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Author Topic: [Investment fund] Gamma Bitcoin Fund [Closed]  (Read 77804 times)
strello
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November 14, 2012, 01:06:42 PM
 #601

I think that keystroke's poll is very entertaining, but this isn't just a poll for GBF investors, any bitcointalk forum members can vote.

The result must not be taken as any kind of indication of the wishes of GBF investors.

Of course those with either no, or very small, investment find the prospect of a roll of the dice appealing.

I would prefer a payout, but a part of me thinks the Satoshi dice option is probably more appropriate given the increasingly farcical nature of this fund.


from  Wikipedia:

"a farce is a comedy which aims at entertaining the audience by means of unlikely, extravagant, and improbable situations, disguise and mistaken identity, verbal humor of varying degrees of sophistication, which may include word play, and a fast-paced plot whose speed usually increases, culminating in an ending which often involves an elaborate chase scene. Farces are often highly incomprehensible plot-wise (due to the large number of plot twists and random events that often occur), but viewers are encouraged not to try to follow the plot in order to avoid becoming confused and overwhelmed. "

It is futile to speak of liberty as long as economic slavery exists.

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DeaDTerra
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November 14, 2012, 01:29:28 PM
 #602

I think that keystroke's poll is very entertaining, but this isn't just a poll for GBF investors, any bitcointalk forum members can vote.

The result must not be taken as any kind of indication of the wishes of GBF investors.

Of course those with either no, or very small, investment find the prospect of a roll of the dice appealing.

I would prefer a payout, but a part of me thinks the Satoshi dice option is probably more appropriate given the increasingly farcical nature of this fund.


from  Wikipedia:

"a farce is a comedy which aims at entertaining the audience by means of unlikely, extravagant, and improbable situations, disguise and mistaken identity, verbal humor of varying degrees of sophistication, which may include word play, and a fast-paced plot whose speed usually increases, culminating in an ending which often involves an elaborate chase scene. Farces are often highly incomprehensible plot-wise (due to the large number of plot twists and random events that often occur), but viewers are encouraged not to try to follow the plot in order to avoid becoming confused and overwhelmed. "
That's true, I did not take that into consideration when the statement was made.
I will take it into consideration when the final decision is made but not as an absolute fact.
I personally feel like a dice roll is a stupid idea tbh.

Payout it probably what I will end up doing, as I feel that people have waited long enough and as this wait seem to be even longer a small payout is the least I can do.

Indeed, This is getting quite ridiculous.
//DeaDTerra
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November 14, 2012, 06:47:28 PM
 #603

I personally feel like a dice roll is a stupid idea tbh.

One could argue GLBSE is a stupid idea, tbh. Smiley

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DeaDTerra
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November 14, 2012, 06:57:33 PM
 #604

I personally feel like a dice roll is a stupid idea tbh.

One could argue GLBSE is a stupid idea, tbh. Smiley
Indeed, one could even argue it is a more stupid act then rolling a dice as the odds are unknown hence it can have even worse risk to profit ratio.
//DeaDTerra
keystroke
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November 14, 2012, 10:07:44 PM
 #605

I personally feel like a dice roll is a stupid idea tbh.

One could argue GLBSE is a stupid idea, tbh. Smiley
Indeed, one could even argue it is a more stupid act then rolling a dice as the odds are unknown hence it can have even worse risk to profit ratio.
//DeaDTerra

haha, I really just put that in the poll to add some levity Cheesy However it would be even more funny if we actually did it!

"The difference between a castle and a prison is only a question of who holds the keys."
iCEBREAKER
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November 14, 2012, 10:15:16 PM
 #606

DeadTerra,

When are you going to follow through on your promise to release the scammer (Ziggi/Crazy) passport and ID scans?

For what reason has that action been delayed thus far?
This information has already been released, please do you research before you open you mouth thanks Smiley
//DeaDTerra

I re-read this entire thread and did not see that information.

Since you made the promise in this thread, shouldn't you also follow through here as well?

Or is a snotty put-down all us investors who you ripped off deserve now?


The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
DeaDTerra
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November 15, 2012, 05:52:25 AM
 #607

DeadTerra,

When are you going to follow through on your promise to release the scammer (Ziggi/Crazy) passport and ID scans?

For what reason has that action been delayed thus far?
This information has already been released, please do you research before you open you mouth thanks Smiley
//DeaDTerra

I re-read this entire thread and did not see that information.

Since you made the promise in this thread, shouldn't you also follow through here as well?

Or is a snotty put-down all us investors who you ripped off deserve now?


A simple search on the forums will give you the answer, or check my post history.
Give respect and you will get respect, you have been rude and ignorant before.
I have never ripped anyone off, I have never broken a contract or a promise.
//DeaDTerra
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November 15, 2012, 06:38:17 AM
 #608

A simple search on the forums will give you the answer, or check my post history.
Give respect and you will get respect, you have been rude and ignorant before.
I have never ripped anyone off, I have never broken a contract or a promise.
//DeaDTerra

I asked you a fair question in a direct yet polite way.  You didn't need to bring your butthurt over other posts into it.

I'll repeat myself since you did not respond to my previous point and inquiry:

Since you made the promise in this thread, shouldn't you also follow through here as well?


The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
strello
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November 15, 2012, 07:21:44 AM
 #609

Icebreaker, you can find DT's "evidence" post here:

https://bitcointalk.org/index.php?topic=115572.msg1247265#msg1247265

I think you will then understand why he's being a bit coy about it.

