Post
Topic
Board Securities
Re: [BTC-TC] Deprived Mining Speculation (DMS)
by
Deprived
on 23/09/2013, 21:42:22 UTC
Deprived, are you planning to offer any services where an individual might exchange a SELLING+MINING for NAV/U price (or slight discount)? I mainly ask this because you seem to be leaning towards going to another exchange while I am currently feeling way too spooked to hold any sort of bitcoin security.

Once NAV/U is established (i.e. we know what's happening with CIPHERMINE and have the Coinlenders cash back) yes - I'd definitely be offering repurchases just as I did before, both on PURCHASE and also on MINING+SELLING pairs.  The detail of the resolution in respect of CIPHERMINE may obviously amend what value I place on it in the books at that point.  As we'd no longer have any investments I'd actually be willing to do this at a lower % reduction than we previously have - we're now in territory that the contract couldn't predict and my main intention is to try to minimise any loss people take as a result of BTC-TC closing (whilst maintaining whatever profit/loss their position had gained prior to that point).

Right now I'm personally willing to buy up pairs of MINING+SELLING at .0075 in decent quantites (10+ BTC worth) as following Kate's last posts I now believe we're likely to recover substantial value from CIPHERMINING.  But I believe if you hang on for a few days to a week it's likely you'd get back ..008+ (less whatever is paid out in dividends in the meantime).