Topic: [BTC-TC] BTC-BOND - 0.03% Daily - page 5. (Read 20381 times)
It's on BTCT.co, there's no microtransaction needed.
Given the upcoming changes to remove 'dust' from transactions, I'm curious how this will affect the daily dividend pay out?
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.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Indeed, 0.03% and not 3%.
x 365 days, it comes to 10.95% per year that I pay on that loan.
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!).
Indeed, 0.03% and not 3%.
x 365 days, it comes to 10.95% per year that I pay on that loan.
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.
Indeed, 0.03% and not 3%.
x 365 days, it comes to 10.95% per year that I pay on that loan.
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%
Indeed, 0.03% and not 3%.
x 365 days, it comes to 10.95% per year that I pay on that loan.
x 365 days, it comes to 10.95% per year that I pay on that loan.
I think I might be missing something here.
Your listing on btct.co states:
So the value of each share is 0.01BTC.
The daily interest payment history shows daily payments of 0.00000300BTC
0.03% of 0.01BTC = 0.003BTC, not 0.00000300BTC.
Assuming your percentage is based off of USD/BTC conversion;
Right now, to be conservative, BTC is trading for $120 per 1BTC.
0.01BTC = $1.20.
0.03% of $1.20 is $0.036
$0.036 = 0.003BTC
0.00000300BTC != 0.003BTC
What am I missing?
Your listing on btct.co states:
Quote
- Bonds shall pay a variable interest of no less than 0.03% daily.
- Bonds have a face value of 0.01 BTC
- Bonds have a face value of 0.01 BTC
So the value of each share is 0.01BTC.
The daily interest payment history shows daily payments of 0.00000300BTC
0.03% of 0.01BTC = 0.003BTC, not 0.00000300BTC.
Assuming your percentage is based off of USD/BTC conversion;
Right now, to be conservative, BTC is trading for $120 per 1BTC.
0.01BTC = $1.20.
0.03% of $1.20 is $0.036
$0.036 = 0.003BTC
0.00000300BTC != 0.003BTC
What am I missing?
You're misreading the percentage. It's three one-hundredths of a percent a day (principal * .0003).
So .0003*.01=.000003
I think I might be missing something here.
Your listing on btct.co states:
So the value of each share is 0.01BTC.
The daily interest payment history shows daily payments of 0.00000300BTC
0.03% of 0.01BTC = 0.003BTC, not 0.00000300BTC.
Assuming your percentage is based off of USD/BTC conversion;
Right now, to be conservative, BTC is trading for $120 per 1BTC.
0.01BTC = $1.20.
0.03% of $1.20 is $0.036
$0.036 = 0.003BTC
0.00000300BTC != 0.003BTC
What am I missing?
Your listing on btct.co states:
Quote
- Bonds shall pay a variable interest of no less than 0.03% daily.
- Bonds have a face value of 0.01 BTC
- Bonds have a face value of 0.01 BTC
So the value of each share is 0.01BTC.
The daily interest payment history shows daily payments of 0.00000300BTC
0.03% of 0.01BTC = 0.003BTC, not 0.00000300BTC.
Assuming your percentage is based off of USD/BTC conversion;
Right now, to be conservative, BTC is trading for $120 per 1BTC.
0.01BTC = $1.20.
0.03% of $1.20 is $0.036
$0.036 = 0.003BTC
0.00000300BTC != 0.003BTC
What am I missing?
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!
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
You guys should waive the transaction fees on these bonds, considering they inherently support your site any way.
No chance of this, huh?
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.
I cannot waive the fees. It is not my website.
You guys should waive the transaction fees on these bonds, considering they inherently support your site any way.
No chance of this, huh?
No chance of this, huh?
I would like to redeem? How do I go about this?
PMing you
I would like to redeem? How do I go about this?
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.
There's no time period for the bond. I sell more or buyback as needed. Every holder can also request to redeem on request.
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!
Were/are the proceeds converted to fiat or are they staying in BTC-denominated assets?
Thanks!
Well another coming up today and for the next 4 days.
1 BTC per day on top of usual coupon.
Awesome 1 BTC per day on top of usual coupon.
Well another coming up today and for the next 4 days.
1 BTC per day on top of usual coupon.
1 BTC per day on top of usual coupon.
Hey, thanks for the "extra" dividend to all shareholders today - very cool!
(And thanks for the relatively smooth transition from GLBSE as well)
(And thanks for the relatively smooth transition from GLBSE as well)
Jump to: