Yep, Maria, stop this nonsense. They have no obligation to meet you or your friends whether virtual or real. If you are not happy you can email them, you can write them to their registered address in NZ and/or you can sue them. You also can whine here. If you really want to go after them personally you sue them and try to pierce the veil of limited liability.

Overstep this and you should be in jail.

Yep, we all know that. The problem is that when one buys a biz (or part of it) one gets it's assets and liabilities and comedy value too.


We all know that too. It is quite damn embarrassing, nevertheless. And here people were quite understanding for long time. And I was the first one here to come out and say that only those who do nothing do not make mistakes. Now I kind of forced to add that those who do effectively nothing about releasing significant funds to many people must be doing something badly wrong.


Make fun of you? Well yes and no. Not really you personally (however, it is you are the one who responds with personal attacks).

You are here effectively the spokesman of Bitcoinica LP, so in my posts here "you" usually means "Bitcoinica LP". But think about it, what else here left for us here to do? No seriously! Just cracked a innocent light joke or two and you immediately respond with ad homini attack and moved on to "we are not friends anymore" stance. Whether my character is trusted or not, I am not the one here who holds millions of other people money.

Bitter? Yep, to some degree. I suppose like many others here. One of the companies I was involved with has happened to have some small'iish 4 digit amount held there for quite some time now. While it is not much, that money were earmarked to be used to pay for print of Bitcoin Magazine #1, and now #2 and given that "we hanged out" and "trusted character" and that people on our side were in direct contact with Bitcoinica it tastes rather bitter to not have a single reply on our small 'ish claim in 50+ days. We must be on a "untrusted scammers, to not be paid out a single penny and to ignore" list there in Bitcoinica. This makes no sense. Would it explain some bitterness?

However small this amount is, it adds up, we had to rise some finance for Bitcoin Magazine and sell some tiny amount of equity (less than one percent) to finance print of #2. This equity could have been not sold and it easily can worth 10 times the amount a few month down the road, once we are in B&N stores and land a few more distribution deals. I am sure you (Bitcoinica LP) are damaging many other parties as well. This little example illustrates how damages you cause can be many times more than amounts you hold hostage.

I wish you have taken Zhou's offer to sort most of this in one week instead of doing all this "processing" for about two month now (and counting) with no end in sight.

So why such an overreaction and ad homini attacks in response to some innocent jokes? Do you really think that you (Bitcoinica LP) can hold hostage millions of dollars and your victims shall not even crack a joke at your expense?

Just to summarise. I am not attacking you personally (it seems you do attack me personally, however). I am, like others, irritated by the way Bitcoinica LP handles this and how long it takes.

You do not get it. IF BFL deliver on their promises, then with 1 terahash you WILL be a small fry.

Let's have a look at this in the context.
the post immediately above my post:


Thank you, bremer-btc-user.

@genjix:
This is very rich for YOU and rest of your gang to call ANYONE here stupid. Real pro!. And no, it was not an advise, it was a joke. You are too smart apparently to get it.

I quit advising Bitcoinica the moment my advise to use colocation instead of linode back in September 2011 was
ignored. I have not been advising anyone in Bitcoinica since then. So please do not even for a second imagine that I am advising you here.

Funnily enough, after you guys got owned by linode, you (Bitcoinica) have "fixed" it by moving to rackspace VPS's, GENIUS! (yea for real smart ones clarification: this means IDIOTS!). Do not you see now all the hilarity of this?

P.S. Ohh and by the way "LOL" means "laughing out loud", often used on interwebs as substitute for smiles and it is usually indication that there is a joke somewhere close by.

But this solves the problem that bad guys could get large number of the mining CPU's GPUP's and FPGA's at whatever price.

as soon as one realises that:

1. Good for CPU  miners != Good for Bitcoin
and
2. Good for GPU  miners != Good for Bitcoin
and
3. Good for FPGA miners != Good for Bitcoin
and
4. The higher the Bitcoin nework difficulty the more secure Bitcoin network is and therefore
Migration to ASIC mining and combined Bitcoin hashing power measured in ExoHashes as opposed to present TeraHashes  = Good for Bitcoin.

So if you want to whine about ASIC's try to be honest and not bring  "good of Bitcoin" into it. Go and whine like "ohh by October my FPGA will not pay for itself, my investment went baad, gotta go to work for Wallmart again!"

Bitcoinica LP crew is definitely not businessmen at heart. Should have set up a blog, with daily updates, put adsense ad on it. They would by now make more money out that blog that it was stolen. LOL

yep, you'll get yours by monday/tuesday, most likely

You guys do know the difference between illegal and unlawful, don't you?

