Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 136. (Read 771512 times)

Babybonobo your posts are worthless to us, and here is why:




I would suggest ignoring Babybonobo.  I honestly believe only Ken would support himself that much at this point.  No reasonable investor has any significant amount of optimism left.

I see where you are coming from, VE.  I agree about the grammar, that is a red flag in my eyes as well.  While excusable, I never assume it is excusable because it is also scammy.  Saying that he formed the company just to reap the benefits of the salary for him and his family members is a large claim...I'm not saying it's impossible but it doesn't seem like a good way to scam people and get away with it.  I suppose he could argue that he tried his hardest but failed and scam us etc, etc... but in court that wouldn't hold up because they would judge the backgrounds of the family members involved.  If the company failed and there was a lawsuit due to scamming concerns, the courts aren't just going to say "hey you invested in this company and it failed, tough shit", they will look at the motives behind Ken and family and investigate.

Don't flame me, VE, but I honestly think you have taken things a little too far in your head.  I'm not trying to tell you that you are wrong!  I have no crystal ball, obviously.  HOWEVER, it is quite obvious that everyone is paranoid, that is for sure...and obviously scepticism and paranoia is good in moderate amounts but this is utter madness.  ACTM does need to come out and clear up a lot of information so we can stop arguing over nonsense.  I'd like to see proper accounting documents as well.

Alright dumbass, look, I'm here to evaluate the truth and not talk about speculation at the moment.  Let me break this down for you one more time, a little more specifically and harshly...

"No miners"-- While it is most likely true that we don't have a miner with 28nm eASIC chips, we still have BTC coming into the ACTM address.  Not much else to add to this, but speculation, as this is the whole subject of the matter.
"No shipped product/Lies about shipping"-- Show me proof that he lied, show me proof that there is no shipped product.  Don't try to prove the existence of a God to an Agnostic.  I don't need proof of shipping because I have no idea if anything was actually shipped.  Either show proof or say you don't know.  This is unknown.
"Lost shares"--Hmm...interesting wording.  I'm not sure how they are lost.  We can't trade them at the moment but in my opinion it is wise for Ken to wait for CC.  He obviously has communication issues though and should have kept us updated on the matter.  In fact, he should have someone else keep us updated so he doesn't have to think about it.

In conclusion, everything you just said is still speculation.  I was asking if VE has any verifiable facts or information based on reality and not just perceptions and speculation.  Do you understand now?  Maybe you're spidey senses are better than mine and you know that this is a scam deep down...that's a lot different than having verifiable facts and hard evidence that led you to that conclusion.  You really think this would be a scam even though Ken's face is all over the place, his name, his family members' names, his address, his business address, his business license, he has a publicly known deal with eASIC...the list goes on.  Quite frankly it would be easy to press charges if this was a scam.  There is a huge difference between a scam and delays (or even complete failure).  Please regard these issues maturely as such.

I am not here to be a cheerleader or a grim reaper, I just want to talk about truths and not speculation since the ratio is so poorly skewed at the moment.  Obviously we need more information and that is the cause of all this bickering, but let's try and talk about what we do know rather than speculating harshly and mindlessly about the things that we do not know.

I wanna see some verifiable, quoted lies that are proved lies.  Not this speculation bullshit that attempts to prove that you are psychic.  I also can confirm that I've had posts deleted that WERE NOT CRITICAL OF ACTM (but involved bickering) that were deleted from the thread.  I need confirmation from a mod that these posts are actually deleted by Ken (Yes, I know it tells you in your inbox but I'm not sure that is accurate).  While I think it is good for Ken to delete whatever bickering he chooses, it would be a very poor use of time if he is constantly on here.

Cheers!

I think one of the worst parts is that we haven't ever seen a proper set of accounts.

And before you all start linking those bullshit accounts he posted way back - those were NOT proper accounts.

VE argues that Ken is lining the pockets of himself and his family. I would LOVE to see some proper accounts so we can see if that is true or not. I don't think that accusation can be laid without evidence. But we should all know how much he is paying himself and his family.

I am amazed that no one on here is asking for this information any more.

Ken's tactic of treating us all like mushrooms (kept in dark and fed on bullshit) is clearly working. We rail, and cry and jump up and down for each piece of information that we should have but don't. But there is so much information we don't have that it is hard to keep track of what we should be asking for.

I WANT SOME REAL ACCOUNTS!!

