Dividends will be paid out on Saturdays ~12 noon Eastern Time(UTC -0500.)
If I buy the bonds on Wednesday when will the first dividend be paid? Saturday the 20th of July 2013?
If so I will buy 100 BTC worth of bonds.
You don't get any dividends until the machines arrive. After that you get 85% of what the machines you paid a 200% markup for mine.
If you don't want to wait you can achieve the same result faster - just send 2/3 of your BTC to an address you don't have the key for.
Where do you see a 15% fee included? It will be a zero fee company with all running costs covered by the company for life... As well as that, the hashrate per bond will be increasing over time. In fact Dave from BitFury has agreed to fly out to meet me in order to present a working prototype to me. I will likely be investing in BitFury a significant amount which will increase the hashrate per bond significantly.
Sorry - was confusing this with one of the other offerings trying to sell on hardware/pre-orders at a big markup.
Make up your mind whether you're running a bond or a share.
If it's a bond then fix in stone what gets paid.
If it's a share then add accountability in - and take your cut via a defined management fee.
This vague "it's sort of a bond but I'll try to give a bit more than X but without any guarantees and I'll keep whatever I feel like" approach just isn't one or the other. Investors should know what they're entitled to from the contract. If it's a bond then they're entitled to some fixed payment. If a share then they own the output of everything bought with funds raised - less costs and management fee.
Hmm, this reminds me of people coming and viewing your belongings for sale on craigslist, yet spend the duration of the time kicking tires, and questioning its worth.
Its a very simple concept, either invest, or don't.