1020500+ entries in 0.804s
Diablo-D3: you've already
threatened
to steal DMC shares from nyan and cpa
to prevent
them from voting on your fake motion
mircea_popescu: this reminds me of
the good old days of litigating corp financings gone bad.
Diablo-D3: no, hes
trying
to protect his company from YOU
nefario: Have you not read what usagi wrote on
the
thread about you?
nefario: when did he say I
threatened him?
mircea_popescu: wait. is usagi a shareholder by virtue of you GIVING him shares or by virtue of he BUYING
them on
the market ?
nefario: Diablo-D3: who would
that be?
copumpkin: I'm saying make it clear on
the site what we're signing up for :P
Diablo-D3: not only
that, nefario has
threatened
the second largest shareholder as well
copumpkin: I shouldn't have
to read
the
thread on
the forum if I'm
trying
to use your site
to raise capital :)
nefario: and I've had DMC shareholders on my back for weeks now
to do something
Diablo-D3: but
the
two largest shareholders have been more
than happy with my performance
nefario: copumpkin: have you not read
the
thread on
the forum?
copumpkin: nefario: yes,
that's possible, but
the question is why _you_'re
the one making
the call
Diablo-D3: and not _one_ shareholder came
to me and asked me
to step down
mircea_popescu: welll so
then creating precedent on
the cuff like
this ?
nefario: there is also no precedent
to
this on GLBSE
nefario: copumpkin: it's not your company if it belongs
to your shareholders,
then it's
theirs
copumpkin: that's something for
the law
to do, if anything
mircea_popescu: Your IP address based on
the country, region or network has been flagged by
the website owner.
copumpkin: not something you can
take away because you decide
copumpkin: it's usually assumed
that my company is mine
mircea_popescu: yes, but you can move
them
to an account and vote from
there.
copumpkin: you need
to make it clear
that people listing
their securities on your exchange are accepting your pseudolegal oversight as well as your exchange services
Diablo-D3: mircea_popescu:
treasury shares cant vote
copumpkin: I
think it's just misleading, honestly
mircea_popescu: there were accusations of impropriety at
the
time, as in,
nefario: People seem
to
think
that GLBSE is only a market and
that nothing should interfere in
the market
mircea_popescu: well, so in
the end was
the previous voting fixed by fake shares nefario ?
copumpkin: can you show me where on
the
TOS it allows you
to do
this?
nefario: it's up
to
the shareholders when
there is a vote
nefario: copumpkin: Because he's not running DMC, at best until after shareholders agree
to it, at worst never
Diablo-D3: even if he goes on
the dmc
thread and apologize and say he was wrong,
thats it
copumpkin: nefario: he's asking you now. Why is
that not enough?
Diablo-D3: I HAVE REPEATEDLY ASKED YOU
TO ADD
THAT FUNCTIONALITY
OneMiner: Perhaps
this can go another way? Is it possible
that
there's a middle ground here?
copumpkin: nefario: I just mean
that you're using
the
TOS as an excuse
to not show shareholders in one case, but
then unilaterally move in and make an executive decision regarding DMC
nefario: who has a right
to know if someone owns
their asset
Diablo-D3: OneMiner: if I continue with
the dedi/cloud stuff, people are going
to attack customers saying nefario said dmc was a scam
nefario: copumpkin:
TOS can be changed
Diablo-D3: OneMiner: so I dont know what
to do
copumpkin: nefario: so you can't show people
their shareholders because you'd need
to change
the
TOS, but you can do
this?
dub: fuck
the shareholders
nefario: actually
this is
the first case
dub: nefario: stepping in
to
this
train wreck is bad for GLBSE
OneMiner: You know, like under what coinditions
this kind of action can
take place.
nefario: I won't be unlocking
the account until after
the shareholder vote
dub: so all
these shareholders claiming injury can fuck off imo
Diablo-D3: even if you unlock
the account right now, Im going
to figure out some way
to move DMC off GLBSE
OneMiner: Is
there some kind of agreement I can read concerning
this process?
dub: and, surprise, people
took advantage of
that
to align DMC bonds with
their actual value
Diablo-D3: no one will EVER
trust you with money again
Diablo-D3: nefario: no one
trusts you with
the money.
OneMiner: Wow,
the more I hear
the more screwed it sounds.
dub: and you created a mechanism for people
to profit from swapping your worthless shares for mining bonds
nefario: Diablo-D3: you know, if you wanted
to continue paying DMC shareholders dividends it could easily be arranged
Diablo-D3: OneMiner: so I end up with money and no one
to send it
to
dub: when in fact, you have no expertise and
there was never any value in DMC
Diablo-D3: OneMiner: he cant
touch
the upcoming dedi/cloud stuff
OneMiner: Ah ha! So he siezed all DMC assets
that
took
the form of bonds. In other words, everything of DMC's he could get his hands on.
dub: you sold
the promise of future assets for mining bonds
Diablo-D3: I sold assets dmc owned
to buy other assets.
OneMiner: Sooooo, because you sold assets (owned by DMC) in preperation for some future move, he's siezed
the BTC
that DMC had in GLBSE? Do I have it right now? I'll feel stupid if not! D:
Diablo-D3: OneMiner: I dont get when
the fuck we elected nefario as our SEC either
mircea_popescu: <OneMiner> I'm
trying
to wrap my head around
this. << you're not alone.
Diablo-D3: destroying every dime
they put into DMC and keeping it for himself is not "for
the shareholders"
Diablo-D3: he said hes doing it "for
the shareholders" and
that "shareholders started it"
Diablo-D3: OneMiner: and
they dont even understand what he said
Diablo-D3: OneMiner: he has made it clear on
the DMC
thread
that he wants
to fuck every DMC shareholder
Diablo-D3: nefario is now completing
the job.
Diablo-D3: I dropped
the bonds at a loss but kept it from destroying dmc
Diablo-D3: those other people decided
to fuck bondholders
dub: the entire DMC idea is retarded and anyone with half a clue can see
this
OneMiner: I see I see, so you raised more capital by releasing bonds. Diluting
the market and
then nefario steped in.
Diablo-D3: OneMiner: sold
them and invested
them in non-fixed asset backed shares
dub: they deserve
to lose
dub: I
think its ultimately bad
that nefario has stepped in here
OneMiner: Wow. So, prices were falling like rocks. You liquidated hardware (?) and
then nefario steped in?
Diablo-D3: OneMiner:
the loss could have been worse but I managed
to make leave us with some assets
OneMiner: Well, snap. In
the event of a default
there wouldn't be mining hardware
to sell. Yikes. I'll ask for pics if I decide
to invest in one of
these. :P
Diablo-D3: I realized what
they were doing and jumped out as fast as possible
Diablo-D3: they keep most of
the money, and
the bond purchasers get fucked
Diablo-D3: then
they pyramid pay it out until
they buy asic hardware at a fraction of
the cost
Diablo-D3: pocketed hundreds or
thousands of btc
Diablo-D3: OneMiner: basically,
the fixed bond holders sold bonds for hardware
that didnt exist
Diablo-D3: dub: wheres his investigation
there?
OneMiner: It's a bet
that network hashrate will reduce. Fixed mining is a hedge.
dub: the market decided
that
dub: how is
that anything
to do with nefario?