[BTC-TC] Deprived Mining Speculation (DMS)

[stripykitteh]

Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.

Not at all. I am proposing a new manager for DMS. This could only be done if it is proved Deprived is dead or legally incompetent to continue. It would not be illegal. We could sue his estate if it refuses to deal with us as we have a contract with him as asset holders. Would it be a lot of work? Possibly. Is there an alternative? I can't think of one.

That is why it is important to find Deprived, or find out what happened to him. Nothing will change until that is done.

[BitThink]

Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.

Not at all. I am proposing a new manager for DMS. This could only be done if it is proved Deprived is dead or legally incompetent to continue. It would not be illegal. We could sue his estate if it refuses to deal with us as we have a contract with him as asset holders. Would it be a lot of work? Possibly. Is there an alternative? I can't think of one.

That is why it is important to find Deprived, or find out what happened to him. Nothing will change until that is done.

The DMS funds are owned by Deprived, not just managed by Deprived, so we investors are only the creditors of Deprived's personal debt, and don't own the funds and cannot change the manager at all. Yes, we have right to ask Deprived to pay the debts unless he is declared bankruptcy, and Deprived has to pay the debts with all his personal belongs since he runs the fund as a person, not a limited cooperation.

Anyway, I agree with you that the most important thing is to find him or at least find out what happened on him. Currently, the only person who know Deprived's identity is Kate. Do we know if there's any one else?

[junkonator]

Does something like a gag order exist in UK?

Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.

Not at all. I am proposing a new manager for DMS. This could only be done if it is proved Deprived is dead or legally incompetent to continue. It would not be illegal. We could sue his estate if it refuses to deal with us as we have a contract with him as asset holders. Would it be a lot of work? Possibly. Is there an alternative? I can't think of one.

That is why it is important to find Deprived, or find out what happened to him. Nothing will change until that is done.

[NineLives]

Hi Guys,

I'm in the UK.  Does anyone need me to do some investigating?

[stripykitteh]

Hi Guys,

I'm in the UK.  Does anyone need me to do some investigating?

What do you propose? Are you a DMS.* asset owner?

[inspiredinvestor]

Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.

Not at all. I am proposing a new manager for DMS. This could only be done if it is proved Deprived is dead or legally incompetent to continue. It would not be illegal. We could sue his estate if it refuses to deal with us as we have a contract with him as asset holders. Would it be a lot of work? Possibly. Is there an alternative? I can't think of one.

That is why it is important to find Deprived, or find out what happened to him. Nothing will change until that is done.

Now is there any point Deprived providing a update till the CM Bonds shares are sold, aren't we waiting on the ability to sell the shares (Ciphertrade)? I don't think he has anything to tell us beyond that for now? Isn't he planning to pay the mining and purchase dividends then too?

What am i missing?

[matt4054]

What am i missing?

I am missing more than 10 BTC in DMS.MINING dividends. I could buy terra hashes of mining hardware with them now. And there is absolutely no excuse for the breach of communication. BTCT trading has halted but this forum and topic has never been down. Deprived didn't even bother to log in for almost two months now.

PS: I have sent several PMs and an "official style" e-mail to the asset issuer address, a long time ago now, without any answer.

Oh, and I'm close to leaving negative trust now, but DefaultTrust, and the fact that he might just as well never return, make it pointless anyway.

All I'm asking is that the contracts are fulfilled as due. Nothing more, nothing less.

[NineLives]

Hi Guys,

I'm in the UK.  Does anyone need me to do some investigating?

What do you propose? Are you a DMS.* asset owner?

Yes, not allot but yes.

[stripykitteh]

Hi Guys,

I'm in the UK.  Does anyone need me to do some investigating?

What do you propose? Are you a DMS.* asset owner?

Yes, not allot but yes.

Cool. I have just PM'ed a user on this forum who claimed back in November that he had an email address and real name for Deprived. If he comes through with something that will give you a good head start.

Once we have a real name working out a last-known address should be fairly straightforward. Hopefully it's somewhere not too far from you.

I know that he might magically resurface when CM.B1 is liquid and all will be well, but I don't think that an almost 2-month absence with no warning holding several hundred BTC worth of assets merits no cause for concern. It's not in keeping with how he operated DMS.* or LTC-ATF before his disappearances, either. He's far too argumentative and opinionated to be quiet for so long.

[BitThink]

Hi Guys,

I'm in the UK.  Does anyone need me to do some investigating?

What do you propose? Are you a DMS.* asset owner?

Yes, not allot but yes.

Cool. I have just PM'ed a user on this forum who claimed back in November that he had an email address and real name for Deprived. If he comes through with something that will give you a good head start.

Once we have a real name working out a last-known address should be fairly straightforward. Hopefully it's somewhere not too far from you.

