I need a link to the old wallet download url. Any help?
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I also deleted (in my litecoindark.info) file, the "P2PPORT=" line too just to make sure I wasn't mining on the P2P network with other miners mining to the wrong wallet. I don't know if that was a good idea or not, any ideas?
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This node is directly under my administrative control and is in fact a valid seed node.
According to the series of messages back and forth between best-pool and myself, they are running on the correct wallet.
I'm hashing hard there myself. Doing everything I can.
TBF, if BEST-POOL doesn't lock their wallet peers to the "/Satoshi:1.2.0.1/" peers only, they will be on the wrong fork due to >50% of the miners/pools using the wrong wallet. Can you make sure they lock their wallet peers so that we know for sure they are on the right fork? If anyone else knows for sure any known good peer addresses, please feel free to share. I hate to put all the burden on 24.199.222.230. Thanks in advance!
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Just to clarify, the known good peer is below, correct?
[ { "addr" : "24.199.222.230:11040", "services" : "00000003", "lastsend" : 1412186747, "lastrecv" : 1412186747, "bytessent" : 1209, "bytesrecv" : 8607, "blocksrequested" : 0, "conntime" : 1412186747, "version" : 70002, "subver" : "/Satoshi:1.2.0.1/", "inbound" : false, "startingheight" : 36999, "banscore" : 0, "syncnode" : true } ]
If so, I have changed my litecoindark.info file to remove the "addnode" addresses to something like:
listen=1 server=1 daemon=1 rpcuser=[yourusername] rpcpassword=[yourpassword] rpcport=21040 connect=24.199.222.230:11040
This connects my wallet to only the 24.199.222.230 node.
Please confirm two things:
1. Is this node the valid seed node? 2. Are you absolutely sure that BEST-POOL.COM's wallet is on this fork at block 36999? I am throwing some serious mining power at BEST-POOL.COM and I want to make sure I am not wasting my hash power.
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29 NEC for sale. PM me. Can't find an open exchange trading these.
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Would you submit LRM financials to a third party audit paid for by contract holders?
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LRM,
This contract appears only to address the 100MH/s contracts being issued from here forward.
Please tell us how you intend to migrate existing contracts into this contract version. This is a very clear change in your companies' growth and dividend philosophy. There must be some sort of grand plan in place to migrate existing contracts to keep your investors as whole as possible given their initial investments.
Please explain.
Thanks,
Rustyh17
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Lab_Rat, thank you for the feedback regarding your talks with legal counsel. Do you have any idea of the time frame for completion of your IPO revision proposal?
When this change was announced on 08/MAR/14, things got really uncertain, really quickly. It is now exactly 20 days later and a lot of FUD has destroyed bond valuation and confidence in LRM as an unregulated security.
countduckula's points of interest are completely valid from an investor perspective. People do not normally jump immediately to consider the worst, but this is not a market with regulation or oversight. What that does is force investors to continuously conduct their own due diligence and perform a running risk assessment of this asset. We are attempting to regulate this asset ourselves. The real problem is: ZERO INFORMATION = UNLIMITED RISK!
Solve the ZERO INFORMATION problem and you'll go a long way toward pulling this security back from brinkmanship.
My base question is, "Are you going to provide a solution that honors the original IPO agreement and acts in good faith to maximize investor return on investment?"
That's really all I need to know. I'm not sure how or why answering that basic question (in no uncertain terms directly from your fingertips) increases your legal liability on this asset. Can you answer that question or are you truly directed by legal to say nothing?
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Alright; lets give LabRat time until wednesday.
If he does not reply until there, someone located in the US should prepare for a class action.
@rustyh17: My read is you live in the US?
Yes, I'm in the US. I'm not advocating some sort of specific timeline for LRM response. I am only trying to get a majority interest together in advance to be prepared in case it is needed. There are more interested parties now and I am more confident on establishing a majority. Please continue to PM me regardless of your holding amount. Every bit helps!
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I think there are plenty of people with lawyers on stand by right now
I would submit that proceeding collectively could maximize our voice and minimize the individual expense of legal representation (if that is necessary). ... So, bondholders, please PM me one way or the other at your earliest convenience. I have received a significant number of bondholders who are interested. If you would like to join this group, please PM me and I'll add you to our contact list. This list will remain undisclosed until such time as we have determined whether a collective effort is even necessary. Thanks for your help!
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I think there are plenty of people with lawyers on stand by right now
I would submit that proceeding collectively could maximize our voice and minimize the individual expense of legal representation (if that is necessary). I have received some PMs from interested parties. I still see wisdom in acting collectively regarding any formal legal responses from LRM. I would appreciate a PM from you either way (collective or individual approach), so I can get a head count. If we don't build a majority group, our response will have little impact. By the way, I'm not the type that does much of anything "collectively". I'm mostly doing this to try and maximize our voice and minimize the cost associated with this process. I am also not doing this to establish some sort of leadership position in this group. I would just as soon let someone who has a little less skin in the game be our chief advocate. If your decision to act collectively or individually is still on hold until you hear what LRM legal comes up with, that is fine too. I will submit that getting a team put together ahead of time is more proactive than reactive. In my experience, when I have behaved proactively in my past situations, it has always served me better than when I behaved reactively. So, bondholders, please PM me one way or the other at your earliest convenience. Thanks, Rustyh17
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I think there are plenty of people with lawyers on stand by right now
I would submit that proceeding collectively could maximize our voice and minimize the individual expense of legal representation (if that is necessary).
