Post
Topic
Board Securities
Re: [Havelock] Bitcoin Difficulty Derivative (BDD)
by
twentyseventy
on 15/01/2017, 20:46:58 UTC
Hi All, dividends have been paid through the 9th. Since we have so few days left before the end of the round, I'm going to go ahead and end the round and pay out the current NAV/U to MINE. It's just simpler than scheduling a dividend today for 7 days of dividends, starting a new round, scheduling those dividends, etc, when it's all going to be paid out to MINE anyway.

Final NAV/U after the dividend of the 9th is 0.00347322

So, per the contract, trade will be stopped on EXCH/MINE/SELL and all MINE will be bought back for 0.00347322 each and SELL will be bought back for 0.

I appreciate everyone who participated over the last three (!) years - unfortunately, BDD never quite became the tool for miners/traders/etc to hedge their positions against rising or stagnating difficulty and the complexity of the contract proved a very high barrier to entry.

I wish you all luck and good fortune!

-2070