[Havelock] Bitcoin Difficulty Derivative (BDD)

[twentyseventy]

Period 37, Day 6 Report - May 10, 2015

Balance Post Divs: BTC 117.07192554

Total Units: 117788

NAV/U: BTC 0.00099392

[1714639852]

1714639852

[twentyseventy]

Period 37, Day 7 Report - May 11, 2015

Balance Post Divs: BTC 111.28474442

Total Units: 118241

NAV/U: BTC 0.00094116

[twentyseventy]

Period 37, Day 8 Report - May 12, 2015

Balance Post Divs: BTC 106.55364857

Total Units: 119926

NAV/U: BTC 0.00088849

[twentyseventy]

Period 37, Day 9 Report - May 13, 2015

Balance Post Divs: BTC 101.32960396

Total Units: 121241

NAV/U: BTC 0.00083577

[twentyseventy]

Period 37, Day 10 Report - May 14, 2015

Balance Post Divs: BTC 95.01827065

Total Units: 121351

NAV/U: BTC 0.00078300

[twentyseventy]

Period 37, Day 11 Report - May 15, 2015

Balance Post Divs: BTC 88.85688177

Total Units: 121679

NAV/U: BTC 0.00073025

[twentyseventy]

hello dear friend
i'm a user of a havelock investment.
I read a message on may 3 about "game over"
I understand very little English. I don't understand. I Have any units of B.MINE. I have any questions.

1. After 25 days. My money and units is Lost?.
2. After 25 days daily dividends is paid again?
Please explain in understandable

Thank You Very Much!

Around the end of this month, BDD will no longer have any funds to pay out dividends to MINE. This is because the difficulty has not been increasing. Your MINE units will continue to receive normal dividends until that time.

At that time, there will be one final dividend paid out (less than the normal dividend) that will be for the remainder of the balance that BDD holds. Then all MINE and SELL units will be bough back for 0.

ALL MINE units are worth the last published daily NAV/U (assuming there isn't some massive increase in difficulty before the end of the month)

[twentyseventy]

Right. But I would like to ask the money that I invested waiting? Or they burn. I then they can bring. Sorry for me such stupid questions. I'm just new to this

BDD isn't an investment - it's speculating (betting, to use a simple term). Your money that you paid for the MINE share is being paid back to you through dividends. If you bought the MINE share for less than the NAV/U at the time, you will likely make a gain, otherwise you will make a loss.

In any case, yes, the MINE share will be bought back for 0.

[twentyseventy]

Period 37, Day 12 Report - May 16, 2015

Balance Post Divs: BTC 83.46989669

Total Units: 123198

NAV/U: BTC 0.00067752

[AllInBit]

  @twentysevety

     When this round is finished, when will the next one start? Couple days, a week? Thanks

[twentyseventy]

Period 37 End Report - May 17, 2015

Previous Units              117640
EXCH Sold                   6672
Less Buybacks              680
New Total Units        123632

Previous Balance          160.3702877
Price per EXCH             Variable
Gross Sales of EXCH      6.08622481

Less Fees                    0.02434490
Less Dividends              81.72152172
Less Buybacks              0.81333940
Less Mgmt Fee              0.12522200
Net Balance            83.77208452

End of Period NAV/U     0.00067759

New Difficulty                  48,807,487,245
New Daily Dividend         0.00005151
New Reserve per Unit        0.01030200

New Reserve Less NAV/U = 0.01030200 - 0.00067759 = -0.00962441


SELL Dividend                 None (Because NAV/U is less than 200 Days of Dividends)

Days of Dividends On Hand    ~13.15


NOTE: This will likely be the last report for this Round of BDD. MINE will pay out as many full dividends as possible and, after that isn't possible, trade will be stopped on MINE/SELL/EXCH. SELL units will be bought back for 0. MINE units will be issued a final pro-rated dividend for its share of the final few BTC and bought back for zero.

[twentyseventy]

Period 38, Day 0 Report - May 17, 2015

Balance Post Divs: BTC 77.39692923

Total Units: 123632

NAV/U: BTC 0.00062602

 @twentysevety

     When this round is finished, when will the next one start? Couple days, a week? Thanks

Should have more details on that this week, thanks for the interest-

[Lethn]

So just to clarify how this all works, the period you shut down trading will be when you build up your dividend reserves for the next 200 days? Hope I'm not misunderstanding.

[Icon]

Nope at the end of this month or sooner when the "purse" hits near 0 game is over no refunds, nothing just the last daily dividend.

Then "hopefully" a new round  will start and we'll have to buy back in to fill the "purse".

Icon

[Lethn]

sigh fuck, no wonder the numbers looked too good, I should have known better, can't believe someone like Havelock is hosting this kind of operation.

[felente]

what has now havelock to do with the fact, that some of us (some of you) are too lasy to read before "investing".

my god. havelock is fine. EDIT: ok, not perfect, under circumstances... (until now)

and THIS is a bet, and it was so from beginning.

read readme's before pointing to others as guilty

[Lethn]

lol no I do blame myself rest assured ;P just goes to show you though it happens to everybody.

[felente]

lol no I do blame myself rest assured ;P just goes to show you though it happens to everybody.

you're good man then

I personally have lost good part of my "investitions" here because of inexperience and desire of quick profit (couple years ago).
fact: it's not working this way, nowhere... i learned to look for causes of my faults in me and survived.

...and wish to everybody to do same.
BUT no go. and same and same again... ))

[twentyseventy]

Nope at the end of this month or sooner when the "purse" hits near 0 game is over no refunds, nothing just the last daily dividend.

Then "hopefully" a new round  will start and we'll have to buy back in to fill the "purse".

Icon

This is correct; just to clarify, however, it's not that there are 'no refunds' - the whole point of BDD is to pay out the funds back to the unit-holders. The whole point is to speculate on what proportion MINE will receive vs. what SELL will receive. I make no secret of this, it's all spelled out very clearly in the OP; I even sent out an update earlier this month to remind everyone that the End Game is coming up soon.

I take a small fee on newly issued units of EXCH; it's not like I'm keeping all the funds or anything - it's paid out via dividends to MINE and SELL.

sigh fuck, no wonder the numbers looked too good, I should have known better, can't believe someone like Havelock is hosting this kind of operation.

It's not as if anything underhanded is going on here - This operation is 100% transparent, even down to me giving daily updates on the numbers. For the record, I have asked Havelock multiple times to remove the 'Annual Yield' from the site, but they have not.

[twentyseventy]

Period 38, Day 1 Report - May 18, 2015

Balance Post Divs: BTC 71.26880364

Total Units: 124215

NAV/U: BTC 0.00057375

ESTIMATED DAYS OF FULL DIVIDENDS LEFT: 11