https://btct.co/security/ASICMINER-PT (motions tab)
They're all to your benefit.
Cheers.
Topic: [BTCTC][[ASICMINER-PT]] - Public trading of ASICMINER shares - page 18. (Read 74585 times)
Quick reminder to all ASICMINER-PT shareholders to get your votes in on the three motions that are up at:
https://btct.co/security/ASICMINER-PT (motions tab)
They're all to your benefit.
Cheers.
https://btct.co/security/ASICMINER-PT (motions tab)
They're all to your benefit.
Cheers.
@burnside
Could you please check what is taking so long with my ASICMINER shares to be transfered from friedcat to you? I would like to see them on BTC-TC. I'm waiting about 6days now.
Could you please check what is taking so long with my ASICMINER shares to be transfered from friedcat to you? I would like to see them on BTC-TC. I'm waiting about 6days now.
Yeah, I'll PM Friedcat today. There are 2-3 pending requests that I haven't heard back on.
@burnside
Could you please check what is taking so long with my ASICMINER shares to be transfered from friedcat to you? I would like to see them on BTC-TC. I'm waiting about 6days now.
Could you please check what is taking so long with my ASICMINER shares to be transfered from friedcat to you? I would like to see them on BTC-TC. I'm waiting about 6days now.
Cool, nice turnaround! 
Quick PSA
Divs are delayed a bit today. Friedcat announced in the ASICMINER thread that he needed to catch up on some sleep. Poor guy is definitely overworked.
Cheers.
Divs are delayed a bit today. Friedcat announced in the ASICMINER thread that he needed to catch up on some sleep. Poor guy is definitely overworked.
Cheers.
Poor guy is making a lot of money - the thread seemed to indicate that some were receiving divs - was that a misinterpretation? It was just one guy claiming 0.007 per share...
Thanks for the PSA
Yup, divs paid.
0.00735415 BTC per share.Cheers.
Quick PSA
Divs are delayed a bit today. Friedcat announced in the ASICMINER thread that he needed to catch up on some sleep. Poor guy is definitely overworked.
Cheers.
Divs are delayed a bit today. Friedcat announced in the ASICMINER thread that he needed to catch up on some sleep. Poor guy is definitely overworked.
Cheers.
Poor guy is making a lot of money - the thread seemed to indicate that some were receiving divs - was that a misinterpretation? It was just one guy claiming 0.007 per share...
Thanks for the PSA
*edit*
btc-tc div just posted - Thanks!
Quick PSA
Divs are delayed a bit today. Friedcat announced in the ASICMINER thread that he needed to catch up on some sleep. Poor guy is definitely overworked.
Cheers.
Divs are delayed a bit today. Friedcat announced in the ASICMINER thread that he needed to catch up on some sleep. Poor guy is definitely overworked.
Cheers.
I understand the coding aspect of this, but couldn't this be solved by having the asset issuer deposit a certain number of shares to the exchange? No reason why the exchange should be involved beyond issuing these DRIP shares. 1% of all issued shares could be held in escrow, the dividends of remaining fractions could go back to the dividend total of the issuer for distribution.
The cost of such could come out of the management fees for the fund, because hoggamn those fees are steep.
.b
The cost of such could come out of the management fees for the fund, because hoggamn those fees are steep.
.b
That's an approach I hadn't thought of. Allowing the issuers to issue shares in various fractions 1/10, 1/100, etc. I need to think about that a bit. Something in the back of my mind is screaming at me "easier said than done".
I would fully support such an approach, both because it would allow any asset to offer fractional share DRIPs and because it would add revenue to the exchange, of which I also hold shares.
.b
BTW: Cracking RSA in linear time is as easy as solving xN+yM=(key-xy)^k. Implementing it takes around 10 universes, but hey, it's very easy to say :-) (Also, I'm not sure I remember the formula correctly)
I suggest you enable trading of fractional shares rather than allowing the creation of a passthrough for the passthrough.
Having a passthrough for the passthrough was discussed and discarded as a poor option. No point in having the additional third-party exposure. Thus both of the 1/100 issues out there today are stand-alone and will have direct ASICMINER shares underlying. There's zero tie-in with ASICMINER-PT.
Trading of fractional shares has been discussed in the BTC-TC threads a bit. The problem (beyond the mammoth coding project that it would be) is that to pull it off the exchange itself would have to actually hold full shares enough to cover any fractional shares outstanding. Essentially, the exchange would have to charge a premium to cover the exposure to someone buying 1/100th of a share in decline because the potential losses for the exchange are significant if played out across multiple assets.
I understand the coding aspect of this, but couldn't this be solved by having the asset issuer deposit a certain number of shares to the exchange? No reason why the exchange should be involved beyond issuing these DRIP shares. 1% of all issued shares could be held in escrow, the dividends of remaining fractions could go back to the dividend total of the issuer for distribution.
The cost of such could come out of the management fees for the fund, because hoggamn those fees are steep.
.b
That's an approach I hadn't thought of. Allowing the issuers to issue shares in various fractions 1/10, 1/100, etc. I need to think about that a bit. Something in the back of my mind is screaming at me "easier said than done".
