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nimda

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Quote from: macboy80 on July 28, 2012, 08:25:45 PM

Quote from: guruvan on July 28, 2012, 07:06:32 PM

Quote from: nimda on July 26, 2012, 10:18:51 PM

Actually, it's not "fully" insured (it being your investment)
Say you buy one for 2 BTC. If pirate defaults, you only get 1 BTC back. That's 50% insurance on 3% WPR. Still not a good idea if you think pirate will default in less than 17 weeks.

this is precisely how I've evaluated YARR. It is in fact, a partially insured bond. The typical trading price makes the insurance considerably less valuable, and(or) the premium exceptionally high.

the current offer to sell all of YARR to the highest bidder
A. calls into question the true value of the insurance provided
B. the solidity of any investment in YARR until such time as the asset is transferred to the eventual purchaser.

I would personally be interested in YARR at 1.1-1.2.

Hopefully your sale of the YARR business will go quickly.

I tend to agree with you. It seems that, until this sale has been completed and we know and trust the buyer, the actual value of the bond can be no more than the buyback amount of 1.3 BTC.

Disclaimer: I currently hold YARR

usagi has stated that YARR holds 3700 BTC in assets. Therefore, it's unreasonable to think that he would force the 1.3 BTC buyback: that would mean a loss of 1110 BTC. At least in this case, the invisible hand -- everyone doing what's best for them -- means the best for everyone.

macboy80

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Quote from: guruvan on July 28, 2012, 07:06:32 PM

Quote from: nimda on July 26, 2012, 10:18:51 PM

Actually, it's not "fully" insured (it being your investment)
Say you buy one for 2 BTC. If pirate defaults, you only get 1 BTC back. That's 50% insurance on 3% WPR. Still not a good idea if you think pirate will default in less than 17 weeks.

this is precisely how I've evaluated YARR. It is in fact, a partially insured bond. The typical trading price makes the insurance considerably less valuable, and(or) the premium exceptionally high.

the current offer to sell all of YARR to the highest bidder
A. calls into question the true value of the insurance provided
B. the solidity of any investment in YARR until such time as the asset is transferred to the eventual purchaser.

I would personally be interested in YARR at 1.1-1.2.

Hopefully your sale of the YARR business will go quickly.

I tend to agree with you. It seems that, until this sale has been completed and we know and trust the buyer, the actual value of the bond can be no more than the buyback amount of 1.3 BTC.

Disclaimer: I currently hold YARR

nimda

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Activity: 784

Merit: 1000

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Quote from: sebnow on July 27, 2012, 03:54:17 AM

Quote from: guruvan on July 28, 2012, 07:06:32 PM

Quote from: unclescrooge on July 27, 2012, 03:51:11 AM

I have done a bit of work on this. It turns out that a share of YARR for any less than 1.725 BTC is the best deal anywhere, short of investing thousands of coins directly with pirate and putting thousands more in cold storage. The thread also looks at PPT.X bonds because they are also partially insured.

https://bitcointalksearch.org/topic/a-riskreward-analysis-of-insured-pirate-yarr-pptx-gippt-hashking-goat-96092

The flip-side is that the current prices are too high; you can get the same risk and a better return by investing sans-insurance.

guruvan

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Quote from: nimda on July 26, 2012, 10:18:51 PM

Actually, it's not "fully" insured (it being your investment)
Say you buy one for 2 BTC. If pirate defaults, you only get 1 BTC back. That's 50% insurance on 3% WPR. Still not a good idea if you think pirate will default in less than 17 weeks.

this is precisely how I've evaluated YARR. It is in fact, a partially insured bond. The typical trading price makes the insurance considerably less valuable, and(or) the premium exceptionally high.

the current offer to sell all of YARR to the highest bidder
A. calls into question the true value of the insurance provided
B. the solidity of any investment in YARR until such time as the asset is transferred to the eventual purchaser.

I would personally be interested in YARR at 1.1-1.2.

Hopefully your sale of the YARR business will go quickly.

sebnow

newbie

Activity: 33

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Quote from: nimda on July 26, 2012, 10:18:51 PM

Actually, it's not "fully" insured (it being your investment)
Say you buy one for 2 BTC. If pirate defaults, you only get 1 BTC back. That's 50% insurance on 3% WPR. Still not a good idea if you think pirate will default in less than 17 weeks.

Yeah, there's no advantage to this over just depositing 1BTC with pirate and getting 7% WPR. If Pirate defaults you lose the 1 BTC either way, except you can invest the other 1 BTC in something else.

unclescrooge

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Quote from: nimda on July 26, 2012, 10:18:51 PM

Actually, it's not "fully" insured (it being your investment)
Say you buy one for 2 BTC. If pirate defaults, you only get 1 BTC back. That's 50% insurance on 3% WPR. Still not a good idea if you think pirate will default in less than 17 weeks.

