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241  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation on: July 22, 2014, 09:56:45 PM
You're just not making any sense.  Tradition for the sake of tradition stifles innovation.  Perhaps innovation is what is needed to grow the coin, because the developer puts smart things like this into it, and doesn't just allow the coin to dilute its value because of tradition.

People really liked horse and buggy before they invented cars.  Didn't stop the buggy whip manufacturers from going out of business though.
242  Bitcoin / Hardware / Re: ANTMINER S3 Discussion and Support Thread. on: July 22, 2014, 09:42:21 PM

I think you're about to be scammed, dude.

well this is the weird bit, they are saying I can have the refund if I want but will obviously loose my pre-order. Not sure if I should just wait until 31st July and see if they come through or just ask for refund now. I got nothing to lose at the moment as I have time to escalate the dispute with Paypal and the seller has been responding to my messages so have been cooperative.

Refund.  Wait for Bitmaintech to sell Batch 4 and order at that time like everyone else.  Remove the middle man.  Get your order direct from the source, and lose any doubt you have about it being a scam.
243  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation on: July 22, 2014, 09:27:29 PM
The coin's integrity?  What are you talking about?  The exact opposite of what you suggest might happen as well.  Investors who actually buy coins, like me, would see that the coin isn't being heavily diluted because its usage has slackened.  It's finance 101.  You don't just dump more and more cash on a market that is saturated with cash.  Dogecoin is one working example among hundreds of fail-coins.  And there is no reason to USE Hirocoin over Dogecoin, so nobody is going to invest in a coin that just benefits miners.

You have to chock off supply while mining is slow, otherwise you risk a 1 Satoshi coin that we're heading to very quickly.

We're both on the same page.  People have to adopt and use the coin.  But nobody wants to buy a coin that is going to be halved in value every day because miners are dumping it.  You have to chock off the supply of coins so that people who invest in the coin have a stable market.

The changes to get people to adopt the coin are too far away.  At the moment we don't even know if there WILL be changes because Hiro hasn't said anything and we're getting it all from Omar.  There has to be development and effort put out there to make the coin worth investing in. 

Nobody here believes that not producing coins suddenly makes the coin worth more.  What we're saying is that it slows down the rate of decay in the value of the coin and gives Hiro a chance to market the coin effectively and get investors to buy the coin.

If you leave it the way it is, dumping half a million on the market, it's killing the value and you're killing the coin.
244  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio, Best $/GH/s ratio on: July 22, 2014, 08:18:31 PM
Don't worry about shipping.  Shippers fly into combat zones unless the airspace is closed.  And even then, they'll move it by truck or sea to a friendly shipping point.  Of course, if they nuke it then all bets are off.
245  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation on: July 22, 2014, 06:51:59 PM
Of course it has a demand problem.  The point of restricting the coins being created is to allow the market time to soak up the existing inventory of coins.  Investors like myself are not going to buy coins at 100 Satoshi when the miners are dumping half a million a day into the market.  I didn't invest in the coin to subsidize mining.  The idea behind the restrictive nature of coins during mining for Hiro Coin is that if few people are mining, fewer coins are produced, which allows investors like myself and others to buy coins and not get our investment diluted instantly by dumpers. 

When the hash rate is spread around to more miners, the reward increases (It's based on difficulty) so that there is less chance people dump huge numbers of coins on the fragile market.  There's a reason why Government's don't just produce as many dollars as possible as rapidly as possible.  They restrict the money supply to allow inflation conditions to stabilize.  Here we have a runaway train.  There is far more supply than there is take up, so before we try to absorb that supply, we need to choke off the pipe.

Miners will mine the coin when it's profitable.  It doesn't matter if you think less coins is going to hurt the coin because miners won't adopt it.  The miners will adopt it as the price rises.  The price will rise as supply is lessened.  That's simple math.

Now, of course Hiro needs to come in here with a roadmap and tell folks HOW he's going to get the coin into people's hands.  By putting effort into developing the coin and the apps around the coin.  Making it easier for third parties to develop around the coin.  We also need something that sparks interest and divides us from other coins that are basically doing the exact same stuff.  If you want to be an alternative crypto that matters, you need to have something that people want.

But that takes time for him to develop and nobody really knows what the uptake on new stuff is.  For his credit, he tried the barcode thing, but that hasn't gained much traction.

I'm all for buying millions of coins, but I'm not going to do it with half a million being produced every day.  It's ridiculous!

