Maybe. Try logging into your account and checking the balance.

You're boring. It's a development system and there's no password on the account. Didn't you read the development log?

Here's the IP log for the unique IP's that have logged in as usagi over the last six months:

+-----+-----------------+------+------+----------+-------+-------+---------+
| id  | ip              | u    | n    | hostname | count | class | comment |
+-----+-----------------+------+------+----------+-------+-------+---------+
| 190 | 217.15.166.47   |  100 |   10 | NULL     |  NULL |  NULL | NULL    |
| 220 | 220.142.1.172   |  100 |   10 | NULL     |  NULL |  NULL | NULL    |
| 261 | 220.142.12.158  |  100 |    1 | NULL     |  NULL |  NULL | NULL    |
| 273 | 122.121.235.156 |  100 |    1 | NULL     |  NULL |  NULL | NULL    |
| 276 | 91.223.246.144  |  100 |    1 | NULL     |  NULL |  NULL | NULL    |
| 277 | 37.130.227.133  |  100 |    1 | NULL     |  NULL |  NULL | NULL    |
| 278 | 77.247.181.165  |  100 |    1 | NULL     |  NULL |  NULL | NULL    |
| 283 | 58.111.143.105  |  100 |    3 | NULL     |  NULL |  NULL | NULL    |
| 285 | 96.35.2.128     |  100 |    1 | NULL     |  NULL |  NULL | NULL    |
| 286 | 134.147.119.92  |  100 |    1 | NULL     |  NULL |  NULL | NULL    |
+-----+-----------------+------+------+----------+-------+-------+---------+

I've removed the most recent and most common IPs but as you can see it's been like this for months (edit: for example the first IP (217.15.166.47) is someone from france who's logged in 10 times). I don't know who it is and I don't care. I needed this to help test user accounts and security features on non-admin accounts since I don't use a sandbox like, say, sandbox.bitfunder.com. I just do it live.

Another thing you will notice is the MYSQL database password gets dumped when I mistype a SQL query and it shows the error. Go ahead and make a big deal about it; I don't think anyone really cares.

Seriously, if you think you're hot stuff go try to break into one of my production systems. Try hotwallet.ca -- there's several hundred BTC in the wallet there. Good luck with that, lol.

Kongzi Online Beta-2 Official Announcement

April 8th, 2013
Hello! I'm pleased to announce that we've reached another milestone with Kongzi Online. We have now entered Phase 2 development at kongzi.ca! Our previous milestone was Kongzi Online Beta-1 which was reached on November 25th, 2012.

Here's what's new and what's planned:

Recent Developments (1st quarter 2013)

• Our eyecatcher strategy is to give away the dictionary content for free with a front-page multilanguage dictionary search -- similar to tangorin.com, jisho.org, etc.
• We now use a superset of Jim Breen's JEDict/JMdict format. This allows us to store much more information about words and definitions and definitively breaks the dictionaries apart into language and translation. This will aid in multilanguage support later on.
• We no longer create flashcards directly from dictionary entries on the fly. Instead we allow users to create and edit their own personal flashcards with an innovative drag 'n drop flashcard creator.
• The SRS flashcard system is now active, which means the site is now officially useable. It's a bit of a rough draft, but it works. やった！

While we are not planning on smoothing out the UI/user experience until Beta-3 in June, Here's what's planned for the immediate future (April & May):

Development Goals for April/May 2013

• Many new types of game and quiz to help people learn in a fun and exciting way: Memory game, Mix 'n Match, as well as more traditional Multiple Choice and Cloze tests.
• An example sentences system (separate from the "example" field in Jim Breen's JEdict format).
• A Lesson/Path system where you can sign up to "courses" which will contain lots of reading material and pre-made flashcards.
• Users can share and publish their flashcards for other users of Kongzi.ca.

Content / User base:
Our user count has increased from 7 to 15 and one of our users (a native Japanese speaker) has volunteered to help edit the Japanese dictionary. The focus is on adding more N5 level content first, and then progressing to N4, N3, etc. before opening the dictionary to anything-goes mode.

