I think he wanted to arbitrage the price difference between Bitstamp and Bitfinex a few days ago. They were off by like $4-5 or so.
Even at this difference he can not make any profit due to charges on fiats (USD, EUR etc) may be he could make it an investment ebook and give it to a highly trusted member to vouch it then we can buy it if we finds it interesting. Charges are flat rate. $50 on $50 is 100%. $50 on $5000 is 1%. $50 on $500k is 0.01%. I could go on but I'm guessing you get the point. I actually did not get any point here because if the i should buy at the rate of $365 and sell for $370 (for example) i will be left with $5, if i now purchase 10 btc, my profit will be 10x5= $50, this profit can easily be eating up by wire transfer, visa card charges or perfect money commission. Right. So now you bought 100 instead. That's a profit of 500-50=450. I'm not seeing the issue? The more investors had put in, the higher the profit would have been. Just like any other trading system in the world. It's nothing new/complicated. But that also doesn't mean it isn't risky. Except for the slippage. You can't scale arbitrage all the way up. Because buying on Site A will make the price go up there, and Selling on site B will make the price go down there, meaning you will make less and less profit every time you make the trade, which is why we gave you the correct answer that should be given to everyone claiming to have an arbitrage opportunity, "why aren't you doing it before it goes away?" |
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The cryptsy thing is going to fuck this up even further.
Do any of the coins being staked have a purpose besides trading on cryptsy? If people can't get btc off of cryptsy, they are going to buy these coins, making the price go up, but then people are going to be left with (even more) useless other coins. This is probably going to screw lots of people over, who knows what it will do to Leroy's crazy accounting system.
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The BTC withdraw issues on cryptsy are going to fuck everything up. People are going to end up buying various altcoins that they can withdraw, moving the prices up. Because getting off any of a random coin is better than just watching cryptsy steal your btc. Some people made money moving the price of btc up when they couldn't get cash off of gox, but where are these people going to turn to turn these coins into something useful?
bad times ahead for all these coins.
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This fuckin' Leroy Fodor truly doesn't get. He honestly believes that one can lie their motherfuckin' ass off across the board but could operation a legit cryptocurrency entity because the two aspects have nothing in common. Ironically, I'm taking a Fodor while typing this, just realizing that I'm out of reach of toilet paper, and will have to hunt such when I'm finished with my Fodor with my pants below my knees and my giant 6mm Lugan dick a swingin'.
Like I said you dont want proof you just want attention I really am dojne here, Bruno you and your antics are annoying, i hopoe one day you do it to the wrong person I really do. One that has the capability to take everything you own which is probably not much at all. Thanks for the fuin you havbe wasted another 2 days of my time. i seriously am finished wiht this nonsense. when you revert to the ignorance in this last post I am done. What's the over/under that Leroy Fodor will be back to once again grace us with his dithyramb prose? HAHAHA I say when the shit hits the fan he will come back crying about something. Whatever it is, he still owes me 0.92 BTC Did he ever give you an explanation that could reasonably come up with that fee he charged you? Last i saw, suchmoon tried to do some math but leroy claimed he couldn't/wouldn't go into specific details about someone else's account. He should be able to give those to you. I'm glad you got your coins back, and keep pushing him so other people can see the truth and hopefully get out their coins minus fees before all the coins disappear (which they wille eventually, no clue how you could make a profit when it looks like every coin dropped in value over the time you were investing there). Nope, didn't even contact me at all. The last I heard from him was a scathing email about how I was wrong, how I was attacking him, and how bad I was towards him. Also, on how I made 0.63 BTC profit in 3 months. Probably could of made that in a month with the 5 BTC I had. You getting back all of your coins will be looked at as a win when this is all said and done. I would just keep asking him publicly for an explanation of your fee whenever he posts so other people can see his shit and get out before it goes to complete shit. |
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This fuckin' Leroy Fodor truly doesn't get. He honestly believes that one can lie their motherfuckin' ass off across the board but could operation a legit cryptocurrency entity because the two aspects have nothing in common. Ironically, I'm taking a Fodor while typing this, just realizing that I'm out of reach of toilet paper, and will have to hunt such when I'm finished with my Fodor with my pants below my knees and my giant 6mm Lugan dick a swingin'.
Like I said you dont want proof you just want attention I really am dojne here, Bruno you and your antics are annoying, i hopoe one day you do it to the wrong person I really do. One that has the capability to take everything you own which is probably not much at all. Thanks for the fuin you havbe wasted another 2 days of my time. i seriously am finished wiht this nonsense. when you revert to the ignorance in this last post I am done. What's the over/under that Leroy Fodor will be back to once again grace us with his dithyramb prose? HAHAHA I say when the shit hits the fan he will come back crying about something. Whatever it is, he still owes me 0.92 BTC Did he ever give you an explanation that could reasonably come up with that fee he charged you? Last i saw, suchmoon tried to do some math but leroy claimed he couldn't/wouldn't go into specific details about someone else's account. He should be able to give those to you. I'm glad you got your coins back, and keep pushing him so other people can see the truth and hopefully get out their coins minus fees before all the coins disappear (which they wille eventually, no clue how you could make a profit when it looks like every coin dropped in value over the time you were investing there). |
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Mining is just printing money. i'm glad you realized that no one would sell you a money making machine for less than it would print before you wasted your money.
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How have you not used your own money to take advantage of this yourself yet?
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TOTAL: 66.95523845 BTC
(~57.26% of the "116.93109622 BTC Invested")
I'm new here, looking for ways to invest my BTC holdings. Can someone please explain to me how StakeMiners is not a fraud based on these findings ? It appears to be one, it's just hard to actually prove because of the lack of information provided from them. They never recalculate the value of investments when the price of the underlying coins drops, so it's likely that they have been running with a deficit since the first payout. That plus the constantly changing TOS, the lack of being able to show the math for how they calculated the withdrawal fee when the last BOI member bailed, and many other reasons seem like this is a bad idea. If you are going to invest your coins make sure someone has a way to earn bitcoins regardless of price, because as soon as you give your coins to someone else they have them are able to fuck you over if the price changes. the only thing that looks to make sense to me is casinos, but you are on your own to figure out which of those are run by reputable people who won't just rob you. |
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Was there ever an actual reason given for how exactly prime controllers "protected the network" or was that more nonsense spewed that all of the super genius super investors managed to never question?
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BitJane used to edit Garza's incoherent rants for HashTalk until he started deleting posts & she quit. She saved all the work & sent it to SEC / FBI.  She was working with the SEC over the summer, giving them stuff no one else had. I think it's OK to reveal this now. If there is ever actual evidence of that, I will maybe give her a little credit. Still won't do much for the idiots she convinced to lose money or excuse her from being publicly quiet. I have a feeling a lot more asshole will claim that they were cooperating with the authorities and can't talk about than the amount that actually did. |
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Agreed & it's time to stop crapping on BitJane.
She raffled off her entire XPY account for BTC & gave it all to Sean's Outpost.
That was like 8 months ago.
She completely washed her hands of the whole thing.
HUGE difference.
She's been volunteering to support Bitcoin for no pay ever since.
Move on.
I don't read any of the other forums, so i may have missed it, but has she come 100% clean about everything and spilled dirt on all the scumbags involved? Washing hands is one thing, coming clean is something else. None of the assholes should be trusted until they do that, and even then they shouldn't be trusted because they are either so stupid that they fell for the scam, or so scummy that they participated. But coming clean would be a good step on the path to redemption. I think BitJane is just a small fish and there are far bigger ones to catch. also, if she raffled her stuff away it's fine. Raffling off worthless paycoins doesn't make up for the lies. Telling people what she knew would have been more helpful to other people to help them get out (unless she is too stupid to have useful information). She is a small fish, but no one involved should be "forgiven" because they all jumped ship and passed their bags to other people instead of actually making amends. |
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Agreed & it's time to stop crapping on BitJane.
She raffled off her entire XPY account for BTC & gave it all to Sean's Outpost.
That was like 8 months ago.
She completely washed her hands of the whole thing.
HUGE difference.
She's been volunteering to support Bitcoin for no pay ever since.
Move on.
I don't read any of the other forums, so i may have missed it, but has she come 100% clean about everything and spilled dirt on all the scumbags involved? Washing hands is one thing, coming clean is something else. None of the assholes should be trusted until they do that, and even then they shouldn't be trusted because they are either so stupid that they fell for the scam, or so scummy that they participated. But coming clean would be a good step on the path to redemption. |
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I don't know why people ever trusted BFL. It took me a year to get my jalapeno and I was unable to mine enough to make my investment back.
People back then didn't realize what they were getting into, why anyone trusted them after that is a complete mystery. Greed makes people do silly things. |
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Hey PaulRevere: Even though I gave away my account months ago, I still get rare emails from dysfunctional ZenCloud -- this time Ryan specifically, so if your hunch is correct, there does seem to be a lot of GAW nepotism going on between BitLend & the major GAWMiners Refugees. EMAIL from ryan@xpydev.org: "Your Micro-prime key is now available on your account. Log in and click the profile menu at the top right to find your key. What is a Micro-prime? A micro-prime is a special private key generated for each Zencloud users that purchased an Immortal Hashstaker. This key will stake at the Prime Controller stake rate up to a certain balance of coins that is proportional to the total size of your Immortal Hashstakers. To use this key, download the Paycoin desktop wallet from paycoin.com and import the private key into the wallet. Once the wallet is updated with the micro-prime update, it will immediately start staking at the increased rate. Thanks, zenportal Login to Zencloud If you have any questions you can contact us at ' ryan@xpydev.org' " " OOOOOOOOOOOOOOOH Micro-Primes!"
