his tattoo removing technique



Is anyone actually still taking this piece of shit seriously?
A moron who tattooed himself with one of the biggest scam coins in crypto history?
His sources, yeah like the people at Blackrock aren't already equipped with a half a mile pole to keep him away after he ran Fortress into the ground, even Madoff would have better sources than him and would be in touch would more people.


Also, just because it's Forbes and it has some clickbait title as "leak" doesn't mean a thing, those are posts made by contributors paid by the article, and if you look at Sam's history:
https://www.forbes.com/sites/billybambrough/?sh=6c2ddb0c6a89
you get the idea of how much these "leaks" are worth.

You don't need some shitty tokens to prevent this myth of de-dollarization!

All you need is other currencies from other countries that are bragging all day about the de-dollarization effort to be really shitty currencies.
Like for example the Russian ruble:



The Iranian Rial:



Or another Brics aspiring currency, the majestic peso:



If even the major and more stable currencies like the yuan and the euro are actually losing against the $, how in the name of god do you imagine people dumping the dollar for a currency that is basically toilet paper?
If this de-dollarization would be even remotely true on a real business level and not just political stunts by failed wannabe dictators you would see traces of it right here on this forum. So, how many services or signatures are paying in anything other than good old dollar equivalent?

There is no such thing as disappearing coins and fake coins.
That is just another scam, they were asking you for 1 u to 10BTC upfront so you could, in theory, send 10 to 1000 fake BTC, of course, there are no such fake coins as any node would instantly reject such a transaction, and disappearing coins...just lol.
The most solid argument that this is fake is that for four years since this scam is around nobody reported such an "attack" in all these years.

What scammers use are low-fee RBF transactions, If you're gullible enough to send your goods or fiat after seeing an RBF 1sat/b tx that might never confirmed even if the sender won't change it then, it's all your fault, not some alien tech hacker.

PS
Remove the links to those scams, some newbies might fall for them.

That's the first thing that struck me when looking at his profile, especially since he opened two topics, one about money from a card to Bitcoin and one about an unconfirmed transaction fror 6 days ago.
The "newbie" thing simply doesn't make sense.
Also, it's jambler(dot)org not .io (the original).

Before you give advice it would be better to do your homework, also, just as important, work on the way you try to explain things because there's a lot of mistyping in that and the way you phrase things is just making it worse.


 It can take 2 hours or 2 days or ten days or 2 minutes, what matters is the fee, that's the most important thing one should look at, volume on its own without another metric is irrelevant, the mempool can be at a record high with a million transactions waiting if you pay 500sat/b it will get confirmed in the next block just as the opposite is true, paying just 1sat/b might get you stuck for days with just a few tens of thousands of transactions waiting on top of yours.


I don't think there is a single person out there besides you who buys coins from a guy who uses an ATM to send you the coins.

They are legit, probably the only big one of its kind that is still running after so much trouble.
They made the headlines two years ago when offering their plans to everyone through their IRA
https://www.bloomberg.com/news/articles/2021-07-29/new-ira-product-allows-for-tax-free-bitcoin-mining#xj4y7vzkg
and one year later for a complete **** with their Russian datacenter
https://bitcointalk.org/index.php?topic=5396462.0
Then issues with Prime Trust, a SEC investigation, legit but always in trouble for something.

That being said, legit doesn't mean profitable.
https://compassmining.io/hardware/antminer-s19j-pro-104?type=certified

You make $225 a month, pay at best $175 in monthly fees, so that's $50 a month profit but for an upfront cost of $1300.
So 26 months to ROI.

Allow me to doubt that the minimum wage in Bangladesh is ~$230 a month.
https://www.yahoo.com/entertainment/bangladesh-workers-not-letting-minimum-210937213.html



Nr 120! 12,153 Days.


Exactly!


Italy has no mandatory minimum wage.

Your knowledge is actually not knowledge at all.
The available supply of coins grows every day, Bitcoin is now less scarce than it was 10 years ago, you're deeply mistaken the rate at which coins are issued each period for supply, two completely different things.
For the supply to decrease you would need to actually destroy each day more coins that are getting mined.


It is a misconception just as ranochigo said.
Furthermore what you're saying is an assumption, which even if proves true on the demand part doesn't take into account that the daily supply will also put pressure on the price.
Assuming you have right now a balance and the 900 mined bitcoins are covered by an influx of  27  million each day, the price going up to $100k even despite a halving would still require more money, a 45million daily but will also require another batch for the people that will decide to cash in the profits they've made for buying at $30k, your take is just oversimplistic and that doesn't always work in the real world.

