That's a good idea Epoch! I wonder how many people withdraw their full amount each week?
Inaba, for those shareholders who can support their claimed holdings through blockchain transactions to your satisfaction, would you consider re-starting dividend payments to them ... or do you think it would be better to wait? 
Topic: [GLBSE] BFLS.RIG - BFL Hardware mining & Sales - page 14. (Read 28469 times)
That's a good idea Epoch! I wonder how many people withdraw their full amount each week?
Server: I have actually been working quite a bit on an automated payment program for BFLS shares. It is, for the most part, ready to go, I just need to get verified share information. I have run a number of tests on it and it's been working fine through the built in bitcoind sendmany rpc call. The only thing I need now is verified share data; I put that in the DB backing the program and everyone gets paid properly each week (I will probably increase that from weekly to every couple days actually, since it's all automated).
I have not been idle since GLBSE went down.
Server: I have actually been working quite a bit on an automated payment program for BFLS shares. It is, for the most part, ready to go, I just need to get verified share information. I have run a number of tests on it and it's been working fine through the built in bitcoind sendmany rpc call. The only thing I need now is verified share data; I put that in the DB backing the program and everyone gets paid properly each week (I will probably increase that from weekly to every couple days actually, since it's all automated).
I have not been idle since GLBSE went down.
I'm hoping that the data will come through, otherwise I may have to look at what data I have and if it matches up close enough with what I think it should be, just pay people out of that, but I really want to avoid that, because there will inevitably end up people complaining about something.
Yes, that would surely be welcomed by the shareholders ... It may be difficult to sort out the honest shareholders from false claims: if BFLS has issued 15k shares, and you get 20k shares worth of claims, there is a problem since 5k of those claims are fraudulent.There may be a way to support (if not outright prove) at least some peoples' holdings: in my case, for example, I have withdrawn the entire weekly dividend payment from BFLS to the same wallet address. Those transactions are in the blockchain. If you take those payments, divide by the dividend/share award from BFLS during that week, you will get the # of shares I owned at that time. In my case, I have always had the same # of shares so that calculation will return the same number week to week ... up until the very last GLBSE payment before closure.
So I think anyone in a similar situation (withdraws full amount weekly to same address; share calculation returns same # each week) can reasonably demonstrate how many shares they owned. Not 'proof', to be sure, but that's the best I can come up with at the moment. What do you think of this idea?
Server, most BFLS shareholders are in the same boat as you. I sympathize. But you need to realize that ANYONE can create or modify a .csv file to 'prove' anything they want (and I am not suggesting you have done so). I hate to say it, but the fact that you have a .csv file proves nothing about how many shares you currently have, or how many you may or may not have purchased or sold over time.
I purchased pre-IPO BFLS shares directly from Josh; he and I both know how many I purchased. I still have them all. But can I prove that I haven't sold them (or added to them) in the time since then? Not with a .csv file that anyone may have created or modified.
Unless that asset information comes directly from James, it is going to be difficult (but perhaps not impossible; at least in some cases) to prove who has what. A .csv file provided by the 'shareholder' is not proof of anything, I'm afraid.
I purchased pre-IPO BFLS shares directly from Josh; he and I both know how many I purchased. I still have them all. But can I prove that I haven't sold them (or added to them) in the time since then? Not with a .csv file that anyone may have created or modified.
Unless that asset information comes directly from James, it is going to be difficult (but perhaps not impossible; at least in some cases) to prove who has what. A .csv file provided by the 'shareholder' is not proof of anything, I'm afraid.
I'm not convinced Josh is trying very hard
I have been pursuing other avenues of acquiring the information, but so far they've been fruitless.
I'm hoping that the data will come through, otherwise I may have to look at what data I have and if it matches up close enough with what I think it should be, just pay people out of that, but I really want to avoid that, because there will inevitably end up people complaining about something.
I'm hoping that the data will come through, otherwise I may have to look at what data I have and if it matches up close enough with what I think it should be, just pay people out of that, but I really want to avoid that, because there will inevitably end up people complaining about something.
Understand you want to avoid this also because it involves a lot of work.
But I think it would be wise to come up with decent plan and timetable to avoid problems with your shareholders.
I can see this waiting game is working out fine for you and Nefario, but you play with other peoples money.
What did your lawyer say ?
We had contact before IPO and I paid with BTC and $ to your bankaccount, after this you transfered the shares to my account.
How would he know that you didn't later sell them?
Because I have complete account GLBSE history of every single transaction to proove this.
"account_history.csv" -> [type,timestamp,btc_amount,asset,quantity,account,address,fee_note]
Josh can check everything.
I purchased BFLS shares directly from Josh; he and I both know how many I purchased. I still have them all. But can I prove that I haven't sold them (or added to them) in the time since then? Not with a .csv file that anyone may have created or modified.
Unless that asset information comes directly from James, it is going to be difficult (but perhaps not impossible; at least in some cases) to prove who has what. A .csv file provided by the 'shareholder' is not proof of anything, I'm afraid.
I have been pursuing other avenues of acquiring the information, but so far they've been fruitless.
I'm hoping that the data will come through, otherwise I may have to look at what data I have and if it matches up close enough with what I think it should be, just pay people out of that, but I really want to avoid that, because there will inevitably end up people complaining about something.
I'm hoping that the data will come through, otherwise I may have to look at what data I have and if it matches up close enough with what I think it should be, just pay people out of that, but I really want to avoid that, because there will inevitably end up people complaining about something.
We had contact before IPO and I paid with BTC and $ to your bankaccount, after this you transfered the shares to my account.
