing characteristics makes it a perfect choice for international trading.

Source: https://www.vescudero.net/2012/06/what-really-sets-bitcoin-apart.html

650 FZB.A shares transferred to Freemoney at 2012-06-01 19:26:51 (GLBSE Time) !!

Please confirm reception.

By the way, I thought the transfer fees were 0.2% of the amount transferred but I have checked that in reality the fees that are applied are based on the 5 day average price of the asset transferred. In our case the transfer fee has been 0.1209932 BTC instead of my initial estimation of 0.12285 so I owe you 0.0018568 BTCs.

I can give you back that tiny amount right now if you wish, although in order to avoid tx fees I propose you simply pay me 0.9195182 BTC next month and 0.921375 afterwards.

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256

Hi FreeMoney,

I offer you some FZB.A shares to let you sell them (short or long) at GLBSE.
I will transfer you 650 shares from my account under the following terms & conditions:

 - You will pay me 1.5% per month plus the transfer fees and any dividends paid.
 - You can return your shares whenever you like and I will not owe back any fee for partial month.
 - you will return my shares within a month from whenever I ask, nevertheless you will not make another monthly fee payment.
 - You reserve the right to give 10x the btc price of the shares at the time of the loan in place of returning the shares.

Right now the sell price is at 0.0945 so 1.5% of that price for 650 shares would be 0.921375 BTC + 0.12285 Transfer fee = 1.044225BTC
If you agree to that terms, please provide your username at GLBSE and I will transfer you 650 FZB.A shares right now.
Then you should send me 1.044225BTC as the first payment and 0.921375BTC every first of each month plus any dividends to this address: 1G7YRZHYn4eVQRUrXXwyLF2xEMMHgpmZUi.

I will honour your right to pay 0.945BTC per share in place of returning the shares.

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iF4EAREIAAYFAk/JRkcACgkQ8AwyXklxLE+xqQD+OOBzo6Te1z9OSj6XjiK87dn2
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+1

Congrats Goat, I really wanted you to recover the coins.
It's been an amazing and stressful adventure with a happy ending.

Hello senbonzakura,

I've seen that you are running out of bitcoins for your lending operations. I love what you are doing for the bitcoin community so I would like to contribute with this cause lending you some spare coins at 0% interest rate for a few days.

I think it is a done deal, what do you think?

Hello vuce, are you going to trade throught GLBSE or any other platform (e.g MPEX) ?

Subbing