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SlyWax
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November 26, 2013, 03:27:30 AM |
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http://www.asic.gov.au/asic/asic.nsf/byheadline/Insider+trading+and+market+manipulation+-+a+speech+by+the+ASIC+Chairman?openDocumentfrom the pdf : "Currently, an individual who engages in insider trading in Australia and is found guilty of a criminal offence is subject to a maximum fine of $220,000 and/or five years imprisonment. For market manipulation, the punishment is a maximum fine of $22,000 and/or five years imprisonment. A corporation found guilty of an offence for insider trading is liable for a fine of up to $1.1 million. For market manipulation, a maximum fine of $110,000 is applicable. In the civil penalty regime, for both insider trading and market manipu lation, an individual is liable for a fine of up to $200,000 and a corporation $1 million. " This was from 2010.
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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Charles999 (OP)
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November 26, 2013, 03:40:10 AM |
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If anyone can find his fucking ass. http://www.asic.gov.au/asic/asic.nsf/byheadline/Insider+trading+and+market+manipulation+-+a+speech+by+the+ASIC+Chairman?openDocumentfrom the pdf : "Currently, an individual who engages in insider trading in Australia and is found guilty of a criminal offence is subject to a maximum fine of $220,000 and/or five years imprisonment. For market manipulation, the punishment is a maximum fine of $22,000 and/or five years imprisonment. A corporation found guilty of an offence for insider trading is liable for a fine of up to $1.1 million. For market manipulation, a maximum fine of $110,000 is applicable. In the civil penalty regime, for both insider trading and market manipu lation, an individual is liable for a fine of up to $200,000 and a corporation $1 million. " This was from 2010. |
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Colaxais
Newbie
 Offline
Activity: 50
Merit: 0
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November 26, 2013, 03:52:24 AM |
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As far as I understand, the website has the capacity, but a one-man team can't keep up with all the emails etc., so whatever it was that broke today was probably just too much. He hasn't gone and stolen every coin in the exchange.
No question that how he handled it was far from good, and leaving people with the option of selling fees at a huge loss, or letting their cash sit in limbo for up to 3 months is grim to say the least. That said, he's a good dev, with a great site - there's no reasonable reason to expect him to just drop it all when it's making good money. If he needs downtime to make support manageable on a larger scale, and find the time to actually add the features he's been promising (come on, you're the same guys who'd be jumping up and down, screaming scam because he didn't deliver the new stuff), at least he's honest about it.
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Hazard
Legendary
Offline
Activity: 980
Merit: 1000
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November 26, 2013, 03:54:07 AM |
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As far as I understand, the website has the capacity, but a one-man team can't keep up with all the emails etc., so whatever it was that broke today was probably just too much. He hasn't gone and stolen every coin in the exchange. Why would he? That leaves the door open for legal action. He already made 14000 BTC from selling shares of a defunct exchange. There's no reason to steal the funds now. |
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Charles999 (OP)
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November 26, 2013, 03:54:26 AM |
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Trust me, you will not see the site come back up. He's done for and if you don't take out your money, you are stupid. Go post to his scam thread here. If it does come back up, it's only to scam you again. How you like your fee shares dropping like a rock https://bitcointalk.org/index.php?topic=347008.new#newAs far as I understand, the website has the capacity, but a one-man team can't keep up with all the emails etc., so whatever it was that broke today was probably just too much. He hasn't gone and stolen every coin in the exchange.
No question that how he handled it was far from good, and leaving people with the option of selling fees at a huge loss, or letting their cash sit in limbo for up to 3 months is grim to say the least. That said, he's a good dev, with a great site - there's no reasonable reason to expect him to just drop it all when it's making good money. If he needs downtime to make support manageable on a larger scale, and find the time to actually add the features he's been promising (come on, you're the same guys who'd be jumping up and down, screaming scam because he didn't deliver the new stuff), at least he's honest about it.
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btbrae
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November 26, 2013, 03:59:29 AM |
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You might want to post this in List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses https://bitcointalk.org/index.php?topic=83794.220With 25000 shares sold @ 0.4 BTC = 10000 BTC at the current valuation = $8.3million This makes this particular chain of events the biggest scam in Bitcoin history, (if that is what it is perceived to be, and is my opinion). |
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shakezula
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November 26, 2013, 04:01:43 AM |
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You might want to post this in List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses https://bitcointalk.org/index.php?topic=83794.220With 25000 shares sold @ 0.4 BTC = 10000 BTC at the current valuation = $8.3million This makes this particular chain of events the biggest scam in Bitcoin history, (if that is what it is perceived to be, and is my opinion). I think this is spot on. |
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Duetschpire
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November 26, 2013, 04:06:41 AM |
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I've been telling a close mate of mine to pull out since the 45k fee shares were posted... It was obvious that RS would dump the remaining 17k down to < 0.1 and buy most of them back up...
