runam0k
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Activity: 1092
Merit: 1001
Touchdown
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March 30, 2015, 10:26:38 AM |
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Even returned that 50 BTC txt fee back in the day, so while his company may be busting, its not an untrustworthy operator fault but a failed company.
Did I miss an important update? Is FC back? Or is he still missing, having done a runner with company funds? Just because he did good things "back in the day" and didn't bolt until things got difficult, doesn't mean he's not a scammer. It's just a different type of scam. It's an exit scam. I'm sure lots of BTC co operators had good intentions when they started out...
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lophie
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March 30, 2015, 11:24:28 AM |
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DISCLAIMER: I have been in ASICMINER since IPO here on the forums and GLBSE and completely out since first time it hit 0.16BTC.
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Will take me a while to climb up again, But where is a will, there is a way...
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SebastianJu
Legendary
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Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
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March 30, 2015, 12:28:28 PM |
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Even returned that 50 BTC txt fee back in the day, so while his company may be busting, its not an untrustworthy operator fault but a failed company.
Did I miss an important update? Is FC back? Or is he still missing, having done a runner with company funds? Just because he did good things "back in the day" and didn't bolt until things got difficult, doesn't mean he's not a scammer. It's just a different type of scam. It's an exit scam. I'm sure lots of BTC co operators had good intentions when they started out... He only says that its not the best decision for a scammer to wait scamming until you have way less money you can run with. You assume friedcat scammed but the possibility that he didnt vanish out of his free will is high. Saying that... i really have no sympathy for being responsible for so many coins that arent yours and you dont even get the idea to secure them. I mean friedcat dying would have meant the same outcome i guess. Personally i would fear i set myself up to a big risk for my personal life and wellbeing and i would prevent that by making me alone unable to give out the coins.
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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March 30, 2015, 12:37:21 PM |
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Even returned that 50 BTC txt fee back in the day, so while his company may be busting, its not an untrustworthy operator fault but a failed company.
Did I miss an important update? Is FC back? Or is he still missing, having done a runner with company funds? Just because he did good things "back in the day" and didn't bolt until things got difficult, doesn't mean he's not a scammer. It's just a different type of scam. It's an exit scam. I'm sure lots of BTC co operators had good intentions when they started out... He only says that its not the best decision for a scammer to wait scamming until you have way less money you can run with. You assume friedcat scammed but the possibility that he didnt vanish out of his free will is high. Saying that... i really have no sympathy for being responsible for so many coins that arent yours and you dont even get the idea to secure them. I mean friedcat dying would have meant the same outcome i guess. Personally i would fear i set myself up to a big risk for my personal life and wellbeing and i would prevent that by making me alone unable to give out the coins. too bad he did not escrwo AM funds wit you..
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SebastianJu
Legendary
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Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
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March 30, 2015, 05:26:11 PM |
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Even returned that 50 BTC txt fee back in the day, so while his company may be busting, its not an untrustworthy operator fault but a failed company.
Did I miss an important update? Is FC back? Or is he still missing, having done a runner with company funds? Just because he did good things "back in the day" and didn't bolt until things got difficult, doesn't mean he's not a scammer. It's just a different type of scam. It's an exit scam. I'm sure lots of BTC co operators had good intentions when they started out... He only says that its not the best decision for a scammer to wait scamming until you have way less money you can run with. You assume friedcat scammed but the possibility that he didnt vanish out of his free will is high. Saying that... i really have no sympathy for being responsible for so many coins that arent yours and you dont even get the idea to secure them. I mean friedcat dying would have meant the same outcome i guess. Personally i would fear i set myself up to a big risk for my personal life and wellbeing and i would prevent that by making me alone unable to give out the coins. too bad he did not escrwo AM funds wit you.. I would have denied. Or suggested me being part of a ring of many escrows who all are needed in accordance to get the funds moved. Otherwise i would have feared for my live and wellbeing. No money would be worth that. Thats why i dont understand friedcat. Either he really is a scammer and needed to hold the keys for that, which sounds unlikely to me because of his past record, he simply denied the risks or he... i dont know. If he isnt a scammer then this problem sounds like on a level with "oops my harddisc with my wallet crashed and i dont have a backup". Not understandable for someone this experienced.
