Hey Yochdog:
Can we get a statement of October operating results and balance statement? And any progress at all on being able to distribute dividends once again? There needs to be a secondary plan beyond "waiting to hear from Nefario", don't you agree?
I will be posting October results by week end. In terms of a secondary plan, I am not sure there is any viable path. If Nefario will not provide records of ownership, there is absolutely no way to verify claims. If you have any suggestions or insight, please share. It seems apparent from other threads on this forum that Nefario will communicate with security issuers who contact (phone) him. May I suggest that you contact Nefario and offer him a significant portion of the October operating earnings of our company for him to supply you with the transaction records. There is no way to hold a vote on that obviously, but I believe you to have the majority anyway, and obviously an executive decision is needed for the good of all shareholders. I believe you to be an honest and honourable and honest man, and this is a best (but slightly odious) solution under the horrific circumstances. I will attempt to contact him, but will provide no personal information. I do not trust the man based on what I have read and heard from other members. Can you point me to the thread where he provides contact info, or where someone has stated phoning him works?
Just to clarify, I was genuinely an idiot and for some reason was mixed up about where I put my bitcoins. I wasn't drawing any comparisons, and I am glad that you're going to act to get what coins you can back to us.
haha it's fine  Well at the moment things is starting to look a bit dire, James has not responded to anyone for several days ( from what I can patch together by the forum posts), which is making me a bit nervous if we are ever going to see the light of the GLBSE documents. //DeaDTerra Wow! Unbelievable! It would still be nice to divide those 400 coins up though. Everyone's vote should not be equal, the votes should be based on the percent of the fund they hold  Hope all is well in Sweden! Cancel that I just talked to James!He had run out of credits on his phone ^^ that's why he couldn't call me. I didn't learn that much but my update can be found here: Disclaimer, I am not here to fight about anything, I am not here to tell you what's wrong or what's right or get into any argument. I am done with that. I am here to share what I have been told by Nefario. If you want to listen, listen if not, I won't force you.
This is the situation described to me by Nefario.
Right now about 50% of the double payments has been sent back.
The script for the payout is still broken and James is working to fix it, so that it doesn't send any more double spendings and so that it takes the double spendings into account.
Nefario, is suggesting that if the double spendings are not returned then your account info will not be included in the asset information/list until the payment is sent back.
He could not give me a ETA but it seems like once the script for the payment is fully function, the rest of the payments should follow shortly.
note:(I am not sure of the actual system of asset claim, if it will be a code system similar to the one Goat was given or if it will be a list of information)
I will answer any questions that I feel like and I will ignore the rest.
//DeaDTerra
Once we decide to pay out the payouts will indeed be proportional, as for the voting it seems like a majority isn't really following this thread so closely. So I decided to wait until the general opinion was clearer. All is good in Sweden, a bit sleep deprived from the travel home but otherwise I am all good  thanks for asking. //DeaDTerra [/color][/color] |
|
|
|
|
Thanks, Yochdog:
Please see my recent posts, including this one:
Economy / Securities / Re: GLBSE Payment Claims (Announce your payment here) on: October 23, 2012, 08:35:50 PM
Quote from: DeaDTerra on October 23, 2012, 08:15:05 PM
Quote from: conspirosphere.tk on October 23, 2012, 08:11:28 PM
Quote from: DeaDTerra on October 23, 2012, 08:01:55 PM
Personally I don't think James is a crook
So holding hostage the property of hundreds of innocent bystanders -not to mention all the rest he has done- is fine for you?
Then you see no problem even in bank robberies I guess.
I have not yet confirmed that this is the reason why he has not released the information to the issuers and I find it unlikely. As it's probably not the issuers that have the extra BTC but the asset holders. In which case a personal boycott of each person which did not send back the double payment would be more efficient.
I will call James and have a chat with him I am sure that he's not holding anyone hostage over this and that it can be explained.
//DeaDTerra
How is it that you have this privileged phone access to Nefario? Why hasn't Nefario been updating to this forum all along with his intentions and actions (and problems)? I would appreciate information to come directly from Nefario, not processed through the filter of your reported phone conversations. Nefario's lack of communication has been the problem all along.
and this:
4 Economy / Securities / Re: GLBSE Payment Claims (Announce your payment here) on: October 20, 2012, 07:49:20 AM
Quote from: dishwara on October 20, 2012, 07:32:49 AM
Perfect business trick.
