 A streaming contract is a security, specifically addressed in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Where is your SEC registration?
First of all, The Indiegogo campaign has not yet been launched, we are not currently selling anything. It is being discussed here on this forum to gauge interest in a potential crowdfunding campaign. Crowdfunding offers exceptions to the normal securities laws in order to allow start-ups to raise funds to start their business through smaller amounts. The crowdfunding campaign will be done in accordance with the rules for crowdfunding. If Indiegogo determines that this campaign and its perks do not fit within the SEC exceptions for crowdfunding, then the campaign will not go forward. Second, the Dodd-Frank Wall Street Reform and Consumer Protection Act does not specifically mention "streaming contract", which you can easily find out by doing a text search of the Act. But since you mentioned it, the reference to streaming contracts was a reference to gold mining and making a correlation to the perks being offered in this potential crowdfunding campaign. At this stage, we came to the forum only to gauge interest in a potential crowdfunding campaign, which would be done through Indiegogo following all the rules of crowdfunding. Please be careful with accusing people of securities fraud.  Please do tell about how the collection phase of offering a security is not covered by securities laws. I happen to know that it is the primary focus and purpose of such laws, because that is where most of the fraud occurs. As far as the term "streaming contract" not popping up when your high dollar legal team scoured Dodd-Frank last night, let me explain it to you : The underlying principles of which a financial instrument such as a "streaming contract" are constructed are covered. In depth. Your brilliant deduction is like saying that "Taking a machine gun and emptying the clip into a crowd" is not mentioned verbatim in any law, therefore it is perfectly legal. SMH. I have to give you credit where credit is due, though. I must say that I have never seen a mining scam operation respond to requests to see Bitcoin Mining Hardware by showing them a picture of some trucks before. +1 for originality. Another +1 for not showing any in your website as well. Kudos! Keep at it Tiger! You're Special, and don't let any of the other kids tell you that you're not as smart as they are! |
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These guys are making miners as big as a fucking truck. As a matter of fact, they are trucks. If that don't convince you that they are for real, what will?
Do you know how many people got scammed here in this forum? A LOT. So dont talk as if Im paranoid or something. I have the right to ask anything I want in a public forum. How do we know that ColumbiaBasinMining is not scamming us because he could very may well be. Its good to advice everyone to be careful and its also expected that shills start cheering the scammers on. Thats an overused tactic here at BCT. I think you missed the intended humor in that post..... Shhh. Don't blow my super secret double opposite retrograde scam shill cover man! |
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Is this a hedge? The timing of your product offering and what looks like a coming slow fall in BTC's price makes me think that you are predicting BTC might go down more. So if we pay you at today's prices and BTC goes down to lets say $500 then it would have been better for us to open a short position ourselves. I also want to know how are you going to assure your customers that you are really going to mine the prebought BTC?
We cannot predict what the market will be in the future, however, most predictions show that the price will continue to go up as seen in the articles that are posted on our website (Crowdfunding Opportunity) at the bottom of the page. The idea behind our crowdfunding campaign comes from a typical way that traditional gold mine funds their operations. They use a streaming contract where the backer is pre-paying for Gold at a set price and receive a percentage of the mining production until the contract is fulfilled. CBM will be fulfilling perks from 62.50% of the mining production until all perks are fulfilled. The best assurance we can give you is that the crowdfunding campaign will be done through Indiegogo. The backers will send their pledged amounts to Indiegogo and Indiegogo only releases those funds if the campaign is successful. All backers will be kept informed of the progress along the way through regular updates and progress reports through both Indiegogo and through a Campaign Updates page on our website. Backers will receive regular newsletters updating them on progress and perk fulfillment. A streaming contract is a security, specifically addressed in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Where is your SEC registration ? Protip: Before you find yourself waiting in line to be tried for Securities Fraud , read this book. Try page 10 for a quick primer.  |
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May I ask if your operation is profitable for your customers? I personally have seen a lot of comments here that says cloudmining operations are not profitable and most of them have become ponzi scams even if it is not the intent by the people who own them. In order to protect myself, and I encourage that others to too, please show us how profitable you really are backed by hard facts and numbers.
