are you the same people as from http://twitter.com/asicminer ?
No, I'm not.
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1343. (Read 3916324 times)
Thank you, I do not have a common knowledge of the system over there.
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.
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 ?
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
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
Price can be discussed depending on volume ? Below the IPO price of 0.1
How does that work
//DeaDTerra
Lol
Respect Mr. Boss !
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
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
Price can be discussed depending on volume ? Below the IPO price of 0.1
How does that work
//DeaDTerra
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
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
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
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.
The GLBSE works well now. Shares are being sent. Thanks for waiting.
Additionally, the GLBSE contract does not mention the 10000 stock offer bonus that the OP does.
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.
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.
Question: If someone does not initially purchase 5000 shares, but later obtains that amount, would they become a board member?
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?
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.
"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.
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.
Sorry for the hijack lol
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.
"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.
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.
"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.
Indeed,
It says initially 30.000 are for public sale, the ratio might be adjusted
I can understand if you want to keep it at 30.000, but then I suggest you lower the threshold for private sales
What will happen if not enough funds are raised when private sales are insufficient, yet many people want to buy smaller lots of stock, and are now even willing to pay over the 0.1 initial pricing
It says initially 30.000 are for public sale, the ratio might be adjusted
I can understand if you want to keep it at 30.000, but then I suggest you lower the threshold for private sales
What will happen if not enough funds are raised when private sales are insufficient, yet many people want to buy smaller lots of stock, and are now even willing to pay over the 0.1 initial pricing
Thanks. The 5,000 and 10,000 thresholds are for becoming board members and have more extra shares. There are practically no threshold for bulk purchase. However I would prefer larger numbers, say, >500 shares, to reduce our manual work of the GLBSE transferring system.
500 shares is fairly affordable for everyone, but the price would be 0.1 I guess?
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