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81  Economy / Services / Re: Gigamining / Teramining on: September 19, 2012, 04:51:04 PM
?

How does BTC going up increase the operators risk?  Please enlighten me.  My own mining equipment returns more as the price goes up, isn't the same true for Giga's cut from this operation?

If things were to go catastrophically wrong, things would ultimately be valued in dollars, not coins.  If the price goes up more quickly than diff, than the obligation is actually growing more quickly than the generation.  That delta becomes the risk.
82  Economy / Long-term offers / Re: Starfish BCB - Loans and Deposits on: September 19, 2012, 04:45:29 PM

The BTC to USD appreciation has made the BTC valuation of the gear exceptionally low compared to what it was bought for.  So I liquidate the gear, then what?  Magically come up with the rest of the coins?

So you are insolvent. Thanks for confirming.

No, I'm Illiquid.  There's a difference.  When you decide to stop hiding behind your sock, I'll reply.  Otherwise you get the ignore because aren't contributing anything that adds value and are wasting my time.
83  Economy / Services / Re: Gigamining / Teramining on: September 19, 2012, 04:34:44 PM
Giga, I like you but the thing I don't really get is this:

Originally you floated a .25 upgrade cost, we all filled out the form etc...  Based on that everyone got excited and the price spiked up to 1.10 or so.  Now it's moved up to .29, but in addition BTC has gone up several dollars since then.  The upgrade should be USD based since the cost of upgrading is USD based.  I think the gigamining has dropped in value because the upgrade cost is significantly more than we were expecting and that doesn't taste good.

As price floats up, the risk the operators take on goes up.
84  Economy / Long-term offers / Re: Starfish BCB - Loans and Deposits on: September 19, 2012, 04:32:29 PM
Right. You are so solvent that you cant pay your debtors.

I sent out nearly 3k of coins in the last month.  If all I was doing was sitting on coins, paying people from imaginary profits, that would be a ponzi. That's not what I did, I'm mining.

Or if you prefer, so honest that you refuse to pay them even though you can.
Instead you unilaterally decided to keep their coins and the investments that were made with them, so you can profit first if they pan out months from here, and screw  everyone for good if they dont.

The BTC to USD appreciation has made the BTC valuation of the gear exceptionally low compared to what it was bought for.  So I liquidate the gear, then what?  Magically come up with the rest of the coins? There's a reason "Extended" is in the title.  Mining, while it does have its gushes around the time that there's a generation change in gear, is a long term affair.   Once ASIC arrives, dividends can continue, there are coins to continue expansion to keep the dividend stream continuing and there are coins for buyouts.  

Either way, if you owe money to Patrick it seems rather likely Patrick wont be seeing it back soon, if ever, so you firmly belong on that list.

If I owe Patrick money, him not paying back the people he owes doesn't determine my status as a scammer.  If his not paying people makes me a scammer, then I can just shift all the blame to the people that have under performed in doing business with EIEIO.  
85  Economy / Long-term offers / Re: Starfish BCB - Loans and Deposits on: September 19, 2012, 03:28:37 PM
This should scare you if you still have coins tied up in this scam.

Translation: "I'm trying to scare everyone, I get a buzz out of it."

The facts should be enough to scare you. How many of debtors Patrick in the past vouched for and/or lent to and/or invested in have recently been outed as scammers, insolvent or both?

hasking
Nckrazze
Ineedausername
imsaguy
kluge (?)
pirate

Soon to be followed by:
ziggystar (already in default, website went poof)
RustyRyan
Obsi

Even if patrick is not a scammer himself, it seems highly unlikely starfish would be solvent if almost all of his A/AA/AAA rated customers and deposit takers are in default.

I'm not insolvent nor a scammer.  EIEIO is a mining farm, it can't just magically spit out hundreds of coins in a matter of days.  EIEIO was never that large.
86  Other / Off-topic / Re: BFL SC / Jally first picture? on: September 19, 2012, 03:25:08 PM
Quote
Why are there so many fucking shady ass people involved in Bitcoin?  Makes me really re-consider what I should do with my BFL ASIC Single pre-order I made months ago.  I was really hoping BFL was a clean company struggling with the demands of high demand, but it seems its a company shrouded in mystery, ran by scammers who deal with illegal gambling software and Ponzi schemes.

Inaba, I really feel for you.  What BFL needs is a COO that knows how to spin the media.  After reading your posts, you certainly don't present yourself as someone representing a company that does millions of dollars in revenue.

Right, because what you want is someone who will lie to you and tell you comforting tales so you aren't so scared, right? 

I guess I can do that if you want... but I'd rather be honest and upfront with everyone instead of spinning the story and being generally a dirt bag like most large corporations.  But hey, if you want lies and spin instead of truth, I can provide that, too.


What do you mean, "too"?  It's what you've been doing before day one at BFL.

Bitcoinland is waking up to the fact that we're not in Eden anymore.  Why don't you just open up and disclose any encumbrances that are material (pertaining to a civil suit in the US jurisdiction of your choosing) so people don't have to dig things up on their own?

Honesty is not just telling the truth when you are presented with irrefutable evidence.

Dog, is that you?
87  Economy / Securities / Re: [GLBSE] ASICMINER: Entering the Future of ASIC Mining by Inventing It on: September 19, 2012, 03:21:10 PM

Euro 230v seems to be 20a sockets the same as the average American home has 120v 15a.

