You obviously haven't read what I wrote when I said I would guarantee the rate and against loss, or maybe you have but you just haven't understood it. So I'll just ignore you.
Guarantee with what? What collateral are you willing to post. You going to offer a signed contract, with identity verification, and post sufficient collateral to cover investors when your market genius falls short? Or does your "guarantee" come in the form of 60 whole posts in a anonymous forum?
Also since you will denominate the note in dollars but handle payment in BTC even if you could post sufficient guarantee the only investor it would make sense for is one who believes the annual appreciation of BTC is <10% (for the sake of argument lets pretend the risk of default is 0%). Otherwise they could simply hold the BTC and earn 10%+.
Since you have me ignored I don't expect an answer but that lack of answer will hopefully keep investors from losing money on your 10% "guaranteed".
I didn't mean forum ignore, I meant I wouldn't be responding to you. But it seems you are willing to discuss this so I'll point out, just off the top of my head, I can write covered calls on a commodity and get more than 10% return just from that. If you don't believe me, check out the horizons alpha pro series of covered call funds based on commodities, such as the crude oil yield, silver yield, and natural gas yield, all of which pay over 1% a month (over 12% a year). If I had $100k assets under management this means I would make $2,000 a year. Actually not very spectacular, is it? But it's easy work.
Of course, if I do it myself, I don't pay the management fee, and can return that value to shareholders in the form of reduced risk and/or higher coupon rates. Which is why I am willing to guarantee the rate of return. Secondly, those funds in general only write calls on 1/3 to 2/3 of the portfolio. If I sell futures and write covered calls on those I could probably double the return for my investors, while removing price exposure. So as you see 10% is a very conservative estimate I just threw out there, once this gets going I think 15 to 20% per annum would not be out of the question. But just being realistic and so I dont shoot myself in the foot, 10%.
As for collateral, the point is that when you give me money and I invest it into commodities (for example) the commodities themselves are the collateral. If you like I could write them against gold and then send you photos of some gold coins I have in secure storage and/or my posession. Doesn't really make much difference.
As it turns out this thread should probably be closed since it seems GLBSE is the better way to offer something like this. Not sure.. I'm still a little wary of converting large amounts of bitcoin into cash.
Good old covered call strategies... works great unless the underlying ( in this case, commodities ) don't hold up. Which reminds me, the PPI numbers came out last Friday, and we've got the lowest inflation readings since early 2009. I suppose it's a little better than being naked long though.
