Quote from: Terrik on November 23, 2015, 03:39:43 PM

Quote from: suchmoon on November 23, 2015, 03:16:39 PM

Quote from: Terrik on November 23, 2015, 11:56:03 AM

Quote from: suchmoon on November 23, 2015, 11:34:43 AM

Quote from: Terrik on November 23, 2015, 10:38:37 AM

You're right though, people do lie from time to time, even some of the most honest people will occasionally lie and sometimes not even realize it.. but I don't believe he's malicious, and has never said anything to me that caused me to raise alarm, and he would have more to lose than gain from lying to me.. and like I said earlier, I haven't had any negative interactions with him..

So let me get this straight. Someone takes (borrows) 120 BTC from "investors" and claims to have that money but at the same time blockchain proves there is only about half of it still remaining. Said someone is also putting all sorts of restrictions/delays/fees on withdrawals.

The restrictions on withdrawing from the pool is primarily because of how stake coins work, stakeminers wants to mitigate the loss of revenue that destroying the staking coin maturity causes.. some coins are very liquid like NET that will stake almost like clockwork every 6 hours, or HYP where you can have a wallet full of coins and just grab the the blocks that recently staked and fire em off, but other coins like TEK have 30 days of maturity, and if someone wants to pull them 25 days in, it's an issue.. we're always working to structure the wallets so there's an even flow of coins being staked daily in all the wallets, but sometimes it's just not possible for various reasons, which I could go into detail on, but I'm sure you're already aware of, everything from market swings, to network difficulties.. but the withdraw "restrictions/delays/fees" as you put it, are clear in the terms of service ya? maybe I'm missing something, has someone had trouble getting their investment returned to them?

But that's ok because all people occasionally lie?

No, that's clearly not ok.. if he is showing 120 btc in investments on the ledger, there should be 120 bitcoin worth of coins purchased for the pool, the prices on those coins fluctuate all the time on all those coins, so it's never going to match up exactly, the payouts come from selling the stake from the coins in the pool.. I do have the wallet addresses, and can look into them, it's on my list of things to do..

Can you please post the whole list of cyberpinoy's occasional lies that you're ok with. I'd like to get on the same page with you because right now this conversation is getting really awkward.

I'm actually not "ok" with people lying to me, but it happens sometimes, sometimes it's malicious, and sometimes it's not.. and I will confront them about it if it's serious.. There's alot of miscommunication in forums, and yea, it's hard to get on the same page with people you don't know or interact with frequently... I've only heard one side of the story, and I really don't get on the forums much, I been in crypto for some time and never really used forums much, aside from looking at an occasional ANN post.. But you guys do seem to have some legitimate concerns, but just when I think there might be some sanity around here, I see links to random stuff that is just way out there on a limb.. just seems like everything has gotten toxic as hell..

I already posted a link for you - TWICE - to where the wallet math has already been done. Sure you're welcome to double check it but all you've done so far is try to sugarcoat and deflect from the issue.

Re fees etc:

https://stakeminers.com/terms.php

Quote

Example: You request a withdrawal of 10 BTC. Stakeminers calculates that 6 BTC are available for withdrawal this month. Stakeminers will return to you 6 BTC this month and 4 BTC next month.

cyberpinoy has ninja-changed the TOS a couple of times and the most recent change is to split withdrawals into two parts. If what you're saying is a concern then disturbing the staking wallets TWICE for the same withdrawal would be the wrong thing to do. Besides he hasn't been actually removing the coins from wallets anyway - for example the NET wallet hasn't been touched for at least a few withdrawals that I know of. The TOS is now clearly designed to stall the withdrawals because cyberpinoy doesn't have funds to pay everything he owes. And yes, there have been issues with withdrawals - at least one investor had an excessive fee charged on his withdrawal and cyberpinoy has refused to correct it or even explain the calculation he used to come up with the fee.

as far as I know, no ninja change to the TOS has ever occured, I know there were lengthy debate about the TOS in the board meetings, and everything was agreed upon, and there was ample notice to everyone invested, and everyone was given the option to leave if they wanted.. I don't believe there was any significant exodus as a result, and this seems to be a "deflection" tactic that you like pointing out.. and I'm not sugar coating anything, in fact, it looks quite the opposite to me like you're trying to make something out of nothing.. but it's clear we have a different perspective on this specific matter..

Holy fuckin' shit! This Michael Wilterdink is truly 100% delusional!

I'm gonna revisit this post in a spell and show proof that StakeMiners' ToS was indeed changed under Terrik's watch and with his input.