Venture #2: I have had a prototype, for my personal usage, running since August 2011. I disclose some technical details in this thread: https://bitcointalk.org/index.php?topic=37451.msg481793#msg481793 The final version I am prototyping will reduce the # of controllable computers from 45 down to 36 to simplify the PCB and mechanical layout. Venture #3: I do understand the secrecy around it may arouse suspicion; I just could not resist mentioning its existence. Perhaps one day, I hope to be able to talk about it without putting my competitive advantage at risk. |
|
|
|
|
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
Update 2012-07-11: This investment offer is now closed. I will post a debriefing of the investment round a bit later... I wish I could say more right now, but I don't have time.
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)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=Gseg
-----END PGP SIGNATURE-----
|
|
|
|
( Closed, see message #2.) -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 I run 3 Bitcoin ventures and I would accept capital to fund their expansion. I can talk about 2 of them. My first venture is a 24Ghash/s (as of today) FPGA farm. My second is the development and sale of a small number of prototype devices to remotely power on and off up to 36 computers, whose price will significantly undercut all commercial offerings by a large margin. Finally, my 3rd venture shall remain undisclosed. I am prepared to make the following investment offer to the community: - - invest 10 BTC minimum, 100 BTC maximum - - I guarantee a return on investment of 5% per week (this should be reasonably competitive with pirate's obvious Ponzi and similar schemes...) Anybody who is interested to invest should PM me. I will close this investment opportunity as soon as I have received enough funds to reasonably expand my ventures. Thanks! -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.11 (GNU/Linux) iQGcBAEBAgAGBQJP/c7JAAoJEOxa0oHHjcXsnQgL/RgrgC2XEfQA+V7nr4QyJh9n 38TLhAr90Ardywcs6JgTl8uzeSBXSgMQ+hG+JqmDPIq9DscUDSfDhaQXe5ehZzoE uuX0T5CY8t+gkfs1IDICtlNpG+CViptWE2hk2R8jRsJ6xw1On8MTR4yznI5CaqO8 KcN2+GONrzgLl8oMRYGnJz92ky9yH823ilnh83Jb8ruGp2h6hJbjqQaZDwiKS04n AhZl5sSs3PoXqTYEf4StH/qvRlf59VqlBs/Njdclj4x3KMv6VtlTgoJZmdmmgs/5 duw6Um46Zg3KgRZAbSqHyEOwq8MdfOkiCgryNFV/vgpd2gK+81GuvNgeInCxnok5 G4Ln84FdWcBOnGXyLAt6MZKhwHWL3z25n7zgLvrjIrpzqiwf0fSoMO0H/3RHCl9d SufE0eTNWyQcgvFLH9phUFv6hwnWbdc+JKNUdonqnEb2arDJLLmQsohJuur+oNXb exz4tEHEgZpPUSiq3VzZd8wFR+l5uP34ouJ63Ii29A== =+sCy -----END PGP SIGNATURE----- |
|
|
|
Running some numbers, I am prepared to make the following offer to you (or anybody else who is interested):
- invest 10 BTC minimum, 100 BTC maximum
- I guarantee a return on investment of 5% per week (not quite 7%, I admit, but enough to compete reasonably with pirate who will lower his rates on August 1st)
If I wasn't aware of who you were I'd say this has the same level of truthiness as Pirate. No real disclosure, just plans. However, since you're not a mysterious shadow figure, I doubt you'd Ponzi up since you have more to lose than most. So are you serious or was this a piss-take to see who would blithely wander from one scam to the next without thinking? After which you'd return funds and deal a lesson well earned, I imagine. I am serious. I will post a formal investment offer in the Securities subforum in a few minutes. Edit: https://bitcointalk.org/index.php?topic=92513.0Pirate may be a fraud (IMO) but he does inspire legitimate entrepreneurs... |
|
|
|
I would consider it. You didn't reveal the "secret" of your miner until others discovered the same leverage, did you? Edit: From https://bitcointalk.org/index.php?topic=2949.msg40902#msg40902 I note you claimed a 6.3% advantage for owners of 69xx cards, with minimal disclosure, for 250BTC. At least you said GPUs were involved.  Correct. Now, back to my thought experiment: it is interesting because, as a matter of fact, it is more than merely a thought experiment. I do run at least 3 Bitcoin ventures and I would accept capital to fund their expansion. I can talk about 2 of them. My first venture is a 24Ghash/s FPGA farm. My second is the development and sale of a small number of prototype devices to remotely power on and off up to 36 computers, whose price will significantly undercut all commercial offerings by a large margin. Finally, my 3rd venture shall remain undisclosed. Running some numbers, I am prepared to make the following offer to you (or anybody else who is interested): - invest 10 BTC minimum, 100 BTC maximum - I guarantee a return on investment of 5% per week (not quite 7%, I admit, but enough to compete reasonably with pirate who will lower his rates on August 1st) reeses: I emailed you a deposit address if you wish to invest. Anybody else who is interested to invest should PM me. I will close this investment opportunity as soon as I deem I have received enough funds. Thanks!
|
|
|
|
|
reeses, honest question: if I tell you I have a business plan that I want to keep secret, but that I am a trusted forum member since Dec 2010 and have a good rating on btc-otc (both true), and that my business will return 7% per week, would you invest in me? If not, why?
|
|
|
|
The wall isn't hit until the withdraws start. If the biggest investors aren't compounding, that means there's even less in there since they've been continually pulling their interest. Now its just about who's the first to pull their principal.
