Bitcoin Forum

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GLBSE Ticker: SATOSHISDAEMON.horse
GLBSE AssetID: 277bec9bb692184762958f7942fd1e64442644cf14af5f99e16f1482ad48cb60

www.satoshisdaemon.com

I have entered into a partnership to purchase a 2 year old Louisiana-bred thoroughbred filly with the intent on racing her in Louisiana. Because Louisiana has four race tracks, we will be able to race year-round for attractive purse money. The horse has been named "Satoshi's Daemon". To try and offset some of our initial costs, we're going to offer what we call "Bitcoin Interest Rights" (BIRs) for the entire career of the horse under our ownership.

When the owners take money out of the partnership, there will be an equivalent bitcoin dividend paid to all BIR holders. A portion of all winnings will have to be retained to maintain the horse. When the horse is claimed or sold, BIR holders will also get their pro-rata interest in the sale.

Please visit the website for complete bylaws.

General Info:
We each put in $5,000 USD
Cost of horse was $1,500 + first $500 of winnings go to original owner
Cost of maintenance is ~$1,500 / mo
Planning for first race in January, 2012 at either Delta Downs in Vinton, La. or Fair Grounds Race Course in New Orleans, La.

We'd like to maintain a balance of ~ $3,000 while racing.

On race day:
Purses range from $9,000 - $35,000 for Maiden races, where Satoshi's Daemon will start.

Win: 60%
Place: 20%
Show: 11%
Fourth: 6%
Fifth: 3%
The rest: ~$80 each
Jockey Commission is 10% of our revenue from the race for a win(we offer $500 bonus to jockey for win)
Jockey Commission is 5% of our revenue from the race for a second or third place finish (no bonus to jockey)
Jockey is paid a mount fee ranging from $60 - $115 for 4th - last. (The amount is based on race purse money)
Trainer Commission is 30% of our revenue from the race
Trainer/Jockey commission may seem high, but we are getting preferential training rates. If Satoshi's Daemon goes onto bigger purse races, this could possibly be re-negotiated with the trainer, but the jockey commissions are standard and set by the Louisiana Racing Commission.
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Initial offer is for 500 BIRs at 0.21 btc. Thank you for looking!

http://www.satoshisdaemon.com/images/stories/sd.jpg

So you are asking for 500 * .21 = 105 btc..   I am unclear what percentage of the profit will be distributed to the holders of the asset?   

Owners hold 10,000 BIRs and we're offering 500 of them, a 5% stake.

Whenever there is an owner distribution in USD, we'll make an equivalent distribution in bitcoins. So if SD wins $15,000 and owners take out $8,000 of it, we'll make a 1,600 btc dividend (with bitcoins at $5 each), or 0.16 / interest. We'll essentially be paying ourselves 95% of the 1,600 btc.

Excuse my ignorance, but how often does a horse race? 

Excused.  :P

The horse is in training right now. Once she is in shape, she should be able to run every 3-4 weeks. Expect a month off each year as well. If all goes as planned, she should run in top condition for at least a few years under our ownership.

This is an extremely weird and interesting proposition lol.  I love it!

But I think you should call it something that would promote Bitcoin to non-Bitcoiners. Only those who are already interested in this currency would know of Satoshi.

I like, "Bernanke Loves Bitcoin"... that's an excellent name for a racehorse  ;D

I would have liked that as well, but had to be careful. No names of people are allowed without written consent of that person on file at the jockey club. No organization names either, which bitcoin could apply. I was somewhat worried with "Satoshi" being called a person's name, but my argument is that the name is fictitious, like "Santa Claus".

Rule #6(f): http://www.jockeyclub.com/rulebook.asp#six

i like the name.. bought a few for fun :D

We appreciate your capital and the risk you're taking. Best of luck!

Cool I used to live right next to the fairgrounds in NOLA. :)

Tried buying some shares.  GLBSE not allowing.

Make sure you spell the name right, its case sensitive. 

SATOSHISDAEMON.horse

copied it right from contracts.  Also copied the id neither worked.

The GLBSE can be temperamental at times. GLBSE says I have 294 left to sell from my 500 order.

GLBSE wasn't working correctly for the last few hours, seems to be back up and running now though.

