Topic: Diablo Mining Company - page 6. (Read 96412 times)
Just did the transfer. Please CC me to PM to friedcat. Thanks and good luck.
Grr... I am not telling you not to follow regulations. I am telling you that the deal you put on the table is shit.
Let's recollect.
1) You took people's money, lost it and blamed nefario for your fuck up (for some reason all other corps are doing fine)
2) You promised to do buyback but you don't want to do that anymore because "fuck it?"
3) You ripped people of their BTCMC equity because you "feel" they are valueless
4) Your trade back is not fair because you force people to accept your rounding policy.
5) You change the rules mid-game whenever you feel like it regardless of what you put down in writing.
Now, you want to extend this sweet deal further by doing this bond thing and paying back in fiat 5 years from now when BTC will be worth way more than that.
Anyway I made you a fair offer in PM.
Let's recollect.
1) You took people's money, lost it and blamed nefario for your fuck up (for some reason all other corps are doing fine)
2) You promised to do buyback but you don't want to do that anymore because "fuck it?"
3) You ripped people of their BTCMC equity because you "feel" they are valueless
4) Your trade back is not fair because you force people to accept your rounding policy.
5) You change the rules mid-game whenever you feel like it regardless of what you put down in writing.
Now, you want to extend this sweet deal further by doing this bond thing and paying back in fiat 5 years from now when BTC will be worth way more than that.
Anyway I made you a fair offer in PM.
1) 405.34 to 680.34 BTC were still owed as of the end of April. Using a 1.1 BTC value per ASICMINER share and 246 ASICMINER shares have already been traded (our largest shareholder took choice A), an additional 270.60 BTC has been paid back. At minimum 123 and at maximum 373 shares of ASICMINER clears what was originally invested into DMC. There are still 382 ASICMINER shares, worth 420.20 BTC, left. There was between 1691 and 1966 BTC invested into DMC. That is between a 21% and 25% return on investment.
tl;dr: You made a profit, and you will continue to make a profit with ASICMINER shares.
2) I was participating in a buyback because I was hoping there could be a smooth transition from DMC 1.0 to 2.0, and there cannot be one. nefario gave out a lot of bad advice saying that he got it from his lawyer. I do not believe he had a lawyer, and I believe he acted in bad faith. We collectively pay the penalty for that.
3) I believe BTCMC has been a failure because yochdog relied on BFL units that may never arrived, and if they do they may not turn a profit by the time they arrive. There is no equity, the assets BTCMC holds are worthless (again, if they exist at all, BFL has not sufficiently proved they have the capacity to produce units), and BTCMC is not currently being traded.
4 and 5) This entire thing isn't fair, the whole 9 yards. DMC was supposed to be a company that would show off the strengths of Bitcoin, and thanks to nefario it cannot get there from here. You are getting a better deal out of it, you now can own ASICMINER shares directly and reap all of the dividend instead of half.
Also, this has been a common request to put the deal back on the table now that ASICMINER is not starting a trading platform and relying on the passthrus instead. You have been outvoted by the majority of shareholders on this one.
I think exclude DMC's shares on BTCMC, that currently there are 10657 shares of DMC on trade.. and it is means 10657/1000. each 10.657 shares equal to 1 shares of ASICMINER, it means if all shares had agree that subscribe 11 for 1 , then total you only send out 968, and another 32 is still in your hand.. I think you did not use the dividend from MAY to buy back any shares.. this amount also another 18.367 bitcoin. to be fair enough ,this policy is just push people to alows you take assets from them...and about choice B , five years maturity time just ridiculos. I hope if you are honesty people. You should spend this dividend first to buy back some shares, until total shares become 10K in total, then give a choice which is 10 shares of DMC for 1 Shares of ASICMINER....it would be mre fair...as I really didn't see any current amount of shares had decrease yet, since last dividend.
I seriously suggest if you look how startups are invested. They frequently do not finish paying off what they owe for a significant period of time and frequently often the time they become profitable.
May has not paid a dividend yet, so no, no shares have been bought back for May yet. That will happen later this month.
