-

[mmmerlin]

Whats the status on a new location where we can buy/sell shares? I know there's a thread here, but I prefer a website like BitFunder MUCH more (and I'm sure many people with me do)

Any news on this?

I would be one of those people as well.

We need a place to trade.

Kinda disappointing that I may never see the .15 I bought these at again.

I would propose that a trusted member of the community provide a dividend analysis on a weekly
basis to show the cumulative dividend earnings as a percentage of the original bond purchase value.
Last I calculated, we'd received exactly 10% of the 0.15 BTC original price in dividend earnings in the
15 total weeks of this asset's lifespan. We have yet to even begin seeing the large increase in mining
hardware from LRM's Bitfury purchase let alone what 2 weeks of "hardware acquisition mining" will
bring to the table. This asset remains quite promising.

I totally agree with this though, I don't see how anything has changed and am still feeling positive about everything in general (as evidenced by the respective prices of my buy and sell orders on the other thread). Should probably start downtalking everything though so I can collect some more cheap bonds actually...

[ninthgate]

Another thing to keep in mind is that the price of Bitcoin has more than tripled since the IPO.  That helps, too.

Edit:  To rephrase that:  At IPO, a bond was worth around $15.  Based on the trades over the last couple of days, a bond is worth... around $17.5.

grnbrg.

meh.  throwing in usd valuation muddies the calculations.  the bonds are priced in btc, divs are in btc, and the whole point is to mine btc.  converting to usd, euro, renminbi, yen, real etc. becomes a rationalizing game.  either the bonds perform on their merits or they don't.

not sure how trusted I am, or how smart, but I could see if I can come up with a semblance of a model per rusty's thoughts and share it.

full disclosure: I own bonds and intend to accumulate.

[grnbrg]

Ugh.  Ok, my bad. 


grnbrg.

[sparky999]

@lab_rat - have you spoken to Ken at ActiveMining to see if we can get a deal on some of their machines? Shipping is slated for nov/dec

[Ashitank]

@lab_rat - have you spoken to Ken at ActiveMining to see if we can get a deal on some of their machines? Shipping is slated for nov/dec

+1 , I think AMC is the dark horse which could surprise all.

[ninthgate]

In formulating a model to look at bonds and give individuals a sense of how they may want to position a trade, I noticed an interesting niggling error.

The last "official" excel sheet that LR has posted noted 55472 bonds held.  In the most recent dividend distribution, BTC31.01295233 was distributed, at a per bond rate of BTC.000557995.  I calculate that to imply that held bonds total 55579.  So, 127 bonds in the overall scheme of things isn't so many, but it still amounts to a 2.2% discrepancy from the "official" total when compared to what was distributed.  Not sure how that works out.

I haven't fully mined the bitfunder data, so I don't have numbers there, but for some preliminary numbers, I noted that the week ending 11/9 (our "business week" basically ends on Saturdays, since that's the distribution day), there were 4 transactions that amounted to 183 bonds in open interest.  Total BTC volume was 9.9635, with an average price, therefore, being .0544453552.  That would imply an average yield for that week to be 1.0249%.

This week (week ending 11/16) is not yet done, obviously, but thusfar, volume already surpasses the previous week (up to 5 transactions), with open interest also exceeding, at 209.  Price action, however, is down to .0507093301, down nearly 6.9%.  The downtick on the bond pricing, however, should be taken with a grain of salt since we have many trading days ahead of us.

Anyway, as more data becomes available, I'll see about making the reporting more meaningful.

PM me any thoughts or comments on metrics that might be useful, and I'll see about building some spreadsheets.

[ninthgate]

Also, total distributions from 8/10 have amounted to BTC0.012719305.  Assuming the IPO price of BTC.15, yield to date is just shy of 8.5%.

[mmmerlin]

In formulating a model to look at bonds and give individuals a sense of how they may want to position a trade, I noticed an interesting niggling error.

The last "official" excel sheet that LR has posted noted 55472 bonds held.  In the most recent dividend distribution, BTC31.01295233 was distributed, at a per bond rate of BTC.000557995.  I calculate that to imply that held bonds total 55579.  So, 127 bonds in the overall scheme of things isn't so many, but it still amounts to a 2.2% discrepancy from the "official" total when compared to what was distributed.  Not sure how that works out.

