Bitcoin Forum

So why is there a ticker for NYAN? Will it pay any sort of dividend?

Dividends will be paid weekly.

But what dividend does NYAN pay?

NYAN = ???
NYAN.A = 0.01
NYAN.B = 0.02 + leftover from NYAN.A
NYAN.C = high risk 0.07+

Yes. NYAN will pay the dividends it receives from holding NYAN.A, NYAN.B, and NYAN.C. CPA will seed NYAN A, B and C with 500 bitcoins each, and A, B and C will transfer 500 shares each to NYAN, and NYAN will transfer 1500 shares to CPA.

So in short there will be no management fee for NYAN since the management fee will be taken by the holders of CPA as CPA will own 100% of NYAN.

Then we will sell shares into the market. We are doing it this way to show we have a stable business model. In short, even if no one buys any shares we will still make money. this business is not dependant on investor capital.

No one is buying :O, I was expecting more nyan.c snatching initially.

3. NYAN.B: Proven bitcoin-only businesses which are not mining, and not pirate.

Nyancat Financial Balanced Risk Fund            

.
   Exchange: GLBSE            

.
   Ticker: NYAN.B            

.
                     

.
            (*5-day avg.)      (*5-day avg.)   

.
   Holding   Units   Book Value   Market Value   Total (Book)   Total (Market*)   %

.
   YARR   300   1.5   1.5   450   450   81.45%

.
   TEEK.B   20   1   1   20   20   3.62%

.
   BDT   30   1.1   1.05   33   31.5   5.70%

.
   PPT.DIV   100   0.5   0.5   50   50   9.05%

We are reaching saturation point and the recent upsurge in bitcoin price is also affecting share sales. People wont buy shares when they get better returns simply holding bitcoins. In a way buying shares is shorting bitcoin.

We are reaching saturation point and the recent upsurge in bitcoin price is also affecting share sales. People wont buy shares when they get better returns simply holding bitcoins. In a way buying shares is shorting bitcoin.

I thought it was just because OP, who is trying to sell off YARR with fuzzy math, comes off as flaky.

I thought it was just because OP, who is trying to sell off YARR with fuzzy math, comes off as flaky.

Nearly all of NYAN's investments are bitcoin only and do not involve USD, the rising price should not make it any less attractive.

This is more likely.  Additionally, I suspect that many buyers are scared off by the complexity of the securities offered.  It is hard to tell which, if any, are a good deal.

If pirate defaults you still get earnings from A and B which means the entire market or bitcoin itself would need to collapse for C to go to 0 value. The excess profits from A and B trickle down to C. As long as theres no pirate default you get both pirate profits and trickle down profits from A and B. Which explains the possibility of getting 9-10% profits on C.

This is why I took the small pirate holding I had elsewhere and bought in.

Wait, what? If you have 100 coins to invest in A,B,C, A being 1-2%, B being 2-3%, and C being pirate's 7%, the most you can get is 7% by going all in on C. You can't get 9-10% by "adding" excess A/B profits. Please explain.

Bingo.

The funny thing is, even if pirate collapses, NYAN.C will pay about as much as A or B.... more or less... It's the emergent properties of this fund which make it so attractive, and not the stated goals.

FWIW, look at what I did. I created an overly complex security based on derivatives, credit default swaps and collateralized debt obligations, transferred all the shares to myself, and gave myself 100% ownership. Do you think this is set up to fail? :) I'm banking on being able to buy up as many shares as I can before the public catches on...

Yup a real killer. There's only 7 different vendors selling them for btc on silk road.

I'm thinking about it. It's just that people are gravitating towards pirate and high risk and they are going to lose a lot of money like this.

Please, for your own sake, I've stopped sale of NYAN.C as it was selling over 5x faster than A or B. Sure, pirate is popular, but people for your own sake stop buying so much pirate. You're going to lose your money.

If one wanted equal exposure to A, B, and C, is there any significant difference between purchasing shares of each versus just getting NYAN?

The effect on NYAN.C will be quite surprising. All our books are public. I'll just leave it there, or I might be accused of a pump and dump :)

They're on our webpage. It's posted in the OP and on the GLBSE asset page. I don't have a link handy but you can just check the OP and cut and paste.

I'm not sure how to decipher the "surprising effect on NYAN.C."

It seems none of the issuers in bitcoin land know how to make proper financial statements and it drives me crazy.

The effect on NYAN.C will be quite surprising. All our books are public. I'll just leave it there, or I might be accused of a pump and dump :)

No such thing. I'm not bound by any set of arbitrary rules such as those imposed by the SEC on a NYSE listing. Therefore, the financial statements I have issued so far are proper in that they provide a proper amount of information necessary for you to value my company in relation to others. I'm not sure what else you would want to see, feel free to make a suggestion.

....

On an unrelated note, please look very carefully at what you said NYAN.C holds vs. what the spreadsheet says NYAN.C holds ;)

usagi, I think what he is saying is that the financial statements provided, relative to GAAP, IAS or IFRS, look like they are scrawled with crayon on a placemat.

But I get your point about .C; but to me it is fairly moot since I hold both .C and YARR. It is going to be fun watching how you handle .C ......

...the Johnathan Ryan Owens/Alberto Armani fiasco...

If you have not yet diversified into NYAN.C, now is a great time to get in. We have to be truthful about how the market is valuing NYAN.C and sell it at 0.90, but if you feel that Pirate will return the coins, NYAN.C is a great play on "trust pirate". On the other hand, if you have been NYAN.C heavy we reccomend now buying .A and .B and holding NYAN.C.

NYANCAT FINANCIAL: YOUR FRIEND FOR LIFE

Nyancat Financial Weekly Letter to Shareholders
Sunday August 26th, 2012

also available at: http://www.tsukino.ca/cpa/nyan/nyancat-statements/2012-34-nyan-statement/ (http://www.tsukino.ca/cpa/nyan/nyancat-statements/2012-34-nyan-statement/)

Slow week. Special decision about NYAN.C. Let's get down to work.

NYAN   paid 1.00%
NYAN.A paid 1.00%
NYAN.B paid 2.00%
NYAN.C paid 2.18% (0.01961814 per share on a NAV of 0.90).

FUND PERFORMANCE:
NYAN.A
NYAN.A had a stable cash flow all week. We got paid 0.37 for each GIPPT so far, with
hopefully more to come, but in any case we received enough money from operations
that we didn't need to rely on NYAN.B for this week's income. Management advice is to
hold NYAN.A and buy under 1. It appears to be maturing as a rock-solid investment fund
and the support it gets from NYAN.B and NYAN.C is considerable. Given that the pirate crash
won't even take NYAN.C to zero, there doesn't seem to be a lot of risk inherent in A.

