DeaDTerra, what is going to happen to this now that GLBSE has shut down?
It depends on how the transition goes. If we have a good replacement of GLBSE, then we can move their. Otherwise I could setup some kind of manual payout system, or I could offer to sell the shares on MPEX and payout the amount I got from selling them. I plan to honor my contract, but exactly how is to early to answer. //DeaDTerra I was just poking around, considering trying to get someone to offer a passthru on BTC-TC when I stumbled into your GLBSE issue here. I'd love to see this on BTC-TC ( http://btct.co/) ... Let me know if you're interested or not. If not I'll see if I can push someone else into doing it.  I am thinking of either shutting the pass through down or doing it manually, Tbh after all this Bullshit I am quite tired of exchanges and middle men. //DeaDTerra So you would be basically acting as a broker for people to buy shares on MPEX? How do things work to claim the shares once you get the list from GLBSE? Yes Indeed, I work as a broker for the people who want to buy S.DICE shares on MPEX. For this service I take 5% of the dividend. The share holder will get the choice of A, transfer the bonds to his/her MPEX account. B, Sell off the bonds to the open market and I send him/her whatever the bonds selling yielded. C, Keep using me as a broker and I keep sending the dividends each month. //DeaDTerra |
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DeaDTerra, what is going to happen to this now that GLBSE has shut down?
It depends on how the transition goes. If we have a good replacement of GLBSE, then we can move their. Otherwise I could setup some kind of manual payout system, or I could offer to sell the shares on MPEX and payout the amount I got from selling them. I plan to honor my contract, but exactly how is to early to answer. //DeaDTerra I was just poking around, considering trying to get someone to offer a passthru on BTC-TC when I stumbled into your GLBSE issue here. I'd love to see this on BTC-TC ( http://btct.co/) ... Let me know if you're interested or not. If not I'll see if I can push someone else into doing it. I could offer setting up a pass through, But I would not stand as the issuer, I am tired of taking the shit when other people fuck up. I can offer my service but I won't be standing in the line of fire if something outside of my control goes wrong. //DeaDTerra I bet you could do that with other assets listed elsewhere provided its ok with the asset issuer of course. |
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DeaDTerra, what is going to happen to this now that GLBSE has shut down?
It depends on how the transition goes. If we have a good replacement of GLBSE, then we can move their. Otherwise I could setup some kind of manual payout system, or I could offer to sell the shares on MPEX and payout the amount I got from selling them. I plan to honor my contract, but exactly how is to early to answer. //DeaDTerra I was just poking around, considering trying to get someone to offer a passthru on BTC-TC when I stumbled into your GLBSE issue here. I'd love to see this on BTC-TC ( http://btct.co/) ... Let me know if you're interested or not. If not I'll see if I can push someone else into doing it. I am thinking of either shutting the pass through down or doing it manually, Tbh after all this Bullshit I am quite tired of exchanges and middle men. //DeaDTerra |
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Price has been updated  //DeaDTerra |
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I will report back any progress on this. //DeaDTerra |
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Great to hear you're still following up and (slowly but surely...) honoring the contract.
I have honored my part of the contract from the start. My part has been paid back and I made it clear from the start that I am not responsible for the other parties holding their part of the contract. But this doesn't mean I will do my best to make sure they will. //DeaDTerra |
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Yes I have , I talked to Nefario and Gigavps as well. //DeaDTerra |
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How much have you collected since the last dividend and how much debt is still outstanding?
I have collected about 430 Bitcoins, I can't remember the exact amount as I don't have the share count, but 800-1000 BTC was still missing. //DeaDTerra |
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He's doing it manually, apparently the script idea isn't working for some reason, that's why it's taking a while. //DeaDTerra |
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Are those investments outside of GLBSE (1.2k) still making any profit?
A majority are not but some are. //DeaDTerra |
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+1 for tomba bought Left for Dead 2 from him.
//DeaDTerra
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I have so far had one bitcoineer contact me about this, Anyone else that's going to DH? I will be bringing my BFL single and possible setting up some Bitcoin signs to try to convert some gamers into bitcoineers ^^ Also if anyone wants to buy or sell Bitcoins, I would gladly help //DeaDTerra |
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So, how many assets we still have outside of GLBSE? Are your trading bot still running and making profit?
We have about 1.2k BTC in investments out side of GLBSE though it's unsure if and when these assets will be liquidate. No the trading bot is no longer running with investment fund money as it was voted for all liquid assets to be paid out to the investors. //DeaDTerra |
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Progress has been made. To all Gigaminers:
Late yesterday I received an asset holder list from GLBSE. Per the email received, the list may grow some more so it may not be the final list.
