There is no need to pledge personal coins for features, AM has plenty revenue coming in, and a team of demonstrably intelligent people mapping out their future.

I would personally pledge 1 btc towards a fund to produce an official storefront / website.  We are shareholders after all, no reason we have to put this burden on friedcat.

I propose we setup an address with John K. to serve as a website fund.  We then put out a RFP for one of the many bitcoin enthusiast html geeks to produce an official site endorsed by friedcat.

Features it should have:
1) Hosting of the official shareholder list with tools to make managing share purchases easier for freidcat (i'm thinking an existing shareholder could post his auction and the results could (with approval) transfer share ownership)
2) An official storefront for the masses to purchase upcoming ASIC hardware.
3) A Built in voting mechanism.  It should be easier for friedcat to propose something and receive shareholder feedback.
4) ??

That's very difficult to determine because the upsides and downsides are so big here. Obviously, unless you somehow trade options and futures, you can't lose more than your investment, which is a likely scenario if the chips fail. On the other hand, even slight delays in shipping from BFL and Avalon (or others) can lead to a massive upside that isn't even remotely priced into the share price at the moment.

Even my analysis doesn't account for the possibility that BFL or Avalon remains off the market for a long time. We know they are shipping _something_ but we don't have any real numbers and don't know the long-term feasibility of their deliveries. Someone may be excused for speculating that neither of those vendors will not deliver by October, in which case the current share price is a steal.

Of course, if Bitfury comes back tomorrow and says "Sorry, we messed up and the chips don't work" then the current price, or any price, is a complete loss.

.b

 Seconded. I send packages to Canada quite frequently, and have learned that the USPS is far less of a hassle, and much cheaper than either UPS or Fedex.

I feel like I'm stating the obvious, but given the above quoted exchange, it needs to be said: you need to factor in risk. The project could still fail to deliver expected outcomes.

If you are going to go the route of forcefully removing funds from user's accounts (which I would highly suggest against), make sure it is well published and that there is very transparent listing of what the amount is for each individual (even if its just a private lookup), and that there is plenty of forewarning.

Take the example of NoTroll.in, where the admin decided, due to a software bug, to go around and just remove funds from user's accounts with no warning, then publishing the reasoning afterwards. This led to a very serious backlash against the admin AND his service, and ultimately led to user's abandoning it in droves to the point that it shut down. This is definitely not the kind of thing you want happening to yourself, earning such a major blackspot on your record, by forcefully going around and removing funds.

The proper response is probably a hybrid of options offered here: When the problem is ultimately discovered as to source, whether user error or software error, both sides decide on an option in which TAT.ASICMINER is resolved. One of a couple options will probably present themselves.

Option A: TAT.ASICMINER puts dividends on hold for next week, as was suggested. (And make sure the reasoning for this is well announced ahead of time)
Option B: TAT and Burnside opt to collaborate to refund TAT.ASICMINER the funds (13.84 BTC) that were accidentally disbursed. This is a prime example of why an insurance of some sort needs to exist, to provide for errors such as this. If an insurance does not exist, then probably a withholding of profit or mandatory payment from one or both parties involved, in which each party puts in some money to refund the issue, perhaps even in a scheduled payment plan.
Option C: Combine Option B and also request voluntary payback of dividend. Record payback.

(I personally would suggest an announcement that Option A has been chosen, with the reasoning clearly stated. Another possibility would be, rather than flat out putting the dividend on hold, to pay out at a reduced rate... ie pay at 50 percent normal dividend for 2 weeks, or 75 percent dividend for one month. This is not the most ideal solution, as due to increased shares week over week, holding back 50 percent each of two weeks would probably come out to even more than the original overpayment was... But it is an option.)

Again, I would VERY HIGHLY suggest against a one-sided clawback of funds, as that is not a very good image for publicity.

FWIW I once bought twice the amount by clicking 'buy' button twice. Apparently it DOES NOT detect double form submission.

Actually, it could well be that none of these two make sense.

- "A glitch" is not precise enough to know whose fault it is. Not necessarily Burnside's. Anyone as experienced and careful as TAT can make mistakes sometimes. By example submitting divs payment, ending up on a blank page and reload the page. Just an example of course, but it could happen to anyone, it's human !
- Deducting the amount makes sense only if btct has been designed and tested to handle negative balances. And believe me, this kind of software, these kind of pieces of code, have to be very thoroughly tested. You cannot just think "well, it works great for $a >= 0, and $a are floats, so -$a is certainly correctly handled. Any rounding error, negative unsafe division, negative unsafe condition... anything could go wrong if it wasn't designed and tested specifically for this use case. And we don't want burnside to lose a lot of btc because of a sneaky bug.

Anyway, I'll follow TAT closely and reimburse my divs happily, he's doing great and I wish him and burnside the best in this issue !

Great news again. Keep the great work going friedcat/AsicMiner! Awesome job!

I don't think Amir Taaki will be invited again soon :-) He was embarrassing and wasn't able to answer questions in a good way (who cares about his sister?).

Glad Daniel was there to save the day...

Artificially inflating the numbers seems like it would draw even more backlash.

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week. 

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

I'm wondering, do you read Russian or use Google Translate? Anyway, your dedication to Bitcoin is stunning - you follow forum in foreign language just in order to not miss any opportunity in this field. Awesome, man. I'm sure you'll catch your luck. And I like your signature!

Just to change the subject (or maybe not  ), the estimated total AM hashrate is now 23.71THash (a record) and climbing. I presume this means that the power and LAN issues have been resolved?

https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=14

Network percentage is about 27.25% (has been as high as 29% before).

Happy hashing.

осталось - ~5% :-) Если совсем сверху :-)))))))) Насчет почему так много написал - ну вопросы-же сами задавали, в чем сложности с платой - почему ее нельзя вот так шлеп и все :-) может материалы еще полезны кому будут

I believe you are wrong, because we know that these other shares will be issued later on so it is just the same as if they were issued now. You assume that they will dilute existing shares, which would correspond to a price drop if this were the case, but then nobody would buy now expecting a price drop soon. These shares already exist and are for sale at 0.25, 0.3 ... (as is listed on the IPO paper) just we cant see them now as the owner is holding them.