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Just a question: does EMC includes TX fees in the miners payments?
Now after the halvening this is more important.
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Put yourself in my shoes for a minute.
If I send out 65% of 3,500 coins (2,275) and 10% of the coins go to the wrong address, someone they shouldn't have gone to, etc. I've just made a $2,750 mistake and am still liable.
Does that sound like fun to you?
So, better to fuck a much greater number of ppl who trusted YOU? |
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You mention that there are 10% of claims not on the list. My issue is that you are claiming you cant pay back the 90% of people because of this.
What exactly is preventing you paying out to the 90% who ARE ON THE LIST?
The solution is if you're not on the list you dont get paid yet. Youre holding 90% of people coins hostage because 10% of people claimed who arent on the list. If you cant see an issue with that I dont know how to explain it more clearly.
Less than 65% of the shares are on the list..... so that means more than 35% wouldn't get paid. The claimants of the over 4k are very well respected and well know in the community. Can you see the conundrum here? Why do you condone trusting nefario after he destroyed your entire investment in GLBSE? Do you also condone nefario's inability to do the most simplest things as a reason for someone to not be able to make a claim and get paid? You trusted Nefario enough to take our money. It' soo convenient that now you don't trust him any more. Maybe you should have asked an affidavit in advance? Guess how many investors you would had. Anyway if less than 65% are on the list is due to unclaimed shares and double payments not returned according to Nefario. So ppl unlisted would not get paid now, due to their fault. Maybe they will be later if they act on it and you and Nefario follow up. This is no excuse for you to steal the coins of little investors and ppl who wants to remain private. Clear enough? |
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Fugged about it. I prefer to donate all my assets to someone who sends Giga in jail.
If Giga goes to jail getting anything out of those assets would be difficult. Sounds like a conflict of interest. Probably he can be refunded too under civil law. About jail I think there are laws about selling securities and scamming people. But that's the job for a lawyer. |
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In Italy getting any document authenticated by the city council administration (which is the cheapest and commonest way) costs 15 euros, *if the document is in italian*. Official translations require serious money. Then I would need a lawyer specialized in anglo contracts and such to understand and write whatever shit Giga asks , and for that an arm and a leg would not be enough.
Fugged about it. I prefer to donate all my assets to someone who sends Giga in jail.
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Maybe it could be worthwhile to use the cpu to mine litecoins -and post-ASICs even gpus.
Someone is already gpu-mining litecoins. They say it's profitable.
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because of the block reward change and my GPU mining costs, regular payouts will not be able to be resumed until I receive my ASIC.
Does it means that you stopped mining (when)? Or that you are going to stop at the halvening (until you'll receive ASICS)? edit: now mining pays 0.37 USD/24h@100MHash/s ( http://bitcoinx.com/charts/ ), which is above the average of the last year I think, so you should not have problems keeping paying what you paid up to now (at least in fiat terms). |
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Can I suggest that anyone determined to take action instead of just whining here give their answer to this thread? Organizing legal actions against GLBSE assets issuers who try to not pay backhttps://bitcointalk.org/index.php?topic=127657.0If you give a pass to Giga on this, expect that many other issuers will follow. They just have to cut and paste his lawyer's inventions. |
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For who wants to discuss the pros and cons of Giga's actions there are other threads.I expect that other issuers will find profitable the trick by Giga: https://bitcointalk.org/index.php?topic=127488.0;topicseenSo this thread is open to discuss actions against issuers who try similar tricks to not pay back small investors or who does not want their ID documents circulated. My opinion about it is stated from here onward: https://bitcointalk.org/index.php?topic=75802.msg1353074#msg1353074Here we should discuss just the practicalities of collectively rent a lawyer to get back our property or at least exact retribution against who tries to steal it. I have just 30-something Giga's bonds, out of a total of 140 BTC in GLBSE bonds (value of September 19) and I am ready to pay up to 50% of my bonds value to any lawyer who act against an issuer who tries loopholes to not payback like Giga. (50% of my Giga bonds for an action against Giga and so on). I think we should agree on a legal fee in % of our property equal for all. To be serious we should be ready to put our fee money in an escrow. So anyone who wants to join should answer here quantifying his offer, so that we know how much resources we have. Then we need a lawyer, ideally available to get paid when he recovers our stolen funds. Anyone can suggest one? The work should be easy, since there is a ton of laws that Giga violated from day 1. So maybe just a letter to the Giga's lawyer will be enough to persuade them to send back our properties immediately.
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If some people are unwilling to release their personal details and would rather sign a message with the associated btc address invalidating their claim, I think that those coins can be donated to the Bitcoin Foundation.
So you are ready to accept an email to give the coins to a third party but not to return them to their owners? It makes sense. Perhaps this is all a Bitcoin Foundation long con after all???
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I've decided that gigavps will not get a scammer tag for this. Nefario has proven himself to be untrustworthy, so it would be unreasonable for gigavps to pay out large sums of money based entirely on Nefario's list. Requiring affidavits and proofs of identity are reasonable precautions. It's impossible to strictly follow the contract in a safe way.
Do you realize that if Nefario gave fake info in the list is his exclusive responsibility? Now this is a good alibi isn't it? Since that info could be incorrect Giga is going to keep all the assets of the investors who have too little to lose money in translations, lawyers and official b/s. |
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don't project false intent to scam back to everything he did.
It has already been explained above why this is at all effects a scam. And I see a clear malicious intent because he is asking for things that in many countries cost much more than the asset's value of the average investor. Since I don't think that he is willing to pay for official translations, lawyers and time lost for all of his investors, he must know like anyone else that a lot of his bonds cannot be claimed in this way. |
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He has already all the info needed to pay his investors. If the lists are incomplete, he can start paying who is already in the list. There is no freaking need of any invented legal bullshit.
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He's openly looking for a way to make as difficult as possible for his investors to get paid.
If that were the case it would have been much easier to do nothing than to hire a lawyer The difference is that he is not anonymous, and that in this way he can steal legally (or quasi-legally). See the light? |
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Before giga gets the scammer tag, you would need to give the scammer tag to every other glbse asset issuer, because they did not fulfill the terms of the contract, where giga went to great expense and put himself at great risk to find a way he could continue to pay people, when the easier way would have been to do nothing just like every other asset issuer has done so far.
Yes, I expect an inflation of scammers tags soon. But spare me your delusions about Giga's integrity. He's openly looking for a way to make as difficult as possible for his investors to get paid. |
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Just in case you want to become an accomplice of a crime.
Good point!!! So there is no right decision... The right decision is to send the scammer in a supermax jail in company of Madoff a.s.a.p., since he likes the law. |
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What's going to happen to the bonds whose owners don't submit the required information? You pocket them? Transfer them to bitcoin foundation? Something else?
IMO it will be best to redistribute them among others. Just in case you want to become an accomplice of a crime. |
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The scammer tag is "He made x agreement, he can't or won't keep it". It's a warning about those who make promises they can't keep, and there's a lot of those around here.
Exactly. BTW the legal constraints are just fluff to legalize the stealing of lots of bonds IMHO. |
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RE: the LLC - if I was in his position I'd do the same thing and protect my livelihood and my personal assets.
It does not seems the wisest move in order to that aims, and I actually hope that it will backfire spectacularly. It is more likely a trick to try to steal legally. Neither is wise to ask "how high?" when he says "jump!", since the answer may well be "higher". |
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