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hey this is kind of interesting..
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I have some more info from the intersango team and I will post it as soon as I get get a fair summery of it. It seems that they are responsible for it (however they seem/claim to have been tricked into accepting that responsibility). More soon...
the plot thickens? |
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there is no more need to use a third party than there is a need to use a third party e-mail provider..
you can run your own mail server, or you can run your own bitcoin node, etc etc etc.
In the future the resource requirements of running the full client will be out of reach of the general user. you're not envisioning a world where petabyte hard drives are available at bestbuy for $99  |
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there is no more need to use a third party than there is a need to use a third party e-mail provider..
you can run your own mail server, or you can run your own bitcoin node, etc etc etc.
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As for Zhou's "plan" that is precisely what he said he intended to do, a strategy I find to be immensely immoral.
From the sounds of it Zhou was the only one that had any actual day to day ops knowledge of the system. This was probably the best plan given that right now you are basically trying to put together a puzzle with a million pieces and you don't even have the box to refer too for what the fucking thing is supposed to look like. 17 year old asian kids remember everything. His plan was to pay the most vocal people 100% of their claimed amount. Those funds would come directly out of other users pockets. There are x assets and y liabilities. x < y If people are paid 100% of their claims, necessarily those funds are coming out of other users pockets. Not only is this strategy immoral, but it is arguably illegal. Of course the intention there is to save face and to give back funds to people most likely to litigate. I will have no part in anything I believe to be immoral. A little from column A, a little from column B, take what Zhou knows / feels and combine it with your strategy and come up with something that's most right. You guys no matter how hard you try or how much you dig, are NEVER going to come up with the info a DB snapshot would have gave you. You're never going to get actually right, so how the hell can you take the moral high ground here when the bulk of your users are suffering losses and are at the whim of your potentially flawed theories? If you have NO DATABASE there are NO RIGHT ANSWERS HERE. A pile of claims and a pile of money, you can basically make the data say whatever you want. The only conclusive evidence is tx's from within a day or two before the hack, everything else is bullshit pretty much. edit: and even the txid's are only conclusive that the funds were deposited / withdrawn, says nothing of what actually happened to them, with the leverage they could have been tripled or lost completely in a very short period of time... |
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As for Zhou's "plan" that is precisely what he said he intended to do, a strategy I find to be immensely immoral.
From the sounds of it Zhou was the only one that had any actual day to day ops knowledge of the system. This was probably the best plan given that right now you are basically trying to put together a puzzle with a million pieces and you don't even have the box to refer too for what the fucking thing is supposed to look like. 17 year old asian kids remember everything. |
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This is crazy... What is intersangos motivation for dealing with this anyway? I wish we knew their motivation. If we did we might understand this craziness. They should know better.
As I have made painfully clear before Intersango IS NOT INVOLVED IN BITCOINICA IN ANYWAY. Anybody saying Intersango LTD is a partner in Bitcoinica LP IS LYING. My personal motivation here is to help people get back most of their funds, really the only chance you all have of getting your funds back is me. So how about some fucking respect. I could have easily passed this all off onto zhou and I'm sure he would have paid only the larger claims before running out of funds. Does that sound fair?
Your analysis is not only wrong but straight up defamation.
Bitcoin Consultancy LTD is a UK Limited company which is neither owned nor owns any other company.
Intersango LTD is a UK Limited company which is neither owned nor owns any other company.
Bitcoinica LP is a New Zealand Limited Partnership.
Core Credit LTD is a New Zealand Limited Company and the General Partner of Bitcoinica LP.
Core Credit LTD was renamed to Bitcoinica Consultancy LTD significantly after the events occurred.
I personally have absolute no legal obligation to assist in any of this. 100% of my time and effort is donation.
As for Zhou's "plan" that is precisely what he said he intended to do, a strategy I find to be immensely immoral.
