this is great news
people jumping gun too early, this is a huge undertaking and could take few years to execute. and this is just a beginning, a glimpse into the future developments around Bitcoin.

Why announce before you can even invest?  Or are even an entity that could be invested in?  Who is funding the initial research and dev?

If the first batch of ASICs comes back flawed, will there be enough capital to continue development?  What if it takes more tries than that?

Personal opinion:

Vague announcements like this only create uncertainty for everyone involved.  Is that how you really want to start a relationship with investors?  It either means that development has only just started (ie it will be a long time before any product) or it's a scam in some way.

lol!

tell me when glbse shares are available

following

Some things dont quite add up. In one post you say you


(Also note the plural, manufacturers).

In another you say:


Which is it? If you are buying the chip, then so can anyone else, and I fail to see what your big competitive advantage would be.

If you designed the chip, or had it designed and you own the design, then you wouldnt have any suppliers to chose from or bargain with (its not like you are going to have any leverage over TSMC to fab it, you are going to have to beg to get a few dozen wafers!)  and the financial picture would look dramatically different.

In the latter case, its also completely unclear where you are. If you are doing design testing, I assume you havent taped out yet, and you are going to need a few million dollar to get that first mask set done and to get your first silicon several months from here - silicon which may or may not work.

Not saying that couldnt be worth investing in, but its a million times more risky than buying chips off the shelve, and Id be careful making bold claims about performance and efficiency if you havent even taped out yet.

 
That makes no sense at all. So you plan to first develop your own chip in the "short term", for the first batch, while the long term plan is to buy off the shelve chips?  Did you mix up first and second quote?

If you mixed them up, Im going to assume the short term plan is to buy Largecoin chips (or more likely, appliances),  and the plans to develop your own chip are just that, plans. In the short run, I also wonder what kind of bargaining power you think you will have over Largecoin, assuming they are legit, since they will most likely have a monopoly on bitcoin asics for quite some time. Not too mention the fact you just declared you want to compete with them.

Anyway, not sure how much information you are willing to give potential investors, but no offense, with what you posted here so far, Id have to think long and  hard about investing all of one bitcoin in your businessplan.

Well, in that case you are not getting my 1 BTC.

Seriously, developing an ASIC costs at least hundreds of thousands of dollars, producing a mask set is in the millions. But once you have that (and ignoring all the rest), producing the actual chips only costs you like a few dozen dollar each, if that.

If your plan is to invest millions in your own chip, only to toss that away soon after and buy chips from other companies who obviously price their chips to recoup their invested millions, well, then, someone needs to go back to the drawing board.

If you are saying someone else is developing that ASIC, then you will have close to zero leverage over them, and calling them subcontractor is deceiving; its a supplier. Either you pay for and own the design and mask set, or you dont. Which is it?

I understand you may not be able to give all details, but the fundamentals of your business plan still arent clear to me.

Am I right saying the IP, chip design (and mask set, assuming there is one yet?) belong to a third party supplier ?

See, the difference between owning the IP (and bearing the associated development costs and risks), regardless if the work is done in house or by a contractor, versus buying a product from a supplier who owns the IP and mask, and took the brunt of the risk, is rather crucial. One is a high risk/high potential multi million dollar venture, the other is not, or at least not necessarily.

Having read the entire thread I don 't understand what its purpose is other than some kind of scam. It doesn't look or sound professional to me and I think it's only to spread fear and confusion. I highly doubt many people will trust any money with this "public" company. If I had the ability to pull something like this off the hell would I do to announce it in some forum. I'd also not look for real investors here apart from suckers to screw over.

If MM is still around (see solominer thread) and screwing with the network I'm all for changing the protocol in order to protect Bitcoin. If >51% are held by a single entity even if Bitcoin would still be able to operate technically the experiment is over. Most people will abandon it and abandon promoting it before it is has become anywhere near mainstream. If this development is inevitable, as some here say, bitcoins doom may be inevitable. Bitcoin will need a wide userbase to support it for quite some time. Even speculators would quickly look for a new game (after having shorted BTC to death).

Seriously people. This is shit. "Tainted coins", MM's empty blocks, now this ASIC monopoly threat, do you honestly expect people will invest more into a project that gets riskier day by day???

To Vlad, good luck. If you succeed, you will make a lot of people lose a lot of money. It's not your fault though. It's the way economics work.

Here's a quote from the late 19th century:

"It is always sound business to take any obtainable net gain, at any cost and at any risk to the rest of the community."
Thorstein Veblen