The sooner you worrywarts sell up and fuck off, the better. I swear anyone would think the American Dream is dead given the doom and hopelessness that accompanies many of the posts in this thread.
A lot of you sit there mouthing off criticism after criticism when some of us are making a real effort to crunch some numbers and invite discussion so that we can come to a better understanding of where we are at.
So unless you intend on hanging around and benefitting from the success of this company might I suggest you button it, sell up and leave quietly and let the rest of us get on with things.
I'm all for inviting discussion. You only want discussion that ignores any faults and plans for the extreme best. It is not practical. List some faults that I have ignored. Then explain why the moment VE posts anything you instantly do a follow up post expressing your support. 55nm chips meeting ROI. 28nm chips meeting ROI. The speculation you guys come up with hinges on BTC price. This is not a smart way of investing your money or running a business. This business needs to be able to see profit even if BTC doesn't go up 5 fold, and needs to be able to stay in the black if BTC goes down 5 fold. You guys don't account for that in any of your estimates and you guys know that we would be deep in the red if you did. @ The Ve Comment. I take everyone on this thread at face value, I argued and agreed with Pankkake and Crumbs and VE and You and Stuark and Ken and FFS and Everyone else. I don't care if the rest of the thread (including me) calls them/you a troll, a cheerleader, an idiot. It does not matter, I've stated before I don't ignore anyone and I read as many comments as possible. I'm not here to block out people I don't like, I'm here to check on my investment and make sure I understand exactly where we are at, where we are going, and what obstacles are in our way. This seems to be elude a lot of people on this thread. If someone makes a good point, I'm going to agree with it no matter who makes it. |
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The sooner you worrywarts sell up and fuck off, the better. I swear anyone would think the American Dream is dead given the doom and hopelessness that accompanies many of the posts in this thread.
A lot of you sit there mouthing off criticism after criticism when some of us are making a real effort to crunch some numbers and invite discussion so that we can come to a better understanding of where we are at.
So unless you intend on hanging around and benefitting from the success of this company might I suggest you button it, sell up and leave quietly and let the rest of us get on with things.
I'm all for inviting discussion. You only want discussion that ignores any faults and plans for the extreme best. It is not practical. |
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What did Ken get from eASIC for the $1 million he gave them, which he got from selling shares? What's happened to the shareholders $1 million?
That's probably still a part of a undergoing contract with eAsic. It's not like we dropped them cold turkey or vice versa right? They are working on our 28nm full custom chip right? |
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Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up.
The desirability of any chip is not based on it's clock speed but on it's value on the MH/s/$ scale (with GH/W being important) You could bring out a 8nm ASIC but if it costs 500% more than a 28nm chip but only does 150% more hashing then no-one will buy it. Our 55nm just needs to be cheap, if they are they will sell. No unicorns need to be employed in this venture. Are they going to be cheap though? You have no idea. You guys make estimates on the most vague Ideas. Ken can come on here and ONLY say "Don't worry guys I have a plan" and you guys will be on here an hour later with strategic planning, estimates of ROI, share value, and an info graphic and some pie charts with the title "We're gonna be Rich!" and "To the Moon!". ...and then "you other guys" come with nothing except "you're all doomed", "Ken's a cheat" and "Unicorns and Rainbows" so w/e. Thankfully I fall in neither category. I'm a realist, I think this company will pay off for me but I'm not gonna cheer lead it all the way to the finish line. I'm going to scrutinize all the bullshit that hits this fan. You can ask anyone here, have I said "Fuck this company is gonna fail, omg were doomed."? Nope, check my entire post history. |
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Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up.
