In browsing the official AT forums (looking for perhaps good news which has been missed), instead I noticed that it's been mentioned this week that the units will no longer be standalone. Now, I might've missed that in an update, but isn't that kindof defeating the majority of the original design?
They were supposed to be rack mountable, or stackable however you want, simply provide a power cable and your mining details. Totally self sufficient, including wifi or ethernet. Now they're not only wired but there's no central comptroller. You'll have to connect them to a computer or another similar device. So they're acting like really large gridseed / blade units basically.
I half expect to hear they'll be shipping soon, but that you'll need your own reflow oven to put them together. Projected shipping date is no later than 31 July.
I would hope the guys at AT set out with good intentions and that the mistakes made along the way were just that and due to being in a new field. The wording of the contract is worrying but unfortunately it is a tried and true method, but still not right. Now ALL the posts of Fiaz have been deleted and my normal "in the middle" outlook has shifted. They have to really have a unit before they see my money, or something that gives me the confidence to send it to them. And even then, LTC is not doing well, so this is a bit deeper now. Still, no announcement that I have seen regarding the posts being deleted and the AT forum is awfully quite, so I wonder about posts being deleted there as well. Regarding the rack mountable - I think we have to thank the guys here, I forget who first mentioned the CE certification, but that appears to be the reason for the change (PS on outside). What is odd and conflicting is that AT says we are not consumers but are businesses. Well, if that is true, should they have rack mountable (easily) units? I am not sure on the units going in racks now. Not an issue with me, or even most here I would think, but a bit ironic. Not true about connecting them to a computer, you don't need to. You will be able to SSH in to the units as far as I understand. They took it off the table and then put it back on (minus some other bells and whistles), so I think you are talking about that first announcement (I hope). I don't feel like going through the Raspberry Pi again, was fun at first but I want things simpler, like I agreed to here. Again, the next 2 weeks or so are going to be huge. If this were the early days of mining gear most would not be as alarmed, but since problems have abounded people are being more careful with their money. IAS |
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I'd like to have maybe 5% of my BTC in NXT, XCP and Ether and another 5%-10% in other Cryptos (e.g. The anonymous XMR, maybe some LTC, and a couple of other up and comers.)
You really like XMR? I have to admit, I am turned off by the mindless borg-like crowds that pump it day and night. To me that's the telltale sign of a coin that doesn't have anything going on for it at the core, but maybe I am wrong from time to time. It will be interesting to see how much more steam the whole altcoin world has left in it, and to find out exactly what point in the bubble we were at now. I hope its still the first 25%. We don't understand this space yet, we can't. It is going too fast, the ramifications are too large and the even horizon too near. This is like the internet on steroids and once it really gets going we will look back at these times in disbelief (barring a catastrophe). I think most of the alts will just disappear, and some will be used in small communities (or as local currencies perhaps). I think there is going to be a subset of alts that are anonymous. Yes, you can use Darkwallet and such, but that technology, from what I understand, is behind ring signatures used in CryptoNote. (And I prefer not to keep all my eggs in one basket. It is nice to have something NOT at all based on BTC.) A few of these anonymous currencies will probably still be around in a couple of years and if you guess/research right, well you know. Rptiela did his HW on it and then I read a bunch and it by far is the best anonymous coin. The best doesn't always win but I'll go with a coin with a very strong development community behind it, taking things slow, no instamine/premine, not getting into marketing (too soon), etc. Separate people who pump things for sheer profit/trading from those who did their HW and happen to be in the same coin. There are plenty of evangelists regarding BTC and alts but see the truth in the false if need be. You never know where truth finds itself. Not meaning to pump, I have not traded in and out of these coins (though I considered it with the recent rise, but the orderbook has been so thin.) Getting to the point where I hardly even trade, just too tough to call and when I do trade I only use a percentage of my holdings. And for sure some of the 2.0 coins will succeed, but will their tokens appreciate as BTC does? I believe so, but it is too early to really know, we need to do an in depth analysis here once we see where the space is going (My bet is we will have a very good idea within 6-18 months). I think a little bit of diversity is safe, not to mention exciting. It is a fun space to be in and to look back on it years from now, if it does what the writing on the wall spells out, it would have been a very memorable thing to have taken part in. Its about sharing |
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I wasn't implying (or even thinking) of XMR or the like overtaking BTC. I think that is near impossible barring a catastrophic failure.
