FeedZeBirds UPDATE Feb 9, 2013 - page 8.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: unclescrooge on May 24, 2012, 02:04:07 PM

Quote from: ShireSilver on May 24, 2012, 01:04:16 PM

I'm somewhat surprised there isn't more excitement for something that isn't pirate related, but glad that it looks like I'll get all the shares I can afford.

The more real businesses we get on the exchange, the better.

+1

I was interested, but the company is vastly overvalued, IMO. I think when I calculated it, the per-share IPO puts the valuation of the company at $43,000 or so. It's just not worth that much given the past earnings.

ShireSilver

sr. member

Activity: 382

Merit: 253

Quote from: jackmaninov on May 24, 2012, 02:29:49 PM

Quote from: ShireSilver on May 24, 2012, 01:30:42 PM

Quote from: bearbones on May 24, 2012, 01:08:58 PM

We made a new campaign for a last minute marketing push. Everyone tweet! http://www.feedzebirds.com/3g9lk

I really like that you can retweet this and have the proceeds go straight into your GLBSE account where you can use it to buy FZB. You can bootstrap into bitcoin stock ownership without ever having your own wallet!

I wouldn't count on being paid out in time... Wink

I'm definitely not, but it is interesting that there's multiple ways to get free or cheap bitcoins (admittedly in small amounts) and you can invest them in small amounts for some good returns. And all without needing a wallet of your own. Kinda reminds me of playing that Neuromancer game, where you started off waking up in a plate of spaghetti and have to build your way back up, bootstrapping a small start and growing it.

jackmaninov

full member

Activity: 139

Merit: 100

Quote from: bearbones on May 24, 2012, 02:31:20 PM

The shares are in the wild. Have fun. Cheesy

Congrats to all (especially Nefario) for a smooth IPO.

bearbones

sr. member

Activity: 316

Merit: 250

The shares are in the wild. Have fun. Cheesy

jackmaninov

full member

Activity: 139

Merit: 100

Quote from: ShireSilver on May 24, 2012, 01:30:42 PM

Quote from: bearbones on May 24, 2012, 01:08:58 PM

We made a new campaign for a last minute marketing push. Everyone tweet! http://www.feedzebirds.com/3g9lk

I really like that you can retweet this and have the proceeds go straight into your GLBSE account where you can use it to buy FZB. You can bootstrap into bitcoin stock ownership without ever having your own wallet!

I wouldn't count on being paid out in time... Wink

jackmaninov

full member

Activity: 139

Merit: 100

Quote from: bearbones on May 24, 2012, 02:14:11 PM

I love that about pricing in Bitcoin. Granularity is important. If the purpose of the market is to find the right price, then how much more right is the price when it is accurate to a an extra 6 decimal places?

It still makes things annoying given how flaky GLBSE can be under load, or when IPOs don't actually release their shares on time (since its a manual operation).

bearbones

sr. member

Activity: 316

Merit: 250

Quote from: jackmaninov on May 24, 2012, 02:09:52 PM

In a real stock market priority going to early bids is important, but on GLBSE people can simply outbid you by 1 satoshi and get priority. Bidding 1 satoshi higher on an order of 1000 shares stills costs you well under $0.01, so there's no real reason not to do it. The result is that the practical cost of sniping shares is zero.

I love that about pricing in Bitcoin. Granularity is important. If the purpose of the market is to find the right price, then how much more right is the price when it is accurate to a an extra 6 decimal places?

jackmaninov

full member

Activity: 139

Merit: 100

Quote from: bitfoo on May 24, 2012, 01:57:35 PM

Quote from: minimalB on May 24, 2012, 01:52:45 PM

Aha, Thanks for info DeaDTerra. I thought the sistem is time related (early placed bids are first to be executed).

I believe that's true too. For bids that are at the same price, earlier ones get priority.

In a real stock market priority going to early bids is important, but on GLBSE people can simply outbid you by 1 satoshi and get priority. Bidding 1 satoshi higher on an order of 1000 shares stills costs you well under $0.01, so there's no real reason not to do it. The result is that the practical cost of sniping shares is zero.

unclescrooge

hero member

Activity: 868

Merit: 1000

Quote from: ShireSilver on May 24, 2012, 01:04:16 PM

I'm somewhat surprised there isn't more excitement for something that isn't pirate related, but glad that it looks like I'll get all the shares I can afford.

The more real businesses we get on the exchange, the better.

