Greetings,

I would like to ask:

Since these bonds are essentially a 1 btc pass-through to pirate, are they always worth 1 btc?  If a buyer request a withdrawal is that allowed?  Specifically I am worried that if pirate were to drops his rate to say... 1% then you would correspondingly drop yours to .5% or so and then the market value of the bonds might drop to much lower than 1 btc.  I would prefer to issue a withdrawal at that point rather than lose face value.

Thanks-