Re: [NastyFans.org] NASTY MINING | ASIC + Scrypt BTC/NVC/LTC/XPM/NMC/FTC/IXC/DVC
Very cool Ognasty! So how does this work? If someone buys seats on bitfunder the issuer of the pass-through (you?) buys seats on sale at nastyfans? Or is it completely seperate, if so which seats end up on bitfunder?
I am not part of any pass-throughs. There are no special nastyfans seats reserved for pass-throughs. I assume OgNasty is using own seats for the pass-through on BitFunder.
I'm getting very close to finalizing a pass-through on btct.co. I also plan 100 shares = 1 seat.
How it would work:
First the pass through would purchase seats through nastyfans. Then, shares would be put up for sale on the exchange.
The pass-through will have a publicly identifiable name in the list so seats held in reserve can be checked against number of shares outstanding.
Fees:
I will collect management fees in much the same way TAT runs his Asicminer Micro shares. 95% of donations received will be paid out.
BUT, as a bonus to Nasty Fans everywhere, I will donate 1% back to Nasty Fans. 4% will go to management fees.