empoweoqwj
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June 26, 2013, 02:02:13 PM |
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Reminder / UpdateThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on. Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat. The last round was a big success, so we will continue doing this for the foreseeable future. The questions are available for voting here: https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewformHere are the results so far (183 votes): 1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9 2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02 3) Do you have plans for a retail website? - 3.3 4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94 5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1 6) When can we expect the first financial report? - 3.65 7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98 8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12 9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98 10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9Please note: Voting has NOT closed! You can (and should) still vote! What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score. Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.
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ThickAsThieves
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June 26, 2013, 02:04:37 PM |
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Reminder / UpdateThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on. Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat. The last round was a big success, so we will continue doing this for the foreseeable future. The questions are available for voting here: https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewformHere are the results so far (183 votes): 1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9 2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02 3) Do you have plans for a retail website? - 3.3 4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94 5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1 6) When can we expect the first financial report? - 3.65 7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98 8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12 9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98 10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9Please note: Voting has NOT closed! You can (and should) still vote! What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score. Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah. The question is one of goals and strategy, not one of guarantees.
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binaryFate
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Still wild and free
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June 26, 2013, 02:07:03 PM |
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What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score.
Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.
The wording "current goal" does not suggest any guarantee, I don't know where you got that. What is important is the target they're aiming at.
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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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binaryFate
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Still wild and free
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June 26, 2013, 02:09:21 PM |
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@TAT (or one of the other guys taking care of the questions):
What do you mean by "fees" in the last question? If it's transactions fees it is part of mining, are you then speaking about something else?
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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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nubbins
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June 26, 2013, 02:11:08 PM |
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And being "forced to sell" and taking a huge profit is a problem in what respect?
Nobody ever went bust taking a huge profit.
I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker. Long-time shareholders are already filthy rich, but now feel as if they're being forced into action. As far as problems go, this isn't a major one ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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canth
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June 26, 2013, 02:18:58 PM |
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And being "forced to sell" and taking a huge profit is a problem in what respect?
Nobody ever went bust taking a huge profit.
I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker. Long-time shareholders are already filthy rich, but now feel as if they're being forced into action. As far as problems go, this isn't a major one ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Heh, no - I don't think that they'll mind taking a huge profit, but I for one still want to have a few patient investors with a steady hand to anchor the price. Personally I'd prefer that to seeing it whipsaw back and forth with a bunch of investors that react to short term fluctuations in hash rates or hardware sales. The trader sure doesn't, but to each their own. Also, most the long-time shareholders are probably only filthy rich if they've unloaded a huge portion of their shares, recently. Wealthy, no doubt - filthy rich? I don't think anyone has retired just yet. AM IPO investors - feel free to send pics of your yacht purchased with BTC if I'm wrong. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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matt_boyd
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June 26, 2013, 02:41:19 PM |
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Not the worst, I can't wait for the new products to come out, that will be exciting time, by the way TAT, liking the sarcasm, it give me a chuckle.
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tkone
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June 26, 2013, 02:50:35 PM |
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3.4 wall is good, actually even good if a dropped cheaper, means we can reinvest dividends to buy more shares for cheaper, i know everyone wants price of shares to rise, but look on the bright side, we have a benefit of it staying or even getting lower ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Mnw
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June 26, 2013, 02:54:50 PM |
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Expecting share price drops again after dividends announcement..
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velacreations
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June 26, 2013, 02:56:12 PM |
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3.4 wall is good, actually even good if a dropped cheaper, means we can reinvest dividends to buy more shares for cheaper, i know everyone wants price of shares to rise, but look on the bright side, we have a benefit of it staying or even getting lower ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) what wall are you talking about? I don't see one, only significant sell orders at 3.5
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velacreations
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June 26, 2013, 02:56:49 PM |
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Expecting share price drops again after dividends announcement..
I kinda doubt this will happen again this week. it may drop slightly, but don't expect 15% like last week.
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runeks
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June 26, 2013, 03:00:32 PM |
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Expecting share price drops again after dividends announcement..
I kinda doubt this will happen again this week. it may drop slightly, but don't expect 15% like last week. If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.
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Eric Muyser
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You can't kill math.
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June 26, 2013, 03:02:15 PM |
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Expecting share price drops again after dividends announcement..
I kinda doubt this will happen again this week. it may drop slightly, but don't expect 15% like last week. I'm thinking only 5-10% is possible.
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@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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Birdy
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June 26, 2013, 03:04:39 PM |
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If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.
So in a balanced market the price will drop each week by the dividends until it hits zero? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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neilol
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June 26, 2013, 03:06:08 PM |
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If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.
So in a balanced market the price will drop each week by the dividends until it hits zero? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) No. The price will then subsequently rise by the expected amount of the next dividend over the course of the week (at a pace that reaches equilibrium with the markets discount rate for the security).
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ThickAsThieves
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June 26, 2013, 03:07:19 PM |
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Expecting share price drops again after dividends announcement..
I kinda doubt this will happen again this week. it may drop slightly, but don't expect 15% like last week. I'm thinking only 5-10% is possible. Anything is possible, including breaking 3btc.
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nubbins
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June 26, 2013, 03:11:57 PM |
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If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.
So in a balanced market the price will drop each week by the dividends until it hits zero? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) No. The price will then subsequently rise by the expected amount of the next dividend over the course of the week (at a pace that reaches equilibrium with the markets discount rate for the security). With a 0.017 per share dividend, we're talking about a drop from, say, BTC3.417 to BTC3.400. That's a pretty small drop to try measuring.
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SmiGueL
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June 26, 2013, 03:14:00 PM Last edit: June 26, 2013, 04:52:16 PM by SmiGueL |
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friedcat (& co) of course ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I expect it to go to ~400 or ~800 in a few hours. Then you'll get about 0.015/share w/o hardware sales ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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