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I believe it is time to start building a bondholder quorum so that when we receive a formal response from LRM regarding a contract change, we are ready to proceed with a formal response based on real consensus.
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Well, look, the crowd is learning!
TaT, it only took me from APR/2012 to present to learn to start asking the right questions. The WoT appears to be subject to scammer infiltration as well, though infinitely better than blind trust. Would there be any way of "seasoning" a decentralized security in similar fashion to a promissory note? This would assist in providing a discount rate for said security. I guess what I'm really asking is, "Is there a way to specifically establish a level of trust for a given issuer in a decentralized, quantifiable way?" How about a system similar to a consumer credit rating or a DNB rating for a business? Does WoT really address this completely? I'm looking at 5 years in the future when new products and services are flying into the crypto space. I want a way to make good calculated risks with investments through a decentralized method that attempts to quantify trust ratings as much as is realistically possible. I want to eliminate as much subjectivity in trust ratings as possible. Maybe WoT is already the right vehicle...maybe it could be improved upon.
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Reading MPEx's response to SEC inquiries about SD has got me thinking more about decentralized securities platforms. Even if all the crypto securities exchanges are eventually shut down or brought into compliance, how will a decentralized platform for securities issuance and trading give us more liberty to invest what we want, when we want, and with whom we choose? Won't the SEC just track down and shutdown the issuers themselves?
I mean, before I would want to invest in a crypto security, I'd want to know the details of the offering! This would include most certainly the identification of the issuing companies' lead personnel. If that is a basic tenet of securities investment, then how will a decentralized platform help the situation? Won't the governing authorities just go after the security issuers directly?
I'm just not seeing how a grand decentralization plan for securities is going to make a real difference in my freedom to invest in crypto securities. Any insights from the professionals around here? Thanks in advance!
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Almost similar to yesterday: 0.00293247 BTC per share, so again almost 0.3% per day I read every post you've put on BCT. You've been around awhile. You aren't just posting about casinos. You got burned by BFL (like the rest of us). You look like a real contributor to the community. 00null, your motive for talking on about playtin is not understood. Do you care to be more transparent as to why you keep saying, "Come on in, the water's fine"? Where are all the other folk saying, "Come on in, the water's fine"? Why did playtin stop activity on the bct forum? Do you know who runs this casino? Can you show (within this forum space) how the casino is provably fair? (I'd love to see a txid from one of your recent bets). Anyway, a 100BTC is a lot of coin to risk on a low volume, low purse casino. It will likely take much more than you reporting 0.3%/day return on investment. If you want to grow the success of this casino, please explain how they intend to grow their business model. Ultimately, I am asking for some "investment worthy" information.
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This is way too true. The only issue is that if I paid out all of Z, I would be in a lot of red....
The Z amount would, of course, be less the agreed percentage that LRM would have kept per the terms of the original contract.
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As long as LRM issues the correct multiple of 100MH/s contracts for the 58,792 original variable rate contracts based on the total purchased hash rate to date, I see no problem with him. He would be acting in good faith.
We all took one main risk when purchasing these contracts. We all fundamentally believed that LRM could mine more BTC than it cost for us to purchase the mining hardware. This belief was dynamic and transient in nature. That is, there was a time value associated with each piece of hardware LRM purchased. If LRM could purchase in bulk or get preferential delivery or get lucky with BTC pricing at the moment, it could provide more BTC returned per BTC invested. That was the key to this whole agreement.
The facts are that LRM (and just about every other mining company on earth), got steam rolled by hardware manufacturers. This occurred because of late deliveries and prices that were too high per gh/s. As unfortunate as that is, LRM cannot be blamed for that.
All we can really do is make sure that LRM took in X amount of BTC, converted it to Y amount of $, and purchased Z amount of hash rate. We are entitled to Z amount of hash rate divided up 58,792 ways. That is it. If that "conversion engine" does not yield > 100% BTC out for each BTC in, then we are S.O.L. If LRM does not give us X-->Y-->Z conversion fairly, then LRM needs to be held accountable for that.
Please enlighten me if you feel this is overly simplistic.
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Grnbrg, Would it be possible for you to put together a weekly summary including, but not limited to: - A list of known hardware items that are on the horizon for LRM and projected timing,
- A list of special projects that might affect hash rate and their projected timing,
- A tally of total BTC/share paid back in dividends, and
- Total ongoing bond count?
Perhaps then Zach can just plug in or give you answers/updates to this type of weekly report without it taking more than a few minutes.
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Verifies to:
1MWPSLU5QW5YnwztWxGgspzTMPxiAv8k3A
Edit: Found "The List." Sparky is a serious holder.
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