Investment / Presales opportunities:
I've spent a great deal of time thinking about how to offer an investment opportunity for kongzi.ca. This is what I have always been working on, and I always felt I should have done this first instead of other plans. Right now, the idea is to sell shares OTC. I will entertain private offers for how much money you want to invest, and what % of the company it should be worth. Then, when we go live, I will double the number of shares and give those extra shares to myself. This is a pretty fair way to run things, I think. Here are our current and projected costs:

BitVPS server costs us less than 0.5 BTC/month. Will need 5 BTC or less for the first year.
We need to hire a mangaka to help us brand the site. cost 3-5 BTC.
We need to license some fonts for embedding. Something really pro, like TB Yokobuto Mincho, or Hiragino Kaku Gothic Pro. This will cost 3 BTC or less.
Adobe Creative Suite subscription costs about .2 BTC a month. Say 2 BTC a year at current rates.
Textbook printing costs for a first run of 100 books will be 4-5 BTC. This will be a money making venture for us but we won't need the money for that for at least another 4 to 6 months.

So as you can see our costs are not exorbitant. I am thinking an IPO done over the counter for 1000 shares at 0.1 BTC/share, with 500 shares retained by myself as lead developer & CEO. This would raise 50 BTC and would completely cover our costs to operate the system for more than 2 years.

When we list your shares will probably be moved BitFunder. We're going to be the best, yo.

PM me any questions or concerns. Please enjoy your time spent at kongzi.ca

If you don't like it then don't try to change the subject. Let me remind you, this is about ART. When other companies don't release reports it is not an excuse for EskimoBob to break his contractual obligations.

Yes he is, because he is contractually obligated to post them.

Wow, you sure sound like someone who knows how to run a business and deal with shareholders.

Here's what this sounds like to me (from "The Producers"):

Max Bialystock: You were saying that under the right circumstances, a producer could make more money with a flop than he could with a hit.
Leo Bloom: Yes, it's quite possible.
Max Bialystock: You keep saying that, but you don't tell me how. How could a producer make more money with a flop than with a hit?
Leo Bloom: It's simply a matter of creative accounting. Let us assume, just for the moment, that you are a dishonest man.
Max Bialystock: Assume away!
Leo Bloom: Well, it's very easy.  You simply raise more money than you really   need.
Max Bialystock: What do you mean?
Leo Bloom: You've done it yourself, only you did it on a very small scale.
Max Bialystock: What did I do?
Leo Bloom: You raised two thousand more than you needed to produce your last play.
Max Bialystock: So what?  What did it get me?  I'm wearing a cardboard belt.
Leo Bloom: Ahhhhhh!  But that's where you made your error.  You didn't go all the way.  You see, if you were really a bold criminal, you could have raised a million.
Max Bialystock: But the play only cost $60,000 to produce.
Leo Bloom: Exactly.  And how long did it run?
Max Bialystock: One night.
Leo Bloom:   See?  You could have raised a million dollars, put on a sixty thousand dollar flop and kept the rest.
Max Bialystock: But what if the play was a hit?
Leo Boom: Oh, you'd go to jail.  If the play were a hit, you'd have to pay off the backers, and with so many backers there could never be enough profits to go around, get it?
Max Bialystock: Aha, aha, aha, aha, aha, aha!!  So, in order for the scheme to work, we'd have to find a sure fire flop.


We will be publishing our monthly statements in forum and follow typical bookkeeping rules. (https://bitcointalk.org/index.php?topic=102010.msg1116762#msg1116762)

You lied on both counts, not only didn't you publish your statements on time every month so far, you don't follow any sort of typical rules at all. The financials for (February?) were so bad, remember, I had to ask you to post exchange rates and clarify some obviously wrong figures *(like a fiat bank balance of zero, despite claiming to have performed several fiat transactions via your bank).


You lied. You said this was for your 3 artist friends. I quote, "Some of my friends are planning to set up their own art studio. To make it happen, they need to buy very specific equipment. Good news is, that the equipment they need is usable for a very long time and can actually be used to generate additional revenue by selling the "shelf space" (lack of better wording) for professional and hobby artists. It also holds value over time and can be sold later." (https://bitcointalk.org/index.php?topic=102010.msg1116762#msg1116762)

That story changed very quickly into renting out a studio, didn't it?


