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Author Topic: StakeMiners: restricted withdrawals, falsified stats, insolvent. Do not invest!  (Read 12149 times)
suchmoon (OP)
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January 05, 2016, 07:38:47 AM
 #101

at any time those values can change

And until such time that those values reach 126 BTC - you're lying. Simple as that. Publish the real value of your coins. Why wouldn't you?
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January 05, 2016, 07:49:15 AM
 #102


If "coin markets" triple overnight I will congratulate you on your amazing luck. Until that happens you either come clean to your existing and potential investors, or I will continue to call you a liar.

So let me get this straight if the coin markets triple overnight I am not a liar, but if they drop from when the original investments were made I am the liar.

Ahh ok I see, so the exchange rate is what makes me a liar not what we ACTUALLY hold. Very interesting concept. thank you for again clarifying.


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January 05, 2016, 08:00:17 AM
Last edit: January 05, 2016, 09:35:55 AM by cyberpinoy
 #103

I'm correctly calling you a liar because you claim that StakeMiners has 126 BTC invested.

He is probably not lying about people investing 126 BTC with him. What he is not saying is that he has lost over half the BTC value of their investments.

You don't understand. cyberpinoy coulda had class. He coulda been a contender. Leroy Fodor coulda been somebody, instead of a bum, which is what he is, let's face it.

I did not "lose" anything, we in crypto are all at the mercy of the markets. There is nothing we can do about that, People would have and do see the same kinds of losses in their own solo staking wallets, the difference is with us they earn more stakes more frequently where as on their own not only are they getting hit with low values right now, but the difficulty is so high making it very complicated for them to earn as much on their own as they would with us.

 I am proud to say i do work very hard for our clients, every day. I make sure to provide them with a staking service that creates and is credited with stakes in every wallet every single day. I was even told by a team that we should not be getting a stake every day in their wallet, but yet we do, sometimes it skips one day but then stakes twice the next day. But on average we get 1 stake a day in every wallet, multiple stakes in some.

This is not POW mining. POS takes work and knowledge, you just dont plug a miner in and walk away. In POS Mining, you will get out exactly what you put in. Minimal work will get you Minimal rewards. ill structured wallets will gt low rewards. What people like about our service is they can see the difference mining thru us compared to mining on thier own. I know you guys are all pro POW and don't really like nor understand POS and that is fine too.

EDIT: I do not want to be a contender of anything, Including you guys attack on me and the StakeMiners service, which has never missed a payment in almost a year now. And I do not want to be a somebody, I want to be part of a service that provides recurring income opportunities in the crypto world, something we have very few of.

EDIT EDIT:
But I do not appreciate being called a liar when i am not, I do not like biased attacks from competitors who are most likely trying to garner customers thru their attack, extortionists trying their best to get me to pay them to shut up. I do not appreciate a lot of things you guys do, which I could very well do right back and I do not.

Why can we not just be civil in crypto, why is there so much toxicity and always attacking the wrong people.

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January 05, 2016, 09:35:15 AM
 #104

For the record I'm reporting all cyberpinoy's posts to mods for violating rules 22/24:

https://bitcointalk.org/index.php?topic=703657.0

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22. Advertising (this includes mining pools, gambling services, exchanges, shops, etc.) in others threads' is no longer allowed, including, but not limited to, in altcoin announcement threads.

[...]

24. Advertisements in posts aren't allowed unless the post is in a thread you started and is really substantial and useful.

You're welcome to edit the ads out and continue the discussion within the rules of the forum.


I owe Suchmoon one medium size blowjob, extra charges apply for any cupping request. Great post, bud. HAHAHA
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January 05, 2016, 09:38:08 AM
 #105


You're welcome to edit the ads out and continue the discussion within the rules of the forum.


Well if thats not the pot calling the kettle black nothing is.

When you can follow the laws governing your state and country, as well as the rules on this forum I will to.

You and gleb were both asked not to post in my SMT which by the rules means you are not allowed to, But yet you didn't follow that rule now did you? Scroll up or back where gleb pointed out my thread was unlocked at which time you gladly broke the rules didnt you?

And dont say you dont know the rules or that isnt a rule, because you get the message every time I delete one of your libelous posts in my thread or others do in theirs.

