I am more concerned about the share situation, it was implied that we would be trading by now.

Ken might have his reasons for the lack of trading and we really deserve to know what these reasons are.

What!?!?!??!

$5,000 for that? No one even believed that prick (CanadianGuy)

AM = AsicMiner
ActM = ActiveMining (us)

You're in the wrong thread.

No worries, I have been waiting for a long time.

Ken no longer talks about shares.

Ken is still programming the system to allow for share transfer, but I am not sure why a several day task has taken over a month. I told him that manual transfer would be faster than this bullshit.

This raises interesting political questions. It's likely many Governments will buy Bitcoin to position themselves in good light if Bitcoin does take off, also many institutions are known to be investing heavily in Bitcoin. So attacking Bitcoin would be more dangerous politically if for example China was heavily invested.

Could they attack Bitcoin? They have around $10 billion in funding per year, so they could easily design their own ASIC and 51% attack, the loss in confidence would then cause permanent price collapse, they could then keep attacking with each new proof of work introduced.

However would they be allowed to? Probably not.

Also as time goes on the window for attack grows ever smaller. It will cost the NSA more and more the longer they wait, and it's unlikely they will ever have the right or will to do it. In a few years even a budget of many billions will not be enough to 51% attack.

Well VE was sure that Babefoot was someone else, maybe even Bargraphics.

Although he did lie a few times too and admitted to it, so who knows what's going on inside his head?

EDIT:

VE knew more too and that is when Ken got super angry and told him the shares would be revoked if he released more information.

Bar has offered many times to go along with someone else, I don't think any large shareholders live within 1000KM though.

If Ken was 1000KM away from me I would have been up to see him and the operation months ago, I think most of the large shareholders have given up.

Apart from 0.0025 * 2 != 0.004

I did buy much higher and my shares were acquired from someone dumping as JoTheKhan correctly deduced from my post. Not sure how you misunderstood my post and cannot do math, you're perhaps a little slow? I can't really say much as I have essentially gambled everything away.

Not really, my money went to a smart investor not Ken.

Aww poor zumzero must have been getting desperate. I was desperate and made a knowledge thread to at least help without being a loud cheerleader/liar.

Lets stop being naive, there are no machines shipped. Ken shipped something but it did not hash, perhaps a computer module like power supply?

And of course I was right about CanadianGuy, it wasn't shares but was some type of financial incentive.

Not sure if you know much about startups, not starting a brick laying business, that's not a startup, but rather http://www.paulgraham.com/growth.html

And most of these startups don't even have a method of generating revenue for most of their lives, some are even planned on making an exit as the only possible investment return. Many angels and VC's admit that it's a gut feeling and luck mostly, it's hard to calculate the unknown.

And there were calculations for ActM laying around. I still believe that if we were on schedule we would have had some success. I invested in the knowledge we would have a full capacity by the end of December and there were no hints back when I invested that something went wrong with the eASIC chips.

Send an email to support@virtualminingcorp.com.

CanadianGuy is invested and wants to pump once we can trade. Sorry Vigil it's really that simple. Once this liar posts images and a tear down of the machine then he can clear his dirty name.

Get lost with the "I love the law so much anything not allowed by authority is bad" jerk off.

We are allowed to complain about whatever investment we want. Please note that legal investments that expect crazy profits also derail all the time.

One thing to take away from all of this is that we are going through an experience that many people have gone through with 100% legit investments, this is normal for investments as many do fail. That is why diversification is the number one rule, a rule I fucked over badly and lost.

My point to Mr "I love the law so much because all laws are right and just", this situation is less about unregulated securities and more about the normal course of action for startups. Most startups fail, fact.*

* But we can still get pissed that it went down and would like to understand why it failed or seems to be failing.

Pure stupid.

A photo of the chip does not allow one to copy or understand the design.

Lucky you, I need something closer to 0.004 to be break even, I got in higher than anyone.

The exchanges were closed by their respective owners based on advice from their lawyers.

No exchange was actually closed by the SEC, the overarching threat of the SEC was the reason and it's likely the SEC would have stepped in if the owners had not followed the advice from their lawyers.

Well if that is the case then cool.

That would mean we have boards and real in the flesh eASIC chips! It's a downer they don't work but it's a step further than I thought we were.