Thank you for the livestream, DeaDTerra. Will the presentations be in English or in Swedish?
No problem  The whole event will be in English, so even if you don't know swedish you can watch  //DeaDTerra |
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Hi! The event starts tomorrow at 5 pm, gmt +1. The event information can be found here: http://www.meetup.com/Safello/events/135210812/?_af_eid=135210812&a=uc1_vm&_af=eventThe schedule looks the following: 17:00 - 17:30 Networking There will be refreshments, courtesy of Stanford Alumni Club. 17:30 - 17:50 Intro to Bitcoins An intro to the world of crypto currencies and some latest developments in the space. - Ludvig Oberg, early Bitcoin investor and Gamma Fund Founder 17:50 - 18:10 Use case Bitcontracts An overview of startup Bitcontracts that is working on their colored coin concept. - Henrik Hjelte, Bitcontracts 18:10 - 18:30 Use case Safello An overview of Swedish' newest exchange Safello and an insight into its regulatory challenges. - Emil Oldenburg, CTO & Gustav Roken, CFO of Safello 18:30 - 18:40 Research results Summary presentation of research results "Breaking Out of the Bank in Europe - Exploring Collective Emergent Institutional Entrepreneurship Through Bitcoin" ( http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2263707) by Stockholm School of Economics. - Robin Teigland, Associate Professor and Director of PhD Business Administration Program at Stockholm School of Economics 18:40 - 20:00 Networking After the presentations there is more time to network and discuss Bitcoins. We look forward to a lively debate and a great networking opportunity for everyone involved or interested in the crypto currency space. The whole event will be lived stream for the people who are not able to attend. http://new.livestream.com/accounts/5180930/events/2354191You may use this thread for discussions regarding the event and the stream. Enjoy! //DeaDTerra |
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Keep in mind BitFunder and whoever is managing the PT now has been very unresponsive, late on dividends, etc.
The price difference isn't such a random thing.
I am usually quite responsive The PT has now been handed over to Ukyo. Hopefully he will be able to offer faster dividends and better transfers in and out. //DeaDTerra |
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Email has been handed over to Ukyo,
Together with the information needed for the transfer.
The transfer request will be sent today.
Issue has been fixed and the dividend has been paid.
//DeaDTerra
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I have been trying to get a hold of Ukyo for weeks now.
I call him almost every day, I contact him on skype, contact him on IRC etc.
The reason why I have not paid out the dividend is due to a flaw in the system which he must correct before I can pay the dividend.
The reason why the transfer is not complete is due to that he must transfer the asset onto his name and account before I can transfer the shares or I risk breaking the contract.
Please do not send angry PMs to me, there is nothing I can do.
These issues must be solved by the owner and operator of BitFunder, Ukyo!
So please contact him about the issues and not me.
When he has solved the flaw in the system, I will pay the dividend (I already have the BTC ready).
When he has transferred the asset onto his account, then I can transfer the shares and we can start doing imports/exports again.
//DeaDTerra
fuck? he is on irc probably once a day just give me all shares, ill take good care of it. Yes every time I contact him, he doesn't answer or is busy. I have now sent him a message on skype and IRC requesting that the transfer will be finalized within 24 hours and the flaw with the dividend fixed. Hopefully he will come back and actually listen to me this time. //DeaDTerra |
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I have been trying to get a hold of Ukyo for weeks now.
I call him almost every day, I contact him on skype, contact him on IRC etc.
The reason why I have not paid out the dividend is due to a flaw in the system which he must correct before I can pay the dividend.
The reason why the transfer is not complete is due to that he must transfer the asset onto his name and account before I can transfer the shares or I risk breaking the contract.
Please do not send angry PMs to me, there is nothing I can do.
These issues must be solved by the owner and operator of BitFunder, Ukyo!
So please contact him about the issues and not me.
When he has solved the flaw in the system, I will pay the dividend (I already have the BTC ready).
When he has transferred the asset onto his account, then I can transfer the shares and we can start doing imports/exports again.
//DeaDTerra
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New price at 0.0067 BTC per XPM.
Currently looking to buy 3000 XPM.
//DeaDTerra
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New price at 0.007 BTC per XPM.
