Jutarul
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December 16, 2013, 09:30:11 PM |
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principally, the franchise business model would completely bypass the regulation, since there is no purchase involved. It's more or less a hosting agreement which never involves any cash flow (since bitcoin is not considered currency).
Importing legally might prove not so easy. Elaborate please. Not sure what you're referring to with "importing legally". |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Voodah
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December 16, 2013, 09:49:47 PM |
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principally, the franchise business model would completely bypass the regulation, since there is no purchase involved. It's more or less a hosting agreement which never involves any cash flow (since bitcoin is not considered currency).
Importing legally might prove not so easy. Elaborate please. Not sure what you're referring to with "importing legally". Nothing. My bad. It was a mind fart. |
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hdbuck
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December 16, 2013, 11:21:39 PM |
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DiabloD3
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DiabloMiner author
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December 17, 2013, 12:12:17 AM |
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Can someone tell me why friedcat is no longer processing AM transfers?
I got last wednesday and the wednesday before mails form friedcat claiming he moved shares. Always before the divs. Maybe try a different email because you might be in a spamfolder? I don't do it through email, I do it through forum PM. The forum doesn't have spam filtering. Has he announced hes no longer checking forum PMs? |
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Equilux
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December 17, 2013, 01:10:13 AM |
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explorer
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December 17, 2013, 02:09:57 AM |
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looks like that was from 10 days ago? not the recent news? |
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Endlessa
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December 17, 2013, 03:29:10 AM |
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looks like that was from 10 days ago? not the recent news? please link to the "more recent" one, cuz it seems like peeps are just rehashing the same on for 10 days |
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Endlessa
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December 17, 2013, 03:34:40 AM |
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looks like that was from 10 days ago? not the recent news? please link to the "more recent" one, cuz it seems like peeps are just rehashing the same on for 10 days If you mean this: http://forexmagnates.com/china-bans-payment-firms-from-working-with-bitcoin-exchanges/then: It's just the bank expressing what the chinese government expressed, Banks and traditional money services are being walled off from bitcoin. their fear is that if bitcoin fails, the gov would have to prop it up to keep their currency from going down with it. China will have to find a "local bitcoins" type solution to get into bitcoin. . .or buy miners. Products have to be denominated in Yuan, but it doesn't mean that can't be converted to a bitcoin value for payment. Unless you have another source that is a quote from a quote. basically people can do bitcoins, but china's financial system has to stay the fuck out of it, because at this point they want to take a wait and see if it fails, before trusting their economy to it Edit: further more, buying a miner with btc to mine btc is pointless. BUT, buying one with fiat to get BTC is why they exist in the first place. The model of selling miners for BTC is a fail model, AM could really use this to it's advantage, if they can capitalize in yuan. then leave their mining profits in BTC, but use yuan to pay their supply line |
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velacreations
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December 17, 2013, 03:48:17 AM |
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Edit: further more, buying a miner with btc to mine btc is pointless. BUT, buying one with fiat to get BTC is why they exist in the first place. The model of selling miners for BTC is a fail model, AM could really use this to it's advantage, if they can capitalize in yuan. then leave their mining profits in BTC, but use yuan to pay their supply line
I agree with this. We may see an increase in demand for mining equipment in China. |
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empoweoqwj
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December 17, 2013, 07:12:02 AM |
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Wouldn't potential investors dilute AM-share profits/dividends? Or is this a good thing (stability, bigger ventures,...)?
Depends on what they are investing in. Right now the BTC community sees little reason to invest in AM because they basically aren't performing, so curious to see why others would pile money into this venture right now. The BTC community is incredibly short-sighted. Investors are called investors for a reason. They look beyond a week. |
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empoweoqwj
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December 17, 2013, 07:14:37 AM |
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I do believe its December 17th in Asia. I should know really as I live here  Let's hope we get some kind of well-translated report from the meeting, but I guess it might all be private? |
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minerpumpkin
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December 17, 2013, 11:35:44 AM |
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I do believe its December 17th in Asia. I should know really as I live here Let's hope we get some kind of well-translated report from the meeting, but I guess it might all be private? I think FC is acquiring people/companies/investors who will be buying the gen 3 chips for use in their own equipment and/or franchised hosting. I don't we'll be seeing a fully-fledged report but rather (maybe) a side note in an upcoming announcement "a meeting has been held to discuss deployment of gen 3 hardware" |
I should have gotten into Bitcoin back in 1992...
