ASICMINER: Entering the Future of ASIC Mining by Inventing It

[dhenson]

Haven't checked in for a while... still no word on the friedcat?

[freedomno1]

Haven't checked in for a while... still no word on the friedcat?

Inserts the sound of Fried Crickets
Just ghosts in here dhenson

Lol speaking of memory lane Remember this
https://bitcointalk.org/index.php?topic=235763.5320

[jdany]

Weak hands...

[SebastianJu]

Weak hands...

 

It would need balls of steel to still believe that friedcat is on a business decision to work "officially" in silent afterwards and buy back all of his companies shares for pennies, claiming he worked on the next big hit only.

In practice still holding would be nuts when thinking this will end well. Holding because the shares are nothing worth anyway anymore is a different thing.

[SebastianJu]

Weak hands...

 

It would need balls of steel to still believe that friedcat is on a business decision to work "officially" in silent afterwards and buy back all of his companies shares for pennies, claiming he worked on the next big hit only.

In practice still holding would be nuts when thinking this will end well. Holding because the shares are nothing worth anyway anymore is a different thing.

+1, many of us said "all the way to zero" and it wasn't just talk. Its a shame a lot got burned with speculative trading but the IPO was a huge success.

And friedcat was one of the rare occassions of a businessman that really could make a thing work. Though one could wonder if it was luck only since it seems only the first asic was a real success.

And for sure you have to criticise that he held the only keys to the riches of the company. That was stupid.

In my opinion it was unevitable that this amount of money was attracting the attention of the organized crimes. Tryads in china maybe. I mean why rob a bank for a measly 5k USD, with all the risk included, when you only need to rob a cat and fry it to get what... millions?

[!! pop]

...
In my opinion it was unevitable that this amount of money was attracting the attention of the organized crimes. Tryads in china maybe. I mean why rob a bank for a measly 5k USD, with all the risk included, when you only need to rob a cat and fry it to get what... millions?

*Triad (though I heard it was Mongolian pirates)
Yes, Triad is exactly right! Just like TF and Ukyo and all the rest of the great bitcoin financiers, who gave their lives so that others may live.
NeoBee Danny too, those Triads threatened his daughter, if I remember right.
Organized krymes They just ain't got no scruples!

[SebastianJu]

I kind of lost track of the "have you seen this cat?" bit, the trolling was ridiculous and the competition was hotting up and coming out with all kinds of extravagant claims so I thought it was better if they either backed off and looked for another direction or held off altogether while the rat race cut each other down.

It's a shame they didn't hold off on the dividends when things where at their peak to have a big stash to take things to the next level but it would likely have got eaten through regardless of how big it was. Hope they're all doing well wherever they are, you'd never know it from looking through most of the thread but this was the turning point where Bitcoin became too big to kill

I don't think holding off dividens would have been a help for asicminer. They never had too few money. They were really rich so that holding back was not necessary nor would it have changed something.

[SebastianJu]

...
In my opinion it was unevitable that this amount of money was attracting the attention of the organized crimes. Tryads in china maybe. I mean why rob a bank for a measly 5k USD, with all the risk included, when you only need to rob a cat and fry it to get what... millions?

*Triad (though I heard it was Mongolian pirates)
Yes, Triad is exactly right! Just like TF and Ukyo and all the rest of the great bitcoin financiers, who gave their lives so that others may live.
NeoBee Danny too, those Triads threatened his daughter, if I remember right.
Organized krymes They just ain't got no scruples!

Well NotLambChop, we know that these others didn't vanish so strange like friedcat vanished. Most of them are known to be alive. But friedcat was gone in an instant, even letting his wife behind. Well, you can't say if he loved his wife but his wife called the police, so she might have loved him.

I think the vanishing of friedcat is a different level of mystery. Sure, it can be that he vanished on his own. But i simply see it unlikely that organized crime would have overseen such a low risk target. Only because we didn't really see things like that happen before doesn't mean that it is unlikely.

[freedomno1]

...
In my opinion it was unevitable that this amount of money was attracting the attention of the organized crimes. Tryads in china maybe. I mean why rob a bank for a measly 5k USD, with all the risk included, when you only need to rob a cat and fry it to get what... millions?

*Triad (though I heard it was Mongolian pirates)
Yes, Triad is exactly right! Just like TF and Ukyo and all the rest of the great bitcoin financiers, who gave their lives so that others may live.
NeoBee Danny too, those Triads threatened his daughter, if I remember right.
Organized krymes They just ain't got no scruples!

Well NotLambChop, we know that these others didn't vanish so strange like friedcat vanished. Most of them are known to be alive. But friedcat was gone in an instant, even letting his wife behind. Well, you can't say if he loved his wife but his wife called the police, so she might have loved him.

I think the vanishing of friedcat is a different level of mystery. Sure, it can be that he vanished on his own. But i simply see it unlikely that organized crime would have overseen such a low risk target. Only because we didn't really see things like that happen before doesn't mean that it is unlikely.

I assume that organized crime in China must be some scary crap if he had to leave everything behind, that said it is a mystery since I can't remember if we have his name or even know what happened to him afterwards, speaking of Neobee that is another asset that had a lot of PR then bam next day its gone.
(In other words sketch) he-he remembers Smidge man that was a failure trying to invest on all havelock assets till they went to nil lol.

[!! pop]

...
In my opinion it was unevitable that this amount of money was attracting the attention of the organized crimes. Tryads in china maybe. I mean why rob a bank for a measly 5k USD, with all the risk included, when you only need to rob a cat and fry it to get what... millions?

*Triad (though I heard it was Mongolian pirates)
Yes, Triad is exactly right! Just like TF and Ukyo and all the rest of the great bitcoin financiers, who gave their lives so that others may live.
NeoBee Danny too, those Triads threatened his daughter, if I remember right.
Organized krymes They just ain't got no scruples!

