Post
Topic
Board Securities
Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
by
electerium
on 10/03/2014, 18:43:51 UTC
no we are expecting a complete picture when you drop a bombshell and for you to responsibly present information

I'm working on doing so and all I have done is provide an immediate fix that does fit into the original contract promises, with the intent to find a way to benefit early contract purchasers as more hardware comes in.


This is easily the most pressing issue moving forward. Bond value today means nothing because there is no clear direction for the future of the mining operation.

If today and future bond holders are appropriately compensated for increase in hashrate accordingly, then I do not see why this change in structure is so nefarious.

I also feel it is extremely important for you to acknowledge that any decrease in overall hashing entitlement, relative to total mine hash rate, to bond holders directly increases what LRM rakes itself. Or more plainly, LRM rakes in proportionately more today than it did yesterday and no additional bonds have been sold. I do not think that this can move forward without this acknowledgement and a concerted effort to appropriately compensate bond holders, present and future, when the mine increases its hashing power. If there is no such provision, LRM should dissolve itself.