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Author Topic: Diablo Mining Company  (Read 87245 times)
DiabloD3
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July 03, 2013, 09:05:33 AM
 #1041

Except the buy back begun before GLBSE went under, not before.

WAT?

Sorry, typo, I meant before, not after.

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DiabloD3
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July 03, 2013, 09:06:35 AM
 #1042

Are you high at the moment? Smiley

No, but a few people on IRC are laughing at you, so I guess you have that going for you.

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July 03, 2013, 09:07:43 AM
 #1043

You yapping about 20909 shares and 9330 nonexisting shares makes you look like a Fox News, not me Smiley

Except the buy back begun before GLBSE went under, not before. So, good job there exposing the untruths of the muslim terrorist DMC founder there Wink Lemme terrorist fist jab you.

Quote
What is the DMC to AM exchange ratio at the moment?

11 DMC to 1 AM.

Are you high at the moment? Smiley

and: you wrote before:
Never re-created on Bitfunder, were bought back on GLBSE.

I am just trying to understand, wtf are you actually yapping about.

From what I can tell, the total (20k-ish) were issued on GLBSE, Then Diablo began buying them back. He managed to buy back 9k-ish of them before GLBSE collapsed. He then transferred the remaining shares (11k-ish) to BitFunder where he has been continuing to buy them back.

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July 03, 2013, 09:09:07 AM
 #1044

Except the buy back begun before GLBSE went under, not before.

WAT?

Sorry, typo, I meant before, not after.



Sorry, typo, I meant before, not after.

WAT?!?    


He meant before the before, not after the before. Savvy?

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ThickAsThieves
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July 03, 2013, 09:26:19 AM
 #1045

How do you determine the buyback price? Do you just buy at market?
DiabloD3
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July 03, 2013, 10:12:35 AM
 #1046

You yapping about 20909 shares and 9330 nonexisting shares makes you look like a Fox News, not me Smiley

Except the buy back begun before GLBSE went under, not before. So, good job there exposing the untruths of the muslim terrorist DMC founder there Wink Lemme terrorist fist jab you.

Quote
What is the DMC to AM exchange ratio at the moment?

11 DMC to 1 AM.

Are you high at the moment? Smiley

and: you wrote before:
Never re-created on Bitfunder, were bought back on GLBSE.

I am just trying to understand, wtf are you actually yapping about.

From what I can tell, the total (20k-ish) were issued on GLBSE, Then Diablo began buying them back. He managed to buy back 9k-ish of them before GLBSE collapsed. He then transferred the remaining shares (11k-ish) to BitFunder where he has been continuing to buy them back.

Don't mind EskimoBob, hes the thread's troll.

DiabloD3
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July 03, 2013, 10:14:16 AM
 #1047


Sorry, typo, I meant before, not after.

WAT?!?    

What I meant to say is I'm running for President on the Republican ticket.

"Except the buyback begun before GLBSE went under, not after. "

There. This is what I meant to say.

Rule #634: Do not post on forums shortly after getting out of bed.

DiabloD3
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July 03, 2013, 10:16:06 AM
 #1048

How do you determine the buyback price? Do you just buy at market?

Yes.

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July 03, 2013, 02:45:20 PM
 #1049

No dividends are being issued for June. All of it was used to buy back shares. It may have well been from your ask, but BF doesn't list order ownership.

This really surprising me... So I will transfer my shares today ,and I will send you my email address and BTC address used to received dividend from FC..
Can you tells me how to transfer the shares in BF to you? which users name you use? or we made it simple, you can just give me equivalent BTC by I set my ask order at the price same as PT shares in BF...which way you prefer?

hi, Diablo, please send me your users name in BF, then I can transfer the shares to you ,and try to make I can get tomorrow's dividend from AM. Cheesy

Already PM'ed you that. Just waiting on you now, PM to friedcat waiting for me to press send.

Share transferred, please PM to Friedcat...

558 DMC traded for 51 AM, current AM share price 5.0 BTC (woah wtf, srsly? when did this become a thing?)
Price incremental just in these days, Did you confirm with Friedcat? Will I receive today's dividend? Thanks Diablo
DiabloD3
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August 04, 2013, 03:23:39 AM
 #1050

Sorry everyone, I'm running a bit behind this month, I'm working on it now.

