[GPUC] GPU Coin | Mandatory Wallet Update

[illiki23]

The CEO is a businessman, NOT A DEVELOPER.

Actually, the CEO is neither.  He is a nuclear reactor operator or something, with what appears to be no business training at all.

[TimC]

The CEO is a businessman, NOT A DEVELOPER.

Actually, the CEO is neither.  He is a nuclear reactor operator or something, with what appears to be no business training at all.

He is a record setter. He going to set a record for the most failed launches of a coin in the shortest amount of time.

[navarthelol]

The CEO is a businessman, NOT A DEVELOPER.

Actually, the CEO is neither.  He is a nuclear reactor operator or something, with what appears to be no business training at all.

He is a record setter. He going to set a record for the most failed launches of a coin in the shortest amount of time.

The CEO is a businessman, NOT A DEVELOPER.

Actually, the CEO is neither.  He is a nuclear reactor operator or something, with what appears to be no business training at all.

Whatever he is; his concept is undeniably brilliant and like no other coin. If you cannot see that or deny it then your fools. I personally want to see this succeed more then any coin.

[sonysasankan]

I am just curious - legally, how long can I wait before I am required to file for my refund?

I am assuming it does not matter if the next relaunch is in an hour or a week, the owner has already guaranteed refunds if the second launch fails.  

I am assuming I have some time in order to request the refund, even if it is after Sunday when the relaunch occurs.

Im not sure you CAN apply for a refund. Legally, Mr. CEO owes you nothing unless you have a clear contract mentioning the deliverables, signed by witnesses and paid for in the national currency (USD in this case). Its like the situation of people pre-ordering bitcoin miners and paying for with bitcoins... you are essentially crossing your fingers and trusting that one fine morning the bitcoin miner will show up at your doorstep in a FedEx package. Legally they owe you nothing, because nothing was paid in USD. And it did happen.... lot of people did not receive them. "Bitco Miners" is a good example.... just closed down their website after raking in enough bitcoins and disappeared.

I'm afraid you all are dependent on the goodwill of the dude. Sigh.... I feel for you. Non-responsive, MIA, all point to the wrong direction.... and to add insult to injury, the value of bitcoins decided to pop its head back up and going upwards!

[hendr1x]

You're an idiot sonysasankan.  Nothing you said was remotely true.

[vesperwillow]

I am just curious - legally, how long can I wait before I am required to file for my refund?

I am assuming it does not matter if the next relaunch is in an hour or a week, the owner has already guaranteed refunds if the second launch fails.  

I am assuming I have some time in order to request the refund, even if it is after Sunday when the relaunch occurs.

Im not sure you CAN apply for a refund. Legally, Mr. CEO owes you nothing unless you have a clear contract mentioning the deliverables, signed by witnesses and paid for in the national currency (USD in this case). Its like the situation of people pre-ordering bitcoin miners and paying for with bitcoins... you are essentially crossing your fingers and trusting that one fine morning the bitcoin miner will show up at your doorstep in a FedEx package. Legally they owe you nothing, because nothing was paid in USD. And it did happen.... lot of people did not receive them. "Bitco Miners" is a good example.... just closed down their website after raking in enough bitcoins and disappeared.

I'm afraid you all are dependent on the goodwill of the dude. Sigh.... I feel for you. Non-responsive, MIA, all point to the wrong direction.... and to add insult to injury, the value of bitcoins decided to pop its head back up and going upwards!

Under Virginia statute, when people have an agreement between themselves, even verbally, it is binding. More so and with much more weight, when it is written. You don't need signatures for what he did, he made a promisory action to all the IPOs. He is now bound to fulfill it. The goods being investment return.

As to those saying "gosh guys calm down a relaunch is coming", some of us don't care about the relaunch. He owes refunds immediately. We want those. You guys can have this piss coin for yourselves.

For the comment on him being a Navy Nuke.. absolute disgrace to even claim that rate. Absolutely disgusting. A Nuke wouldn't have had this much fail. Dude must've been kicked out of the navy.

[sonysasankan]

I am just curious - legally, how long can I wait before I am required to file for my refund?

