ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 974.

shawshankinmate37927

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Bitcoin: The People's Bailout

Quote from: tinus42 on June 16, 2013, 09:44:50 AM

What if a shareholder dies and one of their descendants wants to sell the share or have the e-mail address changed?

I'm thinking it should be the shareholder's responsibility to ensure that the private key to his/her registered bitcoin address is transferred to his/her beneficiary upon death along with instructions on how to get a hold of friedcat so he can update his database once the beneficiary has proven they now control the bitcoin address that the shares are currently registered to.

lophie

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Unlimited Free Crypto

Now my official wishes and hopes for human kind: End of world hunger, World peace and people learn to seach and read for information before they post.

helixone

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Quote from: tinus42 on June 16, 2013, 10:26:02 AM

Quote from: shawshankinmate37927 on June 16, 2013, 10:22:21 AM

Quote from: mustyoshi on June 16, 2013, 10:14:25 AM

How many shares does ASICMiner keep for themselves, and how many are for the public?

From the OP:

"Currently ASICMINER shareholders holds 163,962 shares, while Bitfountain shareholders holds 236,038 shares."

A share in ASICMINER is actually a share in Bitfountain.

This is absolutely not true. Bitfountain, a private company, is the majority shareholder in ASICMINER.

-helixone

mustyoshi

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Quote from: shawshankinmate37927 on June 16, 2013, 10:22:21 AM

Quote from: mustyoshi on June 16, 2013, 10:14:25 AM

How many shares does ASICMiner keep for themselves, and how many are for the public?

From the OP:

"Currently ASICMINER shareholders holds 163,962 shares, while Bitfountain shareholders holds 236,038 shares."

I wasn't sure if that was current or not.

Thanks.

tinus42

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Quote from: shawshankinmate37927 on June 16, 2013, 10:22:21 AM

Quote from: mustyoshi on June 16, 2013, 10:14:25 AM

How many shares does ASICMiner keep for themselves, and how many are for the public?

From the OP:

"Currently ASICMINER shareholders holds 163,962 shares, while Bitfountain shareholders holds 236,038 shares."

A share in ASICMINER is actually a share in Bitfountain.

shawshankinmate37927

hero member

Activity: 854

Merit: 1000

Bitcoin: The People's Bailout

Quote from: mustyoshi on June 16, 2013, 10:14:25 AM

How many shares does ASICMiner keep for themselves, and how many are for the public?

From the OP:

"Currently ASICMINER shareholders holds 163,962 shares, while Bitfountain shareholders holds 236,038 shares."

mustyoshi

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How many shares does ASICMiner keep for themselves, and how many are for the public?

shawshankinmate37927

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Bitcoin: The People's Bailout

Quote from: tinus42 on June 16, 2013, 09:44:50 AM

Or a shareholder gets banned from Bitcointalk.org and doesn't have access to PM anymore?

This is where friedcat having a shareholder's e-mail address on file comes in. It would be an alternative means of informing friedcat that you want to transfer shares.

velacreations

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Quote from: empoweoqwj on June 16, 2013, 09:48:25 AM

Yep, gambler's statement and gambler's mentality. Problem is winning streaks always come to an end, and if you are always always in, you are guaranteed "bust" down the line.

Its good you've opened another thread though where you can stress about every tick up or down in the share price, because as you've pointed out, you've invested everything you have in it. Good luck anyway.

thanks for the advice. remind me to send you a sense of humor one of these days...

empoweoqwj

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Quote from: velacreations on June 16, 2013, 09:36:11 AM

Quote from: empoweoqwj on June 16, 2013, 09:33:22 AM

Quote from: velacreations on June 16, 2013, 09:18:30 AM

Be kind, it's just opinions and speculation and my life savings...

What's the first rule about investment / speculation. Never risk more than you can afford to lose ........ oh dear Huh

All or nothing, baby!

Yep, gambler's statement and gambler's mentality. Problem is winning streaks always come to an end, and if you are always always in, you are guaranteed "bust" down the line.

Its good you've opened another thread though where you can stress about every tick up or down in the share price, because as you've pointed out, you've invested everything you have in it. Good luck anyway.

tinus42

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Quote from: shawshankinmate37927 on June 16, 2013, 08:35:14 AM

Quote from: Thujone on June 16, 2013, 08:13:34 AM

Quote from: shawshankinmate37927 on June 16, 2013, 07:54:05 AM

Also, how does friedcat validate that someone owns shares when they hold an auction here on the forum if he doesn't track usernames of shareholders?

By signing a message from the address in the database.

Sure, that's how it could (and maybe should) be done, but according to TAT's escrow agreement from my last share purchase:

"Friedcat does not normally require signing a message from the Seller's shareholding wallet, but you are welcome to do so when requesting the transfer."

This seems to indicate that he is tracking the usernames of current shareholders and if he receives a PM from that username requesting that a number of shares be transferred to a different bitcoin address, then he complies.

