Topic: [BitFunder] BTCINVEST - Low risk investment fund | Market cap: 2000+ BTC - page 19. (Read 45626 times)
March 25, 2013, 11:46:27 AM
What's about the asset loan to Bakewell? Which assets did you lend him and how do you make sure that he will return them?
March 21, 2013, 06:10:16 PM
Quick thought. You have a lot in G.SDICE. (half the fund?) Might hedge against pt/exchange issues by moving half of that into CoinBr?
Cheers.
It's hardly half the fund.. I'm holding SDICE shares for a reason and don't plan to liquidate it anytime soon, when we do it will have to be slowly because of the low walls on BF / the PT. Cheers.
You are right, I looked at zx9r's abbreviated quote and saw 55.67 out of 95.81. My bad. It was just a thought.
March 21, 2013, 04:55:34 PM
Quick thought. You have a lot in G.SDICE. (half the fund?) Might hedge against pt/exchange issues by moving half of that into CoinBr?
Cheers.
It's hardly half the fund.. I'm holding SDICE shares for a reason and don't plan to liquidate it anytime soon, when we do it will have to be slowly because of the low walls on BF / the PT. Cheers.
March 21, 2013, 04:22:34 PM
Quick thought. You have a lot in G.SDICE. (half the fund?) Might hedge against pt/exchange issues by moving half of that into CoinBr?
Cheers.
Cheers.
March 21, 2013, 04:15:55 PM
BitFunder
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc
Bitfunder total value: 95.81 BTC
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc
Bitfunder total value: 95.81 BTC
Some typo here:
55.67 + 0.55 + 24.79 + 12.1 = 93.11 != 95.81
Not neccesary... just pointing
March 21, 2013, 03:59:45 PM
BitFunder
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc
Bitfunder total value: 95.81 BTC
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc
Bitfunder total value: 95.81 BTC
Some typo here:
55.67 + 0.55 + 24.79 + 12.1 = 93.11 != 95.81
March 21, 2013, 01:20:40 PM
BitFunder
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc
Bitfunder total value: 95.81 BTC
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc
Bitfunder total value: 95.81 BTC
Some typo here:
55.67 + 0.55 + 24.79 + 12.1 = 93.11 != 95.81
March 21, 2013, 12:56:08 AM
Report:
Revenue
ASICMINER dividends: 4.13 BTC
G.ASICMINER-PT dividends: 0.7539 BTC
ATC777 loan: 0.215 BTC
scrybe line of credit interest: 0.1969 BTC
TOTAL: 5.2958 BTC
Paid as dividends: 4.7662 BTC
Dividends per share: 0.00131 / share
As always, the dividends will go out when the coins get 6 confirms on weexchange.
Assets
Not traded on an exchange:
83 ASICMINER (directly) - 70.55 BTC
BitFunder
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc
Bitfunder total value: 95.81 BTC
btct.co
3 ESECURITYSABTC: 1.2 BTC
Coins: 2.185 btc
btct.co total value: 3.385 BTC
Asset loan to Ian Bakewell: 128.27 BTC
ATC777 loan (remaining): 28.73 BTC
scrybe line of credit: 35 BTC
Total loans / lines of credit: 192 BTC (nice round number)
Other bitcoin reserve: 1.6329 BTC
Total: 363.3779 BTC
Shares outstanding: 3631
NAV/share: 0.1 BTC / share
Revenue
ASICMINER dividends: 4.13 BTC
G.ASICMINER-PT dividends: 0.7539 BTC
ATC777 loan: 0.215 BTC
scrybe line of credit interest: 0.1969 BTC
TOTAL: 5.2958 BTC
Paid as dividends: 4.7662 BTC
Dividends per share: 0.00131 / share
As always, the dividends will go out when the coins get 6 confirms on weexchange.
Assets
Not traded on an exchange:
83 ASICMINER (directly) - 70.55 BTC
BitFunder
11,134 G.SDICE shares: (mpex avg of bid/ask used) 55.67 BTC
400 G.BBET shares: 0.55 BTC
29 G.ASICMINER-PT shares: 24.79 BTC
Coins: 12.10 btc
Bitfunder total value: 95.81 BTC
btct.co
3 ESECURITYSABTC: 1.2 BTC
Coins: 2.185 btc
btct.co total value: 3.385 BTC
Asset loan to Ian Bakewell: 128.27 BTC
ATC777 loan (remaining): 28.73 BTC
scrybe line of credit: 35 BTC
Total loans / lines of credit: 192 BTC (nice round number
)Other bitcoin reserve: 1.6329 BTC
Total: 363.3779 BTC
Shares outstanding: 3631
NAV/share: 0.1 BTC / share
March 15, 2013, 02:46:33 AM
Protip: 0.0099 and 0.099 are very different numbers 
March 09, 2013, 08:58:30 AM
Thanks!
Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.
Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.
When you issue divs in BF, is it a lump sum in the interface? Or is it per-share?
Also surprising it'd issue divs on unsold shares? That sounds like a bug, might contact Ukto, it's probably easy to fix.
Cheers.
Dividends are paid to all issued shares.
Some issuers hold shares and prefer to have full logging/tracking of everything.
As of right now divs are issues on a per share price.
I have a lump sum option, as well as other options including only paying out for non-held issued shares in beta at the moment.
Cool, thanks for the clarification.
March 08, 2013, 09:24:55 PM
Thanks!
Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.
Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.
When you issue divs in BF, is it a lump sum in the interface? Or is it per-share?
Also surprising it'd issue divs on unsold shares? That sounds like a bug, might contact Ukto, it's probably easy to fix.
Cheers.
Dividends are paid to all issued shares.
Some issuers hold shares and prefer to have full logging/tracking of everything.
As of right now divs are issues on a per share price.
I have a lump sum option, as well as other options including only paying out for non-held issued shares in beta at the moment.
March 08, 2013, 09:22:52 PM
It doesn't really matter, just means I need to de-issue all the unsold shares and then re-issue it.
March 08, 2013, 05:49:23 PM
Thanks!
Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.
Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.
When you issue divs in BF, is it a lump sum in the interface? Or is it per-share?
Also surprising it'd issue divs on unsold shares? That sounds like a bug, might contact Ukto, it's probably easy to fix.
Cheers.
March 08, 2013, 12:49:11 PM
Dividends paid!
(Also, it's a bad idea to pay a lot more than 0.1 / share)
(Also, it's a bad idea to pay a lot more than 0.1 / share
)Congrats on the dividend!
How did someone manage to buy 2 shares for 0.12?
Did you take down the 0.1 ask wall for a second?
LOL It was a great success for the seller
March 08, 2013, 02:19:48 AM
Dividends paid!
(Also, it's a bad idea to pay a lot more than 0.1 / share)
(Also, it's a bad idea to pay a lot more than 0.1 / share
)Congrats on the dividend!
How did someone manage to buy 2 shares for 0.12?
Did you take down the 0.1 ask wall for a second?
Thanks!
Yes I take down the askwall when I'm in the process of issuing dividends, to prevent more outstanding shares. I also de-issue all the unsold shares while issuing dividends, otherwise I'd have to pay out 3x as much and have the remainder still credited to my account.
March 08, 2013, 12:27:46 AM
yeah, wtf was that? I was looking at my holdings in Bitfunder, and all of a sudden, my BTCINVEST was worth 6 BTC. I was like, 
weird... It hink they only bought 2 shares, though.
weird... It hink they only bought 2 shares, though.
March 07, 2013, 10:52:22 PM
Dividends paid!
(Also, it's a bad idea to pay a lot more than 0.1 / share)
(Also, it's a bad idea to pay a lot more than 0.1 / share
)Congrats on the dividend!
How did someone manage to buy 2 shares for 0.12?
Did you take down the 0.1 ask wall for a second?
March 07, 2013, 07:58:20 PM
Dividends paid!
(Also, it's a bad idea to pay a lot more than 0.1 / share)
(Also, it's a bad idea to pay a lot more than 0.1 / share
) March 07, 2013, 05:46:38 PM
Report:
I'm sure you're aware that the btcusd market has being really volatile in the past few days (that short crash was scary). Plus, as some large investors were dumping massive amounts of S.DICE shares, it fell significantly. We held quite a lot of S.DICE, but I'm confident that S.DICE shares will go up in the future.
