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Namworld (OP)
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February 09, 2013, 11:14:30 PM |
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Well another coming up today and for the next 4 days.
1 BTC per day on top of usual coupon.
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
 Offline
Activity: 1316
Merit: 1043
👻
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February 10, 2013, 01:15:21 AM |
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Well another coming up today and for the next 4 days.
1 BTC per day on top of usual coupon.
Awesome  |
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gabbynot
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March 05, 2013, 12:13:29 AM |
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I'm curious - how long are you expected to keep this bond going...a few months? Years?
Were/are the proceeds converted to fiat or are they staying in BTC-denominated assets?
Thanks!
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Namworld (OP)
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March 05, 2013, 12:49:47 AM |
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Mostly staying in BTC denominated assets.
There's no time period for the bond. I sell more or buyback as needed. Every holder can also request to redeem on request.
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superbit
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April 19, 2013, 06:40:28 PM |
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I would like to redeem? How do I go about this?
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Namworld (OP)
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April 19, 2013, 07:52:56 PM |
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I would like to redeem? How do I go about this?
PMing you |
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ar9
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April 23, 2013, 03:47:17 AM |
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You guys should waive the transaction fees on these bonds, considering they inherently support your site any way.
No chance of this, huh?
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Namworld (OP)
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April 23, 2013, 06:24:09 AM |
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I cannot waive the fees. It is not my website.
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Peter Lambert
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April 24, 2013, 06:25:27 PM |
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You guys should waive the transaction fees on these bonds, considering they inherently support your site any way.
No chance of this, huh?
This did not make sense, if btct.co waived the fees for the traded shares, then they would not support the site. The fees are pretty low, if you are not making enough money in trading and dividends to basically ignore the fees then you are doing something wrong. |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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ar9
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April 25, 2013, 12:17:44 AM |
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Yeah, sorry guys, I thought this bond was created by burnside himself, to support the site. Didn't realize there wasn't an affiliation there, my bad!
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logicbomb666
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May 01, 2013, 04:49:00 AM |
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I think I might be missing something here. Your listing on btct.co states: - Bonds shall pay a variable interest of no less than 0.03% daily.
- Bonds have a face value of 0.01 BTC So the value of each share is 0.01 BTC. The daily interest payment history shows daily payments of 0.00000300 BTC0.03% of 0.01 BTC = 0.003 BTC, not 0.00000300 BTC. Assuming your percentage is based off of USD/BTC conversion; Right now, to be conservative, BTC is trading for $120 per 1 BTC. 0.01 BTC = $1.20. 0.03% of $1.20 is $0.036 $0.036 = 0.003 BTC0.00000300 BTC != 0.003 BTCWhat am I missing? |
I think snare rolls should be used as a currency.
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punkideas
Newbie
Offline
Activity: 17
Merit: 0
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May 01, 2013, 05:07:24 AM |
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I think I might be missing something here. Your listing on btct.co states: - Bonds shall pay a variable interest of no less than 0.03% daily.
- Bonds have a face value of 0.01 BTC So the value of each share is 0.01 BTC. The daily interest payment history shows daily payments of 0.00000300 BTC0.03% of 0.01 BTC = 0.003 BTC, not 0.00000300 BTC. Assuming your percentage is based off of USD/BTC conversion; Right now, to be conservative, BTC is trading for $120 per 1 BTC. 0.01 BTC = $1.20. 0.03% of $1.20 is $0.036 $0.036 = 0.003 BTC0.00000300 BTC != 0.003 BTCWhat am I missing? You're misreading the percentage. It's three one-hundredths of a percent a day (principal * .0003). So .0003*.01=.000003 |
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Namworld (OP)
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May 01, 2013, 05:21:54 AM |
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Indeed, 0.03% and not 3%.
x 365 days, it comes to 10.95% per year that I pay on that loan.
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usagi
VIP
Hero Member
Offline
Activity: 812
Merit: 1000
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May 01, 2013, 06:06:15 AM |
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Indeed, 0.03% and not 3%.
x 365 days, it comes to 10.95% per year that I pay on that loan.
FWIW... in Excel, (POWER(1 + (0.000003/0.01), 365.249) - 1) = 11.5785% |
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Deprived
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May 01, 2013, 07:19:52 AM |
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Indeed, 0.03% and not 3%.
x 365 days, it comes to 10.95% per year that I pay on that loan.
FWIW... in Excel, (POWER(1 + (0.000003/0.01), 365.249) - 1) = 11.5785% That's compounding - namworld's figure is non-compounding. If you have DRIP switched on (or manually buy more with dividends each day) then you'd get nearer your value (to get exactly it you'd have to receive dividends that could precisely be reinvested for a full number of shares every day). If you don't reinvest then you get namworld's figure. |
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Peter Lambert
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May 01, 2013, 03:49:53 PM |
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Indeed, 0.03% and not 3%.
x 365 days, it comes to 10.95% per year that I pay on that loan.
FWIW... in Excel, (POWER(1 + (0.000003/0.01), 365.249) - 1) = 11.5785% From Namworlds perspective, since he is not selling more of the bonds right now, it makes more sense to use the non-compounding formula, since that is what he is actually paying. This is about the same APR that I have on my credit card, which is reasonable for a personal line of credit (as opposed to some people who think 7% per week is more reasonable because ... bitcoin!). |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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logicbomb666
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May 01, 2013, 08:11:16 PM |
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You're misreading the percentage. It's three one-hundredths of a percent a day (principal * .0003).
So .0003*.01=.000003
*facepalm. Thanks for the clarification. I thought I was losing my mind. |
I think snare rolls should be used as a currency.
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StevenPine
Newbie
Offline
Activity: 44
Merit: 0
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May 05, 2013, 11:11:26 PM |
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Given the upcoming changes to remove 'dust' from transactions, I'm curious how this will affect the daily dividend pay out?
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Namworld (OP)
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May 06, 2013, 03:34:13 AM |
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It's on BTCT.co, there's no microtransaction needed.
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btharper
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May 07, 2013, 06:31:50 PM |
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It's on BTCT.co, there's no microtransaction needed.
To expand on this because I'm not sure everyone will understand what you mean, the only things that go onto the blockchain (where dust rules are in effect if nodes stick with the default configuration) are deposits and withdrawals, everything else is handled by the exchange locally in a normal database. Dividends are just added to the site's information about your current balance. |
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