Quote from: buck19 on February 13, 2014, 06:26:36 PM

Quote from: ning on February 13, 2014, 04:01:40 PM

Quote from: willBTC on February 13, 2014, 02:56:20 PM

I have a question : the third-generation chip's payment considering USD and Bitcoins. What if Friedcat would receive huge of USDs, then How Friedcat pay shareholders Bitcoins ? To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.

I really don't see ASICMiner accepting dollars in payment. Cash, check, credit card? LOL.

From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.

In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...

These problems have been addressed by friedcat in his latest statement: https://bitcointalk.org/index.php?topic=99497.msg5025133#msg5025133