Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 14. (Read 198958 times)

TL;DR: Sorry, and I've not vanished.

Dear All,

I am really sorry about my extended period of absence from the community. Unfortunately I have had to deal with some personal tragedy recently which affected me and my loved ones very badly. Having had an acute period of depression in the past, experience has taught me that the most expeditious way out is to completely disconnect from work and other stress-inducing activities while I deal with the illness through intensive daily therapy. In the past I have attempted to combine that with work, but I've found it just drags out the acute period and during it I'm pretty useless and prone to errors of judgment.

I apologise that I felt unable to communicate this to you sooner. It was simpler with my core work at Memset since I just needed to let my assistants know I had to vanish for a while. I recognise now that my unexpected absence has caused this community, in particular the CIPHERMINE shareholders and bondholders, some concern. It is unlikely that I'm going to get anything worse thrown at me here on in, Gods forbid, but I shall be putting in place better measures to deal with me becoming ill etc. for CipherMine and CipherTrade. The timing was unfortunate since I was mid-handover of several components to Giles (evilscoop), Si (Sims) and the rest of the team.

CipherTrade will take care of the dividends issues; once its up the process will no longer rely on me. While we are doing dividends manually it has been simpler to continue with me doing them, and I will be issuing another round soon. Apologies for their irregularity. The CIPHERMINE.B1 dividends are held back by a technical issue; the size of the payments for individual bondholders is now below the the transaction size limit for BTC, even after having allowed them to accumulate for a while. As an aside, I think this bodes very well for alt-coins. BTC's minimum transaction size is now more than $0.01, making it a poor choice for micro-transactions.

Anyway, I'm on the mend and will be getting back up to speed with my work responsibilities and our various projects over the next couple of weeks. I have planned a staged return on the advice of my doctors so won't be operating at full capacity just yet. Thank you all for your patience and understanding during this very difficult period.

Kate.

PS. To confirm, we received our second batch of 5 HashFast BabyJets today! That brings our total to 7 BabyJets. We have another order of 3 pending (9 in total), and 8 upgrades (a second 400 GHs Golden Nonce chip for the BJ's). I'm not sure why I ordered 8 rather than 9 upgrades, perhaps it was all we could afford at the time. We also have 4 HashFast Sierras (1.2 TH/s) on order, and 3 x 2 TH/s Cointerra units to come. Although there has been controversy around HashFast, their kit is arriving and it appears rock-solid in terms of performance so I'm unconcerned there. We will be investigating the status of the Miner Protection Programme though since it should pay out handsomely for us!

https://litecointalk.org/index.php?topic=4582.msg122978#msg122978

That being said, for those of you that may not be aware, I have launched a set of securities in the spirit of DMS called Bitcoin Difficulty Derivative, listed on Havelock. I sincerely missed trading in DMS and am happy to bring a version of it to the market.

There are some key differences between DMS and BDD which I hope you'll see if you choose to read the contract. Many of you, I assume, would support some of those changes: namely that all capital will be held on the exchange and there will be no investment of capital.

Both of these changes are meant solely the reduce the security holders' counter-party risk. You can never totally eliminate this risk, but these changes will allow BDD to circumvent some of the issues that DMS had/has (the close call with Coinlenders' default, Deprived's current absence).

Please let me know if you have any questions either here or in the BDD thread. Thanks for reading-

What's the link between usagi and deprived? Why we need to care about usagi?

One thing you will may be interested to know is that BMF will be buying deprived debt. In short, if you can prove/sign/guarantee your deprived debt to us, we will issue you his shares of BMF. This way you can actually sell them and get your value back. We will probably offer to buy his debt at 90 cents on the dollar. More news on that later -- but feel free to PM me, I've been answering my PMs and emails this whole time.

I somewhat agree, however to be fair we must take into account also the BTC value, which now has risen quite a lot.