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ngdias

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Re: SafeHash
« Reply #80 on: August 21, 2015, 01:20:51 pm »

I could reply to you, printshop, but I'm not sure you'd be interested in continuing this discussion AND we're hijacking the topic. I think I'll leave it as it is.
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printshop

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Re: SafeHash
« Reply #81 on: August 22, 2015, 04:59:02 am »

I could reply to you, printshop, but I'm not sure you'd be interested in continuing this discussion AND we're hijacking the topic. I think I'll leave it as it is.

Nahh it's totally fine. Not much else going on here.

I've always said it would take 6 months to a year just to establish a basic reputation. We're coming into the tail end of that now; every call we've ever made has come out true except one (which we didn't really push on yet), and having passed through the fire of public spectacle over that is very important. In the future when we issue an investment alert and people start whining about how mean we are and how we have no right to x y z, we will have some very convincing data to back us up.

If it's taken 12 months just to get into people's heads that we aren't going to disappear overnight and that the decisions I've made have served shareholders better than what they would have done on their own, then that's great! Step by step. People need time to see how things worked out. By the end of this year I am sure a lot of our internal plans are going to come around and we will start chugging along again. These things take time to do right. As Warren Buffet said, the first rule is not to lose money.
« Last Edit: August 22, 2015, 05:02:53 am by printshop »
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garp

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Re: SafeHash
« Reply #82 on: November 15, 2015, 02:57:02 pm »


Seeing as how the client now reports previously "invisible" dividend payments it makes sense to resume weekly payouts.


Sorry to ask questions again about these dividend issues.
Can you clarify please?
Do we need  a specific version of the client to show dividends?
And is that version also showing dividends paid in the past?
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printshop

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Re: SafeHash
« Reply #83 on: November 16, 2015, 08:12:31 am »


Seeing as how the client now reports previously "invisible" dividend payments it makes sense to resume weekly payouts.


Sorry to ask questions again about these dividend issues.
Can you clarify please?
Do we need  a specific version of the client to show dividends?
And is that version also showing dividends paid in the past?

I'm not really sure. I check in every week or so and either reinvest or pay some dividends out. If you have the latest version of the client it should show all dividends paid (other than those paid manually, which will show up as direct transfers). However all dividends are now being paid using the dividend payout feature so they will show up there.

The game plan has not changed, the school is nearing completion, and we expect to take occupancy before the end of the year. At that point KNS should start generating significant income (and we are going to get that as major shareholders).

shmoula

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Re: SafeHash
« Reply #84 on: November 16, 2015, 05:45:55 pm »

Dividends paid with core function should be visible in Account ledger since NRS 1.6.2, but last paid dividends date is 31/08/2015 so this transaction is not visible, because Account ledger works after some block after that date.


Seeing as how the client now reports previously "invisible" dividend payments it makes sense to resume weekly payouts.


Sorry to ask questions again about these dividend issues.
Can you clarify please?
Do we need  a specific version of the client to show dividends?
And is that version also showing dividends paid in the past?

I'm not really sure. I check in every week or so and either reinvest or pay some dividends out. If you have the latest version of the client it should show all dividends paid (other than those paid manually, which will show up as direct transfers). However all dividends are now being paid using the dividend payout feature so they will show up there.

The game plan has not changed, the school is nearing completion, and we expect to take occupancy before the end of the year. At that point KNS should start generating significant income (and we are going to get that as major shareholders).
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printshop

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Re: SafeHash
« Reply #85 on: December 01, 2015, 03:45:13 am »

We just paid a dividend of 0.01 per share and bought back something like 20,000 shares.

More great news to come! Please share your questions and concerns...

printshop

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Re: SafeHash
« Reply #86 on: February 05, 2016, 03:55:53 pm »

In lieu of dividends in January and February we have issued buy orders at or above 0.99 for all outstanding shares.

This means the mistakes of the past (investing in the chain-default crap based on LTCgear) have finally been rectified.

