[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 357.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: stereotype on November 17, 2013, 03:31:22 PM

Backed by comments of HMRC.....

http://www.coindesk.com/hmrc-uk-bitcoin-exchanges-dont-have-to-register-under-money-laundering-regulations/

http://www.coindesk.com/bitcoin-uk-hmrc-suggests-bitcoins-taxable-vouchers/

Ok, but aren't we right back in the same boat then, for US investors? The SEC says that US investors can't do business with unregistered securities. If you do business with US residents then the SEC will come-a-knockin'. Same scenario with Bitfunder, no?

Correct me where I'm wrong.

stereotype

legendary

Activity: 1554

Merit: 1000

Backed by comments of HMRC.....

http://www.coindesk.com/hmrc-uk-bitcoin-exchanges-dont-have-to-register-under-money-laundering-regulations/

http://www.coindesk.com/bitcoin-uk-hmrc-suggests-bitcoins-taxable-vouchers/

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: stereotype on November 17, 2013, 03:19:29 PM

Quote from: kleeck on November 17, 2013, 03:08:36 PM

Quote from: stereotype on November 17, 2013, 02:23:01 PM

Quote from: drawingthesun on November 17, 2013, 01:20:16 PM

After looking through the various exchanges, we currently have only two semi-legal options:

https://796.com/

And

https://www.havelockinvestments.com/

All the other exchanges currently available are for play money only and not legal at all. Remember there is no fully legal exchange for Bitcoin securities at the moment, but the two above have done more than anyone else.

I understand the long term view is to be listed on a decentralized exchange however for the next 2-3 months this is not possible, and its within the next 2-3 months that a lot of trading will occur due to the eASIC chips coming online.

I really do not want to be listed on another play money exchange. At least have some type of licence for money transmission etc...

Does anyone disagree?

How about this? You will see your 'play money' problem is addressed directly.....

https://forum.litecoin.net/index.php/topic,7176.msg54823.html#msg54823

This is really good news. Have they addressed how they will handle US investors?

No different from the Chinese investors they are considering (via translated site), i guess. You think there is/should be a distinction/consideration for the US?

From WoodTech about CIPHERTRADE:

Quote

At this time we don't believe that we need to be regulated since BDO's view is that cryptocoins are probably "beans" or vouchers under UK law. We would therefore be operating a sort-of barter and contract brokerage service.

However, our intention is to operate in a transparent manner and work with the relevant authorities to comply with any necessary regulation. There is a good precedence for this in the UK; our online gambling industry worked with the authorities rather than try to be surreptitious and as a result we are world-leaders in that space.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: kleeck on November 17, 2013, 03:08:36 PM

Quote from: stereotype on November 17, 2013, 02:23:01 PM

Quote from: drawingthesun on November 17, 2013, 01:20:16 PM

After looking through the various exchanges, we currently have only two semi-legal options:

https://796.com/

And

https://www.havelockinvestments.com/

All the other exchanges currently available are for play money only and not legal at all. Remember there is no fully legal exchange for Bitcoin securities at the moment, but the two above have done more than anyone else.

I understand the long term view is to be listed on a decentralized exchange however for the next 2-3 months this is not possible, and its within the next 2-3 months that a lot of trading will occur due to the eASIC chips coming online.

I really do not want to be listed on another play money exchange. At least have some type of licence for money transmission etc...

Does anyone disagree?

How about this? You will see your 'play money' problem is addressed directly.....

https://forum.litecoin.net/index.php/topic,7176.msg54823.html#msg54823

This is really good news. Have they addressed how they will handle US investors?

No different from the Chinese investors they are considering (via translated site), i guess. You think there is/should be a distinction/consideration for the US?

hazryder

full member

Activity: 208

Merit: 100

Quote from: kleeck on November 17, 2013, 03:13:21 PM

Quote from: hazryder on November 17, 2013, 03:10:18 PM

I could probably find the answer to this if I dug through the last 50ish pages but I've got the flu and ain't got time for that:

What's happening to our dividends whilst this whole Bitfunder collapse thing is going down? Are they being saved up to be paid out when we're back on an exchange?

