Ian is ripping me off. Here's the scam accusation thread. Please weigh in there: https://bitcointalk.org/index.php?topic=133362.0I did not know that Ian was also under fire for other stuff like misrepresenting shareholder votes. But, if he owns shares he bought legally (there's no way he bought 50% of his company though) then he should have the right to vote. Unless he is using stolen/free/issued/unpaid-for shares to act against the best interests of paying shareholders... In that case please post whatever you have to the scam accusation thread above. You and Ian obviously have some history going back to GLBSE, I'm loathe to delve into all that, but I will read your post. Here he's simply voted with maintenance shares that plainly had no vote, and ironically on a motion that would have passed anyway. The problem is the precedent that it's set, since at any time he can create a motion and pass it without shareholders even having a voice. Nobody has an issue with Ian voting his own 20% + whatever he's purchased however he pleases, but the 30% of shares reserved for maintenance do not get to negate a paying shareholder's vote. I'm not prepared to call him a scammer, I still hope he'll do the right thing. I'm just surprised he's beating down his own company's market cap and spooking his shareholders over something so easily rectified. Ian, create a motion that would require maintenance shares be returned to treasury prior to shareholder votes. If it passes write it into the contract and I'll feel better about holding Bakewell shares long term and I'm sure others would as well. Alternatively you could offer to do away with maintenance shares altogether and simply withhold a portion of dividends to pay expenses, the effect would be the same, but the risk of you overriding shareholder votes with a 50% +1 vote would be removed. |
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crash + burn
*shrug* Usagi has nothing left to sell. They dumped 430 shares onto the market at a loss to tank my shares and make me look bad. A few hundred after the motion and the last hundred just after they posted a scammer thread about me. Bad news, then tank shares, and you all come into my thread screaming... Now they claim they never had the shares, so it looks like they pocketed some money, left BMF holding the bag, and can now come rant against me. w/e, Usagi can go kick rocks and BAKEWELL is still up and running fine. Enjoy the cheap shares, even with the 10% bonus you can not get them from BAKEWELL for less than .135 The people who picked up the dumps will sell around .125 and make a 100% profit, good for them. The rest of you will need to wait for those to sell in order to see prices stabilize in the proper trading range. No answer then? I don't care if usagi has it in for you, I care that I'm a shareholder with no voting rights. I've been buying cheap shares because I hoped you'd address this problem and make it right and the share price would stablilize at higher levels. IOW I thought the selling was over done, but this issue must be addressed. |
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I understand that, I'm just concerned that the way this is structured will prevent Rome from ever being built.
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Thanks for responding.
I'm always interested in new cryptos, this one is interesting enough to inspire conversation, but I'm not interested in being penalized for holding them.
Then don't hold big quantities for long and you won't suffer any penalty. That shouldn't be an obstacle for accepting them as payment in your business (if you have one). You can sell them for bitcoins, other currency or just spend them as soon as you receive them.You mean if/when there's an exchange set up that accepts them and if/when there's a way to spend them and something to spend them on? |
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Actually creativex, if you ever sold shares on GLBSE it could have been you that sold the shares to him... Well that rules me out then.  |
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In the long term cold storage of freicoins is a losing proposition, but for now it makes sense. Freicoin's value will be speculative until an economy develops around it. ...but doesn't the development of an economy built around FRC's depend on capital formation? Yes. Assuming by capital you mean production goods as opposed to monetary tokens. How that's incompatible with the currency. Doesn't this system encourage those that wish to use FRC's as currency to treat them like hot potatoes and dump them for something that's not taxed?
To treat them as the medium of exchange only. For example, they will prefer to invest on producing goods (capital) rather than holding freicoins. But before that, forget about taxation, this is a p2p currency, not a coercive goverment. Freicoin demurrage fees are as close to "taxes" as bitcoin transaction fees are. Again, it sounds like fiat currency...tell me where I'm wrong.
It's hard to tell from what you've said...The most accepted definition of fiat money is "whose circulation is enforce by law". Since this is a voluntary currency it is clearly not fiat. I assume you're equating demurrage with money printing. Apart from representing a transfer of value, money printing does little to maintain velocity during "bad times". They keep on creting bigger and bigger quantities while each time the effect on velocity is lower. They have the limit in zero artificial interest rates and despite what they say they can't destroy money back (reduce central bank's balance sheet) as fast as they've created it when velocity starts accelerating again, when all those previously idle piles of cash flow to the market again and threaten with hyperinflation. When I say "artificial zero rates" I mean they're unnatural for everlasting money and can be only achieved by manipulating the financial market through an institution that can virtually eat infinite losses such as a central bank. Silvio Gesell predicted the collapse of paper money without demurrage when it was just starting. Either the money managers accept the deflationary cycle or they will destroy their currency by hyperinflation: http://www.community-exchange.org/docs/Gesell/en/neo/part3/13.htmIn certain sense he also predicted the Ron Paul/goldbug movement in this sentence in which he refers to a global fiat system without demurrage (basically what we have since Nixon): "A reform of this kind would be short-lived and would bring the possibility of the greatest fraud ever practised upon mankind. After such an attempt at reform the people, as in the past, would believe that their salvation lay in the gold standard and would clamour for its re-introduction." I hope this helps. While I would recommend you to read the whole book (skipping the first to parts on free/land if you want), don't hesitate to make "hard questions": we'll try to answer the best we can. Thanks for responding. I'm always interested in new cryptos, this one is interesting enough to inspire conversation, but I'm not interested in being penalized for holding them. |
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In the long term cold storage of freicoins is a losing proposition, but for now it makes sense. Freicoin's value will be speculative until an economy develops around it. ...but doesn't the development of an economy built around FRC's depend on capital formation? Doesn't this system encourage those that wish to use FRC's as currency to treat them like hot potatoes and dump them for something that's not taxed? Again, it sounds like fiat currency...tell me where I'm wrong. |
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hi i am not an adult yet and therefore i can't go to a notary to notarize my signature. I have more then 200 Contracts, so what should i do? Please contact Quentin at qpage@mylawyr.com for assistance. I will also bring this up when I speak with him this week. You told a child that bought shares from YOU to contact your lawyer for assistance claiming them? Did I read that right? |
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crash + burn
ian would you please address the controlling interest issue that's been raised? This is clearly a weight dragging down the share price.
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Nice. TYVM indeed.  |
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PSSSST CreativeX... I hate to break this to you (because apparently you didn't know)... but all rational people base their opinions on evidence (and the intelligent ones change their opinion based on that evidence if it is warranted).
The fact that you just admitted that you don't require evidence to formulate an opinion explains pretty much everything about you at this point. Thank you for finally clearing up how you can be so irrational in the face of evidence to the contrary. Ah. Thanks for helping a brother out! Umm...do you happen to have an opinion about religion by chance? ...and if so what is it based on? ...also by your definition there should never be such a thing as a dissenting opinion, yet these exist at the highest levels. So tell me are supreme court justices that review evidence, but arrive at a dissenting opinion irrational in your...ummm opinion? What did you base that assessment on? |
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I'm having a little trouble with the contract as posted on BTC-TC is it incomplete? There's a lot of talk about equipment maintenance, but there doesn't appear to be any equipment currently listed on the website, is that an error? I guess the fundamental problem I have is that I've no idea what buying a share of BTC-Mining means. Is there an asset list somewhere that I missed?
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@ CreativeX Do you believe this thread to be unique? Take a look at this in Josh's own playground: https://forums.butterflylabs.com/pre-sales-questions/569-wafers-timelines-transparency.html------------------- His eagerness to call us trolls might slip one day when he calls his own customers trolls for asking virtually the same. (minus the warehouse topic) (actually I recall he has already called his own customers trolls or trollish quite a few times already) Does the BFL rep really enjoy spending his time this way? I think he is just trying to put out the fire with thee most futile of attempts. Not at all, I just don't frequent BFL's boards save to click on the occasional link posted here. I don't believe they've "missed" multiple shipping dates at all...that would merely imply incompetence. What evidence do you have for this belief? None, why would I require evidence to formulate an opinion? lol HAHAHA you caught that too, did you? I think we have just found out why CreativeX is so irrational. I think that might be my new signature. Happy to entertain.  Perhaps you fellas have a different definition of the word "opinion" than I do? o·pin·ion [uh-pin-yuh n] noun 1.a belief or judgment that rests on grounds insufficient to produce complete certainty. 