Here is a proposition for all shareholders. As long as it gets the nod from Diablo and Yochdog.
I hold 1841 DMC - I will send the shares into Diablo to be retired in exchange for the 1000 BTCMC that DMC holds thus relieving myself from any entitlement of Asicminer or other holdings DMC may have, etc and increasing the proportion for other shareholders.
It appears there are 7174 DMC shares left outstanding.. so I vote yes representing 25.66%. Anyone else?
This offer is non-binding and contingent on my due diligence of BTCMC.
teek
0.5915 implied BTCMC value x 1000 = 591.5 1841/11= 168 shares of AM 168 x 1.42 = 238 You wish to trade BTC238 worth of AM for BTC592 worth of BTCMC? No thanks, I vote to politely decline your offer. |
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This is bitcointalk.org, not cryptocurrency.org or altcurrency.org. Not sure how to make it any simpler for you.
You don't need to make it "any simpler" for me (I've been here longer than you have, simpleton). I know what the name of the site is. Not sure why you think that pointing out an undisputed, obvious fact is some kind of amazing, debate-clinching argument.  Namecoin has been around about as long as Bitcoin and is still openly discussed in the main forum. Must we change the name to BitcoinAndNamecoinTalk? According to your simpleton logic, yes we should.  Bitcoin is both a kind of new technology and a specific (first) instance of that technology, so it's perfectly appropriate to discuss all variations on this forum. I'm sorry if such complex ideas don't fit into your tiny, simplicity-seeking shell of a head thing. Coins:Stamps::Bitcoins:Altcoins? Pfft. What idiocy!  |
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BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild - about 8% extra from merged mining and around 2% extra for transaction fees. Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income. I guees the 10% will melt away shortly. Think about the hashpower that is directed to these altcoins now. The coins have to be sold too. So it will put pressure on the price. And so on... Wont work out for long. You know how funny your argument is right? Think about the hashpower that is directed to Bitcoin now, the coins have to be sold too, so it will put pressure on the price? Bitcoin isnt comparable to the altcoins. You should check the amount of worth traded each day in bitcoins and the amount of worth transferred in altcoins. Its way way less. Its the same with the orderbooks. So when you sell or buy bitcoins worht $10000 the price wont change. Do the same with a small coin the price will drop or rise a lot. Thats the difference. And thats why mining with big hashpower for altcoins wont last very long for a reasonable price. I don't understand your logic, the amount of NMC produced per day is same, by mining at bitminter, some of that amount goes to AM instead of others. The amount that can be sold per day remains the same, why would you think AM mining some NMC will crash the NMC market? if you haven't noticed, NMC has risen over 10 fold over the last few month, so did LTC and PPC and many other alt coins. The alt coin market is only getting stronger, by a factor of 10 or more. AM selling some NMC is a drop in the bucket. Alt coin has some serious advantages over Bitcoin. For example I find myself increasingly doing transactions in LTC, due to the lightning fast confirmation. Whenever I do BTC transactions, I find myself kicking myself for not doing it in LTC, because the confirmation time is so slow. Also I'm growing increasingly fond of the 1% interest on my PPC balance. You can't understand his "logic" because he has none. The more hashpower is directed to a blockchain, the more secure it becomes. The more secure a blockchain is, the more valuable it becomes. BG deserves every Satoshi of whatever it wants to charge for access to the most reliable and high-performance pool around. Ideally AM would load-balance between BM and BG, with priority going to BM for merged mining, tx fees, and network diversity. |
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Again, this is a Bitcoin forum, not a cryptocurrency forum. The Alt fans should be thankful they're getting any space at all.
You wouldn't go into a coin collecting forum & demand the mods create sub forums for all the different types of stamp collecting.
If you want an alt-currency forum, no one is stopping you from creating your own.
