ASICMINER: Entering the Future of ASIC Mining by Inventing It

[WizKhalifa]

The real holders are screwed since they have no way to sell. They are true bag holders in this scam.

[1714058768]

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[gogxmagog]

Maybe we should ask these guys https://bitcointalk.org/index.php?topic=1023187.0 if they know something about the whereabout of asicminer's vanished miners that were hosted in mongolia?

I remember this
Wasn't it determined these guys have nothing to do with FC's exit?
I don't recall. The location is secret anyway, and if they're dealing with FC and stolen miners I'm pretty sure they won't talk.
It all makes me sick

[Timetwister]

So how big will be the next dividend?

[chriswilmer]

Serious question for US AM hodlers out there... how do you go about "abandoning" this investment for tax purposes? I'd happily sell my shares to someone for a penny, if I could... but I presume that would need a response from friedcat.

"Abandonment" of an investment is a real thing from the IRS's perspective, I've just never done it before. If you have experience, let me know!

[dhenson]

Serious question for US AM hodlers out there... how do you go about "abandoning" this investment for tax purposes? I'd happily sell my shares to someone for a penny, if I could... but I presume that would need a response from friedcat.

"Abandonment" of an investment is a real thing from the IRS's perspective, I've just never done it before. If you have experience, let me know!

Sign a message with the private key of the account you hold the shares under selling them to me for $1.  PM me your email address and I'll paypal you the payment (or obviously I could pay in btc). In the event FC comes back, your signed message would be sufficient for him to transfer me the shares so the sale should be binding. AFIAK

[chriswilmer]

Serious question for US AM hodlers out there... how do you go about "abandoning" this investment for tax purposes? I'd happily sell my shares to someone for a penny, if I could... but I presume that would need a response from friedcat.

"Abandonment" of an investment is a real thing from the IRS's perspective, I've just never done it before. If you have experience, let me know!

Sign a message with the private key of the account you hold the shares under selling them to me for $1.  PM me your email address and I'll paypal you the payment (or obviously I could pay in btc). In the event FC comes back, your signed message would be sufficient for him to transfer me the shares so the sale should be binding. AFIAK

Sounds reasonable. Let me double check with my lawyer.

Incidentally, I've been reading more about abandonment. I *think* this can be accomplished by sending friedcat an email saying something to the effect of "I relinquish all rights to my shares." Dated + signed with private key preferably.

[SebastianJu]

Serious question for US AM hodlers out there... how do you go about "abandoning" this investment for tax purposes? I'd happily sell my shares to someone for a penny, if I could... but I presume that would need a response from friedcat.

"Abandonment" of an investment is a real thing from the IRS's perspective, I've just never done it before. If you have experience, let me know!

Sign a message with the private key of the account you hold the shares under selling them to me for $1.  PM me your email address and I'll paypal you the payment (or obviously I could pay in btc). In the event FC comes back, your signed message would be sufficient for him to transfer me the shares so the sale should be binding. AFIAK

Be cautious. Friedcat had the dangerous behaviour to simply trust on the email address. I think it might have been possible to fake transfers with SMTP too when he was still around. He did not ask for any proof.

I only write that in case you hope for a good ending. For selling it with losses to you for tax reasons it is a fine thing.

[bitsalame]

Dividends incoming!

[ewibit]

Dividends incoming!

where?
here
https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
is nothing new...

[SebastianJu]

Dividends incoming!

That actually would be a really interesting turn of events. Though if that would happen i would imagine someone would send some satoshies to misuse the attention to try to advertise some project of his or so.

[chriswilmer]

Dear Brandon Lu / XY Jiang (aka "friedcat"),

As of Dec. 29th, 2015 (today), your records should show that I have 450 shares of ASICMINER associated with the shareholder address: 1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq

I am writing to let you know that I am permanently surrendering and relinquishing all rights to these 450 shares and, furthermore, that I have not received any payment or other consideration for them (i.e., they have not been sold or traded to anyone else).

