Smoothie's attacks the Litecoin Foundation.

[smoothie]

LOL @ "THE LITECOIN FOUNDATION"

I asked some basic but fundamental questions about "The Litecoin Foundation" over TWO AND A HALF MONTHS AGO.

Goat has not answered and continues to ignore these questions. This only further reinforces the appearance that "The Litecoin Foundation" is nothing more than a scam designed to trick unsuspecting users into paying for physical Litecoins under the guise of a "foundation" that is really a for-profit business and not a "foundation" at all.

Instead he comes to the Bitcoin forums to cry like a baby because he doesn't like some posts Smoothie made whining that his reputation has been damaged. The "funny" part is that goat does far more damage to his own reputation than anyone else does by acting like some sort of scam-artist and then passing up opportunities to tell his side of the story and clear the air.

+1 and hence here we are.

Oh and @ Goat, I wouldn't ever give you the ability to whine and cry because I "scammed" you. I would never hear the end of it from you.

Being the bigger person, I don't need to scam anyone nor do I need to take other people's funds and send them off to another semi-anonymous user for "interest" on the deposit.

Chuck is right, all I did was compile your track record in a thread and because the truth hurts you continue to hold on to that as if I actually scammed you when you should be that much more emotional and whiney toward say Pirateat40 or Bitcoinica.

Misdirected emotions it seems. 

And yet you still have not addressed the honest questions of the community about "The Litecoin Foundation". Keep in mind these are not my questions/opinions, I merely linked you to people who actually have valid and legitimate questions regarding your Foundation.

[1713581006]

1713581006

[Chuck Finley]

So I see that goat is very active in this thread when he wants to whine and attack people but as soon as the actual questions show up he is once again nowhere to be found. It's not that he hasn't been on the site either, his forum profile easily gives that away, he's just ignoring this thread. So what's the deal goat, why the sudden lack of interest in this thread?

Care to answer any of the questions posed? In what jurisdiction is the "Litecoin Foundation" registered?  Is it incorporated as a non-profit?

[Raoul Duke]

So I see that goat is very active in this thread when he wants to whine and attack people but as soon as the actual questions show up he is once again nowhere to be found. It's not that he hasn't been on the site either, his forum profile easily gives that away, he's just ignoring this thread. So what's the deal goat, why the sudden lack of interest in this thread?

Care to answer any of the questions posed? In what jurisdiction is the "Litecoin Foundation" registered?  Is it incorporated as a non-profit?

Goat is a whiny bitch.

Goat, where the fuck is The Litecoin Foundation registered? Mind answering us? Or should I start a thread about The Litecoin Foundation calling you a scammer?

[Raoul Duke]

So I see that goat is very active in this thread when he wants to whine and attack people but as soon as the actual questions show up he is once again nowhere to be found. It's not that he hasn't been on the site either, his forum profile easily gives that away, he's just ignoring this thread. So what's the deal goat, why the sudden lack of interest in this thread?

Care to answer any of the questions posed? In what jurisdiction is the "Litecoin Foundation" registered?  Is it incorporated as a non-profit?

Goat is a whiny bitch.

Goat, where the fuck is The Litecoin Foundation registered? Mind answering us? Or should I start a thread about The Litecoin Foundation calling you a scammer?

Start a thread dude.

Answers: 0...
Scammer? Yes!

[jasinlee]

 In what jurisdiction is the "Litecoin Foundation" registered?  Is it incorporated as a non-profit?

[Raoul Duke]

In what jurisdiction is the "Litecoin Foundation" registered?  Is it incorporated as a non-profit?

I suspect he's also not answering your questions...  Goat only asks, never answers.

[jasinlee]

Anyone else want to ask the same question, maybe one of us are not on his "do not talk to" list.

[CustomChickenDelivery]

Goat, you sound like a reasonable person, and I can understand

how it sucks when it feels like everyone is on your case.

I would respectfully like to ask if the LiteCoin Foundation is a registered non-profit,

my reason being that if I donate then I can take it off on my taxes. Thank you.

[Scott J]

Goat, you sound like a reasonable person, and I can understand

how it sucks when it feels like everyone is on your case.

I would respectfully like to ask if the LiteCoin Foundation is a registered non-profit,

my reason being that if I donate then I can take it off on my taxes. Thank you.

^ This.

[jasinlee]

So thats a no, for profit got it.

[Scott J]

Goat, you sound like a reasonable person, and I can understand

how it sucks when it feels like everyone is on your case.

I would respectfully like to ask if the LiteCoin Foundation is a registered non-profit,

my reason being that if I donate then I can take it off on my taxes. Thank you.

^ This.

