BurstGrow asset realeased!
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This post is deleted!
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@potkas
If you mean to spend coins which are in escrow (so they are not lying idle), I think it makes sense to invest in Haitch's Assets (6037211370250490240).
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@emcb no i did not . i was thinking what to buy from the reinvested burst.
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@potkas
You think to reinvest the money in foreign assets more profitable than in your own?
Then who will buy your asset? People will invest in more profitable assets, if you think that would be more profitable to do so...
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Because a lot of you all are asking for it so lets discus the thing! I would like to know the opinion of my investors about the escrow! Future possible investors may voice their opinion too. For now there are no changes at all so don't panic! But im considering to use up the escrow funds because lot of people asked for it and i was the only against it! And if so then i would use them on poloniex to get the lending part larger! So lets start a healthy discussion about it! Im expecting arguments for or against! On the end of the discussion and if most of you will go for it, we may change things ! I will have to discus this as well with haitch if so. I understand the point behind it! It could raise the income of the asset! But on the other side folks! Are you not afraid i will run away with the burst i get? Im still a new face at here! I promise not to do it and actually haitch knows who i am( i mean my identity) But i want to know if there are people who do not like the idea! I may tell that if we will agree and do it. It should raise the the income from the lending section and speed up the growth of the asset ! On the other side. Until the asset manages to build up on burst coin side(assets), there will be a high risk of price changes! Lets say if burst gets more expensive the bitcoins behind the asset would be worth less(atleast in burst) and the asset itself would loose worth too! It is what we are trying to do except the price drop of the asset! So it may happen :) and hopefully will!
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@potkas I am personally against the escrow assets.
With same success I can only invest half of the funds that I would like to invest.
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@emcb no... As i see you do not know how the asset works! 10% of all incomes are reinvested in to assets! not the money from the assets sold but the income of the asset itself! and for start it got my own assets! Read the first post please it is explained there!
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@potkas
I do not mean the money from the sold assets. I mean the money are in escrow, they lie idle!
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@emcb man... where you think the money on the escrow come from? i said that it would be sent to poloniex if i decide to do so and exchanged for bitcoin to increase lending amount! Only part of the income would be used to buy assets! so please stop spamming and start reading!
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@potkas
Perhaps we do not understand each other because of the difficulties of translation. Sorry for my English
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@emcb No problem. if you talk pollish , slovakian, czech or hungarian i may help :) .
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Because i got no reactions first time, i will try again! People please react because i need to discus this with the investors and the potential investors! In the past i was arguing against it and lot of you wanted to do it! So please give me your opinions on this!
Because a lot of you all where asking for it so lets discus the thing! I would like to know the opinion of my investors about the escrow! Future possible investors may voice their opinion too. For now there are no changes at all so don't panic! But im considering to use up the escrow funds because a lot of people asked for it and i was the only against it! And if so then i would use them on poloniex to get the lending part larger! So lets start a healthy discussion about it! Im expecting arguments for or against! On the end of the discussion and if most of you will go for it, we may change things ! I will have to discus this as well with haitch if so. I understand the point behind it! It could raise the income of the asset! But on the other side folks! Are you not afraid i will run away with the burst i get? Im still a new face at here! I promise not to do it and actually haitch knows who i am( i mean my identity) But i want to know if there are people who do not like the idea! I may tell that if we will agree and do it. It should raise the the income from the lending section and speed up the growth of the asset ! On the other side. Until the asset manages to build up on burst coin side(assets), there will be a high risk of price changes! Lets say if burst gets more expensive the bitcoins behind the asset would be worth less(atleast in burst) and the asset itself would loose worth too! It is what we are trying to do! Except the price drop of the asset! So it may happen :) and hopefully will! so please take your time and tell me your opinion on this!
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I think putting the escrow funds into the lending account is not a good idea, because of the reason you already mentioned: If Burst goes up a lot we loose a lot of money. The escrow reserve of this asset was one of the reasons I invested in it.
