That picture is perfect. I definitely confused AM for AMC
I still think all of you need to relax. I'm invested in AMC, and others. But it's always a risk/gamble. Anyone who is in over their heads made the wrong decision and cannot blame anyone but themselves.
No bitching on this thread will result in anything productive or positive, so chill.
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 214. (Read 771288 times)
December 22, 2013, 05:01:52 PM
December 22, 2013, 04:34:15 PM
Ken's attempt at brand confusion has captured at least one demonstrable victim.
That confusion has been made way more than once 
December 22, 2013, 03:42:23 PM
You've made him run and hide 
December 22, 2013, 03:38:04 PM
You seem to miss the very important point, actually the only relevant point to this whole conversation. Ken has stated twice now that we would be on an exchange by this time I believe. That isn't a huge cause for concern but it does need to be elaborated on. If we have passed the deadline he previously set, then he should give us a new deadline and a reason why we missed the first one. I believe we have a reason why we missed the first one, now we need a new deadline. Otherwise we can tell each other to be patient up until February and gain nothing for it.
Mistakes are made. Especially in the realm of first-round, early-entry startups within a brand new technology sector.
I should hope that Ken is more focused on being operational with the mining and mining-equipment ventures than he is about making shareholders happy with the ability to trade.
In addition, he has been working with "Ukyo" (of BitFunder/WeExchange fame) to try and make the transition more effective. There is only so much Ken can do when Ukyo is dragging his feet with his Neo Bee activities. Ukyo HAS STATED that transfer of AM (as well as his own loan) shares is his priority; but I would assume that it's his priority AFTER his Neo Bee work.
Ken is obviously holding out for Ukyo's assistance, because Ken also has better things to do. Sure, he probably shouldn't have relied on the dates given by someone as unreliable as Ukyo. However, why are the dates such a big deal? Either you win or you lose. Such is life. You'll find out soon enough and it's out of your control.
Sit tight. Relax. Pull the stick out of your butt and maybe smoke a doobie. I don't care. But stop your bitching and realize it won't benefit anything or anyone.
I've found your blunder. This is not AM. This is ACTM. AM is AsicMiner, you are in the wrong thread.
Good catch.
Ken's attempt at brand confusion has captured at least one demonstrable victim.
December 22, 2013, 03:15:27 PM
You seem to miss the very important point, actually the only relevant point to this whole conversation. Ken has stated twice now that we would be on an exchange by this time I believe. That isn't a huge cause for concern but it does need to be elaborated on. If we have passed the deadline he previously set, then he should give us a new deadline and a reason why we missed the first one. I believe we have a reason why we missed the first one, now we need a new deadline. Otherwise we can tell each other to be patient up until February and gain nothing for it.
Mistakes are made. Especially in the realm of first-round, early-entry startups within a brand new technology sector.
I should hope that Ken is more focused on being operational with the mining and mining-equipment ventures than he is about making shareholders happy with the ability to trade.
In addition, he has been working with "Ukyo" (of BitFunder/WeExchange fame) to try and make the transition more effective. There is only so much Ken can do when Ukyo is dragging his feet with his Neo Bee activities. Ukyo HAS STATED that transfer of AM (as well as his own loan) shares is his priority; but I would assume that it's his priority AFTER his Neo Bee work.
Ken is obviously holding out for Ukyo's assistance, because Ken also has better things to do. Sure, he probably shouldn't have relied on the dates given by someone as unreliable as Ukyo. However, why are the dates such a big deal? Either you win or you lose. Such is life. You'll find out soon enough and it's out of your control.
Sit tight. Relax. Pull the stick out of your butt and maybe smoke a doobie. I don't care. But stop your bitching and realize it won't benefit anything or anyone.
I've found your blunder. This is not AM. This is ACTM. AM is AsicMiner, you are in the wrong thread.
December 22, 2013, 03:09:30 PM
The fact that he said working with "Ukyo" when Ken has claimed that he will withold Ukyo's shares, Ken wants people to visit Ukyo with the police and wants to sue him shows that this guy is completely clueless.
December 22, 2013, 03:05:39 PM
Where are you getting your information that Ken is waiting on Ukyo to help? Did you read the last PR release of ACTIVEMINING-PR? It doesn't seem you have. Jasun, is that you??
Man these guys come in here talking about real world investing and stuff and can't seem to grasp the simplest shit.
When it comes to SEVERE misinformation, its Jasun that is guilty of that. He pulls these things out of his ass like no tomorrow.
I'm 99% certain that this bullshit about Ukyo helping Ken was created by Jasun with a new account.
Jasun, Ken has all the information he needs from Bitfunder records, and has acknowledged that. There is nothing Ukyo can do. All that is left is for Ken to sit down and say "this e-mail address has this many shares...etc..."
December 22, 2013, 02:53:10 PM
Where are you getting your information that Ken is waiting on Ukyo to help? Did you read the last PR release of ACTIVEMINING-PR? It doesn't seem you have. Jasun, is that you??
