ASICMINER: Entering the Future of ASIC Mining by Inventing It

[runam0k]

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

I suspect EB took a *lot* more than $60k in fees.

[1714214025]

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[1714214025]

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[nomnomnom]

How does one go about transferring their ASICMINER shares to a new holder?  I PM'd friedcat, but I didn't know where else to start.

Try via email, his forum account was not online since 28th november.
Look here: https://www.havelockinvestments.com/fund.php?symbol=AM1 for his gmail address (under: how to import direct shares).

[freedomno1]

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

Burnside was a good operator far less sketch than some other exchanges
Cough Bitfunder and Weexchange ...
It does make me wonder a bit more about havelock, I wouldn't worry about Mircea that Romanian can hold Her own (lol) and the guy that actually runs mpex has more than enough backups including his Tor one etc.

[silverfuture]

bids are piling up with about 50BTC vying for shares @ 0.1 or above on HI.

[kaizuki]

bids are piling up with about 50BTC vying for shares @ 0.1 or above on HI.

i think it must be friedcat said something,so quickly take a look,and nothing

[jjdub7]

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

I suspect EB took a *lot* more than $60k in fees.

Right, but with a lifetime ban from securities markets and an inflation rate that's about to ignite again...let's hope he kept it in bitcoin.  Burnside always came off a good dude; I always trusted him and BTC-TC.

Just to add to what I'd said yesterday - anyone remember when the AM share price erupted to over 0.30 over the summer on very, very thin news (the announcement of the open-sourcing of the Tubes, if I remember correctly)...someone controls the bots that have had ~100 share large orders on both the bid and ask books covering the spread this whole time.  After over a year of extremely volatile trading in the AM equity markets, I would guess that individual's quarterly profits would dwarf Havelock's annual revenues by at least an order of magnitude...

[explorer]

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

I suspect EB took a *lot* more than $60k in fees.

Right, but with a lifetime ban from securities markets and an inflation rate that's about to ignite again...let's hope he kept it in bitcoin.  Burnside always came off a good dude; I always trusted him and BTC-TC.

I believe it said 2 year ban... ?

[Blazed]

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

I suspect EB took a *lot* more than $60k in fees.

Right, but with a lifetime ban from securities markets and an inflation rate that's about to ignite again...let's hope he kept it in bitcoin.  Burnside always came off a good dude; I always trusted him and BTC-TC.

I believe it said 2 year ban... ?

That is how I read it 2 years only. What is up with price lately....seems to be rising! I assume everyone is prepping for gen 4 news?

[FUR11]

What is up with price lately....seems to be rising! I assume everyone is prepping for gen 4 news?

Yeah, it's crazy, isn't it? Initially I thought there was some announcement about gen 4 by FC or something, but it seems to be some independent buy. There has also been some thoughts it could've been someone manipulating the market by buying into his/her own bids, therefore luring people into buying more shares (his/her own shares at a higher price)

[Blazed]

What is up with price lately....seems to be rising! I assume everyone is prepping for gen 4 news?

Yeah, it's crazy, isn't it? Initially I thought there was some announcement about gen 4 by FC or something, but it seems to be some independent buy. There has also been some thoughts it could've been someone manipulating the market by buying into his/her own bids, therefore luring people into buying more shares (his/her own shares at a higher price)

Well that is definitely possible, and would not surprise me at all. I think that gen 4 is make or break for this company, and it it does turn out on spec they should stick to selling bulk chips.

[glendall]

http://www.coindesk.com/sec-bitcoin-exchange-60000-securities-violations/

Burnside was a good operator far less sketch than some other exchanges
Cough Bitfunder and Weexchange ...
It does make me wonder a bit more about havelock, I wouldn't worry about Mircea that Romanian can hold Her own (lol) and the guy that actually runs mpex has more than enough backups including his Tor one etc.

