Bond-RonGross has been repaid - do not buy it anymore, cancel your BUY orders!!!

[ripper234]

I paid the full dividends on Bond-Rongross, so the bond is now worth 0 BTC. This was done almost two months ahead of schedule.

I just figured the POC served its purpose. I was able to raise 83 BTC with this bond.

A side effect that I hadn't thought of is that if anyone has standing BUY orders, he should cancel them immediately. I believe GLBSE should find some mechanism to handle this issue, because I imagine it's a potential problem for most bonds.

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[kokjo]

why not just buy them back?

[moneta]

A side effect that I hadn't thought of is that if anyone has standing BUY orders, he should cancel them immediately. I believe GLBSE should find some mechanism to handle this issue, because I imagine it's a potential problem for most bonds.

All outstanding orders were wiped out yesterday at about 22:30 UTC, so your warning is a bit late.

I have started a thread on GLBSE about handling bond repayment.

[ripper234]

A side effect that I hadn't thought of is that if anyone has standing BUY orders, he should cancel them immediately. I believe GLBSE should find some mechanism to handle this issue, because I imagine it's a potential problem for most bonds.

All outstanding orders were wiped out yesterday at about 22:30 UTC, so your warning is a bit late.

I have started a thread on GLBSE about handling bond repayment.

I'm truly sorry about this. As a "POC", the purpose was to learn, and we did learn something valuable here (at least, I know I did).

Can anyone affected by this come forward? I hope you didn't lose too much.

What do people think should be done about this problem?
Does anyone feels he was hurt by my actions, and that I owe him money now because he bought a worthless bond right now?
Should GLBSE do/have done a better job at explaining what the proper way to repay a bond is? An alert before paying the bond is a must IMO.

[ripper234]

why not just buy them back?

In retrospective, I should have wiped out all the BUY orders before paying the holders that didn't have standing orders.
This should IMO be better explained to GLBSE bond issuers, otherwise others might make the same mistake I have.

[ripper234]

I'm truly sorry about this. As a "POC", the purpose was to learn, and we did learn something valuable here (at least, I know I did).

Can anyone affected by this come forward? I hope you didn't lose too much.

Any claims of "lost BTC" because of my error should come until November 1st 2011.
After the date I will not consider any such claims as valid.