What do you think about the chances they will charge everything on BTCT as illigal investment offerings? Are you confusing BTC-TC with BTCST? |
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This may come as a surprise to you but US law is irrelevant outside the US and these exchanges are not US based.
Look at Liberty Reserve for how well that argument worked out for them. What does that have to with the fact that the SEC has no jurisdiction outside the US? Liberty Reserve was taken down through collaboration, not the SEC forcing US law upon sovereign nations. |
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I've softened my post a bit with some stealth-editing. The message remains the same, though: Unregistered exchanges servicing US customers are not flying under anybody's radar. US entities issuing "securities" aren't either. None of this is "virtual" from the SEC's perspective. An investment is an investment. Denomination in BTC does not exempt it from such.
Who exactly are these "Unregistered exchanges" and "US entities" you are talking about? |
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What do you think about the chances they will charge everything on BTCT as illigal investment offerings?
I think they are pretty good, actually. From the attendant Investor Alert: " the fraud may also involve an unregistered offering or trading platform" and, here's the real kicker: " Any investment in securities in the United states remains subject to the jurisdiction of the SEC regardless of whether the investment is made in U.S. dollars or a virtual currency. In particular, individuals selling investments are typically subject to federal or state licensing requirements." I have, of course, counseled my clients on this point for some time. Looks like I was right. Attention Unregistered Exchanges, Perpetual Mining Bonds (PMBs), REITs, and other members of the Bitcoin investment space: The SEC has explicitly indicated its intention to apply the already-existing laws to your security. You are selling securities in violation of the Securities Laws. Come into compliance, and do it quickly. any comment for those of us on the investor side of the equation? i.e. folks that are purchasing stocks, bonds, etc on these exchanges? I don't live in the US and I'm not using US based exchanges. What more is there to say? |
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What do you think about the chances they will charge everything on BTCT as illigal investment offerings?
I think they are pretty good, actually. From the attendant Investor Alert: " the fraud may also involve an unregistered offering or trading platform" and, here's the real kicker: " Any investment in securities in the United states remains subject to the jurisdiction of the SEC regardless of whether the investment is made in U.S. dollars or a virtual currency. In particular, individuals selling investments are typically subject to federal or state licensing requirements." I have, of course, counseled my clients on this point for some time. Looks like I was right. Attention Unregistered Exchanges, Perpetual Mining Bonds (PMBs), REITs, and other members of the Bitcoin investment space: The SEC has explicitly indicated its intention to apply the already-existing laws to your security. You are selling securities in violation of the Securities Laws. Come into compliance, and do it quickly. This may come as a surprise to you but US law is irrelevant outside the US and these exchanges are not US based. |
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Due to lack of interest; we have decided to discontinue this offering. The handful of users who have placed orders will be happy to know that instead of refunding; we will be hand assembling and fulfilling your orders out of prototype chips. You can expect to receive your devices in August, a full 3 months ahead of schedule.
We are open to leasing our design if anyone is interested in printing their own usb3 miners from chips. Please contact us via PM or E-mail ( info [at] bitcentury dot io ) to discuss arrangements.
It should have been obvious there would be little interest in this product. Just compare it to a 5 Gh/s BFL. Your LittleFury has: - a lower hash rate
- a higher price
- a longer delivery time
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If you Look on BTC-TC, somebody is trying to buy 900 shares at 0.0041, which just seems insane to me. Given that you can get 5 Mh/s from DMS.MINING for around 0.015 BTC (0.003 BTC per Mh/s), that you can make more profit trading the DMS assets and that the DMS assets now have greater volume, what is your reason for buying TAT.VM?
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Ok boys help me out here. I just got the dividend payout, but now of course the price has dropped sharply. In fact I have essentially lost money, since the dividend is less than the % share drop.
Has it been the trend in the past for the share price to regain it's value relatively quickly afterwards?
The last trade at the time of writing this was 0.028249 BTC and it was trading between 0.028 and 0.031 for most of the past round. So, it hasn't really lost much value at all. |
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SLight delay is because the wallet balance didn't exactly match what was in the spreadsheet. Turns out I hadn't scheduled todays MINING dividend. That's going through now - after which everything should balance and SELLING dividends will go out.
Don't forget to re-enable PURCHASE. |
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Yeah SELLING dividend won't be tomorrow.
After I do tomorrow's dividend I'll post a dummy report for the next day - showing what dividend would be assuming no further profit from investments and no further sales of PURCHASE.
It definitely looks like being around .008 - unless investments go up or down a lot (J-D can fall as well as rise - at present it's slightly up from last report).
