AMC Discussion Thread (not self moderated) - page 4.

kslaughter

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Quote from: wisard on March 26, 2013, 01:02:57 AM

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Wisard, Yes, I would agree with you, so I just reworked the offer. It is not posted yet, should be sometime today.

Ken

kslaughter

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Quote from: Deprived on March 26, 2013, 04:44:44 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 04:36:35 AM

Quote from: Deprived on March 26, 2013, 04:35:25 AM

Quote from: usagi on March 26, 2013, 02:45:22 AM

Quote from: kslaughter on March 26, 2013, 01:07:28 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Didn't not need it any more. Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners. After that it's hard to take it at all seriously.

The current contract is still laughingly bad too.

I've no intention of wasting time reading it. I find it impossible to take seriously anyone who claims to be developing ASICs but will happily post a contract as creative (putting it politely) as the original one he had up. If someone is so confident they'll post a contract and start selling shares without any public discussion first then they'd better get it right first time.

Deprive, You are right again, so do not read it and no Ukto did not freeze it.

kslaughter

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Activity: 476

Merit: 250

Quote from: Deprived on March 26, 2013, 04:35:25 AM

Quote from: usagi on March 26, 2013, 02:45:22 AM

Quote from: kslaughter on March 26, 2013, 01:07:28 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Didn't not need it any more. Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners. After that it's hard to take it at all seriously.

No, I froze it, no Ukto did not freeze it. Also all the money from the sales of shares is still in the account and will stay there until I get this fixed today or tommorow.

Ken

kslaughter

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Activity: 476

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Quote from: burnside on March 26, 2013, 02:41:26 AM

Quote from: kslaughter on March 26, 2013, 02:25:47 AM

Quote from: burnside on March 26, 2013, 02:03:11 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:05:18 AM

He still expects to have more than 51% of the network hashpower?

Roll Eyes

Either he has some crazy NSA resources on tap, or someone's a little detached from reality.

Your good burnside. Still would like to know where your corp is registered or if it is registered.

I am good. I maintain my corporate registrations and registered trademarks.

So.... crazy NSA resources then? Wink

Working on it.

)

Deprived

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Activity: 532

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Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 04:36:35 AM

Quote from: Deprived on March 26, 2013, 04:35:25 AM

Quote from: usagi on March 26, 2013, 02:45:22 AM

Quote from: kslaughter on March 26, 2013, 01:07:28 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Didn't not need it any more. Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners. After that it's hard to take it at all seriously.

The current contract is still laughingly bad too.

I've no intention of wasting time reading it. I find it impossible to take seriously anyone who claims to be developing ASICs but will happily post a contract as creative (putting it politely) as the original one he had up. If someone is so confident they'll post a contract and start selling shares without any public discussion first then they'd better get it right first time.

🏰 TradeFortress 🏰

vip

Activity: 1316

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👻

Quote from: Deprived on March 26, 2013, 04:35:25 AM

Quote from: usagi on March 26, 2013, 02:45:22 AM

Quote from: kslaughter on March 26, 2013, 01:07:28 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Didn't not need it any more. Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners. After that it's hard to take it at all seriously.

The current contract is still laughingly bad too.

Deprived

hero member

Activity: 532

Merit: 500

Quote from: usagi on March 26, 2013, 02:45:22 AM

Quote from: kslaughter on March 26, 2013, 01:07:28 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Didn't not need it any more. Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners. After that it's hard to take it at all seriously.

usagi

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13

Quote from: kslaughter on March 26, 2013, 01:07:28 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Didn't not need it any more. Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

burnside

legendary

Activity: 1106

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Lead Blockchain Developer

Quote from: kslaughter on March 26, 2013, 02:25:47 AM

Quote from: burnside on March 26, 2013, 02:03:11 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:05:18 AM

He still expects to have more than 51% of the network hashpower?

Roll Eyes

Either he has some crazy NSA resources on tap, or someone's a little detached from reality.

Your good burnside. Still would like to know where your corp is registered or if it is registered.

I am good. I maintain my corporate registrations and registered trademarks.

So.... crazy NSA resources then? Wink

🏰 TradeFortress 🏰

vip

Activity: 1316

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Quote from: kslaughter on March 26, 2013, 02:15:55 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:14:49 AM

Quote from: kslaughter on March 26, 2013, 01:13:07 AM

Quote from: wisard on March 26, 2013, 01:02:57 AM

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power. Our 45nm chips are expected to 6GH/s each.

Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

Well, I won't say no yet. Will you escrow it?

Sure, John or nanotube? Since you want escrow it would be your responsibility to pay the fees.

45nm ASIC mining device shipped
Each ASIC chip must have at least 6GH/s
Must correctly mine bitcoin.

Oh and "No, not over 50% there"? So you don't believe you will get over 50% of the network hashpower?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: wisard on March 26, 2013, 02:21:08 AM

Quote from: kslaughter on March 26, 2013, 02:15:55 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:14:49 AM

Quote from: kslaughter on March 26, 2013, 01:13:07 AM

Quote from: wisard on March 26, 2013, 01:02:57 AM

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power. Our 45nm chips are expected to 6GH/s each.

Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

Well, I won't say no yet. Will you escrow it?

Are you serious? You are willing to bet 100 BTC on your ability to own over 50% of total hashing power?
Whats the timeline for the bet? End of the year?
I would love to get in on it too. We can use escrow.

No, not over 50% there is an or in there, delivering a 45nm chip/ASIC mining device.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: burnside on March 26, 2013, 02:03:11 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:05:18 AM

He still expects to have more than 51% of the network hashpower?

Roll Eyes

Either he has some crazy NSA resources on tap, or someone's a little detached from reality.

Your good burnside. Still would like to know where your corp is registered or if it is registered.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: Franktank on March 26, 2013, 01:18:30 AM

Do you have a timeline for your chip development? What makes your chip different and competitive to what is available? Are there plans in place if there are delays? You're coming late into the ASIC gen, delays mean significantly lower returns to investors. How will you account for that?

Franktank, if thing go right we can have prototype chips is 5-10 weeks after we finish the RTL, our chips will be on the 45nm process at bout 6-9 GH/s each. Our plan is a hybrid plan which give Investors dividends as soon as be start getting income from our 6 ordered Avalon's. Our chips will be much faster and lower power. We will moving to the 28nm process soon also for even more hashing power and lower power.

Franktank

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John K Flag!!

wisard

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Quote from: kslaughter on March 26, 2013, 02:15:55 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:14:49 AM

Quote from: kslaughter on March 26, 2013, 01:13:07 AM

Quote from: wisard on March 26, 2013, 01:02:57 AM

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power. Our 45nm chips are expected to 6GH/s each.

Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

Well, I won't say no yet. Will you escrow it?

Are you serious? You are willing to bet 100 BTC on your ability to own over 50% of total hashing power?
Whats the timeline for the bet? End of the year?
I would love to get in on it too. We can use escrow.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:25:55 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:14:49 AM

Quote from: kslaughter on March 26, 2013, 01:13:07 AM

Quote from: wisard on March 26, 2013, 01:02:57 AM

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power. Our 45nm chips are expected to 6GH/s each.

Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

Getting ready to fix that 70% return, I screwed up trying to hurry when Avalon announced it 4X price increase and 3 day notice to batch 3.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:14:49 AM

Quote from: kslaughter on March 26, 2013, 01:13:07 AM

Quote from: wisard on March 26, 2013, 01:02:57 AM

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote

Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power. Our 45nm chips are expected to 6GH/s each.

Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

Well, I won't say no yet. Will you escrow it?

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:13:28 AM

Quote from: kslaughter on March 26, 2013, 01:11:24 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Did not need the company an more, check the [Bitfunder] tread for why if you are interested.
Wrong we are selling ~8,000 shares at .01.
What is the return if you buy it for .01 BTC, yes 100X that which you can do now, when unfroze.
Investors get all of the .01 BTC back before I get anything.

Not wrong. You specified that future shares will be only sold for at least 1 BTC.

Are you even planning to sell the shares at 1 BTC or is that simply to mislead investors in thinking they can quickly flip them?

The early-adopter shares will be sold for no less that .01, we are going to need capital for development of the 45nm chip, so we
will be selling a lot more at .01 if we can make a deal with the Major Semiconductor Company we are talking with.
Yes, if we need to sell them to raise capital for development.

kslaughter

sr. member

Activity: 476

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:09:42 AM

Quote from: kslaughter on March 26, 2013, 01:07:28 AM

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 12:42:32 AM

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated Roll Eyes

Did not need it any more. Thinking about re registering it.

I can't get over how you managed to screw up a web hosting template up for axs.net

What do you mean?

burnside

legendary

Activity: 1106

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Lead Blockchain Developer

Quote from: 🏰 TradeFortress 🏰 on March 26, 2013, 01:05:18 AM

He still expects to have more than 51% of the network hashpower?

Roll Eyes

Either he has some crazy NSA resources on tap, or someone's a little detached from reality.

Topic: AMC Discussion Thread (not self moderated) - page 4. (Read 5069 times)