Re: [Havelock] Bitcoin Difficulty Derivative (BDD)

MINE units pay out dividends at a theoretical hash rate of 100 GH/s, compared to 5GH/s previously
Purchases of EXCH are subject to a 3.4% premium, of which 3% will go to the Manager and .4% will go to paying the exchange fee. Previously, 2% went to the Manager, .4% to the exchange, and .6% back to the capital on hand.
Redemptions of MINE/SELL pairs will still be bought back for 98% of NAV/U, but the 2% difference will go to the Manager instead of the capital on hand.
There will be a target of 180 days of dividends, as opposed to the 200 days previously.
The End-Game Via Decrease will be triggered by a NAV/U of 0.02BTC instead of 0.0002 BTC

Sad to see the .6% and the 2% of buyback going to fund capital go. This makes the game less tricky - if I haven't overlooked something that is Wink

Care to explain why they had to go? This will be a fast round ^^