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Author Topic: Gigamining / Teramining  (Read 201568 times)
Deprived
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November 24, 2012, 10:28:58 AM
 #1261

Most of the provisions don't sound too onerous, but notarization would likely cost a significant fraction of my investment.  It seems a bit like swatting a fly with a sledgehammer. I could see it as a possibly valuable CYA for investors with hundreds or thousands of shares, but for single-digit quantities? Unless something changes, it might almost be better to just eat the loss than go through the hassle.

What is the typical cost of notarization outside the USA?  The worst I've seen for "non-friend, non-negotiated" rates has been USD20, but if you ask around, chances are that you know a notary.

In most cities, you should be able to notarize a document for USD10 or so.

You're missing that he doesn't just require notorization - he also requires an apostille.  The apostille is basically confirmation by a central authority that whoever notarised the document is entitled to do so - without it, someone in a different country would have no way to establish whether the apparent notarization was actually legitimate.  To be fair, if he requires notarised documents from non-US residents then they'd HAVE to be apostilled to be of any value.

I'm in the UK.  Cost of notorization can vary - last time I had one done it cost £25 (~$35-$40) but if you don't have regular dealing with a notary it can cost more.  I've never shopped around - as whenever I have a document notarised it's for business, so the cost isn't coming out of my pocket.

The ONLY place which can issue an apostille in the UK is the Legalisation Office of the Foreign and Commonwealth Office.  That costs a fixed fee of £30 (~$45) (or did last time I had to get one) - or significantly more if you want the notary to do it on your behalf (no need for that as you can obtain it through the post).

Then add on the cost of travel, recorded delivery (of document to FCO), return postage etc to that and you'll be lucky to see change out of £60-£70 (~$150).  And that's without charging for your own time at all.

No idea at all how easy obtaining an apostille is elsewhere - but the costs of getting a notarised, aspostilled document in the UK are WAY above your estimate of $10 - the FCO fee is non-negotiable even if you had a (notary) friend do the notarisation for free.

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torusJKL
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November 24, 2012, 10:48:04 AM
 #1262

[...] There are two options that I can accept:

  • Make a buyout offer on existing shares (including dividends to date) to associated email addresses.
  • Wait until a decentralised exchange system is in place, and transfer asset ownership into that without requesting identifying information.

[...]

I second this.
The current terms are not acceptable.
Why should I have to identify myself to you? You don't need this to compare to another list you got and calculate the Bitcoins you owe people.
GLBSE has sent you an email that is linked to the claim. I imagine GLBSE also sent you the Bitcoin address affiliated to the email.

Only those who had knowledge of the GLBSE account credentials where able to enter this information.

Just send the money to that address. That's not rocket science.

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November 24, 2012, 11:39:52 AM
 #1263

Has this internet character "gigavps" provided you with the same detailed information that he is now demanding you to come up with? Has he sent you a letter, translated to your native tong, notarized, stamped and licked and triple stamped once more by every imaginable slimeball in the chain of "pay me to prove, you exist" scam?   
Probably not.

Oh, pardon me, he posted some fkn scum bag lawyers e-mail address? So what? Who is this slimy lawyers representing on this "new" deal?

I guess gigavps tears of joy dried up fast when he realized, that James is sending out the share holders data and he has to let go all those coins he has mined with your money (he bought the equipment with your money and sold you grossly overpriced perpetual bonds - a loan, that is probably never bought back by the issuer, unless it becomes worthless for a period of time. I guess the price is not low enough) 

Looks like the "Plan B" was set in motions and... puff... back to square one.

I am sure the the same scam will be shortly pulled by other issuers, who feel that they have the right to change the rules of the game AFTER they have sold you the ticket Smiley

Money brings out the worst in people and this gets proven, in this forum, over and over again.

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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November 24, 2012, 11:49:05 AM
 #1264

No idea at all how easy obtaining an apostille is elsewhere - but the costs of getting a notarised, aspostilled document in the UK are WAY above your estimate of $10 - the FCO fee is non-negotiable even if you had a (notary) friend do the notarisation for free.

Apostille is not universally available; you must live in a country that is a signatory to the relevant treaty on Apostille. Several G-20 countries active in the Bitcoin economy, such as Brazil, Canada and China, are not signatories, along with most of Africa, the Middle East and south-east Asia. Check the map on Wikipedia for details: http://en.wikipedia.org/wiki/Apostille_convention

So I guess shareholders from these countries are just SOL?

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November 24, 2012, 12:04:19 PM
 #1265

No idea at all how easy obtaining an apostille is elsewhere - but the costs of getting a notarised, aspostilled document in the UK are WAY above your estimate of $10 - the FCO fee is non-negotiable even if you had a (notary) friend do the notarisation for free.

Apostille is not universally available; you must live in a country that is a signatory to the relevant treaty on Apostille. Several G-20 countries active in the Bitcoin economy, such as Brazil, Canada and China, are not signatories, along with most of Africa, the Middle East and south-east Asia. Check the map on Wikipedia for details: http://en.wikipedia.org/wiki/Apostille_convention

So I guess shareholders from these countries are just SOL?

Well in theory they could have the documents signed as accepted by the two relevant embassies (US one in their country then their coutry's embassy in the US).  Totally out of luck if even that isn't possible.  But of course all of that should be giga's problem - not yours - as he proposed the agreement, wrote the contract and at no point stipulated any requirement for the information or any restriction on who he'd deal with (or who the bonds were assignable to).  Guess you just have to let him cancel the agreement and return the original amount paid less dividends - which luckily he has the BTC address for (if you're in nefario's list).
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November 24, 2012, 01:25:16 PM
 #1266

lol this is crazy, and Can someone please explain me how to achieve this
Quote
An affidavit attesting to the beneficial assignment of the agreement, which has been notarized (US residents/corporations) or local equivalent bearing the apostille of the competent jurisdiction. Copies of an acceptable affidavit can be obtained upon request from the law offices.

I live in Europe in a non English-speaking country... Other points are somehow acceptable but this - I just don't get it  Huh

An affidavit is simply a document, you create and sign, attesting that you own a specific number of gigamining 5Mh/s contracts. You would then have it notarized.

"apostille of the competent jurisdiction" just means to have the document notarized.

Hey Giga,

now that you have the list, where my email should appear, together with my BC adress, I kindly ask you to confirm this to the registered email and pay my weekly dividends to the BC adress from now on.
I will definetely not jump through your hoops since none of this was originally part of our contract.
If you or your attorney fail to confirm my email adress and send the owing BC back, or contact me in any other way personally to talk through this, until 30th of November, I will have my lawyer taking criminal charges against you.
We are not playing games here. We had a contract, everybody gave you time since obviously you didnt have the information needed to fulfill it. Now that you have the information, its your turn to fulfill your obligations. Not ours to do whatever you think is necessary and was not at all mentioned in the original contract.



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November 24, 2012, 01:37:37 PM
 #1267

Hey Giga,

now that you have the list, where my email should appear, together with my BC adress, I kindly ask you to confirm this to the registered email and pay my weekly dividends to the BC adress from now on.
I will definetely not jump through your hoops since none of this was originally part of our contract.
If you or your attorney fail to confirm my email adress and send the owing BC back, or contact me in any other way personally to talk through this, until 30th of November, I will have my lawyer taking criminal charges against you.
We are not playing games here. We had a contract, everybody gave you time since obviously you didnt have the information needed to fulfill it. Now that you have the information, its your turn to fulfill your obligations. Not ours to do whatever you think is necessary and was not at all mentioned in the original contract.

Hello bixcoin,

You have my lawyers information. We will be crafting a response to address everyone's concerns on Monday.

Best,
James
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November 24, 2012, 01:39:28 PM
 #1268

If you or your attorney fail to confirm my email adress and send the owing BC back, or contact me in any other way personally to talk through this, until 30th of November, I will have my lawyer taking criminal charges against you.

That's the only sensed approach. If he likes to play with lawyers, then let him do it.
I suggest that us small fry investors join to push any sort of criminal and civil charges against this scum.
It was not enough for him to profit like a bandit on the back of his investors. No, he wants all the pie, thank you very much.
I wonder if he's a member of the tribe.

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November 24, 2012, 03:03:36 PM
 #1269

Either honour the cryptographic proof of ownership for assets held prior to GLBSE closing, or accept the stigma of a fraud label.

If there were some form of cryptographic proof of ownership that avenue would probably be pursued. Except you were all idiots and flocked to GLBSE so THERE IS NO PROOF OF OWNERSHIP.

Ya know?

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November 24, 2012, 03:22:45 PM
 #1270

Giga didn't create this mess.

Except that he had not any objection to receive boatloads of coins no questions asked from the retards.
Now is a bit late to get it straight, shill.

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November 24, 2012, 03:25:21 PM
 #1271

My lawyer will be contacting yours about breach of contract within the next week.

The requests from your lawyer are unjustified and if anyone needs a lawyer now its you!

lol, good thing he has one then!

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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November 24, 2012, 03:35:05 PM
 #1272

Either honour the cryptographic proof of ownership for assets held prior to GLBSE closing, or accept the stigma of a fraud label.

If there were some form of cryptographic proof of ownership that avenue would probably be pursued. Except you were all idiots and flocked to GLBSE so THERE IS NO PROOF OF OWNERSHIP.

Ya know?

Hmm. You can have "idiots" if I can have "retards". More agglutinative and biological constructions are nonexclusive, ok?

Counteroffer: you can have the females and I keep the males.

*giggles*

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November 24, 2012, 04:01:12 PM
 #1273

Was this "Virtual Processing Solutions, LLC" mentioned anywhere in the original bond contract? Or is he trying to silently transfer his liabilities to a LLC?
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November 24, 2012, 04:07:06 PM
 #1274

Have you guys seen this?
http://mylawyr.com/swf/Miami-Criminal-Defense-Attorneys.flv
*Spokesperson is not a lawyer. Cheesy
theGECK
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November 24, 2012, 04:13:56 PM
 #1275

Quick questions to clarify the steps, also sent to the lawyer's email address:
Quote
1. The bitcoin payment address associated with your glbse.com claim

I can not find a record of the address used in the claim process as I didn't create a new address specifically for that purpose, but know it was one of several. Will providing several possible addresses invalidate the claim?

Quote
4. The tax identification number of the person or entity claiming beneficial assignment,

As a person and not an entity, I have no Tax ID number. What should I provide in this situation?

Quote
6. An affidavit attesting to the beneficial assignment of the agreement, which has been notarized (US residents/corporations) or local equivalent bearing the apostille of the competent jurisdiction.  Copies of an acceptable affidavit can be obtained upon request from the law offices.

Is this "beneficial assignment of the agreement" meaning that it benefits me as a claim holder, or that it was a mutually beneficial arrangement for both parties?

Additional question: are the answers to this meant to be part of the notarized affidavit, or additional forms filed at the same time?

RE: the LLC - if I was in his position I'd do the same thing and protect my livelihood and my personal assets.

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November 24, 2012, 04:17:32 PM
 #1276

Quick questions to clarify the steps, also sent to the lawyer's email address:
Quote
1. The bitcoin payment address associated with your glbse.com claim

I can not find a record of the address used in the claim process as I didn't create a new address specifically for that purpose, but know it was one of several. Will providing several possible addresses invalidate the claim?

Quote
4. The tax identification number of the person or entity claiming beneficial assignment,

As a person and not an entity, I have no Tax ID number. What should I provide in this situation?

Quote
6. An affidavit attesting to the beneficial assignment of the agreement, which has been notarized (US residents/corporations) or local equivalent bearing the apostille of the competent jurisdiction.  Copies of an acceptable affidavit can be obtained upon request from the law offices.

Is this "beneficial assignment of the agreement" meaning that it benefits me as a claim holder, or that it was a mutually beneficial arrangement for both parties?

Additional question: are the answers to this meant to be part of the notarized affidavit, or additional forms filed at the same time?

RE: the LLC - if I was in his position I'd do the same thing and protect my livelihood and my personal assets.

If anyone has any questions about if they are on the list, please PM me.
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November 24, 2012, 04:22:19 PM
 #1277

...
RE: the LLC - if I was in his position I'd do the same thing and protect my livelihood and my personal assets.

Except that you can't do business as an individual and then simply transfer your liabilities to another entity (LLC lol) as you wish. That's not how it works.

edit: And lying about your legal form is illegal here, and I'm pretty sure it's in the states, or almost everywhere else.
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November 24, 2012, 05:01:14 PM
 #1278

May I ask that if James is taking the legal route that everyone else does the same.

He is requesting information via PM on this forum and at the same time asking everyone to correspond with his lawyer. Do not help him fuck you over.

The request for PM is for if you need to know if you are on the GLBSE list - for instance in my case, isolating which of my BTC addresses associated with an email account had shares on the list from GLBSE. This was resolved quickly, and enables me to file the required information information for the process to go ahead instead of getting mired in a simple question. He's not asking you to provide any information via PM - he is saying that if you are having a similar issue that would prevent you from providing the information to his legal counsel, then PM him and he'll help clear it up to the best of his ability. Hopefully I'm not putting words in gigavps's mouth here.

Use my referral codes for Bitcoin faucets and I'll send you 25% of my referral bonus - Win/Win! PM for details on all sites available or use one of the links here.

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miscreanity
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November 24, 2012, 05:13:54 PM
 #1279

If there were some form of cryptographic proof of ownership that avenue would probably be pursued. Except you were all idiots and flocked to GLBSE so THERE IS NO PROOF OF OWNERSHIP.

Ya know?

Information linking emails to Bitcoin addresses has been provided. The next step is to contact the email address and request a signed message from the respective Bitcoin address. Once that is done, it's reasonable to conclude the owner is legitimate.

Also, exercise restraint when insulting those who may be your own clients.
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November 24, 2012, 05:15:47 PM
 #1280

Hopefully I'm not putting words in gigavps's mouth here.

You are not and thanks for the support.
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