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1841  Economy / Exchanges / Re: MtGox fraud investogation (First proof of fraud?!) on: May 02, 2014, 07:47:54 PM
Just wait till the fraudulent Mt Gox is handed over to the paedo- Team Brock Pierce, of which it's looking like most bitcoiners are turning the other cheek (pun...) not wanting to touch this subject with a 10' standing hampton. That, in spite of tossing Bruce Wagner to the curb for mentioning ONLY once a three-prong attack involving an underage boy and two adults.

Then again, Mount Coxs has a nice ring to it, so who am I to say what's right for my fellow bitcoiners.
1842  Economy / Service Discussion / Re: Was not able to purchase my food with Bitcoin at Waves in Vancouver. on: May 02, 2014, 07:40:16 PM
Here in Vancouver, several brick-and-mortar businesses accept zero-confirm transactions using BitPay.  If you are buying a coffee, no one is going to wait 10 minutes (or longer) for confirmation;  it is critical that zero-confirm transactions are reasonably secure in order for this business model to work. 

So let me see if I understand the transaction malleability problem in relation to brick-and-mortar stores:

I pay for my coffee at Waves for 4mBTC.  Assume that to avoid "address reuse," my phone uses the full balance in 1AddressA, sends 4mBTC to Waves, and the rest to a new change address 1AddressB.  BitPay accepts this transaction and I get my coffee.  As soon as I finish paying, I realize that I also wanted a donut.  So I pay for this using what are now unconfirmed coins sitting in 1AddressB.  BitPay still approves the transaction and I get my donut too. 

But my first transaction was mutated, and the mutated version was accepted into the blockchain.  This means that the transaction I used to pay for my donut is now invalid, and Waves/BitPay won't get the money (and I've already left the store). 

This seems like a messy problem to deal with.  If we disallow spending unconfirmed change outputs, then there will be certain cases when I can't actually purchase my donut [without a long wait], correct?  Ideally, my wallet would try to break up my coins so that there are always plenty of fully-confirmed outputs ready for spending.  But how do most wallets actually work?  The Blockchain.info mobile wallet [that I use] sends the change back to the same address, so I'd expect that it would be very rare to have exhausted all of the confirmed outputs.  But for mobile wallets that avoid address reuse [do these even exist?], would it be less likely that you'd have confirmed coins available?

And should BitPay do anything to protect itself?


Very good example to think about, but: did I miss something? I think it won't happen, or at least doesn't have to. When you try to pay for the donut, assuming your wallet makes use of the change utxo which has been malled and is not yet confirmed, will bitpay accept it? I don't know whether they would today, but isn't it trivial to just check each utxo used as input and look at the blockchain to see if that transaction has any confirms? That way, they can accept unconfirmed spends, but not accept unconfirmed spends of unconfirmed spends, which is practically absolutely fine. Except you don't get your donut Cheesy

Unless your wallet is coded to not use unconfirmed change...

Today BitPay would accept it.  Unconfirmed change is used rather routinely although probably will be changing soon.  In your scenario though the bad news is not BitPay needs to figure out a way to return your coins.  You can't undo it and eventually it will confirm (unless a duplicate of the prior output is what confirms).  So you are now out the donut and coins.  Of course the shop will have no clue how to get your coins back, and "you" (or a less educated user) might be kinda upset seeing the donut funds deducted from your wallet but not getting the donut and the clueless clerk having no idea how to get your coins back or even where they went.

If this happened enough the store might just not accept Bitcoin in the future.  Now I am not going all doom and gloom and none of this is unsolvable but you can see how all this starts to get really ugly real quick.  Transaction Ids need to be immutable.  Period.   There is no other viable long term option.  However that is going to take some time so things might get a little clunky for service providers before they get better.

It's must likely BitPay, of which I'm sure will be resolved ASAP as soon as it's brought to their attention, for they're a fine org.
1843  Economy / Service Discussion / Re: Was not able to purchase my food with Bitcoin at Waves in Vancouver. on: May 02, 2014, 07:36:22 PM
We're going to celebrate Bitcoin Black Friday in Vancouver! We know it's short notice, but you have to get ready for all of the exciting news. We convinced the first night club to take Bitcoin, and it will be giving 1/3 off cover if you pay via cryptocurrency. A special event will be posted, soon.

