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jimmothy
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April 04, 2014, 08:20:52 PM |
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@jimmothy
Calm the fuck down and wait for a clear resolution before shitting your pants like that. Freaking idiotic weak hands.
They've started burning through cash before launch, months before. Launch was just public opening. Staff was hired before that. $6 million or 4.378.920 Euros is not that much when you consider all the staff, promotions, lawyers, trading software, lobbying, travel expenses, building renovation, POS terminals and so on.
No, 6 million is a ton of money even with expenses considered. If they hired an accountant there should be no reason they even came close to bankruptcy. Money doesn't just disappear. It was slowly drained from their wallet until there was nothing. And what "clear resolution" are we waiting for? CEO and entire company just quit. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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pedrog
Legendary
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Activity: 2786
Merit: 1031
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April 04, 2014, 08:25:02 PM |
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He also took customers' money without giving them BTC.
The two customers may have a claim against the bank to get their money back but that would depend on their contract. If you put money into a bank and it goes bust you won't get it back - unless there are 3rd party guarantees inplace somewhere. The timing may have been bad for them, they paid in and during the processing of their money the bank went bust perhaps? The customers didn't put money in a bank, they bought bitcoin and, apparently, didn't receive what they paid for... |
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NotoriousBIT
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Merit: 10
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April 04, 2014, 08:29:08 PM |
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Buy and hodl! Don't miss the long-term investment opportunity!!
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velacreations
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April 04, 2014, 08:29:19 PM |
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it's pretty funny to hear people in here using incompetence as Danny's only defense that he acted legally.
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minerpart
Sr. Member
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Activity: 280
Merit: 250
IIIIII====II====IIIIII
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April 04, 2014, 08:30:00 PM |
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The customers didn't put money in a bank, they bought bitcoin and, apparently, didn't receive what they paid for...
They put USD into a NB pay-in account didn't they? That would then take a day or two to process before NB could move it to an exchange to buy the coins? And then the coins need to be transferred into their NB account? This could take 4 days during which the bank may have ceased trading. How else would it work? |
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minerpart
Sr. Member
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Activity: 280
Merit: 250
IIIIII====II====IIIIII
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April 04, 2014, 08:32:10 PM |
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it's pretty funny to hear people in here using incompetence as Danny's only defense that he acted legally.
Some of the biggest businessmen in the world wrote-off their first company. This was a big gamble on the price of BTC. It didn't pay off. The market has lost how many Billion USD this year? It was not an easy market to do well in in Q1 2014. |
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bitcoin.newsfeed
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April 04, 2014, 08:32:16 PM |
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@Luttinen : What's your agenda here?
@mmeijeri post under mine : I don't think so, its impossible to pump this
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... Question Everything, Believe Nothing ...
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mmeijeri
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April 04, 2014, 08:32:56 PM |
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Pumping and dumping?
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ROI is not a verb, the term you're looking for is 'to break even'.
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velacreations
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April 04, 2014, 08:36:17 PM |
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I'm just surprised they had customers.
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bitcoin.newsfeed
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April 04, 2014, 08:39:42 PM |
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I'm just surprised they had customers.
I dont think they were classic customers ... iirc they never start taking funds from customers in branch, they could be "friends" of Brewster, who told him at meetings : "Danny, it looks nice, here you are 20K, buy us some Bitcom"(I have this kind of friends) ... but yeah, we'll see  |
... Question Everything, Believe Nothing ...
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mmeijeri
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April 04, 2014, 08:42:18 PM |
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@mmeijeri post under mine : I don't think so, its impossible to pump this
Fooling himself into believing he's fooling others? |
ROI is not a verb, the term you're looking for is 'to break even'.
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okaynow
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April 04, 2014, 08:48:38 PM |
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it would apparently seem so.
15 minutes for neoq, i'm quite intrigued.
Some have been aggressively gathering shares, now trading will start on an asset
that people suggest nobody is representing or steering/
Decentralisation at its finest, i say.
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1PeecNu1J8VNKpgR13nasMZWLcMZrwNJfc |
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smith1023
Newbie
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Activity: 32
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April 04, 2014, 09:01:26 PM |
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And so the dump begins
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jimmothy
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April 04, 2014, 09:04:13 PM |
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And so the dump begins
Literally giving shares away for free.. 2014-04-04 17:02:27 75 ฿0.00000001 ฿0.0000 2014-04-04 17:02:27 4227 ฿0.00000001 ฿0.0000 2014-04-04 17:02:26 2000 ฿0.00000001 ฿0.0000 2014-04-04 17:02:26 2300 ฿0.00000001 ฿0.000 |
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sporket
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April 04, 2014, 09:05:30 PM |
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mesmerizing...
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pedrog
Legendary
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April 04, 2014, 09:08:58 PM |
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okaynow
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April 04, 2014, 09:11:08 PM |
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havelock down heheh
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1PeecNu1J8VNKpgR13nasMZWLcMZrwNJfc |
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eiprol
Member
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Activity: 117
Merit: 10
bitarchitect
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April 04, 2014, 09:13:27 PM |
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what's the difference between giving away for free and selling for 0.000001?  Thank you lol |
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mmeijeri
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April 04, 2014, 09:18:16 PM |
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Market cap 291 BTC. Must be that Bentley.
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ROI is not a verb, the term you're looking for is 'to break even'.
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