I shipped a few more copies to UK today. Should be delivered by Monday/Tuesday to most.

As rjk said. However, it worth noting that Bitcoin hashing work can be "reused" by parasitic (or symbiotic) merged mining. Namecoin is one example of this. But hopefully eventually there will be more of those, all the notarial services, deeds, contract time stamping, potentially even some voting schemes maybe. Imagine that you can develop some software and piggy back almost "for free" to Bitcoin hashing backbone measured in ExoHashes by then.

As zerohedge crowd have been absolutely correctly commenting on recently. Prices of equities and bonds and many other asset classes do not trade based on fundamentals but based on current level of central bank insanity.

Dow, for example, these days has nothing to do with number of cars, potash, iphones or CPU's or other goods and services produced and consumed. It has, however, everything do to with and only with how much QE Ben and Marv have pushed out of their wasoo during every given week. Trade that. Or alternatively, just buy some bitcoins and you can start ignoring reality for the next decade or so.  

I had 800 back when we were playing into block races in our MMC pool.

Could be this, could be just some technical issue. The thing with gox is: you never know whether you are being goxed or foxed.

The best strategy here IMO is to not play. It is really fun to be just an observer. And I am speaking from experience here. It is  much less fun watching Bitcoinica debacle because Bitcoin Magazine has slightly more than 1000$ in limbo there.

Last call for issue #2 ad placement! There is still time to get in!

You think nobody reads magazines? Think Again!

https://www.youtube.com/watch?v=gPZS2Wsau88

Well, their quarterly reports to investors do not say anything about them losing money on magazines.

What I know for certain is that distributors present magazines to store reps (perhaps there are guys who representing more than one store). Those store reps do make choice on which magazines to order. Chances are that a single word passed from front line guys to such a rep about customers asking a specific magazine, would ensure the magazine order by a specific store.

Also, by the way they structure the biz terms, they just cannot lose money on magazines. All the risks are on publishers.

I suppose some people just lie habitually in attempt to appear more smart or more important than they are. At the same, time I must admit that my initial response was worded too strongly and I do not know all the relevant facts to be absolutely sure in what I said, specifically about that particular store. That is why I have removed that response.

Maybe someone who actually worked at one of B&N could tell us how this works exactly. I am all ears in this case.

For those who think that print is dead here is what I have to say:
http://bitcoinmagazine.net/advertise-with-us/

support@bitconmagazine.net for customer support. They will sort all the problems.

Edit: Ohh it is Dansker, nevermind then... he never will be happy.

It will increase chances of getting BM into this specific store. As soon as we sign the contract, the distributor will be presenting Bitcoin Magazine to store's procurement managers, and those will decide whether they will order them and how many, depending on availability of space on their newsstands and level of interest and demography of their customers. So those who bug them and demand the magazine will most likely get that store stocking Bitcoin Magazine when the time comes.

crossposted

B&N saga is just beginning. It is not an instant thing. We have an agreement in principle with them and negotiating a few finer points now. We expect to have signed exclusive 2 year long contract with them imminently. We do not know yet which stores it will go in and we do not know yet how many copies they will request us to print. Could be 10k, could be 100k, could change over time. They told us "your title is a bookstore title", whatever that means. I am rounding up finances to be able to print 20k of #3.

One thing is known, you should not expect to see BM  on the shelves before 1st of September, it will be either #3 or #4. This is just how long it takes. But still go now to their stores and bug them and tell them to make sure that they stock it once it becomes available. It helps a lot.

No guarantees here, but advertisers do take notice that you can book now up to 6 month of the most valuable advertising real estate in BM (some have done it already) and potentially get huge exposure in B&N distributed issues at silly low prices. One advertiser, for example bought some full page ads in the very beginning for 3 first issues for some champ change, like 150$. And now he will get not just #1 ads, but #2 and #3 ads too (potentially with big print and in B&N stores). Likewise you still can book ads for up to 6 month in advance now for just a few thousand dollars (we even give decent discount on long term deals). Some advertisers have seen this opportunity and locked in the most valuable spots for many month in advance. As soon as we know how many copies we need to print to cover B&N order, the ad prices are going to skyrocket again, most likely.

There also will be minor pricing changes. The prices in stores will be higher than what one can get on subscription or direct from us. Overall price of one copy will also be increased slightly for some regions. Naturally, people who subscribed already are not affected by any of this.

Also it is highly likely that starting from #2 we will print in UK on the same presses that Wired and their ilk are being printed on. We will have much more robust logistic solution and shipping to both EU and North America will be much quicker starting with #2.

I now can promise you that some copies will be uber collectible.