[BitFunder] Bitcoin Pride - Bitcoin Shirts

[superbit]

Too lazy to submit a design, but make a Silk Roads one.

[molecular]

Too lazy to submit a design, but make a Silk Roads one.

That might be unethical and/or infringement. Could also make this website a target for other problems.

Are you serious? I don't think dread pirate roberts would sue him.

What do you mean by "this website"? Bitcoinpride or SR?

[molecular]

Dividends for 3/9/13 - 3/22/13 released.

Profit: 15.50 BTC

Next dividend payout: March 31st.

P&L Statement
https://docs.google.com/file/d/0B8jhaL_imOkwNVYwSzR4TFlveEU/edit?usp=sharing

Nice dividend. Amounts to roughly 1% at current share price if I calculated correctly. Per week! Thanks, great work!

[molecular]

these shirt-links in the footer should be clickable links, no?

EDIT: I also suggest to put either "bitcoinpride" and/or "bitpride" into the subject of this thread. I had trouble finding it. (although my bitcointalk search skills suck, I think others might have problems, too)

[FlipPro]

Dividends paid 7.50 BTC.

P&L report should be out tomorrow.

Also we have been working on alot of fixes/changes on our site.

We will be migrating it to an independent VPS (as we have had many users with DNS server issues. )

Stay tuned for more updates soon.

[dashteeb]

Bitcoin Pride, you guys should contact Marc Fennell (https://twitter.com/marcfennell) to see if you can make a deal to use his designs for your t-shirts!  If you haven't seen the awesome video he did yet, check it out.  http://vimeo.com/63502573

[DebitMe]

Any word on the dividind for last week?

[Deprived]

Any word on the dividind for last week?

Nah, Bitpride, btcQwik and Ziggap appear to be having some private competition to see who can miss deadlines/fail to produce accounts/not deliver on dividends the most.  Ziggap's ahead but the other two are definitely putting up some strong competition.

[Francesco]

Any word on the dividind for last week?

Nah, Bitpride, btcQwik and Ziggap appear to be having some private competition to see who can miss deadlines/fail to produce accounts/not deliver on dividends the most.  Ziggap's ahead but the other two are definitely putting up some strong competition.

BtcQuick lost, it seems. Let's hope we're next

[FlipPro]

WE ARE SORRY FOR THE DELAY WE HAVE BEEN SUPER BUSY WITH ACCOUNTING AND APOLOGIZE FOR THE WAIT.

ANNOUNCING RECORD PROFITS!!!

฿28.50000228 PAID

BITCOIN PRIDE REDDIT AD WAS FEATURED ON BLOOMBERG TV!!!

http://www.youtube.com/watch?v=CdVVECKKSXo&feature=youtu.be

PLEASE STAY TUNED FOR 2ND VIRTUAL PUBLIC OFFERING !!!

[wisard]

Can you put up the P&L and the sales numbers so that folks can valuate it and figure out for themselves if 0.00004BTC per share is worth it or not?

[FlipPro]

Can you put up the P&L and the sales numbers so that folks can valuate it and figure out for themselves if 0.00004BTC per share is worth it or not?

Sorry for the delays on the P&L's. We have 2 weeks worth of reports on the way.

Thanks for all the patience folks. We are excited to have all of you by our side during this explosive growth.

[molecular]

ANNOUNCING RECORD PROFITS!!!

฿28.50000228 PAID

A dividend of 0.00000057 BTC/share was paid on bitfunder.

Taking price of 0.00004 BTC/share (the new offer), this translates to 1.425 % /week = 108% /year.

Seems like a good investment to me.

(those are just numbers, not projections of future profit)

[Deprived]

ANNOUNCING RECORD PROFITS!!!

฿28.50000228 PAID

A dividend of 0.00000057 BTC/share was paid on bitfunder.

Taking price of 0.00004 BTC/share (the new offer), this translates to 1.425 % /week = 108% /year.

Seems like a good investment to me.

(those are just numbers, not projections of future profit)

Question is: are those actual profits?  It's easy to dividend out some of your capital (by not deducting all costs before claiming a profit) to try to attract interest in your shares.  Also remember their sales are in USD (even if transacted in BTC they set prices in USD) - so with BTC having fallen sharply the same USD sales as in rpevious perod would generate more BTC profit.  Whilst that's great it has to be taken into account when looking at growth - as we can't expect BTC to lose 2/3 of its value every week.

Some weeks back they paid for advertising on reddit.  If thats not counted in when working out profits then the figures are rather deceptive.  And that's a problem I've seen on lots of BTC "businesses" - that they calculate profits in a very perverse manner.

What I want to see in accounts is a statement of all accounts at the start of a period and then a statement for the end - with profit being the difference between the two.  Unfortunately what we often get (mining companies being the worse for this) is income less immediate operational costs being all called profit - and dividended out causing a fall in book value.  That leads to the situation where new investment regularly has to be raised to continue paying out old investment - a business model that has only ever worked well for ponzis.  Alternative being a fall in share price followed by collapse when capital is finally depleted (see Ziggap).

I'm hoping that isn't the case here - and these represent actual profits with no loss to the capital of the company.  But I'm not optimistic that's the case given the rush to shovel out more shares without even publishing the accounts.

Incidentally, has anyone worked out what "overwhelming demand" these shares are being sold in response to?  Does the company have an overwhelming demand for more capital maybe?  It certainly isn't an overwhelming demand for more shares - as there's only two sizable Bids up at non-trivial prices.  And both those are well below last IPO batch price.  There was one decent sized panic-buy after the dividend was paid but otherwise no indication of any significant demand whatsoever.

[FlipPro]

CURRENT P&L REPORT FOR @BITPRIDE

https://docs.google.com/file/d/0B8jhaL_imOkwS0Zkai1TdW1NQVU/edit?usp=sharing

--------

We apologize for the delays.. We have been extremely busy filling orders, and integrating several new features to our website.

Congratulations to the winner of the design contest for winning $325 prize.

Look out for his T-Shirt coming soon for sale at our store!

Because of the wild fluctuating price we have removed the buy now cart, and instead are using a web form for all BTC related purchases. This allows us to communicate to our customers directly and set up deals that are more beneficial for the company. Because of the increased attention we want to direct our focus to our customers and ensure that all outstanding orders are filled.

Please stay tuned for more updates!

-Flip

[stenkross]

I am unable to open the P&L Report
All I get is a blank screen (using Chrome, latest version).

Is it just me, or is there a problem with the excel sheet?

[strello]

You need to be logged in to your Google account before it will open.

[stenkross]

You need to be logged in to your Google account before it will open.

 
Ahhh, thanx

[talnted]

I would buy a shirt if it had the silk road logo..

[inh]

No dividends for last week?