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mircea_popescu: well tghe only time i had sex with a kitten it was via fresh cream
mircea_popescu: so the comp makes 1k and has 1mn shares, you will see 500 btc paid
mircea_popescu: this is as investor protection, because the owner is never allowed to sell more than half the shares
mircea_popescu: maximian yes, all dividends are halved on mpex because nobody has in their acct but half the shares
mircea_popescu: i tell you one thing, if the total paid accounts ends up being about 4k
mircea_popescu: (yes, the fact that the pirate isn't around anymore was also a factor, i wasn't going to allow interest w/o ceiling in a ponzi atmopshere)
mircea_popescu: i doubt there's not going to be 10-100k btc available for that sort of rate, especially in the new economy.
mircea_popescu: historically MPEx makes something in the 5 to 15% range.
mircea_popescu: so really bondholder can't get more than ALL the profit.
mircea_popescu: if the interest is 2k then the exchange will have made -1k, and the excess paid as interest is taken from the bonds.
mircea_popescu: if the interest of the 2k in capital is 1k btc, then the exchange will have made... 0.
mircea_popescu: the hosing of this month forced my hand so to speak. if people can be taken for half their investment they really should be allowed to choose their own %.
mircea_popescu: anyway, i'm available for shareholder/bondholder/journalist grilling. ask away.
mircea_popescu: anyway. on the positive score, there's no more limit to bond interest rates now.
mircea_popescu: i usually release the end of month results within a few hours.
mircea_popescu: you'll end up paying young luscious drama students in your town to put up drama in transparent costumes fior you.
mircea_popescu: i don't care what you say *hands in ears* lalalalala. as long as it costs money to join IT SUCKS!!!
mircea_popescu: kakobrekla what happens if the us govt confiscates their website ???