You posted information of someone, there is no way to know if it is yours or if you stole someone else's identity from public available information. A reply from your mother would go a long way proving you are who you say you are. But dont worry, the authorities will sort it out. I filed a complaint with the SEC. Admittedly it will take time for them to do anything, but the outcome is not in question. Among countless other violations, you are selling unregistered securities, and that fact alone could potentially land you in jail. Here is an interesting read for you: http://www.nj.gov/oag/ca/press/dangelo.htmAn extract: D’Angelo offered investments in the CMR “Capital Enhancement Program,” promising a guaranteed rate of return of 5 percent interest per month and return of the investor’s principal after 12 months. Investors were told their money was absolutely safe because it was held in “non-depletion funds” or “non-accessible” bank accounts. Investors were given conflicting stories about how profits were generated, including foreign currency trading, unspecified activity in Switzerland, U.S. government money manipulation, and trading in large blocks of bank notes.
In reality, D’Angelo commingled investor funds, using funds from new investors to pay old investors in the typical fashion of a Ponzi scheme
Sounds familiar? Michael D’Angelo, 48, of Millstone Township, was sentenced on Friday, Nov. 6, to three years in state prison by Superior Court Judge Francis P. DeStefano in Monmouth County. [..] D’Angelo must pay a total of $670,177 in restitution, penalties and disgorged funds. If you are who you claim you are, you are in deep shit. If anyone else feels like filing: https://denebleo.sec.gov/TCRExternal/questionaire.xhtmlYou can do so anonymously with the SEC if you want. You can also file with the New jersey bureau of securities here: http://www.njsecurities.gov/compform.htm |
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So you deposited 0.22 BTC ? And you spend countless hours and spread numerous lies hoping to lure in other victims of this scam, just so you can make a few satoshi's? ROFL! You're pathetic. And a moron, you can probably kiss those crumbs goodbye, as its unlikely this ponzi will still be around when your shares expire. Your odds of making a profit are far better on any bitcoin gambling site.
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BTW, I have not yet heard back from jpaccounts.com, so as far as Im concerned the ID of the perpetrator has not yet been confirmed.
Phantomtrader claimed someone called his house, if so, could we have some feedback of that from whoever did it? I dont want everyone to spam/call this family as for all I know, they may even not be involved at all.
If you do call or visit the address, please keep it polite, just verify the identity of the operator and inform his family of the ongoing scam. If phantomtrader is who he claims to be, it shouldnt be hard for his mother to understand the consequences of operating a ponzi or selling unregistered securities
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Even so, they can be sued personally for losses.
You are lying. You cannot sue anyone personally for losses incurred in a LLC. That's what the LIMITED LIABILITY means. No thats not what it means. If it meant what you seem to think it means, it would be called "no liability". Among other things, fraud is a reason for piercing the corporate veil and holding the people personally responsible. |
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It's not a security, please look back through this thread as Phantom (dan pace) has covered this issue already.
NO he hasnt, and he cant. This bullshit about BTC not being regulated has already been shot down in court so many times, I posted the verdict several times and what it says applies 100% to this scam: First, the Court must determine whether the BTCST
investments constitute an investment of money. It is clear that Bitcoin can be used as money. It
can be used to purchase goods or services, and as Shavers stated, used to pay for individual
living expenses. The only limitation of Bitcoin is that it is limited to those places that accept it as
currency. However, it can also be exchanged for conventional currencies, such as the U.S.
dollar, Euro, Yen, and Yuan. Therefore, Bitcoin is a currency or form of money, and investors
wishing to invest in BTCST provided an investment of money.
[..]
CONCLUSION
Therefore, the Court finds that the BTCST investments meet the definition of investment
contract, and as such, are securities.2
For these reasons, the Court finds that it has subject matter
jurisdiction over this matter, pursuant to Sections 20 and 22 of the Securities Act of 1933 (the
“Securities Act”) [15 U.S.C. §§ 77t and 77v] and Sections 21 and 27 of the Exchange Act of
1934 (the “Exchange Act”) [15 U.S.C. §§ 78u and 78aa].http://www.courthousenews.com/2013/08/06/Bitcoin.pdfNote the issue there wasnt even if it was a ponzi or not, the court first determined that BTC denominated investments where indeed a security. Guess what: THEY ARE. |
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You do not need a liscense to take investments in BTC, only in USD
How often are you going to repeat that lie? The SEC argued that the investments in Bitcoin offered by BTCST are both investment contracts and notes, and thus securities.
http://www.communitycurrencieslaw.org/securities/ |
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SP's RockerBox ASIC tape-out date = 13 May, 2014 SP post about receiving RockerBox ASICs = 23 July, 2014 That's the same length of time that AM will be waiting for their 28nm chips so what are you talking about?  Im talking about the fact that AM taped out in september, expects engineering samples in december and mass production nearer the end of Q105. The only explanation for that is that december is a MPW or a small test run. Thats not by definition a stupid idea, especially if you are not confident in your design, but it doesnt exactly help time to market and the competition dont seem to be bother with it. While we are it at, from mid december to end of february is barely enough time to just process a wafer, leaving no time for testing, if need be refining the design and do a respin. Which begs the question why do it at all. If the chip works as expected, you wasted 2-3 months. If it doesnt, you dont have time to fix it with that schedule. |
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Doing that fresh out of college before I have my own car or house to ruin my credit reputation and just all around good standing for any future sort of political career. Yea that wouldn't be too bright and a good way to spend my tuition!
