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1  Economy / Scam Accusations / SCAMMER: Bitpop on: December 21, 2014, 12:10:15 PM
Bitpop stole 0.14btc from me. it was in escrow and he ran away with it after I left him negative trust.

Everybody in DefaultTrust leave Bitpop negative hes scamming people now.
2  Bitcoin / Press / [2014-12-11] Microsoft accepts BITCOIN! on: December 11, 2014, 05:01:12 AM

Check for yourself...
3  Bitcoin / Press / [2014 - 12 - 09]China's First Bitcoin Advocacy Group To Test Government Attitude on: December 09, 2014, 04:45:19 PM

It’s clear in my exchange with Xu that he drew inspiration for the advocacy group from the Bitcoin Foundation. When asked his motivation (as a Chinese living in Australia) for being so concerned with the well-being of the Chinese Bitcoin community, Xu said many bitcoin enterprises are borderless, citing the example of international Bitcoin Foundation, which has established multiple chapters across the globe. His advocacy group will even have a similar membership fee structure. Like the Foundation, Xu’s BDF would charge individuals a small amount for basic membership ($25 per year), whereas institutions would pay much more (up to $100,000 for premium membership).

The Bitcoin Foundation has been nagged by criticisms, with the recent resignation of ‘bitcoin guru’ Andreas Antonopoulos from the board, protesting the organization’s purported “lack of transparency”. When asked what measures the BDF would have in place to avoid similar issues, Xu replied that it wouldn’t have a board director or chairman. Funds will be raised for specific projects. All members will be able to access the accounting information.

He also added that the BDF would refrain from involvement in “commercial activities”, though he didn’t elaborate on what constitutes such activity.

When commenting on the potential relationship with the Bitcoin Foundation, Ryan said that it wouldn’t be one of competition in the near future.


Some people have already expressed interest, Xu added, and signed up as volunteers. Among them five are Chinese Bitcoin entrepreneurs. The Foundation also started its first project: a survey to study the demographics of the Chinese bitcoin-owning population and their attitudes towards the digital currency.

He anticipated difficulty, however, especially in light of the draconian process that registering a NGO typically involves. A 2013 Reuters piece writes that “Non-profit registration in China is strict and difficult. Only when a non-profit gets a government department to supervise its operation is it eligible to submit an application of registration to the civil affairs office. The complex procedure leaves many grassroots NGOs unregistered, which means they cannot raise funds, enjoy tax preferential policies, and they face potential legal risks.” Either way, whether a Bitcoin NGO can be legally registered is going to be a test of the government’s attitude.

Ryan declined to disclose the specific amount of funds that have been raised, merely saying that “it just started.”
4  Bitcoin / Press / [2014 - 12 - 09] Lawfare Buys a Bitcoin — Introduction(Front Page yahoo) on: December 09, 2014, 03:39:46 PM

Lawfare has decided to buy a bitcoin. We do this not as an investment but as an experiment in journalism. Buying a bitcoin will let us explore the mechanics of how the market works and also give us a fun platform to look at some of the legal and policy issues surrounding crypto-currency. This introductory article is the first in a series on the subject that will, we hope, serve as an enjoyable exploration of a novel technology. Herewith, as a way of getting started, we present a short, introductory primer on bitcoins ….

Bitcoin (often abbreviated BTC or XBT) is a digital, decentralized, partially anonymous currency/commodity/security that is not backed by any government or other legal entity. It was invented (or perhaps created is a better way of describing it) by a pseudonymous mathematician Satoshi Nakamoto, who described it in a 2008 paper as a peer-to-peer, electronic cash system. One of the fun mysteries about Bitcoin is that nobody knows who Nakamoto really is (he may even be a she or a group of individuals operating under as single name). He says he is Japanese, but his writing style suggests he learned his English in Britain rather than the United States.   Attempts to identify him by newspapers and magazines have, thus far, failed utterly.

The lack of government backing is Bitcoin’s defining characteristic. Traditional currencies are backed by a government’s authority (libertarians might say by a government’s “fiat”) and are also, sometimes, backed by a hard resource, like the gold standard that used to underlie American dollars. [Indeed, the oldest forms of currency were non-governmental units of exchange such as salt or seashells.] Other units of account (like your obligations to American Express or MasterCard) are denominated in government-backed currency units and fully convertible (at least in theory) to government-issued cash. By contrast, Bitcoin is not backed by any government or resource. It is a purely digital currency that can be accumulated and stored in electronic accounts. It can be used much like a conventional payment network, such as PayPal, but it has no backing at all – and hence its value is completely dependent on only one factor: what the users of Bitcoin will give for it in exchange.

