Payment received, thanks!
Received. 
Topic: [BTC-TC] YABMC - page 9. (Read 45300 times)
Payment received, thanks!
Payment of accumulated coupons since GLBSE closure sent to accounts referenced above. These accounts had all confirmed receipt of the test payment(s) -- hence increasing my belief the BTC would not be going into a blackhole.
5f0d3b068a461479989caabcbf19ef79d11ecd5485bb566ebd24ce28f31d68d0
As detailed on the Google Doc, the payment was 0.01491560 BTC per share (60.305% of the per share total). This covers coupons from 2 October @ 12:00 UTC until 11 January @ 12:00 UTC.
5f0d3b068a461479989caabcbf19ef79d11ecd5485bb566ebd24ce28f31d68d0
As detailed on the Google Doc, the payment was 0.01491560 BTC per share (60.305% of the per share total). This covers coupons from 2 October @ 12:00 UTC until 11 January @ 12:00 UTC.
Payment recieved 
Thanks
Thanks
I will send (in the morning) the accumulated coupons to the following who have confirmed receipt of a test payment. I have not use the full BTC address in an attempt to retain as much privacy as possible.
As detailed on the Google Doc, the payment will be 0.01491560 BTC per share (60.305% of the per share total). This covers coupons since the last payment on 2 October @ 12:00 UTC until 11 January @ 12:00 UTC.
Code:
7596 181E
4165 1KxN
2000 115y
1948 15ie
1067 1AMP
968 17kV
600 1NGC
551 1NPt
539 1GMy
524 1NkK
296 1C1p
225 1wVY
209 15kN
201 1HXx
200 1MFj
180 18q9
161 13wP
157 1Ni9
105 1Fbr
104 1NmC
85 12ja
80 14Fc
72 1AHp
64 1BmD
60 1EgB
49 1Hcu
40 17JR
38 12Nc
30 18PR
25 1AMc
24 17S7
23 1Fxp
22 1P3r
22 1JJP
20 19oS
18 12PL
17 13hV
16 18ot
15 1DbF
13 12Ea
12 1BMj
12 1HpR
10 1H3k
8 1J2N
7 1F3J
2 15MP
1 17vP
As detailed on the Google Doc, the payment will be 0.01491560 BTC per share (60.305% of the per share total). This covers coupons since the last payment on 2 October @ 12:00 UTC until 11 January @ 12:00 UTC.
My portion of the coupons were sent to https://blockchain.info/fb/1yabmc - covering from 4 January 2013 @ 12:00 UTC to 11 January 2013 @ 12:00 UTC.
Details of the calculations can be found at http://snipurl.com/yabmc
Details of the calculations can be found at http://snipurl.com/yabmc
I'll be hoping to hear what the price per share is with the buyback, if that can be disclosed. Thank you for communicating with us... It means a lot.
@Conspirosphere.tk
Understand completely - this is totally voluntary on behalf of the bondholder.
The "get out now" was to address Boonies4u comment of NO buyback option.
With respect to verification, the plan will likely be the bondholder signing a message from the already known BTC address that received the test payment(s). They can send the message to me and I will post it (allowing others to verify the message validity if they desire). While this is not 100% anonymous it is as close as I can get (since verifying requires some public information -- the BTC address and the derived share count from the test payment).
Understand completely - this is totally voluntary on behalf of the bondholder.
The "get out now" was to address Boonies4u comment of NO buyback option.
With respect to verification, the plan will likely be the bondholder signing a message from the already known BTC address that received the test payment(s). They can send the message to me and I will post it (allowing others to verify the message validity if they desire). While this is not 100% anonymous it is as close as I can get (since verifying requires some public information -- the BTC address and the derived share count from the test payment).
I'd like to see a dividend payment before speaking about selling price.
For the record - I have received a buyback request. This bondholder and I are discussing what amount of data can (should) be disclosed publicly to both respect his/her privacy and also satisfy the public's trust that this is a legitimate transaction -- more to follow.
A few more test payments were confirmed - up to 22,581.
