So ive been in for awhile,is there any account of how much is in the reinvestment fund,all of the btc which was set aside during the 50% dividend period?
Based on my admittedly limited understanding of what's going on with cryptx at this point I believe the answer to your question is 0. The hardware that cryptx has been running on for past several difficulty jumps was paid for "out of pocket" by cryptx himself. Thus the 50% dividend 50% "loan" payback. Now, if the vote does indeed pass the remaining "loan" balance of 342.90BTC cryptx would simply take 4650 cryptx shares off of what remains and place a sell order @ 0.0735 to re-coup the remaining 342 BTC and start paying out 100% dividends (which means no reinvestment fund period). A stock split of 14:1 would take place, effectively reducing per share hash from 14GH/share to 1GH/share.
If I'm wrong on this please somebody correct me because the way I see it, those shares will never be reached given that no new hash will be added...ever under this plan and we will basically see a steadily declining share price and subsequent dividends from this point onward.
You are correct. Thou, the reinvestment will be completely voluntary by each individual buying more shares with the dividend payout funds they get.
Yes, the share price will start going down as each share represents 1GH/s and the market offer/demand will find the correct price for it.
If the vote is accepted and positive for the option, we will have simply another CEX.io type of product and at that moment it will be 100% comparable to it (or to other mining operations).
Could be good, could be bad, could be really bad. For sure we are never recovering the second IPO price (for who ever purchased at that price).
Honestly, I'm in Scryptx and would vote for having the same option there as well.
