[GLBSE] PureMining: Infinite-term, deterministic mining bond - page 11.

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

Quote from: JWU42 on April 07, 2012, 09:44:45 AM

Missed it.. Angry

Don't worry, more bonds will be issued in the future. In any case it might be worth it to put up a bid at a reasonable price.

Quote from: JWU42 on April 07, 2012, 09:44:45 AM

EDIT: I am new to GLBSE but cannot clearly see how to short this...

GLBSE doesn't currently allow doing this. You can do it in a person-to-person way; find someone willing to lend some bonds to you, and agree to pay them back at a later time + all coupons in this time period + rental fee. Sell them, and hopefully buy at a lower price to pay back.

The possibility of calling the bonds makes this a bit more complicated, but the exact terms in the contingency can be negotiated with the lender.

JWU42

legendary

Activity: 1666

Merit: 1000

Missed it.. Angry

EDIT: I am new to GLBSE but cannot clearly see how to short this...

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

I issued 1000 new bonds at 0.38 BTC, for a total of 2000.

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

Quote from: labestiol on April 02, 2012, 04:20:06 PM

Are you planning to get your GLBSE account verified Meni ?

I have already provided Nefario with some identifying information and will provide more. He is still processing it.

In case this question was inspired by the Goat issue, Nefario has multiple channels to communicate with me, and I will be actively looking for ways to minimize the probability of someone cracking my account, and to keep the potential damage in this contingency at a level I can absorb. (eg, I may request Nefario to only allow changing my password if I ok it over the phone, or to stiffen the conditions under which new bonds can be issued.)

Quote from: Philj on April 02, 2012, 06:32:48 PM

Just put a bid in, any idea on when you'll be releasing those additional bonds?

It will probably be on Thursday or Friday.

Philj

sr. member

Activity: 388

Merit: 250

Just put a bid in, any idea on when you'll be releasing those additional bonds?

Nefario

hero member

Activity: 602

Merit: 512

GLBSE Support [email protected]

Quote from: labestiol on April 02, 2012, 04:20:06 PM

Are you planning to get your GLBSE account verified Meni ?

He's going to have to wait a couple of days.

There is a backlog and I'm dealing with quite a lot ATM.

labestiol

sr. member

Activity: 434

Merit: 251

Are you planning to get your GLBSE account verified Meni ?

server

legendary

Activity: 892

Merit: 1002

1 BTC =1 BTC

Quote from: Meni Rosenfeld on April 02, 2012, 01:29:59 PM

Quote from: labestiol on April 02, 2012, 08:27:44 AM

Quote from: ?? on ??

Quote from: Meni Rosenfeld on April 02, 2012, 05:55:03 AM

Quote from: server on April 02, 2012, 04:59:27 AM

Did you "buy" any of the new bonds yourself ?

I bought 10 bonds, mostly for testing purposes.

Ok, but if you buy bonds from yourself then you get these for free, you pay yourself...

Do you know what the total numbers of bonds will be ?

I'm asking this because I had 10% of your bonds but overnight my part is reduced to 5% because you doubled the number of bonds.

I guess the dividend will also be 50% less for bondholders that didn't double their number of bonds Sad

It's a bond, not a company share... Your ~~dividend~~ coupon will stay exactly the same, as described in the formula in the first post

This. The whole point is that your payments do not depend in any way on anything that I do. If you buy 50 bonds you get 50MH/s worth of payments according to a deterministic (up to external conditions) algorithm.

So buying my own bonds has no functional effect, though it could have perception effects. In any case I only keep a symbolic amount for testing purposes.

Sorry, my mistake, I didn't know the difference between stocks and bonds but now I understand, thank you for explaining.

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

Quote from: labestiol on April 02, 2012, 08:27:44 AM

Quote from: ?? on ??

Quote from: Meni Rosenfeld on April 02, 2012, 05:55:03 AM

Quote from: server on April 02, 2012, 04:59:27 AM

Did you "buy" any of the new bonds yourself ?

I bought 10 bonds, mostly for testing purposes.

Ok, but if you buy bonds from yourself then you get these for free, you pay yourself...

Do you know what the total numbers of bonds will be ?

I'm asking this because I had 10% of your bonds but overnight my part is reduced to 5% because you doubled the number of bonds.

I guess the dividend will also be 50% less for bondholders that didn't double their number of bonds Sad

It's a bond, not a company share... Your ~~dividend~~ coupon will stay exactly the same, as described in the formula in the first post

This. The whole point is that your payments do not depend in any way on anything that I do. If you buy 50 bonds you get 50MH/s worth of payments according to a deterministic (up to external conditions) algorithm.

So buying my own bonds has no functional effect, though it could have perception effects. In any case I only keep a symbolic amount for testing purposes.

labestiol

sr. member

Activity: 434

Merit: 251

Quote from: ?? on ??

Quote from: Meni Rosenfeld on April 02, 2012, 05:55:03 AM

Quote from: server on April 02, 2012, 04:59:27 AM

Did you "buy" any of the new bonds yourself ?

I bought 10 bonds, mostly for testing purposes.

Ok, but if you buy bonds from yourself then you get these for free, you pay yourself...

Do you know what the total numbers of bonds will be ?

