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41  Economy / Securities / Re: [BitFunder] btcQuick - Bitcoin Sales Service on: April 16, 2014, 12:11:37 AM
Why is this scammer talking only about USD? Do you people realize he's scamming us? He intends to return a satoshi per share.

We want the inventory that you got from investors back. Bitcoins, the little electronic things that were supposed to circulate, not be taken by you Ascension.

I demand the history of all bitcoin transactions Ascension. Or do we have to sue you?
42  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: April 14, 2014, 01:18:53 AM
Also BTCQuick. Another scam.
43  Economy / Securities / Re: [BitFunder] btcQuick - Bitcoin Sales Service on: April 14, 2014, 01:13:25 AM

The first "Early-Bird" 10,000,000 shares have been posted for 0.00005 BTC each.
Second Batch: 7,500,000 shares will be posted on Friday March 29th for 0.0001 BTC each.
Third Batch: 7,500,000 shares will be posted on Sunday March 31th for 0.00015 BTC each.
Fourth and Final Batch: 7,500,000 shares will be posted at the discretion of btcQuick for 0.0002 BTC each ONLY after all previous share have sold.

How will the raised funds be used?
BTCJam currently maintains loan at BTCJam ( https://btcjam.com/listings/2143 ) with a remaining principal balance of about 300 BTC.

First share batch:
300 BTC of the "Early-Bird" will go towards the BTCJam debt to settle all debts.
The remaining BTC will be used to increase btcQuick's rotating inventory supply to sell.

20% of funds raised from shares after the first batch will go to the current issuer for the hard work, time, effort and success of btcQuick.
The remaining 80% will be added to the inventory cycle.

The issuer is essentially selling off the first 20% of btcQuick ownership to cover a loan, increase inventory and increase profits without directly profiting.

Just some calculations, please correct any errors.

By 31 March, total BTC to be raised:
Early bird: 500BTC
Second batch: 750 BTC
Third batch: 1125BTC

Total: 2375BTC

Out of which, 300BTC will be used to pay back a loan.
375BTC will go to you - the owner / promoter - for hard work, time and effort.

Total inventory: 1700BTC.
This inventory increases by 1200BTC if you sell forth batch of shares too.

During the IPO Ascension took 300BTC to pay off his personal loan. 375BTC he took for himself for work. 1700BTC were used in selling bitcoins. They were circulated. During most of 2013 it went well and Ascension paid dividends and took a large part of profits for himself too.

All of those 1700BTC must be distributed back to the investors. If not, then it's another scam and Ascension is another scammer. Let's see what kind of story Ascension will come up with to tell how he lost all those 1700BTC.
44  Economy / Securities / Re: [BitFunder] btcQuick - Bitcoin Sales Service on: April 14, 2014, 01:01:38 AM
Currently we are awaiting the funds to be released from our merchant account and to be deposited into our bank account. Once the hold our bank account it lifted we will convert all USD assets to BTC and distribute according to our Bitfunder list.

Here is a link to our Merchant Account Statement - April 2014.

That's almost nothing. Where did all the thousands of bitcoins you took from investors go to?
45  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: April 13, 2014, 12:31:21 AM
I am an investor with 100K shares
I went to neo office and is still there the bank is still there the software cpmpany is there and fully fanctioning so what the hell all say are all lost nothing is lost.


There is one investor with 100,000 shares. It's 16Jvm2o4rkooT72FsCvKkhthjqJJ4WmkVY. Is that you?
46  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: April 07, 2014, 07:58:35 PM
^If you know how many shares you got you'll find your public BF address here: http://bitfunder.firstitinc.com/asset-list/. You'll also find it in the last google cache before BF was closed: https://www.dropbox.com/s/vbxit8c0mde7fs6/The-Very-Last-Google%27s-cache-of-Bitfunder-assets-list-1-Dec-2013-18-13-31-GMT.rar

Thank you very much for the links.. but I have no idea how to unpack the data.  Undecided
Could you (or anyone) explain what to do like I'm 5?
I've been able to access my bitfunder account and see the number of shares I have there...


You can't really be that helpless. Just use google. You also must have the private key to that address so you can sign the message. Which means you must have access to the wallet that has that address.
47  Economy / Securities / Re: [BitFunder] btcQuick - Bitcoin Sales Service on: March 20, 2014, 01:32:36 PM
Where is the report about the remaining funds?
48  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: March 14, 2014, 10:58:01 PM

Let me get this straight...  Ukyo (Jon) not wanting to be sued makes you think that you shouldn't sue him?  

