Topic: [GLBSE] Introducing: Bitcoin Syndicate, a new mining op trading publicly! (Read 23210 times)
June 10, 2014, 07:08:41 PM
just noticed the mining stopped already in october 2012
December 19, 2013, 01:41:50 PM
Maybe, if you contact Glasswalker. In the email I kept from mid-Feb, he said that any funds not claimed 30 days from mid-Feb would be forfeit, but it doesn't cost anything to ask if he's still holding the funds.
Thank you, trying to contact him.
December 19, 2013, 08:05:02 AM
Well, a majority of the coins were stolen from Gox. Glasswalker got too busy to keep things running and the operation was closed and liquidated. People who went through the share claim process after GLBSE closed received a dividend of about 0.0115 BTC/share when the operation was liquidated, approximately in mid Feb, 2013.
Would that be still possible to do now, how do you think?
Maybe, if you contact Glasswalker. In the email I kept from mid-Feb, he said that any funds not claimed 30 days from mid-Feb would be forfeit, but it doesn't cost anything to ask if he's still holding the funds.
December 19, 2013, 04:17:50 AM
Well, a majority of the coins were stolen from Gox. Glasswalker got too busy to keep things running and the operation was closed and liquidated. People who went through the share claim process after GLBSE closed received a dividend of about 0.0115 BTC/share when the operation was liquidated, approximately in mid Feb, 2013.
Would that be still possible to do now, how do you think?
December 18, 2013, 10:27:11 PM
So what happened to BTCSYN?
I happen to be one of the early 'small' shareholders. The website is down, GLBSE is too. Was this whole thing a scam?
I happen to be one of the early 'small' shareholders. The website is down, GLBSE is too. Was this whole thing a scam?
Well, a majority of the coins were stolen from Gox. Glasswalker got too busy to keep things running and the operation was closed and liquidated. People who went through the share claim process after GLBSE closed received a dividend of about 0.0115 BTC/share when the operation was liquidated, approximately in mid Feb, 2013.
December 18, 2013, 05:01:37 PM
So what happened to BTCSYN?
I happen to be one of the early 'small' shareholders. The website is down, GLBSE is too. Was this whole thing a scam?
I happen to be one of the early 'small' shareholders. The website is down, GLBSE is too. Was this whole thing a scam?
April 03, 2013, 03:03:21 PM
some badass scam-motherfucker donate me some bitcoin. cause you are now millionaires^^
would be kindoff fairplay^^
February 12, 2013, 07:40:58 AM
there was a list of 7 people in the bylaws who all committed themselves to the loan of mining capacity
which they still owe btw (the year long contract is still open)
not sure if I made copies of all pages from the site, maybe archive.org knows something.
and for the "best effort, no guarantee" argument, well, this is no effort.
which they still owe btw (the year long contract is still open)
not sure if I made copies of all pages from the site, maybe archive.org knows something.
and for the "best effort, no guarantee" argument, well, this is no effort.
Caveat emptor, in this case, I'm afraid. While I agree with you, you can't enforce an interpreted concrete meaning from a purposefully vague statement.
Idealist goes in with ardor, meets the reaping scythe of reality, runs out screaming and retreats back to their little hole of isolation, all morals, cares, and idealism gone. That seems to be the story of the Bitcoin economy right now.
February 12, 2013, 03:40:09 AM
there was a list of 7 people in the bylaws who all committed themselves to the loan of mining capacity
which they still owe btw (the year long contract is still open)
not sure if I made copies of all pages from the site, maybe archive.org knows something.
and for the "best effort, no guarantee" argument, well, this is no effort.
which they still owe btw (the year long contract is still open)
not sure if I made copies of all pages from the site, maybe archive.org knows something.
and for the "best effort, no guarantee" argument, well, this is no effort.
February 11, 2013, 12:51:26 PM
Care to post a summary of those emails? Inquiring minds wish to know.
why to summarize if they can be posted in full length?
Yeah, it would be great if you can make everything public, as it always should have been. The secrecy with which everything has been always handled only builds over the overall scammy feeling of the whole matter...
If this hasn't been a plain scam from day one (sadly, I have not proof whatsoever of it), at least it has been a huge scammy negligence. Whatever it is, this guys shouldn't be doing public businesses nevermore. Well, anyway, calling theirs thing business is a huge overstatement...
And Paul deciding on a rush, almost alone, what to do, and deciding to keep the remaining hardware for himself is a scam on itself...
February 11, 2013, 11:35:44 AM
and as of today 2013 feb 11 (monday) it seems to be the end of the syndicate (it ended earlier i just finally managed to skim the walls of text buried in my mail).
it did not last a single year - see Paul's OP
founding members failed to meet their end of the loan of 6 GH/s.
what they did not fail is to claim the rights stemming from the shares (dividends and votes)
i do not want to judge if that's incompetence or bad intention.
basically what happens is that the final dividend will go to shareholders who were free riding the cooperative.
it did not last a single year - see Paul's OP
founding members failed to meet their end of the loan of 6 GH/s.
what they did not fail is to claim the rights stemming from the shares (dividends and votes)
i do not want to judge if that's incompetence or bad intention.
basically what happens is that the final dividend will go to shareholders who were free riding the cooperative.
I keep seeing references to founding members but ARE there founding members? Or is it just one guy, badly out of his depth, who keeps referring to himself in the plural?