2016 will be an interesting year for SafeHash!

shmoula

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Re: SafeHash
« Reply #87 on: February 07, 2016, 06:42:05 pm »

Is this the buyout announcement? I'm confused a little bit :)
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printshop

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Re: SafeHash
« Reply #88 on: February 08, 2016, 02:54:38 pm »

Is this the buyout announcement? I'm confused a little bit :)

Someone has been on the ask for quite some time on SafeHash and BearMining. They've just been bought out of SafeHash, which I did instead of paying proper dividends. The basic idea is that most of SafeHash is privately held and those shareholders wanted the other party bought out before coming up with a payout ratio for 2016.

A payout of 0.022 per month (2.2%/month) will represent ~30% APY at a payout ratio of, we estimate, 80%...

I may take this down to 55% or so (say 0.004/wk) and go on a buying spree. I'd like to grow the fund a bit more this year and there looks like maybe one or two good opportunities in crypto space right now.

I was toying with having KNS just buy out the entirety of SafeHash but SafeHash is really a different animal than KNS. KNS represents something else I'd like to keep compartmentalized for now (the esl/print-shop side of what I am doing). SafeHash is just an investment fund.

JanSako

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Re: SafeHash
« Reply #89 on: March 08, 2016, 04:19:10 pm »

Hi Printshop,

Any news? haven't seen the divs for Feb go through, or any moves from you on the market...
What was the decision about the amount of dividends for this year?

Thanks!
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printshop

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Re: SafeHash
« Reply #90 on: March 10, 2016, 03:06:36 pm »

Hi Printshop,

Any news? haven't seen the divs for Feb go through, or any moves from you on the market...
What was the decision about the amount of dividends for this year?

Thanks!

See the message above yours ("They've just been bought out of SafeHash, which I did instead of paying proper dividends.")

Anyways despite saying earlier that I would keep SafeHash and KNS separate, the fact is that "KPS" and KNS as a result are really starting to explode. I realized today that it's worth about a million dollars.

The really big problem with the company however is that it invests into NXT, which is garbage. Unfortunately -- and no one is sadder than myself to have to say it, but it was a mistake investing into NXT companies (period). We are literally the only worthwhile investment in the community. Oh, I know, there is stuff like Coinomat. But to insinuate it reached it's full value last year and has been on the decline ever since is tantamount to saying that NXT is over.

The basic aspect here is that it may be time to buy out the whole company after all. If so, I won't be doing investors any favors this time. People will get what they put in plus dividends. I'll be honest I am making $2k a week on this and frankly NXT is a bit of a joke. Even if we had the investment of some of james' overhyped crap it still wouldn't make sense to deal in NXT. That really does make me sad. NXT really was technologically more advanced than BTC. But in the end greed and corruption destroyed it.

Well, divs for March should go thru on both companies, I'm making the transfer to Quadriga next week.

JanSako

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Re: SafeHash
« Reply #91 on: March 10, 2016, 07:51:00 pm »

There really is no need to deal with NXT for you any more. Lots of assets moved on to a BTC payout (SuperBTC I guess).

I am sure you noticed NXT-47L4-3ZFH-VP8P-2EA84 was pretty much the only one besides your subsidiaries that made any purchases or Safehash since oh.. last September or so. That is me. Not a whole lot, admittedly, just what I can afford to lose.

Look, I know we have to be realistic here, and in the end you can do whatever you want to do, of course. And you have worked your behind off for the last 1,5 years you were working on the school.

I am calling you out on the 'shareholders first' attitude you have been showing until now. I just hope it did not mean 'the most important shareholders only', meaning yourself.


Now the hard part...

This: "People will get what they put in plus dividends." is what you meant with these statements of yours:

"we aren't going to disappear overnight and that the decisions I've made have served shareholders better than what they would have done on their own"

"we have a plan and it's working"

"In another 3-6 months a schpeil like this won't even be necessary because we will be rolling in it."

If you are making $2000/week 'from this', guess you are kinda rolling in it...

I know pretty much everyone else sold out already, may be just you and me here :-).  How do you reconcile your 'shareholders own the company' principle with the 'buyout offer' you just made? Not really sure if it was a buyout offer, I only saw you state that KNS is worth $1 million.

