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Topic: Gigamining / Teramining - page 34. (Read 216456 times)

hero member
Activity: 527
Merit: 500
February 23, 2013, 04:52:57 PM
If anyone has any questions about why there is a claims process at all, you can read about it at the link below.

https://bitcointalksearch.org/topic/--127437

VPS has proven to pay those who claim.

I ask everyone who owns Gigamining to submit a claim.

Best,
James

Instead of publishing enormous amounts of lawyer text, the point which you keep avoiding is that it should be possible to revert all payments if people do not want to accept your new conditions. The same situation has to be created as before they entered into your (alleged) illegal contract. We don't need a lawyer to know that is the only right thing to do and stealing isn't.


This.
hero member
Activity: 728
Merit: 500
In cryptography we trust
February 23, 2013, 04:46:29 PM
If anyone has any questions about why there is a claims process at all, you can read about it at the link below.

https://bitcointalksearch.org/topic/--127437

VPS has proven to pay those who claim.

I ask everyone who owns Gigamining to submit a claim.

Best,
James

Instead of publishing enormous amounts of lawyer text, the point which you keep avoiding is that it should be possible to revert all payments if people do not want to accept your new conditions. The same situation has to be created as before they entered into your (alleged) illegal contract. We don't need a lawyer to know that is the only right thing to do and stealing isn't.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
February 23, 2013, 04:36:11 PM
If anyone has any questions about why there is a claims process at all, you can read about it at the link below.

https://bitcointalksearch.org/topic/--127437

VPS has proven to pay those who claim.

I ask everyone who owns Gigamining to submit a claim.

Best,
James
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
February 23, 2013, 04:06:35 PM
It's a huge opportunity for someone to start a professional company to collectively go after cases like this one (pirate, bitcoinica, glbse, gigavps).

I would happily pay with a half of my Gigamining bonds to anyone who sue and/or indicts Giga (and the same for the issuers of Bitbond, Fpgamining, ...)
hero member
Activity: 896
Merit: 1000
February 23, 2013, 03:59:44 PM
Was the comment about Quentin directed at me or Giga?

to Giga, guess i could have quoted that batter  Cool



Giga you should have your lawyer contact me. otherwise i have to get a lawyer of my own and surely that's not where you want this going

He has sold securities (a bond) without license a criminal offence that is why he has people committing perjury when claiming a supposed contract in the claim form when people originally purchased a bond. BTW people may want to contact the IRS to ensure he has indeed reported this income.

THIS


i want your lawyer to explain it.

you have my email. tell him to get ahold of me. if a phone number works better please send a PM
SAC
sr. member
Activity: 322
Merit: 250
February 23, 2013, 03:48:37 PM

btw your supposed lawyer can't even answer emails so hope you have a better defense lawyer  Cheesy

He has engaged a criminal defence law firm not a business/contractual one so that is his criminal lawyer. 


As long as VPS isn't a criminal or terrorist organization I believe that they can hold onto the dividends of unclaimed bonds until they are claimed and/or determined to be "Unclaimed Property" which seems to be until May 23, 2013.

A judge would realize that VPS is just trying to comply with "regulatory and taxation" laws and responsibilities. I assume VPS has all the necessary documentation to report the funds they earned from selling bonds and mining bitcoins. They have certain responsibilities and duties when it comes to receiving documentation on bond holders as well.


He has sold securities (a bond) without license a criminal offence that is why he has people committing perjury when claiming a supposed contract in the claim form when people originally purchased a bond. BTW people may want to contact the IRS to ensure he has indeed reported this income.
hero member
Activity: 826
Merit: 1000
February 23, 2013, 03:27:35 PM
What will happen to the shares that are not claimed by then?
Do they recieve any buyback to the bitcoinaddresses they provided to GLBSE to claim their accounts?
You know who owns what and with what bitcoinaddress, lets say a buyback/ last dividend for the unclaimed shares, sounds fair doesn`t it.

It would be the first fair scam we've seen.

Best thing you can do imo is deal with your loss, never deal with this person again and move on.


