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Topic: Gigamining / Teramining - page 16. (Read 216456 times)

member
Activity: 101
Merit: 10
May 21, 2013, 02:15:31 AM
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".
newbie
Activity: 53
Merit: 0
May 21, 2013, 12:01:52 AM
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.
hero member
Activity: 614
Merit: 500
May 20, 2013, 11:03:26 PM
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?
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 20, 2013, 09:43:27 PM
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.
newbie
Activity: 19
Merit: 0
May 20, 2013, 09:36:28 PM
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.
legendary
Activity: 2114
Merit: 1031
May 19, 2013, 05:42:53 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...
legendary
Activity: 4466
Merit: 3391
May 16, 2013, 07:09:03 PM
In real life, he would have already been lynched several times.

That's an odd thing to write. This is "real life".
hero member
Activity: 826
Merit: 1000
May 16, 2013, 03:01:47 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.
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
May 16, 2013, 02:33:26 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.
hero member
Activity: 826
Merit: 1000
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.
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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"
member
Activity: 108
Merit: 10
May 16, 2013, 01:05:47 PM
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.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 16, 2013, 06:24:24 AM
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.
legendary
Activity: 1855
Merit: 1016
May 16, 2013, 04:24:42 AM
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?
donator
Activity: 3108
Merit: 1166
May 16, 2013, 04:20:58 AM
An update on other ASICs coming on-stream (non BFL ones)
member
Activity: 101
Merit: 10
May 16, 2013, 02:02:36 AM
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.

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?"
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 15, 2013, 06:53:51 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.

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.
legendary
Activity: 1270
Merit: 1000
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.

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.
legendary
Activity: 2618
Merit: 1007
May 15, 2013, 07:53:37 AM
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.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 15, 2013, 07:22:52 AM
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.
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