Quote from: Chaang Noi (Goat) ช้างน้อย on October 03, 2012, 01:29:07 PM

Quote from: EskimoBob on October 03, 2012, 01:03:13 PM

I was reading IRC log for lulz and guess what, there was one interesting conversation - Goat and Smoov going at it. Smoovius was asking questions and Goat was answering.

After reading this, it looks like goat never ever invested the coins from his "mining" bonds to any mining equipment nor did he bother buying any shares in any other mining bond or from gpumax?
It sounds like he took out a perpetual "loan" for what ever and he can pay it back when ever via perpetually diminishing dividends (unless the difficulty falls)
I personally call this bull shit.

If you sell mining bond, you mine. Period.
If this is what Nefario closed down, so Goat can not run away with the bond buyers money, then Nefario acted in the interest of all the TYGRR.BOND-A (B?) holders.

Now TYGRR.BOND-A (B?) investors have a chance to get the coin back and ONLY because Nefario blocked Goat accounts.

Quote from: Chaang Noi (Goat) ช้างน้อย on May 13, 2012, 04:15:49 PM

Edit: Right now 2G are up for sale and no more than 5G will be sold unless I update this thread.

I will watch market conditions to see if/when I want to sell more. (end edit)

TyGrr Mining Bond A (TyGrrMBA) 1MHS PPS perpetual bonds.

TyGrr will be listing 1 MH/S mining bonds and I am now taking pre IPO sales.
First round of sales will be limited to 17,000 MH/S
IPO sale will be around .30 BTC per share,
Pre IPO price will be .285
You must buy at least 200 shares to get the pre IPO price.
Dividends will start at the next difficulty change and will be paid at each difficulty change.

This bond will never expire.

Contract

The holder of this bond will receive as coupons a number of bitcoins equivalent to 100% PPS output of 1 MH/s, for as long as they hold the bond. Coupon payments are to be made within 48 hours of difficulty change for the previous days mining activity. The issuer can buy back the bond at any time at a price equal to 1.05 times the highest price the asset was traded over the prior 168 hours.

Same applies to TYGRR.BOND-B?

Quote from: Smoovious on October 03, 2012, 01:10:22 PM

Quote from: EskimoBob on October 03, 2012, 01:03:13 PM

After reading this, it looks like goat never ever invested the coins from his "mining" bonds to any mining equipment nor did he bother buying any shares in any other mining bond or from gpumax?

Although he did confirm that he invested it in hookers and opium. He anticipates a dividend from that soon...

I'd post the log, but when asked for his permission, Goat said no, and I'm honoring that refusal.

-- Smoov

They do not understand how a fixed mining bond works... And really if Nefario does not either lulz...

BBL Need to "invest" in some hookers and opium...

There is literally no reason a perpetual mining bond needs mining equipment at all. I knew this a year ago when I thought about how to get a cheap loan in bitcoinland. The answer is to issue mining bonds based on difficulty which is basically a loan with reducing interest rates.

Its not ethical but theres nothing you can do about it unless mining equipment is specified in the contract. I guess goat doesnt have the same ethical boundaries as most of us. Or he just wanted a really cheap loan. Actually you may never get paid back what you lent him if difficulty ramps up dramatically