The rumor mill says that Gox is cash broke and running a fractional reserve.

Also people still use Gox? I thought Bitstamp was where the action fled to...

Never realised it could be so hard sending out Bitcoins. I wonder how the exchanges and Just-Dice deal with large amounts of withdrawals? Does WeExchange use a different program to handle bitcoin transactions?

I personally think the time is right for an open source poker client/server. I wonder if any exist?

You should ask seals to add a private poker room. Pokerstars does this.

EDIT: So you can have invite only rooms and deal with bitcoin or free.

Wow Realsolid just made $4,000,000+

If I were him I would now auction off the entire site and be done with it.

Do you have any idea what the low-production run consists of? How many chips? I estimate several hundred chips giving between 2.4TH/s and 8TH/s.

EDIT:

If we get 8TH/s and have to wait 3 weeks before getting more hash power I have calculated expected returns.

First week: 40 bitcoins. + 7 bitcoins we are making now.
Second week: 30 bitcoins + 5 bitcoins.
Third week: 23 bitcoins + 3 bitcoins.

= 108 bitcoins = /2 = 54 (because Ken keeps half for buying more chips and stuff)

So the low-production batch should give each share a dividend in the three weeks of: 54/10,000,000 = 0.00000540 (540 Satoshi per share)

This estimate assumes Ken uses the entire low-production batch to mine, hopefully the miners he sells will have a better return to the shareholders.

You are demented. I am thinking a one way trip to the local psych ward is the only place you should be travelling.

This is very true.

Do you think there is someway to get Bitcoin on the ISS?

All of the offers are serious, but Ken has asked us to hold off until we are trading on an exchange. I have sent him a PM saying that we really need to be allowed to trade our shares on the forum if the exchange thing remains an issue.

Also I prefer havelock for trading, although it seems crypto-trade might be another choice. I just hope they are not a scam.

I actually thought you had some intelligence.

Protip: There is more than 48 weeks in a year dumbass.

Yeah I get that, thanks.

(10 bitcoins per week) X (no difficulty increase) = 520 bitcoin, not the 150 I predicted.

Hint: I took difficulty increases into account.

Dude, you and iCEBREAKER always go into this weird movie mode when you start comparing our real situations to popular movies. I think its kinda lame but whatever, this is the internet afterall. Anything goes.


I was talking about shareholders that did not believe in Ken's eASIC plan and were only invested for the current hashrate. I doubt any of those shareholders are left because if they did not expect the hashrate to increase (because they do not believe in Ken's plan) then why would they stay invested? Especially if the hashrate would drop away forever and 0.0015 offerings were on the table up till just a week ago!

To be honest at this rate you have more chance of being filled than I do.

Yeah that is what I thought. That's what prompted me to ask here and find out what the consensus was regarding forum based trading of securities.

EDIT: I am talking about selling already issued securities as opposed to issuing some myself.

The thing you need to take into account is that most people holding the shares are waiting for the eASIC chips.

I assume any shareholder that was invested based on our current hashrate has already jumped ship.

My point is that if we do not get eASIC chips soon and bring our hashrate well above 20TH/s then a fair value for our shares really is 0.000015 or less.

EDIT: Re-revised number!

Current hashrate makes 10 bitcoin per week, Lets average this out over the year and expect perhaps a total of 150 Bitcoin to be mined at current rates if we get no more miners.

(150 bitcoin mined over a year) / 10,000,000 shares = 0.000015 per share.

Really? I thought that the securities area was primarily for the issuing of securities. Although compared to the other options it does make most sense.

I guess there has never been a dedicated forum for trading securities because we always had exchanges.

If Ken is ok taking orders for many 24TH/s machines that are meant to be in customer hands come end of November then we should easily have enough capability to hit 3% of the network.

Continued reinvestment of half the dividends could compound our hashrate faster than the rest of the network increasing our percentage. Of course we don't know what amount of reinvestment is required for such a compounded increase but the deal with eASIC was meant to make that our strong point. (After the design and first batch phases, we were meant to be able to say "We need more chips, here is cash" and eASIC's strength lay in being able to accommodate such an order)

Of course your are right about right now, the shares are not worth the price but in fact much much lower. (Our current hashrate demands a share price of about 0.00003)

But if we hit 3% and the reinvestment idea works, we could eventually hit over 10% of the network making the shares worth way more than 0.005 and thus heavily rewarding those that held.

The question comes down to this: Is Ken lying about being able to ship these 24TH/s machines? If he is lying then my asking price is way way overvalued. If Ken is not lying then they are reasonable or even undervalued.

Don't worry no one will be buying any shares until we have an exchange.

The market price is still under 0.002 and to be honest all of our shares are currently worth about 0.00005 at our current hashrate.

If we had 10% of the hashrate by January then 0.01+ is certainly a possibility, unfortunately we cannot predict what our projected hashrate is going to be due to super quiet Ken.

I personally think 3% is reasonable due to the fact that Ken is ok selling several of those 24TH/s units. If he is so confident he can ship more than 6 of those then we must easily be able to get over 100TH/s online. But maybe Ken is lying? Maybe first batch only has enough chips for half of one 24TH/s miner? Then why is ken selling machines he can't ship till batch 2 or 3?