Gigamining / Teramining - page 24. | Bitcointalksearch.org

Lucidize

member

Activity: 61

Merit: 10

Quote from: Jimmy2011 on April 05, 2013, 08:33:11 AM

It's said that I need to go to US Embassy for the notary if I want to claim my shares.
And the cost is $50, Right?
Who will cover the cost?
The customer? James? Or both of them?

That's cheap!

In the UK I had to pay £115 which works out at around $175

PsychoticBoy

donator

Activity: 1890

Merit: 1010

Parental Advisory Explicit Content

Quote from: Jimmy2011 on April 05, 2013, 08:33:11 AM

It's said that I need to go to US Embassy for the notary if I want to claim my shares.
And the cost is $50, Right?
Who will cover the cost?
The customer? James? Or both of them?

Uhhhh YOU!

Jimmy2011

hero member

Activity: 589

Merit: 500

It's said that I need to go to US Embassy for the notary if I want to claim my shares.
And the cost is $50, Right?
Who will cover the cost?
The customer? James? Or both of them?

creativex

sr. member

Activity: 434

Merit: 250

How does any of this jive with recent FinCEN guidance?

boonies4u

hero member

Activity: 826

Merit: 1000

Quote from: TiuraZ on April 04, 2013, 10:19:55 AM

Quote from: jamesg on April 04, 2013, 08:34:49 AM

Quote from: Naelr on April 04, 2013, 08:28:43 AM

How bout it James at least an answer as to why you choose not to try to do something. I have posted this very scenario 3 times at least.

Knowingly allowing the trading of Gigamining contracts under my control would put Gigamining in a classification where I would need to register with a bunch of three letter agencies and would need to spend an exorbitant amount of fiat on lawyers and government fees.

This is the same reason that Coinlab does not allow the buying and selling of their loyalty points between miners.

So you don't want to allow trading of Gigamining contracts because of these three letter agencies, but you demand us, your customers, to go through your ridiculous claiming process because of those same agencies?

If the 3 letter agencies get involved so you can transfer your contracts both you and the buyer will have to submit information. Both of you will likely have to submit more information than just going through this claims process as well.

TiuraZ

member

Activity: 101

Merit: 10

Quote from: jamesg on April 04, 2013, 08:34:49 AM

Quote from: Naelr on April 04, 2013, 08:28:43 AM

How bout it James at least an answer as to why you choose not to try to do something. I have posted this very scenario 3 times at least.

Knowingly allowing the trading of Gigamining contracts under my control would put Gigamining in a classification where I would need to register with a bunch of three letter agencies and would need to spend an exorbitant amount of fiat on lawyers and government fees.

This is the same reason that Coinlab does not allow the buying and selling of their loyalty points between miners.

So you don't want to allow trading of Gigamining contracts because of these three letter agencies, but you demand us, your customers, to go through your ridiculous claiming process because of those same agencies?

Naelr

full member

Activity: 231

Merit: 100

Quote from: jamesg on April 04, 2013, 08:34:49 AM

Quote from: Naelr on April 04, 2013, 08:28:43 AM

How bout it James at least an answer as to why you choose not to try to do something. I have posted this very scenario 3 times at least.

Knowingly allowing the trading of Gigamining contracts under my control would put Gigamining in a classification where I would need to register with a bunch of three letter agencies and would need to spend an exorbitant amount of fiat on lawyers and government fees.

This is the same reason that Coinlab does not allow the buying and selling of their loyalty points between miners.

Thank you that is an answer I can live with and much better then silence. You will hear no more from me on this subject. I hate that is has to be this way then. If you posted something similar earlier on in this thread I apologize for missing it.

Naelr

jamesg

vip

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AKA: gigavps

Quote from: Naelr on April 04, 2013, 08:28:43 AM

How bout it James at least an answer as to why you choose not to try to do something. I have posted this very scenario 3 times at least.

Knowingly allowing the trading of Gigamining contracts under my control would put Gigamining in a classification where I would need to register with a bunch of three letter agencies and would need to spend an exorbitant amount of fiat on lawyers and government fees.

This is the same reason that Coinlab does not allow the buying and selling of their loyalty points between miners.

Naelr

full member

Activity: 231

Merit: 100

I still don't understand why this is so difficult. James knows via payout address who has his contracts. If 2 parties agree on a price and through the blockchain we pay in BTC. James will know who it came from and who it went too and he can transfer the contracts to the buying party. The party that is unable/unwilling to go through the claims process is satisfied, the person buying the claims is satisfied and james keeps his name on the positive side of this whole GLBSE shitstorm we are all caught up in. No different then what we were doing on GLBSE just an extra step. I can only see 2 reasons James doesn't agree to this.

1. Some legal mumbo jumbo.

2. He stands to make more BTC by keeping the unclaimed contracts for himself.

I really hope it is the former and not the latter. We see the writing on the wall and know what kind of BTC he is bringing in right now. I would hope he would want to do the right thing.

