Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
Is it only me or ...., every time we read anything about Gox we hear a litle from Rat and now that Gox has filed for liquidation suddenly Rat has the documents in hand 
I seriously hope that i'm wrong about this but may god give us strength if im right and all our funds are flushed and that 18TH is all we ever going to see.
I seriously hope that i'm wrong about this but may god give us strength if im right and all our funds are flushed and that 18TH is all we ever going to see.Mt. Gox did not effect LRM.
The trading platform is still being worked on. It's in Alpha testing, but it is not owned, operated, or affiliated with LRM.
The trading platform is still being worked on. It's in Alpha testing, but it is not owned, operated, or affiliated with LRM.
I can assure you I wasn't stupid enough to hold funds on any exchange and I'm still not.
I manage all priv keys used.
I believe you understand if I don't take your word very seriously only because you have had all our funds in hand from the day 1 but we do not see the gear that was promised months ago mining for us, not to mention that bitfury still has equipment in stock ready to ship over night. So....yeah.
And to clarify, the majority of the funds that were pulled in were when the bitcoin price was between $80-120, so the millions they'd be worth today was only a few hundred thousand. On top of this, equipment pricing was much steeper back then.
I'm curious about this. What are you trying to say to karusloom? The funds (bitcoins) were indeed worth ~$100+/BTC (upwards of $750,000 in total). However, you held the property invested and did not trade it for fiat. Also you had an arrangement with BitFury where you did not need pay Dave anything until hardware was actually ready to ship (not before). So, the bitcoins were in hand and increasing in value until shipments were ready. And since the projected hardware (based on what in-hand bitcoins you had) was quite large, and shipments have not since been discussed, there is therefore either (1) a LOT of bitcoins still be in hand, or (2) lots of unreported hardware. This is a potent argument for transparency - and I will not be surprised if/when people seek legal recourse to make all transactions a legal public record. Afterall, it is already established that you are dealing with other people's (investor's) property - rewriting the contract/agreement can't undo that.