Sorry my mistake,I mean the dividend from last april...I just did a calculation if I accpet either two options, I will lose money (for Choice A and for Choice B I take imprevision risk (sorry I don't like this risk)...I think I will still waiting for the answer from BTCMC...I hope they will finaly start up.... If I made final decision before 6/30 I still can convert my DMC shares into AS, is that right?
You mean AM, and yes, I've stopped the clock.
Grr... I am not telling you not to follow regulations. I am telling you that the deal you put on the table is shit.
Let's recollect.
1) You took people's money, lost it and blamed nefario for your fuck up (for some reason all other corps are doing fine)
2) You promised to do buyback but you don't want to do that anymore because "fuck it?"
3) You ripped people of their BTCMC equity because you "feel" they are valueless
4) Your trade back is not fair because you force people to accept your rounding policy.
5) You change the rules mid-game whenever you feel like it regardless of what you put down in writing.
Now, you want to extend this sweet deal further by doing this bond thing and paying back in fiat 5 years from now when BTC will be worth way more than that.
Anyway I made you a fair offer in PM.
Let's recollect.
1) You took people's money, lost it and blamed nefario for your fuck up (for some reason all other corps are doing fine)
2) You promised to do buyback but you don't want to do that anymore because "fuck it?"
3) You ripped people of their BTCMC equity because you "feel" they are valueless
4) Your trade back is not fair because you force people to accept your rounding policy.
5) You change the rules mid-game whenever you feel like it regardless of what you put down in writing.
Now, you want to extend this sweet deal further by doing this bond thing and paying back in fiat 5 years from now when BTC will be worth way more than that.
Anyway I made you a fair offer in PM.
1) 405.34 to 680.34 BTC were still owed as of the end of April. Using a 1.1 BTC value per ASICMINER share and 246 ASICMINER shares have already been traded (our largest shareholder took choice A), an additional 270.60 BTC has been paid back. At minimum 123 and at maximum 373 shares of ASICMINER clears what was originally invested into DMC. There are still 382 ASICMINER shares, worth 420.20 BTC, left. There was between 1691 and 1966 BTC invested into DMC. That is between a 21% and 25% return on investment.
tl;dr: You made a profit, and you will continue to make a profit with ASICMINER shares.
2) I was participating in a buyback because I was hoping there could be a smooth transition from DMC 1.0 to 2.0, and there cannot be one. nefario gave out a lot of bad advice saying that he got it from his lawyer. I do not believe he had a lawyer, and I believe he acted in bad faith. We collectively pay the penalty for that.
3) I believe BTCMC has been a failure because yochdog relied on BFL units that may never arrived, and if they do they may not turn a profit by the time they arrive. There is no equity, the assets BTCMC holds are worthless (again, if they exist at all, BFL has not sufficiently proved they have the capacity to produce units), and BTCMC is not currently being traded.
4 and 5) This entire thing isn't fair, the whole 9 yards. DMC was supposed to be a company that would show off the strengths of Bitcoin, and thanks to nefario it cannot get there from here. You are getting a better deal out of it, you now can own ASICMINER shares directly and reap all of the dividend instead of half.
Also, this has been a common request to put the deal back on the table now that ASICMINER is not starting a trading platform and relying on the passthrus instead. You have been outvoted by the majority of shareholders on this one.
I think exclude DMC's shares on BTCMC, that currently there are 10657 shares of DMC on trade.. and it is means 10657/1000. each 10.657 shares equal to 1 shares of ASICMINER, it means if all shares had agree that subscribe 11 for 1 , then total you only send out 968, and another 32 is still in your hand.. I think you did not use the dividend from MAY to buy back any shares.. this amount also another 18.367 bitcoin. to be fair enough ,this policy is just push people to alows you take assets from them...and about choice B , five years maturity time just ridiculos. I hope if you are honesty people. You should spend this dividend first to buy back some shares, until total shares become 10K in total, then give a choice which is 10 shares of DMC for 1 Shares of ASICMINER....it would be mre fair...as I really didn't see any current amount of shares had decrease yet, since last dividend.