Quote from: Gleb Gamow
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.


Wow, i'm called out for breaking a rule, but you get to lie your motherfuckin' ass off. Call your mother and tell I won't be visiting for fear of catching what you already have. HAHAHA
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January 05, 2016, 09:40:08 AM
 #106

Sorry for serial posting, last one for now:

As of 1:24 Philippines time we have 108942.796126 HBN in address F5Vcy6RZxHz1JVtSLZzsRsx2iMKFY2VMRw.

All you had to do was ask me. Email works fine every day Smiley

I'm not going to hunt your coin balances via e-mail or fax or carrier pigeons. It is YOU who locks threads, blocks PMs, deletes Facebook comments, etc, so I have no intention to waste my time figuring out how to reach you.

I have also REPEATEDLY told you to NOT send me personal messages. I don't trust you and I don't want any private communications with you.

Much like thqat message reads, Email works fine every day. Plus there are 4 or more forms all over the website, and a handful of email addresses you do know, so "hunting" seems to be a strong word since we have so many different portals (Including a google hangout) where you can very easily contact us or me personally.

I have repeatedly asked you to professionally conduct yourself when talking about StakeMiners, As well as repeatedly asked you to stop breaking the laws of Defamation Libel and harrassment. Guess now you know hw it feels when one does not listen to you.

HAHAHA. No ad, Leroy Fodor? Wonder why. I know. You've been served. Have I told you lately that you're a motherfuckin' retard?
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January 05, 2016, 09:43:08 AM
 #107

And how does a situation like this effect your chart? What does the exchange rate going up do to the respective holding of that or other coins whose exchange rate increases by by any percent, and hjow would this show in your little chart suchmoon?

It is all properly accounted for in my spreadsheet. Netcoin value went up by ~2 BTC but other coins went down by more than that resulting in a ~8 BTC total loss for the month.

So we can safely see your charts are not correct in calling me a liar, since at any time those values can change and your attack is merely at the mercy of the coin markets.

That is all we needed to know.

Thank you now we better understand your point and your agenda.

I'm correctly calling you a liar because you claim that StakeMiners has 126 BTC invested. The real amount is nowhere near that. It was ~50 BTC last month and ~42 BTC this month and is steadily going down. Therefore your statement about 126 BTC is a lie.

If at any point the real value of your investments comes within 10% of your declared value I will put "NO" in the spreadsheet. You can achieve that in one of two ways:

1) start publishing the real investment value instead of your bogus 126 BTC

or

2) show wallet addresses containing 126 BTC (or at least 114 BTC to come within 10%)

Again since it just wont get thru your head

So we can safely see your charts are not correct in calling me a liar, since at any time those values can change and your attack is merely at the mercy of the coin markets.

That is all we needed to know.

Thank you now we better understand your point and your agenda.

Get it now?


Leroy Fodor, by your last couple posts it's a giving that you're nothing' but a Goddamn con artist, and one day your retard wife is gonna leave your lyin' piece of shit ass. HAHAHA
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January 05, 2016, 09:44:30 AM
 #108


If "coin markets" triple overnight I will congratulate you on your amazing luck. Until that happens you either come clean to your existing and potential investors, or I will continue to call you a liar.

So let me get this straight if the coin markets triple overnight I am not a liar, but if they drop from when the original investments were made I am the liar.

Ahh ok I see, so the exchange rate is what makes me a liar not what we ACTUALLY hold. Very interesting concept. thank you for again clarifying.



Ram a plunger up your ass, you motherfuckin' retard.
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January 05, 2016, 09:47:56 AM
 #109

I'm correctly calling you a liar because you claim that StakeMiners has 126 BTC invested.

He is probably not lying about people investing 126 BTC with him. What he is not saying is that he has lost over half the BTC value of their investments.

You don't understand. cyberpinoy coulda had class. He coulda been a contender. Leroy Fodor coulda been somebody, instead of a bum, which is what he is, let's face it.

I did not "lose" anything, we in crypto are all at the mercy of the markets. There is nothing we can do about that, People would have and do see the same kinds of losses in their own solo staking wallets, the difference is with us they earn more stakes more frequently where as on their own not only are they getting hit with low values right now, but the difficulty is so high making it very complicated for them to earn as much on their own as they would with us.