I'm asking this because I had 10% of your bonds but overnight my part is reduced to 5% because you doubled the number of bonds.

I guess the dividend will also be 50% less for bondholders that didn't double their number of bonds Sad

It's a bond, not a company share... Your ~~dividend~~ coupon will stay exactly the same, as described in the formula in the first post

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: Meni Rosenfeld on April 02, 2012, 12:22:22 AM

I have issued 500 new bonds (a total of 1000), at 0.36 BTC per bond.

Very interesting. Seems this bond is doing well.

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

Quote from: server on April 02, 2012, 04:59:27 AM

Did you "buy" any of the new bonds yourself ?

I bought 10 bonds, mostly for testing purposes.

server

legendary

Activity: 892

Merit: 1002

1 BTC =1 BTC

Did you "buy" any of the new bonds yourself ?

mila

sr. member

Activity: 462

Merit: 250

Quote from: roomservice on April 02, 2012, 03:19:20 AM

Awesome! Hope i'am able to get a peace of cake this time!

just don't leave open bids @.7 or any other significant price above the sale price from Meni or you end up paying a lot more (see history price graph and twitter feed for this issue's data)

roomservice

full member

Activity: 199

Merit: 100

Quote from: Meni Rosenfeld on April 02, 2012, 03:09:59 AM

Quote from: organofcorti on April 02, 2012, 02:24:00 AM

Well, that sold out fast. Glad I had an order in.

Yeah, demand had some time to build up while we were waiting for issuing to be implemented.

On that note, I no longer consider this a proof of concept, there's serious money involved, and I plan to issue more bonds over the next 6 weeks.

For now, I will issue 1000 more bonds later this week.

Awesome! Hope i'am able to get a peace of cake this time!

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

Quote from: organofcorti on April 02, 2012, 02:24:00 AM

Well, that sold out fast. Glad I had an order in.

Yeah, demand had some time to build up while we were waiting for issuing to be implemented.

On that note, I no longer consider this a proof of concept, there's serious money involved, and I plan to issue more bonds over the next 6 weeks.

For now, I will issue 1000 more bonds later this week.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Well, that sold out fast. Glad I had an order in.

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

I have issued 500 new bonds (a total of 1000), at 0.36 BTC per bond.

Meni Rosenfeld

donator

Activity: 2058

Merit: 1054

Coupon payment summary for March 2012 (total 0.020971201 BTC per bond):

Code:

Block number	Timestamp        	Timestamp (Unix)	Elapsed time	Difficulty	Block reward	Coupon    	Status
173711    	Mar 31 2012 10:48:33  	1333190913          	191299    	1626553.48133 	50        	0.0013691609	Paid
173375    	Mar 29 2012 05:40:14  	1332999614          	189190    	1498294.36282 	50        	0.0014699791	Paid
173039    	Mar 27 2012 01:07:04  	1332810424          	188874    	1498294.36282 	50        	0.0014675239	Paid
172703    	Mar 24 2012 20:39:10  	1332621550          	187759    	1498294.36282 	50        	0.0014588605	Paid
172367    	Mar 22 2012 16:29:51  	1332433791          	182131    	1498294.36282 	50        	0.0014151317	Paid
172031    	Mar 20 2012 13:54:20  	1332251660          	188758    	1498294.36282 	50        	0.0014666226	Paid
171695    	Mar 18 2012 09:28:22  	1332062902          	177628    	1498294.36282 	50        	0.0013801441	Paid
171359    	Mar 16 2012 08:07:54  	1331885274          	216701    	1496978.59502 	50        	0.0016852156	Paid
171023    	Mar 13 2012 19:56:13  	1331668573          	183894    	1496978.59502 	50        	0.0014300859	Paid
170687    	Mar 11 2012 16:51:19  	1331484679          	187929    	1496978.59502 	50        	0.0014614648	Paid
170351    	Mar 09 2012 12:39:10  	1331296750          	180784    	1496978.59502 	50        	0.0014059004	Paid
170015    	Mar 07 2012 10:26:06  	1331115966          	202337    	1496978.59502 	50        	0.0015735113	Paid
169679    	Mar 05 2012 02:13:49  	1330913629          	237283    	1496978.59502 	50        	0.0018452753	Paid
169343    	Mar 02 2012 08:19:06  	1330676346          	182339    	1376302.26789 	50        	0.0015423250	Paid

Nefario

hero member

Activity: 602

Merit: 512

GLBSE Support [email protected]

Quote from: mila on March 31, 2012, 02:03:06 AM

Quote from: Nefario on March 30, 2012, 03:57:07 PM

Quote from: mila on March 30, 2012, 01:52:48 PM

does glbse know / recognize ticker.sub as a sub-asset or is that concatenated automatically if the new asset is issued by an asset manager (instead of general user)?

GLBSE knows base asset names. E.g. I have GLBSE, then only I'm allowed to create GLBSE.SUB

but how? which user can (can't ) do that?
is the glbse base name owned by the user or by the asset manager account? do I have to enter glbse.sub in the ticker field or is it enough to type SUB and the name would be fixed by glbse depending on the user that is issuing the asset?

think I'll figure it out in dev environment

It's owned by users accounts.

Topic: [GLBSE] PureMining: Infinite-term, deterministic mining bond - page 11. (Read 39585 times)