Some Bitcoin users see this as its principal virtue. They think that government backing is (either directly or, more reasonably indirectly) a form of government control. Hence for them the development of a system that excludes government intervention is the singular achievement of Bitcoin. Other users are simply concerned that governments may debase their currencies as a quick economic fix. [As an aside on usage, I am told that proponents use “Bitcoin” when talking about the system itself and “bitcoin” when talking about an actual coin.]

To make this happen, however, Bitcoin had to provide a substitute for the other critical function of government – its backing came with a guarantee of value and uniqueness. A dollar bill (with a serial number) is certified by the US government as authentic and one-of-a-kind. When I give it to you in exchange for some goods, we are transferring value and implicitly the government is standing by to verify the authenticity of currency used in that transfer. They are also ensuring that the same dollar bill can’t be spent twice. Indeed, governments around the globe spend a lot of time and effort in that surety function — ranging from money printing costs to anti-counterfeiting enforcement.

By contrast, transferring a digital file, such as a bitcoin, runs the risk of double spending. Since a digital file is readily copyable, a secure digital system needs a way of preventing a user from spending the same bitcoin twice. As a substitute for the government’s verification function Bitcoin relies on complex cryptographic system that involves links to a ledger system known as the “block chain.” We’ll talk about block chains in more detail in another article – for now accept this simplified description: Bitcoins are created by, in effect, adding new pages to the ledger through solving increasingly challenging cryptographic puzzles. This is colloquially known as “mining” because creating a bitcoin requires effort (in the form of the use of computing power and energy) in the same way that extracting gold from the ground requires effort.

Once created, the history of each individual bitcoin is cryptographically tracked in the block chain ledger. So when, for example, I transfer it to you in exchange for a hamburger that transfer is recorded in an indelible fashion in the block chain. Thus, the mining function combined with the block chain record assures the authenticity and uniqueness of every bitcoin transferred. Mining also has the virtue of creating new money without the need for a government to “mint” the coins.

Finally, some see Bitcoin as a cost-saving mechanism to eliminate the middleman for transactions. Another key component of Bitcoin is that it operates on a peer-to-peer basis – that is directly between a purchaser and a seller. By contrast most other new digital systems of payment, like Apple Pay, or Google Wallet or PayPal, involve reliance on a middleman to complete the transaction. Besides forfeiting anonymity, this aspect of the transaction also comes at a cost – these services don’t come for free. In essence Bitcoin is a frictionless mechanism of transfer.

Of course, to the extent bitcoins are a currency (and we will talk about their legal characterization in another article), they are exchangeable. Because they aren’t government backed, thinly traded, often held for investment and relatively unfamiliar instruments of exchange, their value has tended to fluctuate a fair bit. As of early December 2014, for example, 1 USD was worth .00268 XBT (or, conversely, 1 XBT was worth 372.69 USD). A year ago a bitcoin traded for 726.93 USD so they have dropped in value by nearly 50% over the past year. On the other hand, in July 2013, before the late 2013 “bubble,” 1 XBT was worth 108 USD – hence the last 18-months have seen an increase of more than 300% in the value of 1 XBT. As with most markets, the valuation depends a great deal on when you bought and when you sold.

Bitcoin uses are growing internationally. Today we have seen the first physical bitcoin ATMs that exchange currency for bitcoins. More than 40,000 merchants now accept bitcoin for their goods and BitPay says that more than 1 million will do so by the end of 2016. Some of the retailers sell legal products (like jewelry or cupcakes). But the partial anonymity of the exchange has also allowed Bitcoin to be used for illegal activity. There is even (I am shocked to say – and it is not easy to shock me) a site that allows bitcoins to be used to hire an assassin, where someone has bid for the assassination of President Obama. [There is some doubt about the authenticity of this site – my friends who use Bitcoin think it is a troll.] Crypto-libertarian groups like WikiLeaks, now accept bitcoin donations. In short, bitcoins are moving from the fringes to the mainstream, with as yet unknown consequences.

