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2281  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 31, 2013, 03:15:55 AM
3Th? I'll be more excited if Ken just buy some hash shares in cex.io while waiting for other hardware to deliver.

No! Please Ken never buy hash rate from anywhere!

It would be more profitable to just send those Bitcoin's back to shareholders rather than buy hash rate.

He's not an idiot, of course he wouldn't do that.

I don't even understand how those services exist... Perhaps if they took payment in VISA/MASTERCARD/PayPal and people used it as a novel way to acquire Bitcoins. But from what I can tell those services only accept Bitcoin payments meaning there is no way you can win.
2282  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 31, 2013, 03:09:16 AM
3Th? I'll be more excited if Ken just buy some hash shares in cex.io while waiting for other hardware to deliver.

No! Please Ken never buy hash rate from anywhere!

It would be more profitable to just send those Bitcoin's back to shareholders rather than buy hash rate.
2283  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 30, 2013, 03:27:06 PM
Thanks.  I guess I'm holding till the deadline.  Will there be any reason I cannot transfer the shares to Ken after BF cuts off all trading on the first?

You can certainly transfer your shares after November 1st, however holding afterwards would be a bit pointless perhaps? I'm not sure as I'm not in your position.

Also Ken wants all transfers done before 6th November, so keep that in mind.
2284  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 30, 2013, 03:17:46 PM
Question:  If I transfer all of my shares to AMC-Tender, and Ken makes an announcement that shoots the price up in the next few days, I'm guessing there will be no way possible to sell any shares, correct?  I see that we are currently listed on CryptoStocks.  Is there any reason that I could not just transfer my shares over to there?  Should I sell not on BF and attempt to re-buy on CS?  I'm so confused.  Sad

1 - If the shares shoot up and you returned them to Ken for looking after, then you can no longer take advantage of market swings.
2 - Cryptostocks have very little shares, if there is enough over there then it might be an idea, but remember low volume markets are terrible. I think Cryptostocks have 50,000 shares of ActM in total.
2.1 - Also Cryptostocks are more expensive so that you will lose money selling here and buying over there.
2.2 - At the moment there is no way to move shares directly over to Cryptostocks.
2.3 - If you want to hold ActM and you are from the USA, the best thing to do is give them to Ken and hope he gets a better solution up and running fast.
2285  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 30, 2013, 03:13:56 PM
With a significant enough advantage in speed one could theoretically catch up to any competitor if it had the capital to continue reinvesting into chip batches, and eventually pass them.

We can only become the most efficient if eASIC have a full custom ASIC option. Without being full custom we will not be most efficient. However in absolute terms yeah, eASIC may allow us to just keep ordering huge amounts of chips and gaining network share.

R&D would have to be ongoing so that eASIC will design better and better chips for us.
2286  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 30, 2013, 02:58:55 PM
I have no idea what this means or if it is at all relevant to Active Mining

http://www.easic.com/easic-and-cst-reduce-multi-level-package-design-and-simulation-time-by-up-to-5x/

For all eASIC's talk of speed they sure take their time.

The plus point of eASIC is once the prototypes are approved, ordering more chips at speed is the advantage we gain. I just hope its enough to offset the competition and incredible difficulty rises.
2287  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 30, 2013, 01:17:02 PM
Nothings moving on Bitfunder!!!

Its the calm before the storm. Ken said he would post financials for this quarter by the end of October. So here we are waiting.
2288  Economy / Securities / Re: [MCXNOW IPO] : 45,000 Shares/18,000 BTC public offering [LIVE] on: October 30, 2013, 11:35:59 AM
But the trading volume is increasing every weeks, so it's not crazy to think it will continue.

Regardless of this being a scam or not, the line of thinking in this quote decribes every large financial crash the world has ever seen.

Sure sometimes you are right, but make an informed opinion based on facts and such, just because a trend for a few weeks has been spotted does not mean that trend will continue.

I will give you a counter point, just food for thought yeah.

What if the traffic and trade volume has been increasing because:

  • MCX Is new and exciting, many failed ventures have a great first few months
  • Many people are drawn to the interest gains. Because a pure crypto-currency does not have gateways to USD that are expensive competition and clones are all too easy. The barrier to entry for creating a MCX clone is small, a clone will erode your gains.

Things to consider that will erode your share value:

  • Where does RealSolid live? If he lives in the USA I would sell my mcx shares right now. Crypto-currencies are becoming more and more legit everyday, which means eventually a pure crypto-exchange will have to comply with all know your customer and money laundering laws.

Trends are mostly in a curve shape, they have a peak and fall. Make sure you are not buying at MCX's "peak".
2289  Bitcoin / Press / Re: 2013-10-26 forbes.com - fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulb on: October 30, 2013, 10:45:03 AM
You guys are right, I was trusting what an article said without double checking the MtGox market depth myself.

Regardless, it would be easy to spread the sale of 174k BTC over 2-3 exchanges and a month to not impact prices.


Yeah they would either spread out the sales over a long time or auction it off to a bank or some high net worth buyer. Being able to buy 1% of an emerging market at market rate without effecting the price on the exchanges is certainly an attractive proposition.

2290  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: October 30, 2013, 10:23:05 AM
Difficulty of 1,000,000,000 will be complete with in the next 2-3 difficulty increases.

