Bitcoin Forum
August 17, 2019, 10:06:30 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 [1127] 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3896683 times)
chairforce1
Sr. Member
****
Offline Offline

Activity: 317
Merit: 250


View Profile
August 30, 2014, 07:03:50 PM
 #22521

Saying to make "investments" based on rumors, is like trying to make a living buying lottery tickets and call it doing "business".

Hey some people do. I was merely wondering if anyone did. How about you stop punishing people for being victims of your own preconceived notions?

I can see that most people who are "investors" here are extremely amateurish.

Ah I believe you must be looking for the accredited investor lounge. Sorry this is a public forum.

So let me give some words of advice

Don't bother.

If you are a true investor in AM the best you can do is to think how you can assist to your company to be leading in the market. Can you connect them with potential buyers? Do you know a place with cheap electricity? Do you have connections with financiers? Or at least, can you refrain from talking shit about the company you invested? It is fucking moronic and self-defeating to become an annoyance and expecting them to outperform when you are staining their image.
Be fucking smart.

Amen brother. I've already purchased advertisement space for AM. You wanna help rally people to create a pool to get more? I really don't have the money to keep doing that.

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

-Epicuru$
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566079590
Hero Member
*
Offline Offline

Posts: 1566079590

View Profile Personal Message (Offline)

Ignore
1566079590
Reply with quote  #2

1566079590
Report to moderator
1566079590
Hero Member
*
Offline Offline

Posts: 1566079590

View Profile Personal Message (Offline)

Ignore
1566079590
Reply with quote  #2

1566079590
Report to moderator
Lohoris
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500


Bitgoblin


View Profile
August 30, 2014, 07:12:46 PM
 #22522

Does he really have any shares (still)Huh The way he talks makes me think he already got out of the game or, at best, still owns a couple of very old shares "just to be safe" and really doesn't care anymore  Grin
Precisely, very good catch! : )

Except the "doesn't care": I care enough to come here and discuss, and I hate to see people lose money, so I give warnings here and there.

Denying the AM is high-risk due to its Bitcoin+unregulated+China nature is bad.
Accepting that and investing anyway is good as long as you understand what you are doing and which are the risks.

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
August 30, 2014, 07:44:11 PM
 #22523

...I can see that most people who are "investors" here are extremely amateurish.

4realz?  Gotta be a few professionals here who are intentionally losing massive amounts of money.  Like U, 4 instance.

Quote
So let me give some words of advice:

1) Never speculate, don't buy anything by hearing shit from third parties. Gather data yourself.

Never take advice from Anons.  Trading is not a cooperative sport.  For every good trade, there must be a matching *bad* trade.

Quote
2) ... "Dumb Money" is what most AM shareholders are: bunch of clueless chickens who are just sitting on their chairs asking to the entrepreneur when they will see their money back. Not only they are not providing any help, but they are also an annoyance.

"Dumb money" is what *ALL* AM shareholders are.  At least all who bought shares on Havelock.  Because:

There may be a few smart traders, but no smart investors.

Quote
3) Never invest if you can't afford to lose.

...and FFS, never invest on an exchange where not a single offering is trading above its initial listing price.  That sort of thing doesn't just make you "dumb money," it makes you certifiably insane.

Quote

4) Don't try to get quick profits by instilling FUD. That is extremely shortsighted and moronic, especially destructive for startups.

See (1).

Quote
I declined to take commissions when I was bringing business to my investments, refusing finders fee and sales commissions because my main goal is to provide value to my investments. The end game is not some money now, but astronomical price when the companies exits (when they sell the company).

wut
Someone offered you commissions?  But you can't type up a grammatically correct post.  You have no understanding of the very rudiments of business, like "contracts are there to be followed, not broken," "if you're a multimillion getting funding on some interwebs forum, spend five minutes a day posting to keep the marks calm," and "once the shares are sold, the issuer doesn't lose a penny if the shareholders dump their shares for nothing.  Conversely, the issuer doesn't profit if the share price skyrockets.  Not unless the issuer plans to sell more shares."

Stop typing nonsense, inept pimping is the worst kind of FUD.  It's frickin' embarrassing to read through, too.
bitsalame
Donator
Hero Member
*
Offline Offline

Activity: 672
Merit: 503


Preaching the gospel of Satoshi


View Profile
August 30, 2014, 08:12:56 PM
 #22524

...I can see that most people who are "investors" here are extremely amateurish.

