1036700+ entries in 0.749s
Chaang-Noi: jro
taking
the money and running? if only saw
that coming...
mircea_popescu: usagi you're prolly on solid ground
to mark
the respective lines as a complete loss in your book
DeaDTerra: In case of a JRO default I will post all relevent logs on
the forums so you can see for yourself if not
then, I am very happy
that
things could work out.
DeaDTerra: anyways, I
think I am just going
to stop
talking about
this xD, half of
the
time I remember incorectly and
the other half I don't remember at all :P
DeaDTerra: he just needs
time
to raise capital, but
then again why has he not responded
to Nefario
DeaDTerra: i
think hes planning on buying back
usagi: Ahh so
the money is gone.
DeaDTerra: To everyone who's affected: I'm incredibly embarassed, and I'm deeply sorry. I still have hope for
the future. I can't be certain
that it will work out for
the best, but I'm going
to continue
to
try until my last breath.
DeaDTerra: In
the meantime, I've been working hard
to make a real world retail digital currency exchange happen in San Francisco, which would be a prime customer of
the ZipConf back end - i.e. multi market, unified orderbook and best price discovery, for
the purpose of buying and selling bitcoin, with an eye
toward providing other digital currencies (Linden Dollars, In game currencies) in
the
DeaDTerra: I'm actively seeking
the assistance of a few friends and past associates
to raise
the money needed
to retire
the BitcoinRebate debacle, and retire all GLBSE obligations. Since Alberto (Bit Day
Trade) has no assets remaining, or intent
to pay, I'm on
the hook entirely
to retire all GLBSE obligations. I accept
this, and I will sell my good kidney (if need be)
to make
that happen.
DeaDTerra: to summarize, he explains
the situation out of his eyes, what happened etc.
Then he says he has been busy working on some other projects which I am not sure if I can mention and 20Misisons.
To be able
to settle his debt.
Diablo-D3: theres less
than 20k shares
to go for asicminer
DeaDTerra: hm
that was probably
the night I was up
to 4am
trying
to fic
this whole
thing. Can't post
this online unfortunatly,
though if Nefario doesn't have it I should send it
to him
DeaDTerra: Dude
this is scary i remember reading
this, but I can't remember when, I must have been so fuckign
tired xD
DeaDTerra: hm, why has
this not been posted online. And does Nefario have
this hmm
EskimoBob: mircea_popescu: was
that a surprise
to you?
EskimoBob: any news from nefario? When will he fix
the exchange?
usagi: Well I am not connected
to
this really
mircea_popescu: it still won't fix
the company. so you get a car. big deal. you weren't into
this
to get a car.
usagi: and we
take his car
usagi: I guarantee you I would go after someone
that did
that
to me if
they signed a contract like
that
usagi: be entered
thereon.
usagi: with
the judge.me arbitration agreement.
The arbitrator's
usagi: contract, or
the breach of
this contract, shall be settled
usagi: 1. Any controversy or claim arising out of or relating
to
this
DeaDTerra: Though first I want Nefario
to call him repeated
times, so it's obvious he's not planning on
taking responsibility
DeaDTerra: If JRO doesn't respond soon
then I will go
through all skype convo I have ever been in with him and release all
the relevant info
mircea_popescu: usagi just saying, if people have a falling out contracts don't help at
this level.
mircea_popescu: they're like marriage contracts. start-ups work when
the people are having not sex-sex, but start-up sex.
usagi: I hope you have learned
to do
the same from now on, DT :)
DeaDTerra: Now
the question is wheres
the rest of
the money from
the IPO
DeaDTerra: JRO planned
to help Alberto develop it and he planned
to make sure it was profitable and went sucessful. But after
the IPO he and alberto had a conflict and JRO dissapread for a long
time. A couple of weeks in fact.
Then he comes back he has moved on
to 20Misisons and Kronos, and now avoids Rebate etc. So I
think he originally planned
to run it but hen jumped off after
the fight with
DeaDTerra: Tbh
this is how I
think
the whole rebate
thing went down
DeaDTerra: nvm I am going
to stop name dropping it was months ago, I can't remember
DeaDTerra: I might be wrong xD
this is all from my memory, let me check
the skype log
DeaDTerra: Well having
that said it's not like I had a
tin foil hat on me saying he's going
to do
this and
this because he said so. I questioned him and
tried
to get him on
the correct path several
times.
DeaDTerra: Vlad worked on kronos, and I
think he was on
the development
team
mircea_popescu: and
this misplaced loyalty creating a fog around
things is very detrimental
to business and
the btc.
