ASICMINER: Entering the Future of ASIC Mining by Inventing It

[MidwestMiner]

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.

[Fordee]

Yup.. RIP AsicMiner...  shares are likely onky worth pennies, if anything..

... and yet all those unfilled bids.??

.. Odd.

[lucasjkr]

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?

[gogxmagog]

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?

[ensurance982]

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!

[Jayjay04]

I still can't believe, that is all for this story....

[ensurance982]

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...

[Chris_Sabian]

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.   

[ensurance982]

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...

[freedomno1]

I still can't believe, that is all for this story....

For now at least, until something worth mentioning comes along
Surprisingly the shares may be worth pennies on the dollar but havelock is persistent
Still holding at 0.01 wall that said 5 BTC to finally break it though. 

[gogxmagog]

Here is a problem that applies to BTC securities that aren't plain old scams/ponzis right from the beginning. Like ASICminer, they might have good intentions, and skills to make things happen, but at the end of the day, they are not business people. They are computer nerds. Asperger's riddled toads. They barely can maintain basic social skills, let alone any sort of complicated business relationships. Frustrated with your situation? Great, just rob the company account and go to Thailand. Shareholders can go fry an egg!

The more I see this stuff, the more I start to believe it is just a tiny part of a big problem. Who is really making money from BTC? The earliest adopters, the devs, and all the crooks and scammers, hackers and thieves. everyone else gets burnt. Makes me think that is the reason BTC exists. Make a crypto and hype the shit out of it, manipulate the markets and falsely inflate the value. Also create this crypto so that it is very easy to steal, and also easy to launder. Banks are too hard to rob, so create a mirage currency, sell it to conspiracy theorists, libertarians, anarchists. Rob them of their coins however possible (hacks, scams, "securities" designed to go nowhere) Its been an open secret that the BTC foundation is a farce for ages, now everyone sees they really are a pointless entity, not to mention bankrupt.

Satoshi Nakamoto isn't one guy. It's a cabal of darknet bandits. And they are laughing...

[ensurance982]

I still can't believe, that is all for this story....

For now at least, until something worth mentioning comes along
Surprisingly the shares may be worth pennies on the dollar but havelock is persistent
Still holding at 0.01 wall that said 5 BTC to finally break it though. 

Well I don't think that it will break down significantly anymore. Sure, it could... But right now it's gone down so much already and people wouldn't get anything near their initial investments back so they just take what's left for them: Their pride.

[ensurance982]

Here is a problem that applies to BTC securities that aren't plain old scams/ponzis right from the beginning. Like ASICminer, they might have good intentions, and skills to make things happen, but at the end of the day, they are not business people. They are computer nerds. Asperger's riddled toads. They barely can maintain basic social skills, let alone any sort of complicated business relationships. Frustrated with your situation? Great, just rob the company account and go to Thailand. Shareholders can go fry an egg!

The more I see this stuff, the more I start to believe it is just a tiny part of a big problem. Who is really making money from BTC? The earliest adopters, the devs, and all the crooks and scammers, hackers and thieves. everyone else gets burnt. Makes me think that is the reason BTC exists. Make a crypto and hype the shit out of it, manipulate the markets and falsely inflate the value. Also create this crypto so that it is very easy to steal, and also easy to launder. Banks are too hard to rob, so create a mirage currency, sell it to conspiracy theorists, libertarians, anarchists. Rob them of their coins however possible (hacks, scams, "securities" designed to go nowhere) Its been an open secret that the BTC foundation is a farce for ages, now everyone sees they really are a pointless entity, not to mention bankrupt.

Satoshi Nakamoto isn't one guy. It's a cabal of darknet bandits. And they are laughing...

Well, I agree that many of those 'computer nerds' aren't really capable of running a company. This is something we've seen with mining manufacturers as well, even if their sold their merchandise denominated and paid in FIAT. The Satoshi claim is off, though - I believe. He (or they) were just in for it for the incredible technology they created.

[hdbuck]

Here is a problem that applies to BTC securities that aren't plain old scams/ponzis right from the beginning. Like ASICminer, they might have good intentions, and skills to make things happen, but at the end of the day, they are not business people. They are computer nerds. Asperger's riddled toads. They barely can maintain basic social skills, let alone any sort of complicated business relationships. Frustrated with your situation? Great, just rob the company account and go to Thailand. Shareholders can go fry an egg!

The more I see this stuff, the more I start to believe it is just a tiny part of a big problem. Who is really making money from BTC? The earliest adopters, the devs, and all the crooks and scammers, hackers and thieves. everyone else gets burnt. Makes me think that is the reason BTC exists. Make a crypto and hype the shit out of it, manipulate the markets and falsely inflate the value. Also create this crypto so that it is very easy to steal, and also easy to launder. Banks are too hard to rob, so create a mirage currency, sell it to conspiracy theorists, libertarians, anarchists. Rob them of their coins however possible (hacks, scams, "securities" designed to go nowhere) Its been an open secret that the BTC foundation is a farce for ages, now everyone sees they really are a pointless entity, not to mention bankrupt.

Satoshi Nakamoto isn't one guy. It's a cabal of darknet bandits. And they are laughing...

BTC is and thats enough.

screw TBF, screw the devs, screw buisness angels, screw governements, screw Wall street...

point is, Bitcoin is just getting started, but you better watch out for them scammers (ie. everybody, as they're all guilty until proven otherwise).

dont let anyone in between you and your private keys.

[Jonnybitc0in]

So with FC gone and all, is there any way left to transfer direct shares to havelock or other persons? If nobody can transfer shares out then asicminer officially enters scam territory. 

[Chris_Sabian]

So with FC gone and all, is there any way left to transfer direct shares to havelock or other persons? If nobody can transfer shares out then asicminer officially enters scam territory. 

I haven't heard of any other way besides FC.  The only shares that have any liquidity are on Havelock

[Fordee]

The only shares that have any liquidity are on Havelock

 .. and to expand further, only AM1 shares... because all the AM100's are technically owned by Havelock (as AM1's) and divided up further...

If nobody can transfer anything officially to/from buyer/seller, then technically, nobody with AM100 shares owns anything but Havelock's good will.

(No offense to Havelock or any insinuations of ill intent, just expanding on an ownership issue)

[gogxmagog]

So how much btc did FC empty from The AM wallet, anyway. I've seen the likely wallet, the one posted when this all came out early March. That one lost about 4/5s if I remember correctly. Like 38000 btc or something. And there's btc still in it too. Why wouldn't he just empty it? Hodling? Why would he need the specific amount? It's over a million. Seems like a clue, what is the logic?

This silence is killing me, the trail of roast cat is gone cold

[flyingplows]

Anybody knows how to contact Asicminer support? AMHash told that in order to withdraw the balance from amhash.com we have to contact Asicminer support,  because they sent money to them for some reason... I contacted support@bitquan.com, but no one responds. Or this is stolen also?

[Fabrizio89]

I don't know why you people are still losing time with this. Just report to the autorities and let it go, there's nothing else you can do, not even hope.