-

[VinceSamios]

I'm officially out of this mess.  I have requested that LRM burn my shares and no longer pay anything to my wallets.  Thank god I tested the waters (put a small amount in to be able to watch) before putting the rest of hardware budget into it. 

Those who lost larger amounts have my sympathy.  Feel free to contact me if you need help with anymore of this.  I got away with minimal loss and after consideration realize, it's just not worth the time. 

These shares are worthless to me. G' luck peeps. . .peace out.  Not worth my time. 

TLDR: wah wah wah tantrum wah

[1715266341]

1715266341

[1715266341]

1715266341

[xuyongpku]

Can someone generate a list of Dividends paid per share (old/new/whatever just specify) that have been paid since the over-payment in January?

DISCLAIMER:  I suck at math.

  Date                  Dividend/Share
25-Jan-2014      Overpayment day
01-Feb-2014      0.00040567
08-Feb-2014      0.00043432
15-Feb-2014      0.00043547
22-Feb-2014      0.00024280
01-Mar-2014      0.00036032
08-Mar-2014      0.00025698
       Contract Split                 If Bonds hadn't split
15-Mar-2014      0.00009648     0.00028944
22-Mar-2014      0.00008908     0.00026725
29-Mar-2014      0.00007614     0.00022843
05-Apr-2014      0.00007495     0.00022486
12-Apr-2014      0.00005861     0.00017583
19-Apr-2014      0.00005671     0.00017012
26-Apr-2014      0.00004973     0.00014920
03-May-2014     0.00004359     0.00013076
  Accepted New Contract
10-May-2014     0.00066619      0.00199856     (~15.28x increase over the week before)

why is my dividend only 0.00012653BTC per bond this week?

[ICantThinkOfaName]

Can someone generate a list of Dividends paid per share (old/new/whatever just specify) that have been paid since the over-payment in January?

DISCLAIMER:  I suck at math.

  Date                  Dividend/Share
25-Jan-2014      Overpayment day
01-Feb-2014      0.00040567
08-Feb-2014      0.00043432
15-Feb-2014      0.00043547
22-Feb-2014      0.00024280
01-Mar-2014      0.00036032
08-Mar-2014      0.00025698
       Contract Split                 If Bonds hadn't split
15-Mar-2014      0.00009648     0.00028944
22-Mar-2014      0.00008908     0.00026725
29-Mar-2014      0.00007614     0.00022843
05-Apr-2014      0.00007495     0.00022486
12-Apr-2014      0.00005861     0.00017583
19-Apr-2014      0.00005671     0.00017012
26-Apr-2014      0.00004973     0.00014920
03-May-2014     0.00004359     0.00013076
  Accepted New Contract
10-May-2014     0.00066619      0.00199856     (~15.28x increase over the week before)

why is my dividend only 0.00012653BTC per bond this week?

Did you email Lab Rat to accept the new contract before May 10th?

[well.attenuated]

Can someone generate a list of Dividends paid per share (old/new/whatever just specify) that have been paid since the over-payment in January?

DISCLAIMER:  I suck at math.

  Date                  Dividend/Share
25-Jan-2014      Overpayment day
01-Feb-2014      0.00040567
08-Feb-2014      0.00043432
15-Feb-2014      0.00043547
22-Feb-2014      0.00024280
01-Mar-2014      0.00036032
08-Mar-2014      0.00025698
       Contract Split                 If Bonds hadn't split
15-Mar-2014      0.00009648     0.00028944
22-Mar-2014      0.00008908     0.00026725
29-Mar-2014      0.00007614     0.00022843
05-Apr-2014      0.00007495     0.00022486
12-Apr-2014      0.00005861     0.00017583
19-Apr-2014      0.00005671     0.00017012
26-Apr-2014      0.00004973     0.00014920
03-May-2014     0.00004359     0.00013076
  Accepted New Contract
10-May-2014     0.00066619      0.00199856     (~15.28x increase over the week before)

Awesome, thanks

[runam0k]

We need an exchange...

LabRat, put that on Cryptostock or Havelock...for god sake...
We need trading our...<put random name here>.

I know Bitfunder was a pretty bad story...but trading on a forum post is just a pain :/

Colored Coins is about to start/open/become a thing.

[Endlessa]

I'm officially out of this mess.  I have requested that LRM burn my shares and no longer pay anything to my wallets.  Thank god I tested the waters (put a small amount in to be able to watch) before putting the rest of hardware budget into it. 

