Great USA government is going to rule the entire world. All of you ,whether human or other species, on this planet obey USA LAW!
---- As far as I know,,,Havelock is located in Panama,,, Shouldn't it obey Panama's LAW instead the ALL MIGHTY USA?
The SEC didnt go after the exchange (yet), they went after the issuer, just like I said they would. As for who has to obey US laws, anyone conducting business in the US or selling securities or soliciting investments from US investors. That includes cryptx. And of course, virtually the same rules apply in the EU and pretty much everywhere.
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The US Securities and Exchange Commission (SEC) has formally charged and settled with serial bitcoin entrepreneur Eric Voorhees for the public offering of securities without registering with the federal government. “All issuers selling securities to the public must comply with the registration provisions of the securities laws, including issuers who seek to raise funds using bitcoin.”
According to the SEC, Voorhees was found to have violated sections of the Securities Act of 1933. He was accused of using online forums and social media platforms like Facebook to solicit investors between 2012 and 2013.http://www.coindesk.com/sec-eric-voorhees-deal-unauthorized-securities-sales/Who'd have thought?
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It crashed because of twitter?
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[1] -- This is technically true. If you paid nothing for electricity or space, had your Monarch in hand today, and focused on an optimistic difficulty increase over time, you'd break even by September of next year. Realistically speaking, however, no...your Monarch will never break even. You forgot to ask a small detail: when will it be delivered? Its not gonna be today like in your simulation, I very much doubt it will be this month. As for this loan; people dont seem to wonder why cryptx so desperately wants to see this load repaid asap and before anything else. Clearly he only wants to (re)invest with your money, and not his own.
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I seriously doubt we'll see 62% monthly difficulty increases every into the indefinite future, or even anything like that.
Let's say you got a KnC Jupiter in December of this year. According to the default settings, you'd start with a 207,000,000 difficulty in 12/13, and end with a 13,324,000,000 difficulty in 11/14.
That would mean a network hashrate of 9.5 * 10^16, or 95 Petahash.
Fun fact. As it turned out, in 12/13 we had 1,000,000,000 difficulty, nearly 5x what your default settings projected and we breached 95PH in June rather than november.
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I am calling you an incompetent scammer.
Im not sure how you measure competence of a scammer, but if you measure it by success, Usagi is a competent scammer.
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basicly dont invest in any form of mining at all, you can never ROI Sure you can. You can even make a profit on Satoshidice. There have been times, and there may come times when mining is (very) profitable. Early KnC machines, early Avalons, some AM machines, these where hugely profitable. Same for mining services, people who got in Gigamining or even ghash.io early enough and got out in time, they made a killing. These are however, the exceptions. Anyone who reinvested these profits in other machines or other bonds/shares, or never got out, will have seen profits dwindle and ultimately become a big fat loss. Am I not right dhenson, you seem active in just about every mining thread, on average how did your BTC investments fare? if you can ROI, you should use those profits towards a larger round, Nonsense. You imply that because the previous round was profitable (if it was, because just receiving dividends doesnt mean profit), then so will the next. In reality the market changes constantly and may change fairly dramatically now that OEMs are getting in the mining game themselves. you fail to understand the power of PETA, go away. You fail at logic. it might be true that i wont ROI for my monarch LOL. Might ? But hey, no worries, just reinvest your mining revenue in more BFL products, and you'll make a profit for sure!
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I think you were lucky. If you were going to send 800BTC to an incorrect address, you could hardly have picked a better one to do it. Mtgox being run by a court appointed trustee, not being allowed to accept new deposits, your odds of recovering your funds seem far better than with any address in my btc addressbook.
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IMET was contracted to build Printed Circuit Boards (PCBs) for AMT miners in February of 2014. How did you ever expect to ship in January if you didnt even have a board manufacturer?
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No it isn´t, as the new hardware can be deployed at record prices, whereas "new" mining bonds are nearly always overpriced. If you "reinvest" your own divs, you can pick whatever mining bond/share that is cheapest at that time (or pick none at all). Having cryptx reinvest for you as you are all so keen on, is just like handing over all your divs to cryptx and let him invest them for you. Whether that is always going to be cheaper/better is anyone's guess and seems very unlikely at best, particularly compared to the hashrate mining OEMs can bring online. But if you are convinced cryptx somehow can always bring hashrate online cheaper than anyone else, why would you then worry he wouldnt be able to expand by issuing new shares? The reinvestment is the real strength of this bond, as it allows it to basically be cumulative.
