Topic: [BTC-TC] YABMC (Read 45300 times)
Thanks JWU42, at least someone fair out there in bitcoin wasteland
Running into the same issues with blockchain and sending such a small TX with 130+ outputs 
I think we all need to recognize this asset has run its course and is at the end of its useful life.
I believe sending a final payment that is equal to 5x this monthly coupon (850 satoshis per share) is a fair settlement as the bond hasn't traded for an eternity (it seems). With ever increasing difficulty I estimate it is equal to another 9+ months worth of coupons (850 Satoshi / 35 Satoshis = 24 weeks with no diff changes).
I wish you all well and appreciate your support over the past 2 years. A lot has been learned about the "professionalism" in the BTC asset markets
EDIT - TX went through - https://blockchain.info/tx/31b790392271e1cf0741a0ea32617f6ba5e7892140e87aab7e220834cbeccc3d
I think we all need to recognize this asset has run its course and is at the end of its useful life.I believe sending a final payment that is equal to 5x this monthly coupon (850 satoshis per share) is a fair settlement as the bond hasn't traded for an eternity (it seems). With ever increasing difficulty I estimate it is equal to another 9+ months worth of coupons (850 Satoshi / 35 Satoshis = 24 weeks with no diff changes).
I wish you all well and appreciate your support over the past 2 years. A lot has been learned about the "professionalism" in the BTC asset markets
EDIT - TX went through - https://blockchain.info/tx/31b790392271e1cf0741a0ea32617f6ba5e7892140e87aab7e220834cbeccc3d
Since I kept editing the last post with updates I figured I would bump the thread...
I'll keep a running tally here for the next round of payments...
23 March coupon is BTC0.00000050 per share
30 March coupon is BTC0.00000044 per share
6 April coupon is BTC0.00000041 per share
13 April coupon will be BTC0.00000035 per share
13 April the cumulative coupon of BTC0.00000170 per share will be paid.
EDIT 5 April 15:12 UTC
23 March coupon is BTC0.00000050 per share
30 March coupon is BTC0.00000044 per share
6 April coupon is BTC0.00000041 per share
13 April coupon will be BTC0.00000035 per share
13 April the cumulative coupon of BTC0.00000170 per share will be paid.
EDIT 5 April 15:12 UTC
Thanks for the note.
Not much activity here other then updates, just wanted to say I'm glad to still be receiving dividends, this is one of 2 things I invested in that still stood by after glbse fiasco. Many thanks JWU42.
Total payment is BTC0.00000242 per share which covers from 1200 UTC 16 Feb until 1200 UTC 16 Mar.
https://blockchain.info/tx/cd8e6c9bf1efcb4800d2264675aaf37b47dcc174a3fa9323b34cceb29ba21561
Paid a day early
https://blockchain.info/tx/cd8e6c9bf1efcb4800d2264675aaf37b47dcc174a3fa9323b34cceb29ba21561
Paid a day early
Just a reminder the next coupon will be paid this Sunday (16 March). I'll update the thread later tonight with the payout per week and total amount payable this Sunday.
EDIT
23 Feb was BTC0.00000069 per share
2 March was BTC0.00000064 per share
9 March was BTC0.00000056 per share
16 March will be BTC0.00000053 per share
Total payment per share on 16 March will be BTC0.00000242 per share
EDIT
23 Feb was BTC0.00000069 per share
2 March was BTC0.00000064 per share
9 March was BTC0.00000056 per share
16 March will be BTC0.00000053 per share
Total payment per share on 16 March will be BTC0.00000242 per share
Well it seems Blockchain is now enforcing a maximum of 75 outputs for small TX (and these coupons are the definition of small). This means I will have to send two TX to disperse coupons to all users.
In light of this (an effective doubling of the fees) I will implement the every 4 week payment schedule described above.
Through 2 March the coupons owed are as follows:
23 Feb was BTC0.00000069 per share
2 March will be BTC0.00000064 per share
In light of this (an effective doubling of the fees) I will implement the every 4 week payment schedule described above.
Through 2 March the coupons owed are as follows:
23 Feb was BTC0.00000069 per share
2 March will be BTC0.00000064 per share
The Feb 23rd coupon is calculated at BTC0.00000069 per share. This amount will be combined with the calculated amount for the next scheduled coupon (2 March). Both payable 2 March at ~ 1200 UTC.
With the weekly coupon rapidly approaching 50 Satoshis I plan to move to paying the coupon monthly (every 4th Sunday) in the near future. The TX fee is becoming a larger percentage of the coupon payment - to the point where it warrants questioning continuing the bond (The fee for the 16 Feb payment was 1.79%).
So for now the plan is to continue the payments, just increase the duration between them (i.e., now paying every other Sunday and eventually transitioning to every 4th Sunday). My best estimate is the revised payment schedule begins once difficulty reaches ~5B (i.e., the payment per share is ~165 Satoshis).
With the weekly coupon rapidly approaching 50 Satoshis I plan to move to paying the coupon monthly (every 4th Sunday) in the near future. The TX fee is becoming a larger percentage of the coupon payment - to the point where it warrants questioning continuing the bond (The fee for the 16 Feb payment was 1.79%).
So for now the plan is to continue the payments, just increase the duration between them (i.e., now paying every other Sunday and eventually transitioning to every 4th Sunday). My best estimate is the revised payment schedule begins once difficulty reaches ~5B (i.e., the payment per share is ~165 Satoshis).
Payment will be made shortly...
