[GPUC] GPU Coin | Mandatory Wallet Update

[Forexperiments]

Shoot, I transferred 400k GPUC and they're not showing on the receiver wallet 
If they went transfered on the wrong blockchain, does this means that my coins are lost? 

[waltsmith]

Shoot, I transferred 400k GPUC and they're not showing on the receiver wallet 
If they went transfered on the wrong blockchain, does this means that my coins are lost? 

No, not lost.

Could be due to several different issues that plague a lot of wallets on a lot of coins.

Re-downloading the block-chain on both clients while running the wallet with the re-scan option in the shortcut you use to launch them should solve almost any issue, especially if afterwards you wait approx. 30 minutes for any thing missed in blockchain to be re-broadcast and confirmed. Any questions just ask here.

waltsmith

[jimlite]

I don't know what to make of all of this.  Jaymes seemed honest at first.  After all I won the 280x contest and he did send it right away.  He answered my emails, and took some of my advice.  I spent $400 in electricity mining GPU coin for a month, which is now worthless, but at least I broke even by getting the card.  Over the last 2 weeks I have sent him two emails with no response.  Nothing adds up. If he intended to pull a scam, he would not have had an LLC and he certainly would not have given out his address and posted his picture here and on youtube video. Anybody near him could find him.  So I believe he thought this would be a good business, but alas it hasn't worked out.  Shit happens like that as most startup businesses fail. But instead of hiding and going off the grid like a f@cking 12 year old, Jaymes should just come on here, post his reasons of his abcense, admit the business model is failing and needs work. And then either DO the work or pass it on to someone who will.  Forget Hannibal, psychiatrists could write a book about WHAT THE F@CK IS GOING ON IN JAYMES MIND!

[vesperwillow]

Nothing adds up. If he intended to pull a scam, he would not have had an LLC and he certainly would not have given out his address and posted his picture here and on youtube video. Anybody near him could find him.

Well as I pointed out earlier, using an LLC is the perfect way to pull off a legit-looking con of any length, because the LLC protects the owner--not the customer. In Virginia you're also not required to use a registered business address, provide insurance, any guarantees.. anything really. It's like a $50 fee and a half-page form you fill out and send in the mail. It's approval is almost guaranteed. Suits are limited, IIRC, to the company and its liquid property up to a limit. The owner isn't personally liable, and there's no guarantee you will recover anything, the burden is on you the customer. LLC's are good for some things, but beware them when they want money injections.

When I had, and was part of, some companies, we were legit fully incorporated, with a legal and financial team, fully insured. Our reputation was spoken of by former customers, clients and associates. This provides lots of confidence and surety for a client, and shows there is a clear and easy path of dispute or resolution.

Not saying he planned anything nefarious, but the capability is certainly there. If the information I dug up awhile back has any accuracy, he has 2 other failed businesses also using an address near the same one.

Never go into business with someone who flashes certs and talks big about their sister company, but who refuses to disclose the sister company's name/info or his business partner. Also, I never put any credit into a former military person who talks big about things like being a Navy Nuke. Most reputable military personnel with honorable discharges don't flash that around town. He also almost immediately stopped talking to me when he found out I was local. Huge red flag there.

These are several of the reasons I couldn't see staying in IPO with him. Too many red flags.

He was expecting a quick buck, he failed, he vanished, he's probably on a new account dealing with a different coin as we speak.

Could be.

[lovethisguy]

I hold nothing against micryon, pastet89 both guy did a great job with this coin. Good work guys... But Jaymes what could you say... I hope he paid the taxes on the ipo bitcoin he accepted if not here the tip line http://www.irs.gov/Individuals/How-Do-You-Report-Suspected-Tax-Fraud-Activity%3F  Other then that I do not think much can be done with Jaymes..

[illiki23]

Nothing adds up. If he intended to pull a scam, he would not have had an LLC and he certainly would not have given out his address and posted his picture here and on youtube video. Anybody near him could find him.

Well as I pointed out earlier, using an LLC is the perfect way to pull off a legit-looking con of any length, because the LLC protects the owner--not the customer. In Virginia you're also not required to use a registered business address, provide insurance, any guarantees.. anything really. It's like a $50 fee and a half-page form you fill out and send in the mail. It's approval is almost guaranteed. Suits are limited, IIRC, to the company and its liquid property up to a limit. The owner isn't personally liable, and there's no guarantee you will recover anything, the burden is on you the customer. LLC's are good for some things, but beware them when they want money injections.

When I had, and was part of, some companies, we were legit fully incorporated, with a legal and financial team, fully insured. Our reputation was spoken of by former customers, clients and associates. This provides lots of confidence and surety for a client, and shows there is a clear and easy path of dispute or resolution.

Not saying he planned anything nefarious, but the capability is certainly there. If the information I dug up awhile back has any accuracy, he has 2 other failed businesses also using an address near the same one.

Never go into business with someone who flashes certs and talks big about their sister company, but who refuses to disclose the sister company's name/info or his business partner. Also, I never put any credit into a former military person who talks big about things like being a Navy Nuke. Most reputable military personnel with honorable discharges don't flash that around town. He also almost immediately stopped talking to me when he found out I was local. Huge red flag there.

These are several of the reasons I couldn't see staying in IPO with him. Too many red flags.

He was expecting a quick buck, he failed, he vanished, he's probably on a new account dealing with a different coin as we speak.

Could be.

I looked it up,  owners of a LLC can be charged with theft and fraud and would be fully liable in these cases.

The page that is now taken down on the website claimed ALL IPO bitcoins would be used to purchase GPUs that would be sold on the store.

A large portion of the IPO funds are unaccounted for.

