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Topic: Gigamining / Teramining - page 68. (Read 216459 times)

hero member
Activity: 756
Merit: 522
November 24, 2012, 03:11:03 AM
An affidavit is simply a document, you create and sign, attesting that you own a specific number of gigamining 5Mh/s contracts. You would then have it notarized.

"apostille of the competent jurisdiction" just means to have the document notarized.

Because so many people live in non-English speaking countries maybe it'd be a good idea to compile a list of equivalences if possible? Maybe French/Spanish/Portuguese words for "affidavit" as a start.
hero member
Activity: 686
Merit: 500
Wat
November 24, 2012, 01:55:45 AM
hero member
Activity: 651
Merit: 501
My PGP Key: 92C7689C
November 24, 2012, 01:32:51 AM
Most of the provisions don't sound too onerous, but notarization would likely cost a significant fraction of my investment.  It seems a bit like swatting a fly with a sledgehammer. I could see it as a possibly valuable CYA for investors with hundreds or thousands of shares, but for single-digit quantities? Unless something changes, it might almost be better to just eat the loss than go through the hassle.
legendary
Activity: 2072
Merit: 1001
November 24, 2012, 12:47:08 AM
Here are some facts to consider:

GLBSE allowed for individuals to create anonymous accounts.

Gigamining KNEW this going into it.

Gigamining had NO PROBLEM engaging in unregulated activities BEFORE GLBSE closed shop.

Now all of a sudden Gigamining wants to get a lawyer's help.

Gigamining KNEW that lawyers don't know shit about Bitcoin.

Gigamining now expects his shareholders to get involved with the law to get their underground money back.

Gigamining has all of the information necessary to pay all of his shareholders back without the lawyer.

Keeping in mind those facts, what is the REAL reason Gigamining is making his shareholders jump through hoops? I can understand getting the lawyer to threaten GLBSE to give up the information(although I disagree with that tactic on moral grounds) but I cannot understand the reason to continue the lawyer bullshit.

Because he is a douche?

Maybe i missed the post where he gave a good reason.
full member
Activity: 209
Merit: 101
FUTURE OF CRYPTO IS HERE!
November 23, 2012, 11:37:22 PM
It is just interesting to wonder whether some other advice would be better and not perhaps lead into situation where a couple of weeks down the road there would not be some other trouble based on some other law that was not considered here. I don't think there are not that many tries to go legal without the effects of the previous tries mount new and even bigger problems. It is a thing that is better done only once and that one time needs to be a good one.

I am not sure it is only his money interested in the outcome of all this.
hero member
Activity: 686
Merit: 500
Wat
November 23, 2012, 11:24:34 PM
I understand your goal is to go legal and to do that in a business that involves new and uncharted elements is I guess an task that is more difficult than many others. I guess in order to succeed in this one would best need to use services of a lawyer that knows the relevant laws and how it is applied to traditional businesses like his own pockets so that is able to take the new and uncharted parts of this case and tackle only those without wasting time wondering about traditional things.

Therefore I would like to ask why you chose to contact a law firm that advises their Areas of Practice:

Drug Possession, Drug Trafficking, Marijuana Cultivation, DUI, White Collar Crimes, Mortgage Fraud, Murder / Attempted Murder, Burglary, Sex Crimes, Misdemeanors, Criminal Traffic Charges, Shoplifting Theft, DWLS, Federal Crimes, Medicare Fraud, Violent Crimes, Probation Violations, Seal / Expunge Record, Appeals / Post Conviction, Deportation Defense.

I see none of the SEVERAL areas of competence that would be necessary in here. Seems like a place where you would go for a cheap advice, not for a good advice.  Also seems like some place I would go if I just wanted a name of a lawyer I could use for appearing more official.

How many bitcoin businesses have suddenly asked for ID's etc and proceeded to a happy ending? How many have asked for ID's etc and proceeded to a non-happy ending?

