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Author Topic: Closed  (Read 9738 times)
revilo
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August 29, 2013, 09:10:43 PM
 #101

For starters maco you are probably one of the most oblivious people on the face of the Earth right now - assuming you don't live on the moon. A fact that would not surprise me.


A) I lost on my own investment... you think I made it out with no scratches?  I lost big time on this investment maybe a few snapshots of my TOTAL costs would be enough to put an end to this madness, but I can understand why you would take the route you are talking about because you expected to earn more, and surely, my personal results and estimates did not make it through.

Well boo who for you. It doesn't change the fact that you lied, bold-faced to everyone who you took money from. You don't even consider yourself in debt right now. Anyone with an OUNCE of credibility would see how disastrous this venture was and feel indebted to the people who put faith in them. You aren't an entrepreneur. You're a leech who lies and deceives and relies on the productivity of other people to fund your lifestyle.

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An estimate is simply an estimate, and I have stated enough information all over this thread and my site, in order for you to make your own estimate and educated guesses. We faced a challenge of the new host, and I made the executive decision to go with Amazon EC2 (pricey servers) because no host would allow us to deploy the amount we were doing.

No. You don't get it you baffoon. You don't advertise a rate and then tell people to do their own math to cover your ass. If that's your strategy you advertise what you can deliver (THAT MEANS HASH RATE). Then we do our own math predicting best case / worst case. You gave a projection you listed your best case and worst case. You. Failed. To. Deliver.

That's not our fault.

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I didn't say you would go home rich after this. I simply stated this is something I want to try, and if you give it a try with me, then lets see what happens. I didn't over hype and I didn't try to under sell... Challenges happen in every business... I have been mining primecoin since release... and its been a bumpy ride for everyone. Even if I had the best optimizations, there was a lot of things working against this plan, timing, exchange prices, difficulty rate, and new HP10 release (which dropped earnings daily)

This isn't a business. This was you finding out you don't have a clue how to deploy and manage virtual servers. A trivial task for high school students and you failed. If has nothing to do with going home rich. No one who gave you money thought "Oh wow I'll give him .5 BTC and be a millionaire." The point is you slayed the investment. You didn't just fail. You gave back less than 65% what was put in to you. That is worse than government work.

You should be ashamed of yourself.

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1) Exchange prices going down - This seriously made a negative impact because a few days prior to release of coins, the prices dropped by a lot, and perception is everything so some of you perceived it that way... I get it, at the time of exchange of receiving coins, it was not looking good as an investment.

No one cares about this. You don't control that. This is not the point. All you do is deflect. Grow a spine, take responsibility.

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2) Affordable Host was a challenge...
My own servers cost $2,000/month Rounded up (batch of 50)
That itself is $500/week all dedicated for this investment in hopes to take off... It is a first release, either it goes forward or it doesn't.
I tried host after host even after the main setup of servers, and we were getting rejected in all corners of the street, so I kept EC2 online during this problem.

And you should be paying us back out of your pocket with this investment.

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Plan A) failed because once we expanded to 130+ new servers, we were immediately asked to shut down by the new host providers.

That's your fault. Not ours.

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I'll post this again if you missed it:
"It has come to our attention that all of your servers are using around 800% CPU usage. This is negatively impacting the host. We must ask that you please take appropriate steps to reduce your CPU usage, and update this ticket with the steps you have taken." - server host.

I'll say it again, because you are clearly missing it:
That's your fault. Not ours.

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Plan B) Go to EC2 until we find an affordable rate elsewhere. I have tried Google Compute, but it doesn't match up in Spot Instance pricing; however, Amazon charges $0.5*/hour estimated for c1 large (non spot instance)... I had to run these for stability in the up rising of the block chains. Spot Instances Problem? and why even if I did deploy many of these, it would get cut off, and cause desync issues... Why would we desync? Because spot instances shut down normally after a few hours since someone beats us in price. This has happened on so many occasions but I put up with it. I would say testing daily has been my experience to know I have desynced a few times with Amazon EC2, and having servers go on and off isn't going to help us in mining, so I streamlined them accordingly from both: Non Spot Instance and Spot Instance of C1.Large

Not only did you pull the rug out from under your investors but you changed how you said you were spending the money. That's fraud asshole. As soon as you had a problem you needed to offer investors back their money.

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Look, I understand you may be frustrated because I am EXTREMELY frustrated that I lost in coins that I was mining myself, which added to this plan as a private pool, only to find out the goal I set was not achieved, and lose of future investments, and not looking good for the community.

Oh boo fucking who for you again. You lost coins. Oh no let's comiserate. You didn't set a goal. You had a fantasy and you concealed that fact from the people who gave you money. You lied to let other people fund your daydream and it fell flat on it's face and it fell hard.

