Kumala, is there an envisaged date when dividends will resume? The NAV seems to be approaching the threshold of 0.25.
Vircurex showes a number of -0,0324 btc in there august report those number dosent make much sence thou. Do you have any other information about the real number that is higher than that and that vircurex reported numbers is faked then ? Vircurex should have been paying dividend every month, they break there contract with the shareholders. At the moment he refuses to follow the contract and lets the minority sharehloders (30%) pay the 2500 btc+20 000 usd and he(70% shareolder) pays nothing of this himself. He also hasent showed any evidence that vircurex actually lost any btc, other digital currency or the 20 000 usd, so at the moment it looks like vircurex themself is behind it. The way it's looking now kumala will never pay any dividend to the minority shareholders unless people take him to court. |
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I did a withdrawal from WeExchange today, WeExchange gave the folliwing message "Could not connect to 2nd stage server." the withdrawed amount was taken from my balance at WeExchange but nothing shows up in blockchain or in my local wallet. Support Ticket NGZ-212549. Please correct this Ukyo.
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3 and soon 4 days late with the dividend on your loan now ukyu, when will it be fixed ?
Ha, you still care about dividends, when there is a high risk you lose a large portion of your investment? I seriously doubt there is any chanse anyone looses any portion of there investment in Ukyo's loan unless they act in panic. Why would you say there is a large chanse anyone who dosen't sell off in panic looses a large protion of there investment ? There is nothing that indicate that the BTC that Ukyo loaned has vaporised into thin air is there ? Even if he has invested some BTC in fiat investments and btcprice starts to rise there shouldent be to hard for him to take up a secured loans in the fiatworld instead and payback the btcloan on bitfunder or take up some long positions on btc to reduce or eliminate currency risks that otherwise could come with a possible higher btcprice in the future if it ever looks like it could become a problem. |
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3 and soon 4 days late with the dividend on your loan now ukyu, when will it be fixed ?
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I don't have a coinlenders account, how can I receive the liquidation? I do control my bitcoin address which is listed in this thread via the bitcoin-qt client. Surely a signed email from my public address is sufficent? Also, what kind of distribution per share do you expect? You said Graet debt had been defaulted on. His bitfunder listed debt is still paying dividends. BTCINVEST currently owns Ukyo and Graet debt which is not being honored, and given past history it is probable that they may still hold BTCINVEST shares. Are you saying that you will with-hold full or partial distributions to these two individuals as a way to recover some/all of the debt? Im pretty sure Tradefortress means what he said, that the redeem of shares hasen't been honored just like for many other investors. Dividends and possibly some redeems have been made since the October 8 announcement by Ukyo/Great, so i think calling it a default is a bit to much even if they haven't lived up to the contract, as redeems in the pace people have requested for it haven't been done. |
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https://cryptostocks.com/securities/55Ticker SATOSHI Name Satoshi Poker Hi all! Considering that: 1. CryptoStocks only allows 4 digits after the dot, giving the shareholders only possibility to gain or lose share value in 50% increments at 0.0002 IPO price; 2. The community has raised their concerns about the amount the company tried to raise; 3. The company wishes to reward early buyers of shares during the IPO; 4. The company wishes to sell the shares offered at IPO at a higher speed to get ourselves the wanted software package; 5. The rise of bitcoin value; ... satoshi Poker has decided to buy back all shares that have been sold at the IPO and perform a new IPO under better conditions. Here is the new asset description. This asset is being offered for the following purposes: 1. To provide Satoshi Poker a budget to maintain a professional team for service, marketing and security. 2. To provide Satoshi Poker the funds to purchase a new software package with support for all major platforms and in-browser play. 3. To provide Satoshi Poker with sufficient budgets to meet the industry standards in marketing & promotions. 4. To vest our players in Satoshi Poker's future by allowing our players to become part owner, reaping the benefits of their own efforts. Shares Satoshi Poker consists of a total of 10,000,000 shares. No new shares will be issued and no other actions will be taken that dilude the shareholders that purchase the shares. Satoshi Poker was started with a total of 100,000,000 shares, but because of the limitations within Cryptostocks, we were unable to perform a succesful IPO. The original share price of 0.0002 would only allow profit or loss in 50% increments. We will request Cryptoshares to de-issue 90 million shares. If this is not possible, these shares will be declared void. Dividends Dividends will be paid on the 1st of every calendar month and will consist of 50% of the total rake and tournament fees collected, equally devided amongst all the shares. Upon paying the dividends Satoshi Poker will release detailed financial statements with their income, expenditures, player balances and other reserved funds. Initial Public Offering The Initial Public Offering will consist of 2,000,000 shares representing 20% of the company. The first 500,000 shares will be offered against a 0.0008 share price, followed by 500,000 shares at 0.001, to finish with 1,000,000 shares at 0.0012 Reserved Rights Issuer reserves the following rights: 1. To do a Second Public Offering if market demands justifies. 2. To make changes to this contract that represent the best interests of its shareholders. 3. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation. Voting Rights There are no voting rights associated with the shares. Dissolution In the event that the issuer chooses to, or is forced to, close this asset for any reason, a new operator may be vetted and chosen by the current CEO to take over control of the asset, or all shares will be bought back by the issuer. A “dead man’s switch” will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuer’s un-timely demise or hospitalization. E-mail: support@satoshipoker.orgDisclaimer & Risks Bitcoin’s legal definition as a currency, commodity, investment, or financial instrument may be subject to unique regulations in some jurisdictions. The issuance of bitcoin-denominated securities may be considered high-risk in the current environment. Please perform due diligence in all of your investment decisions, and consider all risks before purchase. While all investments involve risk, bitcoin securities may be considered among the most risky. Some have products and services that are still in development or have yet to be tested in the market. Many trade on unregistered exchanges. Possible risks that pertains to bitcoin securities involves the low volumes of trades. Because most bitcoin securities trade in low volumes, any size of trade can have a large percentage impact on the market price of the security. Satoshi Poker is not liable for losses caused by default/theft within the host exchange. So the valuation of Satoushipoker you made previously have now dropped from 20 000 btc back down to 8 000 btc in a few days then.... |
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Bitcoin och Litecoin kommer med all sannolikhet finnas kvar ett bra tag, aven om litecoins värde gentemot bitcoins kan fortsätta dala om btc fortsätter gå upp, primecoin är ett intressant coin som säkert kan klara sig bra med.
Många av de andra altcoinen lever nog en osäker tillvaro på lång sikt, kanske de fortfarande kan tradas någonstans men en del av dem kan nog gå ned till löjligt låga värden. Antaglingen kommer vi få se många nya altcoins som försöker ta de utdöende coinens plats med.
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Hej,
Detta är kanske lite OT, men jag måste ändå fråga: Slipper ni som köper den från Norge att betala VAT (konsumtionsskatt) när ni köper från KNCminer?
Jag som bor i Sverige måste nämligen betala 25% extra på grund av VAT.
Prisena som KnC anger skall vara med VAT(moms) includerat om de vänder sig till privatpersoner, alltså om du inte uttryckligen valt att handla som företagare. Så de 6995 eller nu 4995 USD skall vara med moms includerat och alltså den totala summan du betalar för din ASICminer om du till exempel valt att hämta upp din miner direkt hos KnC(ingen tillkommande fraktkostnad). Ett Svenskt företag som säljer till privatpersoner får inte ange priset utan moms och sedan lägga på moms ovanpå den annonserade priset vid fakturering/betalning. |
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Kanskje jeg heller burde finne noen i sverige jeg kan veksle bitcoins til cash med for så å kjøpe PC på postordre? er det noen grenser på hvor mye man kan betale cash i sverige?
