The Q & A doesn't really mean much.
Basically you don't need a 3rd party to stake coins. Why would anyone need this service? Especially if they hold you hostage for days to weeks or possibly months or forever. How is this any different than a cloud mining operation asking for contracts for x days that you can transfer?
This is set up already more likely a pyramid or ponzi or cloud mining operation that has no physical miners. The reason why there is no defined reason to believe there is a way to generate revenue nor is this process being documented for the investors anywhere on the website. What is the principal doing to achieve ROI 'within a year' for you and sufficient revenue to keep stakeminers going?
Stakeminers is an arbitrage scheme. Is this person qualified to run an arbitrage?
I have invested a small amount and so far the result ROI withing a year. Been with them for over a month.
You have invested.
You have no results of ROI within a year since you been with 'them' for only over a month.
Here is my take away on your statements so far you have given this completely anonymous person (not a company registered in any way legally) BTC and you have to wait 1 year to see any ROI?
Ya ok... so you would recommend this because you like giving BTC to people for a year and hope to get ROI with no clear explanation on how that would be achieved and provide sufficient revenue to keep this person managing the business? Has he explained the risks or terms and conditions or liability to you?
Should people feel uneasy about this investment would they not start promoting it just to get an ROI for themselves and ignore the potential for losses later after they make their money? Classic ponzi. Please educate yourself.
Lest We Forget:https://www.techinasia.com/bitcoin-pyramid-scheme-hong-kong-387m-investors-money/http://www.forbes.com/sites/jordanmaglich/2014/11/06/texas-man-arrested-for-4-5-million-bitcoin-ponzi-scheme/http://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdfBitcoin Ponzi Scheme. In a recent case, SEC v.
Shavers, the organizer of an alleged Ponzi scheme
advertised a Bitcoin “investment opportunity” in
an online Bitcoin forum. Investors were allegedly
promised up to 7% interest per week and that the
invested funds would be used for Bitcoin arbitrage
activities in order to generate the returns. Instead,
invested Bitcoins were allegedly used to pay existing
investors and exchanged into U.s. dollars to pay
the organizer’s personal expenses.
So let us recap shall we:
* There is absolutely no legal registration of this company in any jurisdiction.
* None of the principal 'owners' are identified in the event there is legal battle you would have to work pretty
hard to track down the individuals involved.
* The principals involved have little or no experienced in staking or POS coins. They have zero qualifications to
run such an investment portfolio for others. There is no documentation of work or education experience or
background of the principal(s) involved.
* You can't get your BTC out in the short term without a massive penalty.
* There is no reasonable or clear explanation of the business model or in other words how this service generates
revenue for the owner and roi for investors.
* There are no reasonable explanations to use this service given you can and should stake on your own if you
want to invest in POS coins.
* Claims that stakeminers.com is the 'MOST PROFITABLE WAY TO MINE'. That is surely misleading at least and
illegal at most to make that claim. Since claims like that are subject to oversight by consumer protection
agencies. It should be reported.
Here are some links and information just in case they will be needed by 'investors'.
Info on Complaints:
http://www.dti.gov.ph/dti/index.php/services/for-consumersConsumer Protection and Advocacy Bureau (CPAB)
2F Trade and Industry Building
361 Sen. Gil J. Puyat Ave.
Makati City, Philippines 1200
Trunkline: (+632) 751.3233
Fax: (+632) 890.4949
E-mail:
cpab@dti.gov.ph![](https://ip.bitcointalk.org/?u=http%3A%2F%2F24.media.tumblr.com%2Ftumblr_lonrtr2iLA1qabfx1o1_500.gif&t=665&c=HTcGugS2jUheBA)
DO NOT PUT ANYTHING INTO THIS VENTURE.
---
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https://www.coinarch.com/Do more than just buy and sell bitcoins. Maximise your profits with our suite of world leading bitcoin trading products.
https://www.coinarch.com/en/Info/OurLeaderMark Hergott
Mark is a Co-Founder of Coinarch. He has a diverse background including engineering, management consulting and project management with a recent focus on financial markets having worked as an exotic derivatives trader for investment banks in Hong Kong and Australia for over four years. Mark has a Bachelor of Engineering and Graduate Diploma in Business Enterprise.
How it works:https://www.coinarch.com/en/Info/AboutCoinarchTerms:https://media.coinarch.com/Tag_6.4.0/Content/Terms-and-conditions-jan-15.pdfI hope people compare the two and think about it. With real faces and experience to back it up. If you want to really spend your coins on some anonymous guy on the net just answer those get rich quick emails please.