Awesome!   Online poker is the reason I found out about BTC.  Would this forever end the rigged RNG debate?

If you put in 10 bitUSD, you'll get back 10.5 bitUSD in a year. You're saying that for some reason you expect BitUSD/(USD + premium) to go down in that time as well. But whole point of BitUSD is that the market is supposed to be constantly pushing it back towards the real BitUSD/(USD + premium) by trading value in terms of BTS.

In the case of shitty corporate bonds the company loses value and so you don't get 5%. In the case of BitUSD the short position covers your losses "behind the scenes" out of their collateral.

Of course they should be careful with advertising nonetheless

Hmm, I thought I was clear on this.  Where can I read about how they keep the market prices in line?

Quote from: JakeThePanda on January 30, 2014, 09:00:08 pm

Quote from: Riverhead on January 30, 2014, 03:43:51 pm

Quote from: bytemaster on January 30, 2014, 03:41:51 pm

If you only paid 90 cents for it and the interest rate didn't change then you would only be able to sell your 1.05 BitUSD for $0.945 and thus your return would still be 5%

But $0.045 on $0.90 is 10.5%.....

I think I'm missing something.  If I buy it at 90 cents and wait a year and I have to sell it at 85 cents , now I have a loss of .83%.  I may have made 5% in interest but price depreciated by 5.56%.  If it acts like a bond then I don't care about the coupon, I care about the total return. In this case my total return was negative.  What's missing?

Your return was negative because you assumed BitUSD depreciated by 5 cents

Yes I know that.  My point is that I'm not sure advertising that you can earn 5% is correct.  I can find you any number of corporate bonds that have interest payments of 10+%, does that mean you are going to yield 10%?  Of course not.  The price is well above par and when it matures you find out your total return is actually 0.84%.  Please help me understand why I'm wrong.

Quote from: JakeThePanda on January 30, 2014, 04:07:11 am

Too many PTS donations already today.

The AGS price may rise due to the Feb 28th announcement. You might want to re-evaluate your strategy.

FYI, I am not diluting my PTS - mostly for sentimental than logical reason (I have 2:1 PTS:AGS)

I'm at 2:1 as well.  About two more decent AGS trading days are all I need to hit my BTSx goal.  I guess I just have to be patient.

If Feb 28 is the final snapshot, then AGS is converted to BTS at about 3.5:1.  Every fail means a new snapshot is taken and the ratio lowers.  Correct?

Anyone else selling founder IDs?

Hi guys.  I'm not very technically savvy, so I'm a little nervous about donating PTS/BTC.  Once I donate, then what do I have to do?

You can only sell to someone who is OK with another party knowing the private key.

donschoe is doing a thing where he buys a bunch of AGS and then will manage them all on behalf of other people in a market. That way each person only has to trust donschoe.

So I guess it's possible for an exchange to be created, but there's a ton of trust risk associated with the trade.  The buyer is taking on the risk.  Ok, so for this reason, no exchange (ie.Cryptsy) could ever trade AGS.