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1501  Economy / Securities / Re: [ANN][SLC][CRYPTOSTOCKS] The Microcash Large Asset Fund on: March 14, 2013, 01:16:42 PM
The Microcash project has been dormant a while but development has begun to ramp up in the past month.  We may actually see a release!


Translation: Realsolid has come back out of the woodwork now that BTC is at an all time high and attracting alot of media attention and crypto newbies ripe for the slaughter.

Just a coincidence though and i'm sure he'll come up with some great story about how he got hit by a bus so was out of commission for 6 months and has only just recovered..  Grin

I wouldn't hold my breath for him to return the BTC 'donated' to him so he could work on development either.
1502  Economy / Securities / Re: [BitFunder] Asset Exchange Marketplace on: March 14, 2013, 07:24:28 AM
I added an option under settings to not display asset graphs.

Give it a shot and tell me if that makes life better on the site for you. Smiley

Works great for me - now just need BTC-E to start working again and I can make the spread on the LTC asset a lot smaller.
1503  Economy / Securities / Re: Official Exchange-Spot Investment Support Exchange.ESIF ESIF ESBM on: March 14, 2013, 06:23:34 AM
I thought that it would create an intrest in the asset.  figure give the early adaptors a little more return because they took the risk to move forward with us.  It you notice they climbed from very small numbers at lower prices to increase the numbers of share as they got higher.  There are some dips in there where people put assets up for sale for under what they bought them for. Guess they must of have another idea.  So when you see large drops in price that was not me selling them as large discounts that was other users.  My idea was a nice climb to a price that people believe they are worth. 

It's supposedly a fund.  You don't price based on what people "believe they are worth".  You price based on the value of the held assets.  If supply is unlimited (i.e. you'll sell as many as you can) then you sell at NAV/U.  If supply is limited (you only sell X per month) you sell at a MINIMUM of NAV/U - with the market setting a premium if they believe it's warranted (demonstrated by orders exceeding supply and the price being bid up prior to release of each batch).
1504  Economy / Securities / Re: [BitFunder] Asset Exchange Marketplace on: March 14, 2013, 06:19:02 AM
I think it's very unreasonable to get people to use another browser just for your site.

I was only asking to test if it was an issue with firefox so I can check into memory leaks regarding firefox and the chart.
Any help is greatly appreciated. Smiley

Issue doesn't appear to be a memory leak to me - I've had the monitor up during the lag and theres no real increase in memory usage by the process.  Sometimes nothing seems to be happening, but a lot of the time it appears to be waiting for a response from either google analytics or raw.github.
1505  Economy / Securities / Re: [BitFunder] Asset Exchange Marketplace on: March 14, 2013, 06:14:29 AM
That is very interesting.

Are you all using firefox?
Would you guys be willing to try chrome to see if it happens there as well?
I wonder if there is a memory management issue with firefox.
I could even make a chart option to limit chart data to X days/months.

The old graph worked just fine for you for loading, right?


And yes, I have a laundry list of profile  options I will be popping up son.
I may go ahead and add a charting option tonight if it is that bad.


Also Deprived,
When accessing the CRYPTO.LTC asset page, does the custom btce graph lag you also?
My original intentions were to upload 100% complete historical btce data.
I was debating against it last night because it would just be so much data.
Also considering just limiting the btce graph to last 3~7 days.

I didn't look at the graphs at all - as I had BTC-E open already.  I just scrolled down to orders area, put some orders in, waited 10 seconds for page to load between each one, then cancelled them as LTC can move a few percent in 10 seconds and the lag was preventing me keeping my BTC-E orders updated.

Just tried Chrome and can confirm there was zero lag of any significance there - so problem does seem to be Firefox related.

Also just tried looking at the BTC-E graph for the LTC asset.  Once the graph has initially loaded it's fine for swapping between tabs.  Problem is that I spend more time loading pages then sitting on them - I go to an asset to do trades.