I seriously suggest if you look how startups are invested. They frequently do not finish paying off what they owe for a significant period of time and frequently often the time they become profitable.
May has not paid a dividend yet, so no, no shares have been bought back for May yet. That will happen later this month.
Sorry my mistake,I mean the dividend from last april...I just did a calculation if I accpet either two options, I will lose money (for Choice A and for Choice B I take imprevision risk (sorry I don't like this risk)...I think I will still waiting for the answer from BTCMC...I hope they will finaly start up.... If I made final decision before 6/30 I still can convert my DMC shares into AS, is that right?
Grr... I am not telling you not to follow regulations. I am telling you that the deal you put on the table is shit.
Let's recollect.
1) You took people's money, lost it and blamed nefario for your fuck up (for some reason all other corps are doing fine)
2) You promised to do buyback but you don't want to do that anymore because "fuck it?"
3) You ripped people of their BTCMC equity because you "feel" they are valueless
4) Your trade back is not fair because you force people to accept your rounding policy.
5) You change the rules mid-game whenever you feel like it regardless of what you put down in writing.
Now, you want to extend this sweet deal further by doing this bond thing and paying back in fiat 5 years from now when BTC will be worth way more than that.
Anyway I made you a fair offer in PM.
Let's recollect.
1) You took people's money, lost it and blamed nefario for your fuck up (for some reason all other corps are doing fine)
2) You promised to do buyback but you don't want to do that anymore because "fuck it?"
3) You ripped people of their BTCMC equity because you "feel" they are valueless
4) Your trade back is not fair because you force people to accept your rounding policy.
5) You change the rules mid-game whenever you feel like it regardless of what you put down in writing.
Now, you want to extend this sweet deal further by doing this bond thing and paying back in fiat 5 years from now when BTC will be worth way more than that.
Anyway I made you a fair offer in PM.
1) 405.34 to 680.34 BTC were still owed as of the end of April. Using a 1.1 BTC value per ASICMINER share and 246 ASICMINER shares have already been traded (our largest shareholder took choice A), an additional 270.60 BTC has been paid back. At minimum 123 and at maximum 373 shares of ASICMINER clears what was originally invested into DMC. There are still 382 ASICMINER shares, worth 420.20 BTC, left. There was between 1691 and 1966 BTC invested into DMC. That is between a 21% and 25% return on investment.
tl;dr: You made a profit, and you will continue to make a profit with ASICMINER shares.
2) I was participating in a buyback because I was hoping there could be a smooth transition from DMC 1.0 to 2.0, and there cannot be one. nefario gave out a lot of bad advice saying that he got it from his lawyer. I do not believe he had a lawyer, and I believe he acted in bad faith. We collectively pay the penalty for that.
3) I believe BTCMC has been a failure because yochdog relied on BFL units that may never arrived, and if they do they may not turn a profit by the time they arrive. There is no equity, the assets BTCMC holds are worthless (again, if they exist at all, BFL has not sufficiently proved they have the capacity to produce units), and BTCMC is not currently being traded.
4 and 5) This entire thing isn't fair, the whole 9 yards. DMC was supposed to be a company that would show off the strengths of Bitcoin, and thanks to nefario it cannot get there from here. You are getting a better deal out of it, you now can own ASICMINER shares directly and reap all of the dividend instead of half.
Also, this has been a common request to put the deal back on the table now that ASICMINER is not starting a trading platform and relying on the passthrus instead. You have been outvoted by the majority of shareholders on this one.
I think exclude DMC's shares on BTCMC, that currently there are 10657 shares of DMC on trade.. and it is means 10657/1000. each 10.657 shares equal to 1 shares of ASICMINER, it means if all shares had agree that subscribe 11 for 1 , then total you only send out 968, and another 32 is still in your hand.. I think you did not use the dividend from MAY to buy back any shares.. this amount also another 18.367 bitcoin. to be fair enough ,this policy is just push people to alows you take assets from them...and about choice B , five years maturity time just ridiculos. I hope if you are honesty people. You should spend this dividend first to buy back some shares, until total shares become 10K in total, then give a choice which is 10 shares of DMC for 1 Shares of ASICMINER....it would be mre fair...as I really didn't see any current amount of shares had decrease yet, since last dividend.
