Just gonna throw my two cents into the ring here:
I know a bet was submitted around that time that was rejected that didn't include the power requirement clause. Now why would that bet be rejected? Seems to me that it would be because our good friends at MPOE wanted to scam more people out of money...
As a side note, the 5 GH/s miner has always been listed at the power requirement and performs within the advertised specs. If the bet was made after the announcement of the 5 GH/s miner, then BFL delivered as advertised. If the bet was made prior to the announcement of the 5 GH/s miner, then therein lies the confusion. I don't know much about this bet, as I don't keep up with the betting sites, but I'm just giving food for thought.
Hate to say I told you so, but this type of resolution is exactly thing kind of thing I'd expect from MPEX heh.
How about that 1000btc bet you made? |
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What about a set price and the ability for all shareholders to buy one, just one, so those of us without hundreds of BTC can actually get and hold an actual piece of AM? And after say a week and all shareholders have had the ability to buy one at say cost, or just over cost the auction goes hog wild. I have all my BTC invested... I don't wanna sell my shares of anything just to buy one but I really want one.. as a shareholder shouldn't we be able to have a small slice of the pie. I am not asking for a handout, Those usb things are just a genius idea and I would love to have one!
Naelr
What you ask for is very biased to your own position. It is too impractical to implement. Also, does Google give special preference to their shareholders for new products? Remember, AM does not owe shareholders special treatment, just their fair share of the company and its distributed profits. |
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come on, how long does it take, in the meantime two more exchanges are born: bter and mcxnow... competition is much harder now that a month ago!
Scams take time, be patient! But really, I hope this not some scam, we could use more exchanges... |
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To anyone that is interested, I have gone live with a new fractional passthrough of ASICMINER shares. You can learn more about how it works and why someone might be interested here: https://bitcointalk.org/index.php?topic=192498.0You can buy the shares on Bitfunder here: https://bitfunder.com/asset/TAT.ASICMINERWhile I think this is relevant to this thread, it's possible I am biased and some of you will be angered at this "shameless self-promotion". If so, you can take comfort in knowing that I will pay the price in hell upon my day of reckoning. |
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Who you trust and why is your decision to make. I was just pointing out that comparing friedcat to pirate is an absolute non-rational stupidity. You may want to have a look on wikipedia what a ponzi scheme is. it requires new investors to pay the old ones. how could friedcat do that, if everything he got from investors is already paid back in double and he never sold a share since ipo??? get your logic straight and dont spread flawed speculation from your gut feeling, because you trusted someone else and got screwed. Seriously, I dont mean to offend you, but that's just wrong.
Please don't take this the wrong way, but we have no insight into how the company is run so there's no way to know whether this is exactly what happens. I trust friedcat until he proves I can't, I understand the strains of running a startup (I've done it multiple times myself), and I know it's difficult to cater to every whim an investor craves. Nobody is claming friedcat, AM, or BF is in any way deceptive. Out story so far indicates the exact opposite; friedcat has been very forthcoming with information on a short-term basis. That's great, we're kept in the loop on day-to-day operations and that certainly has value. AM has the makings of something really, really big. They are first movers, they have proven reliability in delivery, and they hash faster than anyone. This could very well be the next Apple, valued at hundreds of billions in five years. However, it can also be the next complete and utter failure, not from any malice but from not anticipating some factor that we can't predict now. My point is that AM can prove to the world that BTC investments are real, that they are valuable, and that we can play the game of big money. That game, however, is played with some predictability and with some plans longer than "I'll pay tomorrow once I get some sleep". That sleep is probably more deserved than anyone's has ever been, but for investors to even consider putting any real money into this game (and I'm not talking speculating in BTC/USD in general, I'm talking BTC investing) then we need to have a poster child for how an asset is run. .b Sounds like you'd prefer to have less direct access to info from the CEO. Then when AM starts operating more like an American corporation, you'll say "You used to tell us whenever you took a nap! WTF!" |
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I have to side with the lady here. I recently opened a new asset offering up for discussion and it only took a few hours before someone questioned me taking a management fee of 5% of dividends, which currently amounts to about 1% yearly of the actual value of the asset.
