TL;DR for everyone reading: hashking didn't scam anyone out of their money, he just lied
So he "just lied" (for his own financial benefit) and lost your coins. If thats not a scam, I dont know what is. Definition of scam noun informal a dishonest scheme; a fraud: But if you want to continue discussing that, we better do it another thread, as for Starfish it doesnt really matter if its a scam or an accident, all that matter is that his debt (if any) will most likely never be repaid in full. |
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The BTC to USD appreciation has made the BTC valuation of the gear exceptionally low compared to what it was bought for. So I liquidate the gear, then what? Magically come up with the rest of the coins?
So you are insolvent. Thanks for confirming. No, I'm Illiquid. There's a difference. Indeed there is. Look up the meaning of the word insolvent. If liquidating your gear doesnt allow you to settle your debt, then you are insolvent. |
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sure they are in default, my father defaulted on a real life line of credit and declared bankraupcy, does that make him a scammer? I never said that. I said those people where in default and /or scammers. The difference to creditors isnt that big though. Hashking put his trust in usagi for insurance, AFAIK Hashking put the guaranteed deposits in to a pirate account all by himself and has admitted to that. and usagi is a complete toolbox. Cant disagree with that, its probably just a matter of time before he ends up on that list too. and credit ratings are as valuable as the person giving them out, they have no legal basis and I could give patrick a rating of AAA for his stellar service I've had with him, however he has no legal credentials or responsibilty to the public as would be the case of a professional acting in a professional capacity. What is a credit rating? Its an assessment of someone ability to repay his debt. Its not an assessment of how much you like a guy or how well he served you. Its not even about their past track record. To be fair, its very difficult to assess credit risks in bitcoin land with anonymous people and virtually anonymous coins. Thats why one shouldnt go lightly about giving highest possible credit ratings to people you dont know anything about, doing a business they wont tell you anything about, and that more often than not a 10 year old could identify as almost certain scams. The worst part about it is that the scammers will abuse you and feed you false information that you can not verify or that they wont let you verify. If you can not do the most basic verification of things like identify, RL financial situation, business model, assets of the business etc, then dont bother giving ratings or give them all F's, otherwise all you do it attract and promote scams and you give a negative incentive to honest people or businesses to disclose such information. Why settle for C when you get AAA by just lying or not disclosing? |
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The BTC to USD appreciation has made the BTC valuation of the gear exceptionally low compared to what it was bought for. So I liquidate the gear, then what? Magically come up with the rest of the coins?
So you are insolvent. Thanks for confirming. |
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I'm not insolvent nor a scammer.
Right. You are so solvent that you cant pay your debtors. Or if you prefer, so honest that you refuse to pay them even though you can. Instead you unilaterally decided to keep their coins and the investments that were made with them, so you can profit first if they pan out months from here, and screw everyone for good if they dont. Either way, if you owe money to patrick it seems rather likely patrick wont be seeing it back soon, if ever, so you firmly belong on that list. |
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I'm still not sure why hashking is considered a scammer, Because he lied about his deposit guarantee. He claimed it wasnt exposed to pirate debt while it was in fact invested in a BCST account. Offering "only" 2% per week instead of 7% in return for being "pirate-safe" while in reality investing that money in to pirate at 7% is a scam. hes paying people back as best he can, Are you saying he isnt in default? BTW, he is speaking of 3+ years and is paying from his mining revenue. How much do you think he will make from his mining farm in just 1 year? pirate doesn't even have a scammer tag right now He does. and kluge is also looking to find a way to pay everyone back Are you saying he isnt in default? , I don't know about the others but he gave them a credit report, Look m up. Mind you, those where just his top rated debtors. Makes you wonder about the others, no? that isn't a vouch in the slightest, hes stated this a few times. it is a vouch. Those rating have meaning. As he linked himself: AAA Extremely strong capacity to meet financial commitments. Highest Rating. AA Very strong capacity to meet financial commitments. A Strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances. Ziggy also prominently featured his AAA rating in his thread title, giving more false credibility to his scam. If those ratings are meaningless to assess risks, then dont publish them. |
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This should scare you if you still have coins tied up in this scam.
Translation: "I'm trying to scare everyone, I get a buzz out of it." The facts should be enough to scare you. How many of debtors Patrick in the past vouched for and/or lent to and/or invested in have recently been outed as scammers, insolvent or both? hasking Nckrazze Ineedausername imsaguy kluge (?) pirate Soon to be followed by: ziggystar (already in default, website went poof) RustyRyan Obsi Even if patrick is not a scammer himself, it seems highly unlikely starfish would be solvent if almost all of his A/AA/AAA rated customers and deposit takers are in default. |
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I mean if the hashpower of the market is at 75TH/s when you receive your Avalon, you'll have a ROI of 40 days.
