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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 8. (Read 3917029 times)

full member
Activity: 154
Merit: 100
Hope these guys will suprise us with something that NO ONE in the market did untul now !!
To create a real mining rig that can beat the difficulty and make real ROI !!
sr. member
Activity: 304
Merit: 250
Looks like "to miss" people in China is daily routine. Maybe new supplies for labour camps?

Quote
Reports in the Chinese media suspect Zhou was picked up by the police, some asserting the reason is his association with fund manager Xu Xiang, who was arrested in November for insider trading.

http://www.forbes.com/sites/janeho/2016/01/08/chinese-fashion-retailer-metersbonwes-billionaire-chairman-zhou-chengjian-goes-missing/
legendary
Activity: 1008
Merit: 1000
P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you Smiley

Hah, no worries, I just hope this ends up being sufficient.

edit... However, based on the dividend history (https://blockchain.info/address/1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq) and the 11/24 dividend amount of 0.0000543/share, you had 650 shares, not 450.

Keen observation!

So, friedcat was still responsive for a few months after 11/24, and in that time he transferred 200 of my shares to Havelock (which, incredibly, could be sold instead of abandoned). Anyway, the dividend history is slightly out of date.

*sigh* Most of my investments in this space actually worked out really well... this one did not... a lesson learned!
legendary
Activity: 994
Merit: 1000
P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you Smiley

Hah, no worries, I just hope this ends up being sufficient.

edit... However, based on the dividend history (https://blockchain.info/address/1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq) and the 11/24 dividend amount of 0.0000543/share, you had 650 shares, not 450.
legendary
Activity: 1008
Merit: 1000
Dear Brandon Lu / XY Jiang (aka "friedcat"),

As of Dec. 29th, 2015 (today), your records should show that I have 450 shares of ASICMINER associated with the shareholder address: 1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq

I am writing to let you know that I am permanently surrendering and relinquishing all rights to these 450 shares and, furthermore, that I have not received any payment or other consideration for them (i.e., they have not been sold or traded to anyone else).

You may update your records accordingly.

chriswilmer

P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you Smiley

For this message to carry any meaning whatsoever, it would need to be signed by the address mentioned above. 

I don't think the IRS places that kind of burden-of-proof in its audits (obviously, since digital signatures have not spread to the mainstream yet... even most lawyers (!) I've spoken to don't know what they are). If the IRS required a digital signature during an audit, I could do that then.

As far as friedcat/ASICMINER, he hasn't required digital signatures for share transfers in the past (even if maybe he should have).
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Dear Brandon Lu / XY Jiang (aka "friedcat"),

As of Dec. 29th, 2015 (today), your records should show that I have 450 shares of ASICMINER associated with the shareholder address: 1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq

I am writing to let you know that I am permanently surrendering and relinquishing all rights to these 450 shares and, furthermore, that I have not received any payment or other consideration for them (i.e., they have not been sold or traded to anyone else).

You may update your records accordingly.

chriswilmer

P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you Smiley

For this message to carry any meaning whatsoever, it would need to be signed by the address mentioned above. 
legendary
Activity: 1008
Merit: 1000
Dear Brandon Lu / XY Jiang (aka "friedcat"),

As of Dec. 29th, 2015 (today), your records should show that I have 450 shares of ASICMINER associated with the shareholder address: 1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq

I am writing to let you know that I am permanently surrendering and relinquishing all rights to these 450 shares and, furthermore, that I have not received any payment or other consideration for them (i.e., they have not been sold or traded to anyone else).

You may update your records accordingly.

chriswilmer

P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you Smiley
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Dividends incoming!

That actually would be a really interesting turn of events. Cheesy Though if that would happen i would imagine someone would send some satoshies to misuse the attention to try to advertise some project of his or so. Roll Eyes
donator
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
Dividends incoming!
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Serious question for US AM hodlers out there... how do you go about "abandoning" this investment for tax purposes? I'd happily sell my shares to someone for a penny, if I could... but I presume that would need a response from friedcat.

"Abandonment" of an investment is a real thing from the IRS's perspective, I've just never done it before. If you have experience, let me know!

