Topic: [BitFunder] Moving Forward/Resolution Process - page 8. (Read 292138 times)

I dont remember that he promised to speak about what happened. And obviously speaking about wouldnt be good now. Only my impression so far of course... of course you might pressure this so hard that you get to know the truth. But when this means the chance to recover dies with this info then i think its not worth the info. You dont need to believe me but i dont think hes a con man.

I know he works on projects and i dont have a reason to believe he doesnt work on weex too.

I dont know about BTCINVEST. I only know that once someone posted a list of shares ukyo should own. Though at the end the shares pretty much all were useless. The only worthwhile shares were ActM... which Ken stole practically. I still think that wasnt correct since he took shares privately owned by ukyo and traded them against a debt the company weex had against him. Its like taking 500 IPhones from the next Applestore because Apples CEO owes me money. Its not related... though thats Bitcoin... unregulated everywhere. At the end ken draw those coins down with ActM too.

Whatever... it doesnt matter what you or iam think. Sueing him for ukyo loan is worthless when you see the size of the loan. His private riches cant possible back this up. The same goes for weex and you dont even know there if the problem is taken by the company or by him privately. So that weex goes bankrupt and thats it. Debts dying with the company. Regardless of the outcome of a lawsuit there wouldnt be enough money to pay things back.

So i chose to believe him for now. Partly because i dont have a chance otherwise and partly because i can write with him and get a feeling about what is going on. I could have sued him but when i see it as a business decision i bet on ukyo being honest since chances there are simply better.


The last two paragraphs match to your post too. It doesnt matter if i believe ukyo, if you believe ukyo or if you believe me. It simply doesnt matter. If there would be a chance in sueing i would have done months ago.

See, here's the thing. Your descriptions of what you think you heard ukyo say are worthless. Hearsay. Of no value to any of us.

I'm sure you mean well, but why should I trust in _your_ trust in someone who is holding vast wealth of many others hostage?


And be rewarded for my effort by the same vague useless non-statements he's been giving you? To what end? It accomplishes nothing.

Honorable people who have been caught by circumstances that cause them to lose property of others make every effort to keep those people informed. Ukyo's absence here speaks volumes.

Hi Sebastian,
Thanks for reaching out to him.


Ukyo has eluded to circumstances that have not happened many times. He still won't tell us what happened to the coins. He promised dozens of times to provide information, "good news," and updates. Each time, he later says he can't talk by eluding to works in progress, gag orders, NDAs, legal action, and/or bitcoin problems. And a little later, he denies whatever was implied.

So, where are the coins? What's the "big news?"

And, since all of this, he offered to liquidate BTCINVEST assets for the BTCINVESTors. Did he just decide to keep all of the proceeds from liquidation?

Added:
After reading about them, it sounds to me like Ukyo (and TF) followed the "six definite steps or stages of growth in every finely balanced and well-conceived confidence game" almost to the letter.

If he wants us to believe otherwise, he just needs to deviate from the con man's playbook by telling us what happened.

What's really impressive is how he strung us along, with news announcements about upcoming news and by giving us a little money back (all in the playbook), and learning from /us/ what story would be the most believable. At first, he said bitcond problems, but then he kept his mouth shut and had us come up with our own story (bitcoin malleability + lawsuits to get it back from the person who took them.) But, if he tells us, then we'd require proof (which he could give), so he just keeps his mouth shut.

I thought about and i guess i should mention that i wrote with ukyo on first july. It was a rather long conversation because i wanted to know whats going on.

Weex: I asked him if i can help, work or coins. He said he put all things in motion that can be done at the moment already. It sounded like things move slowly to a result. Whatever that is.

Ukyo Loan: He is working on a number of projects. He presented me one of the projects including the website, he explained the details and inner working regarding safety and i think its a nice little thing that will get his customers. I didnt ask for the other bigger projects.
I wont go into details since i once promised him not to reveal the things he tells me and i will honor that. I only write this to let you know that he work on things and that he didnt vanish. But i dont know when he will present the projects and how.

Payback: The projects he works on are meant for paying back ukyo loan. I wrote already that things for getting weex funds back are already put in motion. In the case that weex funds really cant come back he will pay weex users coins back with the projects profits.

I hope this helps a bit. If you want to speak him yourself try it on IRC. It might take some days but it works.

Rather intriguing development:


I'm really only interested in squeezing my lost stolen money out of that sick scamming fuck ukyo, but some of y'all are likely interested in this.

edit: see strikethrough and underline

Im always in search for such opportunities. Tips?

There are plenty of good Bitcoin companies. The difference is that they don't sell their shares on unregistered exchanges to make money. If a business plan is solid and the management has a good background, then VC investors will gladly invest as there are several VCs focused primarily on Bitcoin.

Selling shares publicly before the company has even started simply doesn't happen on regular stock exchanges. The company first has to show their worth and then will be allowed to be listed to acquire additional capital, not their initial capital. Initial capital comes from the founders or VC / Angel investors. The concept used by most Bitcoin stock exchanges to accept IPOs for "just an idea" is silly.

Of course, there are exceptions to the rule (very few). Asicminer is the most prominent. They started their ASIC business from an IPO and have paid back dividends far above the IPO price (and the current price also exceeds IPO price). But when Asicminer started, there was very little in terms of VC funding for Bitcoin companies, so they didn't really have another way to collect money.

Scam after Scam, I would like just one bitcoin company to produce something good, and kick off on this front

Didnt know that... its really a pain how most of these entrepreneurs turn out to be at the end. I wonder if this changes one time...

Neobee went down because the guy was a scammer and stole all the coins. they lost some coins to weex, but if they weren't full of shit they wouldn't have lost any there. Why would you leave the coins you raised to start your business on WEEX instead of taking them out and using them to start the business.

 the guy that was smart enough to not lose any company coins on Gox lost a bunch of company coins on Weex and then lost the personal coins that could have saved the day on Gox. in reality they spent a bunch of money and never made any and then the owner ran away with what was left.

A presumption for which there is No Available Evidence.


Exactly. You can have all the faith you want. I'll cue up some old Journey for your soundtrack:

        Don't stop... believin'... Hold on to that feeeeee lin'


Edit: typo

NeoBee went down 'coz Danny ran away
Just out of curiosity, do you think something like this?

“And now tell me, why is it that you use the words "good people" all the time? Do you call everyone that, or what?
- Everyone, - the prisoner replied. - There are no evil people in the world." --M. Bulgakov, Master and Margarita

Neo & Bee went down when their CEO ran away after they failed to get Central Bank authorization for their bank, and he realized that his castle of cards was about to collapse.  He allegedly took the remaining company's coins (and, according to police charges, money that he got from other people in exchange for bitcoins that he did not deliver), leaving behind debts and unpaid salaries.

Only then did investors bother to read the Neo & Bee prospectus and noticed that it did not contain a viable business plan.

Only then did investors bother to check Danny's background, and found that he had no background in finance at all, and he ad pulled a similar stunt in the UK before moving to Cyprus.  He had announced he was going to organize a big music festival in Lincolnshire, sold tickets, got advance license money from food vendors, etc; but then cancelled the event, and said that the debts were not made by his person but by his company, that he had sold, so he owed nothing.

AFAIK he is still hiding, somewhere in the world.

https://bitcointalksearch.org/topic/m.6500610

As far as i remember NEOBEE went down because they didnt have money anymore. They lost coins in weex and mtgox and danny claimed he already put all his own coins in NEOBEE too. So at the end it looks to me that the coins lost in weex are a reason for NEOBEE going down too.

Won't speak can be the following of can't speak too. Depending on what happened really "won't speak" might mean that its the better choice to have the chance to get the coins back. Though its not justifyable as long as no one knows anything.

I didnt reach him the last days but still trying.

"Can't speak" and "won't speak" are two decidedly different concepts. The notion that he can't speak is laughable. We know he won't speak. Most likely reason for "won't speak" is guilt.

Where did you get that idea? Have you checked Danny's curriculum in the UK?

Why should i ask if he ran when i would be in contact with Danny? I didnt lose coins with Danny so i dont need to speak with him.


Youre right. It should have been a warning how ken slaughter handled informations. Though he blocked trading for a long time.
I think he was simply incompetent and that he cant be charged for running a scam. Only for running an unregistered security.


Right... he might be sued for it. But stealing coins is a different matter you cant proof.


Right... you would be one of the smart guys that talk to the police before your lawyer checked what you could say. Its not known what happened to weex. Not even Danny knew what happened exactly.


You should read the context. Danny lost coins in weex which led to the bankruptcy of neobee.

You don't quite yet understand. Weex was another of ukyo's sham businesses.

Bullshit.