Yes. From what I understand.

That's fine then, thanks for the quick reply. I'm off to pound down paracetamol and hot juice until my head stops hurting.

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: hazryder on November 17, 2013, 03:10:18 PM

I could probably find the answer to this if I dug through the last 50ish pages but I've got the flu and ain't got time for that:

What's happening to our dividends whilst this whole Bitfunder collapse thing is going down? Are they being saved up to be paid out when we're back on an exchange?

Yes. From what I understand.

hazryder

full member

Activity: 208

Merit: 100

I could probably find the answer to this if I dug through the last 50ish pages but I've got the flu and ain't got time for that:

What's happening to our dividends whilst this whole Bitfunder collapse thing is going down? Are they being saved up to be paid out when we're back on an exchange?

kleeck

hero member

Activity: 532

Merit: 500

https://karatcoin.co

Quote from: stereotype on November 17, 2013, 02:23:01 PM

Quote from: drawingthesun on November 17, 2013, 01:20:16 PM

After looking through the various exchanges, we currently have only two semi-legal options:

https://796.com/

And

https://www.havelockinvestments.com/

All the other exchanges currently available are for play money only and not legal at all. Remember there is no fully legal exchange for Bitcoin securities at the moment, but the two above have done more than anyone else.

I understand the long term view is to be listed on a decentralized exchange however for the next 2-3 months this is not possible, and its within the next 2-3 months that a lot of trading will occur due to the eASIC chips coming online.

I really do not want to be listed on another play money exchange. At least have some type of licence for money transmission etc...

Does anyone disagree?

How about this? You will see your 'play money' problem is addressed directly.....

https://forum.litecoin.net/index.php/topic,7176.msg54823.html#msg54823

This is really good news. Have they addressed how they will handle US investors?

crazyearner

legendary

Activity: 1820

Merit: 1001

How do i claim my assists for company here from bitfunder ?

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: drawingthesun on November 17, 2013, 01:20:16 PM

After looking through the various exchanges, we currently have only two semi-legal options:

https://796.com/

And

https://www.havelockinvestments.com/

All the other exchanges currently available are for play money only and not legal at all. Remember there is no fully legal exchange for Bitcoin securities at the moment, but the two above have done more than anyone else.

I understand the long term view is to be listed on a decentralized exchange however for the next 2-3 months this is not possible, and its within the next 2-3 months that a lot of trading will occur due to the eASIC chips coming online.

I really do not want to be listed on another play money exchange. At least have some type of licence for money transmission etc...

Does anyone disagree?

How about this? You will see your 'play money' problem is addressed directly.....

https://forum.litecoin.net/index.php/topic,7176.msg54823.html#msg54823

LorenzoMoney

sr. member

Activity: 335

Merit: 250

For your reading pleasure

http://www.investopedia.com/university/scams/

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Congrats America? Its China pushing this higher right now. From here we could have a splash-down to 250 level or some serious investors/funds could start getting involved here taking us to 1k with no looking back. It really is possible some big boys might get in here. Next two days will tell.

You need to price this in Yuan right now.

(not Yen sorry)

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Interestingly it's those weaker hands with cold feet that could be set to benefit from owning shares that can not be traded. Time will tell. Congrats America with the $500 barrier! £500 next!

arousedrhino

sr. member

Activity: 347

Merit: 250

Quote from: drawingthesun on November 17, 2013, 01:20:16 PM

After looking through the various exchanges, we currently have only two semi-legal options:

https://796.com/

And

https://www.havelockinvestments.com/

All the other exchanges currently available are for play money only and not legal at all. Remember there is no fully legal exchange for Bitcoin securities at the moment, but the two above have done more than anyone else.

I understand the long term view is to be listed on a decentralized exchange however for the next 2-3 months this is not possible, and its within the next 2-3 months that a lot of trading will occur due to the eASIC chips coming online.

I really do not want to be listed on another play money exchange. At least have some type of licence for money transmission etc...

Does anyone disagree?

