I'm going to add Yubikey support soon, next few hours.
likuidxd makes some very good points, security is everyones responsibility.
I'm making the commitment to secure GLBSE, but it only works if users secure their passwords.
If you want to be able to recover your accounts via email then you need to secure those as well, there is not other way around it.
Actually I changed my mind, turns out you (I) actually need to buy a Yubikey to even get started, I don't want to bother waiting.
I'll find another option. Will use Google Authenticator, actually that seems to be the perfect option. So is the login on GLBSE turned off for now because I can't log into my account either?Edit: Stupid me, I need to allow the permission to run that thing. Thanks for the quick reply. |
|
|
|
This thread has all the makings of a Taste of Distaste festival. Imagine the sights. Imagine the expressions. And last, but not least, imagine the aroma (double entendre intended). Although, somewhat, this post was penned tongue-in-cheek, with proper marketing I believe this could be pulled off. If such an event were to take place, how would one incorporate Bitcoin into it to bring maximum awareness?  Soft-Boiled Fetal Duck ~Bruno~ Above is delicious. Just don't get the partial birth aborted ones. The taste is like a chicken and an egg combined. But I don't like most fruits. It is not the taste, only the texture, the work required in cooking them, and having to eat them raw without killing the bacteria and parasites from traditional cooking. |
|
|
|
I assume you already keep books on the expenses of MergedMining.
That would be an incorrect assumption. Then how do you calculate expenses and know that the company is profitable? 1) All utility/equipment costs and BTC/NMC fees associated with the mining and sale of NMC & BTC produced by the mining operation will be paid before dividends How about a motion to keep books on the company? |
|
|
|
Could you post the gross income generated by the mining operation as well as the expenses before dividends were paid out? Thanks in advance.
No. More automated metrics will be coming soon along with some other great advances as I implement the MergedMining 2.0 plan. Will the gross income and expenses will be part of the automated metrics? I'm still having a lot of work done on the script I will be using, so it is difficult to say what will be possible at this point. Expenses (electricity) will be difficult to display, although if investors were dead set on having this information, a webcam and image recognition script could be implemented. That goes beyond my abilities and would cost some money though. Not really worth the expense for such a small operation in my opinion. The image recognition and a webcam would be overboard. I assume you already keep books on the expenses of MergedMining. Also, since you have a Kill A Watt Electricity Meter that keeps track of the amount of electricity the mining rigs are using and you posted the electricity rate, it would be possible to see the electricity expense. |
|
|
|
Could you post the gross income generated by the mining operation as well as the expenses before dividends were paid out? Thanks in advance.
No. More automated metrics will be coming soon along with some other great advances as I implement the MergedMining 2.0 plan. Will the gross income and expenses will be part of the automated metrics? |
|
|
|
It's GDP is 5 Trillion, equal to that of China, I want to know why that is?
I'm from Canada and we only make 1.5 trillion, which is pretty sad lol
California has a larger economy of Canada at 1.9 trillion USD versus Canada's 1.5 trillion USD. California also has a population 37.6 million people while Canada has 34.8 million people. When Canada gets a population of 127.9 million people like Japan then maybe you can start to wonder when Japan is so rich. |
|
|
|
A dividend of 6.233 BTC has been paid.  Could you post the gross income generated by the mining operation as well as the expenses before dividends were paid out? Thanks in advance. |
|
|
|
Hi all! We sent out a test dividend today of 1 BTC, just to make sure the dividend distribution is working correctly in GLBSE 2.0, and it is! This dividend is on the house, real dividend coming tmrw!
teek
I actually got 2 dividends from BMMO 4 hours apart. One for .05425074 per share and the other .00301393 per share. The .00301393 has not shown up on the BMMO page. On the OP you post the assets held by the company. Could you also post the current expenses as well? |
|
|
|
WTF... people are betting on the bad side of a unfair coin? |
|
|
|
sorry i am muslim , i dont bet / gamble  semantics. Any investment with shakaru's is a gamble already. Since he can't pay off his debts yet owns this arbitrage bot, shouldn't the boy bot be sold off so his creditors can get paid, or is there some mystical limited liability floating around here? There should be financial disclosure requirements for each share. If they are going to release dividends each week then they should also release how much BTC or cash held by the listed company, the value of current assets, and the costs of doing business. |
|
|
|
It's a day late, but I was waiting on a few GLBSE issues to be resolved, and since they were, dividends were paid.
