ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Fordee]

Perhaps he just needs the proper welcome?

[Blazed]

This thread is so funny...AM is like a cult.  Never seen a group of people act like this about anything... "omg friedcat is logged in"  OMG

There is a lot of anticipation for some good news and dividends. It's been a long cold winter for AM holders in the northern hemisphere. It's to be expected at this point.

Well I hope the divs are amazing for you guys 

[necro_nemesis]

I suppose this warrants more questions and IMHO they should focus on the investors. None of this would have occured without seed money and it was FC who elected to go the route of selling shares vice pre-sales, loans or any other method of raising capital. To perpetuate the arrangement of a public company and continue to actively trade share on the exchange is leading people to believe value remains in those shares. If that's not the case this had to be communicated a very long time ago but no change to the status quo was ever provided. One would hope this is simply a delay.

[xiaoma9hao]

Congratulations

[cs54]

That's odd...the local time in Friedcat's profile suggests that he's not in Asia:

https://bitcointalk.org/index.php?action=profile;u=49840

Reykjavik perhaps?

[101111]

Bagging #20,000

[Zubilica]

maybe on Sunday we will see update and divs

[drafy]

That's odd...the local time in Friedcat's profile suggests that he's not in Asia:

https://bitcointalk.org/index.php?action=profile;u=49840

Reykjavik perhaps?

Don't believe that local time. He is in China of course.

[Bonam]

Indeed. Imagine capitalism.

But you're right, this is a completely unregulated market and friedcat is bound by nothing whatsoever except his own intentions. He could at any time simply decide that any obligation that he owed to the original purchasers of his IPO is fulfilled, void all public shares, and keep any future profits to himself. Guessing by his general lack of communication and the implied complete lack of respect for shareholders, I'd say he's not far off from making that decision, or may have already made it, given that he has already broken his promise of paying out dividends when the "balance payments are received" for batch 1 of the gen 3 chips.

I wouldn't go that far.  Friedcat has been amazingly honest and has done nothing to deserve that level of doubt.  His honesty in a veritable sea of scammers was the primary reason AM has been the premiere asset in this space.

I hope you are right. But think about it... friedcat has clearly seen hundreds of other "companies" in the bitcoin world turn out to be scams, their owners run off with people's money, and get off scot free every time. Now, he's turned his little bitcoin startup into a real company that is making chips and selling them to other businesses by the tens of thousands. Maybe he is looking for real funding from real investors as he expands his company further. Do you think real world investors would care about some informal bitcoin IPO that happened back in the past and agree that half the company is already owned by a bunch of random anonymous people on a forum? What advice would a lawyer give to the founder of a startup company transitioning to being a bigger business and dealing with other real companies, signing real contracts, dealing with proprietary information / intellectual property, etc? If he's gonna grow into a successful large real world business, then at the very least at some point he will start with a clean slate, transferring intellectual property to a new company that will not be beholden to a bunch of bitcoin "shareholders".

Along with everyone else, I'm hoping he delivers a dividend for gen 3. But do I expect that if asicminer really succeeds and starts to generate significant continuous revenue and expand into various other markets that the current shareholder arrangement will continue? Not a chance in hell.

[Fordee]

I have trust in Friedcat... He has proven himself to be the most honorable person in the mining space.

I have no problem holding long-term.   I'm in this for shares in what he is building.. not just an ASIC, but an Empire.

[Chris_Sabian]

Along with everyone else, I'm hoping he delivers a dividend for gen 3. But do I expect that if asicminer really succeeds and starts to generate significant continuous revenue and expand into various other markets that the current shareholder arrangement will continue? Not a chance in hell.

What makes you say that?  Did General Electric (GE) change its structure after turning 100yr old and becoming multibillion dollar company?  Did Microsoft or Google or Apple screw over their shareholders when they made it big?  

[RoadStress]

maybe on Sunday we will see update and divs

Why Sunday? I thought divs will come on 27 aka yesterday.

[szmarco]

He is on again.
Maybe in hours.

[bitcoin.newsfeed]

Indeed. Imagine capitalism.

