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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
 Offline
Activity: 1316
Merit: 1043
👻
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March 30, 2013, 04:54:27 AM |
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Regarding his btcjam loan, this was on the 16th: "yeah i fucked up on the btcjam thing, didnt realize the payments would start immediately, so some see me as in defaultfolder ... so usually I am working maintenenca on the rigs or out in the oilsands, working out on a friends farm right now modifying some trailers"
I have lent him around 120 BTC worth in assets.
Looks like some shenanigans are going around with his BAKEWELL asset - selling shares reserved for growth and maintenance.
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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March 30, 2013, 05:01:02 AM |
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He borrowed money to gamble on futures!?  Dude needs to get some help. Three Avalons will only enable his addiction. |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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Pharaoh
Newbie
Offline
Activity: 24
Merit: 0
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March 30, 2013, 05:05:16 AM |
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he shorted 600 BTC at $34.50.
$20k borrowed and $70k owed for a 3 month loan. Ouch! |
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Deprived
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March 30, 2013, 05:18:56 AM |
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He borrowed money to gamble on futures!? Dude needs to get some help. Three Avalons will only enable his addiction. He didn't borrow to gamble on futures - he borrowed to use in fiat. But of course with repayment in BTC it works out as though he HAD gambled on futures. |
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MoonShadow
Legendary
Offline
Activity: 1708
Merit: 1007
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March 30, 2013, 05:19:15 AM |
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I loaned him 60 BTC myself. I definately didn't get a payment either.
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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March 30, 2013, 05:33:55 AM |
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Damn MS, that sucks. Time for an intervention and some tough love. Good thing he's easier to find than pirate. To the Bitcoinmobile! |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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Phinnaeus Gage
Legendary
Offline
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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March 30, 2013, 04:48:55 PM |
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^ Don't let Rassah see that car.
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
👻
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March 30, 2013, 11:57:51 PM |
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He openly stated his intent was to get the loan as a means of being short on BTC.
I saw that train wreck coming 100 miles away.
Did he? I only saw him put that in the sig AFTER he got the loan. |
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oakpacific
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March 31, 2013, 07:02:10 AM |
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Never short more than what you can make from your long.
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Bowjob (OP)
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March 31, 2013, 08:47:59 AM |
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That's it for Ian then. Scammer tag please. Though I do believe he intended to pay back.. The rally forced him into hiding.
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It seemed like a good idea at the time.
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LoweryCBS
Sr. Member
Offline
Activity: 364
Merit: 250
firstbits 1LoCBS
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March 31, 2013, 04:13:43 PM |
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oakpacific
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April 01, 2013, 04:44:43 AM |
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He is busy deleting his posts right now, I don't know what did he delete though.
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01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
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April 01, 2013, 04:45:01 AM |
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Last Active: Today at 11:43:35 PM
Signature:
Well that didn't work out
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oakpacific
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April 01, 2013, 04:47:38 AM |
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Last Active: Today at 11:43:35 PM
Signature:
Well that didn't work out
His total number of posts get reduced from 555 to 548 after he signed in, I wonder what he deleted. |
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Bowjob (OP)
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April 01, 2013, 04:58:00 AM |
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Perhaps we'll see some settlement. I see TF selling Ian's debt for 99 BTC.. Ouch.
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It seemed like a good idea at the time.
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usagi
VIP
Hero Member
Offline
Activity: 812
Merit: 1000
13
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April 01, 2013, 06:56:41 AM |
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Last Active: Today at 11:43:35 PM
Signature:
Well that didn't work out
His total number of posts get reduced from 555 to 548 after he signed in, I wonder what he deleted. I checked; he deleted his youtube videos on his channel, and a number of his other accounts listed here have gone blank too. On a lark I also went back and checked some of the stuff he was posting about me back when he was scamming me, CPA and BMF. You know, stuff like "Usagi is a double talking scammy fuck who should come with a warning." (Quote from: ianbakewell on October 16, 2012, 12:49:57 AM) and posts where he was lying about his financial position, and lying about CPA saying it was bankrupt and telling others to stop paying their CPA premiums. That makes what Ian did here even worse. He pretended to be a shining example of decency and honesty. He pretended that everyone could trust him. He even shat on me for stuff that wasn't my fault because he thought it would make people trust him even more. And in the end when things got tough he took stock of his surroundings, and he fucking cashed out. That's right, he borrowed as much money as he could and he walked off. I have half a mind to go after him myself just to slap him in the face. He doesn't owe me any money (although it's looking more and more like he lied about BMF's BAKEWELL shares now). |
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fourd00rgtz
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April 01, 2013, 11:58:03 PM |
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He's full on deleted himself back to 25 posts, no doubt trying to erase all traces of his dealings.
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MoonShadow
Legendary
Offline
Activity: 1708
Merit: 1007
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April 02, 2013, 12:05:34 AM |
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This should serve a lesson to even members who have not lost due to Ian. A public thread on this forum is no certainty of proof of debt. He can't delete PM's.
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
👻
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April 02, 2013, 03:09:28 AM |
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Great.
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