But catastrophe is not intrinsically unlikely. A fungibility catastrophe seems almost inevitable, although, it does depend on the political decisions of prosecutors. Will this fungibility issue be world wide or rather US Based? Will they be able to get at the code? There are a lot of things to consider here. For sure Wall St. wants them some Bitcoin. Perhaps as a hedge against the dollar, to hide money and not to mention just for all round profit. If fungibility issues arise, I imagine it will be from regulators but I think we are years from that right now. A lot can happen between now and then, and as I've said elsewhere, the event horizon of this technology is VERY short. What is to come is probably going to knock our socks off. There is a cumulative affect of disruption that is upon us, though just starting, and it is going to shock the system. It will be difficult when it really gets going for governments to do a whole lot, but it depends on if they get their one world government in time and barring a huge event (another 911) I don't see it happening. Plan on governments losing much more power and corporations gaining more (heck, I think that is actually their plan, sure looks like it.) But greater hearts and more intelligent minds will probably prevail. Spreading the peace, IAS |
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If it was undervalued then, its a steal now.
I don't get it either. Their platform is rather beautiful compared to some others, their innovations involve real-world applications and they've got some solid backing.
I still need to learn how to designate feeds for determining bet outcomes.
I think it is still ahead of its time, as is BTC and Cryptos in general. So, the 2.0 stuff is really not on anyone's radar. And the Pump & Dump mentality is still strong and perhaps guiding much of the market. I've heard using BTC to purchase other Cryptos in the wallet can take one or two hours as they are waiting for 5 or 6 confirmations (due to potential for a blockchain rollback.) But, when using XCP, the transaction is maybe 5-10 minutes(?) I think buying a few XCP for future investment, asset purchases, etc. is a wise decision. But only use a very small % of your overall BTC holdings. I'd like to have maybe 5% of my BTC in NXT, XCP and Ether and another 5%-10% in other Cryptos (e.g. The anonymous XMR, maybe some LTC, and a couple of other up and comers.) IAS |
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Anyone look closely at the order book and trade history on Poloniex? It really looks like someone is just trying to walk the price up with all of those TINY buy orders. But in fairness there are TINY sell orders. I mean there are buys and sells that are for like tiny fractions of XMR, much less BTC. It is like that all the way down (see pic below). I wish they had a "group by" way of seeing the order book, like they used to have when Clark Moody did that for Bitcoin. Just to get the price to .008 again would take just a few bitcoins. The orderbook is just so thin all round.  |
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well articulated post[snip] As Terrence McKenna said, We are a part of Nature, we come from it. Just as an apple tree apples, the Earth peoples.  This was actually Alan Watts, not the psychedelic bard. Well stated otherwise - Bitcoin is here to disrupt our perception of money and in that process might even make itself useless. But that will be a sign of progress and a good thing if it happens. Personally I don't think we are heading into a moneyless society any time soon. Just the concept of money and how we use it will be more clearly defined and understood by a wider range of people, thus allowing it to have more desirable characteristics. With digital, frictionless currencies, money can become just a way of expressing and keeping track who and what is valued by society in general instead of a means of enslavement. eheheh, I listened to those two guys so much. I actually combined the two there. I remember now that it was Watts with the Apples and Peoples example. And thanks for that link, I'm going to show it in class. ;-) But it was McKenna who said something along the lines of "We come from nature, we are of it, and those in control only think they are control. And if you think you are larger than nature and can control it, then no no no little man, think again." I chopped that up bad, heard it in a podcast years ago and can't find the text. Watts often spoke a bit similarly I believe, been years since I've listened to him. My hope is that BTC, being as disruptive as it is, is going to get people really questioning what money is and was. It will help redefine money for us. I like what Andreas Anonopolous said about Bitcoin being a language of money: "I started thinking about currency as a means of expression. You see, money at the very root of it is a language, it’s a language that we use to express value to each other." Taken from this talk: http://altcoinpress.com/2014/04/andreas-antonopoulos-cryptocurrency-is-a-language/ Funnily enough, I have often referred to Andreas as the Terrence McKenna of Cryptos. He is a Bard as well. I do see BTC as something to usher in something that is beyond the event horizon of most. At this point I can smell it buy can't quite define what is cooking.  Regarding not being close to a moneyless society, I think the number of variables to find out that answer is huge and don't put it past nature to point us in that direction, maybe gracefully, maybe violently. Anything can happen when you change those variables. I'm not saying it does happen soon however as it looks decades away minimally from our current society. Nice post, IAS |
