Quote from: conspirosphere.tk on January 16, 2013, 09:30:12 AM

Bitbond was one major mining bond on the GLBSE run by amazingrando. He received the owner list from Nefario in November 2012 and relisted the asset on https://cryptostocks.com/securities/29. In december amazingrando told to the shareholders that he violated the original contract below paying all the accrued dividends to a few of the biggest shareholders, due to some secret clause betweeen him and them:

Quote from: amazingrando on December 06, 2012, 06:41:14 PM

...
Regarding dividends for the period between GLBSE closure and now, the plan is still evolving. The vast majority of bonds (85%) are held by a small group of investors. Their buy-in of bonds came with additional requirements and legal contracts that have required that I pay their payouts before other parties. They have been paid all coupon payments going back to the GLBSE closure.

For those of you who constitute the remaining 15%, the earnings from GLBSE closure is not lost. I am working on a plan that will give you a few options including payouts, buyback, and ASIC upgrade. I hope to share details of that this weekend.

so announcing his intention to violate the original contract:

Quote from: amazingrando on April 03, 2012, 02:49:07 AM

Relaunched on Cryptostocks!

Bitbond (Cryptostocks ticker BITBOND) is a perpetual mining bond where you can buy mining power and receive weekly mining payouts, without buying and maintaining expensive hardware. Payouts will continue indefinitely.

Bond features

A total of 200Gh/s offered in 2Mh/s increments
Weekly payouts are 105% of PPS
PPS means no variance
Perpetual - no expiration date
Buyback provision at 110% of 15 day Cryptostocks average

Benefits over other bonds

105% PPS means more bitcoins - a bigger payout and more coins before difficulty increases
Positive ROI several weeks quicker - up to 13 weeks sooner
Higher buyback provision - get paid more if I buy back the bonds

FAQ

When would payouts begin?
Payouts started on 4/8/2012
See the post after this for payout history

How long will it take to start mining?
Mining started on Saturday 4/7 at 2 PM. It is a subset of my mining hash power currently on maxbtc.com

What is your hardware setup?
I exclusively run GPUs for mining due to my low power costs. I may offer further bonds in the future with FPGA hardware if the economics are right and the FPGA vendor can deliver when I need it

Why/how 105% PPS?
First, I will be doing merged mining so those coins will be used to increase the pay per share. Also, I would like to offer a good value for each bondholder. The extra 5% will add up over the weeks, months, years. If reinvested it will greatly accelerate ROI compared to 100% PPS options.

What if you have technical issues/downtime?
I have more than 210 Gh/s operating with a total capacity beyond 300 Gh/s. Should there be any downtime, I will contribute hashes from my personal farm to ensure the full dividend is paid each week.

Up to now none of the small investors received any dividend payment since the GLBSE closure, while amazingrando is keeping mining with the hardware they bought him (now >150 Ghs on Bitminter alone).
I think it is the case for a big scammer tag. What do you think?

looks nice.