📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 79.

plasticAiredale

full member

Activity: 207

Merit: 120

Quote from: OgNasty on September 19, 2014, 02:15:32 PM

It looks as though Butterfly Labs may have been raided by the US Marshals this morning. This is still unconfirmed.

http://www.reddit.com/r/Bitcoin/comments/2gvnhm/butterfly_labs_bfl_raided_by_us_marshals_today/

Did we get our refund yet?

maqifrnswa

sr. member

Activity: 454

Merit: 252

I know people don't read here all the time, but simply put:

without dilution shares are worth negative BTC
with dilution shares are worth positive BTC

I don't see how anyone could vote no, unless they think they can get a better deal on the debt - but if they do they should be presenting their arguments...

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Quote from: OgNasty on September 19, 2014, 02:15:32 PM

It looks as though Butterfly Labs may have been raided by the US Marshals this morning. This is still unconfirmed.

http://www.reddit.com/r/Bitcoin/comments/2gvnhm/butterfly_labs_bfl_raided_by_us_marshals_today/

Wow.. Mixed emotions..

boomertoo

member

Activity: 392

Merit: 10

Quote from: OgNasty on September 19, 2014, 02:15:32 PM

It looks as though Butterfly Labs may have been raided by the US Marshals this morning. This is still unconfirmed.

http://www.reddit.com/r/Bitcoin/comments/2gvnhm/butterfly_labs_bfl_raided_by_us_marshals_today/

Still not confirmed on any google news search, could be a po,d bfl customer posting fud on redit

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

It looks as though Butterfly Labs may have been raided by the US Marshals this morning. This is still unconfirmed.

http://www.reddit.com/r/Bitcoin/comments/2gvnhm/butterfly_labs_bfl_raided_by_us_marshals_today/

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

Quote from: CumpsD on September 19, 2014, 11:58:59 AM

No voters can still change their mind and change their vote Wink

Excellent! Let's hope some initial gut feelings are thought through more thoroughly.

CumpsD

sr. member

Activity: 476

Merit: 250

No voters can still change their mind and change their vote Wink

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

It's close. If you haven't voted yet, please consider carefully before you do. I believe debt elimination is very important and is the best option for everyone going forward. It's strange that we have heard no arguments against from the nay voters.

djjacket

hero member

Activity: 784

Merit: 501

Quote from: PCComf on September 19, 2014, 09:52:09 AM

https://bitcointalksearch.org/topic/m.8795620

It was mentioned there.

Possibly the poll presents one side of the story: The seat dilution. Perhaps it is just a matter of people reading headlines and not digging deeper. Due to no longer paying on the debt, the per-seat payment should increase even with the dilution if my understanding is correct.

I agree - my first gut reaction to it was no way to the dilution. Hopefully everyone will understand the full impact of debt elimination long term!

PCComf

member

Activity: 90

Merit: 10

https://bitcointalksearch.org/topic/m.8795620

It was mentioned there.

Possibly the poll presents one side of the story: The seat dilution. Perhaps it is just a matter of people reading headlines and not digging deeper. Due to no longer paying on the debt, the per-seat payment should increase even with the dilution if my understanding is correct.

Newar

legendary

Activity: 1358

Merit: 1001

https://gliph.me/hUF

Quote from: Squirrel Dearing on September 19, 2014, 09:34:32 AM

[...] Also, OG Nasty said something along the lines that he's working on a plan to re-absorb those extra seats later down the road (to get back to 25,000 seats)

I must have missed that. Do you have a link?

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Quote from: CumpsD on September 18, 2014, 06:27:33 PM

32% still left to vote, gonna be needed if you want to get to 75%

Would love to hear feedback from the no voters on what made them decide that way

I'm curious too - I am one of the lenders, and OG Nasty said that all lenders agreed to the proposal, so, I can't see why a non-lender would not agree to it... The only negative is the extra seats but that is offset by the change of percentage and the fact that there would be no debt. Also, OG Nasty said something along the lines that he's working on a plan to re-absorb those extra seats later down the road (to get back to 25,000 seats)

CumpsD

sr. member

Activity: 476

Merit: 250

32% still left to vote, gonna be needed if you want to get to 75%

Would love to hear feedback from the no voters on what made them decide that way

maqifrnswa

sr. member

Activity: 454

Merit: 252

From a business outlook, this is a no brainer. Without this dilution nastyfans has a negative valuation; the balance sheet is fatally in the red.

What are the arguments against dilution?

kroneko

member

Activity: 140

Merit: 27

I settled with Nasty a bit back, but I think this is a fair option for both lenders and other seat holders - as noted we're reducing our debt so we'll result in higher payments per seat. Additionally, those who lended end up getting in a better position to reap the benefits of our new hardware which they helped fund in the first place. I can certainly understand the hesitancy some have over this, but if we're out of debt we are better positioned to move forward and it'll raise the return to seat holders and should help prop up their value.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Blazed on September 14, 2014, 01:03:50 PM

Quote from: CumpsD on September 14, 2014, 01:03:03 PM

Debt free sounds good, getting higher donations sounds good as well

Agreed I already voted yes with my tiny bit of shares that I own!

I appreciate the support. I am a bit perplexed by the votes that are against the plan.

It looks like one of our PSU's died, which is the 2nd PSU we've lost since getting the Monarchs. I have already placed an order for a replacement, and will exchange our dead unit so that we have a spare as soon as possible.

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: CumpsD on September 14, 2014, 01:03:03 PM

Debt free sounds good, getting higher donations sounds good as well

Agreed I already voted yes with my tiny bit of shares that I own!

CumpsD

sr. member

Activity: 476

Merit: 250

Debt free sounds good, getting higher donations sounds good as well

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: Squeaker on September 14, 2014, 11:50:05 AM

yeah, I saw it already

=squeak=

Pretty much a no brainer...NastyMining sheds over 200BTC of debt for only $17,000 from how I read it... Let it be known I will offer anyone here $17k for 200BTC any day of the week! Cool

Edit: we dilute the shares a bit by adding 5k more, but we then get higher payouts per share.

Squeaker

sr. member

Activity: 450

Merit: 250

yeah, I saw it already

=squeak=

Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 79. (Read 959381 times)