Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 270. (Read 771288 times)

I am asking for the sake of others.  None of that was included in the official announcements section of this thread, which is where most people who are not wanting to pour over hundreds of pages of bullshit have been going.  If a screenshot of the transfer, date/time, or signable address were prerequisites, they should have been included in the official procedures.  

He was being sarcastic.

I don't think so.

If you have been reading the thread, you would know this!

Well, if you have been reading the thread, we have said a number of times that you need to be able to sign the message, again this is just the backup system.

Ken what about the time-stamp we need to enter. I think we were all given a time-stamp in our local times?

Ken, when you say you'll need the date and time of share transfer, do I have to convert it to your time zone? 

What happens if we do not remember what day we initiated the transfer?  I understand that there will be little need to worry assuming Bitfunder is brought back online, but the only person who knows when or if that will happen is Ukyo.  

Edit: Never mind, already answered.  One last question, what happens if the withdrawal address was one that could not be signed from (say a paper wallet)?

bingo ken, thats what i wanted to hear

The transfer of shares from AMC-TENDER to Crypto-Trade will be an automated site to verify your shares, you will need your email address you want to register as a account on Crypto-Trade (fine if you already have an account using that email, shares will just be added to that account), number of shares transferred to AMC-TENDER, and your AMC-TENDER transfer date and time of transfer (from your Bitfunder transfer logs, or from the screenshot you made of the transfer).  We will have an announcement with the complete details as soon as the automated site is ready.

Are you saying here that we need to view this from a perspective of investors who are wishing to cash-out in dollars?

We have a number of "Asset List" saved,  to verify your shares with the Bitcoin address you will need to send a signed message which includes the date of your transfer, your Bitfunder username, the number of shares transferred, and the email address you want Crypto-Trade to create an account with.  Of course the Bitcoin address you send the signed message from has to be in anyone of our saved "Asset List".

We have a number of "Asset List" saved,  to verify your shares with the Bitcoin address you will need to send a signed message which includes the date of your transfer, your Bitfunder username, the number of shares transferred, and the email address you want Crypto-Trade to create an account with.  Of course the Bitcoin address you send the signed message from has to be in anyone of our saved "Asset List".

Would AMC-TENDER not have a detailed record of all the shares received?

This would include dates, times and usernames and therefore email address and bitcoin public addresses.

There's a public asset list for a reason -- it's PUBLIC.
When he holds the list, it is no longer public.  
There is something very wrong with that.

Again, I was trying to explain this to you guys before and you said I was trolling

Re-post re: share price-

I'm sure some of you have heard of a thing called P/E ratio (price-earnings ratio)?

It's a very simple formula universally used for valuing a listed company and it's shares which most often involves you dividing the share price by the annualised earnings per share.

here is a basic introduction:

http://www.allstarstocks.com/gpage2.html


So instead of guessing how much you think share price will go to using your divining rod or a set of Rune stones just use the p/e ratio.

All you need to know is the total amount of BTC that will be paid out in divs to public investors in year 1 and then you divide that by the number of shares to get your annual earnings per share figure. You then choose a share price - lets say the IPO of 0.0025 and divide that by your annual earnings per share figure to get the p/e ratio.

An acceptable p/e ratio to investors in the real world would range from anything from 10:1 to 100:1 - it's going to be based around the company prospects for growth and continued business.

OK so who want's to start? Me? OK-

I think 4justice's table gave a yearly total for public investors (taking into account the drop when Kens shares get divs) of around 40k BTC.

40,000/10,000,000=0.004
0.0025/.004=0.625

So now we need to decide what P/E ratio investors will be happy with. 0.625:1 would put the share price at 0.0025 - obviously. Now if the company has solid prospects and good accounts there is a world of investors out there who would bite your right arm off to get in at a P/E ratio of 0.625:1. It's incredibly good value - so long as the company is solid.

I would say with BTC rising so commendably that a P/E ration of 10:1 would be conservative - so that would mean a share price of 0.04 > 0.04/0.004=10

Anyone please correct my arithmetic/logic and make comments.

PPS - 4justice's table is I think conservative.

40k BTC / year in dividend = 80k BTC in profit, since 50% is re-invested.
80k BTC in profit = 6% of network hashing power, or less if you can get profit from sales, but somewhere 4-5% is needed I'd guess.
On average over a whole year.

That's pretty optimistic don't you think?

I'm happy if ActM can reach 1% of total hashing power (~1/5 of what you assume).

There's a huge problem with that list.. all of the shares are tendered to the address of AMC-TENDER, so therefore do not show up.  This is what I was trying to warn everybody about

I meant most of the shares.  Look at the address that holds 8.5 million shares.  That's where most of us are..

Ken said that he has multiple backups of that list.