[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 230.

Jasun7211

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Activity: 517

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Quote from: ?? on ??

Once again, Volanic, I agree with you.

Quote from: VolanicEruptor on December 14, 2013, 05:23:07 PM

Quote from: Jasun7211 on December 14, 2013, 05:14:14 PM

Reading comprehension 099 please. I was talking about converting share prices, not sales. Now go re read the whole idea again so you understand the context re re. We get your point on the machine sales inrelation to the btc/usd jump. Youve mentioned that one, two, tree times before. I agree with you on that....the actual share conversion price is what I was talking about in relation to Usd supply growth and btc supply growth. .....just re read

USD sales profit have a lot to do with BTC share price. Its called earnings per share. Look it up.

You guys drink too much flouride. Just read the context and carefully read the petrobras example. Again I wasn't talking about sales and any mechanism of how the share price is formed sales, speculation, or btc holdings. The response I gave was in light of valueing the shares after the fact.....but sometimes I forget how lazy you guys are. Its like fighting with a woman. They fight for distance, instead of accuracy....so you guys win.

arousedrhino

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Quote from: VolanicEruptor on December 14, 2013, 04:55:48 PM

Quote from: arousedrhino on December 14, 2013, 04:48:41 PM

Quote from: VolanicEruptor on December 14, 2013, 03:56:41 PM

Quote from: Jasun7211 on December 14, 2013, 03:50:27 PM

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

He keeps it in USD. We also have miners which make BTC. Any USD taken in a sale should be kept in USD and used for operating expenses that are paid in USD which are probably most of our expenses. If he wants to pay shareholders he just sends out the BTC equivalent on that day to the dividend address. Theres no need to make conversions if our sales are good.

profit from usd sales are supposed to be converted to BTC and then paid to shareholders as dividends. Profit is after expenses have been paid.

Ooh ya, good point, but does that also mean that he has to convert all that profit right away. I think it makes sense to build up a fiat reserve from the profit before distributing profits to shareholders that way if BTC is down and we need some cash we don't have to convert it. We can withdraw from the fiat reserve.

MilkyWayMasta

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Activity: 221

Merit: 100

Quote from: VolanicEruptor on December 14, 2013, 03:56:41 PM

Quote from: Jasun7211 on December 14, 2013, 03:50:27 PM

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

Hasn't Ken increased the prices of the miners recently according the the price jumps in BTC? For example, you can't expect a miner that costs $500 that nets you 1 BTC ($1000) to stay at $500 if BTC goes up to $2000.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: Jasun7211 on December 14, 2013, 05:14:14 PM

Reading comprehension 099 please. I was talking about converting share prices, not sales. Now go re read the whole idea again so you understand the context re re. We get your point on the machine sales inrelation to the btc/usd jump. Youve mentioned that one, two, tree times before. I agree with you on that....the actual share conversion price is what I was talking about in relation to Usd supply growth and btc supply growth. .....just re read

USD sales profit have a lot to do with BTC share price. Its called earnings per share. Look it up.

Jasun7211

sr. member

Activity: 517

Merit: 250

Reading comprehension 099 please. I was talking about converting share prices, not sales. Now go re read the whole idea again so you understand the context re re. We get your point on the machine sales inrelation to the btc/usd jump. Youve mentioned that one, two, tree times before. I agree with you on that....the actual share conversion price is what I was talking about in relation to Usd supply growth and btc supply growth. .....just re read

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: arousedrhino on December 14, 2013, 04:48:41 PM

Quote from: VolanicEruptor on December 14, 2013, 03:56:41 PM

Quote from: Jasun7211 on December 14, 2013, 03:50:27 PM

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

He keeps it in USD. We also have miners which make BTC. Any USD taken in a sale should be kept in USD and used for operating expenses that are paid in USD which are probably most of our expenses. If he wants to pay shareholders he just sends out the BTC equivalent on that day to the dividend address. Theres no need to make conversions if our sales are good.

profit from usd sales are supposed to be converted to BTC and then paid to shareholders as dividends. Profit is after expenses have been paid.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: VolanicEruptor on December 14, 2013, 04:45:48 PM

Quote from: JoTheKhan on December 14, 2013, 04:07:19 PM

Quote from: VolanicEruptor on December 14, 2013, 03:56:41 PM

Quote from: Jasun7211 on December 14, 2013, 03:50:27 PM

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

Hmm.. What is.. Shit, Can I buy a vowel?

lol anyways, so I guess we can't expect shares this weekend?

i hope you were being sarcastic.. jasun still doesnt quite get the concept

I definitely was lol.

