[ActiveMining] Official Shareholder Discussion Thread [Moderated]

[zumzero]

Me and you will be alright as David Irvine is the real deal and things are progressing nicely.  Buy a few ETH if you can afford, and remember 1 btc valued at £100,000 is the same as 10 btc valued at £10,000.  If you play your cards right you can still make your fortune, it's just going to take longer than vbs's predictions which won us over, but it's very much early days and many have yet to win big AND lose big.   

[1713967565]

1713967565

[finlof]

Me and you will be alright as David Irvine is the real deal and things are progressing nicely.  Buy a few ETH if you can afford, and remember 1 btc valued at £100,000 is the same as 10 btc valued at £10,000.  If you play your cards right you can still make your fortune, it's just going to take longer than vbs's predictions which won us over, but it's very much early days and many have yet to win big AND lose big.   

why do you still try?

[zumzero]

Me and you will be alright as David Irvine is the real deal and things are progressing nicely.  Buy a few ETH if you can afford, and remember 1 btc valued at £100,000 is the same as 10 btc valued at £10,000.  If you play your cards right you can still make your fortune, it's just going to take longer than vbs's predictions which won us over, but it's very much early days and many have yet to win big AND lose big.   

why do you still try?

Sorry, that's too vague.  Give me a clue.

[Phildo]

Me and you will be alright as David Irvine is the real deal and things are progressing nicely.  Buy a few ETH if you can afford, and remember 1 btc valued at £100,000 is the same as 10 btc valued at £10,000.  If you play your cards right you can still make your fortune, it's just going to take longer than vbs's predictions which won us over, but it's very much early days and many have yet to win big AND lose big.   

But 1 BTC valued at 100,000 is worth way less than 10 valued at 100,000, so no matter which way the price goes, you will be in a worse position than if you never heard of ken slaughter.

[drawingthesun]

Me and you will be alright as David Irvine is the real deal and things are progressing nicely.  Buy a few ETH if you can afford, and remember 1 btc valued at £100,000 is the same as 10 btc valued at £10,000.  If you play your cards right you can still make your fortune, it's just going to take longer than vbs's predictions which won us over, but it's very much early days and many have yet to win big AND lose big.   

But 1 BTC valued at 100,000 is worth way less than 10 valued at 100,000, so no matter which way the price goes, you will be in a worse position than if you never heard of ken slaughter.

Bingo!

[zumzero]

Perhaps you might have more luck with that as your new investment strategy DTS!  

@ Phildo - I shan't disagree that owning more btc is better than owning less.  That is obvious and even a blinkered view lets one see that, as demonstrated by your good self.  You see life isn't black and white and there are many ways to skin a cat.  Allow me to explain...

We're in this for the money, right?  How much money do you want? £1,000,000 enough?

So let's say I bought 100 btc worth of ActM and got 100,000 shares.

If I had sold them all and bought NEO shares, as the Advisory Board did, then I'd have lost my investment but thanks to Danny and not Ken.  I could have banked the 100 btc and lost them in MtGox thanks to Mark. I could have also have lost my 100 btc by investing in Labcoin or any number of failed businesses and outright scams.  Let's say that in this scenario I actually lost 90 of my initial 100 btc by simply sitting on ActM shares and I now own 10btc and have them in a cold wallet.

It's important to ask what my investment aims and goals are.  In this fictitious case, I simply want to make £1,000,000 and then cash out.

A wise way of doing that could have been to simply store the 100 btc offline then sell when the price reaches £10,000.

If however I went through the highs and lows of investing and now only have 10 btc left then I need to sell when the price reaches £100,000

Bitcoin is ultimately deflationary and I'm sure most of us agree it will continue to rise in price in the following weeks, months and years.  We don't know how high the price will go but we know the potential is huge.

So here's the point I was trying to make.  The aim of making £1,000,000 could still be realised with only 10 btc and all it means is that rather than waiting perhaps 1-3 years, it might take 3-10 years.  When that £1,00,000 hits the bank account it won't matter how many bitcoins were used in the transaction as the aim has now been achieved.

So, in summary,  the 2014 Porsche 911 turbo s might have to wait and until then the pizza is getting cheaper.  