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reactor
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December 17, 2013, 12:58:22 PM |
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Wouldn't potential investors dilute AM-share profits/dividends? Or is this a good thing (stability, bigger ventures,...)?
Depends on what they are investing in. Right now the BTC community sees little reason to invest in AM because they basically aren't performing, so curious to see why others would pile money into this venture right now. The BTC community is incredibly short-sighted. Investors are called investors for a reason. They look beyond a week. A lot of folks in this community look beyond a week as well. Falling dividends, failed gen2 hardware attempt, nothing but future dates for gen3 (so kinda like KNC, it's a plan with some dates attached as of right now, just not selling pre-orders), and no comment on the liquid cooling business. There is a theoretical limit on how much folks are investing in this death-spiral to the bottom that we all know and love as mining, if folks like KNC or even CoinTerra manage to start rolling out 2TH+ devices that's about the end of any guesstimate for network speed or ROI on hardware. Long-term => we're facing the brink when the block reward halves again, but long before that we're going to get to the point that basically only the vendors can afford mining equipment anymore because there will be no room for margin. When everything on the market produces negative ROI, people will stop buying. At the end of the day, people will stop "investing" too because in the long-term there aren't any real benefits to keeping money in a venture that is continually depreciating. Yes there may be a bump up in however many months it takes FC and crew to release more hardware or capture more of the network hashrate, but most folks who paid into AM shares likely won't even get the fiat value of their original purchase back, even with dividends included. Sad facts. So yes, folks in the community can be short-sighted, but long-term there aren't many good reasons to keep cash in anything but BTC. You can liquidate immediately, costs zero power to maintain, you can trade and play the market to possibly profit, and you aren't starting at net negative (some people will call it sunk costs) to attempt to earn your money back while a vendor profits immediately. Believe me, as someone who owns AM shares I'd love to see them rise from the ashes and become a market force again, but I have next to zero faith in this happening. Like playing the lottery, I have my tickets, hope they pay off one day. But not counting on it. |
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Lohoris
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December 17, 2013, 02:40:13 PM
Last edit: December 17, 2013, 03:00:11 PM by Lohoris |
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If I make a money printing machine, why would I sell it for less than the money it can print?
1. because usually "money now" is better than "money later" (obviously depends on how much money now, how much money later and how much later) 2. because that machine requires mantainance and maybe you don't want to bother with that if you have an alternative 3. because just selling the machine is usually much much much more simpler on a bureocratic perspective, than "creating money" |
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muyuu
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December 17, 2013, 03:00:19 PM |
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If I make a money printing machine, why would I sell it for less than the money it can print?
1. because usually "money now" is better than "money later" (obviously depends on how much money now, how much money later and how much later) 2. because that machine requires mantainance and maybe you don't want to bother with that if you have an alternative 3. because just selling the machine is usually much much much more simpler on a bureocratic perspective, than "creating money" Also, rather than money later it's "maybe" money later, at an uncertain amount and valuation. |
GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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Pompobit
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December 17, 2013, 03:44:07 PM |
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it seems like the asic miner mining farm |
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aahzmundus
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December 17, 2013, 03:58:22 PM |
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it seems like the asic miner mining farm
That or a franchise... I only know of Bitfountain and Asicminer, should we as investors no more about these other entities? |
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ujka
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December 17, 2013, 04:14:13 PM |
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it seems like the asic miner mining farm
That or a franchise... I only know of Bitfountain and Asicminer, should we as investors no more about these other entities? Isnt that the same mining farm as in https://bitcointalk.org/index.php?topic=346134.0 |
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