Quote from: macboy80 on July 29, 2012, 01:25:45 AM

Quote from: guruvan on July 29, 2012, 12:06:32 AM

Quote from: nimda on July 27, 2012, 03:18:51 AM

Actually, it's not "fully" insured (it being your investment)
Say you buy one for 2 BTC. If pirate defaults, you only get 1 BTC back. That's 50% insurance on 3% WPR. Still not a good idea if you think pirate will default in less than 17 weeks.

this is precisely how I've evaluated YARR. It is in fact, a partially insured bond. The typical trading price makes the insurance considerably less valuable, and(or) the premium exceptionally high.

the current offer to sell all of YARR to the highest bidder
A. calls into question the true value of the insurance provided
B. the solidity of any investment in YARR until such time as the asset is transferred to the eventual purchaser.

I would personally be interested in YARR at 1.1-1.2.

Hopefully your sale of the YARR business will go quickly.

I tend to agree with you. It seems that, until this sale has been completed and we know and trust the buyer, the actual value of the bond can be no more than the buyback amount of 1.3 BTC.

Disclaimer: I currently hold YARR

usagi has stated that YARR holds 3700 BTC in assets. Therefore, it's unreasonable to think that he would force the 1.3 BTC buyback: that would mean a loss of 1110 BTC. At least in this case, the invisible hand -- everyone doing what's best for them -- means the best for everyone.