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Economy / Securities / Re: ASICMINER Speculation Thread
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on: July 17, 2013, 10:46:12 PM
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Maybe an extreme example will help. If AM shares go up to 100btc each, but the dividends stay at about .025 per week. Is a 5% mgmt fee still going to justify TAT.AM selling for 95btc? Of course not.
I agree with everything you said except this. YES a 5% management fee means TAT.AM is 95 BTC when AM is 100 BTC. Why not? Think about it this way: Eventually all stocks go to zero, no company lasts forever. If you buy and hold AM for 100BTC you'll make X BTC in dividends over the life of the company. If you buy and hold TAT.AM for 100 BTC you will make 0.95 X over the life of the company. Therefore TAT.AM is worth 95% of the regular AM shares.
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43
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Economy / Auctions / Re: [auction] 210 BTC of debt
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on: July 16, 2013, 10:52:39 PM
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WTF?! The hacker that hijacked my account for a day actually admitted to it on this thread. How incredibly odd. He placed bids on other threads which fucked up their bidding entirely...at least for you guys he admitted he had stolen my identity for his posts...and apparently the op took him at his word and ignored the bid.
I am seriously unclear what his endgame was. Seems like some of his motivation was simply to harass me and discredit my name, and I really don't remember pissing anyone off enough to warrant this. Doesn't seem he was successful at scamming anyone while disguised as me, so why the hell even do it in the first place...I really don't get it.
wat Who are you and where is this hacker admission?
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48
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 12, 2013, 03:04:17 AM
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Maybe I'm still a little unclear on how the system works, but tiny blocks with a 25BTC reward can't be healthy for BTC in general, can it? That seems like a very small amount of work with a very disproportionate reward attached to it..
There's nothing you can do about this, blocks are found randomly approximately every 10 minutes. Sometimes a block will take 30 minutes and sometimes less than 1 minute. The longer it takes to find a block the more transactions will be in it. It's just the nature of mining.
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52
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: July 05, 2013, 12:57:17 PM
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Lending in a deflationary currency has fundamentals that tend to strain common sense. One could technically lend at a zero percent interest and still make a tidy profit, since every unit of currency paid back in the future would have a greater value than those originally borrowed.
I guess technically this is true but nobody would do it. If you take a risk you want a premium over just keeping it.
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55
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Economy / Auctions / Re: ASICMINER fixed price auction 4.5BTC/share, 1000 shares
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on: July 04, 2013, 06:45:46 AM
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Dude i was complaining to you last night about how long this deal was taking, the prices were above 5btc per share then..... so YES i would still complain like i did last night, as it is the time frame being so unknown(1-5 days as mentioned) that makes me uncomfortable
This is outside of elasticband's control and if you've been following previous AM auctions you'd know that share transfers can take up to a week to complete. Friedcat is a busy man. You'll get your shares don't worry, you won't miss out on anything.
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