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Author Topic: SafeHash  (Read 23719 times)

martinyin

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Re: SafeHash
« Reply #20 on: January 31, 2015, 04:16:30 pm »

thanks, im in :)
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printshop

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Re: SafeHash
« Reply #21 on: January 31, 2015, 08:31:33 pm »

thanks, im in :)

You are welcome! Ask me anything.

Also please note, that the asset ID for DailyTrade has changed. It is not  18198254847979167603, but 4067957116552280224. It appears you or someone is bidding for shares of the old asset; please buy the new asset instead.

martinyin

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Re: SafeHash
« Reply #22 on: February 01, 2015, 12:49:17 am »

thanks, im in :)

You are welcome! Ask me anything.

Also please note, that the asset ID for DailyTrade has changed. It is not  18198254847979167603, but 4067957116552280224. It appears you or someone is bidding for shares of the old asset; please buy the new asset instead.

why did the buy order placed by the issuer at 0.99 disappear?
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printshop

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Re: SafeHash
« Reply #23 on: February 01, 2015, 02:11:14 am »

thanks, im in :)

You are welcome! Ask me anything.

Also please note, that the asset ID for DailyTrade has changed. It is not  18198254847979167603, but 4067957116552280224. It appears you or someone is bidding for shares of the old asset; please buy the new asset instead.

why did the buy order placed by the issuer at 0.99 disappear?

Someone sold their shares of Daily.

01/02/2015 06:20:59   Sell   1'000   0.995   995
01/02/2015 06:20:59   Sell   1'000   0.99   990

I just replaced the bid order. SafeHash is an extremely liquid asset, DailyTrade somewhat less so, but I will always make an effort to keep a bid up at 0.99 or better for both assets.
« Last Edit: February 01, 2015, 02:23:50 am by printshop »
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garp

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Re: SafeHash
« Reply #24 on: February 02, 2015, 05:16:44 pm »

Any explanation about the transactions of today?
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printshop

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Re: SafeHash
« Reply #25 on: February 02, 2015, 08:52:44 pm »

Any explanation about the transactions of today?

It looks like some people bought and sold some shares -- not sure which transactions you mean. We're actively trading a number of assets like Coinomat and USDbitfinx, and some others. Which do you mean?

garp

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Re: SafeHash
« Reply #26 on: February 03, 2015, 05:35:29 pm »

Any explanation about the transactions of today?

It looks like some people bought and sold some shares -- not sure which transactions you mean. We're actively trading a number of assets like Coinomat and USDbitfinx, and some others. Which do you mean?

