The BCH value in forum wallets

[suchmoon]

I'd be pissed as fuck over the GBYTE if someone had profited 7BTC off me and kept it quiet, especially as you show how cool you can be letting OG having the other shitcoins, to me that isn't tacky my man, mind you - we  all know my thoughts on OG and his business practices, ill leave it to others to voice their thoughts.

Maybe "someone" donated it to that charitable fan club or whatever the fuck it's called (totally not an investment).

Yes, I did actually LOL when I was typing this.

[1714043032]

1714043032

[1714043032]

1714043032

[PrimeNumber7]

First: I've been wondering about this for a while now, and although I don't want to point fingers, I do like transparency so here it goes: What happened to the "dividend" from airdrops based on Bitcoin holdings?

http://transition.obyte.org/ shows that treasurer address 1Eog8UqRFLufC71rBLt2nYgfUDskgxAyVF joined the Byteball airdrop with 500.00051 BTC (0.0771% share):

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
OOUIJTHWY5PANA7P2YUJX67VVN2QZYIX
-----BEGIN SIGNATURE-----
1Eog8UqRFLufC71rBLt2nYgfUDskgxAyVF
HMdUJW2FnsyZVJAoXhuLuYvt2Zqgdpt5o9xGCqIQqnMVOIyrzkY2ICiwGbAfeCXOiS6SDj/UvRRr+CvIo+zTQJQ=
-----END BITCOIN SIGNED MESSAGE-----

Verified!

https://explorer.obyte.org/#OOUIJTHWY5PANA7P2YUJX67VVN2QZYIX shows the GBYTE (now called OBYTE) received on address OOUIJTHWY5PANA7P2YUJX67VVN2QZYIX: on 09.07.2017 13:58:44, approximately 36.174 GBYTE was received. Out of this, 0.0625*500 = 31.25 GBYTE was thanks to forum funds. At the time, this was worth approximately 7 BTC.

There were later airdrops too, and Stellar Lumens could have produced a similar amount based on Bitcoin holdings, but I don't think that data is publicly available.

According to the website you linked, 0.00625 Gigabyte/BTC was disbursed, so your calculations are off by a factor of 10.

If the fork coins were property of the forum, any treasurer would owe the fork coins back to the forum, not the value of a hypothetical trade years before if there was no request to liquidate the fork coins at the time.

By my calculation, the amount in question is about $150.

Does anyone know the value of the btc returned to theymos? 

[suchmoon]

According to the website you linked, 0.00625 Gigabyte/BTC was disbursed, so your calculations are off by a factor of 10.

There were multiple airdrops. The one on July 9 2017 distributed 0.0625 GBYTE per BTC. Funny how you are able to click one link but not the other.

[The-One-Above-All]

I didn't know about that. I don't see it as a violation of the treasury agreement, but it's... a bit tacky, I guess. I suppose an analogy would be a fine-art storage company selling selfies with famous artworks.

A bit tacky?  wow Theymos you are a pretty mellow fellow! as below

No, after the major coins were transferred to me, ownership of any remaining forkcoins went to OgNasty.

I'd be pissed as fuck over the GBYTE if someone had profited 7BTC off me and kept it quiet, especially as you show how cool you can be letting OG having the other shitcoins, to me that isn't tacky my man, mind you - we  all know my thoughts on OG and his business practices, ill leave it to others to voice their thoughts.

Really but you have no issue with apparently lauda keeping the coins from his 3000bch escrowing debacle. Sounds like some double standards does it not??  was this not very similar behavior from your pal and fellow DT mutual include, fellow scammer and fellow trust abuser?

Are you pissed off at lauda " apparently lauda did this to those he was escrowing for at the time??

Depending when the BB were dumped it would have been a considerable sum. It  was trading at one stage at 0.1 btc per GB of BB. So he could have given a bit back to the board if this is not just speculation and is something that 100% happened.

I don't think it is sensible to leave free coins there for the taking but on the other hand some should be given back to the board perhaps. Then again if theymos does not want them or not bothered fair enough.

Maybe just claimed the BB but did nothing with them.

I think best to wait to hear what OG says before we build up a frenzy and witch hunt.

[PrimeNumber7]

According to the website you linked, 0.00625 Gigabyte/BTC was disbursed, so your calculations are off by a factor of 10.

