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Author Topic: [BitcoinMax.com] Closed  (Read 178467 times)
Maged
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August 05, 2012, 10:36:33 PM
 #941

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.

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RoloTonyBrownTown
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August 05, 2012, 10:38:05 PM
 #942

And I really question why you should give a shit Maged.

I'd be interested in seeing where you've pulled those figures from though.   Somewhere dark and stinky methinks.

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August 05, 2012, 10:39:27 PM
 #943

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.
Either Bitcoin is at $100 or you think that 0.1% is the same as 1%
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August 05, 2012, 11:22:37 PM
 #944

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.
How have you worked that out?

asfas16123
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August 05, 2012, 11:57:57 PM
 #945

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.
How have you worked that out?

lets see if 9k$ is 0.1%, lets say that is roughly 1k btc. that would mean total sum invested with bitcoinmax would have to be 1 million btc. even in the fud threads the whole "pirate ponzi" is only estimated at 300-500k btc.

lets assume he is bad at math and meant to say $900 a week / 47k a year, assuming 100k btc bitcoinmax volume, which is still a wild guess. still no other pass through is providing as good an offer as this so I think its still ok to say thx and donate if you have too much btc on your hands. I mean wtf... he cant even remotely buy a 911 turbo with that...
John (John K.)
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August 06, 2012, 12:44:51 AM
 #946

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.
I think you're miscalculating something by 1 or 2 orders of magnitude...

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
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Electricbees
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August 06, 2012, 03:29:25 AM
 #947

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.
Maged knows something we don't...

Everyone pull your coins!  Wink

Though, lots of love for Maged. Don't quite agree with his stance on BS&T, but that's it.

Donations are welcome!
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nimda
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August 06, 2012, 03:51:06 AM
 #948

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.
Maged knows something we don't...

Everyone pull your coins!  Wink

Though, lots of love for Maged. Don't quite agree with his stance on BS&T, but that's it.
Don't agree with his math either, but he's a good mod

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
dooglus
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August 06, 2012, 03:52:36 AM
 #949

I really question why you guys are donating anything to Payb.tc, given that he's currently making over $9000 per week off of this. That's about $470k per year, for those of you who are bad at math.
How have you worked that out?

I don't know, but I guess the calculation goes something like this:

Quote
bitcoin max gets about 9000 BTC per week in interest.

payb.tc is on the 7.7% interest level and pays out 6.9%, so he keeps 9000 * (7.7-6.9) / 7.7 = 935 BTC per week.

935 BTC is over $9000.

payb.tc
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August 06, 2012, 04:14:27 AM
 #950

I don't know, but I guess the calculation goes something like this:

Quote
bitcoin max gets about 9000 BTC per week in interest.

i high-lighted the key word here.

please point out any week, any evidence at all showing i get about 9000 BTC per week in interest Roll Eyes

the guesses keep getting stranger by the minute.
drakahn
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August 06, 2012, 04:16:53 AM
 #951


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Maged
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August 06, 2012, 04:53:38 AM
 #952

I don't know, but I guess the calculation goes something like this:

Quote
bitcoin max gets about 9000 BTC per week in interest.

i high-lighted the key word here.

please point out any week, any evidence at all showing i get about 9000 BTC per week in interest Roll Eyes

the guesses keep getting stranger by the minute.

BitcoinMax is not getting 9000 BTC in interest, true, but it's getting over 8000 BTC in interest. With a .8% cut for yourself, you personally made about 950 BTC for yourself this last week. That's over $9000, even if the bitcoin price drops a bit.

RoloTonyBrownTown
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August 06, 2012, 04:56:11 AM
 #953

I don't know, but I guess the calculation goes something like this:

Quote
bitcoin max gets about 9000 BTC per week in interest.

i high-lighted the key word here.

please point out any week, any evidence at all showing i get about 9000 BTC per week in interest Roll Eyes

the guesses keep getting stranger by the minute.

BitcoinMax is not getting 9000 BTC in interest, true, but it's getting over 8000 BTC in interest. With a .8% cut for yourself, you personally made about 950 BTC for yourself this last week. That's over $9000, even if the bitcoin price drops a bit.

Ok, go on then, show us your data Smiley

Maged
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August 06, 2012, 05:05:27 AM
 #954

I don't know, but I guess the calculation goes something like this:

Quote
bitcoin max gets about 9000 BTC per week in interest.

i high-lighted the key word here.

please point out any week, any evidence at all showing i get about 9000 BTC per week in interest Roll Eyes

the guesses keep getting stranger by the minute.

