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1901  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 05, 2013, 02:28:19 PM
You assume that lowering the price will result in the same amount of sales. In reality lowering price usually increases sales as demand and supply match again after changes. Selling 200 blades at 30BTC is more than 100 blades at 50BTC. Another point here is better ROI for buyers, as they are more likely to buy more hardware in the future if they manage to make some BTC. At current prices it's very likely some buyers may not get back their investment which will be disappointing for them and will kill the desire to buy more hardware in the future.
But you also have to consider that the more chips you sell, the more the difficulty will rise, so there are pretty strong diminishing returns in increasing sales...
1902  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 05, 2013, 02:01:23 PM
But it's not necessary to try to predict the ability of competitors to deliver products; it's sufficient to gauge whether or not we think we would make more money by lowering prices at current market conditions, and if we think that's the case, we should do it.

+1

That is a subtlety I disagree with. In order for AM to always be the leader, they actually need to always lower prices at least a couple weeks BEFORE their competitors sell a competitive offering.

I disagree: they should keep higher prices until it is clear that the competitors are really gaining an edge.
"Just lowering the price" leads to a downward spiral were everyone loses.
1903  Economy / Securities / Re: [BTC-TC] Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc. on: June 05, 2013, 01:58:43 PM
Noob question, I'm a bit confused: why is BTC-TRADING-PT considered a FUND, as opposite to a STOCK, like ASICMINER-PT?
I.e. which are the differences?
Unless I'm mistaken they are both passthroughs, they both grant dividends, they can both be redeemed...


A lot of the classification of securities is inaccurate or inexact.

In many cases securities don't meet the traditional definitions of ANY of fund, stock or bond.

Pass-throughs are funds.  A share in an ASIC-MINER pass-through is NOT a share in ASIC-MINER, it's a unit in a fund holding assets.  That those assets happen to be stocks doesn't make units in the pass-through stocks themselves.  If they were stocks then they'd be stocks representing ownership of ASICMINER-PT NOT stocks representing ownership of ASIC-MINER.  The distinction is largely technical but significant - specifically for any pass-through the question to consider (when determining whether it is a fund or a stock) is this:

Does the owner of the underlying asset recognise shares in the pass-through as representing ownership of the underlying asset?  It can only be a stock (represetning ownership of the underlying asset) if the answer to that is yes - and the answer to that as a general question is always going to be no.  All pass-throughs should be funds - unless run by the issuer of the underlying asset (when they MAY be stocks but not necessarily so).

With bonds the difference is a bit less technical and a bit more practical.  Bonds in general have a fixed face value.  So listing something as a bond immediately gives the impression (to anyone familiar with RL bonds) that an investment in them pretty much guarantees no loss of capital over the life of the bond (paying dividends cannot reduce face value).  Where that isn't the case then listing as a bond is inaccurate and misleading.  That, I assume, is why some are voting no to new listings that claim to be bonds when they aren't.  Whilst I personally strongly disagree with listing anything as a bond that doesn't have a fixed (and maintained) face value, I would NOT personally vote against listing such a security if everything else were fine with it.  It's possibly one of the few areas where my views are more lenient than those of some moderators.  The reason I'd personally pass them is because the term 'bond' has become so devalued in the BTC community as to be near meaningless - so the damage risked by allowing the term to further be used to misrepresent more securities is minimal (the damage having already been done).

Thank you for this detailed post, it should really be added in the FAQs of btct.co...
1904  Economy / Securities / Re: [BTC-TC] Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc. on: June 05, 2013, 12:07:29 PM
Noob question, I'm a bit confused: why is BTC-TRADING-PT considered a FUND, as opposite to a STOCK, like ASICMINER-PT?
I.e. which are the differences?
Unless I'm mistaken they are both passthroughs, they both grant dividends, they can both be redeemed...
1905  Other / Beginners & Help / Re: [GIVEAWAY] Free Ripple XRP on: June 05, 2013, 10:13:04 AM
How many?
1906  Other / Beginners & Help / Re: New Miner, should I go ASIC on: June 05, 2013, 10:12:12 AM
what hardware can i get in hand now?
You also have the option of buying ASICMINER shares: they mine for you and give you dividends: much simpler and scalable.
1907  Bitcoin / Hardware / Re: BFL creates new charity project to donate 1000 BTC to [ROFL!] on: June 05, 2013, 09:59:42 AM
I think they are planning their exit strategy anybody agree?
yep!

I guess they moved funds there, hoping they won't be confiscated.
1908  Alternate cryptocurrencies / Altcoin Discussion / Re: [GIVEAWAY] Free Ripple XRP!! on: June 05, 2013, 09:54:17 AM
How many XRP?

