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Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 19. (Read 84432 times)

legendary
Activity: 1304
Merit: 1015
Anything new on further refunds?  Is Matt going to pay back his loan for the ellet?  What about everyone else's loans?
donator
Activity: 1064
Merit: 1000
Yes I have Smiley, I talked to Nefario and Gigavps as well.
//DeaDTerra
full member
Activity: 195
Merit: 100
donator
Activity: 1064
Merit: 1000
Are those investments outside of GLBSE (1.2k) still making any profit?
A majority are not but some are.
//DeaDTerra
legendary
Activity: 1036
Merit: 1000
DARKNETMARKETS.COM
Are those investments outside of GLBSE (1.2k) still making any profit?
donator
Activity: 1064
Merit: 1000
So, how many assets we still have outside of GLBSE? Are your trading bot still running and making profit?
We have about 1.2k BTC in investments out side of GLBSE though it's unsure if and when these assets will be liquidate.
No the trading bot is no longer running with investment fund money as it was voted for all liquid assets to be paid out to the investors.
//DeaDTerra
legendary
Activity: 1036
Merit: 1000
DARKNETMARKETS.COM
So, how many assets we still have outside of GLBSE? Are your trading bot still running and making profit?
donator
Activity: 1064
Merit: 1000
Payment received.

Thanks for turning my 100 btc into 4.7!

What I don't understand now is what happened with all your talk for weeks before the GLBSE crash about pulling assets out of there and putting them somewhere safer.

For example on September 14th:

"I have now invested some in Bitcoinrain as well as placed some btc in our margin trading bot."

September 9th:

"GLBSE is a unsafe place right now and I will keep liquidating our GLBSE position, moving into bot trading and safer deposits."

September 7th:

"I have managed to liquidate 600 BTC of assets on GLBSE and we are slowly reducing out exposure to GLBSE, I also have a 600 BTC loan that will be returned today, which means that We will have a lot of capital to place."

Not to mention all the enthusiasm for the trading bots and your exciting new project after the London debacle conference.

I guess we have to be thankful that you are still round, and have the balls to keep going and return a tiny fraction of our investments. But I, for one, wonder if there was some sort of scamming going on, especially as you seemed to be very close to that fuckwit Nefario your pal James.

At the end a lot of lucky people had bailed out, but you were still holding around 7000 Bitcoins- that's around $80,000 at todays prices. You clearly saw the GLBSE problems coming. Were all those 1200 in loans bad? Were these huge losses just stupidity or incompetence?


I saw the problems coming, I saw a recession dawning, but I didn't know there would be a total crash and shut down. So I liquidates slowly using the higher part of the spread, placing the lowest ask for all out assets, but as GLBSE had low volume this was a slow process. As said it liquidated about 300-500 Bitcoins a week, if I would have liquidated to the lower spread we would have lost 10-20% as the massive amount of volume we would sell would cause the markets to crash.
If I knew that there would be a crash I would have sold it all independent of the potential lose and damage to the market, but as I believe that it was only temporary, I did not.

James would not benefit from the assets on GLBSE but only through Liquidat Bitcoins on the exchange, all the bitcoins on the actual exchange was returned to us, hence there's not really any motive for a scam. Except if I also were the issuer to all out assets, then I could profit but otherwise no xD

Some of the loans went bad, I guess it's partly stupidity and partly incompetence, the hard part of the Bitcoin security market is that people can promise things, and even if they have backups like confirmed ID etc, they can still bail on their promise and there isn't much I can do about it. I am working on getting bad Matts loan as well as the loan to IMSA guy.

On the plus side, Nefario has started sending out share holder information at least that's what he has told me I have yet to confirm with any issuer.
//DeaDTerra
full member
Activity: 234
Merit: 101
Payment received.

Thanks for turning my 100 btc into 4.7!

What I don't understand now is what happened with all your talk for weeks before the GLBSE crash about pulling assets out of there and putting them somewhere safer.

For example on September 14th:

"I have now invested some in Bitcoinrain as well as placed some btc in our margin trading bot."

September 9th:

"GLBSE is a unsafe place right now and I will keep liquidating our GLBSE position, moving into bot trading and safer deposits."

September 7th:

"I have managed to liquidate 600 BTC of assets on GLBSE and we are slowly reducing out exposure to GLBSE, I also have a 600 BTC loan that will be returned today, which means that We will have a lot of capital to place."

Not to mention all the enthusiasm for the trading bots and your exciting new project after the London debacle conference.

I guess we have to be thankful that you are still round, and have the balls to keep going and return a tiny fraction of our investments. But I, for one, wonder if there was some sort of scamming going on, especially as you seemed to be very close to that fuckwit Nefario your pal James.

