|
I've been looking for a way to accept bitcoin AND credit cards / paypal whatever, but where I as a merchant get paid in bitcoins. I.e. any fiat payments are converted by the provider. I'd accept a delay and the exchange rate risk. Right now I'd have to use bitpay + something else, and manually go buy bitcoins on an exchange.
|
|
|
|
FYI only: Liberty Reserve is already on BNM's Blacklists ..  Ahh...  |
|
|
|
Unfortunately, its highly likely to get listed on BNM's page of "Cases Investigated" or "Blacklisted" if this picks up any traction especially if the transactions are processed via the local banks like Maybank, PBB, etc...
Why do you think so? There's plenty of liberty reserve sites and similar? |
|
|
|
|
I'm buying for cash in KL, if you're selling.
|
|
|
|
The current exchange rate is 50.73598 btc to each masterbating hobo. Hobos that pleasure themselves, as you know, pull a premium on the open commodities market, so my investors are getting a pretty sweet deal.
I'm warning you guys, this is a classic ponzi. He's just using one hobo to pleasure the next hobo and so on. |
|
|
|
Well, you didn't mention liquidity in your original post. I think a lot of assets on GLBSE suffer from this, because you can't put several bids with the same bitcoins. Anyway, regarding JAH you should see the last post of this: https://bitcointalk.org/index.php?topic=77121.0 as well. |
|
|
|
JAH mining https://glbse.com/asset/view/JAH has higher return than GIGAMINING at current prices. Shares are around 0.2BTC at the moment, and pays dividend daily instead of weekly. |
|
|
|
|
Why does everyone assume that the only funds pirate had was the deposits in bst?
Isn't it far more likely he had a lot more than that, and thus is even more capable of "nudging" the market?
|
|
|
|
Don't quote me on this though.
Sorry, I couldn't help it. |
|
|
|
Why would he go bust if he's free to change interest rates at will?
He could change them to zero for example.
Wish I could do that with my loans.
Because he will eventually need to return the debt? Or are you saying that he will not pay interest and will not return the coins he borrowed and still not default?  If he sold bitcoins earlier at lower price for let's say providing loans denominated in USD, this price increase will hit him badly, so badly that he may be unable to repay his bitcoin debt. You're assuming he sold the bitcoins at a lower price. And that he's lending in USD. As it is, we have no evidence (well, I've seen none) of what he's doing with his deposits. All I'm saying is, if you have debt with zero interest, you have all the time in the world to pay it back. |
|
|
|
|
Why would he go bust if he's free to change interest rates at will?
He could change them to zero for example.
Wish I could do that with my loans.
|
|
|
|
Cool - thanks for the quick reply |
|
|
|
|
JAH has been paying very regularly - but now it seems to have missed a payout. What's happening?
|
|
|
|
|
Good service! I'm doing similar for a couple of people remitting to Malaysia / Kuala Lumpur.
|
|
|
|
|
Cut in half at first... but then it might drive out a lot of miners, for whom it'll no longer be profitable to mine (or more profitable to mine litecoin or something). This may or may not be enough to lower difficulty. And then asics will throw any prediction out the window.
|
|
|
|
|
Seems to me that when difficulty rises, mining bonds fall (and thus BMF).
And it's not like difficulty is going to fall any time soon?
|
|
|
|
|
Please people, stop talking percentages. "It's impossible to pay 7% a week." No, it's not. Completely depends on how much you lent out , and how much money you're making.
If he's paying out 30k a week, discuss that figure. Is that possible to pay out? Yes, plenty businesses earn that much.
Is it suspiciously high though? Sure it is. But don't focus on the percentage figures, unless you have clear data on exactly how much his operations grows / shrinks / has grown / will grow over time.
|
|
|
|
|
Any pictures of the mining rig?
|
|
|
|
Obviously we have information like the fact that he apparently paid out 26000BTC in interest this week
Do you also have this kind of information back in time? (or could this be recorded from now on?) If so it should be possible to guesstimate whether new deposits always cover payouts, or whether his operation is actually making money as well. |
|
|
|
|
Show Posts
