ASICMINER: Entering the Future of ASIC Mining by Inventing It

[ning]

Is there any reason for ASICMINER to be accountable to its shareholders? Let's disregard any legal arguments for the moment... I am interested purely from a free-market incentive perspective. My rookie understanding of the situation was that the primary driving force for ASICMINER (or any company for that matter) to communicate and pay-dividends was to maintain a high company valuation (because friedcat/bitfountain is also a shareholder). What are the forces that hold this together and make it economically rational to hold shares of the company? (i.e., maybe a rational economic analysis would suggest that it is in friedcat's best interest to simply stop paying dividends to shareholders... even if the share price goes to zero, he would be more than compensated by not sharing profits)

EDIT: There are factors beyond "pure economic analysis" such as honor, morality, laws, etc. I am not implying anything about friedcat's motives, but I am just trying to think about how the incentives are structured.

Here is my interpretation of another person's interpretation of the words of Friedcat. So it might not be accurate.

The short version is Friedcat is a wise and decent person.

The longer version is that Friedcat enjoys working and working for himself. Suppose he had sold his shares, he would no longer be working for himself. And he couldn't quit either, because shareholders all over the world would demand him to work continuously for them. Nobody wants to be bossed around, so doesn't he. As the man in charge of ASICMiner, it is very easy for him to profit, a lot, from pumping and dumping his own shares (we all know what a little rumor/news could do to the share price), and we should be grateful that he doesn't do that. The best interest for Friedcat is keeping the company growing at full throttle, not trying to fluctuate the share price. And because of this, it would be reasonable for him not to say too much before the company actually delivers. And the overall outcome is that the share price will reflect the actual performance of the company, not rumors or news. I personally think he has been doing the right thing.

I got to realize these because during the "Chinese girl interview" Friedcat addressed similar questions like why he never sold his shares.

[freedomno1]

0.00007777 BTC/share confirmed!

Hmm I see 0.00008971 BTC/Share am I missing something ?
Or was SmiGueL feeling lucky XD

https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

[donut]

0.00007777 BTC/share confirmed!

Hmm I see 0.00008971 BTC/Share am I missing something ?

https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

This incoming transaction came when dividends were being paid out which I think skewed them.

https://blockchain.info/tx/8ff32ce0fccf94ba6d5164e6b0408073ff76f3a3f7e0569d936786ed39bfb5e8

0.00007777 paid out before the transaction, 0.00008971 after.

Not sure wtf is going on.

[freedomno1]

0.00007777 BTC/share confirmed!

Hmm I see 0.00008971 BTC/Share am I missing something ?

https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

This incoming transaction came when dividends were being paid out which I think skewed them.

https://blockchain.info/tx/8ff32ce0fccf94ba6d5164e6b0408073ff76f3a3f7e0569d936786ed39bfb5e8

0.00007777 paid out before the transaction, 0.00008971 after.

Ah that makes sense then steals SmiGueLs post since it will only happen once in a blue moon
0.00008971 BTC/share confirmed!

I did like the 7777 though felt lucky ha-ha

Havelocks dividend  is
0.00007777 BTC/share Presently!

https://blockchain.info/address/1J5fvfUrDcZj8rrpVHMgn8u7sXee84QkPd

Your right that is weird

[arne]

Who sends dividend from the 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF address? With all the past migrations I can't keep track... 

[NielDLR]

A quick question. I bought some AM1 shares on Havelock this week. I just received news of the dividend. I'm a newbie to Havelock. Where is the dividend paid to? Does it just get paid to your Havelock BTC balance?

[freedomno1]

A quick question. I bought some AM1 shares on Havelock this week. I just received news of the dividend. I'm a newbie to Havelock. Where is the dividend paid to? Does it just get paid to your Havelock BTC balance?

You get a notification that says dividend and it is paid out to your account will show up as a transaction labeled dividend your share holdings and amount when it is distributed

[necro_nemesis]

Thanks for the update Jutarul. It's tough to remain patient with so much speculation. I would prefer to wait and have results raise the value of the stock rather than seeing it fueled by rumors.