 I am proud to say i do work very hard for our clients, every day. I make sure to provide them with a staking service that creates and is credited with stakes in every wallet every single day. I was even told by a team that we should not be getting a stake every day in their wallet, but yet we do, sometimes it skips one day but then stakes twice the next day. But on average we get 1 stake a day in every wallet, multiple stakes in some.

This is not POW mining. POS takes work and knowledge, you just dont plug a miner in and walk away. In POS Mining, you will get out exactly what you put in. Minimal work will get you Minimal rewards. ill structured wallets will gt low rewards. What people like about our service is they can see the difference mining thru us compared to mining on thier own. I know you guys are all pro POW and don't really like nor understand POS and that is fine too.

EDIT: I do not want to be a contender of anything, Including you guys attack on me and the StakeMiners service, which has never missed a payment in almost a year now. And I do not want to be a somebody, I want to be part of a service that provides recurring income opportunities in the crypto world, something we have very few of.

EDIT EDIT:
But I do not appreciate being called a liar when i am not, I do not like biased attacks from competitors who are most likely trying to garner customers thru their attack, extortionists trying their best to get me to pay them to shut up. I do not appreciate a lot of things you guys do, which I could very well do right back and I do not.

Why can we not just be civil in crypto, why is there so much toxicity and always attacking the wrong people.

https://forum.gethashing.com/t/pos-mining-stakeminers-com/3925/700

Quote
It does not say if you want to be a serious investor, it says if you are serious about investing, please lets not twist words, I deal with it enough from Suchmoon and Bruno. He was saying , as I am taking it, if you are serious and would like to invest but have questions about the service to ask.

2013-May-26: http://www.dslreports.com/forum/r28321242-I-Need-network-help

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I have been trying to work with them but the problem is the structure of the business itself they are running an ISP like an internet cafe making people share lines. We get 860 KBPS across the street in our home but our cafe only is getting 16 to 30 today it is 6 to 16kbps. the funny thing is my cafe is right next to the pole and the house has a line spliced into the middle of the main line and ran across the street 20 to 25 meters(about 65feet) away.

16-01-14  01:10 AM: http://forum.hon.garena.com/showthread.php?50436-Match-making

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Ok Well first I live in the philippines, I used to own an internet cafe and the problem was not a problem at all, because there were always people playing HoN/[CENSORED BY ADMIN][CENSORED BY ADMIN][CENSORED BY ADMIN][CENSORED BY ADMIN]/LoL 24 hours a day and we could make teams that way, but I sold the cafe and now play by myself, Finding dependable friends to play with is not as easy as you may think. If I were in America I would easily find them many different portals to start a clan all in the same house to play HoN. No problem there, I have a lot of friends in my list on HoN however usually only 3 to 4 online at a time. I however spend a good portion of my day online usually playing either [CENSORED BY ADMIN][CENSORED BY ADMIN][CENSORED BY ADMIN][CENSORED BY ADMIN], HoN or LoL, sometimes I delve into starcraft 2 defense tower matches, and other games, I only have 250 games on my computer. hehe.

01-03-14  02:06 AM: http://forum.hon.garena.com/showthread.php?51276-Looking-for-Active-Players&p=338370&viewfull=1#post338370

Quote
And again i am not a hybrid, I am not Filipino or Pinoy none of the above, I live here thats all, I was not born here, Neither my mom nor dad was Filipino, they were Italian actually, I do not like it here to be honest, but this is where I am at the present moment, and I have seen many MANY Filipino players, and I can tell you, they are better than what you have experienced. I would say your experiences come from the rich kids at home comfy in their chair. The real players play in cafes, and dont have tons of money, and my cafe was one of the only cafes in our area that even offered HoN in their gaming network, most only offer Dot@1 so I can imagine what players you are actually getting from the Philippines.

15-03-14  01:28 AM: http://forum.hon.garena.com/showthread.php?51560-Something-really-wrong-w-the-forums&p=339193&viewfull=1#post339193

Quote
I was thinking the same thing LOL

I do not know why people report IGNs maybe they got mad about something else and the IGN was the only thinng they could legally report about.

This is a SEA site there for most people here do have broken english.

