Congnative lowered their dividend by 50%, and ~20% of the fund in made up of that 1 asset, so it is reflective.
This has decreased the overall dividend that the fund pays. But at the same time, this will allow Cognitive to purchase new hashing power in the future. Making sure that they will not continue to lose overall hashing power and the entire network grows. While true, it is not clear to me how the new non-voting shares help current holders with this reduction. I see it as a double dip. I see now as a time to liquidate Congnative while it has some value, as the non-voting shares will further dillute the float when ASIC units come online. Add in the 50% reduction to be used for the same purpose as the non-voting shares which become voting shares when ASIC units are purchased. |
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One thing that scares me:  The dividends are getting lower in each pay out. At the current level of dividends it represents a 7% yearly which seems very low. I know that in the future this will depend of the rentability of the underlying assets, which relys in serveral things like new mining hardware, difficulty, BTC/$ parity etc... Do you have any prediction about the rentability of the fund in the next 12 months or so ? Congnative lowered their dividend by 50%, and ~20% of the fund in made up of that 1 asset, so it is reflective. |
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Cool. Can you wrap it in a minimal design (nothing fancy at all, just centered div with border and background)?
Set it up on some server and I'll point my DNS towards it.
Also while you're at it you I suggest adding Google Analytics.
Ah, now you are changing the specs in the middle of the project  I'm not a web designer, so adding markup isnt really my thing. I'm not shure what you are asking with regards to the server. It looks like you want free hosting?  I've made the class availabel to you for download on http://bitcoin.gdsl.no/bitpeak.zip. Donation can be sendt to 1PHPJobsU1bRJh1UJk7HfwR2eHbuzhyd9P ( http://blockchain.info/address/1PHPJobsU1bRJh1UJk7HfwR2eHbuzhyd9P) Well, what I had in mind is someone setting this up on some throwaway server. I see the code is rather simple ... I guess I could have coded it myself and saved myself a bitcoin, but I'll keep up my end and send you that 1 BTC once I had a chance to check it out. Thanks! I will donate space for hosting if you didn't already have something lined up |
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yeah i'm not living in america where you sue everything that moves. lawyers here cost tons of money.
As much as vacations, neither of which you have |
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Unfortunately the difference between "scam" and "investment" when it comes to bitcoin is so thin as to be virtually identical. Bitfunder doesnt have a feedback system either so its difficult to know what is legit or not. Sadly most of it is shit.
I think the community needs the scams to mature, but I agree, I do not care to BitFunder that much, too hard to get enough info to make any choice, but this forum is giving us that opportunity. |
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Your shares are held in PURE BTC and your profits are paid out in PURE BTC.
While true, your profits are based on the conversion ratio at the time of sale from national currency to bitcoin, so if you profit $1000 this month, your dividend is ~33BTC, next month another $1000 in profit but the conversion ratio only yields ~30BTC, or maybe ~35BTC depending on what rate it all converts at. Like I said, I have nothing against your business model, but me personally, I am looking for what can give me a pure BTC investment with as little exposure to national fiat as possible. Getting 100% shielded from it is impossible I fear, but this is far from shielded to that exposure. |
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Mining stocks and maybe the bonds issued by them seem to be the only thing currently besides gambling that seem to be stable enough to survive in a bitcoin only economy.
