Author

Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 218. (Read 452224 times)

full member
Activity: 126
Merit: 100
Sorry for the newb question, but I believe my address on bitfunder was one I created on my bitcoinqt wallet, does that mean it's one I can sign messages with?

It would be really great if someone could post a quick how-to so that everyone can check that they can do this before the shut-down, otherwise there will likely be many tears.

I am sadly too busy to do this, but am just throwing this out there as an invaluable suggestion...

^^^^^^^^^^^ YES PLEASE ^^^^^^^^^^^^
I just changed my bitfunder payout address to my armory wallet - I was going to use my blockchain.info wallet but wasn't sure about signing those transactions...
sr. member
Activity: 266
Merit: 250
Sorry for the newb question, but I believe my address on bitfunder was one I created on my bitcoinqt wallet, does that mean it's one I can sign messages with?

It would be really great if someone could post a quick how-to so that everyone can check that they can do this before the shut-down, otherwise there will likely be many tears.

I am sadly too busy to do this, but am just throwing this out there as an invaluable suggestion...
member
Activity: 90
Merit: 10
Once it's removed from bitfunder will there be any way to trade?  I'd like to buy more as I can.  I'd been buying one more every week or two depending on dividends and price.  Are those days over until you find another way to trade?

This can be traded the same way that AsicMiner was traded routinely in the past... the auction forum here:

https://bitcointalk.org/index.php?board=73.0

Hmm thanks.  Doesn't seem like an efficient way to buy one every week or two from the dividends, but at least there's a way to trade at all.
member
Activity: 90
Merit: 10
Sorry for the newb question, but I believe my address on bitfunder was one I created on my bitcoinqt wallet, does that mean it's one I can sign messages with?
hero member
Activity: 737
Merit: 500
Once it's removed from bitfunder will there be any way to trade?  I'd like to buy more as I can.  I'd been buying one more every week or two depending on dividends and price.  Are those days over until you find another way to trade?

This can be traded the same way that AsicMiner was traded routinely in the past... the auction forum here:

https://bitcointalk.org/index.php?board=73.0
member
Activity: 90
Merit: 10
Once it's removed from bitfunder will there be any way to trade?  I'd like to buy more as I can.  I'd been buying one more every week or two depending on dividends and price.  Are those days over until you find another way to trade?
sr. member
Activity: 266
Merit: 250
I will likely be "freezing" the asset in the next 48 hours.  My way of looking at it is these panic sells have nothing to do with the real price.  They are just individuals within the US trying to minimize risk.  grnbrg, keep a running copy of the asset list just in case, but I should be able to snag the final copy after freezing it without issue.


I strongly disagree with this - freezing the asset is shutting down the trade of something that should be a freely traded asset. If people are "panicking" (which is a judgement on your part) then why shouldn't they be free to panic and reduce their risk at the cost of selling their shares cheaply?

In freezing the asset you are both forcing people to take on more risk than they should be obliged to, and depriving others of the opportunity to buy at a price they think is favourable. I said it before and I'll say it again - any trades made, at any time, are between two consenting parties who both think it's in their best interest, and it's nobody else's call to say that they shouldn't be allowed to do so.

This concept of the "real price" is tricky. It is a combination of the long term growth potential, the dividends over time, and the perceived risk in both long and short term. The perceived short term risk just sky-rocketed and this is being reflected in the price. I don't believe that any true increase in short-term risk has actually occurred and am holding onto my shares happily. Once the migration from BitFunder takes place and people see that dividends are still being paid, this will be reflected in a recovery of the price. However, to deprive people of the opportunity to lessen their exposure at a cost to themselves (and not to you I might add) seems misguided, and will probably cause a lot of resentment, so I would ask you to reconsider this position.

I wasn't looking to freeze the asset to hault trading, but rather get an official list from the asset list.  With each trade that goes through, that list changes.  So at some point I plan to freeze the asset, grab the final list, and remove LRM from BitFunder.

I can agree that anyone who wants out, should get out now because it will be harder to trade after the asset is removed from BitFunder.

VERY IMPORTANT: Make sure your address on BitFunder is one you can sign a message with.

Ah, I see, I didn't get that at all from what you said initially - that's totally fair enough in that case! Smiley
hero member
Activity: 599
Merit: 502
Token/ICO management
I will likely be "freezing" the asset in the next 48 hours.  My way of looking at it is these panic sells have nothing to do with the real price.  They are just individuals within the US trying to minimize risk.  grnbrg, keep a running copy of the asset list just in case, but I should be able to snag the final copy after freezing it without issue.