We increased our ASICMINER holdings (for reasons I won't disclose here), and we'll soon get interest & weekly repayments from the asset loan to Ian Bakewell. The future outlook is pretty good, listing this on BitFunder was a great decision, and our is NAV unchanged even with the S.DICE value drop
Revenue
ASICMINER dividends: 1.624 BTC
G.ASICMINER-PT dividends: 0.479 BTC
G.SDICE dividends: 0.781 BTC
btcQuick inventory loan interest: 0.337 BTC
ATC777 loan: 0.215 BTC
scrybe line of credit interest: 0.1969 BTC
TOTAL: 3.6329 BTC
Paid as dividends: 3.2696 BTC
Dividends per share: 0.00104 / share
As always, the dividends will go out when the coins get 6 confirms on weexchange.
Assets
Not traded on an exchange:
83 ASICMINER (directly) - 55.5 BTC
BitFunder
4,021 G.SDICE shares: 18.898 BTC
400 G.BBET shares: 0.6 BTC
25 G.ASICMINER-PT shares: 16.5 BTC
Coins: 1.21 btc
Bitfunder total value: 37.208 BTC
btct.co
10 ESECURITYSABTC: 6.349 BTC
Coins: 0.00 btc
btct.co total value: 6.349 BTC
Asset loan to Ian Bakewell: 128.27 BTC
ATC777 loan (remaining): 32.08 BTC
scrybe line of credit: 35 BTC
OrangeVanPurple loan: 19.45 BTC
Total loans / lines of credit: 215.23 BTC
Other bitcoin reserve: 1.6329 BTC
Total: 314.287 BTC
Shares outstanding: 3117
NAV/share: 0.1008 BTC / share
I'm sure you're aware that the btcusd market has being really volatile in the past few days (that short crash was scary). Plus, as some large investors were dumping massive amounts of S.DICE shares, it fell significantly. We held quite a lot of S.DICE, but I'm confident that S.DICE shares will go up in the future.
We increased our ASICMINER holdings (for reasons I won't disclose here), and we'll soon get interest & weekly repayments from the asset loan to Ian Bakewell. The future outlook is pretty good, listing this on BitFunder was a great decision, and our is NAV unchanged even with the S.DICE value drop
Revenue
ASICMINER dividends: 1.624 BTC
G.ASICMINER-PT dividends: 0.479 BTC
G.SDICE dividends: 0.781 BTC
btcQuick inventory loan interest: 0.337 BTC
ATC777 loan: 0.215 BTC
scrybe line of credit interest: 0.1969 BTC
TOTAL: 3.6329 BTC
Paid as dividends: 3.2696 BTC
Dividends per share: 0.00104 / share
As always, the dividends will go out when the coins get 6 confirms on weexchange.
Assets
Not traded on an exchange:
83 ASICMINER (directly) - 55.5 BTC
BitFunder
4,021 G.SDICE shares: 18.898 BTC
400 G.BBET shares: 0.6 BTC
25 G.ASICMINER-PT shares: 16.5 BTC
Coins: 1.21 btc
Bitfunder total value: 37.208 BTC
btct.co
10 ESECURITYSABTC: 6.349 BTC
Coins: 0.00 btc
btct.co total value: 6.349 BTC
Asset loan to Ian Bakewell: 128.27 BTC
ATC777 loan (remaining): 32.08 BTC
scrybe line of credit: 35 BTC
OrangeVanPurple loan: 19.45 BTC
Total loans / lines of credit: 215.23 BTC
Other bitcoin reserve: 1.6329 BTC
Total: 314.287 BTC
Shares outstanding: 3117
NAV/share: 0.1008 BTC / share
February 27, 2013, 02:26:43 AM
What's the total amount of assets loaned to Bakewell? What is it for - shorting?
The loan is:5906 BTC-BOND
59 bASIC-MINING
7,737 G.SDICE
Quote
Were they loaned to him personally or to his mining company (makes no odds as far as default risk is concerned - if he's going to scam he'll obviously scam the company too)?
The loan was personal and should not be related to his mining company.Quote
You are aware of Bakewell's rather large loan request on BTC Jam right; is this related?
Also are you are keeping the ASICMiner shares for the dividends or would you potentially lend/liquidate them?
Also are you are keeping the ASICMiner shares for the dividends or would you potentially lend/liquidate them?
Yes, this is the same loan! I see a lot of potential in ASICMINER, especially with selling ASICs to the public after the difficulty / ASICs market stabilizes. It will be kept for the dividends, but may be sold depending on the P/E and future prospects.
Jump to: