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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 39. (Read 3917029 times)

legendary
Activity: 896
Merit: 1001


Don't wish to be negative but is late to ask those questions, due diligence needs to be done prior investment not after, no one can claim his own clumsiness.

Regards

Juan


Yeah I guess he's criticising exactly those aspects. Man, it's sad... But it's wrong to call AM a scam from the start - they brought the investors a 600% ROI! It's just a shame they let greed get hold of the best of them!

I agree they were legit during gen 1. I think once competition hit the scene they just couldn't compete. After multiple failures they said screw it and bailed. It is a shame how they left it though...a simple we are done would have been acceptable.


Why put the effort into making a gen3 chip with sample chips?

Why create a cloudhashing fund?

Why offer prisma refunds to everyone who wanted them? (still not refunded and probably never will)

Why design a prisma 2.0 and ship them from China?

Gen2 was decent, not amazing.  BTCGarden and Rockminer made some decent miners with those chips.


Gen 2 was a complete failure so I assume you mean gen 3? My guess is the samples were not as good as reported so they gave up on it. I think with the Prisma mess they were still trying to do the right thing and hoped gen 4 was solid. It is all speculation since it is not like AM would tell us or anything.

I guess I should have said BE200 instead of gen2.  Gen2, fall of 2013, was a failure.

I was a prisma owner and I took up the option to get a replacement prisma 2.0.  There was some damage once it arrived via CrazyGuy.  Not sure when the damage happened as CrazyGuy took shipment from AM and then forwarded the box to me.  I tried the prisma anyway and after about 2 weeks, the prisma 2.0 caught fire.  Lucky I was home at the time and caught it.

CrazyGuy was helpful with the whole thing.  CrazyGuy said that all prisma replacements would come from him but refunds will come from AM.  I guess the whole prisma thing is now moot.
legendary
Activity: 2128
Merit: 1119


Don't wish to be negative but is late to ask those questions, due diligence needs to be done prior investment not after, no one can claim his own clumsiness.

Regards

Juan


Yeah I guess he's criticising exactly those aspects. Man, it's sad... But it's wrong to call AM a scam from the start - they brought the investors a 600% ROI! It's just a shame they let greed get hold of the best of them!

I agree they were legit during gen 1. I think once competition hit the scene they just couldn't compete. After multiple failures they said screw it and bailed. It is a shame how they left it though...a simple we are done would have been acceptable.


Why put the effort into making a gen3 chip with sample chips?

Why create a cloudhashing fund?

Why offer prisma refunds to everyone who wanted them? (still not refunded and probably never will)

Why design a prisma 2.0 and ship them from China?

Gen2 was decent, not amazing.  BTCGarden and Rockminer made some decent miners with those chips.


Gen 2 was a complete failure so I assume you mean gen 3? My guess is the samples were not as good as reported so they gave up on it. I think with the Prisma mess they were still trying to do the right thing and hoped gen 4 was solid. It is all speculation since it is not like AM would tell us or anything.
sr. member
Activity: 280
Merit: 250
Relax!


Don't wish to be negative but is late to ask those questions, due diligence needs to be done prior investment not after, no one can claim his own clumsiness.

Regards

Juan


Yeah I guess he's criticising exactly those aspects. Man, it's sad... But it's wrong to call AM a scam from the start - they brought the investors a 600% ROI! It's just a shame they let greed get hold of the best of them!

I agree they were legit during gen 1. I think once competition hit the scene they just couldn't compete. After multiple failures they said screw it and bailed. It is a shame how they left it though...a simple we are done would have been acceptable.


Why put the effort into making a gen3 chip with sample chips?

Why create a cloudhashing fund?

Why offer prisma refunds to everyone who wanted them? (still not refunded and probably never will)

Why design a prisma 2.0 and ship them from China?

Gen2 was decent, not amazing.  BTCGarden and Rockminer made some decent miners with those chips.


I think they were maybe hoping for an even better gen 4 chip. Maybe they didn't get enough fundings (orders) from customers to actually make the chip. Maybe personal problems of FC. Could have all developed in December just when the orders should have been placed with TSMC...
member
Activity: 112
Merit: 10
I'm sure friedcat will come back...



  ~Happy Investing!

Meh, that's not even Lamby-grade image material! Where are the Chinese-style posters of some cat being tortured or something?

