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!
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.
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?