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Author Topic: Has The Bitcoin Foundation lost its fuckin' mind...  (Read 11719 times)
tocoolforschool
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May 03, 2014, 03:44:29 PM
 #41

to late!

Or people can just not use bitcoin-qt. Let the foundation play in their own bitcoin-qt only network.

It is just a private group of scammers and other kind of criminals, as other poster said their group name is just to cause confusion. But it is worrying 'cause as far as i know core developers are founding members of such group. We can't let bitcoin development in their hands.

 

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May 03, 2014, 09:35:20 PM
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Truth from a long time friend, enemy, business partner & competitor:

Pretty amazing the amount of damage someone can do with some fake facebook accounts. I have to wonder what the agenda is here and if it has something to do with the Bitcoin Foundations elections...or worse someone trying to hurt Bitcoin as Brock is one of the most outspoken people in the Bitcoin space.

I clicked on Brock's timeline on his real facebook for the supposed above dates and he was in Los Angeles, California and not in Spain. Don't let someone troll you with fake facebook accounts.
Instead of reading all this made up crap and coming up with a bad opinion I suggest you reach out to him and talk to him yourself.

The true facts are pretty simple:
- Brock was associated with Rector when he was a teenager. I don't know any details. I personally think he was a victim. He has never mentioned it and I don't bring it up.
- Think about this one: Brock was my #1 competitor. If I could have used it against him I probably would have if there was something to use.
- Most everything is about money. People sue and make stuff up to try to get you to pay something. Sadly this is how it is.
- If you noticed on the lawsuit on his partners suing Brock for cheating his partners I took no part of because it was mostly lies.
- Brock makes more money for his investors that you know. He might fail in 3 out of 4 of his companies but that fourth one makes so much money for his investors which is why they keep investing in them.
- People get fired from businesses which why you only hear their side of the story and its always negative.
- I can also guarantee you without a doubt is Brock is a lover of women (so much that I fear that it keeps getting him into trouble).

From someone who knows all the facts. There is some agenda being played out here. What a better way to take one of Bitcoin's star advocates and link him to Paedophilia. This is FUD in the worst possible way. Kiss




<the following is not in quote blocks for easy readability>

http://www.azzor.com/article/2006/05/general-news/truth-about-ige-and-gold-industry

The truth about IGE and the gold industry



Gold Selling.

To players like me, nothing is more corrupting than selling. In a virtual world where you are suppoused to earn your your status, some people like to take shortcuts, ruining the game for others (farming anyone?) After my recent post about what IGE owned, I got a lot of positive emails, thanking me for the info. With that feedback in mind, I decided to delve a bit deeper into IGE.

PLEASE NOTE: This has involved a lot of research. Archive.org, whois.sc WHOIS history, talking to people, investigating relationships. It has been an intensive process, and I have documented all that I could (and relied on reliable sources when I couldn't).

In the Beginning

IGE.com was originally used by an imagine processing company. Sometime in the middle of 2003, the company sprung up. While their original history is a bit muddled, the creation of the company is a bit quizzical. The company was founded by Brock Pierce, who was a child actor (his most famous movie being First Kid, with Sinbad). Originally based in Spain, the commpany moved to Hong Kong (I have verified by sources that is where they started). There was an internet rumor/article that later went on claiming that Brock's former partners (from a company called DEN) were infact child molestors. This culminated in the following vulgar flash video (NSFW). Some quotable news pieces:

DEN Founder Marc Collins-Rector Arrested in Spain After Two-Year Manhunt
- VentureReporter.net Monday, May 20, 2002, 4:15 PM ET
 

SIX-MINUTE SHOWS. Although they weren't named in the suit, DEN co-founders Chad M. Shackley, 24, and Brock Pierce, 18, also resigned. Company officials say they left with Collins-Rector because the trio is closely aligned and plans to start a new data-storage business.


As a (related) aside, DEN was one of the most spectacular flameouts on the web. An interesting read is the FuckedCompany board.

So Brock was management in a company that fleeced millions, happened to be in Spain where Collins-Rector was also, and then moved the company to HK right after he got arrested? Interesting bit of coincidences.

With that vulgar picture in mind, we take a break, and look at the original pioneer.

Gold Industry begins with Yantis

Selling virtual currency was nothing new when Brock came rolling in. eBay had tons of auctions for UO Gold (and still has quite a few). Yet what really got the market going was a Mr. Jonathan Yantis, of MySuperSales fame.

Originally starting with EverQuest, Yantis (as he was referred to) quickly became a villian in the game. Looking to broaden his appeal, Yantis bought out Monkly-Business, which was the favorite hangout for EQ Monks. Gaining more traffic from this, he then expanded and bought out Luclin.com and Prexus.com

What ensued was a firestorm. While M-B had been left alone, Yantis directly moderated the newly bought boards. Removing all bad press about himself, and seeding in threads about how great his service was, the two sites were completely dead within weeks, all links changing from the original sites to newly ones created by users. Yantis had tried using his money to buy part of the market, and he had failed.

This all happened before IGE even existed on the radar.

At this time, Yantis had successfully become the biggest player in the market. Dominating the marketplace at PlayerAuctions.com (Sony had successfully gotten eBay to remove all EQ auctions, and thus people used this site instead), he had also begun to aggressively advertise on other sites. With a 10% comission and a rumored 40% profit margin, Yantis was sitting pretty.

Then came IGE. Well-financed, the company started making inroads into the market. A professional service equal to Yantis, they started to gain market share.

