It is more likely the 'legal reasons' that Ukyo is talking about are 'if I told you what happened to your money, you'd have a better chance of suing me, so I'm not going to say anything.'
Some of you guys have your head in the sand.
Ok say for second there is a legitimate legal reason Ukyo can't say what happened to the coins (which is highly implausible, but for hypothetical sake, lets say so). Is that same legal reason preventing him from telling people what happened to the coins also the same reason why he allowed people to deposit to WeExchange for 2 months when he knew that the WeExchange users would not be able to receive their coins back?
I would just love to hear the answer to this. Some of you are are so afraid of admitting to yourself that this is a scam that you aren't even thinking rationally about what has happened, what has been said, and what you have lost.
Topic: [BitFunder] Moving Forward/Resolution Process - page 48. (Read 292132 times)
Bitfunder users can set a bitcoin address in their profile. There's no need to build a new portal for that information.
Sorry, I should have included the quote from Ukyo to make it clear.
Many users have asked to not
use their email address, or public bitcoin address, etc for the transfer and dividends. So it was decided
to use the same portal as the loan shares or a third portal for transfer management so users can decide what
bitcoin address to send the held dividends to, and what email/bitcoin address to list with FriedCat.
FriedCat will get a weekly lists of transfers and will payout the remaining held dividends he is holding.
use their email address, or public bitcoin address, etc for the transfer and dividends. So it was decided
to use the same portal as the loan shares or a third portal for transfer management so users can decide what
bitcoin address to send the held dividends to, and what email/bitcoin address to list with FriedCat.
FriedCat will get a weekly lists of transfers and will payout the remaining held dividends he is holding.
Why is a claim portal for the AM shares necessary in the first place.
[..]Ukyo is the issuer of the AM PT shares. Ukyo can obviously use the share list to see who own what but he will need a bitcoin address from each shareholder
Since when did legal disputes happen where you cannot say you are in a legal dispute? When megaupload servers were seized we knew about it instantly and were able to follow the case reasonably well.
Could ukyo not have just said 1 month ago "we cannot return the coins now because of a legal dispute with the SEC".
Ukyo said in the beginning of November that he had "a rather important and very positive announcement" about weex. Remember that it doesn't have to be a problem with a government agency, it could be another company.Could ukyo not have just said 1 month ago "we cannot return the coins now because of a legal dispute with the SEC".
And why could the 6% be returned now and not earlier?
He had to create the claim site so he could manage the distribution of available coins and people could see the status of their stuck funds. He might also had to get it cleared legally.Why should another company being able to froze funds that belong to other users? That would only make sense when not enough bitcoins are there anymore and someone got a title so that ukyo cant spend them in order to save the debt ukyo has with him. If that would be the case it would be totally unfair of ukyo because we couldnt join the lawsuit and probably the first suer will get his money, not we.
Anyway... i dont even get my 6%. Again i only get bitcoind is overloaded...
Since when did legal disputes happen where you cannot say you are in a legal dispute?
Ask Twitter. Since gag orders and national security letters became legal:
http://www.ca4.uscourts.gov/opinions/Published/115151.p.pdf
IM not saying this is what happened here, but its plausible, particularly if bitfunder/weexchange is being investigated as part of a larger criminal investigation. Think Silk Road, or any of the bitcoin asset scams. Gag orders do apply to this:
http://www.law.cornell.edu/uscode/text/18/2703
And its not exactly far fetched to see how an exchange would fall in that category. Would also explain why Ukyo is not able/allowed to destroy ID verification data etc.
Why is a claim portal for the AM shares necessary in the first place. Every other stock was able to use the share list. Or is it due to running a fractional reserve?
A share list was sent to the issuers, so they could move the shares to another exchange or convert them to direct shares.Ukyo is the issuer of the AM PT shares. Ukyo can obviously use the share list to see who own what but he will need a bitcoin address from each shareholder in order to make Friedcat convert them to direct shares. That is what the AM claim site will be used for.
Why is a claim portal for the AM shares necessary in the first place. Every other stock was able to use the share list. Or is it due to running a fractional reserve?
If true then this would mean ukyo was able to import all the previous addresses and now have the same problem he had before. But that would mean the missing bitcoins arent at the old addresses anymore. Stolen or hacked or something.
I think he still has the control of the coins. Unlike Danny, who said the coins were lost, Ukyo said that they weren't available....
Are you suggesting that Danny doesn't fully comprehend the situation he is involved in, or that he is lying about the coins being "lost"?
"I can't believe that!" said Alice.
"Can't you?" the Queen said in a pitying tone. "Try again: draw a long breath, and shut your eyes."
Alice laughed. "There's no use trying," she said: "one can't believe impossible things."
"I daresay you haven't had much practice," said the Queen. "When I was your age, I always did it for half-an-hour a day. Why, sometimes I've believed as many as six impossible things before breakfast."
Since when did legal disputes happen where you cannot say you are in a legal dispute? When megaupload servers were seized we knew about it instantly and were able to follow the case reasonably well.
Could ukyo not have just said 1 month ago "we cannot return the coins now because of a legal dispute with the SEC".
Ukyo said in the beginning of November that he had "a rather important and very positive announcement" about weex. Remember that it doesn't have to be a problem with a government agency, it could be another company.Could ukyo not have just said 1 month ago "we cannot return the coins now because of a legal dispute with the SEC".
And why could the 6% be returned now and not earlier?
He had to create the claim site so he could manage the distribution of available coins and people could see the status of their stuck funds. He might also had to get it cleared legally. 
If true then this would mean ukyo was able to import all the previous addresses and now have the same problem he had before. But that would mean the missing bitcoins arent at the old addresses anymore. Stolen or hacked or something.
I think he still has the control of the coins. Unlike Danny, who said the coins were lost, Ukyo said that they weren't available.The scenario that I believe is the most likely is that he is not currently allowed to return the coins because of some legal dispute. Remember that Ukyo is running an Australian exchange based in the US which was connected directly to a stock exchange that has been shut down.. I can imagine some legal issues could arise from that.
Since when did legal disputes happen where you cannot say you are in a legal dispute? When megaupload servers were seized we knew about it instantly and were able to follow the case reasonably well.
Could ukyo not have just said 1 month ago "we cannot return the coins now because of a legal dispute with the SEC".
And why could the 6% be returned now and not earlier?
If true then this would mean ukyo was able to import all the previous addresses and now have the same problem he had before. But that would mean the missing bitcoins arent at the old addresses anymore. Stolen or hacked or something.
I think he still has the control of the coins. Unlike Danny, who said the coins were lost, Ukyo said that they weren't available.The scenario that I believe is the most likely is that he is not currently allowed to return the coins because of some legal dispute. Remember that Ukyo is running an Australian exchange based in the US which was connected directly to a stock exchange that has been shut down.. I can imagine some legal issues could arise from that.
I now made a new password through weexchange and now it tells me everytime
*facepalm*
Why should it be overworked? Its not like it is a portal in a running website... its a claim portal only. That means maybe 5 requests a hour. Nothing that would justify bitcoind is overworked...
*sigh*
Many people have had that error and been able to claim their coins, so no need to worry (about the 6.175% at least).Code:
Bitcoind resources currently overloaded, please try back in about 10 minutes.
*facepalm*
Why should it be overworked? Its not like it is a portal in a running website... its a claim portal only. That means maybe 5 requests a hour. Nothing that would justify bitcoind is overworked...
*sigh*
I believe that it is a temporary fix to the problem Ukyo mentioned with bitcoind shortly before
If true then this would mean ukyo was able to import all the previous addresses and now have the same problem he had before. But that would mean the missing bitcoins arent at the old addresses anymore. Stolen or hacked or something.
I now made a new password through weexchange and now it tells me everytime
*facepalm*
Why should it be overworked? Its not like it is a portal in a running website... its a claim portal only. That means maybe 5 requests a hour. Nothing that would justify bitcoind is overworked...
*sigh*
Many people have had that error and been able to claim their coins, so no need to worry (about the 6.175% at least).Code:
Bitcoind resources currently overloaded, please try back in about 10 minutes.
*facepalm*
Why should it be overworked? Its not like it is a portal in a running website... its a claim portal only. That means maybe 5 requests a hour. Nothing that would justify bitcoind is overworked...
*sigh*
I believe that it is a temporary fix to the problem Ukyo mentioned with bitcoind shortly before
I now made a new password through weexchange and now it tells me everytime
*facepalm*
Why should it be overworked? Its not like it is a portal in a running website... its a claim portal only. That means maybe 5 requests a hour. Nothing that would justify bitcoind is overworked...
*sigh*
Code:
Bitcoind resources currently overloaded, please try back in about 10 minutes.
*facepalm*
Why should it be overworked? Its not like it is a portal in a running website... its a claim portal only. That means maybe 5 requests a hour. Nothing that would justify bitcoind is overworked...
*sigh*
I am still spending my free time on getting the AM portal.
It is close to being done but I need to spend a few hours to do additional security checks and audits.
Being that it is already Christmas eve I feel that I will not have time to work on this until tomorrow evening at the earliest.
I am sorry for the delays but I will work to get this wrapped up asap.
Thank you for your continued patience and understanding,
Ukyo / Jon
It is close to being done but I need to spend a few hours to do additional security checks and audits.
Being that it is already Christmas eve I feel that I will not have time to work on this until tomorrow evening at the earliest.
I am sorry for the delays but I will work to get this wrapped up asap.
Thank you for your continued patience and understanding,
Ukyo / Jon
At this point I'd rather wait until the new year to get this cleared up. A fuck-up over the holidays will really be a mess, and the we exchange claim site had numerous issues around its launch (and maybe continues to.)
The shares and accumulated dividends will come to us soon enough.
If Ukyo is ready to comment on where the coins are that's something I'd welcome as soon as possible.
The shares and accumulated dividends will come to us soon enough.
If Ukyo is ready to comment on where the coins are that's something I'd welcome as soon as possible.
I believe he meant next monday, why on earth would anyone reference "monday" when they are in that day, he would of stated today, or tuesday.
He did mean the 23rd. The way he expressed it on IRC was a bit clearer. He also said 10 hours ago that it might be ready on xmas day, if not then probably the day after. Ukyo. Tuesday now! Where is our AM share transfer claim page???
I am going to _try_ to get the AM claim port up on Monday
I believe he meant next monday, why on earth would anyone reference "monday" when they are in that day, he would of stated today, or tuesday.
Ukyo. Tuesday now! Where is our AM share transfer claim page???
I am going to _try_ to get the AM claim port up on Monday
Ukyo. Tuesday now! Where is our AM share transfer claim page???
Really man? You can't be serious...
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