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Topic: [BitFunder] Mining difficulty futures now available: CoinBr.iDiff-* (Read 5579 times)

sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
Thanks TAT, too! Yes this means we paid out all remaining bitcoins to investors in full today Cheesy
hero member
Activity: 518
Merit: 500
Just popping to thank CoinBr for making good on the iDiff payouts despite the exchange closings, rise in bitcoin price, etc.

This shows responsibility in managing risk, and it's appreciated.

Would do business again Smiley
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
CoinBr.iDiff-O paid 0.06094826 per share directly to shareholders' Bitfunder addresses, thus concluding iDiff history. Due to our funds stuck on Bitfunder, we made private agreements with largest shareholders to pay them only 90% today and  the rest in near future after liquidating some of our other assets.

We do not plan to reopen the futures in this fashion elsewhere at this time. Thanks to everyone who traded with us!
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
Since Bitfunder is closing, we took following steps:

CoinBr.iDiff-E December had no shares sold yet, so it got discontinued immediately.

CoinBr.iDiff-O November will keep trading normally until Bitfunder closes, and on expiry date (November 20) it will pay out directly to the address in your Bitfunder profile, as published in the assets list. Most likely it will be discontinued after that as well.

For ex-BTC-TC shareholders, transfers of CoinBr.iDiff-O to Bitfunder will not be possible anymore after tomorrow and above applies.
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
The account was verified and CoinBr.iDiff-E opened for trading. I know, the projected difficulty numbers are scary...
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
Just chiming in with update on new Bitfunder requirements. I (as CoinBr owner) am EU citizen, so we plan to continue maintaining iDiff futures on Bitfunder in normal cycle. Already submitted my documents to weexchange and am waiting for verification.
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
CoinBr.iDiff-O expired prematurely after difficulty hit 100M limit and paid out 0.01BTC/share. Currently it is locked and November issue is under preparation.

Have a nice Sunday!
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
https://bitfunder.com/asset/CoinBr.iDiff-E August just paid out 0.00508103 BTC per share and October issue will be introduced both on BF and BTC-TC. We have to think at least twice about the parameters, with current ~2% daily hashrate growth Shocked
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
Our 89 offer for CoinBr.iDiff-O sold as well. We are not willing to risk more, so unless situation improves (difficulty stalls) there will be no more offers from us.  However, to prevent the asset trading way above maximal payout, we erected ask wall at 0.00999, which is obviously not meant to be bought into.
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
If I were to buy 1 share of of CoinBr.iDiff-O @ 0.28 will I make any profit if I dont want to short sell ?
You will profit if difficulty ends up being higher than 28 million on July 17.
hero member
Activity: 560
Merit: 500
If I were to buy 1 share of of CoinBr.iDiff-O @ 0.28 will I make any profit if I dont want to short sell ?
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
With initial price at .0049, but max payout at .006, seems like you put the ceiling on payouts a lot lower this time around.
Yes, it is a compromise with current uncertainty caused by having few ASIC vendors with unpredictable mining/shipping. If the ceiling were higher, the price would have to be higher, too. Already it looks that iDiff-O July will be considerable loss for us and we had to learn from it.
sr. member
Activity: 287
Merit: 250
With initial price at .0049, but max payout at .006, seems like you put the ceiling on payouts a lot lower this time around.

sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
CoinBr.iDiff-E June paid out 0.19339258 per share.

August issue is open for trading, but from now on the value will be subdivided by 100. We want to keep unit price at reasonable level in expectation of rampant difficulty increases in near future.
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
Does bitfunder charge a seller 1% fee for liquidation at maturity?
No. It's in fact dividend payment without any fee.
hero member
Activity: 756
Merit: 500
Does bitfunder charge a seller 1% fee for liquidation at maturity?
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
Is there forced buy-back for the short if difficulty spikes?
Yes, if difficulty spikes to 35 million(EDIT: this limit is different for every month, check the description), they expire and pay off prematurely.
The shares do get liquidated on expiration?
Yes.
hero member
Activity: 756
Merit: 500
Is there forced buy-back for the short if difficulty spikes?

The shares do get liquidated on expiration?
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
CoinBr.iDiff-E price at its lowest ... now only at 0.17 BTC.

Thinking we now have silence before ASIC storm in June and difficulty will be over 17 million on June 19? BUY! Wink
sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
CoinBr.iDiff-E April future liquidated with 0.08974296 paid per share. Jun issue under preparation.

There were few chaotic trades ysterday jsut before closing, I can understand some wanted to liquidate prematurely, but there were some new shares bought at a loss too.... if you don't understand how this work, don't be shy to ask!
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