Det finns inga beloppsgränser för hur stora summor man kan betala cash med i Sverige, men om du skulle betala cash när du köper dig en Ferrari eller dylikt är jag säker på att bilhandlaren skulle höja på ögonbrynen... AML lagar gäller insättningar på bankonton om det är större summor än 25 000 SEK(var tidigare 75 000 SEK) per insättning, då banken måste fråga var pengarna kommer ifrån. Samma summa, 25 000 SEK är det maximalt tillåtna du får ta med dig i sedlar från Sverige till utomlandet, men inget hindrar ju folk att åka flera turer om de nu känner för att flytta kapital på det sättet till ett skatteparadis eller dylikt. |
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Hej Hej! Jag har börjat köpa och sälja Bitcoins lokalt i Stockholm. Detta är något jag börja med nyss, har än så länge satt upp några konton på dvs sidor bland annat https://bitmarket.eu/ och https://localbitcoins.com/accounts/profile/DeaDTerra/. Som sagt så både säljer jag och köper bitcoins, jag säljer även "physical Bitcoins", jag har 1,10 och 25 BTC mynt, så om någon är intresserad av att köpa dessa så är det bara skicka ett pm  Letar även efter förslag på bra sidor att antingen köpa eller sälja Bitcoins, finns det några bra local exchange sidor? (som localbitcoins) och finns det några aktiva svenska bitcoins forum förutom bitcointalk? Här är min OTC rating: bitcoin-otc.com/viewratingdetail.php?nick=DeaDTerra Transaktioner kan göras antingen via bank överföring eller cash, priset diskuteras vid enskild affär. //DeaDTerra Bra initiativ att börja köpa/sälja BTC lokalt i Stockholm, finns säkert en stor marknad för det som nog kommer bli ännu större i framtiden när folk utanför btc kretsen börjar få upp ögonen för btc och dess gynnsamma priutveckling gentemot fiat valutor under de senaste åren. |
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Looks nice, interesing with many options both for gamblers and investors
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I think it is pretty obvious that redemptions are not occuring right now. If Graet and Ukyo had funds ready for redemption, they would be buying their shares at bitfunder itself for <0.01 instead of redeeming yours for 0.01. The only option left for those who wish to redeem the shares at face value is to wait. I have a considerable amount of BTC in those shares, but I am aware that there is no way to redeem them any time soon at face value, and I also do not want to redeem them with a loss.
First it dosen't really matter if they have the funds in hands or not, they have already taken way to long time to redeem the shares and they should have given better updates to what progress there making in the redeem process, they are clearly in violation of there contracts and should have bought up the nessesary btc by now if there short or have taken up other (btc) loans(without clauses to redeem premature of when they expect to be able to payback the loan) to cover the situations with redeem requests that hasent been fulfilled yet. Secondly im pretty sure they at least have some funds avaliable and both get more each day, if they use that to buy up stocks under face value instead of doing what they can to redeem shares they are violation there contracts even worse... I think it is pretty obvious that redemptions are not occuring right now. If Graet and Ukyo had funds ready for redemption, they would be buying their shares at bitfunder itself for <0.01 instead of redeeming yours for 0.01. The only option left for those who wish to redeem the shares at face value is to wait. I have a considerable amount of BTC in those shares, but I am aware that there is no way to redeem them any time soon at face value, and I also do not want to redeem them with a loss.
Wait how long? If we don't sell by November 1, and then the issuer still doesn't come through, then we're really screwed. I'm aware that the circumstances going on right now are pretty exceptional. But it seems to me that a contract is still a contract, and if they don't have enough cash on hand to redeem, they should use their credit card or get a traditional bank loan if they have to in order to get the funds to cover the redemptions. After all, it's not like most people are suddenly for no reason deciding they want to redeem (although even in that case, the redemption requests should still be fulfilled). In this case, most redemption requests are as a result of the policy changes Ukyo himself implemented, where he created all these new verification requirements and told US users and non-verified users that they can only sell until Nov. 1, and that all their BTC and shares will be transferred out of their accounts on Dec. 2. So that imposes a certain deadline on the process. When Ukyo made his announcement, he should have anticipated the US and non-verified bondholders needing to redeem, and should have secured the necessary financing. I'm worried about the precedent that could be set here. Otherwise, what is to stop someone else in the future from opening an exchange and raising funds by selling bonds, then telling the majority of investors they have only a few weeks to get out, not redeeming bonds, and forcing people to sell back at a loss just to meet the exchange operator's arbitrary deadline? I realize that these are trying times, and a situation that Ukyo probably didn't envision when he originally issued the bonds, so I do not mean to accuse Ukyo of planning to scam investors or anything. But the result seems to be the same, and I worry about the precedent if a bond issuer is allowed to just ignore the redemption clauses in their contracts like this. I'm not really happy with explanations from Ukyo like "the expectation was to use the funds for other things." Graet I am less sure about; I don't know if Graet was involved in planning the policy changes at BitFunder or not (if he was involved in planning the policy changes, then IMHO he should have obtained the necessary financing to fulfill bond redemption requests as well). Actually, my opinion is that if a bond issuer does not have enough cash on hand to redeem a bond when requested, he should always get the cash and fulfill the redemption request, even if he has to take out another loan to do it, not just in this case. Otherwise what's the value of a bond if issuers are not going to redeem it when requested? But it just seems worse in this case if Ukyo makes these policy changes without obtaining the cash to cover redemption requests on his own bond. And then the lack of communication is the worst thing; it would be different if an announcement were made that bond redemption requests would be fulfilled on October 25 (for