Yantis was not sitting idly. For all the money he (and IGE) were making, their exposure was still very little. He owned a few sites, advertised on a few (but none of the big ones), and was paying quite a bit to advertise through Google and and Goto/Overture. It was with the introduction of IGE that in late 2002 Yantis started playing the SEO game.

A lot of SEO (search engine optimization) can be cast as spam. Stuffing their page with keywords, buying links from pages with high PageRank, these specialists game the system so that their sites show up on top of search engine results. (Please note: A lot of SEOers are great people, who don't spam or whore sites. But an equally large portion is a shady underbelly of the internet).

Suddenly Yantis was getting tons of traffic from search engines. He even broke top 10 on google for the word 'everquest', displacing quality sites with his platinum-selling storefront.

So while Yantis was rapidly getting new customers, whats a competitor to do?

And so begun a movement engineered by IGE to discredit Yantis. While Yantis was marked as being an individual using exploits and dupes to create gold, IGE set themselves up as the 'conscientous' choice, a good and moral company that didn't employ and farmers and just paid wholesalers.

Yes, I'm serious. The sentiment actually shifted with Yantis being blamed for all of EQ's ills and IGE looked up as a 'good' alternative.

But that didn't stop Yantis. Far from it. He kept growing and growing. IGE was also growing (and building contacts with game providers), but was still second to Yantis.

And so this continued until end of 2003. Suddenly MySuperSales went offline. Was all that money making just a mirage?

Not even close. While I cannot trace it specifically to IGE, the attack worked. Whois history shows Yantis suddenly moving to Rackspace after the worm was identified. You can see that Symantec marked its distribution high, so whoever put this out did a good job. Almost sounds like online rackateering.

But this worm was just a preview of the upcoming fierce battle.

Yantis begins acquiring MMO websites

Around New Year's of 2004, while everyone at SOE was busy eating and sleeping, Yantis announced the acquisition of a few sites. Starting with EQBeastlord and EQDruids, the sites had suddenly sold out to Yantis. But this time, instead of moderating the forums, Yantis opted to just stick his banner on the site, and leave it alone. A smart move - most newbies would end up just viewing the content anyway, missing all the bitching happening in the forums. And since he wasn't moderating the sites, a lot of the links never got removed.

And so began a movement that finally broke down the barrier and made currency selling common.

Happy with the results from the first days, Yantis started snapping up websites left and right. Before SOE even new what had happened, half a dozen class websites were under Yantis' ownership. And he wasn't done - not even close. Over the next few weeks, deals were made, only to be broken by IGE waving around money. The peak (with EQ) came with interealms.com - the largest forum community, it suppousedly went for over $50,000. What made this even more nuts was that Yantis had already bought and paid for the site. The owner actually returned the wire transfer and stated that Yantis, enraged with what had happened, actually threatened to sue him for breach of contract.

Along the way, in continuing to develop its relationship with game developers, IGE hired Themis Group, an MMO consulting company. After a fierce backlash, the company removed all signs of the deal ever having occured. Themis Group also owns the WarCry Network.

That never happened, as what happened next blew most people's minds.

IGE buys out Yantis

In the middle of this frenzy, where Yantis acquired 75% of the websites, IGE 25%, and SOE only moving to help out EQInterface (paying them over $10k/month!), a stunning announcement came: IGE had purchased MySuperSales.

Announced on January 22, 2004, the rumored value was that IGE had paid $10 million to Yantis. Of course, my sources confirmed this was not true. Instead what had happened was that Yantis (whose revenue was actually twice that of IGE) had not only realized that his image was tarnished, but also that with them competing with each other and the market growing, it was easier (and likely more profitable) to work together. The end result was that MySuperSales (a brand with a negative stigma) ceased to be actively promoted. In turn, Yantis became the biggest shareholder in IGE, and IGE started to use his backend (and suppliers). So much for the 'Yantis is an exploiter' idea. A funny aside is that IGE had used a lot of money to lure people from Yantis' side to IGE. These people were promptly fired.

At this time IGE had now become a juggernaut. With their management team (Brock as deal-making/schmoozing CEO, Alan as the president, Yantis for strategy/existing infrastructure, and Randy as their general counsel), IGE continued to grow while devouring its competition.

IGE's only visible competition at this time was Team-VIP. Suppousedly holding out for a million dollars, the company was suddenly engulfed by fraud and ceased to exist. The domain and site are now backup again, except this time owned by IGE.

At the same time, IGE had continued buying up marquee sites. While snapping up large sites like L2orphus.com for a reported $5000 (and generating that much in sales every day), the big payday came when IGE successfully purchased ThottBot. By far the most popular WoW website, it went for a reported $100,000, with Bill (Thott) hired at a $100,000/year salary. Not only did this give IGE the most trafficked MMO site on the internet, it also gave it a lot of leverage against Blizzard.

While all this was happening, IGE was still busy expanding. Hiring well-connected talent from other companies (such as Stephen Salyer, a Vice President at both Ubisoft and EA). This was a concentrated effort by them - connect and brand with users through MMO websites, and connect and establish relationships with developers through their hired executives.

And all around this time came the acquisition of OGaming. An upcoming network, IGE's latest purchase continued the trend of buying their way to prospective gold-buying customers. RPG Holdings was created as a new company that owns all MMO-fansite assets. IGE began to start advertising in magazines, and worked hard to hide the ogaming<-->IGE connection, and the Thottbot<-->ogaming connection. To their dismay, this relationship was exposed.