We also have the first Indian restaurant to take Bitcoin offering you 30% off food. Waves (famous now for holding the Bitcoiniacs ATM) will be offering a 10% discount. We will announce new deals as they come on our Twitter @TheBitcoinCoop. If you or anyone you know runs a business, please let us know if you want to participate.

To the moon! http://www.bitcoinblackfriday.com/
1844  Economy / Service Discussion / Re: (New York Post) Dot Com Perverts Bag Mt Gox on: May 02, 2014, 07:32:24 PM
http://articles.latimes.com/2001/mar/03/business/fi-32619

Quote
Collins-Rector and former executives Chad Shackley and Brock Pierce left the Los Angeles area as DEN collapsed, and the FBI has been tracking their movements as it investigates.

Collins-Rector and Shackley sold the Encino mansion where the three lived, and an attorney that won a $4.5-million default judgment for former DEN employees has been unable to locate any assets to seize.

My bad! Brock Peirce of the Save Gox plan via Sunlot, a newly formed entity located in Cyprus, should be in position to oversee the New and Improved Mt Gox, since the blockchain is an open ledger, there'll be no way in hell moneys could be misallocated. Or am I missing something?

In case you missed it, Brock Pierce is now Marc Collins-Rector's main squeeze, hence him going by Brock Rector since ~September, 2012. And, unless a leopard loses its spots, a many underage boys worldwide are losing their virginity to this loving couple.

Honestly, I feel sorry for the Mt Gox customers, for I truly know how it feels to be fucked sans lotion up the ass because I, too, am getting reamed by the French (lucky for me they have small dicks) concern Paymium, namely davout, Boussac and Grandval, over my 1,132 BTC they acquired via the InstaWallet "hack" and now residing in one of davout's bitcoin wallets.
1845  Bitcoin / Bitcoin Discussion / Re: Prof. Jeffrey Sachs reams Wall Street Banking on: May 02, 2014, 07:00:56 PM
http://observer.com/1999/12/the-rise-and-fall-of-dana-giacchetto-advised-dicaprio-annoyed-ovitz/

Quote
Along the way he built up his star-studded client roster. In 1995, he moved to New York. In 1998, he merged elements of Cassandra Group with a Chase Manhattan Bank investment division called Chase Capital Partners. The result? The short-lived Cassandra-Chase Entertainment Partners L.L.C. The group had its roots in the friendship between Mr. Giacchetto and Jeffrey Sachs, a 48-year-old Democratic Party operative and friend of the Kennedy clan with a D.D.S. Mr. Sachs was supposed to be on that fatal flight with John F. Kennedy and the Bessette sisters, but canceled at the last minute, according to friends.

http://www.reddit.com/r/IAmA/comments/1va94y/i_am_jeffrey_sachs_professor_and_director_of_the/ceq9qrw

Quote
You know, I've worked on currencies for 30 years but not yet on Bitcoin, but many (many!!!) people have been asking me about Bitcoin recently, so I need to start my own education on it. Sorry to be a laggard!
1846  Economy / Service Discussion / Re: More proof that savegox.com is a sham. on: May 02, 2014, 05:53:33 PM
Hmmm, interesting research, Phinnaeus Gage.

So, according to your theory, Collins-Rector, the ringleader, was used as a fall guy, which allowed the FBI to close the case and obtain a couple of reliable assets with expertise in Internet technology and showbiz, whom they are now deploying to take over MtGox. The IC do this stuff all the time, so it's not implausible due to scope/scale... but, what would the purpose be?

Tracking major SR vendors? They probably have all the info they could get from MtGox, given how hackable/insecure the site was.

Controlling a major Bitcoin exchange? It would be equally easy to set up a new one... and MtGox's broken reputation makes its marketability uncertain.

