[ActiveMining] The Official Active Mining Discussion Thread - page 48.

stereotype

legendary

Activity: 1554

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Quote from: ffssixtynine on September 10, 2013, 12:24:41 PM

Where are the monthly accounts?

Discussion of the website which still has bugs and (IMHO) looks poor. That impacts people's impression and could impact sales.

What's the situ with the Avalon refund and what will happen to it?

Improved communication with shareholders - hopefully a pr guy will sort that.

Improved press coverage. Pr guy again.

Clearly post the approx schedule as I did (it should have come through pr or ken last week).

Will there be an open source board design? That could help chip sales.

Etc.

This sort of thing as these were either promised or could materially affect the profitability of the company. Not micromanagement details which would always be a frigging nightmare (NDA issues, competitors, keyboard warriors, time, etc).

I'm not saying these are good or bad, they're just legitimate questions.

Yeah ok. The first two questions would be good to focus on. When can that be achieved by?

As far as communication goes, i think you are fielding it really well (in particular, the explaining of your position/distance) so maybe you should do it. Although, whoever does it, appears to need the skill to snap Ken out of this 'leave me alone to do it, i know what im doing' martyrdom nonsense.

jinyoubei

member

Activity: 83

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+1

Quote from: SoylentCreek on September 10, 2013, 12:53:27 PM

Advisory board, please try to nudge Ken towards getting a legitimate marketing director. I just showed this image to my cubicle mate, and his response was, "What the fuck is that. A cyber asshole?" Seriously, the current artwork looks like it was done by a 14 year old who just pirated is first copy of photoshop. The logo also looks like ass compared to what hazryder was offering.

SoylentCreek

sr. member

Activity: 266

Merit: 250

I mean... What the fuck?!

SoylentCreek

sr. member

Activity: 266

Merit: 250

Advisory board, please try to nudge Ken towards getting a legitimate marketing director. I just showed this image to my cubicle mate, and his response was, "What the fuck is that. A cyber asshole?" Seriously, the current artwork looks like it was done by a 14 year old who just pirated is first copy of photoshop. The logo also looks like ass compared to what hazryder was offering.

auto2nr1

sr. member

Activity: 350

Merit: 250

Quote from: ffssixtynine on September 10, 2013, 11:51:14 AM

Quote from: bobsag3 on September 10, 2013, 11:22:34 AM

Pretty sure if this was run like any other public company and not "special" because of bitcoins he would have to follow some standard discloser rules... and until he acts like he runs a mature company, he wont get any of my money.

No company needs or wants (or often legally is able) to disclose internal project management documents and provide task details etc which is what EskimoBob is asking for. If this were a 'regular' company, it would not be any different.

ActiveMining aren't looking for investors. If they were then they'd have to decide what to release and some of this would be different.

Neither you, I, nor anyone else has any say in the running of the company. We are not VCs or Angels, we're people trading in shares. It seems some people genuinely don't understand what they're actually trading in.

The core plan was laid out, people invested, the plan is being followed. So I have to wonder why certain people keep dredging up the same trash instead of things which have legitimate questions.

Can we have Ken post up the goals and plan for the rest of the year? If he can point out in details the steps we will be taking and what goals will be met at a certain point in time that would be great. I hope you can get this relayed over to him. Thanks.

ffssixtynine

sr. member

Activity: 364

Merit: 250

Where are the monthly accounts?

Discussion of the website which still has bugs and (IMHO) looks poor. That impacts people's impression and could impact sales.

What's the situ with the Avalon refund and what will happen to it?

Improved communication with shareholders - hopefully a pr guy will sort that.

Improved press coverage. Pr guy again.

Clearly post the approx schedule as I did (it should have come through pr or ken last week).

Will there be an open source board design? That could help chip sales.

Etc.

This sort of thing as these were either promised or could materially affect the profitability of the company. Not micromanagement details which would always be a frigging nightmare (NDA issues, competitors, keyboard warriors, time, etc).

I'm not saying these are good or bad, they're just legitimate questions.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: ffssixtynine on September 10, 2013, 11:51:14 AM

Quote from: bobsag3 on September 10, 2013, 11:22:34 AM

Pretty sure if this was run like any other public company and not "special" because of bitcoins he would have to follow some standard discloser rules... and until he acts like he runs a mature company, he wont get any of my money.

No company needs or wants (or often legally is able) to disclose internal project management documents and provide task details etc which is what EskimoBob is asking for. If this were a 'regular' company, it would not be any different.

ActiveMining aren't looking for investors. If they were then they'd have to decide what to release and some of this would be different.

Neither you, I, nor anyone else has any say in the running of the company. We are not VCs or Angels, we're people trading in shares. It seems some people genuinely don't understand what they're actually trading in.

The core plan was laid out, people invested, the plan is being followed. So I have to wonder why certain people keep dredging up the same trash instead of things which have legitimate questions.

What legitimate questions should we be asking, ffssixtynine?

