ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 505.

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: empoweoqwj on February 03, 2014, 04:17:34 AM

That sounds really good then. Just the sort of thing AM were considering doing but would probably not got round to in a month of Sundays

Can we add it to the question list for next round of questions?

Would AM consider using "Counterparty" decentralized exchange to run their shares on?

Some question like that anyway .....

Sounds definitely like a possible question!

jimmothy

hero member

Activity: 770

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Quote from: ?? on ??

Great care needs to be taken in evaluating options for what to do with shares.

Counterparty, Mastercoin, Colored Coins, and I'm sure other systems could all probably serve the needs of AM, but it is important to thoroughly evaluate the pros and cons of each solution.

I am inclined to think that AM is serious enough of a company that they should sit back for a nice long while (in bitcoin time) and let other people take on the risk of adopting these systems. After the market has spoken and there is a clear winner(s), then AM can safely adopt such a system.

Hoping colored coins takes off. I've heard mastercoin has a few cool features but that doesn't matter if its centralized.

_mr_e

legendary

Activity: 817

Merit: 1000

Quote from: ?? on ??

Great care needs to be taken in evaluating options for what to do with shares.

Counterparty, Mastercoin, Colored Coins, and I'm sure other systems could all probably serve the needs of AM, but it is important to thoroughly evaluate the pros and cons of each solution.

I am inclined to think that AM is serious enough of a company that they should sit back for a nice long while (in bitcoin time) and let other people take on the risk of adopting these systems. After the market has spoken and there is a clear winner(s), then AM can safely adopt such a system.

Don't forget Ethereum. Feels to me like that one is gonna swoop out of nowhere and surprise everyone.

JahPowerBit

sr. member

Activity: 335

Merit: 255

Counterparty Developer

AM does not need to do so himself. Any big trusted shareholder can issue AM assets with Counterparty.

empoweoqwj

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Activity: 518

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That sounds really good then. Just the sort of thing AM were considering doing but would probably not got round to in a month of Sundays

Can we add it to the question list for next round of questions?

Would AM consider using "Counterparty" decentralized exchange to run their shares on?

Some question like that anyway .....

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: Bitye West on February 03, 2014, 04:10:55 AM

Quote from: empoweoqwj on February 03, 2014, 03:46:13 AM

Quote from: Bitye West on February 03, 2014, 03:39:09 AM

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange. Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Depends who's running it, how it works, how much control the asset issuer has, what happens if it disappears one day etc. Do you have any personal experience with it?

The exchange itself is a decentralized protocol built on the Bitcoin blockchain, so nobody has to run it.

I don't think Counterparty can disappear as long as the Bitcoin Blockchain doesn't disappear.

I'm synching up my bitcoin-qt blockchain right now, installing the Counterparty client and testing its features.

There have already been a few decentralized, trustless trades of BTC and XCP completed:
http://blockscan.com/order.aspx?p=0

You still have to trust the asset issuer, just not the exchange itself.

It would be awesome if Asicminer transfer over to a Counterparty. It would solve so many headaches like dealing with direct share transfers or unreliable centralized exchanges.

EDIT: BitThink summed it up better than I did^^

Thanks.

Just needs to wait until it's more mature and there's a user friendly web client, suppose to be released soon.

Bitye West

newbie

Activity: 56

Merit: 0

Quote from: empoweoqwj on February 03, 2014, 03:46:13 AM

Quote from: Bitye West on February 03, 2014, 03:39:09 AM

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange. Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Depends who's running it, how it works, how much control the asset issuer has, what happens if it disappears one day etc. Do you have any personal experience with it?

The exchange itself is a decentralized protocol built on the Bitcoin blockchain, so nobody has to run it.

I don't think Counterparty can disappear as long as the Bitcoin Blockchain doesn't disappear.

I'm synching up my bitcoin-qt blockchain right now, installing the Counterparty client and testing its features.

There have already been a few decentralized, trustless trades of BTC and XCP completed:
http://blockscan.com/order.aspx?p=0

You still have to trust the asset issuer, just not the exchange itself.

It would be awesome if Asicminer transfered over to a Counterparty. It would solve so many headaches like dealing with direct share transfers or unreliable centralized exchanges.

EDIT: BitThink summed it up better than I did^^

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: empoweoqwj on February 03, 2014, 03:46:13 AM

Quote from: Bitye West on February 03, 2014, 03:39:09 AM

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange. Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Depends who's running it, how it works, how much control the asset issuer has, what happens if it disappears one day etc. Do you have any personal experience with it?

It's decentralized, so no one is running it. Issuer can create any asset and pay dividends through it. All the information is written in the BTC blockchain, so nothing will disappear unless BTC disappears.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Bitye West on February 03, 2014, 03:39:09 AM

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange. Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Depends who's running it, how it works, how much control the asset issuer has, what happens if it disappears one day etc. Do you have any personal experience with it?

Bitye West

newbie

Activity: 56

Merit: 0

Has anyone checked out this decentralized exchange protocol built on the Bitcoin blockchain yet?

Here's the Counterparty block explorer with a list of the assets created so far:
http://blockscan.com/asset.aspx

The Counterparty protocol supports dividend payments too.

It would be awesome to see a company like Asicminer float an asset on Counterparty's decentralized exchange. Might solve problems with centralized exchanges like btct.co or bitfunder.com.

Lloydie

full member

Activity: 140

Merit: 100

Quote from: Zubilica on February 03, 2014, 01:37:00 AM

Quote from: eastpk on February 02, 2014, 06:17:02 PM

Can any board members confirm if there was a meeting recently?

Yeah sure, if you will see a major dump or auction = bad news.
If you will see major buy-off = good news.

This is the way you can predict what FC will say next.

Same as the NYSE. But I don't see anyone else refunding 200 btcs when they didn't have to.

Zubilica

hero member

Activity: 837

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Quote from: eastpk on February 02, 2014, 06:17:02 PM

Can any board members confirm if there was a meeting recently?

Yeah sure, if you will see a major dump or auction = bad news.
If you will see major buy-off = good news.

This is the way you can predict what FC will say next.

eastpk

member

Activity: 120

Merit: 10

WINSTARS - We are changing the face of gambling

Can any board members confirm if there was a meeting recently?

muyuu

donator

Activity: 980

Merit: 1000

Quote from: kibblesnbits on February 01, 2014, 08:03:38 AM

Quote from: empoweoqwj on January 31, 2014, 09:30:35 PM

Quote from: ThickAsThieves on January 31, 2014, 07:24:20 PM

Just to lighten the mood: https://bitcointalksearch.org/topic/new-war-of-life-game-the-real-altcoin-sha-256-443108

That's brilliant. An altcoin called ... Altcoin. Surprised nobody went for that name before

I'm surprised no one created a Carol Alt-coin

That's Kim Alexis.

kibblesnbits

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Activity: 557

Merit: 500

Quote from: empoweoqwj on January 31, 2014, 09:30:35 PM

Quote from: ThickAsThieves on January 31, 2014, 07:24:20 PM

Just to lighten the mood: https://bitcointalksearch.org/topic/new-war-of-life-game-the-real-altcoin-sha-256-443108

That's brilliant. An altcoin called ... Altcoin. Surprised nobody went for that name before

I'm surprised no one created a Carol Alt-coin

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: empoweoqwj on January 31, 2014, 09:30:35 PM

Quote from: ThickAsThieves on January 31, 2014, 07:24:20 PM

Just to lighten the mood: https://bitcointalksearch.org/topic/new-war-of-life-game-the-real-altcoin-sha-256-443108

That's brilliant. An altcoin called ... Altcoin. Surprised nobody went for that name before

The slogan never mine another altcoin again was pretty good Ha-ha
Need a good sense of humor now and then Cheesy

empoweoqwj

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Activity: 518

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Quote from: ThickAsThieves on January 31, 2014, 07:24:20 PM

Just to lighten the mood: https://bitcointalksearch.org/topic/new-war-of-life-game-the-real-altcoin-sha-256-443108

That's brilliant. An altcoin called ... Altcoin. Surprised nobody went for that name before

ThickAsThieves

hero member

Activity: 518

Merit: 500

Just to lighten the mood: https://bitcointalksearch.org/topic/new-war-of-life-game-the-real-altcoin-sha-256-443108

aahzmundus

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Activity: 644

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Invest & Earn: https://cloudthink.io

I have said this before, but It may be worth saying again. Friedcat has said before he does not like saving funds to pay out over time, if he has money... he pays it out in divs besides what he keeps for development. With most of future profits being from chip sales, and the people who will order the bulk of the chips will be ordering in large batches, I imagine the div is going to be hard and fast, and then back to next to nothing.

blo8i

hero member

Activity: 960

Merit: 502

i just hope we see some better divs in the near future.

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