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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mc_lovin
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Activity: 1190
Merit: 1000
www.bitcointrading.com
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March 31, 2015, 05:47:54 AM |
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RoadStress
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Activity: 1904
Merit: 1007
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March 31, 2015, 06:14:04 AM |
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I tried to warn people early on. This is what scares me about Spondoolies now taking the same ethical approach to their future business (i.e. selling finite cloudhashing contracts because it's easier and more profitable and passes more risk to the customer). Once people take the path of using their reputation to screw their customers for profit, it is difficult to recover.
Don't rush with assumptions. SP-Tech has some unique plans about the cloudhashing contracts. Get digging!
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Fabrizio89
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March 31, 2015, 06:27:59 AM |
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I don't even know why Havelock is still online, this was basically the only thing that brought them volume, lol. Anyway that's why you trade bitcoins if you want to make money and not shitty semi-stocks.
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flyingplows
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March 31, 2015, 06:55:19 PM |
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I don't even know why Havelock is still online, this was basically the only thing that brought them volume, lol. Anyway that's why you trade bitcoins if you want to make money and not shitty semi-stocks.
Well, maybe because Havelock is involved in this shit more than it seems at first But at least if they wanted to run they could have opened AMHash1 market trade without permission from amhash This would be quite profotable % to make...
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nwfella
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Activity: 1610
Merit: 1000
Well hello there!
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March 31, 2015, 11:50:36 PM |
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The strangest thing happened. As soon as a stopped investing in bitcoin securities...
I had more bitcoins.
Ain't that the truth, well Bitcoin securities have had a very high tendency to suck With very few exceptions all of them can be considered failures In the end you really do have more Bitcoins avoiding them like the plague Couldn't agree with this more. Very rarely will you come across a legitimate Bitcoin security. And even if legitimate to start, far too easy for one person with the 'keys to the kingdom' to basically runway with the goods. Feel really bad for anybody that invested in asicminer and didn't get out before the crash.
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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Jonnybitc0in
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Activity: 12
Merit: 0
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April 01, 2015, 04:01:16 AM |
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Gen3 had a chance. Wasn't expecting FC to disappear. self-mining? DataTank immersion cooling? 60p of chips (40% of the network @ the time) just sitting on shelves? What the heck happened to those 60p? dividends a distant dream? It was the moon or zero. Zero it is. So sad.
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RoadStress
Legendary
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Activity: 1904
Merit: 1007
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April 01, 2015, 11:36:44 AM |
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Gen3 had a chance. Wasn't expecting FC to disappear. self-mining? DataTank immersion cooling? 60p of chips (40% of the network @ the time) just sitting on shelves? What the heck happened to those 60p? dividends a distant dream? It was the moon or zero. Zero it is. So sad. DataTank was acquired by BitFury. I really think that the 60PH of chips just sit on the shelves for a long period of time. Yes I know that there are no proofs, it's just my imagination.
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lightfoot
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Activity: 3150
Merit: 2257
I fix broken miners. And make holes in teeth :-)
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April 01, 2015, 02:38:10 PM |
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DataTank was acquired by BitFury.
I really think that the 60PH of chips just sit on the shelves for a long period of time. Yes I know that there are no proofs, it's just my imagination.
You need more than chips to make a miner. Power is the killer; designing .6 volt or less supplies at 1,000+ amps is a bitch on wheels. BE got around this by doing a lot of small chips with a lot of little power supplies, but as they cranked the density up this could have caught up with them. Serious bitch on wheels. Moreso if you have to have 50-100 of them on a board to support 50+ hashing chips. Fail one shorted and unit shuts down with a flaming boom.
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gogxmagog
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Activity: 1456
Merit: 1010
Ad maiora!
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April 01, 2015, 08:33:02 PM |
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So I have been looking over the few reports on this debacle and from what I can glean from many poorly translated missives is that David Fan is determined to try and salvage AM. FC most likely walked because he had had enough "internal bullshit" and isn't coming back. Are we ever going to hear from the operators of AM re; game plan for future? Times a wasting. Some would say times well past due
I really don't expect much to come of it, maybe a final disbursement of the remaining AM assets to shareholders (wishful thinking) possibly they can get some other flaky computer nerd to take the IP for gen 3 and do something. At this point I would merely like some straight talk as to wtf is going on
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elasticband
Legendary
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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April 01, 2015, 08:42:46 PM |
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So I have been looking over the few reports on this debacle and from what I can glean from many poorly translated missives is that David Fan is determined to try and salvage AM. FC most likely walked because he had had enough "internal bullshit" and isn't coming back. Are we ever going to hear from the operators of AM re; game plan for future? Times a wasting. Some would say times well past due
I really don't expect much to come of it, maybe a final disbursement of the remaining AM assets to shareholders (wishful thinking) possibly they can get some other flaky computer nerd to take the IP for gen 3 and do something. At this point I would merely like some straight talk as to wtf is going on
any links to what you were reading?
