Quote from: altoidmintz on June 24, 2014, 07:22:35 PM

Quote from: pedrog on June 24, 2014, 07:15:25 PM

Don't be fooled, Puppet has his own agenda, he is not wasting is time here out of good will trying to prevent people from losing their money...

Putting accusations to the side, I still disagree with his modelling.

Where is the reinvestment in his model?

Quote from: Puppet on June 22, 2014, 09:49:45 AM

That gives this result

No reinvestments for another 3 months, and cryptx NAV would be ~0.017 BTC / share...

He says, "No reinvestment..." which is out of step with reality to begin with! He models reinvestment REVENUE, but not the beneficial effect of SPENDING that fund.

No its full reality for the next ~3 months. If the current network growth keeps up, its gonna be reality for longer, potentially for forever.

But if/when the loan gets paid back and the reinvestment fund starts building up, the light blue line is the reinvestment fund. The best thing that could happen is that it gets paid out as dividend, then it would yield 100%, which I added to get the orange curve.

If it actually gets reinvested, it will fare like ALL previous mining securities throughout all of bitcoin history, including PETA so far, and yield somewhere between 20 and 50% at a later date. If you want to believe it will yield 200%, be my guest, double the reinvestment fund from 0.004 per share and you get an additional 0.004 btc NAV per share. THat dramatically changes the outlook, doesnt it? No, it doesnt, its noise. And a fantasy. If something comes along that would yield >100%, there will be opportunities to invest directly in to that, without the petamine debt boatanker attached to it.

BTW, when looking at that particular chart, try not to forget the absurdity of the network gwroth assumption its based on . Its a ridiculous best case scenario and already completely out of date by now:
Estimated Next Difficulty: 17,358,835,633 (+28.94%)

The difficulty after that will be far more than +7% even if not a single new miner gets deployed.