I don't think yours is a "conspiracy theory", but like conspiracy theories, this approach presumes that there is some powerful group, or at least a loose association of people at the helm of the regulation, who are steering the course of BTC in a way that favors their stakeholders - banks, paypal, Western Union, etc. I think that the truth is actually more terrifying: the regulation is rudderless. There is nobody and no particular group of people at the helm.
Centralized money-printing sets the course of the economy, and of the government that depends upon it. The direction is towards centralization and control. It isn't a "conspiracy theory". Ben Bernanke gives regular press conferences. It's the entire reason Bitcoin even exists. This +1,000 US Government is acting beyond stupid, as usual. Let's them shut down the Bitcoin Foundation. Then they can declare "war" to a p2p protocol. That's gonna be funny, I'm waiting. |
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I think people forget a few of things and are generally impatient;
1) Sweden is GMT +1, and people need to sleep, even if they are up at 4am and finish whenever...
2) Sam and Andreas handle ALL the admin currently themselves. That's liasing with lawyers, accountants, manufacturers, logistics, Swedish gov whilst keeping on top of ORSoC's contribution. That's a hell of a juggling act. They aren't just glued to the forum or email. Whilst they have a number to call and they do answer, that number is specific to customers, they have separate numbers for the production side obviously, and that takes precident clearly.
3) They have patient families, so cut them some slack. Wives and kids, that prob only see them briefly, if at all daily currently.
4) You won't get to email the ORSoC side, they are kept completely separate from the customers and generic admin crap. Some Q's like the ones I recently sent on behalf of 'Brontosaurus' need to be cleared and answered by ORSoC. If it gives away any competitive advantage, they won't answer publicly, not at this early stage in the game, and despite your impatience, if you are a genuine customer and not a competitor trolling, you wouldn't want them to either, so take assurance on the fact they are a real engineering firm with ASIC pros who know what they are doing, and know what they can and cannot answer right now.
5) They are not hiding anything, they are as transparent as possible, just understandably damn busy as you well want them to be, so chill! This week there is more info!
You may remember that I wrote a couple of times about my main concern being their ability to scale. The fact that only two persons are handling such a huge and time-sensitive project from the administrative and customer service side confirms my concerns. I hope they can have the proper team to manage all the stages of this project, otherwise there will be problems. |
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Watch this one closely, people. Unlike other recent FinCEN guidance and regulatory comments, and law enforcement actions, this action from California does not fit the facts nor existing US law.
This simply shows a misunderstanding of what bitcoin is.
tl;dr: California thinks Bitcoin Foundation "runs bitcoin."
LOL, that's SO retarded is almost unbelievable. First thing I thought they heard about the Bitcoin Foundation having an Avalon Batch #1 and thus they are considered a MSB as per the latest FinCEN guidelines, in any case the true reasons must be the most retarded one... And now I see that it has to be that Califormia thinks BF "runs Bitcoin", nothing more retarded than that. America, you never stop surprising me  |
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can someone explain why they should be a money transmitter? Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway. The central point of contact? Pretty absurdly abstract reason to label them as a MSB A potent PR move, if nothing else. But there is any specific reasons of why they are "transmitting money" in the document? Can't read it all now. |
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Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies. To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that? It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles. Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-RequestsSeems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides. Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA. Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox. Why before it hits Gox? Because normally all the pump&dump scam coins raise before they hit the exchanges, to fall hard as soon as they hit it. I guess everybody buys on the news this or that scam coin will hit an exchange (normally BTC-e), and then everybody immediately dumps it, as all the "investors" are only after the quick buck... It *may* be different for LTC and Gox, as this exchange has a huge user base that might never use the their exchanges where LTC is traded, and LTC community is orders of magnitude bigger compared to the other coins, but I'm not going to take that risk with the majority of my holdings... Just with a tiny fraction that I will hold for the lulz. I'm assuming people will buy like crazy when there will be an official ETA to Gox, and in my book that's the best time to sell, when everybody is buying enthusiastically and bullishly. |
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can someone explain why they should be a money transmitter? Because they have created an org that is a central point of contact for money transmission businesses. Remember that whole "centralization is evil" thing? Well they did it anyway. The central point of contact? Pretty absurdly abstract reason to label them as a MSB |
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can someone explain why they should be a money transmitter? Because they got an Avalon batch #1, thus they are mining? No joke, this is the only activity they "do" that could make them a MSB following the twisted FinCEN regulation, but that reason is so retarded (obviously mining is not THE BF business) that I cannot believe it. |
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I would also add that scam coins are pretty profitable, but so far only decided to put significant money in LTC (some thousands of it) and XRPs (a few hundred thousands), tried a little bit of PPC but sold after 2 days with a small profit. It was too prone to continuos pumped ump.
