-

[M31]

And just to be clear - grnbrg is an awesome human being. Don't think I prefer the company of a cold, calculating exchange algorithm to grnbrg. Its just this whole liquidity thing. You understand, right grnbrg?

Hey hamburgerhelper - you might find this http://invictus-innovations.com/i-dac interesting.  The guys at Invictus will be the first to admit they are computer scientists, not artists, so the site is not super slick -- but their future plans are nothing but exciting!

[grnbrg]

And just to be clear - grnbrg is an awesome human being. Don't think I prefer the company of a cold, calculating exchange algorithm to grnbrg. Its just this whole liquidity thing. You understand, right grnbrg?

Completely.  As much as I enjoy helping Lab_Rat out with this, and as staggeringly cool as it is to have my phone go "Bing!  Someone just sent you $2000+!" I will not be sad to see an automated platform.  Much more liquidity, and much less of a PITA for myself.


grnbrg.

[bigdude]

And just to be clear - grnbrg is an awesome human being. Don't think I prefer the company of a cold, calculating exchange algorithm to grnbrg. Its just this whole liquidity thing. You understand, right grnbrg?

Completely.  As much as I enjoy helping Lab_Rat out with this, and as staggeringly cool as it is to have my phone go "Bing!  Someone just sent you $2000+!" I will not be sad to see an automated platform.  Much more liquidity, and much less of a PITA for myself.


grnbrg.

havelock?

[Mindsync Miner]

Hey hamburgerhelper - you might find this http://invictus-innovations.com/i-dac interesting.  The guys at Invictus will be the first to admit they are computer scientists, not artists, so the site is not super slick -- but their future plans are nothing but exciting!

I've got some Protoshares myself. I'm anticipating big things to come out of Invictus.

I'm pretty sure exchanges will be made possible as a DAC using their technologies.  Mastercoin http://www.mastercoin.org/#features will also enable trading as a layer on top of the Bitcoin network.  Unfortunately both solutions are pretty far from release.

I think it's worth mentioning both as possibilities for trading a year from now but something else will probably need to be done in the interim.

[kuikmaa]

And just to be clear - grnbrg is an awesome human being. Don't think I prefer the company of a cold, calculating exchange algorithm to grnbrg. Its just this whole liquidity thing. You understand, right grnbrg?

Completely.  As much as I enjoy helping Lab_Rat out with this, and as staggeringly cool as it is to have my phone go "Bing!  Someone just sent you $2000+!" I will not be sad to see an automated platform.  Much more liquidity, and much less of a PITA for myself.


grnbrg.

havelock?

+1 for Havelock. I believe the current fees are:

Listing Fee - 5% of raised capital per fund
Monthly Maintenance Fee - 1BTC / Month
Exchange Fees - 0.4% of any SOLD unit

This will eat into our profits, but I would imagine having a reliable and easily accessible means of trading our bonds would bring in a lot more action (especially with the latest LRM announcements). I know if I were getting into BTC, I would be very deterred to purchase bonds through a forum.

[grnbrg]

I know if I were getting into BTC, I would be very deterred to purchase bonds through a forum.

That's part of the reason I sign and post every transaction, and run the escrow through one address...

If you look through https://blockchain.info/address/1EYVW3ZUu3R8fd3xtWi5jh4ceTXZ7Z1uht you can base your risk on that.

Yes, buying through a forum will give some pause, but this should make people more comfortable than sending BTC to more or less random people claiming to have bonds for sale.


grnbrg.

[carnoto]

What about btcinve.com?

[countduckula]

Anyone can explain me why people its buying 0.10 shares when there's lots of them available for 10-15% less?

Are they hand outs in exchange of something?..
can't reach the sellers?
could be the basic "people its just dumb"...

What am i missing? =/

[Doff]

Anyone can explain me why people its buying 0.10 shares when there's lots of them available for 10-15% less?

Are they hand outs in exchange of something?..
can't reach the sellers?
could be the basic "people its just dumb"...

What am i missing? =/

If I had to guess people are bypassing the cheaper shares to Invest directly back in to LRM. Those shares go directly to LRM where he will be using them to purchase more Hashing power and whatever else the company needs. If you buy the cheaper shares those shareholders get the BTC.

[grnbrg]

havelock?

What about btcinve.com?

While I haven't heard anything concrete, I don't think Lab_Rat is considering a third-party exchange.  BitFunder burned a lot of people pretty badly, and any exchange that gets big enough is going to run the risk of attracting legal attention from the US and having to shut down.  I have gotten the impression (which may be incorrect) that Lab_Rat is investigating an "in house" solution that will allow the automated trading of LRM bonds (and only LRM bonds).


grnbrg.

[grnbrg]

Anyone can explain me why people its buying 0.10 shares when there's lots of them available for 10-15% less?