It's a bit lower than last week, with the migration I haven't actually made any trades yet so next week should be higher once I start trading again.
For now here's the breakdown -
0.82156284 BTC - Dividend Gain (90% of all dividend earnings)
0.0 BTC - Realized Gains (90% of all Share Trading earnings)
Total Dividend Payout - 0.82156284 BTC
Reinvested - 0.04565738 BTC
Fee Taken - 0.04565738 BTC
I also believe that we are as invested as I wish to be at this time, roughly 30% of our assets are liquid coin, the rest are assets. I'm going to try to keep our liquidity down to around 25% and the rest invested. This means that we will be having a motion sometime soon about new assets being issued, but that's down the road a little bit.
Finally, the assets held list from last week is now available on the first page, as well as the post below.
Thank you all - JL421
When you publish the dividend payout could you also publish the total earnings made? Also, could you post the total equity value of M.ETF. |
|
|
|
Someone talked about this before and I suggested that people not vote but instead speculate with money. It would be basically a bet on if the company defaults and/or goes under. People that own shares or are customers of the company and are taking risk by using the company can hedge that the company will fail. Meanwhile, speculators can take the other side of the bet that the company will stay solvent in the time period set by the contract. With enough volume, companies that meet many of the solvency tests would be indicating in the price of this bet.
Ah so we're talking about a prediction market, this idea has worth. How would people who predict that an asset is good cashout? Have the contracts that a company becomes insolvent expire after a certain amount of time, maybe each month or every quarter. For example, say I own shares of AAA on GLBSE but I am afraid it may become insolvent. I go to the prediction market and buy a contract that says AAA will become insolvent which expires in 3 months and if it becomes insolvent then the contract holder is paid x amount of BTC. On the other side of the trade is someone that believes that AAA will not become insolvent by the time the contract expires. The buyer of the contract pays the seller a premium. If AAA does not become insolvent by the expiration of the contract, the contract becomes invalid and the seller of the contract profits by the premium. If AAA does become insolvent before the expiration then the seller of the contract is required to give the buyer of the contract a certain amount of money as stated in the contract. If the market is liquid enough the buyers and sellers could sell or buy back their interest anytime to other people. Maybe using the existing GLBSE functionality could work too. Sub accounts on the tickers could be created: one to speculate that the company AAA will fail in a certain time period (AAA.fail) and another to speculate that AAA will survive (AAA.win). Every month or 3 months AAA.fail and AAA.win could have an IPO of a specific number of shares. They both start out as 1BTC to 1 share for each ticker. The contracts would say that the money from the .fail and .win sub accounts will be pooled together and if AAA becomes insolvent in that time period then the people that own AAA.fail receive a payout from the pooled money. If AAA is still solvent after that time period then AAA.win receives the payout from the pooled money. The asset creator could charge a percentage of the payout for management fees. |
|
|
|
Someone talked about this before and I suggested that people not vote but instead speculate with money. It would be basically a bet on if the company defaults and/or goes under. People that own shares or are customers of the company and are taking risk by using the company can hedge that the company will fail. Meanwhile, speculators can take the other side of the bet that the company will stay solvent in the time period set by the contract. With enough volume, companies that meet many of the solvency tests would be indicating in the price of this bet.