You already ruined all that by promoting and selling an unregistered security. So even if you were not planning to scam people (fat chance) or you thought you where clever by not running a ponzi, but instead incur 60% "trade losses" and then say 'sorry', it doesnt matter, you're already in deep doo doo. Your "because bitcoin" argument doesnt fly, its been refuted many times in court already. eg: http://www.communitycurrencieslaw.org/securities/TLDR; Bitcoin denominated securities are securities and subject to the same rules. Ask your mom what the penalties are. |
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In fact, AM is trying to change, and some changes have been made, AMHash is a clear signal.
Not a very good signal so far. 2 days in to the IPO, ~2.7% of the first 5PH have been sold. Or 0.2% of the alleged 60PH inventory of chips,... In the future we will see AM will make more positive changes.
Let me help; this product should help sell many more PH's very quickly:  An Asiminer wafer clock. You know you want one. |
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That seems to indicate they aren't going to be there with their next chip, unless something changes.
Not sure how you are reading it, but the "we're not there yet" of course doesnt have to apply to the specs of the new chip (that isnt there yet), but on the chip itself. Or it could be a reference to the price ($0.2/GH). Either way, just how many 28nm designs do you think they intend to make? |
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Let me get this straight, Bitfurys estimate of 0.2 w/gh is 2-3 times better than AM's estimate of 0.22 w/gh? Yawn. And where did you hear Spondoolies was aiming for 0.1w/gh this year? (not that it matters as they miss more targets than AM)
https://www.cryptocoinsnews.com/guy-corem-ceo-spondoolies-tech-speaks-miners-future-mining/I'd also love to know how you know that SPtech and Bitfury will have hardware 3 months earlier when taping out 1 month later than AM.
Thats not rocket science. AM is doing a pilot run or MPW since they expect test chips in december. BF and SP wont. |
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The same way Spoondoolies don't know yet. Except Friedcat is honest, and is telling you he doesn't know, and providing the best estimates he can.
Fair enough, but fact remains that BF and SP are aiming at 2-3x better power efficiency (and ~3 months earlier time to market). Whether they can pull it off, time will tell, but that goes for AM as well. |
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I'm not claiming it's about per chip hash rate, and claiming that there are a few factors which need to be considered, not just power efficiency. You're right; time to market is pretty darn important too. oops. You need to consider the hash rate, the power efficiency, the cost and the volume of the miner too.
Volume as in density, is mostly a non issue outside of collocation, which is a dead end anyway. Take a look at the largest mine. notice the shelve spacing here: http://www.thecoinsman.com/wp-content/uploads/2014/08/40-1X33zo7.jpgor the rack spacing here: http://www.thecoinsman.com/wp-content/uploads/2014/08/39-GQF0zFa.jpgThey could easily cram 3 or 4x as many rigs in that warehouse, if it werent for power/cooling limitations. As for "hashrate", its not a metric, its a variable that you can scale arbitrarily. What matters is hashrate/watt and hashrate/$ on a system level, but the latter is also highly dependent on power efficiency per chip, since much of the overall cost is in power delivery rather than the asics themselves. |
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Offtopic: Is it just me or does it seem that hardware prices are just picked out of a hat? Fancy new miners are always north of $10000 and even the more economical ones are seemingly always priced above what they should make back (sans inc. in currency prices). If they were priced below what they should earn back, why would they sell them? They should probably be priced in BTC outright as that is what they earn and forgo any exchange rate ties altogether. Dividend stocks are in fiat as that is what they earn, it just makes more sense. Apologies if you read this and found the early morning rambling, I need coffee.  I only partially agree. First of all, manufacturer costs are in fiat, not btc, so pricing their hardware in BTC would be suicidal. Secondly, the amount of bitcoins that the machine will mine is also tied to the BTC exchange rate. If BTC exchange rate where to increase 10 fold in the next month, you can guess what would happen to the network hashrate, and therefore your BTC mining revenue. |
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It's not just about power efficiency. In so far its not yet the case today, it will be next year. Power consumption will be by far the most important factor. Not only directly as opex, but its also driving PCB and system costs. Asics themselves are cheap; DC voltage regulation, cooling etc are comparatively quite expensive and those costs scale with power (in)efficiency. Sure, competitors may have better power efficiency but what hash rate will those chips have? Look at Bitfury or Spondoolies 40nm ASICs and compare them to AMs gen 3. If those chips were overclocked to match the hash rate of AMs, what would happen to their power efficiency?
Per chip hashrate is meaningless. Particularly if you dont take in to account die size. Even if you do, it only affects silicon cost which is probably among the least important factors. Here's what FC said on the issue:
So he says he doesnt know yet. |
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The reason why we started AMHhash project is based on factors below:
The reasoning is sensible enough, but after the first full day of IPO, you managed to sell less than 2% of your initial 5PH. Better hope AM has a plan B to get rid of its stockpile. Or should that be plan F ? |
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That is complete bullshit. Gen 4 tape-out occurred on September 16 and FC is expecting Gen 4 chips for testing around December 16. That's less than 2 months from now. Mass-production of Gen 4 is expected to occur in February/March. That's 4 months for mass production of gen 4, not 8. Gen 3 tape-out happened early February. Real world availability is only happening around now; ~8 months later. Do you honestly think that the share price will not rise will in December if the chips pass the tests or that it wont rise with the mass production of gen 4?
Both bitfury and spondoolies expect their next gen 28nm miners this year, one with 0.2J/Gh (0.1J next year) the other 0.1J/GH at the wall. AM is aiming for 0.22-0.34J/GH (and that appears to be for the chip alone) at least one quarter later. Even if AM is on time and on spec for a change, I wouldnt get too excited if the network is pushing through 1EH by that time at todays exchange rate. |
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I am amazed the price has not dropped yet..
It did drop considerably, only long before you and I found out the reasons why. AM1 traded 3x higher 2 months ago. There is no chance in hell none of the shareholders had access to much of this information through contacts with OEMs or others. |
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