So what could the purpose be?


Quote
Ok, listen up you retarded little shits, because I'm not going to repeat myself. There's only two possible outcomes.

1. They don't find the coins Well trolofuckinglol, we just paid them 10m for someone to tell us there are no coins left. We already knew that, but we're going to pay someone 10 million dollars to tell us again, in case reality isn't sinking in. It doesn't even take 10 million to liquidate the company.

2. They find the coins So after extorting us for 10 million, they get a 10% cut of whatever they find. That's a maximum of 65k btc, or 30 million. Oh, and they get 84% of the company in the end. Oh, and our debt is converted into fiat at a fixed rate of $450, and we get payed back in fiat, not bitcoin.

In the meanwhile, our funds are held hostage for over a year, and we get a pitiful 16% of a stinkhole they show no signs of supporting.
And you know what? These people are insiders, liars, and vultures, they know how this will end, it's just a matter of how much they profiteer out of this.

ScamGox 2014 Thanks but no thanks, I've been goxxed enough. I'll take liquidation over this mockery.

For most people with large sums stuck/lost in MtGox, even if what you say about Sunlot is true, it's STILL preferrable over liquidation. Getting goxxed by capitalist vultures is preferrable over getting goxxed by Japanese lawyers who just want to get rid of a hot potato the easiest way.

That some people would rather get ~20% or less of their funds, rather than the same quantity (or a little bit less) PLUS the possibility of recovering the rest over time, is mind-blowing.

Leading the push for liquidation on the customer/creditor side is Oliver Janssen (mtgoxrecovery.com, anarchystar). His motivation seems to be REVENGE. He doesn't care about the few millions he lost at MtGox -- odd behavior for a millionaire, but it seems his focus is on getting Karpeles behind bars.

AFAIC, even if Sunlot are FBI stooges, they are preferrable over liquidation.


D.E.N. OF INIQUITY ; CHAIRMAN’S EXIT FOLLOWS PEDO SUIT

http://nypost.com/1999/11/03/d-e-n-of-iniquity-chairmans-exit-follows-pedo-suit/

Quote
The chairman and co-founder of the red-hot Internet start-up Digital Entertainment Network resigned after settling a lawsuit alleging he sexually abused a 13-year-old boy.

Marc Collins-Rector, 39, hastily departed from the company last week – just a month after it filed for a $75 million IPO.

Two weeks after the company filed its documents with the SEC, Collins-Rector was served with a lawsuit claiming he picked up the 13-year-old New Jersey boy online in 1993.

The suit alleges that Collins-Rector – who previously founded the company Concentric Networks – met the boy through a Concentric bulletin board using the name “Cyberpoet,” Businessweek.com reported yesterday.

After allegedly offering the boy a job and flying him to his home in Bay City, Mich., Collins-Rector “used his age, his corporate position, his home, his wealth, and his maturity to commit acts of sexual abuse,” the website quoted the lawsuit as claiming.

The relationship allegedly continued until 1996, with the boy visiting Collins-Rector after he moved to Beverly Hills to start DEN.

Ronald Palmieri, a lawyer for Collins-Rector, denied the allegations in the suit and said it was settled “amicably” two weeks after it was served.

He declined to say whether the settlement included any payment.

In a statement, DEN said Collins-Rector had planned to leave the company to launch another technology start-up, and the claim against him “accelerated” his departure.

Palmieri said his client hastened his departure to make sure the lawsuit did not adversely affect the company. “DEN was preparing for its IPO, and Mr. Collins-Rector did not want any negative impact of the unverified allegations to come against the company,” Palmieri said.

When Collins-Rector resigned, he was followed by the two other co-founders, Chad Shackley, 24, and Brock Pierce, 18. Shackley and Pierce were not named in the lawsuit.

Collins-Rector will hold 46 percent of the company’s equity after conversions, his lawyer said, and his voting power is in the hands of two outside directors.

DEN – which has backing from giants such as Microsoft and Dell – produces short streaming-video for the web.