I seriously suggest if you look how startups are invested. They frequently do not finish paying off what they owe for a significant period of time and frequently often the time they become profitable.
May has not paid a dividend yet, so no, no shares have been bought back for May yet. That will happen later this month.
Er, yes, I screwed up the math. Its been a long day on the phone with various people, oh well.
I don't mind rounding up to the next whole AM share for people trading in enough of them, thats fine. You don't have to be insulting about it, however.
So, until I figure out what to do with these BTCMC shares (yochdog said he'll allow me to auction them off, but only to a single party), I'll stop the 60 day clock.
I don't mind rounding up to the next whole AM share for people trading in enough of them, thats fine. You don't have to be insulting about it, however.
So, until I figure out what to do with these BTCMC shares (yochdog said he'll allow me to auction them off, but only to a single party), I'll stop the 60 day clock.
Hooray, now we can be friends again!
Didn't mean to be (too) insulting, just wanted to make you quickly see your egregious mistake by communicating in as brutally effective a way as possible.
I'm always bombastic, but when somebody messes with my precious BTC the vehement orneriness gets turned up to 11.
There's a lot of tough love in this thread; I feel you will be a better person for having endured it and come out ahead.
An auction *seems* like a good idea, but I want to keep my investment with Yochdog growing, not cash out right as we're maybe almost nearly on the cusp of BFL delivery.
Instead, I suggest spinning off DMC's BTCTC into a pass-through. That would let you reimburse the shareholders who've already traded out and provide much-needed liquidity, providing the option to sell to anyone who wishes to get out.
*hopes DMC goes to the moon*
PS nebulus - great job bringing the math and making our case incontrovertibly airtight. We're all going to profit from the clarity and revelations produced by today's conflict.
Simple. Make an auction for BTCMC/BTC-MINING shares. Pay a dividend with it. Then trade the shares for remaining AM shares or your bonds, whichever everyone wishes to choose.
I think this should satisfy everyone. Just be sure to make a news about it for current holders so they can bid.
I think this should satisfy everyone. Just be sure to make a news about it for current holders so they can bid.
Grr... I am not telling you not to follow regulations. I am telling you that the deal you put on the table is shit.
Let's recollect.
1) You took people's money, lost it and blamed nefario for your fuck up (for some reason all other corps are doing fine)
2) You promised to do buyback but you don't want to do that anymore because "fuck it?"
3) You ripped people of their BTCMC equity because you "feel" they are valueless
4) Your trade back is not fair because you force people to accept your rounding policy.
5) You change the rules mid-game whenever you feel like it regardless of what you put down in writing.
Now, you want to extend this sweet deal further by doing this bond thing and paying back in fiat 5 years from now when BTC will be worth way more than that.
Anyway I made you a fair offer in PM.
Let's recollect.
1) You took people's money, lost it and blamed nefario for your fuck up (for some reason all other corps are doing fine)
2) You promised to do buyback but you don't want to do that anymore because "fuck it?"
3) You ripped people of their BTCMC equity because you "feel" they are valueless
4) Your trade back is not fair because you force people to accept your rounding policy.
5) You change the rules mid-game whenever you feel like it regardless of what you put down in writing.
Now, you want to extend this sweet deal further by doing this bond thing and paying back in fiat 5 years from now when BTC will be worth way more than that.
Anyway I made you a fair offer in PM.
1) 405.34 to 680.34 BTC were still owed as of the end of April. Using a 1.1 BTC value per ASICMINER share and 246 ASICMINER shares have already been traded (our largest shareholder took choice A), an additional 270.60 BTC has been paid back. At minimum 123 and at maximum 373 shares of ASICMINER clears what was originally invested into DMC. There are still 382 ASICMINER shares, worth 420.20 BTC, left. There was between 1691 and 1966 BTC invested into DMC. That is between a 21% and 25% return on investment.
tl;dr: You made a profit, and you will continue to make a profit with ASICMINER shares.
