By creating many abbreviations and symbols, the speaker can seem more intelligent when they are asked to explain what their symbols mean. Its shifts position of power in an argument to the person who knows what all the symbols mean.

Using language everyone can understand would create too much of an equal footing, especially when most internet arguments/discussions are really weak.

I looked on 796 and CryptoStocks but no Labcoin, how are you guys buying and selling?

Not sure if this has been suggested yet, but how about a system where old coins evaporate over immense periods of time?

So after 100 years 0.1% of the unmoved coins start to evaporate and becomes miners fee.

If you don't want evaporated coins, move them at least once every 100 years. This means over a long enough time line we stick with 21 million coins.

Peoples mistakes (lost coins) become another incentive to mine. Note that only large time scales will be fair, this system takes hundreds of years to erode away even a bit of value.

But taking old coins completely within 100 years? Pure theft, plain and simple.

And 1 year? Whoa that is madness, 1 year is nothing.

Actually 15% a year is still impressive.

Damn you still get those emails? Don't people ever give up?

Well I think its early days before we start talking about acceptable and unacceptable rates of return, the site should be 40,000 bitcoin up but its not. If Nakowa comes back to gamble it will be negative again.

Dooglus, what is the rate of return for that investor that invested since the beginning? Probably works out to 3% a year.

Then that is an issue, Ken needs to pay just under 0.0025 to 10,000,000 shares before he starts earning on his 15,000,000 shares. Will the current batch be enough to earn more than 0.0025? Most likely not. Thats why we need reinvestment.

I think the idea is that Ken must put a decent amount of money back into R&D every week just to keep the hash rate percentage the same. How effective this is depends on if that reinvested money is enough to keep us going.

If we just get these chips and send all profits to investors then the shelf life of the eASIC hardware is about 2 months absolute max before they are bricks.

Difficulty change is between 25% - 35% every two weeks.

He just says so much stupid!

I really need to learn to leave him alone.

I'm not telling people to buy, in fact when people ask I tell them its a terrible buy. I am being honest.

Back to the facts, many companies are registered in various offshore countries and this is not an abnormal thing to do.

The point I am trying to make is whilst Active Mining has some really bad things going for it, the registered in Belize is not one of them and you are being a troll bringing that up over and over again.

The more stupid things you say, the less effect your words have.

This is one of your worst arguments, I know someone that has a successful manufacturing business registered in Belize and based in Malaysia. This is not an uncommon thing to do.

Actually your beloved icedrill is also doomed. Troll.

I don't think waiting 3 months for miners from September 19th is a fast turnaround, the eASIC deal has been ongoing for a while. So actually the turnaround is more like 5 - 6 months. Its a shame this is being considered fast.

With 60% loss in profits per month, well its a little too depressing to think about actually.

I was under the impression that the process had started long before September 19th and that when Ken wrote that he did not mean from that point we have to wait 3 months.

If so this is severely unfortunate. Hopefully the sample chips can offer a decent hash rate.

Nothing matters until we have chips from eASIC and we put them on boards and get those boards hashing. This is the only thing that matters.

If we don't get the chips soon this company is worth nothing.

The million dollars has to be returned if we cannot deliver the machines anyway, Ken said this himself. So if we don't hash this share hits 0.

The reason that the price is so low is that most investors do not believe we will hash in time, and they may be right.

EDIT: And I am quite heavily invested, if we do not hash in time I will lose a lot. And when I say in time, I mean if we keep delaying each month reduces our potential profits by over 60% If we can't hash in November this company is out for good.

I remember Ken saying it was pledged with no commitment, I can't find exactly where he said that though.

EDIT: its not worth it, JJBTCSeller, please go away from the internets.

Well Greg cannot, unless he uses another account and in any case we could not tell it was Greg's fund.

So for Greg's purpose he can not run an anonymous hedge fund whilst we know it was his.

Unfortunately running a fund where the participants are anonymous is not going to survive very long, especially from a UK based financial fund manager.

Bitcoin is anonymous, running a hedge fund is not.