Unfortunately I can't really swap to Chrome as that has problems with Flash which is used on other websites I tend to have open.  Could keep multiple browsers open at once I guess, but have had problems when doing that before.
1506  Economy / Securities / Re: Official Exchange-Spot Investment Support Exchange.ESIF ESIF ESBM on: March 14, 2013, 06:03:24 AM
I'm pretty sure pokey referred that as the "blanket buyback from asset issuer" instead of 'request a buyback'.

Probably, yeah - but he said it in response to my question of how he provided liquidity.
1507  Economy / Securities / Re: Official Exchange-Spot Investment Support Exchange.ESIF ESIF ESBM on: March 14, 2013, 06:00:37 AM
As this investment states it is held in US dollar denominations within US stock markets.  So returns are going to be based in dollars.  Now with the quick rise in btc value as of late it does create a situation that will product smaller returns with the aspect of btc percentage of return, as it will do the exact opposite and create greater returns when btc decline.  In our activity report that we have posted you can see the average cost of btc when shares were purchased from us.  Our thought would be that the investor will set the price on what they are willing to invest for the return that we are providing.  I believe you have made a good point that with this rise in value of the btc  that we need to offer unsold shares at a more comparable price to where they have been selling in relation to the value in US dollars, since that is how that money is held in investment. 

We do offer buyback on shares for 110% of recent trading price as listed in the asset page.


110%?

So I could buy a laod of your shares - getting the recent trading price to what I paid.  Then sell them back to you for 110% of what I bought them for?  We could just simplify it and you send me 10% of some arbitrary amount and save all the hassle ...
1508  Economy / Securities / Re: Official Exchange-Spot Investment Support Exchange.ESIF ESIF ESBM on: March 14, 2013, 05:58:50 AM
He could be buying put options of BTC, but I have a feeling there's nothing but hot air behind this.

Surely he'd need to buy calls, not puts - and the premium on those would exceed his supposed profits anyway.
1509  Economy / Securities / Re: [BitFunder] Asset Exchange Marketplace on: March 14, 2013, 05:32:49 AM
I'm having an issue viewing the chart on any of the assets.
After about 10 seconds the scale of the Y2 axis changes to be the same as Y1. It ends up scaling the line graph off the chart area.
For assets with high trade volumes like G.SDICE it also causes the browser to become unresponsive for 20 seconds or so.

Using Firefox 19.0.2

Code:
A script on this page may be busy, or it may have stopped responding. You can stop the script now, or you can continue to see if the script will complete.
Script: https://bitfunder.com/assets/js/highstocks/highstock.js:8

Hope it helps.


+1

Both in my laptop and PC, using Firefox.

+1, chart page with S.DICE loads very slowly and eats 100% of my CPU power for like a minute or so. It's getting worse each day

Can confirm that the graphs are still an absolute nightmare - often locking up for a few seconds on page loads.  Only had one long locku (20 secs+) recently though.

I also notice it delaying on accessing Google analytics at times - not sure why we need google tracking our very movement, but have found that to be a bit of a bottle-neck on some other sites as well.

An option to disable the graphs would be nice - I never use them anyway (I have a memory to remember what's happened in the past - and find transaction lists faster for finding out specific data anyway).  Some profile option to totally disable them would be great.

I deposited some LTC with the intention of market-making on your LTC asset, but with the graphs making pages take so long there's just no way I can set prices in a fast-moving market.
1510  Economy / Securities / Re: Official Exchange-Spot Investment Support Exchange.ESIF ESIF ESBM on: March 14, 2013, 05:16:17 AM
What doesn't make sense with your fund (and ONE of the reasons I was - and am - sure that it's either a scam or a disaster) is that you sell BTC-denominated shares/units, invest in USD-denominated assets but your share/unit price doesn't alter when the BTC/USD exchange-rate changes.

If your fund sells units at 1 BTC each, converts that to USD and then buys shares, then BTC doubles vs USD.  Guess what?  Your units are each now only backed by 0.5 BTC of assets and should be priced accordingly.  But nowhere have you been reporting such changes, let alone reflecting them in your selling price.