A Chase Manhattan venture fund holds an 8.09 percent stake in the company, as does Cassandra Chase, a venture partnership between the bank and money-manager to the stars Dana Giaccheto. Cassandra Chase is separate from Cassandra Inc., which is Giaccheto’s company that buys blue chip stocks for the likes of Leonardo DiCaprio.

One stunned investor in DEN, upon hearing news of the lawsuit, simply said: “I don’t believe that.”

The investor went on to say the company would succeed anyway.

“I think they’re a cutting edge content-provider, and they have a good chance of winning in this space.”

Disgraced stockbroker Dana Giacchetto surrenders on federal fraud charges after already ripping off A-list stars

Quote
Giacchetto gained infamy in 2000 when he was charged with stealing nearly $10 million from the likes of actors Ben Stiller, Matt Damon and Tobey Maguire.

Prosecutors said Giacchetto used his stolen riches to prop up his investment firm, the Cassandra Group, and fund a lavish lifestyle on the Hollywood party circuit.
1847  Economy / Scam Accusations / Re: AMT users thread. on: May 02, 2014, 05:20:16 PM
Loshia,

I do not see your point in all this bashing of AMT.  I think you should leave this board.  Same with Phin.

All AMT customers want is some compensation for their investments.

We already have the legal aspects handled with the class-action lawyers.  If AMT want to work out a solution that gets everyone compensated then that's good for everyone.

The Technobit AMT board looks like a good step in the right direction.  Now we obviously can't trust AMT,  but there are already plenty of organizations that are monitoring AMTs every move.  

So your constant bashing of AMT does not help.   We already know that they have a very low competence level.  However, we want them to come up with a way to compensate everyone who lost money.

You are no help and should disappear!  You really are a nobody that just happens to own a techno-bit board.  Phin is a nobody who doesn't even mine BTC.   I think you folks over estimate your importance in this entire AMT fiasco.  



+1 to this. The goal here should be to get some productive results here. And hopefully getting AMT on here a bit more to comment on things vs us just speculating on whats going on. mrpark is on to something with the whole situation. The communication needs to improve. Even if its a quick update on things. Obviously some of the legal crap cant be commented on. But maybe we can get some updates on other things. A bit of transparency can go a long way in easing these tensions people are feeling right now over things.  But the useless poserko comments I assume loshia still posts serve no purpose any more. Or every did for that matter.

Thanks opieum2, as everyone can see I am a very friendly and forgiving guy who only wants to see the right thing done for everyone here on this board in the end.  I have a lot of experience calling the shots in the real world, most of the time businesses will give me what when there is a problem because I can be very persistent.

AMT_Miners - I propose that I bring my crushed miner back to you (I reversed the FedEx shipping after a week of you not pickup it up), and I exchange it for a brand new working one. I will only bring one of my armed bodyguards (permitted to operate in PA) with me just to make sure I have no problem transporting this $6,000 miner to my car. I've arranged this with my security team, and there is no problem for me to meet you anywhere (and I mean ANYWHERE, even a residential address) and at anytime at of a place of your choosing in PA or NJ. It would be great if we could test it together first to make sure it hashes at 1.2T. Please let me know if you have another idea for me.  It would be a great time to meet me to see that I am real, and not just talk. Let me know where we can meet up face to face... Again, leaving it up to you to make it happen.

Armed bodyguards, lol. We're salesmen and technicians, what are you talking about! First we're going to fulfill everyone else's order (refunded or upgraded) prior to your original order number, and we'll get back to you at that time. We were not aware that you had reversed the fedex, usually fedex attempts 3 drop offs and holds it for pickup.

I am sorry that I require a body guard to meet you in person, please understand that the address on your website does not reflect your real address, and you have moved out of you location. As I've said I am someone who doesn't leave things to chance.  That being said, I am willing to meet anywhere if you like. I am glad you are willing to help me, and I will do all I can to assess and rectify the situation with you. Fed Ex said they would try you for 7 days, but after 5 days I had it reversed. Again, I apologize for this.