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Do you think I wanted all of this to happen? Heck no. I have given 100% back to the community... I am closing this offer completely off moving forward until I can figure out an affordable solution and a way to get better results or maybe this will never move forward.

No I think you live in a fantasy world and you get other people to fund it. I think you're more upset that you lost your gravy train.

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Why was it a fixed integer?
Easy.. because why should I give you .5 XPM less per share if you owned more than that? I was the captain of the ship, and if I could do more, I would... and this is a negative to people? Really? come on.. give me a break, I rounded up on purpose. In addition to all that, I have been spending money for these 2 additional days of paying for EC2 Instances, which is a total loss for me, putting me past the budget. Instead of being more supportive and providing solution to the service and ideas to fix problems, all I heard was things that did not solve anything. I provided a solution, people listened, and some didn't.. but we never went anywhere in the right direction. I offered you to jump in with your idea, and not an idea was presented, so I went with PLAN B) Amazon EC2 as you know it was costly -- I said okay, I will take on the risk factor to spend more to deliver, that is fine. Off course I mined them, I posted them here: https://bitcointalk.org/index.php?topic=276454.msg3002447#msg3002447

Give you a break? You can seriously look someone in the eye who gave you money and trusted you and then AFTER YOU FAIL TO DELIVER tell us to give you a break? Eat Shit.

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Go ahead... say what you want. I did what I can, It didn't work out... and I still delivered coins on Sunday, right? I showed you screenshots... and today was the final 2 days of FREE mining on the house, as I stated, and this will be delivered soon.

A lobotomized circus chimpanzee could have flung it's poo at a poster board and made better choices than what you made. Your best is not good enough.  Live with that.

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There is a couple people I am missing to send transaction/XPM to because they sent me BTC address not XPM. I have sent you an emails, please respond via pm or email.

Why you would even more forward without making sure that was secure is beyond comprehension and further self-damning evidence that you are too inept to be trusted with anyone's money. Ever.

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I haven't even made up the 2 days free yet and you guys decided to say what you said without evaluating the entire service yet... that is uncalled for in all grounds, I didn't even finish my job, the same thing happened on the announcement on Tuesday, when I was letting you know we are extending dividend payouts from Wednesday instead of Sunday. This was very impulsive and uncalled for right off the bat. I took it as constructive criticism and I went ahead with Plan B) Amazon EC2

Yes. Please lecture us more about how unkind and unfair we are to you. You are the captain, just like you said, you ran the ship in to an iceberg under your direction and now you are lecturing the people who paid for your ship and your crew and your supplies because it's somehow our fault you crashed the ship. You are such a filthy dickhead.

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Conclusion, maybe I was not the right guy for it... or maybe I was... it is clearly your opinion.

You aren't even the right guy to butter toast. I'm surprised you figured out how to breath.
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Thanks again for all your support in this venture.

die in a fire.

lol

If the market price of XPM had unexpectedly shot up and the difficulty had dropped slightly then we'd all have made some nice profit. But it didn't, because it was a risk that people decided to take. Don't worry about it mate. Chill out, have a herb tea and a sit down or something!
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balanghai
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August 30, 2013, 01:52:42 AM
 #102

and now the coin's price is dropping drastically. oh no. Roll Eyes

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August 30, 2013, 02:55:51 AM
 #103

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You guys invested with him, without the proper information to back up his claims. Shame on you. Don't blame him because you didn't do your due diligence and verify what he was telling you.

Wrong.  This is Blaming the Victim.  It's reasonable for the subscribers to expect that maco knows more about mining XPM than they do, else nothing about this venture makes any sense.

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There is not a business venture ever where the person starting it isn't basing his numbers on best case situation. Look at any business venture on the stock market, if you doubt what I'm saying. And people who invest in those and lose, definitely lose more than $50.

Wrong.  Much of the investment world runs on worst-case scenarios.  Here maco gave a wide range of estimates, 8 to 16 XPM per day per share.  People are not complaining because they didn't get 16 XPM per day.  They're complaining because they didn't get anywhere near 8 XPM per day, the low end of the estimate.

You're confusing dollar amounts with percentages.  People aren't complaining because they lost part of $50.  They're complaining because they lost 50% in one week.  That's a spectacularly bad investment.  Yeah, it's possible to do that badly in the stock market, but you'd really have to work at it.  You couldn't do it by throwing darts at the stock pages, you'd have to find a really bad stock and buy it at exactly the wrong time.  (Anyway, if I knew how to find a stock that bad, I'd sell it short.)
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August 30, 2013, 02:08:41 PM
 #104

Oleander has got it.

This isn't about the investment this is about the blatant lying/mismanagement then having it thrown back in our faces.

He externalized all of his risk and misled everyone about how much risk their was. He is either extremely stupid or extremely insidious. Either way he is unfit and I can't understand why he is being defended.

This person has literally destroyed value.
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