NEO and BEE talk (unmoderated)

[jimmothy]

@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.

[pedrog]

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...

[NotoriousBIT]

Buy and hodl!  Don't miss the long-term investment opportunity!!

[velacreations]

it's pretty funny to hear people in here using incompetence as Danny's only defense that he acted legally.

[minerpart]

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?

[minerpart]

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.

[bitcoin.newsfeed]

@Luttinen : What's your agenda here?

@mmeijeri post under mine : I don't think so, its impossible to pump this

[mmeijeri]

Pumping and dumping?

[velacreations]

I'm just surprised they had customers.

[bitcoin.newsfeed]

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  

[mmeijeri]

@mmeijeri post under mine : I don't think so, its impossible to pump this

Fooling himself into believing he's fooling others?

[okaynow]

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.

[smith1023]

And so the dump begins

[jimmothy]

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

[sporket]

mesmerizing...

[pedrog]

[okaynow]

havelock down heheh

[eiprol]

what's the difference between giving away for free and selling for 0.000001? Thank you lol

[NotLambchop]

Up for me.

[mmeijeri]

Market cap 291 BTC. Must be that Bentley.