Nope, but I sortof never expected any either.

Always good to hear from a cheeky chappy though haha.

I did, I just went back, and I mixed you up with HunterS. This is why I asked "arent you the guy ...". Apologies for mixing you up.

But I did sortof ask you ...


I'm just looking at anecdotal/circumstantial evidence. To fail this hard almost requires a master's degree in failure and stupidity. Typically the most likely answer is usually the most obvious/easiest explanation, which is also what's lining up with the circumstantial: Some sort of a con.

It could be something as simple as folks getting together to buy the exchange, then milk it, then do something with it like make a better one out of it (just heard today a new CR-like exchange is popping up).

Or

A long double-blind con, where ownership never actually changed hands, and the whole time the new owners were merely partners with the old ones.

This is all speculation, I've maintained that from the outset. If I'm wrong, that's fine too, nothing lost or gained, except for more evidence of even more mind-bending stupidity out there in people.

One thing is for sure, I said long ago, don't trust a burned-down exchange when new management comes along, polishes the window and simply puts a new 'open for business' sign on the window. The wallets should have all gone offline, and they should've done major housecleaning before going back online. That was a huge redflag that either incompetent or nefarious individuals were behind the scenes.

Well like I said, best of luck. It's got the best looking webpage I've seen in awhile.



Correct.. never said the escrow individual wanted anything back. He felt uneasy, and the people who are your customers were asking him about refunds.

I still have the IPO details in an email somewhere.. I'll see if I can find it, but I can assure you that's not how it was setup. The IPO was to start up the business, by getting the first batch of GPUs, paying the developers, and all startup costs and maintenance fees (which can include holding some back for next month if necessary).

Everyone here has recalled it in that fashion, except you. I'll go out on a limb here and say that perhaps your recollection of the situation is marred by how you want it to have gone down.. because unless even the folks who are on his payroll got it wrong (which is.. highly doubtful), it would seem you're getting it wrong.

Also since the GPU purchase was the primary usage of the funds, Virginia would basically be like "so.. did a bulk of the funds go to this? Ok cool, later bro".


...and to fund the startup.


We can all agree on that, even the devs.

Aren't you the guy who said, just a page or 2 back, that CR is 100% legit ? Since you have insight, can you explain it to us?

It would be helpful for all of us who do not have a clue about any of this

Yup.. UNLESS.. you wanted to put the cow on life support and continue milking what you can get from it.. which is what this looks like.

Unless they absolutely have no capacity for sense whatsoever. Some part of me wants to hope that people aren't that dumb.

I mean, at best, buy the exchange for its codebase and then completely rework it, phase out the DNS, setup a new name, back it, insure it, make it look different.. and go from there.

Circumstancial evidence is pointing to the likelihood that they simply got together to milk it.

Just saying what I was told. I won't mention the Escrow's name, but I'll pass your statement along to him so he can contact you.


I'm not throwing dirt. You guys disappeared for several days. Your thread started lighting up with complaints, including from bounty claimers and one of the official escrow folks. You admitted that you dropped the ball and lost your login credentials. You admitted in failing to be timely with responses. It was your users who asked me if I knew what was up, and the first thing I did was check the nethash and saw that it was at a whopping 20MH, which is usually a good indicator that something is wrong.

Then I reviewed the thread and merely warned people that there could be a problem, especially given the very vague purpose of this coin, that they should be cautious.  In the digital age, minutes matter, and you guys diseappeared for far too long, and shot yourselves in the foot. I also wasn't spamming to go use other coins, I merely added onto conversation others were having about business coins.

I could literally care less about your project--including throwing dirt, I'm just monitoring it. If you're so sensitive to take this as an attack, I wish you the best with handling further problems.

And at the time of this post, it's up to almost 40MH.

Seems like you got your posts mixed up.


...so you have absolutely no interest in any type of financial, technical or any other sort of profit whatsoever? For the entirety of its lifetime, Surge is just a hobby you will always do pro-bono? Because a business venture is something you do for some sort of gain, usually a company: http://www.businessdictionary.com/definition/business-venture.html

Semantics man.


Never said the dude wanted anything back, merely said he was feeling uneasy about the lack of communication from you. Care to re-read my post?

