Bitcoin Forum
May 24, 2024, 05:01:32 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 [56] 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 »
1101  Economy / Securities / Re: An open letter to LTC-GLOBAL members who are downvoting BMF on: December 24, 2012, 07:55:06 PM

I was thinking.  If you really are just trying to wind things down, we could do a very limited time listing or something.  We'd need to see a rock solid plan up front and set a pre-determined termination date on the asset.  I have the ability to lock assets against trading, so the asset would never trade.  You'd just use it as 'tokens' to allow people to:

1) claim their shares with you
2) trade those shares with you for shares in other assets on the exchange

Does that make sense?

Cheers.


I'm sending you a PM now at depived's advice.
1102  Economy / Securities / Re: Final public post EVER regarding NYAN, BMF, and CPA claims. on: December 24, 2012, 07:53:17 PM
As it's Christmas, here's an explanation of how to do the shut-down process on BTC.CO.  I assume you'll get moderator approval to close-down - though it could take a day or two (not seen much that didn't take a few days).

Import the shareholder data via burnside.

Make an extra account each for yourself, nyan and CPA (think those all own BMF shares).

Transfer to each of those accounts the number of shares of BMF they held.  Transfers are free on BTC.CO.

Make a simple spreadsheet listing each asset (e.g. 100 XYZ shares) with a value column and a status column.  Value column should have your estimated value in if you can value that asset.  Publish the spreadhseet (google is fine).  Now people have something on which to base prices if they choose to trade.

When an asset is converted to BTC (and it's an amount worht dividending) you do the following:
1.  Lock BMF against trading and cancel all market orders.  This prevents someone who bid on old data getting shafted post-dividend.  You'll find option to do this at top of contract details for the asset.
2.  Dividend out the BTC.
3.  Update status in spreadsheet for the asset to "Sold for X BTC, Dividend on day/month/year"
4.  Unlock BMF for trading again.
5.  Send funds received on CPA/NYAN/personal accounts to wherever you want.

You need ideally to get back the cash for mining hardware that you gave to CPA and dividend it out.  If that's not possible then you'll have to add it as an asset then pay it out once it can be returned (either from other sources or from dividend payments received from BMF).

If you end up (and you will) with assets that just can't be converted to BTC at a reasonable rate then sell them by public auction.  So if you have 200 shares of XYZ and XYZ is illiquid/unlisted then just do an auction here selling them in blocks to highest bidders.  That way it's transparent, fair and investors in BMF can get some themself if they want.

I will do this. I will now contact burnside and give him my shareholder data.
1103  Economy / Securities / Re: An open letter to LTC-GLOBAL members who are downvoting BMF on: December 24, 2012, 07:28:36 PM
If you need help, ask!

Please help me. Your accusations against me, for months, have been unproven, even as dozens of others have received scammer tags. People who deserved it. Not like me. Please, someone help me. I have hundreds of shareholders to work thru. Hundreds of holdings. I can't do it without help.

And i can't even list on one of the refugee excghanges because of what you've said, people think I am a scammer, the "scammer without a scammer tag", and I can't even use one of the refugee exchanges to process claims.

There is a diminishing number of people who still have any respect left for you and they can probably help. Just ask and stop whining!

Please someone help me. All I ever wanted to do was the right thing but even now I can't even list to process claims. Someone threatened Ukyo and got me delisted from Bitfunder. I want to kill myself but I can't.

For frack sake, regardless of all that shit you have thrown at me, even I can help you clear up this BS. All you have to do is apologise for all the baseless lies about me and others, delete your stupid accusations and we can move on.

Whatever, as long as the shareholders are happy. I will do anyting just to make the shareholders happy.

I apologize.

Quote
You petty little fuck, act like a man!

I am a worthless, petty, little fuck. Please believe me. All I want to do is pay out shareholders and I am done.

PS! Happy holidays to ya'll,  from the edge of the world!
1104  Economy / Securities / Re: An open letter to LTC-GLOBAL members who are downvoting BMF on: December 24, 2012, 06:57:51 PM
If you're attempting to project an aura of stability, the expletives and drama are not helping the situation...quite the opposite really in MO. I know very little about what you guys are talking about and I don't particularly feel like wading through pages of he said vs he said. If you just want to utilize BTC-TC to close down a fund, then simply state as such in the contract in very simple terms. I doubt there are many LTC-Global moderators that wish to attempt to block your efforts to return investor funds regardless of how they feel about you personally.

Fine I will do that.

but beyond that I am done.

I give up. The trolls win. I GIVE UP.
1105  Economy / Securities / Re: Final public post EVER regarding NYAN, BMF, and CPA claims. on: December 24, 2012, 06:56:41 PM
we had no assets that were not listed on GLBSE. I didn't own anything.

You had mining hardware (delivered and/or pre-ordered).  But oh yeah - you already took the cash from that to (fully or partially) buy out your own/CPA's shares.  Don't suppose you'll be sharing that out equally with the other BMF investors will you?



I will contact each individual investor privately with all the details they will need to claim the shares they are owed as a proportional holder.