With that introduction, here’s an outline of the future topics we intend to cover (if any reader has additional topic we should include, please email me at We will examine:

How to buy a bitcoin and use it
As a legal matter, is bitcoin currency, security, or commodity?
The math behind bitcoin and the block chain
Bitcoins and the Dark Web
Securing a bit coin (or how it can be lost/seized/stolen)
Bitcoin and money laundering
Bitcoin and remittances and financial inclusion
Bitcoin and free expression
Selling a bit coin (or keeping it if we don’t want to sell it)
We’ll probably do this bi-weekly (with a break for the holidays, of course). Enjoy.
5  Bitcoin / Press / [2014 - 12 - 08] State of syscoin, first decentralized anon Market on: December 08, 2014, 10:29:40 PM
Syscoin is starting a state of syscoin news brief. Sorry if this is not traditional news but its is the first of its kind in the crypto world.
6  Alternate cryptocurrencies / Altcoin Discussion / The questions BITBAY REFUSES TO ANSWER[BAY] on: December 08, 2014, 12:50:25 PM
1. Who ran the ICO?
2. How are the funds stored on BTER? Wallet, escrow account, something else?
3. What individual or group owns the ICO wallet/account? Who can release funds?
4. Who makes the determination that criteria have been met to allow distribution of funds from the ICO account?
5. When funds are released, which individuals receive those funds and how much does each individual receive?
6. Where is the documentation regarding how the funds are being spent to further the bitbay project?
7. If today's software release triggered a distribution of ICO funds, what new functions are available in the new wallet?  
8. What individual is accountable for the finances of the project and can we see ledgers?
9. If bitbay drops to zero value today, who gets to keep the ICO money?
10. I didn't see an accountant listed among the project members. Who is doing the accounting? Will there be an audit?
7  Alternate cryptocurrencies / Altcoin Discussion / Would you put 200% of the cost of a Item in escrow? on: December 05, 2014, 01:01:11 AM
Been talking to some people about escrow, one of the systems requires users to put the cost of a item in escrow time two.

For instance you buy a miner for 5BTC  you must put 10BTC into escrow.

The seller is also required to put up the cost of the item into escrow.

If you and the other person do not agree you and the seller lose all the coins to the escrow system. So the system would get 15BTC from the dispute.

Would you use a system like this?
8  Bitcoin / Press / [2014-12-04] Proposed US Law Calls For Five-Year Moratorium on Bitcoin Regulatio on: December 05, 2014, 12:19:14 AM
HR 5777, a new bill submitted to Congress by US Representative Steve Stockman (R-TX), calls for a five-year moratorium on digital currency regulation within the US.

The bill, titled the Cryptocurrency Protocol Protection and Moratorium Act, would hold off any “statutory restrictions or regulations” for the five-year period after 15th June 2015. The bill was submitted on 1st December and has since been referred to both the House Committee on Ways and Means and the House Committee on Financial Services.

The draft law also calls for virtual currencies to be classified as traditional currencies under US tax regulations. Currently, the IRS taxes bitcoin holdings as though they were a type of property. Stockman filed a bill earlier this year looking to classify digital currencies similarly to foreign currency.

The timing is notable given the pending finalization of the New York Department of Financial Services's (NYDFS) BitLicense framework, the comments of which were made public on the regulatory group's website yesterday.

In past statements, Stockman said he believes that “New York is putting the cart before the horse” in shaping its regulatory framework.

The section outlining the regulatory moratorium reads:

“Neither the Federal Government nor any State or political subdivision thereof shall impose any statutory restrictions or regulations specifically identifying and governing the creation, use, exploitation, possession or transfer of any algorithmic protocols governing the operation of any virtual, non-physical, algorithm or computer source code-based medium for exchange.”

The clause also calls for "further suspending the enactment and effectiveness of any and all pending statutes and regulations until the end of the aforementioned moratorium period, except as otherwise provided in this section".

Pointing to bitcoin benefits

According to HR 5777, the moratorium is needed to fully assess and examine the potential economic benefits of digital currencies.

The draft text suggests that bitcoin may offer the American public economic and technological advantages, and "may be crucial to overall economic growth".

Stockman's move to preempt regulatory frameworks both currently in development and in the future reflects prior statements by the Texas Republican, who suggested in previous conversation with CoinDesk that the rules being written for bitcoin today would drive away the individuals and companies needed to ensure its success.