Ah so we're talking about a prediction market, this idea has worth. How would people who predict that an asset is good cashout? Have the contracts that a company becomes insolvent expire after a certain amount of time, maybe each month or every quarter. For example, say I own shares of AAA on GLBSE but I am afraid it may become insolvent. I go to the prediction market and buy a contract that says AAA will become insolvent which expires in 3 months and if it becomes insolvent then the contract holder is paid x amount of BTC. On the other side of the trade is someone that believes that AAA will not become insolvent by the time the contract expires. The buyer of the contract pays the seller a premium. If AAA does not become insolvent by the expiration of the contract, the contract becomes invalid and the seller of the contract profits by the premium. If AAA does become insolvent before the expiration then the seller of the contract is required to give the buyer of the contract a certain amount of money as stated in the contract. If the market is liquid enough the buyers and sellers could sell or buy back their interest anytime to other people. |
|
|
|
Just correcting misinformation as I see it for the good of the community. I do love the "take my ball and go home" approach to having your flaws pointed out though. Hopefully Nefario can get something accurate in place soon. This is definitely a metric the community would benefit from if done correctly.
How did I "take my ball and go home"? I stated I will correct any information that was incorrect and even said for you to keep adding any rebuttals if you disagree with what I posted. I will update the OP again next week with new dividend payment information and MergedMining should be on the list as it should be paying out soon. |
|
|
|
Your information is wrong. MergedMining has never paid that low of a dividend per share... Looks like A) you aren't a shareholder B) you didn't do your homework very well.
<rant>Sorry for the 'tone' of this message, but it really bothers me that I am constantly having to take the time to correct information that people post about MergedMining due to their lack of ability to actually perform decent research. Please people, if you are going to attempt to provide the community with information, make sure you actually know what you are doing.</rant>
No problem, I see what might have happened. During the migration from 1.0 to 2.0 the history was not moved over, but if my records are correct I was paid 0.1921980 BTC for the 302 shares I had at that time. That is 0.000622 BTC per share I had. Also, here you state that 6.22 BTC was paid. With 10,000 shares that is 0.000622 BTC per share. The previous dividend on 3/19/2012 was for 0.00128976 BTC per share. How much did you send per share? I can update the information if what I have is incorrect. My apologies in advance for sounding like a dick, but this is more wrong information. We pay 0.001 BTC per week per share and it has been this way for quite some time. You basing the dividend % off the total number of shares created shows that you don't understand how dividends work on the GLBSE and perhaps someone else should be in charge of providing the community with this information. No disrespect, but misinformation on public forums is not helpful to anyone in the community. Your current metrics skew the numbers in favor of assets who have exhausted their entire supply of shares, meaning the companies who have absolutely no "skin in the game" are getting higher ratings then companies that actually take a stake in their operation. Sort of backwards in my opinion. That is why I state that people should search the forums for differences in reason for discrepancies between the dividend rates between companies. For example, TyGrr only pays out 50% of profits after taking a portion to pay Goat and electricity. Unfortunately, you paid your most recent dividend not long before the switch to 2.0 so the record of that last dividend had to be estimated. I will just leave MergedMining off the list until next week when MergedMining pays a dividend on 2.0. I post this here as I already am doing this information for myself. You are free to post your own dividend information like I do, ignore this thread if you like, or post rebuttals to any information I post. |
|
|
|
As I mentioned before, GLBSE won't actually BE ABLE to rate these (we don't have the time or resources, or indeed the understanding).
What I'm proposing is that GLBSE build and run a rating system (but we don't do the actual rating)
Who should?
I don't think it should be like a public vote, we're not a democracy here. If users are just allowed to vote for the one they think is good it just becomes a popularity contest, which doesn't help anyone(and certainly doesn't make share ratings better either).
I do think however that the community should be involved, so what we might do is have a board of raters, several people who are allowed to rate assets. I think it would be fair to have GLBSE shareholders (that is, all shareholders on GLBSE itself, not shareholders of the GLBSE asset) should be able to vote for who they want to be a rater.
How they rate assets I have no idea, I think we'll need some sort of auditing. How would we implement this, I don't know.
Someone talked about this before and I suggested that people not vote but instead speculate with money. It would be basically a bet on if the company defaults and/or goes under. People that own shares or are customers of the company and are taking risk by using the company can hedge that the company will fail. Meanwhile, speculators can take the other side of the bet that the company will stay solvent in the time period set by the contract. With enough volume, companies that meet many of the solvency tests would be indicating in the price of this bet. |
|
|
|
Would you guys like me to add a rating system for assets?
