I support the idea, in fact I think I was the one to propose it, but I can not see why this would cost anyone 5% of dividends. Both the regular PTs have waived their dividend fees, and I'm fairly certain the effort involved in issuing one command per week isn't worth those 5%. If you get half the size of the BTCT PT, that'll be over ฿3 per week for essentially issuing one command.
When I suggested the idea, including a fee, I was thinking something along the lines of 0.1% upwards limited to ฿1 per week or something like that.
The same goes for the other 100PT that was announced on BTCT, BTW.
Finally, I dislike the idea of running a mining operation as part of a PT, but that's solely a personal preference in that I like to keep my interests 'clean' from additional variance whenever possible. I would much prefer that the board, if received, would go into a separate stock.
.b
When I suggested the idea, including a fee, I was thinking something along the lines of 0.1% upwards limited to ฿1 per week or something like that.
The same goes for the other 100PT that was announced on BTCT, BTW.
Finally, I dislike the idea of running a mining operation as part of a PT, but that's solely a personal preference in that I like to keep my interests 'clean' from additional variance whenever possible. I would much prefer that the board, if received, would go into a separate stock.
.b
I posted on the other 1/100 PT in response to a similar question regarding fees. Running the ASICMINER-PT has been very time consuming, way more so than I originally anticipated. If I were not seeing benefit at the BTC-TC level (mind share and trade volume) for my efforts, it would be very difficult to justify to the wife why I'm responding to PM's all night.
DeaDTerra's free PT was the first of it's kind, and has put downward pressure on ASICMINER-PT to be competitive, but with these 1/100 PT's I think they're providing a unique product, and you definitely want to keep the manager in a PT motivated.Cheers.
I understand it takes some work to cope with requests, but c'mon... 5% lost in profit is a massive cost over the lifetime of a shareholding for people that buy and hold. Traders, perhaps the true audience for this asset, wouldn't mind, so they would essentially be trading this like there's no tomorrow. The burden of activity would come from those, not from the people who want to invest long-term.
In essence, this is a 5% tax on investors to fund traders. Instead, impose a ridiculous fee on transfers and other activities that actually cost time. Then, traders would pay for what actually takes time while longer term investors could get away with a fee that resembles their burden on the operator.
I like the way you have motioned this for your PT; one transfer per month is free, after that, you pay.
.b
I think the time breakdown for me is very roughly:
30% Answering PM's asking about ASICMINER-PT and ASICMINER.
30% Reading threads and responding. (kind of PR. mostly just keeping facts straight.)
30% Managing transfers.
10% Moving divs when they come in, checking to make sure the right amount came in, scheduling divs, manually issuing divs that are screwed up because they're mid-transfer with Friedcat.
The first two categories are difficult to value, and yet are valuable to all investors in your asset.
The other interesting consideration here is that long-term investors when they get to 100-ish shares can sell them and buy up to a long-term holding situation direct with ASICMINER or one of the 1 to 1 PT's.
