[CLOSED] CIUCIU.BOND

[ciuciu]

2012/02/01 Claim process CLOSED! Please check your email you had registered with GLBSE and follow the instructions! Please claim by March 15th.

As you may know, the first emission of CIUCIU.BOND is now live on GLBSE https://glbse.com/asset/view/CIUCIU.BOND

CIUCIU.BOND pays 1.1% of face value every Friday. Percentage will remain at 1.1%/week until the bond is bought back by the bond-issuer. Bonds will be issued at .1 BTC, and each share will pay .0011 BTC weekly. There is no limit on how many bonds may be issued, nor when they may be issued. Bonds can be issued and sold without warning by the bond-issuer at any price. Bonds cannot be sold back to the bond-holder except in case of a buyback. CIUCIU.BND does not have a set date of maturity.
The buyback price is set at 0.1011 BTC per share.
The bond-issuer is not permitted to change this contract at any time under any circumstance.

Thank you.

[nimda]

Please define the circumstances under which a buyback can occur.

[der_meister]

And buyback price, too. I'm definitely interested.

[ciuciu]

Please define the circumstances under which a buyback can occur.

Hi,

I'm going to use the buyback option when I will no longer be able to maintain the 1.1% weekly dividend.

Thanks for your interest.

[ciuciu]

And buyback price, too. I'm definitely interested.

I added the buyback price.

[nimda]

it is not a new concept, so here's some things we should see based on the historic performance of other bonds:
- Given a "I can buyback any time at X" price, the bonds will rarely be bought for much above X
- Price dips will be bigger than spikes due to the opportunity cost of bids
- tiny bids and huge asks wil ruin the depth chart
- People looking to compound will provide some of the buying pressure
- Announcing an end to the bond (buyback) will actually drive the price higher as people remove their asks

I hope you've enjoyed this free installment of Nimda's Market Predictions; the tip jar is below

[der_meister]

One more thing I want to see - supported bid wall at 0.1 btc to make cash out easy at any time.

[ciuciu]

it is not a new concept, so here's some things we should see based on the historic performance of other bonds:
- Given a "I can buyback any time at X" price, the bonds will rarely be bought for much above X
- Price dips will be bigger than spikes due to the opportunity cost of bids
- tiny bids and huge asks wil ruin the depth chart
- People looking to compound will provide some of the buying pressure
- Announcing an end to the bond (buyback) will actually drive the price higher as people remove their asks

I hope you've enjoyed this free installment of Nimda's Market Predictions; the tip jar is below

You are right in your predictions.

I'm not looking to reinvent the wheel, I just want to offer risk adverse people the best weekly rate on GLBSE. The bond is 100% guaranteed from my reserves and I'm fully verified.

Thank you.

[ciuciu]

One more thing I want to see - supported bid wall at 0.1 btc to make cash out easy at any time.

I'm afraid that won't be possible. I will become just an ATM paying dividend until better opportunities arrive.

[nimda]

it is not a new concept, so here's some things we should see based on the historic performance of other bonds:
- Given a "I can buyback any time at X" price, the bonds will rarely be bought for much above X
- Price dips will be bigger than spikes due to the opportunity cost of bids
- tiny bids and huge asks wil ruin the depth chart
- People looking to compound will provide some of the buying pressure
- Announcing an end to the bond (buyback) will actually drive the price higher as people remove their asks

I hope you've enjoyed this free installment of Nimda's Market Predictions; the tip jar is below

You are right in your predictions.

Slow down man!
You haven't even IPO'd yet. Maybe there will be huge demand, and GLBSE crashes under all the people placing bids before you can issue more bonds
 

[Micon]

CIUCIU.BOND pays 1.1% of face value every Friday. Percentage will remain at 1.1%/week until the bond is bought back by the bond-issuer. Bonds will be issued at .1 BTC, and each share will pay .0011 BTC weekly. There is no limit on how many bonds may be issued, nor when they may be issued. Bonds can be issued and sold without warning by the bond-issuer at any price. Bonds cannot be sold back to the bond-holder except in case of a buyback. CIUCIU.BND does not have a set date of maturity.
The buyback price is set at 0.1011 BTC per share.
The bond-issuer is not permitted to change this contract at any time under any circumstance.

Same scammer, slightly different scam.  Ponzi+

oh i'll make $$ with your $$ somehow, pay an insane %

Listed as a Ponzi scam in my super-thread of scams

https://bitcointalk.org/index.php?topic=94900.0

[nimda]

Micon, I don't often say this, but shut the fuck up; you're somehow polluting my watchlist despite you being on my ignore list.

[ciuciu]

The bonds are now live on GLBSE.

Thank you for investing with me!

[ciuciu]

I'm looking for investors. 

[ciuciu]

Tomorrow first dividend will be paid.

Thank you.

[ciuciu]

First dividend paid.

Thanks everyone!

[ciuciu]

Up for new investors!

Thank you.

[ciuciu]

Up for new investors!

Thank you.

[ciuciu]

Tomorrow second dividend will be paid.

Thank you.

[ciuciu]

Second dividend paid.

Thanks everyone!