He doesn't have a scammer tag.  He started posting again a couple of weeks ago.

At the rate MIA posters are returning to the forums, I almost expect to see pirate to post again soon.   

I'm guessing this is to raise cash to purchase more drugs.

It's highly unlikely BFL can deliver by 22 February, but they may be able to ship around the time of the next difficulty jump.  Sooner or later Avalon units and BFL units are going to enter the wild in large numbers.  ASICMiner has a fairly unique opportunity for a very short period of time here.  Yes, they'll bring the next difficulty jump closer if they throw everything they have at the network and they'll have to mine at the higher difficulty themselves - but it also means that their competitors' units will be starting out at that higher difficulty. 

If ASICMiner doesn't exploit the advantages available to them, they'll lose them - it's not like Avalon or BFL customers are going to hold off mining with the machines they've waited months for just because it's going to affect difficulty.

Difficulty just jumped to 3651011.63069.  Around the time of the next jump, BFL machines should be coming online and that will affect the following difficulty jump regardless of what friedcat does. This current difficulty period seems like the ideal time for friedcat to put his 12 TH online.

I'm really curious about what friedcat is going to do after the next 5 blocks are found and difficulty jumps - will we suddenly see another couple of TH brought online?

It's not necessary to bring the nature of Bitcoin into a breach of contract action - in fact, if you read the California action filed in respect of Bitcoinica you'll notice that they've been careful to avoid making the nature of Bitcoin an issue and kept it about the USD value owed.

What might be an issue is people not having acceptable proof of their transactions.  If Tom has adequate records, this shouldn't be a problem.   If he doesn't, though, it's much more difficult to obtain independent evidence relating to the transactions than it is with bank, CC or PayPal transactions where a disinterested third-party can provide information relating to the transactions. 

I still haven't seen any updates on what's happening at the bumping facility or how a slip in the bumping facility schedule would affect the remaining steps in getting BFL ASICs completed.  I suspect that there's no hope now of them shipping on 22 February - the question is whether they'll be able to ship before March.

You should probably check out the BFL forums.

Confirms that the BMW wasn't owned outright, which is good to know for sure.  Looks like he hasn't changed his address with the DMV.

You can also mention that the company is being investigated for fraud and that several banks have advised people who paid by CC to cancel their cards and get new ones issued.  Where fraud is involved, CC providers will generally waive usual charge-back period limits.

Most people who don't plan on bequeathing their wealth to someone else are intending to liquidate their assets at some point - whether those assets are BTC, property, or Berkley Hathaway shares.

While everyone should make provisions for living comfortably in retirement, quality of life in the meantime also matters (after all, with official retirement age nearing 70 in many Western countries, a lot of people aren't even going to live to retirement age). 

If the other 10 TH was running, you'd notice it in the overall network hash-rate very quickly.  You can't hide 10 TH in the current network, whether you're mining solo or through pools

Hi Vladimir.

I'm sure that your lawyer would advise you to shut the fuck up and make no public comments.  You should probably listen to them.  Everything you post is legally discoverable.

I guess I'm thinking of the way you could do it here, which is by setting up a class of shares which can only be sold to other existing shareholders or back to the company (you can essentially attach any conditions you like to share classes in a private company here are long as those conditions are fully disclosed).  If such conditions aren't already baked in, then you'd obviously need a special resolution by existing shareholders to implement them.

It will definitely be interesting to see who operates pass-throughs and how well or badly they manage them.

I'm pretty sure we're at the peak of the solar storm cycle this year, too which is always kind of interesting and scary.

More great images. 


http://zyalt.livejournal.com/722930.html

Let's wait until everyone's been refunded before we get too excited.  I don't think we've had one of these clusterfucks yet where every single person has got back everything they were owed, although we've had several where many people got partial payments or some people got paid and others didn't.

BFL is looking for an engineer located in Asia who speaks Mandarin.  You guys are located in Asia and looking for an English-speaking intermediary.

Heh.  It's still pretty impressive.  If they can get the whole 12 TH online before BFL ASICs hit the network, they will be looking at about USD 50k per day.

How did you arrive at the USD 150k figure?  I calculate it to be about a tenth of that using shares*PPS.

And yay - block 20 found.  Go little ASIC.