Awesome work guys.  It's great to see scammers get busted.  Having been scammed a few times myself it sours me on even doing other thing than hoarding bitcoins now...so really makes my day to see scammers get busted.

Lol. Not going to happen.

If the goal of those in government was to help the elderly, then maybe.  But this is not the case. The goal of much of the monetary policy is to protect and enhance the asset portfolios of the mega-rich that run the country, everything is a secondary.

The Federal Reserve, who create money, is a private company of which profits 6% for every dollar they create out of thin air.  Why would they encourage alternate, logic-based monetary systems or policies that would weaken their own power?  The banks have power over the government and it is one that is much more prevalent than elections, so they'll try to hang on to this until the collapse comes, which is inevitable, because our world economic policies are fundamentally flawed and continue to get changed only to benefit the few  people on top who actually pull the strings.

Wow man nicely done ^^^^^^^  !

Big improvement.

What is the point of having this second account to publish FUD with Ukyo? Why don't you just keep it to your own account, less spam that way.

Jon why do you lie? This is all public record.  Mostly covered in this thread of the six or seven threads on this thievery going on:
https://bitcointalk.org/index.php?topic=337523.0



1) You said the problems were purely technical in nature at first.  Then 'something' happened, which you have not explained, were you changed your tune. You changed your tune after it was infeasible that you were having a technical problem you couldn't solve and could not explain.

2)  The people waiting for funds was posted and it was over 2 million dollars worth of BTC. And it wasn't even the full list of people who lost money.

3) The withdraw problems were first brought to your attention in the third or fourth week of October.  Yet you put no warning messages up and continued to accept depositss even though you knew you could not pay them back until sometime in December (anyone can check that thread themselves for the exact date.

And I'm not trolling.  I'm mad about having my money stolen from me and I'm trying to warn others. There's a big difference.

^^^^ here is a link to a thread regarding the addresses used:
https://bitcointalk.org/index.php?topic=437154.0

The  Nobel Laureate in Economics is a big joke.

You must, absolutely must buy into the bullshit fabrication known as contemporary monetary policy to get award this award.  It is not awarded to anyone who sees things at all differently.  (At least as far as I know, can't say I studied it much, pls correct me if I'm wrong).

As bitcoin is in many ways different than the prevailing popular believes in economics, of course a Nobel Laurete is likely to be opposed to it. This doesn't seem very surprising to me.  Besides, many of these baby boomers probably just mastered the science of sending an email, I don't think they are even capable of understanding how bitcoin even works, it's probably as far-fetched as traveling faster than light to them.

No, no, I AM HODLING. 

Anyone who says otherwise is an impostor. 

I'm the real Hodling.

Slightly off topic, but what the heck is even happening with Gox? How could they be this locked up for so long? 

I guess they are waiting for paper work to be processed that the gov either can not process quickly or is in no rush to.  I mean for all the profits Gox was making they sure don't seem to be handling the problems well at all. I honestly don't remember how long it has been since you could withdraw... 8 months?

That'd be awesome. I hope it crashes. I'd love to pick up cheap bitcoins.

I'm holding mostly fiat these days and I this makes me really nervous.   I think the prospect of an economic collapse causing fiat to become worthless is in fact a greater chance than bitcoin crashing and becoming worthless, because bitcoin makes a great deal of logical sense, whereas fiat is mostly imaginary funny money IMHO.

I've always been a bull but I think just with all the many governments doing turn-arounds and banning bitcoin, we are in for a prolonged slump. I think it'll go back down to 600 and stay there for a while.

We'd be doing great if the gov's weren't so anti-bitcoin, no doubt on the behest of the banking cartels.  (China did such a 360 in particular it was like the people who really pull the strings just sent out the email to the world gov's recently: okay bitcoin ain't good, shut it down, it is a threat).

Bitcoin will still strive and do fine even if all govs' are against it, but I'm not foolish enough to think that this would not hamper somewhere between 60% - 90% of BTC's USD value if there was a concentrated effort.

I'm all good with that though, probably would at least purge out the abundance of scamming go on, such as Ukyo / Montroll's multi-million BTC theft and the plenitude of other scams going on all the time (yeah, I'm a little bitter these days, I admit it.).

Been saying this for awhile. Bitcoin is so popular now that we are on a big race to the bottom.

What's the bottom? Well someone always is willing to do something for less, globally.  Like I charge 10$ to jump around my house, someone, somewhere will offer to it for 5$, Then some other dude will offer to do for only a dollar ! Then and so and so, until:

For Bitcoin you are going to need next to free power, and a large amount of money to get into, and for those people, they'll be making just pennies profit a day. That's where we are going. That's just globalization.