NYAN.B
B class shares had an amazing week. NYAN.B single-handedly made enough money to pay dividends
for NYAN.A and NYAN.B, with overflow into C -- not counting the money overflow from NYAN.A.
All in all we're pleased with the performance of NYAN.B. We chalk this up to making a few
good trades here and there. Due to the pirate panic we were able to snap up some shares on
the cheap, and turn them over for a rather large profit (over 100% profit in one case).
Although it was for a small number of shares so it was diluted by the rather average returns
(2%-2.5%) of the rest of the fund. Management advises that NYAN.B is a hold and that NYAN.B
is currently overbought. We recommend diversifying into NYAN.A at this time.

NYAN.C
We have little choice but to mark the assets in NYAN.C to market. Keep in mind that while
NYAN.A and NYAN.B participated in buying PPT's at reduced prices, any losses affect NYAN.C
first. Right now we've decided to mark the PPT's in NYAN.C to market at 0.5 bitcoins per
share. This has dropped the NAV of NYAN.C to 0.70. However, we have decided to pay dividends
of 2.18% even though the value of NYAN.C has gone down. There are two main reasons for this
decision. One is the very important idea that pirate has not defaulted yet. We feel this is
a market panic and that the value of NYAN.C will recover. It therefore does not make sense
to us to kill the value of NYAN.C completely and not pay dividends. Investors in NYAN.C are
advised to hold. We will continue to pay dividends on NYAN.C to mitigate your losses and
pray that pirate pays back the money. The deal here is that Pirate owes about $4-5 million
dollars worth of bitcoins, and it is completely reasonable that he take 2 to 3 weeks to
organize and begin paying back investors. One might think he has interest money from
continuing operations but this is not necessarily the case. Closing out his contracts may
have prevented him from profiting from continuing operations because there are no more
continuing operations. Once again we advise against market panic and advice investors to
HOLD NYAN.C. In fact if you believe Pirate will pay back, like we do, this is a nice time
to start accumulating NYAN.C.

NYAN
NYAN had a rough week because we lost NAV due to exposure to NYAN.C. But we are just
going to mark this stuff to market and get the pain over with. NYAN did pay a small
dividend this week and is worth about 1 now. Next week dividends should be about 1%
again, and we should be able to maintain a value close to 1 btc per share.


The Latest from Pirate:
(credit to Maged and others for posting these)
Aug. 19,  1:10am: https://bitcointalk.org/index.php?topic=101599.msg1111681#msg1111681
Aug. 19,  2:20am: https://bitcointalk.org/index.php?topic=101339.msg1111794#msg1111794
Aug. 20,  5:50pm: https://bitcointalk.org/index.php?topic=101339.msg1116828#msg1116828
Aug. 21,  2:30am: https://bitcointalk.org/index.php?topic=101339.msg1121336#msg1121336
Aug. 21, 10:00pm: https://bitcointalk.org/index.php?topic=101339.msg1121336#msg1121336
Aug. 22,  6:10am: https://bitcointalk.org/index.php?topic=101339.msg1122532#msg1122532 (The Bitlane Blowup)
Aug. 22,  6:00pm: https://bitcointalk.org/index.php?topic=101339.msg1124039#msg1124039


Ok guys, thank you for your support, I will remain here to answer any questions you may have!

Serena

==========================================

Question from BinaryMage:
Q: Last week you announced a NAV of 0.90. Will you sell NYAN.C shares at 0.90?

A: Hello BinaryMage. Last week we didn't do that and kept the ask at 1, but this week we will be selling 480 shares of NYAN.C at the nav price of 0.70. We have decided to cap outstanding shares of NYAN.C at 3,000 until the other funds reach at least 3,000 (and probably 5,000) each. This is to help NYAN.C make more money and increase it's appeal to investors. A large part of the dividends on NYAN.C are overflow from A and B, especially due to the pirate crash. In this way, we can quickly repair the value of NYAN.C. It may be a rough couple of weeks until the pirate situation resolves itself, but we feel confident that once the pain is out of the system the overflow from A and B coupled together with NYAN.C's other investments will quickly repair the value of the fund.

For example let's say pirate crashes and the NAV of .C goes to 0.25. 1% overflow from .B and 1% overflow from .A is 0.02 bitcoins per share into .C. if .C itself makes 1% then that's 1% + (1%/0.25) + (1%/0.25) or 9% weekly interest rate for NYAN.C. So you see, rushing into NYAN.C is probably a bad idea NAV wise, but considering the dividend .C is likely to pay more than .A per share even when it's NAV is much lower. In a way, we feel you should value NYAN funds by the dividend they pay and not by their NAV. So then, if .A and .B both have a NAV of 1, and B pays 2x as much, is B worth 2x as much? Valuing these things can be tricky but I suggest that you just hold .C for now, regardless of the NAV, it should pay 0.01 per share or more going forward and we feel that's not too bad.

Usagi, can you explain "750btc Hedge (Matthew)" position in NYAN.C holdings?

Good news and bad news. First the good news.

 8)

That will be answered in the NYAN and CPA letters which will be out today (Sunday).

Now that the Zeek news is out it is blatantly obvious pirate has no money. I marked all PPTs to zero and will be dumping them if possible for spare change.

Hmm? What Zeek news?

Pirate was investing in zeekrewards.com which was a massive pyramid scheme that collapsed the same time pirate did.

I know what Zeek Rewards is, but all the theories of Pirate investing in it I've seen so far are pure speculation. Usagi said "news", which would imply some official confirmation beyond just guesswork.

This has dropped the NAV of NYAN.C to 0.70. However, we have decided to pay dividends of 2.18% even though the value of NYAN.C has gone down. There are two main reasons for this decision. One is the very important idea that pirate has not defaulted yet. We feel this is a market panic and that the value of NYAN.C will recover. It therefore does not make sense to us to kill the value of NYAN.C completely and not pay dividends. Investors in NYAN.C are advised to hold. We will continue to pay dividends on NYAN.C to mitigate your losses and pray that pirate pays back the money.

4. NYAN.C is worth 0.233 per share.

...

4. NYAN.B is worth .95 per share --> but don't worry, this is an accounting convention. It still pays 0.02 per share each week. We will likely make back the .05 this week and if not NYAN.A will overflow. And if not we'll take the assets from NYAN.C. Don't worry just yet.

...

