AMHash1: Cost-Effective Mining Contract - page 26.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Quote from: KarmaShark on March 11, 2015, 08:26:16 AM

There is an on-going thread with an active discussion on one of the chinese social networking sites. I cannot translate well so the bits and pieces I can parse through insinuates they are trying to and may have found Fried Cat:

http://8btc.com/thread-14566-10-1.html

Interesting! We really need someone to translate this. Can you drop some more bits, maybe? And what do you mean by 'maybe have found FC?' Like did they rescue him... Do they know the place where he is kept(!)?

edit: People there say 'not only not found, but more and more doubts'!?!?!?!?!

KarmaShark

hero member

Activity: 617

Merit: 559

There is an on-going thread with an active discussion on one of the chinese social networking sites. I cannot translate well so the bits and pieces I can parse through insinuates they are trying to and may have found Fried Cat:

http://8btc.com/thread-14566-10-1.html

primeminer

sr. member

Activity: 424

Merit: 250

Quote from: Blazed on March 11, 2015, 07:03:45 AM

The board has no control over anything though. Obviously AM is a 1 man show...might as well be renamed into FriedCat Miner.

prove it! Gosh if you think you know something but only one source of the info is your best educated guess or wishful thinking, just keep this goody for yourself, unless you have some backing for your statement....

Silverspoon

member

Activity: 112

Merit: 10

Quote from: Puppet on March 11, 2015, 07:21:04 AM

...
Again you show an utter lack of knowledge...

Wouldn't go that far. Brother sells "silver-backed hashes." That alone shows me he has an insightful & nuanced understanding of the Bitcoin community.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Quote from: Puppet on March 11, 2015, 07:21:04 AM

Quote from: l3sny on March 11, 2015, 06:58:36 AM

The board IS the company.

Again you show an utter lack of knowledge. AM's board isnt structured like traditional companies. The board isnt elected or appointed, and it has no authority whatsoever. Its just a fancy name for anyone owning over 5000 shares in AM (not even in Bitfountain which owns most of AM). You could have least read the first two posts of the AM thread and figured this out:

Quote

Q: The privileges of board members are vague. What exactly could they do?
A: Some of the information and details of our company is only provided on
request of board members. Board members can monitor our business running face to face, or send
representations to do it. We also hope that board members could help us with a full-fledged
open financial management on both the RMB-nominated and BTC-nominated funds.

https://bitcointalksearch.org/topic/m.1088045

Yeah the board most likely won't have any saying at all, unless the remainder of AM decides to let them take the wheel or decide about options. I wonder who exactly remains on AM's bridge as of now... That David guy? Rock Xie???

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: l3sny on March 11, 2015, 06:58:36 AM

The board IS the company.

Again you show an utter lack of knowledge. AM's board isnt structured like traditional companies. The board isnt elected or appointed, and it has no authority whatsoever. Its just a fancy name for anyone owning over 5000 shares in AM (not even in Bitfountain which owns most of AM). You could have least read the first two posts of the AM thread and figured this out:

Quote

Q: The privileges of board members are vague. What exactly could they do?
A: Some of the information and details of our company is only provided on
request of board members. Board members can monitor our business running face to face, or send
representations to do it. We also hope that board members could help us with a full-fledged
open financial management on both the RMB-nominated and BTC-nominated funds.

https://bitcointalksearch.org/topic/m.1088045

Silverspoon

member

Activity: 112

Merit: 10

Quote from: l3sny on March 11, 2015, 06:58:36 AM

... The board IS the company.

Yeah, it's all there in the company charter, on pastebin.
Good morning, fellow moguls of finance & captains of industry!

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: l3sny on March 11, 2015, 06:58:36 AM

Quote from: Puppet on March 11, 2015, 04:12:58 AM

The board is supposed to put out a statement shortly; dont confuse that with the company, the board essentially consists of large shareholders, though they may have information we dont.

The board can make statements ONLY on behalf of the company and acts as its representative. Therefore anything they say refers to the company. The board IS the company.

The board has no control over anything though. Obviously AM is a 1 man show...might as well be renamed into FriedCat Miner.

l3sny

hero member

Activity: 859

Merit: 1000

Quote from: Puppet on March 11, 2015, 04:12:58 AM

The board is supposed to put out a statement shortly; dont confuse that with the company, the board essentially consists of large shareholders, though they may have information we dont.

The board can make statements ONLY on behalf of the company and acts as its representative. Therefore anything they say refers to the company. The board IS the company.

Kipsy89

sr. member

Activity: 280

Merit: 250

Relax!

Quote from: flame1012 on March 11, 2015, 06:05:57 AM

Quote from: Kipsy89 on March 11, 2015, 05:11:27 AM

Quote from: Puppet on March 11, 2015, 04:12:58 AM

The board is supposed to put out a statement shortly; dont confuse that with the company, the board essentially consists of large shareholders, though they may have information we dont.

Yeah, well... The board is effectively the only thing we have right now... We really need to know what AM's options are now, given that they most likely don't have access to FC's funds...

Check this:
https://bitcointalksearch.org/topic/m.10732792

Yeah coins are moving, but that doesn't mean jack. It could be that someone forced FC to give away the private keys or initiate a transfer of his BTC, using the $5 method...

flame1012

full member

Activity: 154

Merit: 100

Quote from: Kipsy89 on March 11, 2015, 05:11:27 AM

Quote from: Puppet on March 11, 2015, 04:12:58 AM

The board is supposed to put out a statement shortly; dont confuse that with the company, the board essentially consists of large shareholders, though they may have information we dont.

Yeah, well... The board is effectively the only thing we have right now... We really need to know what AM's options are now, given that they most likely don't have access to FC's funds...

Check this:
https://bitcointalksearch.org/topic/m.10732792

Kipsy89

sr. member

Activity: 280

Merit: 250

Relax!

Quote from: Puppet on March 11, 2015, 04:12:58 AM

The board is supposed to put out a statement shortly; dont confuse that with the company, the board essentially consists of large shareholders, though they may have information we dont.

Yeah, well... The board is effectively the only thing we have right now... We really need to know what AM's options are now, given that they most likely don't have access to FC's funds...

Kipsy89

sr. member

Activity: 280

Merit: 250

Relax!

Quote from: flame1012 on March 10, 2015, 09:38:00 PM

byt411 may translate it, he did some translations of the emails.
That site has not much information but it seems like he's doing a presentation about AsicMiner.
The date shows 8th of February 2014, so thats like a year ago.

I guess that was that one panel about the age of Exahash? They introduced the Tube miner and talked about future plans, promised dividends, etc... But they again missed many goals. That was in July or something last year...

Puppet

legendary

Activity: 980

Merit: 1040

The board is supposed to put out a statement shortly; dont confuse that with the company, the board essentially consists of large shareholders, though they may have information we dont.

flame1012

full member

Activity: 154

Merit: 100

Do you know where they will announce it.
Here on this tread?

primeminer

sr. member

Activity: 424

Merit: 250

there is a rumor that Asic Miner will have a public statement tomorrow.....

source close to the manufacturer, but I am not 100% it will happen

flame1012

full member

Activity: 154

Merit: 100

byt411 may translate it, he did some translations of the emails.
That site has not much information but it seems like he's doing a presentation about AsicMiner.
The date shows 8th of February 2014, so thats like a year ago.

jfieschi

full member

Activity: 131

Merit: 100

This is the real name of friedcat in Chinese : 蒋信予 (Xinyu Jiang)

I found this webpage, I need help for translate .

http://www.btcbbs.com/forum.php?mod=viewthread&tid=18179

Thanks.