Topic: [Active Mining] The UNofficial Active Mining Discussion Thread [UNmoderated] - page 8. (Read 75840 times)

This is a thread dedicated to the failings of Active Mining, a "a virtual identity totally owned by the Active Mining Corporation (Belize) that represents both itself and its profits."
And the wacky antics of its CEO, an elderly alcoholic from Missouri, Kenneth E. Slaughter. <==As in:
Kindly keep on topic

You should really do a few seconds of research before backing a scam.

Anyone can make bets on bitbet but only the management does and they decide the outcomes.

Management also creates a large amount of bets and determines the outcome of their own bets making them profit.

They also steal late bets. All bets sent to btc address after bet is resolved is considered a "donation" or profit.

Stealing late bets has literally accounted for about half of their entire profit last year.

Btw the 30btc on mpex is the fee you have to pay so mircea can keep the stocks pumped.

Even with unfair house betting and stealing all late bets their company "valued" at 5000btc earned a staggering 130btc last year (75btc from stolen bets) and this last quarter they earned an impressive 3btc.

I know nothing about MPEx securities but BitBet actually looks pretty cool, especially if this found its way into the mainstream. Where anyone can make their own bet, that has a lot of room of potential. (Television Shows, Sports, E-Sports, Elections, Company performances, Crypto prices. It's pretty endless) I haven't actually used it but I've followed the bets and I think there is a lot of room for growth and profit. Though 30BTC to even get into MPEx investments, seems a little ridiculous. If BitBet appeared on Havelock, I wouldn't be against switching my dust of AcTM into dust of BitBet.

I lol'd. I take it you've invrsted in mirceas new just-dice/bitbet fund?

I will admit that you are much less likely to lose money on mpex with mircea cooking the books. It's almost impossible to lose money on a good ponzi until it collapses.

This is the truth, and when people actually stop playing selective listening and actually take the time to read Pankkake's post or MPOE-PR's post at face value they will gain some valuable insight. Of course everyone has their own agenda but that doesn't defeat what they have to say.

I've said it before but I've read all of Pankkake's post, Crumb's post, VE's Post, MPOE-PR's post, NotLambChops and all his other Alt's post when they posted on a thread that concerned my money. Of course they're memes and images and cursive font got quite annoying but other than that they have more knowledge then a lot of us in this community.

If I would have known of Pankkake and MPOE-PR before I found ActiveMining I probably would have sold when I had the chance, though I have not invested nearly enough for it to destroy me (I do feel sorry for DTS and many others) as I looked at more of a bet than an investment, but if I could of done it again I would have picked black instead of red if you know what I mean.

It doesn't matter who the advice is coming from, if it is sound advice. Shit I was one who kept saying VolcanicEruptor had good points back when everyone else was calling him a troll. He was just a bit aggressive.  

"There are shareholders that still think this will turn-around. Therefore, I have to agree with pankkake: 'people have not learned their lesson'. I disagree, besides Zum and Vince and maybe one other. (They really need to stop playing with DTS's emotions.)

I don't think any new people are getting into AcTM (Thankfully, I would and have advised against it). I personally don't think we have any chance of turning an actual profit, but I think we can get closer to clearing our debt and getting more of our money back than we can at this point. And if not, I have so small shares that selling it wouldn't be worthwhile compared to the immense amount of joy I get out of Ken's shitty puzzles.

But have an actual conversation with anyone one of them and you'll see that they won't just try to insult you and belittle you if you don't try to do the same to them. Shit I had a decent conversation with NotLambChop a week or so ago before it got deleted and I'm pretty sure I've butted heads with him on one of his Alts before.

I can assure you lobbes that pankkakes offer was 100% genuine. This is not satire:

https://bitcointalksearch.org/topic/m.2550420


he posted his wallet address in later posts and said this:


When told he was actually blackmailing people he went quiet on his thread and eventually posted this reply to show he didn't take payment for harrasing business or for NOT harassing business  (which would be extorsion)

Criticism of MPEx aside (I know not enough to cast judgment), am I the only one who saw the satire in the 'pay me to not troll posts'?

It was obviously for lulz, and some people took it too seriously, IMO.

Regardless of motivations, pankkake and others have been pointing out valid flaws in this venture from the start. Everybody has bias, but a valid point should stand, regardless.

It still stands that Ken held people's shares hostage for almost 6 months while failing to develop the promised 28nm product, then the 'stop-gap' 55mn. Now shareholders can finally sell, but Ken is now failing to move re-branded HashFast products (even at rock-bottom prices). Despite claiming to have a web developer, and despite toting his own web development skills, the website is still in shambles.

