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Author Topic: AMC Discussion Thread (not self moderated)  (Read 4989 times)
kslaughter
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March 26, 2013, 07:25:47 AM
 #21

He still expects to have more than 51% of the network hashpower?

Roll Eyes

Either he has some crazy NSA resources on tap, or someone's a little detached from reality.

Your good burnside.  Still would like to know where your corp is registered or if it is registered.
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March 26, 2013, 07:28:02 AM
 #22

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote
Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power.  Our 45nm chips are expected to 6GH/s each.
Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

Well, I won't say no yet.  Will you escrow it?

Are you serious? You are willing to bet 100 BTC on your ability to own over 50% of total hashing power?
Whats the timeline for the bet? End of the year?
I would love to get in on it too. We can use escrow.

No, not over 50% there is an or in there, delivering a 45nm chip/ASIC mining device.
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March 26, 2013, 07:31:47 AM
 #23

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote
Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power.  Our 45nm chips are expected to 6GH/s each.
Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

Well, I won't say no yet.  Will you escrow it?
Sure, John or nanotube? Since you want escrow it would be your responsibility to pay the fees.

45nm ASIC mining device shipped
Each ASIC chip must have at least 6GH/s
Must correctly mine bitcoin.

Oh and "No, not over 50% there"? So you don't believe you will get over 50% of the network hashpower?
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March 26, 2013, 07:41:26 AM
 #24

He still expects to have more than 51% of the network hashpower?

Roll Eyes

Either he has some crazy NSA resources on tap, or someone's a little detached from reality.

Your good burnside.  Still would like to know where your corp is registered or if it is registered.

I am good.  I maintain my corporate registrations and registered trademarks.

So.... crazy NSA resources then?  Wink
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March 26, 2013, 07:45:22 AM
 #25

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated  Roll Eyes

Didn't not need it any more.  Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.
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March 26, 2013, 09:35:25 AM
 #26

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated  Roll Eyes

Didn't not need it any more.  Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners.  After that it's hard to take it at all seriously.
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March 26, 2013, 09:36:35 AM
 #27

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated  Roll Eyes

Didn't not need it any more.  Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners.  After that it's hard to take it at all seriously.
The current contract is still laughingly bad too.
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March 26, 2013, 09:44:44 AM
 #28

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated  Roll Eyes

Didn't not need it any more.  Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners.  After that it's hard to take it at all seriously.
The current contract is still laughingly bad too.
I've no intention of wasting time reading it.  I find it impossible to take seriously anyone who claims to be developing ASICs but will happily post a contract as creative (putting it politely) as the original one he had up.  If someone is so confident they'll post a contract and start selling shares without any public discussion first then they'd better get it right first time.
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March 26, 2013, 02:54:21 PM
 #29

He still expects to have more than 51% of the network hashpower?

Roll Eyes

Either he has some crazy NSA resources on tap, or someone's a little detached from reality.

Your good burnside.  Still would like to know where your corp is registered or if it is registered.

I am good.  I maintain my corporate registrations and registered trademarks.

So.... crazy NSA resources then?  Wink


Working on it. Smiley)
kslaughter
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March 26, 2013, 02:56:51 PM
 #30

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated  Roll Eyes

Didn't not need it any more.  Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners.  After that it's hard to take it at all seriously.

No, I froze it, no Ukto did not freeze it.  Also all the money from the sales of shares is still in the account and will stay there until I get this fixed today or tommorow.

Ken
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March 26, 2013, 03:01:38 PM
 #31

This thread is not self moderated, so people can actually express their opinions!

AMC is selling shares for at least 1 BTC with a 0.01 btc early bird special. Roll Eyes

Net Estimated Revenue/Year/Share 0.00708687 BTC

That is 0.7% a year if you buy it for 1 BTC.

Developing their own "Fast-Hash-240" miners Roll Eyes

Asset issuer ran a company that has being administratively dissolved Roll Eyes

Topic is self moderated  Roll Eyes

Didn't not need it any more.  Thinking about re registering it.

What really nails this as a scam is not the ridiculous share pricing and the lack of contact info, although thats 90% of it right there, it's the fact that the issuer screwed up the contract so badly prior to listing that he had to freeze his security and re-do the contract.

What, he didn't think it thru before listing? I don't get it.

Think Ukyo probably froze it.

