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Thanks for feedback.
So tell me how to fix this little problem? Would sending out one more pdf with original text help?
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As they say: "Don't blame the mirror for your ugly face". Bitcoin Magazine just reflects reality. Electronic version was published recently and there is no good reason to list Bitcoinica as a huge success now. Next time we will try to reduce the wait between print and digital editions to reduce chances of the bitcoin winners to become loser meanwhile.  |
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Whatever firewalls "they" being up, the miners will sneak in that elusive next block, just add some fees and they will find a way for sure.
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Sounds like a great business plan.
1) open an exchange
2) get as much BTC and fiat currency deposited as possible
3) close exchange and run off with with the money
Well, at least it worked just fine for him last year, so why not try once more ? Exactly. It was take two. Expect another exchange by this guy soon. To bad most people here do not like to be warned about risks they take. Well enjoy. |
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It seems that US Federal sees Bittorent as a problem as well. How are they doing with destroying that? CIA: Hey, Vladimir, here is a suitcase full of cash, do your damnest to destroy Bitcoin. Vladimir: OK, cool. It's a deal, I'll troll on bitcointalk much harder from now on.  |
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And as a balance to this "substantial information," BTCS&T has basically every hallmark of being a Ponzi scheme including: - Ridiculously above-market rate of return.
- Consistent high returns no matter which way the market goes.
- Completely inscrutable business model.
- Rate premiums for larger deposits and bringing in even larger deposits.
- After the ramp-up, a feigned reluctance to take on more deposits.
- Early adopters promoting the scheme to others and defending the "businessman."
So, as between the hypotheses that BTCS&T is (1) a Ponzi scheme or (2) running some crazy Illuminati trading technique and inexplicably paying 3400%, you can surely forgive "team Ponzi" for finding the latter hypothesis much, much more likely. Right? That is a solid counterpoint; a few emotionally-charged bits, but sensible Accusations are one thing; assertions are another. I can admit and respect suspicions leading to the former, not the latter with lack of definitive proof. All those "sensible" assertions were asserted here long ago and not a new thing. It is just shills are trying very hard to bury it. You kind of need to read more than one last post of every given person to treat those posts in context. One thing I am looking forward to see is how, once ponzi collapses, some/many of it's victims will defend pirate and his lieutenants and blame everyone else but them. http://en.wikipedia.org/wiki/Stockholm_syndrome . I have a hypothesis, this it what will happen, now gotta wait and see if practice will validate the theory. As for the evidence question. I understand that asking for evidence that it is a ponzi is the same as demanding to prove a negative i.e. to prove that there is no valid underlying biz model. The burden on proof is on pirate, he is the one who asking for money and refuses to provide a proof that he is not running a ponzi (which is simple to prove if true). At the same time he deploys an army of shills to wage his PR war and round up new marks. Let us look into what evidence we have: - the only activity we have objective evidence of is PR, IR, accepting deposits, paying "dividends", using intermediaries.
Let us look into what objective evidence we do not have: - any economic activity that could even potentially generate profit, let alone at 10% per week level.feel free to add to the list. |
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Relax, everyone with a brain here believes that pirate's op is a ponzi. It is just a bunch of shills is trying their best (which is not much) to convince new marks to part with money.
I doubt anyone on these forums gives a crap one way or the other where you invest your money Vladimir  They'd better don't give a crap about my investments. Coz it is non of their damn biz. And anyway whatever I had to invest I've spent on lifetime supply of carrot muesli. |
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Relax, everyone with a brain here believes that pirate's op is a ponzi. It is just a bunch of shills is trying their best (which is not much) to convince new marks to part with money.
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Brunic, read first few sentenceses of your post and had to stop. Too much BS and I call it. for example, Also, pirate make his profit in USD, not in BTC. yea right. Have you seen USDBTC chart lately? |
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#2 and #3 are booked with so called "matt gloss and spot UV finish" those yellows will look OK. Also you are being mislead by RGB's of your monitor.
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I is apparently "well documented in various places (it's all in a frozen mtgox account)" 01[15:23] <Transist-> Phantom, unrelated to intersango, Some of creditors, myself included, would like to know what kind of security is protecting the remaining assets ? You may understand we are worried given Genjix track record on security.
01[15:23] <Transist-> Thank you
[15:24] <@phantomcircuit> Transist-, that is well documented in various places (it's all in a frozen mtgox account), also im tired of telling you that this is an inappropriate method of communications
03[15:24] * phantomcircuit sets mode: +b *Transis*!*@*
03[15:25] * You were kicked by phantomcircuit (Transist-)
Session Close: Thu Aug 02 15:25:02 2012 Disgusting! And he wants some respect somehow! What a horrible human being. |
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The White House and Board of Governors of the Federal Reserve System and Capitol Hill are not too far away either. You are welcome!
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IN YOUR FACE!  Now you guys can casually stroll across the street in September and buy yourself some Bitcoin Magazine. They will even graciously accept your freshly printed FRN's .. for now. |
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In context of this thread I assume the timeframe is next 1-4 month.
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Awesome story, cypherdoc. Thanks, both for the story and for helping slaughtering the pigs.
Ohh I see someone got already very emotional over this. Haha. Take it bears, you will be slaughtered as pig again and again and again by Bitcoin. See ya all at 100000$ (give or take a zero or two)
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You people have no vision. Will it break 25$ mark? That is much more interesting question.
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We are going to ship from EU this time. Most of our subscribers should receive #2 in the second half of August and #3 very soon after that. The logistic process was changed dramatically comparing to #1 and this time it was planned much more carefully and by a more experienced team. It is still the first time we ship in this particular way and therefore it is just a theory not confirmed by practice yet, but I am fairly optimistic that this should work much better than what we had before.
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Why someone need to buy in big chunks and influencing the price up in quick moves
Maybe someone stopped selling in big chunks and buyers are starting getting impatient and start competing with each other to get their daily fix. How's this for a theory? |
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