Just to clarify here, the shares are not for ownership of the horse but instead for "BIRs" (Bitcoin Interest Rights).
10,000 Bitcoin Interest Rights (BIRs) were granted to the owners of the thoroughbred racehorse named Satoshis Daemon. From these 10,000 BIRs, 500 are being offered initially only to those interested parties who have acquired bitcoins. BIR holders have no ownership duties or privlidges, but will participate in Racing and Sale Dividends after expeses are taken out
"Bitcoin Interest Rights" (BIRs) are traded on the GLBSE (www.glbse.com
) under the ticker symbol "SATOSHISDAEMON.horse". BIRs have no ownership opportunities and are denominated in bitcoins (www.bitcoin.org
). The owners of Satoshi's Daemon are putting up their own bitcoins, and have offered to disburse these coins to those willing to accept the risk associated with bitcoins and thoroughbred racing. Under no circumstances will holders of BIRs be entitled to any US dollar winnings, only the bitcoins pledged before each race by the owners. Please visit the GLBSE and read the signed contract information.
And a question. Was the use of
[that was my typo: Daemon] in the name chosen in the mythological sense or does it refer to word as it would be used in computer technology?