ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 46.

Cassandra_PR

newbie

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Quote from: silverfuture on March 14, 2015, 11:24:00 AM

...yet another exit scam black mark for pseudonymous bitcoin ventures
...Identity and reputation are important in business and I guess this is yet another life lesson any investors.

So many life lessons... You must be at least a PhD by now, doctor.

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

Quote from: MidwestMiner on March 14, 2015, 11:12:30 AM

Quote from: xhomerx10 on March 14, 2015, 11:01:13 AM

Quote from: Silverspoon on March 14, 2015, 10:11:51 AM

Quote from: xhomerx10 on March 14, 2015, 09:59:04 AM

...Why don't you 2 set up an exchange commission for bitcoin related investments and set up some basic accounting and reportability criteria for listings? That would be awesome.

I always assumed the whole point of "investing" in Bitcoin securities is degradation & humiliation?
How would introducing basic accountability maximise the above aforementioned?

It's a start-up industry and as you may or may not know, most fledging companies never make it past year one. There is no degradation or humiliation in trying. We as "investors" see potential in the industries surrounding bitcoin but don't necessarily have the ability, funds, or wherewithal to create our own start-up so we place our faith in others who seem to know how. Sometimes we lose, sometimes we win. The only degradation I see comes from you and your ilk; sitting on the sidelines pretending to have all the answers and taking glee in other's losses. AM did quite well in the early years and it wasn't "luck" as friedcat has abilities beyond yours and mine but Friedcat is still human and I would imagine when subjected to the stresses involved in running a company would have a similar reaction to the rest of us. I mean look, even NotLambChop has lost interest in his incessant, condescending posting in here and he really enjoyed it. Perhaps it also became too much for him to continue? So it seems that Friedcat and NotLambChop have given up on their vocation to both our joy and to our dismay. I feel neither degrade nor humiliated and I wish them well.

There is no shame in giving up. There is some in an entire company disappearing overnight and offering no explanation.

Yeah, it certainly isn't the way to liquidate a failed company and be fair to all parties. As an IPO investor in AM this has been a profitable investment for me but I really don't like this situation at all, especially since it is looking like yet another exit scam black mark for pseudonymous bitcoin ventures. Also as an IPO investor in AM I feel that it was our money that made this possible. Identity and reputation are important in business and I guess this is yet another life lesson any investors.

MidwestMiner

full member

Activity: 224

Merit: 100

Quote from: xhomerx10 on March 14, 2015, 11:01:13 AM

Quote from: Silverspoon on March 14, 2015, 10:11:51 AM

Quote from: xhomerx10 on March 14, 2015, 09:59:04 AM

...Why don't you 2 set up an exchange commission for bitcoin related investments and set up some basic accounting and reportability criteria for listings? That would be awesome.

I always assumed the whole point of "investing" in Bitcoin securities is degradation & humiliation?
How would introducing basic accountability maximise the above aforementioned?

It's a start-up industry and as you may or may not know, most fledging companies never make it past year one. There is no degradation or humiliation in trying. We as "investors" see potential in the industries surrounding bitcoin but don't necessarily have the ability, funds, or wherewithal to create our own start-up so we place our faith in others who seem to know how. Sometimes we lose, sometimes we win. The only degradation I see comes from you and your ilk; sitting on the sidelines pretending to have all the answers and taking glee in other's losses. AM did quite well in the early years and it wasn't "luck" as friedcat has abilities beyond yours and mine but Friedcat is still human and I would imagine when subjected to the stresses involved in running a company would have a similar reaction to the rest of us. I mean look, even NotLambChop has lost interest in his incessant, condescending posting in here and he really enjoyed it. Perhaps it also became too much for him to continue? So it seems that Friedcat and NotLambChop have given up on their vocation to both our joy and to our dismay. I feel neither degrade nor humiliated and I wish them well.

There is no shame in giving up. There is some in an entire company disappearing overnight and offering no explanation. I think the community as a whole would be fairly OK with "we ran out of funds to purchase wafers and our mining operations profitability cannot carry the company. We out!" But the silent approach is not kosher.

