Topic: STSH: November 2015 update (Read 36406 times)

satoshi · « **Reply #160 on:** March 05, 2015, 06:50:37 am »

My apologies for delay in March dividend. Call me a fool, but I am still not giving up on for ltcgear.

But just wanted to emphasise the point that I have my personal commitment to STSH, if everything fails, I still plan to pay the dividends earned till June 2015, there might be delays but I will fulfil this commitment even if I have to do it from my own pocket.

Hopefully the ltcgear situation becomes clear in next couple of weeks and I can proceed with my payment plans.

j.jaymes · « **Reply #161 on:** March 05, 2015, 03:38:00 pm »

LTCgears seems clear. Many more months of maintenance nneded for some days.

Server under maintenance (ETA March 4/5 - server in maintenance week - some accounts got 48 hours payment lock reset).

cryptard · « **Reply #162 on:** March 05, 2015, 03:41:58 pm »

Quote from: satoshi on March 05, 2015, 06:50:37 am

Call me a fool, but I am still not giving up on for ltcgear.

great to see that type of religious faith in the face on all the facts that prove otherwise. u dont have to give up on ltcgear. it gave up on u.

Sebastien256 · « **Reply #163 on:** March 05, 2015, 05:46:45 pm »

Quote from: satoshi on March 05, 2015, 06:50:37 am

My apologies for delay in March dividend. Call me a fool, but I am still not giving up on for ltcgear.

But just wanted to emphasise the point that I have my personal commitment to STSH, if everything fails, I still plan to pay the dividends earned till June 2015, there might be delays but I will fulfil this commitment even if I have to do it from my own pocket.

Hopefully the ltcgear situation becomes clear in next couple of weeks and I can proceed with my payment plans.

Hi Satoshi,

The sound of this message is not very encouraging $:-\$ . Are talking about terminate the asset in June 2015?

Right now, STSH buy orderbook is almost empty. I know lctgear was given extensive income to STSH, but do the success of STSH depended solely on ltcgear success?

I hope you will give us soon more informations about what is the plan for STSH. In the past, you always has managed this asset with a lot of transparency.

Overall, I can understand delay because of BTER, but delay because of ltcgear should not be the case. STSH is not only a mining asset, from my understanding.

In my opinion, you can forget about about ltcgear, it seem clear to me that they do not plan to pay what they owed.

Seb

whatnxt · « **Reply #164 on:** March 05, 2015, 11:02:17 pm »

I think it best to ignore LTCgear for the present regardless how individuals feel about it.

It would be better to look at what can be done with STSH without LTCgear.

This may be a set back in the plans for STSH, however, there is no reason for it to be the end.

satoshi · « **Reply #165 on:** March 06, 2015, 04:50:44 am »

Although I am still 50/50 on ltcgear, I am much more worried about the bigger picture.

I am seeing millions of BTC related funds gone missing through different exchanges with no repercussions.

There is a consistent bear market over the last couple of months. (not good for trading )
NXT AE is also feeling these affects.
There is some life in BTC around $270 per BTC, in lower to mid 200s range BTC mining wasn't much profitable for anyone. (not good for mining)

I understand the troubles with ltcgear but there are other subtle difficulties in crypto world that I can't put my finger on.
Thats why I am not launching any new ventures and staying in observe and hold position, which is affecting the payouts currently.

In worst case scenario, I want to honour my word.

I am not running away, just trying to manage an unstable situation with the best of my abilities.

With long term perspective, I am still optimistic about the benefits of BTC and crypto technology, but when it will turn around I am not sure.

-Satoshi

cryptard · « **Reply #166 on:** March 06, 2015, 06:30:11 pm »

ur still 50/50 on ltcgear? u really think chris has been working on fixing a database for 4 months? mebbe he should outsource it already!

Sebastien256 · « **Reply #167 on:** April 01, 2015, 01:28:54 pm »

So, it is now April and Bter is back. Satoshi, what is you plan on STSH? It look like it is abandonned. I hope you have so plan to get this asset back on track.

satoshi · « **Reply #168 on:** April 01, 2015, 01:51:52 pm »

STSH is not abandoned, as I mentioned previously this one has my personal guarantee by default, I will pay stated dividends till June 30, 2015.

Currently 10 NXT per STSH asset is due including April 2015 dividends.

Overall crypto asstes market is still very bearish, so I am just holding tight. Not planing any new assets soon.

There will be some payment coming from STSH towards the end of April 2015, stay tuned.

mrcryptouser · « **Reply #169 on:** April 08, 2015, 01:19:53 am »

thanks for updates

satoshi · « **Reply #170 on:** April 26, 2015, 06:27:55 am »

I have to be realistic and move to plan B, which means I have to come with a new plan to fulfil my obligation. Including June 2015 dividends I still owe 18 NXT per STSH asset.

With current low NXT prices, this objective should be achievable within next 90 days.

I am analysing some options right now, I will update with the date of first payment soon, rough eta mid may 2015.

Terminator · « **Reply #171 on:** April 26, 2015, 09:52:11 am »

Edit: just saw your reply. Thanks.