The only post I see the need to make here ever again is dumping shareholder lists to bitcointalk. Which is really the only way to prove I'm not a scammer, right?
1106  Economy / Securities / NYAN/CPA final claims process (updated September 22nd, 2013) on: December 24, 2012, 06:41:53 PM
September 22nd, 2013:
1. CPA has paid out on every single contract it owed, and then gave all remaining assets to NYAN.A. It ceases to exist as of now. As the CPA contract said, it existed to expose investors to the rewards -- and risks -- of insurance. It's ironic that the main risk we faced was lack of support from the community considering how much we paid out (and, especially, to whom we paid out). But that's life, and this is the result of the choices those people made. It's far too late to play the blame game now.

2. NYAN.A is launching a motion to close which will expire on October 6th, 2013. You have two weeks to vote. There is no quorum because of the widespread nature of the announcement (bitcointalk.org, BTC-TC e-mail and news, reddit, and personal e-mail). Now is your chance to speak up and vote. I've done what I can, now let's vote on what to do next. Thanks and good luck.

3. BMF is thriving.

As a result of 1-2-3 this thread has no purpose anymore. Thanks and good luck!

-----

This post will be updated with the latest information.
Last Update: June 9th. (please see http://tsukino.ca/bmf/holdings-nav)

Steps in italic have already been completed.
Steps in bold are being actively worked on.

Written Jan 2, 2013:
1. I will acquire and liquidate the assets of BMF to the best of my ability and distribute the proceeds as dividend payments to shareholders of record.
(please see the BMF post for the latest update on what we have and what we paid so far).
2. I will simultaneously liquidate the assets of NYAN.A, NYAN.B, and NYAN,C, making payments to NYAN.A shareholders first until they receive 1 bitcoin per share.
3. If there is a significant amount of assets remaining which we are likely to be able to claim I will apply with burnside for a temporary extension of the end-of-january delisting date.
4. At what point any asset is delisted from BTC.CO I will send a GPG signed e-mail with my OTC key to every shareholder of record assigning them value-in-kind as as their proportion of all remaining assets. As an example, this is very likely to include Hashking debt for CPA holders, Matthew N. Wright debt for NYAN.A/B/C holders, and shares of UDN for BMF investors. This is a fair and equitable way to close the company quickly without forcing shareholders into a long relationship with me that nobody seems to want.
5. As the shares will at that time be delisted, this act will constitute the final payment shareholders will receive and will thus conclude my obligation to shareholders, as all assets will have been fairly distributed. Speak now or forever hold your peace. I'm open to alternate ideas.


Any questions?

Update:
Apr 4th -- We have recovered the 33,828 BitVPS shares for NYAN and will sell them for a fair price and pay out to shareholders. If you are a NYAN.A shareholder please expect some dividend payments soon!

Mar 1st -- Shareholders have rejected gift buyouts of some of my companies, so I paid burnside to go back and manually reverse the buyouts. Since my shareholders do not want a closure of my companies, no further money will be paid on these companies until they have been approved for trade and can resume operations. In NYAN's case this means I will buy back all shares at fair market value. In CPA's case as well. In BMF's case we will resume operations.

---
BMF assets and claim status (will be updated with the latest info)

Top Outstanding Issues:


BFLS.RIG (124 shares)
Dec 30 2012 - we sent a PM to Inaba requesting information.
Jan 4 2012 - Received confirmation of claim today or yesterday. payout address is now confirmed.
Jan 27th - Current auction bid is 2.1 BTC total.
Mar 1st -- was liquidated in auction and paid out.
June -- To date, yochdog/inaba have ignored repeated requests to allow me to change my bitcoin payment address, making this sale an administrative nightmare. Please guys, can we just get the payment address changed! Thanks.

BIF.5-10.MININGBOND (120 shares)
Jan 27th - Need contact info.
May 2013 - looks like it was probably a scam?

BAKEWELL (432 shares on GLBSE + 500 shares on BitFunder)
Apr 4th - No response from Nefario but Ian Bakewell is now a scammer after ripping OTHER PEOPLE off on their bakewell shares now, too. We'll go after him later.
Jan 04 2012 - I will not pursue this again until I get an e-mail from James (Nefario) on this since it's impossible to determine what happened.
Jan 01 2012 - I have sent an e-mail to James McCarthy requesting confirmation of our holding in BAKEWELL.
Jan 01 2012 - Ian responds and says that there was another user with 430 shares on the list (!!!) that user received their shares on BTCT.CO, and sold them.
Dec 29 - Ian Bakewell claims we did not have any shares. I found this odd since I claimed anonymously.
April (or so) - Ian Bakewell is now a scammer. We reserve the right to claim the complete amount of shares we held both from GLBSE and BITFUNDER.
We started a thread for going after him (he's our next target after Brendio). The situation remains unresolved. We will update later as new information is recieved.

BITCOINRS (2,000 shares)
Jan 01 2012 - I have sent an e-mail to James McCarthy requesting confirmation of our holding in BITCOINRS.
Jan 27th update - BitcoinOz has confirmed he (still) did not receive a shareholder list from Nefario. The shares are still in nowheres-ville.[/size]
May: Burnside has revealed (and this has since been corroborated by looking up bitcoinoz's posts) that BitcoinOZ gave Burnside a list of shares that was reconstructed by hand. The implication is that BitcoinOZ knew we owned 2,000 shares and decided not to pay us. This would explain the 180 degree turn he pulled back when GLBSE closed -- he had decided not to pay us and justify it by jumping on the usagi is a scammer bandwagon. We are still owed these shares.

quote author=Bitcoin Oz link=topic=133168.msg1482497#msg1482497 date=1359265631]
quote author=usagi link=topic=133168.msg1482060#msg1482060 date=1359248467]

. We're not on the list of BITCOINRS (fancy that).
/quote]

Nefario has disapeared and has never given out a shareholder list for the asset and BITCOINRS has never appeared on a public list that got its info back from  glbse.

