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141  Economy / Securities / Re: [BTCT.CO] [IPO] [FAQ]BTCGARDEN MINER---Eyes to the horizon on: August 10, 2013, 04:38:24 PM
quote from btcman, by aiwill

等出片。周六会有专家会。
目前主要是在准备其他方面,保证芯片到了可以开挖。以及二代芯片已经开始设计。

-> waiting for the chips
-> will have a meeting on Saturday
-> doing preparation work to ensure mining can be started as soon as the chips arrive.
-> Design of 2nd generation chips has started.
142  Economy / Service Discussion / Re: BitStamp USD Volume Trumps Gox by over 20% in last 24 hr! on: August 10, 2013, 10:52:42 AM
Nothing is more exiting than witnessing MtGox's downfall. Grin
143  Economy / Services / Re: anyone interested in MTGOX withdraw service? on: August 10, 2013, 10:34:25 AM
I would pay 2% of premium for this service.
It is viable if you can open a bank account in Japan. Local transfer of USD only take a few days as said by some forum members.
144  Bitcoin / Legal / Re: Any way to sue Mtgox? on: August 10, 2013, 08:47:59 AM
Contact FSA in Japan or SEC in US. Hopefully, one of them might help you get back your fund.
For details, refer to this post: https://bitcointalk.org/index.php?topic=179586.msg2896556#msg2896556
145  Economy / Trading Discussion / Re: BitStamp Volume Trumps Gox by over 20% in last 24 hr! on: August 10, 2013, 08:17:07 AM
This is what they deserve for their arrogance, incompetence.
They don't give a fxxk to their customers, the laws, the rules, their reputation, they have no plan to stay in the business.
They'd better die earlier than later to do the community a favor.
146  Economy / Service Discussion / Re: BEWARE - MTGox Stealing Your Money! on: August 10, 2013, 07:48:42 AM
Of course they are willing to do so, the more people buy their already overpriced bitcoins and sold them on Bitstamp, the larger the price gap between the two exchanges, the more profit they could make from doing arbitrage between the two. As the only USDs that could leave MtGox now is their own dollars, they have a monopoly on doing this. They could earn 10% profit doing every round of arbitrage. With this rate and without competition, they could double or even triple their money in a few months. Very sound business plan from MtGox!

Doesn't make sense. For this to work people have to keep depositing fiat at MtGox. Otherwise they are limited by whatever fiat customers had on deposit at the time the withdrawal freeze started.
Don't you get it?
Canceled withdrawal is similar to a deposit, it makes available new money to buy their overpriced bitcoins. A canceled withdrawal is usually followed by a buy order, because people are desperate to get their money out of gox.
Also, some people are continuing to deposit money to MtGox despite their incompetence to handle withdrawals. If no one is depositing money to them,  there shouldn't be any reports of a deposit delay of more than 10 days.
147  Economy / Trading Discussion / Re: Mt Gox Delays - a discussion with CS on: August 10, 2013, 05:21:22 AM
Are there any Japanese citizens that could comment on this organization?

http://www.caa.go.jp/en/

Can a foreigner pursue a complaint against Mtgox in this fashion?
Please read this post : https://bitcointalk.org/index.php?topic=179586.msg2896556#msg2896556
FSA and SEC are two regulatory bodies that have the power to take down MtGox, you may file a complaint to them.
148  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 09, 2013, 07:38:11 PM
Apologies for going OT - Latest post from PR:

AMC Tender and Dividends missed

Hello everyone, quick update on the tendered shares dividends.  Ken is having some issues getting those dividends paid out to your shares that were tendered to AMC-TENDER on Bitfunder and BTCT. If you tendered shares and did not receive dividends on those tendered shares please send an email to tender@activeminingcorp.com with the following information below.  Thank you!

Exchange:
Username on the Exchange:
Date of Dividend Missed:
Total Number of Shares Tendered:
Total amount of dividend in BTC:
Receiving address for BTC:

Example:
Exchange: Bitfunder
Username: ActiveMining-PR
Date of Dividend Missed: August 31st
Total Number of Shares Tendered: 6000
Total amount of dividend in BTC: 0.03444 (6000*0.00000574)
Receiving Address for BTC:  <wallet address here, use a valid address not a shared>

Thanks for quoting. Wink
I would have missed it if not.
149  Economy / Service Discussion / Re: BEWARE - MTGox Stealing Your Money! on: August 09, 2013, 06:37:52 PM
they refunded/creditied me my unpaid withdrawals in about an hour from contacting them.

I find it very interesting that MtGox support is totally useless and give copypaste answers when asking about USD withdraws. If you just ask them if canceling a withdraw is possible then they go ahead and do it almost immediately if even if you just asked if it's an option and did not specifically ask them to do it. They seem very eager to have customers/suckers buy their over-priced BTC instead of sending them their USD.

