Quote from: gigavps on November 25, 2012, 02:42:55 AM

Quote from: usagi on November 25, 2012, 02:40:14 AM

I usually follow the mod's decision without question but in this case, from what Gigavps has said, he issued a contract on GLBSE in full knowledge he would never keep it -- as he had retained legal counsel from the beginning.

Can you please quote me where I have ever said this.

1. Your OP (which you apparently deleted -- nice job asking me to quote you, here it is):

Quote from: theymos on November 24, 2012, 12:52:09 AM

I think that this is the ~original version of the OP.

Quote

Hello fellow bitcoiners,

Off the back of the glbse 2.0 release and with a soon to be influx of mining equipment, I am proud to release the first and ONLY 5Mh/s perpetual mining bond.

Introduction:
Mining assets are becoming extremely common on the GLBSE. We have companies that offer ownership of hardware, bonds that correlate to actual hash rate. But overall nothing too exciting, too large, or too profitable.

Until now.
Introducing Gigamining! http://gigamining.com/

The ONLY 5Mh/s perpetual mining bond.

The first bond to offer more than 2 Mh/s per bond, and run by a name you know has the hashes to back it up.

Summary:
There will be a total of 10,000 bonds issued, with each bond worth a massive 5 Mh/s.

During the initial offering ~~of 1000 bonds~~ the 500 bonds remaining will be sold on 4/10/2012, they will be sold for a cheap 1 BTC. All maintenance free.

Bulk pre-sales of 100 or more units can be made at the 1 BTC price BEFORE the IPO on 4/10. PM me to get started.

Each bond will pay 100% of PPS earnings every 7 days.

The bond will never expire.

I reserve the option to repurchase bonds at 105% of the highest traded price over the last 15 days.

About Me
Most of you know who I am, most of you know I have the ability to deliver this kind of power. I'm not going anywhere any time soon, so trust that your coin is safe, and doing its best work for you, here. If you have any questions, ask them in the thread.

Where is 50Gh going to come from?
- I currently run 33Gh in GPUs (undervolted and underclocked to 26.5Gh for the summer)
- I also run 11 Butterfly Labs singles @ 9.1Gh
- Soon 4 mini rig boxes will arrive with a total of 100Gh of mining capacity.

You can see the farm mining at anytime at http://gigamining.com/mgpumon/

Best,
gigavps

In your contract on GLBSE, you did not make reference to the following:

a)

Quote from: gigavps on November 23, 2012, 02:32:07 PM

Virtual Processing Solutions, LLC (hereinafter VPS) has entered into a number of assignable agreements (sometimes known as gigamining), whereby, among its other provisions, in exchange for financial consideration, VPS agreed to conduct electronic data processing services and provide some portion of the outcome of this processing in the form of bitcoins to the current beneficial assignees of these agreements.

You led everyone to believe it was run by you and at no time until this point did you mention VPS. Now suddenly it isn't run by YOU, it's run by VPS. This is important. You are trying to legally separate yourself from this. You cannot on one hand use your personal guarantee and on the other separate yourself legally. Isn't this is what Patrickharnett, Hashking, and others did? They made personal guarantees and they did not follow through.

b)

Quote from: gigavps on November 23, 2012, 02:32:07 PM

It is the intention of VPS to comply with its obligations pursuant to these agreements to the extent consistent with U.S., international, and local law. While VPS is not aware of any current regulatory action involving www.glbse.com or itself, it is clear that trade in bitcoins is attracting increased regulatory and taxation scrutiny. Accordingly, VPS has retained the Law Offices of Carlos M. Fleites, to resolve such outstanding agreements in a lawful manner.

If you believe you are the beneficial assignee of such an agreement, you are requested to contact the Law Offices of Carlos M. Fleites in writing at the below listed e-mail or physical address to provide the following information:

You can't do this because you had a contract. If you do it, it means you are breaking your contract. The problem is that you led people to believe something, and without any legal pressure (quote: "VPS is not aware of any current regulatory action involving www.glbse.com or itself,") you have decided to make things difficult for investors.

And, now is probably a good time to explain something as far and wide as one can:

Quote from: gigavps on November 25, 2012, 02:42:55 AM

The bitcoin payment address associated with your glbse.com claim
Name of the person or entity claiming beneficial assignment of the agreement,
The physical address of the person or entity (no Post Office boxes or mail suites),
The tax identification number of the person or entity claiming beneficial assignment,
For real persons: a photocopy or scanned PDF of government issued photo identification, or, for corporations the document number and issuing jurisdiction of the incorporating charter and proof of current good standing.
An affidavit attesting to the beneficial assignment of the agreement, which has been notarized (US residents/corporations) or local equivalent bearing the apostille of the competent jurisdiction. Copies of an acceptable affidavit can be obtained upon request from the law offices.

All information provided will be held in confidence and used only for the purposes of lawfully fulfilling the obligations of the agreements and not shared with outside parties except as required by law. If you have any questions or concerns, please address these to the law offices at the following e-mail or mailing address.

There is probably only one reason why they require your information. It is not to identify you for the purposes of payment. They will already have that information from the GLBSE. They do not require an external identification of that kind.

The only reason I can think why they are asking for your contact information "..for the purposes of lawfully fufilling the obligations" is because they would be planning to turn your information over to the Feds should doing so ever become a valuable plea-barganing chip. Do not kid yourselves. IMO GigaVPS is trying to fuck you up the ass for his own personal benefit. Just like Patrick Harnett with the Kraken fund.

In fact this information will almost certainly be turned over in any case merely to show intent to cooperate.