We are now approaching 25TH while the network is doubling every ~4 months. If current growth were to continue, so without any asic effect, we would already be around 75TH by the time Avalon might ship (ok, Im ignoring effect of reward halving, but no one is going to shut down his FPGA let alone ASIC when rewards halve). We now know of 4 or 5 asic vendors that will build devices, logical consequence is a price war follow at the latest after the first wave of asics hit the market and difficulty goes in to 8, perhaps 9 digit numbers. I think 75TH will be much much much too low as estimate. BFL fpga->asic upgrades alone could account for ~100-200TH. |
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Exhibit A: https://bitcointalk.org/index.php?topic=37782.0;allits in German, but note the skype name given near the bottom of that post: If you have any questions on the service, don't hesitate to contact me. You can also contact me via: E-Mail ( ziggi_star@yahoo.com) ICQ (146513395) Skype:toteviper
PN or reply on this thread. toteviper is the same skypename that was used by Opschinken aka Slammer aka Crazy: Exhibit B: https://bitcointalk.org/index.php?topic=37782.0Note that "Slammer" already has received a scammer tag and this forum name was since abandoned. In that same thread someone freshly registered under the name of "Deadly" pretending to be the wife of Opschinken, posts to inform his creditors that Opschinken (ie, zigistar)... died. (And yet only 2 days after the alleged passing of her husband, (s)he seems more concerned with trading bitcoins and buying/selling GPUs than her husbands death). Zigistar ran an obvious ponzi "investment scheme" called mybitcointrade using mybitcointrade.com forum name: https://bitcointalk.org/index.php?topic=81357.0The site recently disappeared from the web when investors starting calling in their "guaranteed" deposits and the site is now allegedly bought by someone with the skype handle "viktor.nachajew", who will most likely be blamed for the collapse of the ponzi: https://bitcointalk.org/index.php?topic=81357.msg1199191#msg1199191I allege Zigistar=viktor.nachajew =mybitcointrade.com=Opschinken=Slammer=Crazy=Deadly=Viper=... If forum admins can check IP addresses for these users, it might help prove this, at least if he is dumb enough not to use tor or VPNs. |
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I am calling scammer.
Me too! Of course the (wannabee) scammer is you. |
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Why dont you set up a host of private IPs for your customers to use to process payments? I might be missing something, but let the criminal DDoS your public site all he wants, if he doesnt know the IPs your customers use, then the impact should be minimal, no?
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Its not impossible, but only if he manages to buy up most of his debt through sock puppets at a few cents on the dollar, and then "repays" himself in full.
Anyone selling Pirate debt should make a contract with the buyer that if pirate pays out, they are entitled to (say) 33% of the amount.
In that case, the buyer will only pay 67% Why not simply sell only 67% of the debt? That's just equivalent Yeah obviously its same thing, but Im not sure you can transfer 67% of a locked account. |
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Im not saying you are pirate. You might sell it back to Pirate or his proxy or agreed to settle for something higher than 2% but far below 100%. It all amounts to the same. As you said "I have my reasons", this could be one.
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Government is just a(n) (arguably poor) monopoly provider of these services. A requirement for an IPO or listing on anything above pink market should be designation of arbitration and insurance services providers. Of course as long as contracts are unenforcable, those "service providers" are just as suspectable to either being scammed or being scams themselves as any other bitcoin company, so this doesnt help at all. If you want to help grow bitcoin, the best and easiest way is simply spend bitcoins (and repurchase them). Investing is fine if there is something worthwhile investing in, but I just dont see it. I see almost nothing but mining assets and ponzi scams. Mining might be a real business, but you cant grow it, as its a zero sum game, it will always yield 50/25/.. BTC per 10 minutes. |
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Anyone selling his pirate debt should negotiate a non trivial % of the debt will be returned to him if indeed pirate "pays out".
Im putting that between quotes as I suspect pirate may be purchasing his own debt via proxies for a few % of its original value, so that he would be able to repay himself "in full".
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Its not impossible, but only if he manages to buy up most of his debt through sock puppets at a few cents on the dollar, and then "repays" himself in full.
Anyone selling Pirate debt should make a contract with the buyer that if pirate pays out, they are entitled to (say) 33% of the amount.
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If anyone wonders why he suddenly "sold" the site to "viktor nachajew " (someone completely unknown to google and with a blank Skype profile), its rather obvious his ponzi was collapsing and he will try to shift blame for the payouts that arent going to happen to this viktor guy. I did a little more digging for those that cant read german. The skypename pretty much proves Ziggy == Opschinken. Opshinken is also known as Slammed (aka Viper aka Crazy and safe to assume, aka his own widow, Deadly): https://bitcointalk.org/index.php?topic=27585.msg354016#msg354016Slammed has a scammer tag. Contact info from mybitcointrade saved here: https://bitcointalk.org/index.php?topic=37320.msg1198577#msg1198577Rene Engfer. Wakendorferstr. 36 24211 Preetz, SH Germany Mobil : 015144549378 That contact info may of course be completely fictitious (though AFAIK, under German law that by itself would be illegal). If so, to find his actual address, Xer0 might have it, though its a long time ago, he sent him a PCIe cable: https://bitcointalk.org/index.php?topic=25213.msg322447#msg322447 |
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wOOt. Now I have to make a tshirt with that hash  |
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your "translation" of the german board is right  Thanks for confirming! |
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Saw some interesting stuff in the german forum. My german isnt quite up to snuff, so someone correct me if Im wrong, but if you look in this post: https://bitcointalk.org/index.php?topic=78684.0You will see ziggy uses/used "toteviper" as Skypename. The same skypename also appears in this old thread: https://bitcointalk.org/index.php?topic=37782.0;allWhere someone claims to be scammed by "OPSCHINKEN/stammed/Viper/Skype:Toteviper" over a videocard. It gets better; If I understood correctly, later the alleged wife of OPSCHINKEN (ie, Ziggy) comes to the forum posting with the name "Deadly": https://bitcointalk.org/index.php?topic=37782.msg465942#msg465942Claiming her husband, ie Ziggy :drumroll: died.Yep, and his wife registered the next day with the name "deadly". Sounds legit. So Ziggy is dead. He died last year . Good luck to everyone who invested in this scam. Your coins should be safe, Patrick triple A rated it. |
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