Wall moved to 0.0064 BTC per share  //DeaDTerra |
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rUnFEsHjxqTswbivzL2DNHBb34rhAgZZZK
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+1 DT friedcat says he will be paying dividends starting next Thursday. This is great news! Can we expect repayment whenever he pays the fund dividends? Thanks DT!! I will as usual wait until we have 500 ish BTC to pay out but as it might take a while before we get up to those numbers I will lower the amount until I pay out. I will try to pay out once or twice a month. //DeaDTerra |
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20k wall up at 0.0065 BTC //DeaDTerra |
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Enough arguing,
Please take this to another thread.
The contract stand!
If you don't like it and then you could go somewhere else for your shares.
I do things as I do them, I do it in good faith with the investors best in mind if you don't trust me and think I will misuse my position then I am probably not the best choice for you!
//DeaDTerra
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Hi!
Just wanted to ask Mike (Casascius) are you coming to the Bitcoin 2013, in San Jose in May?
//DeaDTerra
Yep, am planning on it. Awesome  will you bring with you some coins so that people at the conference can purchase? Last year in London (bitcoin2012) they sold like butter, I managed to sell about 20 single, 3 10s and one 25 //DeaDTerra Yeah, I assume he will -- otherwise I'll be forced to bring my stack, and I don't think TSA will like that  I am going to probably buy some and bring with me xD I just plan to have them in my wallet ^^ //DeaDTerra |
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Hi!
Just wanted to ask Mike (Casascius) are you coming to the Bitcoin 2013, in San Jose in May?
//DeaDTerra
Yep, am planning on it. Awesome will you bring with you some coins so that people at the conference can purchase? Last year in London (bitcoin2012) they sold like butter, I managed to sell about 20 single, 3 10s and one 25 //DeaDTerra |
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Yes that link works but the link on the website didn't work I have the latest Chrome. //DeaDTerra Ahhh! Yes. I'm only mirroring the assetlist page. That's the page you need if BitFunder ever goes offline. Cheers. Ah okay thanks for the help! Really appreciated //DeaDTerra |
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Should be easy to script a download of the public ownership page at regular intervals. I'm actually kind of surprised no one has setup a mirror of that page anywhere yet. Err, ok, I set one up: https://btct.co/history-bitfunder/It'll update every 30 mins. Cheers. Ah thanks But it doesn't seem to work, when I click on the link to get the asset history nothing happens. //DeaDTerra Does the page load with this link? https://btct.co/history-bitfunder/2013-02-20-19:34-assetlist.htmlAs time passes that will become a list of one html page per half hour. Works ok in FF & Chrome here on my linux desktop. It's a pure-unadulterated dump, so I'm sure there's all kinds of missing CSS and JS includes. Maybe some browsers don't like that? Cheers. Yes that link works but the link on the website didn't work I have the latest Chrome. //DeaDTerra |
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Introducing this to some friends and two questions have come up:
Is a receipt on file somewhere on mpex or with SatoshiDICE confirming the passthrough has the backing on the issued?
How do you go about backing up the BitFunder asset list and do you have a plan in place in the event the exchange disappears?
