[Havelock] Bitcoin Difficulty Derivative (BDD)

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Ok... so i am a little confused (i know it happens alot )  but as long as the post balance dividends are kept , shouldn't the days left continue until they are exhausted?



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[twentyseventy]

Is there an ELI5 about all of this.

To be honest, there really isn't. If you read the OP and some of the subsequent pages, there's some good information there. It's really meant to be more of a sophisticated speculation tool instead of something that everyone can pick up and use easily.

Ok... so i am a little confused (i know it happens alot )  but as long as the post balance dividends are kept , shouldn't the days left continue until they are exhausted?

Everything always lasts until it doesn't   

I think you're asking that, as long as there are funds in the balance post dividends, should there continue to be dividends being paid out. Simply yes, there should be - you just need to make sure to pay attention to the NAV/U (the net asset value per unit).

When the NAV/U drops below .0002 BTC (0.2mBTC) then the last payment will be issued to holders of MINE (or MINE/SELL, but it's looking like the End-Game by Decrease/Stagnation might be the way that this will end).

Currently, there are 181.77507234 BTC in the fund and the dividend is 0.00005656 per day, being paid out per unit to 32761 Units.

This equals 32761 * .00005656 = 1.85296216 BTC being paid out per day, so there are 181.77507234 / 1.85296216 = 98.09 Days left of dividends left on hand to be paid out (at the current dividend rate).

The actual amount of days will fluctuate with future difficulty changes and new sales/redemption of EXCH (each sale or redemption of EXCH contributes a small amount to the fund).

Technically, there could be 181 BTC on hand, but if it's split between a lot of units (say 905,000), then you're at the End-Game's final payout (181BTC / 905000 = .0002)

Hope this helps

[CodeR70]

Is there an ELI5 about all of this.

To be honest, there really isn't. If you read the OP and some of the subsequent pages, there's some good information there. It's really meant to be more of a sophisticated speculation tool instead of something that everyone can pick up and use easily.

Yeah, I thought so, but it looks so damn interesting. I will read it a few times more.

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Well i got a better idea of things now then i did before thanks for explaining, but what's with the .0002 as the limit? Something special about that #?

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[CodeR70]

Thanks @twentyseventy, for just pointing me to read the first few pages (I was just being lazy to ask for the ELI5 ). It's a bit tricky to get into it and all the calculations but I think I get it, or at least most of it. I did some calculations myself and as said before this is very interesting stuff. Even if you don't speculate on the difficulty, but just keeping an eye on the numbers and calculate what is more profitable. Definitely have a go/play at this. Cheers!

[twentyseventy]

Well i got a better idea of things now then i did before thanks for explaining, but what's with the .0002 as the limit? Something special about that #?

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Actually, that's the point at which BDD ends (when the NAV/U reaches .0002 BTC) for the end game via Increase. For the end-game via decrease, MINE dividends are just paid out until there's no amount left to pay out any longer. Check out the End Game scenarios at the end of the OP.

Thanks @twentyseventy, for just pointing me to read the first few pages (I was just being lazy to ask for the ELI5 ). It's a bit tricky to get into it and all the calculations but I think I get it, or at least most of it. I did some calculations myself and as said before this is very interesting stuff. Even if you don't speculate on the difficulty, but just keeping an eye on the numbers and calculate what is more profitable. Definitely have a go/play at this. Cheers!

No problem; it is a bit of a tricky monster - let me know if you have any specific questions and I'll be happy to help.


Period 31, Day 5 Report - February 14, 2015

Balance Post Divs: BTC 180.07138631

Total Units: 32788

NAV/U: BTC 0.00549199

[btcminer021]

I just wanted to say how continually amazed I am at the length people go to to create these things, fraud or not.

[twentyseventy]

I just wanted to say how continually amazed I am at the length people go to to create these things, fraud or not.

Thanks, I think?

I can't take credit for the model, it was developed by user Deprived and debuted on BTC-TC in 2013. However, Deprived did eventually disappear, leaving 150(?)BTC in the lurch. Plus, much of the funds on hand weren't kept in BTC, but invested into other ventures. These ventures were voted on by holders of SELL (SELLING), but Deprived did issue recommendations on them and had a significant hand in the investment choices of the fund. The large investment made in CiperMine is now virtually worthless and Deprived barely got the 200BTC(?) of funds out of Inputs.io/Tradefortress' investment fund right before it went up in smoke.

