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Well, how about having the national MS society post that bitcoin address on their website? Or some sort of confirmation from them AT ALL that you're legitimately collecting money on their behalf? Surely they must have given you guidelines on how to do this when you started collecting money for them?
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i have just bought all the outstanding shares in CoinReturn
stand by for our announcement in two weeks
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think for a minute
how could anyone possibly invest money so that it paid 9% a month
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Anyone who owned bitcoins could prove they own the bitcoins, wherever and however they were stored. This is a feature.
If proving he owns bitcoins is a security risk for Ken, then so is spending them. He needs to be able to handle that without exposing himself to a keylogger as a matter of daily business.
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how would anyone be able to tell though
i mean, if someone posted just "boobs", would that have enough information or not enough information to stay your forbidding hand?
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a pony speaking truth to power? well heck, now i've seen everything, except for a genuine and believable Jesus Christ
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Maged has been hitting the various Active Mining threads with a very heavy hand tonight, deleting dozens of posts, some of which carried actual information.
Is this valid?
Thanks.
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def. gettin moderated hard here, maybe i should just make a new account, like crumbs does
Or just freaking stay on topic, so I don't need to constantly delete your posts! Now, please keep to the topic of Active Mining. All right, here's the thing: Active mining is widely suspected to be a scam, and they have their own self-moderated thread where they obviously suppress dissenting opinions and trolls. This is the UNmoderated Active Mining thread where everyone's free to speak their minds. This thread has not had a problem with trolls. Please do not feel you need to moderate this thread unless a troll problem develops. |
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def. gettin moderated hard here, maybe i should just make a new account, like crumbs does
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Jesus christ, I don't even know where to start with this one
i know, i keep clicking this thread and thinking holy hell look at this trove of, uh, wait, what... and then i just close the window because to properly rag on this shit i would have to understand at least SOME of it OP, you have a mental illness, get treated, your life will improve a hundredfold |
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Seriously, even if Paypal's lawyers somehow failed to eat you and your little dog for breakfast if you ever tried to launch a service called PayBitcoinPal, that's a terrible name for a company.
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Things of substance that happened in the last year (in no particular order)... - Listing on Bitfunder
- Listing on BTCT
- eASIC announcement
- Move from BTCT to Bitfunder
- Close of Bitfunder
- VE being an asshole
- Partial financial reports
- Millions of USD being raised via preorders
- Partnering with People's ASIC
- Purchasing PA's 55nm FCIC design
- Taping out PA's 55nm FCIC
- Announcing the 28nm FCIC based on PA's 55nm FCIC design
- Cancelling the 55nm FCIC manufacturing
- Ken saying he was open to a third party audit
- Ken telling us that he would be giving a financial report for 2013
- Investors being really confused about why we won't have Q1 financials instead of 2013 financials
Just off the top of my head, of course. Point being, you're distracted from what actually matters at this point. The hint of the day is: It isn't a third party financial audit.Tune in next time for, "Kleeck answers a really, really, really stupid question!" By the way, your list of questions for Ken looks good!! But isn't the point of an external audit to establish which of these things actually happened? Except for a one-page NDA with eASIC and some photos of workbenches, there's no evidence for any of this. Would you trust a financial statement from Ken at this point? That said, it'd be silly for shareholders to pay for the audit out of pocket. The company should obviously pay for it. If it turns out Ken's all legit and above ground, the end result is the same. Does either the Belize or the US company employ an accounting firm, by the way? Surely they pay taxes, there's got to be payroll to take care of, etc. Such documents would go some way towards establishing that actual business has been conducted here and would help document things like those supposed millions in preorders. |
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DEATH CANNOT COME QUICKLY ENOUGH
LET US INGEST THESE "PACKS"
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well, the very first thing I'd do is stop sending more and more identity-theft-enabling information to the exchange, right?
then I'd contact them via registered mail and inquire as to what the hell was fucking up with their shit, except of course couching the expletives, as we literates often do
after that, well, lawyers, ah s'pose!
but if it's a scam, it's going to be built around having ten thousand people go missing a couple of hundred, rather than one person go missing two billion, so lawyers are going to be basically useless.
this is bitcoin! do not invest!
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What do you mean by "pledging" 60% of income on investment? Do you mean you would distribute 60% of mining income (or profit?) as dividends, keeping 40% for yourself? And does "pledge" mean "pinkie swear" or "guarantee with collateral held in escrow" or something in between?
