ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jdany]

I'm not terribly excited about what happened here over the last few days.
Based on a few of the balance sheet assessments, I tend to agree that AM is setup pretty well over the next few quarters.

However, I do see a time where investors become too much of a pain in the ass - and totally unnecessary.
It would be better to buy them out, and become more private/

If it were me and I wanted to kill off investors.
I would cut off dividends.  Shut them out for awhile.  Let them panic.  Let the value tumble.  Buy back their shares.  And carry on.

No conspiracy.  But, we have become a really big group of whiny bitches.  (myself included)
Regardless if it's warranted or not - I wouldn't want to put up with us.

[ninjarobot]

There is no friedcat.
"friedcat" is just an account with no RL name attached, Bitfountain could have easily changed account's owner down the line.

As long as he was giving regular updates yes, he was rightly labeled as reliable and trustable.
Then everything changed.
Like past dividends do not imply future dividends, past reputation do not imply you are still honest.
Especially if we don't even know who "he" is.

Brandon Lu (Xinyu Jiang)

The same name and email that friedcat used for email in 2012 is associated with the AM200 design documents from 2014 so I don't believe account ownership has changed.

[NotLambchop]

...
I guess there is an assumption that the board members were paid off to not say anything about the company being bought or some other nefarious event?

I'm not implying that the board members were paid off, but I know that TAT, for one, gave up his position.  I also have no idea how many shares are currently held by the board--shares could have changed hands at any point, by multiple means.  I'm also not clairvoyant, I don't always know exactly how each and every scam is done.  I simply allow for the fact that there are possibilities I haven't considered.  Con artists who are good at their trade are as specialized as aardvarks, they study and refine their craft just like any other professional. Just like I don't expect to understand the minutia of ant-eating, it seems foolish to assume I grasp the art of the con as fully as the ones working it.

And that's all I'm saying here--not understanding how a scam works is not proof of it not being a scam.  Everything beyond that was thrust onto me by ASICMINER fanbois and jittery "investors."  To be clearer still, I never called this a scam--merely pointed out that the odds of losing on this are astoundingly high.  Not only due to FC, but to a slew of third-party risks--exchanges, etc.  The potential upside in no way compensates for this, making this a nonstarter as an investment.

Hope this is a bit clearer.

[necro_nemesis]

No conspiracy.  But, we have become a really big group of whiny bitches.  (myself included)
Regardless if it's warranted or not - I wouldn't want to put up with us.

I wouldn't be so quick to be apologetic about investor behavior. It's largely attributable to the lack of information coming from AM. IMHO there would be a fraction of the problems if they reported and didn't let imaginations run wild. To blame investors for their poor behavior as a result of the situation is wrong.

[lophie]

...
I guess there is an assumption that the board members were paid off to not say anything about the company being bought or some other nefarious event?

I'm not implying that the board members were paid off, but I know that TAT, for one, gave up his position.  I also have no idea how many shares are currently held by the board--shares could have changed hands at any point, by multiple means.  I'm also not clairvoyant, I don't always know exactly how each and every scam is done.  I simply allow for the fact that there are possibilities I haven't considered.  Con artists who are good at their trade are as specialized as aardvarks, they study and refine their craft just like any other professional. Just like I don't expect to understand the minutia of ant-eating, it seems foolish to assume I grasp the art of the con as fully as the ones working it.

And that's all I'm saying here--not understanding how a scam works is not proof of it not being a scam.  Everything beyond that was thrust onto me by ASICMINER fanbois and jittery "investors."  To be clearer still, I never called this a scam--merely pointed out that the odds of losing on this are astoundingly high.  Not only due to FC, but to a slew of third-party risks--exchanges, etc.  The potential upside in no way compensates for this, making this a nonstarter as an investment.

Hope this is a bit clearer.

TAT never had a position. He had it because of the Passthrough management and he was forced out of it when Havelock took over. Now his personal opinion is one thing but he definitely doesn't have super secret conspiracy type information to base his opinion on.

[NotLambchop]

...
NotLambchop
1) Posts pics of Havelock "assets"
2) Takes data 'X' and misrepresents as 'Y'
3) Insults other users because they don't see it as 'Y'
4) Claims to be right, those who disagree = wrong

Clearly not a straw man's argument 

Do you understand what a straw man argument is?  Not one of your points, with the possible exception of (2), even implies it.
Re. (2):  What, specifically, are you talking about?

[El Cabron]

...
I guess there is an assumption that the board members were paid off to not say anything about the company being bought or some other nefarious event?

