[AMC]-The Official Active Mining Cooperative Discussion

[Kushedout]

btct22, he can't be bothered with relevant technical questions. He is busy deciding what the next IPO price should be. He will announce that with a timer based pre-announcment.

[steveioio]

What are you talking about? I am the OP. 'Weak hand' is a metaphor.

Forgive me yes you are the OP, sorry.

re: metaphor-
'Weak hand' is not a metaphor per see. If I have a bad selection of cards in a game and I say I have a 'weak hand' I do actually have a 'hand' of cards (handful of cards) that is 'weak' in that they do not add up to a strong set. So there is no explicit metaphor there. However if you said an investor with a portfolio of 10 crypto-currencies has a 'weak hand' because they are all under-performing currencies then that use is metaphorical because it refers to the literal weak hand of a card game. You are comparing the portfolio to something else.

re: your statement-
You didn't actually refer to a 'weak hand' as you now seem to above so you have confused things further. You originally said 'weak hands'. These are two distinctly different things. A 'pair of weak hands' has nothing to do with a holding or position - it is a statement about someones character or abilities. So you refered to the investors character not their holdings so my exasperation with your criticism of the investors characters is valid.


You also mixed your metaphors to an extent giving these 'weak hands' 'burnt fingers' - please try to avoid this it just muddies the waters.

[Diamondstarfall]

Last time I checked, "Weak Hand" is referred to the non-dominant jerk-off hand.

[bbxx]

i wonder why he is not there.

ahhh ok weekend.

[steveioio]

A demonstration why a barrier of entry may be necessary at some time in the future with these markets. Some of the stuff written here is by petulant children, who need an education.
Take note Burnside, et al.

You Sir seem to have taken this fellows misunderstanding of his own logic as gospel. Maybe YOU need educating?

[steveioio]

Last time I checked, "Weak Hand" is referred to the non-dominant jerk-off hand.

Don't be pathetic we are trying to have a sensible conversation here.

[Akka]

http://www.investopedia.com/terms/w/weakhands.asp

For example, retail traders with weak hands would place a stop at the bottom of a double bottom or at the top of a double top and once the pattern is broken, they would automatically be stopped out. Conversely, dealer and institutional traders will exploit this behavior by staying in once the pattern is broken, forcing the weak hands out before allowing the price to change direction and the pattern to correct itself.

[steveioio]

http://www.investopedia.com/terms/w/weakhands.asp

For example, retail traders with weak hands would place a stop at the bottom of a double bottom or at the top of a double top and once the pattern is broken, they would automatically be stopped out. Conversely, dealer and institutional traders will exploit this behavior by staying in once the pattern is broken, forcing the weak hands out before allowing the price to change direction and the pattern to correct itself.

Are you going to qualify that quote? What point is it you are trying to make with it? I am baffled.

[ArcticWolf]

What are you talking about? I am the OP. 'Weak hand' is a metaphor.

Forgive me yes you are the OP, sorry.

re: metaphor-
'Weak hand' is not a metaphor per see. If I have a bad selection of cards in a game and I say I have a 'weak hand' I do actually have a 'hand' of cards (handful of cards) that is 'weak' in that they do not add up to a strong set. So there is no explicit metaphor there. However if you said an investor with a portfolio of 10 crypto-currencies has a 'weak hand' because they are all under-performing currencies then that use is metaphorical because it refers to the literal weak hand of a card game. You are comparing the portfolio to something else.

re: your statement-
You didn't actually refer to a 'weak hand' as you now seem to above so you have confused things further. You originally said 'weak hands'. These are two distinctly different things. A 'pair of weak hands' has nothing to do with a holding or position - it is a statement about someones character or abilities. So you refered to the investors character not their holdings so my exasperation with your criticism of the investors characters is valid.


You also mixed your metaphors to an extent giving these 'weak hands' 'burnt fingers' - please try to avoid this it just muddies the waters.