So amazing and funny.  I was on GLBSE for something else, noticed the ticker for SATOSHISDAEMON.horse, and all I can think of is something else got hacked.  I was about make a thread and did one last search to find this.   I still think this all might be a ruse.

I was trying to find an excuse to give the glbse a try. Thank you for coming up with a completely "out of the box" way!

I'm holding a handful of those 'stocks' now, so I'll just wait until my conscience kick in, I've always thought of horse racing as animal brutality. But anything to make the bitcoin ecosystem thrive ;)

Great to have you on board!

Best of luck.

I can officially say I own part of a race horse.

Nice.  Slap a bitcoin sticker on her halter and snap a photo.

Satoshi's Daemon is a nice sized Louisiana-bred filly whose dam (mother) has produced all winners. We will see how she develops, but the early plan is to race her at Fair Grounds Race Course in New Orleans, Louisiana. Thank you to all who have joined us on this "Road to the Winner's Cirlce", as it promises to be an exciting adventure in the Sport of Kings.

Satoshi's Daemon looks ruthless like she can bite off the head of any competition.

You must be long  :P

most likely, SD's career will start at the Fair Grounds in New Orleans. If you still live close by or can visit, try to come on out to watch her race.

If you ever bring her up to Arlington, I would be proud to get my photo taken in the Winner's Circle with her. This is a great asset to bring to the GLBSE, and I am excited about being able to invest in her. I'm in.

I purchased 100 shares here. I would love to be in attendance at her first race. Please keep me informed as to a date and location and I will fly out.

We want to thank everyone for their investment and faith in our first bitcoin racehorse. We only have 82 shares left!! If she performs well, she will assist us in generating capital for another horse. At that point, we would look for the most beneficial racing options (track, competition, purse money, training arrangements, etc.) before deciding on where to launch another bitcoin offering. We would look to evaluate other racetracks including Arlington Park as possible locations for the next issue.

We will always provide one free Winner's Circle photo for each win to all who are with us on Satoshi's Daemon. The early plan is to race her at Fair Grounds Race Course in New Orleans. She galloped 1.25 miles this morning and had her initial introduction to the starting gate. She is taking everything in stride and progressing nicely. Be sure to visit her website for news and upcoming races (www.satoshisdaemon.com). In addition, we will always communicate here as well. For those still considering investing in the first ever bitcoin racehorse, we only have 82 shares remaining!!! Don't be left at the starting gate!   :)

Successful IPO! We sold out of our 500 shares early this morning.

Thank you to all who participated. Please come and join us at the Fair Grounds early 2012 when SD races.

IPO funds have been transferred to (105 coins): 1DaemonMBV5XepQr8Kekgo5TCgG5pCdoSd
Good faith deposit (100 coins): 1Daemon7kXmCjuFvaVwiPWoZJqcLtZnbiH

Dividend & Claiming addresses will be funded when a race is selected and purse is known.

Wow, this share is off and racing before the horse even has its first race scheduled! I've made some nice coin on it already :)

 ;D

We're happy with our investment so far. Hopefully there will be some coin to spread around.

Satoshi's Daemon completed her gallop today with a nice sprint down the lane. She now has more than 30 days under saddle and has made steady progress since arriving at the farm. We will tentatively look to have her first official work at the EvangelineTraining Center on November 19th or November 26th.  The official work will most likely be two or three furlongs. This should give us a good gauge of where she is in her training.

Love the set of videos of Satoshi's Daemon on Youtube (http://www.youtube.com/user/EvansTBRacing).

Great to see the improvements in our horse.

Pleased with my investment in this.

Interesting. I'm already in a race horse ownership conglomerate for hastings race track and a few US races but there's no real money in it. Came first place 3x and all money goes to upkeep of the trainers/horse/jockey payout so far. That said may buy into this anyways to kickstart a bitcoin horse owning cartel :)

Because the thread was bumped, I will reassure everyone that the horse is on pace to race this spring. Waiting to hear word on when the official workout will be, was supposed to be late January, but it might have been moved back.

Jesse and I were impressed with the horse and tried to fast track her into an aggressive schedule, and it backfired on us, costing us some precious time. But all appears to be a 'go' right now.

