Quote from: ThickAsThieves on June 03, 2013, 10:23:34 AM

Quote from: odolvlobo on June 03, 2013, 07:58:21 AM

Can you explain what you mean by "backed by ... ASICMINER shares"? Does this mean that TAT.VM holds shares of ASICMINER, and these shares belong to bond holders? Or, does it just mean that TAT.VM promises to hold a certain number of shares of ASICMINER as assurance that TAT.VM dividends will be paid?

Also, does "ASICMINER shares that represent an amount of hashing power" mean average hashing power per ASICMINER share? For example, the current ASICMINER hashing power is about 20 Th/s, or about 50 Mh/s/share, so each TAT.VM share would be backed by 1/50th of an ASICMINER share, right?

Finally, in addition to mining, a portion of ASICMINER dividends is based on the profits from sales of hardware. What happens to this portion of the dividends?

TAT.VM promises to hold a certain number of ASICMINER shares as extra assurance that the daily payouts will be made. This is in addition to the confidence that I have enough personal bitcoin to make payouts, even if I didn't hold backing assets.

Your understanding of the hashing aspect and how it works to back this asset is correct. Essentially, I am promising to hold an amount of AM shares that provably represents and equal or greater amount of hashing power to the amount of TAT.VM I have sold.

The only relationship my AM holdings have to this asset is as a form of assurance that the daily payout, as determined by the 24-hour hashing reward formula, will be paid with total confidence. TAT.VM is strictly meant to represent a virtual 1MH/s of hashing power, and the average mining rewards that might reap in a real-world setting, as determined by the formula.

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I ques this is where the hook is hidden. Bite and swallow hard.

If I recall correctly, ASICMINER has 2 sources of income:
1) mining with the ASIC's they build
2) Selling chips / rigs

Do I understand it correctly that:
3) the idea of this perpetual loan is to finance a purchase of X ASIC shares.
4) And pay pass the ASICMINER dividends to bond holders who's "coupon" is based not on what ASICMINER pays out but what 1 Mh/s can mine at current difficulty.

ASICMINER guys and their friends are the only ones who arrived on this party on time. Everyone else is getting slowly but surely screwed.
Why? Take a look a the dif.

If dif. keep running up that hill at same or faster rate, earning back the money invested becomes really hard or even close to impossible. Except for those few, who have already have the ASIC's running.

Now, let's get back to this fabulous opportunity here

Lets say that 700 BTC - fees will buy about 290 ASICMINER shares.
EDIT: 290 ASICMINER will pay you about what, 72 7.54 BTC in divs per week?
100 000 Mh/s = will earn a lucky bond holders what? 28.9 BTC per week at diff. 12153411.7098? (and this will keep falling as fast as diff keeps climbing)

EDIT: ~~43 BTC per week for start at 0 risk?~~ Or did I make a mistake somewhere? (Yes I did)