I haven't fully mined the bitfunder data, so I don't have numbers there, but for some preliminary numbers, I noted that the week ending 11/9 (our "business week" basically ends on Saturdays, since that's the distribution day), there were 4 transactions that amounted to 183 bonds in open interest.  Total BTC volume was 9.9635, with an average price, therefore, being .0544453552.  That would imply an average yield for that week to be 1.0249%.

This week (week ending 11/16) is not yet done, obviously, but thusfar, volume already surpasses the previous week (up to 5 transactions), with open interest also exceeding, at 209.  Price action, however, is down to .0507093301, down nearly 6.9%.  The downtick on the bond pricing, however, should be taken with a grain of salt since we have many trading days ahead of us.

Anyway, as more data becomes available, I'll see about making the reporting more meaningful.

PM me any thoughts or comments on metrics that might be useful, and I'll see about building some spreadsheets.

Numbers taken from these very low liquidity markets should be expressed with huge error bars IMHO. This is very useful info, and I thank you for collecting it and compiling it, but large error bars must be used to stop people extrapolating from very small data sets. (Many people are just really stupid I'm afraid, and will read more into these metrics than anyone ever should.)

Thanks again though, I think this is an important job.

[ninthgate]

Numbers taken from these very low liquidity markets should be expressed with huge error bars IMHO. This is very useful info, and I thank you for collecting it and compiling it, but large error bars must be used to stop people extrapolating from very small data sets. (Many people are just really stupid I'm afraid, and will read more into these metrics than anyone ever should.)

Thanks again though, I think this is an important job.

mmerlin -- you're spot on.  The data that I'm aggregating should not be regarded as financial advice or even technical analysis even in a future state.  The amount of data are sparse, and, frankly, it's so sparse that it would be difficult to even calculate an appropriate margin for error.  From a statistical perspective, the whole data set would likely fall into margins for error.  There simply is insufficient data.  But, I will start tracking volume, shares traded, pricing, and yield so that people have *something* tangible.  Ultimately, however, people will have to consider their own risk tolerance.

grnbrg -- thanks for the pointer to when we were capturing to bitfunder data on greater frequency.  Maybe I can find an explanation for those 127 shares.  I happened to have worked for one of "those" audit firms in one of my past lives, so it'll be an interesting exercise.

[Ashitank]

Numbers taken from these very low liquidity markets should be expressed with huge error bars IMHO. This is very useful info, and I thank you for collecting it and compiling it, but large error bars must be used to stop people extrapolating from very small data sets. (Many people are just really stupid I'm afraid, and will read more into these metrics than anyone ever should.)

Thanks again though, I think this is an important job.

mmerlin -- you're spot on.  The data that I'm aggregating should not be regarded as financial advice or even technical analysis even in a future state.  The amount of data are sparse, and, frankly, it's so sparse that it would be difficult to even calculate an appropriate margin for error.  From a statistical perspective, the whole data set would likely fall into margins for error.  There simply is insufficient data.  But, I will start tracking volume, shares traded, pricing, and yield so that people have *something* tangible.  Ultimately, however, people will have to consider their own risk tolerance.

grnbrg -- thanks for the pointer to when we were capturing to bitfunder data on greater frequency.  Maybe I can find an explanation for those 127 shares.  I happened to have worked for one of "those" audit firms in one of my past lives, so it'll be an interesting exercise.

Man reading your post make me beleive I am taking part in a executive board meeting lol , thanks for collating data & giving all data meaning full perspective

[Flashman]

In other words, draw some axes, mark some points by method of birdshot and sawnoff, get a three year old to join the dots, and that's an as accurate prediction or where we're going as anything else...

Excitement! Adventure! Alligators!

[BKM]

Numbers taken from these very low liquidity markets should be expressed with huge error bars IMHO. This is very useful info, and I thank you for collecting it and compiling it, but large error bars must be used to stop people extrapolating from very small data sets. (Many people are just really stupid I'm afraid, and will read more into these metrics than anyone ever should.)