How are mining investments more stable in the face of an unknown number of ASICs being released at an unpredictable pace? That is where doing your diligence comes in, those that invested in ASICminer look to be ok, the latest auctions at .4+ per share have a fair shot as well, maybe smart, maybe bag holders, only time will tell. Some of the miners have plans in place to convert to ASIC gear. Thinking about the bitcoin without the value in national currency is the only way to value them. This in my eyes is really a bond that pays a dividend based on profits converted back to bitcoin, so as the value of BTC rises and falls, so does the dividend. Your question is certainly a valid one, but the point I am trying to relay is my feeling of a good/bad investment, and I can't see how a share of profits based on currency values is good for the long term. I might be completely wrong in my thoughts, but it is a discussion I have not seen I would like to have, but maybe not in this thread, it's probably not appropriate to highjack. |
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Why does this look exactly like the ZigGap OP? Are the issues related? I'm thinking, they were written up by a PR man working for BitFunder (i.e. it might not be a 'bad' reason). Please inform! ty
Would guess they saw ZigGap sell a ton with no real plan, no record, no projections etc and figured they may as well copy the contract and get a load of BTC themselves. Heck I'm tempted to make an alt, register a domain and sell 50 million shares myself - just need to sell 10 million 'cheap' at an Early Bird price and people will just throw their money my way to get in on the 'bargain'. Have you gone through our products? We worked really hard on the site. We seek to continue the same level of quality that we are achieving now. What I see from your limited gfinancials is that you launched 3 months back and sales have declined ever since - suggesting once you'd tapped your initial fan-club of purchasers there was little revenue left to be had. Generally when investing I look for a company whose sales increase - not decline: hence my mention of projections. What dividend/share do you expect to be paid in March, April, May etc? That's the sort of information I'd like to see - but can't really fault you for not giving it given the willingness of the community to throw money at people who provide no information at all. We all saw how everyone got burned first time round doing that - guess it needs a 2nd round to drive the point home. Hopefully you aren't one of the companies proving how idea + marginally profitable business + investment does NOT automatically mean profit (but statistically there's probably about a 90% chance you are). I have nothing against the business model, and FlipPro sounds sincere enough and seems to have pride in his product, but where I look at the available investments for a bitcoin economy, one that depends on converting national fiat to bitcoin just doesn't make sense to me for a long term investment. Sales and profit can grow while BTC/USD grows even faster and your dividend shrinks. Buying the precious metal funds make sense to me, but as a hedge against a falling bitcoin. Mining stocks and maybe the bonds issued by them seem to be the only thing currently besides gambling that seem to be stable enough to survive in a bitcoin only economy. |
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you are asking for over double what it's worth in silver content  Intrinsic value to collectors, that is not a cull to be traded at melt. |
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May I suggest NOT promoting your service until you do accept bitcoins? This forum is for bitcoin related services.
Server hosts are a dime a dozen.
I am offering this promotion because I believe in this community. And as I previously stated, I am in the process of adding Bitcoin as a payment method. Thank you for your advice. In the process? Does that mean you are inept and can't add BitPay that provides the WHMCS plugin to accept bitcoins? |
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Hostigation.com has been providing hosting, dedicated servers and VPS since 2006 and owns all it's equipment. Bitcoin talk exclusive 25% off for life use BTC25OFF Available ISO ImagesCentOS 5.7 i386 & x86_64 CentOS 6.2 i386 & x86_64 Debian 5 i386 & amd64 Debian 6 i386 & amd64 FreeBSD 9.0 i386 & amd64 OpenBSD 5.0 i386 gentoo 20110421 amd64 Vyatta 6.2 i386 Elastix 1.6.0 Elastix 2.2.0 Arch Linux 2011.08.18 dual slackware 13.37 i386 & amd64 Ubuntu 10.04 minimal i386 Ubuntu 11.04 server i386 Ubuntu 11.10 server & desktop i386 & amd64 MikroTik 5.8 (License required) Trixbox 2.8.0.4 Scientific Linux 6.1 i386 & x86_64 Trixbox 2.8.0.4 Others added upon request SolusVM KVM VPSKVM-12810GB Disk 500GB Bandwidth 128MB Memory 1 IPv4 Address 1 CPU Core $30yr Order LA NCKVM-25610GB Disk 500GB Bandwidth 256MB Memory 1 IPv4 Address 1 CPU Core $6 Order LA NCKVM-51215GB Disk 500GB Bandwidth 512MB Memory 1 IPv4 Address 1 CPU Core $9 Order LA NCKVM-102425GB Disk 1024GB Bandwidth 1024MB Memory 1 IPv4 Address 2 CPU Core $15 Order LA NCKVM-204850GB Disk 2048GB Bandwidth 2048MB Memory 1 IPv4 Address 4 CPU Core $30 Order LA NCSolusVM OpenVZ VPSOVZ12810GB Disk 500GB Bandwidth 128MB Memory 1 IPv4 Address $20 YEARLY Order NC LAOVZ25625GB Disk 1024GB Bandwidth 256MB Memory 1 IPv4 Address $4 Order NC LAOVZ51250GB Disk 1024GB Bandwidth 512MB Memory 1 IPv4 Address $6 Order NC LA OVZ76875GB Disk 1024GB Bandwidth 768MB Memory 1 IPv4 Address $8 Order NC LAOVZ1024100GB Disk 1024GB Bandwidth 1024MB Memory 1 IPv4 Address $10 Order NC LAOVZ2048100GB Disk 1024GB Bandwidth 2048MB Memory 1 IPv4 Address $20 Order NC LAAddon cPanel for $11/mo KVM $10/mo OpenVZ Addon DirectAdmin $5/mo Addon Softaculous $1.50/mo Addon WHMCS $12.50/mo Additional IPv4 Adress $2.50/mo (With Justification) Addon IPv6 no charge Los Angeles Testfile Test IP: 206.253.164.1 North Carolina Testfile Test IP: 69.85.88.1 About our VPSWe offer cPanel as a semi-managed service, meaning we will take care of your server, you take care of your code. Curently in stock: Location: Los Angeles CA OpenVZ KVM Location: Charlotte NC OpenVZ OpenVZ/KVM Available, see all of our VPS offerings. Something you want not offered, drop an email to
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actually, 1 troy ounce (how precious metals are measured) is 31.1 grams... and yes, its about a $1 a gram at spot. But these go for $40 all day plus shipping on eBay.
