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Maybe OP can do a poll like this :
Do you think they should be given scammer tags ?
YES
No
I don't know
Or something like that ...
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I have a 1.7Kw offgrid solar power setup, where I am its a remote mining town in lightning ridge Australia.
I run 4x icarus and a 5850 from my array.
Its not a cheap option, but it works, the array cost about 6-7K but I needed it for power in the first place, so now I just 'sell' my excess power through bitcoin mining.
You couldnt run a GPU farm economically but fpgas work fine. I get 1.5GH/sec @ 100w from the fpgas and 350MH/sec @ 100w from the GPU.
I also have wireless internet, so im not connected to any form of power or land line internet.
kind regards
Wireless as in HSDPA or as in 802.11 ? How is that working out for you ? Much downtime ? Traffic limits / usage ? Packetloss ? |
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Okay, I've thrown a very basic website together, basically just a place to explain what we do and to list known scammers, accept donations and with a contact page. Anyone other than Maged interested in participating?
Can scammers like me join too ? You know the saying "it takes one to know one"  |
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Labelling someone without proof based on a "feeling" is not how to operate. If you label him I hope he sues the owner of the forum for defamation of character which is dangerously close to what you are suggesting.
Innocent untill proven guilty is how civilised people operate.
In other news if my scammer tag is not removed within 24 hours I am suing bitcointalk.org Inc. for damaged amounting to $ 100 000 for preventing me selling my GPUs now ASIC are coming. Harassment too ! Joking ... |
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Too bad this "dood" never managed to Dox me ...  Claims I am not important enough but can't do it because I don't use iCrapTunes service ... |
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Funny how you have long nails ( like a woman ) but I am the woman as you posted in another thread ...
PS : I am not a woman in any sense of the word "dood". BCX maybe but not I.
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This teaches us one thing : when you have problems with BFL come here and call them scammers if you want to get it sorted out ASAP.
They will still sort you out even if you stop trolling and be patient as they have many emails to answer to ... no need to call them scammers and raise a storm here !
Patience : it's a virtue !
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I think it's just white-knighting, alas someone is trying to force market volatility down. Simplest manipulation of them all: 1. Mr. m4NiPul4t0R! (lets call him Manni) puts up the ASK wall --> prices go down 2. People sell their cheap bitcoin into his BID wall some cents further down 3.  4. Profit But he's sharing more than half of the profits with mtgox. But those are so close together I don't even think it is worth it (haven't done the numbers though). May be 2 genuinely different people but who knows. Unless the manipulator IS MtGox...  Exactly. Insider trading on these exchanges is so damn frequent I am amazed. Today somebody on BTC-E exchange put up a 11 million LTC buy wall at made of 45K BTC. Just imagine that. 45K BTC on a russian exchange that is not worth that much anyway. "support" was there all along while the sheep were fleeced and the manipulator played around. Maybe false accusation but for me it was 100% insider trading. |
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... surely a legitimate business should be able to survive a single client leaving, right?
Now, hypothetically speaking let's for just a second, lol, assume that here is indeed a ponzi scheme, and this ponzi scheme has announced that soon it will significantly lower "the interest" at some given date. This hypothetical ponzi scheme has also made some announcement that it's principal who remained anonymous for long time will magically appear at some meetup (with "private security") just a few days before the interest cut-off date and reveal to the world his identity. The question is: Why our hypothetical ponzi scheme would make such moves? The only plausible answer I can see is that this is an attempt to create an incentive for investors to postpone the decision on withdrawing "the investments" until the cut-off date and play on healthy curiosity of most of the hopium smoking victims. Thus this is creating a window of maximum opportunity for said hypothetical ponzi master to have all the money suddenly "evaporated" right before expected miracle of ceasing being anonymous and actually instead of it. Now, for another second let's equally hypothetically speaking assume that this is indeed not a ponzi but some miracle worker with some troubles rising low cost capital. Why would such a legitimate gentleman all of the sudden decide to go public on some second tier meet up? Right before dramatical change of "interest" date and after ignoring persistent calls to come clean for very long time, no less. Why not just have a website and post registration details of a relevant company? Curiosier and curiosier. Ive noted this before, him making himself visible in public in vegas would be his worst move if he does intend to run off with the funds. I said this before but I will say it again, he will NOT be able to vanish completely before some people will catch up to him out of principal due to organized crime that took place against these investors. To summarise, No ponzi scheme have ever gone out in public before running off with peoples money however they either got caught as the house started to crumble and people not receiving steady flow of interest anymore or they got caught later on by people tracking them down since they never made their real identity public. These 2 scenarios is why I cant believe this is a scam to run off with peoples money, it makes no sense and he will be brutally fked up if he even decides to do that. As Vladimir said already : FAIL. Look at shakaru and how that turned out. Lots of people knew him, went to his house, he stole $20K. What happened afterwards ? NOTHING. Nobody can do anything against BTC thieves. I dare you to do anything to shakaru or pirateat40 ( if he turns out to be a scam - which I doubt at this point ). If he does turn out to be a scam, all I want from him is a personal autograph for my collection. He truly will be the biggest BTC scammer EVER. Respect, matey ! |
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So, did he rip off the lenders or pay them back? What's going on with this guy? I'm very curious.
