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May 22, 2014, 10:13:05 AM |
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So, shareprice is going eventually to dive... and at that point... you kill the golden egg chicken? Or are you implying that in that moment they will buy back?
(when I started talking about PETA before the project started, all my connections told me that mining was not providing benefit, mostly for preorders and difficulty raising. I agree on that, but I replied that PETA had: 1. existing pre-orders 2. board producing capabilities 3. a small power plant 4. facility to host more machines, hence more "luck" to get blocks mined frequently 5. reinvestment plan (and this was the key one. No single miner keeps buying more machines every 2 weeks. There is no ROI on 1 machine, but with multiple ones... maybe, reinvesting: maybe).
And now we have: 1. fucked up. 2. not enough. 3. yeah, the whole plant provides 1% of PETA needs... useless. 4. bravo. But then we go into pools, so "luck" factor can be disregarded for the time being. 5. nice fuck up. I proposed to reinvest more, taking the difference in the new fees cost. Downvoted. Hey, I subscribed to a plan where the fees were known. You reduce that cost... I would think that if we reinvest more, we could profit more. But short term investors disagreed. Result, Cryptx decides to take away 100% of dividends until he is satisfied. Because he decided to add additional machines to whatever was the initial plan. It is really like: I know I promised you a sandwich today, but if you can starve today, tomorrow you can have a lobster. Just to then wait tomorrow and the scene repeats as the lobster provider didn't deliver.
I will not buy back into PETA until things return to normality. Honestly, shareprice... I don't give a shit about it. If the return is going to be higher than a WEEKLY 1%, I will consider it then. The single share price is a mental condition. I'm not buying shares, I'm investing BTC and get paid an interest in BTC. The single share thing is misleading most of the reasoning. Now I'm out. Sold at 0.072 making a decent profit after being purchasing all the way from IPO 0.05 to 0.09 in multiple moments. I'll consider PETA once things are cleared up and for the moment. However, the long term trust is completely fucked and I'll not hesitate a single second to invest somewhere else. Cryptx answering "Pffff" was the last drop. I'm not giving money (hard worked money) to someone who doesn't respect his customers.
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Mike, you are one of the few people I met in this whole adventure that makes me thing that it totally worth doing it (and of course, the small profit I made).
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