The stronger bitcoin market is hurting the dividend schedule a bit (and the share price).

Thanks everyone for their interest!

You just keep on taking great care of her, and let her develop right. The share price and the dividends will work themselves out in time.

"One Bold Bitcoin"
"Bitcoin Baby"
"My Crypto Currency"
"Satoshi's Dream"

How's our horse faring? Can you provide an update on the racing schedule?

I would like to see video from the practice runs. I am a professional horseman and work with horses daily as my primary job. I would like to see how this horse is going at the trot and how she strides.

Looking through GLBSE equities and found this one.  Is this serious?  Did the horse ever race?

Here is the pedigree.

http://www.pedigreequery.com/satoshis+daemon (http://www.pedigreequery.com/satoshis+daemon)

Thanks everyone for the interest. I don't want to be bumping threads with little information.

Events:
Satoshi's Daemon had her 2nd workout today at the Louisiana Fair Grounds (3/31) and finished with the best time (#1) out of 8 horses on a good (not fast due to the rain) track. Improved her time by 2.40 seconds despite the sub-optimal track.
Two weeks ago (3/18), she had her 1st workout ever and finished 17th out of 18 horses. She started out *very* slow in her first official event.

Some Official Links:
Workout link for today: http://www.equibase.com/static/workout/FG033112USA-EQB.html#SATOSHISDAEMON
Satoshi's Daemon profile page: http://www.equibase.com/profiles/Results.cfm?type=Horse&refno=8602579&registry=T

History:
This has taken longer than we had hoped. She had (has) an attitude problem and our attempts to fast track (no pun intended) her only frustrated the trainers to where they didn't want to deal with her. She was shipped to Mississippi and took the long, slow track to becoming a racehorse. I am not the horseman that my partner is, but this is common.

Status:
Satoshi's Daemon needs to get gate approval, then can be scheduled to race. She will be entered into a 4.5 furlong training race on April 18 2012. If she breaks well, she gets her gate approval, then can be entered into an official race! Early/Mid May is my best guess without setbacks.

I want to thank all bitcoin interest rights holders (traded on the GLBSE) for their patience.

There are some videos of her galloping on Youtube, just search for "Satoshis Daemon". Feel free to post your thoughts.

Satoshi's Daemon breezed three furlongs this morning in :38.20 over a track rated good at Fair Grounds Race Course. Her time earned her the bullet work of the day for three furlongs, as she covered the distance the fastest of the eight horses who worked today. She worked very good without company and should continue to improve after today's work. We will be adding more videos, but please click the link below to see what we have posted so far.


http://www.youtube.com/user/EvansTBRacing#p/u (http://www.youtube.com/user/EvansTBRacing#p/u)


Satoshi is a very athletic three year-old Louisiana-bred filly who we have given the time needed to mature both mentally and physically. She has filled out very well over the winter. We are looking forward to an exciting racing meet this spring and summer at Evangeline Downs where the addition of slot machine money has provided very attractive purse money for the weekly racing card. The link below will take you to an article that describes the lucrative racing industry in Louisiana. There is also a link within the article to the inaugural edition of Louisiana Review, which provides an in-depth look at horse racing in Louisiana (see link below to the edition of Louisiana Review). It is an enjoyable read and a great time to own a racehorse in Louisiana!!! Enjoy!

http://www.thoroughbredtimes.com/national-news/2012/01/24/thoroughbred-times-2012-louisiana-review.aspx (http://www.thoroughbredtimes.com/national-news/2012/01/24/thoroughbred-times-2012-louisiana-review.aspx)

http://www.thoroughbredtimes.com/media/pdfs/2012lareview.pdf (http://www.thoroughbredtimes.com/media/pdfs/2012lareview.pdf)

Satoshi's Daemon worked four furlongs from the starting gate in :52.60 over a fast track at Evangeline Downs with apprentice jockey Denny Velazquez in the saddle. The goal of the work on yesterday was to get gate approved and not to post a fast time. She broke a little slow behind two horses, but quickly gathered herself passed the two horses on the inside near the two furlong mark and then galloped the rest of the work. She received her gate card after the work and is now ready for race entry. We will look to enter her next week to run at Evangeline Downs!!  :)

I must confess that this is very interesting, but bear in mind we're mostly newbies when it comes to horses. A few more details would be very helpful.