I can neither hand out shares or pay any value out when there is no way to tell who owns what. Paying out one shareholder even if I know they own the shares isnt fair either. Unless Nefario miraculously decides to do the right thing theres nothing I can do and I cant preference one shareholder over another.

I dont exactly know wtf Im supposed to do about it and I cant exactly send someone to break nefarios legs to ensure he does the right thing.

As I own most of the shares personally Ive written off the entire asset because obviously nefario decided to screw me over. Most of the money lost here is mine and Ive lost a lot more than anyone else so we are all in the same boat.

Im sure Im not the only asset issuer in this situation.
/quote]

------
Accepted/Held for BMF (this section to be moved into the BMF post).

COGNITIVE (60 shares) (Market Value: 60 shares asking ~0.59/share for ~35.4 btc)
Claimed and in the BTC.CO account, awaiting processing after we calculate total net asset value.
Jan 12 - confirmation/update - shares are up for sale on btc-tc since a couple weeks ago.
(note--covered out-of-pocket then sold over a period of 6 months)

JAH (725 shares) (Market Value: 725 shares asking ~0.14/share for ~101.5 btc)
Just got contacted by the rastaminer. We have claimed the shares and outstanding dividends on Bitfunder.
"You may choose to receive your fair share of JAH as a bmf holder or get liquidated. We need to calculate NAV first though."
Jan 12 - update, shares were given to us on Bitfunder a couple weeks ago.
(note--covered out-of-pocket then sold over a period of 6 months)

ABM (210 shares) (Market Value: 210 shares asking ~0.14/share for ~29.4 btc)
Shares have been claimed on Bitfunder and will be liquidated or assigned as value in kind once we calculate NAV.
(note--covered out-of-pocket then sold over a period of 6 months)

ZETA-MINING (50 shares) (Recieved 5 btc, expected 5 btc)
Liquidated by Zefir: https://blockchain.info/tx/e4af70173d9443da00b520267e7a5a6ae789ce675b04b6fba79d5d35a05a4d0f
Thank you very much Zefir, for doing the right thing and processing our claim so quickly. We wish you success in any future endeavor.
The 5btc has been transferred to the account on btct.co and will be distributed properly once NAV is established)

MERGEDMINING (92 shares)
likuidxd@gmail.com was contacted before deadline and has not responded yet.
Dec 29 2012 - second e-mail sent to likuidxd.
Jan 2 2013 - PM sent to "likuidxd" on the forum requesting a response.
Jan 2  2013 - Our claim was processed without using the info from GLBSE. I had not seen it on the claims address for that reason. We were paid 2.944 BTC in tx 7b968696a3405fc2913c19d3f68eacd0b5f00385bb82a03f2e2f13bf24d46cac. Moving this to completed claims and scheduling payout now.

RSM (6240 shares claimed)
Claim confirmed with Matthew Holt. Dec.19th: Last we heard he will list on BTC.CO and we will get shares there. Awaiting.
Jan 6 2013 - Shares listed and claimed on BTC-TC. There appears to be an error, we have over 6,000 shares. We should have around 200 to 500 max.
(note--covered out-of-pocket then sold over a period of 6 months)

BTC-MINING (300 shares)
Dec 6 2012 Namjies sent us an e-mail stating he received and accepted our claim and payout address. we are listed at https://bitcointalk.org/index.php?topic=129362.0
Jan 12 2013 - Shares received on btc-tc and put up for sale.
(note--this security was sold at auction)

BTC-BOND (4799 shares)
Dec 31 2012 - We received an e-mail asking us to confirm payout address. We have done so and are listed on here: https://docs.google.com/spreadsheet/ccc?key=0AvwwyRGyc1WgdFItM2RwdWU3VHJMeldkSm1IckZNbUE#gid=0 as holding 4799 shares.
"We received a final shareholder list from GLBSE. ... Your payment for your shares will be processed upon confirmation that there is no issue with the amount shown."
Jan 12 2013 - all shares sold for ~43 btc.

YABMC (30 shares)
Jan 27 - Relisted on BitFunder. We have no dividends, but at least we can sell the shares. . . . for 0.02 or so. We'll post a sale price later.
(note--this security was sold at auction)

NASTYMINING (110 shares, or seats)
Jan 27 - All seats sold for ~32BTC.

DMC (1300 shares, claimed on BitFunder, unknown value)
Jan 27 - Estimated value is 0.1 per share based on holdings of 1,000 ASICMINER and 1000 BTC-MINING. We have the shares on BitFunder. Have sold 300. Will post an update after auction closes.
(note: sold on bitfunder)

JTME (170 shares)
Jan 7 2013 - "Each share will receive .1818 BTC for the liquidation payout." so, expected value here is 30.906 BTC.
Jan 27th - was paid out last week and sent to shareholders already, just posting this as an update.

UDN (1000 shares)
No news -- will attempt to contact the asset issuer shortly. Asset appears to have been a scam. We'll try chasing him down in the trust later.
Mar 1st - asset was a scam.