There are shareholders that still think this will turn-around. Therefore, I have to agree with pankkake: 'people have not learned their lesson'

OR they are in on the 'scam'

So so silly. Get a bloody life you reprobate.

You and pankkake will have a fine time in the US prison system. Only thing you might miss will be the MS paintshop and gay porn. However there will be plenty of boy-fun for the both of you. Remind pankkake to wash his arm-pits (the French are renowned for their body-odour) as he might cramp your style.

Having said that the Romanians are not thought of as particularly clean. Dangerous, criminal minded and money-orientated yes, clean no. But I'm sure your good-looks will see you through Mircy baby.

Just forget about devising little analogies and shut up about scamers on here. You are one of the biggest Mirceau, you are also a closet racist. Lowest of the low, and anyone who associates themselves with you is just another piece of scum.

lol so pankkake blackmailing companies on here by threatening to Troll their threads if they don't pay him extortion money is not scamming.

OK if that's the case and blackmail is now a class above straight scamming I salute you pankkake! A real hero looking after the small guys - who you seem to love deriding.

I get the notion that you are just looking after yourself and trying to put every Security down apart from MPEx which you fully endorse!

MPEx = a major SCAM. You know it, I know it and the world knows it. Even the SEC know it!

The SEC - how long do you have left pankkake, before they come looking for a statement? I'll ask again, will you give evidence against Popescu in order to receive a lesser sentence as a co-conspirator?

...and yet "investors" keep "investing."  The thing about "subconsciously want[ing]" something is, by definition, there is no conscious acknowledgement.

An analogy would be a woman in a string of abusive relationships.
If she is asked whether she enjoys being abused, the answer is likely to be "no."  If the interviewer presses the issue, she is likely to become defencive, offering pseudo-plausible rationalisations for her "run of bad luck."  Pressed further, she will become hostile and begin justifying her abuser.
Notice any parallels?

Are you jealous that Ken pulled this off and maybe has 3k coins in his back pocket whereas you failed miserably to scam any coins on here?

Doesn't that make Ken a far better criminal than you? If we were giving marks out of 10 that is.

OK I will take that comment from a confirmed blackmailer at face value. (apparently blackmail is OK but scamming is not)

So pankkake what is the mindset you speak of? Just wanting a good investment return? That will never end.

No hedge - he's saying subconsciously investors wanted to get done. 

Stretching it a bit far to suggest shareholders wanted to be ripped off. Sure it's a story and an experience but it would also be a lot more satisfying to back a winner. 95% of these Securities have turned out to be losers (plus several exchanges) so it's just part of the territory it seems.

Hmmm... would you be suggesting a metaphorical gang rape? Where instead of a single attacker there is a whole gaggle of perpetrators who joined the party... perhaps confident that they would be able to hand off the bag of shit to some poor sucker who didn't realize what was going down? Maybe. But I certainly wouldn't want to unfairly brand any oblivious victims. The fearless leader, still at the helm, owns this above all others.

This is a bit of a tangent, but I'm beginning to doubt that what we're seeing is, in fact, rape.  It certainly looks like a rape, but one man's rape is another man's surprise buttsecs.
Let's assume for a second that Active Mining investors aren't as clueless as they appear.  let's assume that after reading the original prospective and learning that ActM C-tier execs shared the last name "Slaughter," after reading the guileless, childlike wording of that lulzy document, they understood and were enthralled by the implications.  What then?

As creepy and difficult to comprehend as sadomasochistic relationships may be to us, the mundanes, such are no less justifiable than, let's say, a foot fetish.  If the participants have reached the age of consent, we may be interrupting a curious, though perfectly legitimate avocation.
This position neatly accounts for the rabid anger projected at us by all parties involved, as we blunder in to offer our so-called "help."
Something to think about...

Big news is coming, might be good or bad!

Okay, good point. But if you're a cop and you walk in on someone getting raped you can't just say, "Well, heck he's already banging her against her will so I might as well let him finish!" That's the way I see this. In both scenarios it would only be prudent to stop the fucking in progress.

Since Vince (and?) zum, teh august brain trust of Active Mining Belize, don't seem to agree with my synopsis, I'll just leave it here:


I think this is way past the point where Ken could "minimize the damage to investors" and walk away relatively clean.  Like a hapless bank robber who ends up shooting a guard, he sees doubling down as the only way out.  He did not plan for this sloppy endgame--it's unlikely he planned past the [second] IPO at all.  I imagine this started as a short con, and he simply played it by ear after raising some coin.  He had some help along the way, who I'm sure he'll try to sell out, but fail.

Things like this, lasting over a year, create an incredible web of interconnected crap.
I don't know what I would do was I unfortunate enough to find myself in the spot he's in now.  No happy endings here.