Last Active: June 24, 2012, 12:23:01 AM There you go ... |
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Now if only I could a referral...
You won't need one soon! The referral process ends with the new accounts in August? I don't see that change anywhere Same here. I asked a while back if you need an invite with these new changes and never got any response ... Can anyone deposit on the "starter" 100 BTC plan from 1 August ? |
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woof woof!
Nice to see YOU again here Mr. Dog. Someone throw him a bone, please ! |
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cytokine:
you premise is "Pirate wants to buy huge amount of Bitcoin and he does it by selling/shorting it". Is it correct summary of your long post?
See this:
Borrowing BTC denominated assets = expecting Bitcoin to go down in relation to some base asset, for example, USD or gold (assuming that profit is the objective here).
Now please explain how come one can accumulate large amount of some asset by shorting it?
Next!
I used to have some respect for you... You should try to calm down a reread what he posted.  Hey, stop borrowing my lines  |
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If pirate ends up running not a Ponzi but instead does what he says: selling BTC at high premium, Bitcoin could be taken for a nice ride within next few years.
All Ponzi speculation aside, we know this theory has a merit and high probability it may be one. Are there any other plausible explanations to pirate's operation with such great returns?
At first I couldn't imagine who would want to buy bitcoins at high premium and why. do you know?! Besides drug cartels, money laundry and some three letter agency questionable special covert ops funding?
What if there are smart and wealthy individuals who realized great potential of Bitcoin and decided to get in. Their target may be significant amount of bitcoins without driving exchange rate through the roof and they are ready to invest several million dollars. Although they could have gone through exchanges and probably buy bitcoins even at $10-20/BTC wouldn't it make sense to setup bitcoin lending operation and purchase at 10-15% premium all sub $10 bitcoins - given that they don't want to spend significant amounts of time on exchanges to acquire bitcoins at slow steady pace. They want to sign a check each week and get their bitcoins. Here comes the pirate and ready to sell at 10-15% premium. Pirate alone or conspiring with these individuals to keep bitcoin rate as sane prices (sub $10/BTC for instance) throughout their acquisition period. Bitcoin prices at $4-7 seem fair and pretty stable. Sub $4-3 prices - and everyone wants in so the rate isn't stable; over $8 and there is a risk of another bitcoin hype and explosion which could potentially get out of their control.
Once these individuals hit their target and complete acquisition they will start telling about Bitcoin to all their other wealthy buddies or simply start a new hype, or they don't even have to do anything if they have managed to acquire all available sub $10 bitcoins and the price will naturally start to rise (through the roof) to mid double or maybe even up to triple digits.
$5-6/BTC + 10-15% better than over $10 BTC when purchasing, is it not?
Could this possibly work while providing great interest rates to lenders at the same time manipulating exchanges with great psychological walls to keep bitcoin prices as low rates for time being? Or it doesn't make any sense? What do you guys think?
Oh boy!!! Someone is stepping close to treasure. ATTACK!!!!! It just does not make sense mate. Why did you lock the thread ? Feeling the pressure building up ? Can't hold off the accusations ? Why not talk to BitPay which holds 50K from BFL sales nobody wants ? Or come to an early adopter like me and we can work something out. I don't buy it, sorry. Also, no more storage updates is weird. |
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I know no one has brought this up or even thought of it, but would I be too bold to say? PONZi!!!! lulz
Love how you are all getting your panties up in a bunch. Also, BurtW in the other thread with the same behaviour : shouting ponzi,ponzi,ponzi,ponzi,ponzi etc. Game is over soon for the pirate ... Funny because I thought you were one of the most trustful guys on this forum, goat ! |
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I am just wondering after the folding what will happen with the multiple of people promoting the scheme and their reputations ...
Nothing although I plan to singlehandedly change that in the future with a service I have plans to develop. Good to hear. The bitcoin-otc system is a total joke dominated by these same "people" and their sockies. Filled with false ratings and total admiration of each other between these "high profile" guys. |
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I am just wondering after the folding what will happen with the multiple of people promoting the scheme and their reputations ...
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Just curious,
For those telling Hazek to STFU, are you doing so because you also think it's a ponzi and simply want more people to jump in and pump up the pyramid so your fun won't end? In other words, are you perceiving Hazek to be a threat to the ponzi?
For the record, I have a small amount invested in a pass-through and to that extent hopes it continues as well.
Captain obivous award for you ! No ponzi here dood ... wake up. |
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Bold move considering people will learn how you look and who you really are. It's almost as if this was a stunt to inspire confidence.
It's already known who he is. Has been for months. Search "Trendon Shavers" on these forums. Geez. Facebook is the Bible and there is nothing else ! I would absolutely love ( no homo ) to see pirate too if only somebody paid for my ticket as well. |
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