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Author Topic: NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)  (Read 798872 times)
OgNasty
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August 03, 2013, 07:07:37 PM
 #1321

One remaining concern is geopolitical. What aspects of the operation are secure against legal threats or confiscation?

I don't want to pretend I'm a lawyer, but from my understanding, all I am doing is mining BTC.  Last I checked, that was legal.  NastyFans are also trading fan club seats amongst each other, so there really isn't any banking or anything like that going on as with the other exchanges.  However, I feel the best way to address this concern is to continue diversifying the operation.  I suspect over the next couple months you will see a few new products/services relating to NastyFans.  I have been hard at work, as has nonnakip for quite some time on a few different projects/services that will benefit current seat owners.  My hope is that you, the NastyFans, will join together at some point in the very near future to strengthen our mining network to multiple locations around the globe.  Get ready.  Exciting things are coming.

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miscreanity
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August 03, 2013, 11:48:17 PM
 #1322

I feel the best way to address this concern is to continue diversifying the operation.

Agreed.

My hope is that you, the NastyFans, will join together at some point in the very near future to strengthen our mining network to multiple locations around the globe.

Solid perspective. With the right structure, I think collaborative participation will be very forthcoming. Looking forward to announcements.
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August 04, 2013, 01:15:17 AM
 #1323

Now that BFL has moved beyond day 1 60GH/s ASIC orders, I have unplugged 3 more of our FPGAs to send back to BFL to be upgraded.  This hopefully results in us adding some more hashing power soon.

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kroneko
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August 04, 2013, 03:43:13 AM
 #1324

Now that BFL has moved beyond day 1 60GH/s ASIC orders, I have unplugged 3 more of our FPGAs to send back to BFL to be upgraded.  This hopefully results in us adding some more hashing power soon.

Glad to hear it!  Eager to see more and more hashing power per seat  Grin
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August 04, 2013, 05:37:46 AM
 #1325

Are seats still available?
redbeans2012
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August 04, 2013, 05:42:19 AM
 #1326

Are seats still available?

Sign up for nastyfans.org

its its own self contained exchange.

OgNasty
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August 04, 2013, 05:43:55 AM
 #1327

Are seats still available?

Sign up for www.nastyfans.org

its its own self contained exchange.

...or BitFunder is also now an option.   Wink

https://bitfunder.com/asset/NastyFans

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[]
Equilux
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August 04, 2013, 05:49:50 AM
 #1328

Are seats still available?

Sign up for www.nastyfans.org

its its own self contained exchange.

...or BitFunder is also now an option.   Wink

https://bitfunder.com/asset/NastyFans

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder? Thanks again for your continuing efforts! Smiley

redbeans2012
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August 04, 2013, 06:45:20 AM
 #1329

Are seats still available?

Sign up for www.nastyfans.org

its its own self contained exchange.

...or BitFunder is also now an option.   Wink

https://bitfunder.com/asset/NastyFans

Sorry, I've been drinking tonight.  Good job man, been with NastyMining since GLBSE.  Fun times. lol

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August 04, 2013, 08:13:39 AM
 #1330

can i somehow move my full shares to bitfunder?
OgNasty
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August 04, 2013, 08:20:15 AM
 #1331

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder? Thanks again for your continuing efforts! Smiley

can i somehow move my full shares to bitfunder?

Per the profile description on BitFunder:
  • 1,000 NastyFans Seats are being held in an account on NastyFans.org to back this 1/100th micro-share pass-thru.
  • 100% of all BTC distributions received will be distributed to their respective shares. (no operator fees)
  • Shares will have no voting rights and can not be exchanged for NastyFans.org Seats or vice versa.

https://bitfunder.com/asset/NastyFans

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nonnakip
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August 04, 2013, 11:53:12 AM
 #1332

...or BitFunder is also now an option.   Wink

https://bitfunder.com/asset/NastyFans

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder?

I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.

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August 04, 2013, 04:56:58 PM
 #1333

...or BitFunder is also now an option.   Wink

https://bitfunder.com/asset/NastyFans

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder?

I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.

I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.

How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.

Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans.  4% will go to management fees.
Equilux
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August 04, 2013, 10:45:48 PM
 #1334

Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder? Thanks again for your continuing efforts! Smiley

can i somehow move my full shares to bitfunder?

Per the profile description on BitFunder:
  • 1,000 NastyFans Seats are being held in an account on NastyFans.org to back this 1/100th micro-share pass-thru.
  • 100% of all BTC distributions received will be distributed to their respective shares. (no operator fees)
  • Shares will have no voting rights and can not be exchanged for NastyFans.org Seats or vice versa.

Ah I should have read that before I asked questions. But I did notice a typo;
"EXCERT" should be "EXCERPT"
And I think the parts about buying and selling seats could be removed, since it doesn't apply on BitFunder.

I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.

So are you indeed using your own shares OgNasty? Or are you buying them on NastyFans?

I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.

How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.

Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans.  4% will go to management fees.

Thanks for explaining! So how would you decide on a price? You buy them for the current price on Nastyfans, and list them for slightly more on btct.co? Smiley

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August 04, 2013, 10:47:19 PM
 #1335

Update:
Our recently purchased power supply burned out this morning.  It was only purchased a few weeks ago so I was able to exchange it at Best Buy for a new one.  Hopefully the new one lasts a little longer.  The PSU was getting plenty of cool airflow, so I can't really explain why our PSUs keep dropping like flies.


I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.

How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.

Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans.  4% will go to management fees.

Thanks Carnth.  Nice to see such a longstanding forum member offering another option.  Also great to see that 1% of donations received will be sent back to the fan club.


So are you indeed using your own shares OgNasty? Or are you buying them on NastyFans?

I already own the shares to cover the pass-thru, but I do intend to buy more on NastyFans.org.  I have no set plan for how my personal purchases are made.

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Carnth
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August 05, 2013, 09:20:18 PM
 #1336

I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.

How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.

Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans.  4% will go to management fees.

Thanks for explaining! So how would you decide on a price? You buy them for the current price on Nastyfans, and list them for slightly more on btct.co? Smiley

I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalk.org/index.php?topic=268589.0
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August 06, 2013, 12:29:36 AM
 #1337


I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalk.org/index.php?topic=268589.0

Carnth - thanks for setting this up!!

https://btct.co/security/NASTY-PT
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August 06, 2013, 02:56:04 AM
 #1338


I have more details over on the new thread I created for the btct.co pass-through:
https://bitcointalk.org/index.php?topic=268589.0

Carnth - thanks for setting this up!!

https://btct.co/security/NASTY-PT


Just waiting for Burnside to release it to the mods for approval.
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August 06, 2013, 03:41:34 AM
 #1339

Big day and a half for P2Pool!  Looks like we might be headed for our biggest distribution ever on Friday.   Cool

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silverfuture
Hero Member
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Activity: 863


central banking = outdated protocol


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August 06, 2013, 04:10:15 AM
 #1340

Big day and a half for P2Pool!  Looks like we might be headed for our biggest distribution ever on Friday.   Cool

Ka-ching! 

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