Pardon me, but we've been discussing Namecoin on this forum since Satoshi was calling it BitDNS or whatever. Coins:Stamps::Bitcoins:Altcoins? What an atrociously bad, logically deficient syllogism. Bitcoin and Bitcoin-like virtual cryptocurrencies are all Satosh's children. At what point did we decide only his first born was worth of our attention and the rest should be confined to the "alternate" coin ghetto? Litecoin? That's just Bitcoin's crazy cousin. We keep him locked up in the basement, even lower on the menu than Off-Topic. Namecoin? Well, Namecoin is Bitcoin's little sister so we let her run around, because she's got development problems and doesn't hurt anything. |
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BTCMC is isn't trading, but a value of BTC0.5915 per share can be inferred from the premium DMC trades for over 1/11 AM:
0.1745 * 11 = 1.9195
1.9195 - 1.328 = BTC0.5915 implied BTCMC value.
I have 110 shares, so that's BTC6.5065 worth of BTCMC. At present, that's $741.55!
If I trade in my DMC shares, when and how will I be compensated for the value of their BTCMC component?
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You are aware that many modern doctors incorporate elements of non-western medicine, but you don't care because that fact is inconvenient to the scary FUD associated with holistic medicine with which you are trying to smear colloidal silver. YLFI: guilt by association, congratulations!
It's not FUD. There is just no evidence presented in this thread. If you think I missed a piece of evidence, please redirect me to which source I missed. Please note that evidence refers to empirical evidence (from RCTs), not how many physicians wrote about it, or how long the practice has been around. There you go again, moving the goal posts to the horizon by purposefully defining "evidence" in as artificially narrow a way as possible. Ever heard of the phrase "Evidence of the Senses?" No? It's going to come as a shock to you, but there are plenty of kinds of evidence produced outside of RCTs. You are also aware that the oligodynamic effect is neither controversial nor a conspiracy theory many people find highly offensive, yet you still throw out a red herring about '9/11 nutjobs.' I have never denied the oligodynamic effect. This has been said many times, even you acknowledge this in your posts. Of course you never denied the oligodynamic effect. That would be stupid. But so is being unable to discuss colloidal silver without ranting about '9/11 nutjobs.' How distasteful of you to stand on the graves of the dead in order to defame a well known health product with a very long history of extensive use. Couldn't you think of a less inflammatory way to make your (rather silly) point? Oh that's right, you are here for no reason other than to start flame wars. Well cupcake, have fun getting trollstomped. history of use does NOT constitute evidence unless there were properly controlled trials proving its effectiveness. Again, you should be able to make that point without resorting to red herrings intended to instigate flame wars. But thanks anyway for sharing the ugliness of your thought process and depth of your strangely emotional antipathy towards colloidal silver.  How is it an "appeal to emotion" to point out that both colloidal silver and cannabis both have long (1000+ year) histories of safe, effective prior use but are not studied extensively at present due to lack of patent potential? oh isn't that convenient? a product that has been around for thousands of years has never had its validity verified by modern science? Must be some big phrama conspiracy there. Again, just because it's "common sense" doesn't mean it's automatically true. Remember when it was "common sense" that low temperatures caused the cold?
Again with the "conspiracy" trigger words. Why is it so hard for you to understand that a product must be patentable and potentially very profitable in order for a company to justify the massive trouble and exorbitant expense of RTCs? And FYI, cold temps are conducive to viral propagation for several different reasons. Now go back to debunking something less complicated and more in line with your limited capabilites, like chemtrails, homeopathy, or astrology.  |
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Money does not buy drugs, people do.