My point here was to say that, though the concept isn't mine, I have kept BDD going for over a year now (vs 4(?) months for DMS, though the BTC-TC closing did have some hand in that) and I haven't run away with the funds, which, unfortunately, says something these days.

[galdur]

It says a whole lot. Hope you start a new round when this runs out.

[twentyseventy]

It says a whole lot. Hope you start a new round when this runs out.

Thanks, I appreciate that.


Period 31, Day 6 Report - February 15, 2015

Balance Post Divs: BTC 179.20210164

Total Units: 32968

NAV/U: BTC 0.00543563

[btcminer021]

I just wanted to say how continually amazed I am at the length people go to to create these things, fraud or not.

Thanks, I think?

I can't take credit for the model, it was developed by user Deprived and debuted on BTC-TC in 2013. However, Deprived did eventually disappear, leaving 150(?)BTC in the lurch. Plus, much of the funds on hand weren't kept in BTC, but invested into other ventures. These ventures were voted on by holders of SELL (SELLING), but Deprived did issue recommendations on them and had a significant hand in the investment choices of the fund. The large investment made in CiperMine is now virtually worthless and Deprived barely got the 200BTC(?) of funds out of Inputs.io/Tradefortress' investment fund right before it went up in smoke.

My point here was to say that, though the concept isn't mine, I have kept BDD going for over a year now (vs 4(?) months for DMS, though the BTC-TC closing did have some hand in that) and I haven't run away with the funds, which, unfortunately, says something these days.

I'll have to check out the history of Deprived. Should make for a fun read.

You've dotted your "T's" and crossed your "I's". Best of luck. I'll keep an eye on this one 

[twentyseventy]

I just wanted to say how continually amazed I am at the length people go to to create these things, fraud or not.

Thanks, I think?

I can't take credit for the model, it was developed by user Deprived and debuted on BTC-TC in 2013. However, Deprived did eventually disappear, leaving 150(?)BTC in the lurch. Plus, much of the funds on hand weren't kept in BTC, but invested into other ventures. These ventures were voted on by holders of SELL (SELLING), but Deprived did issue recommendations on them and had a significant hand in the investment choices of the fund. The large investment made in CiperMine is now virtually worthless and Deprived barely got the 200BTC(?) of funds out of Inputs.io/Tradefortress' investment fund right before it went up in smoke.

My point here was to say that, though the concept isn't mine, I have kept BDD going for over a year now (vs 4(?) months for DMS, though the BTC-TC closing did have some hand in that) and I haven't run away with the funds, which, unfortunately, says something these days.

I'll have to check out the history of Deprived. Should make for a fun read.

You've dotted your "T's" and crossed your "I's". Best of luck. I'll keep an eye on this one  

It's a fun one! Let's just say that I don't log in drunk nearly as often as he seemed to...

[NotLambchop]

^As a dog returneth to his vomit, so a fool returneth to his folly. --Proverbs 26:11

...In principle I've no objection to revealing my identity to you (and other larger investors) : running off with your investment is not (and never has been) something I've intended...

[twentyseventy]

Period 31, Day 7 Report - February 16, 2015

Balance Post Divs: BTC 179.55549285

Total Units: 33378

NAV/U: BTC 0.00537945

[btcminer021]

^As a dog returneth to his vomit, so a fool returneth to his folly. --Proverbs 26:11

...In principle I've no objection to revealing my identity to you (and other larger investors) : running off with your investment is not (and never has been) something I've intended...

Still waiting...

[twentyseventy]

Period 31, Day 8 Report - February 17, 2015

Balance Post Divs: BTC 178.38498797

Total Units: 33512

NAV/U: BTC 0.00532301

[NotLambchop]

...The fun part about you-know-who is that he's all talk, no action.

I'll see what I can do.  Hold tight

Hi buddy.  How's Deprived Mining Speculation it going?

https://bitcointalk.org/index.php?topic=647848.0

[NotLambchop]

So Matt, now that you shamed me into doing something & we're finally getting to know each other, figured I'd tell you that issuing unregistered securities and running and running unlicensed gambling schemes is illegal in Georgia.
Didja know that?

@Havelock: You are doing business with a US national, in breach of your TOS.
You're welcome.

[twentyseventy]

Looks like Havelock is having server issues today; dividends are scheduled but looks like the script hasn't run yet. Will post the update once it does-

[galdur]

Yeah, dividends arrived a few minutes late.