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1541  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 05, 2015, 03:07:35 AM
Only a fool wouldn't see how much better it is now.

It's actually quite fascinating to see that even now - almost a half year since the "rebellion" that allegedly removed Garza from Paycoin - the simplest things like putting a link to the damn block explorer on the website still elude them. I haven't visited the new hashtalk much but I'd bet there is still talk about new "exiting" features being developed by devoted groups and teams who of course need those free coins for their efforts. Luckily the market has already sorted this out for the most part. At the current rate that 20k gain per controller is going to be worth $20 (there's your floor) by the end of the six month bid.

It's hard to differentiate which people over there (all the over there's) are dumb enough to still buy and which people are just acting that way in hopes that someone will remove the bag that they are holding, but I always enjoyed that some people bought the Garza story of "someone not me will "fulfill the whitepaper,"" and acted like Garza was now clean and this new group would add all those "features" that would fix everything.

How the fuck is someone going to make a hyperflex blockchain? This is like an inception of scamsand it appears that some people still think that there's a way out.
1542  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 05, 2015, 12:04:15 AM
I haven't been following the hyperinflation news recently - are the Good Guys still running those Prime Controllers? How about the Bad Guys like cmilian, didn't they bid on a PC?

I wasn't paying close attention, but was it not established that all that ownership of a PC consists of is knowledge of a secret key? And as such, there is really no way to 'sell' one, as the 'buyer' cannot force you to forget the key?

Further, that each of the PC keys have been freed from captivity?

I think there was supposed to be a fork to invalidate old keys and create new ones, presumably distributed using a bidding process. Of course the whole process is run via forums and hangouts so good luck trying to figure it out.

I suppose the so-called "devs" of this "community owned coin" invalidated all prime controller keys and generated new ones which they kept to themselves, so they can keep dumping their free XPY on the idiots of paycointalk. Free money for the paycoin "devs". Such a great community!

There is a "bidding" page (a link to which is in a PDF file but not on the "official" site - go figure). I believe it possibly means something to someone, but the bottom line seems to be that inflation remains the only feature of this innovative coining.

https://ledger.paycoin.com/primebids

Edit: truckinusa beat me to it, well done Smiley

Meet the new boss - same as the old boss

Who falls for these things? 'Let's get rid of the massively asymmetric massive inflation, and replace it with... umm... massively asymmetric massive inflation!' Freekin' dipsh*t loons.

But it's less massively asymmetric massive inflation!!!

And one of the guys getting all those coins is gone!!!

And all the other guys split up into teams and other organizations with new names!!!

Only a fool wouldn't see how much better it is now.
1543  Economy / Scam Accusations / Re: CONFIRMED! Leroy Fodor's stakeminers.com site is a scam! on: August 04, 2015, 03:50:23 PM
I ignored this for a while because I thought it was some crazy staking club thing that might actually make sense on some level, but now that I've read a little bit, how can anyone think this is a good idea?

I thought everyone would give him random coins, he would put them all together because you can get more via staking if you have more coins in one spot, and everyone would share the profits. There would be enough issues with that business, and I'm not sure how much money people would make participating, but it seemed pretty straight forward and ok to do.

It turns out that the plan is give him BTC, he turns them into unknown coins, stakes them in unknown wallets, turns them into BTC and sends them back? How many ways for people to get screwed over in one business are we putting together? besides needing the operator to be legit, now you need him to be good at trading, and you need every coin he invests into to be legit also. What happens if he invests in a coin that turns out to be a scam? What happens if he mistimes a trade? What is stopping him from saying he did that if a coin crashes so he can just keep all the btc?

How many times has "give someone your coins so they can trade for you" worked out? Because despite the name, that's what this is. Claiming you are staking coins (and actually doing it) gives you a little breathing room if you fuck up on trading, but this seems insane to me.
1544  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Scrypt.CC | Scrypt Cloud Mining on: August 04, 2015, 04:06:35 AM


It's not that Marcello is a glorified crack dealer, it's that he is using multiple accounts to keep you guys posting. Who do you think you've been arguing with? investors?

I actually don't believe its him and I'll tell you why: these half-wits had me as a mod in their IRC for a month before I finally left, all the while I was openly stating I felt this was a scam and no mining was taking place. The reason I was a mod? No one else in there could figure out how to set up an IRC with auto-ops, channel flags, set banmasks, etc.

I genuinely believe that some of the investors are so dumb and blind that it is them posting through these accounts. Marcelo knows he has such devout fanboys he doesn't have to do anything. I wish I could adequately surmise the level of ignorance of that group of people - it goes far beyond crypto and basic IT to fundamental lack of understanding of basic investment principles. That group of IRC clowns is the main set of actors behind the "so what you dumb fuck at least I'm getting paid."