No derp. Let me explain it for you.. the largest accounts are taking interest payments, which means the little accounts would have to be depositing like crazy in order to pay for the large accounts. If the little accounts are depositing like crazy, they aren't going to be the little accounts anymore, which means they really AREN'T depositing enough which means pirate is finding the funds elsewhere... like profits, not ponzi. You idiots think the 7%ers are blind, but damn, you guys are failing basic logic now. Or, the most likely explanation, is that the rate of creation of new accounts is increasing over time at a rate sufficient to cover interest payments (like most Ponzi schemes, until they collapse). But debating all this is pointless, as pirateat40 divulges no information whatsoever. He does not even publish basic financial information, such as the total amount invested in BTCS&T, or deposits/withdrawals per week, which he could do without revealing his "secret business plan" (but he can't because revealing his books would expose the fraud...) |
|
|
|
IIRC BFL started advertising their SC products (without revealing they were ASICs) at least 6 months ago. Assuming they have been working on them for that long, they will have put 10 months of work in them by October.
It was WAY before that. Their 'Super Computer' products were advertised right next to the single and rig-box from the outset. It can't be way before that. Their website didn't even exist before November-December 2011. |
|
|
|
|
Thanks rjk, assuming Inaba measured one of the rev 3 Singles with a 80mm fan at the bottom (not all rev 3 have this fan), then he confirms my numbers within ±4% (I measure 5.7A under load).
|
|
|
|
Please, Todd T******, I implore you to stop your Ponzi scheme. You will make tons of people very angry when you default, putting yourself and your family under stress and danger. You will also devastate people who were irresponsible enough to invest their life savings into it. You will create another round of bad publicity for Bitcoin. I understand financial success, greed, etc makes it hard to stop, but you have to stop. Now.
Who's Todd T******? You are Todd T****** from McKinney, Texas. LOL, no I'm pretty sure people know exactly who I am. Your google must be borked. Correct, Trendon S******. If many know your identity, it is one more reason to stop your Ponzi scheme now... |
|
|
|
I know they are Mean Wells and everything, but what's the actual efficiency of the stock brick? I'm betting it isn't too far different from 87%, and Inaba tested one with a clamp meter somwhere, just can't find the post atm. All I am saying is, the MW is rated LESS (102 watts instead of 120) than the stock brick, and so it might get just as hot.
AFAIK I am the only one to have published clamp meter measurements. I measured the BFL power adapters to be 81% efficient: https://bitcointalk.org/index.php?topic=90972.msg1003140#msg1003140(Again, jothan, your numbers an incorrect. Accurate measurements can't be done at the wall, you need a clamp meter or similar.) |
|
|
|
|
IIRC BFL started advertising their SC products (without revealing they were ASICs) at least 6 months ago. Assuming they have been working on them for that long, they will have put 10 months of work in them by October.
|
|
|
|
I recently invested with pirate (via a certain respectable pass-through). It's not magic that he gets money.
Also, I've noticed people keep whinging about "Currin Trading" and saying "Pirate is just like currin trading, just watch". Well, after digging through the main BS&T thread I found a link detailing what "Currin Trading" was and gave it a good read-through.
First, I think it's worthwhile to point out, if you really want people to take you seriously, maybe you should be referring to real life ponzi schemes rather than some no-name n00b scammer on some game probably 3/4 of the people here have never played. That's child shit.
Secondly, there are a number of obvious discrepancies between pirate and "Currin Trading" which have led me to discredit the "pirate is an obvious ponzi" terror talk.
For example:
[...]
Speculate away about what his business is or why he keeps it secret, but as far as being a ponzi, his actions are consistent with the intentions he has expressed.
