[BTC-TC] Deprived Mining Speculation (DMS)

[thy]

usagi last login 10th december.
Deprived has eloped with Usagi and funds

Deprived
creativex
Usagi
John K.

So many prominent members of this forum have gone missing.

There's no obvious link between them IMHO

Usagi was having trouble around the time when the btc stock exchanges closed back in oct-nov with his loan on btcjam and was behind, but it looks like he have been working hard on sorting things since then and has been paying off the loan at btcjam bit by bit and have now paid the whole loan off.

[BitThink]

now CipherTrade open beta has been launched. Should we feel better or worse?

[shmoula]

At last, it is with great pleasure, and a huge sigh of relief, I can announce that the beta platform is available for all to test....

Before I give you the url, I must point out a few things :-
The chat box is not functional at present
There are no t&c's in place
The coins etc are all on testnet
The securities are dummy testing ones
With all that said please head over to :-

https://beta.ciphertrade.com

And make an account...have a play, and post any issues, concerns etc to the forum link at the top.

Regards
Giles (aka evilscoop)

[Danglebee]

when we worry ?
i worry now

[stripykitteh]

now CipherTrade open beta has been launched. Should we feel better or worse?

Well, I wasn't expecting Deprived to reappear anyway, so I'm feeling slightly better, if that makes sense.

The other forum member here did not respond to my request for a name for Deprived so either they were full of it or don't see a need to help us out (I know he/she has logged in since my PM).

[matt4054]

Once the due debt on my balance sheet gets near 10 BTC (it should happen within a month or two if difficulty doesn't skyrocket), presuming that BTC exchange rate increases a bit, I would be interesting in forming a group to hire a lawyer in the UK.

I'm pretty serious about this. If something really bad happened, at least, we have chances to find out about it.

Anyone else (seriously) interested?

[ThickAsThieves]

I've had some other comms with Deprived a few months ago, but he hasn't been responsive for me either.

I'm just crossing my fingers he's simply not gonna come back til he can list on CipherTrade for real.

From my conversations with him, he didn't seem much like the type to screw people over, but that's just an impression.

[stripykitteh]

Once the due debt on my balance sheet gets near 10 BTC (it should happen within a month or two if difficulty doesn't skyrocket), presuming that BTC exchange rate increases a bit, I would be interesting in forming a group to hire a lawyer in the UK.

I'm pretty serious about this. If something really bad happened, at least, we have chances to find out about it.

Anyone else (seriously) interested?

Yes. I have over 10,000 DMS.SELLING shares.

I've PM'ed evilscoop on the litecoin forums again, asking him for a name for Deprived (last time I just asked if he knew where he was). I *think* Woodrake knows Deprived but she isn't back yet.

BTW, I am in Australia. It would be ideal if we had someone in the UK to pursue this. However, I have retained a lawyer there once before for another matter and it did work fairly well via email.

[Lohoris]

From my conversations with him, he didn't seem much like the type to screw people over, but that's just an impression.

That was my impression as well, that's why I'm still a bit puzzled.

[Rannasha]

In any case, there have been significantly better moments to take the loot and run. There's only 150 BTC liquid right now and that's in an address that hasn't been touched. The rest of the fund is in CipherMine bonds which can't be sold at the moment. While the NAV of the fund has been up well over 2000 BTC in the past, most of it being liquid BTC.

I'm currently still in the "something happened that prevented Deprived from logging on" camp rather than the "he ran with the money" camp.

[Lohoris]

In any case, there have been significantly better moments to take the loot and run. There's only 150 BTC liquid right now and that's in an address that hasn't been touched. The rest of the fund is in CipherMine bonds which can't be sold at the moment. While the NAV of the fund has been up well over 2000 BTC in the past, most of it being liquid BTC.

I'm currently still in the "something happened that prevented Deprived from logging on" camp rather than the "he ran with the money" camp.

I somewhat agree, however to be fair we must take into account also the BTC value, which now has risen quite a lot.

[matt4054]

I somewhat agree, however to be fair we must take into account also the BTC value, which now has risen quite a lot.

Last login from Deprived is about the time when BTC hit $1K for the first time... coincidence?

[odolvlobo]

I somewhat agree, however to be fair we must take into account also the BTC value, which now has risen quite a lot.

Last login from Deprived is about the time when BTC hit $1K for the first time... coincidence?

I you implying that the exchange rate dropped because Deprived has disappeared?

[usagi]

What's the link between usagi and deprived? Why we need to care about usagi?

You don't.

Back in 2011, someone necro'd the 'deprived' account in order to attack me and the fund I ran (BMF). To make a very long story short, I successfully fought off his anti-competitive bullshit and was able to get re-listed on BTC-TC after quite some months. Deprived is now another strike in the long list of trolls who called me a scammer only to turn out to be scammers themselves. Like Ian Bakewell and EskimoBob.