example). At least then investors could be sure that they will be able to get out by redeeming before the Nov. 1 deadline. I don't know if anyone else has heard anything from Graet, but I sent him a PM and never got a reponse back. I'm sure he is probably getting tons of PMs these days and may be overwhelmed. But if he doesn't want to respond to tons of PMs from individual investors asking the same questions, the solution is to post an announcement in the forum with basic information like 1) the future plans for the assets he is managing and 2) how he will be handling redemption requests, or even a short one-line announcement like "I am still checking on options; I will be making an announcement about my assets and redemption requests by (particular date before November 1)". I totally agree to your post. Ukyo should have been prepared and should have had most if not all btc's needed for redeems ready, then if not all requests could be handled the first day, all should at least have been solved within a day or two when he would be more certain of the exact amounts needed Great havent been logged into bicointalk after the 11 oct (under his own name at least) Ukyo seems to have been in every day but havent made a single post after 12 oct. None of them have aswered my PM's or fullfilled my redeem requests. |
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I think it is pretty obvious that redemptions are not occuring right now. If Graet and Ukyo had funds ready for redemption, they would be buying their shares at bitfunder itself for <0.01 instead of redeeming yours for 0.01. The only option left for those who wish to redeem the shares at face value is to wait. I have a considerable amount of BTC in those shares, but I am aware that there is no way to redeem them any time soon at face value, and I also do not want to redeem them with a loss.
Wait how long? If we don't sell by November 1, and then the issuer still doesn't come through, then we're really screwed. I'm aware that the circumstances going on right now are pretty exceptional. But it seems to me that a contract is still a contract, and if they don't have enough cash on hand to redeem, they should use their credit card or get a traditional bank loan if they have to in order to get the funds to cover the redemptions. After all, it's not like most people are suddenly for no reason deciding they want to redeem (although even in that case, the redemption requests should still be fulfilled). In this case, most redemption requests are as a result of the policy changes Ukyo himself implemented, where he created all these new verification requirements and told US users and non-verified users that they can only sell until Nov. 1, and that all their BTC and shares will be transferred out of their accounts on Dec. 2. So that imposes a certain deadline on the process. When Ukyo made his announcement, he should have anticipated the US and non-verified bondholders needing to redeem, and should have secured the necessary financing. I'm worried about the precedent that could be set here. Otherwise, what is to stop someone else in the future from opening an exchange and raising funds by selling bonds, then telling the majority of investors they have only a few weeks to get out, not redeeming bonds, and forcing people to sell back at a loss just to meet the exchange operator's arbitrary deadline? I realize that these are trying times, and a situation that Ukyo probably didn't envision when he originally issued the bonds, so I do not mean to accuse Ukyo of planning to scam investors or anything. But the result seems to be the same, and I worry about the precedent if a bond issuer is allowed to just ignore the redemption clauses in their contracts like this. I'm not really happy with explanations from Ukyo like "the expectation was to use the funds for other things." Graet I am less sure about; I don't know if Graet was involved in planning the policy changes at BitFunder or not (if he was involved in planning the policy changes, then IMHO he should have obtained the necessary financing to fulfill bond redemption requests as well). Actually, my opinion is that if a bond issuer does not have enough cash on hand to redeem a bond when requested, he should always get the cash and fulfill the redemption request, even if he has to take out another loan to do it, not just in this case. Otherwise what's the value of a bond if issuers are not going to redeem it when requested? But it just seems worse in this case if Ukyo makes these policy changes without obtaining the cash to cover redemption requests on his own bond. And then the lack of communication is the worst thing; it would be different if an announcement were made that bond redemption requests would be fulfilled on October 25 (for example). At least then investors could be sure that they will be able to get out by redeeming before the Nov. 1 deadline. I don't know if anyone else has heard anything from Graet, but I sent him a PM and never got a reponse back. I'm sure he is probably getting tons of PMs these days and may be overwhelmed. But if he doesn't want to respond to tons of PMs from individual investors asking the same questions, the solution is to post an announcement in the forum with basic information like 1) the future plans for the assets he is managing and 2) how he will be handling redemption requests, or even a short one-line announcement like "I am still checking on options; I will be making an announcement about my assets and redemption requests by (particular date before November 1)". I totally agree to your post. Ukyo should have been prepared and should have had most if not all btc's needed for redeems ready, then if not all requests could be handled the first day, all should at least have been solved within a day or two when he would be more certain of the exact amounts needed Great havent been logged into bicointalk after the 11 oct (under his own name at least) Ukyo seems to have been in every day but havent made a single post after 12 oct. None of them have aswered my PM's or fullfilled my redeem requests. |
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I think it is pretty obvious that redemptions are not occuring right now. If Graet and Ukyo had funds ready for redemption, they would be buying their shares at bitfunder itself for <0.01 instead of redeeming yours for 0.01. The only option left for those who wish to redeem the shares at face value is to wait. I have a considerable amount of BTC in those shares, but I am aware that there is no way to redeem them any time soon at face value, and I also do not want to redeem them with a loss.