Sure Thanks for spreading the word! Here's a STAT post for you -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Holdings for DeaDTerra (fingerprint 50D437162E449CAD98B9922AA66A3733FC94B88F) Issued today, Wednesday the 20th of February 2013 at 06:35:04 PM (0.88600800 136 1385304) To certify that the aforementioned holds as of the quoted time the following wit h MPEx : CxBTC x 159.97602831 S.DICE x 1`377`820 S.MPOE x 150`000 S.BBET x 26`302 To which add orders in the book fully paid in advance : S.DICE : S 41`000 @ 0.00690000BTC (order #6373806) To which add sums deposited as surety for 4th Friday settled option and future c ontracts : To which add sums deposited as surety for underwritten IMM date settled option a nd future contracts : Your transactions since 1 hour before your last STAT : On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 3`220 bought @0.00067884 BTC, total cost 2.18586480BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 31`350 bought @0.00067855 BTC, total cost 21.27254250BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 4`218 bought @0.00067854 BTC, total cost 2.86208172BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 2`100 bought @0.00067692 BTC, total cost 1.42153200BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 16`350 bought @0.00067530 BTC, total cost 11.04115500BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 11`711 bought @0.00067476 BTC, total cost 7.90211436BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 31`051 bought @0.00067437 BTC, total cost 20.93986287BTC On Mon, 18 Feb 13 21:00:53 +0000 S.DICE - 10`000 sold @0.00690000BTC, to tal yield 68.86200000BTC On Mon, 18 Feb 13 20:59:45 +0000 S.DICE - 5`000 sold @0.00690000BTC, tot al yield 34.43100000BTC On Mon, 18 Feb 13 20:56:58 +0000 S.DICE - 4`000 sold @0.00690000BTC, tot al yield 27.54480000BTC You have also been paid dividends, as follows : The Great Seal of the exchange has been duly applied. -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.5 (GNU/Linux) iD8DBQFRJRdYkhT8a/G2mSERAuN9AJ9lX/nOBOftLe5by7y+wrAjTXS5CwCffWyC QIlm6hUBmow7PMzodPmtzAk= =nBex -----END PGP SIGNATURE----- At the moment I have no backup, I have been working with Jon closely and I trust him. I have his phone number so in emergencies I can always call him, maybe it's a bit naive though I should probably start asking for weekly backups too keep just in case. I will talk to Jon and see what we can do //DeaDTerra Should be easy to script a download of the public ownership page at regular intervals. I'm actually kind of surprised no one has setup a mirror of that page anywhere yet. Err, ok, I set one up: https://btct.co/history-bitfunder/It'll update every 30 mins. Cheers. Ah thanks But it doesn't seem to work, when I click on the link to get the asset history nothing happens. //DeaDTerra |
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Hi!
Just wanted to ask Mike (Casascius) are you coming to the Bitcoin 2013, in San Jose in May?
//DeaDTerra
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Introducing this to some friends and two questions have come up:
Is a receipt on file somewhere on mpex or with SatoshiDICE confirming the passthrough has the backing on the issued?
How do you go about backing up the BitFunder asset list and do you have a plan in place in the event the exchange disappears?
Sure Thanks for spreading the word! Here's a STAT post for you -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Holdings for DeaDTerra (fingerprint 50D437162E449CAD98B9922AA66A3733FC94B88F) Issued today, Wednesday the 20th of February 2013 at 06:35:04 PM (0.88600800 136 1385304) To certify that the aforementioned holds as of the quoted time the following wit h MPEx : CxBTC x 159.97602831 S.DICE x 1`377`820 S.MPOE x 150`000 S.BBET x 26`302 To which add orders in the book fully paid in advance : S.DICE : S 41`000 @ 0.00690000BTC (order #6373806) To which add sums deposited as surety for 4th Friday settled option and future c ontracts : To which add sums deposited as surety for underwritten IMM date settled option a nd future contracts : Your transactions since 1 hour before your last STAT : On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 3`220 bought @0.00067884 BTC, total cost 2.18586480BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 31`350 bought @0.00067855 BTC, total cost 21.27254250BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 4`218 bought @0.00067854 BTC, total cost 2.86208172BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 2`100 bought @0.00067692 BTC, total cost 1.42153200BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 16`350 bought @0.00067530 BTC, total cost 11.04115500BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 11`711 bought @0.00067476 BTC, total cost 7.90211436BTC On Mon, 18 Feb 13 21:10:49 +0000 S.MPOE - 31`051 bought @0.00067437 BTC, total cost 20.93986287BTC On Mon, 18 Feb 13 21:00:53 +0000 S.DICE - 10`000 sold @0.00690000BTC, to tal yield 68.86200000BTC On Mon, 18 Feb 13 20:59:45 +0000 S.DICE - 5`000 sold @0.00690000BTC, tot al yield 34.43100000BTC On Mon, 18 Feb 13 20:56:58 +0000 S.DICE - 4`000 sold @0.00690000BTC, tot al yield 27.54480000BTC You have also been paid dividends, as follows : The Great Seal of the exchange has been duly applied. -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.5 (GNU/Linux) iD8DBQFRJRdYkhT8a/G2mSERAuN9AJ9lX/nOBOftLe5by7y+wrAjTXS5CwCffWyC QIlm6hUBmow7PMzodPmtzAk= =nBex -----END PGP SIGNATURE----- At the moment I have no backup, I have been working with Jon closely and I trust him. I have his phone number so in emergencies I can always call him, maybe it's a bit naive though I should probably start asking for weekly backups too keep just in case. I will talk to Jon and see what we can do //DeaDTerra |
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The issue is each pass through share is usually priced at a premium than the MPex rate. I buy them at a premium.
