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Topic: More Bitshares Greed (Read 12249 times)

legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
June 24, 2015, 10:12:52 PM
You guys have illegally collected money and sold shares in what is now a for-profit company using a smokescreen of crypto coins and dummy corps. SEC complaints are coming.

Please include...

BitShares. 
Safer than a Swiss Bank. 
(Ask me why!)

in your complaint.
full member
Activity: 224
Merit: 100
June 24, 2015, 12:30:26 PM
This was obvious to everyone involved.
You act like you have discovered some epic conspiracy.

We returned the PTS because our internationally known accounting firm, Grant Thornton, wisely recommended that it would benefit both the givers and getters for us to do so.  

Consult your own tax advisors if you need it explained like you are five.



Dude, you are such a slime.

This was very "obvious" to everyone at the time you returned the PTS. The point of this dumb conversation was because I pointed out the fact that last year people gave you 416,000 PTS to develop Bitshares. Your response was:

1.  Invictus ran out of donated BTC at the end of last year.  All PTS was returned on advice of our accountants.

clearly implying you had altruistically returned a PTS that was worth something. The fact is you received a shit ton of BTC, 5660 to be exact. You received a shit ton of PTS when they had a BTS value (yes, a Bitshares value) of ~$7.00 each.

You guys still have the BTS that made the PTS valuable but you got rid of the PTS. You guys have repeatedly, approximately every six months, asked for more money and now you are finding a way to ride off into the sunset by stealing Bitshares code we paid you to create free and open source, renaming it and licensing it when you should have been finishing the product in which you raised funds for originally.  This was never part of the plan. It was originated when your last money grab, the time you guys decided to dilute shareholders by sucking 4277 BTS per day per Dev, failed because the price dropped 80%.

So here we are back on track to the problem at hand. You were working on Graphene (Bitshares Toolkit renamed) while people were anticipating and expecting a Bitshares 1.0 that had been promised since March 2014. People were losing money because you guys wouldn't fix the problems that arose from Bytemaster's idiotic collateral rules. TonyK was pretty persistent in letting you guys know about that problem too and you ignored it to work on a slightly revamped code based of the original Bitshares so you can license it and make more money.

You guys have illegally collected money and sold shares in what is now a for-profit company using a smokescreen of crypto coins and dummy corps. SEC complaints are coming.
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
June 23, 2015, 10:22:46 PM

Do you get it?

Stan and friends kept all the worth of PTS, which happened to be the BTS. If they gave us the BTS that was couple with the PTS, theirs and your claims would be valid. But that did not happen.

How about we dumb it down. Your wife (that's a stretch) buys you a coffee in exchange for a back massage. You drink the coffee and give her back the empty coffee cup. You then claim that you are giving her a massage for free out of the goodness of your heart because you gave back the empty coffee cup.

Get it? I'm going to bet not.


Its funny how DE and Newmine always seem to omit the fact about all PTS being returned to the donors

https://bitsharestalk.org/index.php/topic,11289.0.html


Are you retarded? They gave it back after they share dropped the BTS on themselves rendering the PTS worthless at the time they returned it. Stop selling lies or get your facts straight.

Oh my Gawd! How dare the value PTS change overtime. It was suppose to remain the exact same like all other cryptos do!


No PTS value can and always did change. Are you retarded? Track the conversation. Stan and Dan returned the PTS when it was worthless because PTS value was based on how many BTS you could get from one PTS. They returned them AFTER the snapshot date and all the BTS went to THEIR PRIVATEKEYS. PTS subsequently had very little value, only speculative that someone might sharedrop some unknown project to PTS.

Good luck "explaining it" to these individuals.  I find it very hard to believe that they could be so dense as to not see what is going on in front of their eyes.  Stan doesn't even attempt to obfuscate this fact and they just cheer him on.  Either these "people" are really just sockpuppets of Stan, Dan & Co or you are witnessing a textbook case of Stockholm syndrome.  BTS holders can always sell to escape this nightmare, but how many cups of Kool-aid do you have to consume to sit here and defend those planning your demise?

This was obvious to everyone involved.
You act like you have discovered some epic conspiracy.

We returned the PTS because our internationally known accounting firm, Grant Thornton, wisely recommended that it would benefit both the givers and getters for us to do so. 

So, you admit it was premeditated?
hero member
Activity: 504
Merit: 504
June 23, 2015, 10:11:24 PM
This was obvious to everyone involved.
You act like you have discovered some epic conspiracy.

We returned the PTS because our internationally known accounting firm, Grant Thornton, wisely recommended that it would benefit both the givers and getters for us to do so. 

Consult your own tax advisors if you need it explained like you are five.


Gosh NewMine, you've been slinging FUD at us now for over a year.
With such single minded determination.
Always some new kind of FUD.
Desperately hoping something sticks.
Now you're resorting to heaving frying pans and rolling pins and whatever else is within reach.

But, as Kirk once said to Kahn,
"You've managed to kill just about everyone else, but like a poor marksman, you keep missing the target!". 