Man these guys come in here talking about real world investing and stuff and can't seem to grasp the simplest shit.
December 22, 2013, 02:07:09 PM
Where are you getting your information that Ken is waiting on Ukyo to help? Did you read the last PR release of ACTIVEMINING-PR? It doesn't seem you have. Jasun, is that you??
December 22, 2013, 01:38:15 PM
You seem to miss the very important point, actually the only relevant point to this whole conversation. Ken has stated twice now that we would be on an exchange by this time I believe. That isn't a huge cause for concern but it does need to be elaborated on. If we have passed the deadline he previously set, then he should give us a new deadline and a reason why we missed the first one. I believe we have a reason why we missed the first one, now we need a new deadline. Otherwise we can tell each other to be patient up until February and gain nothing for it.
Mistakes are made. Especially in the realm of first-round, early-entry startups within a brand new technology sector.
I should hope that Ken is more focused on being operational with the mining and mining-equipment ventures than he is about making shareholders happy with the ability to trade.
In addition, he has been working with "Ukyo" (of BitFunder/WeExchange fame) to try and make the transition more effective. There is only so much Ken can do when Ukyo is dragging his feet with his Neo Bee activities. Ukyo HAS STATED that transfer of AM (as well as his own loan) shares is his priority; but I would assume that it's his priority AFTER his Neo Bee work.
Ken is obviously holding out for Ukyo's assistance, because Ken also has better things to do. Sure, he probably shouldn't have relied on the dates given by someone as unreliable as Ukyo. However, why are the dates such a big deal? Either you win or you lose. Such is life. You'll find out soon enough and it's out of your control.
Sit tight. Relax. Pull the stick out of your butt and maybe smoke a doobie. I don't care. But stop your bitching and realize it won't benefit anything or anyone.
December 22, 2013, 12:57:01 PM
So many people here are treating AMC as though it were a real-world corporation. It is not.
A typical valuation, you use a PE ratio of 10 or higher (generally accepted in the industry), with the assumption that your investment will pay off in 10+ years. I personally don't anticipate most current cryptocurrency ventures to last longer than 3 years. However, any speculation is just that: educated bets, at best.
I only "invested" because, rather than simply sit on the obvious deflationary-based increase in value that is inherent in the Coin, I wanted to help the ecosystem grow and *possibly* increase my Coin holdings in the process. (Though any reward would only be the winnings of an educated bet.)
I only put in whatever I was willing to lose. People who risked more than they were willing to lose are akin to compulsive gamblers, in my opinion.
Let the man (Ken and team) work. Understand that it is completely out of your hands. You invested for whatever reason. Now let it be and wait patiently.
In patience, all good things may come.
A typical valuation, you use a PE ratio of 10 or higher (generally accepted in the industry), with the assumption that your investment will pay off in 10+ years. I personally don't anticipate most current cryptocurrency ventures to last longer than 3 years. However, any speculation is just that: educated bets, at best.
I only "invested" because, rather than simply sit on the obvious deflationary-based increase in value that is inherent in the Coin, I wanted to help the ecosystem grow and *possibly* increase my Coin holdings in the process. (Though any reward would only be the winnings of an educated bet.)
I only put in whatever I was willing to lose. People who risked more than they were willing to lose are akin to compulsive gamblers, in my opinion.
Let the man (Ken and team) work. Understand that it is completely out of your hands. You invested for whatever reason. Now let it be and wait patiently.
In patience, all good things may come.
You seem to miss the very important point, actually the only relevant point to this whole conversation. Ken has stated twice now that we would be on an exchange by this time I believe. That isn't a huge cause for concern but it does need to be elaborated on. If we have passed the deadline he previously set, then he should give us a new deadline and a reason why we missed the first one. I believe we have a reason why we missed the first one, now we need a new deadline. Otherwise we can tell each other to be patient up until February and gain nothing for it.
December 22, 2013, 12:54:26 PM
A typical valuation, you use a PE ratio of 10 or higher (generally accepted in the industry), with the assumption that your investment will pay off in 10+ years. I personally don't anticipate most current cryptocurrency ventures to last longer than 3 years.
I also used P/E ratio to estimate future share price, but that only works, as you say, in a recognised sector (eg Utilities) in a real world market where companies amongst other things are regulated, have access to a wide choice of capital investment, have a whole sector to base annual profit forecasts on and where they slot into the wider eco-system you could say.
Dividend Yield is a far more sensible thing to asses price on with a Bitcoin start-up especially when divs are paid weekly in this sector.
So AM-PT were operating at an annualised D/Y of approx 3:1. I've suggested ACtM will become an open and accountable enterprise once it starts trading and machines start shipping so that 3:1 could easily become 5:1 as there will be more confidence around the long-term prospects of the company. A safe 5:1 is an exceptional annual return especially in an ever appreciating currency. That is why as BTC takes off higher through 2014 that 5:1 could become 10:1 or higher.