People have bought at 0.4 and sold at 0.1-0.2. RS would have made 0.25 BTC on average from 28,000 shares = ~7,000 BTC x $915 AUD (as of now) = ~$6.4m
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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November 26, 2013, 04:08:23 AM |
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Brutally crazy man, he just doesn't give a shit about what he done ot his users, lol, and bitches about his hard life and how running the site was making him mad.
He just doesn't care, it's most cold blooded scammer I've ever seen.
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Hazard
Legendary
Offline
Activity: 980
Merit: 1000
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November 26, 2013, 04:08:55 AM |
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On the subject of RealSolid and scams, let's talk about worldcoin and how close they were with realsolid. Hmm, wonder what's going on there?
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Colaxais
Newbie
Offline
Activity: 50
Merit: 0
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November 26, 2013, 04:09:05 AM |
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If it does come back up, it's only to scam you again.
Very negative way to look at it right there - basically, even if we assume he isn't a scammer, and brings the site back better than before, you'll still claim he's a scammer. People bought fees at .4, and that's their problem. Making an announcement like that when he could easily cover a buy-back scheme is RSs responsibility though. Needing more people involved in a growing site, and needing time without thousands of people emailing him about everything under the sun, so that he can put in development time is entirely reasonable. If you want it to fail that badly, I don't expect you to consider the possibility, but it doesn't make it any less true. |
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GoldSeal
Legendary
Offline
Activity: 1862
Merit: 1002
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November 26, 2013, 04:09:40 AM |
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Here's a quote:
realsolid: i just decided today when another exchange issue popped up
This is how much he cares about his customers.
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Moving to Puerto Rico...
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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November 26, 2013, 04:12:50 AM |
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And what's even worse there is still lot of little bitches like colaxais who are licking his ass, lol
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Fuserleer
Legendary
Offline
Activity: 1050
Merit: 1016
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November 26, 2013, 04:13:09 AM |
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With all the money he's made why not hire people to deal with "emails and support"  |
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Hazard
Legendary
Offline
Activity: 980
Merit: 1000
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November 26, 2013, 04:14:07 AM |
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With all the money he's made why not hire people to deal with "emails and support" I think the motive is obvious here... Let's not play coy. |
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GoldSeal
Legendary
Offline
Activity: 1862
Merit: 1002
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November 26, 2013, 04:14:31 AM |
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Another golden excerpt...
pythonideus: @realsolid so no reimbursement for the massive losses in fee shares right?
davidcc6: if i leave all my coins here, they will be there when the site come back?
realsolid: whether there was a preannouncement or not, the mcxfee price would tank
Brilliant... The whole "why should I?" Attitude...
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Moving to Puerto Rico...
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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November 26, 2013, 04:16:39 AM |
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Another golden excerpt...
pythonideus: @realsolid so no reimbursement for the massive losses in fee shares right?
davidcc6: if i leave all my coins here, they will be there when the site come back?
realsolid: whether there was a preannouncement or not, the mcxfee price would tank
Brilliant... The whole "why should I?" Attitude...
He just doesn't give a flying one. First half an hour he was quiet then he started to ban and insult people who were telling him what he is. |
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sonihr
Sr. Member
Offline
Activity: 454
Merit: 250
THE TIME HAS COME...
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November 26, 2013, 04:16:56 AM |
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What goes around comes around...
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GoldSeal
Legendary
Offline
Activity: 1862
Merit: 1002
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November 26, 2013, 04:20:18 AM |
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Another golden excerpt...
pythonideus: @realsolid so no reimbursement for the massive losses in fee shares right?
davidcc6: if i leave all my coins here, they will be there when the site come back?
realsolid: whether there was a preannouncement or not, the mcxfee price would tank
Brilliant... The whole "why should I?" Attitude...
He just doesn't give a flying one. First half an hour he was quiet then he started to ban and insult people who were telling him what he is. Does anyone have his IRL info? It would be helpful in getting a criminal complaint together. Someone must have this info. |
Moving to Puerto Rico...
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Colaxais
Newbie
Offline
Activity: 50
Merit: 0
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November 26, 2013, 04:22:42 AM |
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And what's even worse there is still lot of little bitches like colaxais who are licking his ass, lol
Awww, mad not everyone wants to be in your popular group? Read what I've written - I assume you can read, although it's not a given - Selling fees at 0.4? Fine. Taking the site down temporarily to work on it? Fine. Crapping on the fee holders? Not fine. This is a very simple version, especially for you, which points out what he's done that's okay, and what he's done that's not okay. |
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