According to the Government Media Complex -Bitcoins buy drugs (Bitcoins are notorious for their love of getting high and staying addicted at any cost.) -Guns kill people (Guns are notorious for their unquenchable thirst for blood and propensity to initiate violence.) -SUVs cause accidents (SUVs are notorious for being self-absorbed, terrible drivers and texting instead of paying attention.) -Islam creates terrorism (The Koran is notorious for hijacking planes and crashing them into tall buildings.) -People are at the mercy of inanimate objects (People are notorious for their lack of free will and propensity to be swayed by Bad Things.) -Only the GMC can protect us from the dangers listed above (Internet media is notorious for telling secrets we don't need to know for our own good.) |
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EDIT: Updated AM value to 1.328. Thanks for the update DT. It's great we're over the hill and on our way to seeing returns on investment. Lowery, your estimator thingy may also include the value of 606 BTCMC, 617 Cognitive, 50 LTC-Mining, 953 MU, and 774 MOORE shares. BTCMC is isn't trading, but a value of BTC0.5915 per share can be inferred from the premium DMC trades for over 1/11 AM: 0.1745 * 11 = 1.9195 1.9195 - 1.328 = 0.5915 0.5915 * 606 = BTC358.449Cognitive 0.24452 * 617 = BTC150.86884LTC-Mining 0.39167 * 50 = BTC19.5835MU isn't trading, but has viable assets worth BTC0.269579926/share and may now be sitting on a larger heap of BTC and dividends. 539 YABMC * 0.01709 = 9.21151 +37 NASTY * 0.299 = 11.063 +256 COGNITIVE * 0.24452 = 62.59712 +811 AM * 1.328 = 1077.008 +40 BFLS = 28 +160.025BTC = 1347.89963 1347.89963 / 5000 = 0.269579926 0.269579926 * 953 = BTC256.909669478MOORE isn't trading, but is still growing and paying dividends so let's use the IPO price. 0.5 * 774 = BTC387Total = 358.449 + 150.86884 + 19.5835 + 256.909669478 + 387 = BTC1172.8110094785789.028 (cash + AM + GIGA) + 1172.811009478 = Grand Total of BTC6961.839009478 |
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Marijuana already cures cancer, this is a scam
Colloidal silver cures cancer, marijuana is a scam.  Not to mention it transforms you in this type of superhuman:  Oh Noez! Quick, somebody find a cure using distributed semianonymous virtual currency! I told him not to make his own but he was too cheap to buy mine. *dodges Grandpa Smurf's purple-blue eye lasers* |
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Wow, you've dragged your trolling into this thread too? Why don't you want me to enquire as to Yochdog's opinion of your unflattering characterization of his mining company? You should welcome his confirmation of the correctness of your negative evaluation of BTCMC. Yochdog, may I buy DMC's 1000 shares now? If not, I understand, but will you honor an agreement between Diablo and myself to transfer the shares when possible? Yes, I will facilitate private transactions of shares between consenting parties. Really? So if I go run an auction selling the shares, thats totally fine with you? You have to sell the entire lot. I will not break down current holdings into smaller blocks. If you run an auction, and both parties verify they accept the terms, I will transfer ownership. Ahh, that makes it a tad more problematic. Should be easy! You have marked the shares to zero on your books, so anything you get out of them is a bonus to your shareholders. I say full steam ahead. lol yochdog You're welcome Diablo. |
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Marijuana already cures cancer, this is a scam
Colloidal silver cures cancer, marijuana is a scam. But seriously, thanks for pointing out the Nooshare paper - that's a good one! I thought of a better name too: MediCoin. The post about the caduceus gave me idea! "Hello I'd like to buy some internet pr0ns plz." "OK that will be one Medicoin." "Fine, here you go! Oh look, I cured cancer!"  |
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Er, yes, I screwed up the math. Its been a long day on the phone with various people, oh well.
I don't mind rounding up to the next whole AM share for people trading in enough of them, thats fine. You don't have to be insulting about it, however.
So, until I figure out what to do with these BTCMC shares (yochdog said he'll allow me to auction them off, but only to a single party), I'll stop the 60 day clock.