I was just reading how Portugal's basic basket has entered deflation yoy, it's -0.3% cheaper than August 2022
https://www.deco.proteste.pt/familia-consumo/orcamento-familiar/noticias/precos-estao-aumentar-alimentos
What makes you think it's impossible to reach 2021 and 2020 levels?
Lumber prices jumped to 1500, now they are barely 6% higher than in August 2018.
If people stop spending, you can print quadrillions, it doesn't generate inflation,  see the whole recent history of Japan.


Contagion can spread through the price of goods and the price of real estate easily!

If China has no way out of this with manufacturing going down they will need to start selling at dumping prices not making a profit or even losing a bit per product but to keep the whole sector afloat, Chinese real estate developers are heavily exposed on the western market, they've invested billions there and if they collapse in China they will need to sell assets in Europe and North America to finance the deficit back home or face a firing squadron, that again will trigger a domino effect over the inflated price we're currently having here.
Eastern Europe had zero similarities with the US back in 2008, with nothing in common other than also having banks and standing on two feet yet we got struck even worse than them at some point.

That never happened!
The 337 figure is the debt from 2010 when the refinancing and restructuring within the EU began, Greece never defaulted on that debt, it has failed in 2015 to make a one-time payment to the IMF for 20 days, but that was just shy of 1.5 billion.


Again, where do you get your numbers from?
Argentian defaulted for $93 billion in 2001, $29 billion in 2014, and again in 2020, but just for $500 million, technically the two of them are not really defaults as they have a long history of Argentina not acknowledging that debt.


Again...when
Zimbabwe defaulted on various debts in 2000, 2003 and 2014:
80% unemployment? Nope!
https://africacheck.org/fact-checks/reports/zimbabwes-unemployment-rate-4-60-or-95-why-data-unreliable


The were hundreds of defaults during the gold standard before the introduction of fiat money, gold just as Bitcoin can't stop a country from going bankrupt just as it can't stop someone on an individual level from going bankrupt. There is nothing magical about it, the moment you spend more than you make is the moment you're in debt, and the moment you can't afford to pay your debt you default, no currency, no metal, no crypto can stop this!

It's not the same but at the same time it might be  !

Those scammers have two types of modus operandi
- they go through the index of companies, find one name that doesn't return any google results or phone or facebook so you can contact the owner and simply state that it's their company
- register a company with a generalistic name and then spam hundreds of websites claiming it's that company, they register for example crypto mining and then operate cryptomining, crypto-mining, cryptominingcompany with all com net io co domains till they run out of it and the scam gets mentioned too many times and jump to the next one.

They don't care about the details the name, people who would look at those and analyze aren't the people who will put money in a ponzi scheme.

Now about Mr Peacock, after dumping this one he also had this company:
https://find-and-update.company-information.service.gov.uk/company/13248006
CRYPTO VAULT LIMITED
what a surprise
http://web.archive.org/web/20220103145817/https://cryptovault.ltd/

Established 2018, 5 plans, vip unlimited, so, is it them or just a copycat, a scammer using a scammer persona?

Anyhow, irrelevant, if people would just stop putting money in such schemes there wouldn't be any need for us to try to figure out which scammer is which.

Are you for real?
Look in your url bar, this is Bitcointalk, not Banktalk!
The whole thing of not your keys, not your coins, be your own bank, do they ring a bell?
Seriously, you're advising people to keep their funds on an exchange that might be insolvent? And screw the rumors, even if they are not real, one should never do this at all!
Furthermore, why would an exchange go bankrupt if people withdraw their coins from it, the exchange should simply send the coins to their rightful owners and continue operating with the ones that don't do so, the only case where it would go bankrupt would be if they're playing with a 5-10% fractional reserve thing which is another red flag column!

Again, I'm asking seriously as one can, do you realize what you're saying or are you actually one of those gullible fools that believe in all that crap like #safu and "4" and other bs guys like CZ and SBF and Karpeles were each one by one claiming?


Usually, it's a good thing to test your brakes before you go 300km/h on the autobahn! Or even better, not going 300km/h at all!
And no, I don't get the mistake thing! You've been around here so much one thinking more of the poor bankrupt exchange after a bank run than the security of one's coins makes no sense.

Told ya so moment 

China opening was a flop, if we're heading to deflation, what about Bitcoin?

Everyone who follows the news knows what happened today,  China has entered deflation!