4realz?  Gotta be a few professionals here who are intentionally losing massive amounts of money.  Like U, 4 instance.

Quote
So let me give some words of advice:

1) Never speculate, don't buy anything by hearing shit from third parties. Gather data yourself.

Never take advice from Anons.  Trading is not a cooperative sport.  For every good trade, there must be a matching *bad* trade.

Quote
2) ... "Dumb Money" is what most AM shareholders are: bunch of clueless chickens who are just sitting on their chairs asking to the entrepreneur when they will see their money back. Not only they are not providing any help, but they are also an annoyance.

"Dumb money" is what *ALL* AM shareholders are.  At least all who bought shares on Havelock.  Because:

There may be a few smart traders, but no smart investors.

Quote
3) Never invest if you can't afford to lose.

...and FFS, never invest on an exchange where not a single offering is trading above its initial listing price.  That sort of thing doesn't just make you "dumb money," it makes you certifiably insane.

Quote

4) Don't try to get quick profits by instilling FUD. That is extremely shortsighted and moronic, especially destructive for startups.

See (1).

Quote
I declined to take commissions when I was bringing business to my investments, refusing finders fee and sales commissions because my main goal is to provide value to my investments. The end game is not some money now, but astronomical price when the companies exits (when they sell the company).

wut
Someone offered you commissions?  But you can't type up a grammatically correct post.  You have no understanding of the very rudiments of business, like "contracts are there to be followed, not broken," "if you're a multimillion getting funding on some interwebs forum, spend five minutes a day posting to keep the marks calm," and "once the shares are sold, the issuer doesn't lose a penny if the shareholders dump their shares for nothing.  Conversely, the issuer doesn't profit if the share price skyrockets.  Not unless the issuer plans to sell more shares."

Stop typing nonsense, inept pimping is the worst kind of FUD.  It's frickin' embarrassing to read through, too.

another advice: don't spit upwards, it'll fall on your face
ensurance982
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


Trust me!


View Profile
August 30, 2014, 09:34:29 PM
 #22525

Well, I gotta say: Is it really Havelock's fault that "none of the stocks trade above IPO price"? It's the stocks that fail, not Havelock per se. I assume it's more of a general problem of the Bitcoin securities/stock market and people coming up with IPOs that don't have a sound business model business model

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
xhomerx10
Legendary
*
Offline Offline

Activity: 2114
Merit: 2241



View Profile
August 30, 2014, 09:55:31 PM
 #22526

Well, I gotta say: Is it really Havelock's fault that "none of the stocks trade above IPO price"? It's the stocks that fail, not Havelock per se. I assume it's more of a general problem of the Bitcoin securities/stock market and people coming up with IPOs that don't have a sound business model business model

 You shouldn't have said that.  It shows a lack of reading comprehension skills.
Not one person in this thread has blamed Havelock. 
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
August 30, 2014, 10:29:12 PM
 #22527

I didn't quite say it was Havelock's fault--just that it's stupid to try making money there.
There's no evidence of such a thing ever having been done, making the possibility of it *ever* happening speculative at best.*

But now that you bring the responsibility thing up, I'll say it:  Yes, it is partially Havelock's fault.

Havelock's fault for pretending to screen their offerings.
Havelock's fault for making assurances like "we hold all the money in escrow until it's needs by the issuer" (presumably doling it out like a parent does his child's allowance), and then failing to act on their promise (see Mintspare thread).
Havelock's fault for their own grossly overvalued IPO [HIF], which flopped just like all the rest of the crap listed there.

There's plenty more, but TL;DR:  I didn't claim it's Havelock's fault, but, now that you mention it, it kinda is.

*I'm talking about investing as opposed to trading.  It's possible to make money trading, and the fact that the charts have some upswings interrupting their negative slope is proof enough that some people, at some point, have bought lower than they sold (profited).
silverfuture
Legendary
*
Offline Offline

Activity: 948
Merit: 1008


central banking = outdated protocol


View Profile
August 31, 2014, 12:13:08 AM
 #22528

It is a very rare bird that can fly as high as bitcoin itself. Do you really expect any business model to provide the kind of value that the original p2p money will? Fo realz. As an ipo "investor" in AM I'm still really happy and have kept a large position in cold storage (and living 100% off of bitcoin for over a year), despite quite a few other losses learning experiences.

How are you doing notlambchop? How is your time investment in bitcointalk tsunami warnings going for you?


