I am curious though there is a possible air of legitimacy about it
Only time will tell for certain as Avalon also seems to be having these threats set against them
Makes me a bit nervous since AM is china as well but I trust Friedcat more than anything else
I do have a question Aiwill is this related to the Avalon Incident? Extortion from same entity
For those who aren't caught up on Avalon
http://www.avalon-asics.com/
Hopefully I am not seeing a trend here of extortion in Chinese IPO's becoming commonplace.
Topic: [BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon - page 9. (Read 197987 times)
August 12, 2013, 02:34:02 AM
August 12, 2013, 02:33:13 AM
so in other words these guys got a 0% interest loan from our community.. cool, hope their asic business does well and make them rich
August 12, 2013, 02:31:30 AM
Duuude, are you trying to tell me I should only invest what I can afford to loose? 
That's the stupidest "rule" in bitcoin town.
It's like when you get your car stolen and the police tells you:
"Well, why did you drive such an expensive car?? You should only buy a car you can afford to loose!"
That's the stupidest "rule" in bitcoin town.
It's like when you get your car stolen and the police tells you:
"Well, why did you drive such an expensive car?? You should only buy a car you can afford to loose!"
The cops should tell you exactly that, if you're uninsured.
There is no "insurance" in this particular investment ie. only invest what you can afford to lose
August 12, 2013, 02:29:17 AM
Thanks for the headsup.
August 12, 2013, 02:28:57 AM
Well done! Real Bitcoiner.
August 12, 2013, 02:28:28 AM
Not sure how a buyback would lose peoples trust in Bitcoin. If anything, it would earn trust. Shareholders are being GIVEN BACK THEIR MONEY, what more could you ask for from a failed company? That's an incredible victory for bitcoin securities.
August 12, 2013, 02:25:11 AM
1. some other people started some serious dumping action
2. many people sold their shares for a loss to buy back later as a result
c: They are screwed
That is BTCGarden's responsibility because...?
2. many people sold their shares for a loss to buy back later as a result
c: They are screwed
That is BTCGarden's responsibility because...?
Really?
Maybe because they wanted to do business and decided to IPO, which means they sold shares of their company to their investors (those people who are screwed because they funded them) and so they should care about them and not just go full retard and suddently close down everything without a warning because some kid talked shit.
If Mt.Gox shut down everytime some kid talked shit about them or faced some problems.. well.. you know what I mean.
Also, they are a mining company which tells me they should care about bitcoin and the economy and doing this isn't good for bitcoin at all.
People lost money, so they loose interest in bitcoin and just wait what happens to the exchange rate when those 32064 BTC hit the market.
Also there's always a risk when you invest in a company. Especially a bitcoin one. Even moreso when the majority of investors here don't truly understand the world these people operate in because we're westerners.
Duuude, are you trying to tell me I should only invest what I can afford to loose?
That's the stupidest "rule" in bitcoin town.
It's like when you get your car stolen and the police tells you:
"Well, why did you drive such an expensive car?? You should only buy a car you can afford to loose!"
A few weeks ago everybody was screeming SCAM SCAM,
because there was only a "MS Paint Chip Drawing" and now everybody is totally cool with it.
I don't get it.
I think about requesting a scammer tag,
August 12, 2013, 02:20:32 AM
I am Chinese live in China, I do not understand too.
Force buy back all shares just because one random jerk calling to police, it's ridiculous. Ridiculous even in North Korea.
Force buy back all shares just because one random jerk calling to police, it's ridiculous. Ridiculous even in North Korea.
It was a scam all along. But they got scammed by a better scammer before being able to get the pay-off.
Anyone stupid enough to give GARDEN their BTC is also stupid enough to believe their ludicrous 'lone conman' story.
Thankfully iCE.DRiLL will not have its reputation sullied by being listed among the scams at the BTCT boiler room.
August 12, 2013, 02:18:49 AM
I imagine a certain percentage of them will leave the market by fear.
August 12, 2013, 02:09:52 AM
So where all the coins heading?
August 12, 2013, 02:08:39 AM
Wow well its not that we don't have our own bounty hunters to get scammers here
They are so prevalent but it is an interesting decision, best of luck.
I must admit that I agree with everyone that Chinese Regulations are vague
But they are as similar as others on it, with groups like ASICminer around the bitcoins are mobile.
Last I heard their were still conferences in China about bitcoin but I guess the climate can change suddenly.
It is a very interesting story I hope your personal security is improved and that as a company you are able to grow.
They are so prevalent but it is an interesting decision, best of luck.
I must admit that I agree with everyone that Chinese Regulations are vague
But they are as similar as others on it, with groups like ASICminer around the bitcoins are mobile.
Last I heard their were still conferences in China about bitcoin but I guess the climate can change suddenly.
It is a very interesting story I hope your personal security is improved and that as a company you are able to grow.
August 12, 2013, 02:07:35 AM
Yeah I agree yuansuyi it sounds crazy. But I'm not one to judge I have no reference experiences.
August 12, 2013, 02:04:35 AM
1. some other people started some serious dumping action
2. many people sold their shares for a loss to buy back later as a result
c: They are screwed
That is BTCGarden's responsibility because...?
Also there's always a risk when you invest in a company. Especially a bitcoin one. Even moreso when the majority of investors here don't truly understand the world these people operate in because we're westerners.
2. many people sold their shares for a loss to buy back later as a result
c: They are screwed
That is BTCGarden's responsibility because...?
Also there's always a risk when you invest in a company. Especially a bitcoin one. Even moreso when the majority of investors here don't truly understand the world these people operate in because we're westerners.
I am Chinese live in China, I do not understand too.
Force buy back all shares just because one random jerk calling to police, it's ridiculous. Ridiculous even in North Korea.
August 12, 2013, 01:54:22 AM
1. some other people started some serious dumping action
2. many people sold their shares for a loss to buy back later as a result
c: They are screwed
That is BTCGarden's responsibility because...?
Also there's always a risk when you invest in a company. Especially a bitcoin one. Even moreso when the majority of investors here don't truly understand the world these people operate in because we're westerners.
2. many people sold their shares for a loss to buy back later as a result
c: They are screwed
That is BTCGarden's responsibility because...?
Also there's always a risk when you invest in a company. Especially a bitcoin one. Even moreso when the majority of investors here don't truly understand the world these people operate in because we're westerners.
August 12, 2013, 01:46:49 AM
This is a really sad end, as I have a few hundreds coins in it, but this is probably the smartest decision for BTC-Garden to make. The legal risk in China is higher than most of you could imagine. Its not impossible for government to seize their assets - if that happen, everyone lose way more than just 10 days opportunity cost.
Srsly, there's always a risk when you start a company and they knew about this before the IPO..
Well, at least I expect them to know about it before collecting millions from investors.
I mean this is not like selling cars or something where you can do a backorder if there is something wrong.
They sold ALOT of shares and people started trading them,
some other people started some serious dumping action (which didn't make sense at all)
and because of this many people sold their shares for a loss to buy back later..
They are screwed now.
This is messed up and just buying back for the IPO price won't fix this.
August 12, 2013, 01:46:30 AM
August 12, 2013, 01:43:37 AM
If this is the case, show your evidence, defend yourself, and deal with the police.
Why just cancel everything?
Only the police deal with you,you can't deal with the police.Why just cancel everything?
And,welcome to China.
The risk isn't worth it. Chinese prisons are pretty fucked up. Torture can be a horrible thing..
August 12, 2013, 01:40:44 AM
If this is the case, show your evidence, defend yourself, and deal with the police.
Why just cancel everything?
Only the police deal with you,you can't deal with the police.Why just cancel everything?
And,welcome to China.
August 12, 2013, 01:39:20 AM
aiwill knows who firedcat is, and police know who aiwill is.
police can know who firedcat is, if they want to do so.
police can know who firedcat is, if they want to do so.
August 12, 2013, 01:32:46 AM
Fact: we never did such thing, btcsea's traffic wasn't much different in those days of IPO as any other day before that.
If this is the case, show your evidence, defend yourself, and deal with the police.
Why just cancel everything?
Due to the immature laws of china....
and there are actually a ton of scamers there.( Avalon is suffering the same.)
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