$1 000 000/about 61 000 shares not on the asset issuer account = $16.40 or so per share, or 1906 NXT/share (buybuybuy! ...or not...)

How much are you planning to offer for a share? Are you planning to turn both Safehash and KNS into private/closed company? (that seems like a given)

Thank you!

JS

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whatnxt

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Re: SafeHash
« Reply #92 on: March 11, 2016, 01:07:50 pm »

There really is no need to deal with NXT for you any more. Lots of assets moved on to a BTC payout (SuperBTC I guess).

SuperBTC is the issue or the point depending on where you stand. NXT has become the transaction fee for moving other assets about and so, to be successful, its value has to be less than the value for moving the asset using any other technique. So dirt cheap...

Similarly NXT has no need for centralized exchanges any more. Its value is in its utility and you can always buy it in exchange for an asset you have brought into the ecosystem.


So why not move to SuperBTC payments watch the centralized exchanges die and be happy that NXT is cheap as chips.

It does means that:
- the only NXT you want hanging around is for transactions not for trading.
- a business should have its own block chain with assets that are compatible with supernet. I think that's where Coinomat is heading.
which is the logical way to go anyway, after all a Business has value but its value does not have to be measured using NXT as an intermediary. You should be able to trade a Businesses asset for any asset you like.
 
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printshop

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Re: SafeHash
« Reply #93 on: March 29, 2016, 01:44:16 am »

There really is no need to deal with NXT for you any more. Lots of assets moved on to a BTC payout (SuperBTC I guess).

I am sure you noticed NXT-47L4-3ZFH-VP8P-2EA84 was pretty much the only one besides your subsidiaries that made any purchases or Safehash since oh.. last September or so. That is me. Not a whole lot, admittedly, just what I can afford to lose.

Look, I know we have to be realistic here, and in the end you can do whatever you want to do, of course. And you have worked your behind off for the last 1,5 years you were working on the school.

Interesting, I was thinking of moving into BTC. But no I wasn't aware of that. Anyways thanks for the validation lol, it's appreciated, I am grateful.

I am calling you out on the 'shareholders first' attitude you have been showing until now. I just hope it did not mean 'the most important shareholders only', meaning yourself.


Now the hard part...

This: "People will get what they put in plus dividends." is what you meant with these statements of yours:

"we aren't going to disappear overnight and that the decisions I've made have served shareholders better than what they would have done on their own"

"we have a plan and it's working"

"In another 3-6 months a schpeil like this won't even be necessary because we will be rolling in it."

If you are making $2000/week 'from this', guess you are kinda rolling in it...

I know pretty much everyone else sold out already, may be just you and me here :-).  How do you reconcile your 'shareholders own the company' principle with the 'buyout offer' you just made? Not really sure if it was a buyout offer, I only saw you state that KNS is worth $1 million.

$1 000 000/about 61 000 shares not on the asset issuer account = $16.40 or so per share, or 1906 NXT/share (buybuybuy! ...or not...)

How much are you planning to offer for a share? Are you planning to turn both Safehash and KNS into private/closed company? (that seems like a given)

Thank you!

Regarding KNS-- KNS is a failed IPO. The assets are a $500,000 property. The income is $2k/week. After I pay myself there is a lot left over, some of which goes towards paying dividends and making acquisitions in NXT and other. So why isn't KNS paying 100s of NXT in dividends per week? Simple. There are 60,996 outstanding shares of KNS out of 10 million on IPO. So that's a half of one percent. I don't have to tell you that's worth about fifty bucks a month in dividends. That's the reality of KNS. It is an unstoppable force which will never go away however -- mysteriously -- no one wants to buy it. That's actually fine. KNS exists in the real world with 99.95 of it's assets. If NXT wants a kick in the pants then let's move that up to 1%. Let's see some toy investment. The weekly purchases as we move serious money into NXT each week would probably be enough to kick us back up to 0.00005. Not a joke.

