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coinft
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August 03, 2012, 08:39:56 PM
 #261

I got some, but there's a limit to my funds and willingness to put everything in one basket.

And I am happy to have been of assistance in your education.
Really - is there such thing as limit of willingness of putting things into awesome BOND baskets?
That sounds like some really tough, high level economics.
Now I understand why studding in US is so expensive - your science and economics are just so much more advanced Tongue
And I got it for free - really, thank you!!

That's the last time I answer to ranting and personal attacks based on pure guess work. I am not from the US. And yes there's a limit where the utility value per share goes down the more you have, which means even rational men don't invest all their wealth into the one vehicle with the biggest percieved yield/risk.

My formal eduction is in information theory. Economics is a hobby. Feel free to ask questions, but vent your anger about a botched trade elsewhere, we can't help you with your personal problems.

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piotr_n
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August 03, 2012, 08:46:08 PM
 #262

I got some, but there's a limit to my funds and willingness to put everything in one basket.

And I am happy to have been of assistance in your education.
Really - is there such thing as limit of willingness of putting things into awesome BOND baskets?
That sounds like some really tough, high level economics.
Now I understand why studding in US is so expensive - your science and economics are just so much more advanced Tongue
And I got it for free - really, thank you!!

That's the last time I answer to ranting and personal attacks based on pure guess work. I am not from the US. And yes there's a limit where the utility value per share goes down the more you have, which means even rational men don't invest all their wealth into the one vehicle with the biggest percieved yield/risk.

My formal eduction is in information theory. Economics is a hobby. Feel free to ask questions, but vent your anger about a botched trade elsewhere, we can't help you with your personal problems.
Hey, I am not the one who jumps into a middle of other people's conversation to educate them on what a BOND is.
Weather you have US education, or not - forgive me the mistake, but I assure you that you sound just like the "experts" on my TV, and they are all so proud of their Harvard roots or so Smiley

If you don't want "personal attack", then just don't provoke them - you are very welcome for the lesson Smiley

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jackmaninov
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August 03, 2012, 09:07:57 PM
 #263

Back on topic...

https://bitcointalk.org/index.php?topic=98420.0   is a bond people in the thread might like.

100% Insured Pirate bonds

And suddenly all the sub 1.00 BTC asks vanish...

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jackmaninov
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August 03, 2012, 09:13:39 PM
 #264

Back on topic...

https://bitcointalk.org/index.php?topic=98420.0   is a bond people in the thread might like.

100% Insured Pirate bonds

And suddenly all the sub 1.00 BTC asks vanish...

Yeah, I'm the first and so far only to put real money down to back this sorta thing. This is not really a "money maker".

I think people are just really skittish about the transition occurring at BS&T, plus BTCUSD climbing.

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August 04, 2012, 02:47:00 PM
 #265

I'm the first and so far only to put real money down to back this sorta thing. This is not really a "money maker".
The first person I know was friedcat who decided to backup the price of his brilliant MOORE bonds by placing an infinite bid at 0.5 BTC.
He did it even though he had never made a promise of any buy back, and moreover, he had been selling these bonds in bulk at 0.45 BTC.

So for me friedcat is a real hero who actually cares about his brand.
And no, I don't know friedcat in person (just from the forum), but since you've touched this topic, I had to say that he is the one who deserves the tribute Smiley

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odolvlobo
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August 05, 2012, 08:09:33 AM
 #266

You have to understand this is a BOND, not a stock commodity. Stop fussing over the free market price, especially when a fixed buy back at 1.0 is guaranteed. A bond is expected to earn you money via dividends (coupons), not growth of principal worth.

In fact a low price is awesome. 0.068BTC per share of 0.98 is much better yield than of 1.02.


That is not really correct. A basic class in finance will teach you that a bond's price reflects its yield and risk relative to other bonds. If a bond's price drops, that means that its (risk-adjusted) return has fallen relative to other bonds. If you expect it to continue falling, then you might do better by switching to a different bond.

Unless you intend to hold a bond forever, its price is an important factor. For example, if you bought a bond at 1.02 and it paid a 0.068 dividend, and then you sold it at 1.00, your return is really only 0.48 (0.068 - 0.02). Perhaps it doesn't apply here, but a price of 0.98 might give you a good yield, though the overall return will suffer if the price of the bond continues to fall.

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coinft
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August 05, 2012, 05:35:20 PM
 #267

You have to understand this is a BOND, not a stock commodity. Stop fussing over the free market price, especially when a fixed buy back at 1.0 is guaranteed. A bond is expected to earn you money via dividends (coupons), not growth of principal worth.

In fact a low price is awesome. 0.068BTC per share of 0.98 is much better yield than of 1.02.


That is not really correct. A basic class in finance will teach you that a bond's price reflects its yield and risk relative to other bonds. If a bond's price drops, that means that its (risk-adjusted) return has fallen relative to other bonds. If you expect it to continue falling, then you might do better by switching to a different bond.

