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Author Topic: [GLBSE] Diablo Insurance - Butterfly Labs BitForce SC Insurance (7,829:30,903)  (Read 7197 times)
Shadow383
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September 28, 2012, 12:31:44 PM
 #41

Please note: nefario has locked my GLBSE account and most likely stolen the backing money of the insurance fund. Until this is resolved, do not buy any more shares of DI.BFLSC.

Why was your account locked?
Probably something to do with the enormous clusterfuck that was diablo mining company...
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DiabloD3
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September 28, 2012, 02:09:10 PM
 #42

Please note: nefario has locked my GLBSE account and most likely stolen the backing money of the insurance fund. Until this is resolved, do not buy any more shares of DI.BFLSC.

Why was your account locked?

Nefario was trolled into believing I was stealing from DMC instead of actually looking at my account and noticing Ive never withdrawn BTC from my DMC subaccount.

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September 28, 2012, 03:16:27 PM
 #43

Please note: nefario has locked my GLBSE account and most likely stolen the backing money of the insurance fund. Until this is resolved, do not buy any more shares of DI.BFLSC.

Why was your account locked?

Nefario was trolled into believing I was stealing from DMC instead of actually looking at my account and noticing Ive never withdrawn BTC from my DMC subaccount.

Thank you for this update.   

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October 01, 2012, 09:00:32 AM
 #44

Sales are now closed.

Final tally:
30,903 shares sold of DI.BFLSC.Fail
7,829 shares sold of DI.BFLSC.Success

We will know in one month if BFL succeeds or not.

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November 27, 2012, 08:00:58 PM
 #45

Hi. When do you decide fail or success ?

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DiabloD3
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November 27, 2012, 08:11:23 PM
 #46

Hi. When do you decide fail or success ?

Its already been decided. BFL has failed to produce any SC units at all, and still claim they're coming; they have clearly failed and are in default of their obligations to their investors. As the contract/policy for this insurance stated they must produce these units by the end of Oct 31st and they did not: the fail insurance will pay out.

The problem is nefario (owner of GLBSE) refuses to release the shareholder lists to asset issuers, so I can't payout until he does.

The entire pool was 38.732 BTC, so the final payout will be 0.00125 BTC per share of fail.

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November 27, 2012, 08:13:10 PM
 #47

Cool... Not too many shares of succeed were sold.

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