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Author Topic: Am I the only one thinking that hosted asics are the perfect ponzi cover?  (Read 1642 times)
ianbakewell
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January 08, 2013, 11:32:58 PM
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"Just send us your money and we will send you profit from these magical machines you never get to see."

Two asic companies really seem to be pushing the hosted option. Same companies are having delivery problems on preorders...
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wormbog
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January 08, 2013, 11:48:24 PM
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Totally agree - hosted asics would make a fantastic cover for a ponzi. Even more so if anyone eventually delivers a real asic.
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January 08, 2013, 11:56:47 PM
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Its more than possible I guess, bloody hope not tho! Would be a pretty big thing to keep under wraps for to much long either way  Grin
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January 09, 2013, 12:29:27 AM
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The thought has crossed my mind, especially as we've already had scams that demonstrate how easy it is for someone to set up a sham mining security and do a runner. On the other hand, if any of these companies deliver there'll be a huge hashrate rise that'd be hard to fake... unless they wait until someone's genuinely shipping ASICs.

Quad XC6SLX150 Board: 860 MHash/s or so.
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January 09, 2013, 12:31:25 AM
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Crossed my mind too.  "Oops, our data centre burned down".

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
YipYip
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January 09, 2013, 03:43:31 AM
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Crossed my mind too.  "Oops, our data centre burned down".

Also a perfect cover for Self Ming as well...

Has so many ways & oppurtunitys to manipulate the situation is a really scary option


OBJECT NOT FOUND
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January 09, 2013, 03:58:49 AM
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Crossed my mind too.  "Oops, our data centre burned down".

Also a perfect cover for Self Ming as well...

Has so many ways & oppurtunitys to manipulate the situation is a really scary option


Fuck knows how many units the "Bitcoin lending syndicate" are going to receive in return for the early funding of the project, too.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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January 13, 2013, 04:18:30 AM
 #8

I don't even know why I'm bothering to practice so long to make real products for these people when I could just scam them out of their money so easily instead.
NEO2012
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March 07, 2013, 06:12:36 PM
 #9

"Just send us your money and we will send you profit from these magical machines you never get to see."

Two asic companies really seem to be pushing the hosted option. Same companies are having delivery problems on preorders...


oh yeah baby  ponzi scheme 101

and guess who came up with it

none other then  bfl josh  newlly hired at bfl  while ago  since he has basically nothing els to do all day

then lie on forumus about bfl declivery dates  the lead along  as many as he can

for the bonus he has been promised (as per % of canceled orders)

learnind from the lies and scams of bfl   he took the liberty to come up with his own

and sounds like this
give me all ur   sc and  minirigs
i will keep them in my garage

i will charger 5 times the electricity to run them

ad i will make a 3 % fee couse i run them on my pool

and need be one day when i run over a 100 minirigs just keep the earinings for a few days and


ready to retire  trinidad here i come:)
with my prv jet

true story
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