Yeah, SD is outright illegal in most countries and he totally knows it.
Plus that's profiting from the weaknesses and addictions of people.
But karma's a bitch.
Frankly, I think governments monopolizing gambling is a terrible idea, in that sense I dont have a problem with SD. If anything its arguably more honest than any legal gambling. But that doesnt change the fact it is indeed almost certainly illegal and evoorhees trying to IPO it for a fortune without even mentioning this or while pretending its not illegal, is rather troublesome. |
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I have no idea. But thats one good looking processor  |
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I dont live in the UK either, and I am about the last person to start a venture like this.
But if the problem is merely one of IPs, then a VPS or UK based proxy should take care of that, no?
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Fascism can mean many things, there is no generally accepted definition. FWIW, I like how Umberto Eco's characterizes ur-fascism. Read the below list of properties, and then think how many of them apply to your current society. It might be more "fascist" than you thought: "The Cult of Tradition", combining cultural syncretism with a rejection of modernism (often disguised as a rejection of capitalism).
"The Cult of Action for Action's Sake", which dictates that action is of value in itself, and should be taken without intellectual reflection. This, says Eco, is connected with anti-intellectualism and irrationalism, and often manifests in attacks on modern culture and science.
"Disagreement Is Treason" - fascism devalues intellectual discourse and critical reasoning as barriers to action.
"Fear of Difference", which fascism seeks to exploit and exacerbate, often in the form of racism or an appeal against foreigners and immigrants.
"Appeal to a Frustrated Middle Class", fearing economic pressure from the demands and aspirations of lower social groups.
"Obsession with a Plot" and the hyping-up of an enemy threat. This often involves an appeal to xenophobia or the identification of an internal security threat. He cites Pat Robertson's book The New World Order as a prominent example of a plot obsession.
"Pacifism Is Trafficking with the Enemy" because "Life is Permanent Warfare" - there must always be an enemy to fight.
"Contempt for the Weak" - although a fascist society is elitist, everybody in the society is educated to become a hero.
"Selective Populism" - the People have a common will, which is not delegated but interpreted by a leader. This may involve doubt being cast upon a democratic institution, because "it no longer represents the Voice of the People".
"Newspeak" - fascism employs and promotes an impoverished vocabulary in order to limit critical reasoning. http://en.wikipedia.org/wiki/Definitions_of_fascism#Umberto_EcoAnother definition is this by Franklin D Roosevelt: The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism — ownership of government by an individual, by a group, or by any other controlling private power |
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You should quote all valid bets so far. This forum lets you edit your posts.
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5 BTC
19bQjyrNoYwdeazdFMi5g7c8GPaHUKUiy4
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Now that Pirateat40 closed down his operatations thanks to all the fud that was going on and growing on the forum, I expect everyone that spreads this fud, accused and insulted Pirate and the people that supported him to apologize.
Not only did Pirate brought us a great opportunity for investors (once in a lifetime actually), he did help stabilise and grow steadily bitcoin price, volume exchange, and thus contributed to the success of bitcoin. For that, Pirate, I want to thank you. You've done a wonderful work, and I hope you're stay around here.
Now, apologies on.