Evangeline Downs is nice, but what's first prize? 2nd? What's the entrance fee? Maybe break everything down for us in simple terms: if 1st place the horse makes 5000 dollars, of which net 2300 for shareholders. If 2nd place 3000 dollars, of which 300 net. Etc.

We are looking at a race scheduled to run on Wednesday, May 2nd as her debut. We will know if the race is a go and if she makes the field some time on the afternoon of Thursday, April 26th. The purse for this race is $14,500. 1st place receives 60% of the purse, 2nd gets 20%, 3rd 11%, 4th 6%, 5th 3%. There is no fee to enter the race. Once we know for certain we have made the field, the dividend schedule on her web page http://www.satoshisdaemon.com/ will be updated.

Any chance of getting a video of the race if she makes the field?

If she makes the race, it will stream live on the Evangeline Downs website. Also, you can always go back and watch the replay if you miss it live. See link below.

http://evangelinedowns.com/video

Update:
Satoshi's Daemon has been placed into RACE #5 at EVANGELINE DOWNS on Wednesday, MAY 2nd!!

Dividend Schedule:
JE2 and I are crunching numbers to calculate dividend payouts. Look for preliminary dividend schedule here and on satoshisdaemon.com. A finalized dividend schedule will be posted late Sunday night. Dividends will be paid Saturday, May 5.

Participate
* Come on out to Evangeline Downs on May 2nd and join the fun. If she wins, we are allowed a few to join the winner's circle for the photo.
* You can watch the race live at http://www.evangelinedowns.com/racing

Thanks to all of our patient investors. Hopefully it will be worth the wait.

Mods: Please move to the securities discussion

This is some fantastic news.

How will she fare? Make your prediction: http://predict.glbse.com/markets/46812

Anxious to see results. Preliminary track odds should come out tomorrow (april 27) morning. Don't think she will be the track favorite. Her workouts were good, not great, but we have been treating her workouts like pre-season football - Get her gate card and not get injured.

Preliminary Dividend Schedule for Race on May 05, 2012 Evangeline Downs. This dividend schedule is prepared using a $5.10 conversion rate between BTC and USD. The final rate will be locked at least 48 hours prior to the race. I'll sign the final dividend schedule and post it here and on www.satoshisdaemon.com

Location: Evangeline Downs (http://www.evangelinedowns.com/racing)
Race No.: 5
Jockey: Carlos Marquez
Purse: $14,500
Payout Date: Sunday, May 06 2012

Preliminary Dividend payout to each BIR share (in BTC)

*-*-*-*-* Racing Dividends *-*-*-*-*
1st: 0.0629 BTC
2nd: 0.0045 BTC

*-*-*-*-* Claiming Dividend *-*-*-*-*
If claimed: 0.1672


Summary:
Current equity in the portfolio is approximately $3500 (from a $10,000 initial investment). Current book value is 0.0686 BTC per Bitcoin Interest Right (BIR). There is also a liability to the prior owners who have the right to the first $500 that the horse wins (Cuff deal). We feel we need at least $4500 to comfortably progress with Satoshi's Daemon for her racing career. For her first race on May 2nd, this means that there will only be a dividend for a Win or Place. However, it is worth noting that the $500 liability will be paid for a 3rd, 4th or 5th (partial payment) showing, increasing her 'book value'. With a strong showing, expect a higher dividend payment for next race due to 1) Potentially higher purse 2) Fewer liabilities and 3) Higher account balance. If she is claimed, we retain all winnings from the race, but lose the horse to a new owner. The claiming price is $5,000 for this race. Expect dividends to be paid on Sunday, May 06. For those in the area, please PM me or JE2 for a meetup at the track!

Funding Addresses:
IPO Address holding 105 coins: 1DaemonMBV5XepQr8Kekgo5TCgG5pCdoSd
Good Faith deposit 100 coins: 1Daemon7kXmCjuFvaVwiPWoZJqcLtZnbiH
To be funded 2100 coins 48 hours before race day: 1Daemonyp34iLHiUn5uuPMwYWa7zXo9Hqw

Total 2305 coins, which can cover any possible outcome for all 10,000 BIR shares.