As Stockman commented in July:

“Many [doctors] are dropping out of the profession because it’s overregulated. Now, what may happen to the bitcoin community is that, if there’s so much regulation, there’ll be a lot of people who say, 'You know what, I’m done with this. I’m not gonna do it.' And it’s going to crush the industry.”

Whether the bill will be passed remains to be seen. Following the release of the draft text, Bitcoin Foundation global policy counsel Jim Harper noted on Twitter that the bill may likely fall short due to lack of support and Stockman's pending exit from Congress after his unsuccessful bid for the US Senate.
9  Bitcoin / Press / [2014-12-04] on: December 05, 2014, 12:13:29 AM

California officials are considering whether to regulate digital currencies such as bitcoin after concluding they have the authority to do so under existing law.

Staff at California’s Business Oversight Department have determined that a state law governing money transmitters, used to regulate businesses such as Western Union Co., may also apply to digital currencies, in which units of money are created and exchanged independent of central banks, said Tom Dresslar, a spokesman for the department.

“The consensus among staff is that the department and commissioner could regulate virtual currency, to some extent, under current state law,” Dresslar said in a telephone interview from Sacramento. “Consumers would be the prime concern of any regulatory structure we build -- making sure they are fully aware of the risks associated with virtual currency and providing effective, reasonable safeguards against those risks.”

The question of how and whether to regulate bitcoin has confounded regulators around the world since it emerged in software form in 2009 from a paper authored by an anonymous computer scientist and cryptographer. Bitcoin proponents and some financial regulators say the digital currency is an important innovation that makes payments easier and cheaper.

Venture Capital

Venture capitalists in Silicon Valley (BSVX) and elsewhere have invested hundreds of millions of dollars into digital-currency startup companies. At the same time, law enforcement has tackled companies and individuals over bitcoin’s use in online drug bazaars and consumer frauds.

California, the world’s eighth-largest economy, has a history of setting the agenda for the nation and the world on everything from banning plastic shopping bags to climate change regulations and immigrant rights. Home to Silicon Valley, California would become the largest U.S. state by population to regulate virtual currency.

“It will be good to see California move forward in a responsible way, applying their existing regulations and providing some clarity and certainty for digital currency businesses,” said Patrick Murck, executive director of the Bitcoin Foundation, an advocacy group for the currency.

Money Laundering

In March 2013, the U.S. Treasury Department’s Financial Crimes Enforcement Network, which polices money laundering, said virtual-currency firms may be regulated as money transmitters. As a result, U.S. states, which regulate traditional money transmitters such as Western Union and MoneyGram International Inc. (MGI), have stepped up to determine if and how their existing laws would apply to a novel form of money.

New York’s Department of Financial Services in July proposed the creation of a “BitLicense,” a special category of permit that would apply to virtual currency. The move has drawn heavy criticism from bitcoin companies for being unduly burdensome. Benjamin Lawsky, the department’s chief, has stressed the need to combat money laundering in any new regulations.

California would build any regulatory regime for bitcoin around consumer protection, Dresslar said, though issues related to money laundering would also play a role.

Transmitters Statute

The Business Oversight staff concluded some types of virtual currency may qualify as mediums of exchange under the money transmitters statute whether or not they are redeemable in money, Dresslar said. Bitcoins are not now in wide circulation, but can be used to purchase everything from hotel rooms to psychiatric services to coffee.

A meeting of an internal task force at the Business Oversight Department in mid-December could lead to new rules specifically for the embryonic industry, Dresslar said. They haven’t decided whether a signoff from Governor Jerry Brown, a Democrat, is required, Dresslar said.

Venture capital firms, especially those based in California’s Silicon Valley, have invested about $403 million in bitcoin-related companies, according to the website CoinDesk. The money has gone to startups that swap bitcoins for fiat currencies such as the U.S. dollar, ones developing ways to secure bitcoins and firms that process payments in virtual currencies.

Any new regulations would also impose other requirements before virtual currency companies would obtain a California license, Dresslar said.

