[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[equipoise]

equip - please don't quote the Trolls, if you do you will be ignored also. This one has just posted under one name (mainline) and mistakenly answered under another (eduardo) - it is the same guy. Thanks.

You are right. I just deleted my post with the troll quoted. I know they are the same guy as well as crumbs and at least 2 more. I have all of them in my ignore list, but from time to time I unignore them to see what they are trolling currently. I'll try to refrain myself from quoting them.

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[minerpart]

Thanks equip.

[finlof]

There is also an option we may be overlooking. That of sytematically swapping the 55nm boards for 28nm boards for a fairly streamlined tech up. That'd be neat, but would require logistical analysis.

I forgot you were the data centre guy, I guess you know more about this than me! If it's cost-effective then it certainly looks achievable over the next 3months. Your above suggested solution would make the swap-over super-quick. Someone should ask Ken if this is a possibility - is Vince compiling a list of questions for todays update?

Not this time round - most of the most important questions were answered and ken has given a lot of substantive information. I might start collecting questions again if things get out of hand again.

I have asked him a list of 7 questions that he said he would try to answer.  look back at my previous posts for the questions.

[Nootnewbie]

Is the current situation that trading is suspended until all of Ukyo's shares are sold?

[zumzero]

1. The lein and sale of ukyo's shares to recover funds is legal and does not expose legal risk. If Ukyo started proceedings Ken would be obliged to hold onto the shares until they were resolved, so there is incentive for Ken to liquidate them sooner rather than later.

2. The shares are not for Ken, they are for the company

3. Ken/the company doesn't care what price the shares are sold for, save for the fact the 100BTC+costs needs to be recovered. Leaving some shares for Ukyo is not a consideration. Liquidating the shares to recover 100BTC+costs is the ONLY consideration.

4. Since it is not Ken personally trading, but the company, it doesn't legally matter if no other shares are tradable. This is essentially a re-IPO of Ukyo's shares

5. Ken is selling shares at most likely the price Ukyo paid for them, so Ukyo can't claim "they are worth more" - the fact they are selling semi slowly (30,000 shares in 24 hours) proves this point

6. If Ukyo takes Ken to court and wins (not gonna happen), in theory Ken can just give Ukyo 200,000 of his own 15 million shares. If I remember correctly there are also some shares from the first 10million that haven't actually sold yet (about 200k?)


Kids - sit down and have a glass of milk.

Bump

[hak8or]

[Xpost from http://www.reddit.com/r/BitcoinStocks/comments/1x3lp9/counterparty_xcp_a_new_platform_for_trustfree/]

Seeing that there already appear to be various distributed exchange implementations which already work (Master Coin, Counter party), do you guys feel ActiveMining should drop its exchange efforts and just use one of these? I say yes, we have been fine waiting for a colored coin implementation but already have two other working solutions, both of which do the exchange in very different ways, there is no reason to continue wasting time, money, and efforts on making our own at this point.

[Jasun7211]

[Xpost from http://www.reddit.com/r/BitcoinStocks/comments/1x3lp9/counterparty_xcp_a_new_platform_for_trustfree/]

Seeing that there already appear to be various distributed exchange implementations which already work (Master Coin, Counter party), do you guys feel ActiveMining should drop its exchange efforts and just use one of these? I say yes, we have been fine waiting for a colored coin implementation but already have two other working solutions, both of which do the exchange in very different ways, there is no reason to continue wasting time, money, and efforts on making our own at this point.

Wait for ethierum!!!   Stick with CT for now untill some project solidifies.

[SebastianJu]

So with the price at 0.0007BTC selling nearly stopped. I guess it will take weeks until we are allowed to trade our shares...

[EduardoDeCastro]

[15:05] <xxx> So ken seems to be logging in every so often and selling down to .0005
https://i.imgur.com/zmDRe9V.jpg

Let's see if financial wizards will keep buying > .0005

[minerpart]

Bump

That is all yesterday's discussion. We are over this already. Please keep up.

[minerpart]

Is the current situation that trading is suspended until all of Ukyo's shares are sold?

No it is absolutely not. Ken said explicitly this is not the case. Work is in progress to get the auto-transfer site up and running.

[zumzero]

Bump

That is all yesterday's discussion. We are over this already. Please keep up.

