LGS Letsgetstaking.com Staking Pool

andrecsouza 2015-12-02 15:10:56 UTC #40

The transaction below (my second purchase) has been confirmed. It should finally show up at the intended destination

Daffy 2015-12-02 15:12:36 UTC #41

Yeah but only after i pushed the tx to the network. coinprism did not do that it was in their local DB only. I checked several blockexplorers before I got the raw tx from coinprims and pushed it through colorcore1.

andrecsouza 2015-12-02 19:57:56 UTC #42

I received the assets for the transaction below. Thank you!

listmi 2015-12-02 20:42:32 UTC #43

Thanks @andrecsouza, @Daffy wants to say: Coinprism doesn't work, he pushed your transaction. If you send another transaction by Coinprism, you can have problems again.

I believe that @cyberdexter said you in another post. You can try cloud gethashing

cyberdexter 2015-12-02 23:43:46 UTC #44

I definitely recommend using GHcloud over Coinprism. Though Daffy is so kind to push transactions again to the blockchain, best support can only be given if members use the GH platform over a 3rd party platform.

listmi 2015-12-03 12:40:28 UTC #45

Hi @rdyoung

I don't have LGS.

In ABC I prefer monthly but your decison is fine for me.

IN DMT, sorry I am not agree, I too prefer monthly. Why? Because you reinvest now 50% each week and I see this option. but, again, your decision is fine for me.

My idea:

I suppose Dividend Per Coin = ฿ 0.00035 (the worse). 0.00035 x 735 coins = 0,2572.

With monthly payment you can invest the two first weeks, at least, 0,25 BTC (100%) and the last 2 weeks (I think, 1 month = 4 weeks) you obtain more dividends, no?. My idea has another options, you can invest 75%, 65% or 35%. The idea is, you are more free and you can wait for oportunities.

Of course, my idea is valid for ABC.

Again, your decision is fine for me.

ATCkit 2015-12-03 13:48:23 UTC #46

@rdyoung
For ABC, monthly is fine for me. Perhaps on the same day as astro does MNX payouts.

rdyoung 2015-12-03 15:22:43 UTC #47

This could work. 100% compounding for 2 weeks and then let it build up for a 100% payout, rinse and repeat

listmi 2015-12-03 15:34:51 UTC #48

Ok. When "your schedule stops being so wonky" can ask new asset. 100% for 1 or 2 months, you are free when you invest and you give dividens in third month?.

I call this, "tree with big roots".

What is your opinion about Bitcoin Debit Card with dividends?. People has Bitcoin Debit Card and an asset. They buy at the same time.

You answer when you can. Thanks in advance.

rdyoung 2015-12-03 15:40:58 UTC #49

@dazme asked me to run a certificate of deposit like asset many months ago, I am still working out the details on that one. What I have figured out so far is that it would be limited in its release, I am still unsure of whether it would be easier to create a new asset for each "round" or simply have people either transfer the asset to me or destroy it to cashout.
The other realization I had is that if the funds are used to arbitrage I can't guarantee the same value of BTC in and out, the value of the coins held for trading could drop between when someone invests and when they want to cashout.

listmi 2015-12-03 15:55:43 UTC #50

Ok. I spoke with @lothendriel an idea like that. I explain because, remember, I hate english and my idea can be different.

My example:

You have three assets (ACMT, DMT and ABC). You suppose 100 ACMT, 100 DMT and 100 ABC.

My idea, you sell an asset fund (I don't know if the name is "certificate of deposit"). Asset fund offers:

If you sell asset fund at 0.1 BTC, you return 0.11 BTC after, for example, 10 weeks. That means, you must give 0.011 BTC by week. The asset fund finish after 10 weeks.

Of course, the numbers are:

Dividens of (100 ACMT + 100 DMT + 100 ABC) x 10 weeks must be greater than 0.11 x number of "asset fund" coins.

I am agree with you in "arbitrage" and I believe, better "people transfer assets to you".

Advantages: You have 0.1 the first week per coin and you can reinvest. The 0.11 btc are the dividends of ACMT, DMT and ABC.

This is @dazme idea?.

rdyoung 2015-12-03 16:08:53 UTC #51

He wanted a way to park btc with someone and have it be both secure and gaining some sort of interest. My reasoning for not launching something like this as of yet us 2 fold, first I am still not quite sure to handle the logistics and tracking and second I had enough to worry about with the other assets I run/manage.

