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181  Economy / Services / Re: Gigamining / Teramining on: November 24, 2012, 09:19:37 PM
Stop trying to make yourself feel better, you know you are screwing everyone here with this process, personal identification for most people here (not myself) is the basis for alot of this anger and with justification imho.

I am yet to understand why somebody being able to prove they own the private key associated with the account isnt good enough proof of ownership. What does all the other detail you demand have over this? I didnt register any of the information with GLBSE, so what are you trying to do here? i think thats pretty clear, grab yourself minimum 6 TH/s unit from BFL off the mini rigs we all paid for.

Well that was idea from start charge you boys through the nose for these machines making the extra hashes for himself he just has become even greedier little prick trying to get more of yours now that circumstances permit. And I see he must have greased the right people as he still has the golden boy status according to theymos, better screen shot every bit of information you find those awkward posts have a way of disappearing on this forum.

Edit: And now I see the top of the page apparently polls are subject to censorship now as well.
182  Economy / Scam Accusations / Re: Should Giga be tagged as a scammer? on: November 24, 2012, 02:37:59 AM
(...)

Each bond will pay 100% of PPS earnings every 7 days.

The bond will never expire.

(...)

Request for claims

http://gigamining.com/claims.html

Quote
These agreements were offered and subsequently traded on www.glbse.com.  As you may be aware, www.glbse.com has suspended normal operations.  It is the intention of VPS to comply with its obligations pursuant to these agreements to the extent consistent with U.S., international, and local law.  While VPS is not aware of any current regulatory action involving www.glbse.com or itself, it is clear that trade in “bitcoins” is attracting increased regulatory and taxation scrutiny.  Accordingly, VPS has retained the Law Offices of Carlos M. Fleites, to resolve such outstanding agreements in a lawful manner.


If the original contract specify the instrument as "bond", then the request for claims is void. The request for claims is treating the Gigamining's financial instrument as "agreement".

Better quote it before it disappears.

Hope to catch some. How will this work ? Highest bids first ? Looks like there are around 120 bids atm on GLBSE.

Hi Turbor,

I have specifically reserved 500 bonds for issue on Tuesday. It would be my recommendation to place a bid on GLBSE before Tuesday.

Best,
gigavps

Edit: And now I think more about that it is a fraudulent legal document as he surely knew it was bonds he was offering up as it says in his own words I quoted.
183  Economy / Auctions / Re: bASIC pre order for auction on: November 24, 2012, 02:23:21 AM
Anyone considering this should know these have to be shipped to original purchaser and then to you buzzave has already posted on the bASIC forums saying he will not do a BFL and start switching peoples orders around for this type of deal plus it is now 72gh/s for these units. Good luck on the auction.
184  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are litecoins worth 6 cents? on: November 24, 2012, 02:03:32 AM
And unlike btc people have known about ltc from the start there is no early adopter problem with it anyone who wanted to be one has done so or had the opportunity to do so.
I didn't know about LTC from the start, and only a small percent of people know about LTC today, so that's not true.

If you were on the forum just over a year ago there were announcements, discussion of the launch procedure, contest/vote for logo design  all kinds of shit like that so if you or anyone else weren't here for it tough luck, unlike BTC most have no damn excuse if they did not adopt it as on here it was well know what was going on.
Just like people would know about Bitcoin from the start if they were on the Cryptography Mailing list at metzdowd.com in january 2009.

Well they had a lot better chance of it with this forum than some obscure mailing list that most people have never heard of, hell most have never heard of a mailing list, go troll elsewhere. PLONK
185  Economy / Services / Re: Gigamining / Teramining on: November 23, 2012, 11:54:14 PM

I had it all figured out once what he took in on this "deal" it was over twice the amount of the equipment costs getting close to the three times on this even taking into account the ponzi payments he made for the first month or so without the machines he should still have had double what the cost of the machine were laying around which the machines would have had to come out of so plenty of excess. That is unless he spends like a drunken sailor in a whorehouse on payday. BTW for those of you with a litigious nature search on unjust enrichment that concept as it applies to contracts just may be your best friend, and of course the old stand by back up plan issuing securities without a license not exactly an encouraged practice under the laws governing them as they now exist.

I never followed it that close. Is this actually true/documentable?



The original idea as I remember it was for something like 30000 shares @ 1 btc per FPGA rig on two of them, then giga goes to see the butterfly boys at their facility comes back and suddenly his idea goes to four rigs via private placement that time I believe couple of days-weeks or so later BFL announces ASIC. He then comes back for third bite at the time of the upgrade from FPGA to ASIC a no cost option to him he goes with unpaid upgrade at substantially lower than what he received for free and offers paid upgrade path to others for more hash power. That is the point in time I reported him as scammer to Maged. He pointed out to me that it is not the forums problem that people are making bad deals I pointed out to him that the forum facilitating such deals could lead to legal liabilities after that I notice the disclaimer they now have at the top of that sub-section to try to protect themselves from it. True yes documentation well different story as most well know this forum allows you to edit to your hearts content with seemingly no trail kept so as I have already suggested the way back machine may be of some use.
186  Economy / Services / Re: Gigamining / Teramining on: November 23, 2012, 09:36:39 PM
Honestly its better if he sells the whole operation. Im sure he could still get a decent amount for the equipment he has.

