I've been trying to keep an eye on the sellers.. I dont take snap shots of the list, but it looks like the big holders are mostly holding, not selling.. So, it looks like the medium to low holders are the ones panicking.. Maybe one of you that is taking snapshots could give us a better idea on who is selling, not by giving addresses out, but just tell us who is selling, the one that are holding 100 or less or is it the bigger guys.. The real big holders are still at the same number they were a couple days ago, so, it would make sense that the ones panicking are the ones that don't hold a lot and really need their coins...
MMerlin, ideas?
Also, the usa made this law, "crowdfunding" I don't know the details, but it seems that companies like bitfunder would fall under that idea... crowdfunding is for companies that need to raise less than 1 million dollars but cant afford to jump thru all the SEC hoops..
The real question I want answered did bitfunder do this all on their own accord? or where they warned to do this? I have a feeling they just pulled the plug and took advantage of the cheap stocks. If they were warned, they would have given us a warning or we would have seen a nice big "SEIZED" sign at the door..
Topic: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement - page 221. (Read 452224 times)
October 09, 2013, 10:26:28 AM
October 09, 2013, 10:18:13 AM
Could some more people panic-sell their shares for ~0.05BTC like people were doing earlier please? I wasn't quick enough... 
Same here.
I think manual payout should not be such a problem for Lab-Rat. Just take the address list and multiply number of shares per address with dividend per share in a spreadsheet. Then make make a multi-output transaction to all these addresses. Not as easy as on Bitfunder but should work. I now it got mentioned many times before but please please make sure you are in control of the address which you registered with Bitfunder.
October 09, 2013, 10:04:54 AM
Maybe Labrat should start buying back the cheap bonds with LRM funds to be used in a strictly LRM reinvestment account. Like put a buy order in at 0.05 for 20,000 bonds. That might work out great for the rest of the bond holders. That would mean >50% of all hardware mining goes to re-investment and operational costs. Sure, he'd not be able to buy quite as much hardware this month, but he'd still be able to buy a lot and the new fixed potential growth rate would more than double (if he could buy that many back).
This is probably what I would be doing.. Good grief, to be able to buy back maybe 5k bonds at about 1/2 their value? he could wait til the market recovers and sell them for what they are really worth and in the meantime, doesn't have to pay the dividends on those bonds, since they aren't technically sold (unless LR buys them himself, which would be a conflict of interest, I dont think he owns any bonds, his pay comes from the 25 percent idea) This is where he should spend a lot of the coins that he has, that will help the bond holders the best, imho..
October 09, 2013, 09:54:19 AM
It APPEARS that they are only doing IP filtering (for those of you interested and or savvy enough to route through a foreign server). I've only tried this with one foreign host so I don't know if it'll work the same for everybody... good luck! This is just a bump in the road.
October 09, 2013, 08:50:20 AM
PicoStock ?
Marshall Islands based.
Marshall Islands based.
bitfunder was Australian. It looks like it's going to be hard to find any public centralized exchange.
That's because the US has decided that it doesn't matter if you're not located or incorporated in the US, or are a US citizen. If you do business with US citizens, you have to follow their rules. There is a very real chance that BitFunder could have their domain seized, and possibly even their servers if the US government asks the Aussie government nicely. Sure, if he fights it, he might get his hardware and data back in a couple of years.... I don't blame Ukyo at all.
It will be interesting to see what happens with Havelock, which is Canadian-based and (I think) trying to go the full regulatory route. A number of the assets traded elsewhere trade there as well, so it is certainly possible that LRM will end up there. (That's speculation -- I don't know if @Lab_Rat is working on Havelock or not...)
grnbrg.
October 09, 2013, 08:44:52 AM
Just a heads up for all you lurkers out there. You might want to make sure you can sign messages on the BTC address you gave to BitFunder, or change it to one that you can. I can't think of any other way for Lab Rat to verify ownership of of shares. I didn't think I'd ever have to verify using it, so I didn't have the private key for mine and had to change it.
October 09, 2013, 07:47:58 AM
PicoStock ?
Marshall Islands based.
Marshall Islands based.
bitfunder was Australian. It looks like it's going to be hard to find any public centralized exchange.
October 09, 2013, 04:58:00 AM
Maybe Labrat should start buying back the cheap bonds with LRM funds to be used in a strictly LRM reinvestment account. Like put a buy order in at 0.05 for 20,000 bonds. That might work out great for the rest of the bond holders. That would mean >50% of all hardware mining goes to re-investment and operational costs. Sure, he'd not be able to buy quite as much hardware this month, but he'd still be able to buy a lot and the new fixed potential growth rate would more than double (if he could buy that many back).
Would be interesting to run the math and see if buying up bonds is better than withholding dividends for two weeks.
