[Havelock] Bitcoin Difficulty Derivative (BDD)

[danrachita]

Sir Twentyseventy was an mistake with sell price on site and must get rest of money losed back.
You must buy it for fund with 0.005380.
Why you didnt?Why the price was there 0.0022?
Please solve it fast.
Recalculate 326 bmine shares sold with 0.0022 and give me rest of shares until 0.005380 value.
BR.

Sorry for what happened to you, but twentyseventy has no control over the trading of b.mine.
You sold your shares to the best bid at that time.

I dont think so.
He establish every day price and he has interest to sel and buy shares for fund.
My transaction was only wrong transaction and price on front page 0.0022 at that moiment look like new price 0.00522.
I have front site pictures with price and picture with bmine transactions from that period and exactly my shares was buyed with this wrong price.
I am almost sure fund buy those shares so i request him again to solve this situation.
He has the fund situation and he know what fund automatically buy.
I ask him again to solve this issue and to dont try to affect his image for 1 btc.
I am a poor man not like him and i worked very hard for those money.
Will write here every few hours until will solve this.
BR.

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[twentyseventy]

@twentyseventy

Will any new units be issued? Thanks

Yes, just put up the EXCH ask so BDD is fully functional again.

[danrachita]

Sir twentyseventy did you check my issue please?
Thank you.
BR.

[twentyseventy]

Sir Twentyseventy was an mistake with sell price on site and must get rest of money losed back.
You must buy it for fund with 0.005380.
Why you didnt?Why the price was there 0.0022?
Please solve it fast.
Recalculate 326 bmine shares sold with 0.0022 and give me rest of shares until 0.005380 value.
BR.

Sorry for what happened to you, but twentyseventy has no control over the trading of b.mine.
You sold your shares to the best bid at that time.

danrachita, ujka is completely correct in this situation. I set the price of EXCH but MINE and SELL are completely driven by the market - there is no set price for either, only what the buyers and sellers want to make of it.

So, if you sell your MINE or SELL shares into the market, BDD and I as its manager have absolutely no control over that. You're not entitled to anything more than what you buy or sell your shares for on the market. Havelock clearly cleared the orderbook so there were no bids besides that one.

That being said I, myself, with my personal Havelock account, was the one who bought the shares. I bought them with my personal BTC and not BDD's. BDD funds only exist in the BDD account to be paid out as dividends and for redemptions.

With all the recent craziness over the past weeks I foresaw the possibility of a big selloff (not just among BDD shares, but across the board because of the exchange's recent outage).

You're very lucky that I was the one who purchased them; if it was someone else you would be completely out of luck. What I cannot do is simply pay you the difference between what you think the shares are worth and what you sold them for. What I can do is return the shares to you in exchange for the BTC that I paid you.

For the record, I'm under no obligation to do this. This is a one time exception that won't be made again for another user.

I'll PM you with the details in just a minute.

[ujka]

Man, is he lucky! Very admirable move, twentyseventy.

Still, danrachita, playing there and not knowing the rules...

[danrachita]

Sir Twentyseventy was an mistake with sell price on site and must get rest of money losed back.
You must buy it for fund with 0.005380.
Why you didnt?Why the price was there 0.0022?
Please solve it fast.
Recalculate 326 bmine shares sold with 0.0022 and give me rest of shares until 0.005380 value.
BR.

Sorry for what happened to you, but twentyseventy has no control over the trading of b.mine.
You sold your shares to the best bid at that time.

danrachita, ujka is completely correct in this situation. I set the price of EXCH but MINE and SELL are completely driven by the market - there is no set price for either, only what the buyers and sellers want to make of it.

So, if you sell your MINE or SELL shares into the market, BDD and I as its manager have absolutely no control over that. You're not entitled to anything more than what you buy or sell your shares for on the market. Havelock clearly cleared the orderbook so there were no bids besides that one.

That being said I, myself, with my personal Havelock account, was the one who bought the shares. I bought them with my personal BTC and not BDD's. BDD funds only exist in the BDD account to be paid out as dividends and for redemptions.