DiabloD3
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August 04, 2013, 05:21:13 AM
 #1051

Active shares: 6,024

Assets held:
106 BTC-MINING
1000 BTCMC
604 ASICMINER

Dividends:
68.66 from ASICMINER

Progress:
1691 to 1966 BTC paid into DMC over 20909 shares
1015 BTC returned for 9,330 shares (0.108 each)
8.95 BTC returned for 186 shares (0.048 each)
54.57 BTC returned for 620 shares  (0.087 each)
18.93 BTC returned for 98 shares (0.193 each)
638 BTC returned for 3,501 shares (0.182 each) (AM trade, 2 BTC a share)
73.30 BTC returned for 163 shares (0.449 each)
255 BTC returned for 558 shares (0.456 each) (AM trade, 5 BTC a share)
68.66 BTC returned for 152 shares (0.451 each)
252.79 BTC dividends paid

Original investment repaid, 164.20 to 439.20 BTC (8.35% to 25.97%) profit, 32.20% of shares left.

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August 04, 2013, 04:18:51 PM
 #1052

Active shares: 6,024

Assets held:
106 BTC-MINING
1000 BTCMC
604 ASICMINER

Dividends:
68.66 from ASICMINER

Progress:
1691 to 1966 BTC paid into DMC over 20909 shares
1015 BTC returned for 9,330 shares (0.108 each)
8.95 BTC returned for 186 shares (0.048 each)
54.57 BTC returned for 620 shares  (0.087 each)
18.93 BTC returned for 98 shares (0.193 each)
638 BTC returned for 3,501 shares (0.182 each) (AM trade, 2 BTC a share)
73.30 BTC returned for 163 shares (0.449 each)
255 BTC returned for 558 shares (0.456 each) (AM trade, 5 BTC a share)
68.66 BTC returned for 152 shares (0.451 each)
252.79 BTC dividends paid

Original investment repaid, 164.20 to 439.20 BTC (8.35% to 25.97%) profit, 32.20% of shares left.

6734-6024=710 shares bought back in July?
Huh... at that rate, you will be shifting those gears for another 9-10 months.

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
DiabloD3
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August 07, 2013, 09:46:07 AM
 #1053

1,863 DMC traded for 169 AM, current AM price is 3.85 BTC (650.65 total).

DiabloD3
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August 13, 2013, 06:02:40 AM
 #1054

Didn't expect this: BTC-MINING paid a dividend: 1.06212424

iCEBREAKER
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August 14, 2013, 09:18:06 AM
 #1055

Didn't expect this: BTC-MINING paid a dividend: 1.06212424

What sorcery is this?!    Shocked

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

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SOSLOVE868
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August 15, 2013, 03:01:03 AM
 #1056

Didn't expect this: BTC-MINING paid a dividend: 1.06212424
WOW,This a great news ...will this continues?
DiabloD3
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August 15, 2013, 08:51:47 AM
 #1057

Didn't expect this: BTC-MINING paid a dividend: 1.06212424
WOW,This a great news ...will this continues?

No. It was what was invested into BTC-MINING but never given to amazingrando. Namworld has been holding onto it for awhile in hopes it could be useful, so he decided to just pay it out instead.

DiabloD3
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September 05, 2013, 05:07:04 PM
 #1058

Active shares: 4,028

Assets held:
106 BTC-MINING
1000 BTCMC
430 ASICMINER

Dividends:
30.53 BTC from ASICMINER
1.06 BTC from BTC-MINING

Progress:
1691 to 1966 BTC paid into DMC over 20909 shares
1015 BTC returned for 9,330 shares (0.108 each)
8.95 BTC returned for 186 shares (0.048 each)
54.57 BTC returned for 620 shares  (0.087 each)
18.93 BTC returned for 98 shares (0.193 each)
638 BTC returned for 3,501 shares (0.182 each) (AM trade, 2 BTC a share)
73.30 BTC returned for 163 shares (0.449 each)
255 BTC returned for 558 shares (0.456 each) (AM trade, 5 BTC a share)
68.66 BTC returned for 152 shares (0.451 each)
650.65 BTC returned for 1,863 shares (0.349 each) (AM trade, 3.85 BTC a share)
11.25 BTC returned for 58 shares (0.193 each) (AM trade, 2.25 BTC a share)
31.41 BTC returned for 75 shares (0.418 each)
252.79 BTC dividends paid

Original investment repaid, 1112.51 BTC to 1387.51 BTC (58.65% to 82.05%) profit, 19.25% of shares left.

