ThickAsThieves: like exchanges running their own PT

ThickAsThieves: it starts bad trends

ThickAsThieves: to do no-fee

ThickAsThieves: it's unhealthy

ThickAsThieves: as i see it

ThickAsThieves: hehe

ThickAsThieves: Burnside wouldnt have done no-fee

ThickAsThieves: if BF didnt start with no-fee

ThickAsThieves: talking about BF chaang

ThickAsThieves: and trust me, there's work

ThickAsThieves: but DT does all the work

ThickAsThieves: right

ThickAsThieves: so DT must be getting something out of it

ThickAsThieves: being no fee

ThickAsThieves: but bitfunder painted him into a corner

ThickAsThieves: Burnside would pass off his PT if it didnt have to be no-fee

ThickAsThieves: I'm not accusing so much as saying I think they SHOULD show proof

ThickAsThieves: doesnt mean he still holds them

ThickAsThieves: he can game things from within

ThickAsThieves: large conflict of interest there no?

ThickAsThieves: but

ThickAsThieves: yep

ThickAsThieves: we just dont know what

ThickAsThieves: DT gets something out of the deal

ThickAsThieves: essentially

ThickAsThieves: are gamed

ThickAsThieves: the PTs that charge no fee

ThickAsThieves: but still a large liability

ThickAsThieves: indeed

ThickAsThieves: I'd be interested to see em

ThickAsThieves: go ahead and ask DT and Burnside to show their shares

ThickAsThieves: no other PT operator does that

ThickAsThieves: I posted my transparency report

ThickAsThieves: it's all provable

ThickAsThieves: none of this is naked

ThickAsThieves: i'm still responsible for $1m worth of assets

ThickAsThieves: if i hold 5000 shares for the PT

ThickAsThieves: can you?

ThickAsThieves: vs 5% of divs

ThickAsThieves: and what those are worth

ThickAsThieves: do math on if i had 5000 whole-shares

ThickAsThieves: 5% of divs is entirely disproportionate a same to worry about considering the share value

ThickAsThieves: what volume should be higher?

ThickAsThieves: furuknap, I actually recall you were the fist one to give me shit about it

ThickAsThieves: wow

ThickAsThieves: they dont grasp the math

ThickAsThieves: but it's nothing

ThickAsThieves: is people make a big deal about the 5%

ThickAsThieves: thats one aspect that frustrates me a bit

ThickAsThieves: i only run the fractional pt s

ThickAsThieves: and not run by me

ThickAsThieves: those are no fee

ThickAsThieves: we're at like 1000

ThickAsThieves: id need like 5000-10000 for it to even be notable

ThickAsThieves: way smaller

ThickAsThieves: but its nowhere near that

ThickAsThieves: peoplethink of it like 5% of share value

ThickAsThieves: it's very small

ThickAsThieves: it changes every week

ThickAsThieves: i get 5%

ThickAsThieves: indeed!

ThickAsThieves: https://bitcointalk.org/index.php?topic=99497.msg2182646#msg2182646 --- furuknap u better ask him to show his math on that one

ThickAsThieves: :)

ThickAsThieves: crash!

ThickAsThieves: they are the ones with the selling power

ThickAsThieves: this also depends on how aggressive board seat holders wanna be

ThickAsThieves: need meme of pope dove and spray of bitcoins

ThickAsThieves: lol, mp

ThickAsThieves: not taht people werent already emailing him for deals

ThickAsThieves: transparency is much nicer tho

ThickAsThieves: obv

ThickAsThieves: made to order

ThickAsThieves: basically you email him how many you want

ThickAsThieves: he has an open thread up

ThickAsThieves: i dont like that he made the blade sales private

ThickAsThieves: www.asicminercharts.com

ThickAsThieves: nvm

ThickAsThieves: oh i see it now

ThickAsThieves: you're replying to "[10:44] <truffles> dont like monies now?"?

ThickAsThieves: did I ignore truffles by mistake or something?

ThickAsThieves: until it can run with "less founder involvement"

ThickAsThieves: but that he is dedicated to AM first and foremost

ThickAsThieves: he did make it clear that new ventures, unrelated to mining, would not be wrapped under the current asset

ThickAsThieves: and pays his bills early

ThickAsThieves: he has already been reserving some for a while

ThickAsThieves: plenty*

ThickAsThieves: and still leaves plent mmoney for reinvestment

ThickAsThieves: paying out high divs is enough

ThickAsThieves: is that AM makes so much money from the shares they already hold

ThickAsThieves: I think what it is

ThickAsThieves: he doesnt say

ThickAsThieves: "About the argument of dividend payments, our view is that we will distribute the net income after necessary costs are excluded and funds for foreseeable future (expansion, gen-2 chips) are reserved."

ThickAsThieves: he is

ThickAsThieves: but it's not exactly a strategy to payout all the monies

ThickAsThieves: I like the divs n all, and I do think AM can grow further

ThickAsThieves: I like how everyone is thanking Friedcat for paying high divs as a strategy

ThickAsThieves: and he can always bet the other side

ThickAsThieves: if betting goes his way it won't be expensive

ThickAsThieves: or maybe the bet is just mp trollin'

ThickAsThieves: If the bet is proof, why not 500btc?