The first contract was so bad he was actually claiming he'd have over 100% of total hashpower - and would mine more bitcoins than would be mined in total during the year by all miners.  After that it's hard to take it at all seriously.
The current contract is still laughingly bad too.
I've no intention of wasting time reading it.  I find it impossible to take seriously anyone who claims to be developing ASICs but will happily post a contract as creative (putting it politely) as the original one he had up.  If someone is so confident they'll post a contract and start selling shares without any public discussion first then they'd better get it right first time.

Deprive, You are right again, so do not read it and no Ukto did not freeze it.
kslaughter
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March 26, 2013, 03:16:12 PM
 #32

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote
Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Wisard, Yes, I would agree with you, so I just reworked the offer.  It is not posted yet, should be sometime today.

Ken
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March 26, 2013, 03:19:00 PM
 #33

He still expects to have more than 51% of the network hashpower?

Roll Eyes

TradeFortress, Not really, I know everyone does not want one person to have over 50% of the hashing power.  I think the same way.  Yes, I would like to build a big mining and development company, but by the time I have that much hashing power the network will be 200TH-400TH who knows with all these ASIC machines coming out.

Ken
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March 26, 2013, 03:21:37 PM
 #34

Not sure if its a scam or its just a misguided security.

The numbers were reworked. He still expects to have more than 51% of the hashing power.

Quote
Est Gross(less power) Revenue 12 Months 708,686.98 BTC

If he is serious, then the best thing for him to do is rework the IPO for 6 Avalon units only - what he has already pre-ordered. And then fund his growth from there AFTER showing that he can successfully mine.

Well, Yes if I buy or develop that many machines I would have that much power.  Our 45nm chips are expected to 6GH/s each.
Cool, wanna do a 100 BTC bet (pirateat40 style) that you'll ship me a 45nm ASIC mining device before the end of the year? Better returns than the "70%" you mentioned.

Or that you'll get over 50% of the bitcoin network hashpower?

I know the answer already and you're going to say no.

Well, I won't say no yet.  Will you escrow it?

Are you serious? You are willing to bet 100 BTC on your ability to own over 50% of total hashing power?
Whats the timeline for the bet? End of the year?
I would love to get in on it too. We can use escrow.

Yes, when I am 100% sure I can deliver a 45nm, 6GH/s mining unit.
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March 26, 2013, 03:55:43 PM
 #35

The early-adopter shares will be sold for no less that .01, we are going to need capital for development of the 45nm chip, so we
will be selling a lot more at .01 if we can make a deal with the Major Semiconductor Company we are talking with.
Yes, if we need to sell them to raise capital for development.

How about you see here instead.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
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March 26, 2013, 04:57:55 PM
 #36

The early-adopter shares will be sold for no less that .01, we are going to need capital for development of the 45nm chip, so we
will be selling a lot more at .01 if we can make a deal with the Major Semiconductor Company we are talking with.
Yes, if we need to sell them to raise capital for development.

How about you see here instead.

Thanks, WOT? Web Of Trust?

Ken
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March 26, 2013, 08:51:21 PM
 #37

BitFunder is way too awesome to let harebrained schemes like AMC ruin its reputation.   Embarrassed

Ukyo, please pay DT, deprived, MPOE-PR, and TF to act as gatekeepers/benevolent dictators for you WRT new listings. 


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March 26, 2013, 09:26:57 PM
Last edit: March 26, 2013, 09:59:47 PM by kslaughter
 #38

BitFunder is way too awesome to let harebrained schemes like AMC ruin its reputation.   Embarrassed

Ukyo, please pay DT, deprived, MPOE-PR, and TF to act as gatekeepers/benevolent dictators for you WRT new listings.  

Why is it a harebrained scheme?
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March 26, 2013, 09:34:53 PM
 #39

BitFunder is way too awesome to let harebrained schemes like AMC ruin its reputation.   Embarrassed

Ukyo, please pay DT, deprived, MPOE-PR, and TF to act as gatekeepers/benevolent dictators for you WRT new listings. 

I'm with you on this one. I'm not so sure all those people would actually help, but I do think a team/consultant/soft-release process is due.
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March 26, 2013, 10:02:44 PM
 #40

BitFunder is way too awesome to let harebrained schemes like AMC ruin its reputation.   Embarrassed

Ukyo, please pay DT, deprived, MPOE-PR, and TF to act as gatekeepers/benevolent dictators for you WRT new listings. 

I'm with you on this one. I'm not so sure all those people would actually help, but I do think a team/consultant/soft-release process is due.

ThickAsThieves, and you want to be on the team or be the consultant.
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