Nobody in their right mind is going to invest in a coin where the developer is absent, coins are being dumped, and the miners are asking for more coins.  We're on an express train to fail.  Coin restriction is only going to matter if the coin is over supplied like it is now.  Once the supply is taken up, everyone gets their coins.  It's a win win situation.  You can't mine in these conditions right now, the coin isn't worth anything.  You have to stop the oil spill, clean up the mess, and build a proper pipeline.
246  Bitcoin / Hardware / Re: [ANN] Spondoolies-Tech - Best W/GH/s ratio, Best $/GH/s ratio on: July 21, 2014, 05:39:54 PM
I would actually recommend buying SP hardware if it was sold from stock and for a reasonable price.

I wonder sometimes why european/US manufacturers seem to unable to fully grasp the idea of selling from the stock or a short (2-3wk) preorder.
What exactly is the difference? Is it small manufacturing facilities, risk aversion, upfront funds?
European/US asic makers also do not care about market share and in one case (KnC) are unable to adjust the price to market conditions.
I am still at a loss as to why KnC did not continue to sell Jupiter into jan-Feb or why spond did not continue to sell Sp-10 as long as it was selling with a profit (maybe it wasn't, I don't know). This seems to completely contradict almost any other business that I know of. Typically, you continue to sell an older model if you are still making money with it until there is a new model. I don't see anything unique to bitcoin that negates this possibility.

You stop selling an older model if the cost to produce that model is weighted against the amount of profit you would get by maintaining it.  So if they were going to need to make another chip run and spend $100,000 but only sell $50,000 in SP10's, that'd be a stupid business decision.  I'm sure the old models of some cars sell great, but automakers replace them anyway.  Now sure, in the beginning had ST had a crystal ball to see the future, they'd of known to produce more chips and then would be better prepared to have just the perfect amount before the SP30 started selling.  However, crystal balls are rare and not nearly as effective as we'd like them to be, so they had to go with a business plan they felt made the most sense.  They didn't account for such high demand.  Oh well...

As for why do folks preorder.  It's an interest free loan and locks the customer down so you can fine-tune your manufacturing plans.  It's unfair to the buyers, but so long as people preorder, the manufacturers will keep doing it.  

That said, the only way to make really great money is to be able to buy the cheapest miner with the most hash at the earliest possible instant.  So that you get the most hash for your dollar.  So many people who preorder understand they are taking a risk to be first in line.  Though, it's only really worked for those guys who got the first round Avalons.  I suppose in the early days of BFL if you got in right at the start for the Asics that ran at 1.5th, you'd of made serious money since their prices were about half what they were later when Bitcoin prices went up.  Otherwise, most everyone else is buying on hopes that BTC will rise, or working off very thin margins now.  

I think most mining is a money loser.  Primarily because most of the hardware manufacturers have been terrible at delivering their products on time.  Almost every single one of them has been a failure.
247  Bitcoin / Hardware / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s on: July 18, 2014, 05:47:06 PM
Hey man, the one guy working on making the X1's can't do two things at once.  When he gets finishing making all the X1's, he'll start working on the X3's. 
248  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: July 17, 2014, 07:29:31 PM
Or it could have been caused by me buying more shares today.  Which is what happened.
249  Economy / Service Discussion / Re: PBmining - legit? on: July 16, 2014, 08:01:42 PM
Obviously he broke even by pimping the referral link around in his signature, because it costs him nothing and he gets free hash when people sign up.

250  Bitcoin / Group buys / Re: [CLOSED]#KN-R001 3TH/s Neptune KnCMiner, ord. #K27-BFYW-014072, PAID on: July 16, 2014, 07:59:19 PM
Is that because you dunked it in a tank of oil to see what would happen? 
251  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation on: July 14, 2014, 01:17:24 PM
Until Hiro himself comes in this thread and explains what he's doing and posts some kind of a road-map, this coin is dead.
252  Bitcoin / Hardware / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s on: July 13, 2014, 03:59:16 PM
I think it's pretty evident that the same company that under-estimated the difficulty it would take to create a couple of miners also under-estimated what it would take to assemble and ship them.   It takes a long time to get assembly and shipping lines up to speed. 

Anyone who really thinks Black Arrow will ship all the orders this month for both X1 and X3 are kidding themselves.  It won't be in August either.  It'll go into September or October. 

If BFL is any guide on how to do things wrong, we can see Black Arrow repeating those same mistakes.  And just like BFL it'll take their shipping a long time to get things out the door.  They will have parts shortages.  The wrong screws, or like BFL a shortage of power supplies.  And people will say, "Why didn't you order these a long time ago?  I thought...  Blah... Blah...  Angry...  Blah..."   And they will stop shipping for long periods of time (Like now) and then ship and stop and ship and stop.

