Quote from: Jutarul on January 27, 2014, 09:25:26 PM

Quote from: minerpumpkin on January 27, 2014, 09:05:34 PM

Nice insight. I can only underline the need for such an update for the non-board investors, i.e. this forum! Be it just a heads up on the progress and the next vague steps/milestones.

Major milestones have been out there for a while - I know things develop fast in bitcoin world and information which is about 2 months old feels ancient - but it's not when you look at it from a development cycle point of view...

Quote from: minerpumpkin on January 27, 2014, 09:05:34 PM

Which makes me wonder, what kind of leverage does the board have? How could they influence the direction AM is going? Is there any distributed power (i.e. multiple signatures for wallets, etc...)?

All executive decisions are with friedcat and his team, and as such the board has only advisory capacity. The leverage is "accountability" in a general sense, and the most prominent benchmark is dividend payments. Of course there is the need for further benchmarks. No measures have been taken to distribute power across the shareholder base.

Quote from: ThickAsThieves on January 27, 2014, 09:20:12 PM

We are largely an advisory board, and as I've said several times in the past, you all vastly overestimate the amount of info that is exclusive to the board.

There has never been a board meeting that I can recall that resulted in any notable buying or selling of shares.

Things just aren't as sexy or dramatic as some would like to believe, sorry.

Do the board-members have any share of the income of BITMAIN? Is there any relation?

Not imputing anything but just would like to see some statement on this..!

I doubt that the board-members only have an advisory capacity. What's the point then? Board-members should have full voting rights for any major decisions...