Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 239. (Read 479317 times)

What is the point of this? You sold your shares and are now pissed? What do you expect any of us current holders, who have more than doubled our investments to say to this none sense?

That makes me feel a lot better.  So I wasn't in the FIRST WAVE of people he screwed over.  I was in the ONLY WAVE.  

I guess you're missing the point.

I sold at .0009 because I thought he was going to release more .0005 because he already did that.  Ukyo helped a lot of people out by telling him not to do that again.  But guess who it didn't help?  The people who got screwed over the first time, then sold because they assumed he was going to do it again.  

1) KS screws shareholder
2) shareholders sell because they want to buy in at .0005 when KS releases IPO again
3) Share price rises
4) Ukyo says he can't do that again
5) Shareholder who sold now have to buy back in EVEN HIGHER

So those of us who bought in at .0005 because they believed in the company got screwed twice.  Once when he re-released the IPO and the price of our shares immediately dropped.  And again when we sold our shares, believing that he was going to do that again, and he didn't.

Don't get me wrong, I know Ukyo did the right thing, and it benefited most people, but NOT the early investors.  

Doesn't he have to save that 130k for people who are still tendering AMC over to ActiveMining at Bitfunder?

It's okay man, now all you can do just sit back and watch the show  

1) He only has about ~130k shares left to sell
2) He has no plans to release more at .005, that was an old post that no-longer applies
3) He has stated multiple times that any additional shares would be at market value and only after a sufficient notice has been given

Take your F.U.D. somewhere else.

You should try to get your facts better then.

This is what happened back then:

Obviously I'm mad.  I said so in my post.  I'm not mad though...I'm STILL mad!

Or maybe this is the meme I'm looking for...


(and sells when it gets back up to .0009 because he assumes KSlaughter is just going to release more god damned shares at .0005 again.

U mad bro?

.005 shares would be awesome, just another chance to get a few more shares before takeoff.

Realistically though, after the uproar of the last incident, I would think KS would be more cautious about things.

I would think...

Anyone know when KSlaughter is going to release more IPO shares at .0005?




Yeah, I don't forget when someone is a douchebag price manipulator.  I'd have, what, 10x the btc if I'd stayed in, but I had to sell because I assumed this douche would just sell at .0005 again.  Yes, I'm bitter, but I don't see a reason not to be, until this guy releases more IPO at .0005.  Otherwise, I hope this company crashes and burns to the ground.

That being said, I don't want any of the bitcointalk users to lose btc (I like you guys), so I guess I'm torn.  Maybe I just needed to get this off my chest and I'll be fine.  Or maybe I'll drive to Missouri or Mississippi or whatever and smack Ken in the douche face. 

Very low volume, way more bids than asks... is this what you really want to call "fishy" "market manipulation" ?
I'd say it's legit low-volume price jumps in part due to BTCT ActM having been live for only 40h or so.

When there is a large gap in the margins someone will buy or sell 1-10 shares seeing if people will bite, and they have big time today. This would be illegal on a regulated market and honestly shouldn't show a change unless its a larger percent of the daily volume.

Care to elaborate? Not sure I get what you're trying to say..

Hey Ken, please follow up.

I have 5000 AMC transferred on Bitfunder last 3 days ago, and followed the email instruction.
Date transferred 2013-07-23 20:32:11

Please transfer to my AM fund.
What about the dividend for this?

I also have this problem. I tendered my 1350 AMC shares on bitfunder about 24 hours ago per the protocol and have not received my Activemining shares and missed out on the dividend.

Has anyone on bitfunder successfully gotten their tendered shares yet?

No that would be a transfer, not a tender

Ehh, I prefer my shares on btct

I know variations of this question has been beat into the ground (so forgive me if Im adding to the noise) but I wanted to clarify something. Does this mean that any ActiveMining Shares held on Bitfunder can be tendered to ActiveMining on BTCT.CO (if done before the cutoff date)?

Real BTC in circulation and share price at the market do not have a causal relationship, for a number reasons.

If I trade you 10 shares for one 1 BTC each, since you desperately want them and no one else wants to sell, just 10 BTC is needed for this transaction. When done on BitFunder, the market price is 1 BTC and there are 25,000,000 shares in total. No restriction to share price by whichever number of bitcoins in circulation.

When I trade with you on BitFunder, I assume BitFunder backs the BTC you pay me for these 10 shares with real BTC and I will be able to extract these BTC from BitFunder into a address in the blockchain under my own control. These on exchange 'BTC' you pay me with, do not reside in your address in the blockchain, but come out of the BitFunder database. It's just transferring a claim towards BitFunder from you to me. Just hack the database, add some zero's and you can spend whichever amount on shares.

Also, it is easy and profitable to work with a fractional reserve of the funds your being trusted with (a.k.a. banking). In that case, much more (off-chain) BTC can be spend in the total economy, since extracted BTC from the funds go back into circulation. The asset "Ukyo.Loan" is much more costly for BitFunders operator, than a direct (hidden) loan from the 'dead money' residing in BitFunder, so the last one is inevitable to happen somewhere sometime.

Also a loan itself doubles 'BTC' in circulation. The lender has 'BTC' in the form of debt, while the taker has the real BTC to spend. Both have a transactional value and depending on the debtor, the debt is in a transaction 'as good as BTC'.

The answer to your question is: it ain't "different from a standard company thats traded in fiat with no cap".

Shareholders from btct should take advantage of arbitrage, sell their shares on btct and buy on bitfunder.