ASICMINER: Entering the Future of ASIC Mining by Inventing It

[rudi]

So...friedcat's dead?

Unlikely.

Rockxie's statements seemed to indicate that it was not completely unexpected that friedcat would "disappear" (run away).

The other rumors (that even his wife is looking for him, etc...) are just that: rumors.

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[HarmonLi]

So...friedcat's dead?

Unlikely.

Rockxie's statements seemed to indicate that it was not completely unexpected that friedcat would "disappear" (run away).

The other rumors (that even his wife is looking for him, etc...) are just that: rumors.

Huh, what do you mean? Where did Rockxie suggest that it was likely that FC was running away? I don't seem to recall that statement...

[MidwestMiner]

What's more likely: that Friedcat got swooped off by Chinese secret police and no one knows about it, he died and no one knows about it OR that he felt burdened by the failure of his creation and decided to abscond with a few million $$ and a fresh start? Yeah.. Occam's razor people

[HarmonLi]

What's more likely: that Friedcat got swooped off by Chinese secret police and no one knows about it, he died and no one knows about it OR that he felt burdened by the failure of his creation and decided to abscond with a few million $$ and a fresh start? Yeah.. Occam's razor people

I think you're right. Yet I always felt that FC had quite a big amount of honesty. I still wonder why he didn't let this fail more gracefully. Oh well.

[rudi]

So...friedcat's dead?

Unlikely.

Rockxie's statements seemed to indicate that it was not completely unexpected that friedcat would "disappear" (run away).

The other rumors (that even his wife is looking for him, etc...) are just that: rumors.

Huh, what do you mean? Where did Rockxie suggest that it was likely that FC was running away? I don't seem to recall that statement...

I didn't say that Rockxie said that it was likely that FC was running away.

However, in one of the last statements he (rockxie) made, he said he didn't know the reason why friedcat disappeared, but that it might be 60% professional, 40% personal. To me, this sounds like there were big problems lingering for a long time, and FC finally snapped.

That's not much to go on, admittedly, but we have absolutely no reason to believe he was kidnapped. Him being in prison or even executed is even less likely.

[HarmonLi]

What still doesn't make sense is that they didn't opt for liquidating the whole company. I mean taking 100% of the money and run while facing potential legal consequences or people trying to get their money back is, in my books, worse than paying 33% of the company's funds to the shareholders, take 67% and be fine - legally wise.

[MidwestMiner]

What still doesn't make sense is that they didn't opt for liquidating the whole company. I mean taking 100% of the money and run while facing potential legal consequences or people trying to get their money back is, in my books, worse than paying 33% of the company's funds to the shareholders, take 67% and be fine - legally wise.

If I were to venture a guess I would say that the entire operation prob was "illegal" as far as the authorities are concerned and FC simply didn't view the blowback from BTC investors as any added trouble.

[HarmonLi]

What still doesn't make sense is that they didn't opt for liquidating the whole company. I mean taking 100% of the money and run while facing potential legal consequences or people trying to get their money back is, in my books, worse than paying 33% of the company's funds to the shareholders, take 67% and be fine - legally wise.

If I were to venture a guess I would say that the entire operation prob was "illegal" as far as the authorities are concerned and FC simply didn't view the blowback from BTC investors as any added trouble.

In my books it'd be worth spending 33% of your stash (apart from the gains you made apart from that(!)) to sleep tight, have your mind at ease and not be worried that some lunatic actually hired someone to take revenge on you - unfortunately there very well could be crazy people like that.

[Puppet]

In my books it'd be worth spending 33% of your stash (apart from the gains you made apart from that(!)) to sleep tight,

You assume that
a) all "crazy" investors would be satisfied getting just 30% of a stash (a stash that also might be smaller than they thought in the first place)
b) FC is going to sleep well with the authorities quite likely chasing him for security fraud (even if he paid back every last dime, that doesnt make the whole construction or issuing of unregistered securities legal) and/or for large scale electricity theft.

Both assumptions seem very unlikely to me.

[AirWolf]

What still doesn't make sense is that they didn't opt for liquidating the whole company. I mean taking 100% of the money and run while facing potential legal consequences or people trying to get their money back is, in my books, worse than paying 33% of the company's funds to the shareholders, take 67% and be fine - legally wise.

If I were to venture a guess I would say that the entire operation prob was "illegal" as far as the authorities are concerned and FC simply didn't view the blowback from BTC investors as any added trouble.

In my books it'd be worth spending 33% of your stash (apart from the gains you made apart from that(!)) to sleep tight, have your mind at ease and not be worried that some lunatic actually hired someone to take revenge on you - unfortunately there very well could be crazy people like that.

Like me for example...

