Re: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast)
Due to circumstances beyond their control, ID is not able to honor IPO conditions.
Of course we wish it was possible, but that makes no difference in reality.
Premature performance assessments do nothing but vent frustration. If that helps you cope, by all means gauge irrelevant sentiment until you're blue in the face. But making yourself feel better does nothing to help ID and its investors.
All you fair weather friends are worth even less than a single IceDrill Profit Unit! When the going gets rough, you start whining about being scammed. If ID were a scam they wouldn't be fighting for us in court, and would have been relaxing on a tropical island a year ago.
When you lose money on a stock, do you go on Yahoo Finance to denounce the company (and your broker) as duplicitous scammers? If you do, please review the 'No Risk No Reward' clause in your social contract!
Don't get me wrong icebreaker, i've already written this investment off as a loss long ago, so I hardly feel that any assessment I make is 'premature'.
Realistically I am expecting the worse, while hoping for the best. I'm saying that future investors will be looking at this thread, and the way in which ID founders have handled this bad situation, and this will affect how willing they are to invest in any new project. It's all in the public domain, so it's in the best interests of everyone involved here for some regular and transparent communication. To their credit, Will et. al have so far been fairly forthcoming in describing the ongoing issues with hashfast, but they've also tried to push unrealistic KYC, attempted to change the terms of he IPO after the fact, and focused efforts on a trading platform which as far as I can tell, serves no useful purpose.
A mixed bag even by the most lenient of standards I trust you'd agree.