To newbs...if you are wondering... keep and hold bitcoins primarily if you want real returns...that is all. Thanks

-----------------------------------------------------------------------------------------------------------------------
NastyFans - The Fan Club for Bitcoin Enthusiasts | MININGCOINS | POOL | ESCROW
-----------------------------------------------------------------------------------------------------------------------
jjdub7
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
August 31, 2014, 01:08:58 AM
 #22529


How are you doing notlambchop? How is your time investment in bitcointalk tsunami warnings going for you?


 Grin


.BITENNY.
Simplify your future

    ▄███i      ████████████████
 ▄██████[      ███████████████████
▄███████[      ████████████████████
████████       █████████████████████
████████       █████████████████████
████████[      █████████████████████
████████[                 █████████
███████[                   ████████
████████[                   ████████
████████                    ████████
████████                    ████████
███████.                   ████████
████████                  ,████████
█████████                 ▄████████
████████████.            ▄██████████
███████████████████████████████████
 █████████████████████████████████
  ▀█████████████████████████████▀`
      ▀██████████████████████▀





Leveraging technology and innovation
to simplify financial asset management and
the payment industry
.WHITEPAPER.
────────────────────────────
....LINKEDIN....



..JOIN NOW..
ensurance982
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


Trust me!


View Profile
August 31, 2014, 09:52:42 AM
 #22530


How are you doing notlambchop? How is your time investment in bitcointalk tsunami warnings going for you?


 Grin

I don't want to spoil anyone by asking for an explanation, but I don't get the reference, will someone please indulge me and explain the background, it sounds adventurous and I'd like to know more Smiley

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
vortex1878
Hero Member
*****
Offline Offline

Activity: 492
Merit: 500


View Profile
August 31, 2014, 12:32:22 PM
 #22531

From the tube sales thread:

Price adjusted to 7.9 btc per set.

Round 1 purchasers get a coupon of 0.05 btc per device. (0.5 btc per set, 0.0125 btc per hashing unit)

Round 2 purchasers bought at the price before price adjustment get refunds of the price difference, preferrably to the payment source address.

All coupons and refunds happen only between our direct purchasers and us.

Very generous to the customers. But I am afraid this means less income for the shareholders.

Fostering customer relations though. Which other company gives refunds they don't have to give?!
ensurance982
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


Trust me!


View Profile
August 31, 2014, 01:02:14 PM
 #22532

From the tube sales thread:

Price adjusted to 7.9 btc per set.

Round 1 purchasers get a coupon of 0.05 btc per device. (0.5 btc per set, 0.0125 btc per hashing unit)

Round 2 purchasers bought at the price before price adjustment get refunds of the price difference, preferrably to the payment source address.

All coupons and refunds happen only between our direct purchasers and us.

Very generous to the customers. But I am afraid this means less income for the shareholders.

Fostering customer relations though. Which other company gives refunds they don't have to give?!

It shows again how honest ASICMiner is! They did the same thing with the first generation, when they adjusted the price for the USB Block Erupter miners quite a few times over summer. And people who purchased at the old prices got the new miners for 0.1 BTC each (with a maximum quantity of the previously bought miners)

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
August 31, 2014, 01:03:57 PM
 #22533

It is a very rare bird that can fly as high as bitcoin itself. Do you really expect any business model to provide the kind of value that the original p2p money will? Fo realz.

Remedial Economics
When [normal] people invest dollars, Bitcoin, or shekels (from here on: Unit_of_account), they do it to get more Unit_of_account, not less.
When you invest 10 Unit_of_account and lose 9, you have [dramatic pause] lost 9 Unit_of_account, and are left with only 1.  The colloquialism for that is "losing money," regardless of the changing value of Unit_of_account.

If a [normal] person expects the value of his particular Unit_of_account to go up faster than the value of his "investment," he [another forced dramatic pause] DOES NOT INVEST.  Because such an investment would lose him money, and that's called, in the highly specialized and technical jargon of economics, "FUCKIN' STUPID."

Having dealt with you previously, I don't really expect you to grasp the underlying logic, so simply do this: If you think your "very rare bird" is going to appreciate faster than the shit business you plan to "invest in," DO NOT INVEST.  Because that's what not_stupid_people do.
Imitate not_stupid_people--they're smarter than you.

Quote
...
How are you doing notlambchop? How is your time investment in bitcointalk tsunami warnings going for you?