I personally think we will see a 50% increase this round and a 45% increase the round after.
2291  Economy / Scam Accusations / Re: cahaaang Noi goat = a little keyboard bully on: October 30, 2013, 08:01:19 AM
Yeah that's a good idea. Smiley

Just here to help. If you run into trouble or need to know the way around just PM me. I'm all about improving when we can. Thermos also will do so when it suits him.



Cheers.

I added a thread in meta to see what our forum overlords think.

https://bitcointalk.org/index.php?topic=321251.msg3440496#new

I never even use that part of the forum so I am not sure why I care, perhaps because people using the ability to delete posts to cover a scam trail bothers me? Something like that I guess.

Smiley
2292  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 30, 2013, 07:56:31 AM
I speculated that the share price will shoot up to 0.004 on a positive news update from Ken.

If Ken says the prototypes are mining at 100TH/s and we have ordered the first proper run that will put us over 1,000TH/s in December then perhaps the price will rise to 0.004
2293  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 30, 2013, 07:54:50 AM
go back to ipo price:0.0025 first ,i think.

Going over 0.001 will be an accomplishment in itself!
2294  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 30, 2013, 07:53:39 AM
I hold over 100,000 and reside outside of the great free USA.

I hope that the loss of the American shareholders does not take too much liquidity out because less liquidity means lower price. (This is from my experience even if you think that is counter intuitive.)
2295  Other / Meta / Thread permanence and a safer way to allow updates in auction threads. on: October 30, 2013, 07:51:26 AM
I was having a discussion with Goat and came up with an idea for Auction threads.

How about allow the OP to update the original post, but make the update take place straight after the original text so that the users can see the progression from the original to amended text.

Also I think the other marketplaces where people sell stuff should have this permanence too.

I wonder if such areas should have a type of permanence, like the auction threads? Or would that be overkill?
i personally think all selling areas should not let someone change something without a history of what was changed.

Well locking all posts like the auction threads would be a good start, if the OP needs to correct something they can update with a new post in that thread.

A better solution would be to create a section that could be appended to the original post so all the thread goers can see it, but also see it is in addition to the original post.

Example:

Quote from: Post #1
I am selling a fox for 2,000 btc.

And then an amendment to the original post:
(The important part being they cannot modify the original post at all, only append.)

Quote from: Post #1
I am selling a fox for 2,000 btc.
----
Update to Post #1:
Sorry its not a fox, but rather a goldfish.

I wonder if that could work because it would allow all newcomers to be up to date from post 1 instead of having to read the entire thing.
2296  Economy / Scam Accusations / Re: cahaaang Noi goat = a little keyboard bully on: October 30, 2013, 07:47:00 AM
Yeah that's a good idea. Smiley
2297  Economy / Scam Accusations / Re: cahaaang Noi goat = a little keyboard bully on: October 30, 2013, 07:37:34 AM
I wonder if such areas should have a type of permanence, like the auction threads? Or would that be overkill?
i personally think all selling areas should not let someone change something without a history of what was changed.

Well locking all posts like the auction threads would be a good start, if the OP needs to correct something they can update with a new post in that thread.

A better solution would be to create a section that could be appended to the original post so all the thread goers can see it, but also see it is in addition to the original post.

Example:

Quote from: Post #1
I am selling a fox for 2,000 btc.

And then an amendment to the original post:
(The important part being they cannot modify the original post at all, only append.)

Quote from: Post #1
I am selling a fox for 2,000 btc.
----
Update to Post #1:
Sorry its not a fox, but rather a goldfish.

I wonder if that could work because it would allow all newcomers to be up to date from post 1 instead of having to read the entire thing.
2298  Economy / Scam Accusations / Re: cahaaang Noi goat = a little keyboard bully on: October 30, 2013, 07:08:50 AM
you can sell goods in the market place section, sub section goods.

I wonder if such areas should have a type of permanence, like the auction threads? Or would that be overkill?
2299  Bitcoin / Press / Re: 2013-10-26 forbes.com - fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulb on: October 30, 2013, 07:02:12 AM
http://bitcoincharts.com/markets/mtgoxUSD_depth.html

Scroll down, use the calculator. I got Sell 174000 BTC for 15591452.58 USD

Also, using the gribble (on #bitcoin-otc) command "market sell 174000" it replied:
A market order to sell 174000 bitcoins right now would net 15593348.9834 USD and would take the last price down to 10.2000 USD, resulting in an average price of 89.6169 USD/BTC. | Data vintage: 0.0078 seconds

So the price would end up down around $10 - $30? I doubt anyone could take advantage of this though, unless it was their orders that got filled.

So if you had an order set at xbtc for $40 you would be smiling after the FBI made such a bad move. Afterwards no one will follow suit and sell into that hole and the price would recover quite quickly.

Anyway, never going to happen.
2300  Economy / Scam Accusations / Re: cahaaang Noi goat = a little keyboard bully on: October 30, 2013, 06:58:42 AM
I should really be completing assignments, but these threads are rather fun.

I have a question, I thought that you could not delete posts in an auction thread... So this means the GPU was being sold outside the allocated space for such deals.

Am I wrong?
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