Columbia Basin Mining is not a cloud mining operation. In a cloud mining operation, you purchase hashing power and pay the expenses of the operator, which is why the one purchasing hashing power may have a hard time making a profit. Also with cloud mining, your profitability decreases as the difficulties increase. In our crowdfunding campaign, you are pre-paying for a set amount of Bitcoin and so you know exactly what you are getting for the price, there are no expenses or difficulties to worry about. Is this a hedge? The timing of your product offering and what looks like a coming slow fall in BTC's price makes me think that you are predicting BTC might go down more. So if we pay you at today's prices and BTC goes down to lets say $500 then it would have been better for us to open a short position ourselves. I also want to know how are you going to assure your customers that you are really going to mine the prebought BTC? These guys are making miners as big as a fucking truck. As a matter of fact, they are trucks. If that don't convince you that they are for real, what will? |
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It's very suspicious. Bitcoin Arbitrage, Cloud Mining, and Crowdfunding are all different terms and they're not connected in any way. I wonder what OP really meant. Doesn't make sense to me
This is not Cloud Mining. It is a crowdfunding campaign where backers are rewarded with a set amount of Bitcoin at below market values, which creates an arbitrage opportunity. Arbitrage is the purchase and sale of an asset to profit from a difference in the price. So since the Bitcoin perk is set at a below market value, the backer can cash that Bitcoin in at a higher current market price. So, you are selling $10 bills for $6?  |
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Homero "throwing Fraser under the bus" does not ring true to me at all, either. I think this is all part of an extrication plan. Look at it this way: If a competent legal team went after Garza , they would nail him. That would officially make the Fraser/Garza partnership one involved in fraud schemes. Is it better to be accused of being involved in fraud and cleared? Or associated with proven fraud and left open for future litigation along with having a permanently tarnished business image? The smart money would go for being accused and cleared I think. After this designed to fail suit is tossed out/lost will there be another? Unlikely. Not a major one anyways. That is what I see happening here.
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If the intent is to throw the lawsuit, going after someone who can not be proven culpable seems like a good start.
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Wow, the fetal punch must have caused that poor kid to be born without the top of his skull. Luckily, doctors were able to rivet a steel plate on there along with a nappy rug sewed on top. I wonder if his name is Josh Dirt?  Just got done with an hour's worth of coffee slurpin' perusal of the ion thread. Classic. Scammers gonna scam. Gotta love the audacity of naming part of the currency "Adams", errr excuse me, Atoms- just in case anyone couldn't figure out whose scam wagon they were on. ETA: Just noticed the pink pajamas.... Uhhh, wow, umm.... What a cute girl? |
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Ninja'd me SM! I thought that GIF wasn't working, so I changed it in my post. Looks like Imgur has changed the format of any long GIF into MP4, and those don't seem to work here. Edit to add: Bahahaha. Got a James Brown working. I even got around to cropping the edge.  |
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That is very kind. Thank you, OC. Happy New Year everyone!   |
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POPCORN!
Yes indeed. It is pretty clear now that Craig Wright != Satoshi Nakamoto , but that does not detract from the legs this saga has. Any futher developments concerning the possibility that Craig Wright = Mystery #1 whale GAW/ Paycoin investor Craig and/or Hashtalker Tankjnr? That connection alone would make popcorn sales moon for sure. |
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Any news on the Craig Wright = Mystery GAW/Paycoin whale investor "Craig" = Paycoiner Tankjnr theory? If true, the massive irony created by Satoshi Nakamoto being a Paycoiner hanging out with the fucking imbeciles on Hashtalk could in fact affect the gravitational constant of the entire Universe and cause a severe distortion in the current reality vector.  |
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So do the supercomputers exist or not?
This is what I'm most interested in.
