Well I personally don't really care who leaves and who comes on board. Whenever people ask the question "Do I buy ActiveMining now?" I always respond with "I hold a lot of ActiveMining and suggest you do not buy any shares, this was a bad decision I made that has a very small chance of paying off"

Anyway, the share price until any real announcement about eASIC is irrelevant. I have stopped buying a long time ago and will simply see this through to December. It might all head to zero, however nothing anyone says and does in the thread will make a difference. Like I have said over and over again to everyone, even the cheerleaders, is that the miners from eASIC are the only thing that matters and its because of Ken's silence that the thread grows into a mess of camp "Ken is a scammer!" vs the camp "ActiveMining is the next best thing!"

I guess if both camps stopped warring together it would kill the entertainment value of the thread, which is a little depressing actually. My investment is now all about the laughs.

Not to be defensive or anything, but some of your posts like that one are a little silly. If you re-worded the post to be less hostile and refrained from publishing images with your text I think it would have been able to stay up.


This is asking to be removed.^^^



Perhaps saying:

Now that should not get deleted (I might be wrong)

Hey Ken. Why don't you price the cryptostock shares to a several day average of the bitfunder price?

So if the average for the last 3 days was 0.0006 update the cryptostocks price to match, and in another 3 days do the same again.

This will stop you from profiting off people that want to move their shares of Bitfunder and then people will stop calling you a scammer.

Crumbs, how could someone game the price? I am genuinely curious. If there are ~600,000 shares for 0.001 BTC that would mean manipulation is impossible until the giant sell wall is gone.

I have a question, if Ken or someone with the answer could please reply I would be very happy!

Does Ken pay for the first batch after the prototypes are delivered? Or is everything paid for and Ken just has to say yes after the prototypes are received to get the production going?

HashFast.

Hehe, I thought I was going mad!

Oh that makes sense, thanks!

Ken, we really need these eASIC chips! What the hell is going on?

Sorry for being offtopic, but I am not sure how my link didn't work and this one did? They are exactly the same, is this a joke on me or something? :p

Anyway, is it safe to have so much Bitcoin in one single address?

They got to his main stash of Bitcoins.

http://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/

And this is the address they have moved them too, now the largest single address on the network!

https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

Why all this discussion about 300GH/s - 400GH/s?

I am hoping that we get the prototype miner online hashing at several TH/s before we even get this old "Klondike" board.

This will not solve anything, enough people (myself included) have called VE out on what he said. The authorities can't do much. To press charges you would have to travel* and file a complaint in the correct jurisdiction. I don't think you will do that, especially when he can build a strong defence involving emotional stress due to the performance of the stock and the fact that the phrase "hope he dies" does not constitute anything serious like "I will kill you".

You might win, I doubt it. Are you ready for the expense? (hint: you cannot sit back and file suit or a criminal complaint from your desk to anywhere in the world and then expect the "authorities" to pay for and push your case through. You are going to need a lawyer)

This is a lot of hassle, it's far easier to tell VE he is being a dick.

*Omit travel if you are going to pay for a lawyer local to VE's place of residence.

I assume that Ken meant 9 weeks from that post and not 9 weeks since NRE was paid. I was under the impression that it takes a lot longer than 9 weeks to develop and manufacture an ASIC from the day one.


To be fair Ken has been very quiet about timelines and key details of delivery so its not hard to make conclusions that may be incorrect. In a knowledge vacuum it is all to easy to arrive at a faulty assumption.

A concerned investor that has a rough idea the current timelines based on the first post Ken made in this thread.


This means the first chip will be here last week of November (Look at Kens post date)

So I was actually wrong, the prototype will be online in 4 weeks minimum.

Like I said, unless otherwise stated, the prototype will be another 2 weeks.

Thanks

Upper bound hashrate around the current time : 4,000,000,000 MH/s

If all the miners were 300 MH/s GPU's this would equal 13 million miners [1] that would equal 0.0018% of the world population.[2]

In reality I have pushed those numbers to the absolute unrealistic extreme and because one ASIC can hash a hundred or even a thousand times faster than a GPU the percent of world's population hashing is going to be a lot lower (Also I assume one miner per person pushing the percent up even more)

So its between 0% and 0.0018% 0.18%

Interestingly if everyone on Earth shared the mining we would each hash at 1/2 MH/s (Half a megahash each)

[1] (4,000,000,000 MH/s / 300 MH/s = 13,333,333.33)

[2] (13,000,000 / 7,100,000,000 = 0.001830985915493)

EDIT: Thanks to Danny for fixing math errors.

If we had a prototype it would be hashing on our account where the current avalons are hashing, as this would inspire shareholder confidence.

Unfortunately we are still 2 weeks away from the first prototype.

I will use ActM as an example;

If this new law existed right now and allowed Ken the freedom to register ActM on a kickstarter style exchange, I see no issues with this. The regulation makes sure Ken is not lying and scamming, but the regulation does not do much about companies failing.

For example, ActM is not a scam but rather a failing company because they underestimated the difficulty increases that have occurred. Nothing about ActM has been illegal in the hypothetical universe where the US is not so stiff about mini exchanges listing small companies with public facing stock.

If the US starts to allow these "indie" exchanges and allow small companies to easily and legally list their stock, ActM could even move onto one of them. In fact many Bitcoin investments will be legitimized in the near future.