Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 29. (Read 198958 times)

Yeah it isn't Bitfunder - which seems to be dieing right now with withdrawals impossible for last few days (one or both of Bitfunder and/or Weexchange seem to always be down).  It's not an exchange which exists at all at present (in the sense of being open to public use).  Whilst I'd have preferred to move to an existing exchange of the two credible & feasible ones one (Bitfunder) ceased to be credible (issuer defaulting on his own loans security - but refusing redemptions in line with its contract) and the other (Havelock) isn't taking new listings nor is it clarifying its position on US investors.

MPEx is credible (though allows some dodgy practices - such as the issuer issuing warrants to himself but not disclosing their expiry date making valuation impossible for everyone else) but not feasible due to the burden imposed on existing investors of either paying a subscription fee there or committing to regular monthly fees to use a third-party broker.

As soon as I can provide more information I will - but I'd prefer not to give anything detailed until it's finally agreed : better to say nothing than say something which later has to be retracted.  I can confirm all investors would be able to trade without providing ID as that's a precondition on me moving DMS to ANY exchange.  So if it doesn't allow that then we wouldn't list there.

Very interested to learn where DMS is going next. Also glad to hear (or have implied) that it's not going to be BitFunder. Even before the recent mess it was, for me, the least favourite of the 3 regular BTC exchanges (BTCT, HL, BF).

Manual PURCHASE transfers makes my arbitrage-bot sad, but I guess it can cope. I will give it a counselling session.

BTC Balance (BTC-TC)   146.6196902
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    260.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    855.39565414
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   189,281,249
Hashes per MINING   5000000
   
Daily Dividend    0.00001328
50 days (Min Liquid)    0.00066423
100 days (Forced Close)    0.00132846
365 days (Buyback)    0.00484889
405 days (IPO)    0.00538028
400 days (Post SELLING div)    0.00531385
410 days (Pre SELLING div)    0.00544670
   
NAV Post MINING Div    853.22954103
NAV/U Post MINING Div    0.00523280
Days Dividend Post Div   393.90
SELLING Dividend    -         
NAV Post SELLING Div    853.22954103

Ciphermine.B1 dividend for this week came through (a bit under 1 BTC) so NAV/U has dropped by less than the MINING dividend today.

My expectation at present is that DMS will be relisted and trading at some point late this month or very early next month - with ALL investors able to trade without providing personally-identifying information.  That's not absolutely certain yet - but I'd say there's a 90%+ chance of it being the case.  I also expect full liqiuidity to return within weeks of that (i.e. the CIPHERMINE.B1 to be liquid and so fully BTC redemptions being possible).

I'll provide more information on this as soon as I can - hopefully in a week or so's time a more detailed explanation can be provided.  I'm not certain yet whether modifications to the contract will be needed - most likely there'd have to be short-term limits on exchanges of PURCHASE for MINING+SELLING due to transfers being manually processed but that doesn't require a change in contract as the existing contract already provides that "If activity on these security reaches a level which warrants it then this procedure may be amended or automated at Manager's discretion."  Any such restriction would not, of course, be such as to prevent existing holders of PURCHASE from converting all their holdings into SELLING+MINING in one go.

BTC Balance (BTC-TC)   147.8190891
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    260.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    856.59505302
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   189,281,249
Hashes per MINING   5000000
   
Daily Dividend    0.00001328
50 days (Min Liquid)    0.00066423
100 days (Forced Close)    0.00132846
365 days (Buyback)    0.00484889
405 days (IPO)    0.00538028
400 days (Post SELLING div)    0.00531385
410 days (Pre SELLING div)    0.00544670
   
NAV Post MINING Div    854.42893991
NAV/U Post MINING Div    0.00524016
Days Dividend Post Div   394.45
SELLING Dividend    -         
NAV Post SELLING Div    854.42893991
NAV/U Post Selling Div    0.00524016

I'd also guess on it being the SEC. Can't imagine anyone seeing trading as money laundering.

I'm just wondering what's going to happen to my 230 shares of DMS.MINING. Mostly because I used a loan to get them and I really should sell off some shares.

