other Italians know agath and they know them well.

Its not hard to find out he is most certainly not me

just msg him on irc sometime, or ask other Italians in the community

here is my statement posted in other threads so you know whats going on

Ahhh finally got back into my hacked account. This does not mean I will be a regular on this board anymore it just means I can make some statements that will hopefully be helpful to you.

1) I do not deserve a scammer label. We sold FPGA Mining products since may, when BFL announced their product MONTHS early just to try and squash the competition they lied which was a total lie and dis-service to the community but we wanted to keep our business alive, this led us to begin developing out own ASIC basic based prodcut. Our latest attempt at making the huge leap to ASIC failed. It was never our intention to scam anyone. Anyone who ordered a FPGA mining product has received their unit or their unit is on the way (2 orders slipped through the cracks when shit went bananas but we found these orders and we shipped them out this week.

2) I have paid back over 1 million USD to credit card buyers and BTC buyers alike. I am liquidating assets like a madman and still mining at about 60 gh/s with my FPGA rigs, which brings about 10 btc per day. Every week I gather what assets I have obtained and I distribute them to the customers starting with the earliest customers first and than working my way up to the later buyers. There are many people who can attest to this. One of our largest orders who spent over 100k was refunded by wire transfer just last week and I am sure if you look you can find that thread.

IF you are interesting in reading the actual definition of a scam you may do so here:

http://www.merriam-webster.com/dictionary/scam


Instead I am doing everything I can to make sure every single customer gets a complete and total refund. Unfortunately some people do not like the fact that they are returned less coins than they have sent. Although the fact of the matter is - these units were priced in USD NOT BTC and it is appropriate to use the current exchange rate when converting USD to Bitcoin to make these refunds. Any one who knows what they are doing in e-commerce would agree totally.

3) See a scammer would of taken all the money (over a million dollars) and disappeared, instead I still live in my same house and still go to my regular job every day. I am a family man and the last thing I want is any kind of trouble. You guys have no idea the sleepless nights worrying about this thing, but I am going to keep on this and make sure every customer gets his refund.

4) I am sure its hard to believe but this has hurt and will continue to hurt myself and my family far more than it will hurt any of you, But that's the gamble I took when I decided to make an ASIC device, and take pre-orders, we just could not make the damn thing work (for long) and the chips were clocked wrong or something because they had a very little life especially when you pushed them to any degree.

At any rate that is all behind us. Like I said I have paid over 1 mil in refunds and continue to do so every friday night (20k just last friday) this list is shortening and shortening and before you know it every single person will be paid back in full.

I just hope and pray you give me the time to make this all happen, I sold most of these coins at around $15 and now am buying back at $30 - its very difficult but as the last 2 weeks showed you , you will continue to see 10 refunds every friday until every single person is paid back.

I have been a very strong member of this community for 2 years, and I have always fulfilled my promises - please have a little faith in me is all I am asking - I WANT to do the right thing. Think about what a true scammer would of done with over a million at his disposal???


I have four kids and I am just trying to get by - I am sorry I was not up to meet the challenge of bASIC but I assure you all of you will be paid back.

thank you for listening

Thomas Van Riper
BTCFPGA
P.O. BOX 246
Hannibal NY 13069

(any correspondence sent to any other address other than the business addresss of BTCFPGA will be returned. My house is not my place of business nor is it the address for my business)

i have changed my numbers due to the hundreds of calls I was receiving a day - if you need to get ahold of me email btcfpga@gmail.com
and I will get back to you within a couple of days at the latest

again thank you for reading this and for those who have it - thank you for your compassion and empathy.

Tom
BTCFPGA

p.s. BTCFPGA will continue to sell FPGA based devices to hobbyists and all others who are interested in this device.
http://www.btcfpga.com

But doesn't the transaction fee stay the same no matter how large or small the transaction?

If bitcoins reached $1 millions what would happen to the transaction fee. 0.0005 of 1,000,000 is 300. That would be a large fee.

Does the balance include unconfirmed transactions? (I haven't checked that yet).

Sadly, there's probably scammers out there doing exactly that. A Flim-Flam man could easily convince a mark that a satoshi is more valuable than a bitcoin, and that bitcoins are only used by the earlier adapters, albeit at a lost. That is why all the earlier adapters are claiming to be newbies so they can purchase satoshis, because those are going up in value quicker than bitcoins due to the fact there are more of them.

The uneducated mark would think that the above makes sense, commencing the deal. They would then be told the confirmations take a little longer with satoshis, but the new and improved blockchain will make the process much faster in only a couple months.

"Using Bitcoin does to the big banks what e-mail does to the Postal Service."

http://m.ibtimes.com/u-s-postal-service-first-class-mail-donahoe-congress-214545.html

All you have to do is find someone who is willing to trade $1 USD for 100 Satoshis. Then we'll have a new high, lol.

Your kidding?

I working on like 3 different projects anyone want to donate? You get nothing but to pat yourself on your back that I am using your money. LMAO

LMAO didn't know being a scumbag was an investment now LOL

That's right. Why did you do it then?

1.1 btc For my sig

There is no purpose in dividing it into 10,000,000 pieces if it costs more to transfer those pieces then they are worth.

Some of you guys are really overthinking this.

Its not even digital gold at that point... I can trade a piece of physical gold for free.

Show us where the game was reset arbitrarily that didn't follow those conditions, and you might have a point.

How does the site owner profit from this?

1. Reset Odds

This is the most common way the site owner profits. As the chain gets higher and higher, the price naturally increases (by whatever % you set). Every so often - again at a % you can set - a purchase will trigger a reset of the chain, causing them to lose ownership of the Game Object.

Since they no longer own it, the next person to purchase it (now that it's reset to the starting price - configurable), the system never has to pay the person who triggered the reset since they don't own it any longer. In essence that means the buy price of whoever resets the Game Object is your profit.

The Gem calls it's players owners, as in, "Current Owner of the Gem".  So, when they say "owners made 25 btc", that means that the players made 25 btc from playing.  The owner of the site has made considerably less, as he is only getting 5% of the purchase price.

How does the site owner profit from this?

1. Reset Odds

This is the most common way the site owner profits. As the chain gets higher and higher, the price naturally increases (by whatever % you set). Every so often - again at a % you can set - a purchase will trigger a reset of the chain, causing them to lose ownership of the Game Object.

Since they no longer own it, the next person to purchase it (now that it's reset to the starting price - configurable), the system never has to pay the person who triggered the reset since they don't own it any longer. In essence that means the buy price of whoever resets the Game Object is your profit.

Look at the payouts on the Gem.  5% lost, 95% won.  Those are the actual odds of winning vs losing. The payout for the Gem is 1.1x.

So, again, show me a game where there is 1.1X payout where 95% of the people play win that payout.

You can't deny those stats.  Here are the current stats for the Gem:

Not a bad idea.  Using the Postal Service as the dead drop location.

Note, let it be hereby known, that if I receive any US currency in the mail with a bitcoin address included, I will keep 10% as a service fee and exchange the rest of the cash for bitcoin at the current MtGox ask price at the time of my opening of the envelope.  I'll send the acquired bitcoin to the included address.  If multiple addresses are included, I will split the bitcoin evenly between the addresses unless there is a note indicating what percentage of the acquired bitcoin should be sent to each address.