Quote from: Bronstad on July 22, 2014, 02:15:12 PM

Do you plan on taking out more loans in the future?

It would be great if we never needed another loan.

Quote from: Bronstad on July 22, 2014, 02:15:12 PM

Saying you can take 100 years to pay back, or saying you will have to ask the debt holders to "make some concessions" seems kind of counterproductive. If NastyMining will need to purchase the next gen miners you would think these kinds of statements (however true) will sour some on the idea.

I have no intent to mislead anyone. I will continue to be honest about the situation and present things as they are and not how I would like them to appear. With the rise in BTC, lenders who have been paid back thus far have received nearly 10x the amount lended in USD, which the lended funds were converted to upon receipt. As the largest lender, I would much rather see everyone accept less in BTC across the board so that we can all realize USD gains quickly as opposed to having to wait possibly years and deal with uncertainty. I would think that most lenders would agree, but I have no intention of forcing people to accept less than the BTC amount lended, even if continuing to wait is not in anyone's best interests.

Quote from: Bronstad on July 22, 2014, 02:15:12 PM

I suppose more information on this debt market would be interesting to read. But in the end if the person who loaned NastyMining 20 BTC doesn't get back their initial investment of 20 BTC, I can't imagine future loans will be so easy to receive.

It is just a thought at the moment, but the thinking is pretty simple. Lenders would receive 100 NastyCredits per BTC owed. The NastyCredits would be bought back with 25% of the mined coins at 0.01 BTC each, starting with the oldest credits issued. Lenders would be able to sell their NastyCredits or hold them until they receive the full BTC lended. This wouldn't alter our current agreements at all and would add the ability for lenders to resell debt, as well as receive smaller payouts instead of waiting for the entire loan balance to be repaid at once. It would also establish a debt discount that would price in any future debt offerings using the free market as well as keep us operating with lended funds receiving 0% interest and give debt investors a new way to realize potential BTC gains.