Be sure to use multisig, otherwise one day your escrow agent will just run off.

Impossible to keep up with this thread lol, but just want to respond to the above: one reason the SEC wants the data of customers is almost certainly to determine if they are "sophisticated investors". If this paycoin thing is deemed a(n unregistered) security, then its illegal to sell it unsophisticated investors. Before anyone aks: sophisticated in this context basically means rich.

In general investors/customers should not fear the SEC, its not illegal to buy these things, nor to get scammed. If anything, the SEC is doing its thing to protect them.

actually, no. The word does imply that you will respond irrationally, not that the fear itself isnt justified.

I quiver in my boots. Coming from the guy who posted this:


and this


Maybe you should just, you know, shut up.

If the level of research you did in to what I have been posting is representative of what you will do to hunt friedcat, then you're not gonna get very far.. BTW, I dont appreciate being threatened. So GFY.

I think we agree, its just how you phrase it, ie, semantics.  Even the dictionary tells us we are both right, its just that you pick definition 3, Im using the first one:

fraud (frɔːd)
n.
1. deceit or trickery perpetrated for profit or to gain some unfair or dishonest advantage.
2. a particular instance of such deceit or trickery: mail fraud; election frauds.
3. something that is not what it pretends.

Lets not argue semantics on what is or isnt a ponzi, what really matters is what is or isnt a scam. To be a scam,  there has to be an intent to defraud. Even if AM/AMhash imo clearly should have disclosed what was going on, being asked not to by friedcat along with promises of a fix in the form of replacement hardware, is not an entirely unreasonable explanation and I do not (yet) believe the intend was to defraud their customers. The fact they didnt IPO anything after they were informed of the magical disappearing act, testifies to that.

Not necessarily, because it will prevent people with a clue from using their platform.
I for one, have no interest in having to trade against people with early access to relevant info. Suspending trade doesnt solve all of that of course, especially not if the CEO doesnt release crucial information to the public for many months, or even at all, but it would be a step in the right direction

Because it greatly affected AM and AMhash, about the only securities with any volume on, and therefore revenue for HL.

I for one, dont think Josh is the 'master mind' behind it, just the public face. Several of GAW's idea's were actually clever, if you look at it from their perspective. While spelling alone isnt a good measure of someone's intelligence, nothing I read from Josh suggests he is anywhere close to clever.

One has to wonder if its just coincidence havelock shut down for what, 10 days, for 'maintenance' right when the AM/AMhash fiasco was unfolding.

Assuming its not, here is a Pro tip: next time there is a such a big news event, suspend trading of the affected securities, clear all orders, make the news public, give investors some time to digest the info, then resume trading of the affected securities. The same should even apply  to events like posting financial results (although in the case of AM, lately thats become so rare its a 'major' event I guess). Uninterrupted trading makes it so unfair to anyone without early access to the info, in many cases just understanding Chinese gives you a huge leg up. And lets not mention board members...

No, its booked as 'kid', ie, <11 yr old. The other is youth so less than 25yr old.
I assume these are supposed to be his children. No idea if he has children and even less how kken01 would obtain those tickets...

I defined "legit" as having provided reasonable evidence that they are mining with physical hardware and the goal was not to defraud customers.  In that sense, I still think Amhash was legit and unlike the actual collapsed ponzi's, there is even still a fair chance they will make their customers whole if/when FC resurfaces.

If you want to know which cloud mining operation is virtually risk free, the answer is -and always has been- :  none, even if you accept the difficulty/price risk.

Because there are always a few suckers who essentially bet on making a profit from even bigger suckers than themselves.
Given how foolish the paycoin crowd is, that might even be a reasonable bet, if it werent for garza&co cleaning out the buy orders every so often with their unlimited supply of XPY..

There is pretty much no gold in modern (Pentium 4 and up) cpu's.

Some of those cpu's and ram modules should still have some value just from their utility, even bent pins can be straightened easily with an exacto knife, but no one is going to bid a fair price if we have to guess whats in that lot.

Hasrate dropped by ~2PH. So it turns out I lost this bet because someone stole an entire warehouse full of miners

You're beyond grasping now. So now its not extortion but slander ? Do asic's have feelings and are they susceptible to slander ? If not, how does 'slander' prevent a real mining operation from paying mining revenue to its customers ? What shit do you smoke?

Does anyone have AM share price and volume charts for the past 6 month or so? Would be interesting to see if anyone dumped shortly after December 25th.

If it was not successful, then why else did all these 'legitimate' companies stop paying their customers?