Quote

Kirk: Khan, you bloodsucker! You're going to have to do your own dirty work now! Do you hear me? Do you?
Khan: Kirk? Kirk, you're still alive, my old friend?
Kirk: Still, "old friend"! You've managed to kill just about everyone else, but like a poor marksman, you keep missing the target!


Of course, Kirk was just running a tactical PSYOP and we all know how that turned out for poor Kahn:


Khan: [quoting from Melville's Moby Dick] To the last, I will grapple with thee... from Hell's heart, I stab at thee! For hate's sake, I spit my last breath at thee!



Please put aside such all-consuming, self-destructive hate, NewMine, and come enjoy BitShares with the rest of us.  Smiley


full member
Activity: 224
Merit: 100
June 23, 2015, 09:23:06 PM

Its funny how DE and Newmine always seem to omit the fact about all PTS being returned to the donors

https://bitsharestalk.org/index.php/topic,11289.0.html



Are you retarded? They gave it back after they share dropped the BTS on themselves rendering the PTS worthless at the time they returned it. Stop selling lies or get your facts straight.

Oh my Gawd! How dare the value PTS change overtime. It was suppose to remain the exact same like all other cryptos do!


No PTS value can and always did change. Are you retarded? Track the conversation. Stan and Dan returned the PTS when it was worthless because PTS value was based on how many BTS you could get from one PTS. They returned them AFTER the snapshot date and all the BTS went to THEIR PRIVATEKEYS. PTS subsequently had very little value, only speculative that someone might sharedrop some unknown project to PTS.
full member
Activity: 224
Merit: 100
June 23, 2015, 09:19:22 PM
They gave it back after they share dropped the BTS on themselves rendering the PTS worthless at the time they returned it. Stop selling lies or get your facts straight.

Of course PTS lost value after the BTS sharedrop because PTS holders were no longer guaranteed shares in BTS silly.  That's not a difficult concept to understand.

When you buy tickets to an event, you don't complain afterwards that you cannot sell them for face value (what you paid for them), do you?
You are one of the dumbest people I have come across. You can't track a conversation if your life depended on it.

The proper use of your terrible analogy would be:
You/me and everyone else bought concert tickets. We gave them to Stan so he could exchange for money and build us Bitshares. The band that was headlining the concert said tickets were for, gave vouchers for future show to anyone holding concert tickets after you gave them to Stan. Stan claimed said vouchers. The concert has come and gone and now Stan returns your ticket but kept the voucher for future shows.

Do you get it?

Stan and friends kept all the worth of PTS, which happened to be the BTS. If they gave us the BTS that was couple with the PTS, theirs and your claims would be valid. But that did not happen.

How about we dumb it down. Your wife (that's a stretch) buys you a coffee in exchange for a back massage. You drink the coffee and give her back the empty coffee cup. You then claim that you are giving her a massage for free out of the goodness of your heart because you gave back the empty coffee cup.

Get it? I'm going to bet not.
newbie
Activity: 46
Merit: 0
June 23, 2015, 05:59:57 PM

Its funny how DE and Newmine always seem to omit the fact about all PTS being returned to the donors

https://bitsharestalk.org/index.php/topic,11289.0.html



Are you retarded? They gave it back after they share dropped the BTS on themselves rendering the PTS worthless at the time they returned it. Stop selling lies or get your facts straight.

Oh my Gawd! How dare the value PTS change overtime. It was suppose to remain the exact same like all other cryptos do!
hero member
Activity: 854
Merit: 1001
June 23, 2015, 05:41:11 PM
Stan: one of your boys left this on my lawn......



Thought you'd like to have it back.
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
June 23, 2015, 05:12:53 PM
full member
Activity: 224
Merit: 100
June 23, 2015, 04:49:44 PM
Quote
Your silence speaks volume.

Yes it does.  
You're just not getting the message.

 Smiley

No, I get the message. You are a liar.
full member
Activity: 224
Merit: 100
June 23, 2015, 04:47:14 PM

Its funny how DE and Newmine always seem to omit the fact about all PTS being returned to the donors

https://bitsharestalk.org/index.php/topic,11289.0.html



Are you retarded? They gave it back after they share dropped the BTS on themselves rendering the PTS worthless at the time they returned it. Stop selling lies or get your facts straight.
newbie
Activity: 46
Merit: 0
June 23, 2015, 04:18:10 PM

Its funny how DE and Newmine always seem to omit the fact about all PTS being returned to the donors

https://bitsharestalk.org/index.php/topic,11289.0.html
hero member
Activity: 504
Merit: 504
June 23, 2015, 02:46:47 PM
Quote
Your silence speaks volume.

Yes it does.  
You're just not getting the message.

 Smiley
full member
Activity: 224
Merit: 100
June 23, 2015, 02:21:10 PM
"He has no honor."


No comment on your lies?

Your silence speaks volume.
full member
Activity: 131
Merit: 101
June 23, 2015, 12:26:51 PM
And what about the millions of dollars in BTC you received as 'donations' for AngelShares? And what about all the funds you received from Protoshares?