Said Homer Simpson. I think we can paraphrase another Homer quote to sum up this new news. More coins created out of thin air, the cause of, and solution to, all of Paycoin's problems. |
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Thanks, but I did some reading regarding that scam report and I'm sure I've read about customers receiving their withdrawals since then. BUT they took their sweet time. I can't get a straight answer from them but if I go ape shit or try and pull all my BTC out at once, they might go full retard on me.  This has happened to me before at this exchange and I did my money..... Eventually. Why on earth would you put more money in if this has happened before? |
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If you dug deep in the TOS he signed up under it could have easily been a 20% withdraw fee since that was the time of his most recent deposit. And that is EXACTLY how most other crypto related sites would have done it.
I don't know of any other site which attempts to discourage withdrawals by imposing large fees for early withdrawals. Just-Dice.com offers staking and has no withdrawal fee. You can deposit and withdraw again in the same hour and not have to pay a fee. So can you back your claim that "that is EXACTLY how most other crypto related sites would have done it" please? I suspect it's untrue. That's because you have a competent system of accounting. By leroy's own words it's impossible to do a proper withdrawal without a fee and/or delay because he will let you withdraw the x btc you deposited even though the coins he bought with them are worth less than x btc. |
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Don't worry. Money is safe. Be patient  That's all you have? What a joke. |
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gambling will not make you rich forever. here you will learn to keep your money. allocate your money and return to gambling when you are short of money.  You are completely wrong here. You are not gambling when you are short of money, never. You only gamle with excessive of your money, when you actually have money you can lose, without jeopardizing your financial situation further. I think you are 100% wrong. There are plenty of people who barrow money for gambling. When people do not have money then they look all kinds of short cuts to make money. Lets be realistic. If you borrow money to gamble more when you just lost everything - you are already doomed, you are fucked up beyond belief. You are so tilted, biased and susceptible to gambler's fallacy that your chances of winning are slim. This is real world, there are no shortcuts. Yes I completely agree. You should NEVER EVER borrow money especially to gamble or for any high risk investements You shouldn't borrow money to play dice/roulette/craps/blackjack whatever. there are certain circumstances where it makes sense to borrow money in other situations. If you had a ticket that was going to pay out 150-1 on the Astros winning the world series or 80-1 for the Rangers, you could borrow money to make some other bets to guarantee yourself a healthy profit. Which is what everyone seems to be missing in this thread by talking in absolutes. You probably won't make money gambling, you probably shouldn't borrow money to gamble, but if you can find +ev bets and/or situations (which is EXTREMELY DIFFICULT, but possible) both can make sense. |
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yeah i strictly believe in 2fa.. i love it and i wish everyone had at least the text option.
the only email i got from them so far was the canned response they probably sent everyone.
ive contacted support but its the weekend.. i might just make a new account and start over with a fresh email.
i like the site.. its a great idea.. i saved tons of money i would have spent otherwise.
im sure they will send me back the bitcoin.. eventually..
I've never used the site because it doesn't make sense, so forgive me for all the questions. You have your coins on there, and then send them to people who are willing to send you an amount of stuff worth more than the bitcoins are worth off of an amazon wishlist? Can't you just keep the coins yourself until there is a person willing to make a purchase for you? It seemed to me like people buying coins would be the people with coins on the site, it did not occur to me that people looking to sell coins would leave them there. |
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from Reddit:
We have received word today of unauthorized password reset notification emails. We are aware of the issue and have secured all funds. All user balances are accounted for and upon completing our investigation, service will resume shortly.
All accounted for, even though the transaction ids in the emails appear to be legitimate. Of course. yeah, i guess we will see.. its good news tho.. That was sarcasm. How can all the coins be accounted for if the transaction of your coins leaving your account i real? wonder if they say the coins are safe were to those that didnt lose any They said they have secured all funds, so i think users funds are safe. I hope they didn't lie about it This is impossible. The OP posted the transaction of coins leaving purse to an address that isn't his that matches up with a transaction that matches the amount in his confirmation email (that he never confirmed). those coins can be replaced, but they can not be secured by purse. here is the email  the funds are still there https://www.blocktrail.com/BTC/address/1fZisbHc6rGRoWmMet7n15Sficng5YWbQand i still have NO access to purse. the site wont recognize my username. i know its not safe to leave funds in an online wallet.. but i had active orders and you have to secure them.. also, i have 2fa enabled.. on both purse AND gmail. nobody can login my email without having to input a code. was 2fa enabled on purse before this incident? I believe they are completely at fault, but just to be sure, are there any responses in your sent mail folder responding to these messages? |
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