[Investment fund] Gamma Bitcoin Fund [Closed] - page 13.

GoWest

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Quote from: DeaDTerra on March 04, 2013, 04:31:17 PM

While I would like to divide the shares, I think it's too much work which will go in to it and I know that several investors. Invested in the fund as they didn't want to deal with exchanges and assets themself,
Hence I think it's best if we do as we have previously done and sell the shares and payout the bitcoins made.
Then each person can decide what to do with this payment, if you think ASICMINER is a good investment, then you can buy the shares on BitFunder

I am thinking of putting up all the shares at 0.7 BTC,
What do you guys think?
This will enable me to pay out about 50% more of the total fund amount, which will bring us up to 70%.
//DeaDTerra

I support this plan.

CecilNiosaki

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Activity: 210

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Quote from: DeaDTerra on March 04, 2013, 04:31:17 PM

While I would like to divide the shares, I think it's too much work which will go in to it and I know that several investors. Invested in the fund as they didn't want to deal with exchanges and assets themself,
Hence I think it's best if we do as we have previously done and sell the shares and payout the bitcoins made.
Then each person can decide what to do with this payment, if you think ASICMINER is a good investment, then you can buy the shares on BitFunder

I am thinking of putting up all the shares at 0.7 BTC,
What do you guys think?
This will enable me to pay out about 50% more of the total fund amount, which will bring us up to 70%.
//DeaDTerra

What amount of BTC is the fund getting from ASICMINER shares monthly?

DeaDTerra

donator

Activity: 1064

Merit: 1000

While I would like to divide the shares, I think it's too much work which will go in to it and I know that several investors. Invested in the fund as they didn't want to deal with exchanges and assets themself,
Hence I think it's best if we do as we have previously done and sell the shares and payout the bitcoins made.
Then each person can decide what to do with this payment, if you think ASICMINER is a good investment, then you can buy the shares on BitFunder

I am thinking of putting up all the shares at 0.7 BTC,
What do you guys think?
This will enable me to pay out about 50% more of the total fund amount, which will bring us up to 70%.
//DeaDTerra

lenny_

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Activity: 1036

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We can do an e-mail poll to find out what investors want.
I personally don't need any ASICMINER shares. I just want GBF to run until it's all paid back.

CecilNiosaki

full member

Activity: 210

Merit: 100

I'm mixed about whether we should hold them or sell them. Selling them at .7 would get us roughly 50% of the fund's value back, but I would need to see what the shares are paying out to know mathematically which is a better idea. I trust Ludvig to make the decision.

I'm not too sure I want to be in possession of my shares either. There was a reason I chose to invest in Gamma Bitcoin Fund over directly investing in the GLBSE.

keystroke

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Activity: 900

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advocate of a cryptographic attack on the globe

Quote from: iCEBREAKER on March 04, 2013, 12:12:31 PM

Quote from: DeaDTerra on March 04, 2013, 09:32:42 AM

Quote from: Newar on March 04, 2013, 02:16:51 AM

Quote from: strello on March 03, 2013, 08:27:16 PM

How about transferring them to your G.ASICMINER-PT, then proportionally distributing them so everyone can decide for themselves what to do with them.

Voila!

The problem is this only works in a perfect world, it will be to much fractions to this to end up being fair.
Hence I am not sure how to distribute them perfectly so that people feel they are being treated fair.
//DeaDTerra

Great idea strello! Cool

I for one am not at all bothered about the fraction of a share.

Just round our portions down to the nearest whole number and settle the rest in BTC later. What's so hard about that?

My main concern is that GBF owns 4,607 ASICMINER shares purchased for BTC0.1 and which now sell for around BTC0.7 on the Bitfunder pass-through.

Let's use G.ASICMINER-PT to free up some of the assets which have been stuck in GBF for a very long time.

Perfect is the enemy of good...

Quote

Perfect is the enemy of good is an aphorism or proverb meaning that insisting on perfection often results in no improvement at all. The phrase is commonly attributed to Voltaire
http://en.wikipedia.org/wiki/Perfect_is_the_enemy_of_good

Agreed! This is a great idea, I think we would all love to be in full control of our proportion of ASICMINER shares.

