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I guess everyone is fully leveraged, thanks for the help with the other 2 loans guys, too bad this one didn't work out.
2 hours left if someone has a last minute surge of generosity,
Scrybe
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Whoo hoo, I'd part with 10.5 Freicoin for 10,000 XRP too if anyone will go for that. Be nice to actually do something with some Freicoin, which are otherwise looking pretty useless so far.
-MarkM-
Useless compared to XRP?  Isn't that like complaining that your 2-ton barbell is just as useless as the 3 ton one? (promised features do not count, this is bitcoin paranoia land!) |
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You got Ripples? I want to make waves!
Buying XRP with altcoins, current rates below:
LTC/XRP: 0.00007143
TRC/XRP: 0.00072296
FRC/XRP: 0.00120192
PPC/XRP: 0.00192308
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10.5 FRC/10K XRP, is as far as I'm going to go, until I know more. It's a similar economic fraction (plus a year of demurrage) which seems like a reasonable place to start.
I'm valuing 1 XRP in the .00000025 BTC range somewhere depending on utility. Right now utility is pretty low.
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Wow, lots of interest, thanks guys! I've put up a 3rd (and final for this round) loan for 122BTC for anyone else (or you guys too) with slightly longer terms and weekly payments at a slightly higher effective rate.EDIT: I pulled this original loan and have replaced it with a smaller version to catch some of the dumping that is still going on. 90 day term, weekly payments at 1.5% interest/week, first 2 payments will be made immediately upon funding, repayment in less than 90 days guaranteed. Come and get it! https://btcjam.com/listings/1649(I've pinged back everyone who PM'd me, hopefully everyone gets in this time.) Thanks! Scrybe |
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Thanks a bunch guys! Since this has closed already I've opened a new loan: https://btcjam.com/listings/1646If you missed on the first one please invest in the second, the terms are the same: 20BTC @5% for 60 days. |
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If the interest rate was higher I'd invest.
Agreed especially since it is a 60 day loan. would be. 5% and I am in  Done, 5% for you guys. |
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I agree on both points. Even though I don't think RE has all of the same kind of implications when ASICMiner isn't a true equity stake.
And the faster payback point will be so temporary that's not my concern at all.
And I don't care to get in to conversations about stock valuations based on increased assets due to RE.
My point, which was sidestepped with this RE tangent, is that was the IPO written in such a way to imply that exactly half of the company would be sold to the public?
So, shareholders fund the entire startup costs of the company and end up with 38% 'ownership.' It was exactly this point, what is ASICMiner's % of the company, that was debated in some detail when ASICMiner announced the IPO.
In my mind that was the expectation set. Whether or not it happened immediately after IPO or eventually as more buyers appeared.
Of course, there are no rules to prevent a 'best effort' IPO with unsold shares retained by the issuer. But with this 50/50 ownership thing in mind what is right? Jacking up RE or selling off the 12% of shares?
Anyway, it's a pretty pointless discussion. We know the likely answer is RE instead of selling off the remainder of what was offered at IPO.
Interesting, I was approaching the valuation from the other side. The principals in this company have put in the same effort that they would have if they had been funded 100% to plan, but they only attained 76% of the intended capital because of circumstances beyond their control. This means that ASICMiner (not the parent) retains ownership of those shares (which will not get dividends), and they could release them to raise additional funding if desired/needed, but that would dilute the dividend value of our shares so I'm not for it unless the benefit will outweigh the dilution. I'm curious why you think it matters if they have 50% or 62%, it's not like a hostile takeover was likely to work without a lot of lawyers. |
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If it stabilizes somewhere near here for a while I'll hop back on the train but at this point I'm a little scared.
