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81  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 07, 2013, 03:40:17 PM
Whole market is taking a hit today - if it didnt take 5 days to turn fiat into bitcoin id be xfering in more

I feel bad for you, I finally got my L2 Confirmation from CoinBase a couple weeks ago, really loving the 50BTC per day available in my wallet in 6 seconds...

Hell, they dont even know if there is money in my account when they let me walk off with $5k in coin, I could technically turn fiat to coin in -2 days Wink
Too risky of course, and I know for a fact that they have more personal info on me than the IRS & SSA, so definitely wouldn't want to get caught on the wrong end of a deal like that Roll Eyes

Highly recommend their service.

There is always #bitcoin-otc (I use BofA instant transfer to buy), so deals are done quick.
82  Economy / Securities / Re: [BTC-TC] Virtual Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc. on: August 07, 2013, 02:19:49 PM
Has anyone tried to write an API trader for BTC-TC in Lua? It's the only language I ever bothered to learn, and it appears to have all the necessary support packages to make it easy enough:
- an OAuth library
- json library
- client library for executing a session in R (for integrating complex statistical model)
- sql library for storing/retrieving historical data
- Kepler project for making a web interface

Is there some obstacle to succeeding that might be escaping me?

Thoughts? Collaborators?
83  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 07, 2013, 01:18:50 AM
Get your buy orders ready on BitFunder ActiveMiners, looks like another round of cheap ActM shares on BitFunder.

84  Economy / Securities / Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast) on: August 06, 2013, 10:09:52 PM
The third batch is of 12,000,000 (12 million) shares and will be sold at the price of 0.0016 BTC per share. These shares have to be sold by the 4th of November (00:00:00 UTC, 4 November 2013)  for the IPO to be deemed a success. At the opening of the mine, this equates to a price of 0.16 BTC per Gh.s.

Is this price set in stone—i.e., why risk buying in August if the price cannot appreciate over 0.0016 before November 4th?

The issuer has the right to release more shares at any time and for any price (the 20,000,000 shares not sold at the IPO).  

Does this clause apply only after 4th November?
85  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 06, 2013, 01:44:06 AM
I think CoinTerra is a serious competitor in the hardware sales department; however, ActM should have every opportunity to beat them to market with hardware AND if you remember Ken's initial goal with AMC, the goal is to dominate nethash--hardware sales are just a bonus for investors. Let CoinTerra drive mining hardware costs down, so long as ActM's cost is lower than CoinTerra's retail, then ActM should be able to gain hashing marketshare, which is the main goal of ActM. Not to mention... ActM has an underground cave to do its hashing, which is really cool.
86  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 05, 2013, 08:05:22 PM
My only question would be in regard to the continued effort (as of like two posts ago) to paint ActM in a negative light. Isn't the dump over?

The dump is never over, at least not until I get ALL THE PRECIOUS ACTM SHARES!    Cool

There is nothing wrong with making money "off the backs" of less skilled, weaker speculators; that's the risk they accept for a chance at a larger reward.  Investors (IE long term speculators) are unaffected by such short term shenanigans.  All who disagree have been infected by Marxist brainwashing memes like 'profit is evil,' 'fairness is equality,' and 'property is theft.'

Free markets cannot be "manipulated."  The invisible hand is far too smart for that.  Only the State can truly manipulate markets, with its iron fists and velvet gloves.  If you don't trust free markets, the profit motive, and rational actors, what the JFC are you doing in Bitcoin, much less unregulated security trading?  If "manipulators" make you cry, simply GTFO, OK?

I drained a lot of undesirable volatility out of ACTM and the market rewarded me, because markets like stability and eschew uncertainty.  If that makes you jealous, simply GTFO and go play outside.

------------------------------[NEXT ISSUE]------------------------------

What you call a "negative light" I call 'realistic.'  My comments are easily distinguished from the true bashing, if only you had the perspective to appreciate the difference.

Be careful Mr. Noob_commentS, there is some cult-like behavior emerging on this thread.