Most people including OPs do not read all of the thread and replys before posting.

I can say I own a cafe, therefore instead of wasting time in the forums most peope just want to play, they pay for their time on the internet by the minute, so a lot of people in Phils, who use cafes, dont have time for the forums.

I actually did read the TOS

22-03-14  04:16 AM: http://forum.hon.garena.com/showthread.php?51666-Legacy-Accounts-Still-Work

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Hello this is more an informative post. I own a cafe and I I am asked constantly what a Legacy account is and what it does. I knew some of the answers because I activated it once about 2 months ago. But then I saw a post that said Legacy accounts were no more. In garena Hon you do have legacy accounts. I do not know about EA. I can show now the steps of how to redeem your legacy account.

07-04-2013 01:09 PM: http://forum.lol.garena.ph/showthread.php?51165-Connectivity-Issue-7-03-2013&p=856455&viewfull=1#post856455

Quote
My cafe will give you guys some time to fix, but with the already bad reputation of LOL and problems of this scale I dont see how it is even worth it to install the game on my other computers. We are very VERY serious Dota and HoN players with tournaments, team matches, clan battles and many other things we offer our customers. but problems like this will only ruin my day with the complaints from my customers. If I can't fix the problem myself and it is out of my hands, it really bothers me. I am a customer satisfaction business, and when others problems effect my customer satisfaction it creates problems with me.. We are competitors and we hate to lose, especially when its a technical malfunction we can not control.

Please fix this error so i can better judge the plyworthiness of this game in my cafe.

11-04-14  03:14 AM: http://forum.hon.garena.com/showthread.php?51958-Why-the-censor-of-the-word-Dot&p=341489&viewfull=1#post341489

Quote
The lack of player base must equal the difference in lifestyle expendatures. Lets take Philippines as an example. In philippines we spend 1000 pesos and get roughly 1100 gold coins. 1000 pesos is a lot of money for a person to spend on a game considering they make roughly 250 pesos a day to work. 1000 pesos is only 22 us dollars. As an avid gamer my wife and I both played games while living in america spending 40 dollars each 1 time to 2 times a week on 3 different game4s, Plus Netflix, and all our other entertainment, satellite TV cable TV 10MBPS internet connection, cell phones, so on and so forth. Mostly because to us 40 bucks each was nothing to spend on a game we enjoy playing together. On Average a Filipino may, and I stress MAY spend this 1000 pesos once maybe 2 times a year unless something happy happens and he has another time he may have the extra money. But most likely they will spend absolutely nothing on the game at all. I can tell you owning a cafe for a year, not 1 single customer has ever bought or used garena shells. Not 1. They concentrate more on putting their money into the computers and dont care about the extra costs for the games themselves. And I have people that come from about 12 different cities and play in my cafe.

Knowing all of this I estimate altho you have a massive amount of people playing on these servers how many of them are actually spending money?

15-05-14  05:18 AM: http://forum.hon.garena.com/showthread.php?52312-Queue-times&p=344076&viewfull=1#post344076

Quote
So why are you wasting your time and reply at all HAHAHA

To all the others thank you, I was not whining as flamboyant flamberge noted, I was wondering what my next step would be, Something flamberge does not understand is in cafes sometimes you dont have 20 to 40 minutes to wait around, I dont have that rpoblem but many others who use cafes do, they have to pay for theirtime by the minute, this thread is a good way for anyone to set their MMR at a respectable time conserving area, a place where they know they can sit and play unranked games with a time wait in their frame of time. I see so many games where people get DC not because of bad connection but because they waited 18 minutes to connect to a game thehn their alloted time on the arcade ran out so they have no choice but to leave the cafe. if you are in a ga,e with me in my cafe Ill throw a few pesos in your machine so you can finish your game. but not all owneres are like me.

I needed to know a good area to stop raising my MMR and play unranked games with little wait times. That was why i started this thread. Yes flamberge you are right the game itself is free, but to many Filipinos being able to play the free game is not so free.