Unless you intend to hold a bond forever, its price is an important factor. For example, if you bought a bond at 1.02 and it paid a 0.068 dividend, and then you sold it at 1.00, your return is really only 0.48 (0.068 - 0.02). Perhaps it doesn't apply here, but a price of 0.98 might give you a good yield, though the overall return will suffer if the price of the bond continues to fall.

It doesn't apply here fully because this bond has a guaranteed buy back clause for 1 BTC as long as pirate himself does not default.

If someone sells below 1BTC instead of arranging for buy back with goat he is either stupid or lazy or in a big hurry. Your point is only correct for bonds without this buy back guarantee, or in the complete default clause, but not for free market prices <1BTC.

Edit: Moreover, if goat would maintain a price wall to fix the price at >=1BTC, this would *not* change the real risk (of complete default), just fool those over reliant on technical analysis. A danger which should have been mentioned in basic class too.
piotr_n
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August 05, 2012, 05:52:27 PM
 #268

If someone sells below 1BTC instead of arranging for buy back with goat he is either stupid or lazy or in a big hurry.
I did try to sell back the bonds right at the next div payments, but it was not possible and Goat asked me to wait until he's back from the mountain climbing. So as far as I understand the English expression of being "in a big hurry", I would actually expect more objective quantities from people who give me lectures on economic. Even if these lessons were for free Wink

Keep in mind that investing in BS&T gives the big incentive of ~1%/day, but it also involves a proportional risk.
In such case every day of holding the bond does make a difference for a person who has decided to get out.

It does make me feel uncomfortable that I need to wait, I'm not happy about it, but (unlike others) I am not going to panic and sell them <1.0, because I still trust in BS&T and I also trust that Goat will fulfill all his business promises, right after dealing with his leisure. I mean, I might be an ass for many people on the forum, but I am not going to ruin a person's vacations, just because I decided to withdraw a couple of hundreds BTC from his business Smiley

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Tomatocage
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August 06, 2012, 01:40:11 PM
 #269

So are divs going out today?

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organofcorti
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August 06, 2012, 01:45:20 PM
 #270

So are divs going out today?

They're early this week?

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August 06, 2012, 02:21:52 PM
 #271

So are divs going out today?

They're early this week?

Yeah, I has Internets here (right now at least) so they should be out with in the next 12 hours if everything goes well.

Great!

Btw I only just noticed your new personal text. Wouldn't "I'm on a horse" be better? I have an example for you:


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Mousepotato
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August 08, 2012, 10:26:48 PM
 #272

Goat, if we want to sell back @ 1.00, what do we need to do?  Is there a procedure for this?  Thanks!

Mousepotato
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August 09, 2012, 03:11:11 PM
 #273

Goat, if we want to sell back @ 1.00, what do we need to do?  Is there a procedure for this?  Thanks!

Well, looks like some people are willing to buy at 1.00, with a few trades dropping slightly below that. Good deals for those willing to take the risk.
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August 14, 2012, 04:16:35 PM
 #274

Soon I'm going to be on an ATV. Should be some awesome fun. Smiley

However yesterday I did stay at the ranch with Thunder, the damned Denver Broncos football team mascot.

Hope no one from Kansas City reads this post...

Busted.... a week late, but still busted Smiley

Unless you managed to beat up the mascot, then I would definitely need some pictures to laugh at Smiley
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August 14, 2012, 06:29:11 PM
 #275

pirate is lowering his rates on some accounts (looks like bitcoin price increase finally cought him). Are your rates staying at 6.8%?
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August 15, 2012, 02:06:14 PM
 #276

pirate is lowering his rates on some accounts (looks like bitcoin price increase finally cought him). Are your rates staying at 6.8%?

I don't know, i just found out myself. I'm not sure what I will get from Pirate. I will adjust as I said in the thread if the rates do get lowered.

There was a set rule for this.

Thanks.

If your account is applied "BTC 25,000 + 5%," as would remain for TYGRR.BOND-P? This should be clear as soon as possible.

Sorry for my bad english Wink
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Tomatocage
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August 15, 2012, 04:09:19 PM
 #277

I just woke up and have not read the thread/contract but I think it will change to 4.85%

Great! Thanks for the clarification, Goat.

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August 15, 2012, 04:29:35 PM
 #278

Thanks for the panic sales, got some cheap share at 0.952 Cheesy

Wish I had more coins on glbse :/

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August 15, 2012, 08:11:48 PM
 #279

Thanks for the panic sales, got some cheap share at 0.952 Cheesy

Wish I had more coins on glbse :/

I sold all mine at around 1.0. I don't want to spread the panic, but bitcoin price is climbing massively, most sellers removed their orders and market already started panic buying. I expect the price increase to continue (or even accelerate) and if pirate is really vulnerable to bitcoin price increase, he's closer to default than ever before (remember his bitcoin debt is enormous). I hope this will not turn into another huge bitcoin price bubble that will impact the whole bitcoin economy but the risk is very high for me, so I decided to wait and watch for a while how it turns out.  Undecided
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August 17, 2012, 11:21:17 AM
 #280

Thread title needs updating to reflect the new rate Smiley

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