966100+ entries in 0.69s
Anduck: and make
them print paper wallets
Anduck: point
them
to bitaddress.org
Bowjob: then.. I
thought, heck.
that 10% could be 1000 bucks in
the future
Anduck: tbh it will go
to 50 usd easily
Bowjob: I
told
them its stupidly easy
to get it.. and initially I didn't want
to hold
their coins
Bowjob: now..
they want
to swarm me with dollars
Bowjob: didnt want
to act
till
they were 25 dollars
Bowjob: I
told
them about it when it was around 15 dollars each
Bowjob: I agreed but only
to 150 bucks worth.. I don't want
them crying when
their coins become worth shit
Bowjob: they want
to invest in BTC but
they can't be bothered
to learn how it woks, ect
Bowjob: so guys, am I evil if I'm gonna hold other people's funds for 10% in BTC since
they can't figure
the wallet out?
Bowjob: we went back
to 26.39 levels
DeadWeasel: see what
the government has written about it already.
gribble: BTCUSD
ticker | Best bid: 26.48457, Best ask: 26.50180, Bid-ask spread: 0.01723, Last
trade: 26.50181, 24 hour volume: 79278.52254235, 24 hour low: 25.64000, 24 hour high: 27.59690, 24 hour vwap: 26.77956
gribble: There are currently 35308.208 bitcoins offered at or under 32.0 USD, worth 1016698.74139 USD in
total.
gribble: There are currently 31025.047 bitcoins offered at or under 30.0 USD, worth 882899.724413 USD in
total.
Bowjob: apart from
that, good vid
Bowjob: also, santa hats and gift boxes are used
to purchase goods in
tf2.. similar
to how we have different bills irl
Bowjob: rather you use earbuds
to purchase hats and keys and a bunny head and a beret
to purchase unusuals
Bowjob: it's a rare scenario where peole use metal
to buy hats.
Bowjob: I
take a few issues with
the way he described
TF2 economy
though.
Bowjob: so I graduated from hats, and switched
to bitcoin
Bowjob: and before I was a bitcoiner, I first had my hand
trading hats... hats!
Bowjob: by
that i mean 4:25 an
BitHub: yeah i said
to my partner, why are we so egar
to
turn btc back into cash? better off just
taking as much fiat as you can and
turning it all into btc and you can leverage it alot more, and if we really need more, we can just cash out now and again.
mircea_popescu: i don't recall
this particular one, but yes btc accounting is
the better way.
BitHub: i was
thinking about what you were saying when we first
talked, about keeping
things offshore, keeping everything in btc, no fiat. I
think its
the better way
to go.
BitHub: well
threating
to sue i guess
BitHub: oh not sued but emails n stuff like
threating what you guys are doing?
BitHub: asicminer pass
thru share
mircea_popescu: im curious if
they end up shootingthemselves in
the foot by listing on some illiquid platform and never realising
those prices
tho
BitHub: there was a bunch of us in #bitcoin working it out :) not sure of exact figures but it was pretty close
to
that
BitHub: so
takes about 3- half months
to make your money back
BitHub: to make 1btc a day off
the divs
BitHub: we roughly worked as an investor you need
to buy about 266 shares at .4 for about 106 btc
mircea_popescu: they do have electricity/maintenance costs, and
there is
the risk
their miners blow up (which eventually
they will,
these
things wear)
BitHub: i
think its 25 blocks?
BitHub: we were playing with some calcs in
the lobby
mircea_popescu: actually let's see. if
they mine about 15 blocks a day consistently
that's
BitHub: too many s.dice shares out
there :P
BitHub: okey, so
they wont be issuing any more
than 200k shares in
total now or in
the future.
mircea_popescu: so... maybe some people didn't claim
them, and so i guess
they may revert
to bitfountain
mircea_popescu: looky :
this company already issued its shares, on glbse
BitHub: but "bitfountain" will be owning
them.
mircea_popescu: afaik glbse listed
them at 200k shares, so,
that would be "all"
BitHub: not
till
the price is right, or really needed
mircea_popescu: no, because
they already issued and
they promised not
to dillute.
mircea_popescu: basically,
they're very convolutedly going about implementing a mpex contract.
BitHub: so
they can sell shares
to raise funds if
they really need
to i guess.
BitHub: 4. About
the portion concerns, we believe
that
the evaluation of (A+B) on IPO is fair
to ASICMINER purchasers, because it's already much lower
than most other startups seeking for angel investments.
The investor protection clauses are also a pro. Of course, most angels/VCs will get more information and control, but we could still debate whether
this aspect can neutralize
the advantages
BitHub: cost in
the mid-term won't be so big
that we have
to sell
them low.
BitHub: 3.
The rest shares, when not sold, are kept and owned by Bitfountain. When
they are sold, all income will be invested in our partner ship (A+B).
This is what
the non-dilution privilege of ASICMINER share means.
They may be sold someday when
the price is right and we need really big investment costs. But now
the price is not fully appreciated in our point of view and
the re-investment
BitHub: re-investment costs.
This is why we stated
that ASICMINER shareholders are always in a better position
than any device buyers when
the initial biggest risk disappeared.
BitHub: 2.
The privileges (investor protection) are exactly
the four ones listed in
the main
thread. Besides privileges, one ASICMINER share is no different
to one Bitfountain share.
This means
that ASICMINER shareholders also pay for maintainance and re-investment, same as
the rest of us
three, while at
the same
time also enjoy
the future benefits made possible from
the maintainance and
BitHub: 1. One ASICMINER (A) share is one privileged share of our partnership (A+B) compared
to Bitfountain (B) shares controlled by us founders.
BitHub: This is what in our mind when doing
the IPO:
BitHub: they would be silly
to have sold out all
their shares
mircea_popescu: it's not quite as clearly stated as on mpex, but it's
the principle.
BitHub: and are holding alot
themselves
to sell later
to raise money, plus a whole bunch of other
things, friedcat just did a upgrade recently
BitHub: i
think
they got some more for
this bitfountain
thing
BitHub: that's always good
to have in your back pocket
BitHub: they'll probably raise alot of money once
they sort out
their share situation and actually put it on
the market
BitHub: did you read friedcats update
today?
mircea_popescu: but still,
they need 10x as much
to break even on
the various loans. who knows, maybe
they make it.
BitHub: yeah
true mirceas as
the price of btc rises.
mircea_popescu: smart of
them
that
they have liabilities denominated in fiat
tho.
gribble: BTCUSD
ticker | Best bid: 26.50300, Best ask: 26.62363, Bid-ask spread: 0.12063, Last
trade: 26.62363, 24 hour volume: 71545.81308642, 24 hour low: 25.64000, 24 hour high: 27.59690, 24 hour vwap: 26.79017
BitHub: i like giving money
to women