Only $600 for a Bachelors Degree? Damn..I think I might have overpaid at $60k for mine  |
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We're getting way ahead of ourselves, but an online store accepting only Bitcoins will have a number of advantages over a store still having to accept legacy payment methods.  Very true. Sometimes I think it helps to "dream big" Yes, prices are updated dynamically but only when there is movement in the markets so that prices (hopefully) aren't constantly changing on you as you shop.
I figured that would probably be the case. Thanks for the update. Oh, and if you add some "sour" based candies to the Candy section I'll surely make a few purchases  |
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Very cool, glad something like this has finally come around. Keep adding products and soon you'll be the "Amazon" of Bitcoins ..unless Amazon starts accepting Bitcoins, in which case you'll have some fierce competition. Are the prices dynamically updated based on current Bitcoin/USD prices? |
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At current rates and the state of the order book on Mt. Gox, it would take ~170,000 BTC to take us down under $10.00 - anyone doing this would net an average price of ~$19.61, which would be a total value of $3,333,700.
Why anyone would want to cash out 3.3 Million is an exercise left up to the reader, but I'd classify this as being pretty remote.
Why dump it all at once? If they sold 1,000 bitcoins a day at $25 they'd pull in $4.25 million...which from my perspective is quite a bit better than a measly $3.33 million (a lot is being assumed in this situation, but still...) Maybe they're willing to sacrifice a million because they don't want to wait an extra 169 days? ..meh, who knows.. |
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10/04/2012 10043 N 1 0 0 0 - Swapper
12/29/2012 15639 Y 0 0 1 0 - Swapper
02/20/2013 100016727 N 0 1 0 0 - Swapper
They apparently changed their order number scheme? Could be..or maybe someone finally wrote a script to create thousands of false orders to skew their numbering scheme haha |
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So what happens when they can't ship out any actually products that actually work?
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Oh the irony...doctorate of science from a Theological Seminary |
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I was told in PM that they didn't have any problems with manufacturing.
Only with clearing customs because the CNY was on top of them.
And clearly you believe everything you're told..  |
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Just because you backed the BFL horse doesn't give anyone a blank-check to bash competitors with snide comments on any whem.
HA! You must be new here based on that statement  And besides, not one ASIC company knows what they're doing...doesn't matter if it's BFL, Avalon, bASIC (clearly), or ASICMiner. They're all making it up as they go along since there's no set of rules as to how these devices should look or run, or how you should treat your customers either. I only backed BFL because they were (and still are, in my opinion) the most logical investment. Slow down and take a deep breath, Dalkore. |
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But they need the pre-order funds to continue......I'll support if someone knows what they're doing.
You realize this is the BFL thread and not the Avalon one, right? |
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How many verification points out of 17 do you think will be necessary to secure a first time loan on there?
If you're serious about getting a loan, and paying it back, then maxing out our score is the best possible scenario for you to get a loan. Anything less than that you're certainly going to have a difficult time. When I invest in people there, the first thing I look for is how much they're willing to divulge about themselves and why they need the loan, not necessarily how many times they've created a loan and paid it back. |
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If you're looking to establish yourself and grab a loan, you may want to look into BTCJam - https://btcjam.com/On top of that, the next most important thing would be detail. Why do you need a loan...why can't you go to a bank...who are you...etc, etc. |
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..it is not possible since the only place that can now be called a bitcoin stock market is ran by some weird elitist egomaniac..
It seems you've been out of the Bitcoin securities loop if you think MPEx is the only exchange  ...and don't forget the delusional PR rep as well |
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Is KorbInvestments.com site down? Maybe it is a President's Day server issue.
I am interested in reading some docs before my next buy in.
Hmm, it does appear that I'm down. Thanks for point that out, I'll check up on it and see what's up. EDIT: It's the whole webs.com network that's down, so no worries. When they're back up, I'll be back up. EDIT #2: Back up and working as normal. |
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Strange, you must have scripting disabled.