When you deserve better, you'll get better.  Fail harder next time, impress me!
AM/AMH scam is tired old news, be thankful you get anything Angry
legendary
Activity: 896
Merit: 1001


Don't wish to be negative but is late to ask those questions, due diligence needs to be done prior investment not after, no one can claim his own clumsiness.

Regards

Juan


Yeah I guess he's criticising exactly those aspects. Man, it's sad... But it's wrong to call AM a scam from the start - they brought the investors a 600% ROI! It's just a shame they let greed get hold of the best of them!

I agree they were legit during gen 1. I think once competition hit the scene they just couldn't compete. After multiple failures they said screw it and bailed. It is a shame how they left it though...a simple we are done would have been acceptable.


Why put the effort into making a gen3 chip with sample chips?

Why create a cloudhashing fund?

Why offer prisma refunds to everyone who wanted them? (still not refunded and probably never will)

Why design a prisma 2.0 and ship them from China?

Gen2 was decent, not amazing.  BTCGarden and Rockminer made some decent miners with those chips.
legendary
Activity: 2128
Merit: 1119


Don't wish to be negative but is late to ask those questions, due diligence needs to be done prior investment not after, no one can claim his own clumsiness.

Regards

Juan


Yeah I guess he's criticising exactly those aspects. Man, it's sad... But it's wrong to call AM a scam from the start - they brought the investors a 600% ROI! It's just a shame they let greed get hold of the best of them!

I agree they were legit during gen 1. I think once competition hit the scene they just couldn't compete. After multiple failures they said screw it and bailed. It is a shame how they left it though...a simple we are done would have been acceptable.
sr. member
Activity: 280
Merit: 250
Relax!
I'm sure friedcat will come back...



  ~Happy Investing!

Meh, that's not even Lamby-grade image material! Where are the Chinese-style posters of some cat being tortured or something?
member
Activity: 112
Merit: 10
I'm sure friedcat will come back...



  ~Happy Investing!
sr. member
Activity: 280
Merit: 250
Relax!


Don't wish to be negative but is late to ask those questions, due diligence needs to be done prior investment not after, no one can claim his own clumsiness.

Regards

Juan


Yeah I guess he's criticising exactly those aspects. Man, it's sad... But it's wrong to call AM a scam from the start - they brought the investors a 600% ROI! It's just a shame they let greed get hold of the best of them!
hero member
Activity: 532
Merit: 500
TaaS is a closed-end fund designated to blockchain

Is ASICMINER a legally formed Chinese entity?

Do chinese corporations need to have registered agents for service of process as they do in the US and many other countries?

Who is their registered agent?

Who are the directors of ASICMINER?

No... this is not just a "simple" case of suing a chinese company.

Reminds me of the 90's when people thought that corporate paperwork was too much burden, that all one should have to do to go public was registered a dot com name... (for real, this was discussed on one of the business news channels way back when.... back when Netscape was a going concern). peaple fell into that new paradigm here too... "oh, awesome tech! I wanna invest... what's that? it's not a real corporation? No prob! No registered agent or even business address so that i can contact someone if I have concerns? No prob... besides, corporations are just legal constructs of the governments that we all hate". Then things blow up.

Word to the wise. I haven't even looked. But if there are other companies listed on exchanges, people would be well advised to demand that those companies formally register as such and actually assign them real shares, rather than the phantom shares and promises that they all seem so found of issuing...

Don't wish to be negative but is late to ask those questions, due diligence needs to be done prior investment not after, no one can claim his own clumsiness.

Regards

Juan
full member
Activity: 154
Merit: 100
Join the Amhash chatroom to discuss the legal path:
https://kiwiirc.com/client/irc.dal.net/#amhash
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
just checked the files I was sent... yep still have them.  you would be the last person I would release them to as I told you before.  any other trusted people, no prob...
you are a liar.

I'd offer, though since some around here seem to think I'm Puppet and I work for Asicminer I might not be the best choice.
Perhaps BadBear or hilariousandco would be willing?

BadBear isn't a fan of getting involved with things like this. Any of the general escrow agents could handle something like this though.
sr. member
Activity: 518
Merit: 250
^You'd offer ...what?

...To take them files  Grin Grin Grin Don't you understand Huh Roll Eyes THEM FILES.
But he can't because of Puppet and asicminer or smth  Wink
member
Activity: 112
Merit: 10
^You'd offer ...what?
legendary
Activity: 1274
Merit: 1004
just checked the files I was sent... yep still have them.  you would be the last person I would release them to as I told you before.  any other trusted people, no prob...
you are a liar.
I'd offer, though since some around here seem to think I'm Puppet and I work for Asicminer I might not be the best choice.
Perhaps BadBear or hilariousandco would be willing?
member
Activity: 112
Merit: 10
...
That's not a rumor, she is looking for him

No. Without a statement from Mama Cat, it's called a rumor.
With a statement from Mama Cat, it would become a claim.
Claims by Anons such as yourself, especially those with vested interests, are plentiful, often mutually contradictory, and neither here nor there.
You, for instance, have lied to help out your friend Benny Schlichter.
Don't make me look it up.

oh please do.

Sure.  Here's the post in question:  https://bitcointalksearch.org/topic/m.8071506
No such signed documents existed, ergo canary couldn't have had it in his possession.

just checked the files I was sent... yep still have them.  you would be the last person I would release them to as I told you before.  any other trusted people, no prob...
you are a liar.

I totally trust you.  See edit above.  
It's not the fact that you lie that I find so irritating, but how ineptly you do it.
Get good.  Start taking pride in what you do, fagit Smiley
donator
Activity: 2352
Merit: 1060
between a rock and a block!
...
That's not a rumor, she is looking for him

No. Without a statement from Mama Cat, it's called a rumor.
With a statement from Mama Cat, it would become a claim.
Claims by Anons such as yourself, especially those with vested interests, are plentiful, often mutually contradictory, and neither here nor there.
You, for instance, have lied to help out your friend Benny Schlichter.
Don't make me look it up.

oh please do.

Sure.  Here's the post in question:  https://bitcointalksearch.org/topic/m.8071506
No such signed documents existed, ergo canary couldn't have had it in his possession.

just checked the files I was sent... yep still have them.  you would be the last person I would release them to as I told you before.  any other trusted people, no prob...
you are a liar.
member
Activity: 112
Merit: 10
...
That's not a rumor, she is looking for him

No. Without a statement from Mama Cat, it's called a rumor.
With a statement from Mama Cat, it would become a claim.
Claims by Anons such as yourself, especially those with vested interests, are plentiful, often mutually contradictory, and neither here nor there.
You, for instance, have lied to help out your friend Benny Schlichter.
Don't make me look it up.

oh please do.

Sure.  Here's the post in question:  https://bitcointalksearch.org/topic/m.8071506
No such signed documents existed, ergo canary couldn't have had it in his possession.

Edit:  Feel free to skim the last page of that thread (at which point Benny locked it) to see how things turned out.  If it's not clear that Benny didn't win the auction, here's more:  https://litecointalk.org/index.php?topic=3126.msg216625#msg216625
hero member
Activity: 644
Merit: 500

Is ASICMINER a legally formed Chinese entity?

Do chinese corporations need to have registered agents for service of process as they do in the US and many other countries?

Who is their registered agent?

Who are the directors of ASICMINER?

No... this is not just a "simple" case of suing a chinese company.

Reminds me of the 90's when people thought that corporate paperwork was too much burden, that all one should have to do to go public was registered a dot com name... (for real, this was discussed on one of the business news channels way back when.... back when Netscape was a going concern). peaple fell into that new paradigm here too... "oh, awesome tech! I wanna invest... what's that? it's not a real corporation? No prob! No registered agent or even business address so that i can contact someone if I have concerns? No prob... besides, corporations are just legal constructs of the governments that we all hate". Then things blow up.

Word to the wise. I haven't even looked. But if there are other companies listed on exchanges, people would be well advised to demand that those companies formally register as such and actually assign them real shares, rather than the phantom shares and promises that they all seem so found of issuing...
sr. member
Activity: 424
Merit: 250
...
That's not a rumor, she is looking for him

No. Without a statement from Mama Cat, it's called a rumor.
With a statement from Mama Cat, it would become a claim.
Claims by Anons such as yourself, especially those with vested interests, are plentiful, often mutually contradictory, and neither here nor there.
You, for instance, have lied to help out your friend Benny Schlichter.
Don't make me look it up.

oh please do.
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