I have also scaled back on the dividends for NYAN and NYAN.C to around 0.5%-1% per week, and I will be using the overflow to try and repair NYAN.C.

Pirate put all the money..... in this:

http://digitaljournal.com/article/331159

Apparently his wife was twittering about it before the blow up.

It COULD be a setup. There are people out there who are much closer to the situation than me. I am not really pursuing it.

Why are you paying out to NYAN.B, let alone NYAN.C at all, until the NAV is repaired to 1?

By paying out dividends instead of retaining and rebuilding the NAV you are incentivizing investors to get the return of NYAN.C without bearing the appropriate amount of risk by redistributing the return that should be accuring to A & B in the form of retained earnings contained implicitly in the NYAN.C NAV. Not only does this introduce moral hazard but is also unfair and may constitute a breach of the implied terms of the NYAN group's purpose.

Only NYAN.A should be guaranteed dividends because it is guaranteed by CPA. NYAN.B should not be paying out dividends if its NAV is less than 1.

Well said.

So, what, if anything, is going to get well done?

the market acts like a fag and it's shit's retarded.

And now, for those of you have read this far....

I would like to present usagi's rules for NOT losing money investing in bitcoin. Please, please, please, consider what I have to say very carefully.

---> Usagi's 10 commandments for investing on your own in the Bitcoin Stock Market <---
---> Examine every stock in your portfolio, and every stock you feel like investing and ask yourself the following questions: <---

1. Has it paid regular dividends at least six times or has it been in operation longer than six months?
YES: BUY
NO: SELL

2. Does it charge more than 10% in management fees, have more than 20% in growth or maintenance fees, or does it take growth or management fees out of money allotted to dividends?
YES: SELL
NO: BUY

3. Does this security pay more than 1% a week (and is NOT a FPGA or ASIC miner?)
Yes: SELL
No: BUY

4. Does the discussion thread or contract explain what it invests in or what it's business model is?
Yes: BUY
No: SELL

5. Is it a personal loan or high risk pass-through, or is it provided on a "best-efforts" basis?
Yes: SELL
No: BUY

6. If it is a fund, has the fund manager failed to beat the market? (I.E. for a mining fund, have they lost more than 60% over the past 3 months?)
YES: SELL
NO: BUY

7. For mining companies or bonds, is it a fixed-rate mHash per share?
YES: HOLD AND REINVEST PROFITS INTO NON-DETERMINISTIC COMPANIES
NO: BUY

8. Do you have more than 10% of your money in any one company?
YES: SELL
NO: BUY

9. Did you buy it because the price went UP or DOWN recently?
YES: DO SOME RESEARCH INTO THE COMPANY FIRST
NO: THEN YOU MUST HAVE DONE SOME RESEARCH ALREADY AND ARE CONFIDENT IN YOUR OWN DECISION

10. Is the asset issuer ID verified on the GLBSE?
YES: BUY
NO: SELL

The most important thing you need as a private investor is CONVICTION. Conviction does not come from watching prices go up and down for a long time. Conviction comes from doing research, asking questions to the asset issuer, and doing the math. There is also obviously a place for skill and experience to come through and push and help you succeed here. Investing isn't easy. So there is one more question, the bonus question.

BONUS. Did I invest without doing honest research into what I am investing in?
YES: GIVE YOUR MONEY TO A COMPETENT FUND MANAGER LIKE USAGI
NO: GOOD WORK, KEEP IT UP!

There is no shame in investing with someone who has a proven track record of success. The chances you will beat someone who does money management for a living are slim to none. At least invest 10% of your money with a manager and practice trading with 10% of your money before going all in. See who comes out ahead after 2 or 3 months. Try it!Fund managers do charge money this is true but if the service they provide was worthless no one would invest. Or, if a better fund manager came along he would get bigger and everyone would go to him and the bad funds would go out of business.

Ok. I would like to state that I am on IRC a lot and I love to chat, if you want to talk about NYAN please find me on IRC or e-mail me at usagi@tsukino.ca. I will answer all your questions about NYAN.

Just ask. Thanks!

Hear, hear.

The shining stars are now CPA, which has doubled in valuation to 0.0613 since last week, and BMF which has now jumped to an average price of .5901.

b. People are freaking out. Trolls are having a heyday. Losers like puppet and deprived are expanding their operations and now attacking reputable people like Patrick Harnett and Theymos. Some guy got drunk and posted Nefario and GLBSE in scammer accusations. The world has gone insane.

I still don't get why you guys rage so much about usagi. Of course some BMF went down but less than comparable bonds. Nyan.c went down but less than other Pirate pass-throughs. I think that it is a wonder that nyan.c did not default and as far as I understand it is because usagi managed well.

So can the haters please explain to me, why they think usagi is a bad manager. Maybe you need to explain it in a way which is understandable for idiots (like me, or as you claim usagi :D)

Wait so the standard for being a "good manager" is to lose less money than idiots?
Tell you what send me 10,000 BTC.  In a year I will send you back 8,000 BTC.  A loss of only 20%.  That should get me fund manager of a year award right?

Well, prawda speaks with all the knowledge and authority of someone who's been here for 3 days, made 11 posts (which include mostly him selling his religion for 0.3 BTC and posting #2964 in the count to 21M thread). Combined with the strong loyalty and repeating points Usagi himself has made makes me think it's a possible sockpuppet. But no reason to discount new people purely on how easy it would be to make up said account.

Thank you, I understand this.

Assuming V.HRL is a ponzi and crashes, usagi will write it off, NYAN.C will drop again, but then NYAN.C can be a good investment? As far as I understand with time the ponzis are filtered, the price is lowered and the non-scam investments remain. When this has happened it is a good investment?
But I guess your answer will be that the whole usagi business will break down, because almost everything he has is a ponzi or an insurance in your opinion.

can the haters please explain to me, why they think usagi is a bad manager. Maybe you need to explain it in a way which is understandable for idiots (like me, or as you claim usagi :D)

Step 1. Buy a FPGA single for 55 BTC.
Step 2. Make 0.25 BTC a day. That's 1.75 BTC per week.
Step 3. Pay out 2% and keep 1% for yourself

*RALLY MONKEY*

Step 2. Make 0.25 BTC a day. That's 1.75 BTC per week.

3. The overflow into NYAN.C will be significant in coming weeks due to the amount of HRPT now in A and B.

I hope you are not planning on keeping a significant portion of NYAN.A and NYAN.B invested in OBSI.HRPT?
I hoped the "no Pirate" would obviously convert in "nothing that quacks like a Pirate"...  :P

No, don't worry, and you have it wrong. It does not matter what assets are in A. What each fund holds is not relevant. All losses will be borne by .B and .C first. As soon as I can the HRPT will be moved out of .A or sold off for another asset. You won't lose anything in NYAN.A, this is guaranteed.

