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Author Topic: [GLBSE] Interest in a Thoroughbred Racehorse  (Read 13263 times)
TTBit
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May 25, 2012, 01:52:18 AM
 #101

Sadly, JE2 and I have determined she is not a racehorse. The trainers and jockeys have confirmed that she does not have a desire to compete. She gave all she had in the last race, and was never in contention. As of now, she is going to be basically given away. The trainer wants to try to run her on the turf, but from a manager's perspective, we will not pay for the experience. We still have an outstanding balance which will be returned to investors.

As a show of good faith to our loyal investors, I am going to place a bid for all membership shares of SATOSHISDAEMON.horse at the IPO price. We recommend you sell at this price. This was an experiment that JE2 and I put together, and don't want ~100 BTC to ruin that relationship. Once the dust settles, we may want to seek a claiming horse and race within 2 weeks of acquisition under a new issue.

Please give 24-48 hours for the bid in the market, while I re-align the wallets & addresses ahead of the holiday weekend (read: I am too disappointed to deal with the loss right now). Thanks to everyone who participated and followed along!


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LightRider
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I advocate the Zeitgeist Movement & Venus Project.


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May 25, 2012, 02:45:38 AM
 #102

I've never really cared about horse racing, in fact I think all animal based sports are a form of animal cruelty, but it was certainly an interesting way to promote bitcoin.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
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LoupGaroux
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May 25, 2012, 04:29:22 AM
 #103

Classy way to exit... hopefully this great idea can be resurrected with another candidate. Thanks for the fun ride in the racing game for a while, guess I don't need to learn how to make mint juleps quite yet.

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PawShaker
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May 25, 2012, 07:03:20 AM
 #104

Hang in there guys. 

Satoshi Dog food might actually a good business model for the bitcoin pet owners.

http://www.metro.ca/recette/3271/barbecue-horsemeat-sirloin-steaks.en.html

I have found this several days ago, but I did not want to spoil good spirits.

And TTBit has just saved her from sharp forks of bitcoin restaurant investors.  Wink

1FQkH63k6hkexFMTRzLtJEE6ZAaTBRhjiS
Sukrim
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May 25, 2012, 07:38:21 AM
 #105

As a show of good faith to our loyal investors, I am going to place a bid for all membership shares of SATOSHISDAEMON.horse at the IPO price. We recommend you sell at this price. This was an experiment that JE2 and I put together, and don't want ~100 BTC to ruin that relationship.

A really noble gesture and thanks a lot for that experiment, even though it didn't work out as intended.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
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nelisky
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May 25, 2012, 08:06:44 AM
 #106

Awwww, that's so disappointing (that she's not a race horse, not the race result). If I keep my shares (and maybe buy some more Wink ) will they count towards a new horse you buy? Is that in the plans?
Ben Walsh (beamer)
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May 25, 2012, 10:13:43 AM
 #107

Maybe this is stupid and soppy but I would like to make a payment (5% or so of what I had invested) towards some form of treat for her for the effort she did put in during training etc ...

I've no idea whether something like these are recommended http://www.thesaddleryshop.co.uk/P/Super_Tasty_Crunchies-(2842).aspx, I'll leave you to decide what's most suitable for her.

Please confirm your GLBSE username and I will make the BTC transfer through that.

Your efforts are much appreciated and thanks for bringing something new and different to GLBSE.

I hope we can try again with a different horse at a later date or maybe even a selection of horses to spread some of the risk around.

As a sign of my faith and confidence I pledge 250% of my original investment to any new horse(s) you choose.

BTC Difficulty Avg Change Google Gadget - http://bit.ly/nWZLkr
How many Bitcoins can I expect to mine ? - http://bitcoindetailedcalculator.appspot.com
BTC Donation Address : 13Wu7W7jmjQot7xnqogHYSmUmR1MzyB3YE
TTBit
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May 25, 2012, 10:45:31 AM
 #108

Awwww, that's so disappointing (that she's not a race horse, not the race result). If I keep my shares (and maybe buy some more Wink ) will they count towards a new horse you buy? Is that in the plans?

