freedomno1
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Learning the troll avoidance button :)
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January 06, 2015, 05:32:59 AM |
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meanwhile, stamp going down because security compromise
19,000 BTC confirmed stolen from Hot Wallet!! *Jeeez, the hits just keep on a comin! At this rate the market is going to be begging for mercy one way or another Anyways the year is young and AM is Chinese so at least bitstamp getting hacked is not going to affect operations much here (Except if they need to use funds to convert to USD) |
Believing in Bitcoins and it's ability to change the world
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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bitdude
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January 06, 2015, 06:15:56 AM |
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Paycoin wakeup and Bitstamp hack is the news for the difficulty and the price. I am happy to agree with Kipsy89 as I have learned about Paycoin just a few days ago and "missed the train"  |
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jdany
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January 06, 2015, 11:02:04 AM |
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It's 2015. Are we going to see some financials soon? This is ridiculous
There are only so many reasons you would delay a financials release. |
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bobboooiie
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January 06, 2015, 12:01:26 PM |
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Paycoin wakeup and Bitstamp hack is the news for the difficulty and the price. I am happy to agree with Kipsy89 as I have learned about Paycoin just a few days ago and "missed the train" You better educate yourself about clams then, so you dont miss the real alt coin train. |
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HarmonLi
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Activity: 350
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Honest 80s business!
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January 06, 2015, 01:07:20 PM |
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Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...
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Mabsark
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Merit: 1004
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January 06, 2015, 01:08:59 PM |
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Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...
BitStamp said they have more than enough in cold storage to cover all the losses. |
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HarmonLi
Sr. Member
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Activity: 350
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Honest 80s business!
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January 06, 2015, 01:16:36 PM |
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Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...
BitStamp said they have more than enough in cold storage to cover all the losses. Yeah I know, I was just asking whether you guys believe that. I actually do. I think a loss of 15% can be managed. Gox on the other hand even lost more than they even had in the first place. |
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MichaelBliss
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January 06, 2015, 09:40:30 PM |
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Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...
BitStamp said they have more than enough in cold storage to cover all the losses. Yeah I know, I was just asking whether you guys believe that. I actually do. I think a loss of 15% can be managed. Gox on the other hand even lost more than they even had in the first place. I'd like to see the audit that shows they do have that kind of bitcoin just laying around. I guess their VCs will have to bail them out? That's terrible news for them if that's the case! |
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gogxmagog
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Ad maiora!
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January 06, 2015, 10:59:36 PM |
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yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"
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freedomno1
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Learning the troll avoidance button :)
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January 06, 2015, 11:33:33 PM |
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yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"
Well Venture capital is there for those unfortunate events... Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did. |
Believing in Bitcoins and it's ability to change the world
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MichaelBliss
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January 06, 2015, 11:35:27 PM |
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yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"
Well Venture capital is there for those unfortunate events... Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did. I don't mean to argue but, seriously - venture capital is NOT there for such things! It is there to make a return for the investors. PERIOD. Insurance policies are there for such things! |
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xhomerx10
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January 07, 2015, 12:03:31 AM
Last edit: January 07, 2015, 12:14:07 AM by xhomerx10 |
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yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"
Well Venture capital is there for those unfortunate events... Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did. I don't mean to argue but, seriously - venture capital is NOT there for such things! It is there to make a return for the investors. PERIOD. Insurance policies are there for such things! Yes and occaisionally negative returns - Solyndra Amp'd Mobile lost ~ $360million. (edit Solyndra lost considerably more for VCs) There's a fairly long list of VC funded companies that are now bankrupt. Fortunately for us, Asicminer hasn't sought finds from venture capitalists... at least not according to the last financial statements  |
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gogxmagog
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Ad maiora!
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January 07, 2015, 12:12:05 AM |
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Why are there no financials anyway? What reasons could they have? Let's see...
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MichaelBliss
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January 07, 2015, 12:29:27 AM |
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Why are there no financials anyway? What reasons could they have? Let's see...
An accountant is said to be working on the AM financials, according to some post buried pages back. I guess the reasons for not having presented them would include: they have no need to. Though it would be nice for the shareholders and possibly the share price. I'm hoping Friedcat comes on with the financial report sometime in January at least. Plus, maybe an executive summary this time. |
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freedomno1
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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January 07, 2015, 12:33:47 AM |
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yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"
Well Venture capital is there for those unfortunate events... Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did. I don't mean to argue but, seriously - venture capital is NOT there for such things! It is there to make a return for the investors. PERIOD. Insurance policies are there for such things! Yes and occaisionally negative returns - Solyndra Amp'd Mobile lost ~ $360million. (edit Solyndra lost considerably more for VCs) There's a fairly long list of VC funded companies that are now bankrupt. Fortunately for us, Asicminer hasn't sought finds from venture capitalists... at least not according to the last financial statements @ Michael Correct and feel free to point that out VC is not meant for that was using a bit of dark humor there myself. As an aside I don't think that Bitstamp would have USD backed insurance to insure their operations like banks do at this time since there is no CDIC/FDIC requirement, so in regards to if they could insure those type of losses I'm not certain they can. @xhome It still has the same equity distribution as when it launched no new announcement on that so assume its the same, well till financials are released. 163,962 Shareholders 236,038 Bitfountain |
Believing in Bitcoins and it's ability to change the world
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superduh
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January 07, 2015, 01:11:59 AM |
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looks like cointerra may be leaving the game
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ok
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gogxmagog
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Ad maiora!
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January 07, 2015, 01:48:46 AM
Last edit: January 07, 2015, 03:19:33 AM by gogxmagog |
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looks like cointerra may be leaving the game
can you please elaborate? EDIT- nevermind, I just went and read for myself. They've been circling the drain forever. I just forgot about them in the sea of flailing dissapointments that is everything connected to BTC mining (even BTC itself these days) honestly though, I'm just holding my breath, hoping against hope that the next we hear from FC it ISN'T going to be something along the lines of; "Things are going great over here, we've taken all the profits from sales and projected future profits to create AMCOIN!!!! Premined, 99% owned by AM, and guess what guys??? You can go spend more of your money on them when we IPO next month. Financials soon " It would make me barf, but not make me surprised. |
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romerun
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Activity: 1078
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Bitcoin is new, makes sense to hodl.
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January 07, 2015, 01:59:24 AM |
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gogxmagog
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Activity: 1456
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Ad maiora!
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January 07, 2015, 03:08:27 AM |
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AM payed upfront, or am I wrong here?
I seem to recall they have no debts, at least from last gen.
Plus they promised they have enough BTC to keep going for a long time. Whatever that means.
So. Fried Cat, or par-boiled master of ours, please assauge our fears. Lay some fuckin numbers on us d00d
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completelyclueless
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January 07, 2015, 04:14:21 AM |
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Hello,
I've been out of this game for quite some time and was wondering how to go about checking my direct shares. I purchased my shares from BTC-TC about a year and a half ago and knew they were converted to direct shares upon the closing of the site.
I would like to transfer my direct shares to Havelock. I am aware of the process of moving them into Havelock, but I am not sure what information (which of my public BTC addresses and email addresses) Asicminer has on record. How would I go about determining what info AM has in their database?
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