July 14, 2014: https://cryptsy.freshdesk.com/support/discussions/topics/4000281083

Quote
Below is a picture of a referral train I tried to set up in my cafe, everyone in my cafe as well as 3rd tier referrals were denied. without a way for me to appealthe denial and give proof of our actions I lost the referrals and now the ones who tried to connect into the system will be banned because we tried to connect under the same IP once already.

https://cryptsy.freshdesk.com/helpdesk/attachments/4004475392

November 23, 2014, 02:34:54 AM:


Ahh and now the attack on the country where I am, well let me share something with you. Cyberpinoy was the name of our internet cafe, (one of the businesses we sold) I in fact am not Filipino. I am american and a YANKEE of all horrible things HAHAHA.  Always remember its not very nice to judge people by the stupidity that is spread about their lifestyles or the uneducated stereotype rumors about where they are from.If I were to believe things like this I would assume since you are from Georgia, you are an inbred moron who most likely ate your sister mistaking her for a pig. You are most likely missing over half your teeth, bath in the river once a month,  and still staring at your Miners wondering how the mouse and keyboard connect to this computer HAHAHA. I would be careful how you stereotype people being from Georgia HAHAHA you guys have a few of your own.

And FYI the Philippines is not the country that killed their female young that was China and it was a very long time ago. Please update your library of books, or just get online and google stuff before you make such ridiculous posts.

November 29, 2014, 08:57:45 PM:

It is astounding to me how utterly stupid the Filipino people are. As an american living here i have noticed a lot about Filoipino native people. this is a country of opportunists. It has a population of people where 90% of the people are scammers, con artists, thieves, beggers, lazy with their hand out, want to get money for nothing people. Even the Huge business corporations are no different. Their business structure is lacking in so many aspects of true honest business. Their lifestyle lacks ethics of any kind, and the rule among thieves does not apply to these people. They are a monkey see monkey try and do kind of people. A follow the leader mentality. SO why more of these people who want to sit on their ass and do nothing for money have not jumped on board with Bitcoins is beyond me. They will sit in front of a computer for hours on end trying every work at home pyramid scheme you can find, I know becasue I own a internet cafe and watch them regularly wasting their time and money. Their ISP IPs are banned all over the internet for spamming, thier business structure lacks common business logic and business ethics. They are a culture full off opportunists who refuse to take advantage of an opportunity that can make them literally rich over here.


22-December-2014, 10:03 AM: http://www.world-bitcoin-forum.com/showthread.php/64492-Bitcoinbegger?p=563618&viewfull=1#post563618

Quote
All you have done is increased awareness to his site, My family and I went thru a fire that destroyed our first mining farm with solar panels, as well as a 15 unit Internet cafe a Disco bar and a small grocery store, and above all our home and everything we owned. I am now stuck in the Philippines where everyone takes advantage of me, even overcharge me to buy the most basic needs like meat and other food. I can not get a job of any kind. We also asked the Bitcoin community for help even put our land up for sale for Bitcoins or to be used as collateral for a Bitcoin loan, We got nothing, not 1 satoshi from the wonderful wallet fulls of bitoins and its community. We could not even get a loan for some bitcoin to get another mining farm started. Everything I have in bitcoins I earned the hard way, working my ass off every day. At least this guy has a job, be it may be a job he is displeased with but he has one, I had to start a bitcoin business with absolutely no money in my pocket, spending sometimes 20 hours straight doing faucets every 15, 30 and 60 minutes religiously. This guy wasted his wealth on a bunch of pump and dump schemes, lost it gambling and doesn't like his job and wants everyone to bail him out. I am happy he chose the ethical route and asked for donations instead of scaming others, but sometimes you just have to buckle down, at least he has an income to try and build a bitcoin business, Try doing it with absolutely NO income of any kind.

The following is a timeline of what Leroy Fodor had to say about owning, selling, losing, etc., his Internet cafe there in the Philippines.

December 8 (local date), 2012: Leroy Fodor's cafe burnt to the ground.

May 26, 2013: Cafe operational.

July 4, 2013: My cafe...

January 16, 2014: I sold the cafe.

March 1, 2014: ...my cafe was one of the only cafes in our area...

March 15, 2014: I own a cafe.

March 22, 2014: I own a cafe.

April 7, 2014: My cafe will give you guys...

April 11, 2014: And I have people that come from about 12 different cities and play in my cafe.

May 15, 2014: ...in my cafe...

July 14, 2014: ...in my cafe...

