I invested btc, not dollars.
I therefore measure success or otherwise in btc ... not dollars.
Yeah ok, but if you're waiting for "success" with this investment then good luck. - Once we hit halving only a handful of companies will survive. - We need to be making close to 18,000 bitcoin per year to return 25,000 to investors before halving. Remember the 50% split. I measure success as getting the same dollar value out, because right now I am down 20 times in dollar value and 50 times in bitcoin value. |
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btw, where is this number coming from? is that what all 10mil shares went for originally? 25.000 bitcoins?
All the investors were promised 0.0025 btc per share. This is the knowledge that we had when we invested. I'm not sure if 25,000 btc were ever raised as their was two IPO's and apparently it was quite messy at one point. But the point is, the investors were meant to make at least 0.0025. Of course many of us would be ok with getting 0.0005 - 0.001 as that would represent the same dollar value that many of us invested with. |
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Now that it's fixed.. When can we expect to see 120th?
Is there a plan to upgrade the AC to bring more th online?
Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat. As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins. What we are expecting is that during the next year bitcoins will go up in price. what about the 25,000 BTC you owe investors? price of bitcoin doesn't matter in this context... Ken needs to earn us about 12,000 bitcoin per year before halving to get us a ROI. To be honest, even if Ken can get up to 8,000 bitcoin per year I would be happy. Although I get the feeling that making 1,000 bitcoin per year will become the default as I am unsure how Ken intends to survive Hashfast and also get thousands of TH online in the next few months. |
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There's absolutely no evidence of any investigation beyond Slaughter's own claim.
Not sure how you arrived at this conclusion. We know for certain that the MSD is gathering evidence for an investigation. I have arrived at that conclusion at a particular point in time, drawingthesun. The point in time where that conclusion was justified, i.e before (magzy's?) email became public knowledge. Temporality implies flux, drawingthesun. Shit changes. Fair enough. |
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We really need to know what happens to us once Hashfast go bankrupt so that we can make an informed decision with our shares.
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Now that it's fixed.. When can we expect to see 120th?
Is there a plan to upgrade the AC to bring more th online?
Next couple of days, we have racks ready to start up tomorrow, which we could not run due to the heat. As far as the AC, that is all we have in this datacenter; however, we should be able to run this and and have income of ~$600,000 is the next year at the current price of bitcoins. What we are expecting is that during the next year bitcoins will go up in price. Ken, you know that this company needs income around the $10,000,000 - $50,000,000 mark to actually have any chance of surviving. We need to be in a position to add many PHs and need a new datacentre for that. I really hope the plan isn't to mine 1,000 bitcoin per year. |
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There's absolutely no evidence of any investigation beyond Slaughter's own claim.
Not sure how you arrived at this conclusion. We know for certain that the MSD is gathering evidence for an investigation. |
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As with all coins, the distribution method is always the sour grapes part.
Many proof of work coins are hyper mined in their first days and some proof of stake coins have almost their entire coin distribution owned by a small select few. Even NEM tries to fix this by having 4,000 people share the adoption of the genesis block, but really, 4,000 people is very low. Perhaps if a proof of stake coin such as Nxt instead had it's original distribution made over a million verified people it might work.
In the long run if proof of stake can work it will beat proof of work, especially the proof of work that burns energy without any other gain than security of the network. If Bitcoin were to become the de facto world currency it's calculated that several percent of humanities energy usage would be Bitcoin mining. Basically that is a disaster.
The trick is initial distribution and coin release schedule.
If something like Nxt was created where millions of people had a part in the genesis block it might actually take off.
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-POS means high inflation. Of course it is nice to get 100% interest on an asiacoin but that also means the coin is not scarce so its value will after the initial pumps probably decline while the high pos-interests last.
Is this always the case? I believe that Nxt has very low inflation. |
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Hashfast seem to be disintegrating right now and admit that they are almost broke. I hope the Hashfast deal isn't the only thing in the ActiveMining warchest, this would have been a good time for our Peoples ASIC custom 28nm ASIC.
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Do we have any realistic plans to get 1,000TH+ online?
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What specifically makes you say this after watching the video?
We knew already that there are stickers on the board. Ken has also responded when asked about if they are Hashfast boards.
Seriously, what are you seeing that makes you ask this question?
I trust Vince and he mentions they could be hashfast |
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So we are using Hashfast boards? |
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If you want my two cents, ditch this prestashop bullshit and just open a Shopify store. Bitcoin integration and full accounting already built-in. Pretty templates, stable code-base, less installation and worry for you. It will free up some time to do these things in the background. +1 |
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Just another 990,000 to go!
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Further, why was the adminstrators identifying information removed from the original posts? Thankfully TAT quoted it for reference.
DT suggested the change after a kidnapping attempt on my daughter in mid-April. So you must have reported that to the authorities right? So there should be a official record of such a serious attempted crime with some police department? I'm sure there should be a record. |
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There wasn't a Maidsafe IPO. There will never be shares or dividends. If you had done your research as you claim, you wouldn't make these faux pas and wouldn't have to s**t up these threads and force others to have to read your nonsense. Please just sell up and go.
Please read: http://maidsafe.net/network-platform-licensingOur code is protected by a revenue clause that allows non-GPL codebases to be created completely at the behest of the developer, with only a very small 1% (of revenue) fee without any additional charges, such as developer programs or API keys. The revenue generated here enables MaidSafe to maintain and improve the network for the vast majority of free users, while also repaying our brilliant and patient shareholders. The 1% charge is designed to be small enough that it encourages the businesses, entrepreneurs and innovators of the future, with much lower barriers to entry than they experience within today’s server centric architecture. Compare our offering with the Apple app store, which takes 30% of the developers income while charging a yearly up front developer program fee. The people who bought MaidSafecoin are not shareholders but we are indirectly invested in the venture that is being run by a company. This was the first public offering of an asset that gives us a return and gives Maidsafe money to continue development of a product. If you read it for what it is, it's very close to being an IPO. |
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From the Maidsafe thread a mere two days ago! Lol, you double liar!
Wow 0.000030 BTC per MaidSafe.
Going down from 0.000058, such investment.
Much profit -50%
Very worth it
The investment has turned sour for us Bitcoin investors, however the Mastercoin bagholders are up 2 times on their investment. Haha I actually forgot about that reply I made. Point made sir! Although I was correcting his misinformation, as the IPO is not down 50% for all investors is it? |
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DTS, will you please sell up like you promised and give us all a break. You wanted an exit and now you have one. Oh, and stop your trademark FUD over in the Maidsafe thread as well, it's getting on my tits.
knybe, you are as bad as DTS. You've bitched and moaned like a trooper for months. Now you also have an exit so please give us all a break and take it. Either that or stop your moaning and grow a pair.
Don't worry Zum I will be gone very soon. Also I haven't posted in the Maidsafe thread for ages. I have actually stopped, perhaps read the timestamps next time. |
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Most people do not lie about serious issues especially with regard to their children.
I see your point, although I feel that many scammers in this space have so many excuses with "children" being an easy one. Will might be telling the truth. In the case that Will is in fact telling the truth, another matter comes to light. Is the onus on Will to secure his family and children (perhaps hire a bodyguard) or is the onus on the shareholders to accept that Will is now ok becoming more anonymous just as he now asks all of his investors to come out and produce full documentation. I feel the onus is on Will, he should protect his family via a guard. Using security theatre isn't very effective, his details are already out anyway. I have a huge knee jerk reaction against people running public securities who want themselves to become hidden and anonymous to a far greater extent than their investors. |
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