Those who lost larger amounts have my sympathy.  Feel free to contact me if you need help with anymore of this.  I got away with minimal loss and after consideration realize, it's just not worth the time. 

These shares are worthless to me. G' luck peeps. . .peace out.  Not worth my time. 

TLDR: wah wah wah tantrum wah

OMG the ball-less wonder takes another cheap shot on my way out. . . that's so unexpected.

One last Dear Diary:

Dear Diary,

Today Vince Samios, yes THE Vince Samios of Viral/Social Marketing Fame!, expressed some very elegantly worded disdain for me.  I was crushed and I think I might end it all. . . . or NOT.

[grnbrg]

I'm officially out of this mess.  I have requested that LRM burn my shares and no longer pay anything to my wallets.  Thank god I tested the waters (put a small amount in to be able to watch) before putting the rest of hardware budget into it. 

Those who lost larger amounts have my sympathy.  Feel free to contact me if you need help with anymore of this.  I got away with minimal loss and after consideration realize, it's just not worth the time. 

These shares are worthless to me. G' luck peeps. . .peace out.  Not worth my time. 

TLDR: wah wah wah tantrum wah

OMG the ball-less wonder takes another cheap shot on my way out. . . that's so unexpected.

One last Dear Diary:

Dear Diary,

Today Vince Samios, yes THE Vince Samios of Viral/Social Marketing Fame!, expressed some very elegantly worded disdain for me.  I was crushed and I think I might end it all. . . . or NOT.

Endlessa -- Sorry to see you go.  May you have better luck in other endeavours. 



grnbrg.

[Endlessa]

I'm officially out of this mess.  I have requested that LRM burn my shares and no longer pay anything to my wallets.  Thank god I tested the waters (put a small amount in to be able to watch) before putting the rest of hardware budget into it. 

Those who lost larger amounts have my sympathy.  Feel free to contact me if you need help with anymore of this.  I got away with minimal loss and after consideration realize, it's just not worth the time. 

These shares are worthless to me. G' luck peeps. . .peace out.  Not worth my time. 

TLDR: wah wah wah tantrum wah

OMG the ball-less wonder takes another cheap shot on my way out. . . that's so unexpected.

One last Dear Diary:

Dear Diary,

Today Vince Samios, yes THE Vince Samios of Viral/Social Marketing Fame!, expressed some very elegantly worded disdain for me.  I was crushed and I think I might end it all. . . . or NOT.

Endlessa -- Sorry to see you go.  May you have better luck in other endeavours. 



grnbrg.

Hey, I have no hard feelings to you (even when we might not see eye to eye) It's been a long road, I said my piece directly to LR in email.  It's best I walk away, cool off, and move on.  For the sake of people,some of whom I consider friends, I hope it works out well and is made whole.  For me, I just got a new PC in the mail after blowing the caps on my old one.  I'll unbox it and by the time I've assembled it into it's case, I'll have forgotten all about this.  Hehe best of luck

[MWNinja]

I've been thinking about this and I think Zach totally is trying to do the right thing by all of us. I'm trusting he didn't go buy a Ferrari with our money, and that we now have substantial hashrate and even more on the way. I just really wish there were more transparency.  It's really not *that* hard to have a transparent operation.

[Mindsync Miner]

I've been thinking about this and I think Zach totally is trying to do the right thing by all of us. I'm trusting he didn't go buy a Ferrari with our money, and that we now have substantial hashrate and even more on the way. I just really wish there were more transparency.  It's really not *that* hard to have a transparent operation.

Correct. Up until now the supposition has been that LR was gagged by his legal counsel so he couldn't disclose certain things or make promises outside the bindings of the contract.

Now that the new contract is in effect are we going to get some clear communication from LR? Please just chime in to let us know info is coming if you're not ready yet.

Many here have put our trust in you Labby. The bonus was appreciated but it's hard to tell what's going on. The vacuum of information just fans the fear and speculation. Our contracts have nearly zero sale value until there's clarity.

Please offer transparency or if not tell us why you're unable to offer it.

[ICantThinkOfaName]

So it sounds like we're only getting an exchange if we set it up ourselves.  I'm thinking colored coins is probably the best way to go about it.  Thoughts?

[Flashman]

Bear in mind, exchange of any type = publicly traded, and LRM don't want that.

[ICantThinkOfaName]

Bear in mind, exchange of any type = publicly traded, and LRM don't want that.

How public is public though?  This forum is public and shares/bonds/contracts are trading here already.