As a US investor I do not want my shares on another centralized exchange which will be shut down by the SEC. Its only a matter of time.

Either keep them direct or use a decentralized exchange like colored coins. If someone wants to make a passthrough on those exchanges allow them to with their direct shares. We don't need Ken to spend X amount of time getting our shares onto another exchange only to have it shut down and then he has to spend another X amount of time dealing with the share transfers. Thats 2X time that could be spent working on the companies core business mining. Not making sure our shares are always tradable so that those who have cold feet can get out.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

I'd like to agree or disagree but I'm not sure to what. What are you saying over the shares exactly?

I know you are desperate to sell to get some FIAT back but it looks like Ken does not have the time to spend puting us on havelock and I would not be happy with him spending a full week doing that anyway when he has the business to work on at this crucial time.

At the end of the day the SEC caused this trouble for us. Yes its a shame you can't realise some dollars at this BTC price but that's life.

drawingthesun

legendary

Activity: 1176

Merit: 1015

After looking through the various exchanges, we currently have only two semi-legal options:

https://796.com/

And

https://www.havelockinvestments.com/

All the other exchanges currently available are for play money only and not legal at all. Remember there is no fully legal exchange for Bitcoin securities at the moment, but the two above have done more than anyone else.

I understand the long term view is to be listed on a decentralized exchange however for the next 2-3 months this is not possible, and its within the next 2-3 months that a lot of trading will occur due to the eASIC chips coming online.

I really do not want to be listed on another play money exchange. At least have some type of licence for money transmission etc...

Does anyone disagree?

finlof

hero member

Activity: 630

Merit: 500

Quote from: gjpminingco on November 17, 2013, 11:37:38 AM

let me worry about if i am losing money on the deal

@Ken If you want to sell any of the Older Miners Please Contact me to discuss cost and shipping for the older miners if you choose to sell them and put the proceeds towards the Divs or put the money back into the R&D fund.

Once again my Offer is $12 per gh/s

Please let me know

hell i'll take the avalons for $15/gh/s (shipping included). i'm talking about just the self-contained units, not any of the k-16's. they would need to be shipped out no later than tuesday 11/19/13 or my offer no longer stands.

EskimoBob

legendary

Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: ChefBorjan on November 17, 2013, 10:06:19 AM

Quote from: EskimoBob on November 17, 2013, 07:53:00 AM

This thread is getting out of hand as the old non self-moderated one. Damn

From: https://bitcointalksearch.org/topic/m.3220847

Quote

Consolidated Active Mining Corporation and VMC reports will be release by November 30th 2013

Not again...
BTW Ken, please include "Shareholders equity" line (and required sub categories like "Treasury stock" etc if needed) in your balance sheet. With out it, it's kinda half ass and not acceptable for a business.

Hi Eskimo.

You've been keen for Ken to disclose the financials. Obviously there are still some things you think could be improved, but what is your assessment of what has been just provided?

Lets wait for correct and current statements and then start commenting. Those are old, for September 2013.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: funkymunky on November 17, 2013, 11:37:14 AM

I don't normally come on here and post anything negative, however; yet again another "news" article which mentions every single one of our competitors with no mention of ActM/VMC or a quote from Ken....

http://mobile.businessweek.com/articles/2013-11-14/2014-outlook-bitcoin-mining-chips-a-high-tech-arms-race

Another downside of NDA's? eASIC really should think over its oppressive contract behaviour if the result is that their customers have disadvantages.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: funkymunky on November 17, 2013, 11:37:14 AM

I don't normally come on here and post anything negative, however; yet again another "news" article which mentions every single one of our competitors with no mention of ActM/VMC or a quote from Ken....

http://mobile.businessweek.com/articles/2013-11-14/2014-outlook-bitcoin-mining-chips-a-high-tech-arms-race

ASICMINER was not mentioned either. Everyone has a hardon these days for private companies and rejoice for a small few individuals to make all the profits. It seems there are only two public companies left, us and ASICMINER.

I am sure if we gain several % of the network we will become more well known and talked about.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 357. (Read 771302 times)