Haplo, thank you for writing your reasoning in such detail. It helps me understand how, and what, pro-Pirate people think. This better understanding helps me present counterpoints, and hopefully change your mind and save your money. Firstly, you want to read about a great Ponzi scheme? Read the original one: http://en.wikipedia.org/wiki/Charles_PonziSecondly, Currin Trading demonstrated that a Ponzi scheme with 1 investor disproportionately larger than the others puts the whole scheme at risk (if this investor pulls out, the scheme collapses.) This is precisely why Pirate limits the investment amount to 5k BTC per account. Thirdly, this is also the reason why Pirate has done forced withdrawals. Because the big investors letting the interest compound over and over would become disproportionately larger than the others, and would put the Ponzi scheme at risk if they withdraw. Fourthly, like Currin Trading, Pirate is making great efforts to keep his Ponzi floating. He locked down his BTCS&T forum thread to silence the critics. He announced he will show up in person at DEFCON in Las Vegas to drive buzz. He gave away 50 BTC as a surprise prize to some random guy who noticed Pirate's avatar image was being rotated every day (very much like CT trying to re-inforce their "good guys" image with the lottery.) Fifthly, the reason Pirate is planning to lower his interest rate is to keep his scheme alive longer. For example, compare Charles Ponzi to Madoff. The first ran his scheme for only 8 months because he was doubling the investors' money every 45 days or so. The second was able to run his for almost 20 years because he was doubling the money only every 6 years. The lower the rates, the longer the scheme goes on. Sixthly, the "security deposit" is nothing more than one more way to take money from depositors to pay those who withdraw (the very essence of a Ponzi scheme.) Seventhly, you say that policy changes like having "trust accounts" to reduce admin hassle add "no advantage to the Ponzi structure". Well of course they do: they reduce the admin hassles of running the scheme! Eightly, Pirate, of all the people, should be the one the most confident in his insanely profitable investments. Logically he should have offered his friends and family the opportunity to invest. But in reality, I believe that none of them, not even Pirate himself, have invested personal money... because he knows this is a scam. Lastly, you attempt to explain why BTCS&T may be a legitimate business, but you don't acknowledge the numerous "red flags" indicating it is a Ponzi. The U.S. Securities and Exchange Commission has a list of such red flags: http://www.sec.gov/answers/ponzi.htm Pirate's actions raise almost all of them: overly consistent returns, unregistered investments, secretive and/or complex strategies, etc. (The only red flag not occuring is "difficulty receiving payment" because the scheme has yet to collapse...) I will conclude by saying to those who invested in BTCS&T: don't tell the critics to shut up. I am not arguing for the sake of arguing. I hate debates as much as you do. I am simply and genuinely trying to save you from losing money! |
|
|
|
Actually I would prefer BTC over LTC, but I can deal with either... </end-thread-hijacking>  |
|
|
|
Received today, thanks.
Wow, delivery took a while! Enjoy the cards  |
|
|
|
@Vandroiy
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
Buying $135k of coins right now in one trade would only increase the exchange rate by +3%, from $6.54 to $6.76: http://bitcoincharts.com/markets/mtgoxUSD_depth.html Therefore, it is easily doable in 7 days while keeping it way below 3%. But, even if you did that one trade costing you 3%, wouldn't it be more cost effective than borrowing coins from your "investors" at an insane 7%/week interest?  You just let me prove so easily that what you are doing makes zero business sense. Please, Todd T******, I implore you to stop your Ponzi scheme. You will make tons of people very angry when you default, putting yourself and your family under stress and danger. You will also devastate people who were irresponsible enough to invest their life savings into it. You will create another round of bad publicity for Bitcoin. I understand financial success, greed, etc makes it hard to stop, but you have to stop. Now. Who's Todd T******? You are Todd T****** from McKinney, Texas. |
|
|
|
@Vandroiy
Let's say you have 135K USD right now. I need you to buy Bitcoins without changing the Mt.Gox rate by 2%. You have 3 days to do it, nah I'll give you 7 days. GO!!!
Let me know how that works out for you.
Buying $135k of coins right now in one trade would only increase the exchange rate by +3%, from $6.54 to $6.76 like others said: http://bitcoincharts.com/markets/mtgoxUSD_depth.html Therefore, it is easily doable in 7 days while keeping it way below 3%. But, even if you did that one trade costing you 3%, wouldn't it be more cost effective than borrowing coins from your "investors" at an insane 7%/week interest? You just let me prove so easily that what you are doing makes zero business sense. Please, Todd T******, I implore you to stop your Ponzi scheme. You will make tons of people very angry when you default, putting yourself and your family under stress and danger. You will also devastate people who were irresponsible enough to invest their life savings into it. You will create another round of bad publicity for Bitcoin. I understand financial success, greed, etc makes it hard to stop, but you have to stop. Now. |
|
|
|
How is that even possible? That's higher than the 21M soft-cap.
Someone with $1000 on MtGox can put an order for 100,000 BTC @ $0.01. Doesn't mean that will ever be able to execute. You can even put buy order for 21M coins at $0.00001 with merely $210. I know because I have done it |
|
|
|
Power Distribution Board for Cairnsmore1 is now available. Price is GBP £62 / USD $100 / 81€ + tax (if applies).
 What are these 3 large resistors used for? |
|
|
|
|
Show Posts