Further reading, if anyone cares
https://www.nytimes.com/2023/08/09/business/china-economy-inflation.html
https://www.reuters.com/world/china/chinas-consumer-prices-swing-into-decline-deflation-risks-build-2023-08-09/

Now, you can't even cram in a whole topic the implication of deflation, why it's not good either, the speculation on how this will affect everything, and most crucially since we're on Bitcointalk, what's in for Bitcoin so less in just a post.
So making this as short as possible
- China is the first G20 to slip into deflation since Japan
- Despite pumping trillions into the economy since February the consumption is not picking pace but going down
https://www.scmp.com/business/article/3210562/china-pumps-us121-billion-economy-biggest-one-day-cash-injection-spur-post-covid-growth
each month
https://www.wsj.com/articles/china-cuts-rates-to-prop-up-flagging-recovery-6fe3ec72
- Exports and imports are going down as manufacturing is also contracting

- there is no demand for goods, the law of economics take over, price go down, people see prices going down they stop buying since they think it will be cheaper accelerating the spiral

The important thing, since inflation makes your wallet bleed some think that deflation is good, It might be temporary for your own household but long term it causes damages beyond those caused by inflation. Assume you're a business owner and you sell stuff, if people stop buying, is it good for you? Assume you're a factory manager, with no orders coming, is that good for you and the people employed? With no demand for your services, is it really good when the price of bread falls but you're not making any money cause you have no customers?
Normally I won't have to link to Wikipedia articles but for those who didn't read it, here are two key examples of what deflation can do:
- the Great Depression in the US in the 30's
- Japan lost decades in the 90's

Now fast forward, if the contagion grows and it spreads to countries that are currently at 3-5% inflation and going down, like in the US and Europe, what will be in this for Bitcoin?

Bitcoin was supposed to be a p2p electronic cash system that would allow you to transfer and keep your money without the need for a third party with the finite supply ensuring it wouldn't be affected by issues plaguing the fiat money printing system.
With the price gradually taking over and more and more being interested in the returns you can get for just holding coins, and a shield against rampaging inflation, would this change in a prolonged period of deflation? With prices everywhere falling down would the majority still be interested in buying and holding an asset that temporarily would be stripped of one of its current selling points?

I know this is a bit more of speculation but since it heavily relies on events in the world economy I think it's a discussion that goes hand in hand with economics not just speculation.

I'll be also leaving the campaign, I didn't even realize that it has been 19 weeks, they passed in a flash without the smallest issue!
Thank you once more for the opportunity you gave me!

Thank you!
I'll be choosing this one if somebody else hasn't picked it through PM before me!

Well..indeed, what would one expect?

To release a full minable coin, completely decentralized, with a capped limit and still have it pegged to one dollar the coin?
How would this have worked with their business, how could they even implement such a thing, it's not like there is a guarantee that they will receive the same investment each day, there is no way to know if some would just get out of the system and demand their money back, how would you do that with a decentralized coin, you would send them to a coineater address and you would need to convince everyone those coins are indeed lost?

It's a business launching its won coin for its own benefit, if those things wouldn't have been there would have been even more suspicious of what scammy thing they are trying to pull.

I'm still amazed by the fact that they are planning to expand the whole crypto business and still allow you to withdraw your bitcoins, I was sure they were going to use some papal coins and you would have only numbers in your account not backed by anything yet they did surpise me with their take.

Long story short, this is as good as it will ever get!

You could have dropped by the mining board and asked that before investing, but it's never too late I guess.
The machines that website claim to have would right now at let's say 5 cents per kwh
-earn $7.70 a day, burn $3.9 of electricity and cost $2000.
So, assuming you bought with your $100 1/20 of a machine you would be earning 20 cents per day so it will take you 20 000 days to earn those $4 000, just 54 years!

Actually, this is wrong.
The desired time between blocks is 10 minutes, but it doesn't really mean that it is achieved, in most epochs it is quite lower.
The average block time is 9.22 minutes right now since the first block, so on average 6% faster than normal.

Second thing
No, it does not, it's 0.00000476% you added two extra zeros.


Again wrong, there will never be a full last Bitcoin, the actual number is 20,999,999.9796 BTC.


Lol, yeah right, and by the 666 block of the 6th halving Jesus will come back to earth.
How could one draw such conclusions is beyond my capacity to understand human delusions!

8.5 cents per kW and you have to buy the equipment from them?
Take Phil's advice, for 10k nowadays mining is not really worth it, you won't get discounts, you won't get the best deals for 2-5 miners, and you'll end up making a few bucks each day counting the days till you might ROI.


Did you type this while being serious? Cause I can't stop smiling while reading!  

Yup, it's a scam, you lost $100, the $4000 never existed was just a number a script inserted in your dashboard.
They could have made it look like $400,000 or 4 quadrillion.



50% in 5 days, you really believed this crap?


Trustpilot is garbage, it can be manipulated so easily that it works better if you think 5 stars are bad.


Of course, fake accounts with fake statements, you need those to make people believe your scam.