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Author Topic: Hey Activeminers? You won't make your investment back.  (Read 5110 times)
MPOE-PR (OP)
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September 09, 2013, 10:39:32 PM
 #1

A 50:1 shot you've got, currently.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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September 09, 2013, 10:52:06 PM
 #2

not that I would be holding actm or thinking otherwise but, you cannot afford to pay normal advertisment for your project MPOE-PR ?
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September 09, 2013, 10:54:50 PM
 #3

I'll bet you it will be profitable.. Just depends on when you bought it..

It dropped yesterday and I snapped up a bunch of it.. Even if it doesn't go to the moon it will still end up profitable.


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FloatesMcgoates
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September 09, 2013, 10:56:51 PM
 #4

Why is this its own thread in the securities forum?
Why does the thread still show up even though I have MPOE's account ignored?
MPOE-PR (OP)
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September 09, 2013, 11:00:51 PM
 #5

not that I would be holding actm or thinking otherwise but, you cannot afford to pay normal advertisment for your project MPOE-PR ?

So much wrong with this, seriously. A. Not my project; B. What do you think "normal" advertisement is? C. Why do you think "normal" advertising is even worth doing? D. Why do you think this is advertisement in the first place?

I'll bet you it will be profitable.. Just depends on when you bought it..

It dropped yesterday and I snapped up a bunch of it.. Even if it doesn't go to the moon it will still end up profitable.

About 10:1 atm it won't be profitable, so no.

Why is this its own thread in the securities forum?
Why does the thread still show up even though I have MPOE's account ignored?

Who asked you anything?

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September 09, 2013, 11:25:29 PM
 #6

Do one for mpex as well
MPOE-PR (OP)
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September 09, 2013, 11:42:34 PM
 #7

Do one for mpex as well

There was one about a year ago, back when people's butts were still smarting after the GLBSE beating. It closed like 100:1 against and I guess nobody felt like risking any of his BTC going straight against Bitcoin's only behemoth. If you have some spare BTC you can certainly try your luck tho.

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September 09, 2013, 11:49:42 PM
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Do one for mpex as well

There was one about a year ago, back when people's butts were still smarting after the GLBSE beating. It closed like 100:1 against and I guess nobody felt like risking any of his BTC going straight against Bitcoin's only behemoth. If you have some spare BTC you can certainly try your luck tho.
Find a way to make the bet so that you can't game it by false volume spikes on your own exchange, and you're on.
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September 09, 2013, 11:58:29 PM
 #9

Anyway, back on topic! So far only one guy believes in ActimeMining, which is surprisingly different from the forum thread.
The arguing and trolling that goes on here is absurd. You need to understand that the playing field is fairly level, there's a large market to harness and anyone with the right resources will be able to control their own percentage. It's going to boil down to about 6-7 companies maintaining their chunks (including people mining with their products). It doesn't really matter which horse comes out ahead because we're already halfway through the race, and the top 6 places all take home gold.

Why don't you do it?
Because I don't think his exchange is going to go down (nobody cares enough to try), so that's out. I don't think the average weekly volume on his exchange will ever surpass that of other exchanges (btct, bitfunder, havelock, etc.), but that bet requires me to trust MP, which is also out of the question. Any other ideas? Because I'd jump at an opportunity to go short on MP.
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September 10, 2013, 12:12:22 AM
 #10

Find a way to make the bet so that you can't game it by false volume spikes on your own exchange, and you're on.

Perhaps explain this concept of false volume spikes.

The arguing and trolling that goes on here is absurd. You need to understand that the playing field is fairly level, there's a large market to harness and anyone with the right resources will be able to control their own percentage. It's going to boil down to about 6-7 companies maintaining their chunks (including people mining with their products). It doesn't really matter which horse comes out ahead because we're already halfway through the race, and the top 6 places all take home gold.

You need to read up on this.

Because I don't think his exchange is going to go down (nobody cares enough to try), so that's out. I don't think the average weekly volume on his exchange will ever surpass that of other exchanges (btct, bitfunder, havelock, etc.), but that bet requires me to trust MP, which is also out of the question. Any other ideas? Because I'd jump at an opportunity to go short on MP.