First it dosen't really matter if they have the funds in hands or not, they have already taken way to long time to redeem the shares and they should have given better updates to what progress there making in the redeem process, they are clearly in violation of there contracts and should have bought up the nessesary btc by now if there short or have taken up other (btc) loans(without clauses to redeem premature of when they expect to be able to payback the loan) to cover the situations with redeem requests that hasent been fulfilled yet. Secondly im pretty sure they at least have some funds avaliable and both get more each day, if they use that to buy up stocks under face value instead of doing what they can to redeem shares they are violation there contracts even worse... |
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I'm going to keep this short considering you come to this thread and probably this forum for one reason only, looking at your post count. I would invite anybody that is interested in purchasing shares during the IPO to do their own research.
How could people do any research when you don't provide the nessesary information to base a possible investment on and when the data you do provide is obviously false or incomplete. I don't see how it would be unetical to sign players a pro deal on the promise to get people over. If you run a pokersite, there is only one place you can get your customers from: the competition.
Your kidding right ? You claim you can only get players/customers from the competitors, there is now way you are able to recruit new players that don't already play on any online bitcoinsite or even any ordinary online pokersite for usd, eur and so on you mean then ? If that really is the case then your marketing team really need to be replaced immediately as there totally incompetent and not up for the task.... If you look at the thread in Grindabit you mention it is actually the same pro's that ran with the money I staked them to come back 2 months later to accuse SP out of the blue, just based on a feeling they had. In fact, after posting the evidence on the matter, the same pro's left the thread. I'm not going to stake players to then get back the money I provided to get the cash games going.
If you post information, please post the correct one, as I have the habit of ignoring baseless accusations and misrepresentations.
Ehh as far as i can see your not answering 95% of the questions potential investors ask, you havent managed to answer or given an explanation to a singe thing i asked about sofar, and to the best of my knoledge there is nothing wrong with anything i have said in any of your threads..... |
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In this thread https://bitcointalk.org/index.php?topic=249767 you were talking about selling 5% of the company to get 400 btc(so a valuation of it at 8000 btc then) so you could list it on bitfunder, you never cared to answer the questions in that thread. Could you please explain a few things how many shares in total is there will be in SatoshiPoker is the numbers lavafish mentined in another post 100 000 000 that is on bitfunder the total number of shares in SP and the 5% he mentions whats going to be sold ? Hi!
....
We are looking to sell 5% of our company's shares, to get 400 BTC in fundings to get ourselves listed on the above sites.
Does it really cost that much to get listed on Bitfunder, 400 BTC ? So far we had 2 investors comitting themselves to investing each 1% in our company, but under the condition that we fill the entire amount, as with 40% of the needed investment we can't execute our strategy making investing pointless so far. We are still looking for 2 max 3% sale of shares.