Some users, even the faucet and explorer guys, exclaimed how you guys hadn't talked to them in quite awhile.. the premine was also delayed for days. All I pointed out was it's pretty crazy that apparently the only people who had login credentials, forgot them somehow.. if it's a business venture, shouldn't the owners have all of the login credentials for accounts which are speaking in official means for their coin?

Not to mention one of the Escrow people even messaged me and said he was getting a bad feeling about it, and had some users asking him about a refund. So.. you guys pushed some wrong buttons on at least a few people's keyboards.

Not trying to spread FUD here, you guys did that yourself. Maybe right now you're in a soft-launch phase. Once you guys have the business "stood up" then maybe it'll take off. Until then, your coin is in a very dangerous state.. next to no nethash. It could be taken over by anyone right now. You guys need some folks who believe in it to mine it before it gets ripped up.

To the others: There have been several coins which have a legit business backing and use, TAGcoin has been around since November for example. Potcoin isn't even fully "launched" yet, and is very stable. The website is functional, maybe it's not a design everyone likes, but it works.

I'm not trying to be mean, I'm just pointing out some obvious problems.

One thing I can say positive.. I would definitely consider hiring the web dev team, they did a fabulous job.

Definitely.. trust your BTC to people who forgot to do their jobs, forgot login details, failed to follow up, let their coin pretty much die, and had no idea how coinpayments works despite claiming to be on top of everything weeks in advance.

Well.. if the admins responded to the folks asking, that might help. HunterS told us how they were blowing up twitter with active messages, and weren't refusing to respond to anyone.

But for some reason folks are hearing crickets back? The chatlog is new/recent .....



(again?)

Yeah.. but he kindof did. The primary trade was BTC for IPO of GPUC, and nothing more. Did you receive your GPUC? If yes, then that's all she wrote. This subject is now at an end.


$50 small claims court? There's a $50 or $150 fee just to file the paperwork in Chesapeake. And once they see that he upheld his side of the trade.. the judge would probably rule that you have to pay for lunch for everyone in the courtroom for wasting their time. Along with court costs. Another $75.


No.. he doesn't. Dude, seriously. I told you this multiple times. I live up the street from Jaymes. I'm familiar with VA court and business rules, I've owned several businesses. He doesn't have to disclose anything. He's an LLC. Limited Liability Company. What that means is, he is liable up to the value of his profits essentially, and is only required to keep tax paperwork in order and fulfill any obligations--which he has with the IPO. His tax attorney handles the rest, as he has explained.


Your time for refunds was back when I made my legal threats--which actually HAD merit, and he promptly returned my coin. I warned everyone to get out while they could. This guy has previous business(s) in his name which all folded in the past, unless there's another person with his exact name. I put all of this in the thread here and elsewhere and linked it, and you and other folks ignored/laughed at me. He has no demonstrated business ability, and if you ask me he probably got kicked out of the Nuke program.

Tough cookies bro.


Not only would he win, he would laugh so hard he'd probably pop out a feathercoin.


I kept track of most of the refunds within the refund timeframe. I don't recall you filing for one within the timeframe, I believe you were one of the ones wanting to stay in. Just going on memory. The timeframe was only a few days, which was more than enough considering most people had already voiced to him prior to that of their intentions for refund. It was like a handful of folks.


You mean your drumbeating and face pounding?

I get your frustrations but the fact is, you took a leap of faith into an investment with someone you don't know. 100% gamble. Crap failed you. Look, I don't like the guy either but fair is fair, he upheld his word as far as he had to. I started getting a fishy feeling about him when I told him I was local and was willing to be involved heavily in the project to get it off the ground. I have a decent reputation on here, even folks who hate me will acknowledge I'm up front and willing to help. I have a small mining network at my disposal, multiple farms, and am on here daily. I could've handled his marketing and tech support, and even some of the mail

When he found out about that, he pretty much ghosted on me and refused to converse back with me. HUGE black flag in my eyes, so I immediately requested an out as soon as the first sign of incompetence popped up (wanting to change the algorithm on a whim hours before launch).

I get what you're saying but dude, drop it. Most of the BTC went to the huge GPU order he made, as well as other expenses. Even if he did run off with it.. IT'S HIS TO RUN OFF WITH. In Virginia a successful legal transaction is when both parties agree to something and both ends are held up.