Sebastien256 · « **Reply #172 on:** May 31, 2015, 07:01:32 pm »

Quote from: satoshi on April 26, 2015, 06:27:55 am

I have to be realistic and move to plan B, which means I have to come with a new plan to fulfil my obligation. Including June 2015 dividends I still owe 18 NXT per STSH asset.

With current low NXT prices, this objective should be achievable within next 90 days.

I am analysing some options right now, I will update with the date of first payment soon, rough eta mid may 2015.

Hi satoshi,

Hope you are doing well. If possible, could you give us an update? I hope STSH will thrive again in the future.

Cheers.

satoshi · « **Reply #173 on:** June 01, 2015, 01:47:11 pm »

The ltcgear saga still continues, in one of my accounts it states that I have to pay 50 BTC annual maintenance fees, I am owed about 60 BTC plus remaining 2015 payouts. I am not paying, nor do I have 50 BTC but the ltcgear saga still continues. On litecoin forum there are some people who have paid this fees but haven't received any payments yet.

I will give next update in couple of weeks or earlier if there is any significant update from ltcgear, if there is ltcgear payout there will be fast lump sum payment. otherwise slow biweekly payments.

My total personal obligation for STSH is approximately 180,000 NXT. I will give detailed payment plans by the end of June. Which is, ironically, one year anniversary for STSH.

Sebastien256 · « **Reply #174 on:** July 02, 2015, 05:53:08 am »

Hi satoshi,

What is your plan for STSH? I happy you stayed around, but would be nice to move forward from ltcgear.

Thanks

satoshi · « **Reply #175 on:** July 03, 2015, 06:35:55 am »

Hi Seb,

Thanks for nudge.

I am still working on my redemption plans for STSH and I plan to honour my commitment.

Interestingly ltcgear had gotten quite active over the last few weeks but no concrete words yet. Any recovery from ltcgear will make my job much easier and faster recovery for asset holders.

My extreme apologies for lingering on with this closure. But now I am asking for last extension till end of August to resolve the issue. You guys stuck with me so long, please hold on for a few more weeks, I still believe something good will come out of this.

Thanks

DrearyUrbanite · « **Reply #176 on:** July 03, 2015, 10:31:18 am »

Thanks for the update.

bgcaffe · « **Reply #177 on:** July 03, 2015, 04:00:53 pm »

Hi,

You need to spread your risk in future, mining assets and many crypto based ventures that promise large returns mostly fail as they are not sustainable or just scams.

Quote from: satoshi on July 03, 2015, 06:35:55 am

Hi Seb,

Thanks for nudge.

I am still working on my redemption plans for STSH and I plan to honour my commitment.

Interestingly ltcgear had gotten quite active over the last few weeks but no concrete words yet. Any recovery from ltcgear will make my job much easier and faster recovery for asset holders.

My extreme apologies for lingering on with this closure. But now I am asking for last extension till end of August to resolve the issue. You guys stuck with me so long, please hold on for a few more weeks, I still believe something good will come out of this.

Thanks

satoshi · « **Reply #178 on:** July 03, 2015, 04:43:49 pm »

Very true.

I started out with risks spread out but eventually got sucked into the hype which wasn't sustainable.

After this public humiliation and heavy losses, I plan to adopt a more humble and practical approach.

Bgcaffe is a good example to follow.

Quote from: bgcaffe on July 03, 2015, 04:00:53 pm

Hi,

You need to spread your risk in future, mining assets and many crypto based ventures that promise large returns mostly fail as they are not sustainable or just scams.

Quote from: satoshi on July 03, 2015, 06:35:55 am
Hi Seb,

Thanks for nudge.

I am still working on my redemption plans for STSH and I plan to honour my commitment.

Interestingly ltcgear had gotten quite active over the last few weeks but no concrete words yet. Any recovery from ltcgear will make my job much easier and faster recovery for asset holders.

My extreme apologies for lingering on with this closure. But now I am asking for last extension till end of August to resolve the issue. You guys stuck with me so long, please hold on for a few more weeks, I still believe something good will come out of this.

Thanks

bgcaffe · « **Reply #179 on:** July 04, 2015, 09:00:35 pm »

Thanks Satoshi,

We do our best to ensure stability, our returns are reasonable and we hope by the end of the year to have a big announcement to the community regarding our asset.

Quote from: satoshi on July 03, 2015, 04:43:49 pm

Very true.

I started out with risks spread out but eventually got sucked into the hype which wasn't sustainable.

After this public humiliation and heavy losses, I plan to adopt a more humble and practical approach.

Bgcaffe is a good example to follow.

Quote from: bgcaffe on July 03, 2015, 04:00:53 pm
Hi,

You need to spread your risk in future, mining assets and many crypto based ventures that promise large returns mostly fail as they are not sustainable or just scams.

Quote from: satoshi on July 03, 2015, 06:35:55 am
Hi Seb,

Thanks for nudge.

I am still working on my redemption plans for STSH and I plan to honour my commitment.

Interestingly ltcgear had gotten quite active over the last few weeks but no concrete words yet. Any recovery from ltcgear will make my job much easier and faster recovery for asset holders.

My extreme apologies for lingering on with this closure. But now I am asking for last extension till end of August to resolve the issue. You guys stuck with me so long, please hold on for a few more weeks, I still believe something good will come out of this.

Thanks

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Author Topic: STSH: November 2015 update (Read 36406 times)