Sign a message with the private key of the account you hold the shares under selling them to me for $1.  PM me your email address and I'll paypal you the payment (or obviously I could pay in btc). In the event FC comes back, your signed message would be sufficient for him to transfer me the shares so the sale should be binding. AFIAK

Be cautious. Friedcat had the dangerous behaviour to simply trust on the email address. I think it might have been possible to fake transfers with SMTP too when he was still around. He did not ask for any proof.

I only write that in case you hope for a good ending. For selling it with losses to you for tax reasons it is a fine thing.
legendary
Activity: 1008
Merit: 1000
Serious question for US AM hodlers out there... how do you go about "abandoning" this investment for tax purposes? I'd happily sell my shares to someone for a penny, if I could... but I presume that would need a response from friedcat.

"Abandonment" of an investment is a real thing from the IRS's perspective, I've just never done it before. If you have experience, let me know!

Sign a message with the private key of the account you hold the shares under selling them to me for $1.  PM me your email address and I'll paypal you the payment (or obviously I could pay in btc). In the event FC comes back, your signed message would be sufficient for him to transfer me the shares so the sale should be binding. AFIAK

Sounds reasonable. Let me double check with my lawyer.

Incidentally, I've been reading more about abandonment. I *think* this can be accomplished by sending friedcat an email saying something to the effect of "I relinquish all rights to my shares." Dated + signed with private key preferably.
legendary
Activity: 994
Merit: 1000
Serious question for US AM hodlers out there... how do you go about "abandoning" this investment for tax purposes? I'd happily sell my shares to someone for a penny, if I could... but I presume that would need a response from friedcat.

"Abandonment" of an investment is a real thing from the IRS's perspective, I've just never done it before. If you have experience, let me know!

Sign a message with the private key of the account you hold the shares under selling them to me for $1.  PM me your email address and I'll paypal you the payment (or obviously I could pay in btc). In the event FC comes back, your signed message would be sufficient for him to transfer me the shares so the sale should be binding. AFIAK
legendary
Activity: 1008
Merit: 1000
Serious question for US AM hodlers out there... how do you go about "abandoning" this investment for tax purposes? I'd happily sell my shares to someone for a penny, if I could... but I presume that would need a response from friedcat.

"Abandonment" of an investment is a real thing from the IRS's perspective, I've just never done it before. If you have experience, let me know!
legendary
Activity: 1199
Merit: 1047
So how big will be the next dividend?
legendary
Activity: 1456
Merit: 1010
Ad maiora!
Maybe we should ask these guys https://bitcointalksearch.org/topic/ann-haobtc-mining-dividend-paid-out-hourly-1023187 if they know something about the whereabout of asicminer's vanished miners that were hosted in mongolia? Cheesy
I remember this
Wasn't it determined these guys have nothing to do with FC's exit?
I don't recall. The location is secret anyway, and if they're dealing with FC and stolen miners I'm pretty sure they won't talk.
It all makes me sick
member
Activity: 70
Merit: 10
The real holders are screwed since they have no way to sell. They are true bag holders in this scam.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
Maybe we should ask these guys https://bitcointalksearch.org/topic/ann-haobtc-mining-dividend-paid-out-hourly-1023187 if they know something about the whereabout of asicminer's vanished miners that were hosted in mongolia? Cheesy
legendary
Activity: 882
Merit: 1000
Havelock cannot delist it because if they delist they have to convert virtual stock to real one, which is impossible without friedcat.

This seems unlikely to be true. Give it another 12 months and they'll delist it...with no issuer actively managing the listing, I don't see how this continues indefinitely.


Havelock bought the listing from TAT back in the day when they took his shares, so as far as the manager it is Havelock, basically they can delist their own asset whenever they want since no one is paying to have it on their exchange.

The problem is that according to the contract, the pass value asset holders have the right to convert PV to real AM share. If it was delisted, the holders will certainly want to convert their PV to real share and Havelock certainly cannot do that since friedcat is missing. Then why they delist it just to bring them a lot of trouble? Put it there does not cost anything anyway.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Havelock cannot delist it because if they delist they have to convert virtual stock to real one, which is impossible without friedcat.

This seems unlikely to be true. Give it another 12 months and they'll delist it...with no issuer actively managing the listing, I don't see how this continues indefinitely.


Havelock bought the listing from TAT back in the day when they took his shares, so as far as the manager it is Havelock, basically they can delist their own asset whenever they want since no one is paying to have it on their exchange.
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