Since we may structure it differently, I suggest you sell after we re-organize. Thanks for the interest!

good judgment comes from experience, and experience comes from bad judgment
TTBit
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May 25, 2012, 10:50:14 AM
 #109

Maybe this is stupid and soppy but I would like to make a payment (5% or so of what I had invested) towards some form of treat for her for the effort she did put in during training etc ...

I've no idea whether something like these are recommended http://www.thesaddleryshop.co.uk/P/Super_Tasty_Crunchies-(2842).aspx, I'll leave you to decide what's most suitable for her.

Please confirm your GLBSE username and I will make the BTC transfer through that.

Your efforts are much appreciated and thanks for bringing something new and different to GLBSE.

I hope we can try again with a different horse at a later date or maybe even a selection of horses to spread some of the risk around.

As a sign of my faith and confidence I pledge 250% of my original investment to any new horse(s) you choose.

Thanks for the gesture. However, she may be gone already as JE2 was looking for someone to take her last night after the races, rather than have us pay to ship her back.

good judgment comes from experience, and experience comes from bad judgment
Ben Walsh (beamer)
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May 25, 2012, 10:54:04 AM
 #110

Do horses always keep the name they start out with in US racing ?

Maybe this is stupid and soppy but I would like to make a payment (5% or so of what I had invested) towards some form of treat for her for the effort she did put in during training etc ...

I've no idea whether something like these are recommended http://www.thesaddleryshop.co.uk/P/Super_Tasty_Crunchies-(2842).aspx, I'll leave you to decide what's most suitable for her.

Please confirm your GLBSE username and I will make the BTC transfer through that.

Your efforts are much appreciated and thanks for bringing something new and different to GLBSE.

I hope we can try again with a different horse at a later date or maybe even a selection of horses to spread some of the risk around.

As a sign of my faith and confidence I pledge 250% of my original investment to any new horse(s) you choose.

Thanks for the gesture. However, she may be gone already as JE2 was looking for someone to take her last night after the races, rather than have us pay to ship her back.

BTC Difficulty Avg Change Google Gadget - http://bit.ly/nWZLkr
How many Bitcoins can I expect to mine ? - http://bitcoindetailedcalculator.appspot.com
BTC Donation Address : 13Wu7W7jmjQot7xnqogHYSmUmR1MzyB3YE
TTBit
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May 25, 2012, 12:51:38 PM
 #111

Do horses always keep the name they start out with in US racing ?

Maybe this is stupid and soppy but I would like to make a payment (5% or so of what I had invested) towards some form of treat for her for the effort she did put in during training etc ...

I've no idea whether something like these are recommended http://www.thesaddleryshop.co.uk/P/Super_Tasty_Crunchies-(2842).aspx, I'll leave you to decide what's most suitable for her.

Please confirm your GLBSE username and I will make the BTC transfer through that.

Your efforts are much appreciated and thanks for bringing something new and different to GLBSE.

I hope we can try again with a different horse at a later date or maybe even a selection of horses to spread some of the risk around.

As a sign of my faith and confidence I pledge 250% of my original investment to any new horse(s) you choose.

Thanks for the gesture. However, she may be gone already as JE2 was looking for someone to take her last night after the races, rather than have us pay to ship her back.

Yes. Names can change until the horse does something official such as a workout or race. Satoshi's Daemon was not her name at birth and I forget her original name at the moment. There was ~$100 fee to change her name when we acquired her.

good judgment comes from experience, and experience comes from bad judgment
MaxSan
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May 25, 2012, 04:08:47 PM
 #112

Awwww, that's so disappointing (that she's not a race horse, not the race result). If I keep my shares (and maybe buy some more Wink ) will they count towards a new horse you buy? Is that in the plans?

Since we may structure it differently, I suggest you sell after we re-organize. Thanks for the interest!

