hey silverbox. wanna bet me 10 BTC that Apple won't break $500 again?
+1 I am short apple since 545 $ the second time after the nice move from 700 to 530... |
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my candles start on Mondays and last until Sunday night in the weekly charts.
I would be happy to change it to whatever day you think is better :-)
that said, I think most regions count their week from Monday to Sunday.. so we better keep consistency
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pretty curves
3,300 just to secure at 13.79
By the way, I have just issued the weekly newsletter to subscribers including precious metals, and major global stock markets.
If anyone of you want to get in for January 2013, there is still the promotional price for 1.99 BTC per month |
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in the end, the starting date does not matter as market psychologies and overall trends do not change with choosing an specific starting time
But for you, I moved the starting date by one day so you are happy :-)http://bit.ly/qJDsYw
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Can you explain what your concern is?
I used the same source that bitcoincharts is using and all my data is as accurate as possible.
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thanks, every weekly bar is 7 days x 24h in my charts
your 7 days bar do end on sunday ? if does not end on sunday u dont have a weekly bar a week is a week as long as it is consistently 7 days, there are regions in the world who dont have a week defined monday through sunday. |
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thanks, every weekly bar is 7 days x 24h in my charts
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I was doing the math on this reversal idea earlier, and I think there is an aspect being overlooked.
There were five tranches of shares issued, starting at 5k and eventually reaching 40k. Just for demonstration, I'll focus on shares in the first tranche.
If I understand correctly, the contracts were sold for 1 BTC. This generated approximately $5.12 for Giga to spend in the normal economy on hardware and other business costs for the operation.
Counting up until the last dividend that was actually paid, the share generated a total of about 0.48 BTC for the owner, leaving 0.52 BTC to pay to the owner in order to negate the original contract, according to what has been proposed here.
But due to the dramatic increase in BTC value, Giga would actually have to spend about $6.49 today just to cover that 0.52 BTC, significantly more than the dollar capital that the whole share generated in the first place to actually buy equipment, space, and electricity!
One other factoid that you might or might not find to be relevant: it is easy to calculate the fair market value in dollars of each dividend at the time it was paid. The cumulative FMV of all the dividends that were actually paid through GLBSE is $3.68 on that trache of shares, or 72% of what went in. If you sum all the way through the Dec 10 dividend payment in the queue, the total rises to about $4.84, or 95%.
That would all be fine and well if the investment was made in USD - but it wasn't. I DO accept that BTC increasing so strongly vs USD may not have been anticipated by Giga - obviously it was never a certainty to happen. But that doesn't alter a few facts: 1. Investment was in BTC. If contract is reversed then repayment would be in the currency originally paid. Intent of reversing a contract is to revert the situation to how it would have been had the contract never been entered into. Investors had 1 BTC in their wallet prior to purchasing so should have a BTC afterwards. Not really relevant what would have happened had he took investments in USD, LTC, Russian Roubles or Zimambwean Dollars - as he didn't. 2. By your figures this was basically always going to be a loss for investors from day 1. Less than half investment returned so far and with block reward halving and ASICs imminent investors would die of old age before the remainder got generated in dividends. Dividends generated are largely unaffected by exchange-rate - there's some small amount of impact rising BTC has on rate of increase of difficulty but for a fixed-rate bond the main impact on dividends for shares (reduced cost of power) isn't relevant. 3. Note also that BTC increasing in value doesn't only cause hardware to depreciate faster, it also helps in the other direction by reducing the percentage of mining output that Giga needed to spend on power costs. In short it appears that he sold a lemon that was never going to make a profit for investors - and now wants to make their loss even larger by forcing them to jump through hoops that he could (and should) have identified and disclosed before ever offering the contracts. He's the one who fucked up by selling a wortless (compared to just holding BTC) investment. He's the one who didn't bother working out what he needed to do to in order to comply with the regulations/laws in HIS jurisdiction - and has now belatedly decided to do so. When BTC rose vs USD did he start paying higher dividends as his costs to operate had reduced? I don't think so. So when it's now suddenly convenient for him to refer to that change would it be fair for him to do so? If he wants to play it by the book then that's cool - and whether he raises the funds by selling hardware, selling his house or magicking it out of his ass is not really any concern of investors is it? If he was concerned about the impact exchange-rate would have then he could hedged against it or just done his homework in first place and made sure he dotted his i's and crossed his t's before accepting every BTC thrown in his direction. Bottom line, cutting through all the crap, is he knowingly entered into a contract he knew was on dodgy legal ground. Many investors may well have known they were on dodgy legal ground as well. But now he's got cold feet over it, it's not investors responsibility to incur significant (for many, compared to investment) costs to cover HIS ass. Same as it's not HIS responsibility to incur costs sending THEM every bit of paper and jumping through every hoop that they ask for.
