845600+ entries in 0.571s
dub: they could put a serious dent in
the evolutionary process if allowed
to breed
too
Diablo-D3: those
two could put a serious dent in
the remaining shares
Diablo-D3: btw, Im wondering what
the biggest remaining shareholders will do
Namworld: Hopefully it works long enough for
things
to close down as best as possible.
Namworld: Well if
they keep
to
their word, only purchasing more assets will be halted for US residents.
Diablo-D3: but bitfunder could just glbse
tommorow
Diablo-D3: At
the very most, its less
than 30 days (nov 1st)
Diablo-D3: I have no clue how long I can offer it
though
dexX7: that's a different
topic
ThickAsThieves: good on him, but
to be fair
that is
the way it was before
dexX7: Diablo-D3: considering you wanted
to void all shares, i must say it's a honorable move
to change your mind and offer
the 1:11 exchange
Diablo-D3: Namworld: I sent
the PM
to friedcat
Namworld: ok, well I'm off for now.
This has dragged on quite late. Good night.
Namworld: Let me PM
the email
to you anyway.
Namworld: I have none I
think. Well I auctioned my ASICMINERs long ago...
Diablo-D3: Namworld: whats
the email you gave
to friedcat/
Diablo-D3: there, I
think
thats
the final edit.
Diablo-D3: Namworld: cant mention it any more prominently
than it is
Namworld: You should probably mention
the 11:1
trading prominently however.
Diablo-D3: I
think I calculated
that if yochdog cant find a buyer for
the hardware, its basically worth about 1.5BTC
Diablo-D3: I seriously doubt anyone will offer anything for BTCMC
that even comes close
to what is owed or what yochdog claims is left
Diablo-D3: yes, unless someone offers something worthwhile for
the BTCMC
Diablo-D3: Namworld: but whats left of DMC _will_ resolve its debt
to me.
Namworld: Ah, I see
the corrections. Assets will not be repurposed for DMC 2.0 hmm
Diablo-D3: which Im still offering
to shareholders.
Namworld: I want
to see DMC's assets be properly liquidated and paid out.
Namworld: I'll
transfer
them
to you, nothing asked in return, on
the condition you liquidate and payout
the remaining holders.
Namworld: I haven't had a single holder before
today which claimed
that I owed
them something,
that made accusations or complained at all.
Diablo-D3: go find out if you can still
transfer shares
to me while
the asset is locked
Namworld: Yes,
that's what I was checking.
Diablo-D3: Namworld:
there, I edited
the final notice as per your requests.
Namworld: It's no effort auctioning/selling
the remaining assets
to highest bidder and paying out liquidation
to current shareholders for a closing as per contract.
Namworld: At 1000 AM and 11 DMC
to 1 AM
trade,
there should be a bit over 300 AM or 300 BTC left.
Diablo-D3: whats
the current value of an AM share anyhow?
Namworld: If you're fed up and just want
to
take it, no need
to feed bullshit arguments
that don't hold any credibility.
Namworld: Do as you please, but
that's low, compensating yourself like
that when shit happen and leaving
the others. I hope remaining holders aren't
too damaged by
that.
Namworld: The difference being, in
this case, you're admitting
to yourself
taking
the remaining assets.
Namworld: I can't afford
to pay over 1500 BTC.
Diablo-D3: So
then pay DMC
the 106 BTC you owe
through BTC-MINING.
Namworld: I'm richer now and
trusted. I've made back my losses with amazingrando because people seem
to appreciate working with me.
Diablo-D3: It doesn't pay
to be
the nice guy always
trying
to do
the right
thing.
Diablo-D3: Namworld: Because I have decided,
thanks
to you,
that
this is
the cost of DMC in
the end.
Namworld: I know it's been bad. But I haven't
taken any salary either for fixing
the aftermath as best as I could.
dub: fuck everyone because
taxes
dub: its
the libertarian dream
Diablo-D3: This whole experience has left a bad
taste in my mouth.
Namworld: So your answer is
to act like
the government but against government regulation
to open DMC 2.0 as per government regulation??
Diablo-D3: Namworld: I'm sorry DMC did not succeed, but
thats
the way it is.
biteesak: so might as well do
the same whenever possible
Diablo-D3: The government changes
the rules
to suit
themselves, everyone is out
to cheat steal and lie, and a
tiny fraction of a percent ever win.
Diablo-D3: Namworld: I just don't see
the point of
the startup game anymore.
Diablo-D3: Namworld: so whats
the point of building a company if
the rich can just steal it all anyhow
Diablo-D3: which I doubt any company in
this industry will ever become
Diablo-D3: unless you're just so large you can get away without paying
taxes
Diablo-D3: Namworld: making a profit means basically 60% of
the money goes
to
the government
Diablo-D3: Namworld: Im not even sure if Im going
to.
Namworld: I'd have
to say, quite possibly
the worst move one could do if
they want
to start a proper business requiring
the funding you're seeking.
Diablo-D3: Which makes me
the lowest paid CEO in
the history of business.
Diablo-D3: Namworld: payment
to
the CEO for doing his job.
Namworld: So, could you please
tell me what
those expenses are? Because I know
there's ASICMINERs left and liquidating
those on
the market would cost almost nothing.
Diablo-D3: I shall now pay out
the final sum
total of BTC: 0.
Diablo-D3: DMC is now closed.
The expenses incurred from
the operation and liquidation of
the company is
the current value of all assets.
biteesak: so
the opportunity
to stick out is rather big
Diablo-D3: bitesak: what
the entire community has done isnt very honest
Namworld: Nothing in
the contract allows you
to either.
Diablo-D3: Nothing in
the contract prohibits
that.
Diablo-D3: Namworld: I can repurpose
them for DMC
to remain in DMC.
Namworld: Well
then, DMC's assets are stuck in DMC, idling. You still can't repurpose
them for DMC 2.0
Diablo-D3: 1) 50% of all mining revenue will be distributed
to shareholders in
the form of dividends (henceforth referred
to as "dividends").
These dividends will be paid monthly, split evenly among all shares regardless of class or issuing date.
Diablo-D3: Namworld: notice
the line about dividends
ThickAsThieves: it says you will liquidate assets and payout
the profit
Diablo-D3: So
tell me, Namworld, what does
that paragraph say
Diablo-D3: Each share represents 0% of
the ownership in
the company assets. In
the event of liquidation, 100% of
the revenue from sales of
the assets and 100% of
the growth fund, minus any expenses incurred from
the operation or liquidation of
the company will be paid
to shareholders.
Namworld: Still a profit. Holders are entitled
to it.
Diablo-D3: And it
took over 2 and a half years
to even get
that far.
Namworld: That's
the reverse, some are in debt
to DMC, DMC is not in debt.
Namworld: Unless DMC "OWES SOMETHING
TO SOMEONE", it's not in debt.
Diablo-D3: Namworld: money owed
to DMC exceeds what DMC has in "assets" (if you can call
them
that)
ThickAsThieves: I used
to
trade and hold DMC,
then I read
trilema articles from back in
the day
Namworld: If I'm not mistaken, DMC 1.0 as per contract is entitled
to all
those profits
that were made over initial investment.
Namworld: You get away with all
the extra DMC 1.0 made?