a) In the past Darwin Labs has been a software vendor for GBMiners, and has had no other relationship with the entity in whatsoever capacity.
Hey Sanjay, It seems that you didn't just provide them the software, but managed their website's payouts as well. Ref: Hi, We are doing daily payouts from last 2 weeks. Also,We are trying to clear all the payouts from the past. I am managing the GBMiners.com. You can mail me for any queries. We are keeping the minimum payout threshold as 0.01 BTC I am really sorry for the payment issues in past. Thanks, Sanjay Goswami Emal id: sanjay@gbminers.comSupport Email id: support@gbminers.comIt is a good decision to not have any tie-ups with Amit Bhardwaj. Glad you finally saw through his bullshit. I wish you the best of luck with your ventures. I would like to know more about your products, if you can refer me to a link or something. Regards |
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I was trying to become one of his friends, for a long time. Now i am officially one of them!  Thank you for this opportunity, i hope i can do more and support this project. Sorry for hijacking your thread cryptoheadd.   Haha, thanks for the support.  |
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What a timing.
Kirit Somaiya is definitely going to bring this up on 20th April.
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Doing this would still result in being a criminal, won't it? If crypto currencies are banned, I would rather stay and fight via system than running a criminal activity from my room.  I agree. This would have a very bad impact on Bitcoin and Blockchain. It would be better to stay and fight while following the system. |
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That's a pretty well written article. Thanks for the share. |
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If you're in India, DO NOT send any suggestions, for your own safety. The information collected could be used against you, whether this MP is well meaning or not.
That's a pretty good suggestion. The information may even be used against Indian people who send him a mail. This guy seems pretty adamant on declaring Bitcoin illegal in India. I don't think the emails will change his view. |
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Thanks for the share, MJ. That's great, thank you man! I just placed my order to support and get my membership. Hope for more things like that to come, cheers. You are now a friend of Satoshi.  Thanks for placing an order. Regards |
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Universal Digital Tokens
To accommodate mining of multiple coins we are creating Universal Digital Tokens exchangeable across all major Altcoin exchanges to the coin of your choice.
The token value will be derived based on the current price of coins we are mining.
Changes in the system:
1. Repurchase of new cloud contracts from payout balance is LIVE activated on 23 rd March.
2. Admin Fee of 10% is levied on total payout applicable from current payout cycle.
3. Payout will now be delivered as 50% in BTC and 50% in new Digital Tokens.
4. The Launch and exchangeability of New Digital Tokens and mining farm setup is expected before May 30th we will update the dates very soon.
This is just sad. Doesn't this breach the contract that the customers signed up for? I know it's a scam and this is probably their exit strategy, but still.. How the fuck can they make such changes? |
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I wonder before he commented like that to Popular News , he could discuss with a proper professional IT tech guy that what is Bitcoin and how this is operated . These type of baseless comments really makes Indian politician's position very sad in front of world and makes the poor fellow trader's money in risk unnecessarily .
He probably didn't. Check this out: https://twitter.com/BTVI/status/845193250851860482 |
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Ordered mine recently, am super hyped to receive it! I made my own custom design and the ordering process was fantastic, I hope the product ends up the same way!
Glad you liked the ordering process.  I'm sure you'd be glad to receive your card as well. Hope you have a good reception. |
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And how do you get licensed for any BitCoin product in any case .. Hahaha
Agreed. My bad. "Do I sign a binding contract "
Yes. I do a blockchain contract which binds Ranchi Mall publicly to this financial contract.
"Is this product licensed"
No its not. BitCoin itself is not licensed so putting a BitCoin based product to licensing requirement is a big contradiction. However customer safety is still needed and we have to devise non-licensing methods to achieve the objectives of protecting the customer. Vendor need to protect reputation, Internet Activism, transparency of scheme and data, and full disclosures can achieve the same goals. Thats my belief. I will not put up any of my BitCoin based product to any licensing ever. Government licensing will open doors for entrepreneurial stagnation and corruption. I would want my potential customers to know our philosophy in advance. And then make up their mind if they want to associate. None of BitCoin exchanges are licensed, and people still give their money to them. This is exactly the correct way.
"Lockin period is too long"
I need long term investors. I am a big follower of Warren Buffett long term investment strategies. I do have some other BitCoin based financial contracts like Art Bonds and Startup Contracts in pilot where there is no lockin. But for this product lockin is must to deliver the kind of returns BitCoins as an asset class is capable of.
"Do I accept payments in BitCoins or Fiat"
My preference is BitCoins. But most of our customers have never brought BitCoins before. So I do that for them. We have a few who paid in BitCoins. However the returns is denominated in US dollars.
"Taking to USD 1350 will leave too little for growth"
I disagree. The potential is much higher. But you can always treat it as 13 percent bearing bonds no matter what price you got it, and thats a great assured return on its own if you accept counter-party risks.
Thanks for answering the questions. I understand that you're taking the risk of the 10-13% if Bitcoin doesn't go up. I don't really have anything to add to it. I don't think it's a good idea for the people who are investing because if it was me, I'd just risk the INR 7000 then giving you 50% of the returns. (Just my opinion.) Doesn't look like a scam to me, if you're not planning to take more investments. So good luck with your bond. |
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Currently I am not accepting any new customers for this product. I will open up the window again if prices go beyond USD 1350 per BitCoin. With current price trends, looks it may take time I will put a message in India BitCointalk group if I reopen. And as always, first time customers will have an upper limit of Rs 7000. And I will open it up only for 15 new customers then. I just want to know the process of investing. I'm not interested in investing in your bond. Taking investments at $1350 might not leave much room for growth. And I don't think the lock-in period is required. 3 years is a lot of time and you should give the option to the users to cash-out if they want to. Holding someone else's money required you to have a legal license for the same. (As far as I know, a PPI license is required to hold customer funds in a prepaid instrument. But then also you can only store their funds for a year and not more than that.) Do you have a legal license? And do you accept the payments in Bitcoin or fiat? EDIT: -snip-
Do you sign a contract binding you to make the payouts?
-snip-
^^^ Please answer this question as well. |
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hahah yeah
Maybe he's pissed becuase he invested in GB and now he isn't getting payments! so he marks bitcoin as MLM but that's not his fault as amit bhardwaj is selling his company claiing to own and work with bitcoin
Lol. That may very well be true. Because GB hasn't paid any payouts since the last 2 months and Kirit just announced this shit now after all this time. Coincidence? |
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pyramid ponzi scheme
lol
Wow ... lol
Now Bitcoin is Ponzi ? how ? :v
Guess where Kirit Somaiya got this idea? Hint: Amit Bhardwaj. |
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This response is so much laughable which clearly shows that this person not even understand what is Bitcoin . " He told We don't know who is Owner of Bitcoin " - LOL
Lol, I agree. I created the thread before I knew that the BJP guy was dumb.
Locking the thread now. |
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You seem like a legit member, but I don't like the idea of the lock-in period and if people invest in your bond, their funds would get blocked for 3 years.
Is there an option for early withdrawal?
Do you sign a contract binding you to make the payouts?
What's the process of investing in your bonds?
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Why wouldn't I just buy 100 USD worth of Bitcoins and keep them in cold storage?
Therefore, not giving you 50% of the returns?
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What exactly is this bitcoin bond?
Never heard of this before either. I'd like to know more about the same too. |
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