How would he know that you didn't later sell them?
Because I have complete account GLBSE history of every single transaction to proove this.
"account_history.csv" -> [type,timestamp,btc_amount,asset,quantity,account,address,fee_note]
Josh can check everything.
We had contact before IPO and I paid with BTC and $ to your bankaccount, after this you transfered the shares to my account.
How would he know that you didn't later sell them?
There is nothing I can do until GLBSE gives me the information. I'm not sure what updates you want: nothing has changes as of yet thus no updates. If something happens in that sphere, I will be here providing an update.
I would like to know for example what steps you took to get the information you need. Besides asking Nef friendly in an email...
I bought shares from you and you're the one that refuses to pay dividend.
You know the number of shares I bought from you. I have screenshots and glbse csv backup data.
We had contact before IPO and I paid with BTC and $ to your bankaccount, after this you transfered the shares to my account.
There is nothing I can do until GLBSE gives me the information. I'm not sure what updates you want: nothing has changes as of yet thus no updates. If something happens in that sphere, I will be here providing an update.
Josh, I know you're busy with everything you do over at the Butterfly Labs company but don't you feel
the need to inform your shareholders of the BFLS & BLFS.RIG company about your actions against GLBSE/Nefario ?
Another month passed and all we know is that you wrote one mail to Nefario.
I do not need to remind you that we bought shares from you and you're responsable.
the need to inform your shareholders of the BFLS & BLFS.RIG company about your actions against GLBSE/Nefario ?
Another month passed and all we know is that you wrote one mail to Nefario.
I do not need to remind you that we bought shares from you and you're responsable.
As soon as GLBSE releases the asset info, it won't matter. I requested the info in case GLBSE doesn't come through. Supposedly they are suppose to be releasing it.
I will also need the BTC address to send weekly payments to, which I don't think will be included in the GLBSE data.
I have the script mostly done to automate the weekly payments, so it shouldn't be much of a transition once I have the data. As a side note, I will be selling more stake in the upcoming ASIC hardware, if anyone is interested in a large chunk purchase, I would potentially be interested in that. However, I don't want to sell a bunch of small chunks, as it's just too much hassle, so minimum order would be at least 100 shares. I haven't decided how much, if any, I am going to sell on the ASIC rigs yet.
I will also need the BTC address to send weekly payments to, which I don't think will be included in the GLBSE data.
I have the script mostly done to automate the weekly payments, so it shouldn't be much of a transition once I have the data. As a side note, I will be selling more stake in the upcoming ASIC hardware, if anyone is interested in a large chunk purchase, I would potentially be interested in that. However, I don't want to sell a bunch of small chunks, as it's just too much hassle, so minimum order would be at least 100 shares. I haven't decided how much, if any, I am going to sell on the ASIC rigs yet.
What about those who cannot remember exact number of shares ? Would "a few" do ? And why do you even need to confirm emails and addresses sent to you by glbse ?
If you haven't already, you may want to visit GLBSE and put your name in to release the info for the asserts to me.
If you don't do this, I'm not sure I will be able to verify the number of shares you are holding of BFLS and BFLS.RIG. I am not recommending you do this, because who knows what they will do with that information, but I've done it and hopefully we'll get some sort of resolution soon.
If you don't do this, I'm not sure I will be able to verify the number of shares you are holding of BFLS and BFLS.RIG. I am not recommending you do this, because who knows what they will do with that information, but I've done it and hopefully we'll get some sort of resolution soon.
Once you convert all BFLS to BFLS.RIG it may make sense to lock the BFLS thread with a message for people to come here instead. In the BFLS.RIG OP you could put a link to the old BFLS thread for people to refer to if desired ... there may still be some useful history there.
Yeah, the numbers were off and I'm reworking them... the other thread had some details... I wish I could merge these two threads.
BFLS and BFLS.RIG will be combined into one payment, and BFLS "shares" will be converted into BFLS.RIG "shares" at a rate of 1.21:1, so for every 1.21 "shares" of BFLS you own, you will get 1 "share" of BFLS.RIG - this is because the monetary value of BFLS.RIG is slightly more than BFLS. This actually works out well, as I was intending to upgrade the singles to an ASIC minirig anyway, doing away with BFLS all together.
I'm not sure if this analysis is correct (you may have it backwards). Unless I am misunderstanding something, I believe 1 BLFS share is worth more than 1 BFLS.RIG share. Consider:BFLS (1 Single/200 shares): $600/200 = $3 per BFLS share
BFLS.RIG (1 MiniRig/6058 shares): $15295/6058) = $2.52 per BFLS.RIG share
This indicates that a BFLS share is worth more (about 1.19x) than a BFLS.RIG share.
So, for example, converting 100 shares of BFLS should yield 119 BFLS.RIG shares. This would represent fair hardware value.
Yep, you're welcome to redeem them for physical hardware at any time.
Sorry, you can email me at: [email protected]
Sorry, you can email me at: [email protected]
Hi inaba
Thanks for the update which sounds good and will work out well for me. Seems like these assets will be managed more like a mining Co-op.
Once BFLS and BFLS.RIG have been combined in to asset will these still be redeamable for physcial hardware?
Have you worked out the ammount of coupons per phsyical device?
Where will find your email address?
Thanks for the update which sounds good and will work out well for me. Seems like these assets will be managed more like a mining Co-op.
Once BFLS and BFLS.RIG have been combined in to asset will these still be redeamable for physcial hardware?
Have you worked out the ammount of coupons per phsyical device?
Where will find your email address?
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