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

[dexX7]

i think more crashing will come, some US are sleeping i guess

<StalkBot> Current time in US/Central: Tuesday October 8 2013 7:09:25 PM

[Ozymandias]

Sigh, more shenanigans as a result of US dumbassery. I find myself more ashamed of the country of my current residence every day.

At this point, as much of a pain in the ass as it would be, I would vote for direct shares (at least until this colored coin thing is implemented [successfully] into the protocol along with a public bitfunderesque list of addresses and the numbers of shares they hold (this way Ken wont have to verify that specific people own specific numbers of shares since to prove that all the seller would need to do is sign a message with that address; he'll still need to manually transfer them either himself, or by some intern/non-skilled laborer who knows his/her way around an excel spreadsheet). Exchanges are no longer useful due to their lack of reliability, willingness to cowtow to implied terrorist demands, and the fact that they are now little more than mediums of price manipulation. </opinion>

[kslaughter]

i am interested what happened to the guy, who paid ken to transfer from BF to btct.

i assume he is back to BF, with a big loss, and more if he is US citizen.

i feel sad for him

ancient history.
it was VolcanicEruptor and trust me, there's no need to feel sad for him.

You got that right!

[VolanicEruptor]

I only held 50,000 shares after the "big crash" down to .0015.  
Before that, I managed to sell 150,000 above IPO value on BTCT.
Don't worry, I'm alright.  Ken is the only reason the share price has plummeted this far, nothing to do with BF or BTCT
I'm Canadian BTW

[Sou]

You guys colored coins is not an option right now. We need to be thinking of a solution that fits for us in the immediate.

[LorenzoMoney]

An altcoin which represents shares of a specific company is interesting. There would be no mining for it, and it would be strictly an accounting system.

As long as there is an accounting system for ownership of shares, they still can be traded over the Internet.

Ken have you considered this?

click: Colored Coins

But those have not been implemented in to the protocol yet. But, what we could do is create a alt-coin that represents the shares.   

[Sou]

An altcoin which represents shares of a specific company is interesting. There would be no mining for it, and it would be strictly an accounting system.

As long as there is an accounting system for ownership of shares, they still can be traded over the Internet.

Ken have you considered this?

click: Colored Coins

But those have not been implemented in to the protocol yet. But, what we could do is create a alt-coin that represents the shares.   

Yes, something like this wouldn't be too hard to implement. I emailed Ken about this some time ago. All we would have to do is config the protocol to fit our need: pre-mine all 10m shares, make them non-fungible (only non-negative integers), and make them redeemable by transfer on BF.

[kslaughter]

I only held 50,000 shares after the "big crash" down to .0015.  
Before that, I managed to sell 150,000 above IPO value on BTCT.
Don't worry, I'm alright.  Ken is the only reason the share price has plummeted this far, nothing to do with BF or BTCT
I'm Canadian BTW

@VolanicEruptor  So, I caused it to plummeted this far, VE Get Real.  Nothing to do with BTC-TC closing down and Bitfunder cutting off US Citizens, just me caused this panic.  Get Real.

[dexX7]

I think it's obvious and very understandable that people act somewhat emotional today.

[auto2nr1]

Please let me know if there is a plan for US citizens to continue trading ActiveMining on another platform. Thanks.

[kslaughter]

An altcoin which represents shares of a specific company is interesting. There would be no mining for it, and it would be strictly an accounting system.

As long as there is an accounting system for ownership of shares, they still can be traded over the Internet.

Ken have you considered this?

click: Colored Coins

But those have not been implemented in to the protocol yet. But, what we could do is create a alt-coin that represents the shares.   

You would have to have mining, to support the network.  The miners would receive fees for the transactions, just like Bitfunder receives fees now.

[kslaughter]

Please let me know if there is a plan for US citizens to continue trading ActiveMining on another platform. Thanks.

Working on that as we speak.

[VolanicEruptor]

I only held 50,000 shares after the "big crash" down to .0015.  
Before that, I managed to sell 150,000 above IPO value on BTCT.
Don't worry, I'm alright.  Ken is the only reason the share price has plummeted this far, nothing to do with BF or BTCT
I'm Canadian BTW

@VolanicEruptor  So, I caused it to plummeted this far, VE Get Real.  Nothing to do with BTC-TC closing down and Bitfunder cutting off US Citizens, just me caused this panic.  Get Real.

Your lack of marketing skills crashed the price below IPO long before BTCT announced they are shutting down.  When people started learning how to do math, and realizing you would need to make $3.5 million in profits just to make us .0025, caused the price to drop because your sales figures were way too low.  I've been around a long time, Ken.. the share price was very unhealthy LONG BEFORE burnside made his announcement.  Get real.

[knybe]

An altcoin which represents shares of a specific company is interesting. There would be no mining for it, and it would be strictly an accounting system.

As long as there is an accounting system for ownership of shares, they still can be traded over the Internet.

Ken have you considered this?

click: Colored Coins

But those have not been implemented in to the protocol yet. But, what we could do is create a alt-coin that represents the shares.   

You would have to have mining, to support the network.  The miners would receive fees for the transactions, just like Bitfunder receives fees now.

for us layman who've never created "alt coins" is this a complicated undertaking?

[knybe]

I only held 50,000 shares after the "big crash" down to .0015.  
Before that, I managed to sell 150,000 above IPO value on BTCT.
Don't worry, I'm alright.  Ken is the only reason the share price has plummeted this far, nothing to do with BF or BTCT
I'm Canadian BTW

@VolanicEruptor  So, I caused it to plummeted this far, VE Get Real.  Nothing to do with BTC-TC closing down and Bitfunder cutting off US Citizens, just me caused this panic.  Get Real.

Your lack of marketing skills crashed the price below IPO long before BTCT announced they are shutting down.  When people started learning how to do math, and realizing you would need to make $3.5 million in profits just to make us .0025, caused the price to drop because your sales figures were way too low.  I've been around a long time, Ken.. the share price was very unhealthy LONG BEFORE burnside made his announcement.  Get real.

Come on VE, you got yours. now have some decency get of here with your opinions for a while.

You're becoming as helpful as the trolls you once admonished.

[chsados]

Ken have you considered this?

click: Colored Coins

+1

Enough is enough, it is time to get serious about supporting development of colored coins

[kslaughter]

I have sent a message to 796.com about setting up ActiveMining there.  This could be a stop gap solution until we could do a colored coin client or an Alt coin solution.

[bobdude17]

I have sent a message to 796.com about setting up ActiveMining there.  This could be a stop gap solution until we could do a colored coin client or an Alt coin solution.

 

[chsados]

I have sent a message to 796.com about setting up ActiveMining there.  This could be a stop gap solution until we could do a colored coin client or an Alt coin solution.

nice, please keep us informed.

ken, do you have funds stashed away to help along development of colored coins?

[bitmoon]

hmm im not a US, but i dont want to provide documentation to Weexhange, for obvious reasons.

what if Weexchange gets hacked? or if something bad happen and gov take your details, etc


all this guy thru my head now.

ken, i think is better to migrate again to havelock, i feel 95% not handing over info to Weexchange, there site is beta looking, not feel safe too.