Thanks again though, I think this is an important job.

mmerlin -- you're spot on.  The data that I'm aggregating should not be regarded as financial advice or even technical analysis even in a future state.  The amount of data are sparse, and, frankly, it's so sparse that it would be difficult to even calculate an appropriate margin for error.  From a statistical perspective, the whole data set would likely fall into margins for error.  There simply is insufficient data.  But, I will start tracking volume, shares traded, pricing, and yield so that people have *something* tangible.  Ultimately, however, people will have to consider their own risk tolerance.

grnbrg -- thanks for the pointer to when we were capturing to bitfunder data on greater frequency.  Maybe I can find an explanation for those 127 shares.  I happened to have worked for one of "those" audit firms in one of my past lives, so it'll be an interesting exercise.

I'll add my thanks for taking the time..... and add the point raised often in this forum that without some specific guidance from lab_rat in the form of financial statements, we are running blind. Quarterly Income statements and a balance sheet (management prepared) must be doable. Its fine to run any business with shoebox accounting when you are on your own but not with so many stakeholders. Not to say lab_rat is doing so, but without specific evidence to the contrary we are left wondering.  

[mmmerlin]

Numbers taken from these very low liquidity markets should be expressed with huge error bars IMHO. This is very useful info, and I thank you for collecting it and compiling it, but large error bars must be used to stop people extrapolating from very small data sets. (Many people are just really stupid I'm afraid, and will read more into these metrics than anyone ever should.)

Thanks again though, I think this is an important job.

mmerlin -- you're spot on.  The data that I'm aggregating should not be regarded as financial advice or even technical analysis even in a future state.  The amount of data are sparse, and, frankly, it's so sparse that it would be difficult to even calculate an appropriate margin for error.  From a statistical perspective, the whole data set would likely fall into margins for error.  There simply is insufficient data.  But, I will start tracking volume, shares traded, pricing, and yield so that people have *something* tangible.  Ultimately, however, people will have to consider their own risk tolerance.

grnbrg -- thanks for the pointer to when we were capturing to bitfunder data on greater frequency.  Maybe I can find an explanation for those 127 shares.  I happened to have worked for one of "those" audit firms in one of my past lives, so it'll be an interesting exercise.

Man reading your post make me beleive I am taking part in a executive board meeting lol , thanks for collating data & giving all data meaning full perspective

Cannot tell if trolling or genuine... :/

[Doff]

Cool, I mainly made that last statement to get some discussion going. My goal was to get more BTC out of this than I put in, so the USD conversion does not interest me at this point.

I more want information at this point, right now everything is in the dark, we don't know the current hash rate, we don't know how bonds will be traded, we don't know what to expect.

Since I know all the problems associated with the new Bitfury gear I am going to give Labrat the benefit of the doubt and say hes busy as hell tuning these machines. With that said once you get them tuned they run fantastic.

[grnbrg]

The official assetlist has been updated.

https://drive.google.com/folderview?id=0BwZCh0jtSZkwQXhYSVhzaWZUcmc&usp=sharing

If you've recently verified your address, bought or sold any bonds, or just want to marvel at your numbers, check it out.



grnbrg.

[bittymitty]

4515 1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq Verified 1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq

is this labrats ?  or an imposter

[grnbrg]

4515 1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq Verified 1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq

is this labrats ?  or an imposter

Someone who holds a lot of bonds.  

It's a legit person, and not Lab_Rat.  (Or me.  I wish it was me...   )



grnbrg.

Edit:  I processed a bond transaction last week for that address.

[Ashitank]

4515 1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq Verified 1LaBrATo5XwdJEv5C3NTrsoHB6fvURTpYq

is this labrats ?  or an imposter

It some one who posts in this thread & also in LRM shares trade thread 

[countduckula]

Anyone had problems with WeExchange? trying too withdrawn my last small number of BTC and its been 6-7 days stuck without reply from support.

[bittymitty]

Anyone had problems with WeExchange? trying too withdrawn my last small number of BTC and its been 6-7 days stuck without reply from support.

I believe this has been an ongoing problem due to high volume of withdrawals.  you might need to log a ticket and wait a while.