#    Timestamp   IO                    Account                                Amount   Type   Fee    Transaction
102.    01.02.2015 08:53:11      NXT-VGWL-74SL-8EDC-6J3W3    1.00   Payment   1   15359389627286636551
103.    01.02.2015 08:52:57      NXT-9HP3-8QJW-NY3Y-9QLLZ    1.00   Payment   1   17387484240241591969
104.    01.02.2015 08:52:41      NXT-TU9M-RZM6-5WUY-9LANW    1.00   Payment   1   8346372986124569357
105.    01.02.2015 08:52:25      NXT-EUH2-Y9LT-J54V-EPB56            1.00   Payment   1   3295423779352379358
106.    01.02.2015 08:52:03      NXT-DCUZ-GC45-SBKW-5FNY7    1.00   Payment   1   6631199196181748730
107.    01.02.2015 08:52:12      NXT-MAX4-6ZDE-3QVX-CDMY9    1.00   Payment   1   15870849069368446603
108.    01.02.2015 08:51:48      NXT-D47S-W3YE-VT3G-5KV96    1.00   Payment   1   11924633906776327894
109.    01.02.2015 08:51:33      NXT-F87Z-VNC2-A28A-2ZHYW    1.00   Payment   1   17713892772407651075
110.    01.02.2015 08:51:24      NXT-A3CC-YG8Z-HNFP-23QMS    1.00   Payment   1   1037071872717918125
111.    01.02.2015 08:51:14      NXT-P44H-3ZA6-TQBD-FESF3    1.00   Payment   1   6006480713821828763
112.    01.02.2015 08:50:43      NXT-LJDM-AHWF-Q59M-FZTBK    1.00   Payment   1   4997670831906018558
113.    01.02.2015 08:50:29      NXT-S75C-K4F3-8QDM-9T6V8    1.00   Payment   1   11737192234863663142
114.    01.02.2015 08:49:59      NXT-E3YA-EQ84-9PHC-7E7UC    1.00   Payment   1   8435290281770240436
115.    01.02.2015 08:49:46      NXT-8CBP-XQAH-J47K-GNQPB    1.00   Payment   1   17897181045195287416
116.    01.02.2015 08:49:31      NXT-WTS8-HP56-9HRA-H6HVD    1.00   Payment   1   5524142711981193236
117.    01.02.2015 08:49:19      NXT-V35S-6QQE-B6XH-6LPUR    1.00   Payment   1   17042126642580438817
118.    01.02.2015 08:48:54      NXT-8T88-RJHB-QE2X-H4TXW    1.00   Payment   1   5683418525448889324
119.    01.02.2015 08:48:44      NXT-JGKG-5VF4-CCZS-HTSY3    1.00   Payment   1   5985797166189507722
120.    01.02.2015 08:48:33      NXT-D62V-SLDU-S9S8-H495J    1.00   Payment   1   1985012910973249544
121.    01.02.2015 08:48:23      NXT-XLR8-66PW-253Z-3T5M8    1.00   Payment   1   13299240019821878762
122.    01.02.2015 08:47:49      NXT-JGNJ-5RZ7-C6KY-AC2XL            1.00   Payment   1   15998430551633332411
123.    01.02.2015 08:47:34      NXT-NH53-QEG6-NG4U-6D9DZ    1.00   Payment   1   4039184656290162059
124.    01.02.2015 08:47:21      NXT-7PJE-3NSH-C7W5-GU4FT    1.00   Payment   1   1476453121302648001
125.    01.02.2015 08:46:36      NXT-3KVZ-NF4B-36V2-7B9YA    1.00   Payment   1   5860506737758623608
126.    01.02.2015 08:46:08      NXT-CSMZ-VJV5-YVVP-5FZQU    1.00   Payment   1   5797807424217960965
127.    01.02.2015 08:46:24      NXT-8D65-AVB7-X8SM-2JTX4    1.00   Payment   1   9916547066699099920
128.    01.02.2015 08:45:55      NXT-4ATT-SD4C-VGD4-BYRBY    1.00   Payment   1   10205692356566291922
129.    01.02.2015 08:43:34      NXT-4HFF-7TTU-YTVL-AVMWV    1.00   Payment   1   3644681214783323105
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printshop

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Re: SafeHash
« Reply #27 on: February 03, 2015, 05:50:46 pm »

Any explanation about the transactions of today?

It looks like some people bought and sold some shares -- not sure which transactions you mean. We're actively trading a number of assets like Coinomat and USDbitfinx, and some others. Which do you mean?

#    Timestamp   IO                    Account                                Amount   Type   Fee    Transaction
102.    01.02.2015 08:53:11      NXT-VGWL-74SL-8EDC-6J3W3    1.00   Payment   1   15359389627286636551

Oh that. It's SafeHash business. You will notice that all of those addresses hold or held shares of SafeHash (that transaction was part of a series of messages sent to shareholders).
« Last Edit: February 05, 2015, 09:59:35 pm by printshop »
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printshop

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Re: SafeHash
« Reply #28 on: February 07, 2015, 08:19:17 am »

Date: 07/02/2015 17:11:46
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.00707 NXT
Height: 352365

Transaction ID: 13580078149601024414:
A total of 2047.98104 NXT was distributed among 16 accounts which own a total of 289'672 shares.
A total of 2896.72 NXT was distributed among 16 accounts which own a total of 289'672 shares. (Bonus Dividend)

Transaction ID: 6581950574367165577
A total of 126.84287 NXT was distributed among 19 accounts which own a total of 17'941 shares.


Based on favorable investment results, dividends this week have been cautiously increased by 1% to 0.00707 NXT per share.

