Bitcoin Forum
February 23, 2020, 08:57:08 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 »  All
  Print  
Author Topic: [BitFunder] Graet.Loan - Paying 0.05% interest daily  (Read 52575 times)
Bananery
Member
**
Offline Offline

Activity: 108
Merit: 10


View Profile
December 07, 2013, 08:35:09 PM
 #121

So seems like the dividends are no longer being sent to Bitfunder... and they don't seem to be being forwarded to Weexchange.

Graet: We could all use an update here. Doesn't have to be much but a provisional plan would be nice.

Thanks

He paid 7 BTC on the last day of November, so it means we're covered until December 8th. I hope Graeme can give an update tomorrow, but looking at how slow his communication has been so far, I'm not expecting anything for several weeks.

Next time he pays dividends, it will probably cover at least a week or maybe even a month. Paying every day isn't for best, because the transation fees will take a lot from the dividends. I'm quite alright with weekly or monthly dividends.
1582448228
Hero Member
*
Offline Offline

Posts: 1582448228

View Profile Personal Message (Offline)

Ignore
1582448228
Reply with quote  #2

1582448228
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1582448228
Hero Member
*
Offline Offline

Posts: 1582448228

View Profile Personal Message (Offline)

Ignore
1582448228
Reply with quote  #2

1582448228
Report to moderator
lunarboy
Hero Member
*****
Offline Offline

Activity: 544
Merit: 500



View Profile
December 07, 2013, 09:37:49 PM
 #122


Next time he pays dividends, it will probably cover at least a week or maybe even a month. Paying every day isn't for best, because the translation fees will take a lot from the dividends. I'm quite alright with weekly or monthly dividends.

Weekly makes a lot of sense now the tx fee is so high, i'd be reluctant to switch to monthly unless there was an official method to trade shares and a new published business plan.
digit
Legendary
*
Offline Offline

Activity: 1647
Merit: 1008



View Profile
December 09, 2013, 08:10:39 AM
 #123

Graet what about GPT.ESecBTC and GPT.YABMC assets?  

In case you were not aware ESECURITYSABTC on BTC-TC has already been migrated to Crypto-trade nearly a month ago and dividends have already been paid for October. If you not planning to continue the pass through, could you transfer the shares to the individual holders who have accounts there?



November dividends about to paid out soon.  Can you give some answers please?

BTC:1DigitwteXwFcRAaWpVDRp6eKqzC6y9tgm ■ ŁTC:LKMcEHoFWHAUoRscqW1cwjhLgFrk7MgCWU ■ BLK:BR4WG59FjQYiQNVR3Ftn9EYgs4kJE1YLUK ■
julz
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
December 09, 2013, 08:57:30 AM
 #124

I don't understand why dividends are (were?) being paid via a system which Graet would know (as a director of weexchange) has lost coins.

If those of us with funds trapped at weexchange don't end up receiving the full amount - it seems unreasonable for him to have paid into a system which will not return 100%.

I applaud the efforts to resolve the situation via a deal with Neo & Bee, but if there is any doubt that the full dividends paid into bitfunder/weexchange will reach the shareholders, then such dividends should have been with-held until direct payment was practical.

There is no circumstance under which it is reasonable to put yet more user funds into a system which is not going to pay out 100%.  
Adding such funds after the event, means that the average haircut would be less - but it is not legitimate to add more *users* funds to some loss-sharing pool.

I can only hope that this means Graet has complete confidence in the upcoming arrangements and has good reason to believe everyone will ultimately be paid.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
Bananery
Member
**
Offline Offline

Activity: 108
Merit: 10


View Profile
December 09, 2013, 01:29:26 PM
 #125

I don't understand why dividends are (were?) being paid via a system which Graet would know (as a director of weexchange) has lost coins.

Because he himself had funds in the broken system that he can't withdraw. By paying them inside of the broken system he makes them available to him, because he can say he paid them, it's not his fault the system broke.

So if WeExchange doesn't pay out, he effectively converted his frozen funds into real one.
gangplank
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
December 10, 2013, 08:32:23 AM
 #126

I think it's just to cover his ass so that when this ship sinks and people chase him, he'll be able to say he continued to pay divs via bitfunder as per the agreement and that if you have any problems, you need to take it up with them, not him.
julz
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
December 10, 2013, 11:55:56 PM
Last edit: December 11, 2013, 12:21:08 AM by julz
 #127

I think it's just to cover his ass so that when this ship sinks and people chase him, he'll be able to say he continued to pay divs via bitfunder as per the agreement and that if you have any problems, you need to take it up with them, not him.

*If* it comes to lawyering up - there are people in the same legal jurisdiction as Graet (Australia) with enough at stake and deep enough pockets to take this on.
Graeme Tee described it as a 'personal loan' - and said in effect that failure to pay would only happen as a result of bankruptcy.
Considering Graet is a director of Weexchange - there is a good case to be made that 'payment' via a system he should reasonably know is compromised/insolvent does not represent a valid resolution of those portions of the debt.
It would be sad to see lawyers involved, and I wouldn't wish bankruptcy on him - but when there are individuals owed hundreds of thousands of AUD equivalent value - I expect a failure to ultimately pay out will result in just that.