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gogxmagog
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Activity: 1456
Merit: 1010
Ad maiora!
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April 01, 2015, 10:23:08 PM Last edit: April 01, 2015, 11:54:24 PM by gogxmagog |
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So I have been looking over the few reports on this debacle and from what I can glean from many poorly translated missives is that David Fan is determined to try and salvage AM. FC most likely walked because he had had enough "internal bullshit" and isn't coming back. Are we ever going to hear from the operators of AM re; game plan for future? Times a wasting. Some would say times well past due
I really don't expect much to come of it, maybe a final disbursement of the remaining AM assets to shareholders (wishful thinking) possibly they can get some other flaky computer nerd to take the IP for gen 3 and do something. At this point I would merely like some straight talk as to wtf is going on
any links to what you were reading? canary in the mine said; https://bitcointalk.org/index.php?topic=99497.msg10607230#msg10607230statement of david fan promising AM will try to move foreward despite losing FC http://www.cybtc.org/article-75-1.htmlnote- canary in the mine has proven to be reliable in the past (i'm not sure but i think he is on the AM board) yet his statement seems to be conjecture. david fan is the co-founder of AM, and without FC is the CEO now.
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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April 02, 2015, 12:21:35 PM |
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So I have been looking over the few reports on this debacle and from what I can glean from many poorly translated missives is that David Fan is determined to try and salvage AM. FC most likely walked because he had had enough "internal bullshit" and isn't coming back. Are we ever going to hear from the operators of AM re; game plan for future? Times a wasting. Some would say times well past due
I really don't expect much to come of it, maybe a final disbursement of the remaining AM assets to shareholders (wishful thinking) possibly they can get some other flaky computer nerd to take the IP for gen 3 and do something. At this point I would merely like some straight talk as to wtf is going on
any links to what you were reading? canary in the mine said; https://bitcointalk.org/index.php?topic=99497.msg10607230#msg10607230statement of david fan promising AM will try to move foreward despite losing FC http://www.cybtc.org/article-75-1.htmlnote- canary in the mine has proven to be reliable in the past (i'm not sure but i think he is on the AM board) yet his statement seems to be conjecture. david fan is the co-founder of AM, and without FC is the CEO now. CEO of nothing is no CEO at all.
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Chris_Sabian
Legendary
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Activity: 896
Merit: 1001
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April 02, 2015, 03:38:12 PM |
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So I have been looking over the few reports on this debacle and from what I can glean from many poorly translated missives is that David Fan is determined to try and salvage AM. FC most likely walked because he had had enough "internal bullshit" and isn't coming back. Are we ever going to hear from the operators of AM re; game plan for future? Times a wasting. Some would say times well past due
I really don't expect much to come of it, maybe a final disbursement of the remaining AM assets to shareholders (wishful thinking) possibly they can get some other flaky computer nerd to take the IP for gen 3 and do something. At this point I would merely like some straight talk as to wtf is going on
any links to what you were reading? canary in the mine said; https://bitcointalk.org/index.php?topic=99497.msg10607230#msg10607230statement of david fan promising AM will try to move foreward despite losing FC http://www.cybtc.org/article-75-1.htmlnote- canary in the mine has proven to be reliable in the past (i'm not sure but i think he is on the AM board) yet his statement seems to be conjecture. david fan is the co-founder of AM, and without FC is the CEO now. CEO of nothing is no CEO at all. Exactly. AM has the design of a new chip but no funding to make it. They don't have access to mine. Their current chips at ~0.8 W / Gh are marginal at the current difficulty / market price.
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pedrog
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Activity: 2786
Merit: 1031
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April 02, 2015, 08:45:53 PM |
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There was a bit of movement at Havelock, are there any news?
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Fordee
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April 02, 2015, 09:39:10 PM |
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There was a bit of movement at Havelock, are there any news?
Dead cat bounce? Lol. . Probably, but we'll have to wait a week for an official translation or something, (as usual)..
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