Again, please stop spreading rumors. It is our real address and we have not moved out. We usually have staff in that office but to several setbacks which we've already mentioned and will not repeat at this point we have not been able to get to the office until later in the day.

You'll come when we email when we're ready for you, and you can bring whom ever you want, bodyguards and all. Until which point we'd appreciate it if you kept your comments to yourself.. We understand that you'd like to resolve this situation, and we too would like to resolve this situation with you, but from this point forward we're going to care of the nicer guys, and let complaint filers and customers that don't believe in us join the class action.

More proof that Joshua Zipkin has lost his motherfuckin' mind!

10 years down the road, somebody is going to read this post and concur that that Phinnaeus Gage dude was spot-on.
1848  Other / Off-topic / Re: William Shatner on: May 02, 2014, 04:57:05 PM
Quote
Whoa you kinda shocked me there.  Glad he's still ok.

I was shocked too when I ONLY read his name trending at #1 on Yahoo while checking my emails. That's the first thing that went through my mind. When I learnt the truth, I opted to fuck with my fellow bitcoiners.

Most here, I believe, love the dude, as do I. Probably one of the best actors that even lived on... (what the fuck am I penning?)
1849  Other / Off-topic / Re: Breaking News: Mark Karpeles of Mt Gox hanging himself with a network cable. on: May 02, 2014, 04:51:04 PM
http://www.dailytech.com/Bitcoin+King+Pt+II+Mt+Goxs+Dictator+Karpels+Proves+Tragically+Flawed/article34452.htm

Quote
Bear in mind, these boastful blogs came just months after he had been fired for the second time in just two years and having blogged that he had seriously considering hanging himself with a network cable from a high-rise window.



Of all the times he has looked in the mirror, how could he missed seeing that his plan won't work. The noose would slip off.

He has no neck! No wonder it would just slip right off his head.

Hence the OP. FYI, he does have a neck, but this particular camera angle of him fits perfectly with the quote, so I juxtaposed the two. At least we all learnt that the noose option is still available, thus there's still hope.
1850  Bitcoin / Bitcoin Discussion / Re: GOLD can now be made in laboratories and what it means for bitcoins on: May 02, 2014, 08:02:41 AM
We have particle accelerators that have made much more difficult elements then gold.

The problem is it'll probably cost you 10K in electricity alone to make 1 atom of gold.

Maybe Butterfly Labs should advertise one for pre-order.

And, Brock Pierce can secure the VC. For marketing, invent a pseudonym like Wawaska Plutomi, having him pen a white paper...
1851  Economy / Service Discussion / Re: More proof that savegox.com is a sham. on: May 02, 2014, 07:35:41 AM
Quote
That evening, according to the suit, Collins-Rector entered the boy's room and "moved his hand down [the boy's] chest, repeating the question, 'Do you trust me?' "

Mt Gox former customer, #29,317, please tell the court what happened next.

Well, I read the savegox.com... and then... then... I'm sorry...

Take your time, for we know this is difficult for you.

Yes, sir. Then I started feeling comfortable. I trusted Sunlot. I... I...

You're, dismissed, #29,317, and thank you for your testimony.

If it pleases the court, I wish to call former Mt Gox customer #29,318 to the stand.

<retired judge removing his hand from underneath his robe... and smiling> It pleases me... I mean, proceed.
1852  Economy / Service Discussion / Re: More proof that savegox.com is a sham. on: May 02, 2014, 07:23:13 AM
http://www.josephmenn.com/other_den.php

Quote
All told, through the first six months of 1999, the company hadn't recorded a dime in revenue and reported a loss of $20 million, including $12 million in salaries and "programming costs." Losing money is hardly unusual for Internet start-ups. But while most spend the bulk of their money on marketing and scrimp on salaries and content, DEN was doing the opposite.

I can't imagine what Brock Pierce will do once he has access to $750,000,000 USD. My first guess is he'll have KnC rent another helicopter hanger and fire up 7,000+ Neptunes.

