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Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 179. (Read 958997 times)

sr. member
Activity: 369
Merit: 250
((...snip...))
Rest assured, we've placed limit orders, and we'll just distribute the shares as value if they don't sell.
((...snip...))


You're doing what with ... who? ... what's happening to shares (seats) ?


That language scares me, could you please explain the specific words:

"...we'll just distribute the shares..."



... I really hope I'm misunderstanding, because that almost sounds like:

"if they're not selling fast enough, someone will intervene and shuffle things around"
hero member
Activity: 633
Merit: 591
What the hell is happening to the seat price  Huh

nastyfans is not open to the public yet. So all buying and selling is seats moving between existing members now. nastyfans will be opened to the public after the claim process is over. That is when 7 days pass without any new claims. There are 136 unclaimed seats still.
vip
Activity: 812
Merit: 1000
13
What the hell is happening to the seat price  Huh

People know there's others trying to sell. For example, everyone who is paying attention knows BMF is trying to liquidate 110 shares.

Rest assured, we've placed limit orders, and we'll just distribute the shares as value if they don't sell. I'm not so inexperienced a trader as to fall for the old "Oh, so you want to sell your shares" routine. It works like this: When a rich guy comes into the store, they rush out to meet him (to keep him busy) while the helpers in the back rush around changing all the price tags to more expensive ones ;-) In reverse, when you want to sell your shares and people know it, they suddenly don't feel like paying so much. It's supply and demand, baby.
hero member
Activity: 560
Merit: 500
I am the one who knocks
What the hell is happening to the seat price  Huh
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
I've gotten a few PMs asking about why the hashrate varies so much.  As stated earlier, it is due to the way the pools calculate it.  I figured this picture might put some of you at ease.  We are indeed operating at nearly 7.3GH/s constantly with almost 0% rejects.



Biggups!  Recently went with cgminer after using phoenix for months myself and am very happy.  Just picked up another 25 seats to add to the pot at what I consider to be a great value.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
I've gotten a few PMs asking about why the hashrate varies so much.  As stated earlier, it is due to the way the pools calculate it.  I figured this picture might put some of you at ease.  We are indeed operating at nearly 7.3GH/s constantly with almost 0% rejects.

hero member
Activity: 633
Merit: 591
and if you disappear?
We know you just as much as you know us.  Trust works both ways

laSeek asked a very important question here. It is important that you can be safe in case nastyfans disappears. For this I decide to implement the suggestion from ErebusBat.

Also a rather lower tech idea would be to have a daily updated PGP signed/hmac'd list of share distribution.

This would allow anyone to download it, but only certain trusted people would have the hmac key, allowing to determine who the shares actually belong to.

With each distribution a signed list of nastyfans account information will be posted. I submitted my key to pool.sks-keyservers.net servers.

Each member decides what information from the account will be posted. This is a new setting for your account. By default nothing is published about your account. If you choose to publish a identity field and the number of seats you own then you will be able to prove seat ownership if nastyfans disappears because the critical information is publicly available. I also add options for publishing username and if donations are accepted. This is not necessary for proofs. But maybe members want that information public.

I do not plan for nastyfans to disappear. But some times shit happens and I want us to be prepared.
hero member
Activity: 633
Merit: 591
I'm fine with a private sale of this nature as long as nonakip doesn't mind the oversight of it that's cool.  As a shareholder how does this harm me especially if they do a volume deal it prevents harming the last traded price as it is kept private.

I have no problem executing a requested seat transfer. But I am not police. If the buyer does not pay or the seller does not request a transfer it is not my problem. caveat emptor

The auction gives a medium where buyers and sellers must not trust each other. I agree that nastyfans members are all cool but that does not mean you can trust them.
member
Activity: 140
Merit: 27
I'm fine with a private sale of this nature as long as nonakip doesn't mind the oversight of it that's cool.  As a shareholder how does this harm me especially if they do a volume deal it prevents harming the last traded price as it is kept private.

hero member
Activity: 560
Merit: 500
I am the one who knocks
I don't think this is possible. I thought all sales of "seats" need to to through the site.

