Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 271. (Read 771288 times)

Ken said that he has multiple backups of that list.

Hence why my address is no where on that list.  

just wanted to understand if there are other lists other than logs and public asset list.

now what happens if user signs with different address?

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..

The whole picture and details thing is a bit silly IMO, you should just go with some automated address signing and save yourself a lot of time KEN.

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).

I believe when you registered for the Bitfunder account, you were required to set a public withdrawal address.  Now just pray that you remember which address you used, and that you have the ability to sign from it.  

That's actually irrelevant to any companies true value which is what informs the share price.

The main point is what will annualised dividend payout be in that scenario. Minerpart's calculations show that each share holder will be getting a 10% payout each year. So for example if you hold 100BTC of ACtM you will make 10BTC each year - that is a tremendous return and is extremely rare for any established and secure company's stock in the real world. That is why experienced investors will be happy to pay that price. This is based on VMC and ACtM becoming regarded as a safe investment. That will be the case when we start taking some serious orders and open the farm.

The public asset list is here: https://bitfunder.com/assetlist.json.

If you can sign from the address listed, you will have no problem claiming the shares. If you can't, you can work with Ukyo using your Bitfunder account login to claim the shares. Either way I don't think there will be any problem.

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

i want to understand that bolded sentence,  do you mean you have list of user and associated btc address,

Well Ken just said that if all else fails, you will be able to use your registered BTC address to authenticate

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.

Though since Kenneth has threatened to sue Ukyo, this curtesy may not be extended
*A fiendishly clever ploy!!1!

God I hope Ukyo does not fuck this up.

EDIT:  How hard would it have been to have sent a confirmation email to the registered email address at the time of transfer?  Seriously...

Once Bitfunder is back up you can log in and get the record of the tender. If you did not tender or do not have the record, Ukyo is providing all asset issuers with the appropriate records within a few days (hopefully). It was supposed to happen on Dec. 2nd but apparently was delayed.

and the big mess begins...

Hang on a tick?  What this about having a record of the transfer to AMC-TENDER?  That wasn't in the original set of instructions.

If it goes to .04 I will sell. that would mean that ActM is worth 1/30th of the total outstanding bitcoins.

You can always ask the NSA for your screen cAps, they have backups of everything.
To the moon baby.