Topic: [Ann] BitAuction - BitBay Development Transfer - page 2. (Read 4231 times)

Justin, as a matter of urgency, could you please individually list the names of the investors and their investment as you interpret them.

This would allow the respective investors to confirm you have their investment listed correctly and pave the way for a mutually agreed date for their reimbursement.

Thank you.

I'm a bit curious myself since justin lists me as being an investor on his operation, but I never sent him money--unless he controlled the addresses cassie gave me.

Yes, definitely looking forward to hearing all of the investors say they've received 100%+ of their money back, that's the right thing to do considering charges could be brought, and wouldn't be shielded by an LLC.

Justin Gillett
3310 Spencer Rd
Duncan, OK, 73533
1-918-327-4313

Hope I got that right, just going on what's public.

I hope all the investors will be given their investments back immediately rather than having to be told to go to Cassie because of stories or allegations that she has their BTC when all along mostly everyone believes you took the investments because she trusted you a little too much.

I also hope investors will not be told to wait 'a few weeks because I do not have any BTC at the moment' in the same manner you mentioned it before because no-one knows what defines 'a few weeks' and it is not fair to hold on to investments for a genuinely undefined period of time.

Sadly, your reputation in these forums is probably irrevocably damaged. The sooner you put all investors out of their misery without further ado the better chances you have of damage limitation to your reputation.

When can I expect my 0.125BTC to be returned then? 1FxkazMzKHvKBWnGJMNp4CUMR7DvH7V8nT

Justin is skilled, dedicated and legit.

All you need is some patience. I see some good value coming out of this soon. Justin, don't let them down!

If Justin has made a decision to pay back all the BTC with interest then to be honest it means he is behaving mature enough to tackle this so maybe it is wise not to inflame a situation that is on the verge of resolving itself. Looking at this situation from an outside perspective, I think it would suffice for Justin to give back the BTC to all investors who want it and forget paying any interest as it would register more complaints than resolve them.

According to Justin, investors wanting a refund can obtain one by sending an email here: [email protected]

@Justin
Thank you for the stance you have taken but please let the investors know exactly when you will refund them because you saying 'a few weeks' does not clarify anything nor alleviate their concerns.

@Daemon
In fairness to Justin, he did post that investors would get their money back after the site goes live but he did not elaborate further. I suppose that is why it was taken with a pinch of salt. If I were you, only for the sake of peace, I would just try to get the investment back and not delve too deep in to anything else. I would not say anything to make things worse nor would I rise to any bait.

--Quote from earlier. So yes I have said I will provide refunds.

Email sent shortly.

Regardless of the name change, he should refund all investors who want a refund.

Justin, it is my understanding that you will be using the name BitAuctions?

You will no longer be using the name BitBay?

Do you relinquish the BitBay project?

People...

What would you say is the best way out for everyone who invested? Please try to reach a general consensus and then take things forward by negotiating with Justin.

I am sure he is a reasonable young man who takes pride in his work and reputation both here and at OpenEx. I hope he will refund all investors who want their money back.

Thanks

None of your claims hold weight... new excuse after new excuse with no details... and you are supposed to be a coder... do you even comment your code?

How in the hell do you expect us to believe Cassie fucked your wallet over... explain that or stop lying. There is no money pft... where is that 3 BTC you were trying to give Cassie to leave quietly? Where is the other cash you already traded out? I am sure your car that you spent the funds on to repair has some value... and your so called rent... since you are a minor you have no rent, you could not have signed a lease... so I assume that is your (probably) adult girlfriend's new place that you so kindly sugar daddied a deposit and first month's rent for.

You have lost the trust of the community, and it does not matter if you are the lead dev for OpenEx... they obviously did not allow this mistake with you and it has been said you should never have gotten as involved with ButBay as you have since your primary project was OpenEx.

You need to do not only what is right, but what is going to allow you to keep working in this community and not end up with a criminal complaint being filed against you.

EDIT: Also this crap about Cassie has my money is bullshit... YOU have my money, YOU forced me into your project and YOU are now responsible for returning those funds or sending them to Cassie. You can't just ASSUME that investors are YOURS and then tell us to go get our money from someone else... you have a problem now and it needs to be remedied before it gets to involving third parties.

There is no money to be held ransom. Cass kinda fucked my wallet to shit. I will provide refunds. But not right now. Simply because there is no BTC in the wallets.

Ok, point taken. Thank you for the update and mature stance you have taken.

We accept that you are a skilled coder and Cassie is no businesswoman, we can accept that but in the midst of it all the fundamental concerns do not change. Most investors want their money back and you have not provided any coherent reason not to refund them.

Whereas I along with others looking in horror at this project unfolding, you saying investors will get their money back is fantastic news however it is not fair to refund after the site is launched as we are looking at approximately 3 weeks from today and even then you might turn around and not refund them citing the need to wait until net profit builds up so you can afford the refunds. I urge you to please put the investors looking for a refund out of their misery and let them have it. It will only bring praise for you and your reputation considering it has already been badly affected by the spectacle unfolding before us.

Sure, if you sincerely believe in your project and are starting a new base with a self-custom coded website then go for it. We all wish you success but holding investors money to ransom until you release your website in the hope they will like it and thus stay is not the way forward. They need to be able to choose now and be able to stay for the long run if they wish or if they have had enough and want a refund it should be given immediately.

Please consider refunding investors now rather than later and repair the damage done to your reputation. Thank you.

The old script has been trashed on the dev server. I am starting from scratch. The investors will receive their money back after release. That is about as in depth as I am going.


It isn't that I am incapable of programming a cool and fully functional site. Cassie was the one who suggested to use a turnkey script and modify it to accept bitcoin. I can provide those skype logs where I refused.


Cassie has never released a single project. Oh but lets take a look; I am a lead dev of OpenEx.


So I think everyone should take a look: My work can be proven and shown. Cassie has no work to be shown.

Hello Justin, this is my first post directly to you. Hope you are well.

Where is the money if it is not available? How much was invested originally and how much was taken by you and how much was left with Cassie at the time of your defection? What exactly were the funds you controlled spent on?

Being objective and all I was wondering exactly what development you are continuing with because as it currently stands you are using a $47 turnkey solution as your base and the site is hosted on a free cloudfront (http://whois.domaintools.com/bitbay.cc). I mean, you are probably not even paying for hosting at cloudflare as their starter package it is free.

Apart from the $47 purchase of a sub-standard turkey solution what exactly what are you developing that has a monetary value of the bitcoins invested by people here? Since it is only you who is sitting in front of your pc and logging in to the $47 sub-standard turnkey solution making a few cosmetic changes here  and there, that cannot be classed as developmental costs investors parted with their money for, nor did they part with their money so you can withdraw from their funds as living expenses.

As it currently stands you are judge, jury and executioner because you have the investors money, you claim to be coding the website and you have taken control of the domain. There is nothing stopping you from telling investors their investment as been used in this or that way, nor in the extremely unlikely possibility the site will ever see the light of day will the investors ever know what the factual income/expenditure is and will have to just take your word for it.

This my friend is as farcical as a farce can get and you have to do what is morally correct. Shares cannot be in lock-in because investors did not receive full facts from you before investing and the majority believed they were investing in a project run by Cassie, either way they did not sign up to allowing someone to take their funds and use them inappropriately.

Just to re-cap:
1) You paid $47 for a turnkey sub-standard site trying to pass it off to Cassie as your code
2) When she realised you could not deliver your promise of coding a cool site you rushed to register all you could to take control of the project (domain name etc)
3) You also ended up with a portion of the invested capital (yet unclear as to how much or how you intend to invest it, apart from spending it on yourself)
4) You host the cheap turnkey solution on a free or cheap cloud
5) Your total outlay for the project so far is $47 for the sub-standard turnkey solution and free hosting on cloudfare.com
6) You have taken funds from investors to spend on your living expenses
7) If shares are locked in or not it makes no difference since you are a one-man band working from home. Whether you have investors bitcoins or not will not affect your 'project' since YOU ARE THE PROJECT AND THE PROJECT IS YOU and investors would gladly want you to do what you like with your project so long as they get their investments back because they did not invest in a project that you controlled, they invested in a project run by Cassie, a project that you were involved with because you over-exaggerated your potential input: according to evidence available it means you lied

You have to give back all investors capital and I am sure they will gladly want you to keep 100% of any profits your site might generate if it gets launched. The three weeks you have left before site goes live is deemed by many investors as a smokescreen for you to siphon off more of their funds.

Please return their investment and keep 100% of the profits of your site when (or if) it goes live.

--

17? You should've stayed at school dumbarse.

For now anybody looking to jump out of this stake can sell their shares. If you sell your shares please notify me who received them and how many. For now share sells are going to have to be through some alternative method than a shares site. We will not be listed until release.

I would if any money was available. I am opting to continue development even through the FUD of the public because of this fact.

And right now anyone's chance at getting their money back is to just shut up and wait for the release. BitBay will never be released because Cassie can't code and neither can she file legal documentation let alone file taxes and obtain proper licensing for handling multiple currencies with escrow.


I may be 17 but I am not ignorant when it comes to business and programming. Quite frankly, Cassie has no business knowledge that is able to be used in this field. I know this because I worked with her. She is completely incapable of running any type of business without running it straight into the ground.


I will make this agreement with all the investors. If BitAuctions fails after release. I will gladly refund all of you. The only way I am following through with that promise is if all the FUD is removed from this thread.

@Daemon
Hmmm I think it is clear to see all investors have a MAJOR problem on their hands. If I were you I would get the backing of as many investors as possible and take things forward while your investments can still be retrieved. Ask Cassie to confirm what his age really is. If he is under 18 his parents need to be informed what he has done and what he is doing since they are legally liable for him if he has obtained funds without declaring the full facts and if he has used those funds for personal or illicit gains. If he (or his parents fail to convince him) to refund you then go to a local police station and file a crime report citing you gave money to someone who was economical with the facts at the time of investment and has used your funds for personal or illicit use and let the police interview him and his parents/guardians.

If he is over 18 then it could be as simple as going to a local police station with his name, address and date of birth and filing a crime against him and let him explain to the police what he did so you can circumvent his parents since they would not be liable.

Ask Cassie for his name, address, age, date of birth and any other information where the police can actually approach him with ease once a complaint has been filed. Then decide which one of you will file that complaint, better more than person does it in more than one city/state so it will get highlighted quicker.
ACT NOW BEFORE ALL OF YOUR INVESTMENTS ARE USED!

@aTrix
Well done my friend, you took a $25000 loss from your own pocket but you will get that back in a short time as miners will flood your pools because they know you are honest and reliable. Sites get hacked all the time, it is nothing new but giving miners the peace of mind they will be protected is a great PR move and morally correct on your part.