SafeHash. SafeHash is worth 1 NXT. It always has been and always will. SafeHash operates on a different principle than KNS. SafeHash HAS to make money from it's investments or it can't pay out and merely re-purchase itself out of it's profits. This is why I bought so heavily into KNS with SafeHash -- because I knew that it would essentially guarantee the fund. My hidden trick with safehash was to increase the cashflow so that if we had any kind of failure in an asset (like SATOSHI) we could just eat the loss. And that over time we will have eventually made enough cash to just float the entire asset on the buy side. My idea was that such large buy orders would increase confidence in the asset. The worst possible thing occurred. Every other asset failed and was dumped. Including SafeHash. But because of my guarantee people didn't "dump it" they just put up ask orders for 0.9 to 1 NXT (lol).

Okay so you see the pathetic market action we had, right? It took us soooo long to buy out everyone who was dumping shares. But we did it out of profits. Right now we are so hyperleveraged it's funny. Imagine if someone just went and bought 300,000 shares of SafeHash. Well we already have the cashflow to support divs on that. So right now we are about to explode in terms of acquisitions. It's the old safehash dream coming true. Either people buy in and we get millions of NXT, or the fund doubles down on itself and we get millions of NXT. It sounds kooky, but a year and a half on it's working. I wonder how long it will take everyone else to figure out.

I'm sorry for flipping my lid last month and talking about shutting it down. The truth is though that the underlying business has changed. There is no such thing as profitable mining now (compared to services). Services which take a % are the new thing in crypto. You could see it coming as new "pro" exchanges like Quadriga came online and the old shitty exchanges died out. Then more and more services came, like coinbase, and so forth, even as the shitty services like bitbet died a hard death.

But I ramble. SafeHash is worth 1, always has been, always will. A "buyout" means I put up 1 NXT per outstanding share and walk away. It's not like anyone is losing money. Well, I would make an annoucnement. I'd probably send NXT mail to every shareholder to make sure they knew what was going on. I'm not out to fool anyone or rip anyone off. But you can be assured that it's literally impossible to lose money in SafeHash now. The question is whether I want to keep SafeHash going as-is and just let itself buy itself out (the original plan) or just shut it down. But shutting it down does not mean taking anyone's money. It's "youse guys" money not mine. Don't worry about that :p

Beyond all this, the main issue is $ and time. Not much money over a long time period. So I don't come here anymore. Just enough to announce that $50 a month in divs. I'd love for that to change, maybe one day it will, but really I can't be expected to work 10-20 hrs a week for years with no real payout. NXT has gotten a lot smaller and I don't see it growing anymore. If the community was growing that would be a different story. I would be here to push it and help it grow. But I'm sad to say it's stagnating. NXT used to be like #4 or so now it isnt even in the top 10 in crypto. IIRC it isn't even in the top 20. Now, if I wanted to, I could probably kick it up a few notches. But why. For what. No one's here.

printshop

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Re: SafeHash
« Reply #94 on: March 29, 2016, 01:51:06 am »

Transaction 2318793242898610475 Info
Type: Dividend Payment
Asset: 14777906162204143382
Asset Name: SafeHash
Amount Per Share:  0.01 NXT
Height: 715540
Sender: You


Paid for March 2016.
« Last Edit: March 29, 2016, 01:54:31 am by printshop »
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printshop

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Re: SafeHash
« Reply #95 on: March 29, 2016, 01:54:54 am »

April divs will be paid next weekend.

devlux

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Re: SafeHash
« Reply #96 on: April 04, 2016, 12:17:34 am »

April divs will be paid next weekend.

Probably too late for dividends, but I bought some, just an FYI.  Keep up the hard work.
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printshop

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Re: SafeHash
« Reply #97 on: April 07, 2016, 07:56:19 pm »

April divs will be paid next weekend.

Probably too late for dividends, but I bought some, just an FYI.  Keep up the hard work.

Case in point. It slipped my mind as there was no reminder. I should have stuck a post-it note to my screen :/

I'll take a look at it in the morning...

printshop

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Re: SafeHash
« Reply #98 on: April 22, 2016, 05:09:50 am »

Transaction 5631899701380994066 Info
Type: Dividend Payment
Asset: 14777906162204143382
Asset Name: SafeHash
Amount Per Share:  0.01 NXT
Height: 750194
Sender: You


Paid for April 2016.
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