Post
Topic
Board Service Discussion (Altcoins)
Re: LTCGear.com SCAM - Enough is enough, lets get some info together
by
nelsonroberts
on 07/03/2015, 22:26:37 UTC

Well, it's been 3 solid weeks since the question and answer session. At that time he stated that balances would be viewable for accounts within a week. He also said that he would need to perform maintenance for a week. Maintenance "week" should be done by tomorrow, though according to the vague timeline he implied, should have been done by last Sunday. What if the maintenance week extends for another week or two? Has anyone noticed any jump in hash rate for coins the Gen2 chips are supposed to mine? If so, maybe he is using the "maintenance week (or weeks)" to catch up on what he owes everyone while the mining operation is officially (though not really) offline. Anything is possible at this point....


Does not really matter what has been actually mined, the mathematics of the facts are that he has missed somewhere between 11 and 13 payments have been missed. Now you do the estimates as to how many customers he has and average number of shares they have....even under the most conservative estimates it would still come out to the equivalent of millions of U.S. dollars that he owes. Does Chris have millions of dollars? Do you think so? If so, he could have easily paid out to his oldest registered customers who have been with him from the start, way before the " hack " and way before any hint of " possible tainted shares ".
That payment would have at least shown good faith to the remainder of the customers.
I have continuously asked Chris to give us the most liberal roughest Percentage Estimate as to how much work has been completed so far, a question that was also posed to him in the Q & A...a question he refuses to answer. Instead, he continues with mindless daily ETAs and the only reason he does that is to legally show "best effort " in the event of future legal action against him.
Giving a Percentage on work completed is not only a very legal phraseology but involves a finite concept...if you say you have only completed 15% then at some point you have to say 16, then 17 then 18, etc., etc. And that is exactly why he will not answer that question.