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141  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [140.1 gh] [6.700 mh/share] on: September 03, 2012, 08:07:25 AM
This thread is for people who think Bitcoin and DMC are worth our time, not people who think trolling is the best thing since sliced bread.

No, this thread is for shareholders, people who untrusted you with 1000s of BTC and want to know what the fuck you did with them.
142  Economy / Securities / Re: (GLBSE) TYGRR.BOND-P 4.85% weekly uninsured pass though bond to BTCST on: September 03, 2012, 06:03:28 AM
Now if only we could be 100% sure Trendon is Pirate. (some people doubt this and think Trendon is just the fall guy in the partnership.)

What does Patrick Harnett say about it? IIRC he claims to know Pirate personally.
143  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [140.1 gh] [6.700 mh/share] on: September 02, 2012, 07:58:55 PM
I would like to remind people that my nick is Diablo-D3, it has nothing to do with the game, it predates Blizzard Entertainment, Co, it has been in use since 1991, and I don't particularly care for the game series.

Excellent. Just the information your shareholders have been screaming for. Now if you could share your shoesize and what you had for dinner, Im sure everyone will be totally satisfied.

Are you mocking us?
144  Economy / Long-term offers / Re: Bryan Micon's List of Non-BCST Ponzi's Still Running (with credit rating) on: September 02, 2012, 07:09:57 AM
Sad to see someone who has lost all faith in humanity. Is this an american thing?

Patrick is all of  "humanity"? And for the record, Im not American, not even anglo saxon.

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Here down under we still give people the benefit of the doubt

Really? So you can get a loan at a bank without providing any evidence of creditworthiness? You would trust anyone knocking on your door with  your money?

Where I live anyone taking in other people's deposits have to demonstrate their trust and creditworthiness. In the bitcoin world, this is 100x more important.

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Why is is so hard to believe there are honest people in the world?

Its not hard to believe at all. Doesnt mean its smart to assume everyone is honest until proven otherwise, particularly if you are deciding who to hand your money to.

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Patrick donates more than $500 a month to our local homeless shelter and I get PISSED OFF (note the caps Bitlane) when his integrity is questioned.

Im not saying patrick has no integrity, or even that he is a scammer, but its worth mentioning Madoff gave millions to charity. It doesnt prove a thing.

What Im questioning is Patricks judgement, and thats because of his utter failure to detect Pirate and half a dozen other scams and ponzis and give them undue credibility (not too mention, a lot of money) with his bogus credit rating system, vocal support and financial insurance. It has caused a lot of people to lose a lot of money, and will continue to do so.
145  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [8.7 gh] [2.926 mh/share] on: September 01, 2012, 08:34:11 PM
and P4man says you sold 9167 shares (i dont know where he has the info from)

From here:
https://glbse.com/vote/view/104

9167 shares voted on that motion.

146  Bitcoin / Pools / Re: Mint Race Weekend #2, win BCC cards from Bitcurex! on: September 01, 2012, 08:26:45 PM
I was actually going to buy a Bitcurex card before I read they gave them as prizes here. So, unless Im lucky enough  to win one myself, if any of the winners isnt interested in it, Im buying Smiley. Assuming you can transfer them, but I think you can.
147  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [8.7 gh] [2.926 mh/share] on: September 01, 2012, 08:17:36 PM

Rougly 2500 BTC have been invested.

Yet judging by the vote count of your latest motion, you sold or swapped 9167 shares that you valued at 1BTC. What happened to the other 6667 BTC or BTC equivalents?

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The assets are worth roughly half that now.

Actually, even assuming your current asset valuation is correct, which I highly doubt, you made 86% of your share holder value vanish. Those people bought shares at 1 BTC, and now you have 0.14 BTC worth of assets per share. Well done Diablo! No single mining bond did nearly that bad, and as eskimobob pointed out, even pirate debt is still worth a lot more than 15 cents on the dollar.

How on earth did you fuck this up so bad ?
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DMC is not a mining fund or a mining bond, it is a long term investment project.

The contract says otherwise. Besides, you have proven to be utterly incapable of investing. Do you shareholders one favor, sell whatever you still have. Pay it out as dividend and close shop. If you must, start over again, but in 3 months, your 1274BTC assets will have halved in value again, I guarantee it.

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Individual mhash are now worth about 0.003 BTC each, where they were worth about 0.35 when I started DMC.

And yet you keep investing in these turds.

"The definition of insanity is doing the same thing over and over and expecting different results. "
148  Local / Biete / Re: UPDATE# 11 - Bitcoin Börse, Überarbeitet ! Dividenden Ausschüttung 75 BTC on: September 01, 2012, 07:56:43 PM
Anyone wanting to "invest" in this, please read this first:
https://bitcointalk.org/index.php?topic=81357.msg1096382#msg1096382

If you have never heard of stock generation, read this too:
http://en.wikipedia.org/wiki/Stock_Generation

Maybe some kind soul can translate the gist of it in german for those that dont understand English.
149  Economy / Long-term offers / Re: Bryan Micon's List of Non-BCST Ponzi's Still Running (with credit rating) on: September 01, 2012, 06:44:01 PM
Bank wont provide me info.

Dont be silly.

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And patrik provides where his funds is used in, so whats the problem?

Like I said, I dont think Patricks fund is a ponzi. Unlike you or pirate, he does disclose financial information and revenue streams. That doesnt mean Id be willing to invest in him because I dont trust his judgement at all, but a ponzi, no, most likely not.
150  Economy / Long-term offers / Re: Bryan Micon's List of Non-BCST Ponzi's Still Running (with credit rating) on: September 01, 2012, 06:30:27 PM
Hey, who told you that pirate or others dont have assets over their total deposits? They can be absolutely same with banks. They just need time to turn they assets to btc. In some cases this might not be possible in short time, same with banks.