I'd be less sad if I thought this was Marcelo himself. But it's his unofficial Kool-Aid drinkers, including one Chief Hero Asshat who, at least at the time, was bragging about using his SCC payouts to pay his bills instead of having an actual job. Of course this was in the "pre-hack" time...

The tough thing about this point in a situation like this is that it's extremely difficult to tell the difference between an idiot who believes in the site and a scumbag who knows that acting that way to get someone to take the bag out of his hand is the only way for him to get out.

I've learned that it's not worth trying to figure out which category somebody belongs in, because it's not worth dealing with either of them.
1545  Economy / Gambling / Re: OddsWorthBetting Premium Membership Picks on: August 04, 2015, 04:01:12 AM

thank you for being honest, but that spreadsheet is useless without odds and without the picks posted somewhere else publicly shortly after the game starts because you can change that.

As for what you have there. If you bet $100 on each game you would have won $40 on Isner, $119 on Baghdatis, and lost $100 on Lu, leaving you only up $59.

If you used the industry standard method of keeping track of bets (bet enough to win $100 on favorites, bet $100 on underdogs) you would have bet 250 to win 100 on Isner, 100 to win 119 on Baghdatis, and lost 175 trying to win 100 on Lu. Leaving you up $44 after risking $544. You may not like that method because it punishes you more for losing on heavy favorites, but real handicappers weight their record that way to give an accurate representation.

Yes thats a nice profit for a day. I will try and update who I pick while the match is in progress.

Picks for tomorrow are:

Dolgopolov, A v Smyczek, T <PICK ALEXANDER DOLGOPOLOV)
Lacko, L vs Johnson, S <PICK STEVE JOHNSON>
Bet M Baghdatis (win) against Pella

I misread my chart, you didn't have the +119 on baghdatis yet, so you are down for the day.

What odds are you getting on those picks. I can find them, but you should post them if you want to convince people you are honest.
1546  Economy / Gambling / Re: OddsWorthBetting Premium Membership Picks on: August 04, 2015, 02:02:07 AM

thank you for being honest, but that spreadsheet is useless without odds and without the picks posted somewhere else publicly shortly after the game starts because you can change that.

As for what you have there. If you bet $100 on each game you would have won $40 on Isner, $119 on Baghdatis, and lost $100 on Lu, leaving you only up $59.

If you used the industry standard method of keeping track of bets (bet enough to win $100 on favorites, bet $100 on underdogs) you would have bet 250 to win 100 on Isner, 100 to win 119 on Baghdatis, and lost 175 trying to win 100 on Lu. Leaving you up $44 after risking $544. You may not like that method because it punishes you more for losing on heavy favorites, but real handicappers weight their record that way to give an accurate representation.
1547  Economy / Gambling / Re: OddsWorthBetting Premium Membership Picks on: August 04, 2015, 01:11:06 AM
I have specified what I want you to do many times.

Right after the game that you are betting on starts, post the pick here, with the odds you bet. This way we can keep track of your record AND how much money you win AND you won't be ripping off the people that paid for your picks.

That is how you prove you are good at sports betting, you post your picks, and prove that you can make money making picks.
1548  Economy / Gambling / Re: OddsWorthBetting Premium Membership Picks on: August 03, 2015, 09:30:59 PM
Sounds great!  ;)I'll definitly pick this one out!
I'm creating an account and taking my chances with 1 month free membership!


whaat? you are either really crazy to trade with a newbie by sending him first or you are a multiaccount of oddsworthbetting as no one trusts newbies on this forum

I should be trusted? I know what I'm doing you tool

That may be true, but it's very simple to show that you are good at sports betting. Your refusal to do so is a giant red flag.
1549  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 03, 2015, 07:51:50 PM

Don't underestimate the laughability, someone was buying all those coins at $14 back in December Smiley

On the other hand this "account" - parody or not - has a very clear purpose to make Mr. Garza look like a quitter but not a scammer, so there's that.

Agreed - Check the guy's post history. He appears to be a real human:

http://whois.domaintools.com/bitnow.co

Oh yeah, here's one of his alt accounts.   Roll Eyes

https://bitcointalk.org/index.php?action=profile;u=457772

Check the post history - He's no stranger to this thread either.


Because it's a scam.



I'm talking about this thread been done by PayCoin heters. That is not healthy when you spend your time trying to destroy other people work.

