Pyramining - Is it really worth it?
Can it generate mass ROI?
Any success stories?
Can pyramining make you money?
It's a Ponzi. |
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Thats not the only reason people were selling. Personally I decided to sell after nefario unilaterally deciding to screw asset issuers by booting them off glbse. Before he did that I was quite willing to become a legal registered shareholder and I believe the IRC logs of bitcoinglobal bear this out. I think the better option would have been to keep the current glbse site but run it underground and start a new, legal company to begin the process of setting up a compliant entity and I said this numerous times to people involved. Im not responsible for the actions of anyone else in the partnership. Just as Im not responsible for paying their tax  I like you people. IF you decided to sell after Nefario decided to give people the boot this would prove you knew at the time you were selling, which is the time theymos claimed to be selling, which is before Nefario actually gave people the boot, which is something theymos claimed not knowing anything about. So which one of you two is the liar? |
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Just say I created a p2p game where the idea is to use your pc to mine tokens and trade them amongst other players in a virtual exchange. The tokens would not be redeemable for cash and a disclaimer would say they are not real money. If two people trade them for dollars its not the fault of the game creator much like you can sell wow gold on ebay. In the same vein if a virtual stock exchange was created issuing stocks in virtual companies and it used the game tokens its not a security, even if later on two people trade those tokens for something of value. Any resemblance to bitcoin is purely coincidental  Yes fuckwit. Just say you read the source next time. |
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I really and truly hope you're, right, MPOE.
But I would give 4-to-1 odds that the US justice system will disagree, and my advice to anybody thinking of raising funds via an unregulated IPO would be "don't do it unless you want to do it as a protest against our broken system and are willing to face the likely consequences."
I'll cheer you from the sidelines, but I'm either not stupid enough or not brave enough to go up against the SEC.
Can certainly appreciate that position. |
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On September 24th theymos falsely announced that he was selling a package of 23% of Bitcoin Global stock. At the time the company was solvent and operational. Asking price was ~5k BTC for the entire block, with the caveat new shareholders would have to be approved by current shareholders. Also on September the 24th theymos declared in support of this sale that the SEC is not investigating GLBSE and further that he personally thinks the SEC emails are fake (they are not, have been in fact verified by multiple trusted members of the community, including by calling the signatory at his phone number as published on the SEC website).
On September 25th Nefario,
...
Did you try to purchase part of GLBSE? Not since May. |
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Get ready for it kids, bitcoin is going down the path of specialized criminal enterprise so fast it outstrips belief. The next big disaster is already out there- BFL's and the massive pre-order, that will end up getting the royal shaft in about 30 days.
Ya think?! |
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What the hell is going on? Are people actually being brain-washed by this?
What is happening is that the few adults around are shocked and appalled at the horror of this, whereas the general clueless population fails to see the problem through lack of exposure to the real world and its workings. |
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How is this false? Was he not really offering the shares for sale?
They were not really his. The simple test to distinguish fraudulent behaviour from innocent behaviour is this: should the situation have been explained correctly rather than as it was explained, would the market position of the proponent have been weaker? In point of fact the silent parties only hid behind theymos because they imagined they will be accruing some benefit from this. So, yes, fraudulent. He also disclosed his position as Treasurer right in the OP.
No, he merely said that "he does not want to be listed, especially not as treasurer". You might judge this as sufficient, obviously. Further, the quote you cite does not support your general position. Talk of big businesses buying in and vague privacy concerns does not adequately convey the situation. |
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In my book, no one with an orange ignore button gets to suggest a scammer tag for someone else - the community has spoken about how seriously the OP should be taken.
This is not a matter of trying to build a clique. Get your head out of that ass. Things are what they are, this isn't a popularity contest. |
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The reason theymos & the other shareholders were selling their share was because Nefario was about to make the GLBSE compliant with the SEC, and those shareholders were not in favour of this move.
Obviously things went wrong when Nefario started the process to get the GLBSE regulated, which is why its now offline etc etc.
I don't see how this warrants a scammer tag.
They conveniently omitted to say "hey, I'm selling these shares into this company which I firmly believe is going to shit." |
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The question is should all owners of a suddenly shut down biz with no announced good reason where customers had their funds withheld from them get a scammer tag?
I say yes. Only if people are made whole should it not be applied.
Saying nefario holds all responsibility is using him as a scapegoat. Trying to dump shares for btc right before the collapse is highly suspicious as the seller was an insider.
One has to apply this scammer tag equally or it has lost its meaning as it is only used for people not in the right clique.
Especially considering that contrary to all theymos' representations, the shareholders did not actually vote to oust Nefario. |
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Nice going folks. Let's stick to the facts, if possible.
Fact: theymos will not give himself a scammer tag. Again: GTFO A fact can never be something in the future tense, ninny. |
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Nice going folks. Let's stick to the facts, if possible.
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On September 24th theymos falsely announced that he was selling a package of 23% of Bitcoin Global stock. At the time the company was solvent and operational. Asking price was ~5k BTC for the entire block, with the caveat new shareholders would have to be approved by current shareholders. Also on September the 24th theymos declared in support of this sale that the SEC is not investigating GLBSE and further that he personally thinks the SEC emails are fake (they are not, have been in fact verified by multiple trusted members of the community, including by calling the signatory at his phone number as published on the SEC website).
On September 25th Nefario, at that time CEO of Bitcoin Global delisted without warning and without explanation about 1/3 of the GLBSE listed stocks, by historical volume. When questioned, theymos declared that he had no previous knowledge of this action carried out by the CEO of a company he was representing himself as 1/4 owner.
On October 5th theymos himself admitted to having lied in his previous representations, in that the block of shares he was selling were not entirely his, but he was acting as representative/broker for a number of other parties, among which was bitcoin.me and others. Also on this occasion he disclosed his previously undisclosed position as board member of the company. Also on this occasion he disclosed that apparently the actions of the CEO did have the Bitcoin Global board's majority support.
Barely a week after his original offer, the company he was purporting to sell shares into is in default (as in, not repaying customer BTC held) and may or may not be reogranizing (no actual plan was announced, operations suspended for days).
This paints an ugly enough picture as it is. In any event theymos no longer holds the claim to personal integrity required for being the administrator of this forum, or a principal in any other respectable bitcoin venture. A scammer tag may be warranted even if nobody took his bait and so luckily no bitcoin was actually lost: the offer was made in bad faith in any event.
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I wonder how much someone could make from running a scam where they setup a business, then freeze all clients funds and only return them after receiving massive amounts of personal information and documentation citing AML for the reason. What kind of percentage of people wouldn't want to lose their privacy and how many bitcoins do you think you could get from running a scam like that?
Pretty much what MtGox did. |
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You're citing a single case involving Romanian immigration law as a "provable track record" relating to US securities law? bwahahaha.
Nope, grow a reading comprehension. You know, that thing where words have meanings and shit. |
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Typically they dont come after people arent the actual operator and GLBSE isnt a fraud it is winding down.
Obviously have to quote this for later, given your track record of deleting things. |
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