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-
+1I 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-
1 BTC in pirate is worth 1 BTC on GLBSE once it's withdrawn. I can arrange for larger investors if they want to trade out. But I can't keep a bid wall up all the time.
If there's need for one, then I will place once. I am fair towards my investors as I am one of them
But I can't promise I will always keep a bid wall, as I don't have the capital to sit and root on GLBSE, sorry.
//DeaDTerra