I believe Ken said in the last official Progress Report that we have liquid assets of over 2mill USD. Now he isn't going to say we have that much if he intends to scam OR if he intends to wind the project down and let us down slowly.
So we must accept he is making a go of it. That reported 2mill in assets (cash and btc) will need to be accounted for should the business fail. So if Ken thought the business was close to failing he would not have said we had so much in the bank. Infact he would have paid most of that out to himself as wages and costs before the accounts were done for this report which is only 5 weeks old.
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 147. (Read 771512 times)
January 09, 2014, 05:01:41 PM
January 09, 2014, 04:51:20 PM
That's the way all scams work -- the endgame is as important as the hook. Gotta finesse it.
ACtM may be many things but a scam isn't one of them. Next!
January 09, 2014, 04:48:59 PM
He was giving cautious updates untill he realised Bargraphics was coming and wouldn't be able to explain why theres nothing to see.
That is a contradictory statement. Cautious in this arena means warning of potential setbacks. Everyone of his recent updates has been Bullish.
January 09, 2014, 04:45:49 PM
He was giving cautious updates untill he realised Bargraphics was coming and wouldn't be able to explain why theres nothing to see.
That is a contradictory statement. Cautious in this arena means warning of potential setbacks. Everyone of his recent updates has been Bullish.
January 09, 2014, 04:45:28 PM
@ crumbs
Be careful not to confuse a scam with a failed business.
Everything you post is focused on the bleakest outlook with no thought to a positive outcome therefore you are biased and people will always take you with that little pinch of salt. You could be much more effective if you sat somewhere nearer the middle but your ego won't allow for that.
This is definitely the trolls day, there is no denying that, but it could all turn on a sixpence. With weekly updates Ken has the power to turn the tide and my guess is that he'll respond to the communities requests for greater transparency.
Be careful not to confuse a scam with a failed business.
Everything you post is focused on the bleakest outlook with no thought to a positive outcome therefore you are biased and people will always take you with that little pinch of salt. You could be much more effective if you sat somewhere nearer the middle but your ego won't allow for that.
This is definitely the trolls day, there is no denying that, but it could all turn on a sixpence. With weekly updates Ken has the power to turn the tide and my guess is that he'll respond to the communities requests for greater transparency.
January 09, 2014, 04:44:36 PM
Imagine, an illiterate drunk conning people out of millions!
Sigh, you might be right. But either way Ken's a clever guy right?
How great is it that I can't sell my shares though?! We have to see this till the end now because we won't be trading shares until we already know, one way or another, whether this company will ROI or not.
Guess it's just a waiting game now - we win or we lose.
I'd advise everyone to remain optimistic. Ken is still optimistic. If Ken knew this was a bus crash he would not be giving bullish statements. Would he? What would the point be? There are no shares for him to sell, he isn't raising funds.....so why would he misrepresent the situation? If it was looking really bad I think he would give cautious updates. He is not giving cautious updates.
So stay strong fellow investors. It's not over till it's over.
January 09, 2014, 04:38:29 PM
Imagine, an illiterate drunk conning people out of millions!
Sigh, you might be right. But either way Ken's a clever guy right?
How great is it that I can't sell my shares though?! We have to see this till the end now because we won't be trading shares until we already know, one way or another, whether this company will ROI or not.
Guess it's just a waiting game now - we win or we lose.
I'd advise everyone to remain optimistic. Ken is still optimistic. If Ken knew this was a bus crash he would not be giving bullish statements. Would he? What would the point be? There are no shares for him to sell, he isn't raising funds.....so why would he misrepresent the situation? If it was looking really bad I think he would give cautious updates. He is not giving cautious updates.
So stay strong fellow investors. It's not over till it's over.
He was giving cautious updates untill he realised Bargraphics was coming and wouldn't be able to explain why theres nothing to see.
January 09, 2014, 04:32:50 PM
Could of been written for ? Well, its got troll faces and cats and stuff! http://hellomaxmin.com/songs/taking-my-mind/
Respect and credits to maxmint. https://bitcointalksearch.org/user/maxmint-36677
Respect and credits to maxmint. https://bitcointalksearch.org/user/maxmint-36677
January 09, 2014, 04:21:38 PM
ok point taken, sorry but I am not optimistic about this venture like some folks here. I invested an equivalent of a 1 year's basic salary in my country and ken's updates are just being upsetting and misleading for a shareholder like me.
January 09, 2014, 04:20:36 PM
Ken, if you want to delete posts in order to make ACTM not look like a turd, you should start with your own updates.
Mabsark you are a pr@@k and a c@nt but boy, that's the best post you ever made! Well done!
January 09, 2014, 04:19:09 PM
THUMPERCRUMBS:
Yeah dude! I wanna buy a Hashfast machine. And I reckon by the time I get one it's ROI will be about 0.0000005BTC. So it will be a good investment.
Yeah dude! I wanna buy a Hashfast machine. And I reckon by the time I get one it's ROI will be about 0.0000005BTC. So it will be a good investment.
January 09, 2014, 04:15:54 PM
4) Anyone want to buy any shares?
Eh, you won't get 0.04BTC/share...I'll offer one DOGE or Mooncoin per share.
