[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[Jasun7211]

Just wait for ethereum.  We've all waited this long!!!

[drawingthesun]

Just wait for ethereum.  We've all waited this long!!!

I much prefer us using coloured coins.

Remember Ethereum is a competitor to Bitcoin itself.

[snowdropfore]

i think we should foucs on chips now ,without chips, shares worths zero!

[qukkM]

Hey has anyone heard of confirmed refunds being processed. I requested mine be in January and not had anything. Ken has promised it is on the way but I never get a response from the customer service people. Ken replies with one word messages confirming the cheque is on the way but nothing ever arrives.

I am a customer and shareholder and cannot find another customer confirming receipt of a refund.

[kleeck]

Hey has anyone heard of confirmed refunds being processed. I requested mine be in January and not had anything. Ken has promised it is on the way but I never get a response from the customer service people. Ken replies with one word messages confirming the cheque is on the way but nothing ever arrives.

I am a customer and shareholder and cannot find another customer confirming receipt of a refund.

Hey qukkM!

Ken has issued refunds. He recently stated that VMC is getting behind, though. I know three individuals personally that have received their refunds and even more by proxy. I'd ask Ken when your refund was sent out so you can decide how to move forward. Let me know if you continue to not get anywhere and I'll do what I can to get you the information you need.

[qwertyqwerty]

Do I read this correctly?

https://counterparty.co/faqs/why-must-dividends-bets-and-betting-fees-be-paid-in-xcp/

I don't care to have dividends paid in XCP... that's a huge no-go for me.

Definite dealbreaker

Agreed, who wants divs in XCP?

I would prefer Direct shares over the CounterParty or maybe have both. Direct for those who want divs, CP for those who just want to play the market.

After a discussion, dividend payouts in BTC will be implemented in Counterparty! (no need to send/receive XCP). Work on BIP32 clients are underway, that will allow a user to; issue & trade assets and send & receive dividends via a thin-app or web-based wallet without downloading entire blockchain and interfacing with local bitcoind. Development is progressing quickly.

[stenkross]

CounterParty XCP is here too. It enables asset issuance, stock distribution, exchange & dividend payments. completely built on top of bitcoin protocol layer. arguably more mature than any of the colored coin implementations currently being trialed, including chroma, SF, etc.

ActiveMining could well be forward thinking, emerge in the bitcoin 2.0 saga by leading the way with the first truly decentralised asset

http://www.blockscan.com/asset.aspx

Please note this:

Disclaimer: The code being released here is of alpha-quality and under heavy development. You should expect to encounter significant bugs when using it. It is even possible that a bug might cause you might lose some money. The Counterparty team will do everything in its power to prevent this from happening, but this technology is very new, and the implementation is not yet well-tested. In particular, we may at some point have to change the Counterparty protocol in a not backwards-compatible way, if such a change is necessary to fix a bad bug or an exploit. As always, don't invest more than you can afford to lose.

As with CC I wonder who is responsible for support?
Can support guarantee that if we encounter a high impact bug of some sort it will be sorted out?
If not, please don't gamble, wait until it is stable!

[kslaughter]

Virtual Mining Corporation 02/27/14
 
Virtual Mining is currently processing and confirming pre-order refund requests. It is a very timely process because we are in the final stages of configuration before all of our pre-orders are shipped. Look to your email for product shipping order schedule. At the current time we are not immediately moving every order to a refund status due to our final staging and rigging our products for shipping.
 
We are contacting all of our valued customers with pre-orders  with our new product specification details that includes an increase in hashing power.  This increase in hashing power will make up for our delay in shipping.  Should any of our customers still wish to receive a refund even with the increase in hashing power please contact our customer service department.
 
Thank you for your continued patience and good luck on your Mining Ventures
 

[JahPowerBit]

The payment of the dividend in BTC will soon be available with counterpartyd and its various clients.

Can the BTC functionality be built into a client or counterwallet? Wouldn't you just need an interface where the protocol can tell the client where to send dividends etc? If this functionality could be added I think it would help enormously.

+1

Yes. Great idea. I will add this feature in BoottleXCP:

I just add Phase 3 here : https://forums.counterparty.co/index.php/topic,134.msg932/topicseen.html#msg932

This is the kind of thing that, if it's to be done, should be implemented at the level of counterpartyd. I'll add the functionality to the backend, and you can just call create_dividend as you normally would (albeit with an extra argument), alright?

Yes alright!!

[neilol]

Virtual Mining Corporation 02/27/14
 
Virtual Mining is currently processing and confirming pre-order refund requests. It is a very timely process because we are in the final stages of configuration before all of our pre-orders are shipped. Look to your email for product shipping order schedule. At the current time we are not immediately moving every order to a refund status due to our final staging and rigging our products for shipping.
 
We are contacting all of our valued customers with pre-orders  with our new product specification details that includes an increase in hashing power.  This increase in hashing power will make up for our delay in shipping.  Should any of our customers still wish to receive a refund even with the increase in hashing power please contact our customer service department.
 