Trying to continue the operation if it is practically impossible will be an exercise in futility. Even if he has to buy the equipment personally and quarantine all funds from doing so.


Who do you think has the capital to buy outright?

I had it all figured out once what he took in on this "deal" it was over twice the amount of the equipment costs getting close to the three times on this even taking into account the ponzi payments he made for the first month or so without the machines he should still have had double what the cost of the machine were laying around which the machines would have had to come out of so plenty of excess. That is unless he spends like a drunken sailor in a whorehouse on payday. BTW for those of you with a litigious nature search on unjust enrichment that concept as it applies to contracts just may be your best friend, and of course the old stand by back up plan issuing securities without a license not exactly an encouraged practice under the laws governing them as they now exist.

Do you make this stuff up on your own or do you have chemical help?



No one needs chemicals to state the facts as they exist go back and do the math you sock puppet/shill. Now that may not be so easy if many edits have been made so who knows the way back machine may be needed if it archives this site to get the original details.
187  Economy / Services / Re: Gigamining / Teramining on: November 23, 2012, 09:25:21 PM
Honestly its better if he sells the whole operation. Im sure he could still get a decent amount for the equipment he has.

Trying to continue the operation if it is practically impossible will be an exercise in futility. Even if he has to buy the equipment personally and quarantine all funds from doing so.


Who do you think has the capital to buy outright?

I had it all figured out once what he took in on this "deal" it was over twice the amount of the equipment costs getting close to the three times on this even taking into account the ponzi payments he made for the first month or so without the machines he should still have had double what the cost of the machine were laying around which the machines would have had to come out of so plenty of excess. That is unless he spends like a drunken sailor in a whorehouse on payday. BTW for those of you with a litigious nature search on unjust enrichment that concept as it applies to contracts just may be your best friend, and of course the old stand by back up plan issuing securities without a license not exactly an encouraged practice under the laws governing them as they now exist.
188  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining pool dedicated to knocking out alt coins? on: November 23, 2012, 09:00:15 PM
Is there a mining pool dedicated to taking out alt coins via a 51% attack? 

I would gladly donate my GPU/CPU's to it.... especially when ASICs come out.


Hit Luke-Jr up he is always up for a good coinocide or has been in the past perhaps he can help you out. 
189  Economy / Services / Re: Gigamining / Teramining on: November 23, 2012, 08:54:37 PM
Seriously?  The one person who seeks licensed legal advice and follows that advice, at his own expense, is getting pounced on?


Pftt he is still spending the excess he got from these fools, none of his personal money has been touched.
190  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are litecoins worth 6 cents? on: November 23, 2012, 08:43:23 PM
And unlike btc people have known about ltc from the start there is no early adopter problem with it anyone who wanted to be one has done so or had the opportunity to do so.
I didn't know about LTC from the start, and only a small percent of people know about LTC today, so that's not true.

If you were on the forum just over a year ago there were announcements, discussion of the launch procedure, contest/vote for logo design  all kinds of shit like that so if you or anyone else weren't here for it tough luck, unlike BTC most have no damn excuse if they did not adopt it as on here it was well know what was going on.
191  Other / Off-topic / Re: Should BFL get a scammer tag? on: November 22, 2012, 11:24:38 PM
This is a project technology guys. It's custom made. This is not them slapping together some GPU/FPGA parts and selling them as a package. It's an entire project. The only thing I would begrudge them for is not giving a more realistic shipping or completion date.

Even with FPGA units they had horrible shipping delays, still do for all I know, so it is not like people should have expected anything different with ASICs it seems to be SOP with this company.
192  Other / Off-topic / Re: when all bitcoins are mined, will fees be enough to keep mining? on: November 22, 2012, 10:32:19 PM
If the cost of the mining operation is less than the revenue from that operation than there is profit.

If there are no miners, then no transactions will take place within the network.

If there are no more coins to mine and only live from fees then:
1. What will keep miners from imposing high fees.
2. How many people will stay with bitcoins if miners impose high fees

Miners would not impose high fees. The only way this btc thing can work as it is presented, the world run on btc, is if a single coin is worth tens of millions of dollars equivalent of real world economic output. A tiny fee in that instance can be worth hundreds or even thousands of dollars.
193  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are litecoins worth 6 cents? on: November 22, 2012, 08:12:41 PM
How come litecoins are worth 6 cents when they have no market to use them for? Why do the people who mine, sell and buy litecoins use it, instead of just using bitcoin?