This post is confusing due to the time it was posted. Just to clear things up, will SELLING be paying out on Friday or Saturday? |
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Somebody placed a 250 shares buy order at btct (> 1000 BTC)  I'm curious to see if it is manipulation or not... If that's for investment and not speculation then that person will be banging their head against the wall when they learn of DMS.SELLING. Costs 0.031 BTC per share and will be paying out around 0.008 BTC probably on Friday. Those 250 shares at 4.27 BTC each could purchase 34,435 shares of DMS.SELLING at 0.031 BTC each, which would make 275 BTC by this Saturday. You can't buy 35k of DMS.SELLING at 0.031 because only like 293 are available at that price. It has no liquidity for a guy like that. In addition DMS.SELLING doesn't work like that. You're full of something, and it aint facts. You should really back up out of this thread slowly. Save some of your dignity Mabsark. Just like he couldn't buy 250 AM shares because there wasn't 250 shares available at that price at that moment in time. There is however 38,454 shares outstanding so it is actually a possibility that someone could buy 35,000 shares for 0.031 BTC each. ..... Really? REALLY?? ? ?? Outstanding IS NOT EQUAL TO for sale. There's only 3341 DMS.SELLING for sale. There's 1541 AM for sale. He would only bring it up to 4.7 buying 250 of AM. He would bring it up to 0.053 buying DMS and STILL NOT FILL HIS ORDER. 0.053 is MUCH HIGHER than 0.031. 4.7 IS NOT MUCH HIGHER than 4.3. Do the math. I'm officially sold you are a troll of epic proportion. Sometimes it seems like you're speaking sense, like that AM hardware is not cheap may not fulfill ROI, but most times you're just a trollin AM hater. Did I say that outstanding means they are for sale? No I did not. What I'm saying is that if he placed a bid for 35,000 shares at 0.031 BTC per share, then it is possible that those bids could be filled. While that is almost certainly unlikely to occur, it is still a valid possibility. That is a fact which does not depend on the number of shares currently for sale. Just because I don't take part in worshipping AM, doesn't mean I hate them. I'm just looking to make profit and at the moment, DMS.SELLING is easily the most profitable asset available. I just think AM is overpriced at the moment and have stated my reasons for why I think that. I want AM prices to fall to a price I think reasonble, and then I will buy more shares. Unfortunately for me, I think I'll have to wait a few months for that to happen when the competition is out in full force. You guys can call me a troll as much as you want. Posting facts, backing them up and replying to people who have replied to you is not trolling though. I'm not trying to wind you guys up for a buzz, I'm simply trying to bring some reality to a thread were people are claiming AM to be worth 10+ BTC. |
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Somebody placed a 250 shares buy order at btct (> 1000 BTC) I'm curious to see if it is manipulation or not... If that's for investment and not speculation then that person will be banging their head against the wall when they learn of DMS.SELLING. Costs 0.031 BTC per share and will be paying out around 0.008 BTC probably on Friday. Those 250 shares at 4.27 BTC each could purchase 34,435 shares of DMS.SELLING at 0.031 BTC each, which would make 275 BTC by this Saturday. You can't buy 35k of DMS.SELLING at 0.031 because only like 293 are available at that price. It has no liquidity for a guy like that. In addition DMS.SELLING doesn't work like that. You're full of something, and it aint facts. You should really back up out of this thread slowly. Save some of your dignity Mabsark.  Wow.. 250 buy order guy, please stop pushing it up. Just chill and wait for some sells.  Just like he couldn't buy 250 AM shares because there wasn't 250 shares available at that price at that moment in time. There is however 38,454 shares outstanding so it is actually a possibility that someone could buy 35,000 shares for 0.031 BTC each. |
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Somebody placed a 250 shares buy order at btct (> 1000 BTC) I'm curious to see if it is manipulation or not... If that's for investment and not speculation then that person will be banging their head against the wall when they learn of DMS.SELLING. Costs 0.031 BTC per share and will be paying out around 0.008 BTC probably on Friday. Those 250 shares at 4.27 BTC each could purchase 34,435 shares of DMS.SELLING at 0.031 BTC each, which would make 275 BTC by this Saturday. |
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What do you think about that, Mabsark?
please don't feed the troll... This. Mabsark lives in fantasy land where promises from every company have equal bearing devoid of reputability. You guys are the ones living in a fantasy land where AM is the only ASIC maker and the competition does not even exist. Look at the claims I've actually made in this thread. I said 5 BTC was too much for an AM share and that prices would drop. That's precisely what happened. I claimed that dividends from both mining and hardware sales would drop as the competition started to heat up. That's precisely what we're starting to see. Once again, posting maths and facts does not make a troll. Quite the opposite, it makes me one of the only people here that is actually posting comments that are not pulled from my arse simply to inflate the share price. Just because you disagree with me, that does not make me a troll. The fact that you can't counter my arguments except for calling me a troll or spewing nonsense like "no competitors have shipped anything" is telling. You guys are simply not interested in honest discussion and want nothing more than to engage in a circle jerk. |
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Crazy expensive.
I wish you people who don't seem to be capable of basic maths would stop spreading complete and utter bullshit in the hopes of pumping and dumping.