Edit:  LR has also indicated someone was working on an exchange at some point, so he's not totally against the idea.

[maqifrnswa]

Bear in mind, exchange of any type = publicly traded, and LRM don't want that.

How public is public though?  This forum is public and shares/bonds/contracts are trading here already.

Edit:  LR has also indicated someone was working on an exchange at some point, so he's not totally against the idea.

From what I've pieced together, the contracts now look "legal" (although very difficult to valuate) and are clean. He's legally allowed to sell them to anyone. Once you own them, they are your property and you can sell them to someone else (within some limits so you don't draw attention to yourself as selling unregistered securities). However, running something that is an exchange (centralized place where people can trade contracts) requires more regulations. He doesn't want to get involved with that. Whether it's public or not doesn't matter, any centralized market is a regulatory liability for the operator. That's why it appears his lawyer is ok with someone else setting it up an exchange in a permissive jurisdiction. There is some regulatory liability placed on participants in the market, especially if you are a large holder of shares (selling unregistered securities), but that is kind of a stretch and might not be worth anyone from the SEC's time to look into.

Two things LRM contracts need, in order to have any value in the future, are a working exchange and enough information for people to value how much shares are really worth. Well, in theory, LRM only needs to have a way of accurately assigning value to shares (since that will allow direct, one-time, sales), the exchange is icing and will increase the value of the direct, one-time sales.

[LostDutchman]

Bear in mind, exchange of any type = publicly traded, and LRM don't want that.

How public is public though?  This forum is public and shares/bonds/contracts are trading here already.

Edit:  LR has also indicated someone was working on an exchange at some point, so he's not totally against the idea.

From what I've pieced together, the contracts now look "legal" (although very difficult to valuate) and are clean. He's legally allowed to sell them to anyone. Once you own them, they are your property and you can sell them to someone else (within some limits so you don't draw attention to yourself as selling unregistered securities). However, running something that is an exchange (centralized place where people can trade contracts) requires more regulations. He doesn't want to get involved with that. Whether it's public or not doesn't matter, any centralized market is a regulatory liability for the operator. That's why it appears his lawyer is ok with someone else setting it up an exchange in a permissive jurisdiction. There is some regulatory liability placed on participants in the market, especially if you are a large holder of shares (selling unregistered securities), but that is kind of a stretch and might not be worth anyone from the SEC's time to look into.

Two things LRM contracts need, in order to have any value in the future, are a working exchange and enough information for people to value how much shares are really worth. Well, in theory, LRM only needs to have a way of accurately assigning value to shares (since that will allow direct, one-time, sales), the exchange is icing and will increase the value of the direct, one-time sales.

" Once you own them, they are your property and you can sell them to someone else (within some limits so you don't draw attention to yourself as selling unregistered securities)."

Are Lab_Rat's contracts "registered" with anyone?

I don't think so, so what difference would it make what you do with your own property?

[maqifrnswa]

Bear in mind, exchange of any type = publicly traded, and LRM don't want that.

How public is public though?  This forum is public and shares/bonds/contracts are trading here already.

Edit:  LR has also indicated someone was working on an exchange at some point, so he's not totally against the idea.

From what I've pieced together, the contracts now look "legal" (although very difficult to valuate) and are clean. He's legally allowed to sell them to anyone. Once you own them, they are your property and you can sell them to someone else (within some limits so you don't draw attention to yourself as selling unregistered securities). However, running something that is an exchange (centralized place where people can trade contracts) requires more regulations. He doesn't want to get involved with that. Whether it's public or not doesn't matter, any centralized market is a regulatory liability for the operator. That's why it appears his lawyer is ok with someone else setting it up an exchange in a permissive jurisdiction. There is some regulatory liability placed on participants in the market, especially if you are a large holder of shares (selling unregistered securities), but that is kind of a stretch and might not be worth anyone from the SEC's time to look into.

Two things LRM contracts need, in order to have any value in the future, are a working exchange and enough information for people to value how much shares are really worth. Well, in theory, LRM only needs to have a way of accurately assigning value to shares (since that will allow direct, one-time, sales), the exchange is icing and will increase the value of the direct, one-time sales.

" Once you own them, they are your property and you can sell them to someone else (within some limits so you don't draw attention to yourself as selling unregistered securities)."

Are Lab_Rat's contracts "registered" with anyone?

I don't think so, so what difference would it make what you do with your own property?