At the end a lot of lucky people had bailed out, but you were still holding around 7000 Bitcoins- that's around $80,000 at todays prices. You clearly saw the GLBSE problems coming. Were all those 1200 in loans bad? Were these huge losses just stupidity or incompetence?

legendary
Activity: 1036
Merit: 1000
DARKNETMARKETS.COM
Payment received. Thanks!
donator
Activity: 1064
Merit: 1000
All transactions has been sent out except the following:
#
5
6
8
31
57
84
If you have these investor numbers you need to give me a withdraw address.
Thank you
//DeaDTerra
donator
Activity: 1064
Merit: 1000
Payouts are being sent out manually as we speak Smiley
If anyone wants to change their withdraw address now is a good time to say so.
I will not be held accountable for transactions sent to a old address.
//DeaDTerra
full member
Activity: 195
Merit: 100

Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Well, "today or tomorrow" came and went, and no sign of any repayment.

What's happening DeadTerra?
See my post above Smiley
MtGox limit of 200 BTC ^^
I need to wait 24 hours to get out the last 35 Bitcoins.
//DeaDTerra

hmm.. my limit is 2000 BTC but then I have an authenticator and yubikey.
donator
Activity: 1064
Merit: 1000

Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Well, "today or tomorrow" came and went, and no sign of any repayment.

What's happening DeadTerra?
See my post above Smiley
MtGox limit of 200 BTC ^^
I need to wait 24 hours to get out the last 35 Bitcoins.
//DeaDTerra

Sounds good Smiley If they aren't sent by today's end, it would be great if you could post an update explaining why. How many coins did you manage to get out in total? Thanks!
414 Bitcoins is currently sitting in the wallet and 35 Bitcoins are still in MtGox.
There's still a couple of hours before I can withdraw the rest from MtGox,
So the payout will be tomorrow evening when I get home.
//DeaDTerra
hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe

Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Well, "today or tomorrow" came and went, and no sign of any repayment.

What's happening DeadTerra?
See my post above Smiley
MtGox limit of 200 BTC ^^
I need to wait 24 hours to get out the last 35 Bitcoins.
//DeaDTerra

Sounds good Smiley If they aren't sent by today's end, it would be great if you could post an update explaining why. How many coins did you manage to get out in total? Thanks!
donator
Activity: 1064
Merit: 1000

Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Well, "today or tomorrow" came and went, and no sign of any repayment.

What's happening DeadTerra?
See my post above Smiley
MtGox limit of 200 BTC ^^
I need to wait 24 hours to get out the last 35 Bitcoins.
//DeaDTerra
full member
Activity: 234
Merit: 101

Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Well, "today or tomorrow" came and went, and no sign of any repayment.

What's happening DeadTerra?
donator
Activity: 1064
Merit: 1000
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
The SatoshiDice answer was there just to be funny. Discounting it, only <10% said no, so it looks like people want a payout. <10% as no is a very low number seeing as anyone can vote. People who aren't invested would have more reason for saying no. I think we want our BTC Cheesy

So am I correct that it will be calculated by taking the final/current investor holdings spreadsheet, adding up the total, and then finding each investor's % of the total. Then multiplying that % by the 430-440 BTC and paying them out the result?
Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Have the coins been sent? Thanks!
They have yet to be sent as I reached the withdraw limit on MtGox, so I will have to wait 24 hours to take out the BTC that's left.
Payout should be today though.
//DeaDTerra
hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
The SatoshiDice answer was there just to be funny. Discounting it, only <10% said no, so it looks like people want a payout. <10% as no is a very low number seeing as anyone can vote. People who aren't invested would have more reason for saying no. I think we want our BTC Cheesy

So am I correct that it will be calculated by taking the final/current investor holdings spreadsheet, adding up the total, and then finding each investor's % of the total. Then multiplying that % by the 430-440 BTC and paying them out the result?
Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Have the coins been sent? Thanks!
hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
Is this voting pool (mentioned before) public? So everybody can vote, even those, who never invest in GBF? If so, I don't see a point in voting. You're holding 440 BTC - they should be distributed immediately to investors.

If you want to vote, please do. But every vote should been assigned to investor (to the number on the list, for example), so only those, who agree to SatoshiDice will bet with their, remaining funds. If someone want to put funds in to SatoshiDice - please do! But only your part, not ours.
The SatoshiDice answer was there just to be funny. Discounting it, only <10% said no, so it looks like people want a payout. <10% as no is a very low number seeing as anyone can vote. People who aren't invested would have more reason for saying no. I think we want our BTC Cheesy

So am I correct that it will be calculated by taking the final/current investor holdings spreadsheet, adding up the total, and then finding each investor's % of the total. Then multiplying that % by the 430-440 BTC and paying them out the result?
Okay it seems like we will do a payout Smiley
For anyone unhappy with this contact me and I am sure we can reach some sort of compromise.
To the rest a payout will be done today or tomorrow,
It will indeed be done by calculating each investors total % of the fund and then paying out a proportionate amount to the 430 BTC.
//DeaDTerra

Great! I will be watching for the payout and confirm when it arrives, thanks.
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