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Birdy
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May 04, 2013, 02:38:37 PM |
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There are a lot of red flags waving here, but on the upside he is still here.
With the long waiting time involved it would be easy to stop it and run with the huge amount of BTC that's in there then.
I'm not gonna call it scam yet, but yes be very careful.
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"You Asked For Change, We Gave You Coins" -- casascius
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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MiningUnited
Newbie
 Offline
Activity: 28
Merit: 0
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May 04, 2013, 02:41:37 PM |
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There are a lot of red flags waving here, but on the upside he is still here.
With the long waiting time involved it would be easy to stop it and run with the huge amount of BTC that's in there then.
I'm not gonna call it scam yet, but yes be very careful. What a perfect response, we are not blind and know that our service from the outside looks like 'a scam'. Time will be the proving factor. |
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tysat
Legendary
Offline
Activity: 966
Merit: 1004
Keep it real
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May 04, 2013, 02:59:14 PM |
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There are a lot of red flags waving here, but on the upside he is still here.
With the long waiting time involved it would be easy to stop it and run with the huge amount of BTC that's in there then.
I'm not gonna call it scam yet, but yes be very careful. What a perfect response, we are not blind and know that our service from the outside looks like 'a scam'. Time will be the proving factor. It looks like a scam, or a horrible business model. |
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MiningUnited
Newbie
Offline
Activity: 28
Merit: 0
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May 04, 2013, 03:10:42 PM |
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"Looks like" - We understand this! Such a great idea like ours is still unknown, and the unknown is scary. So of course, it "looks like" a scam. How about all the people who are actually "using it"?
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tysat
Legendary
Offline
Activity: 966
Merit: 1004
Keep it real
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May 04, 2013, 03:37:55 PM |
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"Looks like" - We understand this! Such a great idea like ours is still unknown, and the unknown is scary. So of course, it "looks like" a scam. How about all the people who are actually "using it"?
So you're not addressing the fact that taking loans at a crazy interest rate is an awful business model? |
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alwaysunknown
Newbie
Offline
Activity: 7
Merit: 0
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May 04, 2013, 03:38:12 PM |
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something to watch
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MiningUnited
Newbie
Offline
Activity: 28
Merit: 0
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May 04, 2013, 03:39:55 PM |
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So you're not addressing the fact that taking loans at a crazy interest rate is an awful business model? What is so crazy about being able to generate BitCoin and paying back 1-9%? |
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bennett616
Member
Offline
Activity: 70
Merit: 10
http://www.freebitcointips.co.uk/
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May 04, 2013, 03:41:16 PM |
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@ MiningUnited - Please respond to my PM or Email dude  Andy B |
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MiningUnited
Newbie
Offline
Activity: 28
Merit: 0
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May 04, 2013, 03:44:44 PM |
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@ MiningUnited - Please respond to my PM or Email dude Smiley
Andy B We sent you a reply, and you sent us back some options for advertising on your website. We are still looking into the options. (This is what he is referring to) |
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bennett616
Member
Offline
Activity: 70
Merit: 10
http://www.freebitcointips.co.uk/
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May 04, 2013, 03:46:13 PM |
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@ MiningUnited - Please respond to my PM or Email dude Smiley
Andy B We sent you a reply, and you sent us back some options for advertising on your website. We are still looking into the options. (This is what he is referring to) Ok thank you Andy B |
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tysat
Legendary
Offline
Activity: 966
Merit: 1004
Keep it real
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May 04, 2013, 03:52:18 PM |
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So you're not addressing the fact that taking loans at a crazy interest rate is an awful business model? What is so crazy about being able to generate BitCoin and paying back 1-9%? Sorry about sound like an ass, but if I have to explain why taking loans at 1-9% interest PER DAY is a bad idea then you're either a child or mentally deficient. EDIT: I'm not sorry. |
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BadBear
v2.0
Legendary
Offline
Activity: 1652
Merit: 1127