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Just got a response from Alpha-t regarding my asking for refund options. According to the e-mail since I placed the order > 5 months ago I basically don't have any :/
Kind of curious given I made final 70% payment within the last few weeks. Getting the feeling I won't be seeing these satoshi's again :/
It's right in the contract: " You may cancel your order at any point within the five month period following the date on which we received payment of your deposit (provided that your product has not yet shipped)." Hey, Its About Sharing, looks like they do plan on enforcing that pesky ole contract after all huh? Imagine that. Brian, if you recall, I asked you about this here: "I'm not sure about the way the contract is worded. Can you post what it is that you are talking about?" https://bitcointalk.org/index.php?topic=314402.msg7454111#msg7454111 And now you are taking a shot at me? You really seem to like to jab at me. I asked you a few questions on that same page (here https://bitcointalk.org/index.php?topic=314402.msg7449856#msg7449856) and you seemed to just jump over them. Since you're in a playing mood, maybe you can have a go at them now. Here, at least answer the one that mattered. In your reply to diego2000 you state "Put another way, say YOU had a couple hundred 250Mh/s miners right now. Would you really head down to Fed Ex tomorrow and ship them off, or would you wait a while, make some money, and THEN sell them? All due respect, I think it is very naive to think they would leave all that money on the table." This sounds like something you would do and you are projecting it onto others. I would ship them off because I honor my word. Life is not about making as much money as I can. We reap what we sow. I'm not sure how you can judge AT when you are basically saying you would do something that you are accusing them of, because, well, it is the "natural" thing to do. To be honest, I completely missed your post. To answer your questions, the concerning parts are: 1. Regarding the delivery date, they keep promising these will ship in July. But, if you read the terms of the contract, there is NO delivery date to be found anywhere! The *closest* stating a delivery date is as follows: "We are currently working hard to ensure that the products will be available for delivery as soon as possible, and hope to have them available for shipping in the second or third quarter of 2014" Now, that isn't a guarantee. They could ship these things next year and still claim they did their best. But let's give them the benefit of the doubt and assume they stick to the tentative dates set forth in the contract. They could still ship these things September 30th and then claim to have shipped them right on time (Q3). 2. Regarding what you actually get. They promise you 5, 50, 250Mh/s or whatever the numbers they are using now are. Notice this key phrase: "Be advised that due to the nature of their development our products are subject to change and the final device may be different to what was advertised to you whether on our site or elsewhere." 3. And of course the escape clause: "We shall not be liable to you for any loss of profit or for indirect or consequential loss suffered by you whether as a result of any breach of these terms by us or as a result of our negligence." In other words, if they completely breach the contract (hard to do, since they aren't required to do much of anything but still), even if they purposefully screw you over and ship late, there is nothing you can do. You agreed to not hold them liable even if it is their fault, and even if they do it on purpose. Thanks for pointing that out. I understand they are not going to guarantee a delivery date. I don't have a problem with point 1. Point 2 could be a bit worrying as if those chips are not up to spec due to the nature of the quicker turn around, we are stuck. Point 3 sucks. But what truly has me a bit worried now is what I posted above, all of Apha's posts here have been deleted (minus the quotes). That is unsettling. So, my point above about waiting for final payment until something is ready to be shipped (with CE certification) is poignant now. IAS ps - You didn't answer my projection question. Albeit, that is an uncomfy one. Well I don't see how you can just dismiss point one considering that is the one we have argued about the most. And arguably is the most important. The *only* thing these devices do is mine scrypt. Exactly how much they mine is completely dependent on when they are delivered. Had these devices shipped April first, they would have been worth a fortune. If they ship September 30th, they will be near worthless. Kind of makes a huge difference no? Would be like sending 10K to coinbase to purchase bitcoins and not caring how many they send you. Regarding your question: "This sounds like something you would do and you are projecting it onto others. I would ship them off because I honor my word. Life is not about making as much money as I can. We reap what we sow. I'm not sure how you can judge AT when you are basically saying you would