Get out of here. Historically most BTC securities trade happened on MPEx. Some scammers are faking the volumes currently, making that measure not particularly useful, but nevertheless: Bitcoin securities trading happens on MPEx. Always has. Always will.

That aside, children are welcome to keep on playing with their age-appropiate toys.

You can trivially short S.MPOE, borrow some shares from any of the brokers.

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September 10, 2013, 12:18:08 AM
 #11

Anyway, back on topic! So far only one guy believes in ActimeMining, which is surprisingly different from the forum thread.
That makes sense to me.  Anyone that believes in ActiveMining would be buying now that it's back near the IPO price. Why tie your BTC up for 6 months when you can invest them? Those betting "No" are probably desperate for a proper shorting mechanism on BTC-TC or Bitfunder.
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September 10, 2013, 12:18:12 AM
 #12

You need to read up on this.
Believe me, I think the whole mining market is a bad industry to be in in the long term. I'm here for my quick buck then I'm onto something a little more useful. I'm just saying: in the short-term, barring unforeseen cancellations or delays, all these mining companies are going to accomplish very similar goals, essentially consolidating mining by squeezing all the individuals out. There will be plenty of time to switch horses or sell out at a profit. Cheerleading and trolling alike don't accomplish much. Just diversify a bit, leave your money where it's at and enjoy the ride.

That makes sense to me.  Anyone that believes in ActiveMining would be buying now that it's back near the IPO price. Why tie your BTC up for 6 months when you can invest them? Those betting "No" are probably desperate for a proper shorting mechanism on BTC-TC or Bitfunder.

To me it's hilarious that your definition for "tie up your BTC for 6 months" is different from "investing them".
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September 10, 2013, 12:22:53 AM
 #13

To me it's hilarious that your definition for "tie up your BTC for 6 months" is different from "investing them".
You could open and close many positions in 6 months.
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September 10, 2013, 12:24:44 AM
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Get out of here. Historically most BTC securities trade happened on MPEx. Some scammers are faking the volumes currently, making that measure not particularly useful, but nevertheless: Bitcoin securities trading happens on MPEx. Always has. Always will..
You should see a doctor, you seem to be hallucinating.
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September 10, 2013, 12:26:01 AM
 #15

To me it's hilarious that your definition for "tie up your BTC for 6 months" is different from "investing them".
You could open and close many positions in 6 months.
Yeah, if I was a day trader. But fortunately I'm smarter than that and have better uses of my time.
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September 10, 2013, 12:31:20 AM
 #16

Anyway, back on topic! So far only one guy believes in ActimeMining, which is surprisingly different from the forum thread.
That makes sense to me.  Anyone that believes in ActiveMining would be buying now that it's back near the IPO price. Why tie your BTC up for 6 months when you can invest them? Those betting "No" are probably desperate for a proper shorting mechanism on BTC-TC or Bitfunder.

Shorting on the play exchanges is and remains a problem since the days of GLBSE.

Believe me, I think the whole mining market is a bad industry to be in in the long term. I'm here for my quick buck then I'm onto something a little more useful. I'm just saying: in the short-term, barring unforeseen cancellations or delays, all these mining companies are going to accomplish very similar goals, essentially consolidating mining by squeezing all the individuals out. There will be plenty of time to switch horses or sell out at a profit. Cheerleading and trolling alike don't accomplish much. Just diversify a bit, leave your money where it's at and enjoy the ride.

I'm with pankakke here: none of this scammy crud, activeminer, picostocks, labcoin etc will be on that list.

And for that matter none of this crud even qualifies as "companies" in the first place.

I don't see any way around it though.

Especially if you're actually contemplating REALIZING those gains rather than just imagining them.

But anyway: due to the workings of weight putting your BTC on such bets early can be great investment.

But this isn't my question anyway; why so many people believe in ActiveMining on paper (the forum), but not on bitcoins?

Because they get paid a little dust to post on the forum. Doh.

