[Havelock] Bitcoin Difficulty Derivative (BDD)

[galdur]

Relax, he´ll get it done in due course.

[NotLambchop]

^He had like a week and a half to relax, he's prob'ly all rested up and full of energy.  Anyhow, Havelock just promised a few more days of enforced relaxation, so your advice's sorta moot. 

[bubbaj]

Sir twentyseventy please explain if i understand well this part :

,,All Fund Held In Escrow by Havelock
Havelock Investments will hold all funds in escrow. The Manager CANNOT withdraw funds from the Manager account to an external BTC address, nor should he need to in any case, except for closure of the Exchange.''

I understand in case of closure of exchange in this case Havelock if will hapend and we hope will not,you must be able to manage BDD funds and even you can,if shareholders agree by voting to move operation to another platform with all funds.
I think was normal from the begining funds to be operated only with your agreement like Manager of fund and Havelock agreement both same time and never just by one part.
Thank you.
BR.

I believe that there are two main scenarios here:
1. Havelock reopens and all funds are intact
2. Havelock closes and all funds are gone into the ether (less likely in my opinion)

I believe that Havelock closing but redeeming all deposits is extremely unlikely. It's most likely going to be one of the other scenarios above. If if does come down to this last scenario, I will happily look for alternate exchanges or platforms that will accommodate BDD.

Ever thought of a multi signature wallet this will also prevent Havelock from ripping off the funds, or a multi sig wallet with a third party escrow that will also stop the risk, also asking Havelock for a daily data base shot of current investors with matching emails. This way if this happens again you could look at another platform 

[twentyseventy]

Havelock is re-open and all funds are in tact. Was wondering when we are going to get our back pay of dividends? Thank you.

And where is TwentySeventy to let us know when we are getting dividends? Well he was online after I posted this, but now he is offline...go figure??

Havelock literally came up at the end of the workday and I went out to a business dinner right after that. Getting home now and catching up; logged in to see that all prescheduled dividends were paid.

Many times I'll leave the tab open all day so it will show that I'm online all day every day. 

Havelock has advised that all works as it should besides trades and withdrawals for the moment (obviously). So, I'll go ahead and calculate all back dividends tomorrow and will issue a big lump sum dividend tomorrow; it may not be at noon like normal depending on my workload tomorrow. This assumes that the dividends script works as promised; will post updates tomorrow.

[bubbaj]

Havelock is re-open and all funds are in tact. Was wondering when we are going to get our back pay of dividends? Thank you.

And where is TwentySeventy to let us know when we are getting dividends? Well he was online after I posted this, but now he is offline...go figure??

Havelock literally came up at the end of the workday and I went out to a business dinner right after that. Getting home now and catching up; logged in to see that all prescheduled dividends were paid.

Many times I'll leave the tab open all day so it will show that I'm online all day every day. 

Havelock has advised that all works as it should besides trades and withdrawals for the moment (obviously). So, I'll go ahead and calculate all back dividends tomorrow and will issue a big lump sum dividend tomorrow; it may not be at noon like normal depending on my workload tomorrow. This assumes that the dividends script works as promised; will post updates tomorrow.

Great work and looking forward to the dividend. Thanks for the update

[NotLambchop]

...
Many times I'll leave the tab open all day so it will show that I'm online all day every day. ...

The forum software shows you as "away" unless you refresh that tab ~10 mins, Matt

[twentyseventy]

Havelock is re-open and all funds are in tact. Was wondering when we are going to get our back pay of dividends? Thank you.

And where is TwentySeventy to let us know when we are getting dividends? Well he was online after I posted this, but now he is offline...go figure??

Havelock literally came up at the end of the workday and I went out to a business dinner right after that. Getting home now and catching up; logged in to see that all prescheduled dividends were paid.

Many times I'll leave the tab open all day so it will show that I'm online all day every day. 

Havelock has advised that all works as it should besides trades and withdrawals for the moment (obviously). So, I'll go ahead and calculate all back dividends tomorrow and will issue a big lump sum dividend tomorrow; it may not be at noon like normal depending on my workload tomorrow. This assumes that the dividends script works as promised; will post updates tomorrow.

Great work and looking forward to the dividend. Thanks for the update

No problem. I'm currently slammed at work; I'll try to have it out before the end of the work day if possible. If not, it will be this evening - didn't want anyone to freak out if it hit 5PM without the update/divs.

[JasherEnoch]

Havelock is re-open and all funds are in tact. Was wondering when we are going to get our back pay of dividends? Thank you.

And where is TwentySeventy to let us know when we are getting dividends? Well he was online after I posted this, but now he is offline...go figure??

Havelock literally came up at the end of the workday and I went out to a business dinner right after that. Getting home now and catching up; logged in to see that all prescheduled dividends were paid.

Many times I'll leave the tab open all day so it will show that I'm online all day every day. 

Havelock has advised that all works as it should besides trades and withdrawals for the moment (obviously). So, I'll go ahead and calculate all back dividends tomorrow and will issue a big lump sum dividend tomorrow; it may not be at noon like normal depending on my workload tomorrow. This assumes that the dividends script works as promised; will post updates tomorrow.

Sounds good to me thank you TwentySeventy.

[twentyseventy]

Here are the reports for the remainder of Period 31. Dividends for these days were prescheduled and have already been paid.

