Bitcoin Forum
December 06, 2016, 10:06:04 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 [36] 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 »
  Print  
Author Topic: Diablo Mining Company  (Read 87218 times)
Deprived
Hero Member
*****
Offline Offline

Activity: 532


View Profile
September 17, 2012, 07:35:52 PM
 #701

Banks change contracts all the time.

Indeed - and the means by which this occurs is detailed in the contract in the first place: not the case here.

And you are given a period of notice during which you can withdraw all your assets from them rather than agree to the new terms.

Well, man, one thing man...

You should have brought it up before buying shares because apparently no solution sticks with you.

Why would I need to do that?  In buying the shares I accepted the associated contract.  Provided that contract is adhered to I have no problems.  Obviously if the contract is broken and I suffer material loss as a result of those breaches then I may want to pursue recompense for such loss.  To clarify that:

If I make a contract with someone that they will do X
And instead they do Y and Y is in breach of their contract
And doing Y rather X makes me suffer a loss

Then I have a very strong claim for the loss caused by them doing Y rather than X.

It's not my contention (at this stage) that the above scenario is what happened - the audit and whatever explanations Diablo/his mouthpiece provide will be needed to clarify that.

And there's no right in the DMC contract to change the contract (any such clause would also need to define what happened if I chose not to agree to the new contract) - so why would I need to bring anything up?
1481061964
Hero Member
*
Offline Offline

Posts: 1481061964

View Profile Personal Message (Offline)

Ignore
1481061964
Reply with quote  #2

1481061964
Report to moderator
1481061964
Hero Member
*
Offline Offline

Posts: 1481061964

View Profile Personal Message (Offline)

Ignore
1481061964
Reply with quote  #2

1481061964
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481061964
Hero Member
*
Offline Offline

Posts: 1481061964

View Profile Personal Message (Offline)

Ignore
1481061964
Reply with quote  #2

1481061964
Report to moderator
1481061964
Hero Member
*
Offline Offline

Posts: 1481061964

View Profile Personal Message (Offline)

Ignore
1481061964
Reply with quote  #2

1481061964
Report to moderator
Factory
Sr. Member
****
Offline Offline

Activity: 259


View Profile
September 17, 2012, 09:33:17 PM
 #702

Usagi, could you please respond to my concerns and criticism raised about amendment 2a that I posted earlier today? I highlighted some serious issues to be had with that amendment. I believe that is one of the most controversial clauses and deserves more attention. If you could be as thorough and concise as possible, it would be much appreciated. Thanks.
deeplink
Hero Member
*****
Offline Offline

Activity: 602


In cryptography we trust


View Profile
September 17, 2012, 11:47:59 PM
 #703

I just want to wait for the result of both the audit and Nefario's motion.

Thank you for saying what was on my mind for me. As for you being a shareholder, keep in mind this is a democracy, and no one has more shares than I do of DMC going into this motion. Why do you think I was accepted by Diablo-D3 as his representative here?

If you acquired your shares in a fair way you may be right. Shareholders should be able to decide that after an audit, because until now we still have no information at all what has happened exactly.

An audit will show that either:

1) Diablo has mismanaged the company and/or misled his investors, in that case you should not be allowed to vote on any motions as you are now an accomplice

2) You and Diablo are in the clear and shareholders have to accept your "proposal" because you hold the majority of the shares. To me this is not democracy but more like dictatorship. Shareholders have been played because a single party has taken possession of the company without anyone noticing. No wonder Diablo has turned to you as his representative. You now own him.

Either way the market will decide if you and Diablo can be trusted again with other people's money.
Nefario
Hero Member
*****
Offline Offline

Activity: 602


GLBSE Support support@glbse.com


View Profile WWW
September 18, 2012, 02:13:36 AM
 #704

Latest update on the audit is that it's about 1/3 complete. If it's not ready before the vote, allowing adequate time for discussion and analysis then I will move the vote expiration date back.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
Red Emerald
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
September 18, 2012, 02:18:25 AM
 #705

At this point, I would prefer DMC to liquidated as I see that as my only way out. Do we have the necessary numbers to tell how large of a loss that would be? A new and separate contract with whatever changes you want could easily be drafted.

