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elitenoob
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March 08, 2014, 06:18:18 PM |
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WHAT?
W00t edit: i dont really get it but it means bondholders are actually fuked up? |
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countduckula
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March 08, 2014, 06:24:57 PM |
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Looks like it, we're really fucked up if thats how it looks, no more waiting for the jump on speed in march since we will get less and less crap, our bonds will be worthless.
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Lab_Rat (OP)
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March 08, 2014, 06:30:09 PM |
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Continuing to pay out dividends is the better of the options considering the other route would be to dissolve and discontinue LRM as a whole. Neither of which are desired options, but the difficult choice had to be made.
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mrstef
Newbie
 Offline
Activity: 40
Merit: 0
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March 08, 2014, 06:31:23 PM |
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Does that mean current shares = 300Mh/s per share and all future shares will be 100Mh/s per share?
Does that scale with added hashrate to our network, or does that mean a fixed 100Mh/s regardless of future inclusions?
At the current rate going rate (0.05 btc/share?), making that back with 100Mh/s is essentially impossible?
I'm confused? I thought we owned shares representing a fraction of the total mining capabilities of Lab_Rat LLC? What's changed?
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fractal02
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March 08, 2014, 06:31:40 PM |
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WTF ?!?  So we have now bonds worth 100 mh/s ? But in triple for current owners ? is that ? 
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Lab_Rat (OP)
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March 08, 2014, 06:33:27 PM |
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This update means that if you previously had 100 contracts, you now have 300 contracts. The contracts are now all worth 100MH/s each and will remain that way indefinitely.
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countduckula
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March 08, 2014, 06:35:20 PM |
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Can you be more specific on why we end up this way?
Why shut down? Is your new job forcing you to go this way?
What about all the hardware WE purchased with OUR produced bitcoins to improve this?
What is going on exactly that you claim that the other choice is shutting down?
Who in the right mind will pay $0.05 for a fixed rate of 100mh when you can get at cex 2.5gh for the same price. I guess you need to be MUCH MORE DETAILED in your replies.
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fractal02
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March 08, 2014, 06:35:45 PM |
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Continuing to pay out dividends is the better of the options considering the other route would be to dissolve and discontinue LRM as a whole. Neither of which are desired options, but the difficult choice had to be made.
Please explain !  We all were very patient, and now you put this here...just like that... |
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mrstef
Newbie
Offline
Activity: 40
Merit: 0
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March 08, 2014, 06:37:45 PM |
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This update means that if you previously had 100 contracts, you now have 300 contracts. The contracts are now all worth 100MH/s each and will remain that way indefinitely.
So with the addition of new hardware, where does that unallocated/unsold hashing power go? |
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Lab_Rat (OP)
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March 08, 2014, 06:40:38 PM |
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I'm here to answer the questions I can so feel free to ask.
The issues at hand are both on a state and federal level regarding multiple topics. The specifics of these statutes will be presented in a timely manner.
I have not done any work for CoinSeed in weeks and don't believe I will have a major if any further involvement in CoinSeed. This is yet to be determined by Merlin Kauffman.
The newly issued contracts price will be changed.
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fractal02
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March 08, 2014, 06:42:59 PM |
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Can you be more specific on why we end up this way?
Why shut down? Is your new job forcing you to go this way?
What about all the hardware WE purchased with OUR produced bitcoins to improve this?
What is going on exactly that you claim that the other choice is shutting down?
Who in the right mind will pay $0.05 for a fixed rate of 100mh when you can get at cex 2.5gh for the same price. I guess you need to be MUCH MORE DETAILED in your replies.
Where is the "150 TH/s" from BF ? The MT.gox shutdown have impacted LRM ? |
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mufa23
Legendary
Offline
Activity: 1022
Merit: 1001
I'd fight Gandhi.
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March 08, 2014, 06:44:45 PM |
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I'd like to have some sort of update on the trading platform you talked about months ago that was supposedly high on your to-do list: 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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countduckula
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March 08, 2014, 06:45:34 PM |
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We paid for a large sum of hardware to be coming in on several months, and i want to know what will happen with that.
If you receive 150 th.. what are you going to do with the rest? we invested in you, this is extremely dissapointing (and im really being polite here, im sure some are not going to take this lightly)
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Lab_Rat (OP)
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March 08, 2014, 06:52:10 PM |
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Mt. Gox did not effect LRM.
The trading platform is still being worked on. It's in Alpha testing, but it is not owned, operated, or affiliated with LRM.
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countduckula
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March 08, 2014, 06:52:50 PM |
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Hardware topic plz, incoming hardware questions and details.
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fractal02
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March 08, 2014, 06:53:44 PM |
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You pre-mined 2 weeks with hardware at the higher BTC rate.
You make a large profit for re-invest,(reminds coindesk article with the 150 TH/s, or is this a lie?).
Where is the money ?
I'm starting to think all this thing smell very fishy...
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Lab_Rat (OP)
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March 08, 2014, 06:56:56 PM |
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You pre-mined 2 weeks with hardware at the higher BTC rate.
You make a large profit for re-invest,(reminds coindesk article with the 150 TH/s, or is this a lie?).
Where is the money ?
I'm starting to think all this thing smell very fishy...
I'm working on a way to fix this. |
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elitenoob
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March 08, 2014, 06:57:46 PM |
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So 100 mh/s is the max a contract can go for? So why are you able to tripple our existing contracts? Would it be possible to increase the ammount of existing contracts of bondholders even more when additional hardware and stuff comes in?
And would it be even possible to run this company in another country with less stupid laws? Ok, doubt so because you wouldn't be able to run it by yourself anymore...or do i think wrong?
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Frankthechicken
Member
Offline
Activity: 112
Merit: 10
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March 08, 2014, 06:58:02 PM |
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So bonds have been essentially split 3 for 1 with each bond permanently worth 100 MH/s.
Will bonds be split again in the future as new hardware arrives? Is that the plan? I sure hope so. That seems the only way this investment can be salvaged for everyone involved here.
Are you continuing to work on a legal means to make this better for existing bond holders?
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