New US homes all have 120v 20a since about the 70s.
88  Economy / Speculation / Re: A Theory on what pirateat40 is doing on: September 19, 2012, 03:19:52 PM
Pirate asked the PPT operators for their books so he could pay people directly (I think.)

We have no idea why he asked for that information. I think the most likely scenario was that it was simply a stalling tactic. Since no payments were made even for PPT operators who complied, it's unlikely he ever intended to make payments.


Quote
Q: Why did you require PPT operators to submit their account holders information?
A: There’re a few reasons for doing this.  The largest of which was to remove the PPT operators from the added risk of their users claiming
they were not paid once the main account was paid. The other reasons can not be disclosed.


http://pastebin.com/DVNsx7xz
89  Economy / Scam Accusations / Re: Scammer- Jonathan Ryan Owens on: September 19, 2012, 04:52:30 AM
Can someone summarize the situation please. I just read through several pages and I still don't get it. I understand he was associated with several GLBSE offerings, but not precisely what his association with them was, what the various assets were supposed to do, and so on. Also, how exactly was money lost? And is the only evidence that they weren't legitimate investment or theft losses the lack of communication from JRO? (Which might be enough under the right circumstances. I'm not saying that's necessarily insufficient.)

I asked BDK/kluge to post here but he's sleeping right now.  I'm sure he can provide more than enough background to satisfy your needs.
90  Economy / Service Discussion / Re: Please Verify: BTCS&T Timeline on: September 19, 2012, 04:20:32 AM
You make no mention of FPS&T. 

Good point. I had forgotten the name change. When did the name get changed to BTCS&T?

I don't know right off hand.  you can probably go back to the original thread and look at the titles of the replies in the posts.  It'll show when it switched from one topic to the next.

reeses is right though, there's a bunch of stuff that is close, but not 'right'..

It started before Nov 3.

Interest was actually 1% day but payable every 3 days.

The thing ran for /almost/ a year.

PPTs were originally discouraged because of something about people bypassing invites.  Eventually, the insured PPT was formed, goat cloned it after several weeks and then many others copied it thereafter.

The people attending Vegas said pirate never went to defcon, just happened to be there the same weekend.  He was supposedly never at the Rio that weekend.

The 'private business plan' was a user's working theory I believe.  Double check this.
91  Economy / Service Discussion / Re: Please Verify: BTCS&T Timeline on: September 19, 2012, 04:08:08 AM
You make no mention of FPS&T. 
92  Economy / Long-term offers / Re: imsaguy's Enormously Interesting Extended Investment Opportunity on: September 19, 2012, 04:05:32 AM
And yes, this is dog.
Imsaguy, is that you?

No.  I'm more than willing to let the moderators confirm this.  I've been busy trolling contributing to other threads at this time.
93  Other / Off-topic / Re: BFL SC / Jally first picture? on: September 19, 2012, 04:02:49 AM
94  Other / Off-topic / Re: BFL SC / Jally first picture? on: September 19, 2012, 03:59:28 AM
Now i want some hash
95  Economy / Lending / Re: Selling pirateat40 debt, hashking debt, Nckrazze, imsaguy debt on: September 19, 2012, 03:21:54 AM
Don't forget to deduct the btc I sent you the other day when you were throwing the fit.  I don't want you screwing the people you're trying to sell to.

This smells fishy.  What is real debt?  Both people must agree before any can bid in good faith.

Is this sockpuppet on part of imsaguy or chungenhung?  What kind of scam are you running here?  Even 50BTC is scam, do not forget it.

Trust No One!

Thank you.

He threw a fit in a different thread saying I'm a scammer, wanting me to liquidate everything ASAP (or send him mining gear as payment) while ignoring anyone else that's invested.  Basically, his gain at the expense of others.  He made some remark about how I should pay at least something, so I made a token gesture.  I noticed his balance above doesn't reflect that.  I assure you, I'm not a sock for Chung and he certainly isn't one for me.
96  Bitcoin / Bitcoin Discussion / Re: Bitcoin cannot be filled with Tungsten on: September 19, 2012, 02:58:54 AM
Bad news: I just checked one of my Bitcoins. I opened it up, and inside I actually found a LiteCoin!!!  This is a serious problem. I'm worried if I check my other Bitcoins the same thing will happen :/  Should I tell Gavin?

Hey, it could be worse. You could have gotten a bunch of Microcrash.

FTFY
97  Economy / Lending / Re: Selling pirateat40 debt, hashking debt, Nckrazze, imsaguy debt on: September 19, 2012, 02:56:14 AM
Don't forget to deduct the btc I sent you the other day when you were throwing the fit.  I don't want you screwing the people you're trying to sell to.
98  Economy / Lending / Re: Selling pirateat40 debt, hashking debt, Nckrazze, imsaguy debt on: September 19, 2012, 02:49:14 AM
I'll pay 50 BTC for the imsaguy debt.

Thanks for the vote of confidence Wink
99  Economy / Lending / Re: Selling pirateat40 debt, hashking debt, Nckrazze, imsaguy debt on: September 19, 2012, 12:19:55 AM
For imsaguy, selling 1055.04BTC deposits.

When you tell people that you didn't make anything, do you mention the 9% that you got the first month?
100  Other / Off-topic / Re: Ain't it ironic... on: September 18, 2012, 06:29:19 PM
I never thought I'd have a daily account on an internet forum, especially one with 1000 posts...

Just wait until 2000 Smiley
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