Topic: P - page 41. (Read 78397 times)
once you hold the bond it will last forever!
you get 6.5% each week, there is no buy back silliness.
yes this will kill all the other PPT stuff...
you get 6.5% each week, there is no buy back silliness.
yes this will kill all the other PPT stuff...
If you pay more than 1BTC, you won't get 6.5% per week. You'll earn 0.065 BTC per week per share, so if you pay more than 1BTC per share you will make less than 6.5% dividends per week.
the first week will be lower, but after that it will be 6.5% if you do the math, the furth you go out in time the closer you get to 6.5%
No offense, but I don't see what you're saying. There might be some aspect of this I'm not seeing. Are you paying a fixed return per share, or will you return 6.5% of the actual value of share (average of bid + ask or something). Let's pick a big number to make the differences obvious.
Scenario:
The shares sell for 2BTC each. I have 200 BTC, and purchase 100 shares. The first week I receive 6.5BTC dividend, a 3.75% return on my 200BTC. The second week, I get a 6.5BTC dividend, again a 3.75% return on my 200BTC investment. The numbers don't converge, I'll always be receiving a 6.5BTC return on my 200BTC investment.
Is that not how this is going to run?
Thanks for clarifying it.
once you hold the bond it will last forever!
you get 6.5% each week, there is no buy back silliness.
yes this will kill all the other PPT stuff...
you get 6.5% each week, there is no buy back silliness.
yes this will kill all the other PPT stuff...
If you pay more than 1BTC, you won't get 6.5% per week. You'll earn 0.065 BTC per week per share, so if you pay more than 1BTC per share you will make less than 6.5% dividends per week.
for that first week for anyone who buys it. but all the other weeks they get the 6.5%
once the btc is in the system and in with pirate there are no more fees so I'm fine paying 6.5%
once the btc is in the system and in with pirate there are no more fees so I'm fine paying 6.5%
Are you sure on that? If it does go to 1.02, I would need to spend 102BTC to buy 100 shares. From those 100 shares I would get 6.5BTC weekly dividends, which is (6.5/102)*100% = 6.37%. That number wouldn't change week by week though, you'd still be getting 6.37% weekly returns since your dividend is always 6.5BTC and your investment doesn't change at 102BTC.
"the fee" is 0.5% - which is your profit margin of exactly 1 week's income. As soon as someone holds that bond longer than 1 week, you are on the plus side. I don't really see where you'd loose money on that.
I understand your frustration, but if 0.005 BTC per share are really an issue, just don't sell down to 1 BTC but 1.01 BTC instead for example, so you get reimbursed on these fees. Pushing prices to 1.2 or so and making them scarce however is not what theymos suggested + what you agreed to...
I understand your frustration, but if 0.005 BTC per share are really an issue, just don't sell down to 1 BTC but 1.01 BTC instead for example, so you get reimbursed on these fees. Pushing prices to 1.2 or so and making them scarce however is not what theymos suggested + what you agreed to...
i will issue more and sell them at a much higher price than before.
I thought the plan was to fill any offer down to 1 BTC each week?(emphasis mine)
I'd like to invest with Bitcoin Savings & Trust, but it's apparently pretty difficult to get an account and you can't get the best interest rate without risking tons of BTC. PPT is alright, but, as Meni Rosenfeld pointed out, the "insurance" is mostly meaningless and only makes figuring out the risk/reward more difficult.
I'd like to see a GLBSE asset like this:
- Each share represents 1 BTC invested in BS&T and gets weekly dividend payments equal to whatever BS&T pays minus a small fee for the owner of the asset.
- Every week at some predetermined time, the asset owner creates enough new shares to fill all bids of 1 BTC or more.
Anyone with a BS&T account want to do this?
I'd like to see a GLBSE asset like this:
- Each share represents 1 BTC invested in BS&T and gets weekly dividend payments equal to whatever BS&T pays minus a small fee for the owner of the asset.
