eASIC are using a novel process they have not yet mastered, this is their first 28nm chip. If they delay and the price hits $1,000 I just cannot imagine getting my original Bitcoin value back.

Maybe you are right and I am wrong. I certainly hope you are right.

Well greed is subjective right? I figured that two things align here:

1) My average is so high even if the 0.0025 gets paid back as a dividend I will be in for a long time after that getting ROI so asking for a low price from panicky shareholders is not so bad. Remember I am only asking, it was also meant to be a bit light hearted, I am hurting from each stupid Bitcoin price rise and I guess my outlet was to ask for cheap shares.

2) Its possible Bitcoin will be north of $1,000 by the end of the year, if eASIC has a delay we could very well go below 0.0005.

Perhaps I was greedy, but am I being manipulative? The things I said could turn out to be true, no eASIC and $1,000 Bitcoins will destroy this stock, (And every other stock, nothing can survive this, the race is to the bottom for the miners and only Bitcoin holders will win this race.)

EDIT: However if eASIC start the proper batch by the end of November I don't see any reason why we can't at least overtake ASICMINER, as they are now fumbling around looking into other areas for investment. I firmly believe only a few types of companies can be priced in Bitcoins: Casinos and Mining companies.

If ASICMINER start to invest in cooling tech and such, the Bitcoin price will outpace them no matter what they invest in. In this scenario a functional ActiveMining will became the leader for public Bitcoin based mining securities.

Waiting on eASIC is the make or break for this company, you all know this! I am not sure how that is FUD.

Also I know lots of people are weak hands and want out before Bitfunder goes down. I was curious if anyone wanted out that could not sell on Bitfunder and I am all for getting my average share price down.

I have not sold one share by the way.


How is giving US citizens a chance to sell their shares for Bitcoin that is rising double digit percent everyday being greedy?

Just maybe I bought at the worst time for ActiveMining and my average purchase per share is probably 3,4,5 times higher than yours...



If you actually think I am causing damage then I will do my best to restrain, I have never taken a loss like this before and am emotional.

Sorry.

EDIT: Also every time Bitcoin rises up higher and higher I realize how much I have lost. Of course I want the company to do well but lets face the facts, no one knows anything at all!* Except Ken.

We don't know if these new miners are prototypes, we don't know if eASIC is on schedule with its experimental 28nm. Yes it is experimental that was the reason behind the NDA. This is eASIC doing a first and I want it to pay off as much as all of you.

Crumbs and Ice really piss me off, but at least they are right about one thing: The cheerleading around here is approaching cult levels fast.

Lucky you, I need them to go higher than that to be square.


You just got your dividend? I thought Ken was waiting until the 13th November.

Look ActiveMining is going up in value!

I offer 1 btc per 5,000 shares.

One day 0.00007 btc/ActM.share might seem expensive!

This entire project rests on two main things at the moment:

1) eASIC delivers our chips.
2) Ken gets the eASIC chips into miners as fast as eASIC delivers them.

At the moment we are still at step 1, and thus have nothing to do but bitch and speculate.

Just to clarify, you are offering 15 thousand shares for 1.1 Bitcoin?

If you are an US citizen and have not transferred your shares to Ken you have one last opportunity to give the bag to me!

You should still be able to transfer shares on Bitfunder, so we can make a deal.

1btc per 15,000 ActM shares.

1btc will be worth over $1,000 by the end of the month so please consider this once in a life time opportunity to pass that bag!

Thanks.

Well a few people over in the main ActiveMining thread say I am greedy and manipulative.

I guess this was my way of making light of my shares decreasing in value vs the rising Bitcoin price. Everytime I see another $10 rise in btc/usd I get a sick feeling and just needed to vent a little.

Direct shares
The issuer maintains a database of Bitcoin addresses and how many shares are owned by each one. (You own shares via a Bitcoin address you can prove you control.)
The issuer can pay dividends to this address and if you want to sell a direct share the issuer is notified that x amount of shares are being moved from address a to address b.
Like ASICMINER, the issuer normally does not provide extra escrow service. They will move shares after you prove you own the current address. Escrow for transfers is normally setup between you and the buyer and does not involve the issuer. (Otherwise the issuer spends all their time escrowing and not building miners.)

