ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 593.

AMuppInTime

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Quote from: aahzmundus on November 19, 2013, 03:20:49 PM

I figure(...) this is in my opinion a cash grab

I totally believe it is: they got acquired nov 1st, TAT sits on AM board and knows advance details on the "public trading platform" friedcat said he was working on (and is likely about to release)...
Additionally I suspect the AM price has been artificially pushed down, if you want to buy shares you can see you make the price jump drastically.

*Edit* TLDR: Havelock is privy of insider info and is trying to squeeze money before they become useless. Don't buy into the IPO.

aahzmundus

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Quote from: ThickAsThieves on November 19, 2013, 03:18:12 PM

Quote from: bitcoin.newsfeed on November 19, 2013, 02:53:23 PM

Quote from: aahzmundus on November 19, 2013, 02:44:38 PM

Havelock is having an IPO, they are valuing themselves at 6,250 btc. Seems interesting and thought people here may be interested in knowing about it.

https://www.havelockinvestments.com/fund.php?symbol=HIF

They're valuating themselves for 6250 BTC so 4 300 000 $ ... Grin

... is this for real or bad joke ? ... who the hell will be participating in this IPO now, when we're awaiting decentralized stock exchanges like blockchain based from AM, colored coins and mastercoin soon ? Also their only income is from trading fees. It seems to me like one dishonest action for last chance of taking even more BTC from bitcoin securities market investors, we were witnessing a lot of BS, scams and disappointments in past months, please don't ...

And friendly reminder : This is AM thread.

Will we get official update from Friedcat soon? Its almost 20th.

They are valuing themselves much higher than that. Read it carefully.

What did I miss....

aahzmundus

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Quote from: bitcoin.newsfeed on November 19, 2013, 02:53:23 PM

Quote from: aahzmundus on November 19, 2013, 02:44:38 PM

Havelock is having an IPO, they are valuing themselves at 6,250 btc. Seems interesting and thought people here may be interested in knowing about it.

https://www.havelockinvestments.com/fund.php?symbol=HIF

They're valuating themselves for 6250 BTC so 4 300 000 $ ... Grin

... is this for real or bad joke ? ... who the hell will be participating in this IPO now, when we're awaiting decentralized stock exchanges like blockchain based from AM, colored coins and mastercoin soon ? Also their only income is from trading fees. It seems to me like one dishonest action for last chance of taking even more BTC from bitcoin securities market investors, we were witnessing a lot of BS, scams and disappointments in past months, please don't ...

And friendly reminder : This is AM thread.

Will we get official update from Friedcat soon? Its almost 20th.

Yeah, I figure though that since this is in my opinion a cash grab as you point out, AND this is the only place with real liquidity for AM shares, that AM investors both who have shares on HIF and Direct, would be effected if our fears are realized.

Friedcat save us!

ThickAsThieves

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Quote from: bitcoin.newsfeed on November 19, 2013, 02:53:23 PM

Quote from: aahzmundus on November 19, 2013, 02:44:38 PM

Havelock is having an IPO, they are valuing themselves at 6,250 btc. Seems interesting and thought people here may be interested in knowing about it.

https://www.havelockinvestments.com/fund.php?symbol=HIF

They're valuating themselves for 6250 BTC so 4 300 000 $ ... Grin

... is this for real or bad joke ? ... who the hell will be participating in this IPO now, when we're awaiting decentralized stock exchanges like blockchain based from AM, colored coins and mastercoin soon ? Also their only income is from trading fees. It seems to me like one dishonest action for last chance of taking even more BTC from bitcoin securities market investors, we were witnessing a lot of BS, scams and disappointments in past months, please don't ...

And friendly reminder : This is AM thread.

Will we get official update from Friedcat soon? Its almost 20th.

They are valuing themselves much higher than that. Read it carefully.

bitcoin.newsfeed

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Quote from: Kouye on November 19, 2013, 03:13:22 PM

Quote from: blackreplica on November 19, 2013, 03:10:20 PM

aren't the dividends due already?

Nope, 10 to 20 hours to wait, still.

Its Tuesday ! Dividends are/and always were on Wednesday (UTC) .

Kouye

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Cuddling, censored, unicorn-shaped troll.

Quote from: blackreplica on November 19, 2013, 03:10:20 PM

aren't the dividends due already?

Nope, 10 to 20 hours to wait, still.

blackreplica

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aren't the dividends due already?

bitcoin.newsfeed

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Quote from: aahzmundus on November 19, 2013, 02:44:38 PM

Havelock is having an IPO, they are valuing themselves at 6,250 btc. Seems interesting and thought people here may be interested in knowing about it.

https://www.havelockinvestments.com/fund.php?symbol=HIF

They're valuating themselves for 6250 BTC so 4 300 000 $ ... Grin

... is this for real or bad joke ? ... who the hell will be participating in this IPO now, when we're awaiting decentralized stock exchanges like blockchain based from AM, colored coins and mastercoin soon ? Also their only income is from trading fees. It seems to me like one dishonest action for last chance of taking even more BTC from bitcoin securities market investors, we were witnessing a lot of BS, scams and disappointments in past months, please don't ...

And friendly reminder : This is AM thread.

Will we get official update from Friedcat soon? Its almost 20th.

aahzmundus

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Invest & Earn: https://cloudthink.io

Havelock is having an IPO, they are valuing themselves at 6,250 btc. Seems interesting and thought people here may be interested in knowing about it.

https://www.havelockinvestments.com/fund.php?symbol=HIF

data

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Quote from: ?? on ??

Or you could just not pay taxes. It's not hard to get cash for bitcoins if you really need that stinky fiat money.

Where can I convert a few hundred bitcoins for cash right now without taking too much of a hit? And how do I store that securely?

data

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well, the guy at the german finance ministry office told me: If I declare it, they will gladly accept everything I am willing to give. If I do not declare it, I can't be held accountable for it as they haven't yet figured out how to deal with it. Worst case is that I have to pay taxes in retrospect, but as I have recently moved to Switzerland I hope to resolve this "some other way"(TM)

fdebuck

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Quote from: bitsalame on November 19, 2013, 12:09:28 PM

Quote from: novusordo on November 19, 2013, 11:29:24 AM

There's one thing I haven't seen any shareholder address yet:

Taxes.

How in the world would one declare Asicminer divs on one's taxes? Considering it's not a "real" security, would it be smarter to declare it as income? If that's the case, you'd have to calculate the value of your dividends at each dividend payout and report that as your income.

Any other ideas for doing it in a way that keeps the IRS happy, while keeping the most amount of divs?

Obviously it'd be best to consult a professional, but I'm curious what others have had for ideas.

As long as you don't convert them to fiat for a year, you'll technically be paying capital gains taxes which is only 15% in the us. (Germany it is free)

It would be unwise to declare it as income, you'll end up paying 35% tax

I'd be ecstatic if my income taxes were only 35 %... #Europe

bitsalame

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Preaching the gospel of Satoshi

Quote from: novusordo on November 19, 2013, 11:29:24 AM

There's one thing I haven't seen any shareholder address yet:

Taxes.

How in the world would one declare Asicminer divs on one's taxes? Considering it's not a "real" security, would it be smarter to declare it as income? If that's the case, you'd have to calculate the value of your dividends at each dividend payout and report that as your income.

Any other ideas for doing it in a way that keeps the IRS happy, while keeping the most amount of divs?

Obviously it'd be best to consult a professional, but I'm curious what others have had for ideas.

As long as you don't convert them to fiat for a year, you'll technically be paying capital gains taxes which is only 15% in the us. (Germany it is free)

It would be unwise to declare it as income, you'll end up paying 35% tax

Alphi

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Quote from: novusordo on November 19, 2013, 11:29:24 AM

There's one thing I haven't seen any shareholder address yet:

Taxes.

thats because it belongs in the general securities thread not the ASICMINER thread.
each country has a different take on it...

most of them consider it a capital gain once you exchange the "virtual" currency into fiat..
I believe there is a youtube lecture on the subject from a tax lawyer speaking at the last bitcoin conference.

Rival

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The logical solution to taxes is simple: You determine taxes when (and if) you convert to fiat. At least that's the way I see it. When it becomes income in a fiat system, then Caesar gets his due.

novusordo

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There's one thing I haven't seen any shareholder address yet:

Taxes.

How in the world would one declare Asicminer divs on one's taxes? Considering it's not a "real" security, would it be smarter to declare it as income? If that's the case, you'd have to calculate the value of your dividends at each dividend payout and report that as your income.

Any other ideas for doing it in a way that keeps the IRS happy, while keeping the most amount of divs?

Obviously it'd be best to consult a professional, but I'm curious what others have had for ideas.

silverfuture

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central banking = outdated protocol

Friedcat is the brainchild of the most successful bitcoin venture to date. He put together a business plan and executed it perfectly when everyone else was scratching their heads. I bought at ipo and have only been increasing my position since then.

data

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A common and recurring theme in this thread are two things:

Friedcat has not lived up to his promise of keeping 10% of the network
ASICMINER is ripping of their customers, because the hardware will most likely not get a positive ROI

ASICMINER has produced a bit more than 1 PH, which at current network capacity is about 22% of the network. So one way to look at it would be the following: ASICMINER have gotten more than the expected income of about 22% of the whole network so far, with some of it kept back for further development and salaries. How anybody thinks that ASICMINER or friedcat failed is beyond me. Also, the paid out profits so far are only for the first 500TH, so while the income will be way less than for the first 500TH, investors still have some to come.
Current valuation could still be appropriate depending on the assumed risks that necessarily exist with developing better hardware, but I think ASICMINER have the money for pretty much any developer on the whole world, if they wanted to.

data

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Quote from: steamon on November 19, 2013, 04:41:15 AM

Bitcoin is risky don't use money you can't afford to lose and by happy with the results this ride brings. I still have regrets when btc was 8$ but yea I follow the above rule so there will by more chances in life.

Well, if I had made perfect decisions, my 60 euros I had invested would now be 250k. This way, they are at about 35-60k, depending on the current value of bitcoin, and that is with having "diversified" a few k to euros to hedge against a bitcoin crash. Of course it would be nice to have a quarter million, but you know... I was to lazy to get myself into bitcoins in the very beginning, because I didn't see it going anywhere, now I am a firm believer and won't even exchange a whole anymore unless it hits 5-10k each, which would probably also mean that I wouldn't have to because I could just pay with them directly.

Trance

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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 593. (Read 3917468 times)