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Author Topic: [ActiveMining] The Official Active Mining Discussion Thread  (Read 479094 times)
MilkyLep
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July 23, 2013, 06:13:20 PM
 #1521

Well the SEC sure doesn't "beat around the bush":


“Ponzi scheme operators often claim to have a tie to a new and emerging technology as a lure to potential victims,” said Lori J. Schock, Director of the SEC’s Office of Investor Education and Advocacy.  “Investors should understand that regardless of the type of investment, a promise of high returns with little or no risk is a classic warning sign of fraud.”

Either you own the bitcoins(private keys) or you don't. However with moneroj, nobody knows what you own.
Secure. Private. Untraceable.
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matuszed
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July 23, 2013, 06:16:39 PM
 #1522

Well the SEC sure doesn't "beat around the bush":


“Ponzi scheme operators often claim to have a tie to a new and emerging technology as a lure to potential victims,” said Lori J. Schock, Director of the SEC’s Office of Investor Education and Advocacy.  “Investors should understand that regardless of the type of investment, a promise of high returns with little or no risk is a classic warning sign of fraud.”

Caveat Emptor I don't need a babysitter.

"Markets can remain irrational longer than you can remain solvent." -Keynes
VolanicEruptor
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July 23, 2013, 06:20:15 PM
 #1523

again, SEC is U.S. which has nothing to do with most exchanges

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July 23, 2013, 06:22:25 PM
 #1524

Last preview for the day then guys, did a few more experiments on with typefaces and spacing:



Pick your winners Wink
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July 23, 2013, 06:25:12 PM
 #1525

no offense, but it seems like your logo design is slightly hijacking this thread..

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July 23, 2013, 06:26:43 PM
 #1526

no offense, but it seems like your logo design is slightly hijacking this thread..

None taken, if people make sure not to quote the images in my posts from now on it should be fine.
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July 23, 2013, 06:28:14 PM
 #1527

again, SEC is U.S. which has nothing to do with most exchanges

Only slightly true. Remind me the last time the U.S. stayed in it's borders to attain a target in the cross-hairs?

Then again, the SEC is not only focused on exchanges, but also investment entities listed on said exchanges.  Shocked

Either you own the bitcoins(private keys) or you don't. However with moneroj, nobody knows what you own.
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July 23, 2013, 06:33:07 PM
 #1528

Well the SEC sure doesn't "beat around the bush":


“Ponzi scheme operators often claim to have a tie to a new and emerging technology as a lure to potential victims,” said Lori J. Schock, Director of the SEC’s Office of Investor Education and Advocacy.  “Investors should understand that regardless of the type of investment, a promise of high returns with little or no risk is a classic warning sign of fraud.”

Caveat Emptor I don't need a babysitter.

It's not about having a baby sitter, it's about the SEC knocking on these exchanges doors or even each individual offering and saying shut it down because the correct procedures weren't taken.


at the bottom of the page of BTC-TC:

* This is a virtual stock exchange using virtual currency. Virtual goods utilized on this site are for entertainment and educational purposes only.

We're educating ourselves... nothing wrong with that.

Not to mention these "exchanges" are in Belize.
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July 23, 2013, 07:05:18 PM
 #1529

Relax, they went after a scammer and a ponzi scheme. They are not interested in legitimate businesses like Kens. So long as he pays his taxes he will be ok. The only way this could be closed down is if the US Gov went after btc. In which scenario btc would be worthless. But that won't happen.
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July 23, 2013, 07:12:06 PM
 #1530

Petition to Bitcoin stock exchanges:

I ask you to find a decentralized solution for investors to be able to store our stock shares offline, in case of catastrophe and if this site goes down.

One possibility: Investigate "colored BitcoinX" to download stock shares to our computers and store offline, like Bitcoins. It allows to "paint" fractional bitcoins into IOUs, stocks and financial assets and will write our asset possessions right into the block-chain.
Another option, is to develop a new block-chain for stocks and other assets.

This will greatly reduce shareholder risks, -and- allow investors to invest more money.
(The goal is to proof the exchanges vs. government regulatory attacks, hackers, and to keep our freedom)

-Technologov
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July 23, 2013, 07:12:54 PM
 #1531

...
Not to mention these "exchanges" are in Belize.

What part of US was Liberty Reserve based in, again?
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July 23, 2013, 07:15:38 PM
 #1532

Last preview for the day then guys, did a few more experiments on with typefaces and spacing:



Pick your winners Wink
Sorry to offend the other poster but I actually think these logo designs are fantastic and could bring a lot of people to the business. Thats why international corporations spend millions on their logos and why we should be giving this excellent design lots of exposure.

Personally I think the less stretched out  and taller 'virtual mining co.' in a lighter font  (not one of your options) would look the best. Also I like the forward looking (to the left) nature of the 'toaster/E' logo but prefer the blades. So blades to the left not the right for me, they look restrictive pointing back towards the text.
 
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July 23, 2013, 07:18:36 PM
 #1533

Yes, the logos are good Smiley
But Bitcoin stock exchanges is the weak link, and please see my petition above.

