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bittymitty
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September 23, 2013, 03:06:05 AM |
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One of the main reasons for doing this I can't share as of yet because it's not my news to share. People would just have to know it's for the greater good of the company and would help out a ton in the long run.
This sounds somewhat ominous to me. If you read between the lines you can speculate that Lab_Rat has been offered a very competitive rate for miners and to take advantage of this he needs to commit to a certain amount within a time frame. This actually sounds very promising. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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bigasic
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September 23, 2013, 03:09:01 AM
Last edit: September 23, 2013, 03:50:32 AM by bigasic |
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One of the main reasons for doing this I can't share as of yet because it's not my news to share. People would just have to know it's for the greater good of the company and would help out a ton in the long run.
This sounds somewhat ominous to me. If you read between the lines you can speculate that Lab_Rat has been offered a very competitive rate for miners and to take advantage of this he needs to commit to a certain amount within a time frame. This actually sounds very promising. That makes sense... I hope that your right.... I really thought that when people saw the dividends payed out from the 30ths, the price of the stock would skyrocket, but maybe the plans will still do that. |
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BKM
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September 23, 2013, 05:20:48 AM |
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One of the main reasons for doing this I can't share as of yet because it's not my news to share. People would just have to know it's for the greater good of the company and would help out a ton in the long run.
This sounds somewhat ominous to me. If you read between the lines you can speculate that Lab_Rat has been offered a very competitive rate for miners and to take advantage of this he needs to commit to a certain amount within a time frame. This actually sounds very promising. That makes sense... I hope that your right.... I really thought that when people saw the dividends payed out from the 30ths, the price of the stock would skyrocket, but maybe the plans will still do that. Sure - we would all love to see the notional asset increase in the form of increased bond price..... But, this is a long play far more than it is a short run speculation on the bond price. As someone who is looking to accumulate more I am grateful for the bargains presently available. Clearly higher bond prices will support future hardware acquisitions when it comes time to release the balance of the 50K in reserve - but the 'eye on the prize' at the moment is squarely on ramping up hashrate ASAP to establish a sustainable position in the network. Personally, and most particularly after my BFL experience, I see the benefit of LRM's approach to build out. As he continues to execute his plan the results will bring the value to the bond price IMO. |
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Lab_Rat (OP)
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September 23, 2013, 05:21:19 AM |
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One of the main reasons for doing this I can't share as of yet because it's not my news to share. People would just have to know it's for the greater good of the company and would help out a ton in the long run.
This sounds somewhat ominous to me. If you read between the lines you can speculate that Lab_Rat has been offered a very competitive rate for miners and to take advantage of this he needs to commit to a certain amount within a time frame. This actually sounds very promising. That makes sense... I hope that your right.... I really thought that when people saw the dividends payed out from the 30ths, the price of the stock would skyrocket, but maybe the plans will still do that. It has to do with a deal I can get starting in Nov. so the 2 weeks from mid Oct. would put us there with some decent funding. All I can say about it. I don't know how much is public about the topic I'm speaking of so I'm not giving out any details. |
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BKM
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September 23, 2013, 05:26:53 AM |
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One of the main reasons for doing this I can't share as of yet because it's not my news to share. People would just have to know it's for the greater good of the company and would help out a ton in the long run.
This sounds somewhat ominous to me. If you read between the lines you can speculate that Lab_Rat has been offered a very competitive rate for miners and to take advantage of this he needs to commit to a certain amount within a time frame. This actually sounds very promising. That makes sense... I hope that your right.... I really thought that when people saw the dividends payed out from the 30ths, the price of the stock would skyrocket, but maybe the plans will still do that. It has to do with a deal I can get starting in Nov. so the 2 weeks from mid Oct. would put us there with some decent funding. All I can say about it. I don't know how much is public about the topic I'm speaking of so I'm not giving out any details. Perfect! I recommend that people read the "Speed of Trust" by Steven Covey Jr. - that and risk only what you can afford to lose in BTC land. |
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sparky999
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September 23, 2013, 06:43:52 AM
Last edit: September 23, 2013, 06:59:38 AM by sparky999 |
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If you waive the management fee I would be happy with reinvestment, I don't know if I count as a big shareholder I have a little over 500 bonds. It seems to me that you would also benefit from increase in hashing power through a larger management fee in the following months and if we are going for a 'we are all in this together' mentality then it shows a lot of good faith on your part imo.
It puts you in the top 20, and with more than 1%, so you certainly have more of a voice than many! Should "larger" read "smaller" or have I misunderstood your point? Basically I just want a bit more info on the specifics of the deal that this particular extra investment would gain LRM before I cast my vote, but in general it's probably a yes from me... I meant in absolute terms, if he buys more hashing power he will earn more future coins as his management fee is a % of hashing power. So essentially there are benefits to him of buying extra hashing power and therefore I think he should contribute the management fee as a sign of good faith after all fixed costs are covered. Anyway I still vote a yes, please keep us informed though and when you can make the info public please do so. |
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Lab_Rat (OP)
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September 23, 2013, 06:56:25 AM |
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Those of you who are large investors, you likely have my number. Shoot me a call tomorrow if you wish to know more. I can't tell you everything as it's not my info to share, but I may be able to inform you enough on the deal at hand that will let you know why I'm even willing to waive my management fee.