If you want McDonald's employees running your assets, then your assets might start to appear on the dollar menu.
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I have yet to have to deal with a barrage of PMs, but I have to imagine that if I were frequently asked certain questions, I'd be prone to creating a FAQ page in response.  |
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I support the idea, in fact I think I was the one to propose it, but I can not see why this would cost anyone 5% of dividends. Both the regular PTs have waived their dividend fees, and I'm fairly certain the effort involved in issuing one command per week isn't worth those 5%. If you get half the size of the BTCT PT, that'll be over ฿3 per week for essentially issuing one command.
When I suggested the idea, including a fee, I was thinking something along the lines of 0.1% upwards limited to ฿1 per week or something like that.
The same goes for the other 100PT that was announced on BTCT, BTW.
Finally, I dislike the idea of running a mining operation as part of a PT, but that's solely a personal preference in that I like to keep my interests 'clean' from additional variance whenever possible. I would much prefer that the board, if received, would go into a separate stock.
.b
Thank for your comments, I'm glad you asked about these points! Management Fees5% is a very little when you consider the work, responsibility, and risk at play here. Even if we build this asset up to 500,000 fractional shares (enough for a board seat), the management fee would likely end up being worth roughly $800-$1200 per month. That is not very much considering that would also mean being responsible for more than $500,000 worth of assets. The fact is that doing this work responsibly does take time. If you look at the majority of asset operators in the cryptocoin world, I think you would agree that most do a poor job of maintaining its growth, and an even worse job of communicating with shareholders. That is not how I do things. Seeing the laggard laggard and scammy ways of other operators is partly why I am getting into this game, because I know I can play it better, and I know shareholders deserve better. If you want a quality operator, you must expect for that operator to be compensated fairly. This asset is not a way for me to make a million bucks, it is largely a way for me to further make a name for myself and allow me to create new opportunities for myself and other bitcoiners. You must consider that in the case of Burnside's ASICMINER PT, he gets a lot more money from trading fees, more than he could ever get from a single-digit management fee. He was forced into forgoing his management fees in order to stay competitive with the competing passthrough at Bitfunder. Now, Bitfunder's incentives are similar as well. DeadTerra is a big part of Bitfunder and Ukyo's success, and the more trading that happens at Bitfunder, the more they both benefit. This is why you see no management fees, both of those exchanges have much larger alternative incentives. Neither is doing it strictly for the community. Mining I do have experience mining, and run a modest litecoin mining farm currently. The only reason it is a part of this asset is because Friedcat mentioned he may provide such a benefit to board members. I would like to share that benefit with shareholders when it finally happens, as well as any other tangible benefits that can reasonably be allowed to be shared. I suspect most people would disagree with you about splitting a board into a new asset. Plus, it's only one board, and not likely to be worth a stand-alone asset effort. |
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Just wanna share an observation  |
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I don't see any purpose for either of these pass-throughs. Fractional share purchases could be enabled on the existing passthroughs with a minimum transaction fee to prevent abuse.
It's okay, we won't make you buy any. Or will we?  |
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I'll probably release shares in waves, while keeping an eye on demand. I am also initiating one or two more bulk deals before the IPO. Expect 20,000+ fractional shares to be available, but I'll be working with a much larger pool than that.
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I might be interested if there was someone else running this. I am also not a fan of management fees, hence why I stick to DeadTerra's BitFunder passthrough
There is someone more reputable managing an asset like this, that also already owns a significant amount of shares to get things started. |
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Looking forward to this so I can take my G.ASICMINER-PT dividends and buy some of your split shares until I have enough for a full share.  This is a great way to use the asset. Buying the split shares allows for easy reinvestment, and thus compounded interest. |
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I was not aware of Rodyland's offering until he posted his thread today. Hopefully this doesn't present issues with approval on BTCT, as I did take the time to vet this with Burnside and get his support.
There are distinct differences and advantages in my offering as well, so please read carefully and feel free to ask questions!