Well what i can tell you is that you will not be able to donate unless you are a member. If you become a member you can know everything. We have not accepted a new member in about a year and are not looking at this time. The way this is set up it is very hard for us to add people. We also have pretty high demands on members.

Why should the community trust such a secretive club to not just act in its own interest?

What gives it any legitimacy?

[Raoul Duke]

...secretive club...

I'm pretty sure the only member of that secretive club is a goat.

[jasinlee]

...secretive club...

I'm pretty sure the only member of that secretive club is a goat. clueless morgan

Ftfy

[smoothie]

http://en.wikipedia.org/wiki/Foundation_(nonprofit)

One of the characteristics of the legal entities existing under the status of "Foundations", is a wide diversity of structures and purposes. Nevertheless, there are some common structural elements that are the first observed under legal scrutiny or classification.


Chart of a foundation
Legal requirements followed for establishment
Purpose of the foundation
Economic activity
Supervision and management provisions
Accountability and Auditing provisions
Provisions for the amendment of the statutes or articles of incorporation
Provisions for the dissolution of the entity
Tax status of corporate and private donors
Tax status of the foundation
Some of the above must be, in most jurisdictions, expressed in the document of establishment. Others may be provided by the supervising authority at each particular jurisdiction

If "The Litecoin Foundation" is a private foundation (sounds like it so far) Then the following applies in the U.S:

Private foundations typically have a single major source of funding (usually gifts from one family or corporation rather than funding from many sources) and most have as their primary activity the making of grants to other charitable organizations and to individuals, rather than the direct operation of charitable programs. When a person or a corporation founds a private foundation frequently family members of that person or agents of the corporation are members of the governing board. This limits public scrutiny over the private foundation, which entails unfavorable treatment compared to community foundations.
The differing treatment of private foundations compared to public charities including community foundations is as follows: (a) foundation must pay out 5% of its assets each year while a public charity does not; (b) donors to a public charity receive greater tax benefits than donors to a foundation; (c) a public charity must collect at least 10% of its annual expenses from the public in order to remain tax-exempt while a foundation does not.

Other countries have their own laws on this of course. But in all fairness the term "Foundation" being used the way it has been without any legitimacy to the legal filings etc can be misleading.

[smoothie]

So I see that goat is very active in this thread when he wants to whine and attack people but as soon as the actual questions show up he is once again nowhere to be found. It's not that he hasn't been on the site either, his forum profile easily gives that away, he's just ignoring this thread. So what's the deal goat, why the sudden lack of interest in this thread?

Care to answer any of the questions posed? In what jurisdiction is the "Litecoin Foundation" registered?  Is it incorporated as a non-profit?

This ^

[smoothie]

Goat, you sound like a reasonable person, and I can understand

how it sucks when it feels like everyone is on your case.

I would respectfully like to ask if the LiteCoin Foundation is a registered non-profit,

my reason being that if I donate then I can take it off on my taxes. Thank you.

^ This.

Well what i can tell you is that you will not be able to donate unless you are a member. If you become a member you can know everything. We have not accepted a new member in about a year and are not looking at this time. The way this is set up it is very hard for us to add people. We also have pretty high demands on members.

Why should the community trust such a secretive club to not just act in its own interest?

What gives it any legitimacy?

You should not at all trust it. We have no legitimacy in the community. You should treat us like any other random ltc supporter.

Which then implies your entity using the word "Foundation" with no actual factual documents or filings as a Foundation (non-profit as you claim) is indeed not a legitimate Foundation, thus misleading.

[Raoul Duke]

Goat, you sound like a reasonable person, and I can understand

how it sucks when it feels like everyone is on your case.

I would respectfully like to ask if the LiteCoin Foundation is a registered non-profit,

my reason being that if I donate then I can take it off on my taxes. Thank you.

^ This.

Well what i can tell you is that you will not be able to donate unless you are a member. If you become a member you can know everything. We have not accepted a new member in about a year and are not looking at this time. The way this is set up it is very hard for us to add people. We also have pretty high demands on members.

Why should the community trust such a secretive club to not just act in its own interest?

What gives it any legitimacy?

You should not at all trust it. We have no legitimacy in the community. You should treat us like any other random ltc supporter.

In the community? What a goof! You have no legitimacy, PERIOD!

[Mushroomized]

lol has goat even answered yet 

[OgNasty]

You should not at all trust it. We have no legitimacy.

/thread

[smoothie]

You should not at all trust it. We have no legitimacy.

/thread

If OgNasty can understand it then come on Psy and Smoothie. No reason you can't either!

What are we exactly supposed to understand?

That the name of the organization you supposedly operate under, "The Litecoin Foundation", implies non-profit yet you have not addressed community concerns of your legitimacy as a non-profit organization?

Why have you not answered simple questions about your non-profit organization?