FPGAMINING (635 shares)
We have the asset issuer's e-mail but don't have any news to report at the moment.
Jan 27th - Current auction bid is 0.127. No response from e-mails.
Mar 1st - asset was a scam.
(note--this security was sold at auction)

ASICMINER (10 shares)
Dec 22 2012 https://bitcointalk.org/index.php?topic=99497.msg1414862#msg1414862
"We received (again) the revised version of shareholders' information from GLBSE." (the complete lists from Nefario)
Friedcat stated earlier he will contact us at the claim address (ref. https://bitcointalk.org/index.php?topic=99497.msg1416143#msg1416143)
Jan 10 2013 - friedcat confirmed in PM we own the shares and can sell them/trade them/whatever.
Jan 27th update  current auction bid is 0.42 per share. Wow! Keep the bidding going on this one.
Mar 1st -- shares were sold last month and divs paid out.

BITVPS (33,848 shares)
Apr 4th -- We are in possesion of ther 33,828 (not 33848) shares, but trading is currently frozen on this security.
Mar 1st -- brendio contacted us last week and has confirmed our shares, but has not yet transferred his shares to us on BTC-TC.
Feb - brendio has claimed his shares on BTC-TC.
March After a final push to contact Brendio he has returned our shares to us (and to everyone). Mission accomplished, team!
March-June -- 10,000 shares sold @ approx. 0.0067/share.

GIGAMINING (10 shares)
GigaVPS has stated he will not return value in any way unless we provide KYC/AML. We refuse. Please note under U.S. Law, you may transfer beneficial ownership of your GIGAMINING shares without GigaVPS's permission, and you may attempt to sue if he refuses to honor his shares.
(note--auctioned)

BMMO (3775 shares)
you announced we were trading in several threads, we traded,  my bmf and cpa shares for the bmmo,  and yes i am on your list, you sent me a claim for both CPA and BMF.  yeah its nothing personal, we traded, the end.  later usagi.
teek

BTCMC (165 shares)
Jan 27th - Current auction bid is 0.05 total.
Mar 1st -- was liquidated in auction and paid out.

Part II: Claims Process Feedback
This is all of the positive feedback I recieved during the claims process while closing down NYAN, CPA and BMF. I have to date not received a single negative comment in feedback.


BMF claimant #24
"I appreciate the hard work you are putting in to return as much value as possible to everyone."

BMF claimant #13
"Keep your time to solve the issue with the trading platforms, try to help you on bitcointalk.org...keep the shares as a donation from me."

NYAN.A claimant #9
"Hi, Usagi Smiley ... Merry Christmas to you and your family Smiley)"

NYAN.A claimant #2
"I am grateful for your efforts to resolve this whole mess after the unexpected closure of GLBSE. I had nearly written off my original investment...If I can also manage to recover most of the BTC I had tied up in the NYAN assets, this would be very good news indeed."

NYAN.A claimant #13
"Thank you for your hard work, I really appreciate your doing the right thing."

NYAN.A claimant #22
"Thanks Usagi, it was a pleasure doing business with you. Will there be any final dividend for CPA?"

NYAN.A claimant #7
"Great, thanks.  I appreciate the professional way that you are handling this."
1107  Economy / Securities / Re: An open letter to LTC-GLOBAL members who are downvoting BMF on: December 24, 2012, 06:30:31 PM
I haven't voted on your asset - at present I don't hold 10 LTC-Global shares TO vote (I trade - not invest).  I've had no discussion with anyone is regards to your listing and have no idea who has voted no (though I can think of a few moderators who will almost certainly vote NO on anything of yours whatever is in the contract).  I can guess who voted No, made comments then changed vote when you changed contract - if it's who I guess then comments wouldn't have been anonymous.

Just had a quick look over the new contract - it's definitely had changes made that address many of the issues I had with the old version.  There's still nothing in there about how the fund is valued and liquidity.  As a fund it should offer liquidity (i.e. a bidwall investors can sell into) at some reasonable fee below NAV/U - obviously with a limit on how much can be bought back (e.g. 5% of outstanding units per day or 5% per week or whatever).  That's how funds work - they offer liquid investment with a variable value (shares don't offer the liquidity, bonds shouldn't have the variable value).

There's also the issue of BTC.CO specific rules on not owning shares in other assets run by same issuer etc (though I guess from memory you may be able to use the loophole that your other assets aren't listed on BTC.CO).  And you may want to check BTC.CO's restrictions on long-term investment vehicles (such as BMF) being barred from investing in other assets that also hold investments long-term.

My last but one concern is that in the past you've shown a belief that you can change the contract of things like funds and bonds simply by owning a majority of them - and have used your own cross-ownership between your various assets to make such changes, without offering a 100% face value exit for anyone disagreeing (a fund/bond shouldn't really have a contract change at all without a full buy-back - but an offer to buyback at full value seems reasonable).  I'm concerned that if you continue you'll vote through whatever changes you like and anyone currently invested who wants out won't be able to get out with cash at full value.

And my final concern is that not long back you were taking cash from sales of BMF's hardware as part payment for CPA's shares of BMF.  Rather obviously that cash would need to be returned if you're doing anything other than closing down - your only justification for doing it at all was that everyone else would be paid out too.  If BMF isn't closing then its most valuable asset (BTC) obviously shouldn't be used to buy out yourself whilst everyone else has to wait a month just to find out whether the company's even closing.

