Diablo Mining Company - page 39. | Bitcointalksearch.org

Bitcoin Oz

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Wat

Quote from: EskimoBob on June 24, 2012, 11:12:07 AM

Quote from: Bitcoin Oz on June 24, 2012, 02:03:10 AM

Mining bonds are a retarded idea and only benefit the issuer.

An that's why you call them turds and not bonds.

As you probably know, those perpetual N MH/s "bonds" are similar to FRN's (Floating Rate Notes). FRN's are also called "floaters", so I am inviting you all to call all the perpetual bitcoin floaters as "Turd(s)".

I hope no one gets left with turd on their face.

Philj

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Quote from: DiabloD3 on June 27, 2012, 03:34:47 PM

Quote from: rjk on June 27, 2012, 03:22:32 PM

saywut, you mean this post?: https://bitcointalksearch.org/topic/m.951584

Yes, that one, where he is no longer going to honor the contract he agreed to on GLBSE.

had to read that 3 times to catch the .125 in the contract vs the intended .0125. thats a pretty big difference.

DiabloD3

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Quote from: rjk on June 27, 2012, 03:22:32 PM

saywut, you mean this post?: https://bitcointalksearch.org/topic/m.951584

Yes, that one, where he is no longer going to honor the contract he agreed to on GLBSE.

rjk

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1ngldh

saywut, you mean this post?: https://bitcointalksearch.org/topic/m.951584

DiabloD3

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Quote from: DiabloD3 on June 21, 2012, 10:07:32 PM

Our second dividend and first full month dividend is quickly approaching.

Estimated total dividends: 75.52 to 83.00 BTC
Estimated per share dividend: 0.028495 to 0.031827 BTC

Well, this is fun. BTCMC is not going to honor the .125 BTC/mo dividend in the contract. This estimate is now wrong, and is probably going to be around 27 to 35 BTC total dividend, or less than half. Thanks Yochdog.

EskimoBob

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Quote from: Bitcoin Oz on June 24, 2012, 02:03:10 AM

Mining bonds are a retarded idea and only benefit the issuer.

An that's why you call them turds and not bonds.

As you probably know, those perpetual N MH/s "bonds" are similar to FRN's (Floating Rate Notes). FRN's are also called "floaters", so I am inviting you all to call all the perpetual bitcoin floaters as "Turd(s)".

DiabloD3

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Quote from: P4man on June 24, 2012, 02:00:52 AM

You are missing the point. You are paying out dividends as if you are making a profit, but the only income you have is from mining bonds and you only count the coupon payments you receive, not the free falling value of the bonds you hold; you will have to sell these bonds at some point. in reality you probably only made significant losses so far.

Wait until the first, I don't want to spoil it for anyone who isn't in the know.

Bitcoin Oz

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Wat

Mining bonds are a retarded idea and only benefit the issuer.

P4man

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You are missing the point. You are paying out dividends as if you are making a profit, but the only income you have is from mining bonds and you only count the coupon payments you receive, not the free falling value of the bonds you hold; you will have to sell these bonds at some point. in reality you probably only made significant losses so far.

DiabloD3

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Quote from: Bitcoin Oz on June 23, 2012, 10:24:25 PM

Quote from: DiabloD3 on June 23, 2012, 10:21:03 PM

Quote from: Bitcoin Oz on June 23, 2012, 10:16:57 PM

Quote from: P4man on June 22, 2012, 11:33:47 AM

Quote from: Red Emerald on June 22, 2012, 11:22:51 AM

Awesome. >3% monthly is nice.

Not if it comes from holding mining bonds that may yield 7-8%, but are about to become worthless.
You can buy greek debt at >8% if you want.

Personally I would avoid those bonds and only invest in mining companies with an upgrade path to asic. Like cognitive.

Please keep trolling in this thread to a minimum.

Its not trolling its smart business to avoid the clear risk these bonds pose to returns.

Many of the bonds are sold at a fixed mh value. They are worth exactly that, no more, no less. There is only one fixed dividend bond on the market and thats BTCMC, as far as I know.

Bitcoin Oz

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Wat

Quote from: DiabloD3 on June 23, 2012, 10:21:03 PM

Quote from: Bitcoin Oz on June 23, 2012, 10:16:57 PM

Quote from: P4man on June 22, 2012, 11:33:47 AM

Quote from: Red Emerald on June 22, 2012, 11:22:51 AM

Awesome. >3% monthly is nice.

