Please add support for inputs.io withdrawal.
LOL Why's that funny? I plan on adding it. That would be great. Moving bitcoins between different services would become more convenient. |
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Please add support for inputs.io withdrawal.
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I can confirm about this, I received the same "more than 2 weeks" reply from MtGox.
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I hold bitcoins only because I have to trade the virtual securities, those securities are very prolific, much more than trading Bitcoins.
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597!
Someone losing a big bet?
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I am not taking drugs, i just misspelled word magician, missed i English is not my first language, sorry about poor writing skills. I just have to be sure that he is not scammer. I would want to hear an answer from Ken too. This has been worrying me for days as there is no answer but only silence concerning this rumour which makes me think it might be true. |
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Once again lets look at ASICMINER's business model. BitFountain has a little over 50% shares and investors have about 50% of the shares. The management team controls those shares to operate and reinvest. AMC investors should have 50% of the shares and AMC's management team (VMC) should have the other half and they can do what they seem is fit for operations and growth. More reinvestment would be wanted as a shareholder. Maybe 30-35% which would leave 15-20% for managements expenses. What do you guys think? It sounds fair right?
I agree. There is no shame to copy and already proven successful business model. |
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I am glad you finally listen to people's advice and merge AMC and VMC.
I keep my promise and buyback some shares.
I hope you will handle the merge carefully, otherwise I see it would cause more catastrophe.
Anyway, good luck, there gotta be a lot of work to merge the two.
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Another imminent crash coming, if the support at 0.0008 does not hold, it would be a freefall back to IPO price!
It broke. Now 0.00073 at Bitfunder. 2 weeks to break the 0.0005 price might have been optimistic. Everything happens faster with Bitcoin! It is painful to see over 50% loss within a few days. But people got to learn and move on, be wary of any "Asicminer 2.0 scam" in the future. It is their last chance to sell the shares before they are worth nothing... |
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FK! Bitfunder is down?
I want to cancel my bid order!
Works for me. Good luck mate  Canceled my order just in time and place a new one with 1 satoshi just for the lol |
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FK! Bitfunder is down?
I want to cancel my bid order!
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Not interested in buying back until that VMC shady thing is scrapped or merged into AMC.
What do you not understand? I don't understand why our money is handed to VMC and we take 100% of the risk but only get 10% of ANY profit in return. I don't understand why investing in AMC is actually investing in VMC which is solely owned by Ken. I don't understand why there is a need for the existence of VMC except to benefit Ken.You have the answer to all your questions. I never blame Ken for writing terms to protect or benefit himself, but those benefits are obtained in the expense of his shareholders which is unacceptable. |
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Not interested in buying back until that VMC shady thing is scrapped or merged into AMC.
What do you not understand? I don't understand why our money is handed to VMC and we take 100% of the risk but only get 10% of ANY profit in return. I don't understand why investing in AMC is actually investing in VMC which is solely owned by Ken. I don't understand why there is a need for the existence of VMC except to benefit Ken. |
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Congratulations on the successful IPO.
When will we expect the first dividend?
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Not interested in buying back until that VMC shady thing is scrapped or merged into AMC.
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Played a few rounds of Martingale and earned back all the btcs I had lost by investing.  |
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AMC lose advantage
They don't have any advantages to begin with, they are late-comers to the ASIC party, I would say they started with disadvantages, they have many challenges to overcome before they claim themselves as Asicminer 2.0. |
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So Ken's big announcement is out, and his pump and dump is failing. He needs to sell another 3 Million shares at 0.0025 to raise the money he is going to gift to VMC, his privately held company, for chip NRE. But Bitcoiners aren't buying a $25 Million dollar valuation for a $300k company. So the party is over for Ken right? Wrong. Shortly he is going to hit all the bids on BTCT.co and Bitfunder so that he can give himself that million dollar gift. How do I know? Well if you read his contracts, you would know too. From the summary page on Bitfunder: Notes On The IPO:
As long as AMC does not sell it's shares below 0.0005 then they may do as they please with their shares. It is their company, their ownership, and their shares.
During the IPO, not all shares may be posted as an ASK.
So expect Ken to start hitting bids, and keep hitting them all the way down to 0.0005 if that's what he needs to do. Because who wouldn't when every dollar they raise goes to benefit their company rather than the company they are selling the shares in? We do not need to sale any more shares to fund the chip, see spreadsheet below:  Oh, according to Asicminer's estimate, network hashrate will reach 0.8-1P by the end of 2013. I think AMC would struggle with 10TH at that time. |
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800-1000TH, quite a target, but Friedcat never fails to deliver, just bought 10 more shares.
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They should just merge VMC and AMC, using the money of AMC's shareholders to fund another separate company does not make much sense to me, loan made to startup is too huge of a risk to ignore and they didn't mention this until the recent announcement. People buying the walls @0.0025 are essentially lending their money to VMC, a separate entity to AMC, which means they aren't investing in the company they apparently are putting their money into. I can't predict whether the price will rise or fall, but I feel completely betrayed, so I decided to exit with a fairly satisfactory profit instead of putting my money at stake.
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