BMF and TU.SILVER have been making redemptions to our shareholders privately over the last few months. One of our largest recent redemptions was 45oz. of physical silver to Nam. Now that redemption/liquidation orders have died down I am looking around to re-list (on 796 or cryptostocks?) and continue running. That is because I always do my best not to screw things up. A great example is we just finished paying off a BTC-denominated loan on btcjam despite the 10-fold rise in BTC: https://btcjam.com/listings/5938 "Thanks Usagi for paying this loan back. You had some trouble with this one when a few btcstock exchanges closed down back in oct-nov, but you sorted things out and even paid off the last part of the loan early, thanks." (from: thy Jan 24, 14:10)

One thing you may be interested to know is that BMF will be buying deprived debt. In short, if you can prove/sign/guarantee your deprived debt to us, we will issue you his shares of BMF. This way you can actually sell them and get your value back. We will probably offer to buy his debt at 90 cents on the dollar. More news on that later -- but feel free to PM me, I've been answering my PMs and emails this whole time.

Beyond that I do not have any connection with the guy nor do I know what has happened to him. In a friendlier world I might try to care a bit more too, but after putting up with his garbage on these forums for over a year I am more inclined to just let it pass than make this boring post any longer than it needs to be. I am just thankful I sold out of his funds on BTC-TC before the shutdown was announced.

If you have any questions on BMF there is a recent thread on the subject marked 2014. TY.

[shmoula]

Ciphermine runs in beta, so we should wait until it's fully opened. Maybe DMS* appears there among first .

[stripykitteh]

One thing you will may be interested to know is that BMF will be buying deprived debt. In short, if you can prove/sign/guarantee your deprived debt to us, we will issue you his shares of BMF. This way you can actually sell them and get your value back. We will probably offer to buy his debt at 90 cents on the dollar. More news on that later -- but feel free to PM me, I've been answering my PMs and emails this whole time.

I'll be reading up on BMF now for sure.

[Rannasha]

One thing you will may be interested to know is that BMF will be buying deprived debt. In short, if you can prove/sign/guarantee your deprived debt to us, we will issue you his shares of BMF. This way you can actually sell them and get your value back. We will probably offer to buy his debt at 90 cents on the dollar. More news on that later -- but feel free to PM me, I've been answering my PMs and emails this whole time.

I'm not sure if someone can prove their ownership of DMS shares to an outsider (that is, not Deprived or burnside). There is the asset-holders-list that issuers have received from burnside, but unless either burnside shares this list with usagi, there's no way to verify how many shares someone has. Obviously, with this list, a signed message from the public BTC address associated with the shares is easy.

[twentyseventy]

One thing you will may be interested to know is that BMF will be buying deprived debt. In short, if you can prove/sign/guarantee your deprived debt to us, we will issue you his shares of BMF. This way you can actually sell them and get your value back. We will probably offer to buy his debt at 90 cents on the dollar. More news on that later -- but feel free to PM me, I've been answering my PMs and emails this whole time.

90 cents on the dollar?! What do you know that the rest of us don't?

[stripykitteh]

One thing you will may be interested to know is that BMF will be buying deprived debt. In short, if you can prove/sign/guarantee your deprived debt to us, we will issue you his shares of BMF. This way you can actually sell them and get your value back. We will probably offer to buy his debt at 90 cents on the dollar. More news on that later -- but feel free to PM me, I've been answering my PMs and emails this whole time.

90 cents on the dollar?! What do you know that the rest of us don't?

Yeah, I'm intrigued to say the least. If I was going to take such an offer up I'd want to see a liquid market for BMF.

[BitThink]

What's the link between usagi and deprived? Why we need to care about usagi?

You don't.

Back in 2011, someone necro'd the 'deprived' account in order to attack me and the fund I ran (BMF). To make a very long story short, I successfully fought off his anti-competitive bullshit and was able to get re-listed on BTC-TC after quite some months. Deprived is now another strike in the long list of trolls who called me a scammer only to turn out to be scammers themselves. Like Ian Bakewell and EskimoBob.

BMF and TU.SILVER have been making redemptions to our shareholders privately over the last few months. One of our largest recent redemptions was 45oz. of physical silver to Nam. Now that redemption/liquidation orders have died down I am looking around to re-list (on 796 or cryptostocks?) and continue running. That is because I always do my best not to screw things up. A great example is we just finished paying off a BTC-denominated loan on btcjam despite the 10-fold rise in BTC: https://btcjam.com/listings/5938 "Thanks Usagi for paying this loan back. You had some trouble with this one when a few btcstock exchanges closed down back in oct-nov, but you sorted things out and even paid off the last part of the loan early, thanks." (from: thy Jan 24, 14:10)

One thing you may be interested to know is that BMF will be buying deprived debt. In short, if you can prove/sign/guarantee your deprived debt to us, we will issue you his shares of BMF. This way you can actually sell them and get your value back. We will probably offer to buy his debt at 90 cents on the dollar. More news on that later -- but feel free to PM me, I've been answering my PMs and emails this whole time.

Beyond that I do not have any connection with the guy nor do I know what has happened to him. In a friendlier world I might try to care a bit more too, but after putting up with his garbage on these forums for over a year I am more inclined to just let it pass than make this boring post any longer than it needs to be. I am just thankful I sold out of his funds on BTC-TC before the shutdown was announced.

If you have any questions on BMF there is a recent thread on the subject marked 2014. TY.

What you did to your creditors were really honorable, especially in this special time when many hero members disappear.