To further a positive image within the MMO community, a fake interview was put up on OGaming to push their agenda (this has since been deleted, but can still be viewed in the internet archive ).

Present Day

Today IGE stands as a monsterous multimillion dollar operation with a stranglehold over the MMO gold industry. Some recent events of interest to gamers include:

IGE made a fake bid of $60k a few months back for a vanguard site just to confuse/scare Sigil Games.

IGE has acquired key domains, including ffxi.com, daoc.com, mxo.com, eq.com

Yantis leaves the company, suppousedly 36 million dollar payday (but over 3 years).

IGE acquires other companies, including Enotts and ezgaming

Originally working on deals with SOE, Linden Labs, and WB, all three fall through as SOE launches its own system, Linden does its own thing, and WB sells MxO to SOE.

IGE continues picking up executives from Yahoo! and Vivendi Universal (owners of Blizzard) (press page)

IGE, suppousedly bleeding money and unable to afford Yantis payment (estimated 1 million/month) releases him from non-compete. Yantis creates GamerKing, with a wholesale deal with IGE, and immediately starts stealing away IGE affiliates and trying to buy out websites.

Mogs and Lewt emerge as new competition, IGE talking to both Mogs and Lewt about a buyout.


If that isn't enough activity for you, here's the big news:

IGE acquires Allakhazam.

The deal happened in complete secrecy in about November 2005. Even many IGE employees were kept in the dark of the deal that was almost certainly worth millions.

IGE's OGaming had been bleeding money, and IGE was looking for a new website strategy. After adding gold currency ads to sites like thottbot and Ogaming, IGE shopped Ogaming around to investers but no one bought in. Thottbot and OGaming take up over 100 servers.

The Spin

Working to integrate all of their web properties (Ogaming, Thottbot, and Allakhazam), IGE today announced plans to create a new super-network, Zam.com. This new MMO network is being spun to the community as if Allakhazam had purchased Ogaming when it was himself who was bought out. We thought the truth should be known.

Read Allakhazam's spin for yourself.


UPDATE :  WoWHead.com is aquired by Affinity Media and joins the ZAM Network of IGE owned websites.

UPDATE November, 2008:  Wired.com has posted a write up about the "The Decline and Fall of an Ultra Rich Online Gaming Empire" as it details more about the fate of IGE and a bit of an eye into the whole dark world of virtual gold and item selling.

UPDATE August, 2009: China bans gold farming and selling
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May 03, 2014, 10:50:58 PM
 #43

I read on the news something about a "Bitcoin CEO" allegedly committing suicide. Then in various forum posts users stated that she in fact ran a company that traded in video game currencies.

Does this incident fit into the picture somehow?
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May 03, 2014, 10:59:43 PM
 #44

Bruno K.: No way I am going to feed the trolls here. I have no doubt I would lose as anyone who reads these forums know that you are the King of Trolls =).

P.S: For fun on your posts on me (I know you spent a lot of time researching my posts to troll me so I will reply this one time).
- Black Arrow guys actually refunded 2/3rds of my money. So Kudos to them.
- Not sure what that second part is about. I can't even put it in context as I didn't write it.
- F*CK KnCMiner

Also, just to take the high road here: I sent 10 BTC over to Sean's Outpost.
https://blockchain.info/tx/ffe9742f16126262f0b7f534d6d63a9c27d7ee77ff492427b3d45a7a4195ea9e

Are you smoking crack? Kudos to Black Arrow? Fucking scam company hasn't delivered shit while KnC has delivered profitable miners.
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May 03, 2014, 11:12:18 PM
 #45

Notbatman:

- On BlackArrow all I know is I bought 100 units from them and they refunded 2/3rds of my money when I asked them (they were no longer profitable and they had some shipping delays) and they didn't have to do the refund but they did. They shipped me approximately 40 FPGA miners which worked great. Since that time I have no idea what they are doing. The experience I had with them went well. So Yes kudos to them for that.

- On KNCMiner. I bought around 40 units from them (actually did the very first pre-order with them or at least this is what they told me). Didn't get a single one. It is a long story but to say the least I wasn't happy with the ending.

You may and others may have had a bad or good experience with either of the companies. I am just relaying my experience with them.
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May 03, 2014, 11:14:37 PM
 #46

Bruno K.: No way I am going to feed the trolls here. I have no doubt I would lose as anyone who reads these forums know that you are the King of Trolls =).

P.S: For fun on your posts on me (I know you spent a lot of time researching my posts to troll me so I will reply this one time).
- Black Arrow guys actually refunded 2/3rds of my money. So Kudos to them.
- Not sure what that second part is about. I can't even put it in context as I didn't write it.
- F*CK KnCMiner

Also, just to take the high road here: I sent 10 BTC over to Sean's Outpost.
https://blockchain.info/tx/ffe9742f16126262f0b7f534d6d63a9c27d7ee77ff492427b3d45a7a4195ea9e

Are you smoking crack? Kudos to Black Arrow? Fucking scam company hasn't delivered shit while KnC has delivered profitable miners.

At first, the millionaire Yantis said he purchased 100 rigs, then later stated he purchased 40 rigs in the same thread months later, with said posts to bring cred to BA.

I read on the news something about a "Bitcoin CEO" allegedly committing suicide. Then in various forum posts users stated that she in fact ran a company that traded in video game currencies.

Does this incident fit into the picture somehow?