Because it becomes really close to being a security:

The term ‘‘security’’ means any note, stock, treasury
stock, security future, security-based swap, bond, debenture,
evidence of indebtedness, certificate of interest or participation
in any profit-sharing agreement, collateral-trust certificate,
preorganization certificate or subscription, transferable share,
investment contract, voting-trust certificate, certificate of de-
posit for a security, fractional undivided interest in oil, gas, or
other mineral rights, any put, call, straddle, option, or privilege
on any security, certificate of deposit, or group or index of secu-
rities (including any interest therein or based on the value
thereof), or any put, call, straddle, option, or privilege entered
into on a national securities exchange relating to foreign cur-
rency, or, in general, any interest or instrument commonly
known as a ‘‘security’’, or any certificate of interest or partici-
pation in, temporary or interim certificate for, receipt for, guar-
antee of, or warrant or right to subscribe to or purchase, any
of the foregoing.

 - you start to push a gray area between a hardware contract and a security (as a profit sharing agreement). You are not free to sell securities however you'd like, even though they are your property.

[LostDutchman]

Bear in mind, exchange of any type = publicly traded, and LRM don't want that.

How public is public though?  This forum is public and shares/bonds/contracts are trading here already.

Edit:  LR has also indicated someone was working on an exchange at some point, so he's not totally against the idea.

From what I've pieced together, the contracts now look "legal" (although very difficult to valuate) and are clean. He's legally allowed to sell them to anyone. Once you own them, they are your property and you can sell them to someone else (within some limits so you don't draw attention to yourself as selling unregistered securities). However, running something that is an exchange (centralized place where people can trade contracts) requires more regulations. He doesn't want to get involved with that. Whether it's public or not doesn't matter, any centralized market is a regulatory liability for the operator. That's why it appears his lawyer is ok with someone else setting it up an exchange in a permissive jurisdiction. There is some regulatory liability placed on participants in the market, especially if you are a large holder of shares (selling unregistered securities), but that is kind of a stretch and might not be worth anyone from the SEC's time to look into.

Two things LRM contracts need, in order to have any value in the future, are a working exchange and enough information for people to value how much shares are really worth. Well, in theory, LRM only needs to have a way of accurately assigning value to shares (since that will allow direct, one-time, sales), the exchange is icing and will increase the value of the direct, one-time sales.

" Once you own them, they are your property and you can sell them to someone else (within some limits so you don't draw attention to yourself as selling unregistered securities)."

Are Lab_Rat's contracts "registered" with anyone?

I don't think so, so what difference would it make what you do with your own property?

Because it becomes really close to being a security:

The term ‘‘security’’ means any note, stock, treasury
stock, security future, security-based swap, bond, debenture,
evidence of indebtedness, certificate of interest or participation
in any profit-sharing agreement, collateral-trust certificate,
preorganization certificate or subscription, transferable share,
investment contract, voting-trust certificate, certificate of de-
posit for a security, fractional undivided interest in oil, gas, or
other mineral rights, any put, call, straddle, option, or privilege
on any security, certificate of deposit, or group or index of secu-
rities (including any interest therein or based on the value
thereof), or any put, call, straddle, option, or privilege entered
into on a national securities exchange relating to foreign cur-
rency, or, in general, any interest or instrument commonly
known as a ‘‘security’’, or any certificate of interest or partici-
pation in, temporary or interim certificate for, receipt for, guar-
antee of, or warrant or right to subscribe to or purchase, any
of the foregoing.

 - you start to push a gray area between a hardware contract and a security (as a profit sharing agreement). You are not free to sell securities however you'd like, even though they are your property.

Thank you for your post and I could not have said it better myself!

I was hoping someone like you would come in with almost exactly what you posted because if I had, I would get pilloried.

You are 100% spot on!

Those selling "contracts", "securities", "bonds" and simialr stuff are soon to have very rude awakenings I think as the goernment continues its War On Bitcoin!

[PoUpA]

you forget your 2 cents !

[LostDutchman]

you forget your 2 cents !

No I didn't.

I got tired of "certain" people whining about my little clsoing tag and screwing up threads just because they had found an excuse to do so, so I dropped it.

Freaking whiners, anyway!

[grnbrg]

you forget your 2 cents !

No I didn't.

I got tired of "certain" people whining about my little clsoing tag and screwing up threads just because they had found an excuse to do so, so I dropped it.

Freaking whiners, anyway!

lol

Oh, the drama.

:popcorn:



grnbrg.

(Who also hand-types his closing tag on every message.  )