gogxmagog
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Activity: 1456
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Ad maiora!
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April 02, 2015, 10:24:56 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. just sayin' that's the way the cards have landed. just a little info but, it's more than any of the principals have offered us... fuck i've lost a lot of BTC, and wasted a lot of hours hanging around in this sub. they should just move the whole section into the scam sub and be done with it. there is nothing to gain in this sphere the only decent companies secure private funding. us little fish don't get to play ball.
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hdbuck
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Activity: 1260
Merit: 1002
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April 03, 2015, 07:31:53 AM |
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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. just sayin' that's the way the cards have landed. just a little info but, it's more than any of the principals have offered us... fuck i've lost a lot of BTC, and wasted a lot of hours hanging around in this sub. they should just move the whole section into the scam sub and be done with it. there is nothing to gain in this sphere the only decent companies secure private funding. us little fish don't get to play ball. sad but true. just buy BTC dude. even the VC dont get it, but they'll get burn eventually too
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sporket
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April 03, 2015, 02:46:14 PM |
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... they should just move the whole section into the scam sub and be done with it. ... +1 for merging Securities & Scam Accusations.
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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April 03, 2015, 02:47:53 PM |
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... they should just move the whole section into the scam sub and be done with it. ... +1 for merging Securities & Scam Accusations. +2 ^^
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Bonam
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April 03, 2015, 03:21:00 PM |
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+3
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jdany
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April 03, 2015, 04:04:44 PM |
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+4
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Blazed
Casascius Addict
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Activity: 2128
Merit: 1119
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April 03, 2015, 04:47:38 PM |
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... they should just move the whole section into the scam sub and be done with it. ... +1 for merging Securities & Scam Accusations. +1000 Finally a good idea for dealing with these scams securities.
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ensurance982
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April 03, 2015, 07:17:09 PM |
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... they should just move the whole section into the scam sub and be done with it. ... +1 for merging Securities & Scam Accusations. Well at this point it really looks like there's no honest or at least profitable stock left... I guess AM was the only reliable player left, but with them going down (mostly due to bad luck) in 2014, I guess there isn't anything worth investing in left. A shame, but yeah... +1 ?
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Chris_Sabian
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Activity: 896
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April 03, 2015, 08:39:45 PM |
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... they should just move the whole section into the scam sub and be done with it. ... +1 for merging Securities & Scam Accusations. Well at this point it really looks like there's no honest or at least profitable stock left... I guess AM was the only reliable player left, but with them going down (mostly due to bad luck) in 2014, I guess there isn't anything worth investing in left. A shame, but yeah... +1 ? +1 Not really a stock but the Bitcoin Difficulty Derivative appears to be honest. Although they are almost at the end-game.
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pedrog
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Activity: 2786
Merit: 1031
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April 03, 2015, 08:46:13 PM |
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... they should just move the whole section into the scam sub and be done with it. ... +1 for merging Securities & Scam Accusations. Well at this point it really looks like there's no honest or at least profitable stock left... I guess AM was the only reliable player left, but with them going down (mostly due to bad luck) in 2014, I guess there isn't anything worth investing in left. A shame, but yeah... +1 ? +1 Not really a stock but the Bitcoin Difficulty Derivative appears to be honest. Although they are almost at the end-game. Also Cryptsy. But you're right, we can count honest bitcoin securities with the fingers of one hand.
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EternalWingsofGod
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April 06, 2015, 05:30:30 PM |
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Nothing but crickets left in here Looks like all has been said for now, seeing three days of silence RIP Asicminer
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MidwestMiner
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April 07, 2015, 01:55:48 AM |
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Nothing but crickets left in here Looks like all has been said for now, seeing three days of silence RIP Asicminer
Yeah I think canary nailed it early. Its over. IP is likely lost or worthless and remaining hardware is worth pennies on the dollar (if it even exists anymore). GG.
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Fordee
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April 07, 2015, 02:11:56 AM |
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Yup.. RIP AsicMiner... shares are likely onky worth pennies, if anything..
... and yet all those unfilled bids.??
.. Odd.
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lucasjkr
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April 07, 2015, 02:19:24 AM |
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Yeah, Bitcoin denominated securities certainly haven't ended well For investors. I wonder if any amount of self-regulation can work, or if the SEC and its counterparts will come tromping in? On one hand I can see the promise, anyone with a Bitcoin relatrd idea could have tapped into the market and raised needed capital, but like all good things, the bad apples spoiled the bunch. Except here, nearly every apple turned out to be bad...
What next? Or is this the end?
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gogxmagog
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Activity: 1456
Merit: 1010
Ad maiora!
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April 07, 2015, 02:35:03 AM |
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hopefully there are bag holders in china to raise a stink. it burns me to know these asicminer guys just walk away without repercussions. there's not much we can do from here is there?
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ensurance982
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April 07, 2015, 03:29:46 PM |
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hopefully there are bag holders in china to raise a stink. it burns me to know these asicminer guys just walk away without repercussions. there's not much we can do from here is there?
I'm most disappointed by friedcat just walking away! Really wouldn't have expected such a move from him - a guy I really considered to be honest. Sad to see this happen!
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Jayjay04
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Activity: 1364
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April 07, 2015, 03:31:20 PM |
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I still can't believe, that is all for this story....
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ensurance982
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April 07, 2015, 03:43:39 PM |
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I still can't believe, that is all for this story....
I actually expected some more drama, at least. Lost enough money in this shipwreck and really thought that something exciting was still going to happen, to be honest...
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Chris_Sabian
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Activity: 896
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April 07, 2015, 04:04:12 PM |
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I still can't believe, that is all for this story....
I actually expected some more drama, at least. Lost enough money in this shipwreck and really thought that something exciting was still going to happen, to be honest... You aren't the only one. When the results from the sample chips came in and FC was posting happily about it, I was thinking that AM could actually have a successful new chip.
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ensurance982
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April 07, 2015, 08:22:40 PM |
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I still can't believe, that is all for this story....
I actually expected some more drama, at least. Lost enough money in this shipwreck and really thought that something exciting was still going to happen, to be honest... You aren't the only one. When the results from the sample chips came in and FC was posting happily about it, I was thinking that AM could actually have a successful new chip. Exactly. I actually still believe that he was convinced that everything would work out in the end back then. I think it was due to those investors / large customers abandoning gen 4's funding that things went down...
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