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Re: Lauda removed from DT network via 3 exclusions
by
TMAN
on 16/02/2018, 10:39:46 UTC
I've read both your posts, and I can't find what you have a problem with. It seems you don't like the settlement agreement, but it seems to be done in a straightforward, transparent, and fair way.

1) Lenders lend to a Nastyfans.
2) Nastyfans pays back lenders per the original agreement.
3) Nastyfans offers a offer to settle the debt.
4) Lenders accept the offer.

It seems like you didn't like the original agreement. That's fine, you don't have to lend to Nastyfans. And if you don't like that they settled, then don't lend to Nastyfans in the future or make sure that you have favourable terms if you do.

I think this was done in a great way, a win-win for all parties.
The main idea is, that if you take "loan" then your main target is to pay principal back. When you take loan you describe people from what profits you are planing to pay back. And if that fails, you have to find another way. Usually u tell when you are going to pay back. But in case of Nasty, people decided not to worry about this as he "is so gentle and trustful", that he would definitely pay back sooner or later(depends on BFL shipment), but not 100+ years.
In this situation the loan was treated like a business proposition, when parties share risk (and usually profit).But he got low interest loan with huge risk, calling it low risk investment (loan). That is not right to me, because is was called "LOAN", not investment opportunity or etc.
Original agreement didnt`t covered a lot of cases, for instance what if NastyFan stop receiving "donations", or they would start to be called "dividends", so then Nasty wouldnt have to pay anyone anything? That does sounds scamy to me.
Even donations to NastyFans doesn`t have any strict agreement or obligations from anyone.
So its up to OggNasty to choose the way he would treat all of it. And IMHO, he haven`t done it right, so this is warning bell for all Fans and other "investors"/"debtors"/"what ever".
If some one things other way, then this is a right investment for you.
that one makes me laugh.. serious investors get ignored when they see things in a different light than our DT-1 memeber og nasty..

oh and I am still yet to bring to light the details of the GLBSE fiasco.. this will be very interesting reading for those "not informed" of how OG likes to conduct business.. as the Treasurer of this forum and DT-1.. its shady as hell.

*GLBSE* issued shares and was dissolved by nefario. I wasn’t happy with that as a resolution and worked with nonnakip to get NastyFans in place. We are the only survivor from hundreds of original GLBSE “securities” and many people are appreciative of our efforts.

Edit..

I don't know about you TMAN but I measure my profits in the good old american dollar.

But my altcoins this week tanked in value against bitcoin, but actually rose in profit in terms of USD because of that USD growth I am able to buy some stuff

that is because you are retarded.. go sit on a USD forum if you want to earn USD... the USD is the worst shitcoin in existence all I want is more BTC...