2) I was participating in a buyback because I was hoping there could be a smooth transition from DMC 1.0 to 2.0, and there cannot be one. nefario gave out a lot of bad advice saying that he got it from his lawyer. I do not believe he had a lawyer, and I believe he acted in bad faith. We collectively pay the penalty for that.
3) I believe BTCMC has been a failure because yochdog relied on BFL units that may never arrived, and if they do they may not turn a profit by the time they arrive. There is no equity, the assets BTCMC holds are worthless (again, if they exist at all, BFL has not sufficiently proved they have the capacity to produce units), and BTCMC is not currently being traded.
4 and 5) This entire thing isn't fair, the whole 9 yards. DMC was supposed to be a company that would show off the strengths of Bitcoin, and thanks to nefario it cannot get there from here. You are getting a better deal out of it, you now can own ASICMINER shares directly and reap all of the dividend instead of half.
Also, this has been a common request to put the deal back on the table now that ASICMINER is not starting a trading platform and relying on the passthrus instead. You have been outvoted by the majority of shareholders on this one.
I think exclude DMC's shares on BTCMC, that currently there are 10657 shares of DMC on trade.. and it is means 10657/1000. each 10.657 shares equal to 1 shares of ASICMINER, it means if all shares had agree that subscribe 11 for 1 , then total you only send out 968, and another 32 is still in your hand.. I think you did not use the dividend from MAY to buy back any shares.. this amount also another 18.367 bitcoin. to be fair enough ,this policy is just push people to alows you take assets from them...and about choice B , five years maturity time just ridiculos. I hope if you are honesty people. You should spend this dividend first to buy back some shares, until total shares become 10K in total, then give a choice which is 10 shares of DMC for 1 Shares of ASICMINER....it would be mre fair...as I really didn't see any current amount of shares had decrease yet, since last dividend.
I would like to clear up the record here.
-BTCMC has 10,000 shares outstanding. No more, no less.
-I have an accurate listing of every single shareholder and an associated BTC address.
-BFL is late, but appears to be moving towards actual delivery.
-The ASIC units are paid for, thus ANY future production is "profit" in the sense that the cost is a sunk cost.
I disagree with any attempt by Diablo to assign "zero value" to DMC's holdings. I have no dog in this fight, as I am not a DMC shareholder.
Just the facts.
-BTCMC has 10,000 shares outstanding. No more, no less.
-I have an accurate listing of every single shareholder and an associated BTC address.
-BFL is late, but appears to be moving towards actual delivery.
-The ASIC units are paid for, thus ANY future production is "profit" in the sense that the cost is a sunk cost.
I disagree with any attempt by Diablo to assign "zero value" to DMC's holdings. I have no dog in this fight, as I am not a DMC shareholder.
Just the facts.
I'm sorry they dragged you over here.
1) Oops, thought it was 50k. My bad.
2) Yes, you do. No one was disputing this.
3) I do not think BFL will deliver in a timescale that will not see the combined effort of Avalon and ASICMINER make BFL units not worth even a fraction of what everyone paid for them.
4) Yes, but they will still not pay for themselves and will likely pay very little to DMC.
I think exclude DMC's shares on BTCMC, that currently there are 10657 shares of DMC on trade.. and it is means 10657/1000. each 10.657 shares equal to 1 shares of ASICMINER, it means if all shares had agree that subscribe 11 for 1 , then total you only send out 968, and another 32 is still in your hand.. I think you did not use the dividend from MAY to buy back any shares.. this amount also another 18.367 bitcoin. to be fair enough ,this policy is just push people to alows you take assets from them...and about choice B , five years maturity time just ridiculos. I hope if you are honesty people. You should spend this dividend first to buy back some shares, until total shares become 10K in total, then give a choice which is 10 shares of DMC for 1 Shares of ASICMINER....it would be mre fair...as I really didn't see any current amount of shares had decrease yet, since last dividend.