One advantage is my asset will be represented on two exchanges, making board seat status more likely to be achieved. My terms are arguably simpler as as well.
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Announcing a new way to invest in ASICMINER, the TAT.ASICMINER split-share passthrough. https://btct.co/security/TAT.ASICMINERYou'll find the full details below. TAT.ASICMINER Asset, by ThickAsThieves.Investments
This is asset is being offered for the following purposes:
1. To provide an additional venue for investors to buy or sell ASICMINER shares more easily by splitting the shares.
2. To provide an easy way for ASICMINER shareholders to reinvest their dividends to maximize compounded interest opportunities.
3. To consolidate enough ASICMINER shares so as to reach 5,000 whole shares, thus increasing their inherent value with potential access to ASICMINER’s established and future board member benefits, namely any hardware opportunities ASICMINER provides exclusively to board members.
Shares
Each 1 share of TAT.ASICMINER represents 1/100th of a share of ASICMINER maintained and verified by either Friedcat or any officially designated exchange, and has rights to 1/100th of the dividends of a whole ASICMINER share.
Dividends
Each TAT.ASICMINER share has the right to 95% of its respective dividends. 5% will be retained for asset management fees. The amount of the dividend is defined as the same amount distributed by ASICMINER to the shares held by the issuer for this asset. Dividends will be paid within 48 hours or less of confirmed payments from ASICMINER.
Voting Rights
Any public votes presented by ASICMINER will be decided by the issuer for all asset shares at his own discretion.
Quantity and Source of Shares
Shares cannot be imported or exported by shareholders, but can be freely bought and sold. Shares may be imported at will by the issuer alone.
Additional Dividends or Benefits from Board Member Status
Once the passthrough reaches 5,000 whole ASICMINER shares (500,000 split shares) it may receive a board member seat. If board member status is confirmed, and Friedcat follows through with the plan to give each board member a trial ASICMINER mining board, any income generated will be shares as follows:
85% of the mining income will be paid out to the shareholders of TAT.ASICMINER on the same weekly dividend schedule ASICMINER currently uses. At the discretion of the TAT.ASICMINER issuer, these extra dividends may be distributed sooner.
NOTE: This passthrough exists on both Bitfunder.com and BTCT.co, but acts as only ONE asset, and is thus only eligible to share any board member benefits as ONE seat, among ALL TAT.ASICMINER shareholders.
Reserved Rights
Issuer reserves the following rights.
1. To change schedule of dividends to be in line with any changes in schedule the underlying asset may enact.
2. To change the % of board mining profits withheld if expenses, like electricity, are not covered by the 15% portion being withheld.
3. To make changes to this contract that represent the best interests of its shareholders
4. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
5. To limit the total amount of shares allowed within the asset once it has reached 5000 whole shares (500,000 split shares).
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, the following methods may be used for dissolution in any combination:
1. A new operator may be vetted and chosen by ThickAsThieves to take over control of the asset.
2. Shares may be bought back from shareholders at a reasonable market value.
3. Shares may be converted to direct whole shares and redistributed to shareholder e-mail accounts with Friedcat.
4. Shares may be converted into equivalent whole shares on any other existing ASICMINER passthrough or exchange and redistributed to shareholders.
Issuer Info
ThickAsThieves is a Tier 5 BitFunder trader, and has offered identity information privately to BTC-TC as a gesture of good faith, and an avenue for emergency contact.
A “dead man’s switch” will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuer’s untimely demise or hospitalization.
ThickAsThieves makes no guarantees in the case of unexpected behavior of the underlying asset company or the decisions of ASICMINER and/or BITFOUNTAIN. This is only a passthrough, and the actions of ASICMINER will drive the definition of this asset in kind.
IRC: on Freenode, ThickAsThieves
E-mail: tat.investments -at- gmail.com |
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Announcing a new way to invest in ASICMINER, the TAT.ASICMINER split-share passthrough. You'll find the full details below. This is asset has already been approved to go live on Bitfunder later this week, but I wanted to pre-announce and give everyone an opportunity to ask questions. Thank you! TAT.ASICMINER Asset, by ThickAsThieves.Investments
TAT.ASICMINER represents fractional shares of the ASICMINER Mining Company. ASICMINER is a market leader in the bitcoin mining industry, creating various mining equipment for sale, as well as running their own mining farm.