Anyhow, this is the current top-20 at ozco.in:
Actually the problem is that the page is loaded under SSL (https) and it tries to load non-secure (http) content from google jsapi (which in this should get blocked by browser, as it claims to be secure but it is not). So one gets the chart if allows this misbehavior. This ^^ On a topic related note, does anyone know if this user was attributed to ASICMiner or anyone else? I noticed it dropped by 100GH/s but started increasing again...figured it might be a burn in? |
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People aren't investing for the 12 TH/s they have now. That would be like me claiming people investing in your mining company are investing for the ZERO TH/s you have now.
Ha, touché The investment is for the long-term value. Where I disagree with you (and I KNOW we disagree - as you wouldn't have started your company if you agreed) is that I believe in the medium to long-term only companies with a significant edge of some kind will be able to make a profit from BTC mining. That's because the barrier to entry to mining is so low that all the time it's profitable to do, more people will keep getting in. And even when it becomes unprofitable more will STILL come in - those doing it for fun, those with an inability to do math and those running mining companies who take a cut of revenue and pass the losses on to investors.
Manufacturing your own ASICs is about the biggest such edge possible - when hardware costs 10% of what it costs competitors you have a massive advantage. Add to that Chinese power/labour costs and you have a company that there's just no way the likes of you can compete against - they can mine profitably long after you're making a loss.
I think the majority of the valuation comes from the fact that profits (and dividends along with it) are going to enormous until both Avalon and BFL kick it into gear, combined with the long term prospects (assuming ASICMiner continues to develop more advanced hardware as the years go on). That said, I still agree with you on pretty much all the points made..and I, personally, value long term investments quite a bit more. But I do know most Bitcoin investors tend to have a short attention span, which is why I kept my company's mining fund more on the medium term ..the security that starts after the bond holders are paid back is the long term part of my company Anyway, I digressed. TL;DR - I see the points made, and although I agree that they add value I am still wary about the price tag for such a valuation. Thanks for laying it out there, Deprived |
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Yes, mods can still delete posts in this section. Please use the 'report to moderators' option next time to inform us.
Ah, sounds good. Thanks John. Well anyway, back to the original question: Goat, why are you offering them at .38 when they were originally purchased at .1? What makes these 2000 shares so special that they require a 380% markup?
My auction is still running in another thread and ASICMINER shares are currently going for 0.44BTC each, so please allow me to take the ball and answer your question. When friedcat offered participation in his venture 6+ months ago, this was not more than a bet whether he could compete with the established players. Assume at that times you invested money in ASICMINER, BFL, Avalon and bASIC equally to diversify your risk. Today, ASICMINER won the race (ok, Avalon delivered first, but not to us mortals) and that's why you are asked to pay 300% risk surcharge - thats what you pay to someone else taking the risk for you. Right, I understand that...but that's surely not the only aspect going into this evaluation? At 12TH/s (their starting projection before ramping up to 50TH/s or more), it's 30MH/s per share (400,000 shares). These 2000 shares up for offer are worth 60GH/s...in August 2012 (at IPO price of .1BTC), it was worth 200BTC, or $2,000 (at roughly $10 per BTC back then). So now you're telling me that 6 months of risk (and BTC rallying) has resulted in $2,000 in shares suddenly becoming worth $20,500? [2000 shares x .38BTC minimum valuation x $27 USD/BTC] Even at 50TH/s, it's only 125MH/s per share...2000 of which would result in 250GH/s. In my mind, I simply can't justify how that could be worth a minimum of 760 Bitcoins, even when factoring in risk... Clearly there's something I'm missing...or maybe people bidding for these shares haven't done their math yet? |
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This is a Auctions thread. You can't edit posts. And moderators can't do it too, I think... Oh..oops, sorry for all the posts. Meant to edit my first one, but it appears the "edit" button is missing... Mods, feel free to delete this post and the one before it with just the quote. Ha, yeah so I noticed Well anyway, back to the original question: Goat, why are you offering them at .38 when they were originally purchased at .1? What makes these 2000 shares so special that they require a 380% markup? |
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