Jasun said keeping bumping Vinces excellent post all week so I'd say I am keeping up sweet tits.

1. The lein and sale of ukyo's shares to recover funds is legal and does not expose legal risk. If Ukyo started proceedings Ken would be obliged to hold onto the shares until they were resolved, so there is incentive for Ken to liquidate them sooner rather than later.

2. The shares are not for Ken, they are for the company

3. Ken/the company doesn't care what price the shares are sold for, save for the fact the 100BTC+costs needs to be recovered. Leaving some shares for Ukyo is not a consideration. Liquidating the shares to recover 100BTC+costs is the ONLY consideration.

4. Since it is not Ken personally trading, but the company, it doesn't legally matter if no other shares are tradable. This is essentially a re-IPO of Ukyo's shares

5. Ken is selling shares at most likely the price Ukyo paid for them, so Ukyo can't claim "they are worth more" - the fact they are selling semi slowly (30,000 shares in 24 hours) proves this point

6. If Ukyo takes Ken to court and wins (not gonna happen), in theory Ken can just give Ukyo 200,000 of his own 15 million shares. If I remember correctly there are also some shares from the first 10million that haven't actually sold yet (about 200k?)


Kids - sit down and have a glass of milk.

Bump

[minerpart]

It's pointless going over old arguments that people aren't talking about anymore. We could have the same 5-page debate again just a day later if you want but I think that is done and dusted.

[mainline]

[15:05] <xxx> So ken seems to be logging in every so often and selling down to .0005
https://i.imgur.com/zmDRe9V.jpg

Let's see if financial wizards will keep buying > .0005

Lol, it gets better...

http://s9.postimg.org/jeiminsjj/Capture.jpg

Of course, there's some muppet raging "it ain't so," but who would buy high *specifically* to sell low???  IT *IS* Ken.

[zumzero]

@ minerpart. I have made four posts in the last week or so, 50% of them having to respond to you right now.  I have read a lot of shite since I got my life back and kicked the rather unhealthy habit of checking this forum all day every day.  I'd say Vince's post is by far the best I've read in a long time and am expressing my like for it, that is all.  It was only yesterday indeed!  

Ken, you are doing an excellent job and don't let the resident pair of trolls wear you down, namely VE & crumbs and their many aliases.  They are mentally unstable, and don't have regular jobs like you and I.  They don't contribute to society and bear a grudge against hard working honest persons like yourself.  

[Vigil]

Why is someone selling at .0005 when people are buying at .0007?

[wasubii]

Why is someone selling at .0005 when people are buying at .0007?

Its Ken. Because apparently he gets a kick out of fucking over shareholders.

[minerpart]

Its Ken. Because apparently he gets a kick out of fucking over shareholders.

That doesn't make sense, buyers and sellers are free to fill the order book however they like.

Ken said he needs to sell these shares ASAP in case Ukyo impounds them via legal action. He put them up at a fixed price and they were going quickly (20%+ in a day). They would have all been gone in 4 days. Now if you seize assets under lien you have to sell them on an open market and get a fair price for them. Fixing them at 0.0005 isn't really that, so Ken has placed them at different price levels so that the market can decide what price it wants to pay for them. If they don't sell at 0.0008 then Ken will have to keep reducing the price until they do sell so that we have sold them ASAP but at a fair price. However if 20k do sell at 0.0008 nodoubt more will be put up at 0.0009 etc.

[Ozymandias]

Frankly, it's nothing short of amazing how much free time crumbs et al. have to post on this thread, granted every incarnation gets insta-ignored so I don't know what they're saying, but the sheer volume and frequency of the comments is nothing to scoff at. I hope they're either getting paid or getting off to this thread because otherwise I kinda feel bad for the poor little fellas...

On a more relevant note, any guesses on the substance of today's update?

[JoTheKhan]

Frankly, it's nothing short of amazing how much free time crumbs et al. have to post on this thread, granted every incarnation gets insta-ignored so I don't know what they're saying, but the sheer volume and frequency of the comments is nothing to scoff at. I hope they're either getting paid or getting off to this thread because otherwise I kinda feel bad for the poor little fellas...

On a more relevant note, any guesses on the substance of today's update?

He actually makes some decent points when he decides not to troll everyone.