i remember that *exact* feeling of fear when it went to $2.50 after being relatively stable around 80c - $1 just imagine how you'll look back on this moment in 2 or 3 years. Your scars have scars, don't they? Personal Experience: I've only been in the game 6 months (still kicking myself for not starting in early 2011 when I first heard about it) and I'm already getting a bit jaded. Zen Answer: "The tide will keep coming in, but it comes in waves." Paranoid Technobabble Analysis of the Zen Answer: When looking at this analogy the population of people using bitcoin can be roughly compared to a fraction of the mass of the Moon based on a coefficient with bitcoin market capitalization numbers divided by the number of suspected users. The Mass/MarketCap/User coeficient, based on an assumption of an eventual $1000 value being equivalent to the full lunar mass at 21M coins used by 9 billion people, would mean 7.34767309×10^22 kilograms/2.1x10^10 = 3.498x10^12 kg / 9*10^9 = 388kg/person of "tidal influence" on the bitcoin market. So with our current assumed population of 100,000 users (I've seen all sorts of guesses, I don't know how right/wrong this one is) and value of $22.32, we are only exerting ~9*10^15kg worth of tidal influence currently. Only 0.0000123% of the full tidal pull we will have "someday", but you now know that the bitcoin moon grows by 388kg/$/person, so everyone you tell adds 8,660kg right now, and more in the future. It's also interesting that our gravitational theory of zen finance methodology has revealed that the impacts we are likely to feel are caused by events, like wind swept waves, rather than our gravitational influence, but as the body increases in mass it will serve to stabilize the price trajectory as well as increase the general movement towards increased values and thus more mass in a feedback loop. The real question is, will we realize the moon is too big and stop before it crashes into the planet and destroys all life? The Dude: The Dude abides! |
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If the interest rate was higher I'd invest.
Thanks for the feedback, I like to keep the rate low since BTC is moving so darn fast right now. How much will you invest, at what rate? PM me and we can do a side deal or I can stand up a second loan if I like your terms. |
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Help! MPEX is all backed up! Help! MPEX is all backed up! Given the nice folks STILL dumping shares below market value, I'm re-opening this loan series.
The new SDICE share release has my trading business all backed up and constipated, I need some community Ex-Lax to help get the pipes unclogged (and get some trades done while the SDICE price recovers.)
I'm in no danger of defaulting on anything, but I'm at a standstill until I get some liquidity going again.
Updated terms to avoid stacking too much on a single date; 25 BTC for 90 days, weekly payments, first 2 payments executed immediately, guaranteed early repayment.
This one is closing quick as the need is only temporary, get your investments in right away!
Like it says; I'm backed up worse than that time I went to an all-you-can-eat-cheese tasting. I'll be using this loan for liquidity to take the load off and get things, umm, moving again. Get it funded quick and I'll put up another and start helping to clear out the latest tranche of shares. https://btcjam.com/listings/1778EDIT: By popular demand I've re-listed a second loan at 5% on 60 day terms, come and get some interest!Sold out in record time! Thanks! EDIT2: By even more popular demand I've I'm issuing a request for a third loan at 1.5%/week on 90 day terms, low risk investments for ALL! EDIT3: No, I'm not currently planning on issuing a security to raise money, although once these 3 loans are paid off I might consider it if I get more requests. Thanks! Scrybe |
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I hate to be a d*ck, but...
I'm trying to decide if it's a bad thing that asicminer will own, at a minimum, just above 4/7 of the company when the IPO was designed as an even split.
Keep this in mind if an issue is brought to the asicminer board about suspending dividends to accumulate capital for R/D.
In a situation like that I'd say, why not just sell those extra 50k shares you decided to keep indefinitely.
Retained Earnings are good for us as shareholders and will lead to a faster payback. http://bit.ly/W15QPs |
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I assume you powered up one of these 'rackable units' as an interim step with one or more boards in it.
How did it do?
