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Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 16. (Read 198958 times)

sr. member
Activity: 252
Merit: 250
Hi Guys,

I'm in the UK.  Does anyone need me to do some investigating?

What do you propose? Are you a DMS.* asset owner?

Yes, not allot but yes.
legendary
Activity: 1946
Merit: 1035
What am i missing?

I am missing more than 10 BTC in DMS.MINING dividends. I could buy terra hashes of mining hardware with them now. And there is absolutely no excuse for the breach of communication. BTCT trading has halted but this forum and topic has never been down. Deprived didn't even bother to log in for almost two months now.

PS: I have sent several PMs and an "official style" e-mail to the asset issuer address, a long time ago now, without any answer.

Oh, and I'm close to leaving negative trust now, but DefaultTrust, and the fact that he might just as well never return, make it pointless anyway.

All I'm asking is that the contracts are fulfilled as due. Nothing more, nothing less.
hero member
Activity: 658
Merit: 500

Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.


Not at all. I am proposing a new manager for DMS. This could only be done if it is proved Deprived is dead or legally incompetent to continue. It would not be illegal. We could sue his estate if it refuses to deal with us as we have a contract with him as asset holders. Would it be a lot of work? Possibly. Is there an alternative? I can't think of one.

That is why it is important to find Deprived, or find out what happened to him. Nothing will change until that is done.
Now is there any point Deprived providing a update till the CM Bonds shares are sold, aren't we waiting on the ability to sell the shares (Ciphertrade)? I don't think he has anything to tell us beyond that for now? Isn't he planning to pay the mining and purchase dividends then too?

What am i missing?

legendary
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
Hi Guys,

I'm in the UK.  Does anyone need me to do some investigating?

What do you propose? Are you a DMS.* asset owner?
sr. member
Activity: 252
Merit: 250
Hi Guys,

I'm in the UK.  Does anyone need me to do some investigating?
full member
Activity: 149
Merit: 100
Does something like a gag order exist in UK? Tongue


Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.


Not at all. I am proposing a new manager for DMS. This could only be done if it is proved Deprived is dead or legally incompetent to continue. It would not be illegal. We could sue his estate if it refuses to deal with us as we have a contract with him as asset holders. Would it be a lot of work? Possibly. Is there an alternative? I can't think of one.

That is why it is important to find Deprived, or find out what happened to him. Nothing will change until that is done.
legendary
Activity: 882
Merit: 1000

Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.


Not at all. I am proposing a new manager for DMS. This could only be done if it is proved Deprived is dead or legally incompetent to continue. It would not be illegal. We could sue his estate if it refuses to deal with us as we have a contract with him as asset holders. Would it be a lot of work? Possibly. Is there an alternative? I can't think of one.

That is why it is important to find Deprived, or find out what happened to him. Nothing will change until that is done.

The DMS funds are owned by Deprived, not just managed by Deprived, so we investors are only the creditors of Deprived's personal debt, and don't own the funds and cannot change the manager at all. Yes, we have right to ask Deprived to pay the debts unless he is declared bankruptcy, and Deprived has to pay the debts with all his personal belongs since he runs the fund as a person, not a limited cooperation.

Anyway, I agree with you that the most important thing is to find him or at least find out what happened on him. Currently, the only person who know Deprived's identity is Kate. Do we know if there's any one else?
legendary
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!

Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.


Not at all. I am proposing a new manager for DMS. This could only be done if it is proved Deprived is dead or legally incompetent to continue. It would not be illegal. We could sue his estate if it refuses to deal with us as we have a contract with him as asset holders. Would it be a lot of work? Possibly. Is there an alternative? I can't think of one.

That is why it is important to find Deprived, or find out what happened to him. Nothing will change until that is done.
legendary
Activity: 882
Merit: 1000
Yea, I'm really wanting to be wrong and have Deprived show back up in 4 days when ciphertrade opens. *crossed fingers*
The countdown timer at CipherTrade.com seem to indicate that SOMETHING is happening at 10 AM Eastern US time on January 17th (if my math is right) but that may be the Public Beta.  Until actual trading is in full swing I doubt that DMS-Purchase, DMS-Mining or DMS-Selling shares will be getting any back dividends.

... and Deprived returns.

If he doesn't, we asset holders will have to petition CipherMine to get access to the CIPHERMINE.B1 bonds, and come up with some equitable way of resuming the assets (perhaps a new management structure voted on by asset holders?) The 150 btc will sadly have to be written off. DMS.MINING must be looked after according to the terms of the contract, so they won't lose anything in the long run. DMS.PURCHASE and DMS.SELLING will have to eat the loss of the 150 btc but we still should get something back eventually once CIPHERMINE.B1 is liquid.

Unfortunately Kate's long absence and a lack of a backup plan to run CIPHERMINE.B1 in a professional manner means the liquid price might be well South of where it should be.

The new manager would also need to get an extract from Burnside about who the asset holders are, unless CipherTrade have somehow obtained it. I think I'd want to see a certified copy from Burnside though.

Although I hope what you said could be done, but piratically it's almost impossible. The DMS is managed by Deprived personally, and the shares of CipherMine.B1 are invested by Deprived personally too (confirmed from Kate during Deprived's last disappearance).  Last time, when I asked Kate to hold on the CipherMine.B1 dividend until Deprived is back, Kate was quite hesitated because that will breach the term of CipherMine.B1. She said theoretically they are only responsible to Deprived himself, and has nothing to do with the investors of DMS funds.

Now you are suggesting CipherMine to take over the DMS funds completely. That means they 'deprived' all the shares of one of their investors and use them to setup a new fund. Although we, the investors of DMS, will welcome this solution definitely, we cannot deny that it is completely illegal.

I think the best thing they can do is holding the dividend (and the face value in case of closure of CipherMine.B1), and freezing the trading of Deprived's shares until he appears (they cannot be trade without Deprived anyway).

Then (touch the wood) only if Deprived never appears after a certain amount of days (I don't know how long it needs to be in UK since both CipherMine and Deprived are there), then his investment, as part of his wealth, can be used to pay his personal debt (the DMS shares and maybe others).

Therefore, without Deprived appears in time, we cannot see a happy ending (lose only 150 BTC becomes the best result already) easily. Sad
legendary
Activity: 882
Merit: 1000
hanging for ciphertrade to open. lets hope it all sorts itself out, the exchange closures, and one-man shows are quite nerve-racking

Even it's listed on the exchange, it is still a one-man show. Imagine it's still listed on btct, and Deprived stopped paying dividend for one and a half month, what will happen? Panic selling to almost 0, definitely, worse than now in my opinion.
hero member
Activity: 658
Merit: 500
hanging for ciphertrade to open. lets hope it all sorts itself out, the exchange closures, and one-man shows are quite nerve-racking
legendary
Activity: 1946
Merit: 1035
Stripykitteh, thank you, I totally support the petition for CipherMine.

Let's just hope that Deprived returns in time...
legendary
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
Yea, I'm really wanting to be wrong and have Deprived show back up in 4 days when ciphertrade opens. *crossed fingers*
The countdown timer at CipherTrade.com seem to indicate that SOMETHING is happening at 10 AM Eastern US time on January 17th (if my math is right) but that may be the Public Beta.  Until actual trading is in full swing I doubt that DMS-Purchase, DMS-Mining or DMS-Selling shares will be getting any back dividends.

... and Deprived returns.

If he doesn't, we asset holders will have to petition CipherMine to get access to the CIPHERMINE.B1 bonds, and come up with some equitable way of resuming the assets (perhaps a new management structure voted on by asset holders?) The 150 btc will sadly have to be written off. DMS.MINING must be looked after according to the terms of the contract, so they won't lose anything in the long run. DMS.PURCHASE and DMS.SELLING will have to eat the loss of the 150 btc but we still should get something back eventually once CIPHERMINE.B1 is liquid.

Unfortunately Kate's long absence and a lack of a backup plan to run CIPHERMINE.B1 in a professional manner means the liquid price might be well South of where it should be.

The new manager would also need to get an extract from Burnside about who the asset holders are, unless CipherTrade have somehow obtained it. I think I'd want to see a certified copy from Burnside though.
newbie
Activity: 17
Merit: 0
Yea, I'm really wanting to be wrong and have Deprived show back up in 4 days when ciphertrade opens. *crossed fingers*
The countdown timer at CipherTrade.com seem to indicate that SOMETHING is happening at 10 AM Eastern US time on January 17th (if my math is right) but that may be the Public Beta.  Until actual trading is in full swing I doubt that DMS-Purchase, DMS-Mining or DMS-Selling shares will be getting any back dividends.
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
jeeez I hope he comes back.
I always enjoyed reading his posts and found them quite educational.

if he doesn't come back for whateva reason, the lending/sec forums should be shut down.. he is/was? one of the last few decent people.
newbie
Activity: 7
Merit: 0
Yea, I'm really wanting to be wrong and have Deprived show back up in 4 days when ciphertrade opens. *crossed fingers*
legendary
Activity: 1386
Merit: 1000
usagi last login 10th december.
Deprived has eloped with Usagi and funds

Deprived
creativex
Usagi
John K.

So many prominent members of this forum have gone missing.

There's no obvious link between them IMHO

Apparently John K is back-

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

Hey guys,

Sorry for my (yet again) unannounced hiatus for the past month or so - I have been extremely busy due to heavy travelling and am just back to Malaysia from China. I am alive,
although not really well and extremely apologetic for what my delay have done. I've released a few escrows I've been holding in the order of magnitude and those I can
clear within this hour.

bitcointalk forum coins (of 1000 BTC)
https://blockchain.info/tx/fe43797656265047b886de3bbac48d720cf60b4dfeadb61fa87434a80ba7f72b

I'll clear the raffle coins once I figure out who won as I didn't receive a PM regarding this yet, but be rest assured that I'll clear this ASAP.


I'll be back to clear everything else once I get back to the States again - I'm catching another intercontinental flight in roughly 12 hours which should last around 25 hours including
 layovers, and hopefully I'll use the jet lag when I reach there to clear the remaining urgent escrows.

Best,
John
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=St4X
-----END PGP SIGNATURE-----


Attached email from theymos:

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256

John K.,

Please sent the 1000 bitcoins you are holding for the forum to the following address controlled by me:
1M4yNbSCwSMFLF9BaLqzoo2to1WHtZrPke

This is an official order. Your treasurer agreement requires that you execute this transaction within 14 days (except in certain special cases which I do not believe apply here).

Thank you.
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29dESb1O13xhxuLysTYBAJW4NvGIn51E4NPHWIBmr7Iv2B/X/Xc7KePk5iBrK+wd
=rMnT
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legendary
Activity: 1946
Merit: 1035
usagi last login 10th december.
Deprived has eloped with Usagi and funds

Deprived
creativex
Usagi
John K.

So many prominent members of this forum have gone missing.

There's no obvious link between them IMHO
legendary
Activity: 882
Merit: 1000
What's the link between usagi and deprived? Why we need to care about usagi?
full member
Activity: 196
Merit: 100
usagi last login 10th december.
Deprived has eloped with Usagi and funds
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