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I solved the paranoia thing doing much redundant encrypted wallet backups, with a not-dictionary password that I use daily from several years. In case my fortune will increase significantly I'll subdivide it among several wallets.
But I think the major BTC drawback is the 10 minutes thing to get safe tx: too much. That is a reason why I am expecting that some faster alt.coin like Terracoins could soon become a serious competitor. Another reason is that alt.coins are much more rewarding to latecomer miners -and for every miner post-ASICs.
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Is this part of the financing of the BFL scam incidentally?
Most probably yes. So that's another case of nth-degree scam, or pyramidal scam. |
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I'll be happy that I have a decent place to put my savings, instead of the overpriced stock market and 0% return bonds.
If I were you I would not put most of my savings in Bitcoins. What if a better coin (e.g. Terracoins) comes around? Also, if I were a latecomer I would probably be already mining some alt coin (I will anyway post-ASICs). |
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I came, I saw, and I installed the client:
12cye5Upd9zSnqt8wGn1q1dRoYbE7DfzsS
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Do you have same feeling?
Yes, but then I think that 99.99% of the world population has no Bitcoins at all and I feel richer. Anyway at some point there must be a dump. Now they seem overbought. Just try to pick the bottom. |
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I think the remaining 15% should get an extra share for each share for their missing dividends.
I might accept such proposal combined with an immediate start of dividend payments (or with further extra shares in case of further delay) |
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If I understand it correct, amazingrando only paid 85% of its Investors. Thats probably the reason I did not recieved any outstanding dividends  In that case: SCAMMER TAG the bastard! No, it's worse: he says that he (over)paid a small group of his investors who own 85% of the bonds. Problem is that he OVERpaid them, since the dividend payments should be equal for all on a per bond basis, and he paid nothing to the other bond owners. |
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Bitbond was one major mining bond on the GLBSE run by amazingrando. He received the owner list from Nefario in November 2012 and relisted the asset on https://cryptostocks.com/securities/29. In december amazingrando told to the bondholders that he violated the original contract below paying all the accrued dividends to a few of the biggest bondholders, due to some secret clause betweeen him and them: ...
Regarding dividends for the period between GLBSE closure and now, the plan is still evolving. The vast majority of bonds (85%) are held by a small group of investors. Their buy-in of bonds came with additional requirements and legal contracts that have required that I pay their payouts before other parties. They have been paid all coupon payments going back to the GLBSE closure.
For those of you who constitute the remaining 15%, the earnings from GLBSE closure is not lost. I am working on a plan that will give you a few options including payouts, buyback, and ASIC upgrade. I hope to share details of that this weekend.
original contract below: Relaunched on Cryptostocks!Bitbond ( Cryptostocks ticker BITBOND) is a perpetual mining bond where you can buy mining power and receive weekly mining payouts, without buying and maintaining expensive hardware. Payouts will continue indefinitely. Bond features- A total of 200Gh/s offered in 2Mh/s increments
- Weekly payouts are 105% of PPS
- PPS means no variance
- Perpetual - no expiration date
- Buyback provision at 110% of 15 day Cryptostocks average
Benefits over other bonds- 105% PPS means more bitcoins - a bigger payout and more coins before difficulty increases
- Positive ROI several weeks quicker - up to 13 weeks sooner
- Higher buyback provision - get paid more if I buy back the bonds
FAQWhen would payouts begin?Payouts started on 4/8/2012 See the post after this for payout history How long will it take to start mining?Mining started on Saturday 4/7 at 2 PM. It is a subset of my mining hash power currently on maxbtc.comWhat is your hardware setup?I exclusively run GPUs for mining due to my low power costs. I may offer further bonds in the future with FPGA hardware if the economics are right and the FPGA vendor can deliver when I need it Why/how 105% PPS?First, I will be doing merged mining so those coins will be used to increase the pay per share. Also, I would like to offer a good value for each bondholder. The extra 5% will add up over the weeks, months, years. If reinvested it will greatly accelerate ROI compared to 100% PPS options. What if you have technical issues/downtime?I have more than 210 Gh/s operating with a total capacity beyond 300 Gh/s. Should there be any downtime, I will contribute hashes from my personal farm to ensure the full dividend is paid each week. Up to now none of the small investors received any dividend payment since the GLBSE closure, while amazingrando is keeping mining with the hardware they bought him (now >150 Ghs on Bitminter alone). I think it is the case for a big scammer tag. What do you think? |
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I think it was ok to buy the ASIC using our dividends as long the ASIC is for Us, without ASIC this bond will be unprofitable in the future. Just my 2 cents  No way, if it was not stated in the contract that he would not pay dividends to pay the ASICs. If he wants to do this, he could do it with whom wants to go along with it, and keep following the original contract with the others. Anyway it seems that he's just run away with the coins. Anyone who volunteers to open a scam accusation thread? (I already opened several ones for Gigamining, YABMC and FPGAMINING) |
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The Internet Is Being Slaughtered in the Back RoomLew Rockwell January 14, 2013 – by Paul Rosenberg http://lewrockwell.com/orig11/rosenberg-p10.1.htmlSo, the people at the top of the BGPSEC pyramid will be able to shut down a whole country or a single troublemaker, as they wish. They can also spy on anyone they wish to, and prevent anyone from spying on them.
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If you have any other questions feel free to ask.
Is the Mhs/share going to rise once you get delivery of your orders? |
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Hey amazingrando: the time to pay up is last year.
Do something now or this thread is going to end in scam accusations soon
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Thanks to that tip from conspirosphere.tk I am now running at a steady ( ouch ) 79°C - 80°C
Are you keeping your rig open (without side panel)? That is mandatory for miners. My 58XX radeons are mining @64-65° C downvolted at 0,960v, core 800 (5830) -850 (5870), mem @300, fan @40% |
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downvolt = more efficiency, less heat, less noise.
problem solved
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So we'll get to know the market price of these turds.
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I vote for listing on bitfunder.
Even if the difficulty rises much post-Asics, btc price could rise much too, so even a coupla hundreds of shares/Mhs would still amount to somewhat significantly more than zero.
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I'd suggest first port of call for anyone getting screwed like this (being asked to incur costs greater than the contractual benefit) would be whatever fair-trading / consumer protection bodies there are in the US.
If I were based in the US I would probably just have contacted the cops. Since I am not, I found this: https://www.ftccomplaintassistant.gov/FTC_Wizard.aspx?Lang=enwhere I am going to spill the beans. à la guerre comme à la guerre |
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