I suggest you enable trading of fractional shares rather than allowing the creation of a passthrough for the passthrough.
Having a passthrough for the passthrough was discussed and discarded as a poor option. No point in having the additional third-party exposure. Thus both of the 1/100 issues out there today are stand-alone and will have direct ASICMINER shares underlying. There's zero tie-in with ASICMINER-PT.
Trading of fractional shares has been discussed in the BTC-TC threads a bit. The problem (beyond the mammoth coding project that it would be) is that to pull it off the exchange itself would have to actually hold full shares enough to cover any fractional shares outstanding. Essentially, the exchange would have to charge a premium to cover the exposure to someone buying 1/100th of a share in decline because the potential losses for the exchange are significant if played out across multiple assets.
I understand the coding aspect of this, but couldn't this be solved by having the asset issuer deposit a certain number of shares to the exchange? No reason why the exchange should be involved beyond issuing these DRIP shares. 1% of all issued shares could be held in escrow, the dividends of remaining fractions could go back to the dividend total of the issuer for distribution.
The cost of such could come out of the management fees for the fund, because hoggamn those fees are steep.
.b
I suggest you enable trading of fractional shares rather than allowing the creation of a passthrough for the passthrough.
Having a passthrough for the passthrough was discussed and discarded as a poor option. No point in having the additional third-party exposure. Thus both of the 1/100 issues out there today are stand-alone and will have direct ASICMINER shares underlying. There's zero tie-in with ASICMINER-PT.
Trading of fractional shares has been discussed in the BTC-TC threads a bit. The problem (beyond the mammoth coding project that it would be) is that to pull it off the exchange itself would have to actually hold full shares enough to cover any fractional shares outstanding. Essentially, the exchange would have to charge a premium to cover the exposure to someone buying 1/100th of a share in decline because the potential losses for the exchange are significant if played out across multiple assets.
I suggest you enable trading of fractional shares rather than allowing the creation of a passthrough for the passthrough.
I voted yes to all three motions as well. Great work as always burnside.
Voted yes to all, keep it up!
I have posted 3 motions.
One removes some superfluous pre-IPO terms.
One updates (mostly removes or reduces) share transfer fees.
One removes the management fee as long as I am majority owner of BTC Trading Corp.
The latter two are worded such that they are an improvement on the current terms in all situations for everyone involved.
https://btct.co/security/ASICMINER-PT (motions tab)
Cheers.
One removes some superfluous pre-IPO terms.
One updates (mostly removes or reduces) share transfer fees.
One removes the management fee as long as I am majority owner of BTC Trading Corp.
The latter two are worded such that they are an improvement on the current terms in all situations for everyone involved.
https://btct.co/security/ASICMINER-PT (motions tab)
Cheers.
Excellent motions, keep up the good work!!!
abit confusing do you mean the same by maintanance fee and management fee?
or are you talking about 2 different fees
or are you talking about 2 different fees
Doh, both should have read "management". I'll fix that in the contract if the motion passes.
abit confusing do you mean the same by maintanance fee and management fee?
or are you talking about 2 different fees
or are you talking about 2 different fees
I have posted 3 motions.
One removes some superfluous pre-IPO terms.
One updates (mostly removes or reduces) share transfer fees.
One removes the management fee as long as I am majority owner of BTC Trading Corp.
The latter two are worded such that they are an improvement on the current terms in all situations for everyone involved.
https://btct.co/security/ASICMINER-PT (motions tab)
Cheers.
One removes some superfluous pre-IPO terms.
One updates (mostly removes or reduces) share transfer fees.
One removes the management fee as long as I am majority owner of BTC Trading Corp.
The latter two are worded such that they are an improvement on the current terms in all situations for everyone involved.
https://btct.co/security/ASICMINER-PT (motions tab)
Cheers.
I've put together a google spreadsheet to help track the price of trades in ASICMINER-PT on BTCTC
It charts the share price for the last 1000, last 250 and all trades. Although a bit basic, it can update/refresh with market data from the BTCTC API. To do this save a copy to your google drive, and select >Data Retrieval > Pull data....
As mentioned, a little basic, please pm me any comments or improvements
It charts the share price for the last 1000, last 250 and all trades. Although a bit basic, it can update/refresh with market data from the BTCTC API. To do this save a copy to your google drive, and select >Data Retrieval > Pull data....
As mentioned, a little basic, please pm me any comments or improvements
requested to have my 48shares moved into btct.co, PMed friedcat already, wasn't sure whats meant with publicly notify him, but posting it here to make sure.
Sorry about that, I went ahead and edited that post, here's the updated version.
1) Publicly notify Friedcat of the transfer to me, wait for Friedcat to acknowledge. (edit: you can PM him, cc "burnside")
2) Pay the 0.5 BTC fee per the ASICMINER-PT contract. (edit: free now)
3) I will transfer you shares of ASICMINER-PT on BTCT 1 to 1 for your ASICMINER shares.
3) I will transfer you shares of ASICMINER-PT on BTCT 1 to 1 for your ASICMINER shares.
The best instructions though are in the OP, right at the top of page 1.
Cheers.
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