Optimal Bitcoin Mining Corp. now offering remote GPU use contracts!

[Ben Walsh (beamer)]

Any issues you have with the GLBSE stock exchange are purely between yourself and GLBSE. You should seek compensation from GLBSE for all reasonable losses you incur.

The significant downtime is not just impacting you - I have been unable to trade (both buying and selling) shares when I wanted to - I have suffered losses as a result too, however, I took reasonable steps to mitigate the risk of such losses (which I considered to be HIGH given the clearly stated BETA status of GLBSE) - something any business does as a matter of course.

[Ben Walsh (beamer)]

I refuse to accept any punishment for the actions and behaviours in the business relationships between Optimal Bitcoin Mining Corporation and others.

I am responsible ONLY for the actions and behaviours in the business relationship between Optimal Bitcoin Mining Corporation and MYSELF.

Initially I was going to, but I now I see that people bought up a large amount of shares to try to take advantage of the fact that they will be repaid in 5 days and turn a quick profit.  This was never the purpose of the bonds and as I stated earlier, the bonds were intended to raise capital for the company.  Additional funds are of no use to me to have for 5 days at this point.  In any case, I have been unable to access my account lately and have been in contact with Nefario to try to access my account.  I have not heard from him recently, so I am taking the following course of action:

If Nefario does not get back to me by December 1st, I will have no way to access my account, thus the bonds cannot be repaid.  If Nefario does get back to me by December 1st, the bonds will be repaid such that only those bonds that were purchased in the 30 days prior to December 1st will be repaid at 1 BTC each and bonds purchased in the past 30 days will receive the original 0.9 BTC only, which (without being able to view my account) is about 163 BTC total.  There were 63.78 BTC purchased in the last 30 days, so a total of 219.7 BTC will be paid out, with each bond will receiving 0.97 BTC.  If the number of bonds purchased in the last 30 days is greater than 71 on December 1st, that means that people are trying to take advantage of me and, therefore, everyone will only receive 0.9 BTC at maturation on Dec 1st, and you can thank the few people that don't play by the rules for screwing it up for you, (this assumes Nefario gets back to me by Dec 1st).

It sounds like a fair deal but for next time don't issue more bond then you can sell simply issued in batches of shares until the market seems saturated. Nefario has been online and has been talking to the community recently, Please send him a pm on this forum and on the GLBSE and I am sure he can help you

[dmcurser]

Hey look as far as im concerned it is on you for your losses. you losing your api key and such is your problem. you cant change your contract anytime you feel like it. I do agree yes neferion was unable to responed to ppl for a while but i know i have talked to him on glbse about 5 times in the last two weeks and he has indicated on the glbse forum that he has spoken to you so this bs about im unable to contact him and such is just seeming like a poor mans excuse not to follow thur with what your contract agreement states.   


https://glbse.com/forum/viewtopic.php?f=17&t=50

[Ben Walsh (beamer)]

@dmcurser

Thanks for bringing this to the attention of myself and the other shareholders. Much appreciated.

@OPTIMALBITCOIN

I'd like a response from you on this. Nefario states in the linked thread on the GLBSE forums that he spoke to you recently. Are you saying that he did not ?
Nefario will be able to provide details of when the relevant accounts were accessed. At this stage, it appears you were able to remove the sell order if you wanted to.
The costs of your failure to do so should not be beared by those who invested in your endeavour in good faith.


EDIT : with -> who

[dmcurser]

just an fyi nef has been taking care of issuse last nihgt he transfered my old account for me so nef has been taking care of his end on glbse i belive that ootimal you should just own up to your own mistakes and pay your lenders what you disclosed in the contract that you provided.


edit as of checking it also seems the extra 2000 or so shares have been taking down hmmm how could that be unless you got your account info???


ps still waiting for a response

[Ben Walsh (beamer)]

For future reference, GLBSE is currently fully accessible and the depth for OPTIMALBITCOIN asset is as follows ...