There were multiple airdrops. The one on July 9 2017 distributed 0.0625 GBYTE per BTC. Funny how you are able to click one link but not the other.

The address OOUIJTHWY5PANA7P2YUJX67VVN2QZYIX did in fact receive 35.3 GBYTE on June 6, 2017, and 36.1 GBYTE on July 9.

I am unable to substantiate the 0.0625 GBYTE/btc rate on July 9 as stated in the post made by what appears to be a forum user unassociated with the GBYTE/Obyte project.

Reviewing coinmarketcap, and the distrubution section of the obyte website, none of the distribution amounts per the blockchain, match the expected amounts based on the total bitcoin linked, and the percentage of total supply per the website. The percentage of the total distribution per http://transition.obyte.org/ also does not match the expected percentage 500 btc should have been per the amount of bitcoin linked per https://obyte.org/#dist

It appears likely that OgNasty received GBYTE from 5 distributions.

I looked at an old version of the list of treasurer agreements, and the agreement between OgNasty and theymos for the coin in question, and it appears OgNasty's obligations were as follows:

After the treasurer receives the Held Amount of bitcoins, the treasurer owes the Forum the held bitcoins and must keep the entire amount safe at a particular address, never transferring them except<irrelevant additional terms>

 

[suchmoon]

I am unable to substantiate the 0.0625 GBYTE/btc rate on July 9 as stated in the post made by what appears to be a forum user unassociated with the GBYTE/Obyte project.

https://wiki.obyte.org/Airdrop

[TheNewAnon135246]

Whether or not claiming forks/airdrops was part of the agreement, doing it without informing Theymos is extremely dodgy and shady.

[eddie13]

OG handing back more escrow value is reason for concern?

Theymos is giving OG the minor forks and shows no concern for minor airdrops..

What about clams?

I'd bet OG would hand over anything related to the escrow that theymos asked him to..

[TheNewAnon135246]

OG handing back more escrow value is reason for concern?

Theymos is giving OG the minor forks and shows no concern for minor airdrops..

What about clams?

I'd bet OG would hand over anything related to the escrow that theymos asked him to..

I don't think he handed back anything. I'd love to hear what OG has to say before jumping to any conclusions.

[FFrankie]

OG handing back more escrow value is reason for concern?

Theymos is giving OG the minor forks and shows no concern for minor airdrops..

What about clams?

I'd bet OG would hand over anything related to the escrow that theymos asked him to..

Lmao. Everyone on this earth would bet that OG would give back the fork coins if theymos asked him. What kind of statement is that are you kidding me

[LoyceV]

I didn't know about that. I don't see it as a violation of the treasury agreement, but it's... a bit tacky, I guess. I suppose an analogy would be a fine-art storage company selling selfies with famous artworks.

Thanks!

I never participate in these things. They're a series of risks & headaches for a chance at some profit.

In this case, the only "risk" was having to sign a message, and the expected profit was (more or less) known up-front.

According to the website you linked, 0.00625 Gigabyte/BTC was disbursed, so your calculations are off by a factor of 10.

Suchmoon is correct: that was for the later airdrops.

If the fork coins were property of the forum, any treasurer would owe the fork coins back to the forum, not the value of a hypothetical trade years before if there was no request to liquidate the fork coins at the time.

That is indeed what happened to the Forkcoins, but I wasn't talking about Forks.

I am unable to substantiate the 0.0625 GBYTE/btc rate on July 9 as stated in the post made by what appears to be a forum user unassociated with the GBYTE/Obyte project.

I followed the airdrop back then, and the quote is correct.

The percentage of the total distribution per http://transition.obyte.org/ also does not match the expected percentage 500 btc should have been per the amount of bitcoin linked per https://obyte.org/#dist

I don't really want to dig up all the details because I remember I checked some of the numbers of the airdrop back then, and they were all correct. My guess would be the amounts of Bitcoin that are now shown in the transition log were taken at a later date, for a later airdrop. You'll have to look up the funds on each address on the exact date if you want the exact amounts.

It appears likely that OgNasty received GBYTE from 5 distributions.

That could be, I didn't look any further as one airdrop was enough to ask for transparency.