Thats perfectly fine if he uses his own money.
full member
Activity: 209
Merit: 101
FUTURE OF CRYPTO IS HERE!
November 23, 2012, 11:21:09 PM
I understand your goal is to go legal and to do that in a business that involves new and uncharted elements is I guess an task that is more difficult than many others. I guess in order to succeed in this one would best need to use services of a lawyer that knows the relevant laws and how it is applied to traditional businesses like his own pockets so that is able to take the new and uncharted parts of this case and tackle only those without wasting time wondering about traditional things.

Therefore I would like to ask why you chose to contact a law firm that advertises their Areas of Practice:

Drug Possession, Drug Trafficking, Marijuana Cultivation, DUI, White Collar Crimes, Mortgage Fraud, Murder / Attempted Murder, Burglary, Sex Crimes, Misdemeanors, Criminal Traffic Charges, Shoplifting Theft, DWLS, Federal Crimes, Medicare Fraud, Violent Crimes, Probation Violations, Seal / Expunge Record, Appeals / Post Conviction, Deportation Defense.

I see none of the SEVERAL areas of competence that would be necessary in here. Seems like a place where you would go for a cheap advice, not for a good advice.  Also seems like some place I would go if I just wanted a name of a lawyer I could use for appearing more official.

How many bitcoin businesses have suddenly asked for ID's etc and proceeded to a happy ending? How many have asked for ID's etc and proceeded to a non-happy ending?
hero member
Activity: 686
Merit: 500
Wat
November 23, 2012, 10:52:51 PM
Hey what's going on in here...

It seems that using an unauthorized stock exchange creates more problems than it solves any, especially when it closes down.

The real issue is people had no problem taking peoples bitcoins but dont show the same enthusiasm for returning them.

Bingo!

He had no problem taking money in absence of the state, now he has to return them and it's time to block things off with legal red tape.

Funny how that happens.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
November 23, 2012, 08:40:46 PM
lol this is crazy, and Can someone please explain me how to achieve this
Quote
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.

I live in Europe in a non English-speaking country... Other points are somehow acceptable but this - I just don't get it  Huh

An affidavit is simply a document, you create and sign, attesting that you own a specific number of gigamining 5Mh/s contracts. You would then have it notarized.

"apostille of the competent jurisdiction" just means to have the document notarized.
hero member
Activity: 547
Merit: 531
First bits: 12good
November 23, 2012, 08:36:45 PM
lol this is crazy, and Can someone please explain me how to achieve this
Quote
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.

I live in Europe in a non English-speaking country... Other points are somehow acceptable but this - I just don't get it  Huh
hero member
Activity: 614
Merit: 500
November 23, 2012, 08:10:48 PM
Hey what's going on in here...

It seems that using an unauthorized stock exchange creates more problems than it solves any, especially when it closes down.

The real issue is people had no problem taking peoples bitcoins but dont show the same enthusiasm for returning them.

Bingo!

He had no problem taking money in absence of the state, now he has to return them and it's time to block things off with legal red tape.
hero member
Activity: 686
Merit: 500
Wat
November 23, 2012, 08:08:34 PM
Hey what's going on in here...

It seems that using an unauthorized stock exchange creates more problems than it solves any, especially when it closes down.

The real issue is people had no problem taking peoples bitcoins but dont show the same enthusiasm for returning them.
hero member
Activity: 686
Merit: 500
Wat
November 23, 2012, 08:06:19 PM
newbie
Activity: 49
Merit: 0
November 23, 2012, 07:52:52 PM
That is what securities issuers should have thought before !
If one party changes the contract it becomes void...

The change of TOS is clearly in the benefit of the issuer! Angry
administrator
Activity: 5222
Merit: 13032
November 23, 2012, 07:52:09 PM
I think that this is the ~original version of the OP.

Quote
Hello fellow bitcoiners,

Off the back of the glbse 2.0 release and with a soon to be influx of mining equipment, I am proud to release the first and ONLY 5Mh/s perpetual mining bond.