DiabloD3
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October 02, 2013, 11:28:13 PM
 #1059

Active shares: 3,947

Assets held:
106 BTC-MINING
1000 BTCMC
430 ASICMINER

Dividends:
19.81 BTC from ASICMINER

Progress:
1691 to 1966 BTC paid into DMC over 20909 shares
1015 BTC returned for 9,330 shares (0.108 each)
8.95 BTC returned for 186 shares (0.048 each)
54.57 BTC returned for 620 shares  (0.087 each)
18.93 BTC returned for 98 shares (0.193 each)
638 BTC returned for 3,501 shares (0.182 each) (AM trade, 2 BTC a share)
73.30 BTC returned for 163 shares (0.449 each)
255 BTC returned for 558 shares (0.456 each) (AM trade, 5 BTC a share)
68.66 BTC returned for 152 shares (0.451 each)
650.65 BTC returned for 1,863 shares (0.349 each) (AM trade, 3.85 BTC a share)
11.25 BTC returned for 58 shares (0.193 each) (AM trade, 2.25 BTC a share)
31.41 BTC returned for 75 shares (0.418 each)
19.99 BTC returned for 81 shares (0.246 each)
252.79 BTC dividends paid

Original investment repaid, 1132.50 BTC to 1407.50 BTC (57.60% to 83.23%) profit, 18.87% of shares left.

DiabloD3
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October 09, 2013, 05:32:29 AM
 #1060

BitFunder has announced the following:

Quote
Important Notice (October 8th, 2013):

Please be advised that BitFunder is implementing the following rules and procedures:

    As of October 8th, 2013, BitFunder will not accept new registrations from any United States persons or entities. All new registrants must supply the information required to obtain "Verified" status on their linked WeExchange account. BitFunder may, in its sole direction, decline to accept any new registrations.

    As of October 8th, 2013, all current BitFunder users who are located in the United States or are determined to be United States persons or entities will not be able to enter into any new positions on the Bitfunder website, and, as of November 1, 2013, such users will also not be allowed to sell positions on the BitFunder website.

    All current BitFunder users who are not United States persons or entities must supply the information required to obtain "Verified" status on their linked WeExchange account before November 1, 2013. Any such users who fail to provide the necessary information will not be able to enter into or sell positions on the BitFunder website as of November 1, 2013.

    Users will be able to withdraw holdings and Bitcoins from their BitFunder accounts before and after November 1, 2013.

    All assets and issuers must demonstrate that they meet BitFunder's requirements for the listing of assets, or the assets and issuers will, at BitFunder's sole discretion, be denied access to, or removed from, the site. Issuers will be notified of any additional information needed to demonstrate compliance with BitFunder's requirements.

    BitFunder appreciates your understanding in these matters as we move forward.

    Sincerely,
    BitFunder

What this means for Diablo Mining Company:

The SEC has gone after BitFunder (ab)using the legal process.

The SEC will go after all domestic and foreign Bitcoin stock markets that do business with Americans or American companies.

DMC is from America.

The majority of DMC shareholders are from America.

SEC rules generally prohibit foreign investors unless you jump through hoops.

DMC will no longer be allowed to trade on BitFunder.

DMC will no longer be able to pay dividends or participate in any form of share buyback.

Due to the fact that the SEC is trying to obliterate any Bitcoin startups by whatever means necessary, and that DMC has far exceeded its goal to payback investors, this marks the end of share buyback.

It is unlikely that Yochdog or Namworld will pay anything they owe to DMC. If anyone wants to buy their debt from me, they are welcome make an offer on a significant fraction of what is owed, however I believe it is unlikely anyone will. If this offer is completed before November 1st, and BitFunder hasn't shut down and hasn't delisted DMC, it will be paid out to the remaining shareholders.

As per the shareholder contract, DMC is now closing and liquidating.

The last 3,947 shares can still be traded 11:1 for ASICMINER shares until BitFunder shuts down or delists DMC or before November 1st. Anything remaining will be used to resolve DMC's debt.

Between 158% and 183% of the original investment has been repaid.

Although DMC has failed at its original goals, I wish everyone else luck.

---

456 DMC traded for 42 AM, 3491 DMC and 388 AM left
44 DMC traded for 4 AM, 3447 DMC and 384 AM left
143 DMC traded for 13 AM, 3304 DMC and 371 AM left
38 DMC traded for 4 AM, 3266 DMC and 367 AM left
91 DMC traded for 8 AM, 3175 DMC and 359 AM left
95 DMC traded for 9 AM, 3080 DMC and 350 AM left
143 DMC traded for 13 AM, 2937 DMC and 337 AM left
21 DMC traded for 2 AM, 2916 DMC and 335 AM left
46 DMC traded for 4 AM, 2870 DMC and 331 AM left
53 DMC traded for 5 AM, 2817 DMC and 326 AM left
28 DMC traded for 3 AM, 2789 DMC and 323 AM left

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