October 23, 2014: Looking for a loan... I ended up selling the land...

November 23, 2014: Cyberpinoy was the name of our internet cafe, (one of the businesses we sold).

November 29, 2014: I own a internet cafe

December 22, 2014: ...a fire that destroyed our first mining farm with solar panels, as well as a 15 unit Internet cafe...

All the above is by Leroy Fodor depicting his INTERNET CAFE sans any twisted commentary by myself, Bruno.
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January 05, 2016, 02:38:44 PM
 #110


If "coin markets" triple overnight I will congratulate you on your amazing luck. Until that happens you either come clean to your existing and potential investors, or I will continue to call you a liar.

So let me get this straight if the coin markets triple overnight I am not a liar, but if they drop from when the original investments were made I am the liar.

Ahh ok I see, so the exchange rate is what makes me a liar not what we ACTUALLY hold. Very interesting concept. thank you for again clarifying.

No, lying makes you a liar. You cannot show that you have 126 BTC.

I'm correctly calling you a liar because you claim that StakeMiners has 126 BTC invested.

He is probably not lying about people investing 126 BTC with him. What he is not saying is that he has lost over half the BTC value of their investments.

You don't understand. cyberpinoy coulda had class. He coulda been a contender. Leroy Fodor coulda been somebody, instead of a bum, which is what he is, let's face it.

He's not lying the same way Bernie Madoff was not lying about his investment gains. If his bank account tripled overnight the ponzi could have lasted longer.

EDIT EDIT:
But I do not appreciate being called a liar when i am not, I do not like biased attacks from competitors who are most likely trying to garner customers thru their attack, extortionists trying their best to get me to pay them to shut up. I do not appreciate a lot of things you guys do, which I could very well do right back and I do not.

Why can we not just be civil in crypto, why is there so much toxicity and always attacking the wrong people.

What am I competing with you at? Are you by any chance lying again?

Read your own garbage that you posted on these forums and on gethashing over the last year or so. Read the trust feedback you left to me and some of your other opponents.

If you want it to be civil why don't you start with yourself. For example you could admit that you didn't find out about bitcoin until 2014, apologize to kano for trying to school him on mining, disclose the full financial picture of StakeMiners, and stop throwing a fit every time you see something you don't like.

But we both know that's about as likely to happen as the "coin market" tripling overnight.
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January 05, 2016, 02:50:53 PM
 #111


If "coin markets" triple overnight I will congratulate you on your amazing luck. Until that happens you either come clean to your existing and potential investors, or I will continue to call you a liar.

So let me get this straight if the coin markets triple overnight I am not a liar, but if they drop from when the original investments were made I am the liar.

Ahh ok I see, so the exchange rate is what makes me a liar not what we ACTUALLY hold. Very interesting concept. thank you for again clarifying.



Why do you keep pointing out being at the mercy of the markets likes it's some get out of jail free card?

the fact that POS coins continuously go down in value because so many are created out of thin air is why we have been saying your business is stupid from day 1.

If by some miracle a coin's value goes up by 300% you won't be a liar, but that won't happen. Taking BTC and turning them into POS coins that go down in value is a stupid plan, and the fact you continue to spout your 126 BTC number even though coins have been withdrawn from that and the value of many of the coins has plummeted since you invested in them proves you are dishonest.

All we have asked for is transparency and you refuse to provide it.
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January 05, 2016, 03:00:33 PM
Last edit: January 05, 2016, 03:16:41 PM by dooglus
 #112

Answer just one question Suchmoon, and just answer the questions no additional nonsense needed.

On Netcoin I notice something very interesting.

On December 4th I see you have a total coins of 22,686,580 at a value of 23.36717792 BTC
On January    4th I see you have a total coins of 22,566,606 at a value of 25.50026562 BTC

So how is it StakeMiners can hold less Netcoins this month than last month yet the value in BTC is higher.

The price went up by about 10% from 103 satoshis to 113 satoshis while the number of coins barely changed.

Of course that results in a higher BTC value.

Was it a trick question or did you really not know the answer?

Edit: having read the rest of this thread it appears that you are confused. It looks like your investors gave you ~120 BTC, you used them to buy altcoins which have since reduced in value to ~40 BTC, but you're claiming that you still have ~120 BTC invested.

