I don't think anyone here should lawyer up, report anything or do anything legally until something at least happens that actually defrauds you. Since the new hardware has not gone online yet, the most that has happened is everyone has gained an increase in hashing power from I believe 280mh to 300mh.
It's primarily about next steps beyond that, which we're all waiting to hear about. In the short term, everyone needs to chill out and wait to hear what is going to happen.
It's primarily about next steps beyond that, which we're all waiting to hear about. In the short term, everyone needs to chill out and wait to hear what is going to happen.
This is a valid and important point. As of yet, nothing has actually happened apart from some news worrying (and riling) people.
Since consensus is that nobody cares what happens with respect to the bond/contract terminology or splits etc, (so long as the spirit of the original agreement is honoured), it is all about how future hardware deployment is passed on to current bondholders. That is the issue at hand. Until action is taken in this regard, as opposed to words, people have no cause for grievance. Annoyance yes, but not actual grievance. Once action is taken, then we can re-examine how things stand - until then, let's all try to just relax and provide useful, constructive feedback to try to make the best of a bad situation.
while I agree with this from one perspective. By changing the asset from a future growth asset to a fixed asset, it has devalued the asset to the tune of a penny on the dollar. None of us would have paid the price we did, if this asset had been fixed to the numbers we just received for all time. We do know that "something else" is going to happen and it has been declared "very very good". I don't mind losing value because the future growth under performed, but not through arbitrary price fixing (i.e. hashrate is fixed, now the asset is fixed value on a declining scale over time).
I can't agree that no value was removed and we're all where we were a couple weeks ago, so move along. There has been harm done to this asset, if you don't agree, go take a look at the trading thread.
All that said, I am still waiting for answers, but will not idly sit by because I trust someone else has my best interests in mind. There are time limits to everyone's patience.
My opinion only, but it will govern my actions.
Yes, that is exactly my point - see the part in bold. Of course a permanent fix of all bonds with no future splitting would be a disaster, nobody is questioning that. However, until we hear about how future hashrate increases will be passed on to bondholders, there has essentially been no news. People are shitting the bed, yes, but there has not been any actual news.
Regarding bond prices, yes, value has dropped. However, if the news comes that everything is just as it was, then the bond price should return to exactly what it was before. If it doesn't then there is a buying opportunity. As I (and many others) have said before, it all comes down to what happens with future hashrate (obviously).
Yep, not disagreeing at all with you. Except that last part has a lot of assumption, until we know exactly what the solution is. As it stands right now we have a solution that is unacceptable, and a vague statement that stuff will be happening soon. My only point here is that there were a lot of half statements made, that left a lot of unanswered questions. Labrat's acknowledgement that this has been known to him for 2-3 months and recent 1 month absence from meaningful dialog, puts me in a position that I'm not going to wait another month to find out what the real situation is. Since he's playing this game with other people's money, it is at least reasonable to request some questions be answered. Assuming that he's going do something responsible to my interests, after the month long absence and dropping a half ass, imo, solution on us, is not reasonable. Especially, after the previous announcement, which was almost the antithesis of this one, left a lot of questions that were suppose to be answered and never were. After the last two months, I'm unwilling to sit here for an indefinite amount of time and hope. And, in fairness, Labrat should be aware of this, so as not to be blindsided when people start losing patience and taking action.
I've already expressed I'm willing to wait to the end of the week. Other people have other thresholds. They are being honest about it. He should take it into account. People should always do what makes them feel most comfortable in an investment situation.
Again, this is my opinion, have yours. ty for the meaningful discussion. *looking at you Vince*