I still think a liquidation and pay out all in BTC would be ideal (or in assets IF some investors would prefer them) then restart afresh if you want to.  That guarantees noone is locked in - and also avoids any ponzi-like behaviour where new units are sold to buy out old ones with the underlieing assets being illiquid/non-valuable/over-valued.

On the insurance thing, no - you never explained the fundamental basis of my allegation: that you acted against the interest of BMF's investors due to a conflict of interest caused by you representing both parties in the contract.  At no stage have you explained how it helped BMF investors to pay for insurance which would then be accelerated (causing them a net loss) if they became entitled to claim on it.  If their NAV never fell they'd pay 520 premiums for nothing.  When, as was the case, their NAV tanked they got zero back (in fact lost 20 or BTC from memory).  Which post explains how that contract (and your decision to accelerate) made sense for BMF?  The contract COULD have made sense for BMF without the acceleration - with acceleration it gives less than zero benefit to BMF (a loss of BTC) in all scenarios.  So no - I won't be admitting I'm wrong as I'm not wrong.  You're still not seeing the difference between "The contract allows me to do X" and "Doing X is in the interest of the investors I represent": To do X (when acting on BMF's behalf) you need to both be entitled to do it AND it needs to be in BMF's interest - the latter is where you went wrong in that particular instance.

Yeah okay whatever man I give up. completely and totally. please see the post i'm about to make about my final public statement regarding nyan/bmf/etc claims. I just totally and utterly and completely GIVE UP.
1108  Economy / Securities / Re: [BTCT.CO] -- SILVER -- on: December 24, 2012, 05:41:36 PM
It's a pretty common model which seems to appeal to some BTC/LTC users.  Not sure why - but it does.

A few questions to usagi

1. Could you please post a photo with something demonstrating that its actually YOUR silver in it.  If you look at other similar offerings you'll see it's normal for there to be a piece of paper with (nick)name/date on in the photo.

Done.

Please see: http://kongzi.ca/silver/

2.  You may want to modify your rather generous exit strategy.  To quote : "For those that do not want to receive their Physical Silver, I will liquidate the remaining bullion and pay out your share value at current Gold spot market value."  Aside from whether you liquidate or not being entirely irrelevant if you pay out at spot regardless, I imagine you intend to pay out at SILVER spot not GOLD. 

Already fixed, but thanks for noticing. Just as an aside I make no secret of the fact I used the BTC-GOLD contract for 99% of what I wrote. I read it VERY CAREFULLY and I UNDERSTAND IT and PLEDGE TO IT, I did not  merely search and replace gold with silver (which is why there were some terms still stating gold as of an hour ago) but I have been working through it and I have made some changes which I believe are for the better. But yes, thank you, I did fix it already though.

3,  Your bullion guarantee is confusing as it refers to gold as well as silver - when fund otherwise appears to only be for silver.  Not seeing how if you hold a mix of gold and silver you can guarantee 100% silver backing.  Unless you also hold more silver than total outstanding units represents- at which point mentioning the gold at all seems irrelevant.  If reads as though the contract was originally written to deal with both silver and gold, then edited down to just silver with some references to gold not removed.

The contract does not state 100% silver backing -- it states 70% silver backing with up to 30% in gold. The reason why is because I already own a substantial amount of gold. I am in the process of trading it for silver. I don't think it is a major issue-- silver and gold for better or worse generally trade together. The plan is basically to hold 100% silver, I am just making an allowance for the gold I already have. If it's an issue I'll just manage the conversion myself and alter the contract to state 100% silver backing -- although I don't see how it could possibly be an issue, it's very clearly stated.

Just let me know what you want to see in the contract. I have a good vision for this but I am open to suggestions. Even from you ;-) You're surprisingly nice when you're not accusing me of fraud, murder, etc.
1109  Economy / Securities / Re: [BTCT.CO] -- SILVER -- on: December 24, 2012, 05:17:26 PM
I just woke up, so pardon me if i missed something, but you are selling silver, and you want to hold it for me, and charge me to hold it, and you pinky swear to send it to me when i want it?

Just like BTC-GOLD and GOLD and every other similar asset, which has already been approved with 6-0 and 8-0 votes? Yes. I do, in fact want to offer a service that people want.
1110  Economy / Securities / Re: An open letter to LTC-GLOBAL members who are downvoting BMF on: December 24, 2012, 05:16:25 PM
If the fund intends to continue (listed on BTC.CO) then there's some pretty basic areas of the contract which would need clarification - e.g. liquidity (it's listed as a fund - so should be committing to maintaining bids for those wanting to sell out), how often reports will be made and dividends paid, how profit is calculated (from IPO price? from last high-water mark? profit only in trading period?  profit based on NAV, market value or just calling all revenue profit?) + various others.  It would also need to come into compliance with BTC.CO's rules on things like not holding other assets managed by same issuer, not investing in other long-term investment-holding companies etc.  

Please see clause #5. I've provided a liquidation clause for all shareholders. I have sent letters to all NYAN.A shareholders specifically advising them of this, and their ability to claim shares on Bitfunder should they wish to go that route as well.