You aren't even set up yet. Not sure if a lie or not but you obviously have failed to execute on your own business plan, which shows that you have no idea what you are doing.

"It also holds value over time and can be sold later." (https://bitcointalk.org/index.php?topic=102010.msg1116762#msg1116762)

Again, not sure if this is a direct lie or you just stole 99% of your investor's money. ART is now 0.01 per share on LTC-GLOBAL down from 1.


This is a lie. Your original contract states, "So, The Plan is to rise about 15K EUR worth of crowdfunding and for that, we are selling up to 34 000 virtual Support Tokens." (https://bitcointalk.org/index.php?topic=102010.msg1116762#msg1116762). You already broke it by 3x and raised 99,000 shares, which is worth almost $400,000 at current exchange rates. $15,000 euro? You've raised 20x the money you said you needed and you keep promising to release more and more shares! This is a classic "producers" scam. In "The Producers", a pair of novice playwrights attempt to write a bad (but saleable) play and then to raise more money than they will ever need, spending as little as possible in the process. The famed quote here is, "Don't you see Bloom, darling Bloom, glorious Bloom? It's so simple. Step one: We find the worst play world, a surefire flop. Step two: I raise a million bucks. Lots of little old ladies out there. Step three: You go back to work on the books, phony list of backers - one for the government, one for us. You can do it, Bloom; you're a wizard! Step four: We open on Broadway. And before you can say Step five, we *close* on Broadway!".

That's exactly what ART is. A shitty plan (a European art studio for 3 of EskimoBob's closest friends), and before you can say "Step 5" boom, 99% of the money is GONE.


Another lie. You have to date failed to procure insurance, despite being asked on numerous occasions. This is a very important point. Skimming the insurance money and putting it in your own pocket feels like an easy crime, but it has disastrous consequences if anything goes wrong (i.e. investors lose everything). Is that why your stock is worth 0.01 now? Did the Kiln get stolen?


This whole thing is a lie. Check out ART's original thread here:
https://bitcointalk.org/index.php?topic=102010.msg1265496#msg1265496

I can't quote directly because it's locked but if you check EskimoBob's oldest post containing his contract you will see he's stricken or changed nearly every term from his original contract. He has slowly morphed ART into something it never was. This whole thing was designed as a bait and switch from the very beginning. Here's a partial, manual quote:


Yes, he really did strike every single clause from his original contract.

Anyone investing in this garbage deserves to lose their entire investment, myself included. I bought 34 shares.

Yes, I thought about it a lot since that post.


I don't feel good. I thought that I might feel vindicated, but people lost 99% of their money when ART fell to a bid price of 0.01. I only had 34 shares. So while I was right, it's no good that he turned out to be a failure.

Oh wow thanks for the tip! I'm going to go give him some of my money right now.

After all, there's nothing preventing him from putting together a few business projects to help pay people back right?

It's just something I do to point out that people rarely ever assign value to this kind of information. If someone does not value this kind of information at all, even to the point where they're too lazy to send a PM, they are not worth helping or talking to.

I didn't say I would be redeeming my LTC-ATF.B1 bonds. Furthermore, as I've pointed out on several occasions you have a bad attitude. This is just a due diligence process I go through. There's no need to swear at your majority bondholders for asking to see some data backing your financial statements.

I must admit I'm tempted to liquidate all my bonds immediately simply because you get sand in your panties every time someone asks you how you are making more money than pirate; but so long as you prove you have the cash on hand (and can guarantee that this cash will be used to pay bondholders) that will probably do for now.

Nice job. I've written a new series of PUT and CALLs for TU.SILVER. Three PUTS and four or five CALLS. Go to town! Good luck.

Another issue entirely is whether or not the 0.6% bond coupon is sustainable from operations. Cash on hand means nothing.