The desirability of any chip is not based on it's clock speed but on it's value on the MH/s/$ scale (with GH/W being important) You could bring out a 8nm ASIC but if it costs 500% more than a 28nm chip but only does 150% more hashing then no-one will buy it. Our 55nm just needs to be cheap, if they are they will sell. No unicorns need to be employed in this venture. Are they going to be cheap though? You have no idea. You guys make estimates on the most vague Ideas. Ken can come on here and ONLY say "Don't worry guys I have a plan" and you guys will be on here an hour later with strategic planning, estimates of ROI, share value, and an info graphic and some pie charts with the title "We're gonna be Rich!" and "To the Moon!". |
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The only way our 55nm chips have a chance of selling out is if we peg the price to a fiat value (which Ken actually does) and then the price of BTC soars through the roof
I don't think so. They need to be priced competitively to the other alternatives on the market, that's all. If BTC goes through the roof, it does so for everyone and all chips rise by the same desirability factor. Unless you are talking about market supply running out because of high BTC and the resulting high demand for any hashable chip creating business. Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up. "some rich idiots" are rare. Usually wealth is kept pretty well by those who know how to use a calculator.. Yup I know they are, that's why I said "if we want to add fantasy." These delusions by the usual trio need to be a little more grounded. |
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The only way our 55nm chips have a chance of selling out is if we peg the price to a fiat value (which Ken actually does) and then the price of BTC soars through the roof
I don't think so. They need to be priced competitively to the other alternatives on the market, that's all. If BTC goes through the roof, it does so for everyone and all chips rise by the same desirability factor. Unless you are talking about market supply running out because of high BTC and the resulting high demand for any hashable chip creating business. Yes I am talking about market supply running out because of high BTC and the resulting high demand. That is our best (only) bet for selling our 55nm chips realistically speaking. Now if we want to add fantasy and unicorns and stuff then hell we might have some rich idiot buy all our chips for 200% Mark up. |
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Your writing style and verbiage are exactly the same.
Who cares if they are the same person. Their grandiose dreams are not reality at the moment. The only way our 55nm chips have a chance of selling out is if we peg the price to a fiat value (which Ken actually does) and then the price of BTC soars through the roof (the past market developments don't predict future market developments). BTC could crash before it goes sky high and ACTM could fail completely and be broke once that crash hits for all we know. |
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You will not collect 106 BTC from CryptoTrade in a year.
That's a strange conclusion. I guess you mean you don't think there will be enough volume on CT because today it is dead? Well, buyers follow the market. In other words, if ACtM start making 100Mill USD pa then CT will quickly get very busy. Right... if and when that happens. But you are looking at at least a couple months form now. You will be lucky to see .5 BTC per day volume on there until then. Nope you'll see more. There are some delusional people in here willing to buy for quite a bit > .0005 and there are plenty of people looking to sell. |
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You will not collect 106 BTC from CryptoTrade in a year.
That's a strange conclusion. I guess you mean you don't think there will be enough volume on CT because today it is dead? Well, buyers follow the market. In other words, if ACtM start making 100Mill USD pa then CT will quickly get very busy. Now would be a decent time to get some Crypto Trade Shares. The transaction fees and therefore the dividends will definitely be much higher once ACTM gets on there. - I know this off topic, my apologies. But anyways, yeah I think we'll see huge sell blocks pop up with some buying around > .002 - .001 and we will possibly (most likely) go down to .0005. I doubt shares will see .004+ (if that) Until Ken's next big update. |
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Ken would have to notify any other registered parties that Ukyo owes money to about this sale of the assets, and would have to distribute any proceeds over and above what is owed to them.