Jon Montroll, owner of weexchange was way past sketchy: the guy is a criminal. He stole over 5000 btc of his depositors money and absconded with a bunch of loans, never even giving an excuse. Hate this guy so much.

Burnsides SeC ruling worries me on Havelock's operating status. The SeC is basically the banking elites' monopoly enforcement agency , and have a global reach, so at least for American users there must be at least some reason for concern? The SEC is pretty much effectively above the law because they make the law on these matters, any threat to the Big Scam of the endless money machine their masters control will be quickly shutdown (its only the small scale of btc securities that have saved it so far
).

Regarding the recent share price increase (about 50% in the last few days, this is a big deal) I'm taking this as a very good sign regarding gen4, there is definitely some news that hasn't hit us yet. It could be just market manipulation, but I don't think so, because if there wasn't big news we haven't heard yet, then I think the guy with a few hundred shares would be too over exposed at .15 share price if there was no good foundation, because the price would quickly rebound to a more reasonably .10 and loose more money than gained IMHO.  I suppose it is possible its just one guy mostly buying and selling shares to himself...

[finlof]

Burnside was an American, so unless an American is running Havelock then there likely wont be much to worry about

[glendall]

As was saying, sec is not limited to US. And at the least they could block any American users from using Havelock, which I'm assuming is where a good chunk of the userbase is from.

[OgNasty]

Burnside was an American, so unless an American is running Havelock then there likely wont be much to worry about

False.  You must have gotten into Bitcoin after the GLBSE fiasco.

[Puppet]

As was saying, sec is not limited to US. And at the least they could block any American users from using Havelock, which I'm assuming is where a good chunk of the userbase is from.

Im quite sure havelock is legally obligated (under US law) to make sure its customers are not US citizens. The same applies to pretty much any industrialized country btw.

Unless the operators of havelock have no intention of ever leaving Panama, they would be very unwise to not comply if/when the SEC tells them. And when that happens, well, we've seen it all before when exchanges start demanding proof of ID/residency.
 

[SpanishSoldier]

As was saying, sec is not limited to US. And at the least they could block any American users from using Havelock, which I'm assuming is where a good chunk of the userbase is from.

Im quite sure havelock is legally obligated (under US law) to make sure its customers are not US citizens. The same applies to pretty much any industrialized country btw.

Unless the operators of havelock have no intention of ever leaving Panama, they would be very unwise to not comply if/when the SEC tells them. And when that happens, well, we've seen it all before when exchanges start demanding proof of ID/residency.
 

Provide source to back up your claim.

HaveLock operation does NOT comply with US/EU laws. Any company, whose stock is trading on HaveLock, is doing illegal business. HaveLock is awaiting the same fate of GLBSE.

[Puppet]

Provide source to back up your claim.

HaveLock operation does NOT comply with US/EU laws. Any company, whose stock is trading on HaveLock, is doing illegal business. HaveLock is awaiting the same fate of GLBSE.

Reading comprehension isnt your strong suit is it? Reread what I wrote you moron.
Probably those blinders you are wearing thinking I was a havelock shill?

[Dexter770221]

Gen4 reporting on board:
https://bitcointalk.org/index.php?topic=888260.0

But why bother to announce it on hardware section since friendcat don't want to provide samples. Maybe there would be more miners based on BE200 not only foulty prismas...

[raskul]

Gen4 reporting on board:
https://bitcointalk.org/index.php?topic=888260.0

But why bother to announce it on hardware section since friendcat don't want to provide samples. Maybe there would be more miners based on BE200 not only foulty prismas...

i don't see your point... if AM can't do proper sample testing themselves, then they really shouldn't be in the game. no?

[romerun]

Gen4 reporting on board:
https://bitcointalk.org/index.php?topic=888260.0

But why bother to announce it on hardware section since friendcat don't want to provide samples. Maybe there would be more miners based on BE200 not only foulty prismas...

FC is so stoked with his new chip and the chaining board that he had to blog about them