Proceeds from mining and sale of equipment are distributed to shareholders as weekly dividends. This asset represents fractional passthrough shares of the underlying asset, receiving a proportional amount of dividends for each share.
This is asset is being offered for the following purposes:
1. To provide an additional venue for investors to buy or sell ASICMINER shares more easily by splitting the shares.
2. To provide an easy way for ASICMINER shareholders to reinvest their dividends to maximize compounded interest opportunties.
3. To consolidate enough ASICMINER shares so as to reach 5,000 whole shares, thus increasing their inherent value with potential access to ASICMINER’s established and future board member benefits, namely any hardware opportunities ASICMINER provides exclusively to board members.
Shares
Each 1 share of TAT.ASICMINER represents 1/100th of a share of ASICMINER maintained and verified by either Friedcat or any officially designated exchange, and has rights to 1/100th of the dividends of a whole ASICMINER share.
Dividends
Each TAT.ASICMINER share has the right to 95% of its respective dividends. 5% will be retained for asset management fees. The amount of the dividend is defined as the same amount distributed by ASICMINER to the shares held by the issuer for this asset. Dividends will be paid within 48 hours or less of confirmed payments from ASICMINER.
Voting Rights
Any public votes presented by ASICMINER will be decided by the issuer for all asset shares at his own discretion.
Quantity and Source of Shares
Shares cannot be imported or exported by shareholders, but can be freely bought and sold. Shares may be imported at will by the issuer alone.
Additional Dividends or Benefits from Board Member Status
Once the passthrough reaches 5,000 whole ASICMINER shares (500,000 split shares) it may receive a board member seat. If board member status is confirmed, and Friedcat follows through with the plan to give each board member a trial ASICMINER mining board, any income generated will be shares as follows:
85% of the mining income will be paid out to the shareholders of TAT.ASICMINER on the same weekly dividend schedule ASICMINER currently uses. At the discretion of the TAT.ASICMINER issuer, these extra dividends may be distributed sooner.
NOTE: This passthrough exists on both Bitfunder.com and BTCT.co, but acts as only ONE asset, and is thus only eligible to share any board member benefits as ONE seat, among ALL TAT.ASICMINER shareholders.
Reserved Rights
Issuer reserves the following rights.
1. To change schedule of dividends to be in line with any changes in schedule the underlying asset may enact.
2. To change the % of board mining profits withheld if expenses, like electricity, are not covered by the 15% portion being withheld.
3. To make changes to this contract that represent the best interests of its shareholders
4. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
5. To limit the total amount of shares allowed within the asset once it has reached 5000 whole shares (500,000 split shares).
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, the following methods may be used for dissolution in any combination:
1. A new operator may be vetted and chosen by ThickAsThieves to take over control of the asset.
2. Shares may be bought back from shareholders at a reasonable market value.
3. Shares may be converted to direct whole shares and redistributed to shareholder e-mail accounts with Friedcat.
4. Shares may be converted into equivalent whole shares on any other existing ASICMINER passthrough or exchange and redistributed to shareholders.
Issuer Info
ThickAsThieves is a Tier 5 BitFunder trader, and has offered identity information privately to BitFunder as a gesture of good faith, and an avenue for emergency contact.
A “dead man’s switch” will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuer’s untimely demise or hospitalization.
ThickAsThieves makes no guarantees in the case of unexpected behavior of the underlying asset company or the decisions of ASICMINER and/or BITFOUNTAIN. This is only a passthrough, and the actions of ASICMINER will drive the definition of this asset in kind.
IRC: on Freenode, ThickAsThieves
E-mail: tat.investments -at- gmail.com |
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Please pm with offers. If price is good, I might buy more.
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I know a good charity in need of a new pet shelter, can I nominate them? (Not joking, currently working on helping them accept BTC as donations)
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