If people could be paid for unclaimed bonds there would be no need for them to enter a claims process.

I assume Giga will not be paying unidentified parties as this could attract "regulatory and taxation scrutiny".

how about taking money in the first place from unidentified users?

what would a judge say to someone taking money then suddenly changing the rules and saying they need to jump through hoops to get what they paid for?

who wants to go in on a lawyer to take him down? demand would be original purchase price in btc of the bonds, payment for time wasted, and for our lawyer.


btw your supposed lawyer can't even answer emails so hope you have a better defense lawyer  Cheesy

As long as VPS isn't a criminal or terrorist organization I believe that they can hold onto the dividends of unclaimed bonds until they are claimed and/or determined to be "Unclaimed Property" which seems to be until May 23, 2013.

A judge would realize that VPS is just trying to comply with "regulatory and taxation" laws and responsibilities. I assume VPS has all the necessary documentation to report the funds they earned from selling bonds and mining bitcoins. They have certain responsibilities and duties when it comes to receiving documentation on bond holders as well.

Why do you want to take Giga down? If you were to receive funds due to a court order or settlement you should expect to submit similar documentation to either the courts or the lawyer.

Was the comment about Quentin directed at me or Giga?
hero member
Activity: 728
Merit: 500
In cryptography we trust
February 23, 2013, 03:15:41 PM
It's a huge opportunity for someone to start a professional company to collectively go after cases like this one (pirate, bitcoinica, glbse, gigavps).

I'm sure the market will provide it eventually, because the way it is currently handled is not effective.
hero member
Activity: 896
Merit: 1000
February 23, 2013, 03:10:42 PM
I assume Giga will not be paying unidentified parties as this could attract "regulatory and taxation scrutiny".

how about taking money in the first place from unidentified users?

what would a judge say to someone taking money then suddenly changing the rules and saying they need to jump through hoops to get what they paid for?

who wants to go in on a lawyer to take him down? demand would be original purchase price in btc of the bonds, payment for time wasted, and for our lawyer.


btw your supposed lawyer can't even answer emails so hope you have a better defense lawyer  Cheesy
hero member
Activity: 728
Merit: 500
In cryptography we trust
February 23, 2013, 03:08:32 PM
What will happen to the shares that are not claimed by then?
Do they recieve any buyback to the bitcoinaddresses they provided to GLBSE to claim their accounts?
You know who owns what and with what bitcoinaddress, lets say a buyback/ last dividend for the unclaimed shares, sounds fair doesn`t it.

It would be the first fair scam we've seen.

He offered you an unlawful contract (according to him and his lawyer) but is not willing to reverse it. It is a scam designed to keep your money. Best thing you can do imo is deal with your loss, never deal with this person again and move on. Or don't accept it and keep pointing it out to warn other users.
hero member
Activity: 826
Merit: 1000
February 23, 2013, 03:07:46 PM
donator
Activity: 1890
Merit: 1010
Parental Advisory Explicit Content
February 23, 2013, 03:02:52 PM
vip
Activity: 1358
Merit: 1000
AKA: gigavps
February 23, 2013, 02:32:49 PM
Final request for claims

https://www.virtualprocessingsolutions.com/claims

VPS will keep the claims process open for another three months through May 23, 2013.

Quote
To the bitcoin/gigamining community:

Virtual Processing Solutions, LLC (hereinafter VPS) has entered into a number of assignable agreements (sometimes known as “gigamining”), whereby, among its other provisions, in exchange for financial consideration, VPS agreed to conduct electronic data processing services and provide some portion of the outcome of this processing in the form of “bitcoins” to the current beneficial assignees of these agreements.  

These agreements were offered and subsequently traded on www.glbse.com.  As you may be aware, www.glbse.com has suspended normal operations.  It is the intention of VPS to comply with its obligations pursuant to these agreements to the extent consistent with U.S., international, and local law.  While VPS is not aware of any current regulatory action involving www.glbse.com or itself, it is clear that trade in “bitcoins” is attracting increased regulatory and taxation scrutiny.  Accordingly, VPS has retained the Law Offices of Carlos M. Fleites, to resolve such outstanding agreements in a lawful manner.

