Just don't get your hopes up too much. They do reject a lot of IPO's.

Another alternative is to-do the IPO here and prove your "Klyemined" and then request a IPO at a later date on BTCT with maybe a second round released. (This would also allow previous shareholders to trade their original shares on the exchage)

But you may need to prove you can mine and pay a dividend first.

Online, I am.

This is true.

Agreed agreed agreed.

Pay Lew like a professional company should, dump that original site and start making this company look like the Apple of miners.

But its not going to happen, we are a "12 year old with photoshop" type of company. Professionalism only exists for backend stuff and engineering, all that front end stuff and marketing? Nah! That don't matter! I'm a engineer god dammit!

Online.

Good luck Klye.

Why not create a btct asset?
https://btct.co/create

Yes its a bad idea. For a 3% penalty they should be pool mining, because every difficulty they miss they are never ever getting back.

In fact they should be pool mining all the way up to 20th/s.

OMG!!!!?!?! I just got a PM from Labcoin:

From the sounds of it Ken does not care about the shareholders and doesn't think marketing will have a place to play selling hardware.

Some people just don't realize that things other than specs matter, sometimes well designed websites sell hardware.

I study engineering and even I realize the importance of a good looking website.

Also sounds like Ken has a bit of a ego going on, which is probably going to tank the price to 0 eventually.

Backing up a wallet generated by the official "satoshi" bitcoin client onto paper is hard, because you have to export each private key [1]

Also with the official "satoshi" bitcoin client when you generate a new address another change address is created in a hidden key pool. In short you are meant to create a new backup of the new generated keys when this happens. (also you are meant to backup the wallet from the satoshi client everytime you create a new address to receive coins)

Also when backing up a private key, take the address from the client and check that addresses balance on http://blockchain.info/ because the official "satoshi" bitcoin client keeps some of your coins in hidden addresses that might not be obvious.

Do you want a solution to this mess? Use a deterministic wallet where all the keys in the wallet are all generated from a seed key. Two wallets offer this functionality, https://bitcoinarmory.com/ and http://electrum.org/seed.html

This is the difference, if you have a thousand addresses in your wallet file, with the satoshi client you would have to export every key and print them all out. (Or send all the coins to a single address and export that key) However with Armory and Electrum you only need to backup the seed, this seed can hold millions of keys. Far more secure.

[1] - https://bitcointalk.org/index.php?topic=168957.msg1757503#msg1757503

Perhaps and perhaps not. We don't know what risk Coinlenders has because TF has not had a negative run so far. What happens then? Also wagered might be more or might be less than 5,000. I have a feeling that the first few weeks will be really good for them. But this type of investment is long so I am not sure what to think. Its got a higher edge than JD so will it survive in the long run?

Anyone else have any opinions?

Also if anyone is interested. A wagered of 5,000 btc per day will return 25% - 27% per year to the investors.

1000 ltc to be held for a loan of 17.5 btc.

This is a mark up of 120%

I request the loan for 1 month.

Is this possible?

Of course I will pay all fees (I will send 1000 ltc + the fee that is required for you to send it back, in addition I will also send you 17.5001 btc after the loan to compensate for the fee paid when sending me the initial 17.5 btc)

EDIT: Once I return the 17.5001 btc I will receive back the 1000 ltc? (I am asking incase this is a trick where you send me back the market value of Litecoins in a month)

- If you don't trust anyone then don't go gambling on dice sites.

- The site is not fishing for free bitcents from new players, we make more than enough just being invested and letting the gamblers play their game.

- If after two hours your start spreading FUD then dooglus has full right to post what he has to clear his name.

- If you want privacy, don't blow up like that. Only 2 hours until blowing up? Not cool.

- If you want to know why this happened learn about the cookie based account system on JD, if you then set a user name up or set up a secret link then the cookie no longer matters.

- If you have to post on the forum, at least post in such a way that you want a issue resolved. Not in the accusing JD of stealing your bitcents way. Thats kinda low.

What market will the shares be traded after IPO? I suggest BTCT

Will the second round be at a higher price?

So they only raised 5,000 Bitcoin from the IPO? Damn I thought we had more invested than Labcoin (7,000 Bitcoin invested)


But if the IPO was 0.0005 then demanding 0.003 return by mid year is not really fair.

I can understand the bitbet if ActiveMining's IPO was 0.01 or something like that. But if the shares at IPO were really so cheap then I can't see why 0.003 means return on investment. Even now if you buy a share at 0.003 and in 3 years you end up with 0.0025 in dividends, thats still 25% a year return.

Also, what happens after the 0.0025 dividend is paid? Does the company get to start taking a dividend too?

And we have a winner! Ding ding ding!

After Prism we started to hear lots of stories coming from two sides.

Side 1) We need to start using crypto in everything now! Secure all the things! (This is us, the geeks)

Side 2) Oh fudge if people start securing everything the future is going to be very dark indeed. Very dark because our capturing data centers will be redundant. (This is the NSA)

If the NSA had really broken core cryptographic functions they would be neutral on people using encryption as it wouldn't matter. They would stay in the dark like they always do. Just watching us.

However instead we started to get FUD all over the place about encryption. I remember reading that the government recommended people not to use encryption because it would mean the NSA would keep your data forever, and when that didn't work they started to give hints that all this encryption is useless anyway.

This is what they want people to think, that its all broken so why waste your time? Just go back to using closed source please.

If there is something they have done, that is they are "cheating" in that they are compromising many communication lines, certificates and closed source software.

NSA most likely have access to gmail, skype, perhaps even windows backdoors.

This is a campaign of FUD from the government.

EDIT: I think SSL is compromised because they rely on certificates which is trivial for the NSA to acquire.

What was the IPO for ActiveMining, I can't find it anywhere.

I thought that the IPO was 0.0025 in which case 0.003 by march marks over 200% per year returns on IPO.

If the IPO was 0.0025 and then we can expect 100% return in 3 years. Thats a good investment.

I am wrong if the IPO was a lot higher than 0.0025

towtoad had a bankroll of 7,000 btc and won 4,000 more from just dice.

So he won 4,000 from just dice and is using that money to invest here.