You don't even have the excuse of a signature campaign for posting nonsense.
The 12.5% return means keeping his funds in fiat not Bitcoin.
 

I got this bit wrong. It appears they weren't even an exhibitor, although it's difficult to get info because our hero J. Ryan screwed up his flight and missed the whole thing. So he says. Hahahaha.

It's a shame if they didn't exhibit, they could have used their marketing genius to explain to the geeks like Ver how Bitcoin really works, with some handy graphix, essential aides for mining like "Generation Bonuses", "Infinity Overrides" and "Enrollment Tree Legs (not Binary Legs)".





BCN were:


http://insidebitcoins.com/seoul/2015/become-sponsor

It appears that the major event didn't exactly inspire sponsorship, out of ten possible ways to give the organizers money only four were taken up and there were only twelve exhibitors.
Did anyone go?

#ClubCon

---

Anyone remember BitcoinTrader.biz and their "Sponsored Road Trip around America" in a leased car with a sticker on the fender? Reminds me...

Gambling, in its classic sense, has odds which can be calculated by reference to the rules of the game.
All factors regarding your gamble are disclosed and you know that it's statistically likely that you will lose in the long term, if only because of house edge, but you bet because it's fun or because you think you'll be the One.

Mavrodi is an intelligent man, he knows he can't pitch a sustainable 100% increase per month scheme to people who have a basic grasp of finance.
He knows he can pitch it to two groups of people
Those who see the potential to jump in and out before it implodes
Those who want it to work because it's their quick road to riches.

He also knows that those in both groups will ignore any disclaimers.
Where or how he sleeps is unknown, probably upside down in a closet.

Cranking up the hype in Seoul, our fearless pumpers pose for a photo. Would you buy a used car from these guys?



Check out that MLM 101 text, let's parse it....

Immediately take the higher ground with a factoid which implies you're different. Not fake.
Buzzword usage. Good.
Not quite, there are two sponsors and BCN isn't either. They are listed as one of 36 exhibitors, nothing more. http://insidebitcoins.com/seoul/2015/sponsors
Good use of word 'major'. Ver is speaking too. Must be a must be there for every slimeball  networker in the industry.
Just like at the Auto Shows when you were a kid, right?
Another excellent misuse of a buzzword. They are crowdfunded like a pickpocket is crowdfunded.

How true, Another aspect of who you are is a bunch of professional con artists building a global scam.
"To the world": Just what the world needs. Also, get your denial in first.
Just lulz at this one.
Standard RahRah "exciting" speak. Everything is exciting in MLMland!Classic implication: if you don't give us your money, you don't care about your family.
Mustn't forget the link to pumping vids. (Misspelt). 'What, for referral commission?' "Hey man, no, I just want to help you."


The recent rise in the price of Bitcoin is helping a lot of scams, but it's a bit of a double edged sword when outgoings, i.e. commission and "mining earnings" are made in BTC, but income (sale of contracts) is denominated in fiat.
Or it would be if it wasn't for the fantasy factor.

#Clubcon

I think that if the donator amount was lowered to that sort of level then it could become attractive to high budget scammers going for a legitimacy play, despite any disclaimers that would be made. A browse thru the Foundation members list turns up some interesting names, as in "whatever happened to them".
I don't have the same depth of interest in where's the muneez as the OP, but if I were to consider donating, I think I'd like to know exactly to what entity I would be giving it which doesn't seem very clear at the moment.
It certainly seems to be an eye watering amount of money to spend on a forum but most of us here accept Theymos' autocracy as a fact.
I think I'd be a little pissed tho if I donated and then read a thread about the new BTC200 virtual water cooler that he's bought for the virtual office.

Above a certain level, that's probably true, but at the bottom of the pyramid most are firmly in denial, having drunk heavily of the Kool Aid.
On social media, the South African scheme for example, first time 'investors' are sharing their dreams of new furniture/cars/houses and attack anyone who queries it.
Among people who see little future for themselves and their families because of a corrupt financial system, Mavrodi's message is a genius piece of button pressing.

Yes, rammy we know what a HYIP is, VOD's already been here walking all over OP's rep with his big red boots. (Because another "ponzi" operator told him to  )

I'm not saying you'll live happily ever after if you put a little coin in this venture but, just occasionally, a proposal with high returns makes possible sense and I think this may be one.
OP may well vanish one day, may be playing a long con, who knows?
Invest only what you are etc. etc.

That's not really so.
One small Swiss specialist retail bank has said it will do so next year.
Central banks have been charging commercial banks negative rates for some time in Europe, to make them use QE money for the purpose intended, lending to stimulate economic activity, rather than keeping it on deposit to bolster their capital reserves.