(why didn't anybody ask that question?)
1909  Economy / Securities / Re: [BTC-TC] BitVPS on: June 05, 2013, 07:56:46 AM
No. Should be released soon. Usually it should be out within the first 2 weeks of the month. No exact schedule tho.
Thanks!
1910  Economy / Securities / Re: [BTC-TC] BitVPS on: June 05, 2013, 12:31:07 AM
Is there a more or less fixed day of the month for the previous month's statement to be released?
1911  Other / Politics & Society / Re: MTGOX sued by COINLAB for $75 million on: June 05, 2013, 12:14:26 AM
"This exchanger is listed at Liberty Reserve main page as recommended exchanger and is one of the biggest and well known companies in this business"
1912  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 05, 2013, 12:02:13 AM
• "Which is ASICMINER's bus factor?"

His post history indicates the answer is: 3.
I've looked over friedcat's history and didn't see anything that indicated that.  Do you have any specific posts that provided that information?

According to this post (July 3, 2012) there are three founders:
Quote from: friedcat
"We" the founders are three people at this moment. One of the partner has been working on the hardware section of a general purpose CPU design group. The other one has been working on the software section of a embedded-system-oriented CPU group but is heavily involved in the front-end of hardware design.

So we have the ASIC experience, but in different larger projects, and as smaller roles than, say, "they are made by just us".

My assumption is that having three founders means that the business would be able to continue even in the absence of a single person. Whether or not that satisfies an arbitrary person's request for an explicitly stated "bus factor" is up to them, I am at least happy with this statement together with my assumption.
It satisfies the requirement only if any single one of those people would be able to put the business back up with new partners, i.e. he had all the keys, accesses, and know-how to do it.
Otherwise it's still 1.
1913  Other / Beginners & Help / Re: Since Litecoin forums are down now.. I need to sell my LTC on: June 04, 2013, 05:18:53 PM
I'd gladly take a few off your hands. What currency/payment methods are you accepting?
he said in the OP he accepts BTC.

Of course you should use an escrow.
1914  Other / Politics & Society / Re: This sums it up well. on: June 04, 2013, 05:12:54 PM
No, he has a relatively small portion of the people willing to fight. Remember, no territorial monopoly, so those who are willing to fight to defend others have many (or at least 2 or 3) choices of employer. And once an agency goes "rogue" like that, their voluntary customers will dry up, and the other companies in the area will gain subscribers. There will be a large portion of his fighters, in fact, which will jump ship, as well.
While this sounds brilliant at first (and is partly implemented here in Italy, having multiple police forces), actually @crumbcake's objections are quite valid and kind of destroy your point, unfortunately.

Hey, I'd be glad to be proved wrong...
1915  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 04, 2013, 05:07:16 PM
On that note, I think someone should compile a list of FAQ from shareholders that have gone unanswered. This list should be have no more than 3 questions at a time, and be posted in some kind of clear, concise way here, and in a pm to Friedcat. We should not waste his time with bullshit requests, but real relevant questions would be nice.
• "Which is ASICMINER's bus factor?"
1916  Bitcoin / Bitcoin Discussion / Re: One million dollars in USD in US dollars or BTC? on: June 04, 2013, 02:39:14 PM
The key is diversification, if you take 1,000,000 USD and just store them as is (either full USD or full BTC), you're not quite smart either way.
1917  Bitcoin / Development & Technical Discussion / Re: Bitcoin source code is a giant mess on: June 04, 2013, 02:36:50 PM
The fact that goto has been used badly doesn't make it a bad instrument: it's a great instrument if you know exactly when to use or not use it.

Opposing it just because someone isn't trained or smart enough to use it properly is a dumbing down which does much much much more harm than good.
1918  Other / Politics & Society / Re: just drop taxes at all on: June 04, 2013, 02:15:13 PM
That's not even necessary. All you have to do is get a big enough voting population that rational ignorance kicks in, then advertise the hell out of your opponent. The one with the most money wins, and hey, guess what, corruption gets you money!
True, with money you can win democracy without outright cheating, but if you can also cheat that's much easier.
1919  Other / Politics & Society / Re: This sums it up well. on: June 04, 2013, 02:13:50 PM
Certainly. You compared a system of small, voluntary defense groups with mutual defense contracts to feudalism. The only similarity between the two is the mutual defense agreements.

You compared a small voluntary militia using guerrilla tactics to the NVA using guerrilla tactics (OK, I made the comparison, but you couldn't see the difference between the two). The only similarity is the guerrilla tactics.
Thanks, I get your point.

Still, there are problems.
If the groups are voluntary, they will likely be composed mostly of violent people who like authority, i.e. the kind of people which once they realise that they can rule the country, they do it.

And the main difference between these groups and a feudal army is just the absence of a feudal lord... but since any army needs a very clear leadership, its general might quite easily step in and proclaim himself "lord".
After all, he already has at his command most of the people willing to fight.
1920  Other / Politics & Society / Re: This sums it up well. on: June 04, 2013, 01:59:48 PM
But that would still be a state versus another state, backed by yet another state.
In both cases, you are confusing the method with the organization employing it.
[/quote]
Could you clarify?
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