//DeaDTerra
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I know IceDrill is still in their IPO phase, but its kind of scary when you look at the current share distribution now during "phase 3", where the majority is supposed to be sold... Top 1% of share holders currently own 85 % of issued shares...  IceDrill.ASICTotal shares: 30 000 000 Shareholders: 427 Average share per owner: 70 257 Top 1% (4) shareholders: 15 500 000, 7 000 000, 2 182 855, 750 804 Sum top 1% (4) : 25 433 659 (85% of total)Compare that to ActiveMining or AsicMiner: ActiveMiningTotal shares: 6 898 797 Shareholders: 700 Average share per owner: 9 855 Top 1% (7) shareholders: 642 022, 261 514, 243 573, 219 275, 177 280, 160 568, 154 360 Sum top 1% (7) : 1 858 592 (27% of total) G.ASICMINER-PTTotal shares: 13 525 Shareholders: 396 Average share per owner: 34 Top 1% (4) shareholders: 1 345, 865, 740, 659 Sum top 1% (4) : 3 609 (27% of total) You're being a bit unfair there. If you look at ASICMINER you have to compare to the actual company not one pass-through. Bitfountain hold over 50% of the ASICMINER shares. And you're counting in treasury shares for Icedrill there - which distort the picture during IPO. No idea what current share model ActiveMining have but last time I looked Ken (plus friends/family) was still getting 40% or so of all shares. Beyond that I think it's fair to say investors are starting get mining-share-fatigue now : there's just been too many new offerings where people will make investors rich from mining/ASICs in return for a mere 10-50% of whatever gets mined/sold (Icedrill no longer falls in that particular category after the changes to the contract). Now that those who just wanted to throw away their cash have done so it's much harder for new mining outfits to raise funds. After the contract changes and clarifications my view is that Icedrill is one of the better value offerings out there IF you believe mining will be profitable. My sole remaining signficiant issue with it is that it gives away equity as means of taking management fees. Whilst one of the main problems with that has been addressed with the contract changes, it's still a horrible way to do things - leading to significant issues if there's a change in management team (this may have been addressed in whatever contracts managment have with Icedrill - but no disclosure has been made in respect of it) or closure. To clarify, The account that holds the shares is the issuer account, 5.5 million of those shares are additional shares that will be paid to bulk purchase investors. Please also read the changes of the IPO and how this effect the share count, it is important for the point you are making. //DeaDTerra |
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Still buying at 0.0081 BTC per XPM.
//DeaDTerra
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I am working on the changes of the first pages Sorry for taking a while, I wanted to finalize the changes before fixing anything. Any chances made has been marked red in the document below https://docs.google.com/document/d/1_uecYI2qlr_I3vj0VVG0E5F9_x_V0mBebeYpAvNZnl0/editI tried to keep it short and simple, if you think a extensive explanation is needed just ask and I will try to explain it in more detail in the document. //DeaDTerra |
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Given the risks involved with non-completion of batch 3 of the original IPO, we negotiated a new deal with Hashfast which allows us to raise funds in a more realistic timeframe while getting enough capacity for a smaller sized farm (less risk) as an entry-point for this project. The objective is to scale from a smaller size using the 25% reinvestment component to grow the assets to a more sizable state. With this new deal, as we take less bulk capacity, the pricing was slightly less favorable. However, this is the cost of mitigating the capital risk of going big. Subsequently, with a bleaker pricing situation, we do not want this to affect the public shareholders. Hence, the private shareholders sacrificed a part of their share to pay for this price change hence the change in the ratio of public and private shares. To make sure we keep the 10/Mhash, we are scaling up the percentage of ownership and in accordance with the deal change with Hashfast, we no longer need to sell all of batch 3. If batch 3 does not fully sell we will rebalance the private to public shares and decrease the private shares even more so that we can keep the 10/Mhash per share starting point. Lastly, with the new deal with Hashfast the new maximum amount of shares within the structure is 36.3 million (363 Thash @ nominal clock speeds). We would like to sell a total of 25.5 million shares while reducing the private shares to approximately 30% (down from 40%). This ultimately means we increase the percent owned to keep the shares at 10/Mhash (equivalent starting mining power for comparison) each and we would then subsequently reduce the amount of privately held shares to pay for the bulk purchases and price changes with Hashfast.  //DeaDTerra |
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I am about to go offline. Any additional questions will be answered tomorrow //DeaDTerra |
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Buy back has been cancelled.
The third batch has been issued and the ask has been placed at 0.0016 BTC per share. 7 Million shares will be put up, please note the change in hard limit.
//DeaDTerra
Well OK 7Mill is not 12Mill that's clear. So what's happening with the other 5Mill shares? As stated previously we are scaling down on the operation. Hence we will adjust the percent of profit so that each share is still worth 10 Mhash. Please read the section about the changes to the IPO due to the hf deal changing for details. https://bitcointalk.org/index.php?topic=269216.msg2917934#msg2917934//DeaDTerra |
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Buy back has been cancelled.
The third batch has been issued and the ask has been placed at 0.0016 BTC per share. 7 Million shares will be put up, please note the change in hard limit.
//DeaDTerra
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New price set at 0.009 BTC per XPM.
//DeaDTerra
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The option to sell back your shares will be closed within 12 hours.
If you wish to use that option please do so now.
//DeaDTerra
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