[Groc]

Haven't you heard?

Gen 3 was a failure like Gen 2.

[ZephramC]

Haven't you heard?

Gen 3 was a failure like Gen 2.

No we have not heard (from any reliable source).

[arousedrhino]

The Havelock handoff of the AM shares appears to have been successful. I wanted to share that I successfully transferred ~50 shares to direct shares this week using the new Havelock management at the email address AMFund@havelockinvestments.com. Friedcat confirmed the transfer this morning and dividends were paid out today.

Figured I would share for those who were on the fence about moving to direct shares with the new management.

[eb3full]

I also received 0.00007777 per share. Were these dividends fairly distributed to shareholders? What's going on?

[Chris_Sabian]

I also received 0.00007777 per share. Were these dividends fairly distributed to shareholders? What's going on?

31.10807011 from Mining Address / 400,000 shares = 0.000077770

Not sure what the other talk was about.

[hdbuck]

    HAVELOCK AM1: 0.65%  APR  

Beans for dinner!

make it magic beans...
..to the mooon!

[freedomno1]

I also received 0.00007777 per share. Were these dividends fairly distributed to shareholders? What's going on?

31.10807011 from Mining Address / 400,000 shares = 0.000077770

Not sure what the other talk was about.

Dividend in blockchain shows 0.00008971 BTC/Share for most last holders only early most sends get the 0.00007777
Can observe it from the sending address

https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

[donut]

I also received 0.00007777 per share. Were these dividends fairly distributed to shareholders? What's going on?

31.10807011 from Mining Address / 400,000 shares = 0.000077770

Not sure what the other talk was about.

Dividend in blockchain shows 0.00008971 BTC/Share for most holders only early sends get the 0.000077770
Can observe it from the sending address

https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

I'd say most got 0.00007777. I did.

There's 3 transaction after this, and 27 before.

[freedomno1]

I also received 0.00007777 per share. Were these dividends fairly distributed to shareholders? What's going on?

31.10807011 from Mining Address / 400,000 shares = 0.000077770

Not sure what the other talk was about.

Dividend in blockchain shows 0.00008971 BTC/Share for most holders only early sends get the 0.000077770
Can observe it from the sending address

https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

I'd say most got 0.00007777. I did.

There's 3 transaction after this, and 27 before.

Figured it out FC recieved the 10 BTC while sending out I assume the algo divided it among those remaining users equally resulting in the weird dividend

Throws in a classic
The first become last and the last become first in getting a bit more dividend

I did some recalclations

Early Dividends Most users at 0.00007777 BTC / Share
A few users recieved 0.0008674 BTC / Share
The Last users BTC was sent to recieved recieved 0.00008971BTC/ Share

So three different dividends  

Confirm this through division it needs to end up as a whole number

Edit: Sorry I meant it showed 0.00008971 per share for the last holders most users got 0.00007777
Not most holders got the larger number
Was wondering why Smiguel went with 0.00007777 but must have been watching the first sends the last sends were different

[hlynur]

[lophie]

The Havelock handoff of the AM shares appears to have been successful. I wanted to share that I successfully transferred ~50 shares to direct shares this week using the new Havelock management at the email address AMFund@havelockinvestments.com. Friedcat confirmed the transfer this morning and dividends were paid out today.

Figured I would share for those who were on the fence about moving to direct shares with the new management.

modev ~200 shares, judging buy the divs screw up, I made the right choice.

[freedomno1]

The Havelock handoff of the AM shares appears to have been successful. I wanted to share that I successfully transferred ~50 shares to direct shares this week using the new Havelock management at the email address AMFund@havelockinvestments.com. Friedcat confirmed the transfer this morning and dividends were paid out today.

Figured I would share for those who were on the fence about moving to direct shares with the new management.

modev ~200 shares, judging buy the divs screw up, I made the right choice.

Think that had nothing to do with the screw up lophie the divs were sent properly just an incoming transaction screwed it up so not everyone got the same dividend good old automated scripting ^^