This seemed counter-intuitive at first, but makes good sense. The whole point is to use them as a stop-gap and try to get going again after as fast as possible.

IPO: The biggest flaw that I haven't seen addressed is that there's no incentive to get in early. No discount, no dividend, nothing. As well anyone who doesn't want to wait can sell into your wall at 0.125, or into anyone else's wall at 0.12500001 which is also below your wall. The laws of economics make your security a hard sell right now.

That being said, you have a great plan for what to do after all the shares are sold; you have a solid start on GPUs that can be resold later, and a clear plan to transition into ASIC as available.

My biggest complaint is the 20% "Founders Stake." While I realize that you're putting capital and time forward to setup, manage, and run the IPO, inventory, insurance, and growth. Your plan ends up with you owning $12,000 worth of ASIC for free. Assuming 50x difficulty and 25 BTC block reward you may end up with 600 BTC annually. If the rig runs at 1.5KW and you pay $0.15 USD for your electricity you stand to make $500 USD monthly if bitcoins trade at $10/BTC (Obviously everything would be in local currency though).

Pool: I'd suggest P2Pool with at least some of the GPUs, for large enough miners it provides low variance and comes with zero fees. BFL's FPGAs have been known to not play well with P2Pool, but hopefully this won't be a problem with the new generation of products.

Caveat emptor: The block reward is halving soon and the difficulty is going to shoot up when ASICs come out, both predicted before year's end. This isn't something the security operator can control, but it's something to be aware of.

Also, while you're paying 0.15 to get 20MH/s post-ASIC, dividends are based on half that. That will cause the immediate returns seen by investors to look smaller.

Well, as far as prototypes go, do you have any silicon back yet that's testable on your end? Even a rough mock-up just for testing the wafer layout. Let us know what the specs on that are and if/how they're expected to change for production items.

If it's the difference between October and November ship dates, can I just request sooner rather than later?

Also, as long as pre-orders have been open, it'd be nice to see BFL shipping before competitors 

My guess is that he prefers to use the forums. I believe there is a link from site to here.

Congrats. Hopefully you get more interest for the IPO than this thread did. I feel like you've just been answering all my questions. Though you've certainly been a good sport about that.

Good Luck!

From what I've seen of pirate's posts, getting interest from him isn't a rock solid bet. That being said, passing on whatever he gets plus the respective interest (minus the stated cut per week) would be a good show (I am writing this entirely without regard to the contract, just good show).

Are you one of the mining farms using some source of cheap or free electricity? Some I know are on hydroelectric or solar and can mine even on GPUs for free. In that case it's less worry since electricity costs are negated, speed of any sort all weighs in the same.

I wonder if it's easier for Obsi to pay out 1% every day so he can just copy and paste the message xD No complaints by any means though.

For all the noise about Goat not complying, afaik Brendio (who runs BIB.PIRATE and FOO.PPPPT) is still on vacation and my not even have any idea about what's going on (I've at least not heard from him in the threads for either security).

Just an excuse to strong-arm the god-emperor who can do no wrong, Goat. (That should get peanut_n going)
(I haven't held any BOND-P since before the mess, I do hold some FOO.PPPPT though).

I was already thinking this could be the next step. I'd say that's pretty tame. Deactivating their accounts for spamming this forum in the wrong places, that would be aggressive. They're not in this thread for content or anything of the sort, they're here to spam with links where it's just relevant enough to qualify as NotSpam^TM.

Might these posts still qualify if they're no longer part of the thread's conversation? At which point they could be reported in good faith and hopefully removed. I'm sure none of them are posting in good faith at this point.

tl;dr; - They're obviously not participating in discussion about pyramining, they're spamming with links. Which is both against forum and pyramining rules.

Hey everyone, try doing it this way:
To sign up on pyramining under me click here. Or pm me for a fresh link.

As much as anyone he was an industry expert, mining is what he was working on before he worked with BFL. He was also involved with the community so I expect that BFL were hoping to buy a little goodwill as well, or at least some insight. He also said he worked next door previously. So from everything I know it sounds like a great fit, and that it should be working well for all parties involved. I can't fault anyone for that.

I just felt like giving him a hard time 

I would be very disappointed if that crap worked on GLBSE, I'm glad to see no one posted anything but annoyance at the spam. (Also, maybe there's a use for a "Report spam" Button?)

There are definitely things that can be done to improve security, but as with any patch Nefario has to be careful to make sure any patch he applies doesn't introduce a security vulnerability, even if it's a security patch. During/after that he has to make sure that the site remains functional; a patch that helps keep other people from hijacking your session may make it harder for you to use your session, which would certainly annoy a great many users.

I'm sure he's hard at work on something, though I can't say for sure what (It may still be features other than security enhancements, there are plenty of people yelling for those too)

Quite amusing xD

For the sake of clarity. A pool operator working at the one place currently developing ASICs. And it would certainly be unfair to let his pool suddenly have a huge advantage by switching to ASICs first.

I was figuring that other people had confirmed on irc that they had received full (at least face value) on their deposits.

This is why I (and I'm sure others) trust you, you worry about doing right by your investors and don't want to screw anyone. Here's hoping you find a good solution though

Any word on how much is being paid back? I assume in full at this point (if everyone's gettining excited about it)?

Thanks for the input and thread changes pyramining, hopefully this thread cleans up on it's own. If it doesn't you might just be able to lock recreate this thread, pull over any important posts manually and resuming business as usual.

For other people worrying about putting links in your sigs (or hell, even one at the end of a useful post) I'd suggest it, like a tip address, if you like the post, support the poster.

I like the idea for the new referral links. What about one of the revenue generating CAPTCHAs that everyone hates doing? Make a little cash for the site and you can get extra (three or four instead of one or two, or a higher limit on current ones)?

Plenty of threads on this already, including more than a couple posts in the GLBSE features thread created by Nefario. There are usually more complains about the bid for 100,000 shares for 0.00000001 People place shit orders and then the wonderful graph that should mean something doesn't all of the sudden.