January 09, 2014, 04:11:09 PM
4) Anyone want to buy any shares?
Eh, you won't get 0.04BTC/share...No you are right. I'd be happy to take 0.0000004BTC for my entire holding. You interested?
WELCOME to ACtM 2014!
January 09, 2014, 04:07:35 PM
Hold on I thought minerpart was Ken, and zumzero was me, and I am minerpart, and so fannybaws must be Spartacus?
January 09, 2014, 04:06:03 PM
OK while I'm on here and VE isn't about I'll state my view on the latest.
1) It's not ideal.
2) Worse things happen at Sea.
3) Bunch of freaks on here. Never changes. What did you Trolls do with your lives before ACtM came along? Did you bully, humiliate and try to destroy other hard working businessmen? I dread to think what harm you've done in the world. Nothing but pieces of dirt.
4) Anyone want to buy any shares?
1) It's not ideal.
2) Worse things happen at Sea.
3) Bunch of freaks on here. Never changes. What did you Trolls do with your lives before ACtM came along? Did you bully, humiliate and try to destroy other hard working businessmen? I dread to think what harm you've done in the world. Nothing but pieces of dirt.
4) Anyone want to buy any shares?
January 09, 2014, 04:03:31 PM
Have removed the paragraph appealing to others better judgement in the hope this post is not deleted as well.
So here's what I'm thinking. Ken has two solutions to the shares issue with coloured coins number one and CT a fallback option. He will continue to stall the CT option in favour of a permanent decentralised solution. That is excellent and is telling of Ken's long term aspirations to make this company a success. The day he gives off signals to the contrary is when all hope is lost, until then we are still in the game.
Regarding the technical side of things of which I am almost clueless, I recall that BFL also changed their engineers for similar reasons that Ken has given. They seem to have got over that hurdle which didn't sink them. Now perhaps we are assuming that changing engineers means we have to go back to square one but surely the second firm might be able to build on work already done? Also we don't know how long the second firm have been on board (no pun intended) and how close they may be to completion. Add all that to the quote below and I'd say once we negotiate with Ken to release more details there's every chance we look back on this episode and realise 'mass hysteria' sucked a lot of us in. Now before you flame me, I am only sharing my opinion and have a very positive outlook on life. My cup is always over half full and if you lose hope then you throw away any remaining chance of success. This is from the most legitimate person in this thread due to his inside knowledge who is willing to post.
So here's what I'm thinking. Ken has two solutions to the shares issue with coloured coins number one and CT a fallback option. He will continue to stall the CT option in favour of a permanent decentralised solution. That is excellent and is telling of Ken's long term aspirations to make this company a success. The day he gives off signals to the contrary is when all hope is lost, until then we are still in the game.
Regarding the technical side of things of which I am almost clueless, I recall that BFL also changed their engineers for similar reasons that Ken has given. They seem to have got over that hurdle which didn't sink them. Now perhaps we are assuming that changing engineers means we have to go back to square one but surely the second firm might be able to build on work already done? Also we don't know how long the second firm have been on board (no pun intended
) and how close they may be to completion. Add all that to the quote below and I'd say once we negotiate with Ken to release more details there's every chance we look back on this episode and realise 'mass hysteria' sucked a lot of us in. Now before you flame me, I am only sharing my opinion and have a very positive outlook on life. My cup is always over half full and if you lose hope then you throw away any remaining chance of success. This is from the most legitimate person in this thread due to his inside knowledge who is willing to post.are you ken?
January 09, 2014, 04:02:03 PM
We'll that's fine by me. It's Kens thread. Funny how you (Crumbs) don't get deleted isn't it.
January 09, 2014, 03:59:22 PM
There is some serious censorship going on in here.
Thanks, whoever was deleting my posts, I now get it.
Thanks, whoever was deleting my posts, I now get it.
Who?
January 09, 2014, 03:55:16 PM
I haven't seen any posts from StuartUK.
Therefore, you are most likely StuartUK.
Therefore, you are most likely StuartUK.
mmm
I haven't been posting because I've been on the Continent having a holiday. What are you so obsessed with me dude? Can't you just leave me alone?
I also had my PC hacked by VE. I mentioned this before. I've not wanted to log-in since then for obvious reasons. My connection to this site keep dropping and other odd things have happened. VE hounded me off the board basically. I don't know if I'll stay, VE could hack me again. It's a bit shit. Oh and I haven't registered as any other name - Mods can verify that.
January 09, 2014, 03:53:30 PM
ken's intellihash reminds me of ukyo's special portal lol
It is not nice to bring math to this fantasy fest. It is far more fun to dream that "Ken" will dream up a brilliant plan and everyone will get rich. "Ken", a man with over 6 million dollars in pre-order money plus all the millions in investor funds that could not hire people over the last months to make an eASIC chip and get it on a board (a process with a total NRE of around $1.5M including board design)
"Ken". Has anyone thoroughly researched who Ken is and where the money is?
"Ken". Has anyone thoroughly researched who Ken is and where the money is?
Well, yeah... But magical thinking is the backbone of Active Mining
https://i.imgur.com/sJcc6wo.jpg
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