Even if everything in NYAN.A goes to zero I will transfer all the assets in NYAN.B and in CPA to NYAN.A to keep it afloat.

If that fails (nuclear war or whatever) I'll just buy back shares with my own money. NYAN.A is the safest and strongest asset you can buy on the GLBSE today.

...

No, don't worry, and you have it wrong. It does not matter what assets are in A. What each fund holds is not relevant. All losses will be borne by .B and .C first. As soon as I can the HRPT will be moved out of .A or sold off for another asset. You won't lose anything in NYAN.A, this is guaranteed.

Even if everything in NYAN.A goes to zero I will transfer all the assets in NYAN.B and in CPA to NYAN.A to keep it afloat.

If that fails (nuclear war or whatever) I'll just buy back shares with my own money. NYAN.A is the safest and strongest asset you can buy on the GLBSE today.

NYANCAT FINANCIAL

I. Investment Hypothesis:
Nyancat Financial is a financial services company listing the GLBSE. We allow investors to make investment choices based on risk as well as interest rate, allowing you to take on as much (or as little) risk as you want.
Investment income from NYAN.A, NYAN.B, and NYAN.C is pooled. NYAN.A is paid 0.01 bitcoins per share. NYAN.B is paid 0.02 bitcoins per share, and the rest of the money is paid to NYAN.C.

The sector and risk profile is:
1. NYAN: equal exposure to A, B and C funds
2. NYAN.A: Mining, insured investments, and other extremely low risk securities.
3. NYAN.B: Proven bitcoin-only businesses which are not mining, and not pirate.
4. NYAN.C: Pirate, OBSI.HRPT, and other unproven, high risk strategies.

II. Operations of NYAN
Nyancat Financial is a bitcoin-only financial services company. We perform various financial services for our customers including bitcoin deposit accounts, bitcoin brokerage services, bitcoin securities, bitcoin trusts, and bitcoin loans. Our operations are collected into, and segregated by, the wholly owned bitcoin only bonds NYAN.A, NYAN.B and NYAN.C. Our operations in NYAN are simple and transparent. We are a bitcoin only company; we do not use leverage and we retain 100% backing of all customer deposits. By assigning and guaranteeing risk to the various securities in addition to interest rate, we allow investors to make decisions based on risk versus reward in a completely open and transparrent manner separate from the underlying securities backing the issues. If you do not see in NYAN.A, NYAN.B or NYAN.C a risk/reward profile that fits your investment strategy please contact us. We will custom-create an investment portfolio that matches your needs. We are capable of managing offline portfolios which do not expose themselves to company risk of specific institutions such as GLBSE, MtGOX, BTC-E, MPOE, Bitcoinia, and so forth.

Nyancat Financial Contract for NYAN (Parent Company)
1. Nyancat Financial ("NYAN") holds only NYAN.A, NYAN.B and NYAN.C, and does not hold any other stock or bond.
2. NYAN will act to balance it's ownership of NYAN.A, NYAN.B and NYAN.C by buying and selling shares.
3. NYAN will open custom accounts for customers based on a customer's desired risk and reward profile. (Standard requirements are what interest rate the customer wants, how frequent payouts will be, and how much risk they want to take on).
4. Nyancat Financial's operations and balance sheets will be made fully transparent to the public and backed up by signed statements from our backers where appropriate.
5. Company Risk will be mitigated by installing a dead man's switch. If the operator becomes incapable of paying out dividends, someone else will step in to do it.
6. Company Risk will be mitigated by installing a default switch. If Nyancat Financial defaults on this contract, the institutions which we hold money with will be authorized to pay out the value of our holdings to shareholders on our behalf.
7. Nyancat financial pays weekly dividends, to be paid within 30 days of the end of any unpaid calendar week.

Nyancat Financial Contract for NYAN.A (Low-Risk/Insured Fund)
1. The Low-Risk/Insured Fund ("NYAN.A") profits solely from investment in, and ownership of, high quality mining securities, insured investment vehicles, and other extremely low risk securities.
2. Investments are chosen entirely based on their risk profile; we seek insured investments and very low risk investments only.
3. NYAN.A will pay 0.01 per week in dividends.
4. The value of NYAN.A shares is guaranteed by CPA and NYAN against capital loss via the reasonably timely maintenance of a bidwall at 0.99 bitcoins per fund unit.
5. The dividend interest rate is guaranteed by CPA. If NYAN is unable to pay a dividend of 0.01 on NYAN.A, CPA will pay it.
6. Holders of NYAN.A are guaranteed first claim to any holdings, bitcoins or other assets of NYAN.
7. Dividends are paid weekly, to be paid within 30 days of the end of any unpaid calendar week.

Nyancat Financial Contract for NYAN.B (Balanced Risk Fund)
1. The Balanced Risk Fund ("NYAN.B") profits solely from investment in, and ownership of, bitcoin businesses which are not mining operations and not exposed to "pirate".
2. Investments are chosen entirely based on sector; we seek to invest in the bitcoin community at large; but again, no mining, and no pirate.
3. NYAN.B will pay as dividend from the pool of A, B and C the lesser of 0.02 bitcoins per fund unit and the amount remaining after NYAN.A pays dividends.
4. Holders of NYAN.B are guaranteed second claim (after holders of NYAN.A) to any holdings, bitcoins or other assets of NYAN.
5. Dividends are paid weekly, to be paid within 30 days of the end of any unpaid calendar week.

Nyancat Financial Contract for NYAN.C (High Risk Fund)
1. The High-Risk Fund ("NYAN.C") profits solely from investment in, and ownership of, high-yield securities.
2. Investments are chosen entirely based on their interest rate without regard to the risk profile.
3. NYAN.C will be paid whatever isn't paid to NYAN.A and NYAN.B.
4. Holders of NYAN.C are guaranteed no rights or claim to any assets of NYAN, NYAN.A, or NYAN.B.
5. Dividends are paid weekly, to be paid within 30 days of the end of any unpaid calendar week.

Holders of NYAN.A are guaranteed first claim to any holdings, bitcoins or other assets of NYAN.

@prawda

I will give credit where credit is due, and usagi has some talents. The most obvious is hiding his true financial status by creating this labyrinth of companies that create revenue streams between them and that invest in each other and insure each other, making it pretty hard to assess even though (and thats again to his credit) he does provide fairly complete information for everything except CPA.

