Nice post DTS, I wish you all the best. Good luck pal.
An even greater post bitotious! Sadly I have no way of offering a true answer beyond speculation and at this stage I'm not feeling enough love to chuck ideas into to mix. Not that ridicule might deter, more my desire to share is waning.
I know Ken better than most because I have been studying him throughout this whole process and interacting. I have a real understanding of the man. And guess what; it's as simple as the the day is long. There
are no surprises and there
is no conspiracy. There's only a poorly managed business which was doomed from the outset because of who was at the helm. THAT'S where we all fucked up. Our greed got the better of us yet sadly there are those who persist and can't seem to understand that the onus lies with themselves. Everything else is a distraction, plain & simple. Ask Blah, *cough*.
I terms of Ken's lies. Yes he absolutely white lied. Understand this; he surely knew he was taking an enormous gamble by 'being selective' with what info he shared with the shareholders but that was because he was certain of a positive outcome for the shareholders, ["Bitcoins will be worth $10,000 in a few months!"] which wasn't that far away from the community belief at that time. I do believe he wanted to make his shareholders successful knowing that would make him successful, sadly circumstances along the way steered the ship off course.
I just think we have all learned enormously from this experience and anyone with half a brain should capitalize on that.
The amount of bullshit still coming from you is simply amazing! You state that you know Ken better than anyone because you were studying him and that you have a
real understanding of him. THIS IS EITHER BULLSHIT OR YOU ARE REALLY STUPID!
How the fuck do you know Ken if you were unable to spot the scam that was obvious from 100 miles away? For me it was obvious from the moment he invented the IntelliHash shit. Even without it THERE WERE NO FUCKING PROVES! There were only words to fool people and by the looks of it you weren't fooled. You were hypnotized by Ken since you are still unable to see the actual facts. I have no idea how do people believe and send money to someone just based on words with 0 facts to back him up.
There is no poorly managed business because THERE WAS NO BUSINESS from the start! There was just a scheme to suck money from stupid investors like you.
Since you were too busy studying Ken you missed out on the opportunity to check his posts history when you made the investment. I will help you:
https://bitcointalksearch.org/topic/ann-virtual-mining-corp-pre-orders-209814 - pointed as being a potential scam right from the first post and the lack of technical info is simply absurd
Also since people from Hardware were giving him so much hard time with hard questions he moved to the Securities forum where people weren't asking so many technical details and they were more interested in the business/money facts which he managed to put them in nice words to fool everyone.
Here is more history for you. On 30 November 2013 Ken was supposed to have some chips in hand, but since he had nothing he had to use his lies again to fool the investors and he invented the IntelliHash bullshit:
ken found out right on 30 November (right on the shipping deadline) that chips are going to be late?
Maybe it slipped by me but I believe November/December is the shipping deadline you are trying to quote right? That would mean december 31st would be "Right on the shipping deadline". Please try to be accurate with your posts.
I find that hard to believe+ fact that there were no reasons supplied. BFL had the mighty "clock buffers", HashFast had "lack of substrate", but VMC has nothing. Yes i should trust this company.
Since you are looking for their excuse here it is.
https://bitcointalksearch.org/topic/m.3782916Intellihash(tm)
Intellihash is our new trademark for our new Bitcoin mining software which gives up to a 20% increase in hashing speed and has the possibility to increase the speed of our mining machines as the difficulty goes up. We have had to modify the software in our chips to make it work with our new software. The chips are going to be late; however, our new Intellihash software could be a game changer for the company.
Don't ask me what Intellihash is, what "modify the software in our chips" means, I don't know nor do I care. I'm simply correcting you like usual.
The intellihash bullshit is simply impossible to achieve in real word. There is no magical software that can make the chips go faster as the difficulty goes up. A chip speed is limited by it's hardware design only.
I am sure that you were fooled just like Bargraphics was. He had no idea what the Intellihash is, but it sounded good enough to put more money into it. And he did! And many others.
Note that Ken was the only chip designer that had this bullshit. Nobody else has a magic software that makes chips go faster as the difficulty goes up!
It was all smoke and mirrors for the uninformed laze investors who were only dreaming to get rich.
So please stop defending yourself and Ken and get your head out of your ass and face reality. Why do you bother posting here? Go to work to recover your lost funds!