Applicants would have to show they have sufficient capital to operate and a qualified management team, which would have to undergo criminal background checks. They’d also have to be bonded at levels consistent with size and maintain reserves, called “eligible securities,” equal to the amount of their outstanding money transmissions.
10  Alternate cryptocurrencies / Altcoin Discussion / Tell me what all these coins have in common please on: December 03, 2014, 04:00:56 PM
 PizzaCoin - Crypto Currency
 BeerCoin - Crpyto Currency
 PhoneCoin - Crypto Currency
 VodkaCoin - Crypto Currency
 ColaCoin - Crypto Currency
 OilCoin - Crypto Currency
 ShopCoin - Crypto Currency
 HotDogCoin - Crypto Currency
 HamburgerCoin - Crypto Currency
 LadyCoin - Crypto Currency
 MusicCoin - Crypto Currency
 CinameCoin - Crypto Currency
 PastaCoin - Crypto Currency
 ContainerCoin - Crypto Currency
 IndustryCoin - Crypto Currency
 FishCoin - Crypto Currency
 InternetCoin - Crypto Currency
 BusinessCoin - Crypto Currency
 PigCoin - Crypto Currency
 SoftwareCoin - Crypto Currency
 PartyCoin - Crypto Currency
 HomeCoin - Crypto Currency
 PlaneCoin - Crypto Currency
 HotelCoin - Crypto Currency
 LatinoCoin - Crypto Currency
 AluminiumCoin - Crypto Currency
 CopperCoin - Crypto Currency


Can anyone find the common factor behind all these coins?
11  Economy / Service Discussion / Ardeva -- Is doing a disservice to the community on: November 30, 2014, 05:50:13 PM
Ardeva, they claim to
Ardeva is a due-diligence platform that collects user data and generate a credit score. Once some data has been gathered, the user can generate a tag, which can then be published anywhere to prove identity. Actual data is not disclosed to the users that consults the tag, they only have access to a credit score, and which data we have on file about the user.

Would you consider Criminal background part of due diligence?
Would you consider background verification part of due diligence?

I have background checked of people that have been verified by Ardeva, it is not up to par and they refuse to fix it.

Qbond COINSORTIUM owner steven swanson convicted felon, ID does not matched address.

My job is in Financial Due-Diligence I work for a finance company and we check everyone.

Ardeva is giving people a false sense of security that is doing the community a disservice.
12  Economy / Services / ********BEST DOX SERVICE ON BITCOIN TALK************* on: November 28, 2014, 12:04:11 AM
I dox anyone in the us for the right price, just check out my previous post the negative feed back is from pissed off people. Contact me.




if they live in the USA I can find them pull a cross check phone  numbers, pull criminal checks and everything about them. Have proved it in the past. I
13  Economy / Services / ~~~~~ DECENTRALIZED MARKET ~~~~~ CHECK IT OUT on: November 26, 2014, 01:17:29 AM
Syscoin "Business on the Blockchain"

Proof-of-work algorithm: SCRYPT (merge mineable with any SCRYPT coin)
Multipool protection: SysCoin uses KGW to retarget difficulty every block. SysCoin uses extremely small minimum and maximum values as algorithmic inputs, which effectively allows Syscoin's difficulty to re-target much more rapidly and accurately than other cryptocurrencies that use KGW.
Block reward (updated): 128 SysCoin and regenerated network services fees (block reward decays on fixed schedule until rewards fixate at 32 Syscoin until 2bil coin, after which rewards are purely network and service fees).
Total SysCoins: 2,000,000,000 (2.0 billion)
Premine: 18% [ up to 15% Based on Presale (SOLD OUT), 2% Devs (wallets publicized below for transparency), 1% Bounties and Rewards (wallets publicized below for transparency)]
Dev 2% wallet :
Bounties 1% :

Service Fees:
Fees are an important part of the Syscoin network since they enable the existence of Syscoin and all of it's innovative services.
Syscoin directly recycles transaction fees by regenerating them and redistributing them to network miners. The regeneration of service fees is the key incentive for miners to continue to mine Syscoin once all base coins are mined, and thus enable and guarantee its services into the future.

Wallet Download

Market can be viewed at

************Market Interface still being worked ************* This is first release.

Market Interface setup video.
Youtube video on how to set it up

14  Economy / Scam Accusations / Esoteric Investments, LLC - FlirtCoin and Parties on: November 25, 2014, 06:57:28 PM
I was browsing through and noticed this alt coin really did not think much of it until the owner started being a ass. So i decided to dig boy glad I caught this shit before it hit the fan.