You need to read this post: https://bitcointalk.org/index.php?topic=589304.msg6519637#msg6519637
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May 03, 2014, 11:34:40 PM
 #47

Notbatman:

- On BlackArrow all I know is they refunded 2/3rds of my money when I asked them and they didn't have to and they shipped me approximately 40 FPGA miners. Since that time I have no idea what they are doing. The experience I had with them went well. So Yes kudos to them for that.

- On KNCMiner. I bought around 40 units from them (actually did the very first pre-order with them or at least this is what they told me). Didn't get a single one. It is a long story but to say the least I wasn't happy with the ending.

You may and others may have had a bad or good experience with either of the companies. I am just relaying my experience with them.

KnC came onto the scene on April, 8, 2014. No where in the following you mention a purchase from KnC, yet your Sunlot partner, Brock Pierce, has a vested interest in them:

Topic: Buying ASIC Units in bulk - 1 million USD budget

UPDATE 6/9/2013:

Thanks again to everyone who reached out to me. I ended up picking up 17 Avalon units in total - 71 GH/s each  (1.2 TH/s of total mining power) and still have well over half to invest in other stuff.  We physically picked these up most of these to avoid any risks.

I am still interested in your units if the price is really good though more interested in ASIC companies that can deliver. My partner and I are looking to deploy about $250,000 USD per week over the next several months so please reach out if you can deliver and when and what it would take to get first batch delivery.



I am looking to buy hardware in hand (not pre-order) a good example would be today I am paying $XX USD for three module Avalon ASIC unit (68 to 72 GH/s). I feel these are a bit overpriced and with the difficulty going up so fast I won't buy to many at this price but am buying some now.

I am hoping  for a Chinese company that makes ASIC units wants a quick million USD for hardware they have in hand that they are most likely mining with now and don't want to risk the difficulty raises or upcoming ASIC onslaught but will also buy small single unit orders.

I prefer to buy in the USA for small orders but if its a big order (over 250k) I will fly to your country. I have done a lot of business in China and even lived there a while so I have no problem going to the PRC either. So if you are a Chinese supplier and can deliver now even better.

Payment: Will be done via USD wire transfer not BTC. There are several reasons for this:
- Its harder than you think for a US citizen to convert a million dollars into BTC
- Due to current laws I don't have a lot of legal recourse if I pay with Bitcoin vs a national currency.
- For tax purposes its a lot easier to write off a million dollar hardware charge than a million dollar Bitcoin charge.

History: I have done a few buys on the forums: 100 Lancelot units from Black Arrow, 80 USB Block Erupters, and one Avalon batch 3 pre-order paid in full for 14k. The block erupters scale decently well using Raspberry PIs see my post here https://bitcointalk.org/index.php?topic=137934.msg2345214#msg2345214 though are to expensive and I am looking for more scale.

I also wanted to point out I did this trade here: https://bitcointalk.org/index.php?topic=209471.msg2242450#msg2242450

Apart from this I used to sell virtual currency as far back as 1997 with games like Ultima Online, Everquest and World of Warcraft. At one point were were doing over 10 million USD in sales a month before I got out of the space so am no stranger to virtual currencies. More info on Google since its not really related to this post.

You can PM me, email me at yantis@yantis.net or skype me at jonyantis or via wechat : yantis

From what I've ascertained from reading your posts, your bottom line is paramount yet, as a principal of Sunlot, you, et al. want to come across as looking out for Mt Gox's customer's best interest.

FYI, you and Brock Pierce become lifetime members of The Bitcoin Foundation at exactly the same time as seen here: https://members.bitcoinfoundation.org/current (the list was generated left to right, top down)
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May 03, 2014, 11:35:56 PM
 #48

to late!

Or people can just not use bitcoin-qt. Let the foundation play in their own bitcoin-qt only network.

It is just a private group of scammers and other kind of criminals, as other poster said their group name is just to cause confusion. But it is worrying 'cause as far as i know core developers are founding members of such group. We can't let bitcoin development in their hands.
The Bitcoin Foundation pays Gavin and other developers to contribute to the protocol and client. Without the foundation, Bitcoin development and growth would decrease dramatically. Heartbleed could have been avoided if more donations were made to the OpenSSL foundation. If you want to stop using bitcoin-qt go ahead...you are still using the blockchain. I encourage both of you to donate to either of these foundations and keep your insipid drivel out of the forums.
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May 03, 2014, 11:44:10 PM
 #49

https://bitcointalk.org/index.php?topic=223248.msg2431659#msg2431659

Quote
What worries me are the people not on the list. Stuff like the Coinlab secret mine and the the massive growth to networking power in the past 10 days that is unaccounted for and real ASIC (non Bitcoin) players getting into this space.

KnC's secret mega-phram, now with 7,000+ miners, and counting, and churning strong, didn't worry you much while your partner, Brock Pierce, was investing in them.

Having their own private exchange to liquidate their mined BTC is not really looking out for bitcoiner's best interest, I don't believe.

BTW, did you take a look at the latest discovered funny? http://web.archive.org/web/20060208124607/http://www.fuckedcompany.com/den/ I've already viewed it three times, ready to watch it again right after I hit the post button.