Nefario was given scammer tag, coz he didn't payback the bitcoins & assets in GLBSE.
Now he sent double payments & ordered to return the bitcoins, which makes whoever received the bitcoins & not giving it back has to get scammer tag.
How many persons will be given scammer tag in this forum for not paying back the double payment?
@Theymos: what you going to do about this?
There is no trick. Nefario holds the records of my asset ownership. He sends that to the issuer and me, I send him back any overpayment. Since your honesty is above reproach, you act as escrow, o.k.? Passes your morality test?
Reply
|
|
|
|
Hey Yochdog:
Can we get a statement of October operating results and balance statement? And any progress at all on being able to distribute dividends once again? There needs to be a secondary plan beyond "waiting to hear from Nefario", don't you agree?
I will be posting October results by week end. In terms of a secondary plan, I am not sure there is any viable path. If Nefario will not provide records of ownership, there is absolutely no way to verify claims. If you have any suggestions or insight, please share. It seems apparent from other threads on this forum that Nefario will communicate with security issuers who contact (phone) him. May I suggest that you contact Nefario and offer him a significant portion of the October operating earnings of our company for him to supply you with the transaction records. There is no way to hold a vote on that obviously, but I believe you to have the majority anyway, and obviously an executive decision is needed for the good of all shareholders. I believe you to be an honest and honourable and honest man, and this is a best (but slightly odious) solution under the horrific circumstances. |
|
|
|
|
Hey Yochdog:
Can we get a statement of October operating results and balance statement? And any progress at all on being able to distribute dividends once again? There needs to be a secondary plan beyond "waiting to hear from Nefario", don't you agree?
|
|
|
|
Personally I don't think James is a crook
So holding hostage the property of hundreds of innocent bystanders -not to mention all the rest he has done- is fine for you? Then you see no problem even in bank robberies I guess. I have not yet confirmed that this is the reason why he has not released the information to the issuers and I find it unlikely. As it's probably not the issuers that have the extra BTC but the asset holders. In which case a personal boycott of each person which did not send back the double payment would be more efficient. I will call James and have a chat with him I am sure that he's not holding anyone hostage over this and that it can be explained. //DeaDTerra How is it that you have this privileged phone access to Nefario? Why hasn't Nefario been updating to this forum all along with his intentions and actions (and problems)? I would appreciate information to come directly from Nefario, not processed through the filter of your reported phone conversations. Nefario's lack of communication has been the problem all along. |
|
|
|
Perfect business trick.
Nefario was given scammer tag, coz he didn't payback the bitcoins & assets in GLBSE.
Now he sent double payments & ordered to return the bitcoins, which makes whoever received the bitcoins & not giving it back has to get scammer tag.
How many persons will be given scammer tag in this forum for not paying back the double payment?
@Theymos: what you going to do about this?
There is no trick. Nefario holds the records of my asset ownership. He sends that to the issuer and me, I send him back any overpayment. Since your honesty is above reproach, you act as escrow, o.k.? Passes your morality test? |
|
|
|
So people should not send back bitcoins from the double payments because there's no reason to believe he'll pay back because he can't cover the loss of the double payment? Is that serious? He has been paying out balances so far, why wouldn't he pursue that? If he wanted to steal those funds he wouldn't have returned any balance at all.
As for screwing BitcoinGlobal shareholders and closing GLBSE without warning... yes, I completely agree it's a very bad move. It doesn't mean he's gone and won't do anything. For once a website suddenly closing isn't running away with users funds. We have every reason to be dissatisfied, but I see no reason to think he will not attempt to process all balances as best as he can. For what his best worth...
The logs of his meeting with BitcoinGlobal shareholders screamed of a court order or chickening out in the face of possible legal issues. It doesn't seems he's closing GLBSE for the heck of it. He claims not having a choice.