Although now Ukyo seems to be giving me trouble on that end now. Apparently someone has threatened him and as a result he has delisted me from Bitfunder (see https://bitcointalk.org/index.php?topic=130754.msg1418400#msg1418400). It appears I'm totally fucked. Thanks Deprived. You and the other trolls utterly destroyed me. You destroyed my soul. It is now at the point I am probably going to walk away from this. I can't take this anymore. I am going to try and offload the work to the investors themselves. I am not going to spend 100 to 200 hours working through this shit. The community isn't going to support me, so I'm done. You fucking destroyed me. This is the power of words. Your words.

Basically the prospectus needs a lot less "I'm a good manager" and a lot more "This is how things will be done".  But if you're just going to close it down then contract should be replaced with the one actually in force - with a statement that the fund is being closed down, no new units will be issued etc.  I'd hope moderators would then vote yes to unlock it.

On the advice of one voter I completely reworked the contract on BTCT. I then received one upvote. I would like to think I addressed his concerns and he kept his promise of voting yes. I am open to any suggestions. Please don't downvote me because of trolls. it's not fair. I'm open to any suggestions on how we can work through this. Then again I might as well fucking die.

I'm not going to go into the various allegations against you other than to say, as my name was specifically raised, that I've put forward clear evidence of one instance (the insurance that wasn't honoured) which people can find the details of elsewhere but will nowhere find a convincing or credible rebuttal from you.

You have had clear rebuttals from me in the form of explanations that we accelerated the contract, as allowed by the contract. That was the entire fuckinf point of publishing it. So people could see what we were doing. You didn't get it and you fucked me up royally. Augustacroppo agreed as did others. and this is all on record as the most recent posts (page 20/21) of the scam accusation thread against me. Can you please go read that, and post a response? Because it looks like you were wrong. If you can apologize or at least say you were wrong it would go a long way towards people realizing that I am just trying to do the right thing here. What you have said is so damaging to me because people here, they think that people are guilty until proven innocent...

Then again by this point who fucking cares anyway.

My comments above about the contract needing clarification refer to the version of the contract which was up last night - it now appears to have been deleted.

I had reworked the contract. If those comments were yours and the new contract that I made has been deleted because it received too many downvotes from other people I would be seriously upset. If you had voted yes, and if I had been able to vote with my own 13 shares, or even not but could swing the other guy who thought I was a scammer, maybe this could have been salvaged. I seriously want to kill myself for the shit you caused me. But I feel, deep down, I'm a little stronger than that. Just a little.
1111  Economy / Securities / Re: [BTCT.CO] -- SILVER -- on: December 24, 2012, 03:57:20 PM
reserved
1112  Economy / Scam Accusations / Re: Usagi: falsifying NAVs, manipulating share prices and misleading investors. on: December 24, 2012, 03:27:07 PM
Does ANYONE have ANY evidence WHATSOEVER regarding "falsifying NAVs, manipulating share prices and  misleading investors."?

Can a moderator please issue a statement in this thread and close it? Thank you.

Additionally if there are any victims at all -- even one -- of this alleged "scam" PLEASE COME FORWARD.

The fact that not a single victim has ever come forward in over 4 months of this crap is very telling. This needs a final statement and I need to be cleared of this accusation.
1113  Economy / Securities / BMF/NYAN Proposed Auction Post (See Post #29) on: December 24, 2012, 03:17:53 PM

For the latest news...


Fast Forward to Post #29
1114  Economy / Scam Accusations / Re: Usagi: falsifying NAVs, manipulating share prices and misleading investors. on: December 24, 2012, 02:38:47 PM
False? Where is it false. One of the steps of fraud is a false statement.

Yes, false accusation.

Second step if there any motive: usagi did it for profit.
Third step if there are any victims: there are.
Fourth step if there any cover up: usagi tried to wipe all of his statements.

There was no motive. There was no victim. There was no cover up.

You accusation is false.

You see - I am right and you're wrong. Get lost.

You are delusional.

Does ANYONE have ANY evidence WHATSOEVER regarding "falsifying NAVs, manipulating share prices and  misleading investors."?

Can a moderator please issue a statement in this thread and close it? Thank you.
1115  Economy / Securities / [BTCT.CO] -- SILVER -- on: December 24, 2012, 02:03:32 PM
http://kongzi.ca/silver/
-----
I was inspired by BTC-GOLD. I am a silverbug with a large silver and gold
position and I've decided to gauge demand with a silver backed asset. My Goal is
(also) to increase strength of Bitcoins and Litecoins, by allowing the free
and simple trade between the currency and bullion without hassle and added fees.

Each share is equal to 1/10th of an ounce of silver.

SILVER provides an easy way to exchange BTC/LTC for silver bullion with 10
shares equal to 1 oz of physical silver. Please see the pictures of what we will
start with at http://kongzi.ca/silver/ -- To start, we have 40 beautiful 1/2 oz
coins for small orders, all the way up to 1oz, 2oz coins, 1/10th, 1/5th, 1/2 oz
gold and 5oz gold bars. We have smaller odd amounts in grams and in jewelry if
the investor wishes that.

Because each share represents 1/10th oz. of silver, the price of each share
makes it easy for any investor to start or add to their precious metal
portfolio. Silver is just about $30/oz now, so at $3 US a share that's around
0.23 bitcoins/share or so. A reasonable opening price.