On the "wound down" post a few back, I believe that there will be some people protesting that I am scamming if even $5/month (across all MY shares = 20,131) is not paid out (which at today's prices would imply a difficulty of almost 1 billion -- a 300x growth from today). This may never happen so my thoughts are leaning a bit more towards re-listing with BitFunder -- namely so there is a market to trade and buyback shares (on the market or forced at contract premium of 105%).
On the "wound down" post a few back, I believe that there will be some people protesting that I am scamming if even $5/month (across all MY shares = 20,131) is not paid out (which at today's prices would imply a difficulty of almost 1 billion -- a 300x growth from today). This may never happen so my thoughts are leaning a bit more towards re-listing with BitFunder -- namely so there is a market to trade and buyback shares (on the market or forced at contract premium of 105%).
i think this would be the best way about things
i have several past glbse listings that have moved onto other exchanges and so far those are all going smoothly
Since you seem to be otherwise unwilling or unable to perform a buyback at at any amount. I don't see this going smoothly if you don't relist.
@Boonies4u
I have only said a buyback at ~.07 will not happen (a price near the last trade). I could certainly buy shares back at a price lower than that...
Again, thanks for the comment!
PS - If anyone wants to "get out now" and offer their shares back (with the understanding that a price near .07 isn't feasible) please PM me.
A few more test payments were confirmed - up to 22,581.
On the "wound down" post a few back, I believe that there will be some people protesting that I am scamming if even $5/month (across all MY shares = 20,131) is not paid out (which at today's prices would imply a difficulty of almost 1 billion -- a 300x growth from today). This may never happen so my thoughts are leaning a bit more towards re-listing with BitFunder -- namely so there is a market to trade and buyback shares (on the market or forced at contract premium of 105%).
On the "wound down" post a few back, I believe that there will be some people protesting that I am scamming if even $5/month (across all MY shares = 20,131) is not paid out (which at today's prices would imply a difficulty of almost 1 billion -- a 300x growth from today). This may never happen so my thoughts are leaning a bit more towards re-listing with BitFunder -- namely so there is a market to trade and buyback shares (on the market or forced at contract premium of 105%).
i think this would be the best way about things
i have several past glbse listings that have moved onto other exchanges and so far those are all going smoothly
Since you seem to be otherwise unwilling or unable to perform a buyback at at any amount. I don't see this going smoothly if you don't relist.
@camolist,
Thanks for the comment!
Thanks for the comment!
A few more test payments were confirmed - up to 22,581.
On the "wound down" post a few back, I believe that there will be some people protesting that I am scamming if even $5/month (across all MY shares = 20,131) is not paid out (which at today's prices would imply a difficulty of almost 1 billion -- a 300x growth from today). This may never happen so my thoughts are leaning a bit more towards re-listing with BitFunder -- namely so there is a market to trade and buyback shares (on the market or forced at contract premium of 105%).
On the "wound down" post a few back, I believe that there will be some people protesting that I am scamming if even $5/month (across all MY shares = 20,131) is not paid out (which at today's prices would imply a difficulty of almost 1 billion -- a 300x growth from today). This may never happen so my thoughts are leaning a bit more towards re-listing with BitFunder -- namely so there is a market to trade and buyback shares (on the market or forced at contract premium of 105%).
i think this would be the best way about things
i have several past glbse listings that have moved onto other exchanges and so far those are all going smoothly
A few more test payments were confirmed - up to 22,581.
On the "wound down" post a few back, I believe that there will be some people protesting that I am scamming if even $5/month (across all MY shares = 20,131) is not paid out (which at today's prices would imply a difficulty of almost 1 billion -- a 300x growth from today). This may never happen so my thoughts are leaning a bit more towards re-listing with BitFunder -- namely so there is a market to trade and buyback shares (on the market or forced at contract premium of 105%).
On the "wound down" post a few back, I believe that there will be some people protesting that I am scamming if even $5/month (across all MY shares = 20,131) is not paid out (which at today's prices would imply a difficulty of almost 1 billion -- a 300x growth from today). This may never happen so my thoughts are leaning a bit more towards re-listing with BitFunder -- namely so there is a market to trade and buyback shares (on the market or forced at contract premium of 105%).