Of course they are willing to do so, the more people buy their already overpriced bitcoins and sold them on Bitstamp, the larger the price gap between the two exchanges, the more profit they could make from doing arbitrage between the two. As the only USDs that could leave MtGox now is their own dollars, they have a monopoly on doing this. They could earn 10% profit doing every round of arbitrage. With this rate and without competition, they could double or even triple their money in a few months. Very sound business plan from MtGox!

They don't care about their reputation and their customers anymore because they know very well they are going to phase out due to all the much better competitors. Their focus is all on short-term quick profits before their inevitable shutdown.
150  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: August 09, 2013, 02:32:15 PM

I will also file a complaint with the SEC, and then close my account at MtGox , too.
Do you really think filing a complaint will help speed up withdrawals?
Not at all. I will be doing this as a matter of principle.
I and other customers would be grateful if you could wait until their banking problems are solved.  If it isn't helping, don't.

Well, if the consensus is that it won't help the majority of bitcoiners , I will hold off with the complaint.
I support your cause.
In fact I will do the same.
A little more pressure with help those suckers to work more efficiently.
151  Economy / Exchanges / Re: MtGox withdrawal delays [Gathering] on: August 09, 2013, 12:29:40 PM
I asked MtGox to send my money via a cheque(check) or bank draft to my mail address, they refused without giving a reason.
If the money is really there in their account, how could they be unable to write me a cheque? The only explanation is that they had stolen our money or the money is frozen or they are really a Ponzi.
152  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: August 09, 2013, 12:20:32 PM
With all the new blade sales, I speculate the dividends on the coming weeks to be above 0.03 per share
153  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 09, 2013, 04:46:14 AM
A mashed article consists of rumors, opinions and pieces of various stories is very true. Cheesy
154  Economy / Speculation / Re: MtGox USD withdrawals and deposits will soon be processed! on: August 08, 2013, 11:45:09 AM
I think MtGox is having fun doing 10% profit arbitrage between Bitstamp and their own platform, they won't release your fund until they have robbed all your money.
155  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: August 08, 2013, 11:12:08 AM
We are approaching 40% APR with the current price!
By the way, what is the rationale behind the sell off?
156  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 07, 2013, 04:07:21 PM
Someone just dumped a ton


Cheap shares for everyone! Tongue
157  Economy / Securities / Re: [BTCT.CO] [IPO] [FAQ]BTCGARDEN MINER---Eyes to the horizon on: August 07, 2013, 12:52:56 PM
What worries me the most is the lack of testing before mass production, they skip an entire phase in IC development life cycle.
It may either be an overconfidence or a gamble. I am not a hardware expert and I don't know how simple the design of a SHA256 chip could be, but without testing...really? Even simple HelloWorld programs could go wrong without testing... Does the time saved justify the much elevated risk?
It would be wise to sideline and wait for the result of their test run before buying, they have yet to provide any evidence of their chips working, the enormous risk taken now is more like a gamble than an investment.
The risk is already explained here:

Quote
1. There are still several risky factors which might lead to a failure of this project such as:
the failure of our chips;
the failure of first batch`s Tapeout ;
the illness or other severe health or life problems of issuers;

Investors of BtcGarden should be already aware of this and are willing to take this.
158  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread on: August 07, 2013, 01:00:04 AM
They have six days to raise over 20,000 btc or the IPO fails. 


And on Bitfunder.......
Most likely a failure.
159  Economy / Securities / Re: [BTCT.CO] [IPO] [FAQ]BTCGARDEN MINER---Eyes to the horizon on: August 06, 2013, 05:22:01 PM
He is a well-known cyber-criminal, just ignore him.
https://bitcointalk.org/index.php?topic=268911.msg2876572#msg2876572

Thanks ronaldlee0917. Just to be sure: yianding is the criminal and in the thread you linked nightcat (a former BTCMAN webmaster) provides evidence for this claim?
Exactly. He was trying to scam BtcGarden into buying back his "shares" which he allegedly does not own any at all. He was angered BtcGarden did not send the bitcoins first and fall to his trap, so he retaliated by spreading false rumours and tarnish the reputation of BtcGarden. Morever he had a long history of scamming people, spreading trojans, so what he said could be safely ignored.
160  Economy / Securities / Re: [BTCT.CO] [IPO] [FAQ]BTCGARDEN MINER---Eyes to the horizon on: August 06, 2013, 05:06:09 PM
yianding:

As far as I understand, you say GARDEN is fraudulent, but Google translate doesn't do a very good job on translating Chinese. What are the reasons for your claim?
He is a well-known cyber-criminal, just ignore him.
https://bitcointalk.org/index.php?topic=268911.msg2876572#msg2876572
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