A good idea in my opinion would be to invest at least some of the escrow funds into trusted assets or a asset portfolio (because of less risk) for example haitchs asset portfolio.
This way the income gets bigger and we still have money invested in both bitcoin and burst.
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@max Thanks for your opinion! I would not really like to use up escrow like that. The main reason behind doing this asset was to try and help burstcoin gain price. The plan is to do it by exchanging the larger part of the profit from lending back to burst. So the main income should be that! Even if i wont use the escrow and let it as it is. From time to time im going to sell some of the assets and move the burst to poloniex lending acc. If there is escrow i need to keep a smaller asset portfolio. if we use the escrow i will first grow the asset portfolio to atleast 1/3 of the value of the full asset. Just to be clear in case i would sell some assets and move the funds to poloniex. 90 % would be added to the bitcoins of the asset holders and 10 % would be added to my btc. So i think your against this idea. What about other people? Anyone? I would like to read some more comments on this. I got many people asking to use up the escrow before. Thats why i got this idea. If no one then the escrow will stay in place!
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So this weeks dividends are sent now!
Income from lending:0.00577226Btc
Reinvested:0.00144307Btc
Exchanged:0.00432919Btc(0.00000098)Btc/BURST=4417BURST-5%(220)=4197BURST
Sent to wallet:4197-1BURST
Income from mining and assets:2851BURST
Income together:7047BURST
Reinvested in to assets:705BURST-17 for last weak=688burst (SoCalsFarm/20) (CCM100/10) (402/41)my fault i set by accident fees to 20 so spent 60 on fees... i will have to take care next time... i will compensate the difference from my pocket 57 burst :)
Total dividends paid:6342BURST+20=6362BURST-32fee=0.02532BURST/share
this week was great for lending but i think next week it will be back to normal. Well we will see ;) . Anyway enjoy and have a nice weekend!
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So a bit of bad news to share now. 49-ers index is closing... we got a refund of 333.3 of it . as i got 200 for free and invested around 412 in to it we have lost a bit on this. I will not go in to calculations but the total loss wont be that bad! As it was paying dividends daily and yesterday as he announced closing the asset he made 2 larger as usual payouts totaling more than 15 burst i would say our total on this is between -30 to -80 burst. Hope it wont happen anymore! From the refund i bought :
hsassets 4x87=348
the extra 14.7 burst spent will be taken from the next payouts asset reinvest part!
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Sorry guys that the payout is late but i have to wait until i get back the btc :) . I made more than i expected and i had not enough at my wallet to pay the profits. :) . So dont wory you will get it ;)
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Finally this weeks dividends!
Income from lending:0.01532751Btc
Reinvested:0.00383188Btc
Exchanged:0.01149563Btc(0.00000140)Btc/BURST=8190BURST-5%(409.5)=7780.5BURST
Sent to wallet:7780.5-1BURST
Income from mining and assets:2081BURST
Income together:9861.5BURST
Reinvested in to assets:986BURSTi will add later its already morning at here (04:11) i need some sleep before doing it :P
Total dividends paid8875.5BURST-33fee=0.03537BURST/shareLast week i thought the next week wont be as good as it was! So i was wrong . And we are happy i did ! The price of Burst doubled, mining got only 2/3 of the last weeks performance but we got close to 3x that much from lending as last! Of course its not usual! Btc prices are moving much more as normally! Its sort of a panic at there but it helps us make more profit from lending! And of course btc will not crush... But this may help burst hold its price and may even keep growing ! So i wouldn't sell my burst just now ;) .
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so we got this assets : 2xcasino=938+1fee/2xSoCalsFarm=37.94+1fee/1xCCM100=7+1fee=985.94 BURST
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Guys i did a mistake this week and i cant pay the dividends . I will pay next weekend sorry for that! I could pay as early as Tuesday if you wish but i think it will be better if i postpone it by a week. Just to clarify you will get a higher payout next week! The whole thing is that i reinvested the btc so i couldn't pay... But you wont lose anything! You will get it just a week later. If its a problem let me know and i do it tuesday!