Well NotLambChop, we know that these others didn't vanish so strange like friedcat vanished. Most of them are known to be alive. But friedcat was gone in an instant, even letting his wife behind. Well, you can't say if he loved his wife but his wife called the police, so she might have loved him.

I think the vanishing of friedcat is a different level of mystery. Sure, it can be that he vanished on his own. But i simply see it unlikely that organized crime would have overseen such a low risk target. Only because we didn't really see things like that happen before doesn't mean that it is unlikely.

Friedcat vanished 'in an instant'? News to me. He posted last when, last Jan? Claims of his heartbroken wife calling the police are as credible as Danny's tales of daughter being threatened, Ukyo's gag order, and Mongolian Pirates catching up to friedcat for stealing electricity from a government sausage factory.
Hilarious? Sure. Verifiable? No.

Not saying that organized crime wasn't involved, that all depends on how you define 'organized crime,' just that it wasn't involved in the way you think.

[Plento]

How do we know his wife, out of curiosity?

[Lincoln6Echo]

How do we know his wife, out of curiosity?

I think this Amhash guy talked about this ,,friedcat left without contacting his wife etc''. Bullshit. I think it was a planned exit. That yould explain the  pics of the former abandoned office of asciminer, too.
The office got cleared and not a single person knows where friedcat moved exaclty? Srly?

[SebastianJu]

How do we know his wife, out of curiosity?

I think this Amhash guy talked about this ,,friedcat left without contacting his wife etc''. Bullshit. I think it was a planned exit. That yould explain the  pics of the former abandoned office of asciminer, too.
The office got cleared and not a single person knows where friedcat moved exaclty? Srly?

Weren't the offices abandoned because the employees didn't get their payment anymore and nobody knew where friedcat was and nobody had seen him?

This is really way too strange. I don't understand why there are no big shareholders investigating. I mean there should be a lot chines shareholders. They could speak with every former employee and collect all info. Then find out what might have happened.

[Blazed]

Multiple product failures so he decided to cut and run. Not sure why anyone would even consider some other possibility.

[SebastianJu]

Multiple product failures so he decided to cut and run. Not sure why anyone would even consider some other possibility.

I mean it really can't be that hard for shareholders in china to investigate this, isn't it? Check out his wife, his employers and all. And surely you will get your own image of everything. Alone that fact that we "believe" that the story about his wife is only an invention is stupid somehow. Nobody can check it? Really? That sounds unbelieveable.

If i would have been heavily invested AND still had enough money to do it, i surely would fly there for a month and check everything out. That this didn't happen is puzzling me... really. Nothing but mist clouds in this case.

[dhenson]

Multiple product failures so he decided to cut and run. Not sure why anyone would even consider some other possibility.

I mean it really can't be that hard for shareholders in china to investigate this, isn't it? Check out his wife, his employers and all. And surely you will get your own image of everything. Alone that fact that we "believe" that the story about his wife is only an invention is stupid somehow. Nobody can check it? Really? That sounds unbelieveable.

If i would have been heavily invested AND still had enough money to do it, i surely would fly there for a month and check everything out. That this didn't happen is puzzling me... really. Nothing but mist clouds in this case.

Shortly before everything went down, Jutarul flew to China and met with Friedcat and Co.  Then, when he first disappeared and everyone was speculating (March 3rd 2015), Friedcats main mining address where his funds were being placed paid out 3 large payments (5456btc, 2125btc and 9650 btc transactions).  

https://blockchain.info/address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW

My assumption has been that he paid off the largest holders and ran. This is obviously compete speculation on my part.

[Lincoln6Echo]

Multiple product failures so he decided to cut and run. Not sure why anyone would even consider some other possibility.

I mean it really can't be that hard for shareholders in china to investigate this, isn't it? Check out his wife, his employers and all. And surely you will get your own image of everything. Alone that fact that we "believe" that the story about his wife is only an invention is stupid somehow. Nobody can check it? Really? That sounds unbelieveable.

If i would have been heavily invested AND still had enough money to do it, i surely would fly there for a month and check everything out. That this didn't happen is puzzling me... really. Nothing but mist clouds in this case.

Shortly before everything went down, Jutarul flew to China and met with Friedcat and Co.  Then, when he first disappeared and everyone was speculating (March 3rd 2015), Friedcats main mining address where his funds were being placed paid out 3 large payments (5456btc, 2125btc and 9650 btc transactions).  

https://blockchain.info/address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW

My assumption has been that he paid off the largest holders and ran. This is obviously compete speculation on my part.

Well, that assumption makes sense. How do you know Jutarul flew there just before Friedcat disappeared? A couple of month ago I asked Jutarul via  PM whether he got some information about this whole asicminer situation but never got any reply.

[SebastianJu]

Hm, sounds like an interesting idea. Though you would have to assume that the largest shareholders would all be ok with screwing everyone then. I know many scammers are in bitcoin world but i somehow doubt that this could easily happen.

Though maybe it was no payout for the largest shareholders but for friedcats direct partners he built the company from the ground. There were a couple of them right? Three maybe?

And would the amount of bitcoins paid out make sense as a payment for the success of the company and for keeping silent over all things happened? I think they would not be happy if friedcat would take a enourmous share and they get, comparable, peanuts.

[dhenson]

Well, that assumption makes sense. How do you know Jutarul flew there just before Friedcat disappeared? A couple of month ago I asked Jutarul via  PM whether he got some information about this whole asicminer situation but never got any reply.

I looked back through my PM history and his trip to China was Nov. so not immediately before, but close enough.

[kunac]

How's my investment?