People that received double payments have already made up their minds if they will pay back or not. GLBSE will not receive 100% of those double payments back and the people responsible (Nefario and the people that let Nefario have so much control over GLBSE) for the screw up need to reach in their own pockets to make it right. If I received a double payment I would send the extra back, but only when GLBSE sends me an email telling me: (1) they made a double payment, (2) how much I had in my account when it closed, and (3) contain a link to a form on GLBSE that gives a unique bitcoin payment address that will prove that I returned the coins. ^ This, plus (4), a statement of my asset holdings at the time of GLBSE closing sent to me and to the asset issuers so that I can continue to receive dividends from my good faith investments. Quickly, before some other fuck up destroys Nefario's access to the database. I trust his stories of backups as much as I trust GLBSE woudn't shut down without notifying asset issuers of the beneficial owners of shares. He could even, heaven forbid, get sick and unable to function before my next dividends are due. |
|
|
|
I have no intention of using funds that were mistakenly sent to me for my personal benefit (as can be attested to by several members of this forum with whom I have worked out errors). At the same time, I have no intention of returning said funds to an incompetent non-communicator until a plan for remediation of this whole g0d-awful situation is outlined. So back way way off on your attempted moralizing until perhaps you have contributed to a planned solution. The funds that I received in error are a very tiny fraction of my hard eaned non scam assets sitting out of my reach with the incompetent.
javascript:void(0); A plan for remediation? He's currently processing the payment of balances and should afterward work on releasing assets data to issuers. The process is currently ongoing albeit slow. The same address used to receive your balance will be put together with everyone's info and assets balance and be sent to issuers. You'll be able to sign message with your BTC address to issuers which is a safe solution for proving ownership compared to the criticized claim codes used previously. There's not really any solution to further propose. I don't see how keeping the funds would help in anything, other than delaying the repayment of the other depositors. That seems to be your plan for remediation. I have never seen any plan from Nefario, now a proven incompetent on several levels who needs outside supervision and probably escrow even if he does come up with a workable plan for the escalating mess he has caused. " should afterwords work on releasing data" Why, yes, he certainly should. How hopelessly romantic of you to think he "will" do competently what he " should "do" (should have done). |
|
|
|
People should "hold" BTC that is not theirs and they know it is not theirs? People have got the scammers tag before for doing just that... I do not see how this is "safer". You are asking them to accept a liability cuz Nefario is fail...
If anyone received coin that is not theirs they should return it ASAP! It is the correct thing to do.
I'm shocked at what Theymos is advocating here...
Yes Nefario is clearly incompetent but holding on to something that is not theirs is just wrong.
The money isn't Nefario's, either. I trust random recipients of the money more than I trust Nefario. It does not matter who you trust. You are asking people to keep BTC that is not theirs. If anything the money should go to the paper wallet address untill things get sorted out. No, because Nefario can go to the police now esp if he has AML docs on these people. When the police knock on the door and say where are the funds saying Theymos said to keep them is not going to fly. Saying they sent then to someone else will not fly. They must give back the coins ASAP anything else is criminal and scamming. Shame on Theymos for suggesting such immoral actions. I don't trust Nefario either but two wrongs do not make a right. I have no intention of using funds that were mistakenly sent to me for my personal benefit (as can be attested to by several members of this forum with whom I have worked out errors). At the same time, I have no intention of returning said funds to an incompetent non-communicator until a plan for remediation of this whole g0d-awful situation is outlined. So back way way off on your attempted moralizing until perhaps you have contributed to a planned solution. The funds that I received in error are a very tiny fraction of my hard eaned non scam assets sitting out of my reach with the incompetent. |
|
|
|
Yochdog:
Just in case GLBSE were to ever go offline or be otherwise out of commission for whatever reason, do you maintain a constantly updated list of the beneficial owners of BTCMC shares so that you could continue to distribute dividends?
With the high mortality of bitcoin enterprises (bitcoinca,Tradehii, etc.) I hope that you have a pre-emptive backup plan for the security of your shreholders. No matter how secure BTCMC itself is, the GLBSE platform potentially has hacker or other vulnerabilities.