Are they hand outs in exchange of something?..
can't reach the sellers?
could be the basic "people its just dumb"...

What am i missing? =/

I have been recommending that buyers contact the sellers in the trading thread.  However, at least one seller was not responding promptly to their PMs.

Other than that, I'm not sure.  I know if I was going to buy, I'd rather buy at 0.085 than 0.1, but who knows...


grnbrg.

[kuikmaa]

havelock?

What about btcinve.com?

While I haven't heard anything concrete, I don't think Lab_Rat is considering a third-party exchange.  BitFunder burned a lot of people pretty badly, and any exchange that gets big enough is going to run the risk of attracting legal attention from the US and having to shut down.  I have gotten the impression (which may be incorrect) that Lab_Rat is investigating an "in house" solution that will allow the automated trading of LRM bonds (and only LRM bonds).


grnbrg.

For myself, risk isnt a factor since Ive been with LRM from the beginning, and know the process that lead to the forum trading. I have no question in security, and trust 100% that If I want to buy or sell on here that everything will go smoothly. The issue as I see it lies in perceived credibility.

When new BTC investors are looking for places to put their money, having an automated trading process looks much more credible than forum trading. Having an in-house solution would most definitely remedy this. The other issue as I see it is that there are 2 separate forums for LRM. While this is necessary to isolate the trade threads, it makes it difficult for new buyers to see things like historical dividend payments, number of bonds sold, future company plans, etc.

Just my 2 cents.

[countduckula]

Anyone can explain me why people its buying 0.10 shares when there's lots of them available for 10-15% less?

Are they hand outs in exchange of something?..
can't reach the sellers?
could be the basic "people its just dumb"...

What am i missing? =/

I have been recommending that buyers contact the sellers in the trading thread.  However, at least one seller was not responding promptly to their PMs.

Other than that, I'm not sure.  I know if I was going to buy, I'd rather buy at 0.085 than 0.1, but who knows...


grnbrg.

Well if you come across another interested buyer, shuffle me in and ask them to msg me, if they want to pay 0.10 ill cut them a deal on my 68 shares

[Jeffrey]

Anyone can explain me why people its buying 0.10 shares when there's lots of them available for 10-15% less?

Are they hand outs in exchange of something?..
can't reach the sellers?
could be the basic "people its just dumb"...

What am i missing? =/

A reason I can think of is they want to support LRM and it's development.

Let's say you have 1000 shares which gives you 1BTC a week (yes, doesn't make sense, just for the discussion)
Let's say I have 1000 shares which I'm willing to sell for 5BTC.
And let's say LRM has 1000 shares for sale for 6BTC

Option 1 is you buy from me. It will cost you 5BTC, you get double income each week, LRM stays the same and your weekly income will stay at 2BTC
Option 2 is you buy from LRM. It will cost you a little more, you will still get the same double income, FOR NOW. Because here, you gave more money to LRM which allows them to reinvest it in all the big plans they have (their own chips, making larger purchases with suppliers, etc) So in time, if LRM pulls off all the deals, being made possible with your money, maybe your weekly income for 2000 shares will be 3BTC

Got it?

(i know, i know, really unrealistic numbers, but I hope you get the idea of what Im trying to explain)

[countduckula]

I understand your perspective, but if it was a proven investment, that logic might work, so far, 5th and waiting, 25th next week same as the 5th return we were using to mine 2 months ago, a promise of 100th.

My math its simple, my investment on LRM buys 85gh on Cex.io... do i get the same return? so far just promises, but i'm still waiting, no patiently anymore

[countduckula]

I understand the reasoning behind funding the proyect than buying from a user base, but not very logic to buy 15% over the market price, idk might be me.

[John122]

Maybe they purchase in big quantities and don't want to go through multiple buyers (and maybe get a slight discount from LabRat for the quantity).

[countduckula]

Maybe they purchase in big quantities and don't want to go through multiple buyers (and maybe get a slight discount from LabRat for the quantity).

Thought about it, but one bought 23 with over 570 for sale at 0.85 and 0.89, so no, thats not the answer =) Also paid 2.3 BTC, so no discount either.

[Ashitank]

So hashrate per share is about ~ 296 Mh/s after adding sales of new shares ?

[||bit]

Has anyone done any math to figure out what value might be held with LRM bonds at 100TH? So far, my figures don't look spectacular... as always.. order time and difficulty are the neutralizer. I want to see mathematical reasoning for expecting any sustainability, if not growth.

BTW: I'm estimating dividends will yield ~BTC0.001225/bond this coming weekend... but... decaying down again in following weeks until any new hardware is received (well, after two weeks of separate mining).

How does 0.001225 compare to the best weekly div's to date of all other weeks? I'm going to take a guess that it's higher, but not much better than the next best - despite having 5 times more hashing power.