For me it was when his English and grammar started to fall apart in his updates.  He started hyphenating words like "Bitcoin-mining".   
On top of it all though, it was his inability to prove that he has done anything other than a few scribbles on a million dollar cheque.  Meanwhile, he personally benefits financially even though the core business is now worthless.  He didn't even try to make it work, because that salary is all he wanted out of it.  Proof of this is that he didn't even bother hiring someone useful, only his family who had probably never heard of "bitcoin" until getting hired to fold cardboard boxes and sort through sales orders.  This man is literally trying to build a rocket ship out of marshmallows and school glue.  He doesn't have a single clue of how to make us successful, only himself by stealing our money for his own families wealth.  That, my friends, defines SCAM.

 

You must actually be a baby bonobo to be that stupid.

No Miners = FACT
No shipped product = FACT
Lost shares = SUBJECTIVE but we cannot trade shares, and technically do not have ownership of them at this point, so leaning towards FACT
Total BS about Shares = SUBJECTIVE but we do not have a set date for when trading will be available, and Ken said on Dec 18th they would be up in a week, with was complete BS, so leaning toward FACT
lies about shipping = FACT

VE's last straw? Maybe it was the shitty updates, with no timelines whatsoever? Or maybe the blatant lies? OHH or maybe it was Ken deleting posts for hours when he say the team is focusing on the core of the business?

So which one was it VE?

Listen up, I'm not out for a witch hunt.  Don't assume my side because I am not a cheerleader.  Literally everything you said was subjective, I was looking more for actual facts and verifiable lies.  You can't say someone is a liar without proving their intention.  I could spurt out just as much opinion and speculation in support of ACTM, it just seems like VE is so certain of criminality that I was curious as to what his last straw was.

If you are gonna say that, what is your proof it isn't a scam. There is NOTHING leaning towards the not a scam side so far. No miners, no shipped product, lost shares, total bs about shares, lies about shipping.


C'mon son.

Volanic, what is your proof that this is some sort of scam?  What factors made this definite for you?  I ask truthfully, not trolly...let's get down to it, please define your reasoning specifically to help us out and get to the point to stop this bickering.

Just remember, every time he deletes a post he's doing it to hide the truth.  This pertains to any mention of the lies, deceit, or incompetency.  He doesn't want this to rub off on all shareholders.  He wants us to remain confident so that he can drag out this scam as long as possible.  That is exactly what Labcoin did.  The more time that passes, the more likely he is to get away with it.  Sure he's giving out refunds to customers, but I would love to hold onto $6 million dollars as well -- it would be like a loan with unlimited benefits.  Not to mention a beautiful salary for my entire family from shareholders funds.  Why the FUCK would I support anything he says/does when he has already benefited from this venture while we haven't seen a dime since the eASIC news?   Hopefully as the supporters gradually shift ofter to share my position, we will have more support against this terrible crime.  Only then can we work as a group rather than bicker amongst ourselves.  The only barrier is time.

Indeed... thats strange. Either he has no time or he has time to delete posts he doesnt like. I dont know. The only other solution is that that work is done by others but he always is saying he cant work on the shares because he has to work on the core of VMC. That contradicts that he has time to delete posts here...

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I dont see him hurt. I guess thats again some piece of ken's rhetoric's. He probably shipped the prototype to a customer. Then he could claim that he started to ship miners. And thats why we never got another profit of that prototype board after the testrun.
So no, i dont see that a sling can be made out of this.

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So can someone enlighten me? Ken hired an RTL team and that means he is designing the chip again? After the protoype already worked? I have read the last update the way that he redesigns the board to meet intellihash. If he really redesigns the ASIC's that means eASIC wasnt good enough for him and he starts over. He wouldnt have enough bitcoins for that and it would take months from now.
I cant see how things could go that badly. I regret i didnt buy when the first results in hashing came in. Now i have to watch my investment die it seems.
If this really all came only from perfectionism... earning 20%, while those 20% would be eaten in 2 weeks diff updates already, and we now slowly turn to 75% loss in the meanwhile and its still open how many months it will take from now... if thats true... i really want to kick someone in the balls. I know i wouldnt do it but if my assumptions are true i would like someone guilty at least imagine it vividly...

Which is *exactly* why a 28nm structured asic was a good idea to begin with. Nothing else gives you the chance to bring a 28nm chip to market faster.  Now hindsight is 20/20 and you can argue Ken should have picked a proven, existing process, but Im not aware of any existing single mask 28nm process (altera hardcopy is available but it works differently and is probably far less suited). So he basically would have had the choice between a proven 45nm chip, that would barely be competitive with BFL 65nm parts,  and a more risky 28nm implementation that would remain competitive much longer, and with a relatively straightforward migration path to full asics. Ive not talked to eASIC either, but just from what I know, I would have rated that risk pretty low and have gone for 28nm myself.