Period 31, Day 11 Report - February 20, 2015

Balance Post Divs: BTC 179.62371277

Total Units: 34848

NAV/U: BTC 0.00515449


Period 31, Day 12 Report - February 21, 2015

Balance Post Divs: BTC 177.65270989

Total Units: 34848

NAV/U: BTC 0.00509793


Period 31, Day 13 Report - February 22, 2015

Balance Post Divs: BTC 175.68170701

Total Units: 34848

NAV/U: BTC 0.00504137

[twentyseventy]

Period 31 End Report - February 23, 2015

Previous Units              30899
EXCH Sold                   3950
Less Buybacks              1
New Total Units        34848

Previous Balance          180.12346011
Price per EXCH             Variable
Gross Sales of EXCH      22.32883334

Less Fees                    0.08748042
Less Dividends              26.23965456
Less Buybacks              0.00543755
Less Mgmt Fee              0.43801391
Net Balance            175.68170701

End of Period NAV/U     0.00504137

New Difficulty                  46,684,376,317
New Daily Dividend         0.00005386
New Reserve per Unit        0.01077200

New Reserve Less NAV/U = 0.01077200 - 0.00504137 = -0.00573063


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

Days of Dividends On Hand    ~93.6

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]

Here are the reports for Period 32, which have not yet been paid. The reports below will show as if the dividends had been paid each day for clarity's sake.

The missing dividend dates were: 2/23, 2/24, 2/25, 2/26, 2/27, 2/28, 3/1, 3/2, 3/3.

This is nine dates total that missed dividends. Dividends at the new difficulty are 0.00005386 per MINE unit, so the lump sum dividend will be 9 * 0.00005386 = .00048474 per unit.


Period 32, Day 0 Report - February 23, 2015

Balance Post Divs: BTC 173.80471009

Total Units: 34848

NAV/U: BTC 0.00498750


Period 32, Day 1 Report - February 24, 2015

Balance Post Divs: BTC 171.92771318

Total Units: 34848

NAV/U: BTC 0.00493364


Period 32, Day 2 Report - February 25, 2015

Balance Post Divs: BTC 170.05071626

Total Units: 34848

NAV/U: BTC 0.00487978


Period 32, Day 3 Report - February 26, 2015

Balance Post Divs: BTC 168.17371935

Total Units: 34848

NAV/U: BTC 0.00482592


Period 32, Day 4 Report - February 27, 2015

Balance Post Divs: BTC 166.29672243

Total Units: 34848

NAV/U: BTC 0.00477205


Period 32, Day 5 Report - February 28, 2015

Balance Post Divs: BTC 164.41972552

Total Units: 34848

NAV/U: BTC 0.00471819


Period 32, Day 6 Report - March 1, 2015

Balance Post Divs: BTC 162.54272860

Total Units: 34848

NAV/U: BTC 0.00466433


Period 32, Day 7 Report - March 2, 2015

Balance Post Divs: BTC 160.66573169

Total Units: 34848

NAV/U: BTC 0.00461047


Period 32, Day 8 Report - March 3, 2015

Balance Post Divs: BTC 158.78873477

Total Units: 34848

NAV/U: BTC 0.00455660

[twentyseventy]

The Make-Up Dividend for 9 Days of Missed Dividends has been scheduled now - the total per unit of MINE is .00048474

Havelock normally runs the dividend script each hour on the hour, so hopefully it will run at 6PM ET tonight in just a few minutes.

Tomorrow will resume normal dividends of 0.00005386 per MINE. See you guys tomorrow!

[bubbaj]

The Make-Up Dividend for 9 Days of Missed Dividends has been scheduled now - the total per unit of MINE is .00048474

Havelock normally runs the dividend script each hour on the hour, so hopefully it will run at 6PM ET tonight in just a few minutes.

Tomorrow will resume normal dividends of 0.00005386 per MINE. See you guys tomorrow!

Cheers mate I see that the dividend is in my account, I will be holding steady as I can see some interesting trading days ahead, hoping for some discount buys

[twentyseventy]

Period 32, Day 9 Report - March 4, 2015

Balance Post Divs: BTC 156.91257421

Total Units: 34848

NAV/U: BTC 0.00450277

Cheers mate I see that the dividend is in my account, I will be holding steady as I can see some interesting trading days ahead, hoping for some discount buys

Yes, I'll be interested to see how the market reacts; who knows, maybe everyone will just be too busy freaking out about AM and AMHash!

[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.

[danrachita]

i got 0.7172 BTC for 326 shares and i must got 1.75388 BTC so i loose 1.03668 BTC about 192 shares.
Please Sir solve situation and add to my account that 192 shares.
Thank you.
BR.

[AllInBit]

@twentyseventy

Will any new units be issued? Thanks

[danrachita]

Please Sir dont ignore me.
I need money to pay some bills very urgent.
I didnt sell if i dont need because this was best service ever and from tomorow will buy shares again.
Please solve it fast.
BR.

[danrachita]

Sir is your mistake and please solve it.
You write on front page value 0.0022 instead of 0.00522 by mistake and that create this situation and fund get that shares at this ridiculous price.
Is my money invested in fund and need them back.
I saved pictures with that but i dont know how to upload.
Please solve my problem because i need this money very urgent.
Thank you.
BR.

[ujka]

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.