I don't know, what do you think would happen if a terrorist attack was funded by USD?
USD's already regulated to death (there's almost nothing further which could be done except to nationalize the banks and/or obsolete physical cash) and accepted in culture. Talking about terrorists using USD would get a journalist fired for being dumb/boring. Bitcoin, OTOH, is fresh and all set to be stomped on by bureaucrats. This makes it a sensational (synonym for newsworthy, here) topic. |
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Has anyone lost money yet? If not, then why not?
I have lost a couple. As the owner stated this isn't risk free. The investment itself is risk free (neither of you hyphenate "risk-free"?) |
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There's nothing supporting speculation that Gox is bankrupt or otherwise out of fiat. It more likely can't transfer fiat because they're either unwilling or unable to work with the conventional banking structures to push out the volume they need.
Not being able to send out fiat (particularly bad with USD), volume is obviously dropping, because even though the price is higher, what good is GoxUSD if you can't redeem it for real USD?
Gox is dying (really, 0% chance of ever recovering the majority exchange market share - so "dead" might be appropriate), but I don't see anything suggesting there will be some type of destructive implosion (outside a severe lack of urgency @ Gox to resolve this).
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(unfortunately, I misplaced a check senbon sent over at one point -- it's worth a fair bit now lol) How much are these worth roughly? I have one or two, just hope they're in good condition! It was pre-loaded. |
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When you lend money, the interest you charge covers the "cost of doing business." (
Which includes the probability those that you lend to will default.
Let's just say that 9 out 10 loans from those who have under 30 posts default.
If you loan 0.01 BTC to those 10 people, you would have to loaned 0.1 BTC.
You theorize you will lose .09 BTC when you loan to this group.
100% Interest = .02 (.08 loss)
500% Interest = .05 (.05 loss)
1000% Interest = .10 (break even)
You would have to >1000% for this group to be profitable
If someone is willing to pay 1000% interest they have a practical 0% chance of repaying. That may explain why practically 0% of those loan requests are fulfilled anymore. Shit, guys, this is really turning into a productive brainstorming session! Okay, so now we know why people charge interest for loans, and why ultra-high-risk loan requests are turned down. Maybe next, we can figure out why people eat. To poop?  |
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Generally, he takes BTC from buyer first, then you would send pak to the buyer. Buyer confirms it works, and John or whoever'd send you the BTC.
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People charge interest to earn interest. Got it. Thanks for the new thread to share your epiphany.
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Sounds like you are bluffing to get a pump-n-dump opportunity.
I'm too tired to even imagine how that'd be possible. I make a bet it's a ponzi (knowing it isn't), then sell my stake in the bet when it's gone on a long time paying out? Or I am CasinoBit and I keep doubling and tripling investments within an unreasonable span of time where nobody loses (~2.5mo, I guess), then buy up all discounted stakes on it being a ponzi, then shut down the site and head to Panama? |
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What proof do you have of it being a ponzi? PM me so I can put it in my Ongoing Scams Thread where Casinobit is currently listed as trusted.
If there were hard evidence, there'd be no space for betting.  So there is no evidence what-so-ever? Just speculations/assumptions? Yep! Wanna take me up? |
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What proof do you have of it being a ponzi? PM me so I can put it in my Ongoing Scams Thread where Casinobit is currently listed as trusted.
If there were hard evidence, there'd be no space for betting. |
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Originally, there was the Islamic Bank of Bitcoin offering 0% loans https://bitcointalk.org/index.php?topic=21732.0IIRC, just the loans (senbon was doing investing in actual projects with funds, too) were profitable from tips. I doubt it could still work given the current state of the forum and users in general, but I guess a new guy took up the reigns. (unfortunately, I misplaced a check senbon sent over at one point -- it's worth a fair bit now lol) |
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I'll put another BTC10 on ponzi, same terms outlined in OP.... John for escrow. (winner pays fee)
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CUs/banks here have been shutting off the option to send international wires. Guess it's more hassle in complaints, AML horseshit, and fraud than's worth for them... but it makes life a good bit more difficult.
The one time I did send an international wire with a local CU (they've since revoked the option), it was quite an adventure for both the teller and myself, and she was very nosy, I'd hope because she was worried I might be sending money to a Nigerian prince. You never know with the BSA, though.
Speaking of which -- how can a financial institution comply with a Bank SECRECY Act and expect trust? Bah. "Yeah, we might be monitoring you, filing reports behind your back and consciously thinking about how to defraud you -- but trust us - we're a bank!" I don't think terrorists ever imagined how damaging the 9/11 attack would be on Americans.
... What were we talking about?
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Is it like the Peace Corps? |
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Someone told me to pass along the message that the IP 66.168.20.180 will be suffering from a DDoS soon  Jesus, that guy plays a lot of dice. ETA @ deleted post: lol, yeah - I bet you just RELAYED them. |
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Idunno. 20% increase per two weeks for 10 weeks, 10% increase per two weeks for 10 weeks, 5% increase per two weeks until Q2 2014 (call it June 16th)...
So... 43.42 wks -- we'll say 42 weeks and diff is currently 60M. 124.4M diff ~10wk in (~Oct 25), 200.37M diff ~20wk in (~Jan 3), then ~22 wks to June 16.
June 16, 2014 diff guesstimate: 342.7M
ETA: Oh, you wanted Q2 end. Let's just call it an even 350M, then.
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