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

[Edser]

FYI,
I got my refund cleared by the bank.

All in all, they could be trying hard and failing as a business. The PR sucks big time, and they just may have good intentions with bad business practice.

[VolanicEruptor]

FYI,
I got my refund cleared by the bank.

All in all, they could be trying hard and failing as a business. The PR sucks big time, and they just may have good intentions with bad business practice.

I'll be happy to prove that they have failed deliberately to benefit themselves.  I know it sounds backwards, but the secret word is salary.  They didn't spend a dime on what they were supposed to.

[BitThink]

I found it interesting that many people here care more about relisting than the progress of this project. Does it mean once it is relisted you can pass the hot potatoes to others? Who will buy it and what will be the price if it is relisted now, when there're still no updates about the (test) chips after it has delayed about two months? Yes, I know Ken said he will update the progress of chips (not confirm it is finished) in NEXT month.

Seriously, I think it's better to press Ken more to consider compensating the investors, other than push him to relist and try to pass the shares to others. No one will buy them under current situations.

[Thumper650]

...
Seriously, I think it's better to press Ken more to consider compensating the investors, other than push him to relist and try to pass the shares to others. No one will buy them under current situations.

ROFL

That's some Intellihash thinking right there.  As the shares become worthless, Ken refunds all the money.

[kslaughter]

I like the idea of color coins myself, I didn't think they would be available so soon. I believe CC would attract very positive attention for ActM. The only problem I see is user-friendliness, or lack thereof. The first thing on ChromaWalet's website is a message stating "Colored Coins are not simple or easy to use!" that troubles me somewhat. Is ken going to be inundated with users who are stuck in some technical misunderstanding re. CC, waste his time/drive him crazier with millions of PMs per hour/cry foul and scam and "where's mah f*@%ing shares! OMG Ken ripped me off!" when they can't figure out how CC works?

I am fairly confidant I can figure out how to use ChromaWallet but it is going to take me a few hours of tinkering with it first, I am not so sure about some of the other users here. Not being critical of people's abilities, just saying, this could cause massive cock-ups and problems if implemented too soon... I'm really not so worried about bugs so much either, good minds have done a lot of hard work on the core workings of CC, any unforeseen problems will most likely be fixed fast.

Now, seeing as, due to the recently revealed delays,  there will really be no discernible progress with ActM for a couple of months anyway, we are in a good position to implement ColorCoins soon and work out the blips before any real movement hits the market.

My vote; YES to Colored Coins.

I plan on making the CC interface easy to use after the CC developers have the core tested and working.

[MassiveInvestor]

...
Seriously, I think it's better to press Ken more to consider compensating the investors, other than push him to relist and try to pass the shares to others. No one will buy them under current situations.

ROFL

That's some Intellihash thinking right there.  As the shares become worthless, Ken refunds all the money.

Looks like everyone is on the same page! I on the other think that i get tired of hearing a bunch of guys that rallied on a sketchy crypto currency and formed a company to wander into a business of making ASIC chips for a unsecure market like Bitcoin Mining. Looks to me like people want to micro manage a group that are doing the best they can with what they have to work with......

You buy machines they give your money back. You invest you Risk Making MONEY........... Guess what You invest you Risk loosing money!

Now what is nice is most people like myself who invested in unsecured sketchy Bitcoin Mining Stock Trading sites like Bitfunder probably did so with what amounts to a $300 investment in a GPU that yielded some bitcoin that miraculously appreciated because of its existance in the Virtual World!!

Good Job Ken!! make me some money!! Or at least give it a Shot!!!!!!   Blah Blah Blah to all the critics out there that are Scrooge!!!!

[arousedrhino]

FYI,
I got my refund cleared by the bank.

All in all, they could be trying hard and failing as a business. The PR sucks big time, and they just may have good intentions with bad business practice.

I'll be happy to prove that they have failed deliberately to benefit themselves.  I know it sounds backwards, but the secret word is salary.  They didn't spend a dime on what they were supposed to.

Ok then, please prove it.

[MassiveInvestor]

FYI,
I got my refund cleared by the bank.

All in all, they could be trying hard and failing as a business. The PR sucks big time, and they just may have good intentions with bad business practice.

I'll be happy to prove that they have failed deliberately to benefit themselves.  I know it sounds backwards, but the secret word is salary.  They didn't spend a dime on what they were supposed to.