I am assuming it does not matter if the next relaunch is in an hour or a week, the owner has already guaranteed refunds if the second launch fails.  

I am assuming I have some time in order to request the refund, even if it is after Sunday when the relaunch occurs.

Im not sure you CAN apply for a refund. Legally, Mr. CEO owes you nothing unless you have a clear contract mentioning the deliverables, signed by witnesses and paid for in the national currency (USD in this case). Its like the situation of people pre-ordering bitcoin miners and paying for with bitcoins... you are essentially crossing your fingers and trusting that one fine morning the bitcoin miner will show up at your doorstep in a FedEx package. Legally they owe you nothing, because nothing was paid in USD. And it did happen.... lot of people did not receive them. "Bitco Miners" is a good example.... just closed down their website after raking in enough bitcoins and disappeared.

I'm afraid you all are dependent on the goodwill of the dude. Sigh.... I feel for you. Non-responsive, MIA, all point to the wrong direction.... and to add insult to injury, the value of bitcoins decided to pop its head back up and going upwards!

Under Virginia statute, when people have an agreement between themselves, even verbally, it is binding. More so and with much more weight, when it is written. You don't need signatures for what he did, he made a promisory action to all the IPOs. He is now bound to fulfill it. The goods being investment return.

As to those saying "gosh guys calm down a relaunch is coming", some of us don't care about the relaunch. He owes refunds immediately. We want those. You guys can have this piss coin for yourselves.

For the comment on him being a Navy Nuke.. absolute disgrace to even claim that rate. Absolutely disgusting. A Nuke wouldn't have had this much fail. Dude must've been kicked out of the navy.

Who really cares whether a contract is binding if the content cannot be contested. I can have a written binding contract to trade a pound of pixie dust for two and a half unicorn horns. Its the same with bitcoins traded for future GPU coins... heck I'm not even sure if that is "legally speaking" a financial contract. I believe a Govt recognized currency needs to be in the picture to make any kind of sense to it.... like the unicorn horns for 100$ each or something like that. Then ya... I can say gimme back my money because I did not get the promised unicorn horns

[_s3v3n_]

What is this? Another failed launch? Sorry I was kindda late to the party....

[sonysasankan]

You're an idiot sonysasankan.  Nothing you said was remotely true.

You are just brimming with insight I can tell.... You have anything more.... oh I dont know what's the word.... "constructive"? Anything constructive to add to that observation?  

[hendr1x]

_s3v3n_ : yes - relaunch Sunday March 9th - Dev + CEO MIA since last night

sonysasankan : you can't just go around making stuff up because you think it sounds right.

[_s3v3n_]

_s3v3n_ : yes - relaunch Sunday March 9th - Dev + CEO MIA since last night

sonysasankan : you can't just go around making stuff up because you think it sounds right.

OMFG. Another relaunch. Good thing WDC difficulty dropped down to low 20s last night so I decided not to switch.

[sonysasankan]

_s3v3n_ : yes - relaunch Sunday March 9th - Dev + CEO MIA since last night

sonysasankan : you can't just go around making stuff up because you think it sounds right.

An IPO member thinks he can take legal action for stolen bitcoins. Well that "sounds wrong" to me. Or maybe I could be wrong... but I'm fairly certain bitcoin is not a Govt recognized currency that is backed up by legislation for misuse, theft, etc. You know of any laws that were passed recently by any states that declared bitcoins as an accepted commodity of value that can traded, etc. I'm all ears if you have!

The very nature of decentralization prevents any central authority to be able demand someone to pay up with an "or else..." attached to the sentence. So ya... it definitely "sounds right" when I say legal action is futile...

[cozk]

Will it be regular scrypt ?

[ribbit]

this is the most posts I have ever seen for a coin that's yet to exist . . . 

[vesperwillow]

_s3v3n_ : yes - relaunch Sunday March 9th - Dev + CEO MIA since last night

sonysasankan : you can't just go around making stuff up because you think it sounds right.