My exit strategy for LTC is very clear (before Gox), on the contrary I'm not sure about XRP, I'm already sitting on a 50% profit and I'm wondering if I should sell now and forget about it or if I should hold it long term and see what happens with Ripple when it exits the beta stage. In any case I'm aware of the fact Ripple is a scam and I may lose everything I've invested in it, in any case it was a gamble with money I definitely can afford to lose. LTC already paid for all the money I could potentially lose with XRP.
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Litecoin's alltime high versus Bitcoin of 0.0449 translates into a valuation of 17.96% of BTC market cap, equating Bitcoin's and Litecoin's eventual 21 million and 84 million supplies. To reach this high again and maintain it, the market would have to believe that Litecoin will surpass/replace Bitcoin, because even if you grant Litecoin the function of a "backup" or "silver" complement, its valuation would be far lower. Do you really want to place your bets on that? It's simple, all the scamcoins burn out in an eventual peak that they will never again surpass. They are actual bubbles. Bring it, though. Pump and dump it HARD. The other scamcoins are already standing in line, they too want a piece of the action: https://support.mtgox.com/forums/20514198-Featured-RequestsSeems Blightcoins are valued at 11.64% of Bitcoin right now. Good luck to anyone holding that bag once the hype subsides. Petty much agree, bought LTC at roughly 0.0025 and planning to dump 90% of my remaining holdings at aprox. 0.03 or higher, which I guess will happen after Gox announces official ETA. Already cashed out a big chunk between 0.019 and 0.025, as I said earlier I will just keep a few hundreds of LTC to dump them on Gox regardless of the price, only for the lulz honestly as I expect the best time to dump will be shortly before LTC hits Gox. |
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I'm guessing LTC price will be very likely plummet as soon as it's traded on Gox, which is what happens as soon as a new scam coin is accepted on exchanges.
Too much profit for all those that invested in LTC in March or earlier. I know I will dump 90% of my LTC holdings shortly before it's traded on Gox, with a x10 profit or higher
I will just keep a few hundreds to dump em Gox for the lulz.
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I guess you know TSMC has a very standard lead time of 8 to 12 weeks from order to delivery, depending on both the characteristics of your order and their current workload.
If thats true it wouldnt be good because the first batches turned to chips ordered 5 weeks after paying. That would mean avalon couldnt keep his delivery window of 9-10 weeks. Unfortunately it looks like there will be delays as usual, lead time for sample chips was 4 weeks and for those who ordered on April, 16th they arrived one month late. Then, official lead time for the chips was 8 to 10 weeks, so the chips for the very first orders should arrive next week, which is very unlikely IMO. The thing is... the miners were delivered later because of production problems of the miners. I dont see why something like that could apply to the chips. True, but a fact remains: sample chips were one month late for all those who ordered in Mid April, Avalon doubled the advertised lead time (4 weeks became 8 weeks) |
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I guess you know TSMC has a very standard lead time of 8 to 12 weeks from order to delivery, depending on both the characteristics of your order and their current workload.