Thank you for your continued patience and good luck on your Mining Ventures
 

Nice to see some PR- keep it up

[knybe]

The payment of the dividend in BTC will soon be available with counterpartyd and its various clients.

Can the BTC functionality be built into a client or counterwallet? Wouldn't you just need an interface where the protocol can tell the client where to send dividends etc? If this functionality could be added I think it would help enormously.

+1

Yes. Great idea. I will add this feature in BoottleXCP:

I just add Phase 3 here : https://forums.counterparty.co/index.php/topic,134.msg932/topicseen.html#msg932

This is the kind of thing that, if it's to be done, should be implemented at the level of counterpartyd. I'll add the functionality to the backend, and you can just call create_dividend as you normally would (albeit with an extra argument), alright?

Yes alright!!

interesting… can you elaborate?

[minerpart]

I am wondering if it is possible to confirm in any way that Ken has my shares.

No not right now. Keep checking back each week or so and you will see when and where the shares will be tradeable again.

[JahPowerBit]

The payment of the dividend in BTC will soon be available with counterpartyd and its various clients.

Can the BTC functionality be built into a client or counterwallet? Wouldn't you just need an interface where the protocol can tell the client where to send dividends etc? If this functionality could be added I think it would help enormously.

+1

Yes. Great idea. I will add this feature in BoottleXCP:

I just add Phase 3 here : https://forums.counterparty.co/index.php/topic,134.msg932/topicseen.html#msg932

This is the kind of thing that, if it's to be done, should be implemented at the level of counterpartyd. I'll add the functionality to the backend, and you can just call create_dividend as you normally would (albeit with an extra argument), alright?

Yes alright!!

interesting… can you elaborate?

When you make an issuance with Counterparty, it's, by definition, easy to know at each instant all shareholders, and how many shares each have.
So it's easy to build one or more btc transactions to pay dividends.
And so, even if it's not really a Counterparty transaction, PhantomPhreak will add the ability to send dividend in BTC with counterpartyd.

[knybe]

this may be way off topic but it reads very similar to a certain CEO of a certain company that we are all invested in, especially in regards to PR:

EXCLUSIVE: Charlie Shrem Speaks Out About Mt. Gox...

Shrem believes the company should have, long ago, hired an agency to handle its PR, but it didn’t, because Karpeles didn’t want anyone to know Mt. Gox’s inner workings (read: didn’t want anyone to know what a dire mess it was in).

[knybe]

also, there has been a 600TH jump at ASICMINER in the last 24hrs… the competition is becoming insanely more fierce.

[kslaughter]

this may be way off topic but it reads very similar to a certain CEO of a certain company that we are all invested in, especially in regards to PR:

EXCLUSIVE: Charlie Shrem Speaks Out About Mt. Gox...

Shrem believes the company should have, long ago, hired an agency to handle its PR, but it didn’t, because Karpeles didn’t want anyone to know Mt. Gox’s inner workings (read: didn’t want anyone to know what a dire mess it was in).

Except we aren't in a dire mess.

[JoTheKhan]

this may be way off topic but it reads very similar to a certain CEO of a certain company that we are all invested in, especially in regards to PR:

EXCLUSIVE: Charlie Shrem Speaks Out About Mt. Gox...

Shrem believes the company should have, long ago, hired an agency to handle its PR, but it didn’t, because Karpeles didn’t want anyone to know Mt. Gox’s inner workings (read: didn’t want anyone to know what a dire mess it was in).

Except we aren't in a dire mess.

We don't think ACTM is, Knybe is just trying to express how much PR has positive AND negative effect on the company, it's a tool to help the company, but if you don't use it, it can only hurt the company.

[knybe]

this may be way off topic but it reads very similar to a certain CEO of a certain company that we are all invested in, especially in regards to PR:

EXCLUSIVE: Charlie Shrem Speaks Out About Mt. Gox...

Shrem believes the company should have, long ago, hired an agency to handle its PR, but it didn’t, because Karpeles didn’t want anyone to know Mt. Gox’s inner workings (read: didn’t want anyone to know what a dire mess it was in).

Except we aren't in a dire mess.

We don't think ACTM is, Knybe is just trying to express how much PR has positive AND negative effect on the company, it's a tool to help the company, but if you don't use it, it can only hurt the company.

wink wink nudge nudge:  The 2013 PR 50: The Best Public Relations People In The Tech Industry

[drawingthesun]

also, there has been a 600TH jump at ASICMINER in the last 24hrs… the competition is becoming insanely more fierce.

Is this all they are expecting to put online?

[equipoise]

Crypto-trade is up and running in audit mode. As specified on their page during the 2-3 weeks audit "All people can either withdraw their funds or can keep in our site. Trading and API will be disabled during the auditing period. All the withdrawals will be processed manually.". I hope Ken will get the shares list and keep it secured.