Comments on: F.DERP December 2014 Statement http://trilema.com/2015/fderp-december-2014-statement/ Moving targets for a fast crowd. Thu, 14 May 2026 03:26:40 +0000 http://polimedia.us hourly 1 By: Mircea Popescu http://trilema.com/2015/fderp-december-2014-statement/#comment-111274 Mircea Popescu Wed, 07 Jan 2015 22:03:40 +0000 http://trilema.com/?p=59150#comment-111274 It's going to be proportional. So to understand each other with an imaginary example : Day 1. DERP receives 10`000 dollars investment. Day 2. D.DERP is created, on MPEx, 100 shares. Day 3.a. DERP lists, and is priced (by market, as described) at 28`753 dollars. D.DERP is then worth 287.53 dollars a share --- Day 3.b. DERP takes a further 10`000 investment. Day 4.b. DERP lists, and is priced (by market, as described) at 28`753 dollars. D.DERP is then worth 143.765 dollars per share. --- Day 3.c. DERP behaves fraudulently (as described). D.DERP is worth 0 per share and closes. Make sense ? It's going to be proportional. So to understand each other with an imaginary example :

Day 1. DERP receives 10`000 dollars investment.
Day 2. D.DERP is created, on MPEx, 100 shares.
Day 3.a. DERP lists, and is priced (by market, as described) at 28`753 dollars. D.DERP is then worth 287.53 dollars a share
---
Day 3.b. DERP takes a further 10`000 investment.
Day 4.b. DERP lists, and is priced (by market, as described) at 28`753 dollars. D.DERP is then worth 143.765 dollars per share.
---
Day 3.c. DERP behaves fraudulently (as described). D.DERP is worth 0 per share and closes.

Make sense ?

]]> By: Peter Lambert http://trilema.com/2015/fderp-december-2014-statement/#comment-111271 Peter Lambert Wed, 07 Jan 2015 19:37:58 +0000 http://trilema.com/?p=59150#comment-111271 In the DERP contracts, for example BitPay, "If BitPay IPOs on a legitimate Bitcoin exchange (such as MPEx), holders of D.BPAY are entitled to one share in the IPO for each D.BPAY share they hold". Does this assume that the company will be split into an equal number of shares as the D.derp issues? Or is it going to be proportional to the number of shares issued in the IPO? So if BitPay has an IPO with only 100`000 shares, is each D.BPAY share then worth 1 share of BitPay IPO or would it require 10 D.BPAY to get 1 BitPayIPO? In the DERP contracts, for example BitPay, "If BitPay IPOs on a legitimate Bitcoin exchange (such as MPEx), holders of D.BPAY are entitled to one share in the IPO for each D.BPAY share they hold". Does this assume that the company will be split into an equal number of shares as the D.derp issues? Or is it going to be proportional to the number of shares issued in the IPO? So if BitPay has an IPO with only 100`000 shares, is each D.BPAY share then worth 1 share of BitPay IPO or would it require 10 D.BPAY to get 1 BitPayIPO?

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