Agreed - it is a few data points and worth considering!
PS - 7 total bets - perhaps an insufficiently small sample size.
I think the total BTC is a better measure of sample size than bet count tho. That aside, yeah it's not a lot, but it's more than just a guess seeing how there's BTC backing it I guess.
Thanks for the comments - I am still leaning very strongly towards NOT re-listing but certainly paying coupons well into the future.
So how does YABMC become wound down?
At some point the value of the coupons become almost worthless (due to the certain difficulty increase ASICs will bring). We do not know WHEN this will happen but it is reasonable to believe difficulty can increase 10x in the next six months (and perhaps 100x soon after). I believe when the USD value of 1 share's monthly coupons is less than 1 penny ($.01) the shares are effectively worthless and at that point YABMC would close the following week (assuming weekly payments each Friday).
So how does YABMC become wound down?
At some point the value of the coupons become almost worthless (due to the certain difficulty increase ASICs will bring). We do not know WHEN this will happen but it is reasonable to believe difficulty can increase 10x in the next six months (and perhaps 100x soon after). I believe when the USD value of 1 share's monthly coupons is less than 1 penny ($.01) the shares are effectively worthless and at that point YABMC would close the following week (assuming weekly payments each Friday).
0.01 USD is still 500 USD per month (even more because there were more than 50k shares of YABMC) that you will save (scam) monthly. And there is still possibility that the difficulty may drop afterwards and you will utilize your hardware without paying anything to investors. The only proper way to wind this down is to follow the contract payback clause. If you don't want to follow last trading data from GLBSE than you may relist on another exchange, let people trade the bonds and if it comes to the point that the monthly coupon will be less_than 0.01 USD execute the buyback as per contract. Right now you are trying to scam investors and make everything in your favour.
I have seen that focusing on a per share monthly payout is the WRONG approach - so back to the drawing board. The only people whom I see are truly impacted are the larger shareholders.
@GeoRW - please realize there are only
Thanks for the comments - I am still leaning very strongly towards NOT re-listing but certainly paying coupons well into the future.
So how does YABMC become wound down?
At some point the value of the coupons become almost worthless (due to the certain difficulty increase ASICs will bring). We do not know WHEN this will happen but it is reasonable to believe difficulty can increase 10x in the next six months (and perhaps 100x soon after). I believe when the USD value of 1 share's monthly coupons is less than 1 penny ($.01) the shares are effectively worthless and at that point YABMC would close the following week (assuming weekly payments each Friday).
So how does YABMC become wound down?
At some point the value of the coupons become almost worthless (due to the certain difficulty increase ASICs will bring). We do not know WHEN this will happen but it is reasonable to believe difficulty can increase 10x in the next six months (and perhaps 100x soon after). I believe when the USD value of 1 share's monthly coupons is less than 1 penny ($.01) the shares are effectively worthless and at that point YABMC would close the following week (assuming weekly payments each Friday).
0.01 USD is still 500 USD per month (even more because there were more than 50k shares of YABMC) that you will save (scam) monthly. And there is still possibility that the difficulty may drop afterwards and you will utilize your hardware without paying anything to investors. The only proper way to wind this down is to follow the contract payback clause. If you don't want to follow last trading data from GLBSE than you may relist on another exchange, let people trade the bonds and if it comes to the point that the monthly coupon will be less_than 0.01 USD execute the buyback as per contract. Right now you are trying to scam investors and make everything in your favour.
We do not know WHEN this will happen but it is reasonable to believe difficulty can increase 10x in the next six months (and perhaps 100x soon after).
It'd seem that difficulty over 3,750,000 is 21.85:1 and under 4,500,000 is 51.5:1 for end of March. So maybe not as reasonable to believe as all that.
Thanks for that - I'll check if they have bets for end of June (i.e., closer to the 6 month timeframe I mentioned).
EDIT - It seems MP is somehow involved in bitbet.us...
PS - 7 total bets - perhaps an insufficiently small sample size.
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