Quote from: Stuartuk on July 06, 2013, 05:38:19 PM

Quote from: John818 on July 06, 2013, 01:20:48 AM

KISS is an acronym for "Keep it simple, stupid" as a design principle noted by the U.S. Navy in 1960.[1][2] The KISS principle states that most systems work best if they are kept simple rather than made complex; therefore simplicity should be a key goal in design and unnecessary complexity should be avoided. The phrase has been associated with aircraft engineer Kelly Johnson (19101990).[3] The term "KISS principle" was in popular use by 1970.[4] Variations on the phrase include "keep it stupid simple", "keep it short and simple", "keep it simple sir", "keep it super simple", "keep it simple or be stupid", "keep it simple and stupid", "keep it simple and straightforward", "keep it simple and safe", "Keep it simple student", "keep it simple, silly", "keep it simple and sincere" or "keep it simple and secular."[5][6]

Let's have this business done and allow Ken to crack on.

Excellent post John boy, I mean it, really excellent. So if we are keeping it simple the contract only needs to set out the frame work of the new venture and its ownership and the profit share set up. It also needs to answer the concerns of the community regarding who owns the companys assets. I think it does this so it is looking good.

As much as anything this contract is a statement of how Ken will conduct business. I don't think any of us will be taking him to court if he breaches the terms - I guess you would just sell your holdings.

However I do think with the experience so far on this thread we do need some assurances written into the contract over how and when the shareholders are kept informed and updated on the progress of the business plan. The silence on here from Ken a week ago was deafening. So we need Ken or another AM employee on here everyday answering genuine questions. I think a short sentence in the contract commiting the company to that will keep AM focused and on the ball.

To keep the contract simple, I don't think we need to put that in. At the moment we have limited amount of time to be on the board, as we are trying to get a number of things put together. I for one will be flying to our Engineering firm to flash the prototypes in about a week. Should we get eASIC paid the NRE, I will be working with them in California to the the RTL perfect with 20 hashing engines. So, there is a lot to do. However, ever since we have started AMC we have put out a number of Press Releases, so much that Ukto on bitfunder limited us to one per week.