Now to estimate average and target share price you just need an estimate of VMC sales and ACtM farm size in relation to global hash.
December 22, 2013, 12:51:37 PM
The thing with VE is that everything must be done NOW
I'm not asking for much. It doesn't take that long to verify shares. All he has to do is work his way down a list and assign the shares to each address. Then he sends this simple list to crypto-trade and trading can go live. It's PAINFULLY simple, yet Ken has decided to deliberately delay this task. Perhaps its his way of "having a hold of everyones balls". It makes sense now, the way you guys act.
I think Ken is ahead of you VE. I think he realized he cannot trust the exchanges and is building something he can go back to should crypto-trade go down, and not have to go through this dilemma again.
I could definitely be wrong, but I'm basing this assumption on Ken's liking of Colored Coins and his experience as a programmer.
December 22, 2013, 12:29:47 PM
So many people here are treating AMC as though it were a real-world corporation. It is not.
With typical valuation, you use a PE ratio of 10 or higher (generally accepted in the industry) on the assumption that your investment will pay off in 10+ years. I personally don't anticipate most current cryptocurrency ventures to last longer than 3 years. However, any speculation is just that: educated bets, at best.
I only "invested" because, rather than simply sit on the obvious deflationary-based increase in value that is inherent in the Coin, I wanted to help the ecosystem grow and *possibly* increase my Coin holdings in the process. (Though any reward would only be the winnings of an educated bet.)
I only put in whatever I was willing to lose. People who risked more than they were willing to lose are akin to compulsive gamblers, in my opinion.
Let the man (Ken and team) work. Understand that it is completely out of your hands. You invested for whatever reason. Now let it be and wait patiently.
In patience, all good things may come.
With typical valuation, you use a PE ratio of 10 or higher (generally accepted in the industry) on the assumption that your investment will pay off in 10+ years. I personally don't anticipate most current cryptocurrency ventures to last longer than 3 years. However, any speculation is just that: educated bets, at best.
I only "invested" because, rather than simply sit on the obvious deflationary-based increase in value that is inherent in the Coin, I wanted to help the ecosystem grow and *possibly* increase my Coin holdings in the process. (Though any reward would only be the winnings of an educated bet.)
I only put in whatever I was willing to lose. People who risked more than they were willing to lose are akin to compulsive gamblers, in my opinion.
Let the man (Ken and team) work. Understand that it is completely out of your hands. You invested for whatever reason. Now let it be and wait patiently.
In patience, all good things may come.
December 22, 2013, 12:05:43 PM
The thing with VE is that everything must be done NOW
I'm not asking for much. It doesn't take that long to verify shares. All he has to do is work his way down a list and assign the shares to each address. Then he sends this simple list to crypto-trade and trading can go live. It's PAINFULLY simple, yet Ken has decided to deliberately delay this task. Perhaps its his way of "having a hold of everyones balls". It makes sense now, the way you guys act.
It seems to be as simple as parsing a text file for to associated values and then using those two values to A. make the account. B assign it shares C. sending this information to said email address used to make the account.
EDIT: But I could and problem am missing something about why it is taking so long.
December 22, 2013, 11:56:49 AM
The thing with VE is that everything must be done NOW
I'm not asking for much. It doesn't take that long to verify shares. All he has to do is work his way down a list and assign the shares to each address. Then he sends this simple list to crypto-trade and trading can go live. It's PAINFULLY simple, yet Ken has decided to deliberately delay this task. Perhaps its his way of "having a hold of everyones balls". It makes sense now, the way you guys act.
December 22, 2013, 11:45:06 AM
I am one of the many who has no choice but to care about VE's shares. We need to get him the best price we can for his 50,000. The thing with VE is that everything must be done NOW and that's reflected in some of the decisions he's made over the last few months. Why wait until btct shares are moved to Bitfunder when your can pay $5000 to do it now? Why wait for the Advisory Board to do its job when you can try to barge in and become mortal enemies with a CEO?
I wish he realised that his shares will be worth more the longer it takes for them to get listed. He wants out, there's no disputing that, but due to his knee jerk personality he's unlikely to make as much money as a calmer head would.
I wish he realised that his shares will be worth more the longer it takes for them to get listed. He wants out, there's no disputing that, but due to his knee jerk personality he's unlikely to make as much money as a calmer head would.
December 22, 2013, 11:41:20 AM
I must be one of the few who really isn't to concerned about his shares
+1 Ken already proved himself to me with the transfer from btctc to bitfunder. This is just a continuation of the same scenerio. I actually can't wait for the panic/relief selling to grab more shares. Seems like in general the bitcoin companies are solidifying. CT has smoothed out now and improving. JDBIF is right on the money with their calls. The whole eco system seems to be all geling after these rough past 2months.
December 22, 2013, 11:34:14 AM
I must be one of the few who really isn't to concerned about his shares
December 22, 2013, 11:19:11 AM
Keep reposting your demands and stamping your feet like the spoiled brat that you are VE.
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