If thats true it wouldnt be good because the first batches turned to chips ordered 5 weeks after paying. That would mean avalon couldnt keep his delivery window of 9-10 weeks. Unfortunately it looks like there will be delays as usual, lead time for sample chips was 4 weeks and for those who ordered on April, 16th they arrived one month late. Then, official lead time for the chips was 8 to 10 weeks, so the chips for the very first orders should arrive next week, which is very unlikely IMO. |
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Can't write comments on bitbet.us site... It would be great if they're copy this as well in comments... Sent payouts: http://bitbet.us/bet/450/bitfurys-asic-will-work-with-power-1/DATE (2013-06-19 02:08:28) FOR BLOCKCHAIN LOOKUPS: BET OUTGOING WALLET PAID AMOUNT (WIN) 0.1 1CvadbWnVotoUhrrepxEGqESakmuqHtwnE 0.2 1.0 1NxPnXyN4XmxjysUxLXVXgNGFhYCEGFASV 1.9 10.0 19d6exSEyAPDXLLe3W3ucexpVXUABFeFsy 18.6 1.0 1HP9pTD9ueGYnkEA7Wj7D4SBCesTxXVsNb 1.9 0.044 1GnK5jZxzhFnKCu2yu89XP2JKvBME1em6A 0.1 5.0 16dQP7Nr1irruUTAbiiwYgNB7jQ8NpEVQ3 9.3 1.0 1DEVgggHwKngXf6YSn8ZNBvESTzCDiQWE2 1.9 0.002 1MoaWWXfSFWv6wYpKJEQiRjkmn8gHKBieK 0.1 0.052 19XHbghMRS9HhvWMoKhW8zKFYBSLVz69gB 0.1 4.0 1FzPgqnBrkBZanZwHaAmnd5wRxeDarwr9b 7.4 0.5 1CUanrri8gqXnU8e6bP2Tq8j2DSeBt5Tym 0.9 27.0 1MXf4cFD7EETFQEqD7QdLHbJeGVZfLnbaV 50.2 1.0 1DUv9KXp5CVaEdjvwg5GRUEZ5AhPVy8mnV 1.9 1.5 17xHzsvibCp9SKHParBaHVNZ5yykcjiRTk 2.8 0.05 13ZCqhVuvGL5RqF8WhUdiSFKDScZLZ7Jcz 0.1 0.01 1JCKtVk5W2LVsJiSHGXAcHeRMbZW6RXDAf 0.1 6 13X6T4iGWNHwPstvda7J1XDHbdiugio3j9 11.2 +1 impressive It is too bad you don't sell your products to the rest of the world though... you allow lucky Russian citizens to charge huge mark ups for customers wanting to buy your product in the rest of the world. If they are going to ship worldwide for a profit, why not charge more and ship worldwide yourselves? I would have bought some units, but honestly I didn't want to order through some sketchy Jr. member. I trust you Bitfury, but not some random person that is reselling your units for profit... This. |
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Offtopic:
Wow, LTC is considered a Scam coin?
Isn't Scrypt Jane an added feature, Designed for ASIC resistance , it makes sure even any disruptive tech doesnt have as significant effect on the network as that is seen on BTC. Since people have put so much of money into ASICs BTC can't adopt Scrypt.
Scrypt is not ASIC resistant at all. FYI: it was supposed to be GPU resistant too, and LTC FPGAs are being developed right now. That said, LTC was very good to me and made me make a lot of money. But, it has nothing fundamentally different compared to BTC, Scrypt was a nice idea (ASICs are indeed a threat for crypto coins IMO) but a failed one. Theres just no easy way to be ASIC resistant, in fact it may be impossible. LTC is just a BTC clone, thus calling it a "scam coin" is pretty accurate IMO. |
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Probably not important for you, but it is for me.