To an extent, the lack of humor is understandable.  Many here have their life savings invested, some are German or otherwise Nordic, some are simpletons.  But humorlessness is generally a warning sign.

An additional, more significant, red flag is the Shun-the-disbeliever-apostate meme going around.  That's some 100% textbook cult shit, typical of Scientologists, Puritans, etc.

Just because I was a very early supporter of AMC does not mean I can't change, modify, or question my previous opinions/beliefs/conclusions based on new information.  Or the opportunity for a good churn-and-burn.   Wink

I told you guys I do not put up with groupthink and will strive to prevent or disrupt it, regardless of how unpopular doing so may be.

You may cry for an Authority to ban be for being contrarian, mean, and hurting your widdle feeweens, but at least I am usually honest and mostly WYSIWYG.

Especially disappointing is VE's uncharacteristic lack of insight.  He was my protege; I taught him everything about being an acerbic, smarmy, yet ultimately funny and informative metatroll but now he seems to have lost the plot and become unworthy of mimicking my shtick.

Unless the student has surpassed the master, and he's playing a long game here, I would have expected much better from him.  I hope he's about to spring an especially amusing trap, but won't get my hope up.   Tongue

/GOOD COFFEE!!!   Shocked

If it wasn't completely obvious before just click the glowing ignore button next to this market manipulators name, and your are free forever from his direct influence.
87  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 05, 2013, 08:01:58 PM
The information sure did come a lot faster before they got all the BTC's. I am not saying I agree with Mircea, but the burgeoning silence does resonate with his accusations. http://trilema.com/2013/the-anatomy-of-a-scam/. I genuinely hope for Labcoin investors' sake he isn't right. Now would be a good time to get cracking on communicating meaningful information (See Vbs request above) with shareholders.

And what's the proof? A perceived pattern in registration dates. That's it. Personally I'd take the judgement of TheSven before MBOE any day. He doesn't think it's a scam and I don't either.

I genuinely hope your assertions are correct, and I agree that Mircea's argument is not conclusive.
88  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 05, 2013, 07:38:29 PM
I agree with Vbs. Please give some details.
Let me also repeat my earlier question. Today is 5 August. Have production started?

Further elaborating, there's a TSMC Shuttle for 130nm on 5 August.

NRE costs for a full-mask at 130nm are affordable enough to be crowfunded, and the cost of full wafers are affordable as well. This is probably ASICMINER secret.

Chip output would be of about 1500 chips for each full wafer.

Estimate delivery of the already packaged chips would be around mid September.



ditto

The information sure did come a lot faster before they got all the BTC's. I am not saying I agree with Mircea, but the burgeoning silence does resonate with his accusations. http://trilema.com/2013/the-anatomy-of-a-scam/. I genuinely hope for Labcoin investors' sake he isn't right. Now would be a good time to get cracking on communicating meaningful information (See Vbs request above) with shareholders.
89  Economy / Securities / Re: ActiveMining Overview and Speculation Thread on: August 05, 2013, 01:24:21 PM
Yes it's utterly false and therefore most probably a ploy to make the shares slide and buy in low. So we are back to where we were. ACtM to the MOON!!!

ha ha ha

 Cool

Are you accusing the WSJ of BTC market manipulation? I don't think bitcoin is that big yet.
90  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 05, 2013, 06:41:09 AM
I have to 100% agree with the people being really sceptic of the Avalon $200 mil investment effecting short/medium term ASIC. 20 nm is FAR away to be produced in anything even close to volume. Sure, it will be an impressive next-gen tech, bit it will be late 2014 before anyone sees it in action. Plenary of time for the rest of the Eco system to be very profitable for a long time.

Basically the $200 million investment is GREAT for Bitcoin legitimacy etc. but n
Has no short/medium term effect on any of the current projects.

Lots of derisive, dismissive discussion about Lewis' disruptive $200 million Avalon investment ^here^ and in other posts.

It sure is easy to pat ourselves on the back and scoff at their ambitious, bleeding-edge 20nm roadmap.