 Grin

This individual really is special... uses the same email AND BTC address in his alt accounts...

https://blockchain.info/address/1CgJ3M9kweRAhpjRWAZYvE3UL8cpTjAox1

I can't believe there was actually 171btc that passed through there.



Don't let that number fool you the way Garza tricked that poor wall street journal schlub who has been remarkably silent.
1550  Economy / Gambling / Re: freebit.co.in multiplay system on: August 03, 2015, 03:43:13 PM
Well, I am done with that site!!!

I have tried all possible ways and strategies and always lose. The last attempt I have done I have put on my balance 1.6 btc. I have bet 1 satoshi with a multiplier of 3 and raisding my bets 2x on each loss on autobet for 20000 games and it busted after 24 streaks.

No matter what game style I use in this site in the long run I always lose so in the end I just gave them 3 btc.

In the end these sites are made to win and not let you win! In other words... Scams!

There is no strategy to beat a 100% luck based game. You found a strategy that will make you lose, and you would have known that with a little bit of reasearch
1551  Economy / Securities / Re: PocketRocketsCasino.eu - FOR SALE - 3000 BTC PROFIT - Bitcoin gambling site on: August 03, 2015, 01:13:35 PM
So it made 580 btc with a bankroll of 4700 coins, So in order for the buyer to realize profits like that they need to have that much money to put in the bankroll after they pay you? correct?
1552  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 03, 2015, 12:50:34 PM
It was not a scam

... says you, in the face of overwhelming evidence in this thread.

Authorities needs to build cases? Cases they do not need to be built: they exist or they do not exist.
Why are you trying to justify authorities having nothing in their hands?!?

A strong case for securities fraud exists with the Paycoin scheme.

Homero Joshua Garza already had a default judgement of $346,746.29 for scamming his power company - Mississippi Power Company v. GAW Miners, LLC

Where am I "trying to justify" that authorities have nothing on their hands ? Quite the contrary. It's right there in this thread if you read from the beginning.

The Federal legal system moves slowly to build cases. See Federal Trade Commission v. BF Labs, Inc. et al for example.


The one thing that keeps sticking in my mind, is what if there was never an SEC investigation. It seemed Josh was always quick to threaten people
 
that the reason he can't do stuff is the SEC are watching. What if he was just using this to scare people when it was never actually an issue? This

could be possible right?

What are you talking about? the reason he can't do stuff is because people finally woke up and stopped giving him money.

Why on earth would he give you $20 for a paycoin when he can go on cryptsy and get it for 3 cents? And then what is he going to do with that paycoin?

That is the question that has never had an answer and why anyone thinking Josh would give them $20 needs their head examined.
1553  Economy / Service Discussion / Re: Top Cloud Miners Compared by Profitability on: August 03, 2015, 12:45:32 PM
I've been researching daily reinvestment to produce compound daily interest vs. accumulating simple interest and ignoring your principal.

I've accounted for GH/s value decline over time and mining difficulty increases and I found something I wasn't expecting.

It looks like if you start out with an average of 0.3% earned per day you actually make (lose) (-59.75%) of your original investment.  If you simply chose to accumulate instead of reinvest your earnings (over a 366 day example) you actually make 114.301619216228% of your original investment (even without including your principal!!).

Here's a brief overview of my conclusions:

Starting with a daily payout percentage of 0.3=Daily compounding earns (-59.75%) of what you would earn by simply accumulating your mining payouts.

0.3=(-59.75%)
0.4=1.43%
0.5=37.34%
0.6=69%

To earn an equal or greater amount by compounding than you would with accumulation, you need to start with a minimum of 0.7% daily payout percentage.

0.7=103.45%
0.8=144.46%
0.9=196.04%
1=262.72%
1.1=350.37%
1.2=466.78%


Questions welcome!  This is a puzzle I've been trying to figure out since I first became interested in bitcoin!  Wink

It's not a puzzle, it's common sense. Doubling down on a good investment leaves you with more money, doubling down on a bad investment leaves you with less money.

If a miner will generate more coins than you pay to get it (or hashpower from a cloud mining site) getting more of them or more hashpower will leave you with more money than you started with. If it doesn't "reinvesting" will just lead to more bad investments and less money.
1554  Economy / Gambling / Re: OddsWorthBetting Premium Membership Picks on: August 03, 2015, 12:37:13 PM
Sounds great!  ;)I'll definitly pick this one out!
I'm creating an account and taking my chances with 1 month free membership!



why would you do that do someone that hasn't shown they are good at sports betting?

And hasn't explained how they will define the ROI for the "guarantee?"
1555  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 03, 2015, 12:04:29 AM
In other words, you're lying. It did not last for 6 hours on Paybase and you have no proof of it.