Hooray, now we can be friends again! Didn't mean to be (too) insulting, just wanted to make you quickly see your egregious mistake by communicating in as brutally effective a way as possible. I'm always bombastic, but when somebody messes with my precious BTC the vehement orneriness gets turned up to 11.  There's a lot of tough love in this thread; I feel you will be a better person for having endured it and come out ahead.  An auction *seems* like a good idea, but I want to keep my investment with Yochdog growing, not cash out right as we're maybe almost nearly on the cusp of BFL delivery. Instead, I suggest spinning off DMC's BTCTC into a pass-through. That would let you reimburse the shareholders who've already traded out and provide much-needed liquidity, providing the option to sell to anyone who wishes to get out. *hopes DMC goes to the moon* PS nebulus - great job bringing the math and making our case incontrovertibly airtight. We're all going to profit from the clarity and revelations produced by today's conflict. |
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Ukyo is already aware of my wishes to end DMC. Now that yochdog will allow transference of shares, I am going to consider auctioning them off.
I'm glad you are keeping Ukyo in the loop. It's not fair that the unwise actions of his asset issuers reflect poorly on his exchange, but yours will regardless. Is Ukyo "already aware" that you unilaterally decided to steal DMC's 1000 BTCMC shares under the false pretext of them holding no value, despite being worth exactly 10% of Yochdog's large established mining company? I disagree with any attempt by Diablo to assign "zero value" to DMC's holdings. Is Ukyo "already aware" that Yochdog, backed by facts and demonstrative evidence, disagrees with your (former, now abandoned) self-serving subjective appraisal of BTCMC's negligible worth? Is Ukyo "already aware" that you have now contradicted yourself (in a most spectacular and embarrassing manner) by entertaining the idea of holding an auction for shares you previously insisted on declaring defunct, upon suddenly realizing (when pointed out to you) DMC owns an enormous 10% of BTCMC and not the 2% you formerly believed? Is Ukyo "already aware" that many DMC shareholders have already (eagerly) submitted to your abusive, unethical change in DMC's terms, losing their rightful BTCMC stake in the process Is Ukyo "already aware" you may now auction off DMC's BTCMC shares, forcing your shareholders to bid for assets they already rightfully own? |
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Hi Ukyo,
Unfortunately it seems we may have another scammer using your exchange.
Diablo has decided to change, suddenly and completely, the terms of his DMC asset.
He's reneged on his promise to buy back shares, forcing all shareholders into either an exchange for AM (at less than the per DMC share value) or a bond to raise money for his latest hopelessly futile pie-in-the-sky shenanigans.
The problem with the 1:11 exchange (besides undervaluing DMC in terms of AM) is that allows him to steal DMC's 1000 shares of BTCMC.
His position is that they are "worthless" but Yochdog disagrees, and I've offered to buy the BTCMC shares from him (as has burnside).
Should he not relent from this course of action, I suggest locking the asset and letting us poor shareholders take over, as we've been forced to do with BAKEWELL.
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I would like to clear up the record here.
-BTCMC has 10,000 shares outstanding. No more, no less.
-I have an accurate listing of every single shareholder and an associated BTC address.
-BFL is late, but appears to be moving towards actual delivery.
-The ASIC units are paid for, thus ANY future production is "profit" in the sense that the cost is a sunk cost.
I disagree with any attempt by Diablo to assign "zero value" to DMC's holdings. I have no dog in this fight, as I am not a DMC shareholder.
Just the facts.
TYVM for setting the record straight. Diablow has really painted himself into a corner trying to pull fast one. 50,000 share, 10,000 shares...what's the difference when you're as good at math as Diablow.  He can either sell me the "worthless" shares or man up and lean into the oncoming Scammer Tag. This whole '1000 BTCMC shares are worthless but I want to keep them for myself instead of selling them to a willing buyer' thing ain't gonna cut it! Edit: Fuck you burnside! I bid BTC2.01. |
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Wow, you've dragged your trolling into this thread too? Why don't you want me to enquire as to Yochdog's opinion of your unflattering characterization of his mining company? You should welcome his confirmation of the correctness of your negative evaluation of BTCMC. Yochdog, may I buy DMC's 1000 shares now? If not, I understand, but will you honor an agreement between Diablo and myself to transfer the shares when possible? |
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