If you believe you are the beneficial assignee of such an agreement, you are requested to contact the Law Offices of Carlos M. Fleites in writing at the below listed e-mail or physical address to provide the following information:

  • The bitcoin payment address associated with your glbse.com claim
  • Name of the person or entity claiming beneficial assignment of the agreement,
  • The physical address of the person or entity (no Post Office boxes or mail suites),
  • The tax identification number of the person or entity claiming beneficial assignment,
  • For real persons: a photocopy or scanned PDF of government issued photo identification, or, for corporations the document number and issuing jurisdiction of the incorporating charter and proof of current good standing.
  • An affidavit attesting to the beneficial assignment of the agreement, which has been notarized (US residents/corporations) or local equivalent bearing the apostille of the competent jurisdiction.  Copies of an acceptable affidavit can be obtained upon request from the law offices.

All information provided will be held in confidence and used only for the purposes of lawfully fulfilling the obligations of the agreements and not shared with outside parties except as required by law.  If you have any questions or concerns, please address these to the law offices at the following e-mail or mailing address.

[email protected]

or

Law Offices of Carlos M. Fleites, ATTN: Quentin A. Page
407 Lincoln Road, Suite 12-E
Miami Beach, FL 33139
USA

Finally, since no unique identification exists for outstanding agreements, ALL CURRENT BENEFICIAL ASSIGNEES ARE STRONGLY ADVISED NOT TO ENGAGE IN ANY TRANSFER, SALE, OR ASSIGNMENT OF THESE AGREEMENTS OUTSIDE OF GLBSE, AS IT MAY RENDER IT IMPOSSIBLE TO VERIFY AND SERVICE SUCH AGREEMENTS.

Thank you for your prompt attention in this matter.
member
Activity: 61
Merit: 10
February 23, 2013, 09:29:30 AM
Finally got my VPS account activated Smiley

I have encountered one problem that I wasn't expecting though, regarding the upgrade.

I would like to use just a portion of my past divs to convert to teramining, and the remaining I wish to do a free upgrade.
It seems I am only able to do an all or nothing conversion?
newbie
Activity: 28
Merit: 0
February 22, 2013, 06:25:14 PM
BFL ASIC updates summary, looks like March for delivery now ~ all being well.

https://forums.butterflylabs.com/blogs/polrpaul/88-anyone-seen-my-chips.html

James,

Based on the aforementioned, would you consider paying gigamining dividends through March 4th to those who have already surrendered their bonds for teramining?

I realize we could have / should have waited to upgrade - just asking...

donator
Activity: 3108
Merit: 1166
February 22, 2013, 11:07:54 AM
BFL ASIC updates summary, looks like March for delivery now ~ all being well.

https://forums.butterflylabs.com/blogs/polrpaul/88-anyone-seen-my-chips.html
SAC
sr. member
Activity: 322
Merit: 250
February 21, 2013, 03:04:20 PM
Pretty sure the butthurt should be directed at GLBSE.

Indeed. Nefario does deserve a good portion of it.

The trolls can blame whomever they like. I am here to move forward and to keep moving forward in confidence. That is what the claims process is all about.

As for those who are waiting on claims to be processed, I have not received this weeks claims from Quentin and continue to try and get in touch with him.

Best,
James

The claims process is about protecting your ass and enriching yourself at others expense.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
February 21, 2013, 11:53:36 AM
Pretty sure the butthurt should be directed at GLBSE.

Indeed. Nefario does deserve a good portion of it.

The trolls can blame whomever they like. I am here to move forward and to keep moving forward in confidence. That is what the claims process is all about.

As for those who are waiting on claims to be processed, I have not received this weeks claims from Quentin and continue to try and get in touch with him.

Best,
James
member
Activity: 74
Merit: 10
February 21, 2013, 11:47:05 AM
Pretty sure the butthurt should be directed at GLBSE.

Indeed. Nefario does deserve a good portion of it.
donator
Activity: 3108
Merit: 1166
February 21, 2013, 10:49:38 AM
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