This'd seem to be more an issue of you than of the PT. Why buy at a premium? Put your bid in at 95% of MPEx price and wait for it to be filled. ii. Have liquidity in the market - allowing me to sell the shares at a price higher than I would be able to at MPex.
Basically it's like this: MPEx exists to put a skewer through the greater fool theory. You figure that's what "investing" means, so you just won't let go of it. Consequently you'd like someone to run a little bubble machine which is vaguely related to MPEx to offer it some backing, but sufficiently remote for you to still be able to play in your bubbles, make fiddy cent or w/e. It's not that the PT op "should" anything, it's that you shouldn't be doing this. It does not make sense for the pass-through to trade much higher than the underlying asset. While there is some convenience factor to the pass-through, the operator takes a cut of the profits. There is more risk because you have to trust an intermediary and one more exchange, so to me it makes sense for the pass-through price to be even less than 95% of the underlying asset. I agree with this. You guys are better at saying what I wanted to say xD //DeaDTerra |
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22722 shares were placed as a sell order for 0.00066 BTC each //DeaDTerra |
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14830 shares were placed as a sell order for 0.0001965 BTC each
//DeaDTerra
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a 30k wall has been placed at 0.00675 //DeaDTerra |
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The issuer has the right to issue more shares and buy back shares (at the value of 1 S.MPOE share on MPex). The shares have no voting rights.
This doesn't sound fair. Issuing more shares without early announcement affects the ability of existing share holders to sell their stake if they want to. And if we go by Satoshi Dice pass through on bitfunder, we know that bitfunder prices are always more than MPex prices - because of the 30 bitcoin MPex fee. Existing share holders can be screwed any time you see a good arbitrage opportunity. If you want to buy back shares, buy them back from the bitfunder market at the valuations the market decides. You shouldn't have the right to buy back shares from Bitfunder pass through share holders based on the price and valuations on the MPex market. While it might effect the short term liquidity of the market it has no long term effect of introducing more shares as the backing or underlying asset of is share is exactly the same independent of how many shares I issue. Arbitrage is a healthy thing for the market it brings down the spread and it's part of the free market hence I encourage it. I arbitrage when I see that the spreads are great and hence causes problems for people who want to sell/buy the shares. The reason why I have this clause is in the case where I want to back up my bags and shut down the pass through, Please look through my past. I do not misuse my contracts for personal gain. I decided to take away 22k as they were selling faster then I could keep up with, hence I was starting to have naked sales. Hence I took the offer down and I now have a new offer which is completely backed Each share is (supposed to) be backed with 1 MPOE share, so I don't really see the problem of issuing more shares if DeadTerra isn't naked short selling The issue is each pass through share is usually priced at a premium than the MPex rate. I buy them at a premium. If new shares are issued at the MPex rate, it definitely affects my ability to sell my stake. I have to either sell at a lower rate, or wait and pray that the new shares issued doesn't satisfy the market demand. All new share issues should have prior warnings. If new shares are issued at the MPex rate, then you could buy that and not pay it at a premium. Obviously there's a risk with paying more than MPex price. This is some of the arguments which were used against Erik when he issued more shares, You are arguieing out of a speculation point of view, this is not investing but gambling. For a investor the short term market price should not matter other then as a way to buy or sell at that price, as long as the underlying assets are the same a investor should not see a problem with issuing more shares. But as said previously I am not looking to abuse the contract and manipulate the market, it's simply for my own comfort which I have the clause of that I can issue shares as I would like. I will try to post when I issue more shares but this is not something I can promise. If new shares are issued at the MPex rate, then you could buy that and not pay it at a premium. Obviously there's a risk with paying more than MPex price. I understand. I am willing to take the risk of paying more than the MPex price as well as get only 95% of the dividends for 2 reasons: i. Save on the MPex fee of 30 bitcoins ii. Have liquidity in the market - allowing