Ala mood, S&P etc.
How/who would rate them because even if I build it, I won't have the time to do the actual rating, I'm struggling with getting everything else done as it is.
Idea's welcome.
Awesome idea. some of the things I'd like to see implemented into this rating are: does the asset have a clear definition of what goes into dividends (x% profits from mining/arb bot/other, x% to growth, x% to CEO, etc) does the asset have a clear definition of when dividends get paid paid last x dividends on time does the asset have an open book to allow open audits (mining asset with statistics site, investment co that publishes last months trades, etc) clear definition of what happens to assets if/when the company goes offline (hardware sold and funds dispersed, existing capital distributed, shares/bonds purchased back by company, etc) contingency plan on file with GLBSE in case asset creator gets hit by a bus/meteor/alien abduction has other online verification (facebook, ebay, otc, linked-in, etc) has meatspace verification (photo with ID and shoe on head, verified physical address, etc) Most of this is usually covered by the contract, or on the assets forum post, but having it more standardized would be great. If GLBSE doesn't yet hold contingency plans, then this would be a great new addition I think. I don't think it is a good idea. If a contract crashes and GLBSE says it is investment grade then it will be GLBSE that may be held responsible by investors. Also, how could GLBSE take money for listing a contract on the exchange and then rate them as below investment grade? I say a third party should do it and it should not be centralized but instead allow individuals to rate the assets themselves. |
|
|
|
Your information is wrong. MergedMining has never paid that low of a dividend per share... Looks like A) you aren't a shareholder B) you didn't do your homework very well.
<rant>Sorry for the 'tone' of this message, but it really bothers me that I am constantly having to take the time to correct information that people post about MergedMining due to their lack of ability to actually perform decent research. Please people, if you are going to attempt to provide the community with information, make sure you actually know what you are doing.</rant>
No problem, I see what might have happened. During the migration from 1.0 to 2.0 the history was not moved over, but if my records are correct I was paid 0.1921980 BTC for the 302 shares I had at that time. That is 0.000622 BTC per share I had. Also, here you state that 6.22 BTC was paid. With 10,000 shares that is 0.000622 BTC per share. The previous dividend on 3/19/2012 was for 0.00128976 BTC per share. How much did you send per share? I can update the information if what I have is incorrect. |
|
|
|
When the famous popular ID collapse into a scamming scandal, I will review this post.
You don't need to go around thinking you are a bitcoin Superman trying to stop Lex Luther. It is not that big of a deal. If you trust Goat 100% then give him all your money. If you don't trust at all then don't waste your time being worried about him.
What a fantastic mentor you are for telling me what to do. Thank you. But no. You can summarize your opinion in a short pharze: shut up about Goat! You have investment in the bill issued by the famous popular fairy and working-for-government-trustworthy ID, and the high rate of return very probably is coming from the capital investment from the people who came in later than than you, but not likely from the operation cash flow. Any suspicious is a danger for your investment. A Ponzi scheme is vulnerable in nature, you know that. That is the reason why you tell me shut up. I guess you should follow the suggestion you gave yourself. you trust it, listen to it. If you don't, don't waste your time being worried about me. Actually I don't invest in IPOs or anything until I see a history of profits. I am more worried about other risks of operation as described above rather than Goat's reputation right now. Happy investing to you. |
|
|
|
I was thinking of adding Cognitive but as Garr stated that they were tests I did not want to post information that may be misunderstood. Looking at the page linked it does not list any things that could generate bitcoins as being owned or rented by Cognitive. I will just wait until they release actual dividends from the mining rigs just like I am waiting for BTCSYN and RSM to also do, unless Cognitive sends out another dividend and does not list them as tests again. I think Garr said in a few weeks the mining rigs will be up. I am a shareholder in Cognitive so I will know when that happens. |
|
|
|
|
Show Posts