I will explain. If LTC-ATF is worth 100 bananas, and there is a senior claim to 50 of these bananas that demands a 0.6% interest rate, then looking at your portfolio logically you only need to make 0.3% a week to cover the bondholders. That leaves LTC-ATF holders with nothing. So on top of 0.3% a week (16.8% a year) just to pay your bond coupons, you're claiming thousands of percent for the fund itself. In other words you are claiming to be the best fund manager in the history of the entire world, but there's just one condition, you can't release your books.


But you have already been caught in a lie. You claimed to own 160/300 units of the fund personally, then just now said you bought back 40% of the units of the fund this week. So you're saying there's just 20 units of the fund outstanding? Then where is all the money coming from if the fund has no outstanding units? (i.e. no sales?) What secondary entity is operating separate from the invested funds? You're telling me 20 units of the fund are now worth 29,000 BTC? No, what has become obvious is you are mixing up your company's finances with your own. That is a major no-no. So showing you have a lot of cash is meaningless because it does not show that the business model and trading strategy you have is solvent.

Pertinent example. When Ian Bakewell defaulted on $100,000 in loans, BTCINVEST was going to crash. So I sold all of my personal stake in BTCINVEST immediately. I was the first to sell. I didn't follow up on it so I don't know if others did, but I got out with a long-term breakeven result. Later, in extensive discussions with TradeFortress I learned he was going to step in and defend his company with his own personal money. How valiant.

How admirable, I thought. But this is not ONLY what I look for in a company. I look for the fact that they failed in the first place. By hiding the books of LTC-ATF and lying about how much money you are making, you are essentially defrauding your investors because they cannot make a reasonable and informed decision on whether or not you are a competent fund manager. Sure, you use your own personal money to cover bond payments. But how long can you continue to do this? One day you will run out of money and it will all come crashing down like Bernie Madoff.

I'm sure you don't mean to scam but this is how it is turning out.

Just keep it simple. If you are not running a ponzi scheme then you need a clear cut reason why you shouldn't release your books right now. So carefully and calmly, explain that reason to us and let us think about whether or not it is good enough to balance the fact you are claiming to have made 6,500% over the last six months.


Do you see why people are starting to think you're running a bigger ponzi scheme than Pirate? Seriously Deprived, cut your rubbish attitude, stop pissing in other fund's threads, and deal with your own company's issues.

I cannot be confused because I am asking a question. You can either answer it or not. Here watch, I'll ask the question again:

I am a 12% bondholder in LTC-ATF.B1. I have seen your financial reports, and they're rubbish -- you are claiming to have made 1.56% per day which is difficult to believe. After all, LTC-ATF is a fund; you don't produce anything. You just trade. I also trade. In fact I run a fund. I flipped a few hundred K of ZigGap for example, recently, for a 3 BTC profit. Yes, we all get lucky sometimes. But a 1.56% profit each and every single day even on average, over a 6 months period, is statistically impossible.

Here's why. You would need to double your money. That would be 100% gain. Then you would need to double your money again. That would be 300%. Then double again. 600%. Then double again. 1200%. And now, based on your 6500% gain comment, you have not only doubled your money again but again again after that. So in other words, you run an investment fund which doubles it's money each and every single month.

When looking around we see that you couldn't have possibly done this merely because there was no place for you to have done it. Maybe BTC has gone up, but your fund is denominated in BTC. So you couldn't have profited from the 1500% rise in BTC. No, the 1500% rise in BTC should have cut your portfolio by about 90%. You know, like it did to anything else denominated in an asset. Like a mining stock. Or an ART kiln security. Or a silver/gold fund -- like John Galt Asset Management's GOLD fund, for example. But no.

You GAINED 1500% during this time.

Okay. It obviously couldn't have come from the 15% invested position, so it had to come from the 85% of your holdings which are kept in currency. I get that. But you yourself state that when LTC rises in price your fund loses money. In fact you put a number on it; last week's rise in LTC price cost you 18%. So here's what I don't get. How did you make the money? I'll be honest with you. Pirate got all pissy when people asked him about it too.