Edit - those fictitious 10 btc would have the same fiat value today as the 100 btc did when they were initially exchanged.  

[finlof]

Me and you will be alright as David Irvine is the real deal and things are progressing nicely.  Buy a few ETH if you can afford, and remember 1 btc valued at £100,000 is the same as 10 btc valued at £10,000.  If you play your cards right you can still make your fortune, it's just going to take longer than vbs's predictions which won us over, but it's very much early days and many have yet to win big AND lose big.   

why do you still try?

Sorry, that's too vague.  Give me a clue.

I really don't think that's possible... 

"many men have tried.
they tried and failed?
they've tried and died."

[zumzero]

I need another clue.  Introducing me to the Dune universe 30 years after I saw it on a pirated vhs doesn't cut the melange.  

[dropt]

Me and you will be alright as David Irvine is the real deal and things are progressing nicely.  Buy a few ETH if you can afford, and remember 1 btc valued at £100,000 is the same as 10 btc valued at £10,000.  If you play your cards right you can still make your fortune, it's just going to take longer than vbs's predictions which won us over, but it's very much early days and many have yet to win big AND lose big.   

This has to be some of the worst advice I've ever heard.

Are you the king of praising one terrible idea after the next, or what?

[zumzero]

Harsh criticism indeed.  Would you care to offer up two competing alternatives which are more likely to see a large return on investment?

Edit:  DTS, myself and other noob investors made the school boy error of placing all or most of our eggs into one basket.  My current thinking is to invest perhaps only one or two bitcoins into multiple high risk startups while holding 50% in cold storage.  It's called learning from ones mistakes.

Edit 2:  Investing in this space is a lottery and so it should be.  It's a gamble and the odds are with the house.  Some of the better ideas such as NEOBEE turned into a nightmare.  Ken's idea of creating a large scale mining operation as well as selling products can not be criticised (AS AN IDEA) but the execution can.  You see, human nature dictates that the weak shall blame others for their bad decisions rather than taking responsibility for their own mistakes.  It's called being human and it's all good.  

[CoinHoarder]

Has anyone physically went to Missouri and tried to locate Ken?

Has anyone heard from him since July?

Has anyone heard anything from Wood Law since sending in your "evidence" against VMC/Ken?

[zumzero]

Ken hasn't responded to any of my pm's and I keep reminding myself to phone him from the UK to give him a chance to explain himself.  I'm not defending him here but am aware that he is able to justify his silence due to the legal side of things.  Here are the last six pm's I received from him.  Oldest first...

Hi Ken,

I am aware you guys are really quite busy working on business opportunities right now and that you haven't kept shareholders up to date as much as you would have liked.

I'm sure you'd agree with the criticisms being expressed by shareholders regarding the lack of information and am keen to know your plans in terms of bringing your shareholders up to speed and any efforts you might make to bring a smile to their faces.

With every passing week it feels like we are losing the confidence of even the most ardent of supporters.  This is not good.  I will always support this company but I fear if things continue like this then I might become the last man standing.

Kind regards,

zumzero

Thanks for your support, we are working on making some deals, we are positioned to take advantage of the hashfast bankruptcy by helping them out.  The Project Manager is meeting with them today and had a conference call on Friday with the CTO and CFO.

How bad is this news Ken?

Do we have any options? 

I don't think it is bad at all.  Only the fine is bad.

Hi Ken,

I'm sure you're very busy at present.  I'm doing a stirling job at keeping things level headed and rational on the forum.  Obviously not everyone sees it the way I and others do, but I think I'm getting the message across that we shareholders are better to sit back and allow you the best chance to make this endeavour a success.

I've always been straight with you and our fellow shareholders and it's so funny that some of them think I am a paid shill, lol.  So, are you in a position to tell us what is going on and perhaps give a brief update?

If you aren't, it would be kinda nice to be told why not.

Cheers,

zumzero

Thanks for keeping things under control, we are here working on deals.  Like I said on the board, we are in an excellent position to make some profits from the hashfast problems and at the same time help them.  The project manager is very tight with high level people there.

