UPDATE:I have just placed the order for our BitForce SCs from Butterfly Labs. We should be near the VERY top of the list. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) EDIT: First to order SCs confirmed by Butterfly Labs.
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That, and it's rewarding people who have been hoarding their coins, who are not exactly the people who have been supporting the currency as a method of payment (treating it more like a speculative investment). I like the idea of supporting Bit-pay, but otherwise this BTC only payment stipulation is awkward and arguably unfair.
Bitcoiners complaining about having to buy something with BTC is almost as absurd as saying people who have BTC to spend aren't supporting the currency.
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Sounds good. I especially like the part where they don't take anyones money so far in advance.
I wish they'd take my money now so I could go on with my Saturday.
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A feature I think of is fees for both sides of a trade, instead of fees only for the initiator.
I think it would improve liquidity as we won't be tempted to wait for others to fill our order (and it would improve your revenue Nefario).
I think the exact opposite. Without encouraging people to have open orders there would be no liquidity because there would be no reason to leave an order open. Instead of paying fees, anyone buying or selling would have no order volume to buy or sell into, which would end up costing far more than the trading fee.
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should we insure the hardware? we could do this via dividends in the future.
I really don't think it is necessary. Insurance will only protect against theft or something like flooding or a house fire. I have several large dogs, guns & a house alarm to deter theft. I also do not live in an area where flooding is a problem and hope that my house doesn't catch fire. The major concern would be the product breaking, at which point we'd be dependent on BFL's warranty program. So personally, I think insurance would be a waste of money. That being said, we can definitely vote on it if enough shareholders are interested.
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- The trade in upgrade option is built into the order form.
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Will the BitPay payment form support trading in Singles? Can I specify that I want to trade in a Single and only pay you $700 in btc right now for a SC Single?
+1
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I'd offer 20 ounces and a few BTC.
Are you offering or are you suggesting? I was saying I'd give someone 20 ounces of silver for a BFL Single. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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UPDATE: More than 5GH/s has now been ordered for this operation.
So what exactly is the situation. Is this additional hardware or is nothing currently mining? What is the ETA to be mining / anticipated dividends payout? We have several units on order with Butterfly Labs currently. A couple of the units were ordered 5+ weeks ago. I'd imagine we'll have them whenever BFL completes their next production run. If I can get one sooner from a 3rd party for a reasonable price, I will do so. No matter what happens, I'm planning to start paying dividends in some form starting in July.
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I will take 40 ounces for one single.
Let me know.
I'd offer 20 ounces and a few BTC. 40 ounces is more than double the price of a single...
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I'm more greedy than skeptical.
Also with a bit of an honest streak.
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UPDATE: More than 5GH/s has now been ordered for this operation.
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The graph only shows bid/asks which are within 15% of the best bid/ask.
yep, it's perfectly fine, clear & useful - I wish that GLBSE would do this too. I've asked for this feature before & others agreed that your charts without it are useless atm, can you implement it or state why not, thanks. A good useful chart A bad completely useless waste of space chartPS - why don't you reply to my emails about releasing the 130 BTC from my balance that has been unavailable to me for about 2 weeks now! Doesn't Nefario work with the Intersango folks? It seems like this should be pretty easy to implement, given that Intersango is already doing it.
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I only got 100. This is an outrage! ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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i would suggest, that at there should be a reserve in bitcoin totaling at least 10% of the ognastys market capitalisation to hedge ognasty against volatility and another 10% in dollar/euro.
i don't mind if you pay out dividends at all, i would even prefer to not beeing payed dividends if the aquisation of capital could be neede in the near future, cause own earnings are much cheaper than taking a loan, offcourse.
So i would prefer the paper-only earnings rather than dividends. but this is anyway something that needs to be discussed by the shareholders! (dividends vs. capitalparking is always the main issue at stockholder meetings)
I like those ideas, and I agree that they would be best for the long term growth of the company. Once we start seeing some profits I am definitely willing to put up a few motions to see if shareholders are interested in taking a portion of the profits and using them to invest or save. When it comes to what to do with the profits, it is up to the shareholders. Most will want dividends, but I could see a motion to use a % of profits for a transparent investment portfolio passing.
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quite a few of the mining bonds sold here are with the intent to use the funds from the bonds to purchase equipment. NASTY, for a recent example. NASTY is a share of a mining company, and not a bond. Although I understand the confusion in the way the IPO was structured to be 1MH/s per share. https://bitcointalk.org/index.php?topic=86854.msg972853#msg972853
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