Detail:
For those interested in the accounting of it:

Beginning balance: $3526.33 (USD)

Purse: $14,500

Revenue:
1st place: 60% ($8,700), 2nd 20% ($2,900), 3rd 11% ($1,595), 4th 6% ($870), 5th 3% ($435).

Expenses:
Jockey 10% of revenue for 1st - 3rd ($1,370, $290, $159.50), $65 for unplaced. We also pay a $500 incentive bonus for a Jocky WIN.
Trainer 30% for a 1st through 3rd ($2,610 for first. $870 for 2nd, $478 for 3rd)

Miscellaneous
Travel expenses, pony guy (walks the horse to the track): $100-$200.

Could you please explain more how this works? We've spent $6,500 on the horse, but she could be claimed by someone else for $5,000? Have I misunderstood, because it sounds like a crappy deal for us?

The vast majority of races run on tracks throughout the U.S. are claiming races. They are the backbone of the sport and provide quick and easy entry into the sport for new owners and those who wish to play the "Claiming Game" (claim a horse run it back for same claiming price hope for a win and hope to get claimed and then do it over again). The short answer to your question is yes, there is some risk involved in running in a $5,000 claiming race, but the competition level she will face running for $5,000 in her first race compared to what she would face if she ran for a higher claimng price does not compare. Anything can happen, but it is unlikely she will be claimed. Her works have been good, but not lights out. A savvy owner looking to claim is going to at least give her a start or two to see what she does in live competition before dropping a claim. As I said, anything can happen, but someone claiming a first-time starter with three published works would be a surprise. If and when she shows she is ready to step up in class (tougher races and bigger purses), we will place her accordingly. One of the worst things you can do in horse racing is run a horse over its head and kill their spirit, especially a young inexperienced horse. I hope this helps, and thanks in advance for your interest.

http://en.wikipedia.org/wiki/Claiming_race (http://en.wikipedia.org/wiki/Claiming_race)

The value of a horse is not so easily assessed. Claim prices are set to make sure that horses are approximately of the same form. They are not to actually sell the horse.

The point is to discourage entering a multiple winner (worth over $20000) against bunch of youngsters (~$5000). There is no entertainment for spectators in such unbalanced race and odds are boring for punters.

Thanks, PawShaker and JE2, for the clarification.

Cool, I was just coming to ask for some clarity about that having read it earlier.

My other question is if we have any idea how much the horse weighs? Using a weight of 1250 pounds makes each share worth 2 ounces of horseflesh  ;D

Is it possible to refine that number purely out of curiosity?

lol. So if the horse defaults, can we each extract our "pound of flesh"?

Now just waiting for the bitcoin episode of Luck.

Finally had a chance to read that Claiming Race wiki link. That's a really neat way of ensuring a fair field with no ringers.

I'd put our risk at 0 for this running since it needs to happen before the race, and this is a totally unproven, unknown horse.

The entries are posted on equibase for 5/02: http://equibase.com/static/entry/EVD050212USA-EQB.html

In our 14 horse race (Race #5), the morning line on Satoshi's Daemon is 30:1.

As long as she beats the horse called "Cutie Pie"... 8)

Final Dividend Schedule for Race on May 02, 2012 Evangeline Downs. This dividend schedule is prepared using a ~$4.96 conversion rate between BTC and USD. The final rate will be locked at least 48 hours prior to the race. I'll sign the final dividend schedule and post it here and on www.satoshisdaemon.com

Location: Evangeline Downs (http://www.evangelinedowns.com/racing)
Race No.: 5
Program No.: 3
Jockey: Carlos Marquez
Purse: $14,500
Payout Date: Sunday, May 06 2012

Preliminary Dividend payout to each BIR share (in BTC)

*-*-*-*-* Racing Dividends *-*-*-*-*
1st: 0.06520 BTC
2nd: 0.0047 BTC

*-*-*-*-* Claiming Dividend *-*-*-*-*
If claimed: 0.1733

Notes:
* The weaker BTC/USD rate helped the final dividend.
* The address: 1Daemonyp34iLHiUn5uuPMwYWa7zXo9Hqw has been funded to pay for all possibilities.
* PM me if you will be out at the track!

