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Topic: deleted (Read 1210 times)

legendary
Activity: 1106
Merit: 1004
Lead Blockchain Developer
June 26, 2012, 09:25:54 PM
#4
I gotcha.  Thank you!
legendary
Activity: 1106
Merit: 1004
Lead Blockchain Developer
June 26, 2012, 05:56:31 PM
#3
What about the case of GIGAMINING paying a coupon, but it's not high enough/not according to their published payout formula? It should read "weekly, on time and in the correct amount" imho.

From my understanding of GIGAMINING, each bond pays a coupon payment of 100% PPS of 5 Mh/s.

Maybe in the future I will release some insurance bonds as you suggest, but right now these ones are more for failure.

Making sure I understand this correctly.  The holders of the SHORT bond only get paid if gigamining closes it's doors?

How would they fail outright?  If it ever got close to failing they'd just issue more bonds, pay the dividend with a portion of the proceeds, and order more hardware with the other portion.

I guess then that you're betting on the chances of the operator getting hit by a bus and/or disappearing to pirate island?  Wink

legendary
Activity: 2618
Merit: 1006
May 30, 2012, 05:54:42 PM
#2
What about the case of GIGAMINING paying a coupon, but it's not high enough/not according to their published payout formula? It should read "weekly, on time and in the correct amount" imho.
hero member
Activity: 532
Merit: 500
May 30, 2012, 05:42:16 PM
#1
deleted
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