Of course - the question is whether bankruptcy has already been reached and whether there are any personal assets to even chase. Given that Bitcoin provides a pretty good way to hide assets, and the legal situation around Bitcoin and 'personal loans' via an unregulated exchange system is unclear at best - it would be a risky case.. but I know of at least one Bitcoiner who is tempted to risk 'throwing good money after bad'  - simply to help establish some legal precedence here in Australia regarding this - and send a message that BTC debts will be chased up whether due to negligence, mismanagement or fraud.

If it turns out that that negligence/mismanagement/fraud don't directly apply to Graeme Tee's actions - I still think it's a plausible outcome to have the judgement made against Graeme Tee's assets - leaving his recourse to chase his losses against the other parties involved.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
tolan77
Full Member
***
Offline Offline

Activity: 125
Merit: 100


View Profile
December 11, 2013, 03:41:50 AM
 #128

Is there an IRC channel Graet frequents? He historically hasn't replied or checked on threads/pms here much. Was considering hopping in an irc channel and priv chatting him. Haven't received a reply since his last email in October.
Djingis
Newbie
*
Offline Offline

Activity: 47
Merit: 0



View Profile
December 11, 2013, 05:39:44 PM
 #129

Is there an IRC channel Graet frequents? He historically hasn't replied or checked on threads/pms here much. Was considering hopping in an irc channel and priv chatting him. Haven't received a reply since his last email in October.

Seen him and Ukyo in the IRC channel #bitfunder , but u must be very very lucky if they answer any question ! -.-
So , they arent any official news about the Graet.Loan? He's running around / away like ukyo with our BTC ?
I'am really angry like all others in the same situation  Angry
SOSLOVE868
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
December 11, 2013, 07:45:37 PM
 #130

Is there an IRC channel Graet frequents? He historically hasn't replied or checked on threads/pms here much. Was considering hopping in an irc channel and priv chatting him. Haven't received a reply since his last email in October.

Seen him and Ukyo in the IRC channel #bitfunder , but u must be very very lucky if they answer any question ! -.-
So , they arent any official news about the Graet.Loan? He's running around / away like ukyo with our BTC ?
I'am really angry like all others in the same situation  Angry

Go for a lawyer ,I think for UKYO and Great at their ages,running isn't a proper things to do....because both of them have families, and I guess they should have other personal assets apart from BTC itself, house or car?
TurdHurdur
Full Member
***
Offline Offline

Activity: 217
Merit: 100


View Profile
December 14, 2013, 07:18:50 AM
 #131

...
Until bitfunder closes and I get all of the information I cannot pay direct to peoples private addresses.

Looking at options to manage graet.loan after bitfunder closes

I have stated earlier in this thread that the goal was to have most of graet.loan repaid by mid 2014 this is still my goal - the changes at bitfunder hurt me too and i'm waiting to be repaid btc from several sources too - not a nice time.

I plan to stick around and honor my commitments
thanks for patience and understanding in these trying times
Graet
Now that bitfunder is closed, can you start sending the dividends to the private addresses?
ru0chen
Newbie
*
Offline Offline

Activity: 39
Merit: 0


View Profile
December 14, 2013, 09:19:17 AM
 #132

where is my dividends now?
thy
Hero Member
*****
Offline Offline

Activity: 685
Merit: 500


View Profile
December 15, 2013, 02:40:35 PM
 #133

So what's the latest updates on this loan from Graet now ?

Bananery
Member
**
Offline Offline

Activity: 108
Merit: 10


View Profile
December 15, 2013, 07:35:01 PM
 #134

So what's the latest updates on this loan from Graet now ?

No updates. Looking at past and how rarely he gives updates, it will probably take another month for him to start paying dividends directly and give us an update.
thecoinjournal
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500



View Profile WWW
December 23, 2013, 07:43:46 AM
 #135

Any updates?

gangplank
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
December 24, 2013, 09:39:24 PM
 #136

He has not logged in for almost a month. It's obvious your money is of little concern to him (now that he has it).
Evolyn
Sr. Member
****
Offline Offline

Activity: 315
Merit: 251


Can you say... nighty-night?


View Profile
December 24, 2013, 10:03:48 PM
 #137

Honestly, i'm getting very bored about this kind of communication. Even fucking BFL is doing a better job, at least they tell every two weaks they'll ship in two weeks. Just disappearing is the most annoying thing someone can do. Usually i'm very patient but even my patience has a deadline.

BTC: 16hmEL5XqCUjGaxdjfxbe2aJHZvjCFBhT6 BM: BM-2cT7fYc9XC59ehXviWNMXcCuVZNe5RweRP
Forex meets Bitcoin Exchange: Release the Kraken
Keven
Sr. Member
****
Offline Offline

Activity: 285
Merit: 250



View Profile
December 25, 2013, 12:35:51 AM
 #138

Honestly, i'm getting very bored about this kind of communication. Even fucking BFL is doing a better job, at least they tell every two weaks they'll ship in two weeks. Just disappearing is the most annoying thing someone can do. Usually i'm very patient but even my patience has a deadline.
+1

I love invest.
+EV all the time.
我的私人投资基金:https://bitcointalk.org/index.php?topic=286866.0
ru0chen
Newbie
*
Offline Offline

Activity: 39
Merit: 0


View Profile
December 27, 2013, 03:20:38 AM
 #139

any updates?
BitHub
Sr. Member
****
Offline Offline

Activity: 253
Merit: 250


View Profile
December 27, 2013, 03:22:57 AM
 #140

i'm talking to him in #bitcoin-aus room. Asking/pleading with him to give an update. Hope he does. I'm worried for him.
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!