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Question: Should amazingrando be tagged as a scammer?
Yes - 67 (94.4%)
No - 4 (5.6%)
Total Voters: 71

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Author Topic: [POLL] Bitbond (amazingrando)  (Read 5427 times)
MPOE-PR
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January 17, 2013, 10:33:05 PM
 #21

This douchebag is providing the same "service" as people like Hashking who outright lied about not being invested in pirate. Bitbond owners are unwittingly involved in a BFL passthrough which will blow up just as the last scam did.

This is a pretty good point. What do the pirate scam and the BFL scam have in common other than the fact that they were financed in (significant?) part through secret/undeclared passthroughs?

Because if there's a pool of shared human resources it's quite likely that a more or less informal but pretty criminal organization is/was running the whole thing.

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stochastic
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January 18, 2013, 04:23:34 AM
 #22

What is the outstanding amount that is owed?  Is it that difficult to get a traditional short term loan?

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January 18, 2013, 07:51:35 AM
 #23

What is the outstanding amount that is owed?

I don't know, you'd have to know the difficulty for each week since GLBSE closed and then calculate the interest from that and add it all up.

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January 18, 2013, 01:33:37 PM
 #24

What is the outstanding amount that is owed?

It's a good idea to take a look at the overall size of this scam: He sold 100,000 bonds at 0.6 BTC each (if my memory serves me right). That's a cool 60,000 BTC! Of those only 85% or 51,000 BTC are still backed by GPUs and get their interest payments. 9000 BTC worth of bitbonds are not getting interest payments. The bonds themselves have become almost worthless because of this. If we add the 2369 BTC that Namworld reported missing we get 11,369 BTC + outstanding interest that the not-so-amazingrando managed to make disappear.

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MPOE-PR
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January 18, 2013, 08:43:16 PM
 #25

What is the outstanding amount that is owed?

It's a good idea to take a look at the overall size of this scam: He sold 100,000 bonds at 0.6 BTC each (if my memory serves me right). That's a cool 60,000 BTC! Of those only 85% or 51,000 BTC are still backed by GPUs and get their interest payments. 9000 BTC worth of bitbonds are not getting interest payments. The bonds themselves have become almost worthless because of this. If we add the 2369 BTC that Namworld reported missing we get 11,369 BTC + outstanding interest that the not-so-amazingrando managed to make disappear.

Wait, he took more than gigavps?

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January 18, 2013, 08:47:59 PM
 #26

Both sold 200 000 mhash

Gigamining 40000 five mhash bonds x 1 BTC = 40000 BTC (0.2 BTC per mhash)

Bitbond 100000 two mhash bonds x 0.6 BTC = 60000 BTC (0.3 BTC per mhash)

Would make sense. Not sure he sold everything at 0.6 BTC tho.
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January 18, 2013, 09:28:12 PM
 #27

Does anyone know him personally? Or, in case he actually runs with the money, a scammer tag is the only thing he'll be getting?

EDIT: By personally I mean if anyone's got a name. And of course I don't ask for anyone to post anything here...

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January 18, 2013, 09:33:03 PM
 #28

Both sold 200 000 mhash

Gigamining 40000 five mhash bonds x 1 BTC = 40000 BTC (0.2 BTC per mhash)

Bitbond 100000 two mhash bonds x 0.6 BTC = 60000 BTC (0.3 BTC per mhash)

Would make sense. Not sure he sold everything at 0.6 BTC tho.

I think his large investors got a better deal. But the little guys who bought at GLBSE paid 0.6 BTC and are now getting ripped off. He doesn't seem to like the little guys!

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stochastic
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January 20, 2013, 02:23:18 AM
 #29

Does anyone know him personally? Or, in case he actually runs with the money, a scammer tag is the only thing he'll be getting?

EDIT: By personally I mean if anyone's got a name. And of course I don't ask for anyone to post anything here...
Maybe a google search will help.

amazingrando

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January 20, 2013, 05:51:39 AM
 #30

Does anyone know him personally? Or, in case he actually runs with the money, a scammer tag is the only thing he'll be getting?