apostilles / affidavits are hugely expensive in many countries here in Europe and in my case would be about 80 CHF = 85 USD.
This was not part of the contract,
Now, Gigamining either needs to pay this on top of the asset buybacks and dividends or do the buybacks / dividend payments based on ID only |
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Guess how happy I am guys?   no way, dick Nice, everything according to plan! -- That was a 12k dump again? Same guy? Must have won alot of coins with Satoshi Dice and now he needs a new car. But it looks like there was no extra panic selling afterwards. Great! Actually only a 6k dump. 5k bid added around $12.60
are you subscribed to a service where you can see all the bids/asks? Yes, although btccharts is down right now. Of course http://mtgoxlive.com/orders is free and it shows enough bids and asks.
http://bitcoin.clarkmoody.com
for live charts and bid / asks
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congrats to this major achievement
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To all Gigaminers: I have received another list from GLBSE today. All of the new information is up on the website if you would like to check to see if you are in the list. The affidavit is also up as a Google Doc. https://docs.google.com/document/d/1oz5y4beQ_V3Yk59ZPEAMpjELchfXZdyxYYzZotE9GsE/editAs I have stated before, claims will be reviewed once per week so if you send your information in and do not hear anything immediately, please be patient. Best regards, James
What is the background for this? Are you trying to scam us? |
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forecast on track.
just issues a new short term update to subcribers
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just issued a short term update to subscribers 14 min ago
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Das Bitcoin Kiez projekt ist absolut genial! Weiter so. Gas geben :-)
leider bin ich nicht in Berlin
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How comes nefario paid out bitcoin based on 3 items of information that were not intrusive, yet you feel the need to pull this?
+1.
Agree. I think the bicoin community should finally do a revolution against such practices. I am happy to throw in all my few gigamining assets to go to court against themYou're being too premature. Before you can even consider "going to court" (which would be a long time and a lot of expense away) you need to contact his lawyer and find out: Whether he will pay all reasonable costs associated with fulfilling his demands for information, If you're unable (or unwilling) to provide that information, what is he intending to do (e.g. keep the funds from you and not deliver any of his part of the agreement). At the moment the official post doesn't address either of those points - and it's what he proposes to do in respect of those that would provide the basis for any action against him. The demand itself is just that - a demand - if you choose to comply with it then that's your call. If you'd prefer not to comply (or to have your costs reimbursed if you do) then you need to find out his stance on that before you can complain about it. If the response is along the lines of "Either you comply or we'll keep your BTC and not fulfil our half of the agreement" THEN you have something to complain about. Right now, that hasn't been said - so you need it to be said by his lawyer (of course it won't be worded in quite that way). You could also ask WHY the information is being requested, how it will be stored, who will have access to it, what it will be used for, how long it will be kept for etc. And IF it's being requested as part of giga's obligations to a regulatory body, which body that is - so you can check that his request is in accordance with the relevant rules/guidelines. I only know the relevant UK situation - so it may be a bit different where he is. |
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How comes nefario paid out bitcoin based on 3 items of information that were not intrusive, yet you feel the need to pull this?
+1.