DeaDTerra: Yes it was stupid
to believe him, but he's very convincing plus when you have a lot at stake your brain wants
to believe whats being promised.
mircea_popescu: usagi many of hte better services were in fact a single man endeavour or close
thereby, like say bitcoincharts.
DeaDTerra: Eric,vlad,alberto is
those I know of
that has worked on his projects.
usagi: I don't see
the need for a
team
usagi: If you have a
team you are probably incompetent hehe
mircea_popescu: "his development
team". sigh.
there's not five developers half competent into bitcoin atm, what "team" ?
DeaDTerra: I have
tried
to get contact with him, as he plans
to run Bitcoin related projects in
the future. It will not work out unless he cleans
this mess up
DeaDTerra: since
then I have been pushing for a wrap up/buy back of
this whole
thing but as he's very very slow at getting back if he gets back
to you at all
that is, it's very hard
to negotiate.
usagi: JRO will not be very happy if his info gets posted on
the bitcoin credit agency
DeaDTerra: He said
that he has investors coming into 20Missions and
that he would set his development
team on fixing
the project. I believed him for
the first couple of weeks.
usagi: I have a way of knowing such
things.
DeaDTerra: I am quite pissed at JRO, as he promised me
that he would fix
this, all of
this. Both ZIP.A and Rebate were
to be paid back or
the service were
to go up and start generating profit. So I bought him
time and what does he give me, more silence and bullshit. sigh...
EskimoBob: DeaDTerra: if
the code is worth anything and you guys wan someone else
to finish it up, I can probably help (I am not a programmer)
to get it cleaned up
mircea_popescu: 2. everyone's involvement is unclear especialyl as
to limits
till
the point something goes wrong.
mircea_popescu: 1. everyone is friends with everyone, covers up for people,
then we end up shakaru'd.
mircea_popescu: i
think it's maybe
time
this soupy chummyness comes
to an end.
DeaDTerra: I had nothing
to do with
the development
team
EskimoBob: DeaDTerra:
to you know what language
they used
to write ZipConf?
mircea_popescu: well srsly, if
this guy is short like 5k btc = 50k usd and jared kenna contributed about
the same
that'd be all
their working capital involed
there.
DeaDTerra: That's why I don't
think he will make a run or something silly like
that.
DeaDTerra: it's his new Project
that he has been spending
time on instead of cleaning up Rebate and ZipConf.
DeaDTerra: Some say he's currently sick, I don't know I just want
this solved and get back my BTC
DeaDTerra: when rebate couldn't show
the results
the shareholders wanted I pushed for a buy back and as JRO didn't respond and I haven't
talked
to him in a week Nefario decided
to shut down
the accounts,
to investigate what was going on.
mircea_popescu: this on
the other hand sounds extremely shakaru-esque.
DeaDTerra: JRO is moving on
to other projects and is becoming hard
to communcate with.
mircea_popescu: "From what I've learned,
those around him (not going
to drop names here) have been covering for him for some
time.
To resolve a situation requires at
the least basic communication, of which we've not seen for months."
mircea_popescu: DeaDTerra so
then as conjecture,
the problem
they were
trying
to solve solved
them, people got disheatened,
took a nervous break-down, will in principle be back
to unwind soonish
DeaDTerra: My opinion is
to reach a deal with JRO of a slow payback
to
the investors.
DeaDTerra: Rebate is up and running but is not as profitable as it needs
to be and I doubt it will be as profitable, as long as it's not integrated
to ZipConf and it doesn't have a proper development
team behind it.
DeaDTerra: ZipConf has a major flaw/bug in
the system, it's unknown when or if it will ever be fixed, JRO has said
that it might not be able
to be launched publically but it can instead run as a network with only
trusted parties on it. Note
that I am parafrasing
Diablo-D3: DeaDTerra: how close are
they
to
their goal?
DeaDTerra: <mircea_popescu> DeaDTerra what do you know about
the entire ownes/zip
thing ? In what sense what do I know?, I know most
things about it.
mircea_popescu: dude, it boggles. "i had an asset made in my name on my website and
then i got like 1k btc of i dunno how many raised cause i didn't care and nao i shall give people whatever i have left
ty all for being pros"
mircea_popescu: ok,
this is possibly
the most unprofessional
thing i ever read in my life. WHAT ?!
Diablo-D3: DeaDTerra: are
they close
to being done?
mircea_popescu: i'm asking because "Hello, I am sorry
that
there has been no official
thread so far JRO
the owner of Rebate has not had
time
to post one as he has a lot
to do with other projects, Kronor etc."