Which makes you either utterly incompetent or a scammer.  I'm open-minded on which - if you have a preference or would like to argue the case for one or the other.

Your old .pdf, when you launched the fund had a list of monthly results going back a year or two (percentage profit per month) - yet totally failed to say in what currency this supposed growth was measured.  If you're asking people to invest BTC then you need to show BTC results - it's entirely profit (indeed, likely) to make a profit in USD but a loss in BTC.  Paying out dividends whilst losing NAV/U at a faster rate is NOT making a profit (no matter what most mining companies think).

Are you seriously going to set the price of a unit at 1 BTC - when the assets held are valued in USD?  You should either float the price based on most recent valuation OR define the price in USD, update it (in BTC) as exchange-rate moved and dividend our any extra profit from growth of the held assets (or retain part of the profit from options if the underlieing asset value changes) to keep the price fixed.  You CAN'T set a fixed price in BTC without ending up doing some mix of diluting existing units when new ones are bought OR over-charging new purchasers so they immediately take a loss (in terms of asset value compared to investment) when they buy in).

Oh - and what is your policy on buying back units?  A fund should provide liquidity by buying back units at somewhere near selling price - otherwise it isn't a fund, it's a black hole which sucks in BTC.
1511  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 12, 2013, 01:04:35 PM
I consider 0.6 BTC/share to be overpriced, therefore a risky investment. But that is just my opinion. I tend to be conservative. Other investors might think differently.

How can 0.6 BTC per share be overpriced?  In no way thats true. I got 0.02135376 BTC per share in each of the last 2 weeks. 52 weeks with this are 2.22BTC.

Your math completely fails to take into account how quickly difficulty is going to rise.

Look, even friedcat estimates that ASICMINER will average only 10% of the global hashrate over the year. It means each share will bring: 25 (coins/block) * 6 (block/hour) * 730 (hours/month) * 9 (months) * 10% / 400k (shares) = merely 0.25 BTC of revenue between now and Dec 2013 (1/10th of your "2.22 BTC" estimate!)

Plus the 0.25 BTC of revenue per share assumes 100% of the mining revenues are going to be distributed to shareholders. We know this is not going to be the case given friedcat's plans (he will reduce the dividend).

And in 2014, all bets are off. ASICMINER's efficiency (130nm chip) is relatively bad compared to other ASICs (55-65nm). They are not hosted in a country with low electricity prices. I can't see how they will remain profitable in 2014. Plus I think 10% of the global hashrate is itself an optimistic estimation for 2013.

This is why I think 0.6 BTC is overpriced for a share that definitely will not return more than 0.25, maybe 0.3 or 0.4 BTC if being overly optimistic.

The only possible justification for a price of 0.6 BTC/share is if you assume that ASICMINER is going to plan to build a more efficient chip, and if they are going to succeed, and if they are going to deploy and ramp it up as fast as (or faster than) the competion. But at this point it would be a very speculative gamble. There are too many "ifs" for me.

Best you tell us what percentage dividend/month it is that you think is the barrier below which something is totally unthinkable.  Becasue from where I'm standing if we took that .25/share in 9 months and instead made it .25 a year (i.e. taking out 25% of mined coins for costs and development/expansion) investors still get 2%+ per month on a share price of 1 BTC and not far short of 4% on a share price of .6 BTC.  Which to most people is pretty decent.  Do you want to try making a list of companies returning more than that?   It would be a pretty small list.
1512  Economy / Securities / Re: [BTC-TC] Community Exchange with DRIP, YUBIKEY, GAUTH [HTTPS://BTCT.CO] on: March 12, 2013, 06:38:34 AM
Yeah, like BitFunder trading doesn't need to be frozen.