me to sell the shares at a price higher than I would be able to at MPex. But by issuing new shares and flooding the market, I get affected if I want to sell my shares. It completely negates the second reason people pay a premium for for pass through shares. I'm happy if I want to buy them, but not if I want to sell. That is why, any manipulation of supply and demand should require prior warning. People should not pay extra for shares if their reason is that they believe that they maintain this higher value in the future, that's speculation once again and someone who speculatates short term must understand the risk they are taking. I can not control the market, nor will I try to. I will issue shares when I can and I feel like issuing more shares, but I will not use it as a means to manipulate the market. //DeaDTerra |
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I would just like to say that I have a lot of confidence in you Terra. I unknowingly came across more of your work on bitfunder, and have been investing in many different things there. With all the trouble with the Gamma Bitcoin Fund, you came across as truthful and honest, I never really believed that you would screw me or anyone else over. I can see you are all over the place with projects and to tell you the truth I trust your sense of direction with bitcoin and if you could keep me at least up to date with any new projects you have coming out, I would be extremely interested. Thanks for keeping us updated, I will be stalking you and your posts on this forum from here on out i will plus one for "truthful and honest" Thanks goat //DeaDTerra |
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Meanwhile.. MPEx last is at 0.00632330. It's a pretty good idea to buy GSDPT shares when they are trading for around or less the MPEx price, because GSDPT tends to trade higher even through only 95% of the dividends.
Well as I am doing this manually I place the walls where I see enough volume to cover a big amount, while there might be small asks for less then 0.0065 there's not enough for me to put up a wall at that price. //DeaDTerra |
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I would just like to say that I have a lot of confidence in you Terra. I unknowingly came across more of your work on bitfunder, and have been investing in many different things there. With all the trouble with the Gamma Bitcoin Fund, you came across as truthful and honest, I never really believed that you would screw me or anyone else over. I can see you are all over the place with projects and to tell you the truth I trust your sense of direction with bitcoin and if you could keep me at least up to date with any new projects you have coming out, I would be extremely interested. Thanks for keeping us updated, I will be stalking you and your posts on this forum from here on out Thank you very much, it warms my heart hearing that even after my fuck ups people still trust me and want to be a part of my projects Hahah Right now I am a man with many projects. I am currently developing three different trading bots with Willem, A arb bot (which previously was used by GBF), a best price bot that combineds all order books to find the best orders for bid and ask and then executes the trades, as well as a ripple market making (liquidity providing bot). So that's what I am doing on the bot side I am also head of Pr and support on btcx.se since a couple of weeks back I have been taking people skype conversations as well as IRC messages. It's a Swedish direct bitcoin exchange with the ambition to spread to different countries across the globe We currently have about 10-12k BTC in volume a month, I am working with a couple of projects here as well to expand out current service. Then I have been helping Jon Montroll (Ukto) to improve Bitfunder, I have listed four assets on BitFunder. G.SDICE (A Satoshi dice pass through backed 1:1) The first pass through and the official one, supported by both Mircea and Erik https://bitfunder.com/asset/G.SDICEGIPPT ( A old GLBSE asset for a insure pirate pass through, which was paid back 100% and finalized a couple of weeks ago) G.MPOE ( A MPOE pass through, backed 1:1) Just started it up so the volume is limited but I am looking to get more shares into play. https://bitfunder.com/asset/G.MPOEG.BBET ( A S.BBET pass through backed 1:) Also just started up. https://bitfunder.com/asset/G.BBETI have also ordered 2 avalons, 1 little BFL which I plan to setup as a small mining operation. Thinking of maybe selling off shares in it, any thoughts? I am also bug testing and playing around with the SatoshiDice client as well as the ripple client and reporting any bugs I can find, as I can't code this is one of the few ways I can help out ^^ If anyone wants to know more about my projects then just pm me as this thread might not be the right medium for such conversation. //DeaDTerra |
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