3. Allowed users to convert real shares to PT shares for simplicity in trading (and you can turn PT into real shares... minimum 250?).
Minimum 250 shares with deadterras PT. But he wrote me that number is not set in stone, a bit lower possible if deadterra is ok with it. Burnsides PT has minimum 1.
Because people often ask such questions i made a small overview about the pros/cons of having real shares or PT-Shares and the pros/cons of the both PTs.
Please correct any wrong or missing infos. I would like to post this post in a new thread to cover all the questions "where to buy", differences PT and so on...
Asicminer-Shares to Asicminer-Passthrough-Shares Comparison:Asicminer-Shares:Pro:* Direct Contract with friedcat
* No Fees (Only donations for escrow while trading shares, if one was used. But thats not needed if youre greedy.)
* No delayed dividends compared to passthrough shares
Con:* Harder to trade / Slower access to bitcoins/shares. Find an auction, start a thread or check the orderbook thread that is dead now. But maybe you find a relatively new offer in the orderbook thread and you can contact the user via pm about this.
* Possibility that you have to buy starting from a certain amount of shares, for example starting from 10 or 50. Means you need more money to invest often.
* Escrow needed for security in trading (there are free escrows, but a donation would be nice)
Asicminer-Passthrough-Shares:Pro:* Easily tradeable on the exchanges / Faster access to bitcoins/shares
Con:* Fees
* Delayed dividends compared to non-passthrough shares
* No direct contract with friedcat but with burnside/deadterra, adding another small layer of insecurity
* Bound to an exchange, adding another small layer of insecurity
Asicminer-Passthroughs Comparison:Burnsides AM-PT on btct.coPro:* AM-PT: Usually Higher Shareprice for sellers
* AM-PT: Change PT-Shares into real shares starting from 1 share
* btct.co: "Deposits: Free | Withdrawals: 0 BTC FLAT FEE | Transfers (BTC): Free | Transfers (Assets): Free | Issue Dividends: Free"
* AM-PT: Usually dividends less delayed than AM-PT on bitfunder.com
Con:* AM-PT: Usually Higher Shareprice for buyers
* AM-PT: 0.5 BTC fee for exchanging AM-PT to AM-Shares or the other way around. Per transaction, not per Share!
* AM-PT: "A management fee of X% will be levied on each dividend payment where X is determined by the number of shares currently managed by the pass through. For under 1000 shares, the management fee shall be 3%. For over 1000 shares, the management fee shall be 2%. For over 3000 shares, the management fee shall be 1.5%. For over 5000 shares the management fee shall be 1%. For over 10000 shares the management fee shall be 0.5%."
* btct.co: Trading-Fees: "Trades using 2FA (Buyer): 0.2% (Trade Value X 0.002)
Trades using 2FA (Seller): 0.2% (Trade Value X 0.002)
Trades not using 2FA (Buyer): 0.25% (Trade Value X 0.0025)
Trades not using 2FA (Seller): 0.25% (Trade Value X 0.0025)"
DeadTerras AM-PT on bitfunder.comPro:* AM-PT: Usually Lower Shareprice for buyers
* AM-PT: Each G.ASICMINER-PT share has the right to 100% of the dividends of 1 ASICMINER share. (No management fee)
* AM-PT: Transferring AM-PT-Shares to AM-Shares or the other way around have no fee
* bitfunder.com: Buying shares has no fee.
* bitfunder.com: No other fess than selling fees.
Con:* AM-PT: Usually Lower Shareprice for sellers
* AM-PT: Change PT-Shares into real shares starting from 250 shares (not set in stone, a bit lower possible if deadterra is ok with it)
* bitfunder.com: Selling fees range between between 1% and 0.5%(or lower with discounts) based on your account tier.
* AM-PT: Usually dividends more delayed than AM-PT on btct.co