He is no longer shipping and has dissapearred.  Sounds like theft/fraud to me.

[illiki23]

It is not hard to ship out GPUs or reply to emails.  His disappearance makes it clear that either he was in an accident or killed or that he is intentionally running a scam.  There are not many other excuses for not shipping out the GPUs or replying to any form of communication.  He will not be able to argue that things were just a little rough and he mismanaged the business.  What he is doing is clearly intentional.

[vesperwillow]

I think the fraud side would be more pursuant to the situation. Hope you guys find a way to get things straight.

[busoni]

Is there a verified correct chain? It looks like the block explorer is not on the correct chain--is this the case? GPUC is still frozen on Poloniex, because I want make sure the wallet is on the correct chain before I resume it.

[Cryptock]

It's a shame that GPUCoin is dead..

[Jonesd]

★ Coin Revolution ★

The voting has started at the Coin Revival Foundation and GPU Coin is one of the nominated coins! Promote your coin and vote at:

VOTE HERE

[micryon]

Is there a verified correct chain? It looks like the block explorer is not on the correct chain--is this the case? GPUC is still frozen on Poloniex, because I want make sure the wallet is on the correct chain before I resume it.

The block explorer is not on the correct chain.  We need to take that down from the OP until it gets updated.  I'll work on a replacement block explorer this week.. but again, OP needs to get updated (and we can't unfortunately without jaymes)

This is correct chain as of this time:

{
    "blocks" : 72766,
    "currentblocksize" : 0,
    "currentblocktx" : 0,
    "difficulty" : 0.26987349,
    "errors" : "",
    "generate" : false,
    "genproclimit" : -1,
    "hashespersec" : 0,
    "networkhashps" : 18061752,
    "pooledtx" : 0,
    "testnet" : false
}

[hanoosh]

WTS 426523 GPUC , Offers ?

[micryon]

It's a shame that GPUCoin is dead..

Well the original idea is dead.. the coin is still alive though.. still 18m n-scrypt hashes on it, already on some exchanges , etc.

A community take over seems like it's viable.. but needs some serious work on the promotion/marketing side.  We still have technical sides covered between hendr1x and myself..

At this point we can count Jaymes out.  He probably wanted to honestly build a legit business at first, but as soon as it ran into trouble.. since this is just an internet forum, it's easy to just give up/walk away.. probably walked away with some IPO cash as well.  Definitely unfortunate for us bag holders.. but meh.. it happens.  

We need a promoter/marketer type to revitalize it... if someone is willing to step up to the plate, tech devs are still here..

[waldistons]

WTS 426523 GPUC , Offers ?

I'll buy for 0,00426523 BTC, assuming You are on right chain

[DougB62]

★ Coin Revolution ★

The voting has started at the Coin Revival Foundation and GPU Coin is one of the nominated coins! Promote your coin and vote at:

VOTE HERE

Voted

Voted 

[d4wn0ff473]

I don't think anyone should cut out and run just yet. I would at least wait until the scrypt asics hit before calling the coin dead in the water. I have said this before and I will say it again. The people who bought into the "IPO" should not be surprised at how any of this played out. They all complain like they are stock holders, but as i have said over and over again, you are not stock holders and you do not hold stake in a company. If you held stake in the company you would own shares in the LLC, cryptocurrencies are not shares. Also investments take time, and said investments take risk. Its always a gamble, if everyone who held btc at 5 bucks cut and run thinking it was dead none of us would be here now. Just to put it plainly as possible there is no such thing as a get rich quick solution to your own personal financial problems. Losing money is part of investing, and understanding that will make you a smarter investor because you will vet the situation properly before jumping headfirst into a shit storm. Which this obviously was from all the signs from the very beginning. Not including failed launches 1-6. I personally never trust a coin "IPO" because it is not an IPO. Companies have IPOs specifically to expand their capital to broaden their market for their proven product. Coins have no proven product until they are successfully publicly traded.

All that being said I'm still sitting on my coins until the asics come out and the gpu farms switch to scrypt-n, because there is a possibility of a revival in diff and hash power, increasing value. I also still believe in the concept of the coin and the value set forth behind it, but the execution has been so ill managed that it was not successful. All this requires is a competent person to take it over who can put the time into the "company" as a whole. The LLC would have to be re-registered though to strip jaymes from it, assuming he can be found it probably will not be a pretty process. Also the registered agent should be a CPA or Lawyer not a singular entity with no public registrant ties who can cut and run like this.

Just to add, I'm sorry you lost money on the "IPO" but the contract for the "IPO" was fulfilled when you received the coins. That was the nature of the agreement, hence the reason I have a huge distrust with coin "IPOs."

[malbee]

★ Coin Revolution ★

The voting has started at the Coin Revival Foundation and GPU Coin is one of the nominated coins! Promote your coin and vote at:

VOTE HERE

Voted!

[vesperwillow]

All that being said I'm still sitting on my coins until the asics come out and the gpu farms switch to scrypt-n, because there is a possibility of a revival in diff and hash power, increasing value. I also still believe

You mean when they hit bigger and more spread out than they are now? By the end of the year, scrypt-n asic will be the next best thing.

This coin, in its technical function, works well. It's working great right now. But nobody needs it because the business is dead.

[micryon]

All that being said I'm still sitting on my coins until the asics come out and the gpu farms switch to scrypt-n, because there is a possibility of a revival in diff and hash power, increasing value. I also still believe

You mean when they hit bigger and more spread out than they are now? By the end of the year, scrypt-n asic will be the next best thing.

This coin, in its technical function, works well. It's working great right now. But nobody needs it because the business is dead.

yeah, we're missing the business angle that was the original intention of this coin. 

But that isn't to say we can't think of a new business angle...