Quote from: DeadwoodDan on March 05, 2014, 02:46:50 AM

Quote from: Leprecurrency on March 05, 2014, 02:33:56 AM

Quote from: DeadwoodDan on March 05, 2014, 02:03:47 AM

Quote from: Leprecurrency on March 05, 2014, 01:39:54 AM

Quote from: DeadwoodDan on March 04, 2014, 11:56:59 PM

What do you mean by "pledging" 60% of income on investment? Do you mean you would distribute 60% of mining income (or profit?) as dividends, keeping 40% for yourself? And does "pledge" mean "pinkie swear" or "guarantee with collateral held in escrow" or something in between?

The mining operation may have annual income bigger than 100% if new equipment is purchased to keep against the race of constant difficulty increase of BTC. 60% means guaranteed return after paid all expenses to maintain and replace equipment, administrative costs, electrical bill, taxes, equipment colocation rent, insurance, fire alarm, etc. By pledge I mean promise it is not guaranteed by escrow, just like most if not all companies listed on Cryptostock or Havelock and beyond are not guaranteed by any escrow. Did in the past or does in the present Microsoft guarantee its ROI by escrow? I am sure you know the answer. The investment is risk just like any other investment, all companies that start are new to the market and some of these new companies are scammers, but it doesn't mean that all companies are trying to scam people off their money. New company has no means to secure escrow, just initial investment on equipment is large enough to bear it on our own shoulders and to expand rapidly mining operations from income generated by mining is not possible, because this is slow process due to rapid BTC difficulty change. If we could expand ourselves without external funds we would love to do it that way, to avoid bearing additional responsibilities, but in the real world this is not an option.

I'm reading "60% means guaranteed return after paid blah blah" as you're planning to pay 60% of net profit after all your expenses, and "pledge" means pinkie swear with double retard twist, and guaranteed means fucking monkeys will fly out of my goddamn ass before I ever see any of the money. But please correct me if I'm wrong.

I welcome you to invest 7300$ plus 2200$ on pre-order, then setting it up, then worrying about BTC price fluctuations, raising of difficulty from 1.8G to 3.8G from moment you ordered everything until today and Scrypt coin block reward halving like happened to DOGE, but price falling to the same level as it was before halving occur, then list your poll here and read comments to forget about any IPO as it has already been pain in the ... to start this business and investing everything we had, now what we miss is more complains about something that we didnt ask money for yet. Read Cryptostocks projects, their ROI and tell me if they pay at least 30% a year? You will be disappointed, because most IPO don't pay even 10% a year, but money they collected from their shares is tenfold of what they really invested compared to what they really paid back to investors. We offered justified business taking only operational costs and described everything in complete details and as result we will get nothing compared to those who shared nothing and paid small fraction of what was supposed to be paid. Maybe the real answer is: don't list IPO, do it on your own, collect money from your own work and laugh at those who wanted you to work for them free, but got nothing for their ignorance.

I'm not dissing your effort, I'm just commenting on offer. You've already shown that when you say "guarantee" it means fuck all. And yeah, definitely the only reason you'd want to do an IPO at this stage is if you wanted to commit a bitcoin crime. If you were legit, you'd just get a legit loan at a far, far better rate than 60% per annum.

I already got bank loan (paid with my credit cards for 2 ASICs and pre-order) and the other part of it is also legit money that was earned by hard work. Your comment just solidified my opinion that it is better to go slow than to take someone's money for skyrocketing the business, but the work of explaining and to babysit would-be investors is so hard that it doesn't worth the money they invest. If 1 of 2 potential investors would tell me that I plan to commit Bitcoin crime, calling me a criminal, then I would better avoid having business with anyone at all.