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Author Topic: [GPUC] GPU Coin | Mandatory Wallet Update  (Read 421191 times)
illiki23
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April 13, 2014, 05:27:53 PM
 #8161

Jaymes does have to disclose some proof that 100% of the original IPO funds was spent on wholesale GPUs.

If he does that then I will drop my request for a refund and stop pressing the issue.

I think he blocked my email so I guess I will have to start corresponding by snail mail.  I am not dropping this until either I get my refund or Jaymes proves that he fulfilled his end of the deal.  I will take him to court if needed if my lawyer indicates I have a case.

The math does not add up.  As of right now the evidence indicates that the IPO money was not all spent on GPUs.  I don't think Jaymes would win in court.

All I wanted was a refund. I have been asking for a refund for a long time.  We were promised a refund if the second launch failed but I was never granted one.  We are talking 0.12 bitcoin.  But since they refused to either disclose information that shows they met their end of the deal as well as refused to grant my refund.

If I did not take action I would not be sticking to my values.

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illiki23
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April 13, 2014, 05:30:20 PM
 #8162



IPO
An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO.

as such the equity (or value of shares) is directly related to coins. we got them, case closed.
nothing to do with shares in his company or his finances.

Ok.  Forget about the IPO.

I am no longer arguing about whether Jaymes is required to follow the rules set in place to regulate IPOs.

Right now I am arguing that Jaymes has not fulfilled his end of the transaction.  I am waiting for him to disclose some evidence that his part of the deal was carried out. 

He has not, so I want my coins back.

(and I will take this to court if I need to, it is a valid complaint and not frivolous, I have found two similar cases where a judge ordered a refund based on a company failing to show it carried out its end of an arrangement.  The first one was involving an IPO, the second one was not.)



Hes not gonna let go



Nope.  I have been trying to get my 0.12 bitcoin refund for weeks.

And you guys are likely getting scammed.  There is no other reason to be so strongly against disclosing the details that prove otherwise.

And I have been meaning to ask, are those GPUs used?  My box was not sealed and actually looked like it had been opened.

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illiki23
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April 13, 2014, 05:32:04 PM
 #8163

I would go away if the store proves they spent the IPO fund on GPUs.

Otherwise I have a valid complaint and will not leave it alone until it is addressed.

The more they refuse to disclose the information I am seeking the worse it looks for them.

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NurseWho
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April 13, 2014, 05:48:08 PM
 #8164

srsly, what a whiny bitch

yeah go get your lawyers for 0.12 btc, seems like the best logical thing to do
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April 13, 2014, 06:15:18 PM
 #8165

you get em johnny cockran...
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April 13, 2014, 06:15:30 PM
 #8166

0.12 BTC is around $50 right now, this is small claims territory and depending on where you live it might cost you as much or more to file a suit to recoup your 0.12 BTC.  You cannot escalate it past small claims in superior court as it is not worth more than the maximum small claims suit amount (usually somewhere between $1000 and $3500 depending on your state/district)  I can tell you right now, if you get an attorney you will spend more than what you would get in return.  It would likely just be better for you to wipe your hands of GPUCoin and mine something else.

We all understand you are upset, but constantly stating this on a forum that the owner of the coin doesn't frequent too often isn't going to help you.  Sometimes, like a broken marriage, it is better to just walk away and chalk things up to a life lesson learned.

Also, the owner does not have to disclose anything, it isn't a publicly held company on the stock market.
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April 13, 2014, 06:55:28 PM
 #8167

I would go away if the store proves they spent the IPO fund on GPUs.

Otherwise I have a valid complaint and will not leave it alone until it is addressed.

The more they refuse to disclose the information I am seeking the worse it looks for them.
What the hell are you talking about? Go back and look thru every post here.
I don't know where, but at some point Jaymes put a photo of the invoice for
the first batch of graphics cards. I think there were like 30 or so 280x's, 270x's and 240's.
I don't remember the exact numbers, but he did order and post the invoice and a photo
of him with the boxes of around 70 or so cards. And no, he did not post the price's he
paid for them, but you can just figure he got them wholesale, or about 20% less than
you could have bought them.  He owes you nothing from your IPO, and I did IPO also,
but I do feel he at least owes me some freakin effort into marketing and advertising his
coin, if the coin goes up, our IPO money goes up. At this point I could care less about
buying a card from him at 10% off, I just want to see the coin thrive like so many other
crappier coins seem to do.

