[TAT.VIRTUALMINE]

[SOSLOVE868]

TAT, you found a big fan in me


you just got 700BTC from the shareholders of the VIRTUALMINE. given, diffuculty won't raise, you have thereby enough money to pay them 180 days. what a pitty, that afterwards, you will have to throw in money each day (4btc each day, am i right?)

but hey ... what if difficulty might skyrocket and break through the magic petahash frontline? that might mean, that you will have to pay them 0.36 each day (alltogether, not each), or even less.

we are going to converge the daily income for 1MHs asymtotically to satoshis. You will pay them hundreds of years and still have >> 100 BTC profit.

That's such a good idea, that makes me jealous not having it on my own first 

If you have left over some coins after buying more AM shares, go to your holidays--they're well-deserved


_{EDIT: I see, todays total divident payout was around 3.25, making it work for 233 days, if it stayed constant.}
 

I am out at 0.0072499, made some profit....still nice investment right now...but for long time...we should see panic selling of those assets...so far the only thing can be bought for is AM....nothing else...

[1714873406]

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[joele]

you just got 700BTC from the shareholders of the VIRTUALMINE. given, diffuculty won't raise, you have thereby enough money to pay them 180 days. what a pitty, that afterwards, you will have to throw in money each day (4btc each day, am i right?)

but hey ... what if difficulty might skyrocket and break through the magic petahash frontline? that might mean, that you will have to pay them 0.36 each day (alltogether, not each), or even less.

we are going to converge the daily income for 1MHs asymtotically to satoshis. You will pay them hundreds of years and still have >> 100 BTC profit.

All true, buy back otherwise paying daily satoshis for hundreds of years.

[jjdub7]

So what happens if the difficulty skyrockets?  TAT is required by the contract to provide the equivalent of 1 Mh/s per bond of output in coupons.  If the network hashrate increases to the point where 1 Mh/s produces only around 100 satoshis per day, TAT is perfectly able to buy back the contracts at 200x that value per the terms of his contract.  While I do trust TAT and think he's a good manager, this risk is way, way too big to take on this one, sorry.  Especially if BFP does ship, the network hashing power will go through the roof.  TAT could actually make a profit in this case, assuming he buys back all the bonds at a fraction of the principal.

[jjdub7]

Anyone jumping ship is misinformed. TAT.VIRTUALMINE is worth way more then BTC0.072 with the divs so high. Thanks for another timely div, it seems to be getting earlier lol.

 

From the contract one agrees to when purchasing these bonds:
"Reserved Rights
Issuer reserves the following rights:
1. To issue additional shares as the market demands
2. To buy back shares at any time within the listed parameters
[...]

Buyback Rights
The issuer reserves the right to buy back bonds at a price equal to 110% of the highest price the asset was traded for over the prior 7 days or 200 times the value of the most recent dividend.
"

TAT will keep it going as long as possible. We'll see what happens to the difficulty. At a certain point price/MH will meet with asicminer. Until then I'm pretty happy collecting 3x more divs a week.

No, TAT will keep it going as long as it is profitable.  This is a bond, not a charity.  The second difficulty rises to the point where his AM shares don't pay out enough to cover the coupon payments, he'll buy back the bonds, most certainly at 200x the dividend, which will be quite small by that point, leaving investors with a loss (lets be honest, if AM shares aren't putting out, this 1 Mh/s bond isn't going to be putting out squat).

The 200x buyback clause is the reason this bond is extremely risky, and in a rational, informed market, the price differential between this bond and others such as JAH on BitFunder or PAJKA on BTC-TC should reflect that.

[nubbins]

Print it out, hang it on your wall - upside down - and this is your PMB's value.

hmm, not bad... looks like ASICMINER

[SOSLOVE868]

Print it out, hang it on your wall - upside down - and this is your PMB's value.

hmm, not bad... looks like ASICMINER

You mean PMB value will increase?? I think right side to left....this correct.....

[radiumsoup]

Print it out, hang it on your wall - upside down - and this is your PMB's value.

hmm, not bad... looks like ASICMINER

You mean PMB value will increase?? I think right side to left....this correct.....

it's a joke - by rotating it instead of flipping on the Y axis, he's pointing out that the original complaining poster is just bloviating

[freedomno1]

The Bitcoin market keeps getting more interesting will watch too

[SOSLOVE868]

Print it out, hang it on your wall - upside down - and this is your PMB's value.

hmm, not bad... looks like ASICMINER

You mean PMB value will increase?? I think right side to left....this correct.....

it's a joke - by rotating it instead of flipping on the Y axis, he's pointing out that the original complaining poster is just bloviating

Never mind, I just think long-time the PMB is worthless to buying..... What's your thoughts here? ?
I just selling out all my PMB assets.......

