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Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) - page 67. (Read 290235 times)

legendary
Activity: 1386
Merit: 1000
Are you Deprived? You sound like him (and frankly, you act like him -- no offense).

I'll take that as a compliment - no, I'm not Deprived, though. I appreciate the comparison, however, because I believe that Deprived is a highly intelligent person. Still, we're very different in a number of ways.

He was British, loved soccer (football), and a had a bad habit of getting drunk and telling everyone how he really felt. I'm an American, not a huge soccer fan (College Football (American) for me), and I try to stay off the forums if I've been throwing a few back.

I really respect the model the Deprived created and the intelligence and creativity that was needed to do so - I feel that I'm riding on his coattails a bit in this respect.

However, I can say that I've been a better Fund Manager that he was, in many ways. Less mistakes, less hostility to the fund's participants and newbies, and generally being less hostile over all. I've clearly got no issue with speaking my mind, but I try to do it in a much more clear, concise, and less offensive manner.

Also, I'm still here, which obviously counts for a lot. As much respect I have for Deprived's intelligence, I really resent the fact that he's screwing over DMS holders - I don't own any DMS shares, but I had plenty of open bids for DMS products when BTCT closed. As many people do, I still have a lot of questions about DMS and Deprived's ties to Kate - the whole situation is still very strange.

I believe that DMS ran for right around four months, so I've actually been operating BDD for just as long / longer than Deprived managed DMS, which I think is pretty amusing.

Additionally, Deprived had been around in the BTC space before I even got started; I'm sure I own but a fraction of the BTC that Deprived and many other Senior / Hero Members around here own.
legendary
Activity: 1386
Merit: 1000
Period 12, Day 0 Report - June 6, 2014

Balance Post Divs: BTC 350.79706279

Total Units: 8242

NAV/U: BTC 0.04256212
vip
Activity: 812
Merit: 1000
13
Period 11 End Report - June 6, 2014


Previous Units              8552
EXCH Sold                   592
Less Buybacks              902
New Total Units            8242

Previous Balance          411.33415176
Price per EXCH             0.04954094
Gross Sales of EXCH      29.32823648

Less Fees                    0.11731286
Less Dividends              27.65081873
Less Buybacks              40.36560820
Less Mgmt Fee              0.56720112
Net Balance                  371.96144733

End of Period NAV/U     0.04512999

New Difficulty                  11,756,551,917
New Daily Dividend         0.00021388
New Reserve per Unit        0.04277600

NAV/U Less New Reserve = 0.04512999 - 0.04277600 = 0.00235399

SELL Dividend                 0.00235399

You'll notice that I calculate the new Dividend to eight digits and multiply that times 200 Days to get the new Reserve. Those of you that did your own calculations may come up with a slightly different number if you chose not to round or to round elsewhere.

New EXCH Sales Price          0.04405928

Are you Deprived? You sound like him (and frankly, you act like him -- no offense).
legendary
Activity: 1386
Merit: 1000
Period 11 End Report - June 6, 2014


Previous Units              8552
EXCH Sold                   592
Less Buybacks              902
New Total Units            8242

Previous Balance          411.33415176
Price per EXCH             0.04954094
Gross Sales of EXCH      29.32823648

Less Fees                    0.11731286
Less Dividends              27.65081873
Less Buybacks              40.36560820
Less Mgmt Fee              0.56720112
Net Balance                  371.96144733

End of Period NAV/U     0.04512999

New Difficulty                  11,756,551,917
New Daily Dividend         0.00021388
New Reserve per Unit        0.04277600

NAV/U Less New Reserve = 0.04512999 - 0.04277600 = 0.00235399

SELL Dividend                 0.00235399

You'll notice that I calculate the new Dividend to eight digits and multiply that times 200 Days to get the new Reserve. Those of you that did your own calculations may come up with a slightly different number if you chose not to round or to round elsewhere.

New EXCH Sales Price          0.04405928
legendary
Activity: 1386
Merit: 1000
Period 11, Day 12 Report - June 5, 2014

Balance Post Divs: BTC 371.96144733

Total Units: 8242

NAV/U: BTC 0.04512999

Looks like the Difficulty will change tonight, so the SELL div will be issued tomorrow-
legendary
Activity: 1386
Merit: 1000
Just a note that I have updated the contract to remove some unclear verbiage - B.MINE, B.SELL, and B.EXCH are 'contracts' and not 'shares' - this isn't a stock/bond/or interest in a company.

Havelock Investments is the Issuer of the contracts on HavelockInvestments.com, I am the Fund Manager in charge of managing these contracts for Havelock Investments. With respect to these revisions, nothing operationally has changed - I just don't think that any of us can be too careful in light of the SEC's prosecution of E. Voorhees.

