This man does not understand how capital, cash flow and reserves work.  PUT HIM IN CHARGE OF A CASINO.

I for one love to play at casinos where winning a hand of blackjack gets me a post-it with IOU $15 scribbled on it.

You've got it all wrong, you see

OH GOD DAMN IT I THOUGHT HE MEAN ST. LOUIS

:VOMIT EMOTICON:

Part III:  What Do I Do With This Bag I've Been Left Holding?

NAME OF CASINO GOES HERE

You better hope none of the roulette machines win on the first day.  THE MONEY YOU PUT IN THE MACHINE WAS A GIFT.

*begs for people to go to his camwhore site in every thread vaguely mentioning women, cameras or boobs*

Welp, there's the sleaziness every bitcoin operation has to have.  Most miners have 50-75% of their revenue eaten up by their power bills, but you've managed to negate this problem by spreading the cost to others without their consent.  I'm sure the other businesses in your building(s) would love to know you're running a dozen computers at full power drain 24 hours a day.

Have you projected how long it will take you to get solvent? (remember, revenue =/= profit, common bitcoin mistake) How will you handle the price of bitcoins going down, and the difficulty going up?

Oh boy.  Silver is down 13% today, and 24% for the month.  UP UP UP!

So you've sold all your actual silver in order to buy shares of a silver ETF on the NYSE and the cash difference is going to a 'dividend' to pay investors?

So you've reduced your capital holdings in order to pay investors, and still haven't turned a profit?

Please explain... this.

How exactly did you liquidate estimated value in order to create a dividend, which you then have listed in your cash on hand AND cost rows.  Did you know Enron did something similar?

How do you even have an estimated value of almost $11,000 when your total holdings are $321.50 on 9/23?  Is there an unrealized gain you're not accounting for?  Or is it 321 ounces of silver?

I'm guessing you sold your silver holdings, but there's no increase in cash on hand.  Unless selling the 321 oz of silver gained $7781.  But then there's no accounting for that $3000, unless silver lost ~30% of its value overnight.

You know that 4% is considered a high yielding stock dividend?  What are you basing 12,000% on?  One day of market activity?

Do you actually know how accounting works?

But you see folks, drug dealers are a good thing!  There are no negative effects on the community!  Everyone involved is making money, it's a zero-risk business!

Bitcoin.  Bitcoin never changes.

why don't we look at the scheme in your sig? 

Hmmm, one guy wins, 9 lose.

So you get paid, the winner gets paid, and 9 others lose money.  90% of the players lose in this scenario, and yet you think it's a good thing, because the guy who started it gets the rake.  So not everyone has a risk-free source of income here.

Ponzi schemes ARE fraudulent, hence why they are illegal.  What is so difficult about this concept?  No, no, you see MY ponzi scheme is different, I promise.

No one with a functioning brain stem would willingly buy into a ponzi scheme or a pyramid scheme.  But then again, this is bitcoin.

You really don't think it's bad for 'the community' that the majority of bitcoin businesses are people enriching themselves by taking advantage of others?  It's the object of the 'game,' to take the jackpot from the other players.  Take from many to enrich the few.  Do you know why most communities DON'T want casinos built nearby?

And jesus, the name.  Hey, sign up for BITCOIN PONZI SCHEME!  WE TELL YOU ITS A PONZI SCHEME, SO YOU KNOW THAT ITS LEGIT!  Do you realize why "Ponzi Scheme" has a negative connotation?

My offer still stands.  (Note:  I don't actually have the free biscuit coupon, but I'm going to flip shit and try to shift the blame to anyone that tries to claim it)

Actually, Freddie is an SA goon.  So please, give him as many pretend internet moneys as you can.

Wait, wasn't bruce wagner a big proponent of mybitcoin?  and then mybitcoin mysteriously disappeared with everyone's money?  kind of like a ponzi scheme?

It's a pyramid scheme that calls itself a ponzi scheme, actually.


taking advantage of others to make money, a true bitcoin business.

Ok, makes sense so far.


Welp, found a problem.

That's not fair.  Bitcoin is probably as risky as Greek government bonds, or maybe a Zimbabwean FOREX.


Normal stocks don't fluctuate between $20 and one cent (bitcoin does).  Everything in this post is wrong.


With the possible exception of penny stocks, which are the stock market equivalent of roulette, Stocks generally tend to be stable.  Why?  Because they have things like the SEC, which makes sure that companies are reporting their earnings properly, aren't running off with shareholder's money *ahem*mybitcoin*ahem* or things of that nature.

Bitcoin dropped 20% in one day because pictures of Bill Cosby showed up on this forum, while 'normally' the price fluctuates by %30 every day.  Magic: The Gathering Online Exchange was hacked and bitcoin crashed to one cent, all they did was call a do-over and reset everything the next day.