Ok then, please prove it.

Looks like some facts are skewed by the masses again. It is verified that eAsic is contracted and taped out on the chipset for this project. Look at the press releases on their website. I have worked in the Silicon world for a great deal of time............. one thing is for sure!  If you don't pay the $$ they dont unlock the door and let you in! so if no money was spent on the projects and they took more than peanuts for salary then they didn't get eAsic's name on the project!

And I know the starting Salary in Silicon Valley for chip engineering, development and such starts at Two hundred and fifty thousand dollars..........

[toastee]

I plan on making paying someone to make the CC interface easy to use after the CC developers have the core tested and working.

please.

[JoTheKhan]

all you need is a program to assign shares to each user according to the color coin assignments, and then divy up the money according to what % they own of the total shares. It requires a bit of simple programming, which Ken should hire someone for.

+1 For multiple reasons (Ken shouldn't waste extended time on this since we are already behind).

[VolanicEruptor]

Whew.  I thought for a second he was going to try turning on a computer all by himself

[BitThink]

...
Seriously, I think it's better to press Ken more to consider compensating the investors, other than push him to relist and try to pass the shares to others. No one will buy them under current situations.

ROFL

That's some Intellihash thinking right there.  As the shares become worthless, Ken refunds all the money.

Maybe it's funning in the crypto-world. If it were in real life, Ken will be fired by the board months ago. Crypto-world is such a wonderful world for IPO, collect money and I don't need to take any responsibility.

Certainly, Ken cannot refund the money. If he still have money left now, he will become a scammer. He, however, could apologize and reduce his personal holding and use that to compensate the public share holders. Even the shares worth almost 0 now, this at least proves he's a decent person and really take the investor's money and his responsibility seriously.

[minerpart]

Ken shouldn't waste extended time on this since we are already behind.

Sure but remember ken doesn't actually build the chips or boards himself. We have Gerald at VMC HQ dealing with calls and customer enquiries. And Ken has just spent a few days meeting with our main  partner/supplier, so everything should be covered right now.

Think about how a typical CEO structures their day. They usually only work a few hours each morning - and have a few key meetings each week. CEO's are not supposed to be grafters, they are supposed to manage from a distance, delegate, and make key decisions. Ken could commit just 10 hours a week on this (like many CEO's do) and still be doing his full duty. The fact he even wants to spend days and days coding when he does have funds to hire and sit back means his heart is in this company and he is more dedicated to it's success than any career CEO would be.

[drawingthesun]

Has Bargraphics had his meeting with Ken yet? Or is Ken still away?

[zefyr0s]

...
The fact he even wants to spend days and days coding when he does have funds to hire and sit back means his heart is in this company and he is more dedicated to it's success than any career CEO would be.

Ken has funds for the refund and not as much for hiring because he isn't going to spend those funds until products are shipped to them.

[Bargraphics]

Has Bargraphics had his meeting with Ken yet? Or is Ken still away?

This should happen on this coming Sunday or Monday.

[deizel]

The first thing on ChromaWalet's website is a message stating "Colored Coins are not simple or easy to use!"

The exact quote (not taken out of context) is: "Warning: the current version is only a preview which runs on the testnet, it is not easy to use and set up." This is because the alpha version requires editing configuration files and accessing the command-line to set up the testnet this version runs on. The beta version, which is due at the end of this month, will not require such steps.

If he still have money left now, he will become a scammer. He, however, could apologize and reduce his personal holding and use that to compensate the public share holders. Even the shares worth almost 0 now, this at least proves he's a decent person and really take the investor's money and his responsibility seriously.

So, you invested and want a refund? You put your money towards a cause and now you want your money back? The sooner we get trading, the sooner we can shake out these weak hands. I don't understand some people, for example, the Seedcoin Fund IPO just finished on Havelock in the last 48 hours and people have already sold shares for losses in the 10-20% range.

[Stuartuk]

Yawn.......

welcome to the forum by the way.

(his third post)

[st4nl3y]

seriously, I am losing my patience!!!

[VolanicEruptor]

Yawn.......

welcome to the forum by the way.

(his third post)

Yeah, just like the large influx of ken supporters who have about 10 posts on average!  good job at pointing that out, ur smrt!