"( The controller board also has and expansion for additional linux devices for future upgrade/ second generation)"
so can we expect, at some points, our dividend to be hold once to upgrade the chip to second generation for a better hashrate?
Hey, good question! In order to make addiction a long-term succes we have to think about a reinvestment policy yeah. We're not sure how we are going to do that but keeping a part of the dividends to expand is certainly an option. We'll see when we get there I guess
We'll keep in close contact with KnC so we know if and when we can upgrade..
PS Guys, if you haven't checked it out, please take a look at our investment fund idea here:
https://bitcointalk.org/index.php?topic=277191.0Cheers!
I vote a huge and tremendous NO (as loud as I can!) to mandatory reinvestment of dividends.
1) It was a group buy, individual share holders should choose how much they are willing to reinvest and how.
2) Network growth rate and product offerins is unpredictable, and an arbitrarily chosen reinvestment rate may not be enough to keep up with growth. In that case, no reinvestment and the ability to cash out without losing money on investing on more hardware will be impossible.
3) It will destroy the known value of ADDICTION (and replace it with pure speculation) -- reinvestment are not transparent and there is no investor control, it's hard to valuate shares
4) there are "managed group buys" (LabRat, Nasty, IceDrill) that do mandatory reinvestment. ADDICTION is a different offering in that you can choose how much reinvestment there is and what to buy next. Don't turn this "true" group buy into a "managed" group buy. This is one of the reasons I like it so much, you put the power back in the hands of investors.
5) you know longer let the market choose what a viable investment is and instead force them on investors.
I vote a loud YES to keep on doing what you're good and unique at!
1) Offer group buys, raise funds and buy equipment, and distribute shares so that the hash rate of individual shares stays the same. (I believe this is actually what you say you will do on the description in bitfunder)
1a) offer group buys of diversified hardware -- you can expand beyond KNC and it still works with your model.
2) People can reinvest and buy more shares on bitfunder with their dividends as they need to see fit.
Yes, share valuation and dividend per share will continually decrease, but more shares will be made available so market cap and total dividends will constant if you keep a constant share of the network. If you have too many small shares outstanding, see if bitfunder can do a reverse-split.
As bitcoin securities go, I'd love to see ADDICTION be the (only?) offering that follows this model -- I think the other models introduce unnecessary risk that can reduce or destroy profit.