- Every week at some predetermined time, the asset owner creates enough new shares to fill all bids of 1 BTC or more.
Anyone with a BS&T account want to do this?
Okay, I will adjust TYGRR-P or TYGRR.P to this.
100% uninsured bonds at 6.5% weekly. (as requested by theymos)
Let me change the contracts. IPO will be Tuesday.
Thanks.
100% uninsured bonds at 6.5% weekly. (as requested by theymos)
Let me change the contracts. IPO will be Tuesday.
Thanks.
How many will be sold?
This.
I'm not buying in right away if more are just going to be dumped on the market at anytime.
Every week any number of bids at or above 1 BTC should be granted shares - then the money gets transferred to Mr. Ponziirate, lies there indefinitely and the 6.5% are then paid as dividend to shareholders. Should someone decide to get out of there, one could either trust liquidity + demand and sell the share for 1 BTC or try to convince goat to get e.g. a payout of 100 BTC from pirate and issue a buyback offer at 1 BTC per share.
To get compounded interest, buy at least 16 shares or multiples of that ( 1 / 0.065 ), then you should get at least 1 BTC per week and can buy a new share each time. Still not 100% perfect each week, but close enough... I'd recommend to diversify though personally.
To get compounded interest, buy at least 16 shares or multiples of that ( 1 / 0.065 ), then you should get at least 1 BTC per week and can buy a new share each time. Still not 100% perfect each week, but close enough... I'd recommend to diversify though personally.
Surely there is a limit to the number of shares issued ? or is the sky the limit?
From what I recall, pirate did have limits relating to the deposits for a given time period back in the days.
Insurance is completely useless, if you want to have this 33% "insured", just put 33 Bitcents per BTC invested to a seperate savings account that you own to have the same effect.
Every week any number of bids at or above 1 BTC should be granted shares - then the money gets transferred to Mr. Ponziirate, lies there indefinitely and the 6.5% are then paid as dividend to shareholders. Should someone decide to get out of there, one could either trust liquidity + demand and sell the share for 1 BTC or try to convince goat to get e.g. a payout of 100 BTC from pirate and issue a buyback offer at 1 BTC per share.
To get compounded interest, buy at least 16 shares or multiples of that ( 1 / 0.065 ), then you should get at least 1 BTC per week and can buy a new share each time. Still not 100% perfect each week, but close enough... I'd recommend to diversify though personally.
Every week any number of bids at or above 1 BTC should be granted shares - then the money gets transferred to Mr. P
To get compounded interest, buy at least 16 shares or multiples of that ( 1 / 0.065 ), then you should get at least 1 BTC per week and can buy a new share each time. Still not 100% perfect each week, but close enough... I'd recommend to diversify though personally.
About insurance. You could make this optional. Use bonds like PPT does (forced callback) weekly or monthly.
Example for weekly: Since previous offer was 5% for 33% insurance this makes the insurance cost 1.5% weekly.You can sell these bonds at 0.015 and in case of default owner gets 0.33BTC(or 0.045 for 1BTC). When you pay dividends for TYGRR.P you recall these insurance bonds and put them for resale again and leave them for a period of time in case they are not immediately sold.
You will insure maximum of 33% of TYGRR.P value making this solution with the same risk for you as your initial offer.
Since this is basically an insurance against generic pirate's default as well as speculative usage, I'm sure these will sell well and you could do it auction style just like PPT.
Example for weekly: Since previous offer was 5% for 33% insurance this makes the insurance cost 1.5% weekly.You can sell these bonds at 0.015 and in case of default owner gets 0.33BTC(or 0.045 for 1BTC). When you pay dividends for TYGRR.P you recall these insurance bonds and put them for resale again and leave them for a period of time in case they are not immediately sold.
You will insure maximum of 33% of TYGRR.P value making this solution with the same risk for you as your initial offer.
Since this is basically an insurance against generic pirate's default as well as speculative usage, I'm sure these will sell well and you could do it auction style just like PPT.
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