Any reasonable person would say that your investors have lost 80 BTC.

You seem to be saying that they didn't lose anything because the altcoin prices might go back up again? If so, that's silly. The current price is the current price. Currently your holdings are worth closer to 40 BTC than 120 BTC. Wouldn't you agree?

Your whole selling point seems to be that you can stake faster than solo-stakers can. But you still can't stake faster enough to keep up with the fall in value of the altcoins you own.

The biggest problem is that you are allowing people to withdraw their initial investment even though the coins you bought with their deposit have lost 66% of their value. Where is the shortfall coming from, if not from the other investors? What happens if someone withdraws 40 BTC of the remaining 120 BTC? Wouldn't you have to sell all your remaining altcoins yet still have 80 BTC of outstanding liabilities?

These are the things that are making people "libel" you I think. Can you clear them up and show us how you aren't really insolvent?

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January 05, 2016, 03:15:32 PM
 #113

Answer just one question Suchmoon, and just answer the questions no additional nonsense needed.

On Netcoin I notice something very interesting.

On December 4th I see you have a total coins of 22,686,580 at a value of 23.36717792 BTC
On January    4th I see you have a total coins of 22,566,606 at a value of 25.50026562 BTC

So how is it StakeMiners can hold less Netcoins this month than last month yet the value in BTC is higher.

The price went up by about 10% from 103 satoshis to 113 satoshis while the number of coins barely changed.

Of course that results in a higher BTC value.

Was it a trick question or did you really not know the answer?

He was tricking suchmoon to make the "gotcha" statement that the value of stakeminers' holdings is at the mercy of the market prices for coins, as if that was some earth shattering revelation.

It's not like people have been mentioning that from day 1 and that knowing how the market will react is something you learn via experience so people have been trying to find out how long he has been involved in bitcoin to evaluate how qualified he is to choose which coins to invest in.
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January 05, 2016, 03:19:26 PM
Last edit: January 05, 2016, 04:07:24 PM by dooglus
 #114

Was it a trick question or did you really not know the answer?

He was tricking suchmoon to make the "gotcha" statement that the value of stakeminers' holdings is at the mercy of the market prices for coins, as if that was some earth shattering revelation.

I edited my post as you were replying to it. I see the 'gotcha' now. His argument seems to be that since prices change we shouldn't use prices to determine the value of things and instead can arbitrarily claim that our holdings are worth whatever we want them to be worth.

It's worrying that someone responsible for other people's money can think like that.

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January 05, 2016, 03:57:12 PM
 #115

And how does a situation like this effect your chart? What does the exchange rate going up do to the respective holding of that or other coins whose exchange rate increases by by any percent, and hjow would this show in your little chart suchmoon?

It is all properly accounted for in my spreadsheet. Netcoin value went up by ~2 BTC but other coins went down by more than that resulting in a ~8 BTC total loss for the month.

So we can safely see your charts are not correct in calling me a liar, since at any time those values can change and your attack is merely at the mercy of the coin markets.

That is all we needed to know.

Thank you now we better understand your point and your agenda.

I'm correctly calling you a liar because you claim that StakeMiners has 126 BTC invested. The real amount is nowhere near that. It was ~50 BTC last month and ~42 BTC this month and is steadily going down. Therefore your statement about 126 BTC is a lie.

If at any point the real value of your investments comes within 10% of your declared value I will put "NO" in the spreadsheet. You can achieve that in one of two ways:

1) start publishing the real investment value instead of your bogus 126 BTC

or

2) show wallet addresses containing 126 BTC (or at least 114 BTC to come within 10%)

Again since it just wont get thru your head

So we can safely see your charts are not correct in calling me a liar, since at any time those values can change and your attack is merely at the mercy of the coin markets.

That is all we needed to know.

Thank you now we better understand your point and your agenda.

Get it now?


Those values change so much?  By 75+ BTC?  Where can I sign up for this wonderful service at?

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January 05, 2016, 03:58:25 PM
 #116

Was it a trick question or did you really not know the answer?

He was tricking suchmoon to make the "gotcha" statement that the value of stakeminers' holdings is at the mercy of the market prices for coins, as if that was some earth shattering revelation.