So you want to sell 5% of the company pre IPO and what, 5% after IPO to the public ? We had everything wrapped up but one of the investors backed out at the last moment. We are still open to sell at most 1% of the company. If interested, please send a PM
I think you mentioned somewhere(on btcjam i believe it was) before that you were one of tree (original) owners in SP, but on bitfunder there seems to be 13 different people owning shares now, the 3 biggest owners only have 74 445 833 shares, around 74,4% if 100 million is the total, even if it was 4 owners and not 3 you said before, then the 4 biggest owners only have 85 800 000 shares or 85,8%. The numbers that is mention in this thread and others dosent seem to add up, has 25,6% or maby 14,2% of the shares been sold pre IPO. So has more than the mentioned 5% been sold already ? Maby shares for 1136 btc or even 2044 btc then ? "....Considering all above, I believe that 8000BTC is an absolute undervaluation of our company. Thats all. Gotta run, I have a mission to lead." What is the valuation of that SatoshiPoker is worth way more 8000 btc based on ? What is the price per share pre IPO that you sell it for ? 8000/100 000 000 = 0,00008000 btc or 8000 satouchi per share then ? Where do you have any numbers avaliable for preIPO investors and potential investors after the stock IPO's at bitfunder. Pokerscout (that you mention when comparing to sealswithclubs) don't have any numbers for SatoshiPoker on players(Players Online, Cash Players, 24 Hr Peak, 7 Day Avg) and i havent seen anything metioned what the avg bet, rake or profit is for SatoshiPoker for any weeks in the past, only some mentioning that numbers have gone up ? So how will this IPO now at cryptostocks instead of Bitfunder work in relation to the shares you already have (sold to people over) at bitfunder in SatouchiPoker and who is selling there shares on cryptostocks ? From beeing originally 3 owners it now looks like you have 12 investors already before doing the IPO at cryptostocks so there is already 9 public investors then that you have sold 19 950 000 shares to if the original owners is the 3 largest owners. so it looks like you sold 20% of the company already at your pre IPO thing when you said you were going to sell a max of 5%. https://bitfunder.com/assetlist"SatoshiPoker 31,416,667 1FZNG6hEg7d2rGucwTs2VaTXaZEbEpWwxb SatoshiPoker 5,000,000 13DzTjabVGGN64Rc8V7tAkSZJ7BHUxuQqY SatoshiPoker 15,000,000 16vhbK8k4PyBUCoPyPVERprMs63bPh4hPQ SatoshiPoker 1,625,000 1BgYQQrNqPrxh4ee9Tn9iVxtKz8g1tH5FA SatoshiPoker 33,633,333 1DYk2z3NP8gHHCvUgD1WfvPHokE8x6MEcs SatoshiPoker 3,850,000 1AVLNuMhHbtZTLbKmjCdxyxwWfggxvvZcE SatoshiPoker 4,000,000 1Mn65Q9Xm6NBoPdF8ppS3AzgRLt92ZKtTq SatoshiPoker 1,000,000 1C6FEiUCfH8qqmxLvLEmRmhD8eNKuZoq4E SatoshiPoker 450,000 1CcAFC8oHqKoDkinoamrSD1VKXT3k1CiEV SatoshiPoker 125,000 1McqmmnxRwZRCpD2VoGEMzCYcdeXYvCBsB SatoshiPoker 900,000 1Ekn8nzHeV4SG58KhXMz7LRm7eQC87CDYz SatoshiPoker 3,000,000 1D9sym2UPRhxt3idaF8jn5WUzmWtEvuFbp" At cryptostocks you have issued another 100 000 000 stocks in this company now so how is that supposed to become 100 000 000 shares in total... SATOSHI represents Satoshi Poker; Bitcoins premier poker site
Issuer Info
BitcoinFlush is trusted member of the bitcointalk.org forums. Identity information has been provided privately to cryptostocks as a gesture of good faith, and an avenue for emergency contact.
Im not sure that sentence is true, you registered on bitcointalk March 22, 2013, 07:06:17 PM so you have been a member here around a half year, i think most people in here put more trust in people that has been around way longer than that or that they know personally IRL. Bitcoinflush you were also late on the first payback on your 10 btc loan in BTCjam https://btcjam.com/listings/6852, only by a day or two but still and now your back on track on btcjam. Hmm, what was it you said over at btcjam "I am confident you guys undertand I will not risk any reputation damage on SatoshiPoker for 50 bitcoins, so be assured the loans will be paid back in time." still you were late on the first payment on you first bigger loan at btcjam.... At Cryptostocks the Satouchipoker's IPO has Verification level: None so only the email adress, a gmail adress is shown. On cryptostocks the verification levels means: Level You must provide We disclose ================================= None - Email address Basic - Email address, IP address of your last login Advanced Account names, Email address, copy of ID IP address of your last login, account names, full name Premium Account name, Email address, copy of ID, IP address of your last login, Postal address account names, full name, postal address So you basically choose the lowest level of verification, the one the scammers at cryptostocks seems to prefer. There is no proof for potential investors that you have provided Identity information to cryptostocks unless you choose at least Advanced level of verification. Even if Kumala, the owner of cryptostocks would confirm that you provided that, his word would weigh light after the fact that he is stealing(in the form of not paid dividend that he is bound by the contract to pay minority(33%) investors in vircurex and letting them take the full loss) at least 2/3 of the equivalent of 2500 btc and 20 000 usd from his minority investors in Vircurex as he don't take equal responsibility in paying back the loss, and possibly he might also be behind the loss of those sums to, at least he hasn't provided any evidence that vircurex actually lost any coins or usd even thou it's gone many months now from the first incidence. The claim that you bring in 2.5-4 btc in daily rake seems absurd to. from pocerscout: Cash player # Site/Network 24 Hr Peak 7 Day Avg 57 SatoshiPoker.org 2 1 They estimate SatoushiPokers Peak number of cash player to 2 !!! and 1 on avg, those two players must play very high stakes to generate those +2.5 btc daily in rake then and wasen't heads up rakefree.... How did you came up with the valuation, the previous one was crazy at 8 000 btc and now even more absurd at 20 000 btc. ...
