ASICMINER: Entering the Future of ASIC Mining by Inventing It

[RoadStress]

maybe on Sunday we will see update and divs

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

[szmarco]

He is on again.
Maybe in hours.

[bitcoin.newsfeed]

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.

[arousedrhino]

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.

Dear god, you just love to bitch. Find a single other bitcoin asic company out there with as much respect as Friedcat has in the Bitcoin world. Just sell your shares already and leave this thread alone. YOU clearly think he is a dishonest person so put your money where your mouth is and sell your shares so you can stop freaking out every time Friedcat does things just like he has done in the past.

The amount of whining in this thread is insane given Friedcats track record.

[101111]

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.

Do you really think new investors would have faith and trust in FC after doing something like that?

[Plento]

I've got enough shares on Havelock to cash out and take a nice vacation but a strong part of my brain is telling me to hold on still!
Keep it up Friedcat, lots of naysayers around but I believe in ya.   

[JoTheKhan]

Remember that it wasn't FC who came on here directly and stated May 27th. It was delivered to us through the Board and it was subject to change.

Why are you guys immediately jumping to FC trying to deceive? Have you guys held shares all these months with this belief?

[Bonam]

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?  

Almost every successful company has screwed over anyone and everyone it wasn't forcefully prevented from screwing by harsh and enforceable laws. No law exists that holds friedcat accountable to his bitcoin shareholders.

[Bonam]

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.

Do you really think new investors would have faith and trust in FC after doing something like that?

Investors whose investment contract had the full power of the Chinese government behind them enforcing said contract, as opposed to relying only on reputation on an internet forum as an enforcement mechanism? Yeah... I think they would go for it if they smelled profit potential.

[101111]

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.

Do you really think new investors would have faith and trust in FC after doing something like that?

Investors whose investment contract had the full power of the Chinese government behind them enforcing said contract, as opposed to relying only on reputation on an internet forum as an enforcement mechanism? Yeah... I think they would go for it if they smelled profit potential.

Well it wouldn't be a case of 'as opposed to' like there was a choice. If there was a choice and AM was listed sure everyone would buy the listed stock.

Rather, it would become a case of, in your unlikely scenario, he stole everything from his previous shareholders so do you trust him enough to invest in him?

We all know how much a contract is worth no matter what jurisdiction; and if he claimed to have lost the wallet or key, or was hacked, what's the 'full power' of any govt going to do anyway?

[minerpumpkin]

I guess my question is where did that rumor come from anyways
Either that or Friedcat forgot

The response to the oddly worded question that Jutarul posted:
https://bitcointalk.org/index.php?topic=99497.msg6465166#msg6465166

Submitted Questions:
1) When can we expect the financial report that's supposed to coincide with the next round of dividends?
re 1) May 27.

I just tried to include both aspects in one question, i.e. "when is the statement due, remember the dividends"

[minerpumpkin]

He talked: https://bitcointalk.org/index.php?topic=438359.msg6988510#msg6988510

[hdbuck]

He talked: https://bitcointalk.org/index.php?topic=438359.msg6988510#msg6988510

although i dont mind waiting, i think FC surely seem to enjoy teasing us like that. posting there and there, but just not here.. ^^

[CoinBomb]

http://www.bitell.com/t/2163

Interesting pics of hashratio's plant

[freedomno1]

I'll open it with a question and summon
Friedcat we rare summon you, can you come and give us the status report thanks
Also adds in some simplified and traditional Chinese to this question bit more polite that way
Friedcat 您能不能给我们一个状态报告
Friedcat 你能不能給我們的基礎上，如何芯片銷售狀態報告進展

[klondike_bar]

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?  

Microsoft technically became huge by shafting IBM. (some would say outsmarting)

[_mr_e]

He talked: https://bitcointalk.org/index.php?topic=438359.msg6988510#msg6988510

although i dont mind waiting, i think FC surely seem to enjoy teasing us like that. posting there and there, but just not here.. ^^

I don't understand how he can take the time to post that but can't give us a very simple update. This is strange... Very strange. Is it possible that minerpumpkin completely fabricated that answer? I cannot understand how a person could make such an announcement to thousands of people only to not stock to their word without so much as a single sentence to let us know why... unless he never said it at all. Even Havelock called it nothing more then a "rumor".

[minerpumpkin]

He talked: https://bitcointalk.org/index.php?topic=438359.msg6988510#msg6988510

although i dont mind waiting, i think FC surely seem to enjoy teasing us like that. posting there and there, but just not here.. ^^

I don't understand how he can take the time to post that but can't give us a very simple update. This is strange... Very strange. Is it possible that minerpumpkin completely fabricated that answer? I cannot understand how a person could make such an announcement to thousands of people only to not stock to their word without so much as a single sentence to let us know why... unless he never said it at all. Even Havelock called it nothing more then a "rumor".

What answer? The ones Jutarul (a board member) posted? The one I just linked, well... I'm afraid I can't fake posts by friedcat himself.
No fabrications from my side 

[lophie]

Yeah guys come to think of it. Friedcat never posted that divs are coming on the 27th and probably something was lost in the translation. Maybe by a financial statement he originally meant a financial checkpoint for everything and that it will be submitted for delegation later on. This would mean on the NEXT board members meeting it will be provided to them, Still... nothing regarding the divs!

[necro_nemesis]

Was responding to this one technical question really of greater importance?

https://bitcointalk.org/index.php?topic=438359.msg6988510#msg6988510