Post
Topic
Board Securities
Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
lunarboy
on 20/02/2014, 16:59:52 UTC
The following things are still of critical importance IMO:
1. Ensure that the new address where all COG funds are stored will be verifiable and contains *all* the expected "reinvestment" funds (so it should have 50% of all divs since the time of the last CT order, right?)
2. Ensure that all of our hardware is using a visible pool like eligius, against the same address, and has backup pools should eligius go down, for best uptime
3. Ensure that the pools we use, along with their deposit address, are all documented ON THE WEBSITE (for BTC and scrypt miners) (we can't be digging through this entire thread to get critical info like our current hashrate, payout address, etc)

Once all of these are done, the "present" is taken care of, and there can be no question about stolen funds moving forward, the only questions are about the past.  To clear those up, we'd like to see the following:

1. The long-promised financial report.  How much did our CT order cost exactly?  What money came in/out last year?
2. What payout address was in use during the infamous "missing div" period?  Was the discrepancy due to your error, the pool's error, bad luck, or something else?  Any answer is better than no answer.

Finally, after that in priority, it'd be nice to have a discussion about next steps.
1. Tell us more about this PR person
2. What does our reinvestment fund look like?  Are we still in talks with CT?  Will we be placing another order soon?  How are the scrypt machines doing, is their return making that look like a better plan than more ASIC based hardware? (imma guess "probably not", but worth considering)


Welcome aboard Samuel.

As you can see tensions are high here and you will have your work cut out for you if you are to assuage the heat currently on cognitive.

The PR job will be a tough one. However the solution is clear and relatively simple. The beauty of Bitcoin is it is possible to prove everything on the blockchain, so the answer to all your problems is this: 'FULL FINANCIAL TRANSPARENCY FOR ALL ACTIONS PAST, PRESENT AND FUTURE' if you can find a way to do this in a clear open manner the majority of your problems will be over, and shareholders on your side. When confidence returns the shareprice will rise.

Good luck and all the best.  May you, in the process of achieving the job laid out for you, restore the good name of Samuel. It has been 'a bit' tarnished here in Bitcoinland.

 Hopefully with good actions you will become to be known as Samuel 'Blanc'.