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: bigdude on September 10, 2013, 09:51:43 AM

As a shareholder, a significantly large one, that is simply scary.

It shows a serious lack of judgment on Ken's part. It's one thing to be an engineer, it's another to try to run a business ... and as time progresses, it is becoming more and more evident that he not only does not have any skills in other areas of business, but worse, he is not willing to acknowledge that and bring in people who DO know what they are doing.

You think that's bad? There are much worse obstacles in ACTM's path than a website made by Grandpa Simpson and Hans Moleman.

Here's a great example, breaking on Coindesk:

Quote

http://www.coindesk.com/hashfast-tapes-out-400-ghsec-28-nm-mining-chip/

The firm is already well into development for its second-generation chip, which uses a FinFet design. FinFet uses 3D structures, in which the microscopic transistors on the chip rise above the planar substrate on the chip. This gives them more volume than a traditional transistor gate, which enables them to conduct electricity more effectively, reducing the necessary voltage and increasing switching performance. The result is a faster, lower-power chip.

“It’s the most aggressive design available in our time schedules,” said Barber, who believes he’ll be taping out this chip in the fourth quarter. He wouldn’t say what process node the design used, but CoinDesk notes that last year, TMSC announced plans for a 16 nm FinFet capability in early 2014.

Will ACTM have a sub-28 nm FinFet design taped out this year? No, not a change in Hell that's going to happen!

BTCT's price is artificially inflated by their small supply of shares. The real price is on Bitfunder, where investors no longer believe ACTM will even repay the 0.0025 IPO value.

Get out now Bigdude, before we have to start calling you BigLoss. Cheesy

ffssixtynine

sr. member

Activity: 364

Merit: 250

Quote from: bobsag3 on September 10, 2013, 11:22:34 AM

Pretty sure if this was run like any other public company and not "special" because of bitcoins he would have to follow some standard discloser rules... and until he acts like he runs a mature company, he wont get any of my money.

No company needs or wants (or often legally is able) to disclose internal project management documents and provide task details etc which is what EskimoBob is asking for. If this were a 'regular' company, it would not be any different.

ActiveMining aren't looking for investors. If they were then they'd have to decide what to release and some of this would be different.

Neither you, I, nor anyone else has any say in the running of the company. We are not VCs or Angels, we're people trading in shares. It seems some people genuinely don't understand what they're actually trading in.

The core plan was laid out, people invested, the plan is being followed. So I have to wonder why certain people keep dredging up the same trash instead of things which have legitimate questions.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: bobsag3 on September 10, 2013, 11:22:34 AM

Quote from: EskimoBob on September 10, 2013, 10:54:58 AM

Quote from: ffssixtynine on September 10, 2013, 10:44:08 AM

Quote from: EskimoBob on September 10, 2013, 10:38:22 AM

PS! Seriously ffssixtynine, you are yapping about topics way above you competence level and should stfu, before you make it worst than it is.

Ken -does- need to provide the accounts he promised monthly but he doesn't and shouldn't be providing most of the rest of that info. And if you want to talk competence, I've won 3 awards this year for business and just been nominated for best UK digital entrepreneur in my sector.

And this is where you hit my ignore list. Congratulations on making sure you don't get your few good points heard.

OMfG! He put me on his ignore list... Cry

You understand, that this resolves nothing ans is as good as hiding your head under the sand. Keep clicking that "Show/Hide" button. Wink

"digital entrepreneur in my sector" what dose it even mean? Selling large furry buttons on your web site?

Pretty sure if this was run like any other public company and not "special" because of bitcoins he would have to follow some standard discloser rules... and until he acts like he runs a mature company, he wont get any of my money.

He doesn't get any more money from shares, his got all the money he needs. Buying shares goes to a random stranger.

bobsag3

hero member

Activity: 546

Merit: 500

Owner, Minersource.net

Quote from: EskimoBob on September 10, 2013, 10:54:58 AM

Quote from: ffssixtynine on September 10, 2013, 10:44:08 AM

Quote from: EskimoBob on September 10, 2013, 10:38:22 AM

PS! Seriously ffssixtynine, you are yapping about topics way above you competence level and should stfu, before you make it worst than it is.

Ken -does- need to provide the accounts he promised monthly but he doesn't and shouldn't be providing most of the rest of that info. And if you want to talk competence, I've won 3 awards this year for business and just been nominated for best UK digital entrepreneur in my sector.

And this is where you hit my ignore list. Congratulations on making sure you don't get your few good points heard.

OMfG! He put me on his ignore list... Cry

You understand, that this resolves nothing ans is as good as hiding your head under the sand. Keep clicking that "Show/Hide" button. Wink

"digital entrepreneur in my sector" what dose it even mean? Selling large furry buttons on your web site?