Hence the "can't I afford normal advertising" question above. Why don't I pay the internet scum to say nice things too? They're being cheated! It's unfair! They'll say not nice things instead!!1

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September 10, 2013, 12:39:04 AM
 #17

But this isn't my question anyway; why so many people believe in ActiveMining on paper (the forum), but not on bitcoins?
You mean like the $1,000,000+ worth of IPO shares that got eaten up for 5x the first-round IPO price?  I put my Bitcoins where my mouth was all those months ago, and so far it's paid off fine. I ALSO hedged my bets with almost every other mining company, and sold a good portion of my ActM shares at an 8x profit in order to diversify and balance out my portfolio again once the ActM basket had too many eggs in it.
There's 3600 Bitcoins a day being made. We're all going to grab a chunk of it, and arguing isn't going to make your chunk bigger.
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September 10, 2013, 12:41:34 AM
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You mean like the $1,000,000+ worth of IPO shares that got eaten up for 5x the first-round IPO price?  I put my Bitcoins where my mouth was all those months ago, and so far it's paid off fine. I ALSO hedged my bets with almost every other mining company, and sold a good portion of my ActM shares at an 8x profit in order to diversify and balance out my portfolio again once the ActM basket had too many eggs in it.
There's 3600 Bitcoins a day being made. We're all going to grab a chunk of it, and arguing isn't going to make your chunk bigger.

Well if nothing else I definitely like that attitude.

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September 10, 2013, 01:02:27 AM
 #19

Bet started:3 hours 10 minutes ago (09-09-2013)
Bet closing: in 6 months 23 hours (10-03-2014)

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
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September 10, 2013, 01:14:49 AM
 #20

Now that this thread is officially a circle jerk between a troll and a washed up bitcoiner, I'll take my leave.

Good luck Mr Pankkakers.

Why all the hate anyway? Did MP touch you places or something?

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September 10, 2013, 01:15:14 AM
 #21

That IPO wasn't exactly done well. It's not even clear if AMC bought their own shares at some point - though I'm sure they are all sold by now.
To be honest, you don't really know what you're talking about (although I will hand it to you that the IPO(s) were a bit of a shitshow). There's a small amount of shares that are unsold, which Ken can sell if further funds are needed.
Nothing ever pointed to AMC "buying their own shares" and it wouldn't really make sense to begin with.

I guess this is just a form of entertainment for a lot of you, but I just want to let you know there's better ways you can spend your time, such as thinking about where to put your gains from whatever mining company you placed bets on. The smart ones among us have already started gradually stepping out of the mining industry and into realms that will strengthen Bitcoin in other ways (and further increase and protect our gains).

Why all the hate anyway? Did MP touch you places or something?

The 3rd-person references crack me up, what a nice touch. What flavorful personalities this Bitcoin world is graced with.
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September 10, 2013, 01:40:46 AM
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The 3rd-person references crack me up, what a nice touch. What flavorful personalities this Bitcoin world is graced with.

Looky, that I'm the girl in the avatar pic and that MP is a different person are well documented and long standing established rock solid facts. There's pictures of both of us in the same room, people met us in person at that conference you never knew about (you know, the one where MtGox' demise was decided), on it goes.

In spite of this having been amply documented, all over irc, all over this forum even, clueless noobs still jump both feet into their ridiculous assumptions on the matter, which is by now in itself a meme and a perpetual source of amusement at those clueless noobs' expense.

The only question remaining would be "why'd you put yourself in that laughable position". Do try and answer, I'm curious.

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September 10, 2013, 01:42:53 AM
 #23

The 3rd-person references crack me up, what a nice touch. What flavorful personalities this Bitcoin world is graced with.

Looky, that I'm the girl in the avatar pic and that MP is a different person are well documented and long standing established rock solid facts. There's pictures of both of us in the same room, people met us in person at that conference you never knew about (you know, the one where MtGox' demise was decided), on it goes.

In spite of this having been amply documented, all over irc, all over this forum even, clueless noobs still jump both feet into their ridiculous assumptions on the matter, which is by now in itself a meme and a perpetual source of amusement at those clueless noobs' expense.

The only question remaining would be "why'd you put yourself in that laughable position". Do try and answer, I'm curious.
Met with high levels of defensiveness and a ready-made swath of dubious evidence. Check.