What makes this whole situation deliciously ironic is, in fact, that you won't release your books. You participated in the theft of TU.SILVER's books and posted them online, which was the culmunation of six months of trolling and manipulating of my securities asset prices which were placed on line. But when put to the test yourself, it turns out you can't keep a straight book and I doubt if anyone is surprised.

At this point, if you are refusing to release your books to a 12% shareholder then you and your fund have serious problems. I will be liquidating my personal holdings in LTC-ATF and I can only advise all investors to avoid your security because it is beginning to look like a ponzi. Sorry Deprived, but no one makes 1.56% a day. Not even the guy who ran the trading desk at the Quantum fund.

So you see, it is you who is very confused. Proving you have cash proves nothing. Of course you have cash. You've sold a lot of very expensive shares to people. And I don't doubt you have your own money. But this is nothing to do with your business which cannot possibly have grown 1500% (sorry, 6500%, your words) in the face of a 1500% BTC price increase.

No, I'm not confusing debt for equity, bondholders have senior claim on the assets of LTC-ATF according to the contract.

Again, I'm not going to respond to your 6 posts essay other than to say that I am one of your major bondholders and you need to cut the attitude with me and realize who you are working for. If this is how you treat your other major bondholders when they ask questions you probably don't have what it takes to be a fund manager.

Just prove you have the money like you said you would, and after that just make sure you don't screw up the payment of your bond coupons and I don't see a problem. We just can't afford another screw up like pirate, and when you waltz in here swearing at people who ask you how you're making 1.56% a day it doesn't look very good.

I'm pleased to announce financial reports for March 2013. I'm sorry it's a few days "late", I've been a bit ill recently

Please view our latest report online here: 20130405TSR.pdf

I've also started an archive of past reports. I'll get around to fleshing it out later.

Fun TU.SILVER fact of the day: Our 30-day turnover is now 233 shares (29.5%). This means we're more liquid than all other precious metals funds in the community combined, by an order of magnitude.

-----

The TU.SILVER Report
April 5th, 2013

Dear Investor; it is our pleasure to present this week’s report. In this issue, we are once again humbled by BTC’s amazing 200% rise these past two weeks. Here are the “Right Now” numbers:
kitco.com gold: $1553.9 / $129.05 = 12.04 BTC/oz.
kitcosilver.com silver: $26.87 / $129.05 = .2082 BTC/oz.

The Takeaway: BTC has continued to surprise this week, gaining 200% since our last report. The rally isn’t over till it’s over?

FINANCIAL REPORT FOR MARCH 2013
Here are our numbers as of April 5th.
• Inventory: 79oz. of Silver
• Shares outstanding / issued : 657 / 790
• Cash Balance: 0.1359 BTC / 790 = 0.00017 BTC ea. (A)
• Cash Kitty 10BTC / 790 = 0.0127 ea. (B)
• Expected value from unsold silver (spot + markup): 9.079 BTC / 790 = 0.0115 ea. (C)
• Investment Position: 24.5158 BTC / 790 = 0.0310 ea. (D)
• Our cost price (spot + coin premium/etc.) : 0.0277 ea. (E)
• A+B+C+D+E = 0.08360951 (this figure is from our BV Calculator on our spreadsheet).

This represents the cost we need to sell shares at in order to provide this service. We suggest a fair ask price of 0.085 today representing a premium of 1.67
% to BV.

These numbers have been independently checked by our financial advisor. Questions about our finances should be e-mailed to DeaDTerra or posted online. The CEO (usagi) is not responsible for financial reporting.

Any investor may gain access to our books for 1 share of TU.SILVER provided they do not violate our disclosure policy (do not disclose the information
to non-shareholders, if you do, ensure it is never published).

For more information on TU.SILVER and how to protect your money in today’s crazy BTC market, please visit the TU.SILVER page on BitFunder:

https://bitfunder.com/asset/TU.SILVER

Cut the attitude. I am a 12% holder of LTC-ATF.B1. You work for me, not the other way around. If you don't want to release your books publicly I will respect that despite your lack of respect for other's similar policy.


What you totally fail to underatand is that this is not about me. This isn't about exchange rates or about how LTC-ATF.B1 lost 90% of it's value. This is about why you are publishing figures that show you are making 1.56% a day yet you claim you are only 15% invested. What you are claiming is impossible.


