I asked Ken in a PM where all that extra BTC came from -- extra BTC that far exceeded his mining revenue.
His response: It's all part of the merger process!
I can only
imagine how pointless a real conversation would be with him:
So Ken, if it didn't come from mining, where did it come from? Did somebody give it to you?
"it's all part of the merger process!"But.. but.. you aren't answering my question
"It's all part of the merger process!"Ken, are you telling me that when two entities emerge, money is created out of thin air?
"Yes!"So what I'm about to do will make us rich then
"Wait, no! That's not what I.......'*WHACK*
This is pretty worrying...how easy would it be to pad divs with proceeds from stock sale in order to entice more people to buy stock..ponzi time
I think we deserve an explanation of where the divs came from...
Backpay from the reinvestment fund from before the merge most likely.
Yep. I think that people are forgetting that dividends were getting paid to 40M shares on Bitfunder, even though only ~6M were issued. My guess is over the last several weeks, those ~34M racked up a few BTC, which Ken generously released to us this week. I could be completely wrong, but this would be my best guess.
This is deja vu, were you around last week?
Ken made the mistake last week of distributing the AMC dividends to ISSUED shares on BTCT, rather than TOTAL shares. I call it a MISTAKE because that is exactly what he called it. He then told us the way Bitfunder was doing was the correct way (dividend / 40M), and he needed to adjust BTCT settings so that this doesn't happen again.
So this wouldn't make sense -- why would he backpedal and then backpay us, doing the complete opposite of what he was set out to do a week ago?
I could see him finally realizing that he overpaid us, just as he did when BTCT shareholders got overpaid last week. Sometimes it takes awhile for things to click in with Ken.
