Quote from: philipma1957 on December 11, 2013, 12:51:31 AM

Quote from: mrm0 on December 10, 2013, 10:51:54 PM

Quote from: thetopham on December 10, 2013, 08:56:08 PM

I think the offer is really good, but I have to wonder why. What does the buyer know that we don't? and for that reason, I voted no.

Quote from: philipma1957 on December 10, 2013, 09:58:12 PM

that was not so clever as you may think.

frankly if you don't trust them to look out after us you should have voted to take you cash out in r9 to r 12.

I must say, philipma, that your logic here is a mystery to me.
If I understand correctly, the buyer who made the offer is from outside of DZMC? Therefore, why do you imply, that thetopham mistrusts DZMC?

Re voting, I am waiting for a final say from Bob. He mentioned bringing a few tricks to try, so let him try.

The hardware has been underperforming so far and it appears to be a hosting nightmare from maintenance POV, so I might vote yes to sell for purely humanitarian reasons, but I need a final assessment from Bob to decide.

Yes I am . here is why: he voted against the sale (his words not mine) which means he lacks faith in bob, dz and Thomas to get us a good offer.

Also he lacks belief that r17 would be good for him once again that is questioning the brains of dzCoop. So if you do not trust the heads of the coop why hold the shares?

Okay lets put this another way. I believe in the coop. I believe in black arrow and I believe r17 will whale. I have a degree in accounting and have years of tax /investment experience .. DzCoop has 70% of its hash in r17. if the gear sucks DzCoop is really going to take a hit.
Since r9 -r12 buyers have 3x their fiat and the gear has problems and r17 is coming closer.. Here are the possible out comes

1)R17 is great. this means all older gear is not so great. maybe only 10-15 % of what it is now
2)R17 is meh. this means all older gear is still not so great but lets say a 70% drop not an 85% drop in power
3)R17 is terrible crashing and burning dzcoop to the ground
4)Dzcoop are bad guys and vanish in a few days.

All of the above are possible.

1)If the first one is true voting no to sale r9-r12 prevents putting the money into r17
2)If the second one is true voting no to the sale of r9-r12 is less bad but still prevents picking more of r17 or bailing out of both
3)If the third is true voting no prevents getting out some cash now.
4)lastly if this is true insisting on the buyout might expose the con ending sales in r17 so less is stolen.

I would like my 11 x 287 = 3157 usd ..

I would buy 10 shares of r17 1300

keep 1 btc = 957 usd

and cash for 900 usd at coin base.

this investment move above would be pretty much unbeatable compared to mining with my 11 underperforming shares.

1 share = 8.3 gh that will not mine 287 usd at today's prices.
11 share = 91.3 gh this will not mine 3157 usd at today prices.

If coins go down it is worse to have held. if we sold and I cash 900 usd I lower that problem.

If coins go up I simply will be holding 1 btc so I will do okay.

If diff goes nuts. I will turn my 91.3 gh into 400 gh.