Banks disclose their assets and revenue streams. Ponzi's do not. Moreover, its up to the creditor to prove his creditworthiness, not the other way around. If you go  to a bank and ask for a loan, the bank will ask you to prove your creditworthiness through income or assets; you dont tell the bank  to prove you are a broke bummer.  You could (and probably should) ask the bank to prove they are solvent before depositing there though.

If you dont want your scheme to be labeled as a ponzi, all you have to do is prove a credible revenue stream that can generate those interest rates and prove your assets. If you fail to do both, it should be assumed a ponzi.
151  Bitcoin / Pools / Re: [3700 Gh/s] DeepBit.net PPS+Prop,instant payouts, we pay for INVALID BLOCKS too on: September 01, 2012, 06:19:23 PM
Indeed. Its almost as if Gyrsur only wants to know what IP to DDoS?
152  Economy / Long-term offers / Re: Bryan Micon's List of Non-BCST Ponzi's Still Running (with credit rating) on: September 01, 2012, 05:31:04 PM
Em, do you take into account fact that mining operationing can give you 3-4%/w of return?

only on an asset that continually loses value, and generally much faster than the dividend payouts. In the end you will lose on all those mining bonds, not win, but they arent ponzi's, just bad investments.
153  Economy / Long-term offers / Re: Bryan Micon's List of Non-BCST Ponzi's Still Running (with credit rating) on: September 01, 2012, 05:03:17 PM
As Joel Katz argued convincingly, mybitcointrade (star/ziggy) would be a Stock Generation ploy, not a traditional ponzi:
https://bitcointalk.org/index.php?topic=81357.msg1087555#msg1087555

I also dont think Starfish is a ponzi, although any faith I might have had in Patrick and particularly his judgement is long gone. Dont know the others, wont comment.
154  Economy / Service Discussion / Re: #BTCST Updates. Latest: August 28th 6:16PM EST on: September 01, 2012, 04:52:55 PM
No he did; in IRC at the time of closing.  Now he may have been full of shit but all the guesstimates and theories were based on that.

I missed that then. Then again, it seems entirely plausible Pirate would refer to the number of coins in his wallet(s) instead of the principals + fictional accumulated interest.
155  Bitcoin / Pools / Re: Mint Race Weekend #2, win BCC cards from Bitcurex! on: September 01, 2012, 04:25:43 PM
OKAY was this gpumax or a big asic rig?

if it was gpumax the loss of 50 coins will be offset with some prize money.

fefox is in third place for the race which is worth some coins.


 I am not sure as to how gpumax works?
 Do I rent it so to speak?
 I also read they had trouble paying people lately.

It was gpumax. It works a bit like a pool, but you can buy the hashrate and send it to any other pool.
As for the loss or gain; its too early to tell. If we find one or even two more blocks fast enough, Fefox will make a profit. If we dont, then he will make a loss. On average you would expect to lose big time buying gpumax shares and pointing them to a pool with <=100% expected PPS, but that never stopped a gambler before Smiley
156  Economy / Service Discussion / Re: #BTCST Updates. Latest: August 28th 6:16PM EST on: September 01, 2012, 02:12:04 PM
the compounded interest is just paper dragons.  If Pirates claim of 500K is correct and most users compounded the amount of true deposits is probably closer to 220K or less.  Some users likely did withdraw principal and interest lets say ~15% that would put the value of the actual coins ~180K vs 500K owed. 

I dont think Pirate ever claimed 500K. I think people noticed a pattern in blockchain that matched his interest payouts and worked out a number based on that.
157  Economy / Goods / Re: Tablet PC for BTC on: September 01, 2012, 10:01:39 AM
I would be interested, but concerned about import taxes, VAT etc since you are shipping from China. Have them shipped form the EU for a higher price, and Im buying.
158  Economy / Service Discussion / Re: #BTCST Updates. Latest: August 26th 8:11PM EST on: September 01, 2012, 09:55:58 AM
You ignore the most plausible explanation; namely that he didnt earn any money at all and was just operating a ponzi. That correlates perfectly with what you see with that wallet.
No, I said there were too much money for that. There was a message somewhere that said how much interest he was paying for one week, and if that number was right the base sum would be about 500 000 BTC when he defaulted. That includes a lot of compound interest, so the total sum people have sent to him and not withdrawn would be perhaps 100-150k. This wallet has much more than that.

AFAIK the estimate was made on interest payments that actually went out, ie, not reinvested. Using that to guess the total size of this might vastly underestimate the actual deposits if the bulk of it was  being reinvested.
159  Economy / Securities / Re: [GLBSE] Diablo Mining Company (DMC) [8.7 gh] [2.926 mh/share] on: September 01, 2012, 09:35:59 AM
I didnt miss anything. There is no mention of withholding information:
https://glbse.com/vote/view/104

As for the 2000 1275 BTC assets. You misspoke? ROFL.  Just like you misspoke when you thought your stock price was 10x higher than it really was?

BTW,  there is nothing panic about current mining bond prices, most of them are if anything, still way overvalued. Your failure to understand that is what caused this trainwreck in the first place, it seems you still dont get it.

Looking forward to seeing the actual numbers though;  can we trust you will take market depth in to account and not pretend you can sell everything at highest ask price?
160  Economy / Service Discussion / Re: #BTCST Updates. Latest: August 26th 8:11PM EST on: September 01, 2012, 09:24:35 AM
Because all the explanations to how he would earn so much involves buying and selling bitcoins. In this wallet they are just sitting there.

You ignore the most plausible explanation; namely that he didnt earn any money at all and was just operating a ponzi. That correlates perfectly with what you see with that wallet.
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