do something that you are accusing them of, because, well, it is the "natural" thing to do." You completely miss the point. They ARE honoring their word! There is nothing dishonest about it. They never promised (in any sort of legally binding way anyways) a delivery date. The closest they came to one is September 30th shipping date. I think you misunderstand my posts. I am not judging them. Frankly, I think they were too stupid to pull off what should have been easy money but their plan itself was brilliant (albeit, stolen from others). The entire reason I posted what I did is because I DO trust them to do their best to fulfill the terms of the contract. On the other hand, I think many people such as yourself didn't actually pay any attention at all to what it was they were actually promising when you sent them all that money. Now I DO think they were disingenuous at best regarding what they posted on the forums and stuff. But remember these were sales people. That's what salespeople do. They paint their product in the best possible light. What I was simply suggesting was to not simply take them at their "off the record" word, but look at what they were willing to put on the record. If a person tells you over and over and over again that something will ship by a certain date they are 100 percent sure of it, BUT they won't sign that into the contract, obviously they aren't nearly as sure of it as they are saying. Where I disagree with you is, you seem perfectly willing to take their sales people's promises at face value. I on the other hand ask myself, if they are so sure of the specs and delivery dates, why aren't they willing to sign to that? This has nothing to do with my personal honesty. Simply my experience in the business world has been over and over again, that nothing anyone says is worth a damn, the only thing worth a damn is what it says in the contract. I guess we will have to agree to disagree. I can promise you though I get ripped off less often then you  If I misinderstood your post, which apparently I did, then how can we agree to disagree? Ehehehe TBH - I have been blessed for the most part. I always have chalked it up to like attracts like with some spirit guides thrown in. ;-) Regarding point 1, I see your point now. I was looking at it quite innocently in that they didn't have control over all the supply chain and such. Speaking of which, I look forward to blockchain tech fixing things like this via some transparent supply tracking, or something related. I can't outright accuse AT yet as it is just hard for me to believe that someone would risk so much, potentially hurting a family name (accounting firm) just for some money, and with the possibility of jail or a severe fine. I'm wondering why there isn't an uproar over the deleted posts. I know enough to know that is a bad sign and quite alarming. Thanks for the information/reply, IAS |
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I forgot to insert the payment id when i transfert my monero from bittrex to mint pal...
On bittrex is impossible to enter the payment... wtf
i lost my money?
I just open a ticket but nobody answer me
Same thing for me! What the hell is that, when can we expect our XMR back? It's your fault for not following deposit instruction carefully. Your best bet is to contact Mintpal support and provide them with that transaction ID and hope they will manually credit the coins back to your balance. I'm afraid this is going to be an ongoing problem (and consequent headache for exchanges) and I wonder if there is a way to insure the use of the transaction ID's? But since they are not always needed, perhaps not... |
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Just got a response from Alpha-t regarding my asking for refund options. According to the e-mail since I placed the order > 5 months ago I basically don't have any :/
Kind of curious given I made final 70% payment within the last few weeks. Getting the feeling I won't be seeing these satoshi's again :/
It's right in the contract: " You may cancel your order at any point within the five month period following the date on which we received payment of your deposit (provided that your product has not yet shipped)." Hey, Its About Sharing, looks like they do plan on enforcing that pesky ole contract after all huh? Imagine that. Brian, if you recall, I asked you about this here: "I'm not sure about the way the contract is worded. Can you post what it is that you are talking about?" https://bitcointalk.org/index.php?topic=314402.msg7454111#msg7454111 And now you are taking a shot at me? You really seem to like to jab at me. I asked you a few questions on that same page (here https://bitcointalk.org/index.php?topic=314402.msg7449856#msg7449856) and you seemed to just jump over them. Since you're in a playing mood, maybe you can have a go at them now. Here, at least answer the one that mattered. In your reply to diego2000 you state "Put another way, say YOU had a couple hundred 250Mh/s miners right now. Would you really head down to Fed Ex tomorrow and ship them off, or would you wait a while, make some money, and THEN sell them? All due respect, I think it is very naive to think they would leave all that money on the table." This sounds like something you would do and you are projecting it onto others. I would ship them off because I honor my word. Life is not about making as much money as I