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April 13, 2014, 06:57:46 PM
 #8168

srsly, what a whiny bitch

yeah go get your lawyers for 0.12 btc, seems like the best logical thing to do


Probably several people in here who would gladly throw in .12 BTC just go get him to go away.  Seriously, sell your coins and move on another community to whine in.
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April 13, 2014, 07:00:22 PM
 #8169

0.12 BTC is around $50 right now, this is small claims territory and depending on where you live it might cost you as much or more to file a suit to recoup your 0.12 BTC.  You cannot escalate it past small claims in superior court as it is not worth more than the maximum small claims suit amount (usually somewhere between $1000 and $3500 depending on your state/district)  I can tell you right now, if you get an attorney you will spend more than what you would get in return.  It would likely just be better for you to wipe your hands of GPUCoin and mine something else.

We all understand you are upset, but constantly stating this on a forum that the owner of the coin doesn't frequent too often isn't going to help you.  Sometimes, like a broken marriage, it is better to just walk away and chalk things up to a life lesson learned.

Also, the owner does not have to disclose anything, it isn't a publicly held company on the stock market.
A better plan would be to keep mining, tell everyone to buy the coin, use your time and knowledge of the internet to promote the coin, and then when it goes up, you will make way more than your IPO money back.  And if you have been reading here, you will know that in about a week or so the blocks will half to 10,000, so your coins will be worth double and hopefully we can get known by then.

P.S. DID EVERYBODY DOWNLOAD THE NEW WALLET SO WE WON'T GET FORKED AND F@CKED WHEN THE BLOCKS DECREASE?

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April 13, 2014, 07:21:43 PM
 #8170

illiki23 you've got to let it go.
the money collected was to help get the entire business off the ground from graphics cards, domain names, site work, programmers for the coin and w/e they needed to spend money on.
why do you, as only a customer, need a itemized list of his spending?

if in almost every page, if not every other page, you're going to keep going on about this, why not dump your coins and move on? seriously sit back and think about doing so. i'm IPO and so are a lot of others, however i dont see a single person asking these questions. sure some people have asked when more stock would be in, or how many cards there will be, but not in the relation that you're asking about it.

and before you try to make a point about the ipo, lets define it.

IPO
An initial public offering, or IPO, is the first sale of stock by a company to the public. A company can raise money by issuing either debt or equity. If the company has never issued equity to the public, it's known as an IPO.

as such the equity (or value of shares) is directly related to coins. we got them, case closed.
nothing to do with shares in his company or his finances.

+1 THIS

Let's move on and see what we can do from hear on in. I don't have the skills or connections to get any marketing or advertising done. Nor too get any coding done. Or any graphics design. But, i'm willing to work. You idea guys out there with know how in these areas, utilize us, the community to help with these things. Might be unskilled labor, but its still labor.

waltsmith
I contacted on PM CryptoArticles.com and the guy said he is OK with posting an article for us. As English is not my native language and I have been critised a lot for my grammar in this forum (as well as this thread), would you mind writing the article? Or, if not, let me know and I will prepare it and you will just spell and gramar check it after that. Whatever pls let me know on PM so we can discuss this.

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April 13, 2014, 08:22:10 PM
 #8171

0.12 BTC is around $50 right now, this is small claims territory and depending on where you live it might cost you as much or more to file a suit to recoup your 0.12 BTC.  You cannot escalate it past small claims in superior court as it is not worth more than the maximum small claims suit amount (usually somewhere between $1000 and $3500 depending on your state/district)  I can tell you right now, if you get an attorney you will spend more than what you would get in return.  It would likely just be better for you to wipe your hands of GPUCoin and mine something else.

We all understand you are upset, but constantly stating this on a forum that the owner of the coin doesn't frequent too often isn't going to help you.  Sometimes, like a broken marriage, it is better to just walk away and chalk things up to a life lesson learned.

