I'd support redirecting 50% (or more) of revenue toward growth. I believe that is the only way to stay on top of the curve and keep the dividend steady. As long as difficulty is going up there are only two paths Cognitive can take:
A) Spend a chunk on growth, pay the remainder as a (steady and reliable) dividend.
B) Spend nothing on growth, pay a diminishing dividend until there's not enough coming in to keep the lights on.
I agree. This and utilizing a futures fund when and if we want to issue more shares to expand. I will raise a motion for this after the current one ends. As an aside, I've noticed that I agree with nearly all suggestions made on this thread. This just goes to show that intelligent people invest in Cognitive  Edit: Now we just have to decide the percentage of the revenue to be dedicated to growth. I suppose this could be done by using multiple motions. One (that needs 70%) to determine whether we dedicate x% of revenue to growth, and the others (that need best yes:no ratio) to decide the percentage to be reinvested in growth. I think 50% would be optimal. We will likely be able to keep up with the latest in mining technology without temporarily diluting current shares before new hardware arrives. |
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Dividend paid! Plus my crew team did really well at our regatta today  Thanks go out to all investors, Cognitive has been a tremendously enlightening experience for me. Looking forward to getting some ASICs online in the coming months! |
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Coupons paid! Have a good weekend!
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Traded with 420, he went first. Fast and easy again, thanks!
$1200 gox left, 1:1 only!
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Sure, I'll pm you my dwolla ID.
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$1400 gox available, 1:1!
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I have $1000 GoxUSD looking for Dwolla or Bank check or ACH Deposit. I can buy BTC and send to you if you want to do it that way. You go first unless you're extremely reputable.
Thanks,
Garrett
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Another successful trade with barbstap.
$2000 gox available.
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$1700 gox available 1:1 only.
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What about having a futures asset like BFLS does. That way COGNITIVE can fund its current expansion plan but not reduce the dividend return while shareholders wait for the delivery of the ASICs.
That is definitely a good (although slightly controversial) way of doing it. If the current motion doesn't pass then this will be considered. |
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Cognitive should be doing excellently.
What's the plan B in case someone else beats BFL? The only option that I see currently is to diversify the current ASIC preorders. Currently nobody publicly plans to beat BFL, but many people are accepting the wait and going with other producers. This is another reason why we should invest in some ngzhang Avalon ASICs. |
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Wow! 5@.45 and bids at .3
I don't think I've ever seen the price that low. What happened?
Perhaps somebody lost confidence in BFL. As of now we have a significant amount of funds with them. They are supposed to be the first ASIC company to deliver, so as long as we receive the ASICs according to plan (we're one of the earlier orders) Cognitive should be doing excellently. I'm personally looking forward to the month ahead. Once we get a nice stock of ASICs Cognitive will be doing better than ever! |
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$1600 gox available 1:1 only.
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Is there also going to be a motion to make the company more growth oriented by not paying all revenue as dividends?
This is an issue that will fundamentally change the way the company operates, so a motion will be raised after the current ASIC motion. So by all means, buy up some shares after this motion if you want some more voting power! I do definitely believe that keeping some revenue for growth will prove hugely beneficial in the long term. |
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I read: no... greed sucks.
And that's all it took to make me realize that greed is indeed what causes all of the thinks I said in the OP... So yes, greed does indeed suck, and its how we incorporate money into greed so heavily that got me to switch the terms around.
"And I think to myself... What a corrupted world..."But no, this world is amazing. Its the people living on it that make it terrible. |
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With all the hate being spread around on the forums alone, one could simply conclude that money in itself sucks.
Money is the cause of almost ALL disputes around the world. But a valid argument against this is that we need money in order to have a sustainable economy.
Sure, there would be much less "progress" without money, but really where are we going as a species? The average quality of life is plummeting... I'm just glad I was born when I was rather than later.
BTW, I'm not saying money sucks because it has been a problem in my life -- it hasn't. Money is a self-imposed problem for all of us, in that we can never seem to attain enough of it. I suppose there is no "happy medium" in existence when it comes to money, therefore I don't know what I'm arguing here (yet). Hopefully we as a society of humans will find a better way to live before things continue getting exponentially worse.
I could go on with my beliefs of devolution and the like, but I'm going to go do something that will make me some money. Yes, I am a human therefore a greedy hypocrite, although I try my best not to be.
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The motion has been raised and is as follows: If this motion passes, 2550 shares will be issued at 0.62 BTC each to purchase ten Avalon ASICs, as seen here: http://avalon-asic.com/ These are currently the best priced ASICs and I believe it is the best choice at the moment. The ASICs are produced by a trusted FPGA producer known as ngzhang. Attaining ASICs from multiple sources is an excellent way to diversify and ultimately reduce risk. After this order and all our BFL ASICs arrive, we will have a total hashrate of 880 GH/s. The operator will maintain his contractually granted 10% and receive 10% of the new shares. Vote at: https://glbse.com/vote/view/143 |
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