So there is more than double of the original shares issued currently outstanding. Do current shareholder get the first right to buy new shares issued for expansion so that shareholders dont get diluted? I ask because I am going to make an offer in the order book.
New shares represented new hardware. The hashrate value of all (bitfunder and thus new forum) shares was identical (41.8 GH/s/share). There was no dilution. Shares were issued to those that underwrote the hardware purchase at a rate of 41.8 GH/s per share.
Thanks for clearing that up for me. If I did the math right, this is such a much better deal than cex.io at current share prices.
Well Cex.io is a border-line scam. If you buy from them, you're also aiding & actively contributing to the centralization and demise of Bitcoin.
Cex.io is "partnered" with Ghash.io (the mining pool with the power Cex is supposedly selling). They are currently the largest pool in the network and they have proven to be
dishonest pool operators. I repeat, the majority stake in network hash and power in Ghash has been used to perform double spending attacks; from within the organization.
https://bitcointalk.org/index.php?topic=327767.0They are precisely what Satoshi and others warned about early on. A dishonest majority pool, essentially in control of the capacity to tamper with transactions.
They cannot be allowed to continue this way. Do NOT use Cex.