Bitcoin wasn't as popular before so it wasn't the case, but now that it is much more widely known, we are racing to the bottom. It doesn't matter the industry that much, its the same in most fields.

I definitely don't think we are there yet. But I do think the good days of mining are over , and that is where we are headed.

NO


And congrats on at least doing more research than a couple of 1000s of idiots who did none.

BFL is a shit company. They accept tons of 'preorder' money to actually develop their product and internally expect they'll be at least 6 months late on their announced release dates.

Basically, the corrupt banking conglomerates are the most powerful entities in the world. They do have more power than governments, because they are able to control governments from the shadows, and set economic policy .

This is particularly bad because our global economic construction and monetary policy is basically a giant fabrication.  Money is printed / generated out of thin air, from other wealth that doesn't have much tangible existence, and then leverage over 10x, and this is all controlled by an incredibly small cabal.  Forgot the '1%', it is more like the 0.000001%.

The situation is pretty bad and scares the beejuzus out of me. Because all the indicators point towards the same thing: our global financial system is headed for collapse.  And instead of any policy or change being brought in to fix it, the banking cabal will wrestle against change to the death of the system.

Does anyone think that any of the 1st world countries will ever get out of debt?  What does it say when the supposed richest countries in the world will be paying more than 60% of the taxes you give to them as interest on money that should not even have been created in the first place? And then, on top of that, most of the world largest corporations pay less than 2% tax. (http://topdocumentaryfilms.com/tax-free-tour/ )

The more I read about economics this year, the more I see how crazy the situation is. Quantitative easing, all the way back to ancient equivalent in Grecian currency debasements in the ancient world, have never, ever, been able to enable a country to get out of debt. You can not inflate your to a healthy economy --- This should be clear. Yet because of the power wielded by the banking cartels, who are the strongest entity in the global world, we are following a doomed economic policy.  This has happened 100s of times, and it ends with either war or revolution. With a lot of starvation thrown in for good measure.

The thing is, if the global economy completely collapsed, the people on the very top would be fine, they have enough actual wealth to get through anything. So for them, their behavior is not reckless, is just 'acceptable levels of greed'.  Because of their personal natures, if the world economy was absolutely ruined and everyone not having enough to even survive, they'd properly still be focused on increasing their own wealth and profit in that crisis.

The reason the banking cartels are above the law is simply that: the individuals wield more money and power than governmental, elected civil servants.

The American Constitution was a strong beacon of hope against this state, with the constitutional directives such as basing a currency on gold and silver, and not being able to charge an income tax. However the citizenry did not fight when these were not followed (no easy task), and it is far too late to go back now, we are in the end-game, death-spiral.

Expect the coins to be gone. It is highly improbable that Ukyo will honor the terms of the loan as he has shown criminal behavior, and borderline mental illness in his attempts rationalize his behavior.

Look at the facts:

1) Ukyo lied about all the coins that were being deposited to WeExchange being unavailable due to a technical error.

2) Ukyo owes millions of dollars of BTC to users who deposited to WeExchange and has not given any reason beyond 'the coins are gone'.

3) Ukyo continued to accept deposits to WeExchange for over 2 months, knowing fully that we has unable to let anyone withdraw the BTC they deposited.

I think it is safe to say after reading 1000s of posts on the subjects that it is most likely that Ukyo treated deposits to WeExchange as his own personal wallet. He then made some gambling investments that blew up in his face at lost all the money.  He lost money on Labcoin, Active Mining, and likely sold BTC into cash thinking that the high of $260 was a good time to sell, when in reality , it is probably never going back to this figure again. Of course I can't say I'm 100% -- the only person who knows is Ukyo and he is conveniently not telling. Which should be a red flag.

He is thief and what he did was not only unbelievably stupid, it was just plain illegal.  It is not even a matter of factors out of his control, he simply stole and lost millions of users' money. It is quite the mess.  

If you are going go the route of legal action the good news is his identity is known.  The bad news is a) legal action is expensive  b) it is unlikely to recover much funds as he likely lost much of them.  At the least though it would be satisfying to see him criminally charged, forced into bankruptcy, and have to tell us (finally) in a court of law what he actually did.

He's been buying for time now for 2.5 months, but it looks like finally people are starting to realize that they've been ripped off, and the house of cards is starting to crumble.

I'd recommend keeping money in exchanges a little as possible.