This is good news as it means step one is near completion. I will be working with counsel later today and possibly into next week to finalize the next steps and to clarify what has to be done and why.
Best regards,
gigavps
Seems like James has managed to complete some of the assets list at least //DeaDTerra |
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Payment received.
Thanks for turning my 100 btc into 4.7!
What I don't understand now is what happened with all your talk for weeks before the GLBSE crash about pulling assets out of there and putting them somewhere safer.
For example on September 14th:
"I have now invested some in Bitcoinrain as well as placed some btc in our margin trading bot."
September 9th:
"GLBSE is a unsafe place right now and I will keep liquidating our GLBSE position, moving into bot trading and safer deposits."
September 7th:
"I have managed to liquidate 600 BTC of assets on GLBSE and we are slowly reducing out exposure to GLBSE, I also have a 600 BTC loan that will be returned today, which means that We will have a lot of capital to place."
Not to mention all the enthusiasm for the trading bots and your exciting new project after the London debacle conference.
I guess we have to be thankful that you are still round, and have the balls to keep going and return a tiny fraction of our investments. But I, for one, wonder if there was some sort of scamming going on, especially as you seemed to be very close to that fuckwit Nefario your pal James.
At the end a lot of lucky people had bailed out, but you were still holding around 7000 Bitcoins- that's around $80,000 at todays prices. You clearly saw the GLBSE problems coming. Were all those 1200 in loans bad? Were these huge losses just stupidity or incompetence?
I saw the problems coming, I saw a recession dawning, but I didn't know there would be a total crash and shut down. So I liquidates slowly using the higher part of the spread, placing the lowest ask for all out assets, but as GLBSE had low volume this was a slow process. As said it liquidated about 300-500 Bitcoins a week, if I would have liquidated to the lower spread we would have lost 10-20% as the massive amount of volume we would sell would cause the markets to crash. If I knew that there would be a crash I would have sold it all independent of the potential lose and damage to the market, but as I believe that it was only temporary, I did not. James would not benefit from the assets on GLBSE but only through Liquidat Bitcoins on the exchange, all the bitcoins on the actual exchange was returned to us, hence there's not really any motive for a scam. Except if I also were the issuer to all out assets, then I could profit but otherwise no xD Some of the loans went bad, I guess it's partly stupidity and partly incompetence, the hard part of the Bitcoin security market is that people can promise things, and even if they have backups like confirmed ID etc, they can still bail on their promise and there isn't much I can do about it. I am working on getting bad Matts loan as well as the loan to IMSA guy. On the plus side, Nefario has started sending out share holder information at least that's what he has told me I have yet to confirm with any issuer. //DeaDTerra |
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All transactions has been sent out except the following:
#
5
6
8
31
57
84
If you have these investor numbers you need to give me a withdraw address.
Thank you
//DeaDTerra
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Payouts are being sent out manually as we speak If anyone wants to change their withdraw address now is a good time to say so. I will not be held accountable for transactions sent to a old address. //DeaDTerra |
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Hello I am running out of space on my C drive and would therefor like to move the block chain onto my H drive. I am currently using the latest satoshi client, How would I proceed to do as such? Nvm: problem solved using mklink /d "C:\Users\username \AppData\Roaming\Bitcoin" "H:\bitcoindata" //DeaDTerra |
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Okay it seems like we will do a payout For anyone unhappy with this contact me and I am sure we can reach some sort of compromise. To the rest a payout will be done today or tomorrow, It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC. //DeaDTerra Well, "today or tomorrow" came and went, and no sign of any repayment. What's happening DeadTerra? See my post above MtGox limit of 200 BTC ^^ I need to wait 24 hours to get out the last 35 Bitcoins. //DeaDTerra Sounds good If they aren't sent by today's end, it would be great if you could post an update explaining why. How many coins did you manage to get out in total? Thanks! 414 Bitcoins is currently sitting in the wallet and 35 Bitcoins are still in MtGox. There's still a couple of hours before I can withdraw the rest from MtGox, So the payout will be tomorrow evening when I get home. //DeaDTerra |
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Okay it seems like we will do a payout For anyone unhappy with this contact me and I am sure we can reach some sort of compromise. To the rest a payout will be done today or tomorrow, It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC. //DeaDTerra Well, "today or tomorrow" came and went, and no sign of any repayment. What's happening DeadTerra? See my post above MtGox limit of 200 BTC ^^ I need to wait 24 hours to get out the last 35 Bitcoins. //DeaDTerra |
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