No, it's about Danny and others who have large amounts on BTC stuck on weex not wanting to sue. Ukyo doesn't want to be sued which is obvious. Doesn't matter what he wants.

Those who have a lot of funds stuck don't want to sue, especially those who know what happened. If those guys are not suing, that means there is no point in suing.
49  Economy / Securities / Re: [BitFunder] btcQuick - Bitcoin Sales Service on: March 10, 2014, 11:53:46 AM
Why not exlude funds that are affected by possible CC and ACH chargebacks and payout the non affected funds to investors in the next few weeks? When the chargeback windows have closed the remaining funds could be paid out?
Likely a much better solution than waiting up to 12 months to pay out everybody

+1

Hopefully not all the remaining funds are affected by the chargeback windows  ...


I want to get what BTCQuick has left now right away. Ascension must pay investors money as soon as possible. Remaining bitcoins is easy to pay back through dividends right now.

Remaining FIAT reserves must be converted to BTC right away and returned to investors. If Ascension doesn't do that we must assume that he tries to scam us. He buys bitcoins now, but in the future will say that he buys them at much higher exhange rate, for example 2,000 dollars in 6 month. That way he scams most of funds from the investors.

Making us wait for so long is also a way to scam us more. Investors will start to accept that we won't get anything and will stop to demand our money back.

We must demand financial report from Ascension to tell us about all remaining funds right away. If he doesn't give as financial report really soon and return those funds that are available right now, then it means he wants to scam us. Pay what you have now right away. When more funds become available in 6-12 month, you will pay them then!

Don't let this become another scam like so many that happened lately!

Ascension, you must act quickly and tell about the remaining funds right away. You don't have your company any more, there is no more business, if you fail to give us report, we will start to give you negative trust and will sue your company.

Your scamming strategy to pay in 6-12 month is bullshit and we know it!
50  Economy / Securities / Re: [BitFunder] Graet.Loan - Paying 0.05% interest daily on: February 16, 2014, 09:26:05 PM
Graet hasn't still replied why he calls his FIAT business a BTC business. The fact that the business accepts bitcoins doesn't make it bitcoin business.

If you have a hotel that accepts bitcoins, it's still a hotel business. VPN and server business Graet has is an IT business, not a BTC business. So stop repeating that bullshit Graet. Your Crowncloud business is worth X BTC now, it will be worth 20% of X when bitcoin is goes to 3,000 dollars, which will probably happen quite soon. Then you'll go bunkrupt for sure Graet.

Right now Graet should buy bitcoins because the exchange rate is down. Somehow I think Graet still doesn't get it, or he intends to screw his creditors.
51  Economy / Securities / Re: [BitFunder] Graet.Loan - Paying 0.05% interest daily on: January 10, 2014, 11:47:33 PM
Graeme is irresponsible, very bad decision making person. He basicly gambled away our bitcoins by buying super risky BTC securities. The fact is that he could have redeemed all 2000BTC in July and none of this would have happened. He is not denying it because it's true.

Even in October he had a chance to repay most of the debt by doing exactly what I requested. Sell everything he had and buy bitcoins. At that moment it still was 200 dollars for one bitcoin. He would have got over 1000BTC easily by selling all his physical assets and his FIAT businesses and probably around 500BTC by selling his BTC securities in October.

Even as late as the end of October he could have saved his face, paid most of the debt and probably still managed to keep his BTC business Ozcoin. On 23rd of October I wrote what he had to do. If it was up to me, that's what I would have done. Too bad he didn't listen.

I think Graeme is still extremely incompetent, irresponsible person, he never learns. Because he still makes the worst decisions. He keeps investing our BTC into FIAT businesses. The worst and most stupid thing to do is to take bitcoins you owe, convert them into FIAT and invest into a FIAT business. No FIAT business can ever provide returns that simply keeping bitcoin gives. For 2013 the return is around 7,000%. For 2014 it's very possible it'll be again over 1,000%.

How exactly are you coming up with summer 2014 Graeme? What is the exchange rate you use in your calculations Graeme? Are you making assumptions that it will stay at 1000USD per bitcoin until the mid of 2014? Like every time you give us estimations, you assume the best outcome for you? I asked this before and I ask this again, what if it will be significantly higher?

It looks like Graeme already fucked so big it's too late to expect full redemptions and dividends. Do you understand that if I would have forced you into bankruptcy in October it would have turned out better for everyone, including you Grame? Do you understand Graeme that unless a miracle happens you will be forced into bankruptcy? Do you understand that the sooner you'll go bankrupt the more you pay out to your debtors because of the ever increasing price of BTC?