An IPO member thinks he can take legal action for stolen bitcoins. Well that "sounds wrong" to me. Or maybe I could be wrong... but I'm fairly certain bitcoin is not a Govt recognized currency that is backed up by legislation for misuse, theft, etc. You know of any laws that were passed recently by any states that declared bitcoins as an accepted commodity of value that can traded, etc. I'm all ears if you have!

The very nature of decentralization prevents any central authority to be able demand someone to pay up with an "or else..." attached to the sentence. So ya... it definitely "sounds right" when I say legal action is futile...

Virginia has statutes covering losses of commodities and other items which have a dollar value. It could be Pixie Farts, but if it's traded or otherwise has a provable fiat value in the state, it can be covered.

Hence why he has an LLC, to keep his nuts out of the boiler. If it was just an individual it would be a little harder, but with an LLC you just present your evidence and the judge hits the gavel and it's over in 5 minutes.

[djm34]

this is the most posts I have ever seen for a coin that's yet to exist . . .  

This coin already existed... twice... for at least 2 hours in total

[M31]

User GPU coin has been active recently according to his status.  Did I miss a post or something?

CEO - could we please have an update?  I am sharpening my pitchfork... but it's just my practice one!

News of any sort would go a long way.  Sorry if I missed something already posted.

[flaminius]

The CEO is a businessman, NOT A DEVELOPER. He does not have the expertise to launch a coin by himself and so fully relies on a third party. It's not easy to create a brilliant concept and then see it through straight to release.

Consider he has NO EXPERTISE on launching a coin- he's done very well so far to try and bring this together, instead of asking BS questions like "does anyone have his IRL details" how about show some patience. He's obviously trying hard and working day/night sometimes to get this coin off the ground.

Once it launches, all the failed launches before it wont matter and you'll have more fruitful returns. But if your all nagging/pressuring him with SCAMSCAMSCAM he'll feel under pressure and more prone to make mistakes. Just give him some air to breathe.

+1

A little more patience and a lot less whining would serve everyone well here.

[scott0577]

I've been up for 24 hours at this point trying to see things through and it's time for bed.

IPO investors, look forward to an e-mail tomorrow about all of the issues and choices (including refund, if needed, since this launch was a fail) as I will still pound on and try to get this thing kick started.

Did anybody get a email today???

[sonysasankan]

_s3v3n_ : yes - relaunch Sunday March 9th - Dev + CEO MIA since last night

sonysasankan : you can't just go around making stuff up because you think it sounds right.

An IPO member thinks he can take legal action for stolen bitcoins. Well that "sounds wrong" to me. Or maybe I could be wrong... but I'm fairly certain bitcoin is not a Govt recognized currency that is backed up by legislation for misuse, theft, etc. You know of any laws that were passed recently by any states that declared bitcoins as an accepted commodity of value that can traded, etc. I'm all ears if you have!

The very nature of decentralization prevents any central authority to be able demand someone to pay up with an "or else..." attached to the sentence. So ya... it definitely "sounds right" when I say legal action is futile...

Virginia has statutes covering losses of commodities and other items which have a dollar value. It could be Pixie Farts, but if it's traded or otherwise has a provable fiat value in the state, it can be covered.

Hence why he has an LLC, to keep his nuts out of the boiler. If it was just an individual it would be a little harder, but with an LLC you just present your evidence and the judge hits the gavel and it's over in 5 minutes.

Hmmmm... interesting. But bitcoin by itself has no intrinsic value and neither is it a service with a fixed or hourly fee. It is not a recognized share of a company that has a stock value at the exchange either. The "Bitcoin Exchanges" out there are pretty much an escrow service that mediates  the agreed upon transaction between two people. If I buy 1 BTC from someone for $700, I do not own a tiny percentage of the company called "Bitcoin" whose worth can be calculated based on their quarterly/annual income. So basically how valuable it is, is decided by me and the other person who is paying for it. It can be anything from $5 to $750. So how is a fiat value determined.

Moreover what is the judge going to declare? Pay back the bitcoin? I don't think there is a bitcoin bank account tied to the LLC that can be frozen.... there has to be cash (or physical goods like siezed graphics cards) in the shop/property for any financial dispute to be resolved right? Am I missing something fundamental here?