Hi Ken,

Can I ask why you have stopped with the updates?  I went to a lot of effort to create the ASKen account and organise the shareholders and their questions and follow would like to know why you haven't dealt with the outstanding questions for three weeks now.  You said yourself that you were committed to answering the ASKen Q&A's.

Thanks,

zumzero

It is just the legal stuff with the MSD.

Hi Ken,

As I see it, the only way for me to make money from my investment is to either receive dividends or by selling shares.

Which is the most likely way for me to make money the shares I own and when can I expect to see a return?

Thanks Ken,

zumzero

(I'm not posting in the thread at the moment)

Can't say anything now about shares.

Are you able to say anything?  Will the company continue with it's core business?

Nothing about shares

[gogxmagog]

stirling(sic) job there, zum. whoooo boy!

[zumzero]

Thanks?

[lobbes]

Harsh criticism indeed.  Would you care to offer up two competing alternatives which are more likely to see a large return on investment?

Edit:  DTS, myself and other noob investors made the school boy error of placing all or most of our eggs into one basket.  My current thinking is to invest perhaps only one or two bitcoins into multiple high risk startups while holding 50% in cold storage.  It's called learning from ones mistakes.

Edit 2:  Investing in this space is a lottery and so it should be.  It's a gamble and the odds are with the house.  Some of the better ideas such as NEOBEE turned into a nightmare.  Ken's idea of creating a large scale mining operation as well as selling products can not be criticised (AS AN IDEA) but the execution can.  You see, human nature dictates that the weak shall blame others for their bad decisions rather than taking responsibility for their own mistakes.  It's called being human and it's all good.  

Would you care to offer up two competing alternatives which are more likely to see a large return on investment?

Than buying ETH?

1) Hold Bitcoin
2) Like you just said, it is like a lottery 'investing' in this space. So, why not just place a wager on a dice throw somewhere? You can set the odds however you like, plus you have the advantage of it being provably fair. Not only that, but you don't have the months and months of drama that goes along with all the fails in this space.

[finlof]

at this point who the F cares what Ken has said about anything?  it's all apparently been bullshit.

[zumzero]

Harsh criticism indeed.  Would you care to offer up two competing alternatives which are more likely to see a large return on investment?

Edit:  DTS, myself and other noob investors made the school boy error of placing all or most of our eggs into one basket.  My current thinking is to invest perhaps only one or two bitcoins into multiple high risk startups while holding 50% in cold storage.  It's called learning from ones mistakes.

Edit 2:  Investing in this space is a lottery and so it should be.  It's a gamble and the odds are with the house.  Some of the better ideas such as NEOBEE turned into a nightmare.  Ken's idea of creating a large scale mining operation as well as selling products can not be criticised (AS AN IDEA) but the execution can.  You see, human nature dictates that the weak shall blame others for their bad decisions rather than taking responsibility for their own mistakes.  It's called being human and it's all good.  

Would you care to offer up two competing alternatives which are more likely to see a large return on investment?

Than buying ETH?

1) Hold Bitcoin
2) Like you just said, it is like a lottery 'investing' in this space. So, why not just place a wager on a dice throw somewhere? You can set the odds however you like, plus you have the advantage of it being provably fair. Not only that, but you don't have the months and months of drama that goes along with all the fails in this space.

You are missing the point.  If we want to increase our bitcoin holdings then hodling is a fail, as is gambling on a random.  Clearly ETH doesn't impress some of you and that's fine.  I see no-one has shot down Maidsafe yet however.  I was simply trying to offer up amateur advice to DTS whom we all pity even though some of us have lost bigger than him.  I would welcome anyone to jump in with an investment tip, one which is likely to see a positive btc ROI.

@finlof  fucking give up mate or try, like me, to contribute.  

And that can be said for the rest of you clowns who think having a go at me is acceptable. Grow up!

[sparky999]

Monero

[zumzero]

Thanks for the pointer. Will look into it.   

[thefunkybits]

Monero

+1

lol now that I've taken a decent hit on ACTM its back to the altcoins and sig campaigns  

be on the lookout for XMR, QRK, LTC, XPM, DOGE