Another thing Graeme always lied about is his BTC businesses. He never had businesses, there was just one, ozcoin. Every single other business of his is FIAT.

So think good what you're going to do Graeme. The sooner you start redeeming the bonds the better for you and everyone else. Forget about dividends. If a miracle happens you'll pay dividends later after redeeming.

Just buy back as much as you can as fast you can. I mean that literally, every second counts. That's what I said to you in October. That's what I say to you now.
52  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: January 01, 2014, 03:51:30 PM
UKYO: I have some GRATE.LOAN in BF, what shall I do with it ?

Graet.loan is in hands of graet, read here.
https://bitcointalk.org/index.php?topic=218324

It's up to graet to redeem the bonds and pay dvidends.
53  Economy / Securities / Re: [BitFunder] Graet.Loan - Paying 0.05% interest daily on: December 29, 2013, 01:40:41 AM
The events that followed which ere not under his control have surely put him in that financial state.


This is not true. His portfolio of BTC securities was valued at around 1k in bitcoin in July. His physical assets were valued at more than a hundred thousands of dollars. His BTC income was over 30BTC a month.

The only reasonable thing for an honorable man to do at that moment would be to sell as much as was needed to redeem all 2000BTC. He could have redeemed all his bonds at that time. Instead he gambled with our bitcoins by keeping his extemely speculative bitcoin securities believing those securities would go up even higher.

I know it was stupid to lend in BTC, so I learned my lesson. Others who have these bonds probably learned it too. You don't have to tell us that.

The fact that Graeme lied in his contract is true. His behaviour and actions show how irresponsible he is towards his debtors. I always paid my debts the first chance I got, that's the only honorable thing to do. He had a chance to redeem 100% of BTC in the summer, he didn't do that.

Graet is not honorable or responsible.
54  Economy / Securities / Re: [BitFunder] Graet.Loan - Paying 0.05% interest daily on: December 28, 2013, 09:58:32 PM
Graet is an honorable man.

No, an honorable man wouldn't lie in his contract.

Quote
Graet lost his sources of BTC revenue

If he didn't lie in his contract where he said this loan is not tied to the success or failure of any business, then he would be an honorable man.

Back in October when the BTC exchange rate was a bit over 200USD, I wrote this.
So, stop paying dividends, sell as much as you can what you own, I don't care what you, just redeem as much as possible as fast as possible. I'm prepared for no dividends and less than face value rather than dragging this into 2016, when we'll lose almost 100% of our investments.

I was totally right, every second counted. But he was spending his time on holidays, no worries. At the same time he says, his portfolio lost most of its value. No honorable man with so much of other people's money, 2000BTC, would let that happen.

An honorable man wouldn't hold any extremely speculative, risky, overvalued bitcoin assets if he had other people's coins.

An honorable man wouldn't issue this kind of loan without 100% BTC collateral in the first place.
55  Economy / Securities / Re: [BitFunder] Graet.Loan - Paying 0.05% interest daily on: December 28, 2013, 04:49:13 PM
i'm surprised he didn't come here and give an update, he would rather argue with me for 30minutes in #bitcoin-aus than just give an update on here.

I told him about 5 times yesterday to come here and give an update.

He lied in his contract and is ashamed of that. So he prefers silence. I think he will give an update only when he has the money to pay both dividends and redeems. Which will be summer 2014, if we're lucky.
56  Economy / Securities / Re: [BitFunder] Graet.Loan - Paying 0.05% interest daily on: December 27, 2013, 07:50:23 PM
He's is waiting for other people who owe him. That means he lied in his contract.
57  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: December 19, 2013, 08:15:43 PM
That's probably some site glitch. I'm more worried about my remaining 94% than the number on the site that Ukyo can change anyway he wants.
58  Economy / Securities / Re: [BitFunder] btcQuick - Bitcoin Sales Service on: December 18, 2013, 01:25:07 PM
I still haven't received any dividends that were promised to be paid two days ago. It's now 18th of December.
59  Economy / Securities / Re: [BitFunder] btcQuick - Bitcoin Sales Service on: December 17, 2013, 10:50:25 AM
What happened to yesterday's dividend?

+1

They kept it for themselves.
60  Economy / Securities / Re: [BitFunder] Moving Forward/Resolution Process on: December 16, 2013, 03:16:31 PM
It's over 5PM, Monday 16th. Where is the update?
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