This is why it's so difficult to believe you. You claim on one hand that you have growth because of the change in LTC valuation. But in the very next sentence you state that the growth in LTC value is wiping out your profits. Which is it? Where is the massive 1500% growth coming from then? If you lose 18% this week how did you gain 1500% the past 25 weeks as BTC/LTC has been rising this whole time?


"I can still make 1% per day on BTC no problem"

You need your head checked. You need to stop being so pissy and explain to your investors how you are making 1% a day because no one believes you. That's what pirate said. 1% a day on exchange rates. What, you think we're stupid? You need to release your books because if anyone thinks you are making 1% a day I have some pirate bonds I'd LOVE to sell you.


What are you so scared of? That we will find out you are lying about making 1.56% per day? We already know that.


Go right ahead, I will hold you to these statements.

I think you said it best yourself in your contract:

Fairness : I'm by no means shy about expressing criticism of other virtual
securities. It's therefore only fair that I run one myself and give opportunity
for those I criticise to reply in like manner. It's my hope (and expectation)
that my performance, fairness to investors, reporting standards and transparency
will make plain that - whatever else my faults may be - I'm no hypocrite when I
complain about others' lack of those same qualities.

Okay, here I am, 12% insider shareholder, show me your transparency.


Again, cut the attitude. Here's a clue. You are being asked by an insider-class shareholder to verify your financial statements. You are simply being asked to provide the same level of transparency on your own asset that you claimed you would provide. That will be all.

Your fund has experienced 1.56% APD for the last six months. You're either operating a ponzi or you're cooking the books. You're so scared to release anything on your fund you edit your posts to take out figures that might clue people in to what you're doing.

1. You claim to have holdings that amount to 29,000 BTC.
2. You claim to be 15% invested.
3. You claim to be making 1.56% a day on 29,000 BTC. In short you are making 31.2% a day on the 15% invested capital.

Stop agreeing with Ian Bakewell.

This thread is for updates on my securities. I'm locking it until I have an update. Anyone is free to contact me if they have a question.

No, the blockchain is already larger than 4gb. 

I've been going over the books and I'm absolutely convinced Deprived has been lying to his investors.

https://bitcointalk.org/index.php?topic=112876.msg1635162#msg1635162

This states he's only invested with ~15% of the fund (84.84% is in currency), and yet he has experienced a 1.56% daily growth rate over the past six months despite paying out 0.6% per week (~1 BTC/week) to LTC-ATF.B1 bondholders. This does not make sense. Remember, LTC-ATF is a fund which invests in securities on BitFunder and BTC-TC. What magical thing has he invested in that has given him over 1,500% growth denominated in BTC in six months? Does this make sense to anyone? With a 1200% increase in BTC, he's had a 1500% increase on top of that, in investments denominated in BTC? Read that again. Deprived is saying that in US dollar terms he has achieved something like .. wait for it...

180,000% growth in 6 months

Even if this was remotely possible three months ago it isn't today with the new exchange rate. Am I dreaming? Does ANYONE really believe Deprived is telling the truth with his financial statements? I mean come on, seriously?

What's even more amazing is now that BTC has gone from $10 to $130, Deprived can still pay out 0.6%/week on LTC-ATF.B1. From what income? Share prices and yields have been declining due to the exchange rate. Deprived is caught in the same trap Ian Bakewell was in. Where is the money coming from?

Ok ok. Let me sum this up as a single question. Deprived. Given that you have an invested asset base of ~450 BTC, how on earth are you pulling 1.56% a day over 29,000 BTC on top of the 0.6% per week to LTC-ATF bondholders? This doesn't make sense. You're lying about something, we just don't know what.

You didn't invest in any thing magic. You invest in satoshidice and what not just like everyone else. Why do you expect people to believe a lie like 1.56% growth a day? Holy shit you're growing faster than Pirate's bond and you don't think people are going to catch on to this?

I think it's time you released your books and let us see where this magical 1.56% growth per day is coming from.