Not if it comes from holding mining bonds that may yield 7-8%, but are about to become worthless.
You can buy greek debt at >8% if you want.

Personally I would avoid those bonds and only invest in mining companies with an upgrade path to asic. Like cognitive.

Please keep trolling in this thread to a minimum.

Its not trolling its smart business to avoid the clear risk these bonds pose to returns.

DiabloD3

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Quote from: Bitcoin Oz on June 23, 2012, 10:16:57 PM

Quote from: P4man on June 22, 2012, 11:33:47 AM

Quote from: Red Emerald on June 22, 2012, 11:22:51 AM

Awesome. >3% monthly is nice.

Not if it comes from holding mining bonds that may yield 7-8%, but are about to become worthless.
You can buy greek debt at >8% if you want.

Personally I would avoid those bonds and only invest in mining companies with an upgrade path to asic. Like cognitive.

Please keep trolling in this thread to a minimum.

Bitcoin Oz

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Activity: 686

Merit: 500

Wat

Quote from: P4man on June 22, 2012, 11:33:47 AM

Quote from: Red Emerald on June 22, 2012, 11:22:51 AM

Awesome. >3% monthly is nice.

Not if it comes from holding mining bonds that may yield 7-8%, but are about to become worthless.
You can buy greek debt at >8% if you want.

Personally I would avoid those bonds and only invest in mining companies with an upgrade path to asic. Like cognitive.

EskimoBob

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Quote from: da2ce7 on June 23, 2012, 01:12:17 AM

Quote from: bitlane on June 19, 2012, 06:46:33 PM

Diablo, next time he tries to get BTC out of you, tell him that you are willing to 'middle' the sale of a great website/project that he might be interested in...
http://deathbylollipop.biz/

Death by Lolipop must be the gayest Bitcoin site ever! Tongue

Nice job. You must add this link to every youtube post this joker has ever made

da2ce7

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Quote from: bitlane on June 19, 2012, 06:46:33 PM

Diablo, next time he tries to get BTC out of you, tell him that you are willing to 'middle' the sale of a great website/project that he might be interested in...
http://deathbylollipop.biz/

Death by Lolipop must be the gayest Bitcoin site ever! Tongue

P4man

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Quote from: Red Emerald on June 22, 2012, 02:57:11 PM

Quote from: P4man on June 22, 2012, 11:33:47 AM

Quote from: Red Emerald on June 22, 2012, 11:22:51 AM

Awesome. >3% monthly is nice.

Not if it comes from holding mining bonds that may yield 7-8%, but are about to become worthless.
You can buy greek debt at >8% if you want.

By "about to" do you mean in months or more when BFL is shipping ASICs?

Time will tell, IMO they already are ridiculously overpriced today, but its a safe bet to say they will degrade faster than 3% per month (ie, difficulty will increase by more than 3% per month) regardless if your timeline is months or years. Difficulty has been going up by ~8% per month over the past 6 months, and thats before the mini rigs and the asics.

Red Emerald

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Quote from: P4man on June 22, 2012, 11:33:47 AM

Quote from: Red Emerald on June 22, 2012, 11:22:51 AM

Awesome. >3% monthly is nice.

Not if it comes from holding mining bonds that may yield 7-8%, but are about to become worthless.
You can buy greek debt at >8% if you want.

By "about to" do you mean in months or more when BFL is shipping ASICs?

P4man

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Merit: 500

Quote from: Red Emerald on June 22, 2012, 11:22:51 AM

Awesome. >3% monthly is nice.

Not if it comes from holding mining bonds that may yield 7-8%, but are about to become worthless.
You can buy greek debt at >8% if you want.

Red Emerald

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Quote from: DiabloD3 on June 21, 2012, 10:07:32 PM

Our second dividend and first full month dividend is quickly approaching.

Estimated total dividends: 75.52 to 83.00 BTC
Estimated per share dividend: 0.028495 to 0.031827 BTC

Awesome. >3% monthly is nice.

DiabloD3

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DiabloMiner author

Our second dividend and first full month dividend is quickly approaching.

Estimated total dividends: 75.52 to 83.00 BTC
Estimated per share dividend: 0.028495 to 0.031827 BTC

Topic: Diablo Mining Company - page 39. (Read 96422 times)