Watching.  Good luck SD!

Do we have a rough idea what time this is happening? Morning, afternoon????

EDIT: Nevermind, just found it. 7:20pm US/Central.

This live stream is pretty good. Just saw the horse. 2 minutes until post!

Link?

http://www.evangelinedowns.com/video

Guy just said it will run at x:26

Tried that, doesn't work from here.

Aaaaaand.... Last Place.

Yeah, that didn't look like it went very well at all. Behind right out of the gate.

Investors looking like asses now. ;D

Momma said there would be days like this.  Needless to say, this was not the result we were looking for in her first run. I can accept the result, but what was disappointing was her lack of effort. I had a long conversation with the trainer, and we will make some adjustments before her next race, primarily in the area of her pre-race medication. Not to make excuses for our young thoroughbred, but she caught a sloppy track for her first race. As I reviewed her pedigree stats, horses produced on her pedigree cross have run on muddy or sloppy tracks 8% of the time with 0% reaching the winner's circle. She is definitely not a "mudder", and will need a fast dry surface to truly evaluate her racing ability.  She will continue her training, and we will look to run her back in 2 or 3 weeks. I want to thank the bitcoins fans who joined us at the race track. We will have better days, and tonight produced a number of areas in which we must improve.

Interesting idea...

Is it true that a horse that loses a few times is difficult to train to win?

What is the payout if she is converted into adhesives?

I have done some more analysis. Well... both trainer and jockey belong to half that makes top half possible...

Data for analysis were gathered after the race, so they contain todays results. It shows stats for trainers of all horses in the race and same stats for jockeys. I calculated earnings per start and percent of starts which end up in 1-3 place. In this ranking the trainer places at most at 36% (and 16% at least). Jockey ranks between 31% to 55%.

https://docs.google.com/spreadsheet/ccc?key=0AuXw8JNqwGstdFdEVlE0T3dsbTZQSUdIQmc1T1Z4N1E (https://docs.google.com/spreadsheet/ccc?key=0AuXw8JNqwGstdFdEVlE0T3dsbTZQSUdIQmc1T1Z4N1E)

BitCoin public is looking for a goat... s-goat!  ;D

Horses that lose badly consistently "can" be hard to train. They lose their spirit to compete, because in their minds they have no chance at catching the other horses, so they begin not giving it their all when training or racing. We will sometimes allow horses to train with horses we know they can beat to build up their confidence. She will get a steady diet of that level of foes in training next week.

As it relates to adhesives, unfortunetly, horses are sold by the pound for their flesh from what I understand. I have never visited a facility, but I understand there are some not too far from the track. This is commonly called "selling to slaughter.” If it is decided that Satoshi is not a going concern, we would move her on to a new career (trail horse, barrel horse, etc.), but we will not sell her to slaughter. She is a much better racehorse than what she showed yesterday. We just need to make the right adjustments on a few things.

Very disappointing first start out. With her odds going off at 11:1 in a 14 horse race, she was far from the long shot in the race. The race was an easy race too with soft competition. When talking with the jockey after the race, he confirmed that she just wasn't that fast on the muddy track.

On the plus side: She was run clean - no drugs in her. JE2 is more familiar than I am, but most trainers juice their horses in the weeks/days before the race, and run their horses on Lasix. After this result, we have some leverage to go to the trainer and demand some extra help.

Looks like we will get another start in the next 3 weeks.

I was always wondering what Satoshis Deamon Horse was about on GLBSE. Now i know ;D Good luck for the next races.

Any news on the horse? How's training been going? New strategies? Keep us updated :)

This is probably one of those take the money and run scenarios.

See what I did there?

I don't have a horse in this race  ::), but I wouldn't worry about a last place finish on her first run. One can rarely if ever foresee a horse's future by her first race.

Well, I saw this as a perfect opportunity to get some more stock at a discount from all the disappointed investors, only to find there are none. C'mon guys, last place! Just dump those no good assets, or should I dare call them liabilities?

