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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: Bitcoinprivatebank 5% weekly  (Read 2162 times)
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August 20, 2014, 05:05:54 PM

Scam. Yawn. And such a stupid one it hurts.

Kindly go fuck yourself, and try harder next time.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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August 20, 2014, 05:37:49 PM

This should be HYIP

Yes, most probably. A lot of them invents a story like forex trading or something else.

@bpb - you'd have to somehow convince us that it's different this time.
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August 20, 2014, 07:07:02 PM

This is a scam, if you send your money to this guy, it will be gone forever.  Also don't think he will pay out in the beginning to the first couple to make it look legit as he knows he is already underwater with this scam, and will take the first person's money and run.  There is absolutely no way anyone can afford to pay 5% interest per week.  It's just not possible, and anyone who tells you otherwise is trying to fool you and steal from you.

He also blatantly said the goal was to gamble with the deposits because he has a, "sure fire way to win".  realize this is impossible as every casino ever would be out of business.  There is no mathematical model that will allow a gambler to have an edge over the house as he describes.  I can't wait to hear the excuse as to why the people who developed it, "can't come out and explain how it works", because in short, it doesn't because it can't.

Invest any money and you will lose it.

As a private transaction, this program is exempt from the US Securities Act of 1933, the US Securities Exchange Act of 1934 and the US Investment Company Act of 1940 and all other rules, regulations and amendments thereof. We are not FDIC insured. We are not a licensed bank or a security firm.
Straight from their Rules and Agreements.  This is laughable.  You do not get to pick and choose what agencies and laws you follow.  That is just not how it works.  The rest of your "agreements" page is full of laughable clauses and sentences.

Get paid crypto to walk or drive. Play CoinHuntWorld! Earn Hundreds Monthly!
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August 20, 2014, 07:46:28 PM

Private bank just like Bitcoin Savings and Trust lmfao

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August 20, 2014, 11:56:23 PM

House edge is so small that it doesn't matter.

What's the house edge?
The house edge is the percentage a casino or simular company is winning in the long run on avg on the bet in question.

If you for example would roll a 6 sided dice and bet that it would become a 3 for example if you bet on the correct number and a 3 comes up and you would get 5.7 times the money back then the house edge would be 5% (5.7/6=0.95), with no house edge, 0% your win would have been 6 times the money back instead.

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August 21, 2014, 12:12:07 AM

The house edge is the percentage a casino ...

I think drasted is asking how much the house edge is.  Not that it matters much.  It's not called gambling if you can guarantee a win.

@bpb You should speak to Mr. KLYEMAX for a preview of the likely outcome of your plan.
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