NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012)

[OgNasty]

Just out of curiosity how are the sales of the coins going?

96 out of 500 coins have been minted by NastyFans in United States, Germany, Canada, United Kingdom, Norway, & France.

[1713444647]

1713444647

[1713444647]

1713444647

[1713444647]

1713444647

[smooth]

I love my (physical seat) coins. They are so beautifully done. I kept some myself and gave some away as Christmas presents, which went over huge.

[nonnakip]

Distribution 285861 is complete. We thank our donators.

[nonnakip]

Distribution 287090 is complete. We appreciate the donations.

[lunarboy]

You might want to change the home page 

it still links theoretical value to Gox 

[OgNasty]

You might want to change the home page 

it still links theoretical value to Gox 

I discussed this issue with nonnakip several days ago.  The main concern was getting the pricing for our coins using a correct exchange rate, which has happened.  I'm not sure exactly how nastyfans.org is coded, but I'd imagine that changing the exchange rate for the site is more involved then just pointing it at a new API.  I'd also imagine that decisions need to be made, like how to handle past recorded USD data for the charts, what rate we want to trust going forward, and probably more that I am unaware of.  Rest assured that nonnakip is aware of the issue and I'm sure it is on the TODO list.

[nonnakip]

I'm not sure exactly how nastyfans.org is coded, but I'd imagine that changing the exchange rate for the site is more involved then just pointing it at a new API.  I'd also imagine that decisions need to be made, like how to handle past recorded USD data for the charts, what rate we want to trust going forward, and probably more that I am unaware of.  Rest assured that nonnakip is aware of the issue and I'm sure it is on the TODO list.

I do not rush to change away from Mt.Gox. I wait to see how Mt.Gox situation ends. If Mt.Gox survives then the Mt.Gox rates are valid because real transactions happen. Actually more transactions happen on Mt.Gox then all other big exchanges combined.

nastyfans auction and distribution operates in Bitcoin so it really does not matter what exchange rate we use.

If I decide to use a different exchange source (I consider coindesk) then all USD auction history charts will update to new source.

[lunarboy]

The Gox remark was only meant as lighthearted conversation starter, but I see you guys are ontop of the situation as usual. 
 

[maqifrnswa]

Actually more transactions happen on Mt.Gox then all other big exchanges combined.

I don't think this is true. Combined, BTC-E and BitStamp exchanged $746M in 30 days, MtGox exchanged $350M. BTC-E&BitStamp exchanged 1.1MBTC, MtGox exchanged 0.85MBTC.

[nonnakip]

2 polls opened

[policy change] extend non-member grace period

[policy change] eliminate required purchase order fees

[CumpsD]

I'm curious to know about the state of our incoming hardware I guess it's very near?

[OgNasty]

I'm curious to know about the state of our incoming hardware I guess it's very near?

I haven't heard anything from CoinTerra, although I can see that they've been shipping units.  I think we are entitled to some kind of additional compensation if we don't receive something from them very soon...

The last word I heard from BFL is that they are testing waterblocks for the Monarch.  Considering they are just now testing waterblocks, I would guess it will be at least a month or more before they start shipping.

Black Arrow has been sending me updates on their progress, but it looks like they're still targeting a May ship date.

Alpha Technologies frequently sends updates as well, but they also look to be shooting for a May ship date.

So basically, we are still in a holding pattern.  I have been working with a designer on a new physical product, but that is several months away from making an appearance as well.

[smooth]

If Mt.Gox survives then the Mt.Gox rates are valid because real transactions happen.

Eventually MtGox transactions may be valid but they haven't been valid for months because it has been effectively impossible to withdraw fiat from the exchange. So it is a trade not between USD and BTC but between "some odd unredeemable MtGox credit that might someday be worth USD" (some call this GoxUSD) and BTC.

My suggestion would be to just remove the exchange rate. If people want a dollar value they can compute it themselves using whatever exchange rate they want.

[nonnakip]

If people want a dollar value they can compute it themselves using whatever exchange rate they want.

That sounds like good new nastyfans feature. In settings I can make a option and members can choose which exchange rate they want as basis for theoretical value and auction charts.

[Newar]

[...] (I consider coindesk) [...]

How about bitcoinverage.com?

[OgNasty]

Some updates from Butterfly Labs today:

I'm working on getting additional benefits for those that paid $4k for the cards. I don't want to reveal any specifics yet, but we will hopefully be able to take care of the customers appropriately.

That's us.   

The engines return correct, valid nonces. That completes the functionality tests as far as design goes... there's still a new more tests to go, such as power usage, etc...

[nonnakip]

Distribution 288350 is complete. nastyfans appreciate the donations!

[OgNasty]

CoinTerra has marked our order as shipped.  No tracking number yet, but I'm figuring to have the unit up and running Wednesday or Thursday.

That leads us to needing to start cycling out our BFL Singles in preparation for our TerraMiner and Monarchs.  If anyone is interested in purchasing one of our BFL Singles, please feel free to contact me.  I would be open to hearing offers for our BFL Singles to eliminate debt from our loans, or trades for NastyFans seats, as well as BTC/LTC.

Also of note, one of our lenders agreed to take 8 BTC to settle their 10 BTC debt immediately, which was done yesterday.

[Equilux]

CoinTerra has marked our order as shipped.  No tracking number yet, but I'm figuring to have the unit up and running Wednesday or Thursday.

That leads us to needing to start cycling out our BFL Singles in preparation for our TerraMiner and Monarchs.  If anyone is interested in purchasing one of our BFL Singles, please feel free to contact me.  I would be open to hearing offers for our BFL Singles to eliminate debt from our loans, or trades for NastyFans seats, as well as BTC/LTC.

Also of note, one of our lenders agreed to take 8 BTC to settle their 10 BTC debt immediately, which was done yesterday.

Exciting updates, thanks!

[smooth]

Fantastic news