With all the recent craziness over the past weeks I foresaw the possibility of a big selloff (not just among BDD shares, but across the board because of the exchange's recent outage).

You're very lucky that I was the one who purchased them; if it was someone else you would be completely out of luck. What I cannot do is simply pay you the difference between what you think the shares are worth and what you sold them for. What I can do is return the shares to you in exchange for the BTC that I paid you.

For the record, I'm under no obligation to do this. This is a one time exception that won't be made again for another user.

I'll PM you with the details in just a minute.

Thank you Sir.
You are really a good person.
BR.

[danrachita]

Man, is he lucky! Very admirable move, twentyseventy.

Still, danrachita, playing there and not knowing the rules...

Yes Sir thank you.
I am lucky because twentyseventy is an good an fair person.
BR.

[twentyseventy]

Period 32, Day 10 Report - March 5, 2015

Balance Post Divs: BTC 166.51673013

Total Units: 37414

NAV/U: BTC 0.00445065

[twentyseventy]

Period 32, Day 11 Report - March 6, 2015

Balance Post Divs: BTC 168.72067214

Total Units: 38367

NAV/U: BTC 0.00439754

[twentyseventy]

Period 32, Day 12 Report - March 7, 2015

Balance Post Divs: BTC 168.57258715

Total Units: 38806

NAV/U: BTC 0.00434398

[galdur]

Well, the overhaul seems to have done Havelock  a world of good. No more annoying outages, it all works just admirably. Thanks for that. And thank you as always twentyseventy for all your efforts. Good luck, g

[Icon]

Yea i too am glade everything is back up and running as it should.. Got to admit I was a bit worried there with havelock suddenly down for week plus. 

Icon

[galdur]

Well, HL seems to be in some trouble again.

[galdur]

Deposit addresses have changed at Havelock

WARNING! WARNING! WARNING!
ALL DEPOSIT ADDRESSES HAVE CHANGED ON 2015-03-08. DO NOT SEND COINS TO AN OLD DEPOSIT ADDRESS.
PLEASE ONLY USE THE DEPOSIT ADDRESS YOU SEE BELOW

https://www.havelockinvestments.com/addfunds.php

Edit: Was too late to change the address but a deposit got credited to the old address after the new one was announced. Hope it didn´t harm anything.

[twentyseventy]

Period 32, Day 13 Report - March 8, 2015

Balance Post Divs: BTC 168.07026583

Total Units: 39174

NAV/U: BTC 0.00429035

[twentyseventy]

Period 32 End Report - March 9, 2015

Previous Units              34848
EXCH Sold                   4566
Less Buybacks              0
New Total Units        39414

Previous Balance          175.68170701
Price per EXCH             Variable
Gross Sales of EXCH      20.96499695

Less Fees                    0.07019382
Less Dividends              27.05115292
Less Buybacks              0.00000000
Less Mgmt Fee              0.41196275
Net Balance            169.11339447

End of Period NAV/U     0.00429069

New Difficulty                  47,427,554,951
New Daily Dividend         0.00005301
New Reserve per Unit        0.01060200

New Reserve Less NAV/U = 0.01060200 - 0.00429069 = -0.00631131


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

Days of Dividends On Hand    ~80.94

You'll notice that I calculate the new Dividend to eight digits and multiply that times 200 Days to get the new Reserve. Those of you that did your own calculations may come up with a slightly different number if you chose not to round or to round elsewhere.

[twentyseventy]

Period 33, Day 0 Report - March 9, 2015

Balance Post Divs: BTC 167.02405833

Total Units: 39414

NAV/U: BTC 0.00423768

[twentyseventy]

Period 33, Day 1 Report - March 10, 2015

Balance Post Divs: BTC 165.18302527

Total Units: 39473

NAV/U: BTC 0.00418470

[twentyseventy]

Period 33, Day 2 Report - March 11, 2015

Balance Post Divs: BTC 163.26103490

Total Units: 39514

NAV/U: BTC 0.00413172

[twentyseventy]

Period 33, Day 3 Report - March 12, 2015

Balance Post Divs: BTC 161.58501339

Total Units: 39616

NAV/U: BTC 0.00407878