Hey seriously, this is out of control, fucking respect for what exactly? I don't speak for everyone and I am sure some people have been very difficult to deal with on this, but I have been EXTREMELY polite and patient dealing with you guys, provided information to you / your team / whoever you are to aid in you in piecing together the puzzle, verified my password (which appeared to be successful), have been completely and totally truthful in all information provided to the best of my recollection. What have I got ? ZERO - and losses adding up EVERY SINGLE DAY. My account is worth more than double today than it was on the day you got amateur hour owned. I understand you may not be responsible, but you are speaking as a representative of Bitcoinica / Bitcoinica Consultancy / United Alpaca Brothership / whoever the fuck has our interest free loans right now, and your personal reputation is not what is up for debate here. As representatives of Bitcoinica, you guys all suck, and how you ask for respect at this point is completely fucked because you have blown each chance you have had to command some. It's sad to say, but at this point in time, if you are still this fucking frazzled how could the data you come up with have ANY chance of being even close to accurate? The unfortunate part is, the ones who scream the loudest get the most attention, and I have been fairly quiet throughout this whole ordeal. Btw. Respect is earned. |
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This is crazy... What is intersangos motivation for dealing with this anyway? I wish we knew their motivation. If we did we might understand this craziness. They should know better.
Goat - you ever get anything back yet? I am still at ZERO!!!!!! As for motivation.. I dunno.. at this point they have to finish this to clear their name... but the longer it goes the worse it gets.. I am not sure how much face they are saving anymore, if any. I do not think they will be able to save their rep no matter what happens. And no, 0 coins returned even though I have been labeled as "accurate" for a long long time now.  Also why are people so happy they are getting 50% back after months? Seems crazy... I never even got an "accurate" yet, what did you submit to get accurate? I have submitted bitcoin txid's and my account has been active since almost if not _the_ first day bitcoinica opened.. |
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This is crazy... What is intersangos motivation for dealing with this anyway? I wish we knew their motivation. If we did we might understand this craziness. They should know better.
Goat - you ever get anything back yet? I am still at ZERO!!!!!! As for motivation.. I dunno.. at this point they have to finish this to clear their name... but the longer it goes the worse it gets.. I am not sure how much face they are saving anymore, if any. |
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i got the same thing too.. this was a few weeks ago.. nothing since.. ryan bitcoinica < bitcoinica.reimburse@gmail.com> Hello, Your account is in the queue and waiting to be reviewed. |
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Dividends paid! .0041 gross, minus our 0.0015 fee = .0026 BTC per share paid to shareholders!
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God I love this forum sometimes.
+1 |
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this is going to get redonkulous.
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I hope you feel this is reasonable.
Very reasonable. It would be good to see some more action in this bond so investors can more easily get in and out. In the absence of that, the liquidity mechanism helps. Yeah, I would like to see some more action on this bond too.. I have tons of capacity right now on the TEEK.A side, could be doing a lot more.. |
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TEEK.A is available at a significant discount quantities of 100 bonds or more, please PM me or contact me on IRC as "teek" as I will be hanging around there now too.
teek
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Interest paid!
Is the minimum liquidity clause of the contract still active? A minimum liquidty level will be established. Each week, on the Sunday dividend day, a bid of 1 BTC per bond will be placed for a minimum of 5% of the outstanding bonds. I ask, because there is a sell order at 1.0 BTC that's been there for a while, and the number of bonds for which dividends have been paid has remained constant for the last three weeks' payments. Hi Brendio - Yes its still active, assuming we are talking about TEEK.A my current ask of .95 does overlap it though, thus I have been filling anything lower than my current ask of .95 when I go to pay interest. teek With all due respect, your contract states that you will place the bid order at 1 BTC. It does not say that this is effected by the fact that you are selling at 0.95 BTC. Fair enough, I guess I should have had some kind of other condition in there to avoid situations where I am buying for higher than I am selling.. I think an argument could be made that I don't necessarily have to buy them from the issuing account, but I do not want to cause any problems. To simplify things I have removed my ASK of .95 and bought the last 3 weeks worth of shares from the (now best) ASK of 1.0. I hope you feel this is reasonable. |
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Interest paid!
Is the minimum liquidity clause of the contract still active? A minimum liquidty level will be established. Each week, on the Sunday dividend day, a bid of 1 BTC per bond will be placed for a minimum of 5% of the outstanding bonds. I ask, because there is a sell order at 1.0 BTC that's been there for a while, and the number of bonds for which dividends have been paid has remained constant for the last three weeks' payments. Hi Brendio - Yes its still active, assuming we are talking about TEEK.A my current ask of .95 does overlap it though, thus I have been filling anything lower than my current ask of .95 when I go to pay interest. teek |
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Dividends paid! .0041 gross, minus our 0.0015 fee = .0026 BTC per share paid to shareholders!
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