Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) - page 28. (Read 290235 times)

agree
btw my withdrawal is done now

Round 2, Period 0, Day 5 Report - June 8, 2015

Balance Post Divs: BTC 228.01663240

Total Units: 1173

NAV/U: BTC 0.19438758

If it makes you guys feel any better, I'm waiting on a withdrawal from my personal account too 

Oh that, that has nothing to do with bdd, that's just slow and greedy ass havelock, still charging .001 fee for fast withdraws and dragging ass till they get ready to send it. Aka manual withdraws.  So much for there new automatic system.  Hope you weren't in a hurry.

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interesting.
just placed one too and until now as usual - got "will be processed shortly"...
well see.

What's up with withdrawals on your site? I've been waiting almost a day and just got a message that made no sense about withdrawing to 3rd parties?

Round 2, Period 0, Day 4 Report - June 7, 2015

Balance Post Divs: BTC 228.86535832

Total Units: 1171

NAV/U: BTC 0.19544437

Round 2, Period 0, Day 3 Report - June 6, 2015

Balance Post Divs: BTC 229.90633501

Total Units: 1170

NAV/U: BTC 0.19650114

Yes, that´s a hefty turnover in the exch already. Congratulations twentyseventy, this is off to a promising start.

Round 2, Period 0, Day 2 Report - June 5, 2015

Balance Post Divs: BTC 226.79711046

Total Units: 1148

NAV/U: BTC 0.19755845

Big volume yesterday! Looking forward to some more action on the MINE/SELL orderbooks-

Usually starts off slow, see some price discovery, and goes from there - It will be interesting!

So it begins again. Was in the first round only towards the end so I need to follow this one a bit to see how the opening game develops before going in. Good luck, g

Round 2, Period 0, Day 1 Report - June 4, 2015

Balance Post Divs: BTC 6.55493157

Total Units: 33

NAV/U: BTC 0.19863428

Round 2, Period 0, Day 0 Report - June 3, 2015

Balance Post Divs: BTC 4.79276276

Total Units: 24

NAV/U: BTC 0.19969844

Round 2 OPEN!

Round 2 of BDD is now open! Everything starts as a clean slate; there are currently 0 units of EXCH/MINE/SELL issued.

Each MINE will pay a daily dividend of the equivalent of 100GH/s, as opposed to last Round's 5GH/s.

Current MINE daily payout for this Difficulty Period: 0.00105675 BTC

EXCH will be sold, to start the Round, at 190 Days of Current Dividends plus 3.4%: 0.20760911 BTC

The Reserve (180 Days of Dividends), for reference, is 0.190215 BTC

Please BE SURE to see the main differences for this round below, and READ THE CONTRACT (on Havelock and in the OP) and be sure to fully understand it.

Please ask questions here if you have any!

Round 1 End - May 29, 2015


Final dividend of 0.00006365 per unit has been paid out to MINE. Trade has been stopped on EXCH, MINE, and SELL and will be bought back for 0.

Round 2 will start Monday or Tuesday of next week, I'll be sure to post here and announce on Havelock.

Thanks to everyone for playing!

Period 38, Day 11 Report - May 28, 2015

Balance Post Divs: BTC 19.16073100

Total Units: 301000

NAV/U: BTC 0.00006365


DAYS OF FULL DIVIDENDS LEFT: 1

Alright guys, this is nearly it! Second to last full dividend has been paid - Havelock will stop trade at Noon tomorrow; all units will be issued the full dividend plus the partial (final) dividend after that, or I will issue one combined dividend instead.

After all the funds are paid out, all MINE, SELL, and EXCH (shouldn't be any outstanding) will be bought back for 0 and the Round will be over!

Period 38, Day 10 Report - May 27, 2015

Balance Post Divs: BTC 30.11821009

Total Units: 261413

NAV/U: BTC 0.00011521


DAYS OF FULL DIVIDENDS LEFT: 2

Here's the update that will be published to Havelock today:

To all holders of B.MINE and B.SELL:

This is an update to the announcement from May 3, 2015:

As of today, May 26th, 2015, there are three days of full B.MINE dividends remaining. There is a partial dividend after that as well.

On this Friday May 29th, the BDD End Game will happen, in which BDD will not have enough funds on hand to pay out a full MINE dividend.

Trading on B.MINE, B.SELL, and B.EXCH will be halted at or around Noon on this Friday, May 29th. The last full dividend will be paid out to holder of MINE at or around Noon on this date.

After that, the total remaining funds on hand (less than a full daily dividend per unit) will be paid out to holders of B.MINE.

All units of B.MINE and B.SELL will then be bought back for 0 (ZERO).

In very explicit terms, the real value of B.SELL is 0. The value of B.MINE is approximately the last daily NAV/U published in the Bitcointalk thread (currently 0.00016668 BTC per unit).

Purchasing SELL at any value whatsoever, or purchasing MINE above this rate (until tomorrow’s dividends), and holding it until Friday, will result in an overall loss of value (you will lose money).

As I’ve said in the previous update – this is exactly how BDD was designed to work – the End Game, and all of the information here, is totally public and available to anyone.

If you have any questions, drop by the BDD Bitcointalk thread or email me at [email protected]

https://bitcointalksearch.org/topic/havelock-bitcoin-difficulty-derivative-bdd-430137

Happy speculating,
twentyseventy / 2070

Period 38, Day 5 Report - May 22, 2015

Balance Post Divs: BTC 57.37600301

Total Units: 155565

NAV/U: BTC 0.00036882


Period 38, Day 6 Report - May 23, 2015

Balance Post Divs: BTC 55.30417695

Total Units: 173678

NAV/U: BTC 0.00031842


Period 38, Day 7 Report - May 24, 2015

Balance Post Divs: BTC 51.70063880

Total Units: 193271

NAV/U: BTC 0.00026750

Period 38, Day 8 Report - May 25, 2015

Balance Post Divs: BTC 44.11386781

Total Units: 204209

NAV/U: BTC 0.00021602


Period 38, Day 9 Report - May 26, 2015

Balance Post Divs: BTC 39.34247932

Total Units: 236028

NAV/U: BTC 0.00016668


DAYS OF FULL DIVIDENDS LEFT: 3

Sure. Overall, it's a way for me to bring in a bit more revenue without substantially changing the model. I won't lie and say that this isn't the primary reason for the change. BDD ended up being a higher time commitment overall than it was planned to be. At first, I was just going to publish bi-weekly updates (which sounds laughable now). It also provides more steady revenue in times of lesser interest of BDD or in times when redemptions are more frequent than new sales (times of stability).

Secondarily, I do believe that it provides a more 'pure' version of the game - the NAV/U is much less flexible, as it's not affected by sales and redemptions. Basically, the NAV/U is going to get split between MINE and SELL somehow, but no more or no less.

The Round is made to be about six months; this last one came out to 16 months, which is a very long time in the BTC world - back then, BTC was $800 and Mt Gox was still around! I'd like to be able to have faster rounds to accommodate for possible changes in the market or ecosystem - I'd prefer not to hang on to money for over a year, really.

So, if the difficulty hangs around the same amount, yes, it will be a 'boring' round. But don't forget that only six months ago we had the first decrease in years. 12 months ago, the difficulty was clipping along at double digit increases. A lot can happen in six months.

Will post new contract and previous daily updates tonight; currently enjoying Memorial Day! Cheers, hope that this will be a good coming Round.