WOuld assume that's the good news Yes, you're probably right.  Reckon I just got somewhat confused by the pictures and don't really understand what I'm seeing in them. Looking at the top image I had the impression they were full length boards and assumed that each one was a 'hashing board'. However, in the bottom row of the bottom image it is clear to see that these take up only about a half of the cage depth at most. Perhaps what we're seeing here is ten power supply modules (psm) in each cage? Awaiting the addition of ten hashing boards? (But they don't, to me, look like the picture of a psm posted in: https://bitcointalk.org/index.php?topic=99497.msg1493791#msg1493791) If so, I don't see where the hashing boards will be inserted. Hmmm, perhaps that front 'black bar' is a two slot 'back plane'? And each hashing board plugs in next to each psm? Regardless, all idle speculation. We will know all we need to know soon enough.  Those look like the board in the front-left back-right of the photo, the hashing boards with no VM connectors or heatsinks. (EDIT: I just saw the heatsinks, they are on the opposite side of the PCB from the camera and don't stand out, but they have heatsinks!) I'd say they are either real boards or engineering samples from the PCB layout process used to validate components fit in the case. I'm assuming that the final unit will look like a lot of blade-server or telco systems with a mid-plane/backplane behind these boards that connects to one or more VRM modules as well as a controller or other upstream connection. This is very good news for upgradability with newer generations of hashing boards (they could even make them hot-swap if they wanted to spend the effort) Very nice work guys! |
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I'll point out that you are the second guy in a hat & mask, who promises to make everyone super rich
evoorhees real world identity is well known That's what they said about the 1st guy too. A dozen of his disciples even sat down to eat with him in Vegas. True. Just seemed to me that EskimoBob was trying to imply that Erik was hiding his identity. Of course knowing who evoorhees is and being able to do anything about it if something goes wrong with SDice are two different things. Don't get me wrong, I probably think SDice shares are far more risky than most and that's why I wouldn't buy them at the current price. Wrong. Let me give you a 10 BTC hint  Guys in funny hats and masks creep me out.. lol I want this guy to be a good and honest man. I honestly do. Here is a video with him and Roger Ver from late last year: http://calvinayre.com/2012/12/21/business/interview-eric-vorhees-roger-ver-ao-video/He DOES look cooler with the mask (Sorry Eric, I would too) |
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HOly shit i missed this action.
how many rounds have their been so far, just the one?
when is the next round?
is their some kind of schedule?
can lightbox PLEASE issue an 'IPO' on havelock, the little guys want in on this!!!
We did buy some units from this offering. We bought 120,000 of the 1,000,000 (12%). It was posted ahead of time in the "updates" section of the fund on our site, so people knew in advance how it was going to work. We needed about 30,000 more to satisfy all the bids in our order book at the time, so I apologize I didn't snap up enough... I think people placed their bids on Havelock at the last minute so my guestimate was a little low. They were NOT released as a "public offering" - they were done in the exact same way as MPEX - on the open market with a LIMIT price, where higher bids get filled first, down to the limit price. We'll do the same thing tonight, using an amount guestimated from the open bids in our orderbook. Cheers, James I missed on that one, lots of greedy (like puppies, not Scrooge McDuck) folks wanted to give you extra money, and who can blame you for taking it. I'm out for today since someone was nice enough to dump at .0060 on BitFunder AFTER the .0062 announcement last night... |
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And jibinkor is the last one in.
Thanks again to every single investor, large or small, I appreciate your trust and I will hope to repay it some day (in addition to this loan, or course!)
Off to the races markets!
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Almost there!
Thanks og2k, Simplyfun, and rkjnsn!
I'll close it out and make my first payment as soon as it's fully funded, or 3PM EST today, whichever comes first.
Only BTC1.21649 left!
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Thanks SynOps, User #1391 and User #751!
For timing reasons I will be closing the loan offering at 1PM EST tomorrow 3PM EST today due to the great response, please help me get it fully funded by then!
Only BTC8.71649 and 1 day left!
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Though I don't know if this is "Gambling" or "Service Discussion". (This thread isn't exactly a solicitation to gamble, after all...)
Or maybe even Securities as it is about the financials of SatoshiDice. +1 |
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Thanks danieldaniel, Akka, and Oliver Smiles!
Only BTC9.12247 left!.
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