Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 472. (Read 771288 times)
October 09, 2013, 07:13:46 PM
A question on active mining, how much TH do they plan to mine with, and what date are they hoping to get started by?
October 09, 2013, 06:19:38 PM
what about this?
someone already created ActiveMining_Test. It's still Beta and runs testnet, but looks promising.
someone already created ActiveMining_Test. It's still Beta and runs testnet, but looks promising.
Heh that was me who created that a few weeks ago.
BitcoinX is not yet ready.
I'm trying to organize a t shirt sale and all profit going towards the dev team.
https://bitcointalksearch.org/topic/bounty-colored-coins-development-t-shirt-fundraiser-308085
October 09, 2013, 05:26:23 PM
Stating what to me seems obvious:
According to previous court rulings in the US and even the complaint against Silk Road, owning and mining Bitcoin is legal in the USA.
Buying and selling illegal drugs online using fiat or bitcoin is not legal.
Operating a securities exchange that is unlicensed by the SEC seems to be a bit problematic, also.
On the otehr hand, there seems to be a network of OTC stocks that are traded. I am not a lawyer but it would seem that public companies need to comply with some government requirements to be offered to the public. Also, there are minor exchanges in the USA like http://www.nsx.com/. Perhaps Active Mining could be listed on one of these minor exchanges. Of course, if it gets listed on one of those exchanges, Ken would have to comply to a whole new set of rules and Active Mining would then be traded in US dollars instead of bitcoin. On the other hand, it would allow for Active Mining to be traded somewhere legally.
The question I would like to have answered is, What is required of a company to have it publicly traded? Can a company be traded without an exchange? What is required for an exchange to meet SEC approval? The fact is, there are several small exchanges in the USA such as the one mentioned earlier.
According to previous court rulings in the US and even the complaint against Silk Road, owning and mining Bitcoin is legal in the USA.
Buying and selling illegal drugs online using fiat or bitcoin is not legal.
Operating a securities exchange that is unlicensed by the SEC seems to be a bit problematic, also.
On the otehr hand, there seems to be a network of OTC stocks that are traded. I am not a lawyer but it would seem that public companies need to comply with some government requirements to be offered to the public. Also, there are minor exchanges in the USA like http://www.nsx.com/. Perhaps Active Mining could be listed on one of these minor exchanges. Of course, if it gets listed on one of those exchanges, Ken would have to comply to a whole new set of rules and Active Mining would then be traded in US dollars instead of bitcoin. On the other hand, it would allow for Active Mining to be traded somewhere legally.
The question I would like to have answered is, What is required of a company to have it publicly traded? Can a company be traded without an exchange? What is required for an exchange to meet SEC approval? The fact is, there are several small exchanges in the USA such as the one mentioned earlier.
This answers a few of you questions:
http://www.tcc5.com/gopublicconsultation.php
October 09, 2013, 05:11:32 PM
Stating what to me seems obvious:
According to previous court rulings in the US and even the complaint against Silk Road, owning and mining Bitcoin is legal in the USA.
Buying and selling illegal drugs online using fiat or bitcoin is not legal.
Operating a securities exchange that is unlicensed by the SEC seems to be a bit problematic, also.
On the otehr hand, there seems to be a network of OTC stocks that are traded. I am not a lawyer but it would seem that public companies need to comply with some government requirements to be offered to the public. Also, there are minor exchanges in the USA like http://www.nsx.com/. Perhaps Active Mining could be listed on one of these minor exchanges. Of course, if it gets listed on one of those exchanges, Ken would have to comply to a whole new set of rules and Active Mining would then be traded in US dollars instead of bitcoin. On the other hand, it would allow for Active Mining to be traded somewhere legally.
The question I would like to have answered is, What is required of a company to have it publicly traded? Can a company be traded without an exchange? What is required for an exchange to meet SEC approval? The fact is, there are several small exchanges in the USA such as the one mentioned earlier.
According to previous court rulings in the US and even the complaint against Silk Road, owning and mining Bitcoin is legal in the USA.
Buying and selling illegal drugs online using fiat or bitcoin is not legal.
Operating a securities exchange that is unlicensed by the SEC seems to be a bit problematic, also.
On the otehr hand, there seems to be a network of OTC stocks that are traded. I am not a lawyer but it would seem that public companies need to comply with some government requirements to be offered to the public. Also, there are minor exchanges in the USA like http://www.nsx.com/. Perhaps Active Mining could be listed on one of these minor exchanges. Of course, if it gets listed on one of those exchanges, Ken would have to comply to a whole new set of rules and Active Mining would then be traded in US dollars instead of bitcoin. On the other hand, it would allow for Active Mining to be traded somewhere legally.