That chart I show you was not a single transaction: was a lot more and according to the Hashtalk.org forum at the time "More than $500K a second were burned at that time".

$500K a second = $100M in 3 minutes and half

That's were the CAF is gone.

6 hours duration was mine estimate.

Truth is that Paycoin was sold above $10.00 for more than a month between December 2014 and January 2015 (making us gaining more than 10x from our investment): I decided not to sell cause I have faith and I always go for the long run.

Long run didn't proof to be an economically viable way this time.


I have no interest in defending Mr. Scammer.

If there was something like that you would have seen massive arbitrage between Paybase and other exchanges. There was no such thing.

There was. I have no proof of that, but while you are losing time could you answer my question: do you think taking the piss on people is right?

If you believe they spent 100 million in 6 hours I have a bridge to sell you, send me a pm.
1556  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 02, 2015, 11:28:46 PM
Bitnow, a few words of advise;
“Never argue with an idiot. They will only bring you down to their level and beat you with experience.”

You're the best.
1557  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 02, 2015, 11:00:00 PM
Correct, because THEIR plan did not make sense

I didn't hear about them until the hashlet phase, but they made zero sense. Neither did anything about mining hashpoints and everything in the saga from there to paycoins to the honors program to coinstand to garza disappearing and the other geniuses taking over.

I have never seen one possible thing from anyone in this situation that would make sense for both of us, so I kept my money.

Well: caution is always useful especially in economy.

That's why I didn't lose more than what I was willing to invest.

That's why I didn't get scammed. I've lost faith in Mr. Scammer, I didn't lost faith in monetary system or economy.


This thread for me is about pissing off on people and I'm not sure that is right.

If you lost money on this, you got scammed. You can talk all this nonsense about faith, economy, nations, whatever. Josh told you he would buy your paycoins for $20, he didn't, now they are barely worth 3 cents. I want you to figure it out so you don't get scammed again, if you refuse, that's fine, but don't be surprised when you "lose faith" in the next scammer you run into, because if you still can't figure out that you were scammed in this super obvious scam, you are going to have scammers lining up to take more of your money.
1558  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 02, 2015, 10:50:32 PM

I hate to go back to the back to school line, but after you finish the 3rd grade math class to find out how the people paying $1 per coin would not generate enough cash to pay $20 for every coin, find a history/government class to look up the definition of nation.

It was a scam long before he left because he did not do any of the shit he said he was going to to.

So... that's why you never invested in Paycoin: cause you didn't trust GAW Corporation?

Correct, because THEIR plan did not make sense

I didn't hear about them until the hashlet phase, but they made zero sense. Neither did anything about mining hashpoints and everything in the saga from there to paycoins to the honors program to coinstand to garza disappearing and the other geniuses taking over.

I have never seen one possible thing from anyone in this situation that would make sense for both of us, so I kept my money.
1559  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 02, 2015, 10:43:44 PM

What does that have to do with the hyperflex blockchain and $100 million CAF being lies?

Money is Nation tool to make payments.

Nations are men.
"I will make you into a great nation,
    and I will bless you;"
- Gen 12:2
https://www.biblegateway.com/passage/?search=Genesis+12&version=NIV

Mr. Scammer tried to build his own Nation.

He's a scammer now cause he left.

FIAT money has the same philosophy of Paycoin: always inflationary monetary system and no coin limit.

"If you leave you are the scammer."

I hate to go back to the back to school line, but after you finish the 3rd grade math class to find out how the people paying $1 per coin would not generate enough cash to pay $20 for every coin, find a history/government class to look up the definition of nation.

It was a scam long before he left because he did not do any of the shit he said he was going to to.
1560  Economy / Service Discussion / Re: GAW / Josh Garza discussion Paycoin XPY CPIG BTCLend xpyerr.ALWAYS MAKE MONEY :) on: August 02, 2015, 10:30:58 PM

They did not do most of the things. They did not spend 100 million dollars buying every paycoin for $20. they did not do the honor program. They did not have never obsolete hashlets. They did not do coinstand. They did not have a hyperflex blockchain. They did not have orion controllers. They did not pay their electric bill.

Having the price for 20 for a small amount of time on 1 day was not the promise. The promise was buying all coins for $20 and orion controllers and a hyperflex blockchain and walmart and target and amazon and thousands of merchants.

I'm sorry, but if you can't see that, idiot and not making sense are the perfect words to describe you.

Hey: US had a secession war before becoming USA.

Does make this USA not a Nation?

What does that have to do with the hyperflex blockchain and $100 million CAF being lies?
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