You're right, JM Bars are preferred. I have all JM bars except for a Sunshine and a NWTM. Although, the only silver bars that really go for a premium are the Credit Suisse or the PAMP bars. I can go into my coin shop, ask for 2 bars, and they sell me whatever they have in stock that day, at the same price regardless of brand. All are fine brands, but none stand up next to American Silver Eagles or Canadian Maple Leafs, which can be had all day long on eBay for $35 before today's $1 tank in Silver. I am able to pick up American Eagles off eBay slabbed for $39-41 shipped, and the previous 2 days trading only makes it cheaper  |
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Sounds like nothing more than a calculation provided for the borrowers convince, but actually serves no real purpose. You might look at actually providing a hedge to protect from a rising bitcoin value against fiat for an added fee by buying calls.
Please, read the OP again. If you borrow 10 bitcoins today, to pay next month, you will theoretically pay aprox. USD $300. Now suppose that in 10 days the bitcoin price jumps to USD$ 1000.00 per bitcoin, you still need to pay 10 bitcoins back, but now you will need USD$ 10,000.00 to buy 10 bitcoins! But what value does it add? I agree you used the wrong word calling it a hedge, but other than informational value, I am missing what it provides. |
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Right, which means the loan is actually a USD (or Euro or whatever) loan however you want to spin it. The value of BTC never enters into it; is just payable in BTC. This is not a hedge. A hedge is a position that protects against the risk in another position. A true hedge would be to lend 10 BTC and then go sell short 10 BTC at $X, or more likely to buy an option to sell 10 BTC at $X. Posting a link to the Wikipedia article on hedge doesn't make what you are offering a hedge. (Incidentally, from the very first line of said article: "A hedge is an investment position intended to offset potential losses/gains that may be incurred by a companion investment." There is no companion investment in what you are doing.)
But whether you are offering is properly called a hedge or not is not really important. However, you failed to answer actual question in my post, so I went to the site and did it myself: it appears that the buyer decides payback calculation when they create a loan.
Since there's no USD/Euro/etc involved the loan is in Bitcoin. Perhaps hedge is not the exact word for it, I failed to find a better one, perhaps you can suggest an alternative. The payback calculation is done by the system based on the exchange rate for the reference currency at the payment moment. Sounds like nothing more than a calculation provided for the borrowers convince, but actually serves no real purpose. You might look at actually providing a hedge to protect from a rising bitcoin value against fiat for an added fee by buying calls. |
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Does BTCJam impose a minimum deposit of funds? I don't think so. Also, I don't recall seeing it in the thread, but do not lend what you cannot afford to lose. |
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Thanks, just waiting for the btc address to return payment.
Payment received, excellent! |
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Subsciption setup, will update upon payment from MoneypakTrader.com
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I want to verify my Bitcointalk name with btcQuick. Verification code: O5OZTVGICU
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We're not issuing any more shares on the market currently. We're just keeping the shares alive.
Sure, but the financials on your site end last July. Something current will help me decide if the listing is worth it to me to buy from the float. I understand you are getting the house in order, so I am not sitting here demanding they be up in the next hour, but sometime soon, like within a month should be a goal. |
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