can. We reap what we sow. I'm not sure how you can judge AT when you are basically saying you would do something that you are accusing them of, because, well, it is the "natural" thing to do. To be honest, I completely missed your post. To answer your questions, the concerning parts are: 1. Regarding the delivery date, they keep promising these will ship in July. But, if you read the terms of the contract, there is NO delivery date to be found anywhere! The *closest* stating a delivery date is as follows: "We are currently working hard to ensure that the products will be available for delivery as soon as possible, and hope to have them available for shipping in the second or third quarter of 2014" Now, that isn't a guarantee. They could ship these things next year and still claim they did their best. But let's give them the benefit of the doubt and assume they stick to the tentative dates set forth in the contract. They could still ship these things September 30th and then claim to have shipped them right on time (Q3). 2. Regarding what you actually get. They promise you 5, 50, 250Mh/s or whatever the numbers they are using now are. Notice this key phrase: "Be advised that due to the nature of their development our products are subject to change and the final device may be different to what was advertised to you whether on our site or elsewhere." 3. And of course the escape clause: "We shall not be liable to you for any loss of profit or for indirect or consequential loss suffered by you whether as a result of any breach of these terms by us or as a result of our negligence." In other words, if they completely breach the contract (hard to do, since they aren't required to do much of anything but still), even if they purposefully screw you over and ship late, there is nothing you can do. You agreed to not hold them liable even if it is their fault, and even if they do it on purpose. Thanks for pointing that out. I understand they are not going to guarantee a delivery date. I don't have a problem with point 1. Point 2 could be a bit worrying as if those chips are not up to spec due to the nature of the quicker turn around, we are stuck. Point 3 sucks. But what truly has me a bit worried now is what I posted above, all of Apha's posts here have been deleted (minus the quotes). That is unsettling. So, my point above about waiting for final payment until something is ready to be shipped (with CE certification) is poignant now. IAS ps - You didn't answer my projection question. Albeit, that is an uncomfy one. |
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Just got a response from Alpha-t regarding my asking for refund options. According to the e-mail since I placed the order > 5 months ago I basically don't have any :/
Kind of curious given I made final 70% payment within the last few weeks. Getting the feeling I won't be seeing these satoshi's again :/
It's right in the contract: " You may cancel your order at any point within the five month period following the date on which we received payment of your deposit (provided that your product has not yet shipped)." Hey, Its About Sharing, looks like they do plan on enforcing that pesky ole contract after all huh? Imagine that. Brian, if you recall, I asked you about this here: "I'm not sure about the way the contract is worded. Can you post what it is that you are talking about?" https://bitcointalk.org/index.php?topic=314402.msg7454111#msg7454111 And now you are taking a shot at me? You really seem to like to jab at me. I asked you a few questions on that same page (here https://bitcointalk.org/index.php?topic=314402.msg7449856#msg7449856) and you seemed to just jump over them. Since you're in a playing mood, maybe you can have a go at them now. Here, at least answer the one that mattered. In your reply to diego2000 you state "Put another way, say YOU had a couple hundred 250Mh/s miners right now. Would you really head down to Fed Ex tomorrow and ship them off, or would you wait a while, make some money, and THEN sell them? All due respect, I think it is very naive to think they would leave all that money on the table." This sounds like something you would do and you are projecting it onto others. I would ship them off because I honor my word. Life is not about making as much money as I can. We reap what we sow. I'm not sure how you can judge AT when you are basically saying you would do something that you are accusing them of, because, well, it is the "natural" thing to do. |
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It looks like all posts from Fiaz https://bitcointalk.org/index.php?action=profile;u=220493 have been deleted!
Hi
I assure you we have enough funds, some may forget but when we started we had no competition for a long time, if there are any sales to be had in Scrypt mining we would be the ones with them. We are very busy but expect to be caught up on emails by Monday, in fact I am certain of it (there will be a few exceptions so please I know nobody likes waiting but if you're not being served it just means somebody else is). And we are sorry the payment processor keeps getting delayed we are doing everything we can to get it to you as fast as possible, rest assured we are committed to it so it will happen. We do see an increasing desire for an update and we will be releasing one either today or tomorrow; not the big one with all the specs but an update nonetheless.
