Topic: [Cryptostocks] Bitbond 200Gh/s 105% PPS mining bond - Relaunched - page 6. (Read 38713 times)

Sent PM with info about my BITBOND assets.

I've been trying to get an investor list with positions for bondholders, but I have still not received anything.  A few of you have contacted me with claims for his/her bonds.  However, without a way to confirm who owns what I do not feel comfortable buying back shares or issuing new shares on a new exchange.

I will update the thread with progress if/when Nefario releases the investor information.  Meanwhile, please PM me (if you haven't already) with your outstanding bonds and I'll start a spreadsheet on Google Docs to track it.

I think there is no much relation between these facts...

Nefario asked to resend double payment & no word after it.
maybe due to this, amazingrando is silence.

It's been long since we heared from our issuer @amazingrando. I PM'ed him but he keeps silence... I wonder is there any progress in claiming assets from GLBSE, anyone? Any chance to get dividents paid in the near future?

thank you for asking this interesting question

Hey all!

Seems on the GLBSE site there is form for claiming assets: https://glbse.com/. Question to amazingrando: do you know about the described procedure, is it safe to submit my data to this form to let you authenticate me as a shareholder of BITBOND?

Regards,
Voland

Its great to see some competence in the bitcoin community. I think I had about 80ish bonds but I cant remember exactly without having access to glbse, how are bond holders identified without the glbse?

Thank you for sharing your plans with us. I'm happy that I chose BITBOND as an asset of interest. Please keep us updated as we have no access to the Nefario's motions info at all. Have a nice week, amazingrando!

Cryptostocks is a leading option right now.  It's relatively easy to use and could be a quick way for us to get back up and running.  I don't want to make a knee-jerk reaction, however, just to get BITBOND listed "somehwere."  Also, before I even transition to another market I need to get the investor list from Nefario (and hopefully get back coins).

Cryptostocks?

Hi everyone-

GLBSE closing is unfortunate and frustrating to all of us.  That being said, I truly believe the Bitcoin community deserves a better marketplace than what Nefario was providing.  This could be an opportunity to create a far better exchange that will help to catalyze adoption and growth of Bitcoin.

That being said, I am evaluating alternatives that we can use in the interim. Even if we need to transact directly in the interim I am open to that.  As far as I am concerned, there is no change to BITBOND.  Once I can get bond ownership info, I'll proceed with weekly payouts. Until then, the payouts will be banked.  As bondholders you will receive the payouts you are entitled to.

Regarding the ASIC upgrade.  I have revised the upgrade path quite extensively (e.g. there is only a free and paid upgrade - no small, medium, mega, etc.).  I intended to release the upgrade info today (bad timing!).  If current or prospective bondholders are chomping at the bit to know the upgrade plan, I can share it.  Otherwise, I'll focus on where to take BITBOND after GLBSE.

Looks like I had a brain-fart when I typed the 81.  The original info was in a spreadsheet.  If you look at my final calc of the BTC per mh/s it's pretty obvious I used the correct value of 135 there.  My point in the post wasn't so much to try to give accurate values - as to show why Bitbond price dropping had a perfectly rational explanation as, on the values published by the asset owner, it was clearly significantly over-priced compared to GIGAMINING.  Plus also to point out that, trading a lower price, the big upgrade no longer makes any sense - working out more expensive per MH/s than the small upgrade.

Hi amazingrando,

Despite that it is weekend I think this is very hot topic to bother you. What do you think about all this sh** happened to GLBSE https://bitcointalksearch.org/topic/nefario-115669  ? Could we as your BITBOND investors count on some resolution from you personally if GLBSE was totally screwed up?

I don't understand how paid, 15*9 = 81?
15*9 =135 Mh/s in my calculator.

Can anyone explain who is wrong here?

It is naive to assume that the price of a bond is based just on its payout. If that were the case then Treasury bonds paying 0.25% per year would be practically worthless.

Upgrading your offering may well help.  As someone who day-trades and has been looking at various stocks, here's why your share price has crashed:

Compare what you offer to Gigamining.

You:

Bitbond at .21

* Free:  2M/s BITBOND converts to 12.5Mh/s BITBOND.ASIC for free
* Small upgrade:  2M/s BITBOND converts to 45Mh/s BITBOND.ASIC for 0.25 btc
* Large upgrade: 2M/s BITBOND converts to 450Mh/s BITBOND.ASIC for 5.5 btc

free = .0168 per mh/s
small = .46/45 = .01022 btc per /mh/s
large = 5.71/450 =  .01268 btc /mh/s

Now look at Gigamining's (each tera bond is 9 Mh/s):

Giga .56

Free - 36 mh/s
paid - 81 mh/s

    FREE UPGRADE: This is a one for four swap of GIGAMINING for the bond.
    PAID UPGRADE: This is a one for fifteen swap of GIGAMINING for the bond. A payment of .29 BTC per GIGAMINING bond is also required.

free = .015555 BTC per mh/s
paid = .85/(15*9) = .00629 BTC per mh/s

Two things are obvious:

1. At current market share prices you get more mh/s for your BTC with giga than with you.
2.  Now your share price has dropped your large upgrade no longer makes any sense.

You need to roughly double the mh/s your large offer gives you make it competitive with giga AT CURRENT SHARE PRICES.  More than double it if you want the share price to rise (unless giga's falls).  The free upgrade isn't all that uncompetitive - a 50% rise in that would make it better value than giga's: though who in their right mind will take the free upgrade anyway?

The sharp share-price fall was just the market revaluing your share in an entirely rational manner.  Hence why Giga's didn't fall in the same way.  Nothing to do with bad management - just bad value (at the old price).

Yes, I am in the process of revising the upgrade path based on recent information.  Once I feel comfortable with a revised plan I will circulate it for comments with investors.

Now that BFL has upgraded the performance of their ASICs by 50% you should be able to increase your hash rates per bond as well, right?

Weekly payout paid.  Have a great week!