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BitBet (S.BBET) September 2014 Statement | Author: Mircea Popescu

Operational results

Received 78 new propositions, of which accepted 15, rejected 63.
Total bets in worth 1809.67706903 BTCi in 480 bets.ii

Revenue : 5.45262023 BTC, of which :
bets resolved : 2.77082899iii
fees from refunds : 0.03183420 BTC
advertising : 0.1 BTCiv
house bets won : 2.54995704 BTCv
gracious donations to shareholders : 0.0 BTCvi

Expenditure : 2.34442698 BTC, of which :
referrals paid : 0.74442698 BTC
house bets made : 1.60000000 BTC
interest : waived.

Profit : 3.10819325 BTC.

Hallelujah! This takes care of the remaining 1.9141942 BTC in arrears, leaving 1.19399905
BTC to be paid out as dividends this month, and 100% of realised profit to be paid out in
the coming months. The relief is palpable.

Miscellaneous

I. In an effort to cut down on proposition spam and encourage contributors to put some
thought into the propositions they contribute, we’re introducing a one bitcent minimum for
all new propositions. This shouldn’t be a significant barrier to entry for legitimate bettors,
while it should make it unlikely for anyone to waste valuable mod time on nonsense.

II. For his excellent aftermarket contributions Mike Cirello has received 10`000 S.BBET
shares. (As a private gift from the managing partners, not through share issuance). 
Congrats and keep going!

III. We’re adjusting the affiliate commission going forward from 100% of the rake (1% of
the bets made) to 50% of the rake (0.5% of the bets made).

IV. As previously announced, I have released the 10% of shares held into the managing
partners’ accounts. The fixed price 30% is also going to be released back into the accounts
of the managing partners later on. Thus the longest IPO in the history of Bitcoin is coming
to an end, two years later, through administrative measures.

V. As the #bitcoin-assets deeds bot is functional, this as well as all other MPEx reports will
also be published as signed statements on that system.
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