2.a personal view, attitude, or appraisal. 3.the formal expression of a professional judgment: to ask for a second medical opinion. 4.Law. the formal statement by a judge or court of the reasoning and the principles of law used in reaching a decision of a case. 5.a judgment or estimate of a person or thing with respect to character, merit, etc.: to forfeit someone's good opinion. Synonyms 1. persuasion, notion, idea, impression. Opinion, sentiment, view are terms for one's conclusion about something. An opinion is a belief or judgment that falls short of absolute conviction, certainty, or positive knowledge; it is a conclusion that certain facts, ideas, etc., are probably true or likely to prove so: political opinions; an opinion about art; In my opinion this is true. Sentiment (usually pl. ) refers to a rather fixed conviction, usually based on feeling or emotion rather than reasoning: These are my sentiments. View is an estimate of something, an intellectual judgment, a critical survey based on a mental examination, particularly of a public matter: views on governmental planning. http://dictionary.reference.com/browse/opinion?s=tOthers? |
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I don't believe they've "missed" multiple shipping dates at all...that would merely imply incompetence. What evidence do you have for this belief? None, why would I require evidence to formulate an opinion? Did you expect me to break into BFL's office to obtain secret information that they knew they were unprepared to ship long before they announced as much? When someone says to me they'll do this or that and they fail to deliver, I consider their credibility to be diminished. If they say they will do this or that a second and third time and fail to deliver again and again then I tend to consider them incompetent or dishonest. In this particular case BFL has not only failed to deliver multiple times but has released conflicting descriptions of the causes of those failures and pinned the blame on an unnamed entity(the evil fab). Yet BFL chose that fab, their customers did not, again this is either incompetence or dishonesty. The same company that couldn't seem to get their shipping dates or power consumption specs right on their FPGA products is now experiencing multiple unexpected delays with their ASIC products after reassuring customers that this would not happen this time. To say BFL reps lack credibility at this juncture is a jumbo understatement. |
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Now you're just being stupid. Missing multiple shipping dates does not imply a scam. That's your opinion and you're welcome to it. I don't believe they've "missed" multiple shipping dates at all...that would merely imply incompetence. |
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BECAUSE BFL MISGUIDED ALMOST THE ENTIRE COMMUNITY TO PRE-ORDER FROM THEM BECAUSE THEY THOUGHT THEY WOULD BE THE FIRST TO SHIP.
No, the " misguided" scammed ones are those who thought a new self proclaimed experienced ASIC design company would meet their first second third shipping estimate on their first ASIC product. FTFY. |
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The irony is that you've benefited me as well Mr. Z. If you weren't such a...character(edited for Xmas) then I'd have ordered from BFL and I too would be waiting till after all the honest manufacturers shipped for an ASIC product. Also by deceiving so many with your bogus "scheduled shipments" BFLism(scam) you've tied their funds up so they won't be hashing for months, which lowers ROI for those that ordered from your competition. There you go again, lying to make your point. That's really the only way you CAN make your point, because the truth of the matter, when actually spelled out is kind of anticlimactic. Every other ASIC manufacturer has also had delays. No one has shipped, yet you can somehow make the above statement. Heh... I challenge you to make a point without lying once. Every post you make taking a shot at BFL in the past month has included at least one lie in it... so lets see you take a shot without resorting to a lie to bolster your argument. Please be so kind as to point out the lie. If you're referring to my OPINION that Avalon and BTCFPGA will ship before BFL then that's clearly not a lie as it's my opinion...but then a self proclaimed genius like you should know the difference. Or perhaps you meant that you didn't actually "schedule shipments" in October? BTW please point out the lie in every post I've made in the past month in which I've mentioned BFL or you just lied. Gee that was easy. |
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Umm...you're suggesting that people are mining what's most profitable at any given time? How heinous. Definitely  I'm one of those that mines LTC when the difficulty gets re-adjusted lower, but I do not exchange them for BTC. I instead send them directly to my LTC-GLOBAL account.
That's exactly what I used to do as well..but after accounting for exchange fees and energy used, I'd make just as much mining straight Bitcoins. I've calculated LTC mining to be as high as 66% more profitable than BTC mining for short bursts since BTCs reward halving. I don't know what your power rates are, how you're configuring your miners, or where/how you're converting cryptos, but it seems you're doing something wrong. Whether it's worth the hassle is debatable, but it's plainly more profitable to mine LTC when difficulty drops to the mid twenties. |
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In Austria we call this time of the year, around Christmas, "die stade Zeit" (the quiet time). We meet family and friends, spend some quality time together.
Scanning through the forums it seems Inaba post 3x as much as usual. Which made me think: Does he have no one to talk to in real life? Facebook is your friend.  |
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