I'm not implying that the board members were paid off, but I know that TAT, for one, gave up his position.  I also have no idea how many shares are currently held by the board--shares could have changed hands at any point, by multiple means.  I'm also not clairvoyant, I don't always know exactly how each and every scam is done.  I simply allow for the fact that there are possibilities I haven't considered.  Con artists who are good at their trade are as specialized as aardvarks, they study and refine their craft just like any other professional. Just like I don't expect to understand the minutia of ant-eating, it seems foolish to assume I grasp the art of the con as fully as the ones working it.

And that's all I'm saying here--not understanding how a scam works is not proof of it not being a scam.  Everything beyond that was thrust onto me by ASICMINER fanbois and jittery "investors."  To be clearer still, I never called this a scam--merely pointed out that the odds of losing on this are astoundingly high.  Not only due to FC, but to a slew of third-party risks--exchanges, etc.  The potential upside in no way compensates for this, making this a nonstarter as an investment.

Hope this is a bit clearer.

TAT never had a position. He had it because of the Passthrough management and he was forced out of it when Havelock took over. Now his personal opinion is one thing but he definitely doesn't have super secret conspiracy type information to base his opinion on.

He was also speaking in a place that is very anti anything that MP is selling. There is a reason he did not say that stuff here.

anyway TAT is not a guy i would take trading advice from, or even trust with BTC.

[hdbuck]

Mehh everything is on track. Within the next month or two, we will see even more miner companies blooming thx to AM's chips. The lately XBTec now advertizes 5Ph immersion cooled mining rigs on their websites (here come your new competitors spondoo..)..
https://bitcointalk.org/index.php?topic=626694.msg7074332#msg7074332

AM share price will go up back to 0,4 in a blink once we got a better idea about quantities, production/selling prices, advancement in production, kicking off of solomining and franchising. They just started selling WORKING chips (in-stock!) for barely a month. Cut FC some slack so he can sell those 8M worth chips (production cost). And there's still a massive 3rd batch for june..
Tape out was successful 3 months ago only (or could it be 2 maybe? I remembered some delays so everything would be perfect - ie not like Avalon, Hashfast & co.).
I predict by july/august 1st round of agressive divs. Taking the price back to 0,7 at least.

Now keep your FUD to yourselves or feel free to sell your shares at those RIDICULOUS prices

edit: Plus AM is dealing with TSMC. thats no bullshit industry partner. what's 3 months of no divs? or even 5 or 6? or a year? NEVER in any normal companies divs has been payed every fucking weeks. you noobs.

[jdany]

No conspiracy.  But, we have become a really big group of whiny bitches.  (myself included)
Regardless if it's warranted or not - I wouldn't want to put up with us.

I wouldn't be so quick to be apologetic about investor behavior. It's largely attributable to the lack of information coming from AM. IMHO there would be a fraction of the problems if they reported and didn't let imaginations run wild. To blame investors for their poor behavior as a result of the situation is wrong.

The less communication we have, the more irritated we become.  
The more irritated we become, the less communication we'll be provided.

I totally agree with you.  But, there's no good reason for them to fix it.  We're irrelevant.

[NotLambchop]

...
TAT never had a position. He had it because of the Passthrough management and he was forced out of it when Havelock took over. Now his personal opinion is one thing but he definitely doesn't have super secret conspiracy type information to base his opinion on.

Not sure where I led you to believe a conspiracy was involved.  Havelock dealings are a black box to me, so I'm uncertain how you came to the conclusion that TAT was "forced out."  But no conspiracy beyond the usual opaqueness needs to take place.

[hdbuck]

...
TAT never had a position. He had it because of the Passthrough management and he was forced out of it when Havelock took over. Now his personal opinion is one thing but he definitely doesn't have super secret conspiracy type information to base his opinion on.

Not sure where I led you to believe a conspiracy was involved.  Havelock dealings are a black box to me, so I'm uncertain how you came to the conclusion that TAT was "forced out."  But no conspiracy beyond the usual opaqueness needs to take place.

TaT was not forced out, he just had enough dealing with the Havelock passing through biz. Moving on stuff.. Yet i bet he still have some personal stake in AM.

[vortex1878]

...
TAT never had a position. He had it because of the Passthrough management and he was forced out of it when Havelock took over. Now his personal opinion is one thing but he definitely doesn't have super secret conspiracy type information to base his opinion on.

Not sure where I led you to believe a conspiracy was involved.  Havelock dealings are a black box to me, so I'm uncertain how you came to the conclusion that TAT was "forced out."  But no conspiracy beyond the usual opaqueness needs to take place.

TaT was not forced out, he just had enough dealing with the Havelock passing through AM's biz. Moving on you know.. Yet i bet he still have some personal stake in AM.

He did not have enough dealing with the HL PTs to not introduce the NEOBEE PT though...