Still, once you scratch a little of the surface, some things become clear.  

Lets look at nyan.a first. By far its biggest holding is BMF (another usagi company) and he values it at 0.59 BTC/share.  Is that warranted? Its safe to say he can not liquidate his shares for anything like that price, seeing the sum of all bids for BMF totals less than 3BTC or 0.0006 BTC per share. So Nyan is stuck with BMF which is really one big gamble on (BFL) asics, either directly through the ones he ordered (extremely late), or indirectly through assets like BMMO.

The second biggest holding is OBSI.HRPT,  an almost certain ponzi that has just started collapsing, but still has an exit as there are some bids. Perhaps something could be salvaged if usagi is fast enough.
edit: I thought this was a 1 BTC bond, but its 0.1BTC, so the total bids are just over 30BTC. Scratch that exit possibility.

TL;DR. If asics turn out to be profitable for miners, even late ones, this bond might provide a positive ROI, but only about half of what most other ASIC related assets would yield. If asics turn out to be losers (which I expect), NYAN.A will become as worthless as the ponzi's he's invested in.

On to NYAN.B

Nyan.b's biggest investment is once again in OBSI.HRPT aka obsiponzi. If usagi doesnt get out really fast while there are still some bids for it, you can scratch 26% of nyan.b's NAV.

Second biggest holding is CPA. Another usagi company that is grossly overvalued in his books. Currently on the books for 0.061 BTC per share, but trading on GLSBE for 0.24 and more importantly perhaps, with a market depth of less than 10BTC total or  0.0002 BTC per share. Most of that is probably usagi himself as he announced he would be repurchasing his own shares, and has been doing so.

Third largest asset is DMC. A total fuck up of a company ran in to the ground by Diablo;  currently frozen by GLSBE because of suspected fraud and/or gross mismanagement. To be fair, usagi was given these assets almost for free, but it remains to be seen if he will be allowed to keep them as I suspect they were obtained fraudulently.

TL;DR I wouldnt touch this with a 10 foot pole. Nothing but rubbish, ponzi's and "inbred".

Lastly NYAN.C

This one already lost 85% of its value, probably even more when he publishes his next financial results as most of these assets have dropped further, so there isnt much left here. Biggest asset is a loan (BIF.1YR.LOAN), I have no idea how legitimate that one is, but it might be.

Second largest one is V.HRL, another obvious ponzi scam, and/or obsi passthrough with no emergency exit.

TL;DR  lets not beat a dead horse.

And then we have CPA. I guess thats far another thread, but consider CPA is insuring the above junk, thereby indirectly insuring significant amounts of ponzi investments.

Now Usagi is probably able to keep up appearances for some time longer, after all, because there is nearly zero market depth for his own companies, he can and does prop up spot prices by repurchasing his own junk, which helps him cook his books as for a few BTC he can pretend his assets are worth thousands BTC more than they ready are,  but this wont end well.

NYAN.A was sold as a low risk fund. I feel like a bait and switch just happened.

It is entirely unnacceptable that I am now exposed to an illegal ponzi scheme through no fault of my own and with no exit possible because of no liquidity.

FML.

What!? I do not like what I am reading.
You can not TRANSFER stuff out from portfolio B to to portfolio A just so you can cover up the mistakes you made in A.

Actually it's common knowledge Mircea copied me. NYAN is verifiably older than MPCD. Sure, Mircea talked about operating a derivative 6 months or a year ago but he never actually got off his ass and did it till a month after I started NYAN.

This was actually discussed in IRC and people were laughing at Mircea for copying me. Don't take my word for it...

Step 1. Buy a FPGA single for 55 BTC.
Step 2. Make 0.25 BTC a day. That's 1.75 BTC per week.
Step 3. Pay out 2% and keep 1% for yourself

What!? I do not like what I am reading.
You can not TRANSFER stuff out from portfolio B to to portfolio A just so you can cover up the mistakes you made in A.

do you think GIGAMINING is crap? BMF? PUREMINING? BTC-MINING, and so on?

For example?
Some variation of
=average(fetchTicker(concatenate(A7),"t5davg"),fetchTicker(concatenate(A7),"t24havg"))/100000000

If you don't like my funds don't invest. They're not scams because you don't like them but claiming they are and lying about me and my work is fraudulent.

If that fails (nuclear war or whatever) I'll just buy back shares with my own money. NYAN.A is the safest and strongest asset you can buy on the GLBSE today.

I'm just really suprised theymos won't ban you for outright lying about people over, and over, and over..... There's more lies in what you just wrote than there are fingers on my hand.

Having three nominally different funds is maybe more confusing than useful, when holdings and dividends are in fact more or less common.

Maybe you should (should have?) put it all together, deciding simply that NAV of NYAN.A is 1 insured, NAV of NYAN.B is the lesser between 1 and what's left, and NAV of NYAN.C is anything left.
Then manage it as you would with one portfolio to get the maximum return, regardless of what between A,B,C the funds come from. So that NYAN.C would be a high risk-high profit bet only on your ability to manage the fund, and not, as it is currently, also on the craziest possible assets available. This would have probably avoided losing so much on Pirate, for instance; and now on OBSI.HRPT i guess.

Seems like its pretty much a CDO, just not implemented/explained as simply and clearly.

-MarkM-

Collateralized debt obligations (CDOs) are a type of structured asset-backed security (ABS) with multiple "tranches" that are issued by special purpose entities and collateralized by debt obligations including bonds and loans. Each tranche offers a varying degree of risk and return so as to meet investor demand. CDOs' value and payments are derived from a portfolio of fixed-income underlying assets[citation needed]. CDO securities are split into different risk classes, or tranches, whereby "senior" tranches are considered the safest securities. Interest and principal payments are made in order of seniority, so that junior tranches offer higher coupon payments (and interest rates) or lower prices to compensate for additional default risk.

That calculation for NAV values works for .A, but the NAV isn't what's important for returns in the case of .B, just the weekly returns (The NAV of .A doesn't matter either as it's insured). NAV could be 0.02 as long as it made 100% weekly (this doesn't even begin to approach reality, just some hyperbole). Usagi does currently use NAV during sales to determine price but they're slightly uncoupled from returns.

At current NYAN's site lists about 3678 BTC worth of assets for 6972 Total shares (A:1606 B:1983 C:3383).

In other words your full of shit, and are basically saying that if I sell into the bids right now NYAN is worthless.

In other words your full of shit, and are basically saying that if I sell into the bids right now NYAN is worthless. I agree, but no one is that f**kn stupid except you are. Can someone ban this loser please? ffs.

