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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: May 17, 2013, 05:28:56 PM
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Well, I personally believe the maximum value these shares could reach is 7.5BTC.
Arguably it will be based on the market. Even as some people said the blades and USB miners were "too expensive", but according to who? Not according to the market. What other entity other than ASICMINER is out there that is publicly traded, sells both hardware *and* mines (best of both worlds), can demonstrate a monster % of hashing as well as finished, quality mining hardware *with* warranties, and shipping out in a matter of days? Not to mention the clear and regular updates given by friedcat, and the impressive dividends? No other entity out there even comes close. In this case if you have BTC to invest, there is only one blue chip out there, so all valuations are meaningless when we're talking about a "flight or pull to quality". Until some other entity comes along that even matches some of ASICMINER's qualities, it really is no contest and I would not be surprised where the share price could go.
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: May 13, 2013, 05:23:44 PM
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Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems". There's no reason not to be excited... after all, ASICMINER is setting these lofty expectations by completely surpassing all previous ones. These dividends on a weekly (WEEKLY) basis are unheard of, and if you'd prefer to just sit at your desk and happily nod, that's fine with me. I believe you're attributing my words to Michael? Please don't put words in someone else's mouth. Nor proclaim that someone is not excited because they are not demanding that ASICMINER not hold back dividends instead of re-investing some into future developments. Some investors just show excitement in another way, could you not consider that?
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: May 13, 2013, 04:35:37 PM
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Having invested recently, reading some of the over excited (and I should add seemingly greed induced) comments about the dividends is quite a turn off. Irrational exuberance springs to mind. Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems". Sometimes we need to step back, look at the bigger picture and be grateful for anything we receive.
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28
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Economy / Securities / Re: Is there a market for non-dividend stocks?
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on: May 10, 2013, 03:04:58 AM
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I'd say it's more a nature of how undeveloped the BTC stock environment is. Most stocks have to be offering dividends because bitcoin in itself is a volatile investment, and for someone to give up just a slight bit of liquidity, they'd have to get something worthwhile in return. Most stocks do not have the track record to sell themselves as a pure value play. An example of a stock that doesn't pay a dividend but may have a value play is Virtex ( www.cavirtex.com), the main Canadian exchange is listed on Havelock Investments ( www.havelockinvestments.com). Currently it does not pay a dividend. Although they say they may in a few months. Disclaimer: I do not currently hold any position on Virtex shares.
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: May 09, 2013, 06:17:06 AM
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Unfair advantage in this case is a nice way of saying stealing technologies or cheating. In this case, AM would have achieved their proven, demonstrable hashrates and concrete products because they got someone in Avalon to screw with Avalon. Yeah, but Avalon screwing with Avalon doesn't even make financial sense. The rumour was not very believable, but Avalon screwing itself at the expense of another company is even less so. Anyway, agreed let's just move on.
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31
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: May 09, 2013, 06:06:22 AM
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In this case, Dr Zhang is a primary insider, and the claim was that Dr Zhang had ties to and sat on the board of ASCIMiner and that because of this, Avalon was delayed in deliveries somehow. In other words, a primary insider in Avalon was hampering Avalon's deliveries to benefit ASICMiner.
I'm sure you can see why this would be a huge problem for the credibility of AM, regardless of whether this is illegal in certain jurisdictions. I am not a lawyer and have no idea how corporate laws are in China, but at the very least it would cause problems for investors outside of China where this would be highly unethical and cause for legal action.
This isn't a case of getting a little help; this is a case of Microsoft getting insider information from the a member of the board of directors in Apple and using that information to launch iPhone 6 or whatever the next number is. Not sure why we are being so reactive or twitchy over this unsubstantiated rumour? Unless somehow we buy into it? I think we have to consider the source of this rumour and do some thinking. Is it more or less likely that the people would be unethical? Is it more or less likely that companies will even have the time to collaborate yet in this startup/wild west environment? Also, do we know that someone is getting inside information from someone else? Or are we just making unfounded assumptions? Basically, this should be a non-issue unless there is proof. Responding to such rumours/trolling only give them more legs. I was just making the point that if the two companies collaborated, I'm not sure how that could be considered "illegal" or detrimental to the share price. Companies collaborate all the time, and as a shareowner of ASICMINER, if there is a positive outcome from a collaboration, I welcome it. And if the market believed the performance was based on an unfair advantage? See how the market treated Lance Armstrong after he was caught cheating.
Would you still want to buy shares, knowing that the results you've seen until now is not going to last after the cheating is exposed?
I believe the matter is closed, though, so no point in pursuing further speculation. The poster admitted, as I interpret it, to not knowing of any evidence to support his speculation.
.b
Using Lance Armstrong to compare to this situation probably isn't the right analogy. Probably you could use the analogy of IBM and Microsoft in the early PC days. Also, what is one's definition of "unfair advantage"? Someone looking at ASICMINER right now as a potential shareholder would conclude that ASICMINER has an "unfair advantage". They have proven, demonstrable hash rates with mining, and concrete products that are shipping out right NOW - with warranties. Compared to the competition, they are killing them with this two-pronged approach. Should we ask ASICMINER to reduce their "unfair advantage"? Should we not separate our own personal opinions on what is "unfair advantage" and just let the market dictate things?
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32
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: May 09, 2013, 05:31:40 AM
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How would you feel about ASICMiner if it turned out that their success was the result of a scam, in this case a competitor's key insider leaking information or hampering his own company's progress?
If it turned out that ASICMiner's success was the result of cheating or unlawful behavior, that means that as soon as that cheating or unlawful behavior was exposed and stopped, their success would also stop.
Thus: Cheating exposed would ruin ASICMiner share prices. Not sure if anyone was jumping to the conclusion that Avalon helping ASICMiner would be "cheating" or "unlawful behaviour" or a "scam"? Companies which have been competitors (i.e. Apple and Microsoft, Apple and Samsung) have also collaborated together, but is that considered "cheating"? Also, the market dictates share prices. I for one would hope someone dumps shares based on any rumours that Avalon is collaborating with ASICMiner. If Avalon is collaborating and working with ASICMiner then that only helps ASICMINER. Performance and hashrate will override personal opinions.
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33
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Economy / Auctions / Re: AUCTION - 34K Ripples
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on: May 09, 2013, 01:44:22 AM
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No end time or end conditions specified - was this an actual auction or a Buy It Now (in which case does it belong in this subforum)?
Also if the winner did not officially bid in this thread, how do we know what the price was and if the seller actually sold at that price. Doesn't this invalidate the auction? Is there a way to prevent posters who do this from posting future auction threads?
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39
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Economy / Currency exchange / Re: WTB: USD BTC-E Codes for BOA transfers/PayPal/Dwolla/EMT/Cash/LR/MoneyPak/etc.
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on: May 04, 2013, 07:14:42 AM
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Completed another couple of transactions with the OP today, this time for a significantly larger amount. Went smoothly and just as quick as the last one!
Fast transaction,smooth,no problems,best regards!
Thanks gentleman! Look forward to dealing with you again. Also thanks to Brassguy (soon out of newbie purgatory) for a smooth transaction. If anyone still has codes to sell, shoot me a PM and we'll see what we can do...
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