:)

*Sukrim just sold at 10 Bitcents profit per share...* ;)

So, was this another scam ???

Why am I not surprised :o

It takes one to know one?

You think this is a scam just because the horse placed last?  ::)

No buluboy just likes the company in his piss poor decision making world.

Which, oddly enough, investing in horses is not. He really has no call to be here.

Warning griefer detected.

What's a warning griefer?

(Punctuation is important!)

Satoshi's Daemon will make her second career start in the 3rd race at Evangeline Downs on Thursday, May 24th. The maiden claiming race is set for a distance of six and one-half furlongs with a purse of $17,000. She will have up and coming apprentice jockey Brandon Menard in the saddle when they break from post position #4 in the 13 horse field. We are looking for a better effort this time out from our young three year-old filly. The adjustments we made during her training and the scheduled pre-race medications should have her on her toes for the Thursday sprint.

http://www.equibase.com/static/entry/EVD052412USA-EQB.html#RACE3

Yay!

Hopefully we fair better this time.

Also, what happened to all the bids?

Excellent. Looking forward to it.

Satoshi's Daemon will run again this Thursday night at Evangeline Downs. We're hoping for a bit more effort from her after her first time out. This will be her first time using the drug Lasix, which should give her a bit more stamina down the stretch. Remember you can watch the race live on the website! I will not be attending this race.

Final Dividend Schedule for Race on May 24, 2012 Evangeline Downs. This dividend schedule is prepared using a $5.10 conversion rate between BTC and USD.

Location: Evangeline Downs (http://www.evangelinedowns.com/racing)
Claiming: $10,00
Race No.: 3
Program No.: 4
Jockey: B Menard
Purse: $17,000
Payout Date: Sunday, May 27 2012

Dividend payout to each BIR share (in BTC)

*-*-*-*-* Racing Dividends *-*-*-*-*
1st: 0.0867 BTC
2nd: 0.0198 BTC

*-*-*-*-* Claiming Dividend *-*-*-*-*
If claimed: 0.1961

Notes:
* The address: 1Daemonyp34iLHiUn5uuPMwYWa7zXo9Hqw has been funded to pay for all possibilities (2828 coins).

Can anyone figure out what odds she is?

Very hard to find odds on US horse races.

Her morning line is 30:1. For actual odds, you can watch the live feed from Evangeline, or sign up with twinspires.com.

Race #3 is expected to start in just over 2 hours!

Land of the free, home of the brave

I hope so, if not then it's off to the dog food factory :P

Disappointing to say the least.

7th.

Hang in there guys. 

Satoshi Dog food might actually a good business model for the bitcoin pet owners.

Sadly, JE2 and I have determined she is not a racehorse. The trainers and jockeys have confirmed that she does not have a desire to compete. She gave all she had in the last race, and was never in contention. As of now, she is going to be basically given away. The trainer wants to try to run her on the turf, but from a manager's perspective, we will not pay for the experience. We still have an outstanding balance which will be returned to investors.

As a show of good faith to our loyal investors, I am going to place a bid for all membership shares of SATOSHISDAEMON.horse at the IPO price. We recommend you sell at this price. This was an experiment that JE2 and I put together, and don't want ~100 BTC to ruin that relationship. Once the dust settles, we may want to seek a claiming horse and race within 2 weeks of acquisition under a new issue.

Please give 24-48 hours for the bid in the market, while I re-align the wallets & addresses ahead of the holiday weekend (read: I am too disappointed to deal with the loss right now). Thanks to everyone who participated and followed along!

http://dl.dropbox.com/u/12679676/SD05242012.jpg

I've never really cared about horse racing, in fact I think all animal based sports are a form of animal cruelty, but it was certainly an interesting way to promote bitcoin.

Classy way to exit... hopefully this great idea can be resurrected with another candidate. Thanks for the fun ride in the racing game for a while, guess I don't need to learn how to make mint juleps quite yet.

http://www.metro.ca/recette/3271/barbecue-horsemeat-sirloin-steaks.en.html (http://www.metro.ca/recette/3271/barbecue-horsemeat-sirloin-steaks.en.html)

I have found this several days ago, but I did not want to spoil good spirits.