"honest discovery, observation, and reaction is better than contrived invention"
1853  Economy / Service Discussion / Re: More proof that savegox.com is a sham. on: May 02, 2014, 07:17:01 AM
http://www.josephmenn.com/other_den.php

Quote
According to a company filing with the SEC last fall, David Neuman, recruited from Disney to become DEN's president, was paid an annual salary of $1.5 million. Gersh and John Silva, music industry executives brought in to start a record label, were each paid $600,000. The company's head of marketing was paid $1 million and its chief financial officer $400,000.

Even Brock Pierce, then 18, was paid $250,000, more than most full-fledged Internet chief executives earn. Pierce and Shackley both took executive vice president titles.

I duly hope Sunlot is able to glean enough funds outta the former Mt Gox to maintain their modest lifestyle.

VC 1: I'm going to Taco Bell to pick up lunch. Should I take the Pinto or the Vega?
VC 2: Dude, take the bike. Remember, we don't want to spend anymore of Mt Gox's former customer's bitcoins then we have to.
VC 1: Good call, bud.
VC 2: I was only fuckin' with you, dude. Take the jet to Hong Kong and bring us back some real food. And, if you see a couple good looking young boys, snatch them up as well.

They cannot have Gox.
Have you posted a thread or two on Reddit, yet?
What day is your flight to Tokyo?  Cheesy

I'm not too into Reddit. And, who's to say I'm not already in Tokyo? BTW, Roger says hi.  Grin
1854  Economy / Service Discussion / Re: More proof that savegox.com is a sham. on: May 02, 2014, 07:01:55 AM
http://www.josephmenn.com/other_den.php

Quote
According to a company filing with the SEC last fall, David Neuman, recruited from Disney to become DEN's president, was paid an annual salary of $1.5 million. Gersh and John Silva, music industry executives brought in to start a record label, were each paid $600,000. The company's head of marketing was paid $1 million and its chief financial officer $400,000.

Even Brock Pierce, then 18, was paid $250,000, more than most full-fledged Internet chief executives earn. Pierce and Shackley both took executive vice president titles.

I duly hope Sunlot is able to glean enough funds outta the former Mt Gox to maintain their modest lifestyle.

VC 1: I'm going to Taco Bell to pick up lunch. Should I take the Pinto or the Vega?
VC 2: Dude, take the bike. Remember, we don't want to spend anymore of Mt Gox's former customer's bitcoins then we have to.
VC 1: Good call, bud.
VC 2: I was only fuckin' with you, dude. Take the jet to Hong Kong and bring us back some real food. And, if you see a couple good looking young boys, snatch them up as well.
VC 3: Good call!
VC 4: If he takes the bigger jet, there'll be more room for more boys.
VC 1: I say fuck lunch, and all of us head to Pattaya for the weekend.
VC 5: But it's only Tuesday.
VC 2: I demand to know who gave you permission to look at a calendar.
VC 1-5: <in unison> Jajajajajajaja!
1855  Economy / Service Discussion / Re: More proof that savegox.com is a sham. on: May 02, 2014, 06:48:06 AM
...
Honestly, I ain't got a clue as to how they were able to keep their throbbing dicks in their pants when they left the courtroom while making a beeline to the getaway limo.

The limo was nothing special.
Just a common limo for bankrupt businessmen:



http://www.josephmenn.com/other_den.php

Quote
In 1984, Collins-Rector and an Orange County businessman named Stephen Fryer founded an Irvine-based company called World TravelNet that electronically coordinated tours and cruises. Its affiliate, World ComNet, sold shares on the Vancouver stock exchange in 1987. The value of the company peaked at about $100 million before it ran into sharp competition from the airline industry and eventually filed for bankruptcy.

"It was so close," Fryer said. "We just ran out of money."
1856  Economy / Scam Accusations / Re: AMT users thread. on: May 02, 2014, 06:33:36 AM
We're not gone, nor moving out right away. We're not running away with anyone's payment either. We've said numerous times that we're working on a upgrade/refund options for all of our clients, as such it requires a complete audit of the company's finances (needed for discovery during the litigation's investigative process anyway) and we're also restructuring of our current business model all together, gearing up to offer hosting as well hardware soon.