We are in a grey area as you have indicated. Little in the BTC industry operates within the letter of the law as it is currently written. The action Ken is taking is within the spirit of the law - that which is the underlying intention. That intention is that an individual or company can hold the assets of a debtor and sell them to recover their losses if the debtor does not or can not pay up. That is as far as you can go. You are implying that Ukyo could take Ken to court but what legislation would he use? The shares he will claim to own are not registered securities, the BTC he used to buy them is not a legally recognised currency, the exchange he set up was not registered etc etc. Do you see the problem? In other words if Ken can't do X because the legislation does not appply then Ukyo cannot do Y (bring him to court) because the legislation does not apply. At the end of the day common sense needs to be applied in any Grey Area. So I would maintain that Ken is doing the right thing. Actually, it isn't in the spirit of the law. Construction liens and garage owners liens are designed to protect tradesmen who invest time, materials and money into your house/car/etc. If they do that and you don't pay them for the work, they are able to put a lien on that item. Even then, there are specific ways they have to go about resolving the lien. If you don't pay your roofer he can't put a lien on your car or cottage, and a garage owner can't put a lien on your house if he worked on your car. If you refuse to pay your roofer after you get shingles installed and he takes your car until you pay him, both he and everyone else who might be owed money on the car have every reason to go after you. I have no idea what sort of corporation/LLC/entity Ukyo's businesses were registered as, but Ken seizing and selling the ActM shares to cover the We-Ex debt, besides being somewhat morally suspect, is almost certainly not legal. Are the shares owned by Ukyo owned by Bitfunder, Ukyo personally, or We-Ex? It isn't a inconsequential difference if you're seizing them to pay the We-Exchange debt. Regardless of your opinion on the matter, you can't just seize Ukyo's shares if a limited liability corporation that Ukyo is a principal of owes you money. Ukyo was in IRC and I believe said he personally owned ActM Shares. I'm pretty sure Ukyo is aware of what Ken is doing and agreed to it possibly reluctantly (Although it would be nice for him to confirm this) I don't recall him agreeing at all. I actually remember him saying what Ken is doing is blatantly wrong and illegal. He said something along the lines of his personal shares of ACTM have nothing to do with the Bitfunder/Weexchange issue and Ken can't just take them from him. |
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Aren't these shares part of the original 10,000,000?
of course they are. Yup they are Ukyo's shares. |
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Something seems kind of rotten about allowing the CEO to be first in line to sell shares to ready buyers. That pushes the price down for us. The fair move would have been to just destroy the shares, then the vale distribution to shareholders would be automatic. So if this wasn't the move Ken made, then what exactly is he funding now?
Completely agree with the bolded line. Every share should have been on the exchange before any buying or selling took place. Ken should have then (if he must) sell the shares for the market value. Not these premium Pump values. |
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Pump or not, Wednesdays are going to add a new dimension to things and it's only really Ken that can issue news which ultimately will move the price way beyond the limited effects of shareholder speculation. I foresee this 28nm chip news to have an enormous effect on share price and this puts the potential 'sellers' in quite a predicament because we haven't got a clue when we will get the details and subsequent developmental updates.
Edit: is that a word minerpart?
Clearly every new investor in this company has insider information about how this company is on the launch pad to shoot for the moon (which is totally bogus), So Ken might be the only person to issue verified news but the pump and dumping is omnipresent. |
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Does anyone know if the 53.86 btc in that blockchain link account for all divs owed to date?
They are. |
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I think trading should be disabled until Divs are paid out. Imho. |
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For the same reason that you put your own $5 bill in your tip jar. Ahh thank you. That makes far more sense. |
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Ukyo default runs away.
People owned money and shareholders of his loan sue Ken.
Ken is dragged to courts and what not.
Ken is pretty much one man operation and if he gets into this spiral actm is going to get hurt.
I understand your worry but I don't see how people owed money by Ukyo could take Ken to court. Ken has passed this with his lawyers and he has the widely recognised legal concept of lien on his side. He can claim Ukyo's assets as that is based on Ken's loss via Ukyo's handling/mishandling of Ken's funds. Banks do this sort of thing everyday when they re-poses your house or car and sell it to get their mortgage-lend back. While that is written into your mortgage contract, any such clause is based on the laws and precedents relating to the practice of lien. We're not pressed for money to continue the operation at this point right? No reason to be so rash and impulsive about this. Ken should take his time, talk to lawyers and Ukyo and work something out that doesn't hit some sort of illegal grey area like this. |
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Is 2.5W for 1.9GH/s at the chip level, or the estimated draw at the wall?
Estimated draw at the wall means estimation? I think its an estimate as the chips were just tape-out or w/e yesterday. |
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