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: VolanicEruptor on December 14, 2013, 03:56:41 PM

Quote from: Jasun7211 on December 14, 2013, 03:50:27 PM

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

He keeps it in USD. We also have miners which make BTC. Any USD taken in a sale should be kept in USD and used for operating expenses that are paid in USD which are probably most of our expenses. If he wants to pay shareholders he just sends out the BTC equivalent on that day to the dividend address. Theres no need to make conversions if our sales are good.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: JoTheKhan on December 14, 2013, 04:07:19 PM

Quote from: VolanicEruptor on December 14, 2013, 03:56:41 PM

Quote from: Jasun7211 on December 14, 2013, 03:50:27 PM

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

Hmm.. What is.. Shit, Can I buy a vowel?

lol anyways, so I guess we can't expect shares this weekend?

i hope you were being sarcastic.. jasun still doesnt quite get the concept

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: JoTheKhan on December 14, 2013, 04:07:19 PM

Quote from: VolanicEruptor on December 14, 2013, 03:56:41 PM

Quote from: Jasun7211 on December 14, 2013, 03:50:27 PM

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

Hmm.. What is.. Shit, Can I buy a vowel?

lol anyways, so I guess we can't expect shares this weekend?

Give it another week

deizel

member

Activity: 114

Merit: 10

Quote from: JoTheKhan on December 14, 2013, 04:07:19 PM

lol anyways, so I guess we can't expect shares this weekend?

A hopeful timeline might be:

- Monday 16th: Process to verify shares (sign message, etc) is announced.
- Friday 20th: Deadline for people to get their shares verified.
- Monday 23rd: Batch import to Crypto-Trade complete and trading commences.

Quote from: ActiveMining-PR on December 11, 2013, 07:41:32 PM

Still working on the verification program, which should be finished this week. After the verification program is finished we will have a time where shareholders will be able to verify their shares. After that we will move this batch over to Crypto-Trade and start trading. After another amount of time (a day or two?), trading will start and at that point we will have our shares.

Ken also stated that those missing the first deadline (laggers) will be included in a second batch import.

JoTheKhan

sr. member

Activity: 378

Merit: 250

Quote from: VolanicEruptor on December 14, 2013, 03:56:41 PM

Quote from: Jasun7211 on December 14, 2013, 03:50:27 PM

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

Hmm.. What is.. Shit, Can I buy a vowel?

lol anyways, so I guess we can't expect shares this weekend?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: Jasun7211 on December 14, 2013, 03:50:27 PM

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

when ken receives a US dollar for selling hardware, what do you think he does with it next if he wants to pay the shareholders?

Jasun7211

sr. member

Activity: 517

Merit: 250

Not with the stock price in btc. Conversions are another game. Do you convert your shares of Petrobras priced in usd to Brazilian Real constantly, although most of their sales are in Reis?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: Jasun7211 on December 14, 2013, 03:16:53 PM

It never really recovered after Btc-tc. Bitfunder was right after that...I consider it one event. Once things normalize it will probably go back to .004 ish. Don't forget the bitcoin supply has increased too. So that will inflate the price in btc as well. Puuleeese stop pricing this stock in fiat. It has no bearing on its btc price

fiat has a lot to do with a company that sells hardware in US dollars

Jasun7211

sr. member

Activity: 517

Merit: 250

It never really recovered after Btc-tc. Bitfunder was right after that...I consider it one event. Once things normalize it will probably go back to .004 ish. Don't forget the bitcoin supply has increased too. So that will inflate the price in btc as well. Puuleeese stop pricing this stock in fiat. It has no bearing on its btc price

VolanicEruptor

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Activity: 392

Merit: 250

Quote from: damiano on December 14, 2013, 03:00:02 PM

Quote from: VolanicEruptor on December 14, 2013, 01:30:34 PM

Quote from: damiano on December 14, 2013, 01:17:53 PM

Who thinks that bid wall @.0011 is real?

.0006 looks more legit. I think we were around that before bitfunder went down.

the fact bitfunder was going down was a factor in the price collapse
being on a new exchange should revive it to an extent

True, but gong back before Ukyo's announcement I think we were around .0014 then.
Also at that time bitcoin was around $125.00 and not $850.00

we were well aware of the danger bitfunder was in before the announcement you are referring to. .006 was typical when the exchange appeared to be in good health. Bitcoin price is bad for sales that have already been placed, but very good news for mining. The price tag on easics technology now would be several million.

damiano

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Activity: 1246

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103 days, 21 hours and 10 minutes.

Quote from: VolanicEruptor on December 14, 2013, 01:30:34 PM

Quote from: damiano on December 14, 2013, 01:17:53 PM

Who thinks that bid wall @.0011 is real?

.0006 looks more legit. I think we were around that before bitfunder went down.

the fact bitfunder was going down was a factor in the price collapse
being on a new exchange should revive it to an extent

True, but gong back before Ukyo's announcement I think we were around .0014 then.
Also at that time bitcoin was around $125.00 and not $850.00

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: damiano on December 14, 2013, 01:17:53 PM

Who thinks that bid wall @.0011 is real?

.0006 looks more legit. I think we were around that before bitfunder went down.

the fact bitfunder was going down was a factor in the price collapse
being on a new exchange should revive it to an extent

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Who thinks that bid wall @.0011 is real?

.0006 looks more legit. I think we were around that before bitfunder went down.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 230. (Read 771288 times)