If the 20% salary is changed to profit or Diablo is paid in shares (where he is still paid from profits), I would be happier, but would likely still prefer to be out of this altogether as my faith in the company has been heartily shaken.

Usagi, not everyone is super active on the forums.  Sometimes I need a day or so to respond.  Puppet is most definitely not the only one voicing his concerns in this public forum.

Also, please answer all of Factory's questions.  I also want to know the answers.

Thanks for helping out with this Nefario.  Without you here, there would be no actual recourse for shareholders.  I'm not saying Diablo would have necessarily run away with everyone's coin (what little is left at least), but I don't see how any of this discussion could have happened if you had not stepped in.

Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 700


Wat


View Profile WWW
September 18, 2012, 03:00:22 AM
 #706

I think Factory makes a lot of sense and Diabo should be paid from net income not from gross revenue.

fwiw I just reread DMC contract and it doesnt say anything about what price shares can or cannot be sold. The contract doesnt say much at all except the way earnings will be divided.


Deprived
Hero Member
*****
Offline Offline

Activity: 532


View Profile
September 18, 2012, 04:29:01 AM
 #707

I just want to wait for the result of both the audit and Nefario's motion.

Thank you for saying what was on my mind for me. As for you being a shareholder, keep in mind this is a democracy, and no one has more shares than I do of DMC going into this motion. Why do you think I was accepted by Diablo-D3 as his representative here?

If you acquired your shares in a fair way you may be right. Shareholders should be able to decide that after an audit, because until now we still have no information at all what has happened exactly.

An audit will show that either:

1) Diablo has mismanaged the company and/or misled his investors, in that case you should not be allowed to vote on any motions as you are now an accomplice

2) You and Diablo are in the clear and shareholders have to accept your "proposal" because you hold the majority of the shares. To me this is not democracy but more like dictatorship. Shareholders have been played because a single party has taken possession of the company without anyone noticing. No wonder Diablo has turned to you as his representative. You now own him.

Either way the market will decide if you and Diablo can be trusted again with other people's money.


An audit will show that either:

1) Your IQ is below 100

2) You are the one who is actually responsible for the DMC fiasco, and whether or not you can be trusted with other people's money.

Either way, you cannot hide from the truth.

And Diablo paid you 5 BTC to say that on his behalf?  He's getting really great PR for his money.
Newar
Legendary
*
Offline Offline

Activity: 1148


https://gliph.me/hUF


View Profile
September 18, 2012, 06:19:05 AM
 #708

Latest update on the audit is that it's about 1/3 complete. If it's not ready before the vote, allowing adequate time for discussion and analysis then I will move the vote expiration date back.
Good. Let's wait for the audit and then take it from there.

OTC rating | GPG keyid 1DC91318EE785FDE | Gliph: lightning bicycle tree music | Mycelium, a swift & secure Bitcoin client for Android | LocalBitcoins
matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
September 18, 2012, 09:31:43 AM
 #709

If you are to vote on changing the CEO I may be able to help by absorbing your DMC assets into Red Star Mining - https://bitcointalk.org/index.php?topic=63257.0 -.  RSM is currently working on a motion to raise us to 57.142857143(MH/s)per share at BTC0.30 each or 1(GH/s)@BTC5.25.  What I think best would happen is RSM absorbs DMC assets and pays DMC around the going rate for them in RSM shares.  So DMC receives weekly dividends from RSM and then I use them or pay them out as DMC share holders see fit in a motion.  I can't promise to be able to offer this service yet as I'd have to get it to pass a motion of RSM shareholders.  Also RSM shareholders would only take it on if it wasn't going to hurt them and can profit from it as well some how.

matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
September 18, 2012, 09:59:07 AM
 #710

If you are to vote on changing the CEO I may be able to help by absorbing your DMC assets into Red Star Mining - https://bitcointalk.org/index.php?topic=63257.0 -.  RSM is currently working on a motion to raise us to 57.142857143(MH/s)per share at BTC0.30 each or 1(GH/s)@BTC5.25.  What I think best would happen is RSM absorbs DMC assets and pays DMC around the going rate for them in RSM shares.  So DMC receives weekly dividends from RSM and then I use them or pay them out as DMC share holders see fit in a motion.  I can't promise to be able to offer this service yet as I'd have to get it to pass a motion of RSM shareholders.  Also RSM shareholders would only take it on if it wasn't going to hurt them and can profit from it as well some how.

Or after RSM receives the DMC assets we could sell (some) them to purchase BFL-ASIC's so RSM's >57(MH/s)per share isn't hit too bad by paying DMC in RSM shares.

matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
September 18, 2012, 12:43:55 PM
 #711

If you are to vote on changing the CEO I may be able to help by absorbing your DMC assets into Red Star Mining - https://bitcointalk.org/index.php?topic=63257.0 -.  RSM is currently working on a motion to raise us to 57.142857143(MH/s)per share at BTC0.30 each or 1(GH/s)@BTC5.25.  What I think best would happen is RSM absorbs DMC assets and pays DMC around the going rate for them in RSM shares.  So DMC receives weekly dividends from RSM and then I use them or pay them out as DMC share holders see fit in a motion.  I can't promise to be able to offer this service yet as I'd have to get it to pass a motion of RSM shareholders.  Also RSM shareholders would only take it on if it wasn't going to hurt them and can profit from it as well some how.

Or after RSM receives the DMC assets we could sell (some) them to purchase BFL-ASIC's so RSM's >57(MH/s)per share isn't hit too bad by paying DMC in RSM shares.

RSM motions would be held on DMC first.  With the result of the DMC motion being used to vote on its shares within the RSM motion.

matthewh3
Legendary
*
Offline Offline

Activity: 1372



View Profile WWW
September 18, 2012, 02:24:20 PM
 #712

If you are to vote on changing the CEO I may be able to help by absorbing your DMC assets into Red Star Mining - https://bitcointalk.org/index.php?topic=63257.0 -.  RSM is currently working on a motion to raise us to 57.142857143(MH/s)per share at BTC0.30 each or 1(GH/s)@BTC5.25.  What I think best would happen is RSM absorbs DMC assets and pays DMC around the going rate for them in RSM shares.  So DMC receives weekly dividends from RSM and then I use them or pay them out as DMC share holders see fit in a motion.  I can't promise to be able to offer this service yet as I'd have to get it to pass a motion of RSM shareholders.  Also RSM shareholders would only take it on if it wasn't going to hurt them and can profit from it as well some how.

Or after RSM receives the DMC assets we could sell (some) them to purchase BFL-ASIC's so RSM's >57(MH/s)per share isn't hit too bad by paying DMC in RSM shares.

RSM motions would be held on DMC first.  With the result of the DMC motion being used to vote on its shares within the RSM motion.

I've successfully managed to steer RSM from GPU > FPGA > ASIC and rather than just liquidize your assets you could invest them into RSM.  We are already working on >57(MH/s)per share at BTC0.30 and with DMC assets we could improve that (MH/s)per share rate greatly.  Any ideas can be put to the table by DMC shareholders but RSM shareholders will only agree if it doesn't hurt them and they can profit too.  So if any DMC share holders want this to go to a vote then show some support for a motion.  Thanks. Matt CEO of RSM. 

MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
September 22, 2012, 09:07:36 PM
 #713

Quote
I doubt MPEx would still be there in 10 years is what I really mean.

You may doubt whatever. Fact of the matter is you're nobody and don't matter two spits.

Quote
The operator is basically anonymous and runs a porn site on the same server.

The operator is one of the very few people involved in Bitcoin using his own name, rather than some bs alias. He's been on the internet, on the same site, for years. He's been running the same company, for years. In this context "for years" means more than five. I would like to see who exactly on this forum satisfies both these criteria. I doubt you can find five people.

Quote
Anonymous entities and bitcoin financial services  has proven in the past to be a bad combination and people would be nuts to send any coins to such services.By urging people to invest in such services you are actually doing the community a disservice and teaching people bad habits. People should boycott anonymous financial services not encourage them. 

Get off your high horse, idiot.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
Factory
Sr. Member
****
Offline Offline

Activity: 259


View Profile
September 22, 2012, 09:15:29 PM
 #714

you're nobody and don't matter two spits.
Get off your high horse, idiot.
Stop with the bullshit. Have you as much as tried to google Mircea Popescu?
The reason he's not here talking to you is quite simply that you're not quite good enough. Not quite important enough. Not quite rich enough. To matter. So you're stuck with me. That is all.

Your public relations skills (or lack thereof) are causing many people to avoid MPEX.

You are doing yourself a disservice.
markm
Legendary
*
Offline Offline

Activity: 1792



View Profile WWW
September 22, 2012, 09:44:19 PM
 #715

The operator is one of the very few people involved in Bitcoin using his own name, rather than some bs alias. He's been on the internet, on the same site, for years. He's been running the same company, for years. In this context "for years" means more than five. I would like to see who exactly on this forum satisfies both these criteria. I doubt you can find five people.

Quote
Anonymous entities and bitcoin financial services  has proven in the past to be a bad combination and people would be nuts to send any coins to such services.By urging people to invest in such services you are actually doing the community a disservice and teaching people bad habits. People should boycott anonymous financial services not encourage them. 

Get off your high horse, idiot.

http://web.archive.org/web/19981202132656/http://www.knotwork.com/~markm/

-MarkM-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
September 23, 2012, 03:35:28 AM
 #716

Seems usagi forgot to inform this thread.

nefario has pushed the date for motion 127 to the 23rd. The original date (18th?) already passed, and he pushed it back to the 23rd in the final hours of the vote. Only nefario knows what the final tally was.

In addition, nefario has been unable to get two other people audit DMC's records, and refuses to name the one person doing it. What I do know, that one person he did get is not smickles, the community's only accountant. Since nefario refuses to name the auditor ahead of time, shareholders do not get to vote on the confirmation

Also, I've spoken with smickles, hes very interested in taking DMC on as his first client with his new accounting firm, although because hes in the middle of moving, the September report on Oct 1st will either be done by him and be late or be done by me for the last time and be on time.

DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
September 23, 2012, 08:06:14 AM
 #717

Today is the 23rd. Time flies.

Everyone who hasn't voted no on the motion, please go do that now.

https://glbse.com/vote/view/127

EskimoBob
Legendary
*
Offline Offline

Activity: 910


Quality Printing Services by Federal Reserve Bank


View Profile
September 23, 2012, 08:36:29 AM
 #718

Today is the 23rd. Time flies.

Everyone who hasn't voted no on the motion, please go do that now.

https://glbse.com/vote/view/127

You have not given any reason to vote No.
So far, there is no audit done in this train wreck. I offered my help (my wife is accountant) but I was told by D3 "No".
I guess he knows how embarrassing the results will be.

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
DiabloD3
Legendary
*
Offline Offline

Activity: 1162


DiabloMiner author


View Profile WWW
September 23, 2012, 09:45:41 AM
 #719

Today is the 23rd. Time flies.

Everyone who hasn't voted no on the motion, please go do that now.

https://glbse.com/vote/view/127

You have not given any reason to vote No.
So far, there is no audit done in this train wreck. I offered my help (my wife is accountant) but I was told by D3 "No".
I guess he knows how embarrassing the results will be.


I said no because we need accountants that are well known and have good standings in the community, plus have to be agreed on by me, nefario, and the shareholders.

No one knows your wife, and you certainly don't have a good standing in the community that she can borrow.

EskimoBob
Legendary
*
Offline Offline

Activity: 910


Quality Printing Services by Federal Reserve Bank


View Profile
September 23, 2012, 09:49:59 AM
 #720

Today is the 23rd. Time flies.

Everyone who hasn't voted no on the motion, please go do that now.

https://glbse.com/vote/view/127

You have not given any reason to vote No.
So far, there is no audit done in this train wreck. I offered my help (my wife is accountant) but I was told by D3 "No".
I guess he knows how embarrassing the results will be.


I said no because we need accountants that are well known and have good standings in the community, plus have to be agreed on by me, nefario, and the shareholders.

No one knows your wife, and you certainly don't have a good standing in the community that she can borrow.

LOL. If you do not trust my calculations, you are personally more than welcome to go over those.
Actually, there is absolutely no need for accountant. Those few trades and transfers you made do not need CPA. This is just another BS to muddy the waters. 
 

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 [36] 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!