[BTC-TC] Deprived Mining Speculation (DMS)

[BitThink]

I asked woodrake - Deprived is not replying to her.

Maybe we should seek somebody who knows Deprived's identity (burnside?) to try to contact Deprived. I hope he is ok.

I've already asked burnside; he doesn't know him. He suggested asking woodrake, but she obviously hasn't heard anything from him.

How about badbear? Deprived is in his trust list, so he may know Deprived in person.
EDIT: have PMed him and will update once he replies.
EDIT: Badbear replied that he does not know Deprived and can do nothing to help.

[BitThink]

Current NAV: 419.518 BTC, among them 150.796 is in the public address 1CzJY7pVkCqDjUtycHzFgeTTbbWokqYuXo and the other 268.722 is in CipherMine.B1 (and 0.81393600 maybe in a dividend address unknown to us).

As an contingency plan, shall we contact Kate to freeze the shares and hold on the dividend for now (or create a public address and send dividend there) and ask Burnside to keep a copy of share list (or make it public?).

EDIT: have sent PMs to Kate and Burnside. Will update once they reply.

I completely trust Deprived. This plan is just in case something really terrible happened on Deprived and the 150 BTC may stay there forever. Let's all wish that will not happen.

[stripykitteh]

Current NAV: 419.518 BTC, among them 150.796 is in the public address 1CzJY7pVkCqDjUtycHzFgeTTbbWokqYuXo and the other 268.722 is in CipherMine.B1 (and 0.81393600 maybe in a dividend address unknown to us).

As an contingency plan, shall we contact Kate to freeze the shares and hold on the dividend for now (or create a public address and send dividend there) and ask Burnside to keep a copy of share list (or make it public?).

EDIT: have sent PMs to Kate and Burnside. Will update once they reply.

I completely trust Deprived. This plan is just in case something really terrible happened on Deprived and the 150 BTC may stay there forever. Let's all wish that will not happen.

Yes, I trust Deprived as well.

Good idea about CIPHERMINE.B1. Seeing as the funds in the public wallet are out of reach while Deprived is incommunicado, there's really no prospect of DMS paying dividends for MINING or SELLING for now.

When CIPHERMINE.B1 relists, if Deprived is still incommunicado, we'll have to work out what to do next. The bonds can be cashed in at face value with 3 months notice (forgoing dividends), or sold on the market when there is one, but without Deprived available it's a little murky how to legally proceed, treating all shareholders fairly.

We're pretty much in Kate's hands at the moment; hopefully when she has the time (she's just gone to Berlin, I think) she can locate Deprived. Or even better, he reappears!

[bittop100]

....................................

[Deprived]

I'm back.

Sorry for the lack of communication recently - I only intended to be away for a few days but it ended up being a fortnight.  As I hadn't intended to be away long I didn't have my laptop etc with me (and 3G coverage was terrible for the android).

Got a bunch of things to catch up on (including DMS) - will make a longer post later tonight or tomorrow.  Here's the main points:

All funds remain intact and untouched (the BTC address holding the main funds was listed earlier in the thread and hasn't changed)

No dividends will be paid yet for a few reasons:

DMS.SELLING can't have dividends paid until Ciphermine.B1 is liquid - at present those have an effective value well below face value.
I have a few mails from people whose BTC addresses were inputs.io addresses.  If I want to pay dividends direct then those would need to be fixed first (haven't even read up on the news yet but one of my mails says TF was either hacked or pretending to be hacked and stole the funds).
Some people haven't got BTC addresses listed from BTC-TC (only a few).  As soon as I make a dividend payment to some but not all investors it makes it a nightmare to relist - as the shares are no longer fungible until all have received same dividends.

I've skimmed though my emails (which includes copies of all PMs to this board) and will now start answering the ones that need a speedy response.

[stripykitteh]

Hooray!

[Ashitank]

I'm back.

Sorry for the lack of communication recently - I only intended to be away for a few days but it ended up being a fortnight.  As I hadn't intended to be away long I didn't have my laptop etc with me (and 3G coverage was terrible for the android).

Got a bunch of things to catch up on (including DMS) - will make a longer post later tonight or tomorrow.  Here's the main points:

All funds remain intact and untouched (the BTC address holding the main funds was listed earlier in the thread and hasn't changed)

No dividends will be paid yet for a few reasons:

DMS.SELLING can't have dividends paid until Ciphermine.B1 is liquid - at present those have an effective value well below face value.
I have a few mails from people whose BTC addresses were inputs.io addresses.  If I want to pay dividends direct then those would need to be fixed first (haven't even read up on the news yet but one of my mails says TF was either hacked or pretending to be hacked and stole the funds).
Some people haven't got BTC addresses listed from BTC-TC (only a few).  As soon as I make a dividend payment to some but not all investors it makes it a nightmare to relist - as the shares are no longer fungible until all have received same dividends.

I've skimmed though my emails (which includes copies of all PMs to this board) and will now start answering the ones that need a speedy response.

I knew you would be back 

[HowlingMad]

Hooray!

+ 1

[Rannasha]

Damnit, I had just written an entire post on how we could potentially proceed as shareholders.

Welcome back anyway

[Progressive]

Hooray! Deprived, please give us a notice that you will be offline in the future ;-)

[BitThink]

Great! Thank god.

[tekke]

Excelent!!!

[inspiredinvestor]

Hooray!

+ 1

+2

[inspiredinvestor]

we really have to get used to the idea people take holidays... for a moment there I thought maybe you were on the honeymoon with Woodrake 

[stripykitteh]

I thought maybe you were on the honeymoon with Woodrake 

Me too.

Well holidays are fine as long as it's known.
There's been a lot of disappearances lately.

Me three

One thing I hope Deprived addresses is situations where he is unable to operate his security either temporarily or indefinitely. DMS.MINING (which I don't hold) should have been getting daily divs since the 3rd, so I can imagine those holders are a little pissed off.

A trusted lieutenant of some sort?

[HowlingMad]

Stripy,
There is also something known as a 'dead mans' switch.  A number of assets had this information published.  I think Deprived needs to set something up in case something unfortunate happens.

[limit2718]

I knew you would be back 

[HowlingMad]

Deprived,
Woodrake (Kate) is currently looking for .0044 BTC for CIPHERMINE, albeit from her personal holdings.  Just to give you an idea of valuation.

[Rannasha]

Deprived,
Woodrake (Kate) is currently looking for .0044 BTC for CIPHERMINE, albeit from her personal holdings.  Just to give you an idea of valuation.

That's for shares in the CIPHERMINE company. DMS holds bonds issued by that company, which have a fixed face value and shouldn't be valued significantly different from it unless there's a high probability of the company defaulting on the loan.

[HowlingMad]

That's for shares in the CIPHERMINE company. DMS holds bonds issued by that company, which have a fixed face value and shouldn't be valued significantly different from it unless there's a high probability of the company defaulting on the loan.

I was wondering what the story was.  The bonds I thought were valued at .01BTC.   Thanks for the clarification.

I am wondering if that is a good price for shares?  Does anyone know what shares were before the lunacy?