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Icebreaker looks like a good candidate for director.
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<-- Would like to become a director.
I'm investor and shareholder myself, holding a large position.
Have knowledge about money and Open-Source technology. Talented and has good ideas.
And, in fact, I have recruited 2 of my friends to invest in this endeavor also.
What kind of time commitments will it require ?
Are there legal liabilities ? (Obviously, if I work for free, for the goodwill of the share-holders, I refuse to take any legal responsibility)
-"Technologov", Israel.
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Hi, Today we have a funny situation, that if the (unregulated) stock exchange closes tomorrow, as happened with GLBSE, we will be holding the stock with no proof of owning it. We will lose rights for our shares. Short term solution: Bitfunder stock exchange has a public list of all assets held by all members / shareholders: https://bitfunder.com/assetlist*Perhaps other exchanges have something similar. What I recommend, is for each serious company mirror this list from all the exchanges *daily* on their own corporate servers for public to view. (like on http://www.virtualminingcorp.com/ for ActiveMining) Long term solution: We must be able to store our stocks offline, off the exchange should things go wrong, in a similar way to storing our Bitcoins offline. This is theoretically possible by using a technology called "Colored BitcoinX", which can "color" bitcoin fractions into company stocks, and store them in the block-chain. We must convince the exchanges to adopt this standard -or- come up with a separate block-chain for storing stocks offline. This will greatly reduce investor risk, and will let investors to invest more money. It will also allow moving stocks between exchanges. This is something exchanges should implement. -Technologov |
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Klondike boards are boards for 16 GH/s Fast-Hash 28 nm chips, right ?
And will they arrive _before_ the chips themselves ?
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VMC website problems:
1. On main page it says "Free shipping"
But during order stage 4 I see DHL shipping = $200.
2. On the order page it says "Available", but in fact it is a pre-order. Misleading.
Please avoid becoming another BFL, and state thing clearly.
3. Pricing issue:
Base model + 1 module = $4000, but Base model + 2 modules = $10,000. How come?
4. Supply/Demand - the current situation with ASIC market is a joke.
I cannot find an ASIC mine anywhere, except Ebay Avalon for $30,000 bucks. (Which I'm not ready to pay)
Every single company offers pre-orders (with 1 year delay; BFL) or nothing.
My suggestion: Put a batch of production-ready mines on an auction at VMC. Not pre-orders. Actual and working mines.
And place a very small minimum ask of each mine, near production costs.
If you have real working mines traded at VMC at auction, we would *solve* the stupid Supply/demand issue in a short order.
If the auction fails (no bids), the mine temporarily goes to AMC department for in-house mining until next-week's auction. Repeat.
Auction selling will allow the company to determine mine's real, free-market price. AMC should also be allowed to bid.
Capitalism is about solving problems, including supply/demand problems.
If Avalon sold batch #1 mines for $1300, and a few months later I find an Avalon for $30,000 on ebay, then something is dead wrong here.
-Technologov
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There is no chance for a company to grow, if it pays fat dividends.
>Do we vote every month to vary this percentage?
Nah. Every 2 or 3 years is enough.
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As an investor, I ask to hold a shareholder's vote to dramatically reduce a dividend, and limit paying up to 10% of profits at most. This is required for growth and for NRE.
Else the company will not be able to grow.
We must establish a growth fund.
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OK, let's ask Ken to improve accounting. Find someone who understands accounting and Bitcoin.
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AsicMiner have reached a $150 million dollar market cap, so having some accountants on team would definitely help.
I would like to see quality financial statements from Active Mining too...
But only after the company can afford professional accountants. For now, hobby financial statements are "good enough".
-Technologov
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If the site gets closed down, this list will be the first to disappear. We need a separate storage for it. Can someone write a script and store a daily copy? This way, we will be able to claim ownership of our purchased stocks from the upstream companies in question. (we'll lose all the BTC there, but not the stocks) So far I did: curl https://bitfunder.com/assetlist > ~/Dropbox/bitfunder-assetlist-$(date +"%F").html But if you have better solutions, please make them public. My solution is too basic. Alternative: Use Colored BitcoinX to download stock shares to our computers and store offline, like Bitcoins. We'll need to ask Bitfunder about it. |
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Hello !
Does anyone makes a daily back-up of all assets traded there?
This is very needed if the exchange gets closed.
I wanna be able to claim ownership of my shares.
-Technologov
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I would prefer _not_ to follow BFL; not to offer any pre-orders at all. Auction mines, in batches, after they are ready, and ship immediately. This should be the company's unique differentiator. This will bring:
a) marketing (outflow of customers from competitors and into VMC)
b) customer satisfaction
c) ability to sell at bubble-like prices
Raise shareholder capital + possibly take business loans to pay for NRE and mines assembly.
(maybe even sell some stocks to eASIC shareholders)
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VMC website problems:
1. On main page it says "Free shipping"
But during order stage 4 I see DHL shipping = $200.
2. On the order page it says "Available", but in fact it is a pre-order. Misleading.
Please avoid becoming another BFL, and state thing clearly.
3. Pricing issue:
Base model + 1 module = $4000, but Base model + 2 modules = $10,000. How come?
4. Supply/Demand - the current situation with ASIC market is a joke.
I cannot find an ASIC mine anywhere, except Ebay Avalon for $30,000 bucks. (Which I'm not ready to pay)
Every single company offers pre-orders (with 1 year delay; BFL) or nothing.
My suggestion: Put a batch of production-ready mines on an auction at VMC. Not pre-orders. Actual and working mines.
And place a very small minimum ask of each mine, near production costs.
If you have real working mines traded at VMC at auction, we would *solve* the stupid Supply/demand issue in a short order.
If the auction fails (no bids), the mine temporarily goes to AMC department for in-house mining until next-week's auction. Repeat.
Auction selling will allow the company to determine mine's real, free-market price. AMC should also be allowed to bid.
Capitalism is about solving problems, including supply/demand problems.
As an investor, I don't care if money comes from mining slowly or as a one big sum selling the equipment.
If Avalon sold batch #1 mines for $1300, and a few months later I find an Avalon for $30,000 on ebay, then something is dead wrong here.
-Technologov
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Ken: Are you selling under the IPO price of 0.0025 ? (like 0.0022 ?)
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lewicki - who do you think is selling that much ?
Over 380,000 shares were sold in last 2 days (over 800 BTC) on BF. Yet the share price didn't move anywhere. Wall.
To me it looks like early speculators, that bought in at 0.0005 BTC. or Ken himself ?
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IMO pre-order without having actual hardware to sell will result in another BFL fiasco.
Few ideas:
1. Cheap NRE at 45 nm or 40 nm instead of state of the art 28 nm. How much will it cost and what are the downsides?
2. Investors (shareholders) vote to decrease dividend to just 10% profits for the next 3 years. This will create growth fund for future expenses. In the real world no start up pays any dividend for many years.
-Technologov
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Are BitFury are traded on any exchange ?
They seem to be a new people in town. New group. But dunno if they are real or a scam.
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Are the stocks of Bitfury traded on any exchange ?
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