The question I would like to have answered is, What is required of a company to have it publicly traded? Can a company be traded without an exchange? What is required for an exchange to meet SEC approval? The fact is, there are several small exchanges in the USA such as the one mentioned earlier.
October 09, 2013, 04:26:34 PM
Here is some wisdom from the 17th century. It is from a book written by
Joseph de la Vega
http://en.wikipedia.org/wiki/Joseph_de_la_Vega
The first rule in speculation is: Never advise anyone to buy or sell shares. Where guessing correctly is a form of witchcraft, counsel cannot be put on airs.
The second rule: Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will last.
The third rule: Profit in the share market is goblin treasure: at one moment, it is carbuncles, the next it is coal; one moment diamonds, and the next pebbles. Sometimes, they are the tears that Aurora leaves on the sweet morning's grass, at other times, they are just tears.
The fourth rule: He who wishes to become rich from this game must have both money and patience.
Bold/emphasis is mine.
Joseph de la Vega
http://en.wikipedia.org/wiki/Joseph_de_la_Vega
The first rule in speculation is: Never advise anyone to buy or sell shares. Where guessing correctly is a form of witchcraft, counsel cannot be put on airs.
The second rule: Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will last.
The third rule: Profit in the share market is goblin treasure: at one moment, it is carbuncles, the next it is coal; one moment diamonds, and the next pebbles. Sometimes, they are the tears that Aurora leaves on the sweet morning's grass, at other times, they are just tears.
The fourth rule: He who wishes to become rich from this game must have both money and patience.
Bold/emphasis is mine.
Wise words.
October 09, 2013, 04:06:52 PM
Here is some wisdom from the 17th century. It is from a book written by
Joseph de la Vega
http://en.wikipedia.org/wiki/Joseph_de_la_Vega
The first rule in speculation is: Never advise anyone to buy or sell shares. Where guessing correctly is a form of witchcraft, counsel cannot be put on airs.
The second rule: Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will last.
The third rule: Profit in the share market is goblin treasure: at one moment, it is carbuncles, the next it is coal; one moment diamonds, and the next pebbles. Sometimes, they are the tears that Aurora leaves on the sweet morning's grass, at other times, they are just tears.
The fourth rule: He who wishes to become rich from this game must have both money and patience.
Bold/emphasis is mine.
Joseph de la Vega
http://en.wikipedia.org/wiki/Joseph_de_la_Vega
The first rule in speculation is: Never advise anyone to buy or sell shares. Where guessing correctly is a form of witchcraft, counsel cannot be put on airs.
The second rule: Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will last.
The third rule: Profit in the share market is goblin treasure: at one moment, it is carbuncles, the next it is coal; one moment diamonds, and the next pebbles. Sometimes, they are the tears that Aurora leaves on the sweet morning's grass, at other times, they are just tears.
The fourth rule: He who wishes to become rich from this game must have both money and patience.
Bold/emphasis is mine.
October 09, 2013, 03:50:56 PM
Coming from Labcoin-Thread where everyone screams to call the SEC and seeing the ActiveMining Thread were everyone hates the SEC and wants to get rid of them... oh the irony...
I dont like the pricedrop i see in my asset so far...
@kslaughter... Whats the status of the mining farm?
I dont like the pricedrop i see in my asset so far...
@kslaughter... Whats the status of the mining farm?
October 09, 2013, 03:19:49 PM
Does ACTM have any plans to move their mining farm out of the US in the case of something like this happening with mining?
The fact that US citizens are running this company and that our mining farm is located in "The land of the free"-USA scares me a little bit.
The fact that US citizens are running this company and that our mining farm is located in "The land of the free"-USA scares me a little bit.
Mining is legal in the US, should mining become illegal in US we would move our mining fram(s) outside the country. I don't see mining being illegal anytime soon in the US.
October 09, 2013, 03:15:37 PM
all this is great except for the fact that I have already reduced my ActiveMining position to 0, as I assume most other Americans have done or soon will do. too little too late. good luck with the company.
False.
Why would I cash out at a loss when none of the reasons I'm invested in ActM have changed? There are many other of us Americans that are still long on ActM. The exchange issue is short-term.
+++++1
The fundamentals of ActiveMining have not changed. What's more; this has pushed the market to find a decentralized way of exchange.
It's an interesting time... If you have the stomach for it
I think decentralized is the only way to go as this will happen to any other centralized exchange. Looking into the Namecoin code to create a decentralized exchanged. As was said above it can be merged mined with Bitcoin. We could uses our own miners to get it going.
October 09, 2013, 01:14:46 PM
Does ACTM have any plans to move their mining farm out of the US in the case of something like this happening with mining?
The fact that US citizens are running this company and that our mining farm is located in "The land of the free"-USA scares me a little bit.
The fact that US citizens are running this company and that our mining farm is located in "The land of the free"-USA scares me a little bit.
As far as I know, mining BTC has nothing to do with securities that fall under the SEC's jurisdiction.
October 09, 2013, 01:02:31 PM
Does ACTM have any plans to move their mining farm out of the US in the case of something like this happening with mining?
The fact that US citizens are running this company and that our mining farm is located in "The land of the free"-USA scares me a little bit.
The fact that US citizens are running this company and that our mining farm is located in "The land of the free"-USA scares me a little bit.
October 09, 2013, 12:12:24 PM
I only held 50,000 shares after the "big crash" down to .0015.
Before that, I managed to sell 150,000 above IPO value on BTCT.
Don't worry, I'm alright. Ken is the only reason the share price has plummeted this far, nothing to do with BF or BTCT
I'm Canadian BTW
Before that, I managed to sell 150,000 above IPO value on BTCT.
Don't worry, I'm alright. Ken is the only reason the share price has plummeted this far, nothing to do with BF or BTCT
I'm Canadian BTW
Every Canadian I've met (once spent 3 weeks in BC/Vancouver) has been friendly, fair, a decent person. There is always the exception the rule.
We weren't talking about manners, it was about the US ban..
October 09, 2013, 11:41:11 AM
It seems that BitFunder won't be able to accept U.S. citizens because of the U.S. regulations, and the tendency of U.S. government to go after overseas banks and exchanges.
1. I'm from Israel, investor in Active Mining and willing to send my documents to BitFunder and WeExchange, if needed.
2. I *can* store other (U.S) people's shares in my account, for a fee. (like a warehouse)
(it means the people will not be able to sell them anytime soon, lets say 6 months, because my time is valuable, and I don't want to spend too much time around. Also a minimum position would be required, of say 20,000 shares at least, again to save my time. I really cannot help the small investors out there with few hundred shares due to time constraints.). It would require trust.
3. It is only until we (the community) find a better solution. (Colored Coins?). Once solution is found, all shares will be returned.
4. I can help only a small amount of people. (a few dozens at most)
5. I have warned about the centralized bitcoin stock exchange risk back in July. Here:
https://bitcointalksearch.org/topic/m.2765334
6. I strongly recommend you to often backup of Bitfunder's public holder's asset-list:
https://bitfunder.com/assetlist
-Technologov
1. I'm from Israel, investor in Active Mining and willing to send my documents to BitFunder and WeExchange, if needed.
2. I *can* store other (U.S) people's shares in my account, for a fee. (like a warehouse)
(it means the people will not be able to sell them anytime soon, lets say 6 months, because my time is valuable, and I don't want to spend too much time around. Also a minimum position would be required, of say 20,000 shares at least, again to save my time. I really cannot help the small investors out there with few hundred shares due to time constraints.). It would require trust.
3. It is only until we (the community) find a better solution. (Colored Coins?). Once solution is found, all shares will be returned.
4. I can help only a small amount of people. (a few dozens at most)
5. I have warned about the centralized bitcoin stock exchange risk back in July. Here:
https://bitcointalksearch.org/topic/m.2765334
6. I strongly recommend you to often backup of Bitfunder's public holder's asset-list:
https://bitfunder.com/assetlist
-Technologov
I might be interested depending on how things develop over the next few weeks.
October 09, 2013, 11:24:51 AM
It seems that BitFunder won't be able to accept U.S. citizens because of the U.S. regulations, and the tendency of U.S. government to go after overseas banks and exchanges. Peter Schiff explained regulations in YouTube videos.
1. I'm from Israel, investor in Active Mining and willing to send my documents to BitFunder and WeExchange, if needed.
2. I *can* store other (U.S) people's shares in my account, for a fee. (like a warehouse)
(it means the people will not be able to sell them anytime soon, lets say 6 months, because my time is valuable, and I don't want to spend too much time around. Also a minimum position would be required, of say 20,000 shares at least, again to save my time. I really cannot help the small investors out there with few hundred shares due to time constraints.). It would require trust.