How bout it James at least an answer as to why you choose not to try to do something. I have posted this very scenario before.

https://bitcointalksearch.org/topic/m.1606524

Naelr

boonies4u

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Activity: 826

Merit: 1000

Quote from: randomguy7 on April 02, 2013, 06:12:31 PM

Quote from: jamesg on April 02, 2013, 06:09:43 PM

Quote from: ashitaka on April 02, 2013, 06:05:05 PM

Quote from: randomguy7 on April 02, 2013, 06:01:30 PM

Quote from: ashitaka on April 02, 2013, 05:53:21 PM

Has anybody sold his shares to another user privately with success? I have 85 shares and want to do it, I really don't want to make that verification process Sad

Wouldn't be very smart to say this in public, would it? Wink

Sounds logical
So I'll correct myself, I don`t have 184 shares that I'm not willing to sell them so someone that has already verified himself. Don't PM me

Amazing how there is only 1 person with 184 contracts. Tongue

Please use the official claims process to have your claim verified and paid.

How should this matter? You won't know if it's ashitaka who made the claim or somebody else.

It doesn't matter! Giga can't tell people they can have someone else claim their contracts, but there's nothing stopping you from doing this privately. The only way he will know if that you do this is if he already had your private information and/or one of the parties announces it publicly.

Do I really have to be so blunt?

herzmeister

legendary

Activity: 1764

Merit: 1007

Quote from: jamesg on April 02, 2013, 06:17:12 PM

with our attorneys.

...who won't put themselves out of business of course Cheesy

jamesg

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Quote from: randomguy7 on April 02, 2013, 06:13:57 PM

Btw, gigavps, maybe I missed it but is there any news regarding the claims process and the FinCEN news?

VPS is reviewing the FINCEN guidelines with our attorneys.

randomguy7

hero member

Activity: 527

Merit: 500

Btw, gigavps, maybe I missed it but is there any news regarding the claims process and the FinCEN news?

randomguy7

hero member

Activity: 527

Merit: 500

Quote from: jamesg on April 02, 2013, 06:09:43 PM

Quote from: ashitaka on April 02, 2013, 06:05:05 PM

Quote from: randomguy7 on April 02, 2013, 06:01:30 PM

Quote from: ashitaka on April 02, 2013, 05:53:21 PM

Has anybody sold his shares to another user privately with success? I have 85 shares and want to do it, I really don't want to make that verification process Sad

Wouldn't be very smart to say this in public, would it? Wink

Sounds logical
So I'll correct myself, I don`t have 184 shares that I'm not willing to sell them so someone that has already verified himself. Don't PM me

Amazing how there is only 1 person with 184 contracts. Tongue

Please use the official claims process to have your claim verified and paid.

How should this matter? You won't know if it's ashitaka who made the claim or somebody else.

jamesg

vip

Activity: 1358

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AKA: gigavps

Quote from: ashitaka on April 02, 2013, 06:05:05 PM

Quote from: randomguy7 on April 02, 2013, 06:01:30 PM

Quote from: ashitaka on April 02, 2013, 05:53:21 PM

Has anybody sold his shares to another user privately with success? I have 85 shares and want to do it, I really don't want to make that verification process Sad

Wouldn't be very smart to say this in public, would it? Wink

Sounds logical
So I'll correct myself, I don`t have 184 shares that I'm not willing to sell them so someone that has already verified himself. Don't PM me

Amazing how there is only 1 person with 184 contracts. Tongue

Please use the official claims process to have your claim verified and paid.

ashitaka

newbie

Activity: 31

Merit: 0

Quote from: randomguy7 on April 02, 2013, 06:01:30 PM

Quote from: ashitaka on April 02, 2013, 05:53:21 PM

Has anybody sold his shares to another user privately with success? I have 85 shares and want to do it, I really don't want to make that verification process Sad

Wouldn't be very smart to say this in public, would it? Wink

Sounds logical
So I'll correct myself, I don`t have 184 shares that I'm not willing to sell them so someone that has already verified himself. Don't PM me

randomguy7

hero member

Activity: 527

Merit: 500

Quote from: ashitaka on April 02, 2013, 05:53:21 PM

Has anybody sold his shares to another user privately with success? I have 85 shares and want to do it, I really don't want to make that verification process Sad

Wouldn't be very smart to say this in public, would it? Wink

ashitaka

newbie

Activity: 31

Merit: 0

Has anybody sold his shares to another user privately with success? I have 85 shares and want to do it, I really don't want to make that verification process Sad

vrtrasura

member

Activity: 62

Merit: 10

...

Question: how do you justify denying a refund?

jamesg

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Quote from: vrtrasura on April 02, 2013, 12:12:46 PM

Apologies I missed that update. That said, those stats don't show much about the unclaimed at all. I got the impression from your post a month ago you would think about compromises or alternate options.

There are no alternate options for receiving back payments or upgrading to Teramining at this time. However, in thinking about how to handle things once the claims process is done, I want to be as transparent as possible, hence the full release of the stats surrounding claims / payments and what will happen after that time has come.

We are two months from that time, so unless claims slow down again, I will wait until then to post the final results.

Topic: Gigamining / Teramining - page 24. (Read 216462 times)