The bonus dividend of 0.01 per share (for transferring your shares) has been included in the dividend payment for all new SafeHash shares. If you still have old shares of SafeHash, speak with me over the weekend to exchange your shares and get in on this special one-time offer. If we can get you transferred over to the new SafeHash I'll send along your bonus dividend manually. Thank you for your support, team!

“In the movie 'Wall Street' I play Gordon Gekko, a greedy corporate executive who cheated to profit while innocent investors lost their savings. The movie was fiction, but the problem is real.”
― Michael Douglas

printshop

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Re: SafeHash
« Reply #29 on: February 08, 2015, 06:57:08 pm »

Quote
Hi there!

I just wanted to ask about your safehash asset.

How do you both insure all investment and at the same time use investment for business?

If it is backed 1:1 then I don't understand how you can actually use the investments.

Sorry if this is already answered in some way, I feel like I'm missing something.

This is a great question. I suspect many investors have refrained from investing because they doubt we can do what we say we do.

First let's go back to before LTCgear.com crashed. What we did when we started was insure against a collapse in the mining sector. KNS donated (IIRC) 50,000 NXT towards backing the first 50,000 shares. To make a long story short we invested 1 NXT into usdbitfnx for every 1 NXT we invested into BearMining. The goal of the fund was not to hold everything in 100% NXT just to protect against a mining collapse. Which we did. Admirably.

After LTCgear collapsed, we sold our usdbitfnx and came up with I think about 90,000 NXT in total to support the buyback of whomever wanted to sell. Once that was done, I decided to carry on the fund's activities. I loved the model I had come up with and it seemed to not just be successful but to actually protect investors like I designed it to do. So I had KNS buy about 100,000 shares. The money we raised from that was invested the proceeds into various strong, dividend paying assets like MMNXT or Coinomat.

As it stands now it may not look like the fund is 100% backed but should anything collapse, KNS will be the last in line to make any claims. To simplify, the original investors (before KNS recapitalized the fund) still have their 1 NXT like they always did. But now they have an income from the extra 100,000 KNS invested into the fund. Should the fund collapse for any reason, the original investors will get paid their original 1 NXT before KNS can recover any money or assets from the fund.

That should all be apparent from the contracts in the OP but I don't mind going through it and answering questions.

Let me know if I can be of any other assistance!

p.s. I should add this is all very general, the numbers are approximate. I have a series of spreadsheets I use to keep track of things more exactly.
« Last Edit: February 08, 2015, 07:00:02 pm by printshop »
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printshop

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Re: SafeHash
« Reply #30 on: February 08, 2015, 09:56:23 pm »

Cashflow per share.

One of our goals is to maximize "cashflow per share". Right now we have 333,188 outstanding shares and a cashflow of about 0.012 NXT per share. If we were to sell the remaining 119,000 shares on ask I would invest another 20,000 or so and shoot for a cashflow of about 0.01 per share. Then our reinvestment amount would slowly increase this cashflow. I would ideally like to see a cashflow of 0.02 per share. That will happen faster if we don't sell any new shares or better, if we can buy some back. The way that works is we almost never sell our investment assets. We just repurchase shares out of the insurance fund. That's okay, because with less shares out we need less cash on hand to insure them.

So you can consider SafeHash as a market barometer, to find out what return investors are looking for. If we pay too much we will sell more shares and our cashflow per share will decrease. I think we're about at market equilibrium right now. I am looking to reinvest until we can lower our payout ratio from where it is now (about 75%) to more like 50%. I don't know how long this will take, probably around 3 months? Maybe 4, if we don't sell any new shares.

printshop

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Re: SafeHash
« Reply #31 on: February 11, 2015, 03:37:14 am »

With great respect for the previous question, to help shed some light on where we are, I have pulled a few off-site investments we have and put them on the bid side. I will leave these bids active for the remainder of February before returning them to their place. This will lower our profit slightly but not so much as to cause us to lower the dividend.

1. Bid of 50,000 shares at 0.99
2. Bid of 50,000 shares at 0.995
3. Bid of 25,000 shares at 0.9999

This is sufficient to take out even our largest shareholders in one go, at a profit to them based on the length of time they've been holding.