You might as well ask me how my investment in vacuuming_my_house, brushing_my_teeth, and wiping_my_sphincter_after_getting_off_the_toilet is going for me.  Tedious, doesn't win me ribbons, but shit gotta be done.
While it make me no money directly, it keeps my Bitcoin from turning to shit.
xhomerx10
Legendary
*
Offline Offline

Activity: 2114
Merit: 2241



View Profile
August 31, 2014, 01:07:03 PM
 #22534

From the tube sales thread:

Price adjusted to 7.9 btc per set.

Round 1 purchasers get a coupon of 0.05 btc per device. (0.5 btc per set, 0.0125 btc per hashing unit)

Round 2 purchasers bought at the price before price adjustment get refunds of the price difference, preferrably to the payment source address.

All coupons and refunds happen only between our direct purchasers and us.

Very generous to the customers. But I am afraid this means less income for the shareholders.

Fostering customer relations though. Which other company gives refunds they don't have to give?!

 The reason they are giving refunds is because there was a delay in the shipment of the first batch due to a technical error and the promised shipping dates were missed.  FC is showing integrity and gaining trust and respect in the process.  Would you prefer, he take the path of BFL, KNC and others.  He needed to give refunds.  He did the right thing.
NotLambchop
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
August 31, 2014, 01:13:55 PM
 #22535

...
I don't want to spoil anyone by asking for an explanation, but I don't get the reference, will someone please indulge me and explain the background, it sounds adventurous and I'd like to know more Smiley

I have no idea either, but I suspect it's something along the lines of "he's Mircea Popescu; Eduardo deCastro; FED; [insert bogeyman here]."
vortex1878
Hero Member
*****
Offline Offline

Activity: 492
Merit: 500


View Profile
August 31, 2014, 01:22:42 PM
 #22536

From the tube sales thread:

Price adjusted to 7.9 btc per set.

Round 1 purchasers get a coupon of 0.05 btc per device. (0.5 btc per set, 0.0125 btc per hashing unit)

Round 2 purchasers bought at the price before price adjustment get refunds of the price difference, preferrably to the payment source address.

All coupons and refunds happen only between our direct purchasers and us.

Very generous to the customers. But I am afraid this means less income for the shareholders.

Fostering customer relations though. Which other company gives refunds they don't have to give?!

 The reason they are giving refunds is because there was a delay in the shipment of the first batch due to a technical error and the promised shipping dates were missed.  FC is showing integrity and gaining trust and respect in the process.  Would you prefer, he take the path of BFL, KNC and others.  He needed to give refunds.  He did the right thing.


Yes, agreed absolutely. I did not intend to criticise that move at all.

But the reason you are stating is not correct. Just a few shipments of round 1 were delayed.
And if your reasoning was correct, there would not be any refund for round 2 customers. Wink
silverfuture
Legendary
*
Offline Offline

Activity: 948
Merit: 1008


central banking = outdated protocol


View Profile
August 31, 2014, 01:56:44 PM
Last edit: August 31, 2014, 02:56:55 PM by silverfuture
 #22537

It is a very rare bird that can fly as high as bitcoin itself. Do you really expect any business model to provide the kind of value that the original p2p money will? Fo realz.

Remedial Economics
When [normal] people invest dollars, Bitcoin, or shekels (from here on: Unit_of_account), they do it to get more Unit_of_account, not less.
When you invest 10 Unit_of_account and lose 9, you have [dramatic pause] lost 9 Unit_of_account, and are left with only 1.  The colloquialism for that is "losing money," regardless of the changing value of Unit_of_account.

If a [normal] person expects the value of his particular Unit_of_account to go up faster than the value of his "investment," he [another forced dramatic pause] DOES NOT INVEST.  Because such an investment would lose him money, and that's called, in the highly specialized and technical jargon of economics, "FUCKIN' STUPID."

Having dealt with you previously, I don't really expect you to grasp the underlying logic, so simply do this: If you think your "very rare bird" is going to appreciate faster than the shit business you plan to "invest in," DO NOT INVEST.  Because that's what not_stupid_people do.
Imitate not_stupid_people--they're smarter than you.

Quote
...
How are you doing notlambchop? How is your time investment in bitcointalk tsunami warnings going for you?

You might as well ask me how my investment in vacuuming_my_house, brushing_my_teeth, and wiping_my_sphincter_after_getting_off_the_toilet is going for me.  Tedious, doesn't win me ribbons, but shit gotta be done.
While it make me no money directly, it keeps my Bitcoin from turning to shit.