Cheers
I wrote the following before finding that all posts appear to have been deleted. But it still stands... sort of. A solution I would find amiable to all parties involved, considering that they have enough funds as stated above, is for Alpha Technology to not require payment until they are ready to ship units. This of course would involve having a working unit to show us and boxed units ready to go out the door. This insures the customer as far as the units being ready to go and on time. Also, the units would need CE certification (I'm unsure of this, Vesperwillow brought it up and it sounds important.) This benefits Alpha Technology as they stated they have enough funds and so it is a good faith action on their part. IAS |
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27 BTC sell wall at 0.007 on mintpal was bought, so he chikened and remove his sell wall on Poloniex.
lol, chicken whale.
Do you see how shallow the market is? There just are not many coins for sale. (After the last few dumps it is also shallow on buys.) But those dumps seemed a bit planned and very ill timed - in other words by design. Now that wall gets eaten - The writing is on the wall.  |
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Thanks Taco. Anyone want some monero?   ) guys .. guys ... You have to be smarter than this .... I bet everyone just let rpietilla feed you with wet dreams in his alt coin observer thread... I think this XRM hype in last days is actually the dream come true for a bunch of btc veterans who burnt themselves on every possible btc security scam during 2013. This is finally their moment to get (some) of their stash back. It's a feast Rpietilla was pretty open about buying between .002 and .004 or so. He also said he wouldn't go above a certain price (and it wasn't all that high). He may have a following, but he sure hasn't been pumping the coin. The guy has money and seems nice, so I don't think he'd go for making a few BTC at others expense. |
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The whole business seems to be playing out like the history of btc on fast forward, but I imagine it only seems that way because we are processing the earliest and smallest manias. The time between the last two ramps was about 5 days. It will be interesting to see if the same time scale repeats.
My recurring thought lately has been that u.s. laws on proceeds of crime and the transparent block chain essentially doom btc fungibility in the world's largest "free" crypto market, and cryptonote offers the perfect hedge against this failure mode.
Perhaps as an underground currency (XMR) where governments try to squash anonymous-ness. But, who is going to use a potentially "illegal" currency in mass? I imagine in countries with serious economic problems, which actually might eventually be the same countries that are doing the squashing! My "worry" though is both that the networks and price will suffer due to governments. I understand that this area (Crypto) is just getting started so even an "illegal" currency would probably have more value than a legal state owned one... IAS I'm not convinced about CryptoNote overtaking Bitcoin anytime soon, although being number two is seemingly a likely scenario now. The thing that Bitcoin offers to the world is effortless transaction into any other crypto currency. As long as Bitcoin exists so does the wider CryptoCoin economy. The only way to stop this is too ban the entire thing (hint: Bitcoin), which I see being impossible due to the fact that any action that deprives a nation of a major economic market is going to ruin that countries economy in no time. (think 10 years where Crypto is being used everywhere) I wasn't implying (or even thinking) of XMR or the like overtaking BTC. I think that is near impossible barring a catastrophic failure. Wall St. (and potentially governments) will get behind BTC and the open ledger. Will be a God-send for people as it relates for corporate and governmental transparency. And wallets like darkwallet and the like will be used for individuals who for whatever reason want anonymity, or close to it. But Monero takes it a step forward, it makes it damn near impossible to track, unless you are the NSA or a top notch security expert. And that is with current renditions! What I was getting at is that governments might try to make it extremely difficult (attacking networks anonymously via their Agencies) using the anonymous coins. But we all know how that worked out regarding Napster,... enter Torrent. We actually have the MPAA and Music industry in large part for inspiring BTC. Governments may also make the fully anonymous coins illegal by doing one of their typical false flag attacks. I'm an XMR holder so my point is one of pondering and not a criticism. Overall their fight, if they choose to try, will probably be short lived as a lot is happening right now: As these disruptive technologies are not limited to Bitcoin. It is happening everywhere. There are water treatment systems that will change the world (See Slingshot if you are curious). This will weaken some of the corrupt banking systems conditions on their loans. (Water will be abundant. I also imagine with BTC, gold might even become less valuable, but time will tell.) There are "lab on chip" technologies to analyze illnesses. These are just around the corner. The list goes on. And all of these disruptive technologies are going to have an effect on governmental systems, especially the corruptive influence within and via corporations, individuals, etc. When you add disruption to the monies systems of the world, oh boy. Enjoy the show to come. |
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How do u guys already have deposited XMR into mintpal already when it just got listed ?