Im saying what I told you before obsi collapsed: if there are close to zero bids on an asset, you shouldnt pretend your asset is worth anything like lowest ask, particularly if you own a shitload of it. You called me an idiot when I pointed that out for obsi, now go eat eat crow usagi. And update your numbers FFS.

but trying to price based on bids on GLBSE would be far more misleading. 

You can't value shares on GLBSE based on bid depth - as there's very few shares which have any signifiant bid depth at all.  That doesn't necessarily reflect any lack of desire to bid for shares on GLBSE - it's (in part, maybe largely) down to a couple of major problems with GLBSE itself.  Here's why:

Say I have a chunk of funds I want to invest (I mainly day-trade, rather than invest long-term on GLBSE).  I look at my short-list of stocks that I'm willing to touch (majority of offerings on GLBSE I won't even buy to flip).  Maybe I find 6 where I'd be happy to have someone sell into my bids.

I have X BTC available.  What I'd LIKE to do is put bids on all 6 stocks for X BTC worth and take whatever gets sold to first (volume on most stocks is pretty low - so I can't be too fussy which I get unless there's a very good reason to want to favour one).  Obviously if one of my orders got sold to then the others would be automatically reduced down to whatever my remaining balance could cover.  But GLBSE doesn't support that (or even the cruder alternative of cancelling any bids which can no longer be covered in their entirety).  That's the first problem with GLBSE.

So: my alternatives are either to bid X on one stock or to bid X/6 on all 6.  I'd prefer to do the latter - but X isn't particularly massive and here the second problem with GLBSE forces me to do the first.  That problem being that GLBSE appears to be run on a 10 year old computer connected over a 56k dial-up modem.  Loading the market regularly takes 10-20 seconds and about 1 time in 3 it doesn't even load properly (plus after I place an order it gos back to portfolio rather than staying on market - meaning I have to go to market again to double-check my order is correctly placed relative to other orders).  It's just not an efficient use of time to try to place and monitor multiple orders with a small value of X.

This means that, most of the time, the bids from me on market tend to be 1/4 - 1/6th the size they'd be if the site worked in a more reasonable fashion.  It also means that there's always a bunch of stocks that I'd have bids on if it weren't such a chore to actually place them.

Unless i'm unique in this (and I KNOW I'm not as others have said pretty much the same thing) it means that the actual bids on stocks don't reflect the real funds available (and willing) to buy them.  Pricing based on Asks is obviously not correct (the lowest Ask is the cheapest price someone is willing to sell for but noone is willing to buy at right now) - but trying to price based on bids on GLBSE would be far more misleading. 

Fascinating.

Why, for the love of all that is holy, why are you on GLBSE? If most assets are crap, if the site itself doesn't work, if it has all these unresolved and likely unresolvable problems, why do you persist?

Fascinating.

Why, for the love of all that is holy, why are you on GLBSE? If most assets are crap, if the site itself doesn't work, if it has all these unresolved and likely unresolvable problems, why do you persist?

Why, for the love of all that is holy, why are you on GLBSE? If most assets are crap, if the site itself doesn't work, if it has all these unresolved and likely unresolvable problems, why do you persist?

Because it is the only serious exchange available?

If you don't think Open Transactions is serious, maybe you can help make it so?

I have been working pretty much full time on it for a year and a half or more, FellowTraveler has been working on it for much longer. So your dismissing it as not serious is a little... unexpected. Possibly a far more detailed critique would be helpful to the developers?

-MarkM-

Because it is the only serious exchange available?

for money losing fools, this is correct. There are serious exchanges for people who prefer to make money, but you're not using them.  You're looking at porn.

My friend, there are a number of good assets on GLBSE. The problem is that you can't find them.

PS: One of them is in my signature.

You cite a mining bond as a quality GLBSE asset. /me lold

I found the one asset on GLBSE I'd buy. Ain't got your name anywhere on it. Or usagi's for that matter.

usagi, we come off as assholes because we're right in exposing the scams, incompetence, and thievery on GLBSE.  People who call you out are usually referred to as "assholes" because you don't like the message. You come off as one of those perpetrating one of the above. I'll leave it to the reader to decide which. Especially when you try to misdirect conversations, and avoid direct questions.

You sure lack reading skills, no wonder you can't find good assets on GLBSE!

I couldn't imagine you meant to say This https://glbse.com/asset/view/CIUCIU.BOND (https://glbse.com/asset/view/CIUCIU.BOND) is a good asset on GLBSE. It's trading at 20% below IPO price, has no stated business plan on GLBSE, has no maturity, nor limit on the number of bond coupons to be issued, and thus has all the earmarks of the standard issue bitcointalk/GLBSE ponzi plan. mmmmm...no thanks. Contracts that look like that go into the "scam" pile. They completely offload all the risk to the investor, they allow the issuer to not only borrow from the investor, but profit at his expense. Again. Good assets. Apparently your reading comprehension is about on par with your financial skills.

Fascinating.

Why, for the love of all that is holy, why are you on GLBSE? If most assets are crap, if the site itself doesn't work, if it has all these unresolved and likely unresolvable problems, why do you persist?

You're kidding, right? We use it because it provides a service. I agree, it's very slow at times.

But not all of us can afford to pay >200 dollars for a website that could be gone in a year or two.

I'm sure you can say that your site is only for "serious investors." But if that's true, why do you come on the forum and berate nobodies? Don't you have serious investors to take care of?

~pyotr

In general, the fact that most assets are terrible isn't an issue for me: and the fairly irrational behaviour of most investors is an absolute positive for me.  Bear in mind that I'm not buying most assets to hold - just to turnover a quick 5-10% profit on.  That's harder to do somewhere that there's sensible pricing of stocks and good liquidity.

The API takes about half as long to load data as the web-interface.  So far my own bot/trading interface can only download data (having issues formatting POST orders).  So right now all it can do is monitor my bids/asks and warn me when a range is moving, one of my orders has been filled or my order is no longer priced in the correct spot.  Once I've sorted the POST side of things I'll then be able to delegate the actual placement of orders to software, meaning it wont take much of MY time to place 5,10 or 100 orders.

When I last looked at MPex there wasn't much diversity there - the problem would become one of there not being 6 stocks worth bidding on, rather than (as it is on GLBSE) the sheer pain of actually trying to place and monitor 6 orders.  FWIW I have no interest in options at the moment.

Apologies for derailing the thread - but it seemed an honest question and deserved an answer.

My friend, there are a number of good assets on GLBSE. The problem is that you can't find them.

PS: One of them is in my signature.