Almost all of your posts are just emo without logic. You're trying to infuse hopeful logic.. but it doesn't work. Hope is not a course of action, it's a dream.

What gridseed are you looking at? For $150 shipped you can get a device which mines at 350-400kh. With a few minutes of adjustment, it'll do 450 which is on par with a 270. For people who are serious about mining, you get pricing as low as $135 shipped. This is full kit pricing, not just the device. Try finding a GPU which will do 450+ kh for $135 shipped which also includes your PSU, motherboard and other essentials. And the price will be $100 pretty soon. First gen rack mining systems are on the way in May, even more hash for less power and cost per kh than right now.

As to ROI.. nothing in this market is profitable right now, but BTC wasn't for 5 years either. It's all about the long term purpose. For GPUC, if he hadn't switched to N, it would still be "affordable" for people to mine and would've provided a buffer for lack of marketing and management.


KNC will own the Scrypt market by Q1 2015. Their entry level systems will be 300-500mh running off of a simple PSU. I would trust them over others, but, Gridseed's equivalent unit is already being developed as well. Expect those 2 companies to do some great stuff. I realize ROI is important, but BTC/LTC will bounce back strong once we get through this dip. We haven't hit the floor yet, but when it goes up it's going to be pretty strong.


Yawn. They said the same thing about Scrypt. Considering they've already overcome this for Scrypt AND ScryptN.. it's a moot point.  Especially with the ASIC units costing LESS than similar-hashing GPUs.. which you've apparently failed to consider.


This was all said by the Scrypt ASIC detractors months ago.. and most of them are switching over.


Go back and look at the GPU market when BTC went to ASIC. You couldn't sell the cards for anywhere near market price, but you could with ASIC. While I understand the point you're trying to make, and I do agree that you can usually resell GPUs provided they have a market, it doesn't matter if you can't resell an ASIC because it'll ROI far faster than a GPU, and since it uses next to no electricity (1-5w @ 12vdc @ 350-500kh) compared to a similar GPU, it wouldn't make sense to resell them. But, if you did.. you'd find people would be willing to pay a lot to get their hands on them.

To say you can't do that with ASICS is to go against ASIC history in the cryptocurrency movement. It's as if you're ignoring it.

So in summary.. they cost equal to less.. they use exponentially less power.. and provide equal to greater hashrate.. and you're going to say they're the worse choice?

Open up a spreadsheet program and take 5 minutes to run ROI calculations. ASIC will ROI in about half the time on average, and in this market that means a lot.

I mean.. I've already talked to OEMs who are working on the ScryptN ASIC as we speak. Like I said a billion pages back.. likely Q3. There's also a multi-algo ASIC being developed.

ASIC is your friend. A failure of a business manager isn't.

It certainly doesn't help that the focus right now is on ASIC conversion, BTC is down, the owner virtually disappeared for almost a month, needed changes never happened.. I mean with so many issues cascading.. is it any wonder other coins are doing better right now?

I mean, if the CR junkies are correct in saying they only got hacked once, then this would indicate they've once again run off with BTC/altcoin.

Speculation.. but you can't say you weren't warned..

I warned people about this.. Dev kept saying their coin was different, and when I asked him on this he had no answer other than "we will make it good" (paraphrased).

Whether they had nefarious intentions or not.. he's either delayed in some amazing announcement, or this was to just pull hashpower away from other coins.

The point I was making is it doesn't make sense that someone bought the exchange, knowing it had this level of failure, thinking they could turn it around.

Also, not sure what the dude up there just posted, but if that was another mass loss of BTC..

It's in the GPU forum somewhere.. TLDR: simple permutation of a moving average. Failure to heed good advice is the root of what's killed this venture honestly, not how the price system works on the website.


Interest. More people interested in it than GPUC. Last time I checked (few days ago) nethash on GPUC was less than 300MH. That's deadzone territory for a coin beyond 30 days of age. By this point, you guys should be 1GH stable, at least. It shows some interest but likely not enough.

At this point, they should just price the GPU's based on 1 satoshi value so it couldn't get worse, then see if that life-support mechanism works.