There is no nastyfans policy requiring seats to be sold at online auction. The auction is a tool to help you. If I receive a signed message from a member asking to transfer N seats to another member I have no problems with that.

If other members have a problem with that I can start a poll to change policy requiring seat changes to occur in the auction.
No... I like it how it is right now.
hero member
Activity: 633
Merit: 591
I don't think this is possible. I thought all sales of "seats" need to to through the site.

There is no nastyfans policy requiring seats to be sold at online auction. The auction is a tool to help you. If I receive a signed message from a member asking to transfer N seats to another member I have no problems with that.

If other members have a problem with that I can start a poll to change policy requiring seat changes to occur in the auction.
hero member
Activity: 563
Merit: 501
betwithbtc.com
I have several hundred shares I'm willing to part with for the right price.  Would like to sell privately in blocks of 100 shares minimum.  Please PM if interested.

I don't think this is possible. I thought all sales of "seats" need to to through the site.

Yes, to clarify, the transaction will have to go through the site in the end. 
hero member
Activity: 634
Merit: 500
I have several hundred shares I'm willing to part with for the right price.  Would like to sell privately in blocks of 100 shares minimum.  Please PM if interested.

I don't think this is possible. I thought all sales of "seats" need to to through the site.
hero member
Activity: 563
Merit: 501
betwithbtc.com
I have several hundred shares I'm willing to part with for the right price.  Would like to sell privately in blocks of 100 shares minimum.  Please PM if interested.
hero member
Activity: 633
Merit: 591
Distribution 214081 is out. No delays. No problems. The way it should be.
hero member
Activity: 633
Merit: 591
OgNasty can provide statistics because I add public dump:

https://nastyfans.bit/dumpstats
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
UPDATE:
OP updated with some fanclub statistics courtesy of nonnakip.  The currently operating statistic is taken as a combined reading from several of our pools.  Since each pool calculates this differently, it varies quite a bit.
hero member
Activity: 633
Merit: 591
If a seat is listed on the auction thinger, yet remains unsold at the time distributions are totaled & sent

... would a seat marked for "accepting donations" continue to get donations until auction completion and the seat(s) have been transferred to the new fan?

Seats are not marked as accepting donations. Your account is. Either you accept donations for all your seats or you do not accept donations.

Either you own a seat or you do not. A seat listed on the auction is not related to ownership.

Example... You own 100 seats. You have all 100 seats listed on the auction. Some of the 100 seats maybe tied in purchase orders. But until purchase orders are confirmed YOU own all 100 seats. If I do distribution you get 100 donations for your 100 seats.
sr. member
Activity: 369
Merit: 250
Just saw the transaction (not up to 6 confirmations yet, but whatever)
Block 213576 contains today's distributions.

... but I have 15 seats now. Why aren't the 3 new ones I got yesterday accepting donations?

Distribution 213576 started at 2012-12-21 22:03:07. The distribution is based on the seats at that time. The 4 day delay is because I had problems. Future distributions will not have a delay. Sorry for the confusion.

Semi-related question:

If a seat is listed on the auction thinger, yet remains unsold at the time distributions are totaled & sent

... would a seat marked for "accepting donations" continue to get donations until auction completion and the seat(s) have been transferred to the new fan?
hero member
Activity: 633
Merit: 591
Just saw the transaction (not up to 6 confirmations yet, but whatever)
Block 213576 contains today's distributions.

... but I have 15 seats now. Why aren't the 3 new ones I got yesterday accepting donations?

Distribution 213576 started at 2012-12-21 22:03:07. The distribution is based on the seats at that time. The 4 day delay is because I had problems. Future distributions will not have a delay. Sorry for the confusion.
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