SILVER also allows you the option to withdraw your shares and receive physical
silver bullion. With an additional handling fee and shipping/customs fee, you can
have increments of 5 shares withdrawn (1/2 oz.) mailed to you.

OVERVIEW:

By investing in SILVER you are investing into Physical Silver. Various
forms of Silver will be obtained by the operator (myself) ranging in
brand, size, and form, but all silver is guaranteed to be at least .999 pure. In
fact, silver from our primary supplier in Canada is guaranteed .9999 pure.

The amount of shares in circulation at any time will only reflect the amount of
silver and silver-equivalent in gold I am holding physically in 10th ounces at
any given moment. One share is and will always be equal to 1/10th ounce of
physical silver bullion.

TRANSFER, WITHDRAW OPTION, DEEP STORAGE AND SHIPPING:

Share transfer between SILVER listed on various exchanges (ex. if we list on
Litecoin Global or Bitfunder) can be requested. Requests must be made in
multiples of 100 shares. Requests can only be completed if there are enough
unsold shares available on the requested fund. There is a fee of 2 shares per
transfer (1/5th of an ounce of silver).
Please contact the asset issuer to make your request.
Additionally, for a fee of 1 share per transaction, we will segregate your
silver (i.e. tag it with your name and/or private key) and place it in deep
storage. No one will be able to access your silver once it is placed in deep
storage until you personally withdraw it.

You may request to have your shares withdrawn as physical silver bullion and
shipped to you.

You must issue requests in 5 share (1/2 oz) increments.  To do this, please
send the operator a message and I will give further instruction. I will also
require that you pay a 1 share handling fee and the entire shipping expense,
which will be calculated upon your request for withdrawal. Payment for shipping
will be accepted in additional Shares, Bitcoins, Litecoins, BTC-E Code, and
MtGox code.

You will be responsible for the cost of all shipping features you desire, be it
insurance, or the use of another shipping company. (ie UPS or Fedex) After the
entire shipping expense has been paid, I will guarantee that all gold bullion
withdraws requested will ship out on my end, and I will provide appropriate
tracking via the carrier at no additional cost, when available. However,
although rare, the carrier can lose your packages. I am not liable these
mistakes, and it is your responsibility and highly recommended to request
appropriate insurance if you feel it necessary. It is also your responsibility
to check all of your country's laws about bullion importation. I will be
shipping from the Republic of China, so please look into local laws, and be
prepared to pay any applicable taxes, customs or fees imposed by your country.

Please note, I have been buying and selling silver for the better part of ten
years and I have never lost a shipment.

Exit Strategy:

If for any reason I am unable to continue my obligations here, I reserve the
right to shut down operation. In that case, the first option available will be
to receive your Physical Silver Bullion via the mail. The above shipping terms
still apply, but the handling fee will be waived in this case. For those that do
not want to receive their Physical Silver, I will liquidate the remaining
bullion and pay out your share value at current Gold spot market value.

Bullion Guarantee:

Your investment will be 100% backed by Silver Bullion and Gold Bullion, with at
least 70% held in local, secure storage in the form of .9999 pure Physical
Silver coins and bars (please see http://kongzi.ca/silver/). The other 30% will
either be held in .999 or better gold and/or silver. No shares will be issued
unless an equal number of 1/10th oz. are held in storage. In theory, your stock
value should never be worth less than its weight in silver. Of course, silver
has its own price fluctuation up and down, but it is your duty to make your own
informed decision as to whether or not this is an investment that suits your
needs. I recommend you do some research into gold and silver economics, look at
the price trends, and decide for yourself whether Silver Bullion is the best
choice for you right now.


Condensed Version

This is a Silver Bullion mutual fund, operated and managed by myself.  Each
share being worth 1/10th oz. of Silver Bullion. I will buy .9999 pure Silver
bullion, and will first take pictures to prove the total asset amount, and will
then release an equal amount of shares to how many total 1/10th oz of silver
bullion are in the fund. The silver bullion will then be placed in a secure
location, and locked away until needed. Another feature that this investment
has, is the option to physically withdraw from the Silver Bullion asset. In this
case, I will send you your physical silver (or in value-equivalent gold if you
request it and it is available) in the mail, of course I will require that you
pay shipping and customs/duties, and there is a small fee, but that is listed in
the shipping terms above.

The best part being, since there will never be more or less shares owned and on
the market than I currently have in the vault, everyone could withdraw at once
if they really wanted, and no one would have to wait, and there would be no
"bank run." Although, I will mention, your best deal is to just own the SILVER
shares, and not have them physically shipped. The whole idea of this asset is to
give a liquid Silver to currency asset, where you don't have to deal with your
own country's taxes (VAT and other import or customs taxes to be specific) and
you don't have to deal with the shipping cost.
1116  Economy / Securities / Re: usagi, NYAN, BMF do not own DMC shares on: December 24, 2012, 03:06:12 AM
You never gave me an address to send the 5 BTC to. I asked repeatedly for it.

Where did you ask? There's no record of it on here as I'm aware.

You can send it to my firstbits. It's my well-known public address.

1usagi8WQJvnCoyV21XSZyUHhC6MzfksW

I think last time I asked was before you ragequit IRC for over a month.

There, I sent the 5 BTC. Now you can't claim I don't pay people that I owe.

I would never dream of claiming something that wasn't true. Like you did when you said I didn't own any DMC. That was stupid and very damaging to me.