Disclosure: I'm a large shareholder of ActiveMining and scared shitless of what could happen if Bitfunder goes down (due to regulatory attacks or otherwise). I do own a backup of their public assets list, ofc, but wanna find a long-term solution.
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July 23, 2013, 07:18:54 PM
 #1534

Last preview for the day then guys, did a few more experiments on with typefaces and spacing:

/snip/

Pick your winners Wink
Thats why international corporations spend millions on their logos and why we should be giving this excellent design lots of exposure.

Yespls.

Quote
Personally I think the less stretched out  and taller 'virtual mining co.' in a lighter font  (not one of your options) would look the best. Also I like the forward looking (to the left) nature of the 'toaster/E' logo but prefer the blades. So blades to the left not the right for me, they look restrictive pointing back towards the text.

Thanks for your input, I'll definitely try all of these ideas when I start work again tomorrow.
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July 23, 2013, 07:30:29 PM
 #1535

...
Not to mention these "exchanges" are in Belize.

What part of US was Liberty Reserve based in, again?


yeah yeah yeah, splitting heirs...
LB was a shady operation and had NOTHING to do per se with bitcoin
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July 23, 2013, 07:33:38 PM
 #1536

Well the SEC sure doesn't "beat around the bush":


“Ponzi scheme operators often claim to have a tie to a new and emerging technology as a lure to potential victims,” said Lori J. Schock, Director of the SEC’s Office of Investor Education and Advocacy.  “Investors should understand that regardless of the type of investment, a promise of high returns with little or no risk is a classic warning sign of fraud.”

Caveat Emptor I don't need a babysitter.

It's not about having a baby sitter, it's about the SEC knocking on these exchanges doors or even each individual offering and saying shut it down because the correct procedures weren't taken.


at the bottom of the page of BTC-TC:

* This is a virtual stock exchange using virtual currency. Virtual goods utilized on this site are for entertainment and educational purposes only.

Not to mention these exchanges are in Belize.

Putting an asterisk and bold letters on your website stating that there's "nothing to see here, move along" does not exempt you from the law. That being said not all of the issuers on these exchanges are "in" belize. By the way, simply being registered in another country while living and operating in the united states will not save you either.

That being said none of this is meant to start anything other than asking Ken's opinion on this matter since it effects all the shareholders and himself.

Well, it is better than having the company in this country.  There is a law (SEC) that if the stock exchange is out side of the US and you are not targeting US citizens you are exempt from registering.  We are not doing anything to target US citizens, in fact on Bitfunder we don't know where the shareholders live same on BTC-TC; however on BTC-TC we have their email address.  BTC-TC is registered in Belize so that stock exchange is outside the country.  The company is out side the country and we are not targeting US citizens.
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July 23, 2013, 07:36:52 PM
 #1537

Alright then guys, here's one of the two logo concepts I've been working on today, still based around the same idea as the first:







Hey Hazryder. Nice work.  I'm really digging the blades design.  I also am a graphic designer. One minor critique...    Please consider Idlewild (book Weight) underneath the main VMC. It should jive a little better and give it a bit of a cleaner corporate feel.  Its by the reputable foundry Hoefler & Frere-Jones. The typeface of the VMC as you have it conveys virtual and computers and clean and corporate and it has a nice thickness that should balance off of it well.

If you need to find it here is a link to a zip http://wehaslinks.com/download/5361/1bad920e63f6ce9cc40a3cb0f301a64c

I like the one on the bottom, see my PM.
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July 23, 2013, 07:37:44 PM
 #1538

Friedcat of AM fame released the AM financial statement today and I noticed something interesting in his Project Timeline, specifically in Nov-Dec...

Update

Financial Status

...
blah blah blah
...

August-September: Deploy/sell all hashpower arriving in July and early August.
September-November: Deploy/sell the hashpower ordered at early July.
November-December: Experimental products of 2nd-gen chips and modular large-scale deployment solutions.

Modular, you say? What a brilliant idea!


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knybe
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July 23, 2013, 07:41:11 PM
 #1539

Friedcat of AM fame released the AM financial statement today and I noticed something interesting in his Project Timeline, specifically in Nov-Dec...

Update

Financial Status

...
blah blah blah
...

August-September: Deploy/sell all hashpower arriving in July and early August.
September-November: Deploy/sell the hashpower ordered at early July.
November-December: Experimental products of 2nd-gen chips and modular large-scale deployment solutions.

Modular, you say? What a brilliant idea!

now THAT... is good shit.
kslaughter (OP)
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July 23, 2013, 08:15:15 PM
 #1540

Friedcat of AM fame released the AM financial statement today and I noticed something interesting in his Project Timeline, specifically in Nov-Dec...

Update

Financial Status

...
blah blah blah
...

August-September: Deploy/sell all hashpower arriving in July and early August.
September-November: Deploy/sell the hashpower ordered at early July.
November-December: Experimental products of 2nd-gen chips and modular large-scale deployment solutions.

Modular, you say? What a brilliant idea!

now THAT... is good shit.

October/November Active Mining Deploys and Sells our 1st Gen 28nm 16 GH/s chip
Modular Deployment for Active Mining's mining farm with up to 24.576 TH/s per 34U's of rack space.  Now that is good stuff if I say so myself.
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