Screenshot teaser below:

https://farm8.staticflickr.com/7385/13913396620_a89c652dec_b.jpg


MOD NOTE:
Removed embedded NSFW image...
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May 03, 2014, 11:59:21 PM
 #50

Goddamn the mainstream media for spreading fud for the past 14 years!

http://www.mediawiredaily.com/2007/10/wow-that-kid-from-that-kid-movie-is.html

Quote
Wow! That kid from that "First Kid" movie is a pervert

We can't say any of us can remember the movie (clears throat) but Brock Pierce who stared as the president's spoil son living in the White House with comedian Sinbad as his bodyguard/nanny, in the movie "First Kid"was one of the founders of an early online entertainment company called Digital Entertainment Network otherwise known as DEN. DEN was a star of the early Internet bubble producing online only broadcasts. Investors flocked to their parties to get in on the action hoping for a huge return. But there was a dark and perverted side to the over hyped web start up, that would soon bring Den to its knees and put it's founders including Brock on the run for some time. It is believed the company was basically set up as a front to attract young naive young boys who were promised instant stardom, money and lots more. However the only thing they got was butt raped and abused allegedly at the hands of teen actor (at the time) Brock Pierce and his older and more perverted partner Collins-Rector and another individual. Rector was the only one charged. The company's most popular program had an all boys cast which included dick headed actor Sean Willam Scott (whose people, declined to comment on the story in Radar) called "Chad's World" a show for gay teenagers, which an industry observer called a "gay pedophile version of Silver Spoons". Below is a clip of "Chad's World"

Pierce is now a major shareholder in IGE, a well-known MMORPG gold-selling company,and was the chairman of Affinity Media, a company which owns a variety of MMORPG-oriented websites. On June 26, 2007, it was announced that Pierce decided to resign as CEO of Affinity Media. Pierce will remain an adviser and a board member of Affinity Media.
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May 04, 2014, 12:13:26 AM
 #51

The Wall Street Journal doesn't mess around.
We have been alerted to accept our new generation of leaders, because they have arrived with a bold plan to assume control.

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May 04, 2014, 12:25:10 AM
 #52

The Wall Street Journal doesn't mess around.
We have been alerted to accept our new generation of leaders, because they have arrived with a bold plan to assume control.

Does the bold plan include alt coins as well? Wait till you discover who the registrar for https://dgex.com/ is:

Quote
Domain Name: dgex.com
Registry Domain ID: 99321791_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.srsplus.com
Registrar URL: http://www.srsplus.com

Updated Date: 2013-12-22T00:00:00-0500
Creation Date: 2003-06-18T02:55:44-0400
Registrar Registration Expiration Date: 2014-06-18T00:00:00-0400
Registrar: TLDS, LLC DBA SRSPLUS
Registrar IANA ID: 320
Registrar Abuse Contact Email: abuse@web.com
Registrar Abuse Contact Phone: +1.8773812449
Reseller:
Domain Status: clientTransferProhibited
Registry Registrant ID:
Registrant Name: Graviton Capital Inc. Tech Administrator
Registrant Organization:
Registrant Street: 34-20 Calle 34
Registrant City: Panama City
Registrant State/Province:
Registrant Postal Code: 5
Registrant Country: PA
Registrant Phone: +507.2066664011

Quote
DGEX will support multiple cryptocurrencies in the future. The software of DGEX was produced by the owner and has been in use for numerous private share trading platforms since 2000. It was deployed for BTC / NXT trading in November 2013.
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May 04, 2014, 01:41:36 AM
 #53

The Wall Street Journal doesn't mess around.
We have been alerted to accept our new generation of leaders, because they have arrived with a bold plan to assume control.

Does the bold plan include alt coins as well? Wait till you discover who the registrar for https://dgex.com/ is:


Pssst .. they are the ones who created them. eg. cryptos are the cashless society the elitist pedo warpigs have been dreaming about for centuries.

Was it mere coincidence that ASICs came to light not long after the devs had their meeting(s) with the CIA ?

Who do you think is presently easymining BTC and LTC with these mega-terrahash farms ?

BTC hashrate distribution  http://blockchain.info/pools?timespan=4days







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May 04, 2014, 02:36:38 AM
 #54

...or have they opted to not do their due diligence when they included Brock Pierce on the list?

They already lost two members due to scandals, one of which I love, while the other is French. Now, they're buckin' for adding another to their venerable org covered with taint (double-entendre intended).
While they are at it, how about inviting Bruce Wagner back and moving their HQ to Pattaya?
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May 04, 2014, 03:09:59 AM
 #55

...or have they opted to not do their due diligence when they included Brock Pierce on the list?

They already lost two members due to scandals, one of which I love, while the other is French. Now, they're buckin' for adding another to their venerable org covered with taint (double-entendre intended).
While they are at it, how about inviting Bruce Wagner back and moving their HQ to Pattaya?





Our movement is open to everyone?


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May 04, 2014, 03:27:24 AM
 #56

...or have they opted to not do their due diligence when they included Brock Pierce on the list?

They already lost two members due to scandals, one of which I love, while the other is French. Now, they're buckin' for adding another to their venerable org covered with taint (double-entendre intended).
While they are at it, how about inviting Bruce Wagner back and moving their HQ to Pattaya?

This Pattaya place you mentioned sounds like a great place to hold a Bitcoin conference: https://bitcointalk.org/index.php?topic=39476

Meanwhile, on the Bruno's-just-spreading-fud front:

http://www.thegrouchygamer.com/?p=94

Quote
Scott Jennings is a blogger. His blog, Broken Toys, is one that I have read as long as I have been reading blogs. He recently posted an article about the legal battle going on between Alan Debonneville and Brock Pierce, a couple of the principles at IGE. Here’s where the irony part kicks in.