I think he meant "weak hands" as a multiple of people with a weak hand

[lewicki]

Shareholder Update:

AMC   20,000,000   Reinvestment Fund
AMC   8,816,083   BitFunder Bin
AMC   4,640,081   BTC-TC Bin
--------------------------------------------------------
AMC   1,005,641   19kcTDYvBFd2W3CY8giV7wBep6GFvjNmTQ
AMC   639,707   1PHTa8x3Jo4nowjNDVLFxfpCtnE1Lasmgw
AMC   250,866   1G9CD1bVJ1E1MrUhC87sxZJ2QZ17uJqzVD
AMC   203,001   1Jzhrg2SYQcV7QZQU62Fef1K2zW9bMfF92
AMC   200,000   17MgYS26MFiPB5gi7z3TqrbHETKXqap4mN
AMC   189,652   1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq
AMC   179,000   1NJ4H2SMH4kaKXGFDQzCiJAYmYkWLatMxW
AMC   150,000   17vccqmnhJGZri6LWtRhJgta9yeKpns8TS
AMC   121,000   1NAZhPAhVKNbek9rgXSTjk2v5FXuyGPqsS

Shares sold to investors on BitFunder: 6,543,836
Shares sold to investors on BTC-TC: 511,867

# of investors: 470

In the last 24 hours 564,533 have changed hands.

[steveioio]

http://www.investopedia.com/terms/w/weakhands.asp

For example, retail traders with weak hands would place a stop at the bottom of a double bottom or at the top of a double top and once the pattern is broken, they would automatically be stopped out. Conversely, dealer and institutional traders will exploit this behavior by staying in once the pattern is broken, forcing the weak hands out before allowing the price to change direction and the pattern to correct itself.

Are you going to qualify that quote? What point is it you are trying to make with it? I am baffled.

I'll do the work for you - so it's a recognized trading term? Well I clearly need to accept I was ignorant of that fact but have to say I was miss led by the OP when he blindly said it was a 'metaphor' - if he had said it's a 'trading metaphor' this confusion would have been avoided. Try to be clearer next time OP.  

[steveioio]

I think he meant "weak hands" as a multiple of people with a weak hand

lol I don't think that adds anything for the sake of clarity but thanks for the input. I think we should all use our weak hands now and give ourselves a massive round of lack-lustre applause.

[lolstate]

What are you talking about? I am the OP. 'Weak hand' is a metaphor.

Forgive me yes you are the OP, sorry.

re: metaphor-
'Weak hand' is not a metaphor per see. If I have a bad selection of cards in a game and I say I have a 'weak hand' I do actually have a 'hand' of cards (handful of cards) that is 'weak' in that they do not add up to a strong set. So there is no explicit metaphor there. However if you said an investor with a portfolio of 10 crypto-currencies has a 'weak hand' because they are all under-performing currencies then that use is metaphorical because it refers to the literal weak hand of a card game. You are comparing the portfolio to something else.

re: your statement-
You didn't actually refer to a 'weak hand' as you now seem to above so you have confused things further. You originally said 'weak hands'. These are two distinctly different things. A 'pair of weak hands' has nothing to do with a holding or position - it is a statement about someones character or abilities. So you refered to the investors character not their holdings so my exasperation with your criticism of the investors characters is valid.


You also mixed your metaphors to an extent giving these 'weak hands' 'burnt fingers' - please try to avoid this it just muddies the waters.

A 'weak hand' is a metaphor in legacy finance for an investor who does not have the intention, experience or resources to hold his position. Which could be because he is a short-term speculator, new to investing or realises he has invested more than he can afford to lose, amongst other things. What we saw today was lots of weak hands selling their shares. The phrase 'weak hand' has nothing to do with physical prowess - I would have thought that was obvious.

[kslaughter]

Hi Ken,

Can you please post additional information to back up your R & D announcement, such as screen cap/scan of a email/letter from eASIC verifying the claimed results or at a minimum some evidence that you have indeed been working together. 

The KnC chips are claimed to be 100GH/s each so the "World's Fastest Bitcoin Mining Chip" has already been challenged.  Here is the text from KnC's latest newsletter:

Chip Progress report
The more technical audience amongst our customers have been asking for a lot details on the chips we will use. The information we have available to you today is that Jupiter will be a 4 chip design and Saturn a 2 chip design.
This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.

Show me a link where they say there chips is 100 GH/s.  I think there board with multiple chips is 100 GH/s. 