Because your exchange is run by an anonymous entity and people should not get in the habit of investing in such things. Nearly all the time they turn out to be scams. Plus you also dont verify anyone who lists on your exchange either.

Well, no. This is specifically what I do, talk on this forum. It's kind of a sucky job but someone has do it (apparently). Also, you might want to read this (http://polimedia.us/bitcoin/faq.html#31).



I see your point.


Not really. Actually, the reason you spend half your waking hours trying to sling mud is simply the fact that I called out your scam a while back (https://bitcointalk.org/index.php?topic=95826.msg1092063#msg1092063). You really should be ashamed of yourself.



You're seriously saying Mircea Popescu is anonymous? That's the man's name wtf.

Anyway, I am here to hearthfully thank the unknown investor that bought my last NYAN.B shares not much under 1BTC  :)

Imho, NYAN.C does not really count; it was just a gamble on Pirate and Pirate-like, ad it was lost.
As for the 'sane' part, we went from about 3300 to maybe 2500 -a 24% loss

NYAN.B has sold all it's DMC for ~0.1 per share for 1000% profit,

we muct pray OBSI.HRPT does not default.

Im calling shenanigans.

What really happened here? First, Diablo inexplicably and indefensibly sold 4000+ DMC shares to you and an even bigger amount to someone else (obsi?) at less than 10% of their market value, robbing and infuriating DMC's actual shareholders who got  wiped out and got nothing in return.

Then, when DMC got  suspended for suspected fraud, after berating Diablo for being the bloody idiot he is, you inexplicably change your tune 180 degrees and begin backing up Diablo as if he is the greatest CEO of all times, including presenting a "plan" that is beyond indefensible, even allowing Diablo to steal all of his shareholders coins.

Diablo predictably wins the motion against him with the help of his 2 new majority shareholders who got their shares for nothing, leaving his investors, who were the only ones to really cough up coins, completely empty handed.

So DMC gets unblocked, Obsi pays out Diablo, his majority shareholder, for one of his bonds. The same day, again inexplicably and indefensibly, Diablo spends almost every coin repurchasing his own bonds all the way up 2x his own published  NAV, even though DMC is simply a holding company holding like 3 shares. Why on earth did he overpay for his own shares like that, instead of buying more of the assets he owns?

Well, now we know. Usagi got repaid for his services.

Good job robbing DMCs shareholders blind, I hope you are proud.

Im gonna call on Nefario to investigate this, too many things here dont make the slightest sense, unless you look at the outcome: good for you, good for Diablo, probably good for Obsi, HORRIBLE for DMC investors.

This is an outrage.

The current strategy is to rejuvenate NYAN.C back to 1 in addition to paying reasonable dividends based on the 5 day average of 1 to 2% per week. It will be a long and slow road, and we muct pray OBSI.HRPT does not default. However, I hasten to add, that I am in close contact with OBSI.HRPT and if what he tells me is correct the trolls will be in for a nasty surprise.

NYAN.C is high risk, I make no bones about it, the entire point of NYAN.C is to invest in securities by the % return alone. Some people like that strategy. Well... this is the plan, and I hope it works!

Have fun trying to hold some gypsy in Romania accountable.

I'm sure European Union citizens are deeply sorry they don't meet your Aryan criteria, you valuable contributor to the discussion, you.

Since Usagi's spreadsheets are... dysfunctional, Ive taken it up on me to copy paste the latest available share data in to a spreadsheet, and pull in GLSBE latest price (blue) and 5 day avg price (purple) through GLSBE API. If usagi has done trades meanwhile, I will update this when the information becomes available.

I also made a third column that where possible uses the actual NAV of the asset, or applies a discount it if its a defaulting asset like uninsured pirate bonds or another fund that holds such debt (like move.to). The numbers I manually changed in that column (and that column only) are in red, you are free to have a different opinion of those values, they only represent just my personal assessment, but Im willing to back up my opinion if anyone wants.

If I made any mistakes, please point them out so that I can correct them.

https://i.imgur.com/LlBdg.png

https://i.imgur.com/S9Jf4.png

https://i.imgur.com/92Thy.png

edit: I manually set obsi.1MH to .1 BTC which is above what the API tells me because I understand obsi paid this out to his investors.

Well for one you're trying to value a CDO by it's spot-price NAV.

So you're a bit of an idiot.

But that's beside the point.. as I said.. you're valuing a CDO using NAV.. lol

It isnt an attempt to value them, its an attempt to calculate the NAV and show what you are exposed to.
Because of the contractual obligations, and assuming you would honor them,  if I wanted to valuate it, NYAN.C would be worth zero, Nyan.B significanlty under current market price, Nyan.A would probably still be good for ~1 BTC, although Im getting increasingly concerned your business is not sustainable and you might even be running a scam.

Your constant short term and expensive actions that serve only  to push up share prices temporarily should be worrying to investors. For instance, I noticed you bought back 100's of Nyan.Bs at ~1 BTC. That is substantially above their expected NAV and value by any reasonable measure. OF course its very good for Nyan.B shareholders wanting to get out, but it doesnt make any sense and increases the risk for all other existing shareholders (particularly CPA) as you become less and less solvent. The same goes for CPA and BMF on which you spent a lot of money just to push prices over what the market thinks it worth. And that loan you took out recently, I cant find it in your books. Where did you put it? Your books also still show you hold 1000s of DMC shares, though you said you sold them. It cant be both. Where did the coins come from to repurchase the BMF and Nyan,B assets? You only had a handful on your books, and there is no change,  so who is paying?  Every day there is a new red flag going up.

It isnt an attempt to value them, its an attempt to calculate the NAV and show what you are exposed to.
Because of the contractual obligations, and assuming you would honor them,  if I wanted to valuate it, NYAN.C would be worth zero, Nyan.B significanlty under current market price, Nyan.A would probably still be good for ~1 BTC, although Im getting increasingly concerned your business is not sustainable and you might even be running a scam.

Your constant short term and expensive actions that serve only  to push up share prices temporarily should be worrying to investors. For instance, I noticed you bought back 100's of Nyan.Bs at ~1 BTC. That is substantially above their expected NAV and value by any reasonable measure. OF course its very good for Nyan.B shareholders wanting to get out, but it doesnt make any sense and increases the risk for all other existing shareholders (particularly CPA) as you become less and less solvent. The same goes for CPA and BMF on which you spent a lot of money just to push prices over what the market thinks it worth. And that loan you took out recently, I cant find it in your books. Where did you put it? Your books also still show you hold 1000s of DMC shares, though you said you sold them. It cant be both. Where did the coins come from to repurchase the BMF and Nyan,B assets? You only had a handful on your books, and there is no change,  so who is paying?  Every day there is a new red flag going up.