We have also been looking at a more adequate facility in Jenkintown and will probably be moving there within the next month. As we have subcontracted SMD services we've also used their facilities as well as other temporary rented facilities for assembly. We feel it's smarter to take a location where assembly and administrative operations can coexist and we're in the process of setting that up now. Also, due to numerous calls from random people asking if we are legitimate, if we exist, if we're a scam, and calls basically bothering the crap out of our neighbors, our landlord has asked to find another place of operations as well. So again thanks to all the wonderful investigative souls on this thread that helped facilitate that one.



Wow!!!!!!! This Joshua Zipkin dude has totally lost his fuckin' mind! I'm pretty sure that BFL's landlord, of which is in the same building, received a 100 Xs the calls, and they didn't have to move.

Dr.: So, Mr. Zipkin, what seems to be the problem with your libido this week?
JZ: Due to numerous calls from random people asking if AMT is legitimate, if it exist, if it's a scam, and calls basically bothering the crap out of my neighbors, I can't seem to get my dick hard to jack off as much as I used to, doc.
Dr.: Here's a prescription.
JZ: Thanks, doc! You're the bestest. FedEx me the bill.

BTW, anybody interested in learning the name of the bank AMT uses in Jenkintown so that too can be shut down due to numberous calls... At least the new facility would be closer to Josh's home, thus putting lesser miles on his mobile office.

Dr.: By the way, Josh, did you see the doctor I recommended to you during your last visit to see what he can do for your problem in referring to yourself in the third person?
JZ: I'll make sure he gets the message, doc.
1857  Economy / Service Discussion / Re: More proof that savegox.com is a sham. on: May 02, 2014, 06:13:51 AM
http://www.josephmenn.com/other_den.php

Quote
For early financing, majority owner and chairman Collins-Rector turned to high-profile individuals he had come to know in Hollywood, including television actor Fred Savage. Former U.S. Rep. Michael Huffington said he invested $5 million.

Huffington later complained that he was led to believe major companies were investing at the same time he was, and on the same terms--which wasn't true. He also said Collins-Rector traded on his name, describing Huffington as vice chairman although he held no such position.

Soon Collins-Rector was jetting across the country for meetings with much bigger players in the worlds of technology and venture capital.

He was smooth in pitch meetings, using a laptop computer to show investors how DEN would transform not only Internet entertainment, but also advertising and e-commerce. One CD-ROM demonstration showed how users would be able to stop a show in freeze frame, then click on an actor's shirt to buy one like it. The technology never appeared on the actual Web site, but investors were impressed nonetheless.

I can only imagine the dog and anime pony show put on in front the I-don't-give-a-shit-court-appointed-trustee/lawyer and the retired judge.

Honestly, I ain't got a clue as to how they were able to keep their throbbing dicks in their pants when they left the courtroom while making a beeline to the getaway limo.
1858  Economy / Scam Accusations / Re: Paymium (Bitcoin-Central/Instawallet) principals stole over a million dollars. on: May 02, 2014, 06:07:39 AM
So, what you're saying is that the following depicting Paymium's financials is inaccurate?
Not really - it's just irrelevant if you want to know Bitcoin-Central has enough reserves in both bitcoins and euros. Paymium could be bankrupt, but still close Bitcoin-Central properly and refund all its users (or not, if they don't have the reserves).

For euros, look at Lemon Way, and for bitcoins... no way to know for now.

And since the only information is from 2012 and only has percentages... I'm not sure what you can even think of the state of Paymium. Many French companies don't send their financials, or somehow Societe.com (which isn't an official government website) doesn't have them.

