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Topic: Am I the only one thinking that hosted asics are the perfect ponzi cover? (Read 1778 times)

full member
Activity: 162
Merit: 100
"Just send us your money and we will send