But you're right, this is a completely unregulated market and friedcat is bound by nothing whatsoever except his own intentions. He could at any time simply decide that any obligation that he owed to the original purchasers of his IPO is fulfilled, void all public shares, and keep any future profits to himself. Guessing by his general lack of communication and the implied complete lack of respect for shareholders, I'd say he's not far off from making that decision, or may have already made it, given that he has already broken his promise of paying out dividends when the "balance payments are received" for batch 1 of the gen 3 chips.

+1 ... he just doesn't give a shit about us anymore, anyway, I am very disappointed about lack of respect to shareholders, because shareholders were the main reason allowing friedcats path from zero to hero(or millionaire) overnight. This is so disgusting disrespectful selfish greedy behavior that I am just out of words. But yes, humans, I cant wonder.

[arousedrhino]

Indeed. Imagine capitalism.

But you're right, this is a completely unregulated market and friedcat is bound by nothing whatsoever except his own intentions. He could at any time simply decide that any obligation that he owed to the original purchasers of his IPO is fulfilled, void all public shares, and keep any future profits to himself. Guessing by his general lack of communication and the implied complete lack of respect for shareholders, I'd say he's not far off from making that decision, or may have already made it, given that he has already broken his promise of paying out dividends when the "balance payments are received" for batch 1 of the gen 3 chips.

+1 ... he just doesn't give a shit about us anymore, anyway, I am very disappointed about lack of respect to shareholders, because shareholders were the main reason allowing friedcats path from zero to hero(or millionaire) overnight. This is so disgusting disrespectful selfish greedy behavior that I am just out of words. But yes, humans, I cant wonder.

Dear god, you just love to bitch. Find a single other bitcoin asic company out there with as much respect as Friedcat has in the Bitcoin world. Just sell your shares already and leave this thread alone. YOU clearly think he is a dishonest person so put your money where your mouth is and sell your shares so you can stop freaking out every time Friedcat does things just like he has done in the past.

The amount of whining in this thread is insane given Friedcats track record.

[101111]

If he's gonna grow into a successful large real world business, then at the very least at some point he will start with a clean slate, transferring intellectual property to a new company that will not be beholden to a bunch of bitcoin "shareholders".

Along with everyone else, I'm hoping he delivers a dividend for gen 3. But do I expect that if asicminer really succeeds and starts to generate significant continuous revenue and expand into various other markets that the current shareholder arrangement will continue? Not a chance in hell.

Do you really think new investors would have faith and trust in FC after doing something like that?

[Plento]

I've got enough shares on Havelock to cash out and take a nice vacation but a strong part of my brain is telling me to hold on still!
Keep it up Friedcat, lots of naysayers around but I believe in ya.   

[JoTheKhan]

Remember that it wasn't FC who came on here directly and stated May 27th. It was delivered to us through the Board and it was subject to change.

Why are you guys immediately jumping to FC trying to deceive? Have you guys held shares all these months with this belief?

[Bonam]

Along with everyone else, I'm hoping he delivers a dividend for gen 3. But do I expect that if asicminer really succeeds and starts to generate significant continuous revenue and expand into various other markets that the current shareholder arrangement will continue? Not a chance in hell.

What makes you say that?  Did General Electric (GE) change its structure after turning 100yr old and becoming multibillion dollar company?  Did Microsoft or Google or Apple screw over their shareholders when they made it big?  

Almost every successful company has screwed over anyone and everyone it wasn't forcefully prevented from screwing by harsh and enforceable laws. No law exists that holds friedcat accountable to his bitcoin shareholders.

[Bonam]

If he's gonna grow into a successful large real world business, then at the very least at some point he will start with a clean slate, transferring intellectual property to a new company that will not be beholden to a bunch of bitcoin "shareholders".

Along with everyone else, I'm hoping he delivers a dividend for gen 3. But do I expect that if asicminer really succeeds and starts to generate significant continuous revenue and expand into various other markets that the current shareholder arrangement will continue? Not a chance in hell.

Do you really think new investors would have faith and trust in FC after doing something like that?

Investors whose investment contract had the full power of the Chinese government behind them enforcing said contract, as opposed to relying only on reputation on an internet forum as an enforcement mechanism? Yeah... I think they would go for it if they smelled profit potential.