We have additionally this much invested in BTCjam, I may slowly start pulling some of that out because I have been very disappointed in their customer service. Point being, the money is there. The fund is 100% insured. Want us to put up another 100,000 NXT bid? Just ask. Altho by that point we hope it's because someone wants to sell. We LOVE you if you sell back to us. Let us know! For large orders if you PM me I can get you 1 NXT per share! You lose nothing. Sell your shares! Go ahead! We love you! It's okay!

In other news, we've sold out the majority of our shares. We will enter a cooling down period now where we let the fund run at this level for a couple of weeks, see how assets perform, etc. I think that we might as well call it for the end of February. We'll pull the bids and reinvest based on our research in early March.

printshop

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Re: SafeHash
« Reply #32 on: February 14, 2015, 04:26:28 pm »

Date: 15/02/2015 1:26
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.00707 NXT
Height: 358272

Transaction ID: 14240293352757809077
A total of 3308.66102 NXT was distributed among 19 accounts which own a total of 467'986 shares.


I'm a little busy this morning so I will pay old assets' dividends at a later date.

“If you do not change direction, then you may end up where you are heading.”
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printshop

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Re: SafeHash
« Reply #33 on: February 23, 2015, 07:29:45 am »

Surprisingly (or not) iHash, ColdHash, and a number of other assumedly okay investments have simply stopped paying dividends.

This is going to hurt SafeHash very much, and based on a 50% payout ratio we have fallen from 45% APY to about 4%. I'm going to skip dividend payments this week (which will damage DailyTrade's ability to pay as well) while I move the NXT we were staking into other investment platforms.

Your NXT is still there. But due to the results of the staking test I won't maintain large bids anymore. If you want to sell, you're more than welcome to. I expect a large number of people will want to sell. You can sell by putting your shares up for sale at 0.99. If you want you can try 0.995 or 0.999 and I'll buy them out. My rule is that I don't buy-out until we can make at least 1 NXT doing so (I won't buy shares which cost us money to buy, it would damage the fund).

I expect a return to 1% dividends next week. The platforms I have invested in are cryptocoin based, but completely disjointed from NXT and from this community. Will provide updates on the week.

printshop

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Re: SafeHash
« Reply #34 on: February 25, 2015, 01:01:25 pm »

Date: 25/02/2015 21:50:29
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.0007 NXT
Height: 366804
Transaction ID: 9093619449735973364


After great deliberation I have decided to pay dividends this week after all. Better late than never. I just feel it is important to keep things moving and keep a positive attitude. I will pay 0.0007 per share, for a payout ratio of 53.6%. Again, I expect much larger dividends next week as the 200,000 NXT I was using for the forging test has been returned to the liquid currency investments I had previously made.

A total of 331.2848 NXT was distributed among 22 accounts which own a total of 473'264 shares.

“I command you all to fight!"
― King Arthur (First Knight)


printshop

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Re: SafeHash
« Reply #35 on: March 02, 2015, 05:34:46 am »

Date: 02/03/2015 14:29:27
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.002413499 NXT
Height: 370516
Transaction ID: 9093619449735973364

A total of 1132.80049338 NXT was be distributed among 21 accounts which own a total of 469'362 shares.[/b]

It's been an absolutely brutal week, but we're still here. We're much more stable now than ever.

I am thinking of merging SafeHash and DailyTrade. The investment goals are essentially the same, and with the new dividend feature in the client an asset paying daily dividends (vs. weekly) has no justification for it's existence. I'll also be frank, paying daily dividends is a pain, since I am frequently away on business (out of town) and I don't trust local net cafes or wifi to do NXT stuff on. Really, daily dividends are a bit of a gimmick which failed. Then again, why not keep it up? When AutoDiv finally fails (and it will) I'll have the only daily dividend paying asset in the community. The main downside is that the general drought of new SafeHash shares will continue, with no new SafeHash able to be released until at least the end of March (and probably April).

