If you mean the PPT, you can pretty much write that one off. It's becoming suspiciously clear that pirate was putting all the money in the 'ZeekRewards' ponzi. It could take months/years for pirate to claim back any money which would be in USD. He then would have to buy bitcoins with it to pay us. The price of bitcoins could be anything then.
If its any consolation pirate probably has very little money left as it would all be invested..... Yeah but he probably made 'lots' on the back of everyone else. I wouldn't be surprised if he had at least $1,000,000 in cash or bitcoin profits he made hidden away. |
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IMO, it has to be blockchain.info:
cool interface
nice way of tracking transaction and bitcoin adresses
very flexible send options
high security:
- private keys get decrypted only on the client side in a (usually) sandboxed browser
- two factor authentication (yubikey, google authenticator)
- browser addons which check the validity of the javascript code sent from blockchain.info
automatic encrypted wallet backup sent via e-mail, also dropbox support
brain wallet support
iphone app
minus:
no android app
+1 |
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We have 600 shares that need shifting to pre-order our third ASIC. This will take us to 120GH/s@2600 shares or >46MH/s@ BTC0.30 or 1GH/s for BTC6.50. Which is I think the best offer by any mining company on the GLBSE post ASIC. We plan on saving between 90% - 50% of profits to purchase more ASIC's and the rest in a weekly dividend. The final amount is still to be decided by possible motion if we can't get a clear consensus from investors. Someone currently has 74 shares on offer BTC0.00001 below our offer. We have been in operation since February and I know Nefrio personally. We have over $2,723 of hardware assets and a BTC35.992 wallet behind our current ~1900 shares sold. With RSM you own a share of all the hardware and profits that go with it. Thanks. I'm afraid with BTC-MINING, it's 300 mhash/BTC or 3.33 BTC per ghash, nearly half your current pricing. The admin fees over equipment purchase price is a mere 10%. I currently run it as a copurchase, along with BTC-BOND which is a personal loan to me with fixed interest being paid. For any Butterfly Labs equipment investment, I would mostly use BTC-MINING. OK I didn't know you ran BTC-MINING but that (300MH/s)/BTC relies on you rising the funds to purchase three ASIC mini-rigs when you haven't even ordered one yet. While RSM has paid for two 40GH/s ASIC's and is already paid for 80GH/s taking us to over 41MH/s@ BTC0.30 and are now rising funds for our third ASIC to go to over 46MH/s@ BTC0.30 |
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Please help me understand/explain to an economist friend of mine...
He argues that Bitcoins have no chance in global success because a this system be used to create credit.
Bitcoins cannot be used to leverage. --> You cannot use Bitcoins to create credit. ---> It can't replace existing credit already created by the current system.
For Bitcoins to be successful, it has to be able to replace the existing debt!
Please help me:
Where is he right/wrong?
Just tell him bitcoin is as much a commodity as a currency then tell him to learn about 'Austrian' economics. |
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I've asked for this thread to be moved to 'Project Development' so it doesn't get buried so easily. The RS forum is a project?
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@MarkM I've ran out of pm's but as well as you adding my key you must send me yours to add as well or we won't connect. Also try forwarding your ports.
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Does anyone want to swap keys inbox me.
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Most people learn to ignore p4man. He attacks before thinking. I guess he has nothing better to do.
What like you!!! I sent you one pm about a charity idea and my first ever pm to you and you go trolling my thread saying I've been spamming you!!! |
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We have 600 shares that need shifting to pre-order our third ASIC. This will take us to 120GH/s@2600 shares or >46MH/s@ BTC0.30 or 1GH/s for BTC6.50. Which is I think the best offer by any mining company on the GLBSE post ASIC. We plan on saving between 90% - 50% of profits to purchase more ASIC's and the rest in a weekly dividend. The final amount is still to be decided by possible motion if we can't get a clear consensus from investors. Someone currently has 74 shares on offer BTC0.00001 below our offer. We have been in operation since February and I know Nefrio personally. We have over $2,723 of hardware assets and a BTC35.992 wallet behind our current ~1900 shares sold. With RSM you own a share of all the hardware and profits that go with it. Thanks. |
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Blockchain.info, aside from being a great tool and web wallet, offers and advertises a coin mixer service - or to put it in plain English, a money laundering service. Under what jurisdiction is money laundering legal??
Laundering money is not illegal but laundering the proceeds of criminal activity's raised funds is. |
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Correct.
It is the difference between offering a security/asset/investment/ponzi and promoting it.
All the promoters were lying. The "knew" Pirate could make this, they had insider "info" on that. They were willing to call those even bringing up the chance it was a ponzi every insult possible. They hyped it up, made jokes about how much the "team ponzi" was losing in profits. They staked their reps on Pirate being legit.
Pirate didn't need to give them a cut. The entire PPT system was there cut. None of them passed through 100% of the interest from Pirate. Take a PPT which paid out 4.85% on 40,000 shares. Pirate pays 7% on 40K BTC the PPT pays out 4.85%. The difference is 860 BTC per week. They had a direct profit motive to bring in as many suckers as possible.