[Mabsark]

...
TAT never had a position. He had it because of the Passthrough management and he was forced out of it when Havelock took over. Now his personal opinion is one thing but he definitely doesn't have super secret conspiracy type information to base his opinion on.

Not sure where I led you to believe a conspiracy was involved.  Havelock dealings are a black box to me, so I'm uncertain how you came to the conclusion that TAT was "forced out."  But no conspiracy beyond the usual opaqueness needs to take place.

Don't you think TAT's a scammer for being in bed with NeoBee?

[bbxx]

now buy buy buy!
and hodl,

yesterday was a good day for trading, 0.12 bottom.
now 0.24 with potential to 0.3-0.4 in few days
still great profit opportunity

i hope friedcat will launch some immersion cointainers with own pcb design, a lot of money was dumped into those tanks and installations, i am sure that it will be used or sold in next few weeks.

[Another User]

Don't you think TAT's a scammer for being in bed with NeoBee?

Why do you think he doesn't post on here anymore? All that "insider trading" Havelock mentioned was TAT dumping shares, leaving all other "investors" out to dry. That's why he didn't push any further legal action, he got his BTC out. That's all that mattered to him. "ThickasThieves", a fitting name.

[Mabsark]

now buy buy buy!
and hodl,

yesterday was a good day for trading, 0.12 bottom.
now 0.24 with potential to 0.3-0.4 in few days
still great profit opportunity

i hope friedcat will launch some immersion cointainers with own pcb design, a lot of money was dumped into those tanks and installations, i am sure that it will be used or sold in next few weeks.

To people who sold their shares at a loss due to panic, you can thank people like this person who spread FUD.

finally, fresh perspective
it looks like scam now

and some of you, circlejerks and bagholders think over it again.

no divs, but sales and mining were done
no posting either

"we are all fucked over again", in bfl style (failed gen2, overpromised gen3, no communication and "subject to change")

sad.

[hdbuck]

...
TAT never had a position. He had it because of the Passthrough management and he was forced out of it when Havelock took over. Now his personal opinion is one thing but he definitely doesn't have super secret conspiracy type information to base his opinion on.

Not sure where I led you to believe a conspiracy was involved.  Havelock dealings are a black box to me, so I'm uncertain how you came to the conclusion that TAT was "forced out."  But no conspiracy beyond the usual opaqueness needs to take place.

TaT was not forced out, he just had enough dealing with the Havelock passing through AM's biz. Moving on you know.. Yet i bet he still have some personal stake in AM.

He did not have enough dealing with the HL PTs to not introduce the NEOBEE PT though...

Sure everybody makes mistakes. I remember thinking once Neobee was great.

[Mabsark]

Don't you think TAT's a scammer for being in bed with NeoBee?

Why do you think he doesn't post on here anymore? All that "insider trading" Havelock mentioned was TAT dumping shares, leaving all other "investors" out to dry. That's why he didn't push any further legal action, he got his BTC out. That's all that mattered to him. "ThickasThieves", a fitting name.

Then why should we give a fuck what TAT thinks? Now, if he was just another scamee and not a scammer, then again, why should we listen to his investing advice?

Basically, there's no reason to pay any notice to what TAT says.

[Another User]

when he posted last time in this topic?

he doesnt care about shareholders.

he is worse than ken, at this regard.

where are updates?

wtf is going on?

i think we have been scammed.

now buy buy buy!
and hodl,

yesterday was a good day for trading, 0.12 bottom.
now 0.24 with potential to 0.3-0.4 in few days
still great profit opportunity

i hope friedcat will launch some immersion cointainers with own pcb design, a lot of money was dumped into those tanks and installations, i am sure that it will be used or sold in next few weeks.

                  Wow.
                                                Such manipulation.
                     Much BTC.
                                             So "pro"

[vortex1878]

now buy buy buy!
and hodl,

yesterday was a good day for trading, 0.12 bottom.
now 0.24 with potential to 0.3-0.4 in few days
still great profit opportunity

i hope friedcat will launch some immersion cointainers with own pcb design, a lot of money was dumped into those tanks and installations, i am sure that it will be used or sold in next few weeks.

To people who sold their shares at a loss due to panic, you can thank people this person and people like him who spread FUD.

finally, fresh perspective
it looks like scam now

and some of you, circlejerks and bagholders think over it again.

no divs, but sales and mining were done
no posting either

"we are all fucked over again", in bfl style (failed gen2, overpromised gen3, no communication and "subject to change")

sad.

Yep. I have that donkey on ignore from the moment he showed up here anyway. But I have to say kudos to him. He took well advantage of all the idiots who cannot read a balance sheet.