[AirWolf]

This is what HAVELOCK thinks about our money: https://bitcointalk.org/index.php?topic=993711.0

[MidwestMiner]

In my books it'd be worth spending 33% of your stash (apart from the gains you made apart from that(!)) to sleep tight,

You assume that
a) all "crazy" investors would be satisfied getting just 30% of a stash (a stash that also might be smaller than they thought in the first place)
b) FC is going to sleep well with the authorities quite likely chasing him for security fraud (even if he paid back every last dime, that doesnt make the whole construction or issuing of unregistered securities legal) and/or for large scale electricity theft.

Both assumptions seem very unlikely to me.

What is this electricity theft stemming from? Do have have facts?

[MidwestMiner]

This is what HAVELOCK thinks about our money: https://bitcointalk.org/index.php?topic=993711.0

Well they are not responsible. AM was trading far earlier than on Havelock and I assume they have no idea where FC is either. Just an all around shitty situation.

[CanaryInTheMine]

So...friedcat's dead?

Unlikely.

Rockxie's statements seemed to indicate that it was not completely unexpected that friedcat would "disappear" (run away).

The other rumors (that even his wife is looking for him, etc...) are just that: rumors.

That's not a rumor, she is looking for him

[CanaryInTheMine]

What's more likely: that Friedcat got swooped off by Chinese secret police and no one knows about it, he died and no one knows about it OR that he felt burdened by the failure of his creation and decided to abscond with a few million $$ and a fresh start? Yeah.. Occam's razor people

If that indeed is true, then it would take several months for them to notify his wife, if friedcat asks for notification and they honor his request.

[Silverspoon]

...
That's not a rumor, she is looking for him

No. Without a statement from Mama Cat, it's called a rumor.
With a statement from Mama Cat, it would become a claim.
Claims by Anons such as yourself, especially those with vested interests, are plentiful, often mutually contradictory, and neither here nor there.
You, for instance, have lied to help out your friend Benny Schlichter.
Don't make me look it up.

[rudi]

If CanaryInTheMine says so, it's good enough for me.

I hereby retract my previous statement.

[primeminer]

...
That's not a rumor, she is looking for him

No. Without a statement from Mama Cat, it's called a rumor.
With a statement from Mama Cat, it would become a claim.
Claims by Anons such as yourself, especially those with vested interests, are plentiful, often mutually contradictory, and neither here nor there.
You, for instance, have lied to help out your friend Benny Schlichter.
Don't make me look it up.

oh please do.

[lucasjkr]

If you are planning to go the legal path in an organized manner join us @: https://kiwiirc.com/client/irc.freenode.net/#amhash

To register your nickname:
/msg nickserve register [password] [email address]

You will receive an email with a verification command:
/msg NickServ VERIFY REGISTER [YourNickname] [verificationCode]

http://www.chinalawblog.com/2010/11/how_to_sue_a_chinese_company_part_i_suing_in_the_united_states.html
http://www.chinalawblog.com/2010/11/how_to_sue_a_chinese_company_part_ii_discovery.html
http://www.chinalawblog.com/2010/11/litigation_strategies_us_companies_hold.html
http://www.chinalawblog.com/2010/11/arbitration_in_the_united_states.html

http://ecig-scam-suppliers.blogspot.com.tr/2013/04/you-have-been-cheated-on-chinese.html

Is ASICMINER a legally formed Chinese entity?

Do chinese corporations need to have registered agents for service of process as they do in the US and many other countries?

Who is their registered agent?

Who are the directors of ASICMINER?

No... this is not just a "simple" case of suing a chinese company.

Reminds me of the 90's when people thought that corporate paperwork was too much burden, that all one should have to do to go public was registered a dot com name... (for real, this was discussed on one of the business news channels way back when.... back when Netscape was a going concern). peaple fell into that new paradigm here too... "oh, awesome tech! I wanna invest... what's that? it's not a real corporation? No prob! No registered agent or even business address so that i can contact someone if I have concerns? No prob... besides, corporations are just legal constructs of the governments that we all hate". Then things blow up.

Word to the wise. I haven't even looked. But if there are other companies listed on exchanges, people would be well advised to demand that those companies formally register as such and actually assign them real shares, rather than the phantom shares and promises that they all seem so found of issuing...

[Silverspoon]

...
That's not a rumor, she is looking for him

No. Without a statement from Mama Cat, it's called a rumor.
With a statement from Mama Cat, it would become a claim.
Claims by Anons such as yourself, especially those with vested interests, are plentiful, often mutually contradictory, and neither here nor there.
You, for instance, have lied to help out your friend Benny Schlichter.
Don't make me look it up.

oh please do.

Sure.  Here's the post in question:  https://bitcointalk.org/index.php?topic=707341.msg8071506#msg8071506
No such signed documents existed, ergo canary couldn't have had it in his possession.

Edit:  Feel free to skim the last page of that thread (at which point Benny locked it) to see how things turned out.  If it's not clear that Benny didn't win the auction, here's more:  https://litecointalk.org/index.php?topic=3126.msg216625#msg216625