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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914551 times)
explorer
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May 28, 2014, 02:46:04 AM
 #19681

Dammit. You 1st post, 1000th page post sniper.

happy now?

Yes!

and everyone else: don't even think about deleting a post to bump my post to 999. I'm taking a screen capture of my post and encoding it, then writing it to the blockchain to prove I am the rightful owner. Forever.

have.  to.  do.  it...

EDIT:  how much is it worth to you muahahaha 
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May 28, 2014, 03:09:19 AM
 #19682

Dammit. You 1st post, 1000th page post sniper.

happy now?

Yes!

and everyone else: don't even think about deleting a post to bump my post to 999. I'm taking a screen capture of my post and encoding it, then writing it to the blockchain to prove I am the rightful owner. Forever.

have.  to.  do.  it...

EDIT:  how much is it worth to you muahahaha 
Give me a BTC address and I'll send you a satoshi. If dividends come in this week I'll even round it up to a bit.  Grin
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May 28, 2014, 03:29:58 AM
 #19683

This thread is so funny...AM is like a cult.  Never seen a group of people act like this about anything... "omg friedcat is logged in"  OMG
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May 28, 2014, 03:32:36 AM
 #19684

This thread is so funny...AM is like a cult.  Never seen a group of people act like this about anything... "omg friedcat is logged in"  OMG

Ha Ha!

Did he really?!?
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May 28, 2014, 03:36:45 AM
 #19685

1000 pages!!

right on dividend eve?
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May 28, 2014, 03:38:23 AM
 #19686

This thread is so funny...AM is like a cult.  Never seen a group of people act like this about anything... "omg friedcat is logged in"  OMG

There is a lot of anticipation for some good news and dividends. It's been a long cold winter for AM holders in the northern hemisphere. It's to be expected at this point.

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May 28, 2014, 03:47:12 AM
 #19687

Perhaps he just needs the proper welcome?

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May 28, 2014, 03:51:28 AM
 #19688

This thread is so funny...AM is like a cult.  Never seen a group of people act like this about anything... "omg friedcat is logged in"  OMG

There is a lot of anticipation for some good news and dividends. It's been a long cold winter for AM holders in the northern hemisphere. It's to be expected at this point.

Well I hope the divs are amazing for you guys  Smiley
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May 28, 2014, 04:22:55 AM
 #19689

I suppose this warrants more questions and IMHO they should focus on the investors. None of this would have occured without seed money and it was FC who elected to go the route of selling shares vice pre-sales, loans or any other method of raising capital. To perpetuate the arrangement of a public company and continue to actively trade share on the exchange is leading people to believe value remains in those shares. If that's not the case this had to be communicated a very long time ago but no change to the status quo was ever provided. One would hope this is simply a delay.
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May 28, 2014, 04:27:29 AM
 #19690

Congratulations Grin
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May 28, 2014, 04:41:19 AM
 #19691

That's odd...the local time in Friedcat's profile suggests that he's not in Asia:

https://bitcointalk.org/index.php?action=profile;u=49840

Reykjavik perhaps?
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May 28, 2014, 04:41:40 AM
 #19692

Bagging #20,000

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May 28, 2014, 04:43:40 AM
 #19693

maybe on Sunday we will see update and divs
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May 28, 2014, 04:48:28 AM
 #19694

That's odd...the local time in Friedcat's profile suggests that he's not in Asia:

https://bitcointalk.org/index.php?action=profile;u=49840

Reykjavik perhaps?

Don't believe that local time. He is in China of course.
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May 28, 2014, 05:06:08 AM
 #19695

Indeed. Imagine capitalism.

But you're right, this is a completely unregulated market and friedcat is bound by nothing whatsoever except his own intentions. He could at any time simply decide that any obligation that he owed to the original purchasers of his IPO is fulfilled, void all public shares, and keep any future profits to himself. Guessing by his general lack of communication and the implied complete lack of respect for shareholders, I'd say he's not far off from making that decision, or may have already made it, given that he has already broken his promise of paying out dividends when the "balance payments are received" for batch 1 of the gen 3 chips.

I wouldn't go that far.  Friedcat has been amazingly honest and has done nothing to deserve that level of doubt.  His honesty in a veritable sea of scammers was the primary reason AM has been the premiere asset in this space.

I hope you are right. But think about it... friedcat has clearly seen hundreds of other "companies" in the bitcoin world turn out to be scams, their owners run off with people's money, and get off scot free every time. Now, he's turned his little bitcoin startup into a real company that is making chips and selling them to other businesses by the tens of thousands. Maybe he is looking for real funding from real investors as he expands his company further. Do you think real world investors would care about some informal bitcoin IPO that happened back in the past and agree that half the company is already owned by a bunch of random anonymous people on a forum? What advice would a lawyer give to the founder of a startup company transitioning to being a bigger business and dealing with other real companies, signing real contracts, dealing with proprietary information / intellectual property, etc? If he's gonna grow into a successful large real world business, then at the very least at some point he will start with a clean slate, transferring intellectual property to a new company that will not be beholden to a bunch of bitcoin "shareholders".

Along with everyone else, I'm hoping he delivers a dividend for gen 3. But do I expect that if asicminer really succeeds and starts to generate significant continuous revenue and expand into various other markets that the current shareholder arrangement will continue? Not a chance in hell.
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May 28, 2014, 05:19:20 AM
 #19696

I have trust in Friedcat... He has proven himself to be the most honorable person in the mining space.

I have no problem holding long-term.   I'm in this for shares in what he is building.. not just an ASIC, but an Empire.

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May 28, 2014, 05:20:08 AM
 #19697


Along with everyone else, I'm hoping he delivers a dividend for gen 3. But do I expect that if asicminer really succeeds and starts to generate significant continuous revenue and expand into various other markets that the current shareholder arrangement will continue? Not a chance in hell.

What makes you say that?  Did General Electric (GE) change its structure after turning 100yr old and becoming multibillion dollar company?  Did Microsoft or Google or Apple screw over their shareholders when they made it big?  
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May 28, 2014, 05:35:52 AM
 #19698

maybe on Sunday we will see update and divs

Why Sunday? I thought divs will come on 27 aka yesterday.

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May 28, 2014, 05:44:40 AM
 #19699

He is on again.
Maybe in hours.
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May 28, 2014, 05:47:47 AM
 #19700

Indeed. Imagine capitalism.

But you're right, this is a completely unregulated market and friedcat is bound by nothing whatsoever except his own intentions. He could at any time simply decide that any obligation that he owed to the original purchasers of his IPO is fulfilled, void all public shares, and keep any future profits to himself. Guessing by his general lack of communication and the implied complete lack of respect for shareholders, I'd say he's not far off from making that decision, or may have already made it, given that he has already broken his promise of paying out dividends when the "balance payments are received" for batch 1 of the gen 3 chips.

+1 ... he just doesn't give a shit about us anymore, anyway, I am very disappointed about lack of respect to shareholders, because shareholders were the main reason allowing friedcats path from zero to hero(or millionaire) overnight. This is so disgusting disrespectful selfish greedy behavior that I am just out of words. But yes, humans, I cant wonder.

... Question Everything, Believe Nothing ...
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