February 11, 2013, 11:25:42 AM
Care to post a summary of those emails? Inquiring minds wish to know.
why to summarize if they can be posted in full length?
I'm strong/weak enough to face this issue once a week or bi-weekly so be patient.
there's no need to rush a dead horse.
hope you noticed the 'funny fact' that none of the founding members had the technical capacity to grab the miners and operate them.
so neither did they stood to their commitment nor did they felt committed to take care of common production goods.
search for excuses for yourself. that was the proverbial last straw that bended things beyond repair.
if you were not member of the internal forum you probably missed the discussion why only founding members could trade in hashing power for shares when syndic was established.
i'll post also my collection of screenshots from the stats page (avg mining output) and known addresses used for payout from p2pool. together they illustrate the avg mining output better than memories. just gimme time. or pm me your email and I'll drop you the zip file.
February 11, 2013, 07:00:55 AM
and as of today 2013 feb 11 (monday) it seems to be the end of the syndicate (it ended earlier i just finally managed to skim the walls of text buried in my mail).
it did not last a single year - see Paul's OP
founding members failed to meet their end of the loan of 6 GH/s.
what they did not fail is to claim the rights stemming from the shares (dividends and votes)
i do not want to judge if that's incompetence or bad intention.
basically what happens is that the final dividend will go to shareholders who were free riding the cooperative.
it did not last a single year - see Paul's OP
founding members failed to meet their end of the loan of 6 GH/s.
what they did not fail is to claim the rights stemming from the shares (dividends and votes)
i do not want to judge if that's incompetence or bad intention.
basically what happens is that the final dividend will go to shareholders who were free riding the cooperative.
Care to post a summary of those emails? Inquiring minds wish to know.
February 11, 2013, 01:21:59 AM
and as of today 2013 feb 11 (monday) it seems to be the end of the syndicate (it ended earlier i just finally managed to skim the walls of text buried in my mail).
it did not last a single year - see Paul's OP
founding members failed to meet their end of the loan of 6 GH/s.
what they did not fail is to claim the rights stemming from the shares (dividends and votes)
i do not want to judge if that's incompetence or bad intention.
basically what happens is that the final dividend will go to shareholders who were free riding the cooperative.
it did not last a single year - see Paul's OP
founding members failed to meet their end of the loan of 6 GH/s.
what they did not fail is to claim the rights stemming from the shares (dividends and votes)
i do not want to judge if that's incompetence or bad intention.
basically what happens is that the final dividend will go to shareholders who were free riding the cooperative.
February 02, 2013, 09:06:43 AM
oh, a lot of things happened since i last checked.
server gone, miners off
server gone, miners off
...
short notice vote without any prior discussion.
This alone is enough to declare the whole thing void. So I'm proposing to start a discussion to decide ourselves what to do. I'm proposing myself to take things in charge. I can run the miners from Argentina, where energy rates are really low. But I would support Mila too, if he wants to take the torch.
two weeks later long post
month later vote from nowhere.
not cool
and no word from other 6 founding members
month later vote from nowhere.
not cool
and no word from other 6 founding members
Long post saying basically nothing, by the way. Until this last post I didn't knew miners weren't working. So many breaches of fiduciary duty... Looks like some people are just playing games here...
February 02, 2013, 08:05:20 AM
Not really... A lot has been going on lately, things are kind of crazy, and I don't even have the time or energy to deal with this.
I read this before somewhere.
I was kind of hoping after my last post that someone would step up and offer to take over the torch, but I basically heard
Aww, I think this shitty community scammed you.
we're left with only 8x FPGA boards, which are practically worthless in liquid value right now (because of ASICs)
That sucks man. I know, why don't you just keep the shitty 8 FPGA boards? Worthless POS (because of ASICs) and you know...you've been busting your ass with blood sweat and tears our friend so therefore....
February 01, 2013, 10:14:00 PM
oh, a lot of things happened since i last checked.
server gone, miners off, short notice vote without any prior discussion.
7 dec note that list from nefario arrived
two weeks later long post
month later vote from nowhere.
not cool
and no word from other 6 founding members
server gone, miners off, short notice vote without any prior discussion.
7 dec note that list from nefario arrived
two weeks later long post
month later vote from nowhere.
not cool
and no word from other 6 founding members
February 01, 2013, 09:32:24 PM
I'm not in the mood for arguing right now, but I just want to state clearly that I won't recognize anything as settled if Paul proceeds as stated.
February 01, 2013, 11:30:45 AM
the real wtf imo is that the boards are idling. mining with fpga will remain 'profitable' for a while for sure
and I believe folks Enterpoint are mining themselves (just bought some btc from them) so this is a waste of opportunity to close the shop
and I believe folks Enterpoint are mining themselves (just bought some btc from them) so this is a waste of opportunity to close the shop
February 01, 2013, 08:21:01 AM
I really don't think we have enough information to make a decision about the options given. Both options A and B require that we get some concessions from Enterpoint, and option A has a series of steps that make it impossible to calculate what the final dividend would be. Option B results in a dividend of approx. 0.0115 BTC/share, but I don't like Option B as it leaves Glasswalker solely responsible for the debt.
I'd really like to see what sort of deal we can get from Enterpoint before we decide. That will have a huge impact on whether or not it is feasible to continue operations and how a liquidation should go.
I'd really like to see what sort of deal we can get from Enterpoint before we decide. That will have a huge impact on whether or not it is feasible to continue operations and how a liquidation should go.
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