YOU ARE OUT OF BET!!!
YOU LOST ALL BETS SINCE 2 DAYS LOL
PLS START NO BETS ANYMORE
Yep I lost a bet (that I expected to lose) for 0.1 BTC. Im willing to be bet north of 10BTC on this being a scam though, and I will escrow it. Since I have a 100% loss track record on bets, this is your chance.
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So now that some of you are deluded again, who's gonna take my bet ?
This bet will resolve to "yes" if before July 1st 2015, most or all pbmining.com customers stop receiving their weekly payments, or receive payments that are below 50% of the theoretical yield of their purchased hashrate.
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Why? It's not like it's more or less of a ponzi if he makes a payment tonight vs doesn't.
Because they dont care its a ponzi. They want it to continue. Only when its 100% certain they are no longer getting a dime from this scam, will they start yelling how the criminal should be behind bars and blah blah blah, but as long as there is a glimmer of hope they can earn something extra, they will do whatever it takes. Yeah, I feel really sorry for them.
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You understand me wrong,
i am just saying, if this is a ponzi, the scheme did not collapse for now.. why stop ponzi while you are making at least 100 btc per week? why stop ponzi while you can never skipped payouts??
From the stats in his page, the site owner does not go bankrupt. and he has at least 7000 BTC in his wallet, unless he spent something else.. How much he stole is irrelevant. Point is that he was taking in less new sales then he had to pay out, and even after the skimming there was barely a profit margin. That was before all this happened, before we exposed his previous phishing scam. So even he does pay out today, how many idiots are there left that could net him 422 BTC in new sales per week ? It has collapsed, Im not saying he is bankrupt. But he peaked.
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Just invoke the authorities. Canada isnt Burkina Faso. The police or whatever cybercrime unit they have there is the first place to start and confirm at least the identity. If they fail to do anything you can always lawyer up and try to go for it yourself later.
For the record, when Pirate's ponzi collapsed there where a bazillion threads about pooling money, getting lawyers, personal threats blah blah blah, in the end it was the SEC that nailed him.
Dude, The PONZI did not collapse, and it wont be collapse till next year, Because, his weekly payouts is never greater than than the contract selling profit.. He made nearly 100-150 BTC profit in a week. I am calculating the income for about 3 months, and weekly profit never drops below 75 BTC per week.. According to my calculation, today there has to be 7000-9000 BTC in his wallet. And this will pay more than one year to all customers, even if new contracts has not been solt. Wanna bet?
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Assuming it has all gone 'poof' I imagine all those who're involved with Piggyback Mining will be trying to cash out their ill-gotten gains into Fiat currency just as fast as they can eh ?
Why? Its far easier to hide bitcoins from authorities or take along with you when migrating to some country with no extradition treaty.
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But pirate was not so stupid that he was competely doxed before the Ponzi collapsed, no?
He was doxed to a degree thats quite comparable to Jason's doxing. IOW, we were fairly sure who he was.
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Just invoke the authorities. Canada isnt Burkina Faso. The police or whatever cybercrime unit they have there is the first place to start and confirm at least the identity. If they fail to do anything you can always lawyer up and try to go for it yourself later.
For the record, when Pirate's ponzi collapsed there where a bazillion threads about pooling money, getting lawyers, personal threats blah blah blah, in the end it was the SEC that nailed him.
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Good work Puppet and anyone else involved.
Did you not just take bets that the ponzi would collapse?
I offered a simple straightforward bet and no one accepted it; some japanese math wizard said she wanted to, but insisted that as long as the website was up and pb was paying any arbitrary low dividend he wanted to, it hadnt failed. So I couldnt agree to those terms. BTW, Im still offering bets on all the other cloudmining ponzi's: CoIntellect.com coinsoncloud.eu Cryptomine.io cloudmining.website PBmining.com cloudminr.io grmining.com If anyone thinks any of the above will be around and complying with their contract come next summer, lets make a bet.
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Of course, some ponzi's that havent made enough yet will generate some "evidence", probably by renting hashrate through nicehash. I just hope people arent dumb enough to fall for that.
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Its not his chopper, dont be silly. He probably jumped out of it.
And dont be foolish to believe there is a way to repay everyone. Even if Jason didnt squander much of his loot on skydiving and vacations, fact is that early investors made a profit, and therefore newer one's can not be made whole unless you can claw back those profits (or you think Jason already was rich).
File a complaint with the local police or cyber fraud department, and if you have a big enough stake in this, get a lawyer or start pooling funds to get one.
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Longevity by itself is also a misguided criterion. For a ponzi it merely shows how successful it has been in the past, and to some extend, how likely it is it will collapse soon.
Considering PBmining's apparent collapse, I dare say QED.
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Don't be so sure. Mathematically in this way, it can take years .. so you have to wait a little ..
it will take only as long as it takes for new sales to be lower than payouts. If new sales slow down or stop, these ponzi's will collapse unless you assume a benevolent scammer that prefers giving away his loot over keeping it.
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I'm going with these guys, Crytominr.io or Cloudmining.website.
You meant cloudminr.io or cryptomine.io? Either way, Im hopeful all these ponzi's will collapse fairly quickly now that the "oldest" and "most trusted" scam has been exposed, maybe people will think twice before sending coins to even more blatant scams.
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I am not familiar with what blockchain.info looked like back then, but I would say it is safe to say this would probably be enough to say it was a phishing site (although it does look very different then it does now).
Look at the source code. Jason even didnt bother to remove parts like this: <!-- Mirrored from blockchain.info/wallet/login by HTTrack Website Copier/3.x [XR&CO'2010], Tue, 26 Mar 2013 00:58:15 GMT --> It was a straight copy from blockchain.info and would have looked 100% identical with the CSS files that archive.org doesnt store. And judging by the date of the image, it probably wasnt his first phishing site either.
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Why the hell do they still keep the website running ?
Isnīt it kind of pointless ?
So people can still order a contract an get fucked, obviously "Our hash power is currently sold out." Jason is probably making up his mind what to do next. Im gonna guess he will come up with some stalling tactic, blaming hackers or having to flee due to death threats, invoke some legal bullshit, whatever he does, he is going to try and win time. I wouldnt even be too surprised if he decided to resume paying out until he made up his mind where to go from here. And you might take that latter phrase quite literally.
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