[joele]

Long time is worthless but not yet this month.

[TheJuice]

this is funny.

1000 shares = 7.39 BTC
1000 shares daily div = .0322 BTC

Your buy back is 200 x div = 200 x .0322 = 6.44.

You could buy them back right now at a lower price than market!!!!

No thanks, but goodluck.

[ThickAsThieves]

this is funny.

1000 shares = 7.39 BTC
1000 shares daily div = .0322 BTC

Your buy back is 200 x div = 200 x .0322 = 6.44.

You could buy them back right now at a lower price than market!!!!

No thanks, but goodluck.

As I mentioned at least once before, it is not my goal to pull a fast one here. It would be silly for me to close the asset a few weeks after opening it.

Also that would still cost me 600+ btc to do, and there are much better ways for me to use that much coin.

[boyohi]

this is funny.

1000 shares = 7.39 BTC
1000 shares daily div = .0322 BTC

Your buy back is 200 x div = 200 x .0322 = 6.44.

You could buy them back right now at a lower price than market!!!!

No thanks, but goodluck.

As I mentioned at least once before, it is not my goal to pull a fast one here. It would be silly for me to close the asset a few weeks after opening it.

Also that would still cost me 600+ btc to do, and there are much better ways for me to use that much coin.

TAT has better things to do with his reputation than to get 50 BTC by pulling a fast one.

[Eric Muyser]

this is funny.

1000 shares = 7.39 BTC
1000 shares daily div = .0322 BTC

Your buy back is 200 x div = 200 x .0322 = 6.44.

You could buy them back right now at a lower price than market!!!!

No thanks, but goodluck.

As I mentioned at least once before, it is not my goal to pull a fast one here. It would be silly for me to close the asset a few weeks after opening it.

Also that would still cost me 600+ btc to do, and there are much better ways for me to use that much coin.

TAT has better things to do with his reputation than to get 50 BTC by pulling a fast one.

It's true but I'm sceptical investing again because this seems to be the common thought. Is there no solution for this sell at 0.007, buyback at 0.00644 problem?

[boyohi]

this is funny.

1000 shares = 7.39 BTC
1000 shares daily div = .0322 BTC

Your buy back is 200 x div = 200 x .0322 = 6.44.

You could buy them back right now at a lower price than market!!!!

No thanks, but goodluck.

As I mentioned at least once before, it is not my goal to pull a fast one here. It would be silly for me to close the asset a few weeks after opening it.

Also that would still cost me 600+ btc to do, and there are much better ways for me to use that much coin.

TAT has better things to do with his reputation than to get 50 BTC by pulling a fast one.

It's true but I'm sceptical investing again because this seems to be the common thought. Is there no solution for this sell at 0.007, buyback at 0.00644 problem?

Afraid not. I consider this a high risk, high reward thing.

[SOSLOVE868]

this is funny.

1000 shares = 7.39 BTC
1000 shares daily div = .0322 BTC

Your buy back is 200 x div = 200 x .0322 = 6.44.

You could buy them back right now at a lower price than market!!!!

No thanks, but goodluck.

As I mentioned at least once before, it is not my goal to pull a fast one here. It would be silly for me to close the asset a few weeks after opening it.

Also that would still cost me 600+ btc to do, and there are much better ways for me to use that much coin.

TAT has better things to do with his reputation than to get 50 BTC by pulling a fast one.

It's true but I'm sceptical investing again because this seems to be the common thought. Is there no solution for this sell at 0.007, buyback at 0.00644 problem?

Afraid not. I consider this a high risk, high reward thing.

+1
be careful, you may catch fire ......super high risk, with super reward !

[joele]

At 35M difficulty it will match the AM highest dividend, so as long as diff is less 35M this bond is the highest paying dividend, short term but still highly profitable if you know how.

[medicine]

What just happened.  Did someone just buy up every share that was on offer?  I was hoping to do a little more reading before I decided to buy or not, but there was never a buy opportunity.  Or am I missing something?

[joele]

Yes sold out, only 20k were issued

[ThickAsThieves]

Yes sold out, only 20k were issued

I'm on my way back from a trip, so i'll have more details and an official thread for the btctc version of tat.vm later, but yes 20,000 shares have been released to start, more will be released later.