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: DeaDTerra on March 04, 2013, 09:32:42 AM

Quote from: Newar on March 04, 2013, 02:16:51 AM

Quote from: strello on March 03, 2013, 08:27:16 PM

How about transferring them to your G.ASICMINER-PT, then proportionally distributing them so everyone can decide for themselves what to do with them.

Voila!

The problem is this only works in a perfect world, it will be to much fractions to this to end up being fair.
Hence I am not sure how to distribute them perfectly so that people feel they are being treated fair.
//DeaDTerra

Great idea strello! Cool

I for one am not at all bothered about the fraction of a share.

Just round our portions down to the nearest whole number and settle the rest in BTC later. What's so hard about that?

My main concern is that GBF owns 4,607 ASICMINER shares purchased for BTC0.1 and which now sell for around BTC0.7 on the Bitfunder pass-through.

Let's use G.ASICMINER-PT to free up some of the assets which have been stuck in GBF for a very long time.

Perfect is the enemy of good...

Quote

Perfect is the enemy of good is an aphorism or proverb meaning that insisting on perfection often results in no improvement at all. The phrase is commonly attributed to Voltaire
http://en.wikipedia.org/wiki/Perfect_is_the_enemy_of_good

DeaDTerra

donator

Activity: 1064

Merit: 1000

Quote from: Newar on March 04, 2013, 02:16:51 AM

Quote from: strello on March 03, 2013, 08:27:16 PM

How about transferring them to your G.ASICMINER-PT, then proportionally distributing them so everyone can decide for themselves what to do with them.

Voila!

The problem is this only works in a perfect world, it will be to much fractions to this to end up being fair.
Hence I am not sure how to distribute them perfectly so that people feel they are being treated fair.
//DeaDTerra

Quote from: fassadlr on March 04, 2013, 02:49:15 AM

Hi DT!

Apologies if this has been answered before but I haven't been on this forum for sometime. Can you please explain how the investors are paid out from any BTC you "recover"? Are they paid out in order/investor number or is everyone paid proportionally when any pay outs are done?

I just want to know how this process works

Thanks in advance!

Hello

The payouts are proportional to your part of the fund.
//DeaDTerra

fassadlr

member

Activity: 89

Merit: 10

Hi DT!

Apologies if this has been answered before but I haven't been on this forum for sometime. Can you please explain how the investors are paid out from any BTC you "recover"? Are they paid out in order/investor number or is everyone paid proportionally when any pay outs are done?

I just want to know how this process works

Thanks in advance!

Newar

legendary

Activity: 1358

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https://gliph.me/hUF

Quote from: strello on March 03, 2013, 08:27:16 PM

How about transferring them to your G.ASICMINER-PT, then proportionally distributing them so everyone can decide for themselves what to do with them.

Voila!

strello

full member

Activity: 234

Merit: 101

How about transferring them to your G.ASICMINER-PT, then proportionally distributing them so everyone can decide for themselves what to do with them.

This would help you get towards your 5000 shares on the passthrough, and much closer to a seat on the board, and all us investors a choice about what to do with our share of our ASICMINER shares.

burger

full member

Activity: 195

Merit: 100

Quote from: DeaDTerra on March 03, 2013, 01:21:52 PM

To answer everyone's questions.
I would not take all the profit if we end up getting back more then 100% (I highly doubt it).
I would take the 5% originally agreed to.
I am not looking to hold ASICMINER for a longer period of time, I am looking to sell them once I think the time is right.
What are you guys attitude towards selling the shares?
Would you like to see a sale, if so how many of the shares and at what price?
As for the GIGAMINING claim, I have talked to James and I am looking to submit the claim sometime next week.
//DeaDTerra

Don't sell the ASICMINER shares until you got back 100%. or at least sell when you will get back 100% (with the dividend included)

DeaDTerra

donator

Activity: 1064

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Quote from: GoWest on March 03, 2013, 02:03:48 PM

Regarding Gigamining, make sure you wait as long as possible to convert to Teramining. I made the mistake of converting on the first possible day, and I have since lost 50 Bitcoins in dividends because when you convert you lose your Gigamining contract. Since the Teramining hardware hasn't been delivered yet, I'm earning nothing.