You seem really upset.  I agree with you on many levels, but am a little concerned for your health and well being.  Why spend so much time trying to sound the alarm in almost every security thread going?  You can't prevent people from making poor decisions with their coins. Wiping your ass is a necessity for life but your investment in time here seems like a poor one based more in some sort of personality dysfunction of enjoying talking down to others and insulting them for thier poor decisions. As if the pain of loss already wasn't enough to jar them out of their slumber.

 If you are honestly doing this to help newbs then that is commendable but I am left wondering.  AM is the last company to be critical of in this space as they have been nothing but the best investment with the most ethical and well thought out approach in the entire community so far.  Yes, the share price came down very heavily from it's peak, but that peak was achieved for good reasons (and community wide over-exuberance).  Instead of chiming in to every thread with the shrill voice of a tsunami warning, why not create a business model with your obviously sharp mind that will perform well in this environment? Who knows, I might invest myself.

-----------------------------------------------------------------------------------------------------------------------
NastyFans - The Fan Club for Bitcoin Enthusiasts | MININGCOINS | POOL | ESCROW
-----------------------------------------------------------------------------------------------------------------------
hdbuck
Legendary
*
Offline Offline

Activity: 1274
Merit: 1000



View Profile
August 31, 2014, 02:15:23 PM
 #22538

please stop feeding that lambtrollchop.
silverfuture
Legendary
*
Offline Offline

Activity: 948
Merit: 1008


central banking = outdated protocol


View Profile
August 31, 2014, 02:36:54 PM
 #22539

please stop feeding that lambtrollchop.

We have to realize that there is (most often) a man or woman on the other end of these communications with dreams, hopes, aspirations, dysfunctions, and fears. Calling them trolls is sometimes accurate but often misses the point and neglects the opportunity to heal schisms and build community. I know it sounds naive, but bitcoin is about more than computers and technical details and economic prowess. It is ultimately about people.  The ones who have run scams may think they are getting away with it, but they have to deal with their dysfunction (and affirmations of scarcity) every day they look in the mirror. I don't regret my bitcoin experiences because I approach it with a pure heart and a clean conscience. I like who I see in the mirror despite being taken advantage of in some cases and resolve to support people who are really doing something cool and avoid the corrupted ones.  I ultimately, like NotLambChop, want to see bitcoin succeed in providing a better, more prosperous, and less corrupt world for myself and everyone else. There is much work to be done and none of us is an island.

Investors need to understand that most investments in the bitcoin space are a conversion to fiat at whatever the concurrent fiat/btc price may be and act accordingly to manage expectations. If you are long btc, then hold it like you mean it.


-----------------------------------------------------------------------------------------------------------------------
NastyFans - The Fan Club for Bitcoin Enthusiasts | MININGCOINS | POOL | ESCROW
-----------------------------------------------------------------------------------------------------------------------
ensurance982
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


Trust me!


View Profile
August 31, 2014, 02:38:34 PM
 #22540

please stop feeding that lambtrollchop.

We have to realize that there is (most often) a man or woman on the other end of these communications with dreams, hopes, aspirations, dysfunctions, and fears. Calling them trolls is sometimes accurate but often misses the point and neglects the opportunity to heal schisms and build community. I know it sounds naive, but bitcoin is about more than computers and technical details and economic prowess. It is ultimately about people.  The ones who have run scams may think they are getting away with it, but they have to deal with their dysfunction (and affirmations of scarcity) every day they look in the mirror. I don't regret my bitcoin experiences because I approach it with a pure heart and a clean conscience. I like who I see in the mirror despite being taken advantage of in some cases and resolve to support people who are really doing something cool and avoid the corrupted ones.  I ultimately, like NotLambChop, want to see bitcoin succeed in providing a better, more prosperous, and less corrupt world for myself and everyone else. There is much work to be done and none of us is an island.

Investors need to understand that most investments in the bitcoin space are a conversion to fiat at whatever the concurrent fiat/btc price may be and act accordingly to manage expectations. If you are long btc, then hold it like you mean it.



Everything is about people! But sadly people also are greedy and try to scam people whenever they get the chance to - well, at least some of them do! Spending time on trying to reason with people is often time wasted, unfortunately. But I try doing that nonetheless, as well Smiley

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
Pages: « 1 ... 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 [1127] 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 ... 1348 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!