And I didn't ragequit you moron. I posted what happened. Sheesh you really are stupid.
1117  Economy / Securities / Re: usagi, NYAN, BMF do not own DMC shares on: December 24, 2012, 02:25:28 AM
You never gave me an address to send the 5 BTC to. I asked repeatedly for it.

Where did you ask? There's no record of it on here as I'm aware.

You can send it to my firstbits. It's my well-known public address.

1usagi8WQJvnCoyV21XSZyUHhC6MzfksW
1118  Economy / Securities / Re: usagi, NYAN, BMF do not own DMC shares on: December 23, 2012, 08:23:31 PM
Including quite a number of DMC shares. So you can go fuck yourself.

Are you saying DiabloD3 is lying?

I think what usagi is saying is that his claim for shares IS in Diablo's list - just Diablo jumped the gun because he didn't recognise any email on the list as being usagi's.  Usagi could have used an entirely different email on GLBSE (to the ones Diablo knew he used), in which case he likely already has an email from Diablo confirming the shares (though Diablo doesn't realise it's usagi) so KNOWS his claim has been forwarded.  If that's the case then this thread is pointless and the title is untrue.  Obviously I have no idea if that's the case.

I checked back to see where I got the impression usagi had sold DMC for 0.1 - turns out that was just nyan.b's DMC (the ones obtained in the interesting swap), not all of them.

My instinct and the available facts tell me that on this particular issue usagi is telling the truth and Diablo just jumped to a wrong conclusion.

He only has to confirm with me what the email address is. I will process all the claims no matter what, but I find it very strange he won't confirm what the email he used for the claims process is. Given what is status quo around these parts, I just don't want usagi to scam his shareholders.

Just process your claims. As of right now I have zero e-mails from you on the claim address, so I have no idea what you're planning to do. Your most recent forum post says you're going to list on bitfunder. Great, go do that. It's very convenient since BMF is also listed on bitfunder right now.

but I don't see how it's your job to go picking through the claims list and then troll the forums because you don't see an e-mail address you recognize. Are you really that stupid? That you would make such a dumb statement that I don't own any shares just because you don't recognize my e-mail address? I expected more from you. But being honest I don't know why.

I supported you. I owned 50% of DMC for a long time. I represented you and got your asset back for you and you turned around and stiffed me.. i.e. ripped me off... on the 5 bitcoins you said you would pay me for representing you. And now this. Diablo.. you suck... seriously. I can't believe you would say something so stupid as what you did in this thread. I was not making any noise whatsoever about BMF and DMC. Some people even thought I had sold it. I had not presented any asset lists for BMF or any other company. I was not claiming ownership publicly. So the whole premise that I was scamming people is STUPID. Never mind the mammoth fk'up you made since I actually am on the list.

I wish you and other dumbass trolls would just roll over and die. What a monumental waste of time this has become for me. You and this stupid thread are the best example I could ask for regarding why this forum sucks and is not a good place to do business. Why don't you just do your job and stop bothering me?
1119  Economy / Securities / Re: eskimobob fucked up on: December 23, 2012, 07:24:03 PM
I'm happy to announce we have received another payment of 20 bitcoins!

I'm not sure which asset it represents (no one has said they were going to pay us 20 bitcoins) so I think it's another payment from GLBSE. In such a case we're looking in excellent shape right now. Quite a number of companies are listing on btct.co and bitfunder and I can propose a very tentative, very loose estimate of 0.25 bitcoins per. However, there won't be any shares listed for sale there until after I finish collecting assets and moving the bitcoins we receive into the account and determine what the actual value of these shares will be. Once that is determined I can finally start liquidating shares as some investors have made that request (see previous post; -L means they've requested liquidation so far).
1120  Economy / Securities / Re: eskimobob fucked up on: December 23, 2012, 07:14:48 PM
Record of NYAN.A's holdings of BMF distributed NYAN.A holders. This represents a partial payment towards the full 1 bitcoin value per share you will receive as a NYAN.A participant once assets are collected and a market value is established on btct.co and/or bitfunder. You are advised to respond to the e-mail before the end of January or I reserve the right to liquidate your holdings and send to the address on record.

#   Email   Payment address   Balance      BMF SHARES
1   -   -   9,044   -   
2-L   -   -   200   20.92%   214
3   -   -   160   16.74%   171
4   -   -   100   10.46%   107
5   -   -   100   10.46%   107
6   -   -   100   10.46%   107
7   -   -   50   5.23%   53
8   -   -   40   4.18%   42
9-L   -   -   30   3.14%   32
10   -   -   27   2.82%   28
11   -   -   25   2.62%   26
12   -   -   21   2.20%   22
13   -   -   20   2.09%   21
14   -   -   17   1.78%   18
15   -   -   10   1.05%   10
16   -   -   10   1.05%   10
17   -   -   9   0.94%   9
18   -   -   8   0.84%   8
19   -   -   6   0.63%   6
20   -   -   5   0.52%   5
21   -   -   5   0.52%   5
22   -   -   4   0.42%   4
23   -   -   2   0.21%   2
24   -   -   2   0.21%   2
25   -   -   2   0.21%   2
26   -   -   1   0.10%   1
27   -   -   1   0.10%   1
28-L   -   -   1   0.10%   1
Pages: « 1 ... 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 [56] 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!