I edited my post as you were replying to it. I see the 'gotcha' now. His argument seems to be that since prices change we shouldn't use prices to determine the value of things and instead can arbitrarily claim that our holdings are worth whatever we want them to be worth.

It's worrying that someone responsible for other people's money can think like that.
[/quote]

It's a little worrying, but this outcome was so obvious that I don't really feel too bad. I also wonder how many people are actually there and how much he is actually responsible for. I don't check the websites where he did his advertising often, but when I have looked through those threads I didn't see as many people defending him as you find in other scam operations like cloud mining, so I'm not sure how many real customers there are.

If he really took in 128 btc and only had 40 btc worth of coins left wouldn't there be some people complaining like when various mining companies failed, when pirate stopped paying, when all the other scams eventually started to unravel?
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January 05, 2016, 04:06:05 PM
 #117

I just signed up at stakeminers to get access to the wallet details for myself.

I saw this:



There's no price for NET, but that seems to be the only coin held by stakeminers worth a significant amount.

According to coinmarketcap, NET is only traded on one exchange (if you don't count cryptsy, which seems reasonable): https://www.cryptopia.co.nz/Exchange - its price there is 90 satoshis.

According to my calculations then:

Quote
altcoin           units            price              value
-----------    --------       ----------        -----------
Netcoin        22581657       0.00000090        20.32349130 (https://www.cryptopia.co.nz/Exchange)
OKCash          1888129       0.00000187         3.53080123
HyperStake      1481394       0.00000106         1.57027764
HyperCrypto       32090       0.00001973         0.63313570
Tekcoin          340321       0.00000631         2.14742551
BitBean         5805054       0.00000012         0.69660648
Diamond            5125       0.00062916         3.22444500
BottleCaps       301533       0.00000419         1.26342327
Hobonickels      108708       0.00001700         1.84803600
PayCon           308034       0.00000149         0.45897066
Ratecoin         411533       0.00000100         0.41153300
Quotient         147603       0.00000080         0.11808240
                                                -----------
                                                36.22622819 BTC

Total holdings = 36 BTC.

If instead we use the cryptsy price for NET (https://www.cryptsy.com/markets/view/NET_BTC = 0.00000108) then the netcoin holdings are worth:

22581657 * 0.00000108 = 24.38818956 BTC, and the total holdings are worth 40.29092645 BTC.

This is much closer to suchmoon's findings than the official stateminers' valuation.

Note that I took the balances and prices from the stakeminers page and didn't attempt to verify any of them with actual reality.

It would be useful if the stakeminers page could be updated to include a calculation of the current value of the holdings, and an explanation of the difference between the actual and claimed investment values.

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January 05, 2016, 04:10:36 PM
 #118

If he really took in 128 btc and only had 40 btc worth of coins left wouldn't there be some people complaining like when various mining companies failed, when pirate stopped paying, when all the other scams eventually started to unravel?

Not if he's using long-term investor funds to make short-term investors whole.

People don't complain about Ponzi schemes until they can no longer hide their insolvency.

It appears that stakeminers still has around 33% of the coins they need to pay their liabilities. You'll see the complaints start when that number reaches 0%.

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January 05, 2016, 04:20:54 PM
 #119

Note that I took the balances and prices from the stakeminers page and didn't attempt to verify any of them with actual reality.

I did the same thing yesterday. To my knowledge StakeMiners uses Cryptonator for the exchange rates (at least the widget on the dashboard page does). NET was showing 113 sat then (edit: shows 108 now so apparently it uses Cryptsy rates).

The Cryptsy issue highlights another problem - there is no way cyberpinoy could liquidate any substantial amount of coins anywhere near those published rates. Yobit and Cryptopia don't have the volume. So if we tried to verify those rates - should we consider the order depth?
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January 05, 2016, 04:23:23 PM
 #120

The Cryptsy issue highlights another problem - there is no way cyberpinoy could liquidate any substantial amount of coins anywhere near those published rates. Yobit and Cryptopia don't have the volume. So if we tried to verify those rates - should we consider the order depth?

Absolutely... there's no way to trade even 40 btc at advertised rates... market depth just isn't there... he'd have to dig into the bottom of the offers to get back into btc...

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