Unfortunately at this point I do not. When I administered the share ownership on my own, I obviously mantained such information. With trading now taking place between 3rd parties without my involvement, I have no right to that information. I am willing to ask Nefario to provide it, but I am doubtful he would oblidge out of privacy concerns. I understand your concern, and obviously it is a weakness at the moment. Can you think of any possibilities for mitigating this (unnecessary?) risk factor? Hey Yochdog: Where do your shareholder stand? Will you be qable to distribute the next dividend? Unfortunately no. I have heard nothing from Nefario. Until that is resolved I am afraid there is no way to know who owns what. I should have just remained private..... May I at least assume that you will not be sending dividends to GLBSE and will rather hold or reinvest them until an equitable solution emerges? |
|
|
|
Yochdog:
Just in case GLBSE were to ever go offline or be otherwise out of commission for whatever reason, do you maintain a constantly updated list of the beneficial owners of BTCMC shares so that you could continue to distribute dividends?
With the high mortality of bitcoin enterprises (bitcoinca,Tradehii, etc.) I hope that you have a pre-emptive backup plan for the security of your shreholders. No matter how secure BTCMC itself is, the GLBSE platform potentially has hacker or other vulnerabilities.
Unfortunately at this point I do not. When I administered the share ownership on my own, I obviously mantained such information. With trading now taking place between 3rd parties without my involvement, I have no right to that information. I am willing to ask Nefario to provide it, but I am doubtful he would oblidge out of privacy concerns. I understand your concern, and obviously it is a weakness at the moment. Can you think of any possibilities for mitigating this (unnecessary?) risk factor? Hey Yochdog: Where do your shareholder stand? Will you be qable to distribute the next dividend? |
|
|
|
Received e-mail a couple of hours ago, but no coins.
"Your GLBSE account has been partially processed. 90% of your funds have been returned to you with this payment. Once we recieve the remaining funds from our treasurer and secretary the final payment will be made and you will be informed. We will also inform you when we process your assets, allowing you to continue your relationship with your issuer."
My coins arrived (90%). |
|
|
|
|
Received e-mail a couple of hours ago, but no coins.
"Your GLBSE account has been partially processed. 90% of your funds have been returned to you with this payment. Once we recieve the remaining funds from our treasurer and secretary the final payment will be made and you will be informed. We will also inform you when we process your assets, allowing you to continue your relationship with your issuer."
|
|
|
|
Hi Yochdog: Are the August financials ready? Looking forward to seeing how my investment is doing, and whether it was wise of me to stick with you rather than go with pirate  |
|
|
|
Assuming he does pay everything back ...
..
All indicators are for downward movement, by my reconing.
Unless your initial assumption is wrong. In that case, people will own 100Ks of BTC less than they thought. yes, that would be the brutal thing. Leverage all your fiat to buy high yielding BTC......aaaaaand it's gone. That would remove a lot of buyers from ever coming back. Like they always say, "Don't invest more than you are prepared to lose" I have no direct exsposure to Pirate, anybody else clean of this mess with me? Me as well. I would have loved to have rode the gravy train if it ends up paying out......but 7% just seemed too fishy. Never went near it. Learned my (bitter) lessons years ago when e-gold was king. |
|
|
|
|
This would be a very valuable service, and given the choice of competing web services I would invest in the one that had a Whitehat Penetration Certification. I would pay a reasonable bounty to a Whitehat company to obtain a report on a given web service that I was considering using (the cost would of course have to be spread over a large number of customers because I certainly couldn't afford to individually pay for penetration test of every web service I was considering using.
|
|
|
|
Dividends have been paid!
Did the month not go well? I thought you were targeting to pay .02 per share rather than .015? |
|
|
|
Yochdog:
Just in case GLBSE were to ever go offline or be otherwise out of commission for whatever reason, do you maintain a constantly updated list of the beneficial owners of BTCMC shares so that you could continue to distribute dividends?
With the high mortality of bitcoin enterprises (bitcoinca,Tradehii, etc.) I hope that you have a pre-emptive backup plan for the security of your shreholders. No matter how secure BTCMC itself is, the GLBSE platform potentially has hacker or other vulnerabilities.
Unfortunately at this point I do not. When I administered the share ownership on my own, I obviously mantained such information. With trading now taking place between 3rd parties without my involvement, I have no right to that information. I am willing to ask Nefario to provide it, but I am doubtful he would oblidge out of privacy concerns. I understand your concern, and obviously it is a weakness at the moment. Can you think of any possibilities for mitigating this (unnecessary?) risk factor? |
|
|
|
|
Show Posts