'operating at below minimum wage'... you have to be kidding.


The fact that you guys change the name of your scheme and your companies' name every couple of months will eventually not be enough to protect you from law enforcment and neither will silly memes and center-aligned text.
hero member
Activity: 504
Merit: 504
June 23, 2015, 12:22:55 PM
"He has no honor."

full member
Activity: 224
Merit: 100
June 23, 2015, 12:09:49 PM
Heh, yeah.

The whole team has been operating at below minimum wage all year trying to make something they can sell to earn a living.

Very greedy indeed.



While you are digging up old inner city spray paint, here's the rest of them, lovingly preserved in the BitShares Loves Puppies thread.  Buried among all the nasty FUD are some real jewels - serious answers produced back when we weren't sure whether this forum took its trolls and other vandals seriously or not.

Quote

Stan I had no idea the minimum wage in Virginia was $56,000 per year (based on the BTS you have received over the last 6 months not including what you have forgot to conveniently disclose regarding the 67 million BTS you still control).
I wanted to provide some transparency on our year end bonuses:

Toast, Nathan, Valentine, Vikram, Stan, and James Caffe, Dan N.  (all of whom have 100% pay delegates) have received 3M BTS severance / bonus from Invictus
Ben (Drltc) and Agent86 have received 1M BTS severance / bonus (also have 100% pay delegates)

This ends I3's responsibility to continue funding these individuals whom are now free agents working to support the BitShares ecosystem.   I trust each of these individuals to continue contributing to BitShares because they believe in the cause and to get their delegate pay.     Each of these individuals also has a large vesting balance that will mature over the next 2 years which should keep them loyal to the project as a whole.

As you know delegate pay is not sufficient to cover their salaries in the coming year.  This bonus is an incentive to get the value of BTS up to both maximize the value of their bonus and to ensure they can continue to earn what they need from delegate pay.   

Any profits earned by Invictus are taxed at 35%.  For efficiency sake we needed to pay everyone in 2014 with at least 65% efficiency. 

This means that a large number of BTS that I use to vote with are now distributed among the core developers. 

There remains about 67 M BTS that is being held in reserve to cover 2015 expenses I3 may face including any taxes, accounting, legal, fees, or fines we may face in the year(s) ahead.  At todays market cap that represents about $1 million held in reserve.   Some of those funds are ear-marked for marketing performance-based bonuses.  The funds will also be used to provide free office space anyone who wants to come to blacksburg to work on BitShares. 

Overall we raised about $3.6 million in AGS donations and now that these bonuses have been paid we have spent $3.6 million in 2014.    We had a large capital-loss on our BTC holdings and an offsetting capital gain on our BTS holdings.    Of the money we spent, 10% went to China, 10% went to US Marketing (conferences, videos, website, travel), 7% on FMV.   Our largest expense category was developer salaries and grants including ~$100K for Toast and ~$100K for HackFisher as well as salaries for over a dozen different developers.   

Early next year I will have Stan prepare a breakdown on what categories the $3.6 million in AGS donations were spent on as a final report. 

In 2015 we hope to raise the bar in both efficiency, productivity, and transparency.   

Anything said in this post are rough estimates from memory and are not official statements.  The numbers may be completely wrong.

Just a reminder:  the AGS donations had NO STRINGS ATTACHED.   I did my best with the funds to further my own objectives of securing life, liberty, and property for all.   If you are unhappy with how we managed the money I am sorry, I suggest you focus on how the government is wasting far more than I did.    I am a mere software engineer with a grand vision who was learning a lot as I went.   

Happy New Years Everyone!

Did you forget that on December 31, you each received 3 million BTS, worth $21,000 today and whole lot more back then. Plus you have received 916,000 BTS since, which is equal to $7000 at today's price.

Let's not forget about that 67 million BTS you are using to pay yourselves for 2015. Yes, 2015. That is this year and 67 million BTS is equal to $469,000 at today's prices. Oh, and I rounded these numbers down immensely.

You can lie all you want but I will continue to call you out for those lies.

Nice try.
legendary
Activity: 1764
Merit: 1018
June 20, 2015, 01:38:03 PM
Come-from-Beyond, your presence here is quite refreshing. Thank you.

+1
Totally agree.  Smiley
hero member
Activity: 504
Merit: 504
June 20, 2015, 10:34:47 AM
Heh, yeah.

The whole team has been operating at below minimum wage all year trying to make something they can sell to earn a living.

Very greedy indeed.



While you are digging up old inner city spray paint, here's the rest of them, lovingly preserved in the BitShares Loves Puppies thread.  Buried among all the nasty FUD are some real jewels - serious answers produced back when we weren't sure whether this forum took its trolls and other vandals seriously or not.

Quote
full member
Activity: 224
Merit: 100
June 20, 2015, 09:15:05 AM
Stan,

No dark clouds of conspiracy here. I am just pointing out that every major change as of late is only to the benefit of the I3 Teams wallets.


An oldie, but a goodie.
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