I have also added a Voting provision for B.SELL contract holders. I'll be updating this on Havelock in just a minute as well.
legendary
Activity: 1386
Merit: 1000
Period 11, Day 11 Report - June 4, 2014

Balance Post Divs: BTC 382.20996391

Total Units: 8428

NAV/U: BTC 0.04535001
legendary
Activity: 1386
Merit: 1000
[...] that I haven't disappeared  Wink

... yet  Wink

Besides, on a more serious note: Are you able to pull the distribution of MINE and SELL holders from havelock? I'd like to know how many holders own more than 1000 of MINE or SELL, more than 100 etc

Sure, that's pretty easy to do. I've removed the emails here; anyone with a sufficiently large amount of shares should be able to pick themselves out of the sheet(s) due to the number of the shares that they own.

SELL is obviously more consolidated than MINE. Owning a significant portion of MINE has no benefit, but owning a significant percentage of SELL would allow the top holders to yield power in the event of BDD needing to hold a vote.

MINE
The top 5 holders control 2166 shares, or 25.60% of all MINE Shares
The top 20 holders control 4639 shares, or 55%% of all MINE Shares
https://docs.google.com/spreadsheets/d/1pDrbl_U3RIn8g52vzUsw4ANd6ICo3EJJlM4SZa_sE6k/edit?usp=sharing

SELL
The top 5 holders control 3719 shares, or 44% of all SELL Shares
The top 20 holders control 6026 shares, or 71.60% of all SELL Shares
https://docs.google.com/spreadsheets/d/1xKrcBPRYPSlx_akhUJz8zxQSMh3uWRWgzcr7L-3K60I/edit#gid=1990358727
full member
Activity: 230
Merit: 100
[...] that I haven't disappeared  Wink

... yet  Wink

Besides, on a more serious note: Are you able to pull the distribution of MINE and SELL holders from havelock? I'd like to know how many holders own more than 1000 of MINE or SELL, more than 100 etc
legendary
Activity: 1386
Merit: 1000
Hm i have been working on a similar security. How is the overall performance? Is market efficiency high enough to secure a reasonable tracking of BTC's difficulty?

Interesting stuff, and good work on your part, OP!

Thanks

I'd say that the market's been keeping track pretty well - the great thing about this model is that, if the market gets too out-of-whack, the arbitrage opportunities give a good financial incentive to rebalance it.

To give credit where credit is due, the model is based on Deprived' DMS asset (though I believe that I've made some improvements, not least that I haven't disappeared  Wink )
member
Activity: 99
Merit: 10
Hm i have been working on a similar security. How is the overall performance? Is market efficiency high enough to secure a reasonable tracking of BTC's difficulty?

Interesting stuff, and good work on your part, OP!

Thanks
sr. member
Activity: 251
Merit: 250
I understand! Thanks for touching bases.
legendary
Activity: 1386
Merit: 1000
Yes, it looks like there was a big MINE sell-off last night, which triggered an opposite reaction - sending SELL higher.

eltopo can be forgiven for asking you to read the OP, I was going to do the same when I read your message. Quite often someone stops by the thread and wants a quick overview of the current market conditions without even understanding the Derivative's basics.
sr. member
Activity: 251
Merit: 250
I understand why the assets are depleting (obviously the relative value of theoretical mining hardware will be worth less a little each day) but the drop today has been large and so I wondered if anyone had some input on why. Thanks for being a douche though...
full member
Activity: 230
Merit: 100
You should read the first post. If you don't understand why both assets are depleting, don't invest.

Hint: It works as intended.
sr. member
Activity: 251
Merit: 250
I see the resale value of the units going down quite quickly...any advice on how I should take that? Is it just generally accepted to be the way it will be? Or is this a sudden dump from someone?
legendary
Activity: 1386
Merit: 1000
Period 11, Day 10 Report - June 3, 2014

Balance Post Divs: BTC 385.29788058

Total Units: 8452

NAV/U: BTC 0.04558659

Lots of buy-backs today!
legendary
Activity: 1386
Merit: 1000
Period 11, Day 9 Report - June 2, 2014

Balance Post Divs: BTC 418.22349133

Total Units: 9141

NAV/U: BTC 0.04575248
legendary
Activity: 1386
Merit: 1000
Period 11, Day 8 Report - June 1, 2014

Balance Post Divs: BTC 420.37342575

Total Units: 9140

NAV/U: BTC 0.04599271
legendary
Activity: 1386
Merit: 1000
Period 11, Day 7 Report - May 31, 2014

Balance Post Divs: BTC 422.13604234

Total Units: 9131

NAV/U: BTC 0.04623108
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