This is interesting to me. Now is the third time I have seen it be mentioned.
If the honor program coins are bonded (guaranteed) the price will skyrocket
https://hashtalk.org/topic/30500/price-jump/14Earlier on someone else dropped that seed, and then another shortly thereafter and again today (might be more that I missed).
This is in relation to Homero's equally vague dropping in the Q&A
https://hashtalk.org/topic/30401/honors-program-q-a◦We are looking in to bonding options
Technically the terminology is correct i.e. bonded as insured.
But the reality is more in line with Bond Options:
http://en.wikipedia.org/wiki/Bond_optionWhich eightcylinders explored various financial schemes here:
https://bitcointalk.org/index.php?topic=857670.msg10279374#msg10279374So no one addresses what does Homero exactly mean, while others plant seeds it means no matter what your 20 dollar payback is insured and guaranteed.
The other thing is Homero's simple claim that they cannot tell yet what the payout will be and for how long until they know how many coins have come in. The thing is there is that from Feb 1 for 30 days onwards, he states you can continue to deposit the coins. That means only after the 30 day thinking period. Or is it 30 day thinking period + 30 day deposit period end? Point being they will only tabulate the total coins on the last day of the deposit period, and then tell you what and when it will pay out.
So this idea of first come first serve can't make sense. It is not like the first guy in on the 3rd of February starts generating whatever is supposed to happen since the calculation can only be done once deposits are closed. So he claims.
Can he not provided those poor bastards worst case best case scenario? If all available coins are escrowed it will take this long and this amount will be paid out, if only half are escrowed this long that amount? No one knows anything until it is too late and they are locked on. So why the charade of 30 thinking period, + 30 day deposit period if the numbers can only be revealed on day 61?