I'll tell you what happened to me anyways:  I deposited money to a big stock exchange know as Bitfunder.  Turns out that the fuck-guy Ukyo was using money people deposited as his own personal wallet, making stupid investments which crashed.

I'd wait until a de-centralized exchange is set up, this should come eventually, ppl are working on it.  Until then, unfortunately there are too many scam artists out there, many sites and stocks have taken money and vanished with it.

You did not answer my question. AS usual, you attempt to deflect it by talking about something else.

What does ActM shares have anything to do with the money that was deposited to WeExchange ?  I didn't but any shares with my deposits. I really doubt you'll answer this but I'll ask anyways:    So what you are saying is you were buying shares and making other investments with customers' deposits on WeExchange, is this accurate?  Are you simple or something? Don't you see this as a big fucking problem?  BTC deposited into WeExchange was not your personal wallet to make investments with. (I can't believe I even need to explain this, are you trolling me, on top of taking my money?)  

I demand my BTC that I deposited.  I care where it comes from sure. But that isn't even an issue. I simply deposited money to you, assuming it was a safe place to deposit like your tag line says on your website, ("A safe way to pay and get paid") and you spent it on an gamble investment. And you continued to take money knowing you couldn't pay it back for over 2 months. This is a serious situation.  If you don't see the problem with this than you either have serious mental deficiencies or are psychotic.  You will pay, if I don't get my money back you are fool to think that this will just go away. I know who you are , so does anyone who wants to know, you will not be able to hide for ever. No amount of money will cover what you could lose, such as time spent in prison or worse.

The only chance you have of improving your situation is at least telling people what the fuck happened and being honest for once. A thousand odd dollars isn't even a big deal for me. What is a big deal is being taken advantage of  and ripped off, I can't let you do that do me without any there being repercussions,  on principle. I will not let this go.

Anyone who ordered a Monarch and thought it was going to be on time is pretty dumb.

This company has a terrible, terrible track record. Some of the last generation products were what, shipped a YEAR late? More than a year?

It was painfully obvious there was no way in hell they were going to finish the Monarch when they said.  I said as much when they first announced it, trying to talk people out of ordering. You have to be just plain dumb if you thought they would ship on time, knowing their slimy track-record.

I feel bad for the people who ordered all the non-Monarch gear, that was a shitty mess to be in. But I don't feel that bad for people who ordered Monarchs. Once again, you were just plain dumb to believe they'd ship it on time if you did any research at all into the company.

BFL probably only had the vaguest idea of how to build the Monarch. They probably just some doodles on a napkin which was the extent of the design plans when they announced the product. All the idiots who ordered the product gave them money to actually feasibly develop it.  I'm guessing the first Monarch will arrive late May, early June. No way it's going to ROI, not a chance (if you paid in BTC. If you paid in fiat, then maybe)...  

mBit  rolls of the tongue the easiest. Thus, I think it is the winner.

Ya I hear that dude ^^^^^^^^

It makes me both angry and amused at the same time to hear the Syrian government blaming all of it's country tearing itself apart on 'terrorists'.  Who are they fooling? If your government is actively trying to kill half its citizenry  then it is probably not legitimate.


The sad fact is that most of America's opponents, aka 'the scary terrorists' , fall into one of these 3 categories.

1) The occasional loonie.  He accounts for maybe 1% of terrorist attacks. Okay fine, he is a terrorist. This is the rarest, most uncommon form of terrorist.

2) Terrorists made by the government that is trying to kill them.  Such as Al Qaidea.  Al Qaidea was brought to power / given power and arms by the CIA to fight the Russians. Many other terrorists cells were once in the pay of the U.S government , and now that they aren't following orders anymore, are then used as villains for PR purposes.  

3) People defending themselves or their country.  Okay so you can't blow some one up with a home made bomb.  But you can bomb a country with an air force, rape their women, kill their kids by the dozens, just in order to expand your fruit selling business? One of 1000 examples   http://en.wikipedia.org/wiki/1954_Guatemalan_coup_d'état

And then the real kicker:  If the founding fathers of the United States were alive today they would likely be considered 'terrorists' by today's government, just for the ideals they had. That about sums it up.

edit: also thought I'd add, just about the only people the NSA doesn't spy are .... wait for it.... terrorists.  That's right.  Terrorists actually use the available tools to get around being tracked. The NSA spies on everyone else BESIDES the terrorists. And if you don't like them spying on you -- you are a-- you guessed -- you are a terrorist. Because you won't want to be spied on if you didn't have anything to hide, right ?