I was just thinking about buying a chunk of BMF - but based on my beliefs, it's currently somewhat overvalued.

JTMEs NAV is far lower.
You need to divide the assets by 2.292 shares (1.750 founder)

*Market source: =max(fetchTicker(concatenate(A##), "t5davg"), fetchTicker(concatenate(A##), "t24havg"))/100000000

GIGAMINING:      5 day average 0.578 | 24h average 0.553 | 'real' value 0.63
JTME:                  5 day average 0.725 | 24h average 0.703  | 'real' value 0.85
MOVETO.FUND: 5 day average 0.799 | 24h average 0.745  | 'real' value 1.08
TEEK.A               5 day average 0.874 | 24h average .......... | 'real' value 1.00

Funny is, I was about to include a question about the value of mining gear, but writing question #2 I realized you are actually right about them :) The value should be counted as the price you would pay for them, shipping included;

Did you have a question? If not may I suggest you go post somewhere else? I don't really intend to keep reminding you that it's okay to disagree forever. I mean at some point don't you think it's time you just, you know, moved on and get a life? I mean I know mircea pays you but you're coming on too strong. If it gets any worse I'll just make a new version of this thread with local rules banning you. It's that simple.

Dude, fuck off.  (https://bitcointalk.org/index.php?topic=112694.msg1219012#msg1219012) Do you have ANY idea how bad that looks in conjunction with EskimoBob admitting someone hired him to berate people on the forums? And considering MPOE-PR offered to pay you to discredit me in the scammer accusation Puppet made against me? If it's not true, it's not true, but just fuck off right there.

Dude, fuck off.  (https://bitcointalk.org/index.php?topic=112694.msg1219012#msg1219012) Do you have ANY idea how bad that looks in conjunction with EskimoBob admitting someone hired him to berate people on the forums? And considering MPOE-PR offered to pay you to discredit me in the scammer accusation Puppet made against me? If it's not true, it's not true, but just fuck off right there.

Hello, i'd like to make a quick announcement.

Daily dividends for October 1st have now been paid!

yay!

if you bought in at .49 last week when we made this announcement, here is your profit/loss statement:

BMF [1@0.49BTC] (since: 2012-09-25) paid: 0.01112149 BTC. Last price: 0.49 BTC. Capital gain: 0 BTC. Total: 0.01112149 BTC. (2.3%)

Expected dividend payments from now until sunday are 1.5%.

Reality check:
May 1st: Buy 10 singles for 120 BTC @ $5/BTC. Mining company market cap: 1,200 BTC.
October 1st: 10 singles are worth 55 BTC @ $12.30 each. Mining company market cap: 550 BTC.

What's changed? Well, EskimoBob has made about 1,000 posts about it insulting the mining company operator. But what's actually changed? Nothing.

10 little singles, mining in a row.
BTC goes up real slow.
Eskimobob is causing quite a row.
Nobody cares for the sad little man.

Now that's art.

Reality check:
May 1st: Buy 10 singles for 120 BTC @ $5/BTC. Mining company market cap: 1,200 BTC.
October 1st: 10 singles are worth 55 BTC @ $12.30 each. Mining company market cap: 550 BTC.

What's changed?

Reality check:
May 1st: Buy 10 singles for 120 BTC @ $5/BTC. Mining company market cap: 1,200 BTC.
October 1st: 10 singles are worth 55 BTC @ $12.30 each. Mining company market cap: 550 BTC.

What's changed? Well, EskimoBob has made about 1,000 posts about it insulting the mining company operator. But what's actually changed? Nothing.

10 little singles, mining in a row.
BTC goes up real slow.
Eskimobob is causing quite a row.
Nobody cares for the sad little man.

Now that's art.

Lol EskimoBob is weak and he cannot hurt me. I can beat EskimoBob. Lol.

GIGAMINING [1@0.9BTC] (since: 2012-08-05) paid: 0.132775 BTC. Last price: 0.60499997 BTC. Capital gain: -0.29500003 BTC. Total: -0.16222503 BTC. (-18%)
YABMC [1@0.14BTC] (since: 2012-08-05) paid: 0.02337128 BTC. Last price: 0.07034002 BTC. Capital gain: -0.06965998 BTC. Total: -0.0462887 BTC. (-33.1%)
ABM [1@0.45BTC] (since: 2012-08-05) paid: 0.015011 BTC. Last price: 0.10000001 BTC. Capital gain: -0.34999999 BTC. Total: -0.33498899 BTC. (-74.4%)
NASTY [1@0.8BTC] (since: 2012-08-05) paid: 0.01422903 BTC. Last price: 0.4539 BTC. Capital gain: -0.3461 BTC. Total: -0.33187097 BTC. (-41.5%)
DMC [1@0.45BTC] (since: 2012-08-05) paid: 0 BTC. Last price: 0.055 BTC. Capital gain: -0.395 BTC. Total: -0.395 BTC. (-87.8%)
BMMO [1@0.14BTC] (since: 2012-08-05) paid: 0.01673604 BTC. Last price: 0.04 BTC. Capital gain: -0.1 BTC. Total: -0.08326396 BTC. (-59.5%)

Wow so looks like everything in mining lost ~50% in the last couple of months. How did usagi's stocks do?

NYAN.A [1@1BTC] paid: 0.09 BTC. Last price: 0.99 BTC. Capital gain: -0.01 BTC. Total: 0.08 BTC. (8%)

Wow, 8%. Cool. Ok.

NYAN.B [1@1BTC] (since: 2012-08-05) paid: 0.16081227 BTC. Last price: 0.96999999 BTC. Capital gain: -0.03000001 BTC. Total: 0.13081226 BTC. (13.1%)

Wow! 13% Not bad, not bad.

How about BMF, a mining sector fund? One would expect it to lose about 50% just like every other miner in the world.

BMF [1@0.5BTC] (since: 2012-08-05) paid: 0.07135279 BTC. Last price: 0.49 BTC. Capital gain: -0.1 BTC. Total: -0.0286472 BTC. (-0.06%)

Wow. So basically anyone who invested in mining in the last 2 months lost money. Unless, of course, you invested in usagi's mining fund BMF.

Sort of an inconvenient truth, isn't it, EskimoBob?

Use your brain.

Most mining bonds are priced at 200% hardware.

Uhh, better check the date on those stats I posted.. it's august, not may lolz.. second point, we don't own gigamining.