It just seems so improbable that two people with such a similar scent of insecure, delusional narcissism would ever meet each other in real life and collaborate suchly.
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September 10, 2013, 04:13:59 AM
 #24

The 3rd-person references crack me up, what a nice touch. What flavorful personalities this Bitcoin world is graced with.

Looky, that I'm the girl in the avatar pic and that MP is a different person are well documented and long standing established rock solid facts. There's pictures of both of us in the same room, people met us in person at that conference you never knew about (you know, the one where MtGox' demise was decided), on it goes.

In spite of this having been amply documented, all over irc, all over this forum even, clueless noobs still jump both feet into their ridiculous assumptions on the matter, which is by now in itself a meme and a perpetual source of amusement at those clueless noobs' expense.

The only question remaining would be "why'd you put yourself in that laughable position". Do try and answer, I'm curious.

From the link you provided:

Quote
In the middle with the beard is MPOE-PR.

So, when did you get a shave?  Cheesy
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September 10, 2013, 04:29:30 AM
 #25

The 3rd-person references crack me up, what a nice touch. What flavorful personalities this Bitcoin world is graced with.

Looky, that I'm the girl in the avatar pic and that MP is a different person are well documented and long standing established rock solid facts. There's pictures of both of us in the same room, people met us in person at that conference you never knew about (you know, the one where MtGox' demise was decided), on it goes.

In spite of this having been amply documented, all over irc, all over this forum even, clueless noobs still jump both feet into their ridiculous assumptions on the matter, which is by now in itself a meme and a perpetual source of amusement at those clueless noobs' expense.

The only question remaining would be "why'd you put yourself in that laughable position". Do try and answer, I'm curious.

So MPOE-PR, how do you feel about the fact that MP believes "There is no such thing as the crime of 'rape'?"
http://trilema.com/2013/the-prosecution-of-sexual-activity/
 
This is seriously disgusting.  The fact that you associate with such a misogynistic pig is truly saddening.
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September 10, 2013, 06:32:49 AM
 #26

So MPOE-PR, how do you feel about the fact that MP believes "There is no such thing as the crime of 'rape'?"
http://trilema.com/2013/the-prosecution-of-sexual-activity/
 
This is seriously disgusting.  The fact that you associate with such a misogynistic pig is truly saddening.

Hint hint: She likes it.
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September 10, 2013, 08:13:45 AM
 #27

Whats the difference between a bitcoin exchange and a bitcoin broker?
A bitcoin broker doen't tell you you could have been a model.

1VEX7x76pJdreV1nJW8bXpotbCNggDxG5
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September 10, 2013, 10:29:00 AM
 #28

Met with high levels of defensiveness and a ready-made swath of dubious evidence. Check.

It just seems so improbable that two people with such a similar scent of insecure, delusional narcissism would ever meet each other in real life and collaborate suchly.

Also in the news, "Internet person cannot believe people meet". Help yourself.

So MPOE-PR, how do you feel about the fact that MP believes "There is no such thing as the crime of 'rape'?"
http://trilema.com/2013/the-prosecution-of-sexual-activity/
 
This is seriously disgusting.  The fact that you associate with such a misogynistic pig is truly saddening.

Because you read rape and automatically think of women it then follows MP is misogynistic. I like forum logic, continue.

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September 10, 2013, 09:10:47 PM
 #29

"her being a virgin, living in a convent, being a feminist or a liberal or any other such proof of intellectual immaturity"
has a misogynistic tone

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September 10, 2013, 09:15:10 PM
 #30

good point

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September 11, 2013, 07:16:39 AM
 #31

MPOE, if you ever need a white knight, feel free to gimme a call Wink

Keep clam & hodl on
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September 12, 2013, 12:10:36 AM
 #32

Oh look! 3:1 against now.

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September 12, 2013, 01:05:20 AM
 #33

I'm sure this prominent thread title has NOTHING to do with the stock price being so low. Haha. Cmon guys, I'm due for a new car, just let it quadruple already please!
Seriously though, it is pretty fascinating the way this market works. I don't think I ever really grokked market irrationality until seeing it so close up.
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September 12, 2013, 01:27:58 AM
 #34

Still, only two real believers, compared to the vocal army of cheerleaders.
Don't they want to be rich?