EDIT: By personally I mean if anyone's got a name. And of course I don't ask for anyone to post anything here...
Maybe a google search will help.

amazingrando

Ok so he published his name and telephone number on the web. Now what?
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January 20, 2013, 06:01:31 AM
 #31

I have doubts this is the same amazingrando... as in it's very unlikely. There's tons of results for amazingrando leading to different people/references.
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January 20, 2013, 03:29:50 PM
 #32

Do you people think he just took off? OR did he honestly mess things up and now for some reason doesn't even answer?

I mean why would he move the shares to cryptostocks first? He could just take off before doing that...

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January 20, 2013, 03:35:01 PM
 #33

Do you people think he just took off? OR did he honestly mess things up and now for some reason doesn't even answer?

I mean why would he move the shares to cryptostocks first? He could just take off before doing that...

I think he expected BFL to ship him his ASICs before anybody noticed what he was up to and then he would have sold us an upgrade to ASICs. What he'll do now I don't know.

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January 20, 2013, 04:13:52 PM
 #34

Do you people think he just took off? OR did he honestly mess things up and now for some reason doesn't even answer?

I mean why would he move the shares to cryptostocks first? He could just take off before doing that...

I think he expected BFL to ship him his ASICs before anybody noticed what he was up to and then he would have sold us an upgrade to ASICs. What he'll do now I don't know.

Yep this.  He was borrowing (actually stealing with the intent to replace it later) investors' dividend payments to upgrade to ASICs and hoping noone would notice.  But the delays from BFL made that impossible.  Now he's in hiding and will probably stay in hiding until he gets the ASICs.  Then he'll either do a runner or use the mined income from the ASICs to pay off his debts and claim he did nothing wrong (plus offer upgrades to the.ASICs he bought with the stolen funds).

If this was a bet then I'd marginally be inclined to bet on the side that he'll just do a runner - especially if noone has any contact information allowing pressure to be put on him by contacting his friends/family/work-mates.
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January 20, 2013, 07:15:53 PM
 #35

If this was a bet then I'd marginally be inclined to bet on the side that he'll just do a runner - especially if noone has any contact information allowing pressure to be put on him by contacting his friends/family/work-mates.

Nefario knows his identity but he probably won't help us. BFL might be able to identify him as well but I don't expect them to help us either.

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Tritonio
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January 21, 2013, 02:30:54 PM
 #36

So we'll just wait till ASICs ship?

Quote
or use the mined income from the ASICs to pay off his debts and claim he did nothing wrong
I want to see how will he'll justify not talking for half a month+. "I was in the hospital."?

In any case I don't think that hiding is a good idea. He could just show up and promise to pay his forced "loan" with a higher interest than what anyone would get if he/she had invested the dividents in an average ASIC mining company. I suppose most people would accept the offer if he also admitted that he messed things up.

stochastic
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January 21, 2013, 04:36:33 PM
 #37

When was the last time someone actually got a scammer tag?

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MPOE-PR
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January 21, 2013, 05:21:08 PM
 #38

I want to see how will he'll justify not talking for half a month+. "I was in the hospital."?

Sure, why not?

Or otherwise the perennial "I've been very busy" + "personal matters".

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January 22, 2013, 12:47:07 PM
 #39

When was the last time someone actually got a scammer tag?

I don't know but I do remember that bulanula got a scammer tag because he kept 20 BTC that somebody sent him in error. Do we really need to follow in the footsteps of the prevailing legal system were the little fish get fried and the big ones get bailed out? Who's in charge here anyway?

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January 22, 2013, 01:10:39 PM
 #40

When was the last time someone actually got a scammer tag?

I don't know but I do remember that bulanula got a scammer tag because he kept 20 BTC that somebody sent him in error. Do we really need to follow in the footsteps of the prevailing legal system were the little fish get fried and the big ones get bailed out? Who's in charge here anyway?

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