And TTBit has just saved her from sharp forks of bitcoin restaurant investors.  ;)

A really noble gesture and thanks a lot for that experiment, even though it didn't work out as intended.

Awwww, that's so disappointing (that she's not a race horse, not the race result). If I keep my shares (and maybe buy some more ;) ) will they count towards a new horse you buy? Is that in the plans?

Maybe this is stupid and soppy but I would like to make a payment (5% or so of what I had invested) towards some form of treat for her for the effort she did put in during training etc ...

I've no idea whether something like these are recommended http://www.thesaddleryshop.co.uk/P/Super_Tasty_Crunchies-(2842).aspx, I'll leave you to decide what's most suitable for her.

Please confirm your GLBSE username and I will make the BTC transfer through that.

Your efforts are much appreciated and thanks for bringing something new and different to GLBSE.

I hope we can try again with a different horse at a later date or maybe even a selection of horses to spread some of the risk around.

As a sign of my faith and confidence I pledge 250% of my original investment to any new horse(s) you choose.

Since we may structure it differently, I suggest you sell after we re-organize. Thanks for the interest!

Thanks for the gesture. However, she may be gone already as JE2 was looking for someone to take her last night after the races, rather than have us pay to ship her back.

Do horses always keep the name they start out with in US racing ?

Yes. Names can change until the horse does something official such as a workout or race. Satoshi's Daemon was not her name at birth and I forget her original name at the moment. There was ~$100 fee to change her name when we acquired her.

What do you mean by this? Do intend to purchase another horse and continue on this path? Will our holidng still count or do we sell up and re-buy on the new offering?

Sorry,

SATOSHISDAEMON.horse as listed on the GLBSE will, in effect, never pay a dividend. You should sell those shares at 0.210 btc. If we acquire a new horse there will be a new issue, probably with different terms. After we go a few months without any trades, I will request it gets de-listed. Hope this answers your question.

p.s., just waiting on the confirms and I will place a bid of 0.21 for this issue.

Done. I hope good things from you in the future with another interesting glbse listing.

I have placed a bid of 0.21 on SATOSHISDAEMON.HORSE. There will be no dividend, and I will request a de-listing once investors have been satisfied.

Thanks for your interest in the project!

A note of post morteum review of this issue?

One of the signal successes of GLBSE, in spite of not having the horse we all hoped for as our champion. The investment was presented clearly, the supporting materials were open and honest, transparency was present in all dealings, and the owners stayed in good communication with the investors. I would suggest that anyone considering offering a participatory investment on the GLBSE study the history of SATSOHISDAEMON.horse and learn how to do it right, and how to stay right with you investors even when it crapped out at the end of the run.

Thank you for offering this, and for running it so well. I look forward to the next opportunity you might come across, this was fun, if not a windfall. Especially after what I dropped at the OTB yesterday on our little Princess, but, for a moment there, I got to play Owner, and that was well worth the price.

I'd like to echo the posts regarding the professionalism you have shown here.

As I was planning to invest, I would really love for you to look for another horse.

Unfortunately, things did not work out with Satoshi's Daemon, but we will contiune to look for what we hope will be quality racing prospects. For those of you who wish to contiune to follow our racing pursuits, we have a promising young two year old who will make his first start on Friday, June 1st in race #3 at Evangeline Downs. His name is Shreveport Royale. We "may" offer a portion of him to the Bitcoin world if we feel there is enough interest. His first race will give everyone an opportunity to see him in action before any possible bidding begins. Thanks again to all who have followed us along this horse racing trail. The first link below will take you to the racecard and the second link will take you to our YouTube page where you can see some of his past videos. He is a high strung colt, and we have a bug boy (apprentice jockey who gets a 5 lbs. weight break) in the saddle for the race.

http://www.equibase.com/static/entry/EVD060112USA-EQB.html#RACE3

http://www.youtube.com/user/EvansTBRacing#p/u

Should have stayed with the bitcoin naming scheme!:(

"Nakamoto's Nonce", "Peer-to-peer", "Proof of Work", "Difficulty Rising".. 

I've reposted my sell order at 0.21 BTC / share.

When can we expect further purchases to refund investors ?

Interested.