Sure, and martingale bots are the real strength of satoshidice. even though the odds are against you at every bet, if you just keep playing them in the end, surely you will win :/
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shares in fixed mining operations are losing propositions no matter how they are dressed up,
Hey, something we agree on. Except you think if only you would reinvest enough of the underwhelming dividends from those fixed mining bonds in to more fixed mining bonds (be it the same or other), then somehow "magic". Because that is exactly the same as what cryptx offers.
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Yeah i'm pretty sure that if Cryptx was in US I would not be risking investing in PETA,
Lol, you think Belgium of all places is less regulated than any US state? You cant fart there without a government license.
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Agreed! What's the point of this mining fund if we aren't growing? You prefer growth in meaningless numbers over BTC denominated profitability ? Or you think profitability would not lead to growth? If you are so sure cryptx will do or continue to do a good job, why would it not grow and be able to sell more shares, representing more hashrate, without its current shareholders being forced to increase their investment over time on terms they can not dictate, in circumstances they can not foresee?
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But then you don't know who's going to invest how much and how much hardware that buys. Then it becomes too risky to reinvest at all. Knowing upfront how much reinvestment we'll have is key to success?
I dont understand how this is so hard for almost all of you. Investing is the exact same thing as reinvesting, all that differs is the source of the funds, and the choice you no longer have. If reinvesting is a good move, then so is investing. And if investing (in new shares) isnt a good move and doesnt happen because the market thinks its a bad move, just how happy will you be that a large part of your revenue is being "re"-invested anyway? Seriously IM going to start selling "100% reinvesting mining rigs" with a custom firmware. They wont produce a single BTC for you, but once in a while, whenever I say you mined 5 BTC for me, I will send you another miner at whatever hashrate I decide is reasonable at that time. Mind you, not that the new rigs will earn you a single satoshi, but you will be able to glance at the statistics and feel rich. After a few years, you may well have 5 mining rigs all from buying just one. All of them generating just bitcoin dust, but what a deal!
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I'm very serious. I get, but don't accept your argument, simply because not everyone re-invests. So what? The hypothetical doesnt work even if you are the only one reinvesting. In fact your argument supports the empirical pattern we see in other high growth industries Which other zero sum industries would that be? PETA's game is to be one of those final few players. And what do you think the odds are of a company that has to buy its hardware on the open market to unseat companies that produce their own hardware at cost? Bitfury, Cointerra, KnC, etc are all setting up their mega farms. They will sell their hardware to cryptx, then use the money to grow their own farm by a far larger amount. You dont win that sort of arms race unless you are an arms dealer.
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At any point in the future? Only during (I)POs, you mean? (regarding reinvestment in cryptx)
You could just buy more existing shares at market price at any point, but indeed for peta to grow, they should simply issue new shares representing new hashrate regularly. "Reinvesting" is simply the equivalent of being forced to buy these new shares at prices you have no control over.
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I'd be interested to see any mathematical or economic proof you can back that statement up with.
Not sure if serious. IN case you are serious, assume reinvesting would somehow increase your share of the network. Keep doing that, see what happens. You would end up with >100% of the network. The same logic dictates that if several competing mining companies reinvest their revenue, on average, everyone loses. Well everyone except the network itself. Welcome to the zero sum game.
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I'm talking about Hashfast, or some successor entity that gets the chip for "free" (but with Hashfast's debt) being the mine, and Hashfast's creditors (plus whoever puts up cash to make the boards) being the owners.
I know. But you want to know how much those chips could realistically bring in revenue; the answer is that the market thinks they can bring $x, x being the current market value of those or similar chips. If they are generally expected to mine $x over their lifetime, after subtracting costs for PCB, hosting, power etc, people would be bidding that for them. Or usually, more.
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But in a relatively smooth case scenario of a conversion into a mine, what's the earnings potential of, say, 35,000 chips?
The easy answer is that the market value of those chips will reasonably reflect their expected earning potential. In fact, the potential is likely lower if you have to factor in the 3 month delay in getting everything online, and if you consider miners have historically almost always over invested, at least since asic introduction. So they are willing to pay too high prices.
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