They both promoted and profited off a ponzi through the use of deception, misleading statemented, and outright lies.
OMG something we agree on  Yes brand them all  Tho people like HashKing I never saw him once promote it as a sound investment he just offered a PPT and made the risk obvious from his other deposits. |
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Correct.
It is the difference between offering a security/asset/investment/ponzi and promoting it.
All the promoters were lying. The "knew" Pirate could make this, they had insider "info" on that. They were willing to call those even bringing up the chance it was a ponzi every insult possible. They hyped it up, made jokes about how much the "team ponzi" was losing in profits. They staked their reps on Pirate being legit.
Pirate didn't need to give them a cut. The entire PPT system was there cut. None of them passed through 100% of the interest from Pirate. Take a PPT which paid out 4.85% on 40,000 shares. Pirate pays 7% on 40K BTC the PPT pays out 4.85%. The difference is 860 BTC per week. They had a direct profit motive to bring in as many suckers as possible.
They both promoted and profited off a ponzi through the use of deception, misleading statemented, and outright lies.
OMG something we agree on Yes brand them all |
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This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.
Which is why I think its so important there is at least some accountability for their fierce support for pirate. Its not revenge or to start a witch hunt or whatever, its to make sure everyone knows there are consequences to giving undue credibility. Labelling them as scammer would likely be considered too harsh by many, but if I where Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines. I very much disagree with this, unless of course it can be proven they *knew* it was a fraud up front, besides you can't discriminate. I think what needs to happen is some form of actual knowledge (not sure how to implement that) transfer rather than bantering back and forth. Just facts, here is what happened etc. So they profited from a scam by backing it and there not scammers  If those satoshi dice shares become worthless overnight is the middleman on gblse also a thief? No because those shares are not on GLBSE are they and that exchange wouldn't promote and praise them as a good investments ever. Plus GLBSE has lots of disclaimers about not getting involved unless you know what your doing. These senior voices on the forum said they understood Pirates business and it was a sound investment. GLBSE would never do that. Senior forum voices who supported and praised Pirate and definitely those that did that to profit should go down with Pirate if he doesn't pay. They all flew out to meet him and claimed they understood the secrete sauce and it was legit "So give me your money while I burn it to profit". |
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This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.
Which is why I think its so important there is at least some accountability for their fierce support for pirate. Its not revenge or to start a witch hunt or whatever, its to make sure everyone knows there are consequences to giving undue credibility. Labelling them as scammer would likely be considered too harsh by many, but if I where Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines. I very much disagree with this, unless of course it can be proven they *knew* it was a fraud up front, besides you can't discriminate. I think what needs to happen is some form of actual knowledge (not sure how to implement that) transfer rather than bantering back and forth. Just facts, here is what happened etc. So they profited from a scam by backing it and there not scammers |
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This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.
IE I'm a dumbass and like to blame others after the fact. If you didn't see through 7%/week, well there's no other explanation. Who is blaming others? I have said multiple times before that if pirate runs it is my own fault. I was saying that P4 had a very good point, where do you fit in? You are. Check the bold. And when I call you out on your passive aggressive bullshit you backpedal. Don't say stuff like what I bolded unless you will stick to it. I fit in as the guy warning you months ago pirate was a scam. Now I fit in in laughing at the idiots that "invested" in him. No your wrong lots of senior member's gave Pirates scam a lot of Kudos and they should go down with him. I'm not saying every PPT operator. Just the senior forum member's who was giving his scam credibility especially the ones who profited from giving him kudos and credibly. |
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This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.
Which is why I think its so important there is at least some accountability for their fierce support for pirate. Its not revenge or to start a witch hunt or whatever, its to make sure everyone knows there are consequences to giving undue credibility. Labelling them as scammer would likely be considered too harsh by many, but if I where Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines. I think there just scammers the people who gave Pirates idea kudos they all profited from it. So haven't lost anything but made on a scam. I hope I'm wrong and MNW wins his bet but it all just seems a little too late in the day. Pirate probably does have a lot of USD/BTC but now he's just thinking "I might as well just keep it" rather than use it to partially pay of his debts and still be in debt. Trust me a scammer would rather be in debt and have money then be in debt and have no money. |
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#2 - This is *exactly* my point of things that just don't 'add up'. If I were pirate AND I were running a ponzi then I would not want PPTs for exactly the reason you stated. It just doesn't make sense.
Oh yes you do. You give them crumbs, in return they give you credibility and a large inflow of btc's. If it werent for the Pirate Ponzi Team cheerleaders and the trust they enjoyed in the community, Im pretty sure the scheme would have collapsed ages ago. But if a dozen well known and generally respected "hero members"/VIPS etc pretend to know things you dont know, appear willing to swear on their mothers grave Pirate is the real deal, well, it makes even the most level headed guy wonder. This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease. I think these co-conspirators knew they could all loose there principle but they knew they were getting in early enough to make a profit. I too wouldnt have even thought of investing if it wasn't all the support Pirate got from 'VIP Hero' members of this forum. Who all said they new who he was personally and new it was a legit investment. |
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