I guess it had to be proven of its existence otherwise I don't see how it could've been ranked 15/17/? out of 500. Paycoin Prime Controllers confirmed! |
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Wait... No EFFING WAY. Craig Wright = Tankjnr actually = Hashlet Craig as was posited many times and he is Satoshi Nakamoto?  Burgerz!! Futures contracts in my prospective epic Paycoin saga novel just mooned! Sorry Satoshi, you've been Paycoined!  In reality I think most of the major players in the Paycoin operation were part of it, so if on the one in a Garzillion chance this is true, I suspect that he would not have been one of the marks that Garza took to the cleaners, right? Can you imagine if Garza actually Paycoined Satoshi! LOL |
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This Paycoiner Tankjnr would be the best Satoshi out of all of the candidates ever suggested by approximately 1 Garzillion times..... Time to invest in R/Buttcoin stock. |
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So witty. I guess you missed this post, so I decided to post it for you again, as it contains some very important investment information concerning Bitstones. NEWS: Dr. Keith Harville is promising ~$1,000,000,000 / year return on a $1,000 investment rolled over for 3 years! ...now that they obviously have the criteria down to bust "discount" Confidence Scams pulled with Crypto since the Gemcoin operation bust and seem to be serious about cleaning up fraudsters pulling the old "Discount Coupon" type of fraud scam with Crypto Coins. Do you think the Gemcoin shills will get a pass? How about those that shilled for Garza and his Paycoin/Coinstand operation like Hellsgremlin? The way he came out of nowhere a while back and got all (fake) teary eyed and repentant makes one wonder if he got wind that he was going to be subpoenaed or even charged for his part and was freaking out? Food for thought. If there's any positive takeaway from this thread, it's that apmex.com is a decent site to use if you're looking to buy precious metals. and that "Paul Revere" is the whiniest cunt on this forum Here are a couple of excerpts from the Gemcoin SEC Complaint  Looks like they think that those who helped promote the fraud operation (i.e. Shills) are indeed culpable. Imagine that. They also mention the " extensive bonus and award system to encourage investors to recruit additional investors. " as being an integral part of the fraud scheme. Sounds a lot like the incentives that Keef is providing to do the same to me. And claiming 64 times return on investment "in a short period of time". WOW, talk about fucking ridiculous, right? LMFAO that there are people stupid or gullible enough to buy that one, for sure. Hilarious. Let's just see what ol' Docca Keef says he can deliver by allowing you to purchase Gold & Silver using Bitstones at a minimum 10% discount. I will go ahead and type those scary numbers into an investment calculator and hit "enter" for you Paycoiner "friends" of Keef's that are reading this and seem to have a real hard time with that sort of thing. This is set for each year to represent one week, and our "short period of time" is one year. This is allowing for 1 week of transit time to receive your Gold & Silver @ 10% less than spot, at which point you sell it to a local broker for spot value, which is what they will pay for bullion (around here anyway) and then use the entire amount to then purchase at 10% less than spot from Docca Keef and repeat the process every week. We will take it easy on ol Keef and just start light with only $1,000, and let's see what we would have by the end of the year:  Wow. 142 TIMES your investment in one year!!!!!! Eff you, Gemcoin and your measely 64 times return, you guys suck at lying about investment returns! Clearly cowards. Docca Keef says he can deliver more than double your chump change 64 times return. Beat THAT! For grins lets let that ride for another year:  Yeeehaw! Docca Keefs gave me $20,000,000 in 2 years instead of using his magic discount system for himself! Thankee Docca Keefs! U R Swell!~  And a third year:  Drat! Broke the calculator! Seems to be limited to $9,999,999 starting investment. What bullshit, this calculator is clearly for muggles and not the high roller investors getting handed fat stacks of cash by Docca Keef via using Bitstones.
