No I was just typing in upper-case.

I think you may be right but if it were a chess move that would assume Ukyo has the BTC to pay back. I don't think he does. We will see. Either way ACtM gets it's 60k USD back (or whatever it is).



Edit - I don't think 'potentialities' is a proper word.  

Everyone else on here knows that already - why don't you? The idea being to allow people to move their shares to Cryptostock from BF at no-cost.

Why don't you just FO you little Troll?

Yes that is a third reason.

DTS you are getting all stressed out again, just when news is good/great. You do not need to worry about this. Worst-case-scenario is a court case and Ken has to repay the money back to Ukyo. I think that would NEVER happen.

http://legal-dictionary.thefreedictionary.com/lien

Other Liens

The published statutes of a state usually have a section on the topic of liens under which is listed most or all of the liens allowed by state law. A great number of persons in trade or business obtain liens for their services to personal property: garage keepers and warehouse owners for unpaid rent for storage; automobile mechanics for repairs; jewelers; dry cleaners and furriers; artisans for restoration of art objects; bankers; factors dealing in commodities; and many others. Not to be outdone, attorneys have a lien for their fees and may retain clients' files—perhaps containing vital information or documents needed by the client for work or family affairs—until the fees are paid


Lien is a widely used and recognised concept. Ken is doing the right thing.

I try not to talk to Trolls....

ACtM had BTC in WeEx for a few reasons, two of which were to pay divs and funds from the sale of IPO shares.

Please try to keep up.

You are wrong. If it is Kens personal money (which he said it is not) he has just as much right as any Bank or any individual to claim someone elses assets to recover a loss. Why do you think lien only applies to a company and not individuals???

No I do not. I agree that we are only entitled to recover our losses and costs. Where did you get the idea that I thought otherwise???

PS - try to be civil.

This has already run for months and Ken has already consulted for legal advice. We do need access to all of our funds. Who knows what BTC price will go to. If it falls 30% we could need these funds.

Ukyo is unable to return the BTC. He does not have it.

The only way we can get all of our money back is to take control of Ukyo's ACtM assests and sell them. If we return the shares to him he will sell them and we will get a tiny split. Remember this is OUR money for OUR business. In the absence of an over-riding court order, we have a legal right to take controll of Ukyo's ACtM assests with the aim of recovering our money.

No-one knows how large the investment community is or how fast it's growing. A few thousand investors and the individual invest ammount doesn't have to be that large. We can all help the price along by mentioning CryptoStocks CryptoTrade and ACtM in relevant spaces on the net.

As to the placing of this 232k at 0.01. Ken has learnt about price walls the hard way. This is in effect a large wall and so it cannot be placed where it might interfere with the early days and weeks of trading that we will see on CT. It has to be at 0.01, well above the all-time-high, and I think Ken will not expect any of those shares to sell until we start mining and selling complete machines. I'd be surprised if they did anyway.

Having said that, the previous all-time-high at 0.007 had less news behind it than the current situation. We now have fairly firm delivery dates, we have firm chip specs (for the 55nm), we have 2 custom chips coming along, we have the budget and high-end sectors of the market covered. We expect to sell chips in bulk not just farm and sell machines. We also know our farm power costs and we know we have a dedicated project manager at eASIC, two experienced engineers on board and two separate global companies fabbing our chips. So I see reaching the previous high of 0.007 a distinct possibility. Yes BTC is of a higher value now but a lot of the community have not bought their coins at this price.

Not if we sell chips. The higher difficulty goes the more that chips will be in demand. If difficulty stayed the same demand for chips would be very low.

Chips are the new shovels. And we have an excellent budget option on the way AND a top notch 28nm soon after.

When money is tight people go for the budget option. We can be the Walmart of bitcoin mining why not. So long as we can produce at volume we can do very well from 55nm.

Yes. Ford sell more cars than Porsche. But Porche have the better car - by far.

Ford revenue 2012: 134 Billion USD
Porsche revenue 2012: 13.9 Billion Euros

kleeck,

using https://coinplorer.com/Hardware and Ken's '1.9 GH/s, 2.5 Watts.'

I think this 55nm chip will have around 65% of the performance (W/GH) of KnC's 2014 Q2 Neptune 20nm chip?

Now if we are only 35% in performance terms behind the cutting edge market leaders I think that is pretty good. We can price our units accordingly. Like you say the market is deep and there is certainly room for a budget machine that costs 65% of the top end KnC model and performs 65% as well. We would be on equal terms with KnC in price per GH's if we can price our machines accordingly.

Even if we are 20% more expensive than KnC we can still sell out if the global supply of machines can not meet the global demand. Infact if demand is insatiable as it may become with BTC higher than it is then every single miner that can ROI will be sold out.

So long as we can produce a machine that will ROI+ we will do well with the 55nm tech. And 1.3W per GH in Q2 is not obsolete by any means.

If the CEO of ACtM says on an open forum that eASIC are working on our full custom 28nm ASIC then you can be sure that's a reality.

 

We have entered a partnership with a group of engineers the result of which will be a 55nm chip produced by UMC. We will likely get a healthy split of all profits from this partnership.

While that happens eASIC will be working on our 28nm FULL CUSTOM.

CORRECTED BELOW

Yes. The 28nm goes full custom with eASIC so we get a market leading chip when that arrives. While we wait for that (and we were always going to be waiting) Ken has struck up a partnership to mass produce cheap 55nm chips that will provide us with Millions in revenue to throw at our 28nm. This move shows us Ken is working far more than anyone suspected at making us a success.

Our chances of knocking out huge numbers of leading performance 28nm ASIC's just went up about 1000%.

Ken dropped a bomb.

Edit - can someone contact UMC and tell them not to answer the phone to VE.

 

We are not. These are a stop-gap until the 28nm arrive.

Edit - To da Venus!!

http://www.umc.com/english/process/c.asp

Global offices
Taiwan (HQ), U.S., China, Europe, Singapore, Japan and Korea

Fab operations
Taiwan, Singapore and China

Number of Employees
Over 15,000 Worldwide

Stock Listing
NYSE.: UMC
TWSE.:2303