BitcoinMax is not getting 9000 BTC in interest, true, but it's getting over 8000 BTC in interest. With a .8% cut for yourself, you personally made about 950 BTC for yourself this last week. That's over $9000, even if the bitcoin price drops a bit.

Ok, go on then, show us your data Smiley
That will compromise the investigation, so I cannot. Every day, though, we're finding out more about Pirate's scheme.

RoloTonyBrownTown
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August 06, 2012, 05:06:15 AM
 #955

Oh well consider me convinced then!

payb.tc
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August 06, 2012, 05:28:14 AM
 #956

he's using vandroiy logic:

(interest + withdrawals) > 8000

withdrawals = ??

therefore interest > 8000
Coin.Karma
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August 06, 2012, 05:36:04 AM
 #957

is very simple, if pirate is smarter to think of something before everyone else, he would be smart enough to cover up as much as he requires....just a thought.

Also for all the people who talk about pirate being a ponzi, just remember that, we as individuals are limited by our own intelligence. It allows us only to 'digest' whatever is within our own limited capacity to understand.....we only have the ability to think within our mind, if someone else is smarter, they just are....like pirate is....

dooglus
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August 06, 2012, 05:52:47 AM
 #958

Here's how the recent interest payments correspond to entries in the blockchain.  There's a really close correspondence between the calculated interest and the actual interest.  The difference is explained by the fact that BS&T calculates interest from the minute payment is received, but all I see are block timestamps which will be close to but different from the time the transactions were made.

Quote
Week Ending Mon Jul 23 06:00                          Total: 8470.32 (actual interest paid: 8471.00)

Date              Type       Amount x  Hours / 168 *  Rate = Subtotal
Sun Jul 22 15:51  Withdrawal  -1500 x  14.14 / 168 * 0.077 =   -9.72  
Fri Jul 20 23:48  Withdrawal  -1500 x  54.19 / 168 * 0.077 =  -37.25
Fri Jul 20 12:52  Deposit       273 x  65.13 / 168 * 0.077 =    8.14
Fri Jul 20 09:29  Deposit       304 x  68.51 / 168 * 0.077 =    9.54
Thu Jul 19 23:05  Deposit       606 x  78.90 / 168 * 0.077 =   21.91
Thu Jul 19 12:17  Deposit      1578 x  89.71 / 168 * 0.077 =   64.88
Thu Jul 19 04:44  Deposit       241 x  97.26 / 168 * 0.077 =   10.74
Thu Jul 19 00:47  Deposit       339 x 101.21 / 168 * 0.077 =   15.72
Wed Jul 18 12:56  Deposit       750 x 113.06 / 168 * 0.077 =   38.86
Wed Jul 18 11:33  Deposit       295 x 114.45 / 168 * 0.077 =   15.47
Wed Jul 18 00:38  Deposit       356 x 125.35 / 168 * 0.077 =   20.45
Wed Jul 18 00:23  Deposit       538 x 125.61 / 168 * 0.077 =   30.97
Tue Jul 17 06:40  Withdrawal  -1000 x 143.33 / 168 * 0.077 =  -65.69
Tue Jul 17 00:53  Deposit       649 x 149.11 / 168 * 0.077 =   44.35
Mon Jul 16 15:12  Starting   107817 x 168.00 / 168 * 0.077 = 8301.90

Week Ending Mon Jul 16 06:00                          Total: 7823.64 (actual interest paid: 7820.59)

