With BFL possibly delayed and CoinTerra not having shipped their first batch yet, I am getting a bit antsy. I was hoping that KnC would have allowed us to order their next get rig, but by refusing to take orders from new customers, that puts us in a wait for the end of the line with them. For that reason, I'm considering placing an order for this:
http://www.blackarrowsoftware.com/store/prospero-x-3.html
I've cashed out our alt coins and donated around 1/2 the funds to our holdings address to help repay debt. The other 1/2 I currently have sitting in USD. I was planning to wait for an LTC ASIC to become available, but I think we could have enough funds to place an order with Black Arrow and still be able to afford an LTC ASIC without taking on any more debt. Thoughts?
Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 123. (Read 959381 times)
If there is dispute about minted seat ownership the voting rights for that seat are suspended and I will fix a appropriate payout threshold for that seat.
You could resolve this by having the coin sent to you with ownership information and a return address.
I think there are many possibilities to resolve disputes. The policy only concerned about president rights to suspend voting rights. This is a important tool until disputes are resolved.
I actually don't think there are many other possibilities, if the intent is that the seats can be transferred physically by transferring the coin, and the rest would be similar such as having a trusted local representative verify possession of the coin. The only other way would be to pull the seal, which is obviously undesirable.
If the intent is that ownership of the seats not be transferred by physically transferring the coins, that should be explained clearly to coin owners/buyers.
He who holds the coin owns it. They can be transferred as easy as handing them to someone else. The only issue is if people buy them second hand and want to control the vote of the coin on future polls. In that case, we have to be notified. I'd recommend buying the coin directly from NastyFans.org if you care to control the vote, or make sure the original coin buyer lets us know the coin has been transferred. It really isn't something you need to be concerned with.
Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
I think discussions about BFL is a sore spot for many, many forum members.
No, I received no notification, which is disturbing. Looking around the forum, I can't seem to find anyone who did receive a notification...
Given the history of BFL Josh, I'm not all that concerned that you didn't receive a notification. I would have been very happy to hear that you did, but BFL hasn't shown ME that they are very good with communication - even recently with a couple of products that a buddy of mine and I bought through them..
Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
I think discussions about BFL is a sore spot for many, many forum members.
Don't worry, Og will get our BFL Monarchs SoonTM.
Quote
http://webcache.googleusercontent.com/search?q=cache:T8oRFTPnbssJ:https://forums.butterflylabs.com/announcements/4414-monarch-information.html&client=firefox-a&hl=en&gl=us&strip=1
Just to update everyone on where we stand with the Monarch at the moment.
Current chip production has an expected delivery date in early/first half of December. We expect to have chips at that time and hope to have our first units shipped out the door by the end of December. We did not reach our goal of November delivery. Unlike our first generation ASIC devices, we already have the vendors in place and ready to go, along with the substrate design and manufacturing slotted in and geared up. Right now, we are not anticipating any issues but unexpected things do pop up. If they do, I will let people know as soon as I have definitive information regarding that, otherwise we are on target for a December release. If anything changes, I will let everyone know, via this thread, as soon as I have the information.
Let me reiterate that if you are uncomfortable with pre-ordering for cutting edge, custom designed technology and all the risks that it implies, please do not place a pre-order and wait until the products are shipping and available. If you do choose to pre-order, please understand that unforseen problems and delays can and do happen and we will do our best to alert everyone to them when we encounter them and have had time to assess what the impact will be on the timeline.
Our production capacity is geared up and ready to go. With the extreme simplicity of the Monarch compared to our 65nm product line, we do not anticipate any difficulties in getting units built and out the door in a rapid fashion. Compared to our current generation, assuming no parts shortages, we should be able to product more than 1000 Monarchs per day. For reference, the Monarch should use ~12 screws and two discrete parts (board and HSF), compared to even our most simple device, the Jalapeno, which has over 20 discrete parts, assembly is trivial and should pose no issues.
Just to update everyone on where we stand with the Monarch at the moment.
Current chip production has an expected delivery date in early/first half of December. We expect to have chips at that time and hope to have our first units shipped out the door by the end of December. We did not reach our goal of November delivery. Unlike our first generation ASIC devices, we already have the vendors in place and ready to go, along with the substrate design and manufacturing slotted in and geared up. Right now, we are not anticipating any issues but unexpected things do pop up. If they do, I will let people know as soon as I have definitive information regarding that, otherwise we are on target for a December release. If anything changes, I will let everyone know, via this thread, as soon as I have the information.
Let me reiterate that if you are uncomfortable with pre-ordering for cutting edge, custom designed technology and all the risks that it implies, please do not place a pre-order and wait until the products are shipping and available. If you do choose to pre-order, please understand that unforseen problems and delays can and do happen and we will do our best to alert everyone to them when we encounter them and have had time to assess what the impact will be on the timeline.
Our production capacity is geared up and ready to go. With the extreme simplicity of the Monarch compared to our 65nm product line, we do not anticipate any difficulties in getting units built and out the door in a rapid fashion. Compared to our current generation, assuming no parts shortages, we should be able to product more than 1000 Monarchs per day. For reference, the Monarch should use ~12 screws and two discrete parts (board and HSF), compared to even our most simple device, the Jalapeno, which has over 20 discrete parts, assembly is trivial and should pose no issues.
Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
I think discussions about BFL is a sore spot for many, many forum members.
No, I received no notification, which is disturbing. Looking around the forum, I can't seem to find anyone who did receive a notification...
I have an upgraded product ordered with them and did not get notice. Also concerned now....
If there is dispute about minted seat ownership the voting rights for that seat are suspended and I will fix a appropriate payout threshold for that seat.
You could resolve this by having the coin sent to you with ownership information and a return address.
I think there are many possibilities to resolve disputes. The policy only concerned about president rights to suspend voting rights. This is a important tool until disputes are resolved.
I actually don't think there are many other possibilities, if the intent is that the seats can be transferred physically by transferring the coin, and the rest would be similar such as having a trusted local representative verify possession of the coin. The only other way would be to pull the seal, which is obviously undesirable.
If the intent is that ownership of the seats not be transferred by physically transferring the coins, that should be explained clearly to coin owners/buyers.
Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
I think discussions about BFL is a sore spot for many, many forum members.
No, I received no notification, which is disturbing. Looking around the forum, I can't seem to find anyone who did receive a notification...
Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
I think discussions about BFL is a sore spot for many, many forum members.
Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
I think discussions about BFL is a sore spot for many, many forum members.
If there is dispute about minted seat ownership the voting rights for that seat are suspended and I will fix a appropriate payout threshold for that seat.
You could resolve this by having the coin sent to you with ownership information and a return address.
I think there are many possibilities to resolve disputes. The policy only concerned about president rights to suspend voting rights. This is a important tool until disputes are resolved.
Just curious, I noticed that BFL Josh posted an update about the Foundry delaying the first batch of chips. Josh said that customers have been notified, therefore I'm wondering if you were notified?
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
https://forums.butterflylabs.com/announcements/4414-monarch-information.html
If there is dispute about minted seat ownership the voting rights for that seat are suspended and I will fix a appropriate payout threshold for that seat.
You could resolve this by having the coin sent to you with ownership information and a return address.
It seems that these unique addresses will be a pile of dust tx?
I see that some fans are unhappy with donation distribution method. I work to create payout threshold setting. This setting will be valid for all seats including minted seats.
How is that going to work? Are the minted seats transferrable? How will the new owner log in to adjust the payouts?
There will be a account setting to adjust payout threshold for seats.
The account that minted the seat is seat owner right now. If the physical coin is sold to another person I should be notified so I can set the new owner on the web interface.
If there is dispute about minted seat ownership the voting rights for that seat are suspended and I will fix a appropriate payout threshold for that seat.
How are the dividends going to work for the coins? They're rapidly approaching (if not already) dust status for individual seats. I don't really see how you can do a web interface to control payouts with the coins.
We've discussed a few options. A threshold is the most obvious and easiest solution. I prefer to think that the dust issue with Bitcoin is going to be addressed by the developers at some point, especially with the recent rise in value. BTC has all of those decimal places for a reason, to think that dust will be a problem long term is a mistake in my opinion. Nevertheless, we will address it.
It seems that these unique addresses will be a pile of dust tx?
I see that some fans are unhappy with donation distribution method. I work to create payout threshold setting. This setting will be valid for all seats including minted seats.
How is that going to work? Are the minted seats transferrable? How will the new owner log in to adjust the payouts?
Maybe the best thing to do is just for TPTB to set some reasonable (relative to transaction fees) payout threshold for all the minted seats.
How are the dividends going to work for the coins? They're rapidly approaching (if not already) dust status for individual seats. I don't really see how you can do a web interface to control payouts with the coins.
I'm happy to report that 54 coins were sold on Black Friday. Thanks to everyone who ordered so far!
I believe this coin is the first of it's kind. It is an awesome concept that will probably now be copied by others. I believe these coins will be worth far more than their current value as time goes on.
Here's a cost comparison of another available coin for the sake of argument.
Lealana 1oz Silver 1 BTC Coin
Total Cost with shipping: 1.26 BTC
Cost with shipping minus contents: 0.26 BTC
NastyFans 1oz Silver 1 Seat Coin
Total Cost with shipping: 0.27 BTC
Cost with shipping minus contents: 0.22 BTC
Lealana 1oz Silver 1 BTC Coin
Total Cost with shipping: 1.26 BTC
Cost with shipping minus contents: 0.26 BTC
NastyFans 1oz Silver 1 Seat Coin
Total Cost with shipping: 0.27 BTC
Cost with shipping minus contents: 0.22 BTC
This is a valid comparison only at first minting.
The nastyfans minted seat coins increase contents with each donation distribution. This reduces the "cost with shipping minus conents" over time. It is possible that the coin someday has the same BTC content that you paid for the coin. This is a very important difference to understand.
Ah damn, I was asleep during Black Friday :/
Could you PM me too about the international shipping conditions please?
Could you PM me too about the international shipping conditions please?
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