I strongly disagree with this - freezing the asset is shutting down the trade of something that should be a freely traded asset. If people are "panicking" (which is a judgement on your part) then why shouldn't they be free to panic and reduce their risk at the cost of selling their shares cheaply?

In freezing the asset you are both forcing people to take on more risk than they should be obliged to, and depriving others of the opportunity to buy at a price they think is favourable. I said it before and I'll say it again - any trades made, at any time, are between two consenting parties who both think it's in their best interest, and it's nobody else's call to say that they shouldn't be allowed to do so.

This concept of the "real price" is tricky. It is a combination of the long term growth potential, the dividends over time, and the perceived risk in both long and short term. The perceived short term risk just sky-rocketed and this is being reflected in the price. I don't believe that any true increase in short-term risk has actually occurred and am holding onto my shares happily. Once the migration from BitFunder takes place and people see that dividends are still being paid, this will be reflected in a recovery of the price. However, to deprive people of the opportunity to lessen their exposure at a cost to themselves (and not to you I might add) seems misguided, and will probably cause a lot of resentment, so I would ask you to reconsider this position.

I wasn't looking to freeze the asset to hault trading, but rather get an official list from the asset list.  With each trade that goes through, that list changes.  So at some point I plan to freeze the asset, grab the final list, and remove LRM from BitFunder.

I can agree that anyone who wants out, should get out now because it will be harder to trade after the asset is removed from BitFunder.

VERY IMPORTANT: Make sure your address on BitFunder is one you can sign a message with.
hero member
Activity: 599
Merit: 502
Token/ICO management

I strongly believe that freezing the asset at this point is a very bad decision. Freezing would have been good before the panic to give everyone time to think it over and get the information needed to make a decision. However, now the panic is over, people had two days to think about it. If someone wants to sell, they will, freezing just makes life much harder for everyone and creates additional uncertainty.

I think that the best strategy at this point is to let the dust settle and find out how we proceed. If you still think that you want to freeze the asset, I think that it would be a good idea to set the exact time when you want to do it and give at least a one day notice. Just to make things clear and predictable.

+1 , Even i think freezing asset doesnt make sense , unless Lab rat has some more info & reasons behind this move other than to stop panic selling.

Right. Panic selling is over. After the initial panic there was only one person liquidating all his ~1k shares and causing all the sudden price drops in the last 24 hours. But he just sold off his last shares. So I expect the price to recover soon, cheap shares are most likely over  Wink

I actually received note from the person who did that last series of large sales.  Surprisingly enough it's a female. Rare in this community, but I find it funny everyone assumes that all in this community are males.
hero member
Activity: 599
Merit: 502
Token/ICO management
No body has talked about expected dividends this week , can any body do the maths please Smiley

Dave and Tytus have been toying around with settings at their hosting location, so most of the week they haven't been mining for us.  Do your math at 5.25TH/s
sr. member
Activity: 266
Merit: 250
full member
Activity: 126
Merit: 100
I was finally able to get my BTC out of bitfunder last night - I had bought and sold and bought and sold down to less then .1 BTC so I actually had to send more into bitfunder so I could withdraw it all!  Ah well, it was fun while it lasted.  Now it seems like a good time to sit tight and wait for the storm to blow over...  This was a crappy move on the part of bitfunder but I look forward to what labrat come up with to get around this issue!
sr. member
Activity: 266
Merit: 250
I will likely be "freezing" the asset in the next 48 hours.  My way of looking at it is these panic sells have nothing to do with the real price.  They are just individuals within the US trying to minimize risk.  grnbrg, keep a running copy of the asset list just in case, but I should be able to snag the final copy after freezing it without issue.


I strongly disagree with this - freezing the asset is shutting down the trade of something that should be a freely traded asset. If people are "panicking" (which is a judgement on your part) then why shouldn't they be free to panic and reduce their risk at the cost of selling their shares cheaply?

In freezing the asset you are both forcing people to take on more risk than they should be obliged to, and depriving others of the opportunity to buy at a price they think is favourable. I said it before and I'll say it again - any trades made, at any time, are between two consenting parties who both think it's in their best interest, and it's nobody else's call to say that they shouldn't be allowed to do so.

