i think kim dotcom is finally buying

What exactly is irrelevant?

And who said there had to be any relevance to bitcoin?

Uh, around here, Pepsi is much more popular as opposed to Coca Cola. While I for one would choose coke any day, you can almost never get it in restaurants or vending machines around here. But you can get Pepsi. The only places that sell coke are some gas stations and grocery stores.

Just saying. Maybe that's like the hole Bitcoin =  ASIC & Litecoin = GPU/CPU argument.

Does that mean your ASIC farm is no longer in the cards?

This is EXACTLY how you're supposed to run a ponzi scheme. You keep your promises until the total of the actual borrowed funds ceases to grow. How can you not see this?

It might even be that when he finally defaults, he doesn't disappear but blames it on someone hacking into his system and stealing all the coins. So, the true believers will continue to believe he's legit, even if he "lost" their money.

But the real money to be made isn't in future mining. It's in the services yet to be born that will compliment bitcoin.

Okay - here's where "piercing the corporate veil" comes in. Sometimes, when investors are also officers who run the company, they run it really really badly. Stupidly. Irresponsibly. Maybe even illegally. When that happens, the law says that the corporate form shouldn't protect those particular investor-officers.

Let's say you and I are investors in a company, each in for 20%. But let's say that I am also the CEO, and you are just someone who owns 20% but doesn't actually run the business. You are kept apprised of what's going on periodically, but you don't make the decisions.

Now, let's say I take some of the corporation's money to Vegas and lose it, and the corp can't pay its electric bill. Now, under the general rule I discussed above, since you and I are 20% investors then we are each liable for 20% of the electric bill. But that isn't fair, is it? It isn't fair that you should be on the hook for 20% of that electric bill when the bill wasn't paid because I did something unlawful.

Since I personally did this bad thing, the law makes an exception to the general rule. It says that I personally should be liable to the electric company. It says that the electric company should be able to "lift" or "pierce the corporate veil" that would otherwise protect me as an investor, and reach out and get me, personally, to pay for the entire electric bill.

So that's what piercing the corporate veil is: it's an exception that allows for investor's to be held entirely responsible (the old-fashioned way they used to) for debts of the corporation. But it usually only applies when the investor has done something bad in running the company that he should not have done. Usually something illegal or unlawful.

to open an account:

• step 1: read the faq below
• step 2: PM me with a withdrawal address
  (optional: if you want any automated interest payments to go to a different address to your withdrawals, also tell me your interest address).
• step 3: send 5 btc or more to the deposit address i give you

accounts default to automatically re-invest 100% of earnings, however lenders can update this percentage at any time from the bitcoin max login area (Can be set as low as 0% if you want the full payment sent each week).

thanks

http://bitcoinmax.com

default password is your deposit address, but this can be updated by lenders at any time within the login area.

F.A.Q. (make sure you have read this before PM'ing me!)

Q. What is the minimum deposit amount?
A. To open an account, you must send at least 5 BTC for your first deposit. After that, subsequent deposits can be any amount.

Q. What is the maximum account size?
A. There is no maximum at the moment.

Q. Can I reuse the same deposit address for additional amounts?
A. Yes

Q. Do I have to message you whenever I make a deposit?
A. No, use the deposit address you were given to deposit as often and as much as you like.

Q. If I deposit funds 'any time' doesn't that mess up your calculations?
A. No, interest is calculated in half-hour blocks, so for example if you deposit 10 bitcoins for 33.5 hours, you'll get 10 * (33.5 / (24 * 7)) * 0.069

Q. Can you confirm my deposit?
A. No. I can however give you a link to http://blockchain.info. If it's in the blockchain then interest will be calculated on it, starting from the first half-hour after it gets included in a block.

Q. I deposited money, when will it show up in my account?
A. If it has at least one confirmation, it should show up when you log in to bitcoinmax. <- this means you may need to log out and back in again

Q. How do I withdraw?
A. That's still via PM at the moment.

Q. I'm a new investor and can't log in to bitcoinmax.com
A. It's likely that I haven't set up your account there yet. This is on the list of things to automate soon.

Q. How old is your BST account? Is it at risk of forced withdrawals?
A. It's one of the very first accounts. There would probably only be 1-3 people that could cause me to get forced out. If for any reason my account has a forced withdrawal, then I may need to also force some or all of my lenders to withdraw from bitcoinmax.

Q. Do you offer any kind of guarantee or insurance against a BST default?
A. No. If BST defaults, your coins are lost.

Q. Can you give me a referral to BST?
A. No, I'm not offering referrals at all.

Q. Can you give me a referral to BST if I pay you XXX.YY btc?
A. Thanks for the offers, but please see the previous question.

Q. What is your real name?
A. While my real name is known and fairly easy to find, I'd prefer not to have it posted and searchable on this forum.

In addition:

while you can withdraw principal at any time, interest is only calculated and paid once per week. so that means if you deposit on a wednesday and withdraw it on a friday, the interest for those 48 hours won't be credited to (or withdrawable from) your account until the folllowing monday, after 21:00.

- I guarantee a return on investment of 5% per week (this should be reasonably competitive with pirate's obvious Ponzi and similar schemes...  )

I strongly suggest all the uber geeks to get uber bullish on Bitcoin. Pronto!

Yea, yea, I know, I've been telling this non stop to everyone for 18 month now.

But do not tell me later that I did not warn ya.

Vladimir, why are you upset over this?