Pierce, who made a fortune thumbing his nose at legalese and violating the EULAs of pretty much every MMO company out there, has sicced his lawyers on Jennings and have demanded that he remove his article. He’s going to comply today. I wanted to bring these bullying tactics to your attention, so you have some perspective of the kind of people that are running these operations. Keep in mind when you read this, IGE has always been considered one of the CLEANER operations out there.

Thanks to Ryan Shwayder over at Nerfbat for bringing this to my attention this morning. Here’s to piling on. I’ll let you know if I am subjected to the same kind of bullying as Jennings was. Here is a mirror of Jenning’s post. Note: Many of these links are broken, probably because of the lawyers demanding they are taken down… Here is Scott’s original post;

“MMOcitizen.com, a website operated by the law firm currently bringing a class action lawsuit against IGE, obtained and published a copy of a complaint in another lawsuit involving IGE: this one brought against former CEO Brock Pierce last year by co-founder Alan Debonneville.

For almost 5 years, Debonneville has dedicated his entire life to the creation, development, and success of IGE US, LLC (”IGE”). IGE’s meteoric rise from an under funded startup to the market leader culminated in a Goldman-Sachs investment of $60,000,000, which set the value of IGE at the time of $220,000,000. While Pierce, a flamboyant former child actor, has always been the public face of IGE, Debonneville has been the tireless working founder, responsible for the expansion and operation of the company.
The filing goes into great detail about IGE’s rise and fall from Debonneville’s point of view, with, just in case you weren’t already glued to your PDF files, added dirt from the dot-com-money-and-man-boy-love days of DEN.

After living and working in Spain for a few months, Debonneville observed that Rector and Pierce had a very close relationship, one that did not seem normal between a 40-year old man and a 20-year old young man…

…Apparently, there were a multitude of charges related to the prior operation of a company specifying that Pierce, Rector, and Shackley had stolen money from the company and wasted corporate assets for things like the purchase of illicit drugs, living a lavish lifestyle, and criminal allegations of transporting a minor across state lines for sexual purposes. Upon learning this information, Debonneville questioned Pierce regarding the allegations, and Pierce stated that the claims were false and contrived as a setup by some competitors and former employees…
Wild enough? It gets… something. Worse? Better? Uwe Boll?

Debonneville was told by Pierce that the “Spanish FBI” came to their house with a “SWAT” team in helicopters, kicked in their door, shot their dog, and threw all of them in jail.
The complaint eventually leaves the Mallorca Vice portion of history and gives a breezy history of much of what we knew already – IGE’s quick rise and huge cash infusions, and the use of that in a quest to purchase respectability through hiring executives and purchasing websites. Eventually, it all falls apart around the time of the Goldman Sachs investment as the principals began to fall out over arguing over how to divide up the huge amount of stock, which is dealt in the document (from Debonneville’s viewpoint, of course) in point-by-point detail.

Debonneville was starting to discover that Pierce had not only lied to Debonneville about the Yantis Stock Repurchase, but also that Pierce had benefited personally to the detriment of Debonneville from the Salyer and Maslow sale of stock. Of course, Debonneville was shocked to learn that Pierce had sold any of Pierce’s stock in IGE…

…On July 14, 2006, in an apparent attempt to convince Debonneville that his interest in IGE was becoming worth less and less money, Debonneville was sent an article regarding a crackdown on the sale and purchase of game items for cash in Korea. The implication was that IGE’s recent acquisition of Itemmania, a Korean online house, was going to be a failure. In hindsight, it appears that this was just another one of Pierce’s attempts to manipulate Debonneville into selling his stock to Pierce for a less than fair value, certainly for less than Pierce realized on the sale to Maverick. Today, it is likely that this may in fact be IGE’s most valuable remaining asset…

And just in case you started nodding off with tales of stock screwballery… enter everyone’s friend in space, Jonathan Yantis.

Yantis also advised Debonneville that if a deal was not reached with IGE, Yantis had already put a network in place to compete with and destroy IGE. Yantis stated that through the hiring of certain individuals who he had a long time business relationship with, Yantis would sell currency that had been exploited or duped.

Exploiting or duping is a process whereby an outsider hacks the game program into creating currency for the individual or duplicating an item and then selling it over and over which also results the creation of currency. These actions allow for the exploiter/duper to create an endless supply of currency without any real cost to that currenct. This is something Yantis has done in the past and made large profits from. The exploiter/duper would typically receive a commission for any currency sold of about 40% of the sales price. Due to the currency being exploited, Yantis was and would be able to sell currency at a price significantly below market, since the cost of the currency sold was non existent. This also allowed for an infinite supply to be created in what could take as little time as a few minutes.

Yantis indicated that this was also how he could turn the trading arm of IGE around and make it profitable, almost instantly. Pierce was aware of Yantis’ intent to use these exploits. In fact, Pierce counted on them as part of the rationale behind why Yantis should be brought back to work for IGE.


A clearer explanation of the toxic effects of RMT on online gaming has yet to be written. (I know. I tried.)

I’m sure that as this hits the commentariat there will be more to be said. Oh, there will be more.

Pass it on.

Quick aside: Each time I see the phrase "Pass it On" I'm reminded of my dear friend who's no longer with us: http://www.nashvillemusicguide.com/writers-night-legend-steve-bivins-battles-cancer/

http://brokentoys.org/?p=1780

Quote
YANTIS ON THIS WEEK’S “I, CRINGELY”

A surprisingly informed, evenhanded look at virtual arbitrage from the PBS columnist. <--THIS IS A LINK!