It amounts to two bad photos of parts of some ID- a German Identity Card apparently. No photos. And maybe some vague bank info.

https://en.wikipedia.org/wiki/German_identity_card

As Sukrim posts here:

https://bitcointalk.org/index.php?topic=115572.msg1249700#msg1249700

"It's not a passport, it's a "Personalausweis" - and only the backside of it for that matter. There's not evern a birth date or photo on the back side, why did you accept this?!"

It is futile to speak of liberty as long as economic slavery exists.

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November 15, 2012, 10:34:25 AM
 #610

I am absolutely against putting our money into SatoshiDice.
DeadTerra, when you will do first payouts? Since I invested into this fund couple of months ago, I haven't seen even single bitcoin coming back to me.
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November 15, 2012, 03:47:08 PM
 #611

I am absolutely against putting our money into SatoshiDice.
DeadTerra, when you will do first payouts? Since I invested into this fund couple of months ago, I haven't seen even single bitcoin coming back to me.
I am as well.
We are deciding in that right now, We have about 430-440 Bitcoins that could be paid out if a majority of the investors wants to go that way.
//DeaDTerra
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November 16, 2012, 12:44:16 AM
 #612

Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
keystroke
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November 16, 2012, 12:51:35 AM
 #613

Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
The SatoshiDice answer was there just to be funny. Discounting it, only <10% said no, so it looks like people want a payout. <10% as no is a very low number seeing as anyone can vote. People who aren't invested would have more reason for saying no. I think we want our BTC Cheesy

So am I correct that it will be calculated by taking the final/current investor holdings spreadsheet, adding up the total, and then finding each investor's % of the total. Then multiplying that % by the 430-440 BTC and paying them out the result?

"The difference between a castle and a prison is only a question of who holds the keys."
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November 16, 2012, 07:41:24 AM
 #614

Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
The SatoshiDice answer was there just to be funny. Discounting it, only <10% said no, so it looks like people want a payout. <10% as no is a very low number seeing as anyone can vote. People who aren't invested would have more reason for saying no. I think we want our BTC Cheesy

So am I correct that it will be calculated by taking the final/current investor holdings spreadsheet, adding up the total, and then finding each investor's % of the total. Then multiplying that % by the 430-440 BTC and paying them out the result?
Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra
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November 16, 2012, 11:46:24 AM
 #615

Icebreaker, you can find DT's "evidence" post here:

https://bitcointalk.org/index.php?topic=115572.msg1247265#msg1247265

I think you will then understand why he's being a bit coy about it.

It amounts to two bad photos of parts of some ID- a German Identity Card apparently. No photos. And maybe some vague bank info.

https://en.wikipedia.org/wiki/German_identity_card

As Sukrim posts here:

https://bitcointalk.org/index.php?topic=115572.msg1249700#msg1249700

"It's not a passport, it's a "Personalausweis" - and only the backside of it for that matter. There's not evern a birth date or photo on the back side, why did you accept this?!"
Oh and by the way there's a BIG thread on the German subforum (in German) about him, as he seemed to operate the now broke exchange "mybitcontrade" as well as offering several financial products there. He seems to pay back small amounts recently though to some of his debtors after a lot of them threatened to got to (or went to) the police and/or file charges. I'd recommend you to read more about it in this thread (in the end - the beginnning is still about the oh-so-great GLBSE ripoff page...): https://bitcointalk.org/index.php?topic=37320

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
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keystroke
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November 16, 2012, 04:23:50 PM
 #616

Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
The SatoshiDice answer was there just to be funny. Discounting it, only <10% said no, so it looks like people want a payout. <10% as no is a very low number seeing as anyone can vote. People who aren't invested would have more reason for saying no. I think we want our BTC Cheesy

So am I correct that it will be calculated by taking the final/current investor holdings spreadsheet, adding up the total, and then finding each investor's % of the total. Then multiplying that % by the 430-440 BTC and paying them out the result?
Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Great! I will be watching for the payout and confirm when it arrives, thanks.

"The difference between a castle and a prison is only a question of who holds the keys."
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November 18, 2012, 05:25:55 AM
 #617

Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
The SatoshiDice answer was there just to be funny. Discounting it, only <10% said no, so it looks like people want a payout. <10% as no is a very low number seeing as anyone can vote. People who aren't invested would have more reason for saying no. I think we want our BTC Cheesy

So am I correct that it will be calculated by taking the final/current investor holdings spreadsheet, adding up the total, and then finding each investor's % of the total. Then multiplying that % by the 430-440 BTC and paying them out the result?
Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Have the coins been sent? Thanks!

"The difference between a castle and a prison is only a question of who holds the keys."
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November 18, 2012, 07:50:31 AM
 #618

Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
The SatoshiDice answer was there just to be funny. Discounting it, only <10% said no, so it looks like people want a payout. <10% as no is a very low number seeing as anyone can vote. People who aren't invested would have more reason for saying no. I think we want our BTC Cheesy

So am I correct that it will be calculated by taking the final/current investor holdings spreadsheet, adding up the total, and then finding each investor's % of the total. Then multiplying that % by the 430-440 BTC and paying them out the result?
Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Have the coins been sent? Thanks!
They have yet to be sent as I reached the withdraw limit on MtGox, so I will have to wait 24 hours to take out the BTC that's left.
Payout should be today though.
//DeaDTerra
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November 18, 2012, 07:51:38 AM
 #619


Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Well, "today or tomorrow" came and went, and no sign of any repayment.

What's happening DeadTerra?

It is futile to speak of liberty as long as economic slavery exists.

My GPG key
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November 18, 2012, 08:06:01 AM
 #620


Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Well, "today or tomorrow" came and went, and no sign of any repayment.

What's happening DeadTerra?
See my post above Smiley
MtGox limit of 200 BTC ^^
I need to wait 24 hours to get out the last 35 Bitcoins.
//DeaDTerra
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