Obviously not. But if you think the substrate and PCB are the easy parts, talk to HF.


It does. Or at least should have. Its not like 28nm itself is new or unproven, neither is eASIC's nextreme. Porting of their nextreme wafers to 28nm is not something Id have considered high risk. 6 months later its easy to say differently, but do keep in mind, if next week working chips are demo'd, they still have a chance to beat HF and Cointerra, and they have been developing their asic for far longer and will have spent a whole lot more on NRE. Whatever the cause of the current delays, the decision to go with Nextreme 3 was quite a sensible one.

Not 20/20 though. Burning your money would not have led to a better outcome.

Wow look! A Mr. 20/20 in hindsight.

Burning your money an throwing it out the window as you drove down the road would of been better.

Yep, I walked into that one but unlike many people here I have the ability to put the cards on the table every now and again.

FAP FAP FAP FAP FAP

But seriously, someone has to balance out the trolls.

I also was blown away by Vbs spreadsheet. That was the main reason I invested in AMC.

I hope you are right.
I remain in the sceptic corner though.

+1

stenkross, I shunned the option to join the board because I know what I am like.  Far too emotional.  I had a really good feel for the internal sentiment although was never privy to the inner workings and that suited me fine.  I invested a relatively small amount of cash at 0.0005 which gave me a large number of shares early doors. I had plenty of opportunity to bail and could have netted well over 900 btc if I'd played my cards.  I regret not having done so, but ha-ho, thems the breaks.  I actually continued to buy all the way up to 0.025 and that was my upper limit prior to the eAsic deal.  If I loose the lot, it's only 3 months wages to me, but a lost opportunity that could have, potentially made me a very rich man indeed, like many multiples of millions of pounds.  

Here is why I'm still in the race and never chose that exit strategy;  my initial gamble was, for me, a fifty-fifty for it being a scam. Not scam: proven over seven months ago.  Vbs who I know was not affiliated with AMC made the most beautiful spreadsheets.  When he made mention of the facts, like sweet, sweet divs, I did my calculations and was blown away.  The beauty was, vbs then said, 'These are the projected figures from the mining farm and I haven't even included the figures for hardware sales which are so unimaginable that I can not include them because there are too many unknowns at this stage.', or words to that effect.  I well knew at the time that even Vbs's projections were reliant on so many factors that to assume you've hit the jackpot was pure fantasy.  So I started to look at the main man Ken.

A lot has changed in the btc securities since then.  Back then I also sold my AM shares for 4.5 having bought in at 1.5, so happy days.  I also threw 50btc at Labcoin and lost the bloody lot (serves me right for being such a troll).  I also made a small killing from ActM when the killer BF announcement broke because I reluctantly, and for  the first time, sold ActM on the news and bought back in again, the same number of shares so spent my profit on NEO. During all of this I couldn't help but consider that I was being played by Ken S.  I knew his address and family well before Canadian Guy got involved and interestingly enough, Ken was the only guy that I could see who was happy enough to expose himself.  For that he got my respect.

So there is my story and you don't get a more Scottish man than that.  I am no sock puppet.  I am simply just another dude who can not abide injustice and will always react to it.  

In terms of AMC/VMC, I still hear the words of a dude who was heavy in.  None of you will ever know about that because it's gone. This guy said to me, "This is Ken's baby and having got to know him I do believe that he of all people is the kind of guy that will make it happen through his sheer bloodymindedness."

Those words are still ringing in my ear and every time I see a spark from Ken it reminds me why I'm still the biggest cheerleader.  So have a fucking go at me, I do not give a flying shite.  I will have my day in the sun and so will EVERYONE who shares my belief.  Don't underestimate the power and will of a proud man to succeed.

Now this is an interesting line of questioning. You could be right. But I've always thought the short comments on here are to do with time and a worry that Trolls will twist what he says - which is exactly what crumbs specialises in. Crumbs heavy presence on here might be keeping Ken away. Yes Ken's a grown man but I'm sure we all know how Trolls can wind you up and draw you into an argument and in the end there is no setting the record straigt as Trolls don't listen and are experts at twisting the truth.

All I would say is that if you read the IPO and you read the progress report you see a good standard of English and excellent communication skills. That's what a lot of people invested in - the strength of the IPO proposal as expressed by Ken.