Vycid
Sr. Member
 Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
 |
August 21, 2013, 09:06:49 PM |
|
I don't care about low divs. I don't care about falling share price. What I only care about is WHERE IS FRIEDCAT'S UPDATE?!  Yifu was above reproach once. Now you're just spreading FUD. Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips. Fool me twice shame on me. |
|
|
|
Rebelution
Member
Offline
Activity: 70
Merit: 10
|
|
August 21, 2013, 09:16:11 PM |
|
I don't care about low divs. I don't care about falling share price. What I only care about is WHERE IS FRIEDCAT'S UPDATE?! Yifu was above reproach once. Now you're just spreading FUD. Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips. Yifu's commitment to customers is much different than Friedcat's commitment to his shareholders. Customers have a right to know why their products are not shipping and what has caused the delays. Friedcat does not accept pre-orders, so he has no commitment to keep customers up to date on the manufacturing. The one time he accepted pre-orders and missed the projected delivery date, he offered refunds and made things right. With respect to his commitment to shareholders, it is his management style to release limited info so as to keep competitors (as well as shareholders) in the dark. That is totally fine and its management's prerogative. If you do not like the limited communication, then do not purchase shares--it's that simple. Friedcat's commitment is to maximize value for shareholders, not to keep the speculators and short sellers informed of his activities. |
|
|
|
|
|
velacreations
|
|
August 21, 2013, 09:24:54 PM |
|
The one time he accepted pre-orders and missed the projected delivery date, he offered refunds and made things right.
He didn't sell pre-orders, a reseller did, and FC helped to make it right. But, it was not FC pre-selling. |
|
|
|
|
velacreations
|
|
August 21, 2013, 09:27:29 PM |
|
Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips.
Fool me twice shame on me.
So, because of another company and their handling of product, you're saying FC is somehow scamming us? |
|
|
|
|
|
Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
|
August 21, 2013, 09:31:05 PM |
|
Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips.
Fool me twice shame on me.
So, because of another company and their handling of product, you're saying FC is somehow scamming us? This argument was made when people warned about Yifu by pointing at Josh and BFL - "it's a different company!". Well, sure, but it proves the risks, no? I am saying your faith in FC is irrational. |
|
|
|
|
velacreations
|
|
August 21, 2013, 09:35:06 PM |
|
This argument was made when people warned about Yifu by pointing at Josh and BFL - "it's a different company!". Well, sure, but it proves the risks, no?
I am saying your faith in FC is irrational.
Well, my faith is based on his actions. I'm saying your criticism is irrational. "someone else is an ass, so everyone is an ass" |
|
|
|
Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
|
August 21, 2013, 09:38:32 PM |
|
This argument was made when people warned about Yifu by pointing at Josh and BFL - "it's a different company!". Well, sure, but it proves the risks, no?
I am saying your faith in FC is irrational.
Well, my faith is based on his actions. I'm saying your criticism is irrational. "someone else is an ass, so everyone is an ass" We're talking about ASIC companies here, not "everyone". There is a clear pattern and you should appreciate that risk. |
|
|
|
freedomno1
Legendary
Offline
Activity: 1848
Merit: 1096
Learning the troll avoidance button :)
|
|
August 21, 2013, 09:40:25 PM |
|
This time might be worth a Friedcat appearance
|
Believing in Bitcoins and it's ability to change the world
|
|
|
Rebelution
Member
Offline
Activity: 70
Merit: 10
|
|
August 21, 2013, 09:42:40 PM |
|
The one time he accepted pre-orders and missed the projected delivery date, he offered refunds and made things right.
