Post
Topic
Board Securities
Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]
by
minerpart
on 28/01/2014, 16:42:34 UTC
Interesting CoinTerra update via Reddit post: http://www.reddit.com/r/BitcoinMining/comments/1waoos/cointerra_hot_air_update_engineering_and/

TL;DR CoinTerra is having problems.

This is the sort of development that seems to go by with little mention on here. We can only know our own company by seeing it in the context of this emerging technology market that we are a part of.

Bitcoin ASIC design and development is beset with setbacks. Delays are par for the course. Yet when we experience a delayed 28nm chip, Ken becomes a scammer. Is that even rational?



Since the time when we all invested in this company and it's 28nm eASIC, Ken has taken on a taped out custom 55nm and it's developers. Ken has made this UMC 55nm project - at no cost to us - part of our portfolio. Why would he do that? We are getting all of this added potential for nothing - no outlay. Ken could have gotton involved with this other project under a different company name as a side issue and kept us out of it.


My question for the doubters is:

Why has Ken given us shareholders (for no outlay) the added potential of the custom 55nm chip when he had no obligation to do so under the terms of the IPO?