What do you mean by this? Do intend to purchase another horse and continue on this path? Will our holidng still count or do we sell up and re-buy on the new offering?
TTBit
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May 25, 2012, 04:41:05 PM
 #113

Awwww, that's so disappointing (that she's not a race horse, not the race result). If I keep my shares (and maybe buy some more Wink ) will they count towards a new horse you buy? Is that in the plans?

Since we may structure it differently, I suggest you sell after we re-organize. Thanks for the interest!

What do you mean by this? Do intend to purchase another horse and continue on this path? Will our holidng still count or do we sell up and re-buy on the new offering?

Sorry,

SATOSHISDAEMON.horse as listed on the GLBSE will, in effect, never pay a dividend. You should sell those shares at 0.210 btc. If we acquire a new horse there will be a new issue, probably with different terms. After we go a few months without any trades, I will request it gets de-listed. Hope this answers your question.

p.s., just waiting on the confirms and I will place a bid of 0.21 for this issue.

good judgment comes from experience, and experience comes from bad judgment
MaxSan
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May 25, 2012, 04:52:05 PM
 #114

Done. I hope good things from you in the future with another interesting glbse listing.

TTBit
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May 25, 2012, 06:42:43 PM
 #115

I have placed a bid of 0.21 on SATOSHISDAEMON.HORSE. There will be no dividend, and I will request a de-listing once investors have been satisfied.

Thanks for your interest in the project!

good judgment comes from experience, and experience comes from bad judgment
LoupGaroux
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May 25, 2012, 10:14:29 PM
 #116

A note of post morteum review of this issue?

One of the signal successes of GLBSE, in spite of not having the horse we all hoped for as our champion. The investment was presented clearly, the supporting materials were open and honest, transparency was present in all dealings, and the owners stayed in good communication with the investors. I would suggest that anyone considering offering a participatory investment on the GLBSE study the history of SATSOHISDAEMON.horse and learn how to do it right, and how to stay right with you investors even when it crapped out at the end of the run.

Thank you for offering this, and for running it so well. I look forward to the next opportunity you might come across, this was fun, if not a windfall. Especially after what I dropped at the OTB yesterday on our little Princess, but, for a moment there, I got to play Owner, and that was well worth the price.

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Scott J
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May 25, 2012, 11:20:11 PM
 #117

I'd like to echo the posts regarding the professionalism you have shown here.

As I was planning to invest, I would really love for you to look for another horse.


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May 27, 2012, 03:11:00 PM
 #118

Unfortunately, things did not work out with Satoshi's Daemon, but we will contiune to look for what we hope will be quality racing prospects. For those of you who wish to contiune to follow our racing pursuits, we have a promising young two year old who will make his first start on Friday, June 1st in race #3 at Evangeline Downs. His name is Shreveport Royale. We "may" offer a portion of him to the Bitcoin world if we feel there is enough interest. His first race will give everyone an opportunity to see him in action before any possible bidding begins. Thanks again to all who have followed us along this horse racing trail. The first link below will take you to the racecard and the second link will take you to our YouTube page where you can see some of his past videos. He is a high strung colt, and we have a bug boy (apprentice jockey who gets a 5 lbs. weight break) in the saddle for the race.

http://www.equibase.com/static/entry/EVD060112USA-EQB.html#RACE3

http://www.youtube.com/user/EvansTBRacing#p/u
lomax
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May 28, 2012, 04:21:21 AM
 #119

Should have stayed with the bitcoin naming scheme!:(

"Nakamoto's Nonce", "Peer-to-peer", "Proof of Work", "Difficulty Rising".. 

Ben Walsh (beamer)
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June 06, 2012, 01:33:50 PM
 #120

I've reposted my sell order at 0.21 BTC / share.

When can we expect further purchases to refund investors ?

BTC Difficulty Avg Change Google Gadget - http://bit.ly/nWZLkr
How many Bitcoins can I expect to mine ? - http://bitcoindetailedcalculator.appspot.com
BTC Donation Address : 13Wu7W7jmjQot7xnqogHYSmUmR1MzyB3YE
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