Here's another:  Yeah, BABY! My $1,000 investment in Docca Keefs Bitstones has yielded me $2,865,019,622 in just 3 years! Thank you Docca Keefs! I am sure that you would soon own the United States, and the next year the world, quickly expanding your vast empire out until you own the entire universe "in a short period of time". You will be charging God rent !!! Sounds legitimate to me, Keith. Don't worry, Keith, I am sure that Barney Fife & Co. that you must think are running all of the agencies you are thumbing your nose at are completely baffled by the difference between "64 times return in a short period" and "Sell Silver & Gold @ 10% below spot price". |
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...now that they obviously have the criteria down to bust "discount" Confidence Scams pulled with Crypto since the Gemcoin operation bust and seem to be serious about cleaning up fraudsters pulling the old "Discount Coupon" type of fraud scam with Crypto Coins. Do you think the Gemcoin shills will get a pass? How about those that shilled for Garza and his Paycoin/Coinstand operation like Hellsgremlin? The way he came out of nowhere a while back and got all (fake) teary eyed and repentant makes one wonder if he got wind that he was going to be subpoenaed or even charged for his part and was freaking out? Food for thought. If there's any positive takeaway from this thread, it's that apmex.com is a decent site to use if you're looking to buy precious metals. and that "Paul Revere" is the whiniest cunt on this forum Here are a couple of excerpts from the Gemcoin SEC ComplaintLooks like they think that those who helped promote the fraud operation (i.e. Shills) are indeed culpable. Imagine that. They also mention the " extensive bonus and award system to encourage investors to recruit additional investors. " as being an integral part of the fraud scheme. Sounds a lot like the incentives that Keef is providing to do the same to me. And claiming 64 times return on investment "in a short period of time". WOW, talk about fucking ridiculous, right? LMFAO that there are people stupid or gullible enough to buy that one, for sure. Hilarious. Let's just see what ol' Docca Keef says he can deliver by allowing you to purchase Gold & Silver using Bitstones at a minimum 10% discount. I will go ahead and type those scary numbers into an investment calculator and hit "enter" for you Paycoiner "friends" of Keef's that are reading this and seem to have a real hard time with that sort of thing. This is set for each year to represent one week, and our "short period of time" is one year. This is allowing for 1 week of transit time to receive your Gold & Silver @ 10% less than spot, at which point you sell it to a local broker for spot value, which is what they will pay for bullion (around here anyway) and then use the entire amount to then purchase at 10% less than spot from Docca Keef and repeat the process every week. We will take it easy on ol Keef and just start light with only $1,000, and let's see what we would have by the end of the year: Wow. 142 TIMES your investment in one year!!!!!! Eff you, Gemcoin and your measely 64 times return, you guys suck at lying about investment returns! Clearly cowards. Docca Keef says he can deliver more than double your chump change 64 times return. Beat THAT! For grins lets let that ride for another year: Yeeehaw! Docca Keefs gave me $20,000,000 in 2 years instead of using his magic discount system for himself! Thankee Docca Keefs! U R Swell!~ And a third year: Drat! Broke the calculator! Seems to be limited to $9,999,999 starting investment. What bullshit, this calculator is clearly for muggles and not the high roller investors getting handed fat stacks of cash by Docca Keef via using Bitstones.
Here's another: Yeah, BABY! My $1,000 investment in Docca Keefs Bitstones has yielded me $2,865,019,622 in just 3 years! Thank you Docca Keefs! I am sure that you would soon own the United States, and the next year the world, quickly expanding your vast empire out until you own the entire universe "in a short period of time". You will be charging God rent !!! Sounds legitimate to me, Keith. Don't worry, Keith, I am sure that Barney Fife & Co. that you must think are running all of the agencies you are thumbing your nose at are completely baffled by the difference between "64 times return in a short period" and "Sell Silver & Gold @ 10% below spot price". |
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congrats youve proven yourself to be nothing more than a whiny little bitch. must suck knowing your life is barely worth living, eh? Im not going to post anything else, Paul and suchmoon, if you think im shilling, which im not, so go talk to keith or whoever for your answers, have a nice day! You are overly concerned with what I think. Perhaps it might be more worth your worry to think about the local, state, and federal agencies that likely have been following this Bitstone Operation since it's first failed launch in June think. Especially now that they obviously have the criteria down to bust "discount" Confidence Scams pulled with Crypto since the Gemcoin operation bust and seem to be serious about cleaning up fraudsters pulling the old "Discount Coupon" type of fraud scam with Crypto Coins. Do you think the Gemcoin shills will get a pass? How about those that shilled for Garza and his Paycoin/Coinstand operation like Hellsgremlin? The way he came out of nowhere a while back and got all (fake) teary eyed and repentant makes one wonder if he got wind that he was going to be subpoenaed or even charged for his part and was freaking out? Food for thought. |
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I think you need glasses, I was the first customer not the #1 customer, i think you're trying to twist this into some warped meaning that I am the #1 BST supporter lol
If so then i wish i was Apple's #1
So someone who buys something first is a shill? Ill tell that to everyone in the world to warn them not to buy something first before anyone else, or suchmoon may call you a shill, due to his warped mind.
