Bitcoin Forum

We're 34 BTC in so far. When will it end?

http://www.bitcoingem.com/index.php

End when the gem is too expensive, the good news is that only one person will lose his money (the last buyer).

Ohh man this looks fun :)

It's like the fiscal cliff; kick the can down the road for the next generation.

What a fkn Idiot. Anybody believes this is not right in the head. " You buy it it will (*magically*) increase in value".  I'd love to do buisiness with this cat i have some money that will increase in prijs next week by; 20% but YOU can buy this money of me at only a TEn % increase.  Cool eh.

Is this money called Bitcoin?

Is anybody yet selling shares so that a group can buy the gem? That's where the bitcoins are at. Call it BLOG (Bitcoin League to Obtain Gem).

How about Bitcoin Gem Consortium (BiG-Con)?

My naming was lame, suggested to garner a better choice of which you duly provided. That said, how much a share? I'M IN!

Who's paying for the five coin lister fee on btct.co :D

Do they accept gems?

This is not a PONZI scheme. This is a kind of PYRAMID scheme. There are too many people using the term ponzi scheme that don't really know what a ponzi scheme is.

At BF Gems, the engineers with 42 combined years training in said field are offering up the following:

http://www.malotreasure.com/images/MP05Rg_01.jpg

Nobody's bought it for an hour, is it dead?  :-X

At least the website clearly tells you how it works. Also: 65.09 BTC for this gem, wtf seriously?

.

I seriously doubt the gem's currently owned by Dotcom. Most likely a little publicity stunt on the website's part.  ::)

Probably someone who entered the name Kim Dotcom :)

Website owner here. None of my doing, but I too doubt that this is the real Kim Dotcom.

I'll ask him on Twitter.

Create a pass-through investment fund and divide the gem to pieces. ;)

It is worth 78.76 bitcoins (~ $1400) and currently owned by TF2Intel (http://www.tf2intel.com/).

It is worth 86.64 bitcoins (~ $1560) and currently owned by 1Pw6fDFxPesdrUq85o24tzVjxJtXn7pWR7 (http://blockchain.info/address/1Pw6fDFxPesdrUq85o24tzVjxJtXn7pWR7).

Thanks for that fast return :3

authentic?

Kim Dotcom bought at 65.09 btc, sold at 68.345 btc and made 3.255 btc profit

104.83btc

I WANNA THIS FUCKING GEM!!!!! ;D

Site owner's making a nice profit.

Why the hell would someone pay Bitcoins for that? There isn't even a photo of the real thing lol :P you guys have too much money to piss away.

I also just looked at this properly and realised what it was, wtf? LOL :p

It takes a few brain cells to realize tha the gem is in demand, and you are going to make a few coins in 6 confirms.

Is a really nice scheme, you win all time, and at the end you win much more.

Now makes great marketing content: Owe a gem that Kim Dotcom once owned.

To quote Bruce Wagner, "Up! Up! Up!"


Would make an interesting bet at http://betsofbitco.in/: At what price do you think the "Gem" will no longer sell? (aware that that's not how it work, but can be worded some other way).

There are too many people using the term pyramid scheme that don't understand what it is either.  You don't get a portion of anything each time the gem is sold.

This is a ponzi scheme, since it is using new money to pay old debts.

WOW! Somebody paid big real money to get their message out.

I'm selling the site (not the gem): https://bitcointalk.org/index.php?topic=139529.0

Why would someone buy the site? If the value of the gem was artificially created by you at its genesis, why wouldn't they just create their own version of the site and assign their own value to a gem?

I find this extremely funny!

Bitcoin gem developer has just ran away with 225BTC:

Butterfly Labs sucks balls bought at 115.31 btc and is about to make 5.765 btc profit

Butterfly Labs ASIC Miners bought at 104.83 btc and is about to make 5.24 btc profit

I guess that's karma  :D

I'm not positive he's out to scam...

He's taken down the ability to purchase the gem while he waits for a buyer.  If his aim was to scam as much as possible, he would have let people continue to buy the gem.

Actually, no, the price has already reached absurdity levels and maxmint is now 50 BTC richer. It can't go on for much longer, so the logical thing is to look for a fool to hand him another 300 BTC (looking at reddit there's no shortage of "bright people" believing this thing to go on forever). Now if he left the option to buy the gem open, people would see that no one's buying it at that price, lowering the chances of finding said fool.

Maybe he had bad conscience and didn't want to go further?

Also tho, when somebody buys, the amount is sent to the previous buyer. So the site owner would only keep the profit, which was intended and I'm pretty sure everyone was aware of that. Anyway, site is 404 now, seems like Butterfly Labs sucks balls will be the last fool unless it's put back.

I see it's back up: http://www.bitcoingem.com/index.php

but it's only 0.9 BTC? wtf...

lol, bitcoin talk is basically a big scam built around the best idea of modern civilization!

I love the contrast!

LOL, we kno who invented Bitcoin, but e don't know who invented bitcointalk.org

actually no... lol, ok, I c what u did there... or not!

Surely no one actually "paid" for this lunacy. Were txids posted?

Actually we do: https://bitcointalk.org/index.php?action=profile;u=3