“Don't cry because it's over. Smile because it happened.”
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printshop

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Re: SafeHash
« Reply #36 on: March 08, 2015, 09:44:41 am »

Date: 08/03/2015 18:42:34
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.00150445 NXT
Height: 375218
Transaction ID: 3512839672617254733

A total of 697.8993105 NXT will be distributed among 21 accounts which own a total of 463'890 shares.[/b]

Exchange rates that are positive to NXT hurt our dividend. We have risen 10% this week so our dividend is low (to compensate I have set a payout ratio of 73%). This is balanced out by an increase in the value of your holdings. Dividend is expected to rise next week due to reinvestments.

I've involved SafeHash with a real estate deal I am working on . If it fails, dividends will remain at this level for at least six months. If it works out, there will be a significant boost. Well, excuse me, I guess I had better get working on that right now!

“The way to get started is to quit talking and begin doing.”
Walt Disney

printshop

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Re: SafeHash
« Reply #37 on: March 17, 2015, 01:10:39 pm »

Date: 17/03/2015 02:28:12
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.002 NXT
Height: 381000
Transaction ID: 15338681710355116357


I hate making dividend payment announcements, but I love saving over 100 NXT a week having to do so.
Okay, so, the NxtGlaive money is finally starting to come in. The problem is there's nowhere to spend it. There isn't a single worthwhile investment on the NXT AE (from the standpoint of dividend paying stocks). There are serious problems reverberating around right now, not just with the closure of LTCgear but also with the shutdown of ASICminer/disappearance of friedcat/it was a ponzi all along, and possibly the implication of Havelock, TAT and many others as well. I would not trust any investment in the community right now with the possible exceptions of just-dice and a small handful of others. That is the reason I sold out all our MMNXT for example, because I detected dangerous financial tremors that have the potential to sink it. I am currently moving us more and more into direct holdings and direct ownership investments such as loans, real estate, just-dice, and so on. I am keeping things liquid enough that we will be able to pull out and get into something like CLAMS or whatever, should an opportunity arise.

I would like to go all in on something like BTCjam investing, but I have learned my lesson many times over not to put all the eggs in one basket. It's the only thing that has kept us alive so far.

“You have to dream before your dreams can come true.”
—A. P. J. Abdul Kalam

printshop

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Re: SafeHash
« Reply #38 on: March 22, 2015, 11:52:00 am »

Date: 22/03/2015 02:28:12
Transaction ID: 16406978533751974694

Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.005 NXT
Height: 385959[/b]

A total of 2265.21 NXT was distributed among 19 accounts which own a total of 453'042 shares.

My job is in a state of flux. Like a caterpillar I am in a coccoon, not nearly able to spend time here as much as I want. That's fine, the funds flow is relatively straightforward now. Even KNS is basically profitable. I must say however I am disappointed with the liquidity on SafeHash. I wish someone would buy OR sell. It is a little annoying to see it stuck there. Well, whatever works :)

“Everybody grows but me.”
— Queen Victoria

dolux

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Re: SafeHash
« Reply #39 on: March 26, 2015, 08:04:59 pm »

Hi printshop, I bought 80 SafeHash assets on 2/24/2015 and there has been 5 dividend payouts since then.

"Date: 25/02/2015 21:50:29
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.0007 NXT
Height: 366804
Transaction ID: 9093619449735973364"

"Date: 02/03/2015 14:29:27
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.002413499 NXT
Height: 370516
Transaction ID: 9093619449735973364"

"Date: 08/03/2015 18:42:34
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.00150445 NXT
Height: 375218
Transaction ID: 3512839672617254733"

"Date: 17/03/2015 02:28:12
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.002 NXT
Height: 381000
Transaction ID: 15338681710355116357"

"Date: 22/03/2015 02:28:12
Transaction ID: 16406978533751974694
Type:   Dividend Payment
Asset Name: SafeHash
Amount Per Share: 0.005 NXT
Height: 385959"

I have not received a single dividend payout during this time as far as I can tell.
I am not trying to accuse anyone of any wrong doing but I am inquiring as to any explanation as to why I have not received any dividends.
I expect there is a good and valid reason but I am just not aware of it, could you please explain?

Thanks.   



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