Pages:
Author

Topic: PI - page 5. (Read 13777 times)

hero member
Activity: 686
Merit: 500
Wat
August 13, 2012, 07:18:37 PM
#24
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 ?
hero member
Activity: 667
Merit: 500
August 13, 2012, 07:17:14 PM
#23
Photo of the insurance coin.




damn.. i want me one of those!
full member
Activity: 187
Merit: 100
August 13, 2012, 06:45:06 PM
#22

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? Smiley 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.

member
Activity: 112
Merit: 22
August 13, 2012, 06:08:52 AM
#21
Putting his offline coin to work seems to be valid reason.
hero member
Activity: 686
Merit: 500
Wat
August 12, 2012, 06:20:49 PM
#20
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?

Yes.
hero member
Activity: 840
Merit: 1000
August 12, 2012, 06:17:40 PM
#19
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?
member
Activity: 89
Merit: 10
August 12, 2012, 01:03:51 PM
#18
Can i take 500btc worth of bonds?

Let me know ! Roll Eyes
legendary
Activity: 1792
Merit: 1000
August 12, 2012, 07:26:42 AM
#17
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.



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.
Thank you, that makes much more sense to me.

I wish GLBSE assets could be listed in simpler terms Smiley
full member
Activity: 725
Merit: 142
August 12, 2012, 07:21:16 AM
#16
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.



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.
legendary
Activity: 1792
Merit: 1000
August 12, 2012, 07:01:57 AM
#15
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.

hero member
Activity: 518
Merit: 500
August 11, 2012, 05:24:38 PM
#14
I will post a pic of the coin soon.

More of them are on sale now, Sorry traveling Smiley




Aren't you supposed to be on a mountain somewhere doing goatee things?

Greetings from Berlin, by the way. Smiley
full member
Activity: 126
Merit: 100
August 10, 2012, 10:01:11 PM
#13
Nice job Goat for monetizing his offline bitcoin. The capitalist in me loves you for it.
full member
Activity: 725
Merit: 142
August 10, 2012, 09:28:42 AM
#12
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.
sr. member
Activity: 270
Merit: 250
August 10, 2012, 09:23:48 AM
#11
I'm confused does the bond pay 5.5% of 1btc or 1.55btc?
member
Activity: 111
Merit: 10
August 10, 2012, 04:58:11 AM
#10
we need more of these!! I only got 4 of them.. Undecided
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
August 09, 2012, 12:30:38 AM
#9
How many left? Are only 500 so far purchased?
hero member
Activity: 686
Merit: 500
Wat
August 07, 2012, 08:25:34 PM
#8
Got a pic of the coin ?   Smiley
hero member
Activity: 520
Merit: 500
August 06, 2012, 04:58:49 PM
#7
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:)

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"?
sr. member
Activity: 294
Merit: 250
Bitcoin today is what the internet was in 1998.
August 06, 2012, 02:16:11 PM
#6
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:)

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 Wink
hero member
Activity: 840
Merit: 1000
August 06, 2012, 11:53:32 AM
#5
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:)

Can you tell us the private key of that address so that we can verify that the 1000 BTC is really there?
Nice try...
Pages:
Jump to: