if ACtM start making 100Mill USD pa then CT will quickly get very busy.
If wishes were horses, beggars would ride. Start with an absurd premise, get an absurd conclusion
Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 94. (Read 771280 times)
January 23, 2014, 11:27:44 AM
If wishes were horses, beggars would ride. Start with an absurd premise, get an absurd conclusion
January 23, 2014, 11:18:53 AM
You will not collect 106 BTC from CryptoTrade in a year.
That's a strange conclusion. I guess you mean you don't think there will be enough volume on CT because today it is dead?
Well, buyers follow the market. In other words, if ACtM start making 100Mill USD pa then CT will quickly get very busy.
January 23, 2014, 11:12:09 AM
You will not collect 106 BTC from CryptoTrade in a year.
That's a strange conclusion. I guess you mean you don't think there will be enough volume on CT because today it is dead?
Well, buyers follow the market. In other words, if ACtM start making 100Mill USD pa then CT will quickly get very busy.
Now would be a decent time to get some Crypto Trade Shares. The transaction fees and therefore the dividends will definitely be much higher once ACTM gets on there. - I know this off topic, my apologies.
But anyways, yeah I think we'll see huge sell blocks pop up with some buying around > .002 - .001 and we will possibly (most likely) go down to .0005. I doubt shares will see .004+ (if that) Until Ken's next big update.
January 23, 2014, 11:08:44 AM
OK if we sell these shares Ukyo wants all the proceeds divided equally not us first and everyone else later. Now do the maths. I don't know how much he owes and to how many people.
I've done a little digging and figure that if Ken managed to sell all Ukyo's shares at 0.01btc per share, then after we recouped 106btc for ActM and paid the other 2214btc to the community, there would still be just over 3500btc outstanding that Ukyo would still owe the community.
Make sure you don't cut your lip and chip a tooth on that cracked half empty glass of yours Vigil.
January 23, 2014, 11:06:29 AM
You will not collect 106 BTC from CryptoTrade in a year.
That's a strange conclusion. I guess you mean you don't think there will be enough volume on CT because today it is dead?
Well, buyers follow the market. In other words, if ACtM start making 100Mill USD pa then CT will quickly get very busy.
January 23, 2014, 10:56:55 AM
OK if we sell these shares Ukyo wants all the proceeds divided equally not us first and everyone else later. Now do the maths. I don't know how much he owes and to how many people.
I've done a little digging and figure that if Ken managed to sell all Ukyo's shares at 0.01btc per share, then after we recouped 106btc for ActM and paid the other 2214btc to the community, there would still be just over 3500btc outstanding that Ukyo would still owe the community.
January 23, 2014, 10:38:40 AM
with the last information of any kind about 5 months ago being a broken deadline so cause the prices
of ActM shares to drop so much you can continue to buy them back for pennies on the dollar compared
to what you pumped them to and be able to claim that all the shares I hold are worth less than the 100btc
you are personally having an issue with?
of ActM shares to drop so much you can continue to buy them back for pennies on the dollar compared
to what you pumped them to and be able to claim that all the shares I hold are worth less than the 100btc
you are personally having an issue with?
Hummm, mining shares dropped like a stone the instant someone got cold feet about running an exchange... ActiveMining didn't do allll that bad compared to IceDrill, even LRM whose shares went to 1/4 IPO prices or less.
If I were you I would be grateful that shareholders of everything on your exchange aren't getting together a class action due your actions effects on their asset values.
Mining shares are designed to drop like a stone from the get go. Thats why I bought this company since it sells equipment and the mining is a cherry on top. If intellehash provs its worth ACTM will have created another segment of the mining market. You cant compare ACTM to a pure miner or a PMB.
January 23, 2014, 09:32:16 AM
Ken please don't go down this rabbit hole, get the 106 btc and leave it at that. Please.
Why do you even believe Ken is about to sell all of Ukyo's shares? He wrote:
We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.
So why are 200,000+ shares on CT?
Ken said he would be working on it this week, maybe he is working on it as we speak.
Math is hard.
January 23, 2014, 09:28:30 AM
Ken please don't go down this rabbit hole, get the 106 btc and leave it at that. Please.
Why do you even believe Ken is about to sell all of Ukyo's shares? He wrote:
We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.
So why are 200,000+ shares on CT?
Ken said he would be working on it this week, maybe he is working on it as we speak.
January 23, 2014, 09:28:01 AM
To be clear: I have no issues with 100% of funds from the sale of all ActM Shares assigned to me to be distributed to weex users.
Everyone should be able to see the numbers.
-Ukyo
Everyone should be able to see the numbers.
-Ukyo
So:
Ukyo is actually giving Ken licence to sell his shares. For the record Ken can retain/sell them as lien anyway, so it's a bit besides the point but firms up Ken's position
Ukyo is then giving Ken licence to distribute funds to weex users, without being specific on a methodology. So that's up to Ken.
That said, Ken's best move would be to recover the 106BTC, and then return the remaining shares to Ukyo to figure out.
January 23, 2014, 09:17:19 AM
Ken please don't go down this rabbit hole, get the 106 btc and leave it at that. Please.
Why do you even believe Ken is about to sell all of Ukyo's shares? He wrote:
We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.
So why are 200,000+ shares on CT?
January 23, 2014, 09:17:13 AM
I am pretty sure if you cough up the money right now, Ken will give back your shares.
Minus the legal expenses. And missed opportunities. And filing charges. And expenses. And pain and suffering.
January 23, 2014, 09:16:16 AM
Ken please don't go down this rabbit hole, get the 106 btc and leave it at that. Please.
Why do you even believe Ken is about to sell all of Ukyo's shares? He wrote:
We are selling Ukyo shares on Crypto-Trade to recover our losses on Bitfunder.
January 23, 2014, 09:09:31 AM
..and round and round we go...
January 23, 2014, 09:06:23 AM
I don't get how it's suddenly ACTM's responsibility to pay back WeEx/BF opaque malfeasance.
Agreed!
We must only sell 106 btc worth of shares of cover ActM owed money. Once the company is square we must return the leftover shares to UKYO so he can deal with everyone else. It's criminal to take ALL of UKYO's shares and sell all of them, his debts are not our issue.
I am only defending UKYO to this point because it's the right thing to do. UKYO slammed me down in front of everyone when I was among some of the first people to call out the possibility that UKYO would be unable to pay the funds from Bitfunder because he probably used them and was running a fractional reserve. I was correct but UKYO still attacked me so I am not defending him because of friendship, but because it's not right to steal his property after ActM is square with the owed 106 btc.
Ken please don't go down this rabbit hole, get the 106 btc and leave it at that. Please.
January 23, 2014, 08:59:25 AM
If you want to play hard-ball Ukyo lets do it.
Please tell me you're not a marriage guidance counsellor!
January 23, 2014, 08:58:09 AM
I don't get how it's suddenly ACTM's responsibility to pay back WeEx/BF opaque malfeasance.
January 23, 2014, 08:57:38 AM
If everything is paid for, why are you so desperate for your 100btc worth?
Why not leave the shares locked until I have paid everyone back. Are you now having to heavily count on this 100btc?
Why not leave the shares locked until I have paid everyone back. Are you now having to heavily count on this 100btc?
From the "Trust summary for Uyo":
- Users of UKYO's service are currently unable to withdraw funds. I will remove this rating when the matter is cleared up. https://bitcointalksearch.org/topic/is-ukyo-a-plan-to-runaway-with-our-coins-326395
- He has scammed at least 800 BTC from users.https://bitcointalksearch.org/topic/the-94-con-by-jon-montroll-337523
That's why.
I am pretty sure if you cough up the money right now, Ken will give back your shares.
January 23, 2014, 08:53:26 AM
Zum- And I agree with that - we need to look after ourselves at this crucial time. But Ukyo thinks differently. Thats the point and thats why you shouldn't be thanking him.
January 23, 2014, 08:53:04 AM
with the last information of any kind about 5 months ago being a broken deadline so cause the prices
of ActM shares to drop so much you can continue to buy them back for pennies on the dollar compared
to what you pumped them to and be able to claim that all the shares I hold are worth less than the 100btc
you are personally having an issue with?
of ActM shares to drop so much you can continue to buy them back for pennies on the dollar compared
to what you pumped them to and be able to claim that all the shares I hold are worth less than the 100btc
you are personally having an issue with?
Hummm, mining shares dropped like a stone the instant someone got cold feet about running an exchange... ActiveMining didn't do allll that bad compared to IceDrill, even LRM whose shares went to 1/4 IPO prices or less.
If I were you I would be grateful that shareholders of everything on your exchange aren't getting together a class action due your actions effects on their asset values.
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