NastyMining - Free Electricity, No Fees, NastyFans.org

[OgNasty]

Well, I took one, would like more, but I'm a bit unsure about the international shipping 

PM sent.

[smooth]

Regarding the poll to raise to 75% the amount of donations withheld to pay down debts -

Since none of the choices has received a majority vote, I would suggest that we perform an additional poll using the most popular two choices, 25%/75%, to see which would earn the majority.

+1

I think nonnakip mentioned he was planning to do this.

[OgNasty]

The minted seats are great, but it's a pretty steep price for 1oz silver. 

Well, 1/2 the cost is a donation to NastyFans.  Even so, I think pricing is in-line with other products.  We also have a much lower price entry point.  Here's a cost comparison of another available coin for the sake of argument.

Lealana 1oz Silver 1 BTC Coin
Total Cost with shipping: 1.26 BTC
Cost with shipping minus contents: 0.26 BTC

NastyFans 1oz Silver 1 Seat Coin
Total Cost with shipping: 0.27 BTC
Cost with shipping minus contents: 0.22 BTC

[zapeta]

The minted seats are great, but it's a pretty steep price for 1oz silver. 

Well, 1/2 the cost is a donation to NastyFans.  Even so, I think pricing is in-line with other products.  We also have a much lower price entry point.  Here's a cost comparison of another available coin for the sake of argument.

Lealana 1oz Silver 1 BTC Coin
Total Cost with shipping: 1.26 BTC
Cost with shipping minus contents: 0.26 BTC

NastyFans 1oz Silver 1 Seat Coin
Total Cost with shipping: 0.27 BTC
Cost with shipping minus contents: 0.22 BTC

Very good point.  Just trying to decide if I want to spend ~$250 for a coin.

[CumpsD]

Ah damn, I was asleep during Black Friday :/

Could you PM me too about the international shipping conditions please?

[nonnakip]

Here's a cost comparison of another available coin for the sake of argument.

Lealana 1oz Silver 1 BTC Coin
Total Cost with shipping: 1.26 BTC
Cost with shipping minus contents: 0.26 BTC

NastyFans 1oz Silver 1 Seat Coin
Total Cost with shipping: 0.27 BTC
Cost with shipping minus contents: 0.22 BTC

This is a valid comparison only at first minting.

The nastyfans minted seat coins increase contents with each donation distribution. This reduces the "cost with shipping minus conents" over time. It is possible that the coin someday has the same BTC content that you paid for the coin. This is a very important difference to understand.

[silverfuture]

I believe this coin is the first of it's kind. It is an awesome concept that will probably now be copied by others. I believe these coins will be worth far more than their current value as time goes on.

[OgNasty]

I'm happy to report that 54 coins were sold on Black Friday.  Thanks to everyone who ordered so far!

[smooth]

How are the dividends going to work for the coins? They're rapidly approaching (if not already) dust status for individual seats. I don't really see how you can do a web interface to control payouts with the coins.

[smooth]

It seems that these unique addresses will be a pile of dust tx?

I see that some fans are unhappy with donation distribution method. I work to create payout threshold setting. This setting will be valid for all seats including minted seats.

How is that going to work? Are the minted seats transferrable? How will the new owner log in to adjust the payouts?

Maybe the best thing to do is just for TPTB to set some reasonable (relative to transaction fees) payout threshold for all the minted seats.

[OgNasty]

How are the dividends going to work for the coins? They're rapidly approaching (if not already) dust status for individual seats. I don't really see how you can do a web interface to control payouts with the coins.

We've discussed a few options.  A threshold is the most obvious and easiest solution.  I prefer to think that the dust issue with Bitcoin is going to be addressed by the developers at some point, especially with the recent rise in value.  BTC has all of those decimal places for a reason, to think that dust will be a problem long term is a mistake in my opinion.  Nevertheless, we will address it.

[nonnakip]

It seems that these unique addresses will be a pile of dust tx?

I see that some fans are unhappy with donation distribution method. I work to create payout threshold setting. This setting will be valid for all seats including minted seats.

How is that going to work? Are the minted seats transferrable? How will the new owner log in to adjust the payouts?

There will be a account setting to adjust payout threshold for seats.

The account that minted the seat is seat owner right now. If the physical coin is sold to another person I should be notified so I can set the new owner on the web interface.

If there is dispute about minted seat ownership the voting rights for that seat are suspended and I will fix a appropriate payout threshold for that seat.

[smooth]

If there is dispute about minted seat ownership the voting rights for that seat are suspended and I will fix a appropriate payout threshold for that seat.

You could resolve this by having the coin sent to you with ownership information and a return address.

[Squirrel Dearing]

Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?

https://forums.butterflylabs.com/announcements/4414-monarch-information.html

[nonnakip]

If there is dispute about minted seat ownership the voting rights for that seat are suspended and I will fix a appropriate payout threshold for that seat.

You could resolve this by having the coin sent to you with ownership information and a return address.

I think there are many possibilities to resolve disputes. The policy only concerned about president rights to suspend voting rights. This is a important tool until disputes are resolved.

[Yogafan00000]

Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?

https://forums.butterflylabs.com/announcements/4414-monarch-information.html

I think discussions about BFL is a sore spot for many, many forum members.

[Squirrel Dearing]

Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?

https://forums.butterflylabs.com/announcements/4414-monarch-information.html

I think discussions about BFL is a sore spot for many, many forum members.

Sorry - didn't mean to upset anyone. The fact is that we ordered more products from them and I just wanted to find out if we had been included in the "first customers" notification that BFL Josh "said" went out.  Just as an indication of whether we made it in the bullet run or not..

[OgNasty]

Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?

https://forums.butterflylabs.com/announcements/4414-monarch-information.html

I think discussions about BFL is a sore spot for many, many forum members.

Sorry - didn't mean to upset anyone. The fact is that we ordered more products from them and I just wanted to find out if we had been included in the "first customers" notification that BFL Josh "said" went out.  Just as an indication of whether we made it in the bullet run or not..

No, I received no notification, which is disturbing.  Looking around the forum, I can't seem to find anyone who did receive a notification...

[smooth]

If there is dispute about minted seat ownership the voting rights for that seat are suspended and I will fix a appropriate payout threshold for that seat.

You could resolve this by having the coin sent to you with ownership information and a return address.

I think there are many possibilities to resolve disputes. The policy only concerned about president rights to suspend voting rights. This is a important tool until disputes are resolved.

I actually don't think there are many other possibilities, if the intent is that the seats can be transferred physically by transferring the coin, and the rest would be similar such as having a trusted local representative verify possession of the coin. The only other way would be to pull the seal, which is obviously undesirable.

If the intent is that ownership of the seats not be transferred by physically transferring the coins, that should be explained clearly to coin owners/buyers.

[pyra-proxy]

Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?

https://forums.butterflylabs.com/announcements/4414-monarch-information.html

I think discussions about BFL is a sore spot for many, many forum members.

Sorry - didn't mean to upset anyone. The fact is that we ordered more products from them and I just wanted to find out if we had been included in the "first customers" notification that BFL Josh "said" went out.  Just as an indication of whether we made it in the bullet run or not..

No, I received no notification, which is disturbing.  Looking around the forum, I can't seem to find anyone who did receive a notification...

I have an upgraded product ordered with them and did not get notice.  Also concerned now....