Exhibit A
Exhibit B

Now to break it down;u=392746 Is aslo;u=377232 and as well;u=378476

The parties real names
Pat Smaling Is glen crystal using a alias... for some reason.
Using the alais
Glen Crystal
The real Glen crystal is involved but to what extent I do not know
Link to the pictures of the real glenn

Domain Name:
Domain ID: 76a7bbb2346a4ea796bf29e541ff2707-D
WHOIS Server:
Referral URL:
Updated Date: 2014-11-11T05:31:31Z
Creation Date: 2014-11-06T05:30:43Z
Registry Expiry Date: 2015-11-06T05:30:43Z
Sponsoring Registrar: Godaddy LLC
Sponsoring Registrar IANA ID: 146
Domain Status: clientDeleteProhibited
Domain Status: clientRenewProhibited
Domain Status: clientTransferProhibited
Domain Status: clientUpdateProhibited
Registrant ID: cr180575676
Registrant Name: Glenn Crystal
Registrant Organization: Flirtcoin
Registrant Street: 3104 River Rd
Registrant City: Point Pleasant
Registrant State/Province: New Jersey
Registrant Postal Code: 08742
Registrant Country: US
Registrant Phone: +1.8484486299  <----- Does not belong to Glen Crystal per cross check

Please leave negative feedback for all parties they are trying to start flirtcoin I am sure to defraud more people.

15  Economy / Securities / <><Coinsortium><> I would look into the owner on: August 20, 2014, 02:34:51 PM
Tired of giving out free work, if I was you I would look into his ponzi past and childish rants. Just a heads up  Wink
16  Economy / Scam Accusations / -----COINPAL IPO---- INVESTORS RECOVERY INFO HERE---- Help the investigation on: August 20, 2014, 01:36:15 PM
If you invested in coinpal please call and email any proof you have to FL SEC investigator
Lisa Seabrooks
407 245 0646

If you live in Florida we REALLY need you to contact here even if you own 1 share.
17  Economy / Securities / ****WARNING**** [HAVELOCK] BTM leasing inventory fund ***** WARNING**** on: August 05, 2014, 03:50:44 PM
Ignite Financing ( is raising 270BTC via to purchase Bitcoin ATM (BTM) inventory for leasing to Operators and Exchanges globally. Ignite Financing currently has active orders for leasing on more than 80 units in 4 countries, with an additional 50 units on a waiting list for available lease units. will open the Fund under the ticker of “BTM” on Tuesday, 12 August 2014 at 11:00 EST. Feel free to follow us on Twitter for up to date announcements: @IgniteFin

250BTC will be used directly to purchase new BTM units from manufacturers for delivery to our existing waiting clients, with the balance going to and Ignite Financing for expenses incurred to date for fund set-up and management.

BTM Fund unit holders are entitled to receive dividends quarterly indirectly from the Fund's leases, less fund specific expenses and Ignite Financing management and administration fees. Ignite Financing collects fees monthly on behalf of BTM, and will place all pending dividend funds into a pool, to be dispersed quarterly through each disbursement period as determined by fund management (management will attempt to average distributions across each quarterly payment within each projected revenue period).

Dividend per unit of BTM is computed as:
Approved disbursement / # outstanding share = dividend per unit.
* See the Prospectus for further details.

If anything in the following FAQ differs from the prospectus, the prospectus will be considered as the actual case. Please read the prospectus and understand the risks involved. Neither Ignite Financing, nor Havelock Investments, are making an offer to sell these virtual units in any jurisdiction where the offer or sale is not permitted.


Q: Why should I trust you?
A: I am Terry Woltman, all relevant contact information is provided in the prospectus. I have been verified via Havelock Investments and Seedcoin, and am active in the Bitcoin community in Mexico City and the US.
Find me on LinkedIn at:
As well, Mike Snyder has recently joined the company and brings extensive technology related sales and operations experience.

Q: What manufacturer relationships do you have?
A: Ignite Financing has working relationships with Robocoin, Genesis Coin, BitAccess, bitXatm, and Lamassu. We are constantly working to bring additional manufacturers on-board.

Q: Are you qualified of running the BTM Fund?
A: Terry’s background is in network engineering and operations for national telcom providers in the US. Roles included 24x7 Network Operations leadership, Vendor management and negotiation, budgeting, project management, and stakeholder reporting.  As well, I have extensive experience overseeing financial back-office projects, B2B sales, consulting, and entrepreneurship. Finally, we have some excellent advisers to fill in any missing pieces.