Much less mentioned among the JV cheerleader crew is Cointerra's impending angel-funded full-custom 28nm chip.

Do you hear that creaking noise?  That's the sound of our popsicle stand's plastic and particle board supports being crushed by Cointerra's tank treads.

Whistling past the graveyard isn't going to help us avoid being obsolete before Christmas.

I predict a wave of bankruptcies, consolidation/aquisitions, and mergers in the ASIC space as human/financial capital requirements to stay competitive begin overwhelming the garage inventor outfits.

The fact is, the tanks aren't arriving in 2014. Your doom & gloom scenario has a lot of time to develop. So pull up your rock, and climb back into that hole your living in.
91  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 05, 2013, 05:42:06 AM
Hey guys, next time you all freak out at some news and all panic sell, can you do it at a time when I have a little liquidity? I havent managed to buy a single share the last two times. Much appreciated   Tongue

Sometimes you got to join the fall to make the climb. Risky though... Cheers to liquidity (if you got it). It looked like any other night till everybody simultaneously cr*pped their pants over news that couldn't possibly affect outlook for at least 12 months. Anyways, held some, sold some, and bought more (what a ride).
92  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 05, 2013, 04:53:28 AM
Not that I am personally that interested in speculation but I have purchased shares personally tonight. Clearly a lot of people are running scared because of the "Avalon news", but I think most people realize that this is GREAT news for Bitcoin as a currency, while I don't think it affects short/medium term mining or current/next generation ASIC at all.

What people should take this investment as is that a LARGE investor that couldn't possibly buy $200 million worth of Bitcoin on the open market is betting FIAT on BTC increasing in value A LOT in the next few years.

There is NO WAY that 20 nm will come out in any quantities before mid/late 2014 (and that would be very impressive) and time-to-market is still more important then anything.

I think the "crash" in ASIC stocks today has been a great opportunity for cheap shares in many companies not only Labcoin.

You personally purchased shares in labcoin you mean?

Translation: "Buy! Sheep. Buy!"

Honestly, Lots of winners and losers tonight. Great lesson in keeping liquidity, so you can pounce on weaker hands.
93  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 05, 2013, 04:17:17 AM
Love these cycles. You guys are just giving me your shares. I agree with VE, the volume is so low you can set the price where you want with -/+ 20k shares.
94  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 05, 2013, 03:54:38 AM
Man, I'd hate to be long Activemining today.  That's why I don't mess with options.

When you smell smoke in a crowded nightclub, make sure to get to an exit before yelling 'Fire!'   Cool

iCEBREAKER is standing at the bar yelling "fire!" Oh look... no line now.

Honestly, this news won't affect anything for months and months, and Fiat money investors will run the next time bitcoin hits 65 USD. This is a bargain buy night for a variety of securities.

95  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 05, 2013, 02:27:46 AM
@Swede @Labcoin

How does Labcoin plan to stay competitive in a growing marketplace including well-funded Silicon Valley start-ups?

http://www.cointerra.com/team/   Shocked

says the adults are here, and intend on pushing over our little popsicle stand.

Quote
Dr. Sherwani is the author of a textbook on Physical Design, which is widely used as the main textbook at major universities around the world. In addition, he has authored or co-authored three books and over 100 articles on various aspects of Physical Design Automation and ASICs.
96  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 05, 2013, 02:00:16 AM
There is massive buy support at .0015.


There was massive buy support, this thing will dip below 0.00125. There is too much time before anything of substance can be provided to investors. That ticking clock is breaking weak hands.
97  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 05, 2013, 01:56:48 AM
The bids are desperately thin on bitfunder right now. If you got some free coins on BitFunder and you like ActM, put some limit orders in. Less than 15K sold to hit sub 0.004.
98  Economy / Securities / Re: [BTC-TC] BTC Growth: Capital Growth via Hedge Fund-Style Investing on: August 04, 2013, 08:23:47 PM
There is an inherent risk associated with allowing others to manage your BTC-denominated investments for you although your choice to identify may give some avenue towards prosecution and recovery of funds in the case of theft. The risk remains to some degree; therefore, the potential reward of investment must outweigh the risk of placing my BTC in your care. There are existing investment options which provide high rewards, but are inherently susceptible to theft by individual (See #1 and #2 in appendix below). Will their be any verification of the fund's accounting by an outside party? (I apologize if I missed this in your OP)

