ThickAsThieves
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June 13, 2013, 08:41:11 PM Last edit: June 13, 2013, 08:51:15 PM by ThickAsThieves |
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I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
They have ample reserves we asked that question a while back ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I think he was talking about a "transfer fee" of 1-1.5% per transfer This could actually add MORE work to Friedcat if you think about it... it would also drive more shares to the exchanges. I think eventually all the shares except board seats will end up on the PTs anyway.
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tinus42
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June 13, 2013, 08:51:05 PM |
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FYI. Avalon chips are built by TSMC.
Oh ok, so they are made in Taiwan. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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hammurabi
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June 13, 2013, 09:11:08 PM |
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It was intended to look like it, but I revealed its true meaning! Only one device works out of every 1337.
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BTC: 1Hpk4rWpP3gACJhXHn8VkeNp4usdQmfuVY LTC: LM5p7X9dTsWj14G2VQeJKuntVUc6GsPnDp
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binaryFate
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June 13, 2013, 09:30:37 PM |
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I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another
Then don't call it shares.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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tomywomy
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June 13, 2013, 09:34:34 PM |
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I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company not including them in dividends of course. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
He pays dividends out of revenues minus expenses. If there are expenses associated with managing the book of share owners, then the dividends are reduced accordingly. Please don't suggest that our dividends be reduced in another manner or that a new fee be charged for transacting in shares.
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binaryFate
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June 13, 2013, 09:48:01 PM |
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BTC/USD being shit, at least the shares price gives something to be happy. If the divs keep consistent in the next few weeks, it should continue to rise since they were priced at 2.5 since a while based on lower average shares. Keep on the good hardware sales ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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philipma1957
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'The right to privacy matters'
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June 13, 2013, 09:53:53 PM |
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As I see it AM has three 'weaknesses' that they can't stop but can plan for;
1) China could decide to shut them down. Friedcat has made statements of building more mining locations
2) A disaster could destroy the mining building (think western digital floods) Friedcat has made statements that multiple mining plants will be built outside of China.
3) BFL ,Avalon, unknown ASIC co etc could build more gear faster and cheaper the AM. Friedcat has made statements that new AM chips will come out in OCT.
I bailed at 2.5 btc took profits of 30 btc. I will watch and wait for now. I will also sell off all my pc's from my gpu farms. I still think AM is selling sticks at an insanely high price along with blades. The gear is selling and boosting dividends but I do not see how this can continue. BFL keeps shipping gear out sooner or later people will stop buying AM gear at the prices it sells for.
What is break even for a stick 300 days?
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radiumsoup
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June 13, 2013, 10:07:04 PM |
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I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company not including them in dividends of course. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
That's a REALLY large fee. Exchanges charge much less for transfers, for instance 0.2% (to each side) with BTC-TC. Granted, exchanges are automated, but that's exactly the point - you'd expect automated transfers to be MORE expensive than a manual transfer because of the added speed and convenience the automation brings. I'd be fine with a fee if it were less than what the passthroughs/3rd party exchanges provide, otherwise one would lose an important benefit of having direct shares - the ability to transfer shares cheaper than on an exchange. (The primary benefit, of course, being an absence of the need for trusting a 3rd party to hold your direct shares on account as is required for the passthrough/3rd party exchange shares.)
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PGP fingerprint: 0x85beeabd110803b93d408b502d39b8875b282f86
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velacreations
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June 13, 2013, 10:38:43 PM |
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As I see it AM has three 'weaknesses' that they can't stop but can plan for;
1) China could decide to shut them down. Friedcat has made statements of building more mining locations
2) A disaster could destroy the mining building (think western digital floods) Friedcat has made statements that multiple mining plants will be built outside of China.
3) BFL ,Avalon, unknown ASIC co etc could build more gear faster and cheaper the AM. Friedcat has made statements that new AM chips will come out in OCT.