Dude wtf?
600 / 50000 TIMES 1000 = 12 and on... is the math
Times 1000 for per share? What are you on? Seriously, it looks like fun.
Okay... I'll do the math for you.
Debt: 600BTC
Total BTCMC: 10K
DMC holding: 1000
Total DMC: 10K
You get
600 / 10000 * 1000 / 10000 = 0.006 per DMC
I have 700 DMC shares and that makes 4.2 BTC of unrealized gains for me..
Anyway, man, I have made you a pretty good offer (I am asking 64 AM for 700 DMC). I don't want to deal with depositing anything extra into BitFunder to buy extra 4 shares to make it whole. You can have all the equity you call valueless for the price of 0.4 AM share.
As far as it's concerned the whole DMC thing ain't gonna happen. You don't have what it takes.
Er, yes, I screwed up the math. Its been a long day on the phone with various people, oh well.
I don't mind rounding up to the next whole AM share for people trading in enough of them, thats fine. You don't have to be insulting about it, however.
So, until I figure out what to do with these BTCMC shares (yochdog said he'll allow me to auction them off, but only to a single party), I'll stop the 60 day clock.
Dude wtf?
600 / 50000 TIMES 1000 = 12 and on... is the math
Times 1000 for per share? What are you on? Seriously, it looks like fun.
Okay... I'll do the math for you.
Debt: 600BTC
Total BTCMC: 10K
DMC holding: 1000
Total DMC: 10K
You get
600 / 10000 * 1000 / 10000 = 0.006 per DMC
I have 700 DMC shares and that makes 4.2 BTC of unrealized gains for me..
Anyway, man, I have made you a pretty good offer (I am asking 64 AM for 700 DMC). I don't want to deal with depositing anything extra into BitFunder to buy extra 4 shares to make it whole. You can have all the equity you call "valueless" for the price of 0.4 AM share.
As far as it's concerned the whole DMC thing ain't gonna happen. You don't have what it takes.
I would like to clear up the record here.
-BTCMC has 10,000 shares outstanding. No more, no less.
-I have an accurate listing of every single shareholder and an associated BTC address.
-BFL is late, but appears to be moving towards actual delivery.
-The ASIC units are paid for, thus ANY future production is "profit" in the sense that the cost is a sunk cost.
I disagree with any attempt by Diablo to assign "zero value" to DMC's holdings. I have no dog in this fight, as I am not a DMC shareholder.
Just the facts.
-BTCMC has 10,000 shares outstanding. No more, no less.
-I have an accurate listing of every single shareholder and an associated BTC address.
-BFL is late, but appears to be moving towards actual delivery.
-The ASIC units are paid for, thus ANY future production is "profit" in the sense that the cost is a sunk cost.
I disagree with any attempt by Diablo to assign "zero value" to DMC's holdings. I have no dog in this fight, as I am not a DMC shareholder.
Just the facts.
I'm sorry they dragged you over here.
1) Oops, thought it was 50k. My bad.
2) Yes, you do. No one was disputing this.
3) I do not think BFL will deliver in a timescale that will not see the combined effort of Avalon and ASICMINER make BFL units not worth even a fraction of what everyone paid for them.
4) Yes, but they will still not pay for themselves and will likely pay very little to DMC.
There is something like 50k shares of BTCMC, we have 1k.
600 / 50000 / 1000 = 0.000012 BTC per DMC share
Dude wtf?
600 / 50000 TIMES 1000 = 12 and on... is the math
Times 1000 for per share? What are you on? Seriously, it looks like fun.
I would like to clear up the record here.
-BTCMC has 10,000 shares outstanding. No more, no less.
-I have an accurate listing of every single shareholder and an associated BTC address.
-BFL is late, but appears to be moving towards actual delivery.
-The ASIC units are paid for, thus ANY future production is "profit" in the sense that the cost is a sunk cost.
I disagree with any attempt by Diablo to assign "zero value" to DMC's holdings. I have no dog in this fight, as I am not a DMC shareholder.
