Whats the difference between simply placing 1btc into cold storage then sending .55 to bitcoinmax versus getting an insured passthrough ?
You are still at risk of losing the .55btc so you may as well get all the benefit if the pirate doesnt default. Maybe I am missing something ?
Topic: PI - page 5. (Read 13781 times)
But goat, you have a lot of money. Your default risk is the same as investing directly into pirate, and you make almost 2x as much as insuring it. Why are you doing this, anyway?
since it can't be due to the high profit margins.With the IPO price he can finance the collateral and with the rest put into pirate he can just barely finance the interest, without touching his own money. By a hair. And only as long as pirate does not default.
Goat seems to be very very sure pirate will not default.
Bond face value is 1 BTC.
If BTCST defaults the bond will be worth 1 BTC.
If BTCST does not default the bond will be worth 1 BTC.
Does this mean if pirate shuts down his operation and returns everyone's money, you only buy back at 1BTC?If BTCST defaults the bond will be worth 1 BTC.
If BTCST does not default the bond will be worth 1 BTC.
Yes.
Bond face value is 1 BTC.
If BTCST defaults the bond will be worth 1 BTC.
If BTCST does not default the bond will be worth 1 BTC.
Does this mean if pirate shuts down his operation and returns everyone's money, you only buy back at 1BTC? If BTCST defaults the bond will be worth 1 BTC.
If BTCST does not default the bond will be worth 1 BTC.
I am pretty clueless when it comes to GLBSE to please excuse my ignorance here...
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC?
Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it.
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC?
Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it.
Looking at it that way, I believe the interest calculation would be:
(0.055/1.55) = 3.548%
And the insurance calculation:
(1/1.55) = 64.516%
which is the amount insured of your initial payment.
I could be totally off though, so maybe someone else can jump in and explain the math better.
I wish GLBSE assets could be listed in simpler terms
I am pretty clueless when it comes to GLBSE to please excuse my ignorance here...
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC?
Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it.
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC?
Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it.
Looking at it that way, I believe the interest calculation would be:
(0.055/1.55) = 3.548%
And the insurance calculation:
(1/1.55) = 64.516%
which is the amount insured of your initial payment.
I could be totally off though, so maybe someone else can jump in and explain the math better.
I am pretty clueless when it comes to GLBSE to please excuse my ignorance here...
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC?
Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it.
If the 5.5% is paid from the 1 BTC face value, what is the actual weekly interest rate, considering the bonds cost 1.55 BTC?
Also, since only 1 BTC is insured, investors stand to lose .55 BTC from each bond they purchase. So they are not 100% insured as I would understand it.
I will post a pic of the coin soon.
More of them are on sale now, Sorry traveling
More of them are on sale now, Sorry traveling
Aren't you supposed to be on a mountain somewhere doing goatee things?
Greetings from Berlin, by the way.
I'm confused does the bond pay 5.5% of 1btc or 1.55btc?
It pays on the face value, so 5.5% of 1btc.
1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there?
"Shiver me timbers"?
1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there?
Hahaha, good try though
1Au1PEH71fsKfhgHSGN77CmH9tVmURriAY
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
This is the Public address and has just been funded.
This is a 1000 BTC Casascius gold coin.
This will be the insurance BTC for the bond.
IPO is going live.
Thanks:)
Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there?
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