Good morning everyone! The first few hours of COG.F sales have been decently successful. We currently have the funds to purchase one Avalon ASIC. The Avalon team should be accepting orders for their third batch of ASICs in the coming weeks. I will do my best to get in on the preorder (Usually a <6 hour time frame). If by chance I miss the opportunity to purchase the Avalon, another BFL SC Single will be added to our previous order from BFL, so it will be sent out fairly quickly  Cheers, Garrett Has anyone received the first batch shipment yet? I can't follow threads anymore. |
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I hear people using terms like hoarding, trading, investing etc. Bulls and Bears argue about who predicted the latest rally or trap. A recent thread boasted about selling Bitcoins to buy a new car. I mentioned that I would have financed the vehicle with a low interest rate over years because Bitcoin's ROI outperforms everything. Somehow, I just think that there is a generation that wants everything now and doesn't really think long term.
You would borrowing money to buy a depreciating asset? The average depreciation for a car is 15% a year. That is like borrowing money in USD and holding it when it has an inflation rate of 15% a year. |
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People need to stop voting and focus their energy on more productive things.
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I know the word fascism is thrown around a lot but it has a specific political definition. I think what you are referring here is an oligarchy and not fascism. Fascism promotes the elimination of all classes from society to form one class.
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Avalon is shipping and we need to get on board.
After the current motions pass on Friday, I'm planning on raising two more:
1) As requested by a shareholder, a motion that lets me spend Cognitive's funds on mining hardware freely. I will, of course, continue to operate in Cognitive's best interest as I have with funds in the past. The main advantage is not having to wait two weeks for a motion to pass, because sometimes ASIC ordering windows are much shorter than that!
2) The sale of "Contracts for Delivery", meaning the sale of an asset in order to purchase mining hardware that will mature into a Cognitive share when said hardware arrives and is hashing. These would be competitively priced, to encourage investments, and would be sold in bulk only. I think 100 for BTC22 would be an extremely good deal for investors, as Cognitive shares trade for 0.3+.
As always, suggestions are appreciated.
Best,
Garrett
Is is still that only 1 person has received a shipment from Avalon? |
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I sold half of my stash the first time the price doubled after I bought a bunch. That means I have no realized loss or gain. I am just neutral.
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Do people actually read magazines anymore?
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Because we are one of the few services with a sufficiently large transaction volume, large hot wallet and the ability to calculate taint. We also take the risk of accepting zero conf transactions.
I am not adverse to lowering the fees. Those of you who feel a 1.5% fee is too high would you use the service at a 0.5% fee?
Perhaps a tiered system. 1.5% = full mix, 0.5% = basic mix (possible taint). People who really want mixing would pay the 1.5% fee, others who just want to make it far harder to track would use the latter. Sell 3 albums at $15 or 5,000 singles at $.99. Which yields the most net profit? It is more like 3 albums at 1.5% of $15 each or 5,000 singles at 0.5% of $0.99 each. |
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TL;DR: You want to change the representative republic into a direct democracy. I think they are both terrible systems.  Usually that follows a couple of reasons why, but I'll bite; why don't you like it, and what system would you prefer in their place, if not this or the current? Try a representative sortition. |
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Sometimes, a meteor is just a meteor.
Except for when it's obviously a reptoid landing shuttle.
When a a meteor strikes Earth and becomes a meteorite, it is just natures way of decentralizing the abundance of gold and platinum in the universe. Now that is a conspiracy. |
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Do you ever wonder how drugs can be traded for Bitcoins via the US postal service?
The USPS pre-dates the US government. It even acts as a bank.
Why is the USPS being bankrupted by the US Treasury? Why is it being forced to hoard cash to cover pensions decades in advance, when no other corporation is subjected to the same requirements?
Are FedEx and UPS being under-cut by a competitor that isn't subject to the same ridiculous commercial regulations?
Is Wall St. trying to get rid of the postal service? Or trying to get it to raise rates? Is the USPS being purposely targeted?
Maybe the US Postal Service should consider accepting Bitcoins.
. The constitution grants Congress to set up a government controlled mail delivery monopoly. It was only in the 1970s that the postal service allowed private companies to deliver "extremely urgent" mail which lead to the rise of Fedex and UPS. In the 1840s the American Letter Mail Company was created by a private individual to fight against the government monopoly. The government post offices charged 10 cents a letter and the private company came out with a flat rate of 5 cents. The government shut the company down after a few years. Unlike Fedex and UPS, the mail sent through USPS has certain privacy rights. UPS and Fedex can open the packages for any suspicious reason. |
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On another note, if what BCB said is correct (which is doubtful, considering that he often spews "info" about topics that he knows nothing about), I think they have a right to be here.