October 09, 2013, 04:54:17 AM
PicoStock ?
Marshall Islands based.
Marshall Islands based.
October 09, 2013, 03:34:55 AM
Does it go by IP address? If so, can't you use a proxy or something like that?
Probably, That isn't the point I was trying to make. Poster above seems to indicate that you could still buy. But that isn't the case for US users. If you want to be clever and use tor or some other vpn anonymizer then yes I guess you can circumvent that way until November when you need to be verified. ;-)
"As of October 8th, 2013, all current BitFunder users who are located in the United States or are determined to be United States persons or entities will not be able to enter into any new positions on the Bitfunder website, and, as of November 1, 2013, such users will also not be allowed to sell positions on the BitFunder website."
This is what Bitfunder says. So in principle, even if you are not a US resident but you are physically located in the US, you cannot buy. So I guess it goes according to your IP address and this can be easily circumvented. So in fact, there is a 3 week "grace period".
October 09, 2013, 03:18:45 AM
Does it go by IP address? If so, can't you use a proxy or something like that?
Probably, That isn't the point I was trying to make. Poster above seems to indicate that you could still buy. But that isn't the case for US users. If you want to be clever and use tor or some other vpn anonymizer then yes I guess you can circumvent that way until November when you need to be verified. ;-)
October 09, 2013, 03:02:29 AM
Off topic , I not from US so if any one needs help in buying cheap shares I am ready to help for FREE ! to begin with.
Thanks, nice of you.
But as I understand, until Nov 1 there is nothing to stop US residents to buy and sell shares. In principle they are not allowed, but in practice they can. Only after that point will be verification required to buy and sell and only after then will this be enforced.
There is something to stop US residents to buy. I don't have "Buy" button anymore, Text says its Disabled for US users. So in actuality I cannot buy shares anymore on Bitfunder.
Does it go by IP address? If so, can't you use a proxy or something like that?
October 09, 2013, 02:25:51 AM
Off topic , I not from US so if any one needs help in buying cheap shares I am ready to help for FREE ! to begin with.
Thanks, nice of you.
But as I understand, until Nov 1 there is nothing to stop US residents to buy and sell shares. In principle they are not allowed, but in practice they can. Only after that point will be verification required to buy and sell and only after then will this be enforced.
I don't think u can buy stuff if you are from US on bitfunder , I plant to simply buy the shares for you & transfer them to your account on bitfunder , I don't hold any shares on any ones behalf.
October 09, 2013, 02:17:22 AM
Off topic , I not from US so if any one needs help in buying cheap shares I am ready to help for FREE ! to begin with.
Thanks, nice of you.
But as I understand, until Nov 1 there is nothing to stop US residents to buy and sell shares. In principle they are not allowed, but in practice they can. Only after that point will be verification required to buy and sell and only after then will this be enforced.
There is something to stop US residents to buy. I don't have "Buy" button anymore, Text says its Disabled for US users. So in actuality I cannot buy shares anymore on Bitfunder.
October 09, 2013, 01:14:59 AM
Off topic , I not from US so if any one needs help in buying cheap shares I am ready to help for FREE ! to begin with.
Thanks, nice of you.
But as I understand, until Nov 1 there is nothing to stop US residents to buy and sell shares. In principle they are not allowed, but in practice they can. Only after that point will be verification required to buy and sell and only after then will this be enforced.
October 09, 2013, 12:37:59 AM
Looking to buy Lab Rat shares PM me
Thanks
Thanks
October 08, 2013, 11:50:07 PM
Off topic , I not from US so if any one needs help in buying cheap shares I am ready to help for FREE ! to begin with.
October 08, 2013, 11:39:13 PM
Maybe Labrat should start buying back the cheap bonds with LRM funds to be used in a strictly LRM reinvestment account. Like put a buy order in at 0.05 for 20,000 bonds. That might work out great for the rest of the bond holders. That would mean >50% of all hardware mining goes to re-investment and operational costs. Sure, he'd not be able to buy quite as much hardware this month, but he'd still be able to buy a lot and the new fixed potential growth rate would more than double (if he could buy that many back).
October 08, 2013, 11:23:03 PM
I have no doubt Lab rat will be able to continue else where with LRM bonds , but bigger threat is to the basic structure of LRM future funding, trading shares was a way to generate revenue for purchase of future hardware along with 25% of dividends deduction on each payout , how does LRM plan to overcome this & how are shares to be traded , this is the big question for me.
October 08, 2013, 10:54:46 PM
Trading is not ceasing on Buttfunder.
Non US citizens can still use Buttfunder and trade.
I take it Labrat is going to pull out of buttfunder.
Non US citizens can still use Buttfunder and trade.
I take it Labrat is going to pull out of buttfunder.
Jump to: