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Author Topic: Gigamining / Teramining  (Read 201652 times)
TiuraZ
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May 16, 2013, 07:02:36 AM
 #2281

There is no "reappropriation".

So, what happens with the unclaimed shares?

US Law trumps any contract. The only way to keep Gigamining / Teramining going is to do what has been done. Otherwise, no one would be paid back payments or be allowed to continue.

Pacta sunt servanda

and there was no clause stating  that  shareholder has to pay for cost of some sort of legal papers. So its your part to pay for the cost. Its your fault that as a serious business man did not asked your lawyer  for the regulations.

I have spent close to $20k to make sure we ALL can continue.

No, you spend $20k to pay for something that is YOUR problem. If you did not check for legal needs before issuing the bonds thats your fault. So you are two options reverse the contract by repaying the original price or paying your debt.

You can assign blame all day long. If you want to blame me for everything, I'm OK with that.

The fact remains that we are all in this together.

Of course you're okay with that. You have our money.

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"
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May 16, 2013, 09:20:58 AM
 #2282

An update on other ASICs coming on-stream (non BFL ones)

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May 16, 2013, 09:24:42 AM
 #2283

It costs me money
Do you have a US Embassy close by?
I am in Trichy, US Embassy is in Chennai. Trichy-Chennai is 316 Kilometers

You can check it out here http://www.distancebetween.in/Chennai/and/Trichy.

I can get notarization, can give my id proof, address proof, tax number, except Apostile.

Gigavps tell what i have to do to get back my shares?
jamesg
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May 16, 2013, 11:24:24 AM
 #2284

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.
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May 16, 2013, 06:05:47 PM
 #2285

Unclaimed shares should collect dividends in perpetuitiy like stocks do with dividends if owner does not provide bank account number, dividends never become property a company. So if at a later time bitcoin becomes really valued, owners should do the claiming process then.
conspirosphere.tk
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May 16, 2013, 06:22:08 PM
 #2286

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.

Brilliant: "I am not a thieve: I just keep your coins for the moment"

boonies4u
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May 16, 2013, 07:23:08 PM
 #2287

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.

Brilliant: "I am not a thieve: I just keep your coins for the moment"

He's waiting for people to claim shares. He can't legally push dividends to unknown parties.
conspirosphere.tk
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May 16, 2013, 07:33:26 PM
 #2288

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.

Brilliant: "I am not a thieve: I just keep your coins for the moment"

He's waiting for people to claim shares. He can't legally push dividends to unknown parties.

But he got no problems getting other people's coins no questions asked. No legal worries at all for that.
In real life, he would have already been lynched several times.

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May 16, 2013, 08:01:47 PM
 #2289

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.

Brilliant: "I am not a thieve: I just keep your coins for the moment"

He's waiting for people to claim shares. He can't legally push dividends to unknown parties.

But he got no problems getting other people's coins no questions asked. No legal worries at all for that.
In real life, he would have already been lynched several times.

If he was going to do this in meatspace he probably would have had gotten attention from the feds a lot sooner.
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May 17, 2013, 12:09:03 AM
 #2290

In real life, he would have already been lynched several times.

That's an odd thing to write. This is "real life".

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May 19, 2013, 10:42:53 PM
 #2291

In real life, he would have already been lynched several times.

That's an odd thing to write. This is "real life".

exactly what I thought when I read this, haha.

Fortunately, the legal system protects him from lynching... and appropriately so, you silly person...

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merster
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May 21, 2013, 02:36:28 AM
 #2292

So I'm starting to consider to donate my bonds or their value to Bitcoin Foundation if you offer this option.

This option is not on the table at this time as the claims process is nowhere near over. If we ever get to a place where most claims have been paid, we can revisit the issue.


Could we revisit the issue now? I'd prefer my portion be donated to WikiLeaks rather than Bitcoin Foundation.
jamesg
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May 21, 2013, 02:43:27 AM
 #2293

So I'm starting to consider to donate my bonds or their value to Bitcoin Foundation if you offer this option.

This option is not on the table at this time as the claims process is nowhere near over. If we ever get to a place where most claims have been paid, we can revisit the issue.


Could we revisit the issue now? I'd prefer my portion be donated to WikiLeaks rather than Bitcoin Foundation.

The claims process is over on Thursday. Once we are over that hurdle, I'll be giving out details of what will happen with "unclaimed" Gigamining contracts.

If you haven't claimed, please do.
Daily Anarchist
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May 21, 2013, 04:03:26 AM
 #2294

What would 27 shares, including accumulated capital, be worth right now? I want to know how much I have locked up in this to decide if it's worth it to me to jump through all of the hoops. I have the password to my account on GLBSE, which I still believe should be enough. There's a website out there with the hashes to the login passwords, and if you can get that, that should be enough, as far as I'm concerned.

Also, what are the hoops I'd have to jump through to get my shares/dividends?

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Jaseph
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May 21, 2013, 05:01:52 AM
 #2295

It costs me money

Do you have a US Embassy close by?

I pay about the same if not more than I'd get in BTC

This is quite a shortsighted view, especially if you believe in bitcoin and its potential.

US law firm/"lawyer"

I have explained how Quentin works with the Fleites Law Firm. There is no need to go into this again.

If I get reimbursed for the costs that I have to bear to have YOU continue legally what you are doing and if I get better information where my personal information ends up, that might change.

I have spent close to $20k to make sure we ALL can continue.


I'm not involved in this, but really feel badly for all involved. I would just say to contract holders, what would you do if you were in giga's shoes? He had no way to anticipate the exchange would close and seems to be doing everything possible to make things right. The real jerks are the ones who closed the exchange suddenly, leaving issuers and holders of securities to try and sort things out.
TiuraZ
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May 21, 2013, 07:15:31 AM
 #2296

It costs me money

Do you have a US Embassy close by?

I pay about the same if not more than I'd get in BTC

This is quite a shortsighted view, especially if you believe in bitcoin and its potential.

US law firm/"lawyer"

I have explained how Quentin works with the Fleites Law Firm. There is no need to go into this again.

If I get reimbursed for the costs that I have to bear to have YOU continue legally what you are doing and if I get better information where my personal information ends up, that might change.

I have spent close to $20k to make sure we ALL can continue.


I'm not involved in this, but really feel badly for all involved. I would just say to contract holders, what would you do if you were in giga's shoes? He had no way to anticipate the exchange would close and seems to be doing everything possible to make things right. The real jerks are the ones who closed the exchange suddenly, leaving issuers and holders of securities to try and sort things out.

He could have done it like many other issuers, by the shareholder list that he got from the GLBSE but instead he decided to get a lawyer involved which made things more complicated to everyone, also for himself. Also, this lawyer and affidavit and notary bullshit isn't going to help him if some three letter agency wants to go after him, because I don't think they will listen his explanations: "see, I used to sell illegal securities to anonymous people, but I'm not doing it anymore, see, I have all these copies of passports here, please don't put me in jail".
Sukrim
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May 21, 2013, 01:43:34 PM
 #2297

I'm not involved in this, but really feel badly for all involved. I would just say to contract holders, what would you do if you were in giga's shoes? He had no way to anticipate the exchange would close and seems to be doing everything possible to make things right. The real jerks are the ones who closed the exchange suddenly, leaving issuers and holders of securities to try and sort things out.

I would have honored my agreement so far (= pay dividends), offered to pay out share holders or let them register as "proper" share/contract holders. After all we anyways did/do not own a part of VPS LLC but only are renting a service that is similar to Amazon's compute cloud, only a bit more specialized.

I would not have offered a "valid until forever" mining contract to begin with though...

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boonies4u
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May 21, 2013, 02:11:43 PM
 #2298

Also, this lawyer and affidavit and notary bullshit isn't going to help him if some three letter agency wants to go after him, because I don't think they will listen his explanations: "see, I used to sell illegal securities to anonymous people, but I'm not doing it anymore, see, I have all these copies of passports here, please don't put me in jail".

Actually it will, because once the claim process is over the only people with bonds/contracts will no longer be anonymous people.

If you think the acronym agencies would give him shit now, imagine what they could do if he kept the bonds anonymous/illegal.
jamesg
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May 22, 2013, 12:53:38 PM
 #2299

Teramining update:

Teramining w/ Avalons
I have helped a gentleman put a down payment on a house and in return he has given me two batch #1 Avalons. You can see them mining at: http://gigamining.com/

I also have batch 2 and batch 3 Avalons making their way into my hands to help increase the hashrate of Teramining.

You can also see the rest of our equipment running at the links below.


VPS should be at 350Gh/s once our equipment is back up and running on the west coast.

Hashrate Split
VPS has a total of 11.2Th on order and with current Gigamining upgrades, Teramining is at 1.87Th. All equipment run by VPS will be split at a ratio of 1/5 (currently 65Gh/s) until all of our equipment arrives. This ratio is done before Gigamining is taken into account.
2GOOD
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May 22, 2013, 08:24:07 PM
 #2300

That's actualy a good news.

In plain english how much MH/s per Teramining Bond.

Thank You

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