Pass through.
A pass through is a trusted member of the community that buys up lots of direct shares and offers these shares as proxy shares on an exchange. For example I might buy 1,000,000 ActiveMining direct shares where Ken sees I control 1,000,000 with address A.
Now I go to cryptostocks and issue 1,000,000 pass through shares. I promise to pay dividends that I get from Ken to the proxy/pass through shares (thats why the pass through operator has to be trusted)

Now lots and lots of trade happens on cryptostocks and all Ken sees is that I control a million shares and pays out that dividend. Ken no longer deals with the exchange, instead I deal with the exchange, and take the dividend Ken pays my 1,000,000 direct shares and I split that amoung the 1,000,000 pass through shares.

I should have went to sleep hours ago I hope that makes sense.

The SR coins? http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX

Why aim for 30,000 when you have DPR's personal stash of 144,000! https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

If a Maserati key system cannot physically accept a Honda Accord key then its more likely you will eventually generate a Bitcoin address containing 100 BTC. This is because that physical key has no ability to ever fit into a Maserati ignition assuming physical incompatibilities.

One of those things is impossible but the other is possible but highly unlikely.

I am not aware of any way a metal key can randomly morph into another physical shape with no help and assuming we don't jam it in there as hard as possible.

Of course if the keys are similar it may become possible that a manufacturing defect could randomly make a key that fit both ignitions. This all really depends upon how close these two chunks of metal are in their manufactured state.

Even if Ken makes an actm exchange, I would prefer the shares to be direct shares so that people can create pass throughs on havelock, exchangexxwhatever and actm exchange.

Direct shares allows Ken to go back to focusing on the company and not what exchange to list on.

I think I understand what you guys are saying.

So block 125125 was a chance occurrence yes, but if mined today that 18 billion diff mean it would be accepted?

Miners all the time get blocks that have a higher difficulty than what's required, so can we take the most difficult block ever submitted to the network and compare this difficulty to the known difficulty of brute forcing a 2^160 key.

By doing this we can determine how close the entire Bitcoin network of miners has got to brute forcing an address.

I know it will be no where near 0.000000001% of the way but I am interested to know.

I need the following information, but I don't know how to obtain it:

1) The most difficult block ever submitted.

2) A way to compare vanitygen difficulty with Bitcoin mining difficulty.

The issue here is every Bitcoin client will have the logic set to drive someones balance to the miners. A buffer overflow attack might be able to remotely trigger such logic and fire off the command against the users will.

I have no issue with a patched client or a different implementation having creative ideas such as this, but I am a firm believer that the official reference client should be minimal with regards to feature bloat.

EDIT: Think of it like this, you are adding another attack vector into a program that may one day be responsible for a trillion dollars of wealth.

The voice over the speaker system is giving the man the car, even if the voice is lying he might think its a publicity stunt and play along.

The OP's Bitcoin example involves the theft of Bitcoin without almost any repercussions. The question here boils down to an ethical one, without the chance of being caught do you steal a random's Bitcoins.

Many will steal them, and most of the people that will steal them have to rationalize the theft to themselves. ("No one should put so many coins in one address!", "God gave them to me", "Fate, nuff said", etc..)

However no rationalization is needed in your example because you are literally being given a car and the whole thing smells of a publicity stunt. In fact he probably expects himself to be apart of a show on TV and is probably researching hidden camera shows to see if any filmed in the local area.

I am tired and rambling, if I make no sense please disregard the above.

Yes well most people would rationalize their way to keeping the Bitcoins, making up excuses such as fate, no one used them, etc...

If I was going to keep the 100 BTC, then at least I would be honest about it! I am not interested into deluding myself into thinking that God gave me Bitcoins.

Well Ukyo and Graet are close to bankruptcy and probably using all the money on WeExchange to pay back the people they owe.

Oh wow.

Ken can you please give us some good news? Everything is so depressing!

I hope you can implement direct shares as soon as possible. Also is it possible to payout to our public addresses instead of bitfunder? The WeExchange crap is terrible and I would rather all Bitcoin profits go straight to an address I control.