Also, the owner does not have to disclose anything, it isn't a publicly held company on the stock market.
A better plan would be to keep mining, tell everyone to buy the coin, use your time and knowledge of the internet to promote the coin, and then when it goes up, you will make way more than your IPO money back.  And if you have been reading here, you will know that in about a week or so the blocks will half to 10,000, so your coins will be worth double and hopefully we can get known by then.

P.S. DID EVERYBODY DOWNLOAD THE NEW WALLET SO WE WON'T GET FORKED AND F@CKED WHEN THE BLOCKS DECREASE?

Oh no, I was just directing that to the guy complaining, I haven't stopped mining myself since the day GPUC launched.  I only have around 650k, but I am also only using a single 270x and not doing the double threaded mining so that I can still watch movies and use my computer.  I am pretty sure I have the updated wallet "GPUcoin version v0.8.7.2-g88e2a2e-beta"
vesperwillow
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April 13, 2014, 10:23:09 PM
 #8172

Right now I am arguing that Jaymes has not fulfilled his end of the transaction.  I am waiting for him to disclose some evidence that his part of the deal was carried out. 

He has not, so I want my coins back.

Yeah.. but he kindof did. The primary trade was BTC for IPO of GPUC, and nothing more. Did you receive your GPUC? If yes, then that's all she wrote. This subject is now at an end.

(and I will take this to court if I need to, it is a valid complaint and not frivolous, I have found two similar cases where a judge ordered a refund based on a company failing to show it carried out its end of an arrangement.  The first one was involving an IPO, the second one was not.)

$50 small claims court? There's a $50 or $150 fee just to file the paperwork in Chesapeake. And once they see that he upheld his side of the trade.. the judge would probably rule that you have to pay for lunch for everyone in the courtroom for wasting their time. Along with court costs. Another $75.

Jaymes does have to disclose some proof that 100% of the original IPO funds was spent on wholesale GPUs.

No.. he doesn't. Dude, seriously. I told you this multiple times. I live up the street from Jaymes. I'm familiar with VA court and business rules, I've owned several businesses. He doesn't have to disclose anything. He's an LLC. Limited Liability Company. What that means is, he is liable up to the value of his profits essentially, and is only required to keep tax paperwork in order and fulfill any obligations--which he has with the IPO. His tax attorney handles the rest, as he has explained.

If he does that then I will drop my request for a refund and stop pressing the issue.

Your time for refunds was back when I made my legal threats--which actually HAD merit, and he promptly returned my coin. I warned everyone to get out while they could. This guy has previous business(s) in his name which all folded in the past, unless there's another person with his exact name. I put all of this in the thread here and elsewhere and linked it, and you and other folks ignored/laughed at me. He has no demonstrated business ability, and if you ask me he probably got kicked out of the Nuke program.

Tough cookies bro.

The math does not add up.  As of right now the evidence indicates that the IPO money was not all spent on GPUs.  I don't think Jaymes would win in court.

Not only would he win, he would laugh so hard he'd probably pop out a feathercoin.

All I wanted was a refund. I have been asking for a refund for a long time.  We were promised a refund if the second launch failed but I was never granted one.  We are talking 0.12 bitcoin.  But since they refused to either disclose information that shows they met their end of the deal as well as refused to grant my refund.

I kept track of most of the refunds within the refund timeframe. I don't recall you filing for one within the timeframe, I believe you were one of the ones wanting to stay in. Just going on memory. The timeframe was only a few days, which was more than enough considering most people had already voiced to him prior to that of their intentions for refund. It was like a handful of folks.

If I did not take action I would not be sticking to my values.

You mean your drumbeating and face pounding?

I get your frustrations but the fact is, you took a leap of faith into an investment with someone you don't know. 100% gamble. Crap failed you. Look, I don't like the guy either but fair is fair, he upheld his word as far as he had to. I started getting a fishy feeling about him when I told him I was local and was willing to be involved heavily in the project to get it off the ground. I have a decent reputation on here, even folks who hate me will acknowledge I'm up front and willing to help. I have a small mining network at my disposal, multiple farms, and am on here daily. I could've handled his marketing and tech support, and even some of the mail

When he found out about that, he pretty much ghosted on me and refused to converse back with me. HUGE black flag in my eyes, so I immediately requested an out as soon as the first sign of incompetence popped up (wanting to change the algorithm on a whim hours before launch).