Chill out dude, we've got thousands riding on this too. Take a deep breath and worry about something else. (Or are you planning to execute your own chip order today? Why would you make such a large purchase so long after the chips were announced?) Of course I want to, thats why I am so anxious. I did not have any money earlier on. I have now. If all the chips are being manufactured together, then I would order Avalon. If its in batches, and I am looking at a September delivery, then I would invest in KNC. It is FAR more likely Avalon will deliver in one batch than KNC will deliver before December. Source for your speculation? Care to explain why Avalon should deliver at the same time one order placed TODAY and one placed on April, 16th? I guess you know TSMC has a very standard lead time of 8 to 12 weeks from order to delivery, depending on both the characteristics of your order and their current workload. Why Avalon should be waiting for OP's chips to send the order to TSMC? Or maybe you are implying that Avalon just ordered chips in excess to accommodate later orders with a timely delivery? Very unlikely, they never said they would do that. |
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Even S3052 has become a Scamcoin supporter. How disappointing.  Blightcoin certainly won't go to 100 before Bitcoin goes to 2000. This. |
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The craigslist ad of Frederik Dansk is a SCAM
Just check the ridiculous pictures.
Probably anonymous temporary is the scammer itself.
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Para muchos ( no me incluyo  ), 40BTC es calderilla. Aunque te lo puedas permitir, gastarte 40BTC en un minero que te va a dar menos de la mitad (siendo extremadamente optimistas) en toda su vida útil no tiene sentido. Sí, claro, para revenderlo... Pero me parece arriesgado, tengo la impresión de que los tontos (o llamémoslos ansiosos o desinformados) se van a acabar antes o después. Ojo que puedo estar equivocado, en este mundo del BTC no deja de sorprenderme la cantidad de gente que hay dispuesta a tirar su dinero al water. |
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los que vendían las herramientas son los que se llevan el gato al agua. Los que minamos si encontramos dos pepitas ya podemos estar contentos, pero es que esta gente (ASICMiner, AVALON, etc) está sentada encima de un filón de oro
Siempre ha sido así, uno no se "forra" minando, y si lo hace es porque el cambio BTC/EUR sube, pero en ese caso le hubiera sido igual o más rentable comprar BTC con el dinero destinado a comprar mineros. Luego hay notables excepciones, como las que han vivido los accionistas de ASICMiner o los afortunados propietarios de uno (o varios) de los 300 Avalon batch #1 que existen, pero esa ventana de tiempo en la que minar con ASIC fue tremendamente rentable ya se ha cerrado. Los únicos que siempre sacan y siempre sacarán un buen pellizco de la minería son los operadores que venden "bonos", que se pagan el 100% de la instalación con el dinero de sus inversores, y luego sacan un buen pellizco (normalmente el 10%) de todo lo generado por la instalación, lo que inevitablemente deja en pérdidas a los inversores. Si buscas en el foro verás que se ha perdido mucho más en "bonos de minería" que en los timos de pirateat40 y Bitconica juntos, verás que salvo ASICMiner y otro par de excepciones ese tipo de operaciones SIEMPRE han dado rentabilidad negativa a sus inversores, pero la gente sigue invirtiendo porque aunque pongan 1 y recuperen 0.6 están participando en una actividad que tiene un atractivo especial (la minería) y de la cual no podrían participar de otra forma, y sobre todo porque la gente no entiende cómo funciona el negocio y se deja cegar por cálculos demasiado optimistas. Por último, aún estamos en un momento en el que hay gente dispuesta a pagar 40BTC por 13GH/s... Pero créeme que lo hacen por desconocimiento, esto es como el juego de la patata caliente, alguno se va a quemar. |
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Cute.
The correct price is what people will pay.
I'm not buying at this price because I expect the price will drop a lot.
It also depends on how many they can produce. They claim to be able to churn out thousands quick. I'd buy 2 at 2BTC, maybe 50 at 1BTC and the 300 batch at 0.5BTC. So, depending on how much are their production costs, they might be maximising profits at cheaper prices rather than at more expensive prices. Of course, it also depends on the demand from everybody else. It's not just me. At 2BTC it's hardly profitable if at all, people would get a few just for the novelty and to be able to say they're mining. But at a competitive price they'd sell many thousands in no time. So, can they really produce tens of thousands per month? if so, then 2BTC is not a good pricing as they will only sell a fraction of that. Just wait and see. Maybe they really cannot produce so many. It's pretty obvious to me they have a limited production capacity, if they could spit out quickly hundreds of thousands of those they would have to price them "more reasonably" to sell them out. |
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