empoweoqwj
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June 26, 2013, 02:02:13 PM |
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Reminder / UpdateThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on. Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat. The last round was a big success, so we will continue doing this for the foreseeable future. The questions are available for voting here: https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewformHere are the results so far (183 votes): 1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9 2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02 3) Do you have plans for a retail website? - 3.3 4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94 5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1 6) When can we expect the first financial report? - 3.65 7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98 8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12 9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98 10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9Please note: Voting has NOT closed! You can (and should) still vote! What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score. Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.
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ThickAsThieves
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June 26, 2013, 02:04:37 PM |
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Reminder / UpdateThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on. Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat. The last round was a big success, so we will continue doing this for the foreseeable future. The questions are available for voting here: https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewformHere are the results so far (183 votes): 1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9 2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02 3) Do you have plans for a retail website? - 3.3 4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94 5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1 6) When can we expect the first financial report? - 3.65 7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98 8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12 9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98 10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9Please note: Voting has NOT closed! You can (and should) still vote! What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score. Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah. The question is one of goals and strategy, not one of guarantees.
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binaryFate
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Still wild and free
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June 26, 2013, 02:07:03 PM |
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What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score.
Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.
The wording "current goal" does not suggest any guarantee, I don't know where you got that. What is important is the target they're aiming at.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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binaryFate
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Activity: 1484
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Still wild and free
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June 26, 2013, 02:09:21 PM |
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@TAT (or one of the other guys taking care of the questions):
What do you mean by "fees" in the last question? If it's transactions fees it is part of mining, are you then speaking about something else?
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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nubbins
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Activity: 1554
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June 26, 2013, 02:11:08 PM |
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And being "forced to sell" and taking a huge profit is a problem in what respect?
Nobody ever went bust taking a huge profit.
I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker. Long-time shareholders are already filthy rich, but now feel as if they're being forced into action. As far as problems go, this isn't a major one
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canth
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Activity: 1442
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June 26, 2013, 02:18:58 PM |
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And being "forced to sell" and taking a huge profit is a problem in what respect?
Nobody ever went bust taking a huge profit.
I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker. Long-time shareholders are already filthy rich, but now feel as if they're being forced into action. As far as problems go, this isn't a major one Heh, no - I don't think that they'll mind taking a huge profit, but I for one still want to have a few patient investors with a steady hand to anchor the price. Personally I'd prefer that to seeing it whipsaw back and forth with a bunch of investors that react to short term fluctuations in hash rates or hardware sales. The trader sure doesn't, but to each their own. Also, most the long-time shareholders are probably only filthy rich if they've unloaded a huge portion of their shares, recently. Wealthy, no doubt - filthy rich? I don't think anyone has retired just yet. AM IPO investors - feel free to send pics of your yacht purchased with BTC if I'm wrong.
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matt_boyd
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June 26, 2013, 02:41:19 PM |
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Not the worst, I can't wait for the new products to come out, that will be exciting time, by the way TAT, liking the sarcasm, it give me a chuckle.
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tkone
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June 26, 2013, 02:50:35 PM |
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3.4 wall is good, actually even good if a dropped cheaper, means we can reinvest dividends to buy more shares for cheaper, i know everyone wants price of shares to rise, but look on the bright side, we have a benefit of it staying or even getting lower
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Mnw
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Activity: 28
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June 26, 2013, 02:54:50 PM |
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Expecting share price drops again after dividends announcement..
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velacreations
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June 26, 2013, 02:56:12 PM |
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3.4 wall is good, actually even good if a dropped cheaper, means we can reinvest dividends to buy more shares for cheaper, i know everyone wants price of shares to rise, but look on the bright side, we have a benefit of it staying or even getting lower what wall are you talking about? I don't see one, only significant sell orders at 3.5
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velacreations
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June 26, 2013, 02:56:49 PM |
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Expecting share price drops again after dividends announcement..
I kinda doubt this will happen again this week. it may drop slightly, but don't expect 15% like last week.
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runeks
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Activity: 980
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June 26, 2013, 03:00:32 PM |
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Expecting share price drops again after dividends announcement..
I kinda doubt this will happen again this week. it may drop slightly, but don't expect 15% like last week. If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.
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Eric Muyser
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You can't kill math.
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June 26, 2013, 03:02:15 PM |
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Expecting share price drops again after dividends announcement..
I kinda doubt this will happen again this week. it may drop slightly, but don't expect 15% like last week. I'm thinking only 5-10% is possible.
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@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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Birdy
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June 26, 2013, 03:04:39 PM |
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If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.
So in a balanced market the price will drop each week by the dividends until it hits zero?
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neilol
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June 26, 2013, 03:06:08 PM |
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If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.
So in a balanced market the price will drop each week by the dividends until it hits zero? No. The price will then subsequently rise by the expected amount of the next dividend over the course of the week (at a pace that reaches equilibrium with the markets discount rate for the security).
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ThickAsThieves
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June 26, 2013, 03:07:19 PM |
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Expecting share price drops again after dividends announcement..
I kinda doubt this will happen again this week. it may drop slightly, but don't expect 15% like last week. I'm thinking only 5-10% is possible. Anything is possible, including breaking 3btc.
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nubbins
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Activity: 1554
Merit: 1009
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June 26, 2013, 03:11:57 PM |
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If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.
So in a balanced market the price will drop each week by the dividends until it hits zero? No. The price will then subsequently rise by the expected amount of the next dividend over the course of the week (at a pace that reaches equilibrium with the markets discount rate for the security). With a 0.017 per share dividend, we're talking about a drop from, say, BTC3.417 to BTC3.400. That's a pretty small drop to try measuring.
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SmiGueL
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June 26, 2013, 03:14:00 PM Last edit: June 26, 2013, 04:52:16 PM by SmiGueL |
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friedcat (& co) of course I expect it to go to ~400 or ~800 in a few hours. Then you'll get about 0.015/share w/o hardware sales
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