Also seems odd since even with FC missing (if the rest of the operation is still functioning) I would think that their IP collection, customer list and name would carry a fairly significant value to other large operations in the space.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: Silverspoon on March 14, 2015, 10:11:51 AM

Quote from: xhomerx10 on March 14, 2015, 09:59:04 AM

...Why don't you 2 set up an exchange commission for bitcoin related investments and set up some basic accounting and reportability criteria for listings? That would be awesome.

I always assumed the whole point of "investing" in Bitcoin securities is degradation & humiliation?
How would introducing basic accountability maximise the above aforementioned?

It's a start-up industry and as you may or may not know, most fledging companies never make it past year one. There is no degradation or humiliation in trying. We as "investors" see potential in the industries surrounding bitcoin but don't necessarily have the ability, funds, or wherewithal to create our own start-up so we place our faith in others who seem to know how. Sometimes we lose, sometimes we win. The only degradation I see comes from you and your ilk; sitting on the sidelines pretending to have all the answers and taking glee in other's losses. AM did quite well in the early years and it wasn't "luck" as friedcat has abilities beyond yours and mine but Friedcat is still human and I would imagine when subjected to the stresses involved in running a company would have a similar reaction to the rest of us. I mean look, even NotLambChop has lost interest in his incessant, condescending posting in here and he really enjoyed it. Perhaps it also became too much for him to continue? So it seems that Friedcat and NotLambChop have given up on their vocation to both our joy and to our dismay. I feel neither degrade nor humiliated and I wish them well.

MidwestMiner

full member

Activity: 224

Merit: 100

There is obviously a LOT that we don't know still. What frustrates me is how such a relatively large (in both value, hardware, expertise and staff) operation can vanish without the community knowing more than it does.

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: sidehack on March 14, 2015, 09:55:50 AM

I figured Hashlord was like the Landlord of mining, so probably an informal title for the DC owner/operator.

We seem to be in overall agreement but I think that rather than "HashLord" (with a capital L) being a person or an informal title, it's a company name or brand like HashRatio or Hashnest.

Silverspoon

member

Activity: 112

Merit: 10

Quote from: xhomerx10 on March 14, 2015, 09:59:04 AM

...Why don't you 2 set up an exchange commission for bitcoin related investments and set up some basic accounting and reportability criteria for listings? That would be awesome.

I always assumed the whole point of "investing" in Bitcoin securities is degradation & humiliation?
How would introducing basic accountability maximise the above aforementioned?

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: AirWolf on March 14, 2015, 09:21:41 AM

Quote from: Puppet on March 14, 2015, 08:25:36 AM

Airwolf to the rescue!

UNfortunately, like the series, only 8 year olds would lend it credibility, and he is way behind the curve.

Sure you have more credibility, the same you used TO LURE MANY OF US INTO AMHASH...

Recommendations were made based on past performance of the principles and these appeared sound. AM and friedcat had a relatively long history in bitcoin mining and equipment and it was their credibility which lead to any recommendation of AMHash. Let's not beat up on one another over this; it is pointless. Why don't you 2 set up an exchange commission for bitcoin related investments and set up some basic accounting and reportability criteria for listings? That would be awesome.

sidehack

legendary

Activity: 3416

Merit: 1865

Curmudgeonly hardware guy

I figured Hashlord was like the Landlord of mining, so probably an informal title for the DC owner/operator.

elasticband

legendary

Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

Quote from: Mabsark on March 14, 2015, 09:42:12 AM

To me, it seems like either a username or a business name, not a description of a role. It's a separate party from AM, RM and Havelock. If it was just a person in control of the hash rate, that person would probably be an AM employee, not a separate party. It makes far more sense to me that HashLord is in the business of hosting miners.

then the quote should look more like this, but that's just my take on it.

Quote

AMHash theoretically involves 5 Parties (Rockminer, Asicminer, HashLord, havelock, Private Investors)

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: elasticband on March 14, 2015, 09:20:16 AM

I think your wrong. Jutaral didn't use any company names he just names the roles of all those involved who ever they maybe.

Quote from: Jutarul on March 11, 2015, 01:10:00 PM

AMHash theoretically involves 5 Parties (Operator, Manufacturer, HashLord, Contract Platform, Contract Holder)

To me, it seems like either a username or a business name, not a description of a role. It's a separate party from AM, RM and Havelock. If it was just a person in control of the hash rate, that person would probably be an AM employee, not a separate party. It makes far more sense to me that HashLord is in the business of hosting miners.

AirWolf

full member

Activity: 140

Merit: 100

Havelock robbed me 170BTC

Quote from: Puppet on March 14, 2015, 08:25:36 AM

Airwolf to the rescue!

UNfortunately, like the series, only 8 year olds would lend it credibility, and he is way behind the curve.

Sure you have more credibility, the same you used TO LURE MANY OF US INTO AMHASH...

elasticband

legendary

Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

Quote from: Mabsark on March 14, 2015, 09:02:20 AM

By DC, I just mean a facility that hosts the miners. Whether it is an actual DC, a barn, a shed or a food factory is irrelevant. The relevant point is that HashLord was in control of it, not AM. Also, I would say it's more likely that HashLord is a business entity rather than an individual.

I think your wrong. Jutaral didn't use any company names he just names the roles of all those involved who ever they maybe.

Quote from: Jutarul on March 11, 2015, 01:10:00 PM

AMHash theoretically involves 5 Parties (Operator, Manufacturer, HashLord, Contract Platform, Contract Holder)

Mabsark

legendary

Activity: 826

Merit: 1004

Quote from: elasticband on March 14, 2015, 08:24:55 AM

Quote from: Mabsark on March 14, 2015, 07:22:31 AM

No you didn't and no I didn't. Based on Jutarul's info, it's pretty obvious that HashLord owns the DC as there isn't any other role it could fill.

the hashlord is the person who controls the hashrate or the facility where the hashrate is held surely and i don't think they own a DC, i think they own a food factory......

By DC, I just mean a facility that hosts the miners. Whether it is an actual DC, a barn, a shed or a food factory is irrelevant. The relevant point is that HashLord was in control of it, not AM. Also, I would say it's more likely that HashLord is a business entity rather than an individual.

Silverspoon

member

Activity: 112

Merit: 10

^And he would have gotten away, too, weren't for you meddling kids!

Cablez

legendary

Activity: 1400

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I owe my soul to the Bitcoin code...

Do we have a real name to associate with this 'hashlord'? Is this effort underway yet?

Puppet

legendary

Activity: 980

Merit: 1040

Airwolf to the rescue!

UNfortunately, like the series, only 8 year olds would lend it credibility, and he is way behind the curve.

elasticband

legendary

Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

Quote from: Mabsark on March 14, 2015, 07:22:31 AM

No you didn't and no I didn't. Based on Jutarul's info, it's pretty obvious that HashLord owns the DC as there isn't any other role it could fill.

the hashlord is the person who controls the hashrate or the facility where the hashrate is held surely and i don't think they own a DC, i think they own a food factory......

Mabsark

legendary

Activity: 826

Merit: 1004

Havelock is simply a shareholder of AM with more than 5000 shares. Having 5000 shares gets you a seat on the board. Having a seat on the board doesn't make you an owner of AM any more than having 1 share does.

This information has always been public knowledge.

AirWolf

full member

Activity: 140

Merit: 100

Havelock robbed me 170BTC

Quote from: flame1012 on March 14, 2015, 07:53:38 AM

Quote from: el_rlee on March 14, 2015, 07:03:46 AM

Hi Everyone,

sorry for not reading up on that many posts... I gather FC is missing and also the hashrate for certain mines listed on havelock.
Is there any news outlet covering the story so I could read up on the whole thing? Coindesk etc?

Which havelock stocks are affected? AM1 and AM100 as well or only AMHASH1?

A few news sites have covered the story.
But the only reality we can be sure of is that Amhash share trade and the daily dividend payments are currently frozen.
AM and AM100 shares are still being traded on Havelock but the price has dropped pretty much because of what happened lately.

The related companies are claiming that;
1) They have lost control of ~3 petahash of their farm
2) FriedCat is missing, and that he had control over everything and the funds
4) Therefore they are stuck now.

Not so stuck, James Grant of Havelock is member of AMHASH/ASICMINER: https://bitcointalksearch.org/topic/m.10770429

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 46. (Read 3917661 times)