Most people realize that baldly quoted high interest rates are meaningless.
The only time you will get more net fiat is when the interest rate received is higher than the real inflation rate. That doesn't happen very often, but if inflation was more negative than the negative borrowing rate, you'd end up with a 'profit' nonetheless.

Strange times: in the UK bank deposits pay dust, but TV ads for payday loans at 1000% apr are legion.

Because he's a libertarian and believes in Caveat Emptor, but mainly because the all important "legit" gambling lobby on here was moaning about this type of scheme being promoted in their sub forum.
I've watched it since it started and I think that the kids who go in there with their faucet dust burning a hole in their wallets have understood pretty quick what is real and what is not so, on balance, I think Investor based is a useful sub forum.
I'm not advocating wrapping people in cotton wool to insulate them from the big bad world, but calling out thieves and liars is a different matter.

This old bullshit again.
What court cases? Link or STFU.

"Many" people believe lots of things, so what?

Negative trust mean what it says, you don't trust them because you strongly believe they are scammers.
Scammer = thief.
People who knowingly run or shill for unsustainable "investment" schemes such as Ponzis, whether in fiat or crypto, are thieves and accomplices of thieves.
End of fucking story.

---

No it is not.
A Ponzi is a scheme which misrepresents its income in order to steal money from investors. Hundreds of millions of dollars are stolen every year worldwide by criminal gangs operating these schemes. They are most definitely not a fucking game.

If you're talking about the "last in loses" games that are played by people on BCT in Investors and Games, that's a completely different thing altogether.

---

Good for him, you deserve it, promoting that shit.
He strongly believes you are shilling for money by advertising a scam and doesn't trust you because of that, so why shouldn't he say so?
It doesn't matter if he's on DT1 or DT101.
Putting "Invest at your own risk" means nothing, apart from confirming that you realise it's a scam in the first place.

---

Two ninja edits, don't want to be accused of posting for my sig campaign.

One of the reasons you may have credibility is that you are associated with a manufacturer and are more likely to be actually mining than a cloud operation that doesn't have that link.
When you say "we", do you mean HashFlare on its own, or Hashflare and Hashcoin?
The 20nm chipped miners you mention, these are custom made only for you by Hashcoin, is that right?
You have been happy to provide photographs of your operation in the past, will you be updating them to show the new machines in operation?

You could apply the same criticism to your statements QS.
You may be able to say that your opinion is based on your experience of selling accounts and that, as far as you are aware, few of them have been used to scam with so far, but that's all.
One recent example I can immediately think of was Rikkie and Cloudthink https://bitcointalk.org/index.php?action=profile;u=168298 where a senior account was purchased to lend respectability to a scam. I would think there are others.

My personal opinion is that the old chestnut "If a senior member is broke and needs money, he can sell his account instead of turning scammer, so selling accounts is good" has no basis in fact whatsoever..

Apart from anything, why not abide by your own rules of "proof", instead of pulling fantasy stats out of your ass to support your argument?

But let's assume your >60% traffic stat is real, and that the majority of posters would not be here if there were no signature campaigns.
Well good fucking riddance then.

No signature campaigns=
>60% reduction in spam
less incentive to trade accounts
less incentive to farm accounts
less incentive to run alts

Trading accounts is a symptom, the cause is signature campaigns.

Re: the topic, he/she appears to be a tedious troll with some connection to the codishmumu troll.
Why they are here or what they hope to achieve is unclear, but they've joined my ever increasing *ignore* list.
I'd nuke them without a moment's hesitation if I had the nuke button.

Yes it is self explanatory, thanks.


Does this mean you using Uranus miners now? Simple question.

Most of the suggestions so far don't really fit the classic definition of "passive income"

"Passive income is an income received on a regular basis, with little effort required to maintain it."

Also implied in that is it should be low risk, classically like a real estate property purchase and rental, where the capital is not borrowed and the day to day adminstration is contracted out and priced into the overall costings, or a gilt edged stock investment.
Even an interest bearing bank deposit is passive income if the rate exceeds inflation.

There is no Bitcoinland equivalent because investment isn't the primary function of BTC, the only inflationary aspect of the system is the increase in value of the coin itself as and when adoption and use increases of a commodity in finite supply.

So, it could be said that the only passive income is hodling, although whether you consider that low risk is another matter.

Maybe it was the Grammar Police did it....

Yes, but hardly specific is it, just a vague statement.
What is this "more energy-efficient equipment"?
Are we to understand that Hashcoin are only building miners for Hashflare? They seem to have nothing on their site for general sale.

My TA take on it fwiw, is while higher lows continue so will the bull move attract buyers on a pullback to around 330, then a break of the recent high around 380 would be on the cards within a month.

Notwithstanding the macro point re personal assets you are making, the famous Greek swimming pool survey always makes me laugh

http://boingboing.net/2010/05/04/satellite-photos-cat.html