Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1343. (Read 3917029 times)

The chance of Chinese gov making action is small, or at least not significant higher than that of governments in US or EU.

By copycats, you might mean one of the several following possibilities:

1. chip reverse engineering from our buyers.
2. foundry stealing our design.
3. foundry employees leaking our design privately.

All of the three will not make the copycats' lives much easier than ours. Because unlike software, the copycats will also spend the same amount of money as NRE. There's no way that they could just duplicate our chips using magic devices. Plus, our foundry accepts lots of orders of taping out embedded-CPUs each month, and many of them involve ~2M$ worth of bought IPs (ARM architecture), so we expect that 2 and 3 is very unlikely happen to us, and if it does happen, there will be much more people (cellphone and pad manufacturers) worrying about them with much more money.

Thanks for your question.

are you the same people as from http://twitter.com/asicminer ?

Lol

Respect Mr. Boss ! 

I am just that boss ^^
//DeaDTerra

Price can be discussed depending on volume ? Below the IPO price of 0.1

How does that work 

Is there any chance of Chinese gov interference, or copy cats? Are you 100% protected from some sweat shop taking about your design and selling it for less? We have a flood of copy cat products here in the USA. Or the gov taking your business? I'm sorry I do not know how things work in China.

I am taking orders for ASICMINER shares.
Price starting at 0.1 BTC but can be discussed depending on volume
No minimum volume and instant transfer after the transaction has been received.
Pm me
//DeaDTerra

I think you should list one more risk in your list of risk scenarios, which is another manufacturer beating you in time to market or manufacture. The implications of this would potentially be higher difficulty at start of mining + earlier halving of the block reward. Hedge would ofc be the same: to diversify your portfolio.

Update

The GLBSE works well now. Shares are being sent. Thanks for waiting.

Yes. It also has a typo of 2012 to 2011, and misses several clauses and details in the thread.
Since it is not possible to edit it ourselves after it's submitted, the updated version will be sent
to the GLBSE manager. Thanks.

Update

The GLBSE transferring system seems to be not working at this moment. It reports "Internal Server Error" when sending shares out. All current bulk purchase requests are being processed, and the shares will be sent immediately when the system works again.

They will. But the total of 5000 shares should be obtained directly from us.

Additionally, the GLBSE contract does not mention the 10000 stock offer bonus that the OP does.

Question: If someone does not initially purchase 5000 shares, but later obtains that amount, would they become a board member?

Think the GLSBE has a post around to suggest things, I think you hit a winner with that idea. Maybe options to add board members with X% of shares to each stock?
Sorry for the hijack lol

yes. But I guess this is rather a shortcoming of GLBSE, which doesn't offer a functionality to "lock" shares into long term. But the idea (I guess) is that each board member has a minimal stake of 5k shares in the company, which makes sense.

I'm slightly confused by this statement:
"Each investor who privately buys 5,000 or more shares will get extra 10% ones, plus a position on the board of Bitfountain."

Is this position earned by 'buying' 5,000 shares or by 'holding' 5,000 shares?

E.g., the scenario of someone who buys 5,000 privately then sells them on GLBSE for whatever markup can be had. Then after the IPO is finished he has 500 shares (the "extra 10%") effectively free or probably at an initial profit.

In that case, someone with a 500 share stake who has already taken his intended profits has a board position? That person no longer has much of a vested interest in ensuring a full-faith audit. If anything, the motivation could be to promulgate blue-sky good news to create a bubble to sell his last 500 shares into.

500 shares is fairly affordable for everyone, but the price would be 0.1 I guess?

Throwing more shares at the public offering doesn't make sense right now and would even play into the hands of those who go short on this IPO. If you're seriously concerned about investing into this company then try the bulk purchase if there's still some available.

I guess what friedcat "could" do is to set aside a chunk of shares for small investors and ask somebody to maintain an order book. Then after the IPO succeeds those shares should be handed to the individuals through the GLBSE transfer system. However, I already see some volunteers doing this in effect: e.g. HorseRider. But it would be better if there would be ONE TRUSTED person doing this, which also has an option on those shares!

 

I'm already a bulk investor myself and paid all the bitcoin and bought the number of shares I want to buy.
If you are a retail investor who wants to buy the share at the price of 0.1BTC, please PM me such information in such order:


GLBSE account   Forum ID   Bitcoin amount


1. GLBSE account is for the share transfer
2. I know your Forum ID for your message, but it will be convenient for me to paste in the sheet.
3. Bitcoin amount should be >=20 5BTC, and I will round it down to 1 digit.


After I get your PM, I will provide you a bitcoin address. and please send the coins to the address I give you.
I will transfer the shares to your GLBSE account after I get the shares.

I think this is meaningful: your money is buying the new shares, not old shares from me. I'm not selling my old shares to the public.

• No charge back request accepted, I will just transfer the shares to you if you have sent your money.
  If you send more money than you claim in the end, I will transfer the equivalent shares to your GLBSE account.
  Before the transfer job is done, I will edit this post and make announcement that I will no longer accept money.
  I won't reply to confirm you that I get the money. the blockchain will confirm it for us. My PM reply is enough evidence if I'm scamming you.
  Theoretically speaking, it is impossible to avoid the situation that you sent me the money and the IPO is already over, and I haven't order enough shares from friedcat. If this happens, those who send me the money first will have priority to get the shares I have, the others will get their money back.
  

Edit


Friedcat has just set up a new and dedicated address for me. Any money sent me by the retail investors will be transfer to that address immediately when I have access to internet. When the money reaches that  dedicated address, it will treated as the shares are purchased. However, friedcat only has to do the share transferring a single  time, and I will distributed to others.

I will give a list of the retail investor at the end of the IPO, (the name will only contains the first character and the last one.) and the dedicated address.

The dedicated address is

1JJMCKsPU8FVdJz8fkNiG5zKTNhgEcSRzs

https://blockchain.info/address/1JJMCKsPU8FVdJz8fkNiG5zKTNhgEcSRzs

So that everyone will make sure that all the money have been used to buy new shares.



 As I might will be paying the share transferring fee, so people can donate me some bitcoin this address, thank you.:

1NTnocYbHGg9ERF96qR68Mj8P2m7RfnfQi