Maybe they are betting that ACTM is going to make money back so all their current funds are tied up?

Maybe no one cares?
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September 12, 2013, 02:15:17 AM
 #35

More likely, no one gives a shit about that site.

Even the NO side, which I imagine is supported by all of the #bitcoin-assets fanboys, has only 5 people who bothered to bet. Honestly, the site is a fail, which explains why dividends to shareholders can be measured in pocket lint. The crew that run it just don't have the insight or temperament to operate consumer facing businesses.

drawingthesun
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September 12, 2013, 02:37:58 AM
 #36

This is stupid. IPO 0.0025 and this bet says the whole thing is a failure if investors don't get 120% ROI in 6 months from hashing.

Even if you're long on ActiveMining betting on this is a sure way to lose money.
balanghai
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September 12, 2013, 02:42:05 AM
 #37

Well it looks like it's heading that way but, I think there's another way to do things with bitcoin. Be the shovel seller and you'll take home more than what the miners earn.  Roll Eyes
drawingthesun
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September 12, 2013, 02:59:31 AM
 #38

This is stupid. IPO 0.0025 and this bet says the whole thing is a failure if investors don't get 120% ROI in 6 months from hashing.
It has been explained many times.
It has to be at least the IPO otherwise it could just be a refund of shareholder's money. It's even likely to happen due to the Avalon thing.
Honestly if you believe that you just don't understand investing at all. Not having that ROI, you're better off investing in a proven company. Why take such a risk for so little in returns?

Of course we need ROI, but 6 months from hashing is going to be very hard to do.

MPOE-PR (OP)
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September 15, 2013, 01:35:52 AM
 #39

More likely, no one gives a shit about that site.

Even the NO side, which I imagine is supported by all of the #bitcoin-assets fanboys, has only 5 people who bothered to bet. Honestly, the site is a fail, which explains why dividends to shareholders can be measured in pocket lint. The crew that run it just don't have the insight or temperament to operate consumer facing businesses.

Bitcoin is not a consumer thing. Find something more adequate for your needs and abilities.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
drawingthesun
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September 15, 2013, 02:41:42 AM
 #40

Bitcoin is not a consumer thing. Find something more adequate for your needs and abilities.

Number one issue with Bitcoin right now? People with an agenda trying to make Bitcoin into what they want it to be.

I try to not get into the whole what Bitcoin is for debate, I see Bitcoin being most powerful when neutral and used for many different reasons.

So can Bitcoin be a consumer thing? Perhaps it can. Who are you to be the decider?

Some of your posts make a little sense, others just reek of stupid.
MPOE-PR (OP)
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September 15, 2013, 09:32:50 PM
 #41

Bitcoin is not a consumer thing. Find something more adequate for your needs and abilities.

Number one issue with Bitcoin right now? People with an agenda trying to make Bitcoin into what they want it to be.

I try to not get into the whole what Bitcoin is for debate, I see Bitcoin being most powerful when neutral and used for many different reasons.

So can Bitcoin be a consumer thing? Perhaps it can. Who are you to be the decider?

Some of your posts make a little sense, others just reek of stupid.

This isn't about me "trying" anything. This is about what something is. If you have problems with the notion that things exist as what they are, and not what would be convenient for you at the moment, and not what would make you feel better, and not what would include everyone, the remedy would be to spend your time reading, considering, and thinking.

Thinking. Not demanding that others conform to your broken ideology because "perhaps". Not nipping at the ankles of those who have thought, and drawn the correct conclusions (and yeah, there are such things as correct conclusions, whether you'd want that to be the case or not).

I get that in plenty of spheres you'd be able to spout this nonsense without anyone explaining to you that you've done something wrong, because you might be shocked and offended. Those are the spheres that suck, irrespective of whether they make you feel good, are convenient, etc. Bitcoin is not one of them. Specifically. If that means you're not interested, by all means go hang out at your local consumer bank, where I'm sure you'll get all the empty lipservice about being an important and valued customer you could possibly want. The rest of us are getting shit done.

Meanwhile, sittin' steady at 3:1.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
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September 18, 2013, 12:13:07 AM
 #42

Hey something can be made from nothing. Like trading? Cheesy
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