Margin by FrilledShark
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Guess it was triggered by seeing it marked red in a google doc somewhere? Well, all good, thanks gpedro
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Dividend paid: http://pastebin.com/HdFmqbRh
I got an error while sending, but I have looked at it and everything should be paid. If you didn't receive tell me and I will make sure you do.We didn't make a lot but I'm hoping that next month will be better,
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We will first pay dividends the 6th. This is to ensure we get the biggest payout possible. If you look at my lending ledger, you will see that 2 people are going to payback their loans the day before.
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Not the best month...
We have earned 30 475 burst. I'm hoping next month is going to be better as more people are going to know about my lending service and then use it. I might also look into trading on LBC. Dividends might come any moment.
More information about about lending:
Lending has a lot of hidden fees, like transaction cost. It also takes a lot of time and I'm also using my own Bitcoins for funding loan ("Loaning from myself to fill loans"). I take 10% of what I earn to cover all of this.
You might wonder what the last 30% goes to. It is an user generated insurance. It will cover what we lose because people default their loans and we can't gather it back with their collateral.
Our current insurance is: 0.005547 BTC
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@FrilledShark said in Margin by FrilledShark:
Not the best month...
We have earned 30 475 burst. I'm hoping next month is going to be better as more people are going to know about my lending service and then use it. I might also look into trading on LBC. Dividends might come any moment.Don't beat yourself up. At the end of the day, you managed to make a profit for us, and an asset that can make constant profits regardless of market conditions is an asset worth holding long term. Keep true to your asset and in time you'll see your baby grow and grow like a magic bean stock. It took 60 years for Warren Buffet to become top 10 richest in the world :D , so... we have time
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@nameless
I did write that:Margin is a experimental asset
That means that I will try out a lot of things to see if they are able to make money. If you aren't happy you can always see them again. You might not get the exact amount back, but then you should have invested in another asset.
If anyone got some ideas they are welcome to post them. I'm very open for new ideas and will be reviewing every singe one.
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@FrilledShark you misunderstood what i meant. Let me rephrase :
Despite the somewhat lower profit than expected, your asset still managed to make a tangible profit. That's good. You have been consistently making profits for 8 months despite the experimental side of the asset. Whatever you're doing works and just needs a tad more improving. I am vested in your asset and keep buying more each time i can spare a burst or two. Keep doing what you do, keep trying and experimenting and the results will show :)
You must have missed the text i wrote between the two pics i posted : Don't beat yourself up. At the end of the day, you managed to make a profit for us, and an asset that can make constant profits regardless of market conditions is an asset worth holding long term. Keep true to your asset and in time you'll see your baby grow and grow like a magic bean stock. It took 60 years for Warren Buffet to become top 10 richest in the world :D , so... we have time
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Dividends!
Our new lending thread has been working great. It has provided us with 50% (or just below) of our earning this month. When I got things set up, I will try to begin selling Bitcoins (or Burst). As I have said before, Margin is an experimental asset and it got no fixed method to earn Bitcoins. I will try everything (With a few exceptions) to see if it works in our favour. The lending thread was a good bet, as it has shown to be more then profitable. I have had a couple of people defaulting, but in the end the insurance covered it perfectly. (insurance worth 0.02 BTC). When everything has been collected, I earned a total of 0.05 BTC. 0.03 BTC gets converted into Burst and paid to our holders.
Except this isn't all. My lending bot has been running 24/7 with only 2 down hours this month. AND Poloniex upped their game and the rates went up once again. It earned a total of 0.04 BTC.
Because of high returns all around, I have chosen to only pay 0.04 BTC and forward 0,03 BTC to next month.Note: all numbers has been rounded down for simplicity. No number has been rounded up.
Enough talk. Where is the dividends?
I haven't send them yet, as I just need to buy the Burst. I might be able to get a better price then what is currently up on Poloniex. I can assure you guys it will come within 2 days.
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Dividends have been sent to all holders.
http://pastebin.com/aRTMVB8LNot quite 1% in relations to Burst, but if you compare it to Bitcoins, it is almost 2%.
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Thanks, shark =)
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Thanks for my payout!
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http://pastebin.com/uWL1Hee6
Dividends have been sent to all holders.Have a nice day
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I have updated OP.
Dividends coming tomorrow or something.
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http://pastebin.com/6bUQvDFj
Dividends sent.
Not that impressive, but a bigger payout will be coming next month!
If you noticed, the banner AD which was bought by me was dedicated to Margin.
A lot of loans was giving to long term. It will hurt a bit this month, but next month is gonna be great.
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It's all good, keep up the good work!
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Where will be no dividends this month. I'm extremely busy this month, but I will have something good coming up.
It will include a launch of a new asset, but more about it later.



