After much planning and preparation, I'm proud to announce that Havelock & TAT Investments will be providing a new venue for you to
trade full shares of ASICMINER. This asset works much like ASICMINER-PT on BTCT.co, with
total support for importing & exporting of direct shares
as well as ASICMINER-PT & G.ASICMINERThis passthrough also pays 100% of dividends!Launch Date/Time to be announced soon! Imports are being accepted immediately!As part of this launch the other fractional passthrough, named ASICM, will be renamed to
AM100, to make the names more informative:
AM1 = Full Shares
AM100 = Fractional Shares
NOTE: None of the fractional shares are currently eligible for importing into this new asset (TAT.ASICMINER, nor AM100).Full details here:
https://bitcointalksearch.org/topic/havelock-am1-asicminer-full-share-pt-no-mgmt-fees-importexport-253673Fantastic news!
So what is the advantage of this one compared to bitfunder and btct.co ? And what kind of profit will TAT get ?
The advantage over BitFunder is that the trade fees are lower, and the export restrictions are better at Havelock.
The advantage over BTCT & BitFunder is that I will allow importing of other PT shares (ASICMINER-PT & G.ASICMINER) without having to go through Friedcat first.
Havelock is paying me a small fee to manage the asset in order to have it on their exchange. There are no management fees against dividends.
Worded slightly differently from the ASICMINER-PT perspective:
- No advantage over BTCT on the trade fees.
- No advantage over BTCT for importing/exporting directly with Friedcat.
+ AM1 advantage over ASICMINER-PT for fast imports from other exchanges. (great idea TAT, we may have to borrow this!)
- AM1 disadvantage over ASICMINER-PT for exports. There is currently no way to export your shares to direct shares from AM1 and no way to export your shares to other exchanges. As of this post it's a one way trip. Note that they do say it's coming via a web based form, but unless it supports plugging in a destination of exchange:username (eg bitfunder:burnside) you will not be able to transfer direct from exchange to exchange like you can now between Bitfunder and BTCT. DeaDTerra and I both support direct exchange transfers already, it just takes a day or two for Friedcat to confirm the transactions between our respective ASICMINER accounts.
- AM1 disadvantage over ASICMINER-PT for volume.
- AM1 disadvantage over ASICMINER-PT for counter-party risk. You have to trust three organizations (AM, Havelock, TAT) with your shares instead of just two. (AM, BTCT)
- AM1 disadvantage over ASICMINER-PT for counter-party risk. BTCT sends full shareholder lists directly to Friedcat via email several times a day. If BTCT closes suddenly, Friedcat already has records of what everyone owns to within the last few hours.
I'll also re-iterate that BTCT has no management fee. 100% of divs are passed through.
Cheers.
Please correct your post, it is incorrect.
AM1 has the same export abilities as ASICMINER-PT, the form that is being added is an ADDITIONAL convenience to have better security and proof of identity to avoid export fraud. Your portrayal of interexchange transfers as anything different than using FC as a medium is misleading as well.
Yes, AM-PT has more volume, for now
AM1 also provides 100% of dividends without management fees.
Havelock also backs up all shareholder counts and emails, and I also do so independently.
Your portrayal of counterparty risk could also be painted as a negative for BTCT because the exchange operator running his own assets is a conflict of interest. I won't go into detail why this is undesirable, because I don't want people to think I am making accusations in that regard.