I get what you're saying but dude, drop it. Most of the BTC went to the huge GPU order he made, as well as other expenses. Even if he did run off with it.. IT'S HIS TO RUN OFF WITH. In Virginia a successful legal transaction is when both parties agree to something and both ends are held up.

Almost all of your posts are just emo without logic. You're trying to infuse hopeful logic.. but it doesn't work. Hope is not a course of action, it's a dream.

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April 13, 2014, 11:10:03 PM
 #8173

um, okay. I can see that the dialogue on here has turned for the worse. On that note can we get back on track trying to help our coin?

waltsmith

Buy cheap GPUs with GPU Coin
Win a video card! - Drawing/Contest
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April 13, 2014, 11:20:44 PM
 #8174

um, okay. I can see that the dialogue on here has turned for the worse. On that note can we get back on track trying to help our coin?

waltsmith

anyone have a transparent png image(s) of the coin?
will play around in photoshop today a little. with some doge inspiration.

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vesperwillow
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April 13, 2014, 11:56:45 PM
 #8175

One thing I can say positive.. I would definitely consider hiring the web dev team, they did a fabulous job.

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April 14, 2014, 12:56:17 AM
 #8176

One thing I can say positive.. I would definitely consider hiring the web dev team, they did a fabulous job.

i actually referred someone on this site looking for web work to check in with hendr1x, he has some talent.


got my png of gpu coin logo if anyone wants to play around with making images. it's only 256x256 but large enough for anyone that wants to play around with making some images or videos.
https://www.mediafire.com/?86ncy3rl8a6395e
https://www.dropbox.com/s/f5iqem9vasno9f4/gpucoin.png

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waltsmith
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April 14, 2014, 02:31:20 AM
 #8177

One thing I can say positive.. I would definitely consider hiring the web dev team, they did a fabulous job.

i actually referred someone on this site looking for web work to check in with hendr1x, he has some talent.


got my png of gpu coin logo if anyone wants to play around with making images. it's only 256x256 but large enough for anyone that wants to play around with making some images or videos.
https://www.mediafire.com/?86ncy3rl8a6395e
https://www.dropbox.com/s/f5iqem9vasno9f4/gpucoin.png

My idea was to put a slogan across the top and bottom rim of the coin image like: THE COIN WITH A PURPOSE across the top and THE COIN WITH A STORE across the bottom.
Being that the coin image is displayed more widely than anything else free of charge, for example at coinwarz, this could clue people in to investigate further with no further effort on anyones part.

waltsmith

Buy cheap GPUs with GPU Coin
Win a video card! - Drawing/Contest
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April 14, 2014, 05:03:42 AM
 #8178

i'm not looking to do anything special.
personally i hate doing graphics, cad stuff isn't too bad, but was thinking more mspaint looking than photoshop lol

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micryon
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April 14, 2014, 05:58:32 AM
 #8179

How are we doing on client updates. 

Can everyone reach out to all pools and exchanges to make sure their client gets updated.  Else we're going to have some major problems..

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April 14, 2014, 03:28:17 PM
Last edit: April 14, 2014, 04:08:35 PM by GimmeMyCoins
 #8180

um, okay. I can see that the dialogue on here has turned for the worse. On that note can we get back on track trying to help our coin?

waltsmith

My first post, woohoo! Do we have someone in the community that it has the knowledge and drive to put something like this http://blackcoinpool.com/ together for GPUC? Having a multipool payout in GPUC would increase the price and do what a lot of people are doing anyway by mining profitable coins and buying GPUC. I know I would use it maybe others would too. Heck, whoever develops it could market it to other coins as well. But GPUC first! lol
I have been here from the beginning and I am still excited about this coin. I hope the R&D is still going on. I would love to have a few of those PCI-e splitters that were hinted at since I can’t seem to find them anywhere. It would be great for the coin if we had something that was not easily found anywhere else (with some demand, of course). I guess I need to post the question. Is the R&D still happening?
Like many here, I also believe marketing will help but if we can drive up the price I think that would go a long way. I know I have found other coins by the profitability alone.
Having a welcoming community is always a plus to get people to stick around and contribute.  Thanks waltsmith for your efforts.
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