Post
Topic
Board Securities
Re: [GLBSE] Bitbond 200Gh/s - the only 105% PPS mining bond
by
amazingrando
on 24/09/2012, 09:11:14 UTC
This stock is an excellent example of how the market isn't pricing in the reward reduction. It's currently trading at a 125 week ROI assuming no difficulty changes. If I could short it, I would.

Note: this is nothing against your company, just your shareholders are acting very irrationally.

The next few months will be quite interesting. The reward halving is only one of the major changes coming.  Given that there are three variables at work (reward, difficulty, value in fiat), it is quite difficult to have a clear sense of where things will end up.  The introduction of ASICs and upgrades to bonds will further muddy the waters.  We may only be able to determine if investors are behaving irrationally post hoc.