Pretty sure if this was run like any other public company and not "special" because of bitcoins he would have to follow some standard discloser rules... and until he acts like he runs a mature company, he wont get any of my money.

thefunkybits

legendary

Activity: 1218

Merit: 1000

I think splitting the 10 million public shares between Bitfunder and BTCT is fair. I personally have half on each anyways. Everyone is saying Bitfunder is undervalued but what if BTCT is overvalued. The demand on BTCT is far greater with a limited supply, this taints the price. The only way to tell would be to split the shares evenly, or to let people go back and forth freely for a fee (I dont see why Ken has to do all the share swapping)

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: ffssixtynine on September 10, 2013, 10:17:13 AM

EskimoBob, you're mostly asking questions only VC's or Angel's get to ask (and under strict confidentiality clauses at that).

If you want to invest a big wedge of cash with Ken directly and as a private investor, you can require access to those details. As someone with a virtual share, no. Nor do I have access, nor does anyone other than the company execs. So contact Ken directly and offer him $500k+ and you'll have your answers. Kidding, but you get the idea.

I'm not going to answer this one again as I've done so at least once before, if not twice.

You/Ken are just avoiding pertinent questions by making shit up, and making excuses as you go along now. Sad

The request for a more meaningful and scheduled plan (with achievement dates) still stands.

jinyoubei

member

Activity: 83

Merit: 10

How many shares have been sold on bitfunder.com and btct.co already? 10 million?

Quote from: ffssixtynine on September 10, 2013, 11:01:55 AM

Quote from: jinyoubei on September 10, 2013, 10:59:48 AM

Thanks for the update ffs69.

I am a little confused here. If I invest ActiveMining now which is below 0.0025 on bitfunder.com, will I get 0.0025 on dividend return eventually? (If everything is going as planned of course.)

There are 25 million shares. 10 million shares receive the profits until each share has received 0.0025 BTC. After that, profits are split 25 million ways instead of 10 million ways.

So yes you'll get that back if you hold the shares for the time period required (and the profit allows of course).

crumbs

full member

Activity: 210

Merit: 100

Yesss... Heady times, making one ask: What, exactly, does the ActM share represent?

ffssixtynine

sr. member

Activity: 364

Merit: 250

Quote from: jinyoubei on September 10, 2013, 10:59:48 AM

Thanks for the update ffs69.

I am a little confused here. If I invest ActiveMining now which is below 0.0025 on bitfunder.com, will I get 0.0025 on dividend return eventually? (If everything is going as planned of course.)

There are 25 million shares. 10 million shares receive the profits until each share has received 0.0025 BTC. After that, profits are split 25 million ways instead of 10 million ways.

So yes you'll get that back if you hold the shares for the time period required (and the profit allows of course).

jinyoubei

member

Activity: 83

Merit: 10

Thanks for the update ffs69.

I am a little confused here. If I invest ActiveMining now which is below 0.0025 on bitfunder.com, will I get 0.0025 on dividend return eventually? (If everything is going as planned of course.)

Quote from: ffssixtynine on September 10, 2013, 09:09:22 AM

Quote from: Stuartuk on September 10, 2013, 09:01:32 AM

In other words, some of that 0.025 has already been paid out, so how much is left per share?

I think basically 0.00249xxxxx!

The price will bounce around with news (PR would be helpful here for sure) but they are certainly inherently worth the original asking price given that the eASIC deal has been confirmed.

EskimoBob

legendary

Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: ffssixtynine on September 10, 2013, 10:44:08 AM

Quote from: EskimoBob on September 10, 2013, 10:38:22 AM

PS! Seriously ffssixtynine, you are yapping about topics way above you competence level and should stfu, before you make it worst than it is.

Ken -does- need to provide the accounts he promised monthly but he doesn't and shouldn't be providing most of the rest of that info. And if you want to talk competence, I've won 3 awards this year for business and just been nominated for best UK digital entrepreneur in my sector.

And this is where you hit my ignore list. Congratulations on making sure you don't get your few good points heard.

OMfG! He put me on his ignore list... Cry

You understand, that this resolves nothing ans is as good as hiding your head under the sand. Keep clicking that "Show/Hide" button. Wink

"digital entrepreneur in my sector" what dose it even mean? Selling large furry buttons on your web site?

ffssixtynine

sr. member

Activity: 364

Merit: 250

Quote from: carpetbagger on September 10, 2013, 10:26:52 AM

Fair enough ffs69, like I said, thanks for whatever you are doing. I missed a big chunk of the middle of this thread so I probably missed it like the PR thing.

How about some kind of (minimal/reasonable/realistic) fee for transfers?

I suggested that. He doesn't want to have to spend time on it.

ffssixtynine

sr. member

Activity: 364

Merit: 250

Quote from: EskimoBob on September 10, 2013, 10:38:22 AM

PS! Seriously ffssixtynine, you are yapping about topics way above you competence level and should stfu, before you make it worst than it is.

Ken -does- need to provide the accounts he promised monthly but he doesn't and shouldn't be providing most of the rest of that info. And if you want to talk competence, I've won 3 awards this year for business and just been nominated for best UK digital entrepreneur in my sector.

And this is where you hit my ignore list. Congratulations on making sure you don't get your few good points heard.

Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 48. (Read 479317 times)