Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1073. (Read 3917058 times)

ddos 

Could be. But that news on reddit is 6 days old, you genius.  

k, so more blades have been sold on top of the usb sticks. Nice nice. Sounds promising :-)

btct.co under ddos attack :-(


http://www.reddit.com/domain/btct.co/

Divs are a bit hard to guess this week

- 0.0130/share from mining isn't probably far off.
- If only those 511 are sold that would mean a +0.0024/share on the divs, but if all 10k are sold we're looking at 0.0490/share.
- Blade sells are also very difficult to guess.. it 'll be +0.0115/share for every 100 sold blades.

more have been sold, yes. though how many i don't know. i personally can account for 511 of the USB sticks, and i know i've seen people get tracking info for the blades.

https://btct.co/ seems to be down at the moment. Does anyone here know what happened?

Anyone has an educated guess on todays divident?

I'm thinking less than last weeks... Or did we sell more devices?

I don't want to crap up this thread any more than it has been, but yes, one of the main features I wanted to offer, and I thought others would value, was convertability to and from full-share PT as well as full shares (with minimum transaction limits).

Sadly (for me) the moderators at LTC-Global (ie the owners of btct.co) have chosen not to vote to approve my listing.   After 3 weeks, it seems to me that either I'm not trustworthy and/or my model isn't deemed worthy, and I plan on pulling the plug on my offering. 

Sadly for investors, that means the only micro-share PT for ASICMiner on the three exchanges I'm aware of - btc-tc, bitfunder and havelock - are owned and run by one person.  This sort of concentration of ownership and lack of competition does not strike me as a good thing.  But I digress.

On the plus side (for me), the extra shares I purchased to sell into my IPO (because I didn't want to sell my own personal holdings) have doubled in value. 

one of the shareholders usually spots it and mentions it in this thread first, yea.

also, the timing varies a bit, but it should be within about 6 hours at the most.

What time it is when they tell the devidend of the week? And does it always happen here first?

This discussion should really be in the appropriate place: https://bitcointalk.org/index.php?topic=199449.20 this thread should be for discussion on ASICMINER not for a 3 page argument about one specific pass-through scheme.

That aside, I think that a 1/100 share is a good idea and something that the market needed. If you don't like the fee or don't trust TAT with your BTC then don't use it or find/create another one. As far as not being able to transfer to full shares, I don't really see the issue seeing as you can exchange them for BTC then buy full shares on the same exchange, saving friedcat having to deal with even more transfers allowing him to spend his time on more important matters.

I do agree that it is a risk to trust ThickAsThieves with your money, but most things bitcoin related are a risk. And the risk isn't really that large if you sell your shares and buy full ones whenever you have 100, so the amount you are risking is less than the price of 1 full share at any time.

Thanks for the insight Jutarul, it's very much appreciated. As is the effort provided by you and others on the board and/or leadership team. Each week Bitcountain continues to prove that it is being operated by an extremely competent group, and that the future is bright.  

Also thanks for selling me those shares a few months back for BTC0.5... I can only imagine what your portfolio looks like these days.  

Speak for yourself. If someone is running a fund it takes time. If they choose to charge a fee, as happens on many funds, then they can. It's not bad, it's not disreputable, and they don't need to offer other services such as real shares. It is their fund and their choice. It is your choice not to invest in it for the reasons you've given, but please stop banging on about it.

If someone wants to invest in these shares then they do it accepting the 5% fee and the other rules. If an alternative fund comes up which has better terms then they'll move. Until then, that's the market position and it is a free market.

You are always free to manage a competing fund.

Wasn't there another 1/100 PT by Rodyland that was convertible to full PTs? Just let people pick whatever PT or 1/100 PT they want. And let's get back to discussing ASICMINER instead of the PTs?

Re: converting 100/1 into 1/1, I think it is not that complicated to place a buy order for 1/1 and a sell order for 100*1/100 at the same price, the market is liquid enough on BTC-TC and BitFunder as far as I have seen.

You've set yourself at a point where you tell me what I am - while I really just asked to see more of who YOU were, let that speak what it may.
I am fine with you not speaking to me - but I have a voice and I intend to use it: My points have been stated and I would recommend people invest into Direct shares or ASICMINER-PT on https://btct.co. I think that all of us in this thread will agree.

For everyone else, I'm just going to note that I can tell that pierrejo is the kind of person that is "always right" and cannot be reasoned with. Since he has not posed any new questions, nor ascertainable criticisms of substance, I have no more to say to him. I know if respond point-by-point to him any further, this will just clutter an already stuffed thread unnecessarily.

Managing assets is much more time-consuming than it might appear, ask anyone that has actually run a popular one. Thanks to everyone for your support; I'm here to stay and if you ever have questions or suggestions, my door is always open (within reason, of course!)

As someone mentioned above (tired and it's late. Give me a break ), they're buying as many ASICMINER shares as they can via the 1/1 PT, and using the change @ the 1/100 PT.

Great that I can reinvest my change back into the asset without having to wait for the next dividend to come in to optimize things (it's minor, but it adds up in the long run).

As for the not able to trade into real shares... I can totally understand what TAT is doing. If I had 100 1/100 shares, and wanted to trade it into a real share, that'd mean Friedcat would have to handle the transaction. Now imagine if 50 people want to do this a day. That's 350 "pointless" transactions Friedcat would have to handle. Imo, not worth his time. Maybe if I had 5,000 1/100 shares (50 shares) it would be worth it.

For the 5%... I'm not a huge fan, but a 95% return on a 50% an ASICMINER Share dividend is 0%.  If people have so many issues, maybe one of them should step up and run a 1/100 PT themselves?

On a personal note. I'm glad TAT is being 100% honest about why he is doing this. He wants a seat on the board. No bullshit, simple truth.

You don't have to warn me, numbers speak to me well enough.
1) I think 5% is overkill for someone who essentially does nothing a spreadsheet wouldn't do. The overhead should be 3.5% tops.

2) I genuinely don't trust your security because you have nothing invested / no credibility in my eyes short of "I'm connected on linkedin with burnside" which, despite my huge respect for burnside, means squat when it comes to make me trust you - he might be friend with a dude who claims to be Batman for all I care, that won't make me call that guy Bruce Wayne.

3) I see way too much of you on those forums, always out to sell yourself. Let the market talk instead of having puppet posts prop TAT up. What's your company? What do YOU do?

3) I agree with the concept of a 1/100th share, even with a small fee, but you need to provide better backing for the security to warrant that fee. The fact that you prevent people from converting to full share makes sense to try to grow your shares and get to a board seat, but doesn't work in your favor to make one trust you - it makes it sound like it exactly is: the customer is locked in. I don't like to be locked in. At 5%, I think you should let people exchange to direct share for a minor fee (5%) and you'd still come up on top.

4) Currently I would much rather work only with full ASICMINER & PT shares that are backed by people with very public profiles + exchanges built by themselves (read: by people who are more interested in the exchange succeeding rather than a guy out to make more BTCs), than deal with someone shady who is alluding to thievery in his username - it genuinely bothers me that you find the name proper, particularly after Pirateat40. For everyone's sake, I hope you're a honest guy. But I wouldn't touch the shares with a stick right now: you haven't provided anything that would insure us against you taking the money and running - NOTHING protects TAT investors but trust. Investors beware.

This is free advice - no warning - many people are out to scam this community, I'd advise everyone to be very careful. I don't think TAT is out to scam people but others might & you would do well to use escrow, 2 factor, and the new trust system being put into place when dealing with others...

As to you TAT, I wish you the best in that venture and hope you learn plenty doing so and eventually succeed.