All of the above said, I am all for offering this kind of asset as a service. If I get the tracking on my end figured out I could probably offer varying rates of interest based on length of time all from 1 asset. The longer someone agrees to let the btc be locked down the higher the interest rate.

listmi 2015-12-03 16:30:51 UTC #52

Ok. You know my opinion. This is long term, if we think in "weeks", never tree with strong roots.

I think:

ABC and DMT with 100% reinvestment (2 weeks) is I don't have LGS ()

Can you do the same with ABCR2?. I don't know. Only is a question. If you give dividends 1 per month, break even is earlier, no?.

When "your schedule stops being so wonky", you can do, new asset but the same politic that ABC and/or DMT in reinvestment. The difference, you reinvest 2, 3 months (or 1 month, your decision), no 2 weeks. I buy sure.

You have at the third month (or second) "tree with strong roots". Then you have many posibilities, @Dazme option, my option, ....

LGS for me, is long term. I thought in crowfunding like FRT asset but better, when "your schedule stops being so wonky"

Thanks again.

rdyoung 2015-12-03 16:44:13 UTC #53

I would rather launch a fresh asset for this new service. Keep it very limited in release with a minimum invest amount of 0.5 or 1btc.

As for my schedule, it may have just stopped being wonky for the time being. Where I have been working has seen business really slow down so it looks like I will be moving to an on call based schedule for now. It will probably pick back up after the Christmas and I have other feelers out for work, but for now I will take the opportunity to focus on the assets.

ThePeddler 2015-12-03 20:21:09 UTC #54

Anyone on slack may have seen me mention "pool stamps" before.

Basic idea is a PACMiC like product tied to the performance of various pools (antpool, F2, etc).

I have the logistics of it 90% worked out but the ScryptSHAre idea comes first next week

I agree about not wanting to overdue things with assets....managing one or two is plenty enough time spent!

rdyoung 2015-12-03 23:12:19 UTC #55

@lothendriel and I could easily launch our own pacmic type product backed by the GHS that DMT currently owns. The reason I haven't been serious about launching a fixed return product aside from the first incarnation of ABC is the logistics surrounding payouts.

Will your "stamp" allow for cashouts? Will it have a max total return including the cashout value?
My "CD", still not sure what to call it because it has risks that a CD doesn't, will not be a regular dividend payer, it will accrue the interest non compounding and be available for withdrawal of interest or interest+principal after the lock in period has expired. I am still designing the spreadsheet in my head, I think I know how to track it based on the sheets I have built for ABC/DMT/ETC, I also believe it will be easier to track if I keep it as a limited release and niche product.

ThePeddler 2015-12-04 00:31:15 UTC #56

The thought was that since one can't control where assets go once they are in the wild, each one would be a separate asset with a fixed amount created up front and duration for payouts.

For any given tracked pool, it would be a fixed value the asset costs (returned at the end) plus interest daily or weekly based on a calculation around pool performance. There would be no cap.

Payouts would go to whoever holds the token at the time so in theory if folks want to cash out they could sell at a premium to the face value or at least the value the token was initially bought for.

rdyoung 2015-12-04 00:37:13 UTC #57

You can do cashouts by having them send the asset back to you or destroying it and providing Proof Of Burn, this is how I plan on doing the "cd".
Basically your wanting to offer a mining contract that is based on a pools daily payout, just like the hashlets
You might as well make it a derivative so that you don't have to have hardware pointed at those pools. I already scooped up a couple of tickers for mining derivatives , unless you plan on having the hardware pointed there in which case you will need to account for maintenance costs, management, etc.

ThePeddler 2015-12-04 01:11:14 UTC #58

I don't know if being compared to hashlets is an insult or not.......It was a great idea that was just run by an idiot.

My purpose of the pool stamps would be as a creative loan for other projects and there would be no actual mining happening at said pools (exactly what bitmain does with PACMiC....).

I could just as easily create an asset and pay a fixed interest rate but where is the fun in that

Once the ScryptSHAre asset is live next week it will be clear what funds will be used for if I ever go ahead with the stamp idea

also legality of the fixed income asset we keep talking about is another reason neither of us have created one

rdyoung 2015-12-04 02:00:38 UTC #59

I am 99.9% sure I have the legalities of crypto asset management nailed down. It will cost about 1k to get registered as a commodities pool operator with the nfa if I remember correctly. There are also ways to not have to register but either way you are clear to take in fiat with no worries about the issues that have debated here and elsewhere by people who have done little to no reading on the regs covering commodities and securities.