[Akka]

http://www.investopedia.com/terms/w/weakhands.asp

For example, retail traders with weak hands would place a stop at the bottom of a double bottom or at the top of a double top and once the pattern is broken, they would automatically be stopped out. Conversely, dealer and institutional traders will exploit this behavior by staying in once the pattern is broken, forcing the weak hands out before allowing the price to change direction and the pattern to correct itself.

Are you going to qualify that quote? What point is it you are trying to make with it? I am baffled.

Sorry, late here.

I actually forgot to quote this.

What are you talking about? 'Weak hand' is a metaphor, not a literal description.

Are you insane? The OP is referring to weakness of character. He is not referring to a position of weakness as one would have for example with a weak hand in a card game. Please keep up.

Weak Hands is a term that is frequently used to describe inventors that get out of a stock as soon as a pattern uptrend/downtrend is broken, without actually looking at the underling stock/fundamentals. They buy because it goes up and sell because it goes down.

In this case it has nothing to do with a card game. More like that the hands are actually weak and can't "hold" something in them.

[dhenson]

Show me a link where they say there chips is 100 GH/s.  I think there board with multiple chips is 100 GH/s. 

https://www.kncminer.com/news/news-22

Chip Progress report

 
The more technical audience amongst our customers have been asking for a lot details on the chips we will use. The information we have available to you today is that Jupiter will be a 4 chip design and Saturn a 2 chip design.
This means that we can achieve a minimum of 100GH/s per chip. Which we think most people will agree, puts us far ahead of our current competitors.
Our ASIC package selection has been optimized, allowing the use of a smaller package. The selected package is a 55mm x 55mm HFCBGA package (2046 ball count), optimized for maximum thermal characteristics.

[steveioio]

A 'weak hand' is a metaphor in legacy finance for an investor who does not have the intention, experience or resources to hold his position.

Now if you had said that 2pages ago I wouldn't have misunderstood you wouid I?

The phrase 'weak hand' has nothing to do with physical prowess - I would have thought that was obvious.

Well as you made a direct comparison to 'strong hands' you made it far from obvious. Unless 'strong hands' is also a financial term? No? So you see why you caused confusion.

[Thalum]

I have to say, as someone who holds some shares in this security, the lack of any transparency and accountability is starting to get worrisome. Claims of pump and dump, numerous posters coming out of the woodwork trashing this company, huge spikes and crashes in the stock price, and so on is making me, and I'm sure many others, very nervous that we're being taken for a ride. I've never invested in anything bitcoin related before, and after all the reading up on this stock, I decided to take the plunge. I haven't invested more than I'm prepared to lose, but that doesn't make it alright to dick around with all of us who have placed our trust and money in supporting this venture.  

Ken, you either need to step it up on the PR front, deal with all the questions that are being thrown around, and reassure all investors (and potential investors) that everything is above board and progressing, or you need to hire someone to do this for you. I'm sure I'm not the only one who is getting tired and frustrated with NDA-this and NDA-that; this is coming and that is coming but we really can't tell you much beyond this, etc etc. The email exchange one poster had with Stan of the chip company you are working with is one example, the lack of verifiable proof on the new premises, the apparent messing around (whether intended or not) with the share price and IPOs, why the ridiculous number of 100 million shares were issued (seriously, I still have no idea why this is the case...), the lack of transparency on new chip developments. I could go on, but seriously, the lack of information forthcoming here is concerning, and one sentence answers do little to reassure anyone.

As I said, if you can't (or won't) do it, hire someone else to. The success or failure of your company rests more on maintaining goodwill with your investors than you perhaps realise.

[hak8or]

Holy hell what is wrong with you people? Stop wasting forum space/time with irrelevant discussion of what a "weak hand" is! How about we talk about something much more pressing, like how the share price dropped so quickly?

[Akka]

Well as you made a direct comparison to 'strong hands' you made it far from obvious. Unless 'strong hands' is also a financial term? No? So you see why you caused confusion.

Actually it is:

A strong hand is a contract holder who is willing and likely will take possession of the underlying (commodity). They are the overwhelming minority in futures trading.