Quote from: norman on November 28, 2013, 02:01:43 AM

Are these bonds numbered and prioritized? How do you know where you sit in the queue? If you have a high priority share and trade it, does it move to the back of the line?

I don't understand this well either. This is one reason why I like acorcos' idea to convert the asset into a revenue share, and pay dividends from the mining revenue equally distributed over all outstanding shares, for as long as the mining remains profitable, and then liquidate and pay a final dividend when the mining is no longer profitable. That way, all the shares would be treated equally, and everyone would get part of their investment back (the person who bought 4 shares at 0.001 would likely come out way ahead

). With the current system of the buybacks, besides it not being clear how Korbman selects which shares will be repurchased, no matter what price Korbman chooses to buy back at, somebody is going to be unhappy: if he chooses a buyback price of less than 1 BTC, all of us who purchased at the IPO for 1 BTC will be kicking ourselves for not simply having held on to our BTC. If he chooses a buyback price of 1 BTC or higher, the people who bought later at a discount may prefer a lower buyback price, so they can have a higher chance of their share getting bought back. (Of course, if he buys back at 1 BTC, and you bought 4 discounted shares at 0.25 each, then if he buys back just one of your four shares, you've broken even, and if he buys back two or more, then you're ahead.) The revenue share idea nicely bypasses both of the thorny issues of whose shares will be bought back, and at what price.