Are you even a shareholder Mabsark?

I can't see how when the company is still trying to create success that this would do any good for anyone.

Mabsark your favourite word is 'delusional' but just because you disagree with someone does not make their view delusional. Your view that someone is delusional because you disagree with them is ironically the delusion.

Now on to your point. Yes if customers come on here and see posts like yours and your thread about taking the company to court I think they might well cancel because you have given them the impression their orders will never ship. So you are fulfilling your own prophesy.

The only saving grace we have to the effect of yours and the Trolls negativity on customers views about asking for a refund is if btc appreciates enough to make our assets worth more. Then we can refund in fiat and still have funds to progress the business.

But please keep trolling if you really think that will help this company. Oh hold on I'm thinking you are a shareholder - are you?

I believe Ken said in the last official Progress Report that we have liquid assets of over 2mill USD. Now he isn't going to say we have that much if he intends to scam OR if he intends to wind the project down and let us down slowly.

So we must accept he is making a go of it. That reported 2mill in assets (cash and btc) will need to be accounted for should the business fail. So if Ken thought the business was close to failing he would not have said we had so much in the bank. Infact he would have paid most of that out to himself as wages and costs before the accounts were done for this report which is only 5 weeks old.

Whatever you come up with it needs to be able to ring to the ear as well as:

'one dollar fifteen cents' does or
'two euros fifty' or
'ten pounds and twenty five pence'.

In other words you need two quantities ie dollars and cents/pounds and pence which work together verbally.

You can't possibly have something priced in a shop at 'one millibitcoin and thirty five microbitcoins'. It's absurd.
Neither can you have something priced at 'point zero zero zero two three one bitcoins.'

Check-out girls are not going to like it.

Nothing really. Lloyds make money from insurance and here they are assessing the risk to an asset from theft or loss. Nothing to do with BTC as a currency or asset class.

Try deleting your cookies, that has been an issue with btc-e before.

I no longer use my account so I just entered 4 wrong passwords and was blocked for 30mins, so keep trying.

You are not getting the central point which I tagged as being 'the central point':

 'if the ACtM farm is able to grow month on month to either meet or exceed global hash increases in essence it does not matter if it opens Dec 2013 or March 2014. BTC could be being mined profitably by ACtM for the next 10 years. A 3 month delay represents a tiny percentage point of lost profit over that extended time.'

Vince you are clogging up the thread with that huge quote, quotes are best edited when that length. Cheers.

There is no evidence that would suggest that's the case.

Crypto-Trade/ACtM/Details/Products and Services:

'AMC through VMC expects to sale 1 Million of its 28nm Bitcoin Mining Chips in 2014.  After AMC recoups its
NRE of ~1 Million dollars, then AMC expects to receive ~40 Million dollars in profits from its VMC subsidary payment in 2014.  The recouped NRE and profits from VMC will be used to make AMC the largest Bitcoin Mining Farm in the world......mwah-hahaha'


So in terms of defining success, maybe most people are thinking too short-term with this project?

Let's accept the chips have been delayed (by up to a month) and the boards adds another month, possibly for a total of 2 months delay (depending on when the new firm was hired and board design was begun). Now there are 12months in every year, and what people seem to be panicking about is time to market with difficulty ever rising. But you can only operate as a successful farm for an extended period if you have efficient boards and chips. It doesn't matter if you start mining in January 2014 or March 2014 - with energy hungry boards and chips you will only have a finite amount of time to mine as your equipment will become obsolete when energy cost outstrips FIAT returns from BTC. So it doesn't matter when you open your power hungry mine - a few months down the line your costs will outstrip mining profits and the farm will have to close.

Now the situation we have with ACtM can be seen as the opposite of that scenario.  Ken is (slowly) progressing towards a very power efficient board and chip combination with a very powerful chip which will have Intellihash optimization code applied to it. Unlike deployment of a power hungry setup, this combination is nimble, light on it's feet, and so will have a far extended lifetime to mine profitably.

So with these two scenarios you have either an early-to-open farm that has a finite lifetime or a late-to-open farm that is sustainable into the future as it's costs are adequately met by FIAT returns from mining.

Now the central point to that is: if the ACtM farm is able to grow month on month to either meet or exceed global hash increases in essence it does not matter if it opens Dec 2013 or March 2014. BTC could be being mined profitably by ACtM for the next 10 years. A 3 month delay represents a tiny percentage point of lost profit over that extended time. So the key thing in year 1 of this project is getting the fundamentals in place which will allow ACtM to operate a sustainable farm that is able to grow with rate difficulty and pay good divs to shareholders.

Now that's the farm side covered. I'd like shareholders to consider chip-only sales (which could be huge if the chip is priced well) and professional and home rig sales too.

In summary: time to market is not, as most people seem to think, the crucial aspect of creating success in the BTC mining industry. What is crucial is producing cost-efficient machines and being able to keep producing these machines through 2014 and into 2015/16/17 etc.

There is still a very large upside potential to this project. Should this currency continue to appreciate, ACtM will have the funds and suppliers to roll out hardware at an unmatched pace within the hardware and mining industry. Major success for ACtM depends on the value of btc - while minor success (being the full IPO II price refund of 0.0025btc per share) is as good as guaranteed.

Either way, no-one is loosing their money here. As always - keep calm and carry on.

No doubt - that is excellent news.

So if I get this right - if BTC continues to rise in value it will open up revenue streams that will mean I find that I have shares in one of the biggest BTC hardware AND mining companies on the planet??

Bring on February.


 

10:1 winner, you also win 110 Dollars!

10:1 payout. You win 110 Dollars!

I'm taking bets.

When will the tantrums start:

Within 5mins after the latest update - 10:1
Within 10mins after the latest update - 6:1
Within 30mins after latest update - 2:1
No tantrums - 100:1

No update - 45:1

I don't know the details, all I know is he said he couldn't log in, his IP was barred. That may have changed or he may have got round it I don't know.

I think he thought he had a life-time ban as his IP was banned. It may have been unblocked now? It doesn't make him a liar. I wish you wouldn't try to stir up arguments. It's all you ever do. It's such a petty little point anyway. Good day.

I'm not being funny but can you explain that a bit more. I just don't get it. If it's because I said he was banned but now he's posted well he told me via email his IP was banned and that was the last I heard from him. It seems he has somehow got back on here. Maybe his IP wasn't banned?

Can I ask what the point of that is?
Please keep it brief. I don't want a massive argument with you Mabsark - which is all you seem to do when you turn up here.

I really don't understand why you would/did think doing transactions in Bitcoin - even if the recipient instantly converts the BTC to FIAT - is bad for the bitcoin economy. You are/were saying business is bad for business. The business recipient needs to create a wallet and create an exchange account all of which supports and enlarges the bitcoin economy. And the payee must invest FIAT into BTC increasing the market cap of the currency - however short-term that might be. Look at it this way, if every small business held a BTC account for paying suppliers and every supplier held a BTC account for paying their suppliers and every small business had a company wallet where BTC was accepted and sent out from then the demand/need for actual BTC coins would increase greatly. There will always be a lag or turnaround period when BTC is held by these paying and receiving businesses before the conversion to FIAT takes place. That may average 2 days (or many more) but if 10Mill small businesses use BTC then every day of the year you might expect 1Mill businesses to have live BTC balances in their BTC paying/receiving Wallet. This creates a 'payment system' type demand for the currency. You will also find some businesses hold some of their BTC in order to use it to pay their own suppliers. It's a positive loop feedback scenario.