This concept of the "real price" is tricky. It is a combination of the long term growth potential, the dividends over time, and the perceived risk in both long and short term. The perceived short term risk just sky-rocketed and this is being reflected in the price. I don't believe that any true increase in short-term risk has actually occurred and am holding onto my shares happily. Once the migration from BitFunder takes place and people see that dividends are still being paid, this will be reflected in a recovery of the price. However, to deprive people of the opportunity to lessen their exposure at a cost to themselves (and not to you I might add) seems misguided, and will probably cause a lot of resentment, so I would ask you to reconsider this position.
legendary
Activity: 1022
Merit: 1001
I'd fight Gandhi.
Glad I bought some cheap ones! Smiley

I calling it quits on BitFunder now and pulling my remaining BTC I have out before everything shuts down. I just copied the asset list right now as well before I'm heading off to work. My shares are tied to my address, which proves those shares belong to me, right?
full member
Activity: 167
Merit: 100

I strongly believe that freezing the asset at this point is a very bad decision. Freezing would have been good before the panic to give everyone time to think it over and get the information needed to make a decision. However, now the panic is over, people had two days to think about it. If someone wants to sell, they will, freezing just makes life much harder for everyone and creates additional uncertainty.

I think that the best strategy at this point is to let the dust settle and find out how we proceed. If you still think that you want to freeze the asset, I think that it would be a good idea to set the exact time when you want to do it and give at least a one day notice. Just to make things clear and predictable.

+1 , Even i think freezing asset doesnt make sense , unless Lab rat has some more info & reasons behind this move other than to stop panic selling.

Right. Panic selling is over. After the initial panic there was only one person liquidating all his ~1k shares and causing all the sudden price drops in the last 24 hours. But he just sold off his last shares. So I expect the price to recover soon, cheap shares are most likely over  Wink
hero member
Activity: 560
Merit: 500

I strongly believe that freezing the asset at this point is a very bad decision. Freezing would have been good before the panic to give everyone time to think it over and get the information needed to make a decision. However, now the panic is over, people had two days to think about it. If someone wants to sell, they will, freezing just makes life much harder for everyone and creates additional uncertainty.

I think that the best strategy at this point is to let the dust settle and find out how we proceed. If you still think that you want to freeze the asset, I think that it would be a good idea to set the exact time when you want to do it and give at least a one day notice. Just to make things clear and predictable.

+1 , Even i think freezing asset doesnt make sense , unless Lab rat has some more info & reasons behind this move other than to stop panic selling.
full member
Activity: 167
Merit: 100
Just wanted to let everyone know I'm still here.  I will likely be "freezing" the asset in the next 48 hours.  My way of looking at it is these panic sells have nothing to do with the real price.  They are just individuals within the US trying to minimize risk.  grnbrg, keep a running copy of the asset list just in case, but I should be able to snag the final copy after freezing it without issue.

I don't trust BitFunder to put a sizable amount of coin on there so all divs from here on out will be manual.

More info to come.

I strongly believe that freezing the asset at this point is a very bad decision. Freezing would have been good before the panic, to give everyone time to think it over and get the information needed to make a decision. However, now the panic is over, people had two days to think about it. If someone wants to sell, they will, freezing just makes life much harder for everyone and creates additional uncertainty.

I think that the best strategy at this point is to let the dust settle and find out how we proceed. If you still think that you want to freeze the asset, I think that it would be a good idea to set the exact time when you want to do it and give at least a one day notice. Just to make things clear and predictable.
hero member
Activity: 560
Merit: 500
No body has talked about expected dividends this week , can any body do the maths please Smiley
newbie
Activity: 38
Merit: 0
I applaud LR's efforts, i would like to see a little bit more transparency, but so far Im impressed on how hes handled things...

It's actually refreshing.  Some of my other securities have trained me to expect little to no communication.

I'm working on a proxy to scoop up more while I still can at this price.
hero member
Activity: 924
Merit: 1000
Lab rat for sure will continue with this venture. Hes going to freeze the buying and selling because the current price doesn't represent the real value. So, if there are 10k shares that get traded for .05btc that makes my investment of .15btc in a bad spot. Those that were able to purchase at the bargain basement price will then be able to sell at the REAL price when everything gets worked out, and one thing for sure, it isnt' going to be .05btc/bond

I applaud LR's efforts, i would like to see a little bit more transparency, but so far Im impressed on how hes handled things...
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