He didn't sell pre-orders, a reseller did, and FC helped to make it right. But, it was not FC pre-selling. True, I glossed over that subtlety for the sake of brevity. |
|
|
|
|
OneBTCJay
Newbie
Offline
Activity: 27
Merit: 0
|
|
August 21, 2013, 09:46:01 PM |
|
Anyone else notice the hashrate climbing the past day? Was at 8% and now is at 12% according to http://blockchain.info/poolsWhat is the planned target hashrate for the soon to be added hardware? |
|
|
|
|
|
aahzmundus
|
|
August 21, 2013, 09:48:15 PM |
|
Anyone else notice the hashrate climbing the past day? Was at 8% and now is at 12% according to http://blockchain.info/poolsWhat is the planned target hashrate for the soon to be added hardware? It is a hashrate estimate... it is possible we are just getting lucky finding blocks / were unlucky before. Target has always been 10% of the network, although historically we were much higher. Why were we higher? Because Friedcat knew he needed to get ahead when he could, so when he fell he fell back to the Target, and not far below it. |
|
|
|
eleuthria
Legendary
Offline
Activity: 1750
Merit: 1007
|
|
August 21, 2013, 10:15:37 PM |
|
Anyone else notice the hashrate climbing the past day? Was at 8% and now is at 12% according to http://blockchain.info/poolsWhat is the planned target hashrate for the soon to be added hardware? It is a hashrate estimate... it is possible we are just getting lucky finding blocks / were unlucky before. Target has always been 10% of the network, although historically we were much higher. Why were we higher? Because Friedcat knew he needed to get ahead when he could, so when he fell he fell back to the Target, and not far below it. Don't forget that the initial deployments were put into production assuming there would already be competing products on the market, which meant ASICMINER heavily over-shot the target percentage of the network. ASICMINER was planned to come out *after* BFL and Avalon deployment, and ended up beating both to the punch (the only other ASICs that existed at the time were the units given to jgarzik and Bitcoin Foundation). |
RIP BTC Guild, April 2011 - June 2015
|
|
|
|
ThickAsThieves
|
|
August 21, 2013, 10:25:50 PM |
|
Just popping in with an update that I've been flying all day and that's why I haven't paid out our various TATI AM PT divs as quickly as usual.
I'm back and catching up now.
|
|
|
|
|
Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
|
August 21, 2013, 10:26:54 PM |
|
@canth
I'm loving the shakeup. I got back onboard at 3.7 - and after seeing everyone freak out about low divs or other IPOs, I am glad to see the weak hands leave the boat.
In the end, some play it speculatively, others invest.
Yup - I've got no problem with the panic sells (of a few shares). The real price for any share is what you can sell > 0.1% of the shares for, in the case of AM at least 400. I don't remember seeing more than a few shares go for over 5 BTC nor do I think that anyone would sell 400 shares for under 3.5 BTC today. It's funny because this scenario is even more exaggerated on other stocks that don't frequently trade as much volume as AM does. Then people REALLY freak when the price plunges or takes off, even though only a few shares traded hands. In general, as much as the prices fluctuate and as much as there's a noisy minority of disruptive shareholders posting incendiary crap, the majority of investors seem comfortable to buy and hold. If they didn't, the share volume traded would be much higher. I'm looking forward to seeing what kind of an operation Friedcat (and his competition) will be running in 6-12 months or more. Hey, is 1000 more than 400? |
|
|
|
MrMochi
Newbie
Offline
Activity: 49
Merit: 0
|
|
August 21, 2013, 10:43:02 PM |
|
Hey, is 1000 more than 400?
Haha even though my blood is in the streets that comment had me laughing. Well played on all fronts. |
|
|
|
|
|
lophie
|
|
August 21, 2013, 10:51:20 PM |
|
I have tears in my eyes because I don't have coins to buy those shares....... Lets just see the divs and update and then the flood will come....
|
Will take me a while to climb up again, But where is a will, there is a way...
|
|
|
canth
Legendary
Offline
Activity: 1442
Merit: 1001
|
|
August 21, 2013, 10:51:54 PM |
|
Hey, is 1000 more than 400? Worse, he just dropped the price to 2.7 BTC. I admit - I'm surprised it's that low and I predict that they get snapped up in < 24 hours. It feels like a forced sell due to needing funds in a short period of time. |
|
|
|
|
bobboooiie
|
|
August 21, 2013, 10:53:15 PM |
|
He downed the price to 2.7
|
|
|
|
|
Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
|
|
August 21, 2013, 10:58:40 PM |
|
Hey, is 1000 more than 400? Worse, he just dropped the price to 2.7 BTC. I admit - I'm surprised it's that low and I predict that they get snapped up in < 24 hours. It feels like a forced sell due to needing funds in a short period of time. You'd better start assimilating new information before it's too late. There is a reason somebody would dump millions USD at 'below market'- he knows it won't sell at current prices. The whales don't believe in AM anymore and there was never 160M of value here. |
|
|
|
|