Q: Why don't you raise money from angels, venture capital, or traditional lending?
A: We have raised Angel funds from private investors for Ignite Financing direct business operations. Our BTM Fund model allows qualified investors to participate in “fractional ownership” of many Bitcoin ATMs, increasing returns and reducing individual risk. This model is similar to purchasing Hash Shares from an organization like PetaMine (PETA), where you own a percentage of their hash capability, rather than buying an ASIC miner individually.

Q: How many BTM units will the initial raise fund?
A: We expect we will be able to purchase a minimum of 12 machines, but this depends on several variables, such as: manufacturer and options ordered. Depending on volume discounts from manufacturers, we could end up with more units in inventory.

Q: What reinvestment provisions does the Fund have?
A: The Fund does not reserve any revenue back for reinvestment, meaning that the total asset value of the fund will slowly draw down until all leases have been completed and the remaining assets liquidated. In the method the Fund acts as a loan with a variable rate dividend until completed. Investors are free to reinvest their returns in future releases or funds.

Q: What are the benefits to fractional ownership in the inventory?
A: The Fund expects healthy quarterly returns, so we believe that BTM would be an excellent to any investor’s portfolio, especially with the recent stability in Bitcoin price. Bitcoin ATMs allow immediate and physical access, so you will be helping to increase direct access to Bitcoin globally through BTM proliferation.

Q: What is your fundraising target? How do you decide whether this funding succeeds or not?
A: The target raise is 270 BTC. However, we would like to raise more (200-500 BTC) to fill even more of our outstanding orders. We could opt to continue raising via this fund, or via additional separate funds.

Q: So you will sell additional shares at some time?
A: That is the plan. Any additional shares released to the public beyond this initial raise will be for additional inventory for additional revenue streams, and will not detract from per share dividends over the course of the fund.

Q: Why don't you use Ignite Finance for your ticker?
A: Ignite Financing is separate from the BTM Fund, and is only providing management of the inventory for the fund in this case.  

Further information available at:

Havelock Investments official discussion and Q&A
   (for registered users of Havelock Investment):

I asked questions and they refuse to answer
18  Economy / Securities / HASH & RENT Information on: July 28, 2014, 09:34:41 PM
Seeings how the brother can not and will not answer simple questions I am forced to do the next thing

And here
and here

#2 will be a personal phone call to
Philip Moustakis
Senior Attorney
Division of Enforcement
United States Securities & Exchange Commission
3 World Financial Center, Suite 400, New York, NY 10281-1022
(212) 336-0542

They are deleting post they do not want people to see and are refusing to release information that is important to a IPO.
19  Economy / Digital goods / 20$ papa johns gift card 15$ in BTC on: July 20, 2014, 11:42:02 PM
Bought the wrong card, was supposed to get a dominoes card. If you would like to trade for a dominoes card I am down for that too lol.
20  Economy / Securities / WARNING!!!!!!!!!!!!!!!! [Crypto::Stocks] QBOND Offering on: July 20, 2014, 12:20:24 PM
Owner is a 2X Felon
Wanted to start the bond at first to go gamble in Las Vegas
Owner is prob gambling away your funds
Have seen 0 advertising for the actual game (how is it turning a profit?)
Owner started PMpoker a failed pokers site, but states he is experienced in the field
Owner name is Steven Swanson

edit: He is talking to himself with shill accounts just like he did on the QuintoBTC ipo

Quinto has scam written all over it beware!

steven Swanson
Date of Birth
Phone Number
Additional Phone Numbers
253-939-9542, 253-815-9470
Most Recent Address
5250 S Rainbow Blvd, Unit 1054, Las Vegas, NV 89118-0624
Aliases/Name Variations
Steven Carl Swanson, Steven A Swanson, Steven C Swanson, Steve Carl Swanson, Steve C Swanson, Steve Swanson

Criminal Records (2)
Case Number ID:271836
Charges Filed Date:N/A
Offense Date: N/A
Offense Code:0946160
Offense Description:OTHER FELONY
Case Type:N/A
Source Name:WA Dept of Corrections
Source State:WA

He locks the threads when questioned
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