Date              Type       Amount x  Hours / 168 *  Rate = Subtotal
Sun Jul 15 21:47  Deposit      412  x   8.21 / 168 * 0.077 =    1.55
Sun Jul 15 16:41  Deposit      236  x  13.30 / 168 * 0.077 =    1.43
Sun Jul 15 06:42  Deposit      235  x  23.29 / 168 * 0.077 =    2.50
Sat Jul 14 23:09  Deposit     1046  x  30.84 / 168 * 0.077 =   14.78
Sat Jul 14 09:26  Deposit      271  x  44.56 / 168 * 0.077 =    5.53
Fri Jul 13 15:31  Deposit     1586  x  62.48 / 168 * 0.077 =   45.41
Fri Jul 13 04:53  Deposit      339  x  73.11 / 168 * 0.077 =   11.35
Fri Jul 13 01:08  Deposit      249  x  76.86 / 168 * 0.077 =    8.77
Thu Jul 12 21:58  Deposit      390  x  80.03 / 168 * 0.077 =   14.30
Thu Jul 12 11:42  Deposit      461  x  90.29 / 168 * 0.077 =   19.07
Thu Jul 12 10:07  Deposit      552  x  91.88 / 168 * 0.077 =   23.24
Thu Jul 12 06:26  Deposit      563  x  95.56 / 168 * 0.077 =   24.65
Thu Jul 12 05:34  Deposit      370  x  96.43 / 168 * 0.077 =   16.35
Thu Jul 12 02:24  Deposit      294  x  99.59 / 168 * 0.077 =   13.42
Wed Jul 11 23:05  Deposit      383  x 102.90 / 168 * 0.077 =   18.06
Wed Jul 11 20:41  Deposit      809  x 105.32 / 168 * 0.077 =   39.05
Wed Jul 11 07:23  Deposit      544  x 118.61 / 168 * 0.077 =   29.57
Wed Jul 11 04:52  Deposit      605  x 121.12 / 168 * 0.077 =   33.58
Wed Jul 11 01:41  Deposit      211  x 124.31 / 168 * 0.077 =   12.02
Wed Jul 11 00:38  Deposit      433  x 125.35 / 168 * 0.077 =   24.87
Wed Jul 11 00:31  Deposit      543  x 125.48 / 168 * 0.077 =   31.22
Tue Jul 10 22:20  Deposit     1980  x 127.65 / 168 * 0.077 =  115.84
Tue Jul 10 12:36  Deposit      325  x 137.39 / 168 * 0.077 =   20.46
Tue Jul 10 11:11  Deposit      260  x 138.81 / 168 * 0.077 =   16.54
Tue Jul 10 08:52  Deposit      175  x 141.13 / 168 * 0.077 =   11.32
Mon Jul 09 23:05  Deposit      365  x 150.91 / 168 * 0.077 =   25.24
Mon Jul 09 23:05  Deposit     1080  x 150.91 / 168 * 0.077 =   74.70
Mon Jul 09 14:11  Starting   93100  x 168.00 / 168 * 0.077 = 7168.70

Week Ending Mon Jul 09 06:00                          Total: 6802.19 (actual interest paid: 6794.00)

Date              Type       Amount x  Hours / 168 *  Rate = Subtotal
Sun Jul 08 01:10  Deposit     1800  x  28.83 / 168 * 0.077 =   23.78
Sat Jul 07 05:10  Deposit      415  x  48.82 / 168 * 0.077 =    9.28
Sat Jul 07 04:59  Deposit      730  x  49.01 / 168 * 0.077 =   16.39
Sat Jul 07 02:13  Deposit      150  x  51.77 / 168 * 0.077 =    3.55
Fri Jul 06 18:19  Deposit     1505  x  59.68 / 168 * 0.077 =   41.16
Fri Jul 06 08:32  Deposit      600  x  69.46 / 168 * 0.077 =   19.10
Thu Jul 05 13:52  Deposit      900  x  88.13 / 168 * 0.077 =   36.35
Wed Jul 04 23:06  Deposit     1300  x 102.89 / 168 * 0.077 =   61.30
Tue Jul 03 13:40  Withdrawal -1000  x 136.33 / 168 * 0.077 =  -62.48
Tue Jul 03 02:19  Deposit      500  x 147.67 / 168 * 0.077 =   33.84
Mon Jul 02 15:04  Deposit     4216  x 158.93 / 168 * 0.077 =  307.10
Mon Jul 02 15:09  Starting   81984  x 168.00 / 168 * 0.077 = 6312.76

You can follow the whole chain of deposits and withdrawals through the blockchain all the way back to the start.  Transaction 5493e71f8d06de5fd5c28a53583eca930e7b4ea56fdbb37b4e6a3a3f43182da8 pays 15 BTC interest - that's 3% of the balance of 500 BTC deposited as 200 BTC (a9c40ba6f829e538aa5e97fb9cb3e747a57a120d0e8f02addb92e8af55c2375c) and 300 BTC (93f93535cc34038b2ccd2c142e183ea743dc98522ef6272343f41bcd1ab3ffc1).  Interest was 1% per day, paid every 3 days at the start.

Maged
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August 06, 2012, 05:55:48 AM
 #959

he's using vandroiy logic:

(interest + withdrawals) > 8000

withdrawals = ??

therefore interest > 8000

I suggest that you audit your business, since we apparently know more about what you are making than you do.

dooglus
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August 06, 2012, 06:01:32 AM
 #960

he's using vandroiy logic:

(interest + withdrawals) > 8000

withdrawals = ??

therefore interest > 8000

I suggest that you audit your business, since we apparently know more about what you are making than you do.

The interest payment did include a withdrawal once, on Fri Dec 09 2011.  The interest of 78 BTC and the withdrawal of 600 BTC were combined into a single payment of 678 BTC (txid 615b4c794a18871879ea06208d3d28e618307c239b876020ead7bcfc53acf8a4).  Other than that they've been separate.

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