Bitcoin Forum
July 05, 2024, 12:01:40 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 [38] 39 40 41 42 »
741  Economy / Auctions / Re: Auction of 400 shares of ASICMINER on: May 19, 2013, 04:41:00 AM
75 @ 1.88
742  Alternate cryptocurrencies / Altcoin Discussion / Re: new ripple giveaway? where? on: May 18, 2013, 03:37:07 AM
I don't get any ripple even though I got that email and qualify, no details provided yet.
743  Economy / Securities / Re: [WTX] ASICMINER-PT 5x BTC-TC shares for 5x BitFunder shares on: May 18, 2013, 01:12:13 AM
See pm if interested.
744  Alternate cryptocurrencies / Altcoin Discussion / Re: [100 GH] (2% DGM) - COINOTRON pool - Stratum, ASIC tested - BTC only topic on: May 18, 2013, 12:43:17 AM
with PPC and TRC stabilized, any chance PPS fee will drop for PPC and turned on for TRC?
745  Economy / Auctions / Re: Auction of 400 shares of ASICMINER on: May 17, 2013, 06:17:34 PM
Is it possible to show some proof of ownership of the shares?
746  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 17, 2013, 03:43:32 PM
Just because you are good at one thing doesn't mean you are good at everything.  BTC were put in by shareholder for a mandate to invest in ASICMINER for profit from ASIC (through mining / equipment sale / IP).  It's not in the best interest for ASICMINER to become a conglomerate.  We all see how companies have too much cash in the real world and start doing stupid things with it.

I'm very glad to see management paid out the a decent chunk of profit to shareholders while still retaining enough for development of new products and growth.

My thoughts:

I personally think that the number crunching, dividend arguments and theories on hash rate are less important then the long term potential of the Asicminer intellectual capital.

I see my share ownership as a stake in one of the first well funded start ups in a brand new economy! In my mind, owning shares in Asicminer is akin to being an early investor in Cisco, PayPal, Microsoft or Tesla.

The Entrepreneurs behind Asicminer has in my opinion already proven to be exceptionally trust worthy and intelligent. They seem to be passionate and very well equipped to become a major part in the quickly growing hardware and service economy that is quickly growing around bitcoin.

My personal wish for the pleasant problem of "bitcoin surplus" is for Asicminer to use these funds as a well funded venture capital firm would, investing in high risk/reward bitcoin related projects and services.

Why? Simply because I believe that their track record shows that they are far more likely to succeed in helping bring new software, hardware and Eco system services to market then possibly anyone else in the bitcoin economy.

Sure I love dividends as much as the next guy, but I value the bitcoin Eco system even more. And I believe that the way for Asicminer to best achieve exponential growth would be to use their unique position, knowledge, contacts and capital position to invest in growth rather then leaving it up to me to grow my funds.

But hey, that's just me.


As friedcat stated, if you want to invest in high risk whatever, you can do that with YOUR dividents on YOUR own risk. Why would everyone else have someone decide what with their earnings happens?
You can even reinvest your dividents into more shares.

And if you don't feel up to the responsibility of handling your own money, just send it to me Wink

If you would have understood my post you would realize that I am not arguing that I am I'll equipped to "handle my own money" but rather that Friedcat, the group behind Asicminer etc. have know how, capital and connections that puts them in a unique position. A position that I believe no other entity in the bitcoin industry can challenge.

Why would I want to HAVE to micro manage investments when if I can let a group of more competent and well connected people provide the service for me with a higher chance of success?

Again, to me this is all about track record and trust. Sure, I could find investments, make phone calls, do research and invest myself. But if I had the choice of having Warren Buffet do it form me, I would probably be foolish not to let him..

In my opinion, letting share holders vote on "projects and investments" as motions would be a democratic and smart process for Asicminer to use.

Again, just my opinion.
747  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 17, 2013, 01:38:02 PM
Anyone keeps track of the USB stick group buys?  If they sold out, that's 5 bitcent of revenue per share.
748  Economy / Service Discussion / Re: GOX down, server seizures going on right now? on: May 15, 2013, 07:29:53 PM
Gox is up now.  Less panic please.

502 Bad Gateway  Angry
749  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: May 10, 2013, 05:06:15 AM
So it's wishful thinking to have next gen ASIC chips on par with Intel's Skylake/Skymont?  Tongue

Only if Friedcat wants to disrupt Intel next!

Seriously, it's a very interesting question. At any stage of this arms race competing chip makers have to choose between higher upfront costs and lead times against have a chip with a competitive edge. It's inefficient and risky to go too big too soon. There's no point in being too big a share of the network, so even if you can build something miles better than everyone else perhaps you shouldn't. So I guess it's a question of considering:

  • who else is making chips;
  • in what volume can they get them;
  • what performance will they get with them; and
  • when do I think they will hit the network, or will they go broke first

Companies that survive will have to revisit these questions and get good answers every time they commit to a next generation chip.

If ASICMINER builds hashpower that will put it over 50% of the current network speed, it can always sell the excess hashrate to keep below a certain percent of the network.  There's always incentive to build something faster with better technology as you raise the barrier to entry and thus can keep the profit margin.


Did the USB stick officially goes on sale?  That would generate revenue of 0.05 BTC / share if sold out, a pretty juicy dividend / good reserve for further development.
750  Economy / Auctions / Re: [2 DAYS ONLY] 300 direct shares of ASICMINER on: May 09, 2013, 08:38:16 PM
100 @ 1.37
751  Economy / Securities / Re: [BitFunder] Mining difficulty futures now available: CoinBr.iDiff-* on: May 09, 2013, 08:33:26 PM
Does bitfunder charge a seller 1% fee for liquidation at maturity?
752  Economy / Currency exchange / Re: [WTS] 30,000 XRP for 3[btc] on: May 09, 2013, 02:32:52 AM
Interested.  See PM
753  Economy / Currency exchange / Re: (WTS) 50,000 XRP for 6 Btc or equiv Ltc on: May 08, 2013, 10:28:24 PM
Deal is completed with escrow.
754  Economy / Securities / Re: [BitFunder] Mining difficulty futures now available: CoinBr.iDiff-* on: May 08, 2013, 09:31:16 PM
Is there forced buy-back for the short if difficulty spikes?

The shares do get liquidated on expiration?
755  Bitcoin / Hardware / Re: [Announcement] Block Erupter USB on: May 08, 2013, 08:05:18 PM
Can they be overclocked?
756  Bitcoin / Group buys / Re: ASICMiner Block Erupter USB group buy (US/Canada) on: May 08, 2013, 07:57:14 PM
Does the pricing apply to someone in Canada as well?
757  Economy / Scam Accusations / Re: MartinReynolds - SCAMMER ID on: May 08, 2013, 03:42:27 AM
Get him scammer tagged!!  Referring to MartinReynolds.  Victim here too.
758  Local / 山寨币 / Re: 出ripple币 on: May 08, 2013, 12:29:03 AM
Want to buy, PM already.
759  Economy / Auctions / Re: 150 direct Asicminer shares 3 day auction on: May 07, 2013, 10:24:25 PM
60 @ 1.22
760  Alternate cryptocurrencies / Altcoin Discussion / Re: NVC giveaway !!! Trade it, use it, enjoy it. Only 2nd after BTC by price on: May 07, 2013, 09:29:47 PM
4PpWQ8yysMDNWGafUDnVAZWkS4iivgBXGd

Thanks
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 [38] 39 40 41 42 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!