mboehler
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Activity: 68
Merit: 10
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February 28, 2014, 01:55:31 PM |
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Who's Lab Rat?
 Or using satire to comment on the frequency of posts by Lab Rat. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Doff
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February 28, 2014, 02:53:33 PM |
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Spot on mboehler.
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BKM
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February 28, 2014, 04:06:19 PM |
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spuushie
Member
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Activity: 67
Merit: 10
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February 28, 2014, 04:37:51 PM |
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I don't think so. It is BFL, Bitfury and that Asic project. Hope I am wrong... |
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||bit
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February 28, 2014, 06:37:04 PM |
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Div's going out today?
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grnbrg
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February 28, 2014, 06:38:58 PM |
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Div's going out today?
It's Friday. Divs will be sent out tomorrow, around 24 hours (give or take a couple) from now. grnbrg. |
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M31
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March 01, 2014, 07:45:47 PM |
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Looking forward to big changes this month. BFL seems to have the monarch sorted - wonder if Josh himself can deliver them!?  Any fun news LR? EDIT: divs seem up a little. That's fun news  |
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||bit
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March 01, 2014, 07:52:20 PM |
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Div's going out today?
It's Friday. Divs will be sent out tomorrow, around 24 hours (give or take a couple) from now. grnbrg. Yeah, I was off a bit  I spent about the whole day yesterday thinking it was Saturday for some reason. |
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CumpsD
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March 01, 2014, 07:55:46 PM |
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Just received divs
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hamburgerhelper
Member
Offline
Activity: 83
Merit: 10
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March 01, 2014, 09:13:49 PM |
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The dividends are not up. They are falling every week, which is as expected when no hardware is added or if LRM sells more bonds (for most of the last 6 months he's done both).
The last 7 day period payout was 2/8/2014 which paid 0.35% of my personal investment (this will not be the same for anyone else). This week payed 0.29%. Unless more hardware is added, the weekly dividend will appear to most people to be a rounding error. As a reference (again, this won't be the same for anyone else) I've made back 14.96% of my investment. If you're bad at math (don't feel bad, I'm bad at it too - I'm also bad at investing), this means that I've lost 85.04% of my investment so far.
That number is ever so slowly decreasing as time goes on. I'll be lucky if I only lose 80% when Zach decides that LRM is not worth his time anymore.
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contactmike1
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March 01, 2014, 09:38:10 PM |
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The dividends are not up. They are falling every week, which is as expected when no hardware is added or if LRM sells more bonds (for most of the last 6 months he's done both).
The last 7 day period payout was 2/8/2014 which paid 0.35% of my personal investment (this will not be the same for anyone else). This week payed 0.29%. Unless more hardware is added, the weekly dividend will appear to most people to be a rounding error. As a reference (again, this won't be the same for anyone else) I've made back 14.96% of my investment. If you're bad at math (don't feel bad, I'm bad at it too - I'm also bad at investing), this means that I've lost 85.04% of my investment so far.
That number is ever so slowly decreasing as time goes on. I'll be lucky if I only lose 80% when Zach decides that LRM is not worth his time anymore.
Your bonds still have market value you can sell them for. Your "loss" will be much less if you sell your bonds, so sell out if you don't think you will get a good return on labrat. However, I don't think anyone was expecting to get a 100% return in 6 months. While communication is sparse, I think labrat will continue to add hardware and service his contract. The break even horizon is probably a couple years unless you sell some holdings to shore up the difference. |
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hamburgerhelper
Member
Offline
Activity: 83
Merit: 10
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March 01, 2014, 10:13:30 PM |
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The dividends are not up. They are falling every week, which is as expected when no hardware is added or if LRM sells more bonds (for most of the last 6 months he's done both).
The last 7 day period payout was 2/8/2014 which paid 0.35% of my personal investment (this will not be the same for anyone else). This week payed 0.29%. Unless more hardware is added, the weekly dividend will appear to most people to be a rounding error. As a reference (again, this won't be the same for anyone else) I've made back 14.96% of my investment. If you're bad at math (don't feel bad, I'm bad at it too - I'm also bad at investing), this means that I've lost 85.04% of my investment so far.
That number is ever so slowly decreasing as time goes on. I'll be lucky if I only lose 80% when Zach decides that LRM is not worth his time anymore.
Your bonds still have market value you can sell them for. LMFAO Thanks for the chuckle. |
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sparky999
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March 01, 2014, 11:14:31 PM |
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This has gone beyond a joke now, we have all been more than patient but I am done being patient. Labrat is no longer fulfilling his obligations to bond holders. He doesn't even post the details of the dividends any more. Everything I said when the coin seed deal was announced has come true. Labrat has taken a better paid job and now no llonger has time to service his obligations to bond holders. Things will only get worse over the coming weeks. The time for patience has passed lab rat 's failure to fulfill his obligations is reducing the value of all bonds and I am stunned that the rest of bond holders are ok with this.
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elitenoob
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March 01, 2014, 11:23:08 PM |
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+1 not funny anymore
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fractal02
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March 01, 2014, 11:42:21 PM |
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Dividends details take less than 10 minutes to post...
It's barely the minimum LabRat must do for bondholders.
I find this attitude very unprofessional and nearly disrespectful for us.
Maybee all the FUD impact me, but in Bitcoin world, no communication is never good :/
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Flashman
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March 02, 2014, 12:11:28 AM |
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It is becoming worrying...
On the bright side, for the same BTC invested, it looks like LRM is paying out in a WEEK, what Icedrill will pay out EVER not counting that they haven't got their dividend distribution set up yet, boy do I ever regret letting one LRM share go to "diversify".
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TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
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sparky999
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March 02, 2014, 01:01:20 AM |
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There is no FUD, I told you all this would happen half of you laughed and the others said just be patient for a couple of weeks. . . This has so far played out exactly how I suggested
LRM is nothing but an annoying side project for zach now
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mufa23
Legendary
Offline
Activity: 1022
Merit: 1001
I'd fight Gandhi.
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March 02, 2014, 03:26:16 AM |
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Any updates on the trading engine? Would love to buy/sell/trade LRM bonds once again (not through an SMF forum). BitFunder was a long time ago...
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Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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sparky999
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March 02, 2014, 07:57:10 AM |
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Any updates on the trading engine? Would love to buy/sell/trade LRM bonds once again (not through an SMF forum). BitFunder was a long time ago...
Haha that's a good one. You do realise zach hasn't done or said anything to suggest that these bonds will ever be listed on an exchange again right? |
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mufa23
Legendary
Offline
Activity: 1022
Merit: 1001
I'd fight Gandhi.
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March 02, 2014, 08:24:28 AM |
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Any updates on the trading engine? Would love to buy/sell/trade LRM bonds once again (not through an SMF forum). BitFunder was a long time ago...
Haha that's a good one. You do realise zach hasn't done or said anything to suggest that these bonds will ever be listed on an exchange again right? But you're wrong... The trading platform is next on my list after making stats public, as I said I was busy through thursday of this past week. From here on out I should have worlds of time to throw at making LRM everything it should be.
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Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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