The specific event that led to this column was the failed sale of $2,300 in platinum by a group of EverQuest fanatics who wanted to use the money to pay their way to a big EverQuest convention. It is their contention (not mine, I’m just the reporter here, remember) that the bad guy in this deal is either Jonathan Yantis or an associate of his. Jonathan Yantis runs Yantis Enterprises, which was until recently the big competitor to IGE for the buying and selling of this stuff that isn’t real. Yantis is in San Diego, IGE is in Florida, and earlier this year they merged with IGE buying Yantis, though the web sites (they are both in this week’s links) remain separate.

The players who came to me sold their platinum through a game-specific auction site. The deal went forward exactly as described above, and they suddenly had no platinum and no money. Wily hackers that they are, they tracked the mail records of the only trail that did exist, the e-mails arranging the exchange, and claim to have found that the buyer’s IP address was from the same range used by Yantis Enterprises. Further, they explored the qualifications of the “PayPal Verified” buyer and claim that most of the positive feedback came from Jonathan Yantis. Finally, they claim that the day after the transaction, the Yantis price to sell platinum on their EverQuest server suddenly dropped as though there was suddenly a larger supply acquired at little or no cost.

These players are fervent and angry and they have some real data so what happens now? Not much, and that is probably the real topic of this column.
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May 04, 2014, 03:33:35 AM
 #57

...or have they opted to not do their due diligence when they included Brock Pierce on the list?

They already lost two members due to scandals, one of which I love, while the other is French. Now, they're buckin' for adding another to their venerable org covered with taint (double-entendre intended).
While they are at it, how about inviting Bruce Wagner back and moving their HQ to Pattaya?





Our movement is open to everyone?



I wasn't aware until now that Bill Clinton's dick resembled a microphone. That explains a few things.




"I approve this post!"
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May 04, 2014, 04:32:17 AM
 #58

....
...Yantis would sell currency that had been exploited or duped.

Exploiting or duping is a process whereby an outsider hacks the game program into creating currency for the individual or duplicating an item and then selling it over and over which also results the creation of currency. These actions allow for the exploiter/duper to create an endless supply of currency without any real cost to that currenct. This is something Yantis has done in the past and made large profits from. The exploiter/duper would typically receive a commission for any currency sold of about 40% of the sales price. Due to the currency being exploited, Yantis was and would be able to sell currency at a price significantly below market, since the cost of the currency sold was non existent. This also allowed for an infinite supply to be created in what could take as little time as a few minutes.

Yantis indicated that this was also how he could turn the trading arm of IGE around and make it profitable, almost instantly. Pierce was aware of Yantis’ intent to use these exploits. In fact, Pierce counted on them as part of the rationale behind why Yantis should be brought back to work for IGE.


A clearer explanation of the toxic effects of RMT on online gaming has yet to be written. (I know. I tried.)

I’m sure that as this hits the commentariat there will be more to be said. Oh, there will be more.

Pass it on.


Hey what a small world!
That scammer who (allegedly) cheated the games has the same username as the guy who popped in to claim Brock Rectum Pierce is a good "innocent" guy.
What are the odds that a person from the Bitcoin Foundation would just happen to have the same online name?

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May 04, 2014, 04:45:45 AM
 #59

....
...Yantis would sell currency that had been exploited or duped.

Exploiting or duping is a process whereby an outsider hacks the game program into creating currency for the individual or duplicating an item and then selling it over and over which also results the creation of currency. These actions allow for the exploiter/duper to create an endless supply of currency without any real cost to that currenct. This is something Yantis has done in the past and made large profits from. The exploiter/duper would typically receive a commission for any currency sold of about 40% of the sales price. Due to the currency being exploited, Yantis was and would be able to sell currency at a price significantly below market, since the cost of the currency sold was non existent. This also allowed for an infinite supply to be created in what could take as little time as a few minutes.

Yantis indicated that this was also how he could turn the trading arm of IGE around and make it profitable, almost instantly. Pierce was aware of Yantis’ intent to use these exploits. In fact, Pierce counted on them as part of the rationale behind why Yantis should be brought back to work for IGE.


A clearer explanation of the toxic effects of RMT on online gaming has yet to be written. (I know. I tried.)

I’m sure that as this hits the commentariat there will be more to be said. Oh, there will be more.

Pass it on.


Hey what a small world!
That scammer who (allegedly) cheated the games has the same username as the guy who popped in to claim Brock Rectum Pierce is a good "innocent" guy.
What are the odds that a person from the Bitcoin Foundation would just happen to have the same online name?

It's the same guy, of which he confirmed such last year, thus is not in dispute. Like I said, him and Brock both became lifetime members of The Bitcoin Foundation at the same time, him first, then Brock, for the list was generated via joining date and not alphabetically.

Ironically, one embraces KnC while the other kicks them to the curb, meanwhile both are part of Sunlot destined to take over Mount Coxs.
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May 04, 2014, 05:54:04 AM
 #60

The Wall Street Journal doesn't mess around.
We have been alerted to accept our new generation of leaders, because they have arrived with a bold plan to assume control.

Does the bold plan include alt coins as well? Wait till you discover who the registrar for https://dgex.com/ is:

Quote
Domain Name: dgex.com
Registry Domain ID: 99321791_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.srsplus.com
Registrar URL: http://www.srsplus.com

Updated Date: 2013-12-22T00:00:00-0500
Creation Date: 2003-06-18T02:55:44-0400
Registrar Registration Expiration Date: 2014-06-18T00:00:00-0400
Registrar: TLDS, LLC DBA SRSPLUS
Registrar IANA ID: 320
Registrar Abuse Contact Email: abuse@web.com
Registrar Abuse Contact Phone: +1.8773812449
Reseller:
Domain Status: clientTransferProhibited
Registry Registrant ID:
Registrant Name: Graviton Capital Inc. Tech Administrator
Registrant Organization:
Registrant Street: 34-20 Calle 34
Registrant City: Panama City
Registrant State/Province:
Registrant Postal Code: 5
Registrant Country: PA
Registrant Phone: +507.2066664011

Quote
DGEX will support multiple cryptocurrencies in the future. The software of DGEX was produced by the owner and has been in use for numerous private share trading platforms since 2000. It was deployed for BTC / NXT trading in November 2013.

Connecting the dots, srsplus.com and silkroad.com are one and the same.

http://www.ibtimes.com/mt-gox-may-rise-again-if-wall-street-veterans-burned-bitcoin-traders-get-their-way-1574092

Quote
Sunlot boasts a broad and experienced range of investors, including online businessmen Brock Pierce and Jonathan Yantis, and venture capitalists William Quigley and Matthew Roszak, from Clearstone Venture Partners and Silk Road Equity, respectively.

http://www.silkroadequity.com/contact.html

Quote
20 West Kinzie Street, Suite 1420
Chicago, Illinois 60654
USA

http://www.whois.com/whois/silkroad.com

Quote
Domain Name: silkroad.com
Registry Domain ID: 604884_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.srsplus.com
Registrar URL: http://www.srsplus.com
Updated Date: 1993-04-20T00:00:00-0400
Creation Date: 1993-04-20T00:00:00-0400
Registrar Registration Expiration Date: 2015-04-21T00:00:00-0400
Registrar: TLDS, LLC DBA SRSPLUS
Registrar IANA ID: 320
Registrar Abuse Contact Email: email@web.com
Registrar Abuse Contact Phone: +1.8773812449
Reseller:
Domain Status:
Registry Registrant ID:
Registrant Name: DNS Admin
Registrant Organization: SilkRoad Technology, Inc.
Registrant Street: 20 West Kinzie Street Suite 1220
Registrant City: Chicago
Registrant State/Province: IL
Registrant Postal Code: 60654
Registrant Country: US
Registrant Phone: +1.8663293363

http://www.marketwatch.com/story/to-secure-your-bitcoins-print-them-out-2014-02-26

Feb. 26, 2014, 11:10 a.m. EST

Quote
But even the biggest bitcoin fans recommend a real wallet or physical safe. “Printing off the private key from your bitcoin, putting it into a paper form and sticking it in your hip pocket or house wall safe is one way to make sure it’s safe,” says Andrew “Flip” Filipowski, chairman and CEO of SilkRoad Equity, a cloud-based human capital management software company. “Keep your bitcoin offline,” Daley adds. He too suggests keeping the bitcoin private key—a secret number that allows bitcoins to be spent—on a thumb drive and advises against keeping a copy online: “If a site is hacked and your bitcoin is stolen, the chance of recovery is effectively nil.”

...

Filipowski says picking a digital wallet is like picking a bank. “You could find a wallet that you have more confidence in,” he says. Several companies this week issued a joint statement on Mt. Gox: “As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today.” The signees included Fred Ehrsam and Brian Armstrong, founders of Coinbase, a digital wallet and exchange; Jeremy Allaire, CEO of Circle Internet Financial, a bitcoin-focused technology startup; and Nicolas Cary, CEO of Blockchain, a digital exchange and wallet.

http://web.archive.org/web/20051124170914/http://www.silkroadequity.com/investment__portfolio/index.htm

Quote

PrimaryTracking  (www.primarytracking.com)

Primo Water  (www.primowater.com)

SilkRoad Realty Capital  (www.silkroadrealty.com)

SilkRoad technology  (www.silkroadtech.com)

SolidSpace  (www.solidspace.com)

TrueSentry  (www.truesentry.com)

truesnetry.com is now http://www.truelook.com/, ergo http://web.archive.org/web/20051201030550/http://www.truesentry.com/?



BTW, Google shares the same address: http://www.google.com/about/company/facts/locations/

Quote
Google Chicago
20 West Kinzie St.
Chicago, IL 60654
Phone: +1 312-840-4100
Fax: +1 312-840-4101

http://www.nytimes.com/1999/08/01/business/private-sector-a-maverick-has-plans-for-chicago.html

Quote
ANDREW J. FILIPOWSKI, the maverick software entrepreneur who sold Platinum Technology International to Computer Associates last month for $3.5 billion, was reclining in his limousine on Tuesday, listening to his voice mail and shooting off responses -- ''Barbara, can you check on this right away?'' -- on his way downtown. Between calls, Mr. Filipowski told a reporter that his next challenge was to turn Chicago into a ''center for cyberspace,'' which is why he was on his way to meet Mayor Richard M. Daley. On Wednesday, it was Gov. George Ryan.

I'm sure "Flip" has Google's ear.

Now, about that Polish Bitcoin Exchange, Bitomat, that accidently erased all its clients data, but Mt Gox was kind enough to make whole...
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