+1

bitfoo

donator

Activity: 289

Merit: 250

Quote from: minimalB on May 24, 2012, 01:52:45 PM

Aha, Thanks for info DeaDTerra. I thought the sistem is time related (early placed bids are first to be executed).

I believe that's true too. For bids that are at the same price, earlier ones get priority.

DeaDTerra

donator

Activity: 1064

Merit: 1000

Quote from: minimalB on May 24, 2012, 01:52:45 PM

Aha, Thanks for info DeaDTerra. I thought the sistem is time related (early placed bids are first to be executed).

No it's price that decides who gets the shares

//DeaDTerra

minimalB

donator

Activity: 674

Merit: 523

Aha, Thanks for info DeaDTerra. I thought the sistem is time related (early placed bids are first to be executed).

DeaDTerra

donator

Activity: 1064

Merit: 1000

Quote from: bitfoo on May 24, 2012, 01:39:09 PM

Quote from: DeaDTerra on May 24, 2012, 01:35:02 PM

Quote from: minimalB on May 24, 2012, 01:32:31 PM

Can someone please tell me why are there bids higher than 0.08667? Is there any advantage in doing that? Thanks.

It guarantees that you get the shares if there's enough bids to buy all the shares that are being issued
But as this is not the case it has no advantage.
//DeaDTerra

You can't be sure of that yet. IPOs tend to get sniped at the last moment quite often.

True, I just stated the case at it was at that moment

//DeaDTerra

bitfoo

donator

Activity: 289

Merit: 250

Quote from: DeaDTerra on May 24, 2012, 01:35:02 PM

Quote from: minimalB on May 24, 2012, 01:32:31 PM

Can someone please tell me why are there bids higher than 0.08667? Is there any advantage in doing that? Thanks.

It guarantees that you get the shares if there's enough bids to buy all the shares that are being issued
But as this is not the case it has no advantage.
//DeaDTerra

You can't be sure of that yet. IPOs tend to get sniped at the last moment quite often.

DeaDTerra

donator

Activity: 1064

Merit: 1000

Quote from: minimalB on May 24, 2012, 01:32:31 PM

Can someone please tell me why are there bids higher than 0.08667? Is there any advantage in doing that? Thanks.

It guarantees that you get the shares if there's enough bids to buy all the shares that are being issued
But as this is not the case it has no advantage.
//DeaDTerra

bearbones

sr. member

Activity: 316

Merit: 250

Quote from: ShireSilver on May 24, 2012, 01:30:42 PM

Quote from: bearbones on May 24, 2012, 01:08:58 PM

We made a new campaign for a last minute marketing push. Everyone tweet! http://www.feedzebirds.com/3g9lk

I really like that you can retweet this and have the proceeds go straight into your GLBSE account where you can use it to buy FZB. You can bootstrap into bitcoin stock ownership without ever having your own wallet!

With a 6 conf requirement, and 1 hour left, this is your last chance to get the money in time.

Quote from: minimalB on May 24, 2012, 01:32:31 PM

Can someone please tell me why are there bids higher than 0.08667? Is there any advantage in doing that? Thanks.

I was wondering that myself...

minimalB

donator

Activity: 674

Merit: 523

Can someone please tell me why are there bids higher than 0.08667? Is there any advantage in doing that? Thanks.

ShireSilver

sr. member

Activity: 382

Merit: 253

Quote from: bearbones on May 24, 2012, 01:08:58 PM

We made a new campaign for a last minute marketing push. Everyone tweet! http://www.feedzebirds.com/3g9lk

I really like that you can retweet this and have the proceeds go straight into your GLBSE account where you can use it to buy FZB. You can bootstrap into bitcoin stock ownership without ever having your own wallet!

bearbones

sr. member

Activity: 316

Merit: 250

Quote from: ShireSilver on May 24, 2012, 01:04:16 PM

I'm somewhat surprised there isn't more excitement for something that isn't pirate related, but glad that it looks like I'll get all the shares I can afford.

The more real businesses we get on the exchange, the better.

I think they're all being quiet in hopes of the same. Wink

We made a new campaign for a last minute marketing push. Everyone tweet! http://www.feedzebirds.com/3g9lk

ShireSilver

sr. member

Activity: 382

Merit: 253

I'm somewhat surprised there isn't more excitement for something that isn't pirate related, but glad that it looks like I'll get all the shares I can afford.

The more real businesses we get on the exchange, the better.

Topic: FeedZeBirds UPDATE Feb 9, 2013 - page 8. (Read 23874 times)