I'm seeing hard figures, not percentages: http://www.societe.com/bilan/paymium/533264800201212311.html

1859  Economy / Scam Accusations / Re: My 1,132 BTC stolen by Paymium ongoing exchange index via BitStamp. on: May 02, 2014, 05:57:12 AM
1132 stolen Huh??
I have read through a few threads now. OP can't prove he sent Huh

The following are the two URLs I was able to use prior to the "hack":

https://www.instawallet.org/w/rL2DhMWW9tDvs24oFwtiq99zhh7A3ii6bg
https://www.instawallet.org/w/gZh1afVVl5aAtjNwXo0BiYChTxjwln33ab

The following is the one that was returned to me:

https://www.instawallet.org/w/sMceOus2wYrDVAHxA5BssBwB7kgDqC9r4Q (no idea who placed the other two claims on this wallet, but am assuming davout did such to delay my attempts as long as possible)

All three would have had the same IP addresses attached to them of which davout was well aware prior to the "hack", then he disappeared for almost four weeks, returning to this forum on April 18, 2013.

I made it clear from the very beginning on the IW claims thread that the wallet addresses were no longer included in the generated pages. At the first opportunity I was able to do such, I filled out three claims on the forms provided at the time. Even though I never received an email, I heeded the warnings expressed by Boussac, et al. to not resubmit multiple claims, so I didn't do such till Oct/Nov/Dec of last year. Via email, davout claimed that no claims were on file, thus denying my claims, but later changed his tune when he realized that I had overwhelming proof of the smaller claim, for he personally commented on that particular wallet just prior to the "hack".

Sans money laundering and thief, there is no way in hell davout could have amassed 1,384.35491053 BTC as seen here https://blockchain.info/address/16d1yGrEDqSY1xhCnAUWrkahGY2mkWdAYk, especially when he was crying like a baby on this forum because he was conducting the InstaWallet investigation and claims process sans pay.

My grave concerns about InstaWallet prior to the hack was laid to rest by staff member davout, albeit I had intentions of moving my bitcoins from said site, but was delayed due to spending my time with posting about BFL, then on that betsofbitcoin April fools bet. When I finally became aware of the IW "hack", I became one of the loudest voices due to my potential lost, of which Boussac was kind enough to put me immediately on ignore.

<while hunting down a certain post by Boussac having him penning the word ignore, I just found the following thread for the very first time>

I personnally tested my urls on the claim form and it worked.
If you are getting a 404 error it could be that your url is made up.
All instawallet urls that have received transactions are in the database.

Boussac (Pierre) you come back after ignoring questions and the first thing you say to a guy who has lost a shedload if coins is that maybe his URL is made up.

Way to go mate. Good job.


I am not ignoring questions steelboy I am ignoring people who threaten or insult me here or via PM (they are going on my ignore list).

There were three millions wallets created on instawallet.org: how could I possibly answer to everyone ?
The reason we set up an online claim process is precisely because we cannot deal with each and every user by email, post or PM.
Had I started using other means than an online form, I would have been swamped.

I will nonetheless make sure their claims are processed fairly if they come up with a valid url.

May be I did come across it before, because I recall that 3M figure I sometimes refer to. There also was a 21K funded wallets reference, of which less than a 1K have been returned to date.

I posted the quote above to show only one example of how Boussac uses the ignore option, a feat not available much to davout considering that he's staff, thus making Boussac the logical choice to start and maintain the InstaWallet claims thread that he has so kindly locked now.
1860  Economy / Service Discussion / Re: More proof that savegox.com is a sham. on: May 02, 2014, 05:19:54 AM
Would you like to see the list of names of those who combine invested $88M USD to DEN so that they could film a single $45,000 USD budgeted pilot episode depicting the true life story of luring underage boys to fuck up the ass while under the influence of drugs and alcohol and with weapons held on them produced by Brock Pierce?

If yes, it's only 28 pages long and can be seen here: http://amradaronline.files.wordpress.com/2014/04/deninvestorlist-wmbbb.pdf

To this day they're still trying to figure out what the other $87M+ USD was spent on, but they have a clue it involves entertaining other underage boys in exchange (nice word) for sex.

FYI, Brock Pierce is a Life Member of Bitcoin Foundation of which KnC just paid $100K USD to become a Platinum Member, not there's any connection. I'm just saying!  Roll Eyes

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