9 Feb was BTC0.00000087 per share
16 Feb is BTC0.00000081 per share
Total payment is BTC0.00000168 per share which covers from 1200 UTC 2 Feb until 1200 UTC 16 Feb.
https://blockchain.info/tx/0f571f61a3c76897d07947184d526ca686601c8674e089a8e71a3b6f2bce1740
9 Feb was BTC0.00000087 per share
16 Feb is BTC0.00000081 per share
Total payment is BTC0.00000168 per share which covers from 1200 UTC 2 Feb until 1200 UTC 16 Feb.
https://blockchain.info/tx/0f571f61a3c76897d07947184d526ca686601c8674e089a8e71a3b6f2bce1740
With the latest diff change known the coupon for 9 Feb will be BTC0.00000087 per share. As the weekly payments get smaller and smaller I plan to start doing a payout on alternating Sundays. The fee will quickly become near 5% of the total payment before long otherwise.
I decided to combine the coupon for 26 Jan (BTC0.00000113/sh) and the upcoming coupon on 2 Feb (BTC0.00000097/sh) into a single payment of 210 Satoshis per share.
https://blockchain.info/tx/c0bf689859becb059ca63c97dbcd3729c5e21d203a18eecc35725a92b51658ad
https://blockchain.info/tx/c0bf689859becb059ca63c97dbcd3729c5e21d203a18eecc35725a92b51658ad
Sorry for the late posting - life gets in the way. The Sunday coupon (26 Jan) will be paid tomorrow (Tuesday - 28 Jan). I'll make up for it by paying this Sunday's coupon 3 days early (30 Jan) 
Coupon paid (BTC0.00000121/sh) a day early covering the time frame from 1200 UTC 12 January to 1200 UTC 19 January
https://blockchain.info/tx/b76770bdf6fb3f22b9fe5df8c48ed73019b6033e7d802a4ce283afffbc16968e
https://blockchain.info/tx/b76770bdf6fb3f22b9fe5df8c48ed73019b6033e7d802a4ce283afffbc16968e
Just re-sent last Sunday's coupon. Will watch to be sure it confirms...
https://blockchain.info/tx/281b681bf5276140cbe00dfda15b0dabc9a8d28bf95ae79253496a62bde38de1
EDIT - Not looking good
Yep, now the two transcactions have been tagged as a double spend attempt. Here is hoping that one of them will get confirmed by some nice pool somewhere.https://blockchain.info/tx/281b681bf5276140cbe00dfda15b0dabc9a8d28bf95ae79253496a62bde38de1
EDIT - Not looking good
Seems the double spend thing got fixed - TX here but still unconfirmed...
https://blockchain.info/tx/99b0054b80d04fe69a5508dda47c062d2a84668b660ed5ade43c9da03932d7ab
The re-send attempt for the 5 January TX above finally disappeared so I have just re-sent the TX (coupon was BTC0.00000165/sh).
https://blockchain.info/tx/2665da669c86b46fa4bcfa999c620bb412a02a9a3eae1d20d12bed5fefafcdba
I do not foresee issues as this fee should be sufficient (as it was yesterday).
Just re-sent last Sunday's coupon. Will watch to be sure it confirms...
https://blockchain.info/tx/281b681bf5276140cbe00dfda15b0dabc9a8d28bf95ae79253496a62bde38de1
EDIT - Not looking good
Yep, now the two transcactions have been tagged as a double spend attempt. Here is hoping that one of them will get confirmed by some nice pool somewhere.https://blockchain.info/tx/281b681bf5276140cbe00dfda15b0dabc9a8d28bf95ae79253496a62bde38de1
EDIT - Not looking good
Seems the double spend thing got fixed - TX here but still unconfirmed...
https://blockchain.info/tx/99b0054b80d04fe69a5508dda47c062d2a84668b660ed5ade43c9da03932d7ab
Just re-sent last Sunday's coupon. Will watch to be sure it confirms...
https://blockchain.info/tx/281b681bf5276140cbe00dfda15b0dabc9a8d28bf95ae79253496a62bde38de1
EDIT - Not looking good
Yep, now the two transcactions have been tagged as a double spend attempt. Here is hoping that one of them will get confirmed by some nice pool somewhere. https://blockchain.info/tx/281b681bf5276140cbe00dfda15b0dabc9a8d28bf95ae79253496a62bde38de1
EDIT - Not looking good
Coupon paid (BTC0.00000150/sh) covering the time frame from 1200 UTC 05 January to 1200 UTC 12 January
https://blockchain.info/tx/64dedbfc545be518126b22ca707d89edb8641c08d16a5ee92cc7f2136718c3f3
I think I have figured the issues with setting the fee (using Blockchain's "generous" has been sufficient thus far but obviously isn't sufficient of late) and hope to not have a repeat of the disappearing TX going forward. The payment (and re-try) for the 5 January coupon appear to have not worked. I am simply waiting for the TX to "disappear" and then will resend with a larger TX fee.
Thanks for your patience!
EDIT - See this confirmed within 30 minutes = PROGRESS
https://blockchain.info/tx/64dedbfc545be518126b22ca707d89edb8641c08d16a5ee92cc7f2136718c3f3
I think I have figured the issues with setting the fee (using Blockchain's "generous" has been sufficient thus far but obviously isn't sufficient of late) and hope to not have a repeat of the disappearing TX going forward. The payment (and re-try) for the 5 January coupon appear to have not worked. I am simply waiting for the TX to "disappear" and then will resend with a larger TX fee.
Thanks for your patience!
EDIT - See this confirmed within 30 minutes = PROGRESS
Just re-sent last Sunday's coupon. Will watch to be sure it confirms...
https://blockchain.info/tx/281b681bf5276140cbe00dfda15b0dabc9a8d28bf95ae79253496a62bde38de1
EDIT - Not looking good
https://blockchain.info/tx/281b681bf5276140cbe00dfda15b0dabc9a8d28bf95ae79253496a62bde38de1
EDIT - Not looking good
Jump to: