Topic: Gigamining / Teramining - page 16. (Read 216477 times)

It costs me money

Do you have a US Embassy close by?

I pay about the same if not more than I'd get in BTC

This is quite a shortsighted view, especially if you believe in bitcoin and its potential.

US law firm/"lawyer"

I have explained how Quentin works with the Fleites Law Firm. There is no need to go into this again.

If I get reimbursed for the costs that I have to bear to have YOU continue legally what you are doing and if I get better information where my personal information ends up, that might change.

I have spent close to $20k to make sure we ALL can continue.

I'm not involved in this, but really feel badly for all involved. I would just say to contract holders, what would you do if you were in giga's shoes? He had no way to anticipate the exchange would close and seems to be doing everything possible to make things right. The real jerks are the ones who closed the exchange suddenly, leaving issuers and holders of securities to try and sort things out.

He could have done it like many other issuers, by the shareholder list that he got from the GLBSE but instead he decided to get a lawyer involved which made things more complicated to everyone, also for himself. Also, this lawyer and affidavit and notary bullshit isn't going to help him if some three letter agency wants to go after him, because I don't think they will listen his explanations: "see, I used to sell illegal securities to anonymous people, but I'm not doing it anymore, see, I have all these copies of passports here, please don't put me in jail".

Jaseph

newbie

Activity: 53

Merit: 0

It costs me money

Do you have a US Embassy close by?

I pay about the same if not more than I'd get in BTC

This is quite a shortsighted view, especially if you believe in bitcoin and its potential.

US law firm/"lawyer"

I have explained how Quentin works with the Fleites Law Firm. There is no need to go into this again.

Quote from: merster on May 20, 2013, 09:36:28 PM

If I get reimbursed for the costs that I have to bear to have YOU continue legally what you are doing and if I get better information where my personal information ends up, that might change.

I have spent close to $20k to make sure we ALL can continue.

I'm not involved in this, but really feel badly for all involved. I would just say to contract holders, what would you do if you were in giga's shoes? He had no way to anticipate the exchange would close and seems to be doing everything possible to make things right. The real jerks are the ones who closed the exchange suddenly, leaving issuers and holders of securities to try and sort things out.

Daily Anarchist

hero member

Activity: 614

Merit: 500

What would 27 shares, including accumulated capital, be worth right now? I want to know how much I have locked up in this to decide if it's worth it to me to jump through all of the hoops. I have the password to my account on GLBSE, which I still believe should be enough. There's a website out there with the hashes to the login passwords, and if you can get that, that should be enough, as far as I'm concerned.

Also, what are the hoops I'd have to jump through to get my shares/dividends?

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Quote from: jamesg on January 30, 2013, 01:24:14 PM

Quote from: xkrikl on January 30, 2013, 11:52:59 AM

So I'm starting to consider to donate my bonds or their value to Bitcoin Foundation if you offer this option.

This option is not on the table at this time as the claims process is nowhere near over. If we ever get to a place where most claims have been paid, we can revisit the issue.

Could we revisit the issue now? I'd prefer my portion be donated to WikiLeaks rather than Bitcoin Foundation.

The claims process is over on Thursday. Once we are over that hurdle, I'll be giving out details of what will happen with "unclaimed" Gigamining contracts.

If you haven't claimed, please do.

merster

newbie

Activity: 19

Merit: 0

Quote from: jamesg on January 30, 2013, 01:24:14 PM

Quote from: xkrikl on January 30, 2013, 11:52:59 AM

So I'm starting to consider to donate my bonds or their value to Bitcoin Foundation if you offer this option.

This option is not on the table at this time as the claims process is nowhere near over. If we ever get to a place where most claims have been paid, we can revisit the issue.

Could we revisit the issue now? I'd prefer my portion be donated to WikiLeaks rather than Bitcoin Foundation.

kjlimo

legendary

Activity: 2128

Merit: 1031

Quote from: odolvlobo on May 16, 2013, 07:09:03 PM

Quote from: conspirosphere.tk on May 16, 2013, 02:33:26 PM

In real life, he would have already been lynched several times.

That's an odd thing to write. This is "real life".

exactly what I thought when I read this, haha.

Fortunately, the legal system protects him from lynching... and appropriately so, you silly person...

odolvlobo

legendary

Activity: 4522

Merit: 3426

Quote from: conspirosphere.tk on May 16, 2013, 02:33:26 PM

In real life, he would have already been lynched several times.

That's an odd thing to write. This is "real life".

boonies4u

hero member

Activity: 826

Merit: 1000

Quote from: conspirosphere.tk on May 16, 2013, 02:33:26 PM

Quote from: boonies4u on May 16, 2013, 02:23:08 PM

Quote from: conspirosphere.tk on May 16, 2013, 01:22:08 PM

Quote from: boonies4u on May 16, 2013, 02:23:08 PM

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.

Brilliant: "I am not a thieve: I just keep your coins for the moment"

He's waiting for people to claim shares. He can't legally push dividends to unknown parties.

But he got no problems getting other people's coins no questions asked. No legal worries at all for that.
In real life, he would have already been lynched several times.

If he was going to do this in meatspace he probably would have had gotten attention from the feds a lot sooner.

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Quote from: conspirosphere.tk on May 16, 2013, 01:22:08 PM

Quote from: conspirosphere.tk on May 16, 2013, 01:22:08 PM

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.

Brilliant: "I am not a thieve: I just keep your coins for the moment"

He's waiting for people to claim shares. He can't legally push dividends to unknown parties.

But he got no problems getting other people's coins no questions asked. No legal worries at all for that.
In real life, he would have already been lynched several times.

boonies4u

hero member

Activity: 826

Merit: 1000

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.

Brilliant: "I am not a thieve: I just keep your coins for the moment"

He's waiting for people to claim shares. He can't legally push dividends to unknown parties.

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.

Brilliant: "I am not a thieve: I just keep your coins for the moment"

singular

member

Activity: 108

Merit: 10

Unclaimed shares should collect dividends in perpetuitiy like stocks do with dividends if owner does not provide bank account number, dividends never become property a company. So if at a later time bitcoin becomes really valued, owners should do the claiming process then.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

If I had a definitive answer to this question, I would have answered it.

dishwara

legendary

Activity: 1855

Merit: 1016

Quote from: jamesg on May 15, 2013, 06:53:51 PM

It costs me money

Do you have a US Embassy close by?

I am in Trichy, US Embassy is in Chennai. Trichy-Chennai is 316 Kilometers

You can check it out here http://www.distancebetween.in/Chennai/and/Trichy.

I can get notarization, can give my id proof, address proof, tax number, except Apostile.

Gigavps tell what i have to do to get back my shares?

Otoh

donator

Activity: 3136

Merit: 1167

An update on other ASICs coming on-stream (non BFL ones)

TiuraZ

member

Activity: 101

Merit: 10

Quote from: lame.duck on May 15, 2013, 05:35:27 PM

There is no "reappropriation".

So, what happens with the unclaimed shares?

US Law trumps any contract. The only way to keep Gigamining / Teramining going is to do what has been done. Otherwise, no one would be paid back payments or be allowed to continue.

Pacta sunt servanda

and there was no clause stating that shareholder has to pay for cost of some sort of legal papers. So its your part to pay for the cost. Its your fault that as a serious business man did not asked your lawyer for the regulations.

Quote from: lame.duck on May 15, 2013, 05:35:27 PM

I have spent close to $20k to make sure we ALL can continue.

No, you spend $20k to pay for something that is YOUR problem. If you did not check for legal needs before issuing the bonds thats your fault. So you are two options reverse the contract by repaying the original price or paying your debt.

You can assign blame all day long. If you want to blame me for everything, I'm OK with that.

The fact remains that we are all in this together.

Of course you're okay with that. You have our money.

Also, have you anywhere in this thread answered to that first question: "So, what happens with the unclaimed shares?"

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

There is no "reappropriation".

So, what happens with the unclaimed shares?

US Law trumps any contract. The only way to keep Gigamining / Teramining going is to do what has been done. Otherwise, no one would be paid back payments or be allowed to continue.

Pacta sunt servanda

and there was no clause stating that shareholder has to pay for cost of some sort of legal papers. So its your part to pay for the cost. Its your fault that as a serious business man did not asked your lawyer for the regulations.

I have spent close to $20k to make sure we ALL can continue.

No, you spend $20k to pay for something that is YOUR problem. If you did not check for legal needs before issuing the bonds thats your fault. So you are two options reverse the contract by repaying the original price or paying your debt.

You can assign blame all day long. If you want to blame me for everything, I'm OK with that.

The fact remains that we are all in this together.

lame.duck

legendary

Activity: 1270

Merit: 1000

There is no "reappropriation".

So, what happens with the unclaimed shares?

US Law trumps any contract. The only way to keep Gigamining / Teramining going is to do what has been done. Otherwise, no one would be paid back payments or be allowed to continue.

Pacta sunt servanda

and there was no clause stating that shareholder has to pay for cost of some sort of legal papers. So its your part to pay for the cost. Its your fault that as a serious business man did not asked your lawyer for the regulations.

I have spent close to $20k to make sure we ALL can continue.

No, you spend $20k to pay for something that is YOUR problem. If you did not check for legal needs before issuing the bonds thats your fault. So you are two options reverse the contract by repaying the original price or paying your debt.

Sukrim

legendary

Activity: 2618

Merit: 1007

It costs me money

Do you have a US Embassy close by?

~2.5 to 3h train ride one way that costs ~20 USD converted (again one way) if I get a cheap ticket. Depending on definiton of "close" that might be closer than for others but still quite far.

I pay about the same if not more than I'd get in BTC

This is quite a shortsighted view, especially if you believe in bitcoin and its potential.

I could get more BTC than I'd get from your contract if I invest the train ticket/gas money, notary costs + time invested directly into BTC than getting the ones back you hold. Investing into mining actually means shorting BTC, there is a good explanation on this forum somewhere.

If I get reimbursed for the costs that I have to bear to have YOU continue legally what you are doing and if I get better information where my personal information ends up, that might change.

I have spent close to $20k to make sure we ALL can continue.

So the ~100 USD it would cost per share holder to reimburse them is too much? Also so far there is no "we" as my funds are still held hostage even though you know exactly where to send them.

jamesg

vip

Activity: 1358

Merit: 1000

AKA: gigavps

It costs me money

Do you have a US Embassy close by?

I pay about the same if not more than I'd get in BTC

This is quite a shortsighted view, especially if you believe in bitcoin and its potential.

US law firm/"lawyer"

I have explained how Quentin works with the Fleites Law Firm. There is no need to go into this again.