OFF TOPIC...again suchmoon.
go to school its late already.
No, someone who shills is a shill. I don't want to go school because I can get all the kindergarten insults right here in this thread, but thank you anyway. Now do you or do you not have anything to say about "Kieth" lying about the timeline? Is there some sort of numeric confusion that you're going to explain to me, like 1 is not 1, and 21 is not 21, etc? No actually I dont, because i am not shilling for them  I simply bought some gold...lol you like to twist stuff around for your own delusions...I have no idea on the timeline, ask the dev team , not me, I will just keep buying stuff Which is exactly what I did on page 3 of this thread and got the response that I quoted. Obviously I can't get a response now because allegedly I'm on ignore but if BitStoneDev would like to comment upon seeing my posts quoted by someone else they're welcome to. Why do you need to keep derailing this if you don't have anything to say about the subject? Do you think you're helping BitStone with your incessant trolling and short bus pictures? not derailing anything but spam, from you guys. that's all you do. I have no ties to this or any coin or company, if I see an opportunity to buy something with a coin I will or I wont...end of story.... Try for once not to invent your conspiracy theories.....or take your meds at least. oh, your "posts quoted by someone else" you're welcome Well, isn't that just special. And exactly why should anyone believe you? Perhaps you do not understand what a shill is. Did you read this post from earlier describing shills? Very informative. Also: Have you dreamed up an answer as to why Keith is not buying metals from Bitstone Team member Lou Britton? I have saved you the trouble of wading through a bunch of shill posts to find this, and I know you are interested, so I will do you a favor and post it right here so you can not miss it. That's cheap AF for that gold piece. $300 equvilent for $600 worth of gold. How long can this last? Dev, can you say why you are taking such a huge blow to the belt in pricing? This is interesting to say the least. Thanks in advance for your detailed response. That Donald J. Trump wall got pwn'd. http://s17.postimg.org/t2g3qrn8v/Screenshot_2015_12_08_08_28_52.pngWhy the dumping? When pulling a confidence scam, you sometimes have to give away some prizes to entice the rest of the marks to buy in. This is how it is done. A wily scam operator knows enough to hire a shill to receive the $20 per Paycoin at Coinstand errr, sorry, I mean HUGE discount by using Bitstone! by buying special discount tickets - Bitstones in this case. Thus far Dr. Keith Harville has managed to avoid that negative outlay of cash completely by simply fucking off and not delivering anything at all, i.e. he is running an "Alibi Store". That way "there is no gaff to hide when the authorities inspect". This operation is pure carney scam all the way, except Docca Keefs does not seem to understand how to set the hook on his marks worth a damn. Let's see who the extremely lucky mark or insider shill to receive this confidence scam bait is now that the Alibi Store isn't working anymore and he has to do something desperate like actually giving a shiny prize away at a loss.   Let's see you lose some money Dr. Harville. Show us how it is done, please. The Alibi Store method of suckering people in to your scam has pretty much run dry, you need to step up and spread some sugar around. And don't worry about using a shill who is going to turn around and blackmail you like Josh Garza's Coinstand shill Hellsgremlin did. No, sir, dirtbags who do that sort of thing won't save screens and such at all. Your scamboat is 100% watertight, by golly. You go, Keith! P.S: @ Ognasty: Is that silver bar payment for your participation in the Bitstones Operation? |
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