The mining operation may have annual income bigger than 100% if new equipment is purchased to keep against the race of constant difficulty increase of BTC. 60% means guaranteed return after paid all expenses to maintain and replace equipment, administrative costs, electrical bill, taxes, equipment colocation rent, insurance, fire alarm, etc. By pledge I mean promise it is not guaranteed by escrow, just like most if not all companies listed on Cryptostock or Havelock and beyond are not guaranteed by any escrow. Did in the past or does in the present Microsoft guarantee its ROI by escrow? I am sure you know the answer. The investment is risk just like any other investment, all companies that start are new to the market and some of these new companies are scammers, but it doesn't mean that all companies are trying to scam people off their money. New company has no means to secure escrow, just initial investment on equipment is large enough to bear it on our own shoulders and to expand rapidly mining operations from income generated by mining is not possible, because this is slow process due to rapid BTC difficulty change. If we could expand ourselves without external funds we would love to do it that way, to avoid bearing additional responsibilities, but in the real world this is not an option. I'm reading "60% means guaranteed return after paid blah blah" as you're planning to pay 60% of net profit after all your expenses, and "pledge" means pinkie swear with double retard twist, and guaranteed means fucking monkeys will fly out of my goddamn ass before I ever see any of the money. But please correct me if I'm wrong. I welcome you to invest 7300$ plus 2200$ on pre-order, then setting it up, then worrying about BTC price fluctuations, raising of difficulty from 1.8G to 3.8G from moment you ordered everything until today and Scrypt coin block reward halving like happened to DOGE, but price falling to the same level as it was before halving occur, then list your poll here and read comments to forget about any IPO as it has already been pain in the ... to start this business and investing everything we had, now what we miss is more complains about something that we didnt ask money for yet. Read Cryptostocks projects, their ROI and tell me if they pay at least 30% a year? You will be disappointed, because most IPO don't pay even 10% a year, but money they collected from their shares is tenfold of what they really invested compared to what they really paid back to investors. We offered justified business taking only operational costs and described everything in complete details and as result we will get nothing compared to those who shared nothing and paid small fraction of what was supposed to be paid. Maybe the real answer is: don't list IPO, do it on your own, collect money from your own work and laugh at those who wanted you to work for them free, but got nothing for their ignorance. I'm not dissing your effort, I'm just commenting on offer. You've already shown that when you say "guarantee" it means fuck all. And yeah, definitely the only reason you'd want to do an IPO at this stage is if you wanted to commit a bitcoin crime. If you were legit, you'd just get a legit loan at a far, far better rate than 60% per annum. |
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I would definitely request some financial statements if I were a shareholder. In the article, Ken states he has four employees, all family members, working for this company. Some time back when this was brought up, zumzero thought it was great, because it meant this is a family business and Ken's family would therefore work long hours for very low pay. We should check if he was correct.
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What do you mean by "pledging" 60% of income on investment? Do you mean you would distribute 60% of mining income (or profit?) as dividends, keeping 40% for yourself? And does "pledge" mean "pinkie swear" or "guarantee with collateral held in escrow" or something in between?
The mining operation may have annual income bigger than 100% if new equipment is purchased to keep against the race of constant difficulty increase of BTC. 60% means guaranteed return after paid all expenses to maintain and replace equipment, administrative costs, electrical bill, taxes, equipment colocation rent, insurance, fire alarm, etc. By pledge I mean promise it is not guaranteed by escrow, just like most if not all companies listed on Cryptostock or Havelock and beyond are not guaranteed by any escrow. Did in the past or does in the present Microsoft guarantee its ROI by escrow? I am sure you know the answer. The investment is risk just like any other investment, all companies that start are new to the market and some of these new companies are scammers, but it doesn't mean that all companies are trying to scam people off their money. New company has no means to secure escrow, just initial investment on equipment is large enough to bear it on our own shoulders and to expand rapidly mining operations from income generated by mining is not possible, because this is slow process due to rapid BTC difficulty change. If we could expand ourselves without external funds we would love to do it that way, to avoid bearing additional responsibilities, but in the real world this is not an option. I'm reading "60% means guaranteed return after paid blah blah" as you're planning to pay 60% of net profit after all your expenses, and "pledge" means pinkie swear with double retard twist, and guaranteed means fucking monkeys will fly out of my goddamn ass before I ever see any of the money. But please correct me if I'm wrong. |
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Wait, you invested in a Ponzi scheme knowing full well what it was because, since you are obviously smarter and better informed than all the other suckers investing in the same Ponzi scheme, you believed you could pull out just in time, taking with you all their sweet, sweet sucker money. Only it turned out that the scammer outwitted ALL the suckers including you. So now you're here posting a warning about the evil of, not Ponzi schemes in general, but this Ponzi scheme in particular.
Only in bitcoin, isweartogod...
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What do you mean by "pledging" 60% of income on investment? Do you mean you would distribute 60% of mining income (or profit?) as dividends, keeping 40% for yourself? And does "pledge" mean "pinkie swear" or "guarantee with collateral held in escrow" or something in between?
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