Regardless of the outcome, I dont think anyone owes an apology for pointing out that a semi anonymous forum poster paying out >3000% interest per year based on an undisclosed and rather miraculous business plan is probably a ponzi. That its a legitimate business is possible, just like its possible that 10-post newbie in the lending section really crashed his car, needs 1000BTC and will actually pay it back in 6 months with 100% interest. But you wouldnt just assume that, or would you? If anyone called that an almost certain scam, you wouldnt demand proof or apologies, or would you? The onus to disprove the assumption such a venture is a scam is firmly on the person requesting the loan. Particularly if you are going to hold millions of dollars of other people's money, the burden of proof of legitimacy is upon that person, and not on anyone pointing out the obvious. Failure to provide any such proof should automatically lead to the assumption its a scam. Assumptions are not facts. So what proof do we have Pirate scheme is legit? Pirate chose not to reveal his identity, nor his business model, nor give any other guarantees that he can fullfill his obligations.. No credible explanation for how he could generate those returns has been put forward. In the lending forum most people generally demand far more proof, verification, IDs etc to lend just 10BTC while pirate lend 100s of 1000s of BTC. Think about it. So unless you know something I dont, we have zero evidence its not a ponzi, while it has all the hallmarks of a ponzi, and therefore the only sensible thing to do is assume it is indeed a ponzi. Could that assumption be proven wrong? Sure, but we are all waiting for that proof to be paid out. Now, Id like you all to recall the thread about bitcoinica were paraipan filed a police report to force Zhou Tong to publish his identity and/or the legal entity that ran Bitcoinica: https://bitcointalk.org/index.php?topic=64176.0The forum lynched him over that action, Zhou Tong was considered a saint that no one had the right to doubt, yadayada, go read it. But what paraipan did was a pretty sensible thing to do: If you are going to give a semi anonymous forum poster 100s of thousands of your coins or dollar, you at least want to know who to sue if it goes wrong. Because it can, and did go very wrong, just like mybitcoin went very wrong and who knows how many other schemes. Everyone with a vested interest in bitcoin lost because of those, just like we will lose if pirate's scheme turns out to be a scam, even those people who didnt invest in it. So no, I wont apologize to anyone for using common sense and protecting my interests. I will however, gladly and genuinely congratulate Pirate if he manages to pay off his debt. |
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It doesnt work that way. Sure, if you have 500K btc you can crash the price, easily. But you can not buy back 500K btc later without sending the price in to the stratosphere.
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Seems likely, particularly since withdrawals from that address reflect some of his known activity. Seems like BS&T may be even larger than we thought - Pirate said it was "Over 500k"... Also, one of the BS&T addresses is still collecting mined coins from GPUMAX as we speak: https://blockchain.info/address/1PSf86KnLuzM7Ris5kDhTEZwooR3p2iyfVHow do you know they are from gpumax? So, some of the BS&T coins getting cleaned? I imaging public work on gpumax is paying quite well at this moment... gpumax is indeed going full blast, which it hadnt for ages. The price isnt particularly high though, same as usual. And if its to clean coins, there is only so much you can clean. Not sure about its hashrate, but its probably good for less than 1000BTC per day. |
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If those addresses are Pirate, wouldn't that imply that Pirate is a ponzi? He's been hoarding that but until the last couple days it's just been sitting there. How would he generate 7% returns with 500k doing nothing?
My thoughts exactly. Moreover a substantial portion of those funds moving out now and presumably crashing the market also points in that same direction. Pirate owes a ton of BTC, if anything you might expect him to be buying, not selling. Guess we will know in a few days. |
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LOL, so when I get my BTC back next week what will be your theory then - a ponzi that made people money, paid everyone back and then closed? I dont have one; and no one so far has formulated a credible one. But whatever it is or is not, certainly wouldnt have to involve "psyops to descredit bitcoin". I do know that if it turns out to be a ponzi where millions of dollars go up in smoke, that will make the press and do infinitely more damage to bitcoins reputation than some forums posts warning about a ponzi that turned out not to be one.. |
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Personally I feel that Pirate will pay back every last BTC. I just joined the forum back in April and it seemed that everyone was one big happy family at first and then all of a sudden the FUD against Pirate absolutely exploded to the point where it seems people are spending their entire day on this forum warning others about the dangers of the "Pirate Ponzi". Think about it - why are people devoting so much of their time and energy worrying about other people's money for absolutely nothing in return? The only explanation I can think of is that this is some sort of psyops that was put into action to try to discredit Bitcoin and contain its rise.
