How is Active Miner not bASIC
[1] 2.0? Here are some red flags that both have in common:
- Ken isn't an EE/other related field
- Chip design/hardware design is being entirely outsourced
- Ken's "the businessman" but is a very poor one - see the original prospectus, financial statements
- Despite being a native speaker Ken has poor English skills.
As someone who went the extra mile with due diligence and then some, you can deal with these queries relatively easily. The more difficult problems were about proving it was what it claimed (ie not a scam) and about the legal status of all these IPOs (which I still classify as high risk).
If you speak to Ken, and particularly if you also speak to a relevant third party about what is discussed, you will understand both 1 and 2. eASIC's system is absolutely key to both of these points. You can read up about them and how they work. For me, it was the actual selling point, not a negative to say the least.
Point (3) had me concerned as well. There are still certain things I'm wary of but on the whole he's shown himself to me to be a lot more savvy than I had thought, although not so much when it comes to public offerings or (4) communication.
These two latter points were why I suggested, in the strongest possible terms, that a board was formed sooner rather than later.
Is ken perfect? No. Who is! However, what is rare is that you can actually speak to ken. He publishes the bloody phone number! I've exchanged numerous messages with him and spoken on occasion, yet if you read my previous posts you'll see I was quite critical about the way certain things were handled.
However, I'm still here - more than ever in fact.
On the topic of all the trolling, can people please stop responding to it. This thread is becoming a total mess as a result. Sure there are ways to view only certain authors' posts but that is not how the vast majority of people will read it. I know some of you guys mean well but all the dick waving is boring and useless for everyone else.
ActiveMining is a long term investment, in bitcoin terms, and the share price for the next 3 months or so is not the greatest concern. There is another thread for that discussion anyhow. Dividends will hopefully go up in a few weeks (avalon!) but if you're in this for near term dividends then you're in the wrong investment.
It's about the hardware, stupid