I bailed at 2.5 btc took profits of 30 btc. I will watch and wait for now. I will also sell off all my pc's from my gpu farms. I still think AM is selling sticks at an insanely high price along with blades. The gear is selling and boosting dividends but I do not see how this can continue. BFL keeps shipping gear out sooner or later people will stop buying AM gear at the prices it sells for.
What is break even for a stick 300 days?
again with this? Do we have to hear about how you think AM can't continue to succeed on a daily basis? Ok, you sold out, great for you! Good luck with your future ventures, and I hope BFL does well for you. Now, can we keep this discussion for current shareholders, please?
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VJain
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June 13, 2013, 10:42:01 PM |
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As I see it AM has three 'weaknesses' that they can't stop but can plan for;
1) China could decide to shut them down. Friedcat has made statements of building more mining locations
2) A disaster could destroy the mining building (think western digital floods) Friedcat has made statements that multiple mining plants will be built outside of China.
3) BFL ,Avalon, unknown ASIC co etc could build more gear faster and cheaper the AM. Friedcat has made statements that new AM chips will come out in OCT.
I bailed at 2.5 btc took profits of 30 btc. I will watch and wait for now. I will also sell off all my pc's from my gpu farms. I still think AM is selling sticks at an insanely high price along with blades. The gear is selling and boosting dividends but I do not see how this can continue. BFL keeps shipping gear out sooner or later people will stop buying AM gear at the prices it sells for.
What is break even for a stick 300 days?
again with this? Do we have to hear about how you think AM can't continue to succeed on a daily basis? Ok, you sold out, great for you! Good luck with your future ventures, and I hope BFL does well for you. Now, can we keep this discussion for current shareholders, please? Even if dividends and network hashrate drop, we're still undervalued - seeing as we're the highest, consistently, paying asset out there (feel free to correct me if I'm wrong, because I'd love to invest in that other asset ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ) - and 1.5%+ weekly dividend is outrageous. My personal opinion is the stock will eventually balance out to about a 25-30% APR value, and not lower (at which point, there are many other better returning assets)... leaving much room for the asset value to still rise.
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Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
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Birdy
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June 13, 2013, 10:45:35 PM |
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Seems like price is dropping again, because BTC price is tanking. I hope I am able to snatch some shares below 2.4 again ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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freedomno1
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June 13, 2013, 10:46:07 PM Last edit: June 13, 2013, 11:43:31 PM by freedomno1 |
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I bailed at 2.5 btc took profits of 30 btc. I will watch and wait for now. I will also sell off all my pc's from my gpu farms. I still think AM is selling sticks at an insanely high price along with blades. The gear is selling and boosting dividends but I do not see how this can continue. BFL keeps shipping gear out sooner or later people will stop buying AM gear at the prices it sells for.
What is break even for a stick 300 days?
Locking in profits is never a bad idea so congrats on making 30 BTC I probably bought you out if that was the 1994 on the passthru sold it all at 2.6 and that's cheap ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) B/E profit in 365 days is more like 75% return on your initial investment from 2.5 from dividends not accounting for growth At 0.0261 its 68.67% Conservative at 0.025 would be lower but still pretty nice We broke a wall Friedcat said if I read that correctly anything on market will be outmatched (I assume that also includes BFL) And In execution I believe in the team no one else has actually put their money where their mouth is ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) (But if it goes down to 2.5 I'll take as many as I can get lols) Adjusting for currency exchange rates as someone seems to like flushing out the weak hands every weekend Bet they get dividends on Wednesdays XD 1. They will arrive at October as their earliest. The specs are unknown (only simulation results at this moment), but surely they will be much better than all available similar products in the market now. (On B/E for the sticks can use BFL's difficulty chart)
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Believing in Bitcoins and it's ability to change the world
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binaryFate
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June 13, 2013, 10:57:35 PM |
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if I read that correctly anything on market will be outmatched (I assume that also includes BFL)
surely they will be much better than all available similar products in the market now.