ben@ben-laptop2:~/bitcoin_stuff/bmc/black-market-client$ ./bmc.py depth OPTIMALBITCOIN
Enter passphrase:
 
bids --:-- [[1, 80000000]]
asks --:-- [[3, 89999990], [1, 100000000], [11, 100000000], [10, 100000000], [25, 100000000], [10, 100000000], [54, 100000000], [2, 110000000]]

[dmcurser]

CONTACT OPTIMALBITCOINMINING
PM:Send private message
USER STATISTICS
Joined:Fri Jun 17, 2011 4:49 amLast visited:Wed Jun 29, 2011 7:55 amTotal posts:3 | Search user’s posts
(0.40% of all posts / 0.02 posts per day) Most active forum:Assets and shares
(2 Posts / 66.67% of user’s posts)Most active topic:Optimal Bitcoin Mining Corp. Bond IPO NOW AVAILABLE!


hmmm maybe thats his problem to lazy to log on to the glbse forum to let nef know he locked himself out? and he was last on this forum at 655 pm and still no responce from him i think this is looking more and more shady.

[Nefario]

So just to chime in on this, I've "reset"optimals account by transfering to a new one, and it seems he's having issues with his password. So I'm doing that again.

Having his assets switched to a new account does not copy transaction records to the new account, only all the assets, so he doesn't have access to previous transactions.

PS. I've begun development of the next version of GLBSE, I'm aiming for a testing release before new years.

Nefario

[dmcurser]

id really like i reply from optimal about this. and what he plans to do hopefully he is a good bissness man and owns up to his negligence and holds true to his contract but we will see

[dmcurser]

Optimal can we plz get and update on what you plan to do tommorow the 1st. i see that you have loged in everyday this week but still have not posted a reply.

[optimalbitcoinminingcorp]

Good news:  I figured out a way to pay the shareholders and I have paid out 63 BTC today.  I am waiting for the rest of my funds to clear in the next few days and then 141 BTC will be paid out in full to the 204 shares.

63 BTC/204 shares = 0.3088235294117647 BTC/share paid so far

141 BTC/204 shares = 0.6911764705882353 BTC/share will be paid over the next few days

Thank you to the shareholders for your patience.

[dmcurser]

ty vary much optimal for replying and also upholding to your contract plz keep us informed on progress.

[Nefario]

I think optimal deserves full credit for delivery on his promises.

Nefario.

[teflone]

I think optimal deserves full credit for delivery on his promises.

Nefario.

Great job guys..

Everyone likes to be in the loop... obviously..

[brendio]

I think optimal deserves full credit for delivery on his promises.

Nefario.

Sorry, I'm only giving him 30.882352% credit. The contract stated that the bond would be repaid on or before December 1. He did not deliver on that promise, even if it was his intention and he failed for technical reasons.

I'm looking forward to remitting the remaining 69% credit once funds are received.

[ovidiusoft]

Good news:  I figured out a way to pay the shareholders and I have paid out 63 BTC today.  I am waiting for the rest of my funds to clear in the next few days and then 141 BTC will be paid out in full to the 204 shares.
63 BTC/204 shares = 0.3088235294117647 BTC/share paid so far
141 BTC/204 shares = 0.6911764705882353 BTC/share will be paid over the next few days

I think a better method would have been to place buy orders @ 1 BTC/share, so in the end you would get all shares. By paying the 1 BTC as dividends, there will still be shares sitting around in different accounts, which is probably not what you want if you will need to reissue bonds or shares in the future.

You can still do this if you want. Place 204 buys @ 0.69117647.

[optimalbitcoinminingcorp]

Ovidiusoft, thank you, yes, good idea.  This is what I will do once the funds clear.

[dmcurser]

just checking to see for an update optimal

[optimalbitcoinminingcorp]

Okay, a buy order has been placed for 141 bonds at 0.69117647 BTC each.  Thank you everyone who bought bonds!

[brendio]

The buy order's disappeared. It fulfilled on order for 10 bonds, then was gone. Are you still short on btc?