Agree. I think the bicoin community should finally do a revolution against such practices. I am happy to throw in all my few gigamining assets to go to court against them |
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So my btc might still come? The suspense is killing me
So my btc might still come? The suspense is killing me
It depends on what you invested them on: Lol Seems a bit of overkill if you ask me.... Wowza. This is going to end up being worse than GLBSE was: The bitcoin payment address associated with your glbse.com claim
Name of the person or entity claiming beneficial assignment of the agreement,
The physical address of the person or entity (no Post Office boxes or mail suites),
The tax identification number of the person or entity claiming beneficial assignment,
For real persons: a photocopy or scanned PDF of government issued photo identification, or, for corporations the document number and issuing jurisdiction of the incorporating charter and proof of current good standing.
An affidavit attesting to the beneficial assignment of the agreement, which has been notarized (US residents/corporations) or local equivalent bearing the apostille of the competent jurisdiction. Copies of an acceptable affidavit can be obtained upon request from the law offices.
Aside from the rest of the PITA process, a notary isn't free. Cheapest I know of around here is $10. So it looks like he's making it so that unless you have more than $5-$10 (plus $$ taking time off work to go to the notary, plus $$ transportation costs, plus $$ postage to mail him the notarized docs since they're no good faxed or scanned.) worth of shares, it's not worth claiming them. Not very nice.  I hope this is the pre-GLBSE released list claims process...
This should get a big scammer tag and noone should do any business with gigamining any more.
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Request for claimshttp://gigamining.com/claims.htmlTo the bitcoin/gigamining community: Virtual Processing Solutions, LLC (hereinafter VPS) has entered into a number of assignable agreements (sometimes known as “gigamining”), whereby, among its other provisions, in exchange for financial consideration, VPS agreed to conduct electronic data processing services and provide some portion of the outcome of this processing in the form of “bitcoins” to the current beneficial assignees of these agreements. These agreements were offered and subsequently traded on www.glbse.com. As you may be aware, www.glbse.com has suspended normal operations. It is the intention of VPS to comply with its obligations pursuant to these agreements to the extent consistent with U.S., international, and local law. While VPS is not aware of any current regulatory action involving www.glbse.com or itself, it is clear that trade in “bitcoins” is attracting increased regulatory and taxation scrutiny. Accordingly, VPS has retained the Law Offices of Carlos M. Fleites, to resolve such outstanding agreements in a lawful manner. If you believe you are the beneficial assignee of such an agreement, you are requested to contact the Law Offices of Carlos M. Fleites in writing at the below listed e-mail or physical address to provide the following information: - The bitcoin payment address associated with your glbse.com claim
- Name of the person or entity claiming beneficial assignment of the agreement,
- The physical address of the person or entity (no Post Office boxes or mail suites),
- The tax identification number of the person or entity claiming beneficial assignment,
- For real persons: a photocopy or scanned PDF of government issued photo identification, or, for corporations the document number and issuing jurisdiction of the incorporating charter and proof of current good standing.
- An affidavit attesting to the beneficial assignment of the agreement, which has been notarized (US residents/corporations) or local equivalent bearing the apostille of the competent jurisdiction. Copies of an acceptable affidavit can be obtained upon request from the law offices.
All information provided will be held in confidence and used only for the purposes of lawfully fulfilling the obligations of the agreements and not shared with outside parties except as required by law. If you have any questions or concerns, please address these to the law offices at the following e-mail or mailing address. qpage@mylawyr.comor Law Offices of Carlos M. Fleites, ATTN: Quentin A. Page 407 Lincoln Road, Suite 12-E Miami Beach, FL 33139 USA Finally, since no unique identification exists for outstanding agreements, ALL CURRENT BENEFICIAL ASSIGNEES ARE STRONGLY ADVISED NOT TO ENGAGE IN ANY TRANSFER, SALE, OR ASSIGNMENT OF THESE AGREEMENTS OUTSIDE OF GLBSE, AS IT MAY RENDER IT IMPOSSIBLE TO VERIFY AND SERVICE SUCH AGREEMENTS. Thank you for your prompt attention in this matter. This can't be true. Are you joking???
I have waited to reply to calm down the emotions but many hours later I am stil UPSET.
This should lead to a scammer tag, in the most prominent way.
You can not suddenly increase requirements leading to holding funds and dividends and shares hostage for so many people |
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