Just the facts.
-BTCMC has 10,000 shares outstanding. No more, no less.
-I have an accurate listing of every single shareholder and an associated BTC address.
-BFL is late, but appears to be moving towards actual delivery.
-The ASIC units are paid for, thus ANY future production is "profit" in the sense that the cost is a sunk cost.
I disagree with any attempt by Diablo to assign "zero value" to DMC's holdings. I have no dog in this fight, as I am not a DMC shareholder.
Just the facts.
TYVM for setting the record straight.
Diablow has really painted himself into a corner trying to pull fast one.
50,000 share, 10,000 shares...what's the difference when you're as good at math as Diablow.
He can either sell me the "worthless" shares or man up and lean into the oncoming Scammer Tag.
This whole '1000 BTCMC shares are worthless but I want to keep them for myself instead of selling them to a willing buyer' thing ain't gonna cut it!
Edit: Fuck you burnside! I bid BTC2.01.
There is something like 50k shares of BTCMC, we have 1k.
600 / 50000 / 1000 = 0.000012 BTC per DMC share
Dude wtf?
600 / 50000 TIMES 1000 = 12 and on... is the math
Thank you for the timely and well-considered response.
Since you believe DMC's 1000 shares of BTCMC are worthless, I will generously (pending Yochdog's approval) buy them immediately, or the right to own them when eventually transferable, for BTC1.0.
That is exactly BTC1.0 more than you think they are worth, so please do the right thing for DMC's long-suffering shareholders and recuperate some salvage value for them.
Since you believe DMC's 1000 shares of BTCMC are worthless, I will generously (pending Yochdog's approval) buy them immediately, or the right to own them when eventually transferable, for BTC1.0.
That is exactly BTC1.0 more than you think they are worth, so please do the right thing for DMC's long-suffering shareholders and recuperate some salvage value for them.
I bid BTC2.0
....
23 upgrade eligible BFL singles that may never be upgraded because BFL may never ship ASICs in time to be profitable.
$400/day of litecoin is less than 4 BTC, and we own a tiny tiny fraction of that.
600+ in dividends that we, too, own a tiny fraction of.
There is something like 50k shares of BTCMC, we have 1k.
600 / 50000 / 1000 = 0.000012 BTC per DMC share
4 a day / 50000 / 1000 = 0.00000008 BTC a day per DMC share
23 upgrade eligible BFL singles / 50000 / 1000 = 0.000000046 of one BFL single per DMC share
23 upgrade eligible BFL singles that may never be upgraded because BFL may never ship ASICs in time to be profitable.
$400/day of litecoin is less than 4 BTC, and we own a tiny tiny fraction of that.
600+ in dividends that we, too, own a tiny fraction of.
There is something like 50k shares of BTCMC, we have 1k.
600 / 50000 / 1000 = 0.000012 BTC per DMC share
4 a day / 50000 / 1000 = 0.00000008 BTC a day per DMC share
23 upgrade eligible BFL singles / 50000 / 1000 = 0.000000046 of one BFL single per DMC share
So, what you are actually saying is, YOU DID blunder spectacularly... AGAIN! and and now you big sick head tells you you can pocket those "worthless" shares of BTCMC etc.
23 upgrade eligible BFL singles that may never be upgraded because BFL may never ship ASICs in time to be profitable.
$400/day of litecoin is less than 4 BTC, and we own a tiny tiny fraction of that.
600+ in dividends that we, too, own a tiny fraction of.
There is something like 50k shares of BTCMC, we have 1k.
600 / 50000 / 1000 = 0.000012 BTC per DMC share
4 a day / 50000 / 1000 = 0.00000008 BTC a day per DMC share
23 upgrade eligible BFL singles / 50000 / 1000 = 0.000000046 of one BFL single per DMC share
$400/day of litecoin is less than 4 BTC, and we own a tiny tiny fraction of that.
600+ in dividends that we, too, own a tiny fraction of.
There is something like 50k shares of BTCMC, we have 1k.