What if a shareholder dies and one of their descendants wants to sell the share or have the e-mail address changed?

Or a shareholder gets banned from Bitcointalk.org and doesn't have access to PM anymore?

velacreations

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Quote from: empoweoqwj on June 16, 2013, 09:33:22 AM

Quote from: velacreations on June 16, 2013, 09:18:30 AM

Be kind, it's just opinions and speculation and my life savings...

What's the first rule about investment / speculation. Never risk more than you can afford to lose ........ oh dear Huh

All or nothing, baby!

empoweoqwj

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Activity: 518

Merit: 500

Quote from: velacreations on June 16, 2013, 09:18:30 AM

Be kind, it's just opinions and speculation and my life savings...

What's the first rule about investment / speculation. Never risk more than you can afford to lose ........ oh dear Huh

velacreations

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Since people have a problem with us talking about the share price of a security in the security thread, I've started an AM speculation thread over here: https://bitcointalksearch.org/topic/asicminer-speculation-thread-235763

Be kind, it's just opinions and speculation and my life savings...

shawshankinmate37927

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Bitcoin: The People's Bailout

Quote from: Thujone on June 16, 2013, 08:13:34 AM

Quote from: shawshankinmate37927 on June 16, 2013, 07:54:05 AM

Also, how does friedcat validate that someone owns shares when they hold an auction here on the forum if he doesn't track usernames of shareholders?

By signing a message from the address in the database.

Sure, that's how it could (and maybe should) be done, but according to TAT's escrow agreement from my last share purchase:

"Friedcat does not normally require signing a message from the Seller's shareholding wallet, but you are welcome to do so when requesting the transfer."

This seems to indicate that he is tracking the usernames of current shareholders and if he receives a PM from that username requesting that a number of shares be transferred to a different bitcoin address, then he complies.

Thujone

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Quote from: shawshankinmate37927 on June 16, 2013, 07:54:05 AM

Also, how does friedcat validate that someone owns shares when they hold an auction here on the forum if he doesn't track usernames of shareholders?

By signing a message from the address in the database.

shawshankinmate37927

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Activity: 854

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Bitcoin: The People's Bailout

Quote from: VeeMiner on June 16, 2013, 07:37:57 AM

Quote from: shawshankinmate37927 on June 16, 2013, 07:21:50 AM

Quote from: ?? on ??

To initiate a transfer, do I just PM friedcat with prof of key ownership? The reason I ask is because the shares were bought privately through a irl friend so I did nothing other than providing a key for dividends. Thank you

Hmmm... This sounds like a peculiar way to buy shares. Did you buy these shares before you even had an account at bitcointalk.org? I was under the impression that friedcat maintained a shareholder database that included the bitcointalk.org usernames for all of the directly owned shares as well as their e-mail address.

I think that your impression is wrong, the only thing that's in the database afaik:

- e-mail
- bitcoin address
- amount of shares

I've had shares transferred to me with just a PM from the previous owner to friedcat. What's the purpose of collecting e-mail addresses of the new owner if shares can be transferred with a PM? Seems to me that friedcat is willing to accept a PM or an e-mail from a shareholder in order to complete a transfer.

Also, how does friedcat validate that someone owns shares when they hold an auction here on the forum if he doesn't track usernames of shareholders?

VeeMiner

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bitcoin hodler

Quote from: shawshankinmate37927 on June 16, 2013, 07:21:50 AM

Quote from: ?? on ??

To initiate a transfer, do I just PM friedcat with prof of key ownership? The reason I ask is because the shares were bought privately through a irl friend so I did nothing other than providing a key for dividends. Thank you

Hmmm... This sounds like a peculiar way to buy shares. Did you buy these shares before you even had an account at bitcointalk.org? I was under the impression that friedcat maintained a shareholder database that included the bitcointalk.org usernames for all of the directly owned shares as well as their e-mail address.

I think that your impression is wrong, the only thing that's in the database afaik:

- e-mail
- bitcoin address
- amount of shares

shawshankinmate37927

hero member

Activity: 854

Merit: 1000

Bitcoin: The People's Bailout

Quote from: ?? on ??

To initiate a transfer, do I just PM friedcat with prof of key ownership? The reason I ask is because the shares were bought privately through a irl friend so I did nothing other than providing a key for dividends. Thank you

Hmmm... This sounds like a peculiar way to buy shares. Did you buy these shares before you even had an account at bitcointalk.org? I was under the impression that friedcat maintained a shareholder database that included the bitcointalk.org usernames for all of the directly owned shares as well as their e-mail address.

freedomno1

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Learning the troll avoidance button :)

Quote from: Lohoris on June 16, 2013, 05:52:24 AM

Quote from: freedomno1 on June 16, 2013, 05:16:19 AM

Not sure if one security merits it though but could be handy for a bitcointalk area

It does, for the simple reason that people are posting here in this thread, instead.

Good point not sure where the bitcointalk suggestion thread is but could request it there
(Think it exists)

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 974. (Read 3917568 times)