3. It is only until we (the community) find a better solution. (Colored Coins?). Once solution is found, all shares will be returned.
4. I can help only a small amount of people. (a few dozens at most)
5. I have warned about the centralized bitcoin stock exchange risk back in July, 2013. Here:
https://bitcointalksearch.org/topic/m.2765334
6. I strongly recommend you to often backup of Bitfunder's public holder's asset-list:
https://bitfunder.com/assetlist
-Technologov
1. I'm from Israel, investor in Active Mining and willing to send my documents to BitFunder and WeExchange, if needed.
2. I *can* store other (U.S) people's shares in my account, for a fee. (like a warehouse)
(it means the people will not be able to sell them anytime soon, lets say 6 months, because my time is valuable, and I don't want to spend too much time around. Also a minimum position would be required, of say 20,000 shares at least, again to save my time. I really cannot help the small investors out there with few hundred shares due to time constraints.). It would require trust.
3. It is only until we (the community) find a better solution. (Colored Coins?). Once solution is found, all shares will be returned.
4. I can help only a small amount of people. (a few dozens at most)
5. I have warned about the centralized bitcoin stock exchange risk back in July, 2013. Here:
https://bitcointalksearch.org/topic/m.2765334
6. I strongly recommend you to often backup of Bitfunder's public holder's asset-list:
https://bitfunder.com/assetlist
-Technologov
October 09, 2013, 11:13:03 AM
all this is great except for the fact that I have already reduced my ActiveMining position to 0, as I assume most other Americans have done or soon will do. too little too late. good luck with the company.
False.
Why would I cash out at a loss when none of the reasons I'm invested in ActM have changed? There are many other of us Americans that are still long on ActM. The exchange issue is short-term.
+++++1
The fundamentals of ActiveMining have not changed. What's more; this has pushed the market to find a decentralized way of exchange.
It's an interesting time... If you have the stomach for it
October 09, 2013, 11:01:22 AM
@girlfawkesy
First problem: how do you avoid a 51% attack?
I think this is where something like colored coins shows it's value - using the strength of the already well established Bitcoin network.
Edit: It might be possible to avoid Blockchain manipulation be keeping the difficulty low, and some how privately mine it in house. But, that's not quite decentralized, is it.
First problem: how do you avoid a 51% attack?
I think this is where something like colored coins shows it's value - using the strength of the already well established Bitcoin network.
Edit: It might be possible to avoid Blockchain manipulation be keeping the difficulty low, and some how privately mine it in house. But, that's not quite decentralized, is it.
to avoid a 51% attack simply make the coin merge-mined with BTC no?
similar to namecoin, freicoin....then it doesnt matter what the hash rate is or if anyone even mines it at all. It doesnt even have to be sha-256 or scrypt, some form of proof of stake similar to PPC could be implemented
October 09, 2013, 10:50:01 AM
I only held 50,000 shares after the "big crash" down to .0015.
Before that, I managed to sell 150,000 above IPO value on BTCT.
Don't worry, I'm alright. Ken is the only reason the share price has plummeted this far, nothing to do with BF or BTCT
I'm Canadian BTW
Before that, I managed to sell 150,000 above IPO value on BTCT.
Don't worry, I'm alright. Ken is the only reason the share price has plummeted this far, nothing to do with BF or BTCT
I'm Canadian BTW
Every Canadian I've met (once spent 3 weeks in BC/Vancouver) has been friendly, fair, a decent person. There is always the exception the rule.
October 09, 2013, 10:24:55 AM
all this is great except for the fact that I have already reduced my ActiveMining position to 0, as I assume most other Americans have done or soon will do. too little too late. good luck with the company.
False.
Why would I cash out at a loss when none of the reasons I'm invested in ActM have changed? There are many other of us Americans that are still long on ActM. The exchange issue is short-term.
Ken, I am not American but for people like kleeck that are in America can you turn their shares into direct shares? This will allow them to create pass throughs on other exchanges without you having to be involved?
October 09, 2013, 10:13:24 AM
all this is great except for the fact that I have already reduced my ActiveMining position to 0, as I assume most other Americans have done or soon will do. too little too late. good luck with the company.
False.
Why would I cash out at a loss when none of the reasons I'm invested in ActM have changed? There are many other of us Americans that are still long on ActM. The exchange issue is short-term.
October 09, 2013, 10:08:24 AM
all this is great except for the fact that I have already reduced my ActiveMining position to 0, as I assume most other Americans have done or soon will do. too little too late. good luck with the company.
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