BTC Balance (BTC-TC)   149.9844462
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    260.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    858.76041014
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   189,281,249
Hashes per MINING   5000000
   
Daily Dividend    0.00001328
50 days (Min Liquid)    0.00066423
100 days (Forced Close)    0.00132846
365 days (Buyback)    0.00484889
405 days (IPO)    0.00538028
400 days (Post SELLING div)    0.00531385
410 days (Pre SELLING div)    0.00544670
   
NAV Post MINING Div    856.59429703
NAV/U Post MINING Div    0.00525344
Days Dividend Post Div   395.45
SELLING Dividend    -         
NAV Post SELLING Div    856.59429703
NAV/U Post Selling Div    0.00525344

I've received 4.65215634 BTC. Thank you !
Still haven't received your email, I thougt it's my email service issue.

Have sent your BTC to the address you provided (saying it here - as seems your email provider is still blocking hotmail emails).  Let me know if you haven't received it in a few hours - I did a withdrawal from BTC-TC which said it went through (it was just below the daily limit so didn't have to wait for manual approval).

Ah yeah - just noticed you only get transaction IDs via API.  Just copy/paste the transaction info you have - the time-stamps are sufficent proof.  Not sure why you haven't got the email - it shows as sent at my end - maybe in your junk mail?

EDIT:  Just reloaded my mail and I have a delivery failure report for the email address in the header of your mail to me.  Seems your email  service is restricting traffic by IP - and is presently denying emails from hotmail.  Will try a resend.

I have not receive any email from you.I can provide the transaction time-stamps and will email you later, but where're the transaction IDs? I can not find these。

So everyone knows what's happening with this, I've received an email from Keven claiming those transfers.  I just emailed him back asking for copies of the transactions - if he can provide the transaction IDs and time-stamps then I can be confident he has access to the sending account and will transfer him the BTC (the Ciphermine.B1 will have to wait until that's relisted).

BTC Balance (BTC-TC)   152.1498033
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    260.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    860.92576726
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   189,281,249
Hashes per MINING   5000000
   
Daily Dividend    0.00001328
50 days (Min Liquid)    0.00066423
100 days (Forced Close)    0.00132846
365 days (Buyback)    0.00484889
405 days (IPO)    0.00538028
400 days (Post SELLING div)    0.00531385
410 days (Pre SELLING div)    0.00544670
   
NAV Post MINING Div    858.75965415
NAV/U Post MINING Div    0.00526672
Days Dividend Post Div   396.45
SELLING Dividend    -         
NAV Post SELLING Div    858.75965415
NAV/U Post Selling Div    0.00526672

It's mine.I would E-mail you later.

Not sure who you transferred your PURCHASE to - or who sent you MINING/SELLING as trading isn't currently enabled on the securities.  IF trading occurs then 1 PURCHASE would received exactly one MINING+SELLING - as that's precisely what it represents.  If you've found someone giving you more than that then feel free to share the details - as that represents an opportunity to print free money.

On more general news I'd hope to be able to give an update one where we may relocayr shortly - but can't commit to any firm dates/times.  I'm in discussions with various parties but believe disclosin any details before they're finalised would be counter-productive.  Bottom line is pretty mcuh that if there's no clear plan for relisting by near the end of the month then DMS would close down and distribute all funds.  But hopefully we'll avoid that - as the clear majority view is a preference for continuing to pay dividends/trade.

Apologies, I understand why he is selling just the code etc...  My question, as someone who is interested in buying the code, is what prompted Burnside to close in the first place.  Was it SEC or FINCEN stuff, or the LABCOIN IPO, or some other personal reason?  I am guessing it was the first item, as I just received a notice from Dwolla that they are severing all times with the Bitcoin community.

Oh, it's getting more "interesting" by the moment!

In another post I authored, someone mentioned Ripple could be used for a distributed stock exchange.  Sorry not familiar with it.  Worth considering?  I am sure Deprived would like to keep this thread strictly for DMS.  So the other thread is: https://bitcointalksearch.org/topic/m.3315889

Hi I transferred over 43 shares of purchase and I got my mining and selling however I thought I was also suppose to receive an amount of BTC as well.
Just wanted to make sure that something wasn't overlooked though I am guessing that I am just mistaken. 

Because if he sells the functioning exchange itself he has significantly more legal liability.

It would be nice to find out why Burnside decided to throw in the towel before considering this.  If it's because he doesn't have a broker/dealer license, that is something that can't be fixed overnight.

Meanwhile,

Yes - whilst BTC-TC still functions (and we're still on it) I'll post reports.  Haven't done so last few days due to not being able to pay dividends due to getting errors whenever I tried.  Most days NAV/U is just going to drop by the value of 1 MINING dividend (with maybe 1 satoshi difference due to rounding some days).