When it comes to asic mining hardware manufacturers secrecy is the normIn other news, KNCminer officially calls it quits for delivering any product to customers and goes for 20% of network through self mining and asks for more investment cash. |
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Number one reason price is floating sideways and no one is ready for choo? Uncertainty over regulation in the US. There is uncertainty right now because of bitlicense and once that uncertainty is solved there will be a bigger rush to claim a piece of the blockchain for the larger players. Even if that news is largely perceived as negative, at least it will be settled and that will provide confidence. There is a critical mass of adoption eventually where it won't really matter and centralized regulation will be impossible. Until we get there, this is the way it needs to play out. http://www.forbes.com/sites/michaelbobelian/2014/10/21/will-us-regulations-threaten-americas-technological-edge-in-virtual-currencies/On second thought. Maybe it is just son of a bitch dumpers and traders manipulating everything. All the damn time!  |
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"First Global Credit Customer Service Ltd., the UK based service division of the company, announced today that they have signed an agreement to work with London based financial industry expert DATAFORT to manage business continuity services for the company. First Global Credit, which allows people to use their Bitcoins as collateral to invest in mainstream stocks and stock markets, has done this as part of an ongoing plan to improve the level of service and security they provide their customers" http://www.prweb.com/releases/2014/10/prweb12260207.htmlol bitcoin as collateral? if we keep the private keys.. how are they suppose to get them? and please dont tell me just because we signed some shitty piece of paper. XD Either they keep them, or it's multi-sig where keys are needed from both parties to move the coins. Either way it's a way to hold your bitcoins while you risk that value on wall street. Oh great. Mind you, there will be lots of folks happy to do it. |
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"First Global Credit Customer Service Ltd., the UK based service division of the company, announced today that they have signed an agreement to work with London based financial industry expert DATAFORT to manage business continuity services for the company. First Global Credit, which allows people to use their Bitcoins as collateral to invest in mainstream stocks and stock markets, has done this as part of an ongoing plan to improve the level of service and security they provide their customers" http://www.prweb.com/releases/2014/10/prweb12260207.htm |
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No one seems willing to dump to cause price drop as all recent attempts have been denied with strong support. Then again, the needed spark of a mini whale buy doesn't seem to be happening either. Sideways and slightly up on low volume we go 'till someone bites the bits.
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Don't dis the Rocket :p
Nevar! We're just taking the scenic route  |
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 It's a slow train but we can just call it rocket anyway |
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I would describe that as an overview of bitcoin and the blockchain. It only bears repeating because most people still don't get it. They are too focused on short term price action and miss the big picture. |
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...
Bit stamp is currently at 410. Ssh.
408, but who's counting? Fiat's worthless  Fiat's not worthless, but it is worth less considering it's tanked against the Bitcoin for 5+ years now. The greater trend since inception (if we want to talk about timelines) is logarithmic up. Bitcoin is following a pattern like every other greater trend that happened to catch on to mainstream acceptance. A smaller group of hardcore enthusiasts that seem like cultists to everyone else because of the passion they exhibit are a crucial feature that precedes every trend I have ever seen or been a part of. Serial detractors are every bit as obsessed with bitcoin as the supporters are and spend large amounts of time churning through the forums. Critics and skeptics serve a necessary purpose to help build it so it works better or to head off unforeseen potential problems. Hyperbitcoinization is well under way.  |
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1 poll closed
[policy change] create 5000 seats to eliminate NASTY MINING debt
no: 1443 (23.1%)
yes: 4808 (76.9%)
abstain: 18749
RESULT: 5000 SEATS WILL BE CREATED TO ELIMINATE NASTY MINING DEBT
OgNasty: Please send a list of nastyfans members to issue new seats for. Also please confirm that this action eliminates all NASTY MINING debt.
That was close, talk about being on the edge of your seat @ Squirrel Dearing I believe 400$ is the fiat price for pre order on the 5oz coins. Funny enough, that is pretty much what a BTC costs right now. |
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Anyone order lamb chops?
Yes, that is on the menu tonight with beet greens and a nice spaghetti squash. |
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OK, so maybe they want to off load some risk or find some suckers who will pay more than it's worth. Pure nonsense  Isnt that the essence of AM's business model (and that of every other asic vendor) ? No, it's yours and Bitfury's. AM is still operating on the profits they earned from the capital they raised from IPO and have already paid shareholders 6x what they invested. That's the difference. |
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You don't ask for even more investment money unless you have already spent what you had and now are pretty much broke.
Thats nonsense. In one of my previous startups we would regularly issue shares to VCs even though we had more money in the bank than we knew what to do with. There are countless reasons to get investor funds, not in the least if investors are willing to pay more for a share of the business than you think its worth. Or if you want cash up front and off load (part of) the risk. OK, so maybe they want to off load some risk or find some suckers who will pay more than it's worth. Pure nonsense |
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You don't ask for even more investment money unless you have already spent what you had and now are pretty much broke.
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