Reserved Rights
Issuer reserves the following rights:
1. To do a Second Public Offering if market demands justifies
2. To make changes to this contract that represent the best interests of its shareholders
3. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation
Voting Rights
There are no voting rights associated with the shares.
...
under 2 reserved rights... Best interest of what part of the shareholders, the majority owners or those that might buy a few shares in the company, and who decides if a change is in the best interest of the shareholders.... If no one has any voting rights in the company, not even those with 30 million+ shares how do you expect anything to work if you need to make any changes... |
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Now that the original exchange-traded BTC Growth fund is no more, I've been pondering some other ways of managing membership structure that could enable a fund to be independent of the vagaries of an exchange, reduce the overheads associated with KYC/AML compliance, and also avoid turning it all into an admin-by-email nightmare.
I know that PayPal is almost universally hated across all of Bitcoin-land, but if something involving PayPal isn't just an immediate deal-breaker, I'd be grateful for any thoughts people might have on the following...
What would folks think of a system which required a small PayPal payment as a precondition for participating in a fund? This could offload the whole KYC/AML aspect of dealing with individual participants onto PayPal: to the extent that PayPal can be counted on to have established the identity of their customers, and to be adhering strictly to any and all KYC/AML requirements in every jurisdiction in which they operate, a fund provider could simply point to the PayPal transaction as having established the identity of the participant. My thinking is that this would obviate the need to handle any type of identity documents by saying, in effect, "if your details are good enough for PayPal, they're good enough for us".
The second benefit of a PayPal-based setup is that I already operate some sites which use a membership management system that integrates with PayPal: people pay a fee to become members of a site, and their details are then organised by a membership management system which I know to be fairly usable. By leveraging this same type of membership system, I could reduce at least some of the hassles associated with managing direct participation in a fund.
(None of this would do a thing for liquidity, of course: it would only be suitable for a fund with a fixed initial period of commitment, as distinct from a fund where people could just trade in and out at will.)
Would trying to involve PayPal in something like this just be a silly idea? Is it something people would consider trying?
Last time i checked BTC(and other cryptocurrencys) was considered of no value from a governement standpoint where i live, so no AML or simular things should be needed here as long as stocks, dividends and so on is denominated in cryptocurrencys, also trades between a cryptocurrency and fiat ends up in the same category as you buy/sell something of no value, therefore you cannot use losses to reduce taxes and no tax has to be paid on profits from it. I guess the USA or the UK where your based might have a different view on BTC(and other cryptocurrencys) even thou the standpoint probably isen't finally tested in courts of the highest instance in either USA or UK yet. Involving Paypal money denominated in USD or another fiat on the other hand would probably just complicate things for no added benefit, even if a few cents worth of transaction probably wouldn't qualify for AML laws looking into the company receiving those transactions. But people would still need to have a paypal account or register one to be able to send those micro-transactions so that would just be an unnecessary complication added. Paypal also has some ridicules fees so why use such company and couldn't anyone register how many paypal accounts they liked way back without any checks done at paypal, they just needed a emailadress to link to each account, so having people use paypal as a way of living up to some AML things is probably pretty useless.... |
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DT down from here at the moment, looks like last node in Europe/first in USA is the problem this time so probably not locally in Costa Rica.
Is anyone else able to connect to DT at the moment ?
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TradeFortress i am starting this offerings from today. Added both coinlenders and the inputs.io username link for the double payout.
13QXQNqeG8TF4TWd4aSvxE2n9PF5VGGRXq
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