Well, in fairness situation could be different.  From BitFunder's message I'd assume they received no deposits during the split - so have absolutely zero risk.  if BTC.CO received a fair bunch of deposits then I guess halting all activity could be easier than manually disabling/rescinding deposits for all the recipients.  Even messier if some of them already spent (or transferred) BTC that are now in the wrong fork and hence could be double-spent.
1513  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin Dev. Team ? on: March 12, 2013, 06:04:40 AM
If they had upgraded to use LevelDB like 0.8 then the same event would have happened if Litecoin had more users. Only worse.

is there a reason why liecoin hadn't been upgraded ?

Yeah - we like to try things out on our test system (Bitcoin) before deploying them Smiley
1514  Economy / Securities / Re: [BTC-TC] Community Exchange with DRIP, YUBIKEY, GAUTH [HTTPS://BTCT.CO] on: March 12, 2013, 05:58:22 AM
I've been reading about the issue and I'm convinced that we should wait until the two forks of the blockchain have merged before we re-enable trading.  I'm pretty sick today, (damn cold) so it's going to be hard, but I'll try to stay up until I can safely flip it back on.  If I pass out I'll re-enable trading first thing in the morning.  (PST)

Cheers.


Trading shouldn't be an issue.  Only possible problem would be with any deposits made to the site that were processed since the split (as potentially, if on the wrong side of chain) they could be double-spent on the right side.  Unless you received deposits in that hour or two everything should be fine (withdrawals are fine - unless YOU double-spend them).

Withdrawals/Deposits need to be disabled for now - but no reason for trading to be (if anyone DID receive a deposit then you could remove it from their account temporarily).
1515  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 12, 2013, 04:50:19 AM
Will this mess cause the difficulty to increase less the next time it changes? Or will it not have an affect (or only a marginal one)?

It should cause it to rise by less.  It will also mean next difficulty change will take longer to reach - so more blocks mined at the current difficulty.  To that limited extent it helps ASICMINER - but that's offset if BTCguild were previously mining on the v0.8, as all work done on the (soon to be) orphaned part of the chain will be lost.  Depends a bit on the pool's policy for paying for orphaned blocks as well.
1516  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 12, 2013, 01:35:45 AM
That would be for 6TH: $1,011,202.39 per month and selling these 6TH would cost at least $8.089619,12 (when taking the mining revenue of 8 months only into account)
and for 62TH: $10,449,091.37 per month and selling these 62TH would cost at least $83.592.730,96 (when taking the mining revenue of 8 months only into account)

I think you'll find that if they added another 56 TH then network hashpower would also rise by 56 TH.  No way they'd be able to do that for a month without difficulty rising.  Having 10 times the hashpower suddenly only gives 10 times the income until next difficulty adjustment.
1517  Alternate cryptocurrencies / Altcoin Discussion / Re: Novacoin Wall Observer - BTC-e wall tracker on: March 12, 2013, 12:24:11 AM
Not only did Namecoin beat Novacoin in the race to .01/BTC. but so did Litecoin...

Think even Solidcoin may have got there once - probably a better coin to compare NVC with anyway.
1518  Alternate cryptocurrencies / Altcoin Discussion / Re: Novacoin Wall Observer - BTC-e wall tracker on: March 12, 2013, 12:12:00 AM
Just had a look at NVC/BTC and not seeing a wall anywhere.

Think OP is getting confused - the "Total BTC: 274.27363826" at the top is NOT a wall, it's the total of all bids in the entire order book (including ones at tiny values which will be cancelled WHEN the price gets down near them).  If they all cancelled their bids and placed them at same price THEN there'd be a bit of a wall.  But then they might end up having to actually buy some.
1519  Economy / Securities / Re: Biz27B-6 on Bitfunder - 100% scam on: March 11, 2013, 11:25:41 PM
Hey,

I like his idea.

What if I make the asset a private listing.
Not listed on the market, and only shareholders can even view the asset page / interact with it?

That would be a good thing.  New investors could get their first share(s) by transfer (payment would be off-exchange anyway) then thereafter trade with one another.  It would reduce clutter for the rest of us - and prevent anyone trying to get listed with the intention to sell to the public by claiming it was just for private management of shares.