Sorry to insist again, but in October the market will be different, and Friedcat never said that things at that time will be outmatched. I'm just sticking literaly to the exact wording, because I believe it can have its importance so don't misunderstand his statement. We're far from being sure to outmatch the market in October technologically, or in terms of price, or delivery, or whatever.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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freedomno1
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June 13, 2013, 10:59:35 PM |
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if I read that correctly anything on market will be outmatched (I assume that also includes BFL)
surely they will be much better than all available similar products in the market now.
Sorry to insist again, but in October the market will be different, and Friedcat never said that things at that time will be outmatched. I'm just sticking literaly to the exact wording, because I believe it can have its importance so don't misunderstand his statement. We're far from being sure to outmatch the market in October technologically, or in terms of price, or delivery, or whatever. Until I see other companies actually doing something not just posturing will hold my opinion ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That said I do watch the competitors as well information is important ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) (Klondike might actually be faster than anyone else atm still in prelims but actually see the development happening of course ASICMINER is confidential but they are the leaders and I trust them to bring out a top-line product)
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Believing in Bitcoins and it's ability to change the world
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ThickAsThieves
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June 13, 2013, 11:02:17 PM |
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if I read that correctly anything on market will be outmatched (I assume that also includes BFL)
surely they will be much better than all available similar products in the market now.
Sorry to insist again, but in October the market will be different, and Friedcat never said that things at that time will be outmatched. I'm just sticking literaly to the exact wording, because I believe it can have its importance so don't misunderstand his statement. We're far from being sure to outmatch the market in October technologically, or in terms of price, or delivery, or whatever. Keep a few more things in mind: 1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value. 2. Friedcat tends to underpromise and overdeliver. 3. AM likely has other products and tricks up its sleeve. 4. No one else has demonstrated a guarantee of best-in-class mining equipment being delivered before October. Some may have goals, but only time will tell.
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BitAddict
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June 13, 2013, 11:11:33 PM |
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if I read that correctly anything on market will be outmatched (I assume that also includes BFL)
surely they will be much better than all available similar products in the market now.
Sorry to insist again, but in October the market will be different, and Friedcat never said that things at that time will be outmatched. I'm just sticking literaly to the exact wording, because I believe it can have its importance so don't misunderstand his statement. We're far from being sure to outmatch the market in October technologically, or in terms of price, or delivery, or whatever. Keep a few more things in mind: 1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value. 2. Friedcat tends to underpromise and overdeliver. 3. AM likely has other products and tricks up its sleeve. 4. No one else has demonstrated a guarantee of best-in-class mining equipment being delivered before October. Some may have goals, but only time will tell. +1 And +9999 to point 2. All other ASIC sellers promise too much and they're always late. AsicMiner do the opposite. Now I feel really bad for selling @ 2,5 btc ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif)
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binaryFate
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June 13, 2013, 11:14:56 PM |
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1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value.
With technological gaps comes value, that's why there is a consensus that it is so critical to jump quickly and properly on gen2. 2. Friedcat tends to underpromise and overdeliver. 3. AM likely has other products and tricks up its sleeve. 4. No one else has demonstrated a guarantee of best-in-class mining equipment being delivered before October. Some may have goals, but only time will tell.
+1 ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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freedomno1
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June 13, 2013, 11:18:37 PM |
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Keep a few more things in mind:
1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value. 2. Friedcat tends to underpromise and overdeliver. 3. AM likely has other products and tricks up its sleeve. 4. No one else has demonstrated a guarantee of best-in-class mining equipment being delivered before October. Some may have goals, but only time will tell.
+1 + 2 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) And +9999 to point 2. (ITS OVER 9000 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ) All other ASIC sellers promise too much and they're always late. AsicMiner do the opposite. Now I feel really bad for selling @ 2,5 btc ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) Well there is always those currency fluctuation opportunities
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Believing in Bitcoins and it's ability to change the world
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