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bobfranklin
Member
 Offline
Activity: 116
Merit: 10
aka `DiggeR
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September 23, 2013, 07:54:46 AM |
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One of the main reasons for doing this I can't share as of yet because it's not my news to share. People would just have to know it's for the greater good of the company and would help out a ton in the long run.
This sounds somewhat ominous to me. If you read between the lines you can speculate that Lab_Rat has been offered a very competitive rate for miners and to take advantage of this he needs to commit to a certain amount within a time frame. This actually sounds very promising. That makes sense... I hope that your right.... I really thought that when people saw the dividends payed out from the 30ths, the price of the stock would skyrocket, but maybe the plans will still do that. It has to do with a deal I can get starting in Nov. so the 2 weeks from mid Oct. would put us there with some decent funding. All I can say about it. I don't know how much is public about the topic I'm speaking of so I'm not giving out any details. Perfect! I recommend that people read the "Speed of Trust" by Steven Covey Jr. - that and risk only what you can afford to lose in BTC land. That makes more sense, sounded more like a buyout/takeover almost in the wording, a highly possible case of taken too literally. |
BTC: 1Q9zM8QKYGn6PkvogV5YC4PU5TBN8rQNHt
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||bit
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September 23, 2013, 09:21:55 AM |
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To clear anything up. I would be paying out Dividends with the hardware in hand and holding the payout from the new hardware coming in for 2 weeks. It seems as though a couple individuals didn't quite understand. It appears the general consensus is to do so.
One of the main reasons for doing this I can't share as of yet because it's not my news to share. People would just have to know it's for the greater good of the company and would help out a ton in the long run.
Sounds intriguing. I think if it's that good of an opportunity, where more funds now are better, then it would be worthwhile to be very active in trying to sell/transfer the Monarch order. That's got to be about $150k sitting and waiting on BFL. That's much more than the two weeks of mining with the new hardware will generate. You might have an argument for why one can have some hope with BFL, but BFL has sent such vibes in the past. Please, consider to be more pro-active in selling that order. If you used a voucher that can be transferred, it might sell even faster. |
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sparky999
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September 23, 2013, 10:03:59 AM |
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Selling the BFL order does seem prudent if we can use the $$$ to get extra hashing power now.
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ICantThinkOfaName
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September 23, 2013, 12:30:59 PM |
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I have ~350 shares. I say spend two weeks dividends on hardware.
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Ashitank
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September 23, 2013, 12:33:33 PM |
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Off topic but thank god LRM is listed on bitfunder  |
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mmmerlin
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September 23, 2013, 12:47:24 PM |
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Off topic but thank god LRM is listed on bitfunder Why? EDIT: Is this ironic becuase BTC-TC allows for automated voting on motions? |
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Ashitank
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September 23, 2013, 12:55:44 PM |
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BTCT is shutting down , wake up  |
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mmmerlin
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September 23, 2013, 01:04:03 PM |
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BTCT is shutting down , wake up OK  |
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mmmerlin
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September 23, 2013, 01:05:59 PM
Last edit: September 23, 2013, 02:21:47 PM by mmmerlin |
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BTCT is shutting down , wake up In my defence though, I'm currently working 115 hour weeks finishing my PhD thesis at the moment, and also trying to keep an eye on the bitcoin world, which is almost a fulltime job in itself! Why are they shutting down? Did they realise their front-page disclaimer isn't as bullet-proof as they'd like? Is it SEC related?! EDIT: OK, I read their page and I have clearly been under a rock. Whilst they don't say what, if any, action is being taken against them, the reason for the shut-down is the regulatory environment :/ |
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Bargraphics
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September 23, 2013, 03:00:56 PM |
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As a large shareholder I agree with the two week dividends going to improve the company
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Ashitank
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September 23, 2013, 03:09:42 PM |
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I agree too for 2 weeks of dividends produce from new mining equipment be used for future funding / fees e.t.c
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bigasic
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September 23, 2013, 03:10:56 PM |
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Wow, btct shutting down? I wonder if the SEC got after them? this is going to bring everyone to bitfunder. not sure if thats a good thing or a bad thing.. But, I do think that will bring more light to LRM and people will see the value and im confident that it will continue to be a popular bond...
Im in for whats ever best for LRM short term, especially long term..
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mmmerlin
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September 23, 2013, 03:54:37 PM |
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As a large shareholder I agree with the two week dividends going to improve the company
I have just got off the phone with LR, and I think all of the biggest holders have now voted and that this is going ahead. Good things are coming... |
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