I see so many times people say "the effect is priced in," but I don't see that happening here.
There are four significant variables which introduce uncertainty: ASICs, difficulty, fiat exchange rate and mining operator solvency.
One reason may be that the main post, one page one before the dividend record, has not been upgraded in a long time. Consequently, potential investors have to sift through 12 pages in order to get an accurate view of what is currently happening. As a result, they may be
unaware of the ASIC upgrade plan, solvency of amazingrando relative to other mining bonds, etc.
This is a good point. Bitbond was the second bond to go into operation and has been running consistently for almost 7 months now. There's a lot that be said about out solvency by way of significant extra capacity, that we never had any investment with Pirate and thus had no losses from him, and that we have an exciting ASIC upgrade path.
I'll redo the original post to highlight these points.