I know that he might magically resurface when CM.B1 is liquid and all will be well, but I don't think that an almost 2-month absence with no warning holding several hundred BTC worth of assets merits no cause for concern. It's not in keeping with how he operated DMS.* or LTC-ATF before his disappearances, either. He's far too argumentative and opinionated to be quiet for so long.

Agree.

Just one thing, it's not just quite but no login at all, on both bitcointalk and litecointalk. We would be much less worried if he logged in periodically and kept quiet.

[Lohoris]

We would be much less worried if he logged in periodically and kept quiet.

Obviously wrong.
People would still ask "why does he login and don't even bother to say what's going on?".

[BitThink]

We would be much less worried if he logged in periodically and kept quiet.

Obviously wrong.
People would still ask "why does he login and don't even bother to say what's going on?".

No, to me Deprived is either dead, seriously injured, in prison, or hide somewhere for some reasons. There's no reason to think he's a scammer. It's just 150 BTC and he had much more before. Therefore, if there's some login record to prove he's still alive, I may feel angry but not worried.

[Lohoris]

We would be much less worried if he logged in periodically and kept quiet.

Obviously wrong.
People would still ask "why does he login and don't even bother to say what's going on?".

No, to me Deprived is either dead, seriously injured, in prison, or hide somewhere for some reasons. There's no reason to think he's a scammer. It's just 150 BTC and he had much more before. Therefore, if there's some login record to prove he's still alive, I may feel angry but not worried.

But:
1. just logging in doesn't prove he's alive and well
2. you would still ask why, if he's able to log, he doesn't bother to post

My personal bet is on "the lawyer told him to just run, and he did", i.e. he likely wasn't ill intended, but he might have been partially forced to pretend all of this didn't exist.
That's just a wild guess, of course.

[Rannasha]

My personal bet is on "the lawyer told him to just run, and he did", i.e. he likely wasn't ill intended, but he might have been partially forced to pretend all of this didn't exist.
That's just a wild guess, of course.

I would be surprised if his absence is for legal reasons related to DMS. Deprived is from the UK and so is the whole CipherMine operation, which has had much more public attention, yet is still running. If the UK authorities would be cracking down on virtual securities like they did in the US, I would expect they'd go after the more visible company with physical assets and presence that actually sells shares of itself rather than what is in essence a form of escrowed bet.

[BitThink]

We would be much less worried if he logged in periodically and kept quiet.

Obviously wrong.
People would still ask "why does he login and don't even bother to say what's going on?".

No, to me Deprived is either dead, seriously injured, in prison, or hide somewhere for some reasons. There's no reason to think he's a scammer. It's just 150 BTC and he had much more before. Therefore, if there's some login record to prove he's still alive, I may feel angry but not worried.

But:
1. just logging in doesn't prove he's alive and well
2. you would still ask why, if he's able to log, he doesn't bother to post

My personal bet is on "the lawyer told him to just run, and he did", i.e. he likely wasn't ill intended, but he might have been partially forced to pretend all of this didn't exist.
That's just a wild guess, of course.

Run silently will only make the situation much worse, so I don't think any lawyer will make that suggestion. For example, burnside tried his best to return all BTC back, even the dust left. Any complain will make he in a worse situation. Running a virtual fund is grey, run with money is definitely black and will trigger witch hunting.

If he really want to pretend nothing happened, he could silently distribute the BTC left and hand over the fund to Ciphermine, that's much better.

[Lohoris]

Running a virtual fund is grey, run with money is definitely black and will trigger witch hunting.

If he really want to pretend nothing happened, he could silently distribute the BTC left and hand over the fund to Ciphermine, that's much better.

Well, this makes sense.
Though I still can't imagine what's keeping him, then. Didn't he have a dead man's switch?

[BitThink]

Running a virtual fund is grey, run with money is definitely black and will trigger witch hunting.

If he really want to pretend nothing happened, he could silently distribute the BTC left and hand over the fund to Ciphermine, that's much better.

Well, this makes sense.
Though I still can't imagine what's keeping him, then. Didn't he have a dead man's switch?

I am afraid not. I believe only he has the private key of that public address.

The most weird thing, in my opinion, is this just happened couple of days after his first disappearance, which had already caused a lot of worries.

[Progressive]

I'm holding 10,000+ DMS.SELLING shares, so if anyone would be interested in getting together for some action I'm all ears.
I think we should wait a little bit longer with potential legal action for the CipherTrade/woodrake situation to resolve.

[BitThink]

CipherTrade open beta is launching soon.
https://litecointalk.org/index.php?topic=7176.msg104592#msg104592

[matt4054]

For those interested in keeping track of their missing MINING dividends, you can make a copy of my Google spreadsheet

If anyone is interested in buying his debt... let me know I could use the BTC to mine (for real)

And it's a conservative est. because I simplified calculations assuming diff change at midnight the day of the change