I would like to see the first X3 go out the door, but it's obvious they are still having problems with it since none have shipped even though they have all the parts for it. 


253  Bitcoin / Hardware / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s on: July 10, 2014, 04:10:58 AM
Pallet full of bricks.
254  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: July 09, 2014, 01:18:06 AM

A good strategy would be for someone, such as Ken, to have their own private mining pool.  This pool is setup as the priority for the miners.  However, most of the time, this pool is off, so they fail-over to Eligius.   When Ken goes to bed, he switches the private pool back on (Reattaches the network cable for instance) which the miners then pick up on and switch over to.  He generates some coins he needs in his private wallet, and then switches it back off.

That way he doesn't need to redirect the miners all the time.  He just turns on his personal pool when he needs some coins.  Though, it's probably his project manager doing it to skim some coins off the top.  I doubt Ken is this savy.  I'm not even sure Ken knows how Bitcoins actually work.
255  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: July 08, 2014, 09:30:21 PM
@tempestb:
Lol, not giving name when asked--hallmark of transparency, very confidence! Cheesy

BTW, didn't you rage at me once for questioning the integrity of Mr. Kenneth Slaughter, the CEO of Active Mining, your other sterling investment?
How's that going, all good?

Man, you're not even a good troll.  Now you're just making stuff up!  Wow, you must be some depressed hobo with no life to be grasping at straws.  I've never been pro AMC.  But you keep guessing.  Maybe something will stick.
256  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: July 08, 2014, 09:11:50 PM

How many times can the two of you fail at answering a simple question?  Your full name can't possibly be longer than all the typing the two of you did to avoid posting it.

ow act like an adult and type "My name is ______ ______."

Because we know the only reason you want it is to create more FUD in here.  So we're not going to assist you in your stupidity.
257  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: July 08, 2014, 09:04:09 PM
What can be simpler than giving the full name of your asset issuer?  This is not a game.  Again, what is his name?  

His name is in the history of the thread.  I know it.  His email is as well.  You can look it up.  I'm not doing your work for you.  Isn't that your whole point?  That people should do their own investigating?
258  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: July 08, 2014, 08:57:37 PM
While we're exploring improbabilities, here are a couple you might consider:

- Havelock vanishes.  I know, impossible, except for the long, sordid history of vanishing/mysteriously hacked exchanges.

- Branny vanishing.  Again, unthinkable!  But not as unlikely as NEOBEE's Danny Brewster, Bitcointalk's  most public entrepreneur, vanishing.

What's Branny's name, BTW?


Already discussed both of these things.  You should maybe read the thread and not pretend that we haven't done due diligence.  If you're going to look him up on Google and find his Real-Estate license and such, we've done that all too.  Maybe read the thread, it'd be good for you to do that.  You might learn something.

 
259  Economy / Securities / Re: [Havelock] RentalStarter - A Midwest Real Estate Investment Company on: July 08, 2014, 07:47:34 PM
I think asking Branny for clarification on things is fine.  But now he's being ridiculous saying it's a Ponzi.  That comes off like he's got some vendetta and isn't even an investor or even wants to be.

Anyway, I'm not going to argue why I invest in Branny.  I think he's doing a great job. 
260  Bitcoin / Hardware / Re: Black Arrow Customers - Consumer Complaints Links on: July 08, 2014, 06:17:06 PM
Looks like he is incorporated in the Virgin Islands.  That's likely a tax haven outside the EU.  I believe a lawyer could go after him personally.  The stock is held 100% by his haven business that I'm sure he's 100% owner of.  It's the same baloney Ken Slaughter tried with incorporating VMC/AMC in Belize.  The Government doesn't care, they went right after Ken personally because of where he operates out of.   In this case, the court would go right to the owner because he owns all the stock and likely operates out of the UK.  He's not shielded, in fact because he doesn't appear to have any other officers, he's completely holding the bag for everyone else in the company.

An SEC investigation would force him to produce refunds to customers.  But being that he's in the EU, the jurisdiction would reside with them to make that move.  And they might be more apt to do it, because there is less of this stuff going on there. 

Armchair lawyering though.  You should talk to a real lawyer about it (As you are doing) to get a list of options.  Doesn't sound like you need to go through China though.  I bet it's going to be an EU case or even in the United States.
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