Lol? So you think its more likely the "psyops" would consist of people warning of the danger that some semi anonymous guy with an inexplicable business model paying >3000% interest per year on a sum thats in the millions of dollars is likely a ponzi? How on earth does that discredit bitcoin ? If you are going to be delusionally paranoid that a psyops is somehow involved to "discredit bitcoin", wouldnt it make 100x more sense to actually set up a large scale ponzi? |
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Then I dont understand the algorithm for "pool hoping." These programs are somehow determine which block short and which a long
No, they dont. Pool hoppers determine how long a round has been active, ie, how many shares were found since it started. So they "predict" the past, not the future. The algorithm to predict the future is still under development  . |
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Why does bitcoin-qt show transaction time stamps as the time it received/processed the block rather than the time the transaction happened?
Now if you turn your PC off for the weekend, and back on monday, all transaction that occurred over the weekend will seem to have occured on monday morning around 8 am :S I would so much rather see when the transaction actually took place, even if its just an estimate.
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Jeremy, You mentioned problems in the US. Is there any chance you will reenable amazon.uk vouchers? Pretty please ? |
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0.15 is 4% of 1? notsureifserious.jpg
If you're going to troll, you're going to have to work harder than this.
0.15?? Who is offering 0.15? Are you? You can buy my shares for 0.15! On GLSBE the highest bid right now is 0.015. Did you miss that zero? |
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EskimoBob seems to have been AFK for an entire week and missed out on the ASICMINER IPO at 30mh for 0.10 (or 0.03 a mh). Lets catch him up, shall we?
If you value mh at lowest ask (which is what I do and most everyone else does due to highest bid not being reliable due to the giant spreads and bids often being wiped out by large panic sales), EVERYONE who had fixed mh or non-upgrading assets lost value 5x overnight. You really make me want to scream. This obsession of you to represent everything as a fixed MH mining bond is getting really FUCKING TIRESOME, particularly since it has costed your investors thousands of BTC. News flash: Asicminer is NOT a bond. It doesnt represent any fixed MH rating. Neither do half your other holdings btw. ASIC miner is a high risk share. It may very well yield zero if their chip is dysfunctional. It may very well yield close to zero if they are way behind BFL. It may perhaps yield a tidy sum of money if they are indeed the first company to have an ASIC for long enough. Its a gamble, its but ITS NOT A BOND and that 30MH is completely meaningless number you pulled out of your arse. Now did fixed MH mining bonds price collapse? Of course they did. Everyone told you they would. Its not just asicminer, it not just BFLs announcement that caused it, its always been blatantly obvious to anyone with a brain. However, mining bonds havent lost their value like your shareprice has. When you look at the biggest bonds on GLSBE they have "only" lost ~30-40% of their value. You have managed to lose 96%. So whats your other excuse? If we're valuing mh at 0.03, and on the 19th (after Obsi pays me my last OBSI.1MHS dividend and I trade him for OBSI.ABMO) DMC will be 5mh/share, DMC is, by that calculation, worth at least 0.15 a share. I think by now, we know what your calculations are worth. FWIW, OBSI.ABMO is a company share, not a fixed MHs mining bond. And its a share in a bunch of soon to be obsolete FPGAs. From BFL no less lol. by eating dividends. I wonder if other shareholders also think you should be eating something else. |
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Halving block reward will decrease the ask on market.
Actually, no. As long as there is a block reward, the amount of bitcoins will increase and thus ask will increase. At a slower pace than today, but its still a tangible increase. Whether or not bids will keep pace with this increase is what will determine future pricing. |
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Very few (less than 100) of these shares were ever purchased at 1 BTC. Most were traded for.
Traded for what exactly? Remember, you yourself still value those shares at 1 BTC each, you recommended people buy more of your shares when they were trading for 0.5BTC; so surely you didnt trade them for something worth only 1/10th of that. So what did shareholders get in return for all the unsold shares you handed out ? Also you never responded to this simple question: how much is in your "growth fund" ? |
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