Just have to be quick. Literally sending the moment it went up. I'm not confident in transferring my coins to my wallet on my Mac yet as I wasn't able to install it from the binaries, just from double clicking on it. (Sorry, not real technical!) Would you guys say Minpal is more secure for storing coins than Poloniex? (Security also involves any certifications they may have as well as company location.) Any Monero paper wallets out there yet? Thx in advance, IAS |
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Was there really a big dump like I'm seeing on Poloniex? It looks like the price crashed down to .004 on a 43BTC worth dump.
That is not just a sell, someone was trying bring the market down some or at least test it. But price right back up to where it was before.
Very interesting.
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The whole business seems to be playing out like the history of btc on fast forward, but I imagine it only seems that way because we are processing the earliest and smallest manias. The time between the last two ramps was about 5 days. It will be interesting to see if the same time scale repeats.
My recurring thought lately has been that u.s. laws on proceeds of crime and the transparent block chain essentially doom btc fungibility in the world's largest "free" crypto market, and cryptonote offers the perfect hedge against this failure mode.
Perhaps as an underground currency (XMR) where governments try to squash anonymous-ness. But, who is going to use a potentially "illegal" currency in mass? I imagine in countries with serious economic problems, which actually might eventually be the same countries that are doing the squashing! My "worry" though is both that the networks and price will suffer due to governments. I understand that this area (Crypto) is just getting started so even an "illegal" currency would probably have more value than a legal state owned one... IAS |
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Thanks Retro. Like I said, I'm not happy with the situation and hope (not my favorite word) that things work themselves out here. Perhaps the truth lies somewhere in the middle. Apparently, a lot of what you have posted is true, so things don't look great.  I wouldn't exactly call me an optimist here, but I'm not a pessimist. I don't even take what has been said as being against me, just differing opinions and interpretations. Not sure how you all feel towards one another, but this is not at all personal to me with anyone on this forum. I would easily hang out and talk Bitcoin with most anyone here. I never lose sight of the fact that this is essentially about customers and Alpha Technology, and there is no reason for use as customers to be vehemently against one another. I don't get that feeling even with the disagreements. Brian - We are not at the deadline yet (lets say end of July) so as far as what we are to receive we can say a 50Mhs unit and not 5Mhs. (or the larger units) I hope you are wrong with your 6 months from now statement. You may very well be right, but if there is a delay, 6 months would be incredulous considering what AT is doing is not exactly new (like when the other manufactures entered the field.) Well, the Scrypt part is new I guess. I'm not sure about the way the contract is worded. Can you post what it is that you are talking about? This might be something Retro can add to his collection of problems. I follow your example and that was pretty bright of you as it seems many companies do indeed try to cover for themselves should problems arise. No reason to put stuff in writing if you don't intend to ever use it. So I am very curious about what the contract states. Take care guys IAS |
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Its About Sharing,
The thing is all those things you mentioned were promised in the original deal that customers payed for. It would be a little like paying an extra 5k to have leather seats in your car, then you go to take delivery and the seats are cloth, and the sales guy tries to tell you how cloth is better cause you won't burn yourself on a hot day (but of course won't give back the 5 grand).
You like to ask questions, so here is one for you. Why do you think this is going to turn out well? It is obvious to anyone that doesn't have stake in this company that they will not be completed on schedule. And even if it is, do you really think they are going to send it to you? They are very open about also building a cloud mining operation. Do you really think they are going to give you machines first and then themselves? Given that they have no contractual delivery date with you can deliver whenever they feel like it, or not at all?
It isn't like this company came along and said they know how preorders have gone in the past and they wanted to do it different, and then did things different. This preorder has gone so far exactly like every other proerder ever, and we all know how those turned out for customers. So my question to you is, given that they have done things exactly the same, why do you think this will somehow turn out different for customers?
