Topic: [GLBSE] SHORTING ... paying 50% MORE DIVIDENT - page 3. (Read 9061 times)

Rate reduced.

Sure, will do.

Thank you.

Hi ciuciu,

For better visibility and track on my side, can you slightly change the payment addresses for my bonds?

Puremining still to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c
Bitbond to 1PssAuxenQ6vugtjc2dc2SQW5ik4MoJ4y5 (instead of the above)?

Sorry, should have given 2 different addresses  right away, missed it. Thanks in advance!

Thanks for the coupons you just paid out. Already received the coupons for Bitbond and Puremining that were paid out today.

Lky_svn

Thank you.

Yum.  Thanks!

Shares received.

Thank you.

We have an agreement.

Hi,

these are my terms and conditions for our deal discussed per PM

3 BTC up-front to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c, then 350 Puremining bonds get transferred to your GLBSE account.
2 BTC up-front to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c, then 200 Bitbond bonds get transferred to your GLBSE account.

Double the amount of any dividend these Puremining and Bitbond bonds receive goes to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c within 24 hours of that dividend being paid out by Puremining and Bitbond.

At any point of time you are allowed to send back any amount of these 550 bonds to my GLBSE account and pay proportionally fewer dividends from that time on. If howeverPuremining and Bitbond paid dividends, but you are within the 24h window, you still have to pay the doubled dividend, even if you transfer the bonds back in that window (basically: double any dividend you could have gotten, regardless if you still own the bonds or not).

I reserve the right to cancel this agreement and demand to have some or all 550 bonds transferred back to my GLBSE account within 28 calendar days (not 28 business days, but calendar 4 weeks) which are starting as soon as this demand is posted here in this thread by me. As long as the shares are not in my possession, you will still have to pay double dividends though.
The 5 BTC transferred up-front will be returned within 24h once the bonds have been transferred back to my GLBSE account.

All payments have to be made via transactions, not via GLBSE transfers, because then they can be verified using the block chain. Should some rules above be broken (which is easily verifiyble for anyone using publicly available information) I reserve to take actions including, but not limited to, asking for freezing the GLBSE account where shares were sent and/or being reimbursed in shares and/or bitcoin from the receiver of the shares.

Good morning,

YABMC coupon paid.
http://blockchain.info/address/16SqSuqvQzkHVnS1aRsDD4PSJCewBvs1dn
http://blockchain.info/address/17A7A8zNbvzwG3eQwdVRQwTcCe3vqSbJcr

Thank you.

And if you believe me, I'm not the only one doing it.

I totally agree. I'm jealous that you got so much borrowing action. Though I suppose I might be able to is I was willing to pay double dividends.

I was responding to anyone who thinks the USD price of BTC affects the BTC price of fixed MH bonds.

We are in the middle of a technology change. Soon, share offerings will pour in at a more attractive price, then people will start jumping ship. My advice is to invest in something like BFLS. I might offer it myself soon.

Mining bonds are valued in bitcoins and pay out in bitcoins. Unless I'm reading the contract wrong for something like Gigamining, it pays out 100%PPS for a specific hash rate. The BTC/USD exchange rate doesn't affect the return on the mining bond, only the difficulty.

If difficulty goes up, 5MH/s produces less and the dividend is smaller. If difficulty goes down, the dividend is larger. So, unless difficulty is on a long term downward trend the dividends from these fixed hash rate bonds won't increase over time.

Say bitcoin price doubles and diff stays the same. The bond is worth twice as many dollars, which happens to be exactly the original number of bitcoins.

When the price of Bitcoin rises faster than the difficulty goes up then mining bonds should also become more valuable because they pay out Bitcoins.

Shares received.

Thank you.

Done deal.
300 GIGAMINING bonds and 300 YABMC transferred to ciuciu's account at GLBSE.

Is there any reason why a fixed rate perpetual mining bond would increase in value over time? Even without the reward halving, difficulty continues to trend up and the increasing proportion of FPGA miners mean it will be much less likely to swing back down with price drops.

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Hash: SHA256

Hi ciuciu,

these are my terms and conditions for a deal:

3 BTC up-front to 13WRBNRaQaK5XjMFSXQCzEPK5QGrib1WKQ, then 300 GIGAMINING bonds get transferred to a GLBSE account of your choice.
3 BTC up-front to 17A7A8zNbvzwG3eQwdVRQwTcCe3vqSbJcr, then 300 YABMC bonds get transferred to a GLBSE account of your choice.

Double the amount of any dividend these GIGAMINING bonds receive goes to 13WRBNRaQaK5XjMFSXQCzEPK5QGrib1WKQ within 24 hours of that dividend being paid out by GIGAMINING.
Double the amount of any dividend these YABMC bonds receive goes to 17A7A8zNbvzwG3eQwdVRQwTcCe3vqSbJcr within 24 hours of that dividend being paid out by YABMC.

At any point of time you are allowed to send back any amount of these 600 bonds to my GLBSE account and pay proportionally fewer dividends from that time on. If however GIGAMING or YABMC paid dividends, but you are within the 24h window, you still have to pay the doubled dividend, even if you transfer the bonds back in that window (basically: double any dividend you could have gotten, regardless if you still own the bonds or not).

I reserve the right to cancel this agreement and demand to have some or all 600 bonds transferred back to my GLBSE account within 28 days (= not 28 business days, but 4 weeks) which are starting as soon as this demand is posted here in this thread by me. As long as the shares are not in my possession, you will still have to pay double dividends though.

All payments have to be made via transactions, not via GLBSE transfers, because then they can be verified using the block chain. Should some rules above be broken (which is easily verifiyble for anyone using publicly available information) I reserve to take actions including, but not limited to, asking for freezing the GLBSE account where shares were sent and/or being reimbursed in shares and/or bitcoin from the receiver of the shares.
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