10 BTC for a 5 Gh/s miner is shite. Jalapenos and K16s are a third of that price at the current exchange rate. The mini Blade would have to mine about 6.5 BTC before a Jalapeno or K16 ordered today actually shipped. Based on a difficulty of 25,590,229 (about 20% increase), the mini Blade would earn 0.092 BTC per day. By keeping the difficulty constant, it would take 66 days to mine 6.5 BTC. If we assume the difficulty increase by 15% per pound, then we get the following:
0.0982 * 12 = 1.1784
0.0851 * 12 = 1.0212
0.0740 * 12 = 0.888
0.0643 * 12 = 0.7716
0.0559 * 12 = 0.6708
0.0559 * 12 = 0.6708
0.0425 * 12 = 0.51
0.0369 * 12 = 0.4428
0.0321 * 12 = 0.3852
That's 6.5388 BTC over the next 108 days after this coming difficulty increase.
Once again, ASICMiner has set its prices to rip off gullible idiots who can't count and the competition, even though they're not shipping from the shelf yet, is still more profitable.
Oh look! It's Mabsark posting about how AM products are overpriced and that its competition is far superior. Must be div day! If I'm wrong, then show me how I'm wrong. |
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He might want to consider using a price of at least $1900.00 for a Jalapeno because that is what it costs currently to get your hands on one through the secondary market.
Interesting. That means a Jalapeño delivered immediately is actually around 25 BTC, which means that the new AM Mini-Blade will be much, much cheaper. What do you think about that, Mabsark? 25 BTC for a Jalapeno is taking the piss. |
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I'm a miner. I want to buy mining hardware.
You cannot mine with promises. That applies to these new Blades as well given that they've only just been announced and haven't shipped yet. |
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Let's have this debate once more please.  Place on ignore and move along  Go ahead, less idiots to respond to and my comments will go unchallenged. |
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I did not realize nothing was more profitable than something... shit, learn something new each day
You can keep repeating that nonsense as much you want, but you'd have to be the most idiotic of idiots to actually believe that BFL hasn't shipped any products. Jalapenos are currently mining as we speak, can the same be said of mini Blades? So yes, something (Jalapeno) is more profitable than nothing (mini Blade). BFL are currently saying all back orders will be shipped by September, that's only 2 months away. K16s will be shipping as well by then. Like I have just shown with maths, instead of the nonsense spewed by you pumpers, it would take 2 months of mining with no difficulty increases for a mini Blade to be as profitable as its competition. That's not going to happen. Instead of spewing nonsense, how about you show some maths which would indicate that these devices are at least as profitable as a Jalapeno and K16. You won't do that because you can't. Your post is full of optimistic assumptions. The mini blades will be shipping out extremely soon (they were just announced ffs) and AM already shipped out tons of blades in the last 2 months, way more than BFL is capable of putting out. Also, only a handful of BFL's higher end miners have been shipped while the vast majority are still waiting two weeks™ for theirs. I don't think it really matters whether these new mini blades will be profitable; the argument is that BFL has a year of backlog to deal with and there is no reason to believe they will suddenly ship everyone's unit in 2 months. Neither is there a reason to believe that KNC will be any different than Avalon/BFL in terms of delays. That's not the argument at all. The only reason I even mention BFL is because it has a 5Gh/s miner and is therefore a competitor. The argument is precisely the profitability of the mini Blade vs that of the competition. To pretend otherwise is simply a smokescreen to avoid the fact that these Blades are still overpriced. I'm a miner. I want to buy mining hardware. I will not be buying any of these at those prices though, because they are still less profitable than their competition. If that wasn't the case, then I'd be buying some. |
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I did not realize nothing was more profitable than something... shit, learn something new each day
You can keep repeating that nonsense as much you want, but you'd have to be the most idiotic of idiots to actually believe that BFL hasn't shipped any products. Jalapenos are currently mining as we speak, can the same be said of mini Blades? So yes, something (Jalapeno) is more profitable than nothing (mini Blade). BFL are currently saying all back orders will be shipped by September, that's only 2 months away. K16s will be shipping as well by then. Like I have just shown with maths, instead of the nonsense spewed by you pumpers, it would take 2 months of mining with no difficulty increases for a mini Blade to be as profitable as its competition. That's not going to happen. Instead of spewing nonsense, how about you show some maths which would indicate that these devices are at least as profitable as a Jalapeno and K16. You won't do that because you can't. Because BFL definitely definitely delivers when they say they will deliver. Right? Guys? So, because they haven't lived up to their promises in the past, does that mean that then can't possibly live up to current and future promises? Of course not. Like I said though, 2 months assuming difficulty does not increase, 108 days assuming 15% increases per round. Do you think BFL will have shipped today's orders within 3.5 months? Also, BFL isn't the only competition. Like I said, K16s will be shipping within 2 months. |
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