600 / 50000 / 1000 = 0.000012 BTC per DMC share
4 a day / 50000 / 1000 = 0.00000008 BTC a day per DMC share
23 upgrade eligible BFL singles / 50000 / 1000 = 0.000000046 of one BFL single per DMC share
Thank you for the timely and well-considered response.
Since you believe DMC's 1000 shares of BTCMC are worthless, I will generously (pending Yochdog's approval) buy them immediately, or the right to own them when eventually transferable, for BTC1.0.
That is exactly BTC1.0 more than you think they are worth, so please do the right thing for DMC's long-suffering shareholders and recuperate some salvage value for them.
Fuck, not that shit AGAIN!
For misty eyed naive newcomers. BTW, this is not the first time when DiabloD3 fucks over his investors.
DiabloD3, blaming someone else for your stupid blunders got old about 30 pages ago.
For misty eyed naive newcomers. BTW, this is not the first time when DiabloD3 fucks over his investors.
DiabloD3, blaming someone else for your stupid blunders got old about 30 pages ago.
Again, you prove you can't do math.
ARE YOU REALLY SAYING 23 UPGRADE-ELIGIBLE BFL SINGLES ARE "WORTHLESS???"
ARE YOU REALLY SAYING $400/DAY OF LITECOIN MINING POWER IS "WORTHLESS???"
ARE YOU REALLY SAYING BTC600+ IN DIVIDENDS ACCUMULATED FOR REINVESTMENT IN ASICS ARE "WORTHLESS???"
WHO ARE YOU TRYING TO FOOL???
23 upgrade eligible BFL singles that may never be upgraded because BFL may never ship ASICs in time to be profitable.
$400/day of litecoin is less than 4 BTC, and we own a tiny tiny fraction of that.
600+ in dividends that we, too, own a tiny fraction of.
There is something like 50k shares of BTCMC, we have 1k.
600 / 50000 / 1000 = 0.000012 BTC per DMC share
4 a day / 50000 / 1000 = 0.00000008 BTC a day per DMC share
23 upgrade eligible BFL singles / 50000 / 1000 = 0.000000046 of one BFL single per DMC share
I would like to clear up the record here.
-BTCMC has 10,000 shares outstanding. No more, no less.
-I have an accurate listing of every single shareholder and an associated BTC address.
-BFL is late, but appears to be moving towards actual delivery.
-The ASIC units are paid for, thus ANY future production is "profit" in the sense that the cost is a sunk cost.
I disagree with any attempt by Diablo to assign "zero value" to DMC's holdings. I have no dog in this fight, as I am not a DMC shareholder.
Just the facts.
So based on 10k shares of BTCMC, per DMC share
600 / 10000 = 0.06 BTC per DMC share
4 a day / 10000 = 0.00004 BTC a day per DMC share
23 upgrade eligible BFL singles / 10000 = 0.0023 of one BFL single per DMC share
600 / 10000 = 0.06 BTC per DMC share
4 a day / 10000 = 0.00004 BTC a day per DMC share
23 upgrade eligible BFL singles / 10000 = 0.0023 of one BFL single per DMC share
Fuck, not that shit AGAIN!
For misty eyed naive newcomers. BTW, this is not the first time when DiabloD3 fucks over his investors.
DiabloD3, blaming someone else for your stupid blunders got old about 30 pages ago.
For misty eyed naive newcomers. BTW, this is not the first time when DiabloD3 fucks over his investors.
DiabloD3, blaming someone else for your stupid blunders got old about 30 pages ago.
Again, you prove you can't do math.
ARE YOU REALLY SAYING 23 UPGRADE-ELIGIBLE BFL SINGLES ARE "WORTHLESS???"
ARE YOU REALLY SAYING $400/DAY OF LITECOIN MINING POWER IS "WORTHLESS???"
ARE YOU REALLY SAYING BTC600+ IN DIVIDENDS ACCUMULATED FOR REINVESTMENT IN ASICS ARE "WORTHLESS???"
WHO ARE YOU TRYING TO FOOL???
Jump to: