Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 628. (Read 3917468 times)
October 28, 2013, 02:56:23 PM
What has friedcat done? He had 30% of the pie, and the business is now trash. Even Labcoin is close to them in TH. I feel as though he ran AM into the ground purposefully.
October 28, 2013, 02:53:21 PM
Does someone know whats the percent of the div friedcat is keeping each week? I mean we are at 30% annual return at the current shareprice. If he holds back 50% each time it would mean selling now could be an error since the divs might double soon when he stops keeping back reinvestment costs.
He said he would keep part of the divs for a couple weeks and according to the financial report, they already spent a good chunk of money for R&D.However I think its not known which percentage he is taking.
October 28, 2013, 02:45:36 PM
Does someone know whats the percent of the div friedcat is keeping each week? I mean we are at 30% annual return at the current shareprice. If he holds back 50% each time it would mean selling now could be an error since the divs might double soon when he stops keeping back reinvestment costs.
October 28, 2013, 02:18:41 PM
October 28, 2013, 01:03:51 PM
Considering the major price drop in AM...BF should be able to 100% fund the pass-through..it was effectively a successful short sell? It is however news to me that he was running a fractional reserve for a pass through, has this been public knowledge for some time?
No. Ukyo was doing this behind the curtains and he doesn't have a right to do it. So basically he destroyed his trust/reputation in BTC community. Btw when he was investing BTC from AM shareholders shares into mining HW, good luck with that...
is there any real evidence to this?
October 28, 2013, 12:53:19 PM
Holy shit man, are you a graphic designer? That looks really good, especially for something you cranked out drunk.
No snark, I'm impressed.
He's not. A graphic designer wouldn't use Papyrus font.
I agree with Vycid, that looks great.
nope not a graphic designer per se, same sector though (Animation/VFX). no expert with typo...but for the state i was in i'm happy i even found the text tool in ps
.anyway cheers for the compliments, i hope i can joyfully excavate this pic in a year and AM will be still around and rollin'
October 28, 2013, 12:41:55 PM
Something like this would be kind of cool:
https://bitcointalksearch.org/topic/m.3427661
https://bitcointalksearch.org/topic/m.3427661
October 28, 2013, 12:12:40 PM
Considering the major price drop in AM...BF should be able to 100% fund the pass-through..it was effectively a successful short sell? It is however news to me that he was running a fractional reserve for a pass through, has this been public knowledge for some time?
No. Ukyo was doing this behind the curtains and he doesn't have a right to do it. So basically he destroyed his trust/reputation in BTC community. Btw when he was investing BTC from AM shareholders shares into mining HW, good luck with that...
October 28, 2013, 11:59:50 AM
Why is everyone so worried about this? Shares just become direct after Dec 1, correct?
Quote
As of December 2, 2013, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by any users that BitFunder knows to be U.S. persons or who did not obtain "Verified" status by December 1, 2013, and will provide the issuer(s) with the public bitcoin address associated with the user account. After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.
If they're available.
http://en.wikipedia.org/wiki/Fractional_reserve_banking
Considering the major price drop in AM...BF should be able to 100% fund the pass-through..it was effectively a successful short sell? It is however news to me that he was running a fractional reserve for a pass through, has this been public knowledge for some time?
October 28, 2013, 10:13:36 AM
so, Just hold BTC is right
October 28, 2013, 09:39:53 AM
Why is everyone so worried about this? Shares just become direct after Dec 1, correct?
Quote
As of December 2, 2013, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by any users that BitFunder knows to be U.S. persons or who did not obtain "Verified" status by December 1, 2013, and will provide the issuer(s) with the public bitcoin address associated with the user account. After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.
If they're available.
http://en.wikipedia.org/wiki/Fractional_reserve_banking
October 28, 2013, 09:09:11 AM
Why is everyone so worried about this? Shares just become direct after Dec 1, correct?
Quote
As of December 2, 2013, BitFunder will initiate a transfer from the BitFunder site to the respective issuer(s) of any remaining shares held by any users that BitFunder knows to be U.S. persons or who did not obtain "Verified" status by December 1, 2013, and will provide the issuer(s) with the public bitcoin address associated with the user account. After transfer, each user will need to work with the issuer(s) with respect to the future treatment of the shares.
October 28, 2013, 09:05:00 AM
I feel however, ideally, we should get some temporary transfer rights seeing we are getting strong-armed into leaving bitfunder
Let's say you had 250 shares (or managed to pool it together). You're depending on someone to process the outgoing transfer... and if the bitfunder pass-thru is really on fractional reserve, that someone really doesn't want you to txfer out. How long do you think the transfer will take (during which you will be unable to react to market events)?
And you're still hoping to get temporary transfer rights?
October 28, 2013, 08:43:26 AM
I feel however, ideally, we should get some temporary transfer rights
Ideally you wouldn't get screwed in the first place.Since bitfunder is already screwing you, you should already know you're quite far from ideal.
October 28, 2013, 08:40:59 AM
- pool shares from like-minded trustworthy (or escrow otherwise) individuals
can anyone elaborate how this works? I have 21 shares on Bitfunder I would like to get on Havelock. Selling & buying would make no sense I would lose bitcoin
What I meant was to:
- find people who have 250 shares between them who want out of bitfunder
- find a person whom all of them trust. push shares to mr.trustworthy
- mr.trustworthy initiates transfer out of bitfunder
- ... [hours/days/weeks/months later, the transfer completes]
- mr.trustworthy transfers the shares back
for obvious reasons, the sell + buy back strategy is much faster and less risky.
If there is no other solution, I would be willing to set something up like this. I feel however, ideally, we should get some temporary transfer rights seeing we are getting strong-armed into leaving bitfunder
October 28, 2013, 08:40:45 AM
Go MCXFee
I assume you bought at 1 a few weeks ago. Down 60% in 2 weeks, easy to see where that one is going.
October 28, 2013, 06:51:38 AM
What I meant was to:
- find people who have 250 shares between them who want out of bitfunder
- find a person whom all of them trust. push shares to mr.trustworthy
- mr.trustworthy initiates transfer out of bitfunder
- ... [hours/days/weeks/months later, the transfer completes]
- mr.trustworthy transfers the shares back
for obvious reasons, the sell + buy back strategy is much faster and less risky.
Not only you would have cp risk with the person you trust. Even if he was 100% trusted, since bitfunder has been operating as a fractional reserve, there is an extremely high risk of the transfer not going through.- find people who have 250 shares between them who want out of bitfunder
- find a person whom all of them trust. push shares to mr.trustworthy
- mr.trustworthy initiates transfer out of bitfunder
- ... [hours/days/weeks/months later, the transfer completes]
- mr.trustworthy transfers the shares back
for obvious reasons, the sell + buy back strategy is much faster and less risky.
Keeping any asset there is complete foolishness, there is really no excuse.
That site has always been crap, and everytime something changed, it was for the worse, touching new uninimaginable lows.
October 28, 2013, 06:42:40 AM
- pool shares from like-minded trustworthy (or escrow otherwise) individuals
can anyone elaborate how this works? I have 21 shares on Bitfunder I would like to get on Havelock. Selling & buying would make no sense I would lose bitcoin
What I meant was to:
- find people who have 250 shares between them who want out of bitfunder
- find a person whom all of them trust. push shares to mr.trustworthy
- mr.trustworthy initiates transfer out of bitfunder
- ... [hours/days/weeks/months later, the transfer completes]
- mr.trustworthy transfers the shares back
for obvious reasons, the sell + buy back strategy is much faster and less risky.
October 28, 2013, 06:33:23 AM
i've come to realise that you can't make any money in the bitcoin world by purely investing. not at this stage of the game anyway. There is only real value in trading
You guys that are holding are putting yourselves in a very awkward place in my opinion....but hey each to their own
One thing you should know though is that it's highly unlikely that the price will ever go above 2BTC. and i think it's next to impossible above 3.
Just saying, you should think about an exit strategy otherwise you'll ride it to the bottom....
You guys that are holding are putting yourselves in a very awkward place in my opinion....but hey each to their own
One thing you should know though is that it's highly unlikely that the price will ever go above 2BTC. and i think it's next to impossible above 3.
Just saying, you should think about an exit strategy otherwise you'll ride it to the bottom....
http://www.youtube.com/watch?v=5hR5YNqE3K8
October 28, 2013, 06:21:24 AM
i've come to realise that you can't make any money in the bitcoin world by purely investing. not at this stage of the game anyway. There is only real value in trading
You guys that are holding are putting yourselves in a very awkward place in my opinion....but hey each to their own
One thing you should know though is that it's highly unlikely that the price will ever go above 2BTC. and i think it's next to impossible above 3.
Just saying, you should think about an exit strategy otherwise you'll ride it to the bottom....
You guys that are holding are putting yourselves in a very awkward place in my opinion....but hey each to their own
One thing you should know though is that it's highly unlikely that the price will ever go above 2BTC. and i think it's next to impossible above 3.
Just saying, you should think about an exit strategy otherwise you'll ride it to the bottom....
Go MCXFee
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