As a potential investor, I am desirous of a fund manager who will develop strategies to help mitigate risk while maximising potential capital growth. I suppose this is the point of a hedge fund-like investment fund, but I am not well-versed in financial disciplines. Forgive my naiveté, but a simple strategy to reduce risk might be to invest in a "bit of everything" thus holding a market-cap adjusted percentage of all available securities (see #3 below). Do you expect that your fund would outperform the "bit of everything" strategy (#3 in appendix below)?

I know smidge has tried to create an index (DCX), but I would like to see other fund managers attempt to develop additional objective performance metrics for their investments as well. Do you have any interest to do something similar?

I thank you for your well thought-out original post; the level of discourse has been raised, sir. I hope you find justification to respond to my inquiry.

Cheers,

Exo

APPENDIX: Existing simple investment strategies:
  • #1. ASICMINER: It's risky to place all your eggs in one basket, but how does your investment vehicle compare to simply holding ASICMINER-PT?
  • #2. CoinLenders' CD: It is also inherently risky to place your coins with an individual (even if they are reputable; pirateat40 was, after all, reputable until he wasn't)
  • #3. Market CAP adjusted holding of all bitcoin securities (excluding  PMBs): This is the true performance standard. Your fund must at least perform as well as a market-cap adjusted holding of all available securities (ASICMINER, BASIC, COGNITIVE, ActM, NastyFans, LABCOIN, BTCGARDEN, etc.)
 
99  Economy / Securities / Re: [BTC-TC] BMF -- The Return of the Original Mining Fund on: August 04, 2013, 06:28:18 PM
@Usagi,

There is an inherent risk associated with allowing others to manage your BTC-denominated investments for you. Therefore, the reward of using a managed investment fund must far outperform what an average investor could achieve with 15-30 minutes a day. What I would like to see from your fund (as well as others) are performance metrics which compare the fund's performance to other investments:
  • #1. ASICMINER: It's risky to place all your eggs in one basket, but how does your investment vehicle compare to simply holding ASICMINER-PT?
  • #2. CoinLenders' CD: It is also inherently risky to place your coins with an individual (even if they are reputable; pirateat40 was, after all, reputable until he wasn't)
  • #3. Market CAP adjusted holding of all mining stocks (excluding  PMBs): This is the true performance metric. Your fund must at least perform as well as a market-cap adjusted holding of all available mining securities (ASICMINER, BASIC, COGNITIVE, ActM, NastyFans, LABCOIN, BTCGARDEN, etc.)
 

#1 and #2 are incredibly risky sole investment strategies, but as an investor I would like to see funds that approach their returns while securing against that risk. I have excluded PMBs from the calculus of #3 this because they will decline in value over time, but perhaps with active management they are worthwhile, and this, at least, may be one way in which a fund might outperform #3 and keep pace with #1 & #2.

I know smidge has tried to create an index (DCX), but I would like to see other fund managers attempt to create objective performance metrics for their investments as well.

I look forward to your response.
100  Economy / Securities / Re: CasinoBitco.in - Raising Bankroll for Football! [IPO] [BTC-TC] [BITFUNDER] on: August 03, 2013, 07:07:05 PM
@BitHub, I'm not sure how what % of company is sold or "floated" affects the valuation? This is simply what % the company wants/needs to sell for capital. Maybe you can clarify  Smiley

How about this?
Offer shares with dividends equal to 70% of increased revenue from the day of share issuance until accumulated dividends have reached 100% ROI, then drop dividends to set a value of 10% of total revenue. Kind of like a perpetual variable rate bond which converts to a revenue share after a specific accumulation.
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