You may update your records accordingly.

chriswilmer

P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you

[OgNasty]

Dear Brandon Lu / XY Jiang (aka "friedcat"),

As of Dec. 29th, 2015 (today), your records should show that I have 450 shares of ASICMINER associated with the shareholder address: 1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq

I am writing to let you know that I am permanently surrendering and relinquishing all rights to these 450 shares and, furthermore, that I have not received any payment or other consideration for them (i.e., they have not been sold or traded to anyone else).

You may update your records accordingly.

chriswilmer

P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you

For this message to carry any meaning whatsoever, it would need to be signed by the address mentioned above. 

[chriswilmer]

Dear Brandon Lu / XY Jiang (aka "friedcat"),

As of Dec. 29th, 2015 (today), your records should show that I have 450 shares of ASICMINER associated with the shareholder address: 1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq

I am writing to let you know that I am permanently surrendering and relinquishing all rights to these 450 shares and, furthermore, that I have not received any payment or other consideration for them (i.e., they have not been sold or traded to anyone else).

You may update your records accordingly.

chriswilmer

P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you

For this message to carry any meaning whatsoever, it would need to be signed by the address mentioned above. 

I don't think the IRS places that kind of burden-of-proof in its audits (obviously, since digital signatures have not spread to the mainstream yet... even most lawyers (!) I've spoken to don't know what they are). If the IRS required a digital signature during an audit, I could do that then.

As far as friedcat/ASICMINER, he hasn't required digital signatures for share transfers in the past (even if maybe he should have).

[dhenson]

P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you

Hah, no worries, I just hope this ends up being sufficient.

edit... However, based on the dividend history (https://blockchain.info/address/1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq) and the 11/24 dividend amount of 0.0000543/share, you had 650 shares, not 450.

[chriswilmer]

P.S. With apologies to "dhenson" -- trust me, if ASICMINER makes a roaring comeback, I'll be more upset about this than you

Hah, no worries, I just hope this ends up being sufficient.

edit... However, based on the dividend history (https://blockchain.info/address/1PYMwZt98TfTj8hWYKaEHUmubALqPC1Kgq) and the 11/24 dividend amount of 0.0000543/share, you had 650 shares, not 450.

Keen observation!

So, friedcat was still responsive for a few months after 11/24, and in that time he transferred 200 of my shares to Havelock (which, incredibly, could be sold instead of abandoned). Anyway, the dividend history is slightly out of date.

*sigh* Most of my investments in this space actually worked out really well... this one did not... a lesson learned!

[shmoula]

Looks like "to miss" people in China is daily routine. Maybe new supplies for labour camps?

Reports in the Chinese media suspect Zhou was picked up by the police, some asserting the reason is his association with fund manager Xu Xiang, who was arrested in November for insider trading.

http://www.forbes.com/sites/janeho/2016/01/08/chinese-fashion-retailer-metersbonwes-billionaire-chairman-zhou-chengjian-goes-missing/

[Temo58]

Hope these guys will suprise us with something that NO ONE in the market did untul now !!
To create a real mining rig that can beat the difficulty and make real ROI !!

[SebastianJu]

Hope these guys will suprise us with something that NO ONE in the market did untul now !!
To create a real mining rig that can beat the difficulty and make real ROI !!

In no way there is still a working company alive. They are dead in so many ways. Your hope is hopeless for sure.

I wonder what the police would find out when they investigate all the people that were near friedcat. Someone has to know something i think.

[irritant]

Hope these guys will suprise us with something that NO ONE in the market did untul now !!
To create a real mining rig that can beat the difficulty and make real ROI !!

In no way there is still a working company alive. They are dead in so many ways. Your hope is hopeless for sure.

I wonder what the police would find out when they investigate all the people that were near friedcat. Someone has to know something i think.

will they still be able to find anything if the evidence is completely fried?

[OgNasty]

Hope these guys will suprise us with something that NO ONE in the market did untul now !!
To create a real mining rig that can beat the difficulty and make real ROI !!

In no way there is still a working company alive. They are dead in so many ways. Your hope is hopeless for sure.

I wonder what the police would find out when they investigate all the people that were near friedcat. Someone has to know something i think.

will they still be able to find anything if the evidence is completely fried?

Difficult to say.  We'll have to wait and see what the cat drags in.