Great job getting more rigs up and running.

As for dividends: I'm for dividend payouts. It will boost investor confidence and hopefully encourage more new investment to fund expansion. Dividends will also reward your early investor who took a risk on your when the detractors were saying no. I still pledge to reinvest any initial dividend payout into SIN.

All shares orders were cancelled during the last GLBSE update. I guess tawsix will put the SIN ones back up for sale soon.

bing: I think it's dividend_per_share = total_dividend_payout / ownedshares

Good work!

I think this varies from jurisdiction to jurisdiction and I'm about to ask my accountant a similar question to yours.
I have wrapped/am wrapping my bitcoin activities in a seperate tax entity. The reason for this is so that I can claim legitimate expenses against income.

I could use the "no value until liquidated" rule which would be fine if mining was all I did. But since I made some btc via speculation (on GLBSE) I suspect I'm probably liable for capital gains as a trader. I'll probably need to value all my accounts associated with bitcoin in my native currency then treat that as income. If I do things this way then I'll have to pay capital gains every tax year but I also get the benefit of a taxation loss if the value of bitcoin falls.

I'll see what my accountant says. I suspect that I can treat mining activity like "inventory" but all other sources of bitcoin income would need to be converted to a value in my native currency, either on the day of the transaction or on tax day.

Congratulations on a job well done.

Please ignore Weinerk until he gets his math right.

The IRL stock brokers I use only accept sell orders for up to the number of shares you presently hold. That's fair.
They will accept a buy order for any number of shares (subject to credit controls) and then bill you for whatever excess is not in your account should the buy order complete. They do have interest rates, the right to liquidate your other positions and a lien over your firstborn. I don't think GLBSE can do this and maintain it's anonymous nature so best to stop buy orders that are not matched by funds at hand.

Good move!

Freenet is full of the stuff (unfortunately) and that the powers that be haven't yet cracked down on Freenet. Still flying below the radar? I don't think so.

No! Expand to allow put/call options in different currencies as long as BTC is one of them. I'd prefer to hedge my btc in btc.

I'd like to add that I pledge to reinvest the first dividend payout that I receive into purchasing more SIN shares at the going rate on GLBSE rounded up to the nearest share.
I am likely to extend this pledge for future dividend payouts.

I say this simply because I would like to see long-term expansion via new investor funds, but believe that new investor funds will not happen without a dividend payout. I aim to make any dividend payout to myself as neutral for SIN as possible.

Okay scratch that then. Only a third in dividends, the rest in expansion. Given the number of sold shares a third is plenty a dividend enough.
Review the position again next week.... hopefully the dividend renews investor confidence and new money comes in for expansion. We'll know a week after the dividend payment is in and can talk about it again then.

What is that morality judgment based upon?

So that implies that there is some other ethical/moral value at play here. What is that?


What stops a chain reaction of shooters progressively taking out those that fired first?

I moot a counter-argument for the sake of debate. (I'm generally in favour of guns)

I have gun, you have gun. The first to shoot wins. Therefore the first to abandon the reasoned debate for violence wins.

I don't think that's very civilised.

I wish this was true. My country has welfare that provides the necessities of life but crime is still a problem. The definition needs work.

Even applied to the Palestinian situation it's an incorrect oversimplification that implies poverty as the root cause of Palestinian terrorism. If so, then why are suicide-bombers generally male, middle class, better educated and generally with better prospects than the general poor?

A thing (like bitcoin) does not have an inherent morality. I guess one way to project a morality onto things would be to look at the human usage of bitcoin. In that case the morality is not less than that on any other cash currency.

I'm not saying the people are freeloaders - merely wondering what they would do differently. While a few million on new cars is indeed wasteful, it is a mere drop in the bucket compared to the debt being faced. I'm interested in the Portugal situation - just what are the govt's biggest areas of expense?

OP: If you think we should/need this then get to building it. If you can't do this yourself then put together a solid business plan, recruit people and issue shares. Who knows, I might even throw some BTC your way.

Yes - finally the btc community invents it's own hate-lingo. Love people.

Sovereign debt is at crisis levels in Greece and Portugal. Other countries are not far behind. If the people on the street get into power what will they achieve once they see the empty coffers?