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Its pretty idiotic to admit to running an illegal ponzi scheme.
Who says it's Illegal? |
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https://bitcointalk.org/index.php?topic=110152.0<@pirateat40> Hello * pirateat40 sets mode: +m <@pirateat40> Q: What's going on? A: In short, one of my largest clients decided they would make things difficult for me. In the heat of the moment I made a move to secure the USD backing the coins when they were not returned and has made things much more difficult. <@pirateat40> Q: Where have you been? A: I realize not having information is annoying and somewhat concerning. I’ve stopped responding publicly until hard information was available due to some legal concerns that developed. Once the attorneys (both mine and my clients) got involved, everything slowed down while everything was sorted out. <@pirateat40> Q: When will we get our coins? A: As of today the earliest estimated time that coins can begin moving is Friday, Oct 12th. I can only keep you updated on this date as I have more information. <@pirateat40> Q: Why did you require PPT operators to submit their account holders information? A: There’re a few reasons for doing this. The largest of which was to remove the PPT operators from the added risk of their users claiming they were not paid once the main account was paid. The other reasons can not be disclosed. <@pirateat40> Q: What is going to happen with bond issuers? A: Since bonds can be traded and have taken a large hit due to the closure of BTCST, I’ll be working with the bond issuers to find a solution that best suits their investors. <@pirateat40> Also... <@pirateat40> Those looking to file a suit against me or BTCST will not be eligible for repayment. <@pirateat40> GPUMAX has never been associated with BTCST nor have any of it’s partners. GPUMAX shared a wallet with one of the BTCST operating wallets for security and is now running it’s own secured wallet which is no longer associated with BTCST. <@pirateat40> Threats are taken seriously by myself and my attorney. A few of you will find out how serious I mean. <@pirateat40> That’s all for now, I’ll be providing updates here when more information is available. Thanks * pirateat40 sets mode: -m <@pirateat40> http://pastebin.com/e3gGFC37What does this mean for Bitcoinmax?
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Awesome, go Finland! Has always been on my list of places to go when I get to that side of the world.
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Yeah I'm keen, bookmarked.
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With a big enough lever, could you really move the world?
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Interesting idea, since GLBSE is a no go, what is next for smaller investors? What kind of returns are you targeting? How do you seek to achieve this? Need numbers, dates, timelines for many in the bitcoin community to consider it for large investments. I don;t see what you've got to loose by being transparent with your business plan- and such an effort would give alot of credibility to the cause.
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 Taking offers, if not reasonable I will hold onto it. Looking for 350BTC. Payment / details using a reputable escrow most likely. |
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ASIC might be coming, my feeling is they haven't had enough dev time to be testing yet BUT fpga deliveries continue, I have heard many reports from people with recent minrig deliveries at 40Ghash per mini rig its only 25 minirigs per 1Thash fpga singles from bfl and other fpgas from other manufacturers continue to be delivered. I still have people joining my pool and starting to mine on their gaming cards and cpus(!) people are still buying 7970s and other gpus and putting them to mining, and of course once BTC price rises it makes it viable for some marginal miners to switch rigs back on, remember it was only a few weeks ago $5 was the BTC price. Of course difficulty will rise  It's 52g/h per minirig for everyone who preordered the old ones, people late to the show could also buy one @ 25gh. A large spike in mining like that is not a few people taking delivery of some 250mh FPGA's. BFL doesnt ship out anything quick enough for a bunch of people to get them all at the same time and turn it on anyway. |
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I'm not a US citizen or resident but I'll donate a few BTC- hope this widens bitcoins exposure.
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Has anyone run this on Minirigs, or is that even an option at this stage? The website states Easy miner is compatible with Minirigs but does not list any faster firmwares available for them.
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I have been looking for something like this, hoping it goes live!
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I looked into this initially merely because it was an argument used against pushing for a return to the gold standard as a currency many years ago because "The US doesn't produce gold as quickly as other countries so going back to the gold standard would be worse than staying with the dollar."
As DAT pointed out, the balance of payments will push capital flows toward essentially the same distribution as exists now. There is an excellent, albeit lengthy explanation by FOFOA entitled It's the Flow, Stupid, and it's follow-up Flow Addendum. What it boils down to is that gold can act as a store of value and a medium of exchange or a metric of value - but not all three in perpetuity. Fiat can function as a medium of exchange and a metric of value, but not a lasting store of value. No form of money has ever been able to act as all three at once. The limiting factor for gold is its physical manifestation. This is explained best by the Triffin dilemma. Bitcoin, by being entirely abstract yet functioning almost exactly as gold does, is capable of satisfying that issue entirely because it is infinitely divisible (in theory) - in other words, Bitcoin can act in all three capacities simultaneously. The Triffin dilemma would be solved, and a unified currency finally possible. Going further than this, even if gold were to continue as a reliable store of value, there is the possibility of massive price shocks looms within our foreseeable future. Bitcoin's hard limit of 21mm units virtually eliminates that kind of structural supply shock. +1. Not to mention Fort Knox hasnt been fully Audited since the 50's, who knows how much gold the US actually has, or that everyone else reports it correctly. Rumours abound that 250tons passed through Hong Kong to mainland China in 2011 and has not been declared by their central bank....Gold reserves are nothing to go by. |
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Why is nobody addressing the questions in this thread? We don't really care that you all sat round a table and played craps. This is not important. The purpose of this thread, and probably some of the members who attended this conference was to determine the nature of what pirate runs and if what he does is secure for the long term. Can you answer this?
If you cannot answer these questions or after talking to him still don't know the answer then say so. It's not hard.
If they tell you then everyone will begin doing it Well if 'they' 'know' then whats to stop the from doing it aswell? If they know, and can't/don't want to tell us then say so. Ambiguous comments will just fuel further speculation and accusations. |
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Why is nobody addressing the questions in this thread? We don't really care that you all sat round a table and played craps. This is not important. The purpose of this thread, and probably some of the members who attended this conference was to determine the nature of what pirate runs and if what he does is secure for the long term. Can you answer this?
If you cannot answer these questions or after talking to him still don't know the answer then say so. It's not hard.
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Has anyone tried Autotune on a Minirig? The OP states that it can be used with them however I don't see downloads available for different minirig firmwares.
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Arbitrage depends on how quickly you can move funds around and what avenues you have to move them. Moving between exchanges that support MTGox codes help, as do other forums of payment like Paxum and OKpay but these services incur a charge. Having many accounts in many places helps alot . |
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FPGA Singles will be useful until the ASIC's hit later this year.
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Coinabul.com seems to be the most popular bullion vendor for BTC.
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The Rigbox is not a straight duplication of the Singles board, Sonny has mentioned this. Nobody quite knows what's in there yet.
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