Introduction:
Mining assets are becoming extremely common on the GLBSE. We have companies that offer ownership of hardware, bonds that correlate to actual hash rate. But overall nothing too exciting, too large, or too profitable.

Until now.
Introducing Gigamining! http://gigamining.com/

The ONLY 5Mh/s perpetual mining bond.

The first bond to offer more than 2 Mh/s per bond, and run by a name you know has the hashes to back it up.

Summary:
There will be a total of 10,000 bonds issued, with each bond worth a massive 5 Mh/s.

During the initial offering of 1000 bonds the 500 bonds remaining will be sold on 4/10/2012, they will be sold for a cheap 1 BTC. All maintenance free.

Bulk pre-sales of 100 or more units can be made at the 1 BTC price BEFORE the IPO on 4/10. PM me to get started.

Each bond will pay 100% of PPS earnings every 7 days.

The bond will never expire.

I reserve the option to repurchase bonds at 105% of the highest traded price over the last 15 days.

About Me
Most of you know who I am, most of you know I have the ability to deliver this kind of power. I'm not going anywhere any time soon, so trust that your coin is safe, and doing its best work for you, here. If you have any questions, ask them in the thread.

Where is 50Gh going to come from?
- I currently run 33Gh in GPUs (undervolted and underclocked to 26.5Gh for the summer)
- I also run 11 Butterfly Labs singles @ 9.1Gh
- Soon 4 mini rig boxes will arrive with a total of 100Gh of mining capacity.

You can see the farm mining at anytime at http://gigamining.com/mgpumon/

Best,
gigavps
hero member
Activity: 632
Merit: 500
November 23, 2012, 07:16:29 PM
Hey what's going on in here...

It seems that using an unauthorized stock exchange creates more problems than it solves any, especially when it closes down.
hero member
Activity: 826
Merit: 1000
November 23, 2012, 07:13:25 PM
Hey what's going on in here...
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
November 23, 2012, 07:01:48 PM
Time for another big red scammer tag?
Have your say here:
https://bitcointalksearch.org/topic/should-giga-be-tagged-as-a-scammer-127488
SAC
sr. member
Activity: 322
Merit: 250
November 23, 2012, 06:54:14 PM

I had it all figured out once what he took in on this "deal" it was over twice the amount of the equipment costs getting close to the three times on this even taking into account the ponzi payments he made for the first month or so without the machines he should still have had double what the cost of the machine were laying around which the machines would have had to come out of so plenty of excess. That is unless he spends like a drunken sailor in a whorehouse on payday. BTW for those of you with a litigious nature search on unjust enrichment that concept as it applies to contracts just may be your best friend, and of course the old stand by back up plan issuing securities without a license not exactly an encouraged practice under the laws governing them as they now exist.

I never followed it that close. Is this actually true/documentable?



The original idea as I remember it was for something like 30000 shares @ 1 btc per FPGA rig on two of them, then giga goes to see the butterfly boys at their facility comes back and suddenly his idea goes to four rigs via private placement that time I believe couple of days-weeks or so later BFL announces ASIC. He then comes back for third bite at the time of the upgrade from FPGA to ASIC a no cost option to him he goes with unpaid upgrade at substantially lower than what he received for free and offers paid upgrade path to others for more hash power. That is the point in time I reported him as scammer to Maged. He pointed out to me that it is not the forums problem that people are making bad deals I pointed out to him that the forum facilitating such deals could lead to legal liabilities after that I notice the disclaimer they now have at the top of that sub-section to try to protect themselves from it. True yes documentation well different story as most well know this forum allows you to edit to your hearts content with seemingly no trail kept so as I have already suggested the way back machine may be of some use.
legendary
Activity: 1358
Merit: 1002
November 23, 2012, 06:45:27 PM
gigavps is "pulling a goat" on you all

pulling a goat means: have everything needed to do good but make it difficult for anybody to get paid
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