They have a right to be here. The community also has a right to be deeply skeptical of any claims that the PPT operators were victims and to regard them as willing accomplices of pirate. They certainly have a right to be here. AS SCAMMERS. I'm not proposing the account be banned, just marked accordingly. For that matter, if Patrick Harnett had come to terms with his own idiocy/incompetence, he'd simply be using his marked account rather than dicking around on transparent PR bs. This is true. It is proper operating procedure to add a scammer tag or even ban users that try to bypass the scammer tag with a new account. The is no reason this 'group of individuals' that are trying to collect from pirate need to use a new account. They can use their own accounts to post information. |
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Just a quick request for clarification about the pass-through on LTC-GLobal.
It isn't entirely clear from the description where the backing shares will come from. There were three alternatives:
1. (The one I think you're doing) : You buy the shares on the open market from whoever happens to be selling.
2. You sell shares from treasury at equivalent to the price they're listed at on BTC.CO.
3. You sell treasury shares at the equivalent of market price on BTC.CO.
Numbers 1/2 are both fine - number 3 would be out of order as shares would be being sold to you privately (to operate the pass-through) at a discounted rate without their sale price having been officially lowered.
I'm pretty sure you're doing #1 - so outstanding shares won't increase but price on BTC.CO should rise (probably slightly) due to increased demand.
Sorry for not clarifying my intentions; I'm doing #1. I would by no means abuse my abilities as the asset issuer for the main Cognitive. Just to make everything crystal clear: I will be buying shares on the open market, and it is my responsibility to pay the equivalent dividends. If I underprice passthrough shares, I am the one who eats the difference. In celebration of the passthrough launch and to get things rolling, I put up some passthrough shares at a discounted rate. So snag them up before they're gone  https://www.litecoinglobal.com/security/COGNITIVE-PTBest, Garrett You sure you've done your math right? The cheapest ask on BTC.CO is .34 - equivalent to about 113 LTC. Your "discounted" ones are at 177 LTC. The first big ask on BTC.CO is at just under .5 - equivalent to about 167 LTC. Your main sell is at 255 LTC. I run pass-throughs myself - and know you have to be careful not to be caught by exchange-rate moves. But a markup of over 50% AND keeping 5% of all dividends? That seems just a little bit greedy. Does BTCT.CO have automated trading yet? You mean via API? There is an OAuth 1.0a API (similar to twitter) setup. You can query your portfolio, buy, sell, and cancel orders so far. This is in addition to the standard read-only JSON endpoints that provide complete market data, so really the only commands missing are internal transfer and coin withdrawal. FAQ here: https://btct.co/faq?tab=tab5I put together a stand-alone demo app here: https://btct.co/burnside-exchange-client/It's pretty rough, but you can see how it all works. You can download the demo app php code here: https://btct.co/dl/burnside-exchange-client_0.8.zipShould be really simple to get going on your own LAMP stack. Cheers. Great addition, I missed when this was added. |
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So how do you plan to pay yourself for this full time job? Will it come out of the revenue before dividend payments or is it coming from the cash raised from this sale?
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Just a quick request for clarification about the pass-through on LTC-GLobal.
It isn't entirely clear from the description where the backing shares will come from. There were three alternatives:
1. (The one I think you're doing) : You buy the shares on the open market from whoever happens to be selling.
2. You sell shares from treasury at equivalent to the price they're listed at on BTC.CO.
3. You sell treasury shares at the equivalent of market price on BTC.CO.
Numbers 1/2 are both fine - number 3 would be out of order as shares would be being sold to you privately (to operate the pass-through) at a discounted rate without their sale price having been officially lowered.
I'm pretty sure you're doing #1 - so outstanding shares won't increase but price on BTC.CO should rise (probably slightly) due to increased demand.
Sorry for not clarifying my intentions; I'm doing #1. I would by no means abuse my abilities as the asset issuer for the main Cognitive. Just to make everything crystal clear: I will be buying shares on the open market, and it is my responsibility to pay the equivalent dividends. If I underprice passthrough shares, I am the one who eats the difference. In celebration of the passthrough launch and to get things rolling, I put up some passthrough shares at a discounted rate. So snag them up before they're gone https://www.litecoinglobal.com/security/COGNITIVE-PTBest, Garrett You sure you've done your math right? The cheapest ask on BTC.CO is .34 - equivalent to about 113 LTC. Your "discounted" ones are at 177 LTC. The first big ask on BTC.CO is at just under .5 - equivalent to about 167 LTC. Your main sell is at 255 LTC. I run pass-throughs myself - and know you have to be careful not to be caught by exchange-rate moves. But a markup of over 50% AND keeping 5% of all dividends? That seems just a little bit greedy. Does BTCT.CO have automated trading yet? |
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Loser Luddite. Just get a 3D machine that can print itself. |
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It is really fucked up he would shoot the daughter of his appointed attorney. No matter how stupid or corrupt the LAPD is, this guy is killing people because they would not let him join their club.
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Never do spec work again. Instead of showing a client ideas of what they want and letting them only pay you once what they want is done, you show the client a portfolio of what you have done in the past. Then get them to GPG sign a contract that states what you will offer for services and how much they will pay. They pay whether they like your design or not and thus can't claim they had an idea after they see your work.
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