Let me try to answer your questions as well as involve some of your replies in the threads that followed. I'm not sure I follow your analogy. We have went from a 5Mh/s miner to 50Mh/s miner. A few extras were pulled, which would be analogous to bells and whistles in a car, and replaced with a lot more H.P. Where did I say this is going to turn out well (lately). Maybe in the beginning of the whole thing. I've clearly stated multiple times that I am concerned about what is to come. Have you been reading the thread lately? What I have stated lately is to back off the personal attacks and lets just stick to the facts. It is much more reasonable to read what Retro writes (and admirably spent time collecting, thinking up ,etc.) without all the personal attacks on Fiaz. I'm not saying to not say someone lied, but when you mix facts with subjective derogatory name calling, it hurts the state of the online community here. It serves to disenchant and break down. IT becomes like a group mentality and everyone is pulled down to another level. Let the facts speak to that. Regarding do I think they will send it to me and not mine. I most certainly do. I'm not sure if you are projecting what you would do, but when a business tells me they are not going to use my device before shipping it AND that they are not getting in the mining industry, I take that at face value. Now, if there were lots of lies along the way, I will re-asses, but thus far the question is "Will they deliver on time." and you are stating that due to greed, they will mine. How could you possibly know, especially when they most clearly stated they are not getting involved with mining on numerous occasions. Again, have you been reading the thread and their updates? Remember that Dexcel is doing the chip work out of India, they are a large company and they risk a lot should they get involved with something that seems illegal to me. Alpha Tech is more the brains of the operation in England. Units will ship from India. Dexcel would have to be actively involved in this operation and if anything like what you are suggesting were to happen, I would hope we could attack it legally. If not, then there is no sense in being involved in the future. Sort of like crowd-funding with little to no rewards. By doing things exactly the same, I think you are confusing corruptness with things (maybe) beyond their control. This is the unknown. I agree with Retro and Vesper about a lot of the writing on the wall, but we still have 4 weeks and there is not need to pay right now, not for 2 weeks after the payment processor is up. And if they don't have something good to show me at that time, I probably don't pay and seek to remedy the "deposit situation" which seems not to follow the law. I can't at this point in time say that we are not getting our miners. In your reply to diego2000 you state "Put another way, say YOU had a couple hundred 250Mh/s miners right now. Would you really head down to Fed Ex tomorrow and ship them off, or would you wait a while, make some money, and THEN sell them? All due respect, I think it is very naive to think they would leave all that money on the table." This sounds like something you would do and you are projecting it onto others. I would ship them off because I honor my word. Life is not about making as much money as I can. We reap what we sow. I'm not sure how you can judge AT when you are basically saying you would do something that you are accusing them of, because, well, it is the "natural" thing to do. Maybe they are getting into this business to use it as a funder for mining, but that is disingenuous and me myself would not do that. If I wanted to get into mining and to sell units I would make that point clear, at least when the time arose. I think KNC actually did something like this (got into mining without explicitly saying so at first). Your posts seem really to just focus on corrupt behavior, and I'm not saying that isn't happening, but I am not going to assume the worst when they have said otherwise regarding mining themselves. But yes, a lot of questions need answering and I hope Retro can collect the good ones and we can post it over on their forum. This thread has gone from fact collections, to name calling and now assumptions on borderline illegal activity. I won't take part in that. That may be the case, but I am not going to get pulled into darkness and projections and fear. However, I will not be ignorant considering all that has transpired, but as I said before, I don't think we are exactly behind schedule though we are in a critical spot (and we need those before mentioned questions answered to know - and yes, it doesn't look great.). A powerful and factual update (with physical evidence) is what is needed. Let's see what happens the next few days and weeks. We don't really have a choice in the matter and perhaps things change. If I'm wrong so be it, but through this, as tough as it may get I will be a human being the best that I can. Its about sharing |
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investors such as the $30mill bitpay investment is as the OP suggests. where the investor puts in $30mill FIAT and in return gets bitcoin.
this helps the investor get coins without having to nibble at exchanges to get coin without causing sudden price rises (costing him more) and
this helps bitpay by not selling on exchanges, preventing the old nibbling down on the exchanges causing price drops
I never considered that. I thought the 30 million was for infrastructure, new hires, etc. Are you saying that money is to be funneled back out as BTC? That would be a very generous use of the word "investor" and not sure that is accurate. |
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