Only shareholders should also see news-releases from it.  If the issuer wants to market to the public then they can give disclosure sufficient to make informed investment decisions like most of the other companies do.
1520  Economy / Securities / Re: Biz27B-6 on Bitfunder - 100% scam on: March 11, 2013, 11:21:56 PM
No, I didn't misunderstand your point. You want to make the exchange be an arbiter of what is acceptable or not, instead of allowing each individual make that decision for themselves. That is inherently authoritarian and leads inevitably to corruption.

Nope, I don't want to make the exchange the arbiter of what is acceptable or not.  I want the exchange to ensure companies listing provide sufficient information for investors to make that decision.

But requiring the exchange to define "sufficient information" is in itself a problem. Making the exchange get proof of information accuracy would be expensive and time consuming, a burden that isn't necessary. It would also expose them to the threat of lawsuits (or at least as much as can be done in bitcoinland). But if the exchange isn't required to have actual proof of the accuracy of the information, then why even require it? It would certainly be in the interest of most assets that are intended to be publicly traded to list all the verifiable information they can. But why not let people decide for themselves how much information is enough to decide? For most people, the lack of information itself should be sufficient to decide not to invest.

Well an exchange COULD go down that route - but Bitfunder wasn't.  Ukyo has already he said he's rejected a lot more listing applications than were accepted.  So clearly some level of information IS required - the problem, in your case, is that he may have that information but investors don't.  So listing yours whilst rejecting a load of others netiher meets what you'd like OR what I'd like.

You'd apparently like an exchange where anyone who paid the fee could list, correct?  

I actually DON'T oppose that.  What I oppose is one where a significant number of assets are rejected due to meeting unspecified qualifications then a couple that fail to meet any reasonable set of requirements to allow informed decisions by investors are listed.

Either have no critieria for listing (other than paying the fee) OR have a consistently applied set.  Once some restrictions ARE applied that it's important to apply them consistently - as investors KNOW there's a barrier to being listed and so being listed at all gives some degree of credibility.  When the information on which that credibility was formed is not disclosed (Ukyo refers to himself knowing information that the public doesn't have) then some investors are going to invest purely on the basis that they believe Ukyo in way endorses the offering (as he rejected a load - so clearly only accepts one he believes are OK).

Let's just look briefly at what would happen if things went the way you say you'd like - where the operator of the exchange made no judgment on submissions for listing.  There'd be a TON more listings on Bitfunder (pretty sure Ukyo said he's rejected more than he accepted) and most of them would be utter crap.  And when people see uttercrap getting listed, every scammer/HYIP/ponzi merchant would be running their own.  So you'd have page after page of listings with no useful information provided.  At that stage the ONLY things that would trade would be ones giving full disclosure - as with 50 listings like yours (no identification and no proof of anything) none would get any significant investment.  It would NOT help legitimate businesses that didn't want to diclose information - it would help scammers (as ANY sales is fine for them).  And legitimate businesses with proper disclosure would be buried amongst page after page of junk - though would still get a decent amount of trade no doubt.

IF Ukyo had intended that to be how Bitfunder was, then I absolutely would NOT have made this thread.  As there'd have been dozens or scores of assets with as bad or worse information provided.  And at that stage it would be obvious to even the most stupid investor that there was a lot of crap around they shouldn't touch with a barge-pole.  This thread was necessary (in my view) because there's only TWO such listings that have managed to get listed (the other one is so obviously a scam that it didn't even deserve a thread).

The reason I still believe yours is a scam is NOT because I'm sure you don't have a business (I'm by no means sure of that -and have said so earlier in this thread).  It's because by being for sale amongst a bunch of securities it's falsely being portrayed as an investment opportunity - when, to those who know nothing about it, it's at best a gamble not an investment.  Plus there ARE rather scam-like aspects of it (such as the accounting - where you may have some reason for doing it, but it no way then meets your claims of transparency anyway: shuffling funds between your own wallets is NOT transparent even if it were representative of actual economic activity elsewhere.).
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