+1

1.9 seems a bit high for me.

nimda

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Activity: 784

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0xFB0D8D1534241423

Actually, it's not "fully" insured (it being your investment)
Say you buy one for 2 BTC. If pirate defaults, you only get 1 BTC back. That's 50% insurance on 3% WPR. Still not a good idea if you think pirate will default in less than 17 weeks.

mcris444

newbie

Activity: 58

Merit: 0

Quote from: ?? on ??

Quote from: Mushoz on July 26, 2012, 04:56:44 PM

What's the minimum price the shares will be sold for?

I am constantly suprised by how the market is valuing YARR. People are buying YARR for 1.90 now. But when you think about it, it makes sense: at 1.90, YARR still represents 3.2% interest per week which is one of the best deals out there -- and it's insured. I guess that's why people are paying through the nose to get it.

At this point, I have absolutely no idea what I am going to do. The market is telling me I should sell at 1.70 and up. Why would I sell at 1.30 when people would pay 1.40 gladly? and so forth. So, I really don't know what price they will sell at. If I can get 1.70 per bond obviously I will do that than 1.50 or 1.60.

As for selling shares privately it turns out doing that isn't necessary. One person wants to buy all the YARR shares(!) in fact a couple of people have approached me with huge orders -- 100 coins, 500 coins, etc. I just can't keep up with all this. So I'll sell it on the market only. No more private deals. Sorry!

In that case, you may want to make it more than 1500...
The insurance is a huge selling point.

Mushoz

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Bitbuy

Quote from: ?? on ??

Hello!

I am happy to announce the availability of 1,500 shares of YARR.

These shares will be sold into the bid at precisely 2pm UTC, August 1st.

This is 11pm in Japan and 10am in Eastern Time.

Gentlemen please place your bids!

What's the minimum price the shares will be sold for?

mcris444

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Quote from: der_meister on July 26, 2012, 01:57:57 PM

Quote from: mcris444 on July 26, 2012, 01:20:10 PM

Quote from: ?? on ??

These shares will be sold into the bid

What price will they be released at?

There is not a fixed price. He just sell 1500 shares to the existing a that time bids. Some of them will be sold for 1.5 btc, other 1.4-3, third part will hit 1.2, etc.

Ah, Thanks.

der_meister

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Activity: 155

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Quote from: mcris444 on July 26, 2012, 01:20:10 PM

Quote from: ?? on ??

These shares will be sold into the bid

What price will they be released at?

There is not a fixed price. He just sell 1500 shares to the existing at that time bids. Some of them will be sold for 1.5 btc, other 1.4-3, third part will hit 1.2, etc.

mcris444

newbie

Activity: 58

Merit: 0

Quote from: ?? on ??

Hello!

I am happy to announce the availability of 1,500 shares of YARR.

These shares will be sold into the bid at precisely 2pm UTC, August 1st.

This is 11pm in Japan and 10am in Eastern Time.

Gentlemen please place your bids!

What price will they be released at?

gnar1ta$

donator

Activity: 798

Merit: 500

usagi, will you be selling any more shares privately outside of GLBSE?

unclescrooge

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Same terms? 6% a week?

Mushoz

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Bitbuy

Quote from: ?? on ??

Quote from: drrussellshane on July 16, 2012, 10:08:15 AM

Can I buy shares through you directly, or must I go through GLBSE?

For convenience sake, I suggest you buy through the GLBSE. However if you really want to hold your shares with me offline, it's possible. Please send me a PM and I can set up a deposit address for you.

Thanks and good luck~

Send you a PM

drrussellshane

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Can I buy shares through you directly, or must I go through GLBSE?

Mushoz

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Bitbuy

Quote from: ?? on ??

Quote from: exahash on July 13, 2012, 10:43:42 AM

Quote from: Sukrim on July 13, 2012, 02:49:56 AM

What was the IPO price by the way?

I think it was supposed to be 1.3, but the first several trades were at 1.28.

It looks like only 130 shares have been sold in the past hour and 45 mins (since 2 PM UTC / 10 AM Eastern). Where are the other 220?

Sold privately to people on IRC.

There's 27 shares left. Depending on how I handle the influx I could sell a few hundred more. But this is a tricky business, at some point I have to stop selling shares for a considerable length of time and I am trying to wrap my head around the best way to do that. Please contact me in PM or on IRC if you are interested in YARR shares going forward. I will keep a small amount up on the market if I can.

Can I buy 7 of those 27 left?

puffn

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Usagi, did you intend to increase dividends to 7 percent per week, or was you payout on today a mistake?

Bitcoin Oz

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Wat

I love me some YARR shares Cheesy

puffn

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I love this idea, and am trying to build a position in your company. I don't have a ton of money, but would love to buy 20-25 shares even at market prices. Thanks so much for setting up the company.

Topic: closed - page 4. (Read 14906 times)