Well same can be said of btc, ~ two years on from when they were worth similar money and it still does not have a sizable market use for them. Yet somehow it is worth around $12 at the time I write this now people can see the similarities in the situation of both and are thinking well if it can happen to btc why not ltc. And unlike btc people have known about ltc from the start there is no early adopter problem with it anyone who wanted to be one has done so or had the opportunity to do so. Then you can add in the reward cut and asic on the horizon which will make getting any return back on the massive amount of hash power out there already dedicated to btc next to impossible so people are searching for way to keep making money off that investment they have made.
194  Bitcoin / Mining software (miners) / Re: CGMINER GPU FPGA overc monit fanspd RPC stratum linux/windows/osx/mip/r-pi 2.9.4 on: November 22, 2012, 01:05:01 AM
the dos prompt wont disappear...

And for those of you young enough not to remember that abomination they now call it a cmd window.
Heh, sorry, it's been 13 years since I used windows in any capacity...

No problem it has been almost exactly the same here (whenever RH 5.2 came out 98-99??) since I went linux but you have definitely taken those linux skills to a level I have not got too yet..
195  Bitcoin / Mining software (miners) / Re: CGMINER GPU FPGA overc monit fanspd RPC stratum linux/windows/osx/mip/r-pi 2.9.4 on: November 22, 2012, 12:54:36 AM
the dos prompt wont disappear...

And for those of you young enough to not remember that abomination they now call it a cmd window.
196  Bitcoin / Hardware / Re: Set-up to run up to 25 ASIC units on: November 21, 2012, 02:30:48 AM

I hope its not true,if it is then we're gonna have to find a mobo or PC alternative with as many USB connections as possible.Any ideas,just in case  Huh

Raspberry or such device maybe  Huh

I'm thinking something like this could be it and as they helpfully point out the front usb can be used internally for an OS drive. Four usb ports on the back, it is not too expensive, 25w max. power my only concern would be it is 32bit only and would that matter for running the mining software.

http://www.ncix.com/products/?sku=69271&promoid=1360
197  Alternate cryptocurrencies / Altcoin Discussion / Re: I want to learn more about SolidCoin... on: November 18, 2012, 12:50:55 AM
my bad

No problem no reason for you to remember the details like I do I lived it and lived to regret it thanks to that fool.
198  Alternate cryptocurrencies / Altcoin Discussion / Re: I want to learn more about SolidCoin... on: November 17, 2012, 11:26:35 PM
I know how it started, but not the rest of the story. And I don't have time to read all forum posts... So it would be great if somebody can provide a summary.

I'm willing to pay like 25 LTC for a summary (or equivalent about in BTC). Maybe more if it is necessary...

Particularly I want to know:

1. What happened to first version of SC, why did it die?
51% attack.  It was merged mined with BTC so this was easy to do for any pool operator.  This is the same reason why no exchange will add TRC, because the possibility of a 51% is outrageously high since the authors didn't bother to change the mining algorithm.

Solidcoin never was merged mined it was the time travel exploit that was threatened..
199  Alternate cryptocurrencies / Altcoin Discussion / Re: I want to learn more about SolidCoin... on: November 17, 2012, 11:07:42 PM
I know how it started, but not the rest of the story. And I don't have time to read all forum posts... So it would be great if somebody can provide a summary.

I'm willing to pay like 25 LTC for a summary (or equivalent about in BTC). Maybe more if it is necessary...

Particularly I want to know:

1. What happened to first version of SC, why did it die?

2. Why SC2 was necessary, what were the features (!), was there SC->SC2 upgrade process (I mean, keeping coins)?

3. What happened to SC2, why haven't it took off?

4. Why do they want to make MicroCash, what interesting features will it have?

Well I was there when it was only an idea so as well as I remember it.

1. RealSolid was an absolute moron who when we had the world just about by the balls decided to pick massive fight with the bitcoin developers/users due to some kind of deep seeded hatred/grudge he had against them. Once this foolishness broke out all kinds of people were threatening to attack the chain and bring it to its knees/screeching halt. It died because he did not want to fix the chain to prevent the problems that could be exploited to actually do the attack.

2. It was not necessary but as he told me when wanting to bail on the original SC it was chance to start over and do it his way. When you upgraded to the SC2 if you had your wallet.dat from the original SC in the SC2 directory then it converted those coins in that wallet to the new SC2 coins. One of the main ideas of the SC2 was the skimming off of the fees to trust nodes which RealSolid controlled plus massive pre-mine of coins in said trust nodes. This was supposed to be for the protection of the network, something I highly doubt as I already by that time knew what a scamming dishonest fucker he was.

3. Pure speculation but I think people just finally got tired of all the drama that idiot liked to create so gave up on it.

4. Continuation of the scam and his plan to become rich from it.
200  Other / Beginners & Help / Re: BTC Demand. on: November 17, 2012, 10:42:16 PM
Question: Is the BTC exchange price (On Mt. Gox, etc) a good indicator of growing demand for coin on a larger scale? Or is it merely a snapshot of demand at a specific moment in time? Or does it not give any clues?

It is good indication of the speculators/manipulators mood that control the price. If it is going up they are on their pump cycle if going down they are in dump mode.
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