Ah okay,
I will make sure to wait as long as possible ^^
//DeaDTerra

GoWest

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Regarding Gigamining, make sure you wait as long as possible to convert to Teramining. I made the mistake of converting on the first possible day, and I have since lost 50 Bitcoins in dividends because when you convert you lose your Gigamining contract. Since the Teramining hardware hasn't been delivered yet, I'm earning nothing.

lenny_

legendary

Activity: 1036

Merit: 1000

DARKNETMARKETS.COM

Quote from: DeaDTerra on March 03, 2013, 01:21:52 PM

To answer everyone's questions.
I would not take all the profit if we end up getting back more then 100% (I highly doubt it).
I would take the 5% originally agreed to.
I am not looking to hold ASICMINER for a longer period of time, I am looking to sell them once I think the time is right.
What are you guys attitude towards selling the shares?
Would you like to see a sale, if so how many of the shares and at what price?
As for the GIGAMINING claim, I have talked to James and I am looking to submit the claim sometime next week.
//DeaDTerra

Please do not sell ASICMINER shares Angry

Please claim GIGAMINING as soon as possible, I already did myself and sent affidavit recently, waiting for confirmation right now.

DeaDTerra

donator

Activity: 1064

Merit: 1000

To answer everyone's questions.
I would not take all the profit if we end up getting back more then 100% (I highly doubt it).
I would take the 5% originally agreed to.
I am not looking to hold ASICMINER for a longer period of time, I am looking to sell them once I think the time is right.
What are you guys attitude towards selling the shares?
Would you like to see a sale, if so how many of the shares and at what price?
As for the GIGAMINING claim, I have talked to James and I am looking to submit the claim sometime next week.
//DeaDTerra

keystroke

hero member

Activity: 900

Merit: 1014

advocate of a cryptographic attack on the globe

Quote from: iCEBREAKER on March 01, 2013, 04:07:47 PM

Quote from: jimbobway on March 01, 2013, 03:50:29 PM

Suppose 100% does get paid...then we will continue to get paid 101%+? Or will will sell your ASICMINER shares?

Investors only get paid 100% and the fund manager gets to keep the shares?

IOW, we took the risk, and DT takes the reward?

No effing way! That really wouldn't be fair to us long suffering GBF investors.

I'm sure there's a better solution, such as in kind dividends:

Who else votes to proportionally distribute the ASICMINER, etc. shares once 100% payout is complete?

When payout is 100% complete yes, I think we should distribute the shares proportionally. I had tried to sell out of the fund early but wasn't able to due to the GLBSE run - my plan was actually to buy more ASICMINER! So it would be nice for us to get our proportion of the shares once we are made whole again.

Thanks everyone!

Newar

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Activity: 1358

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https://gliph.me/hUF

If we make 100% back that'd be great. It will take a long time. In this time hopefully they will have the ASICMINER trading platform ready. Establish temporary accounts for each GBF investor and distribute the shares accordingly. Investors then can sell or transfer to their other accounts (if any). This is no biggie and BTCT and BitFunder have shown this.

This all assumes that DT is still determined to close GBF (I.e. no new investors and investments).

iCEBREAKER

legendary

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Crypto is the separation of Power and State.

I'm sure friedcat has better things to do than deal with piddly amounts of shares, so let's assume his exchange will be operational before GBF pays back 100%.

If GBF continues to hold assets in anticipation of future profits, past 100% payback, that's a strange definition of "closing." More like 'closed to new investors.'

strello

full member

Activity: 234

Merit: 101

I think that DeaDTerra should judge when the best time to sell the ASICMINER shares will be.

Personally I lost 25% of my original investment before the fund closed, so I guess many of the later investors are in the same position.

It would be wonderful if we could get 100% of the balance when DeaDTerra announced that the fund was closing, but it would be even better to make a further profit which might even start to cover our losses.

I think we should trust DeaDTerra to sell at the right time, and any profits should, of course, be divided proportionally.

It's a fantastic, unexpected situation to be in, whatever happens in the near future.

And in all the excitement, is there any progress with the Gigamining recovery process?

Sorry, enjoy your holiday DeaDTerra, answers can wait until you are back home.

Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 13. (Read 84432 times)