[TwitchySeal]

What happened to the "dividend" from airdrops based on Bitcoin holdings?

I didn't know about that. I don't see it as a violation of the treasury agreement, but it's... a bit tacky, I guess.

I don't think it would be unreasonable at all to ask him to send whatever was generated by the Treasury funds back to the forum since he was already being compensated for holding the funds.  It would be unethical to keep them, even if it's not technically a violation of the agreement.

[TMAN]

I don't think it would be unreasonable at all to ask him to send whatever was generated by the Treasury funds back to the forum since he was already being compensated for holding the funds.  It would be unethical to keep them, even if it's not technically a violation of the agreement.

Bringing Ethics into play - surely the Treasurer should of asked permission to use the funds for his own personal gain at the time of the incident?

but it's... a bit tacky

a bit tacky is how I would describe what women wear on a night out in Newcastle, using forum funds for personal gain and not mentioning it - it only coming out  when the resident robot did some digging - well that is just plain old grim.

None of us would of imagined the amount of shitcoins/forks/airdrops that happened since the original agreement was put together, and props to OG for doing what was right returning the original funds and no doubt going through the aggravation of getting the BCH ETC over to Theymos.

I guess OG could make it right by disclosing how many of the GBYTE he earned and either offering to send them, or disclosing how much he sold them for and offering to send it to the forum donation address - simple enough to clear this up if it was just an error on his part.

[Lauda]

Somehow the thread slipped through my fingers when it was created. Interesting developments. Watching.

[eddie13]

I don't think he handed back anything.

Ummm...
All the Bitcoins a while ago and just now all of the "major" fork coins..
As in the title of this thread..

I'd bet OG would hand over anything related to the escrow that theymos asked him to..

Lmao. Everyone on this earth would bet that OG would give back the fork coins if theymos asked him. What kind of statement is that are you kidding me

"anything related to the escrow" would include airdrops.. Guy..

If airdrops have not been claimed on forum funds it would just be a waste..

[TMAN]

If airdrops have not been claimed on forum funds it would just be a waste..

errr....

Assuming you probably weren’t even aware of these freebies yourself

Theymos' address with 750 BTC (19XTo6BHpPHSkW5cm183VrgEYpGjVJmQEt) was not in the airdrop, so unless theymos didn't care about (the tax and administrative complications of) ~10 BTC, he didn't know about it.

So Theymos "wastes" the opportunity for free coins - but good old OGNasty doesn't "waste" the opportunity for free coins, he just doesn't tell Theymos that he hasn't "wasted" the opportunity and he didn't give the funds to the forum either.

[suchmoon]

So Theymos "wastes" the opportunity for free coins - but good old OGNasty doesn't "waste" the opportunity for free coins, he just doesn't tell Theymos that he hasn't "wasted" the opportunity and he didn't give the funds to the forum either.

GBYTE airdrops at the time were worth ~10% of the BTC value or so, if you did most of them up to August 2017 I think. I know I got almost as much from those as I did from BCH. And you didn't need to expose your private keys in any way. So it made sense to claim the airdrops, it's just that everything else about it is shady AF completely in character for Og.

Here is the full list of addresses linked to OOUIJTHWY5PANA7P2YUJX67VVN2QZYIX:

1momVRFPLTPja4vynePcfWma3MEypLRfP
1N2ihXP7FYAJVuNhk3aHzCGFqPrgJQoZNR
1MinDTripG88BFdM2PvpX6EEyvevrZEpU
115B4ESEKo9oGvkLSs1u2jwTaRtbDdrX9z
14BJyFxBn1cesyVzGM1Z9w4Y2TnN348HZ8
1DSXAxxm7TwbBYt49VRzVWyvT2RZXCGqDC
17q1bCwwJboKVyvad9VeJojKPZgHpQxtqR
13dE798ejJUV5UoDad5FkVNFWJsYH6kGmz
16YsWTTAyGsoj7GWjF4q3evgKujsPRE2Ct
1D18g5HvHpgYxYFU2yWDcjVo3VTp9kV8Nq
1Ln1G4rMyyxAsBZGHcvfBymABEq3ggDmqQ
1KCTgBpH8V3Jtac4VjMxqz8R34Ln8hYSGq
15S6Jimb6HyKc6N2A57xQZqC8szL5ohwX8
1NastyPXmduDcoay5aEZzih7fzqt8UzXRK
1ESYU8M62R19cHynPUNcezXFagoyhH1euP
1HxpVvoXEXLSTM1P4sY9eUqa2VGmKDSF5o
1NTf7FPkRtg9H72jrWHvKNdSoZBzMGkZWk
1HJnj1JkxQjXe4waCr1UeDmLYvxmgDHceh
14TdoUUPqVaxGNNQy2VEZiTAK2rmBam8vg
1BGM6a3cYutnZL3jWVCsKzeWHDG1Votnxc
1NastyBTCcxbAQQ22kEijbXqgyBPRujftL
1NastyFRkeUTmMdbMmzggDVTQA6r3ibUoX
1KNswej1AAXWfCrzK9afND1dUNn3BHCGU3
1BTALKaduBnumDo26zjLSg6D9cbsGareLL
1SigAdszeqZZEin8jBJteQmyFfnyYFtB9
1NASTYfxUpKPwin7b1KTBFjeeofrLSgXDJ
1Eog8UqRFLufC71rBLt2nYgfUDskgxAyVF
1ogNastygDXqWZuSyDcvhg8CR4xvetXBm
1MyUMNvuuyNHH6DQcidUibZagMkMwhJY6n
168WXhArv7Fasqvi2xm5MQMfLhG18jifMe

[eddie13]

So Theymos "wastes" the opportunity for free coins

Yes I would consider this a "waste" of an opportunity to..

1. Dump on shitcoins..
2. Increase holdings of BTC by dumping shitcoins for BTC..
3. Increase the general value of BTC by dumping on shitcoins, taking that value out of the shitcoin and putting it back into BTC..

From the perspective of a self admitted Bitcoin supremacist (me), relentlessly dumping on any airdrops and forks is good for Bitcoin..


The question of if the topic of airdrops was discussed between OG and theymos is a question.. I wonder if their has been any mention of this subject between them at all..

If OG simply had to sign a BTC message from HIS keys it is debatable if the airdrop value should be his or not anyway, because they are OG's keys..
The forum's BTC on OG's keys is the forum's bitcoin, but the keys themselves are the property of OG and not theymos or the forum..

Understanding this, I think it could be debated that if not stated otherwise in any contract all forks and airdrops are the property of the key owner period, and therefore ANY value from forks or airdrops given to the escrow customer along with the BTC could be considered nothing more than a good deed, even as far as a donation..

At what point is an escrow responsible to claim all forks and airdrops for whoever they are holding coin for?
I think many escrows, exchanges, etc. now have disclaimers about this as in "I will not be held responsible for getting your forks/airdrops for you. I may, but may not." now that forks and airdrops are common, but back when the escrow contract for the forum funds was made I believe was before them to be common or of any concern..

Is an exchange a scam if they claim airdrops on their keys that are full of customer funds and not disperse these claimed values to the customer?

I think this is an interesting philosophical question of who has the right to these sorts of miscellaneous fork/airdrop values based on who owns the keys or what is contracted with the contents of the keys..

[LoyceV]

If OG simply had to sign a BTC message from HIS keys it is debatable if the airdrop value should be his or not anyway, because they are OG's keys..

The amount of GBYTE airdropped was based entirely on the Bitcoin holdings on the address. So if someone joined by signing a message from an empty private key, he got nothing.

Is an exchange a scam if they claim airdrops on their keys that are full of customer funds and not disperse these claimed values to the customer?

Some exchanges have indeed done that. But what if it's just their local system administrator who claims it for himself instead of the company?

[TMAN]

I think this is an interesting philosophical question..

OG signed up for the airdrop
Theymos did not sign up for the airdrop
1st Time Theymos heard about the airdrop was in this thread (if I am reading his post correctly)
OG claimed the Airdrop coins without Theymos's consent or knowledge
OG did not offer to send the Airdropped coins/or converted BTC equivalent as theymos didn't know about it.
OG handed over the BCH, president has been set there.
Theymos chose to not ask for the shittest of shitcoins - don't blame him, who can be arsed.

please do not take the above as gospel (I am not TOAA) - but it would be interesting to hear from Mr Nasty about what happened to the GBYTE and or BTC gained from said shitcoindrop...