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May 04, 2013, 03:52:42 PM |
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So you're not addressing the fact that taking loans at a crazy interest rate is an awful business model? What is so crazy about being able to generate BitCoin and paying back 1-9%? The fact that you're borrowing money to do it with instead of using your own, and offering ludicrous interest rates to do it? You could get far larger loans with much less interest, except those people would look at your "business plan" and realize it's a classic ponzi scheme. For the newbies, here's a good thread to read, a (then unknown)ponzi that ran for several months. Notice the similarities in the excuses used by the operators. "I know it looks like a scam but my reputation!". https://bitcointalk.org/index.php?topic=50822 |
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tysat
Legendary
Offline
Activity: 966
Merit: 1004
Keep it real
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May 04, 2013, 03:53:25 PM |
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So you're not addressing the fact that taking loans at a crazy interest rate is an awful business model? What is so crazy about being able to generate BitCoin and paying back 1-9%? The fact that you're borrowing money to do it with instead of using your own, and offering ludicrous interest rates to do it? You could get far larger loans with much less interest, except those people would look at your "business plan" and realize it's a classic ponzi scheme. For the newbies, here's a good thread to read, a (then unknown)ponzi that ran for several months. Notice the similarities in the excuses used by the operators. "I know it looks like a scam but my reputation!". https://bitcointalk.org/index.php?topic=50822Thank you for reading my mind and putting my thoughts into words! |
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donco
Newbie
Offline
Activity: 2
Merit: 0
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May 04, 2013, 04:19:30 PM |
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Review:
I did order a 72h and a 96h package on sunday, both was paid today. The estimated payout announced was about 30% on sunday, the real payout was lower than it's announced now: 11,5% for the 96h and 8,3% for the 72h.
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MiningUnited
Newbie
Offline
Activity: 28
Merit: 0
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May 04, 2013, 04:29:48 PM |
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Review:
I did order a 72h and a 96h package on sunday, both was paid today. The estimated payout announced was about 30% on sunday, the real payout was lower than it's announced now: 11,5% for the 96h and 8,3% for the 72h. Thanks for using our service! Glad to hear you got a payout! |
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joker_josue
Legendary
Offline
Activity: 1652
Merit: 4560
**In BTC since 2013**
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May 04, 2013, 04:42:51 PM |
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Someone experienced ... Tried to use this service?
Why say it's a scheme ... but until now, only people who show up here say they have received what was right. Has anyone said that has not received anything?
I did not use the service!
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CASINO & SPORTSBOOK
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MiningUnited
Newbie
Offline
Activity: 28
Merit: 0
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May 04, 2013, 04:46:51 PM |
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Why say it's a scheme ... but until now, only people who show up here say they have received what was right. Has anyone said that has not received anything? Everyone has received their payout, actually, even earlier than expected. That is why no one is coming here saying they "didn't receive a payout", because everyone has. We have paid out for over 1,200 purchases, and have about 800 current payouts that need to be made. |
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joker_josue
Legendary
Offline
Activity: 1652
Merit: 4560
**In BTC since 2013**
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May 04, 2013, 04:51:05 PM |
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Then why so many questions?
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tysat
Legendary
Offline
Activity: 966
Merit: 1004
Keep it real
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May 04, 2013, 04:52:18 PM |
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Then why so many questions?
Because there has been similar in the past and they were long cons. |
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Birdy
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May 04, 2013, 04:52:39 PM |
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Why say it's a scheme ... but until now, only people who show up here say they have received what was right. Has anyone said that has not received anything? Everyone has received their payout, actually, even earlier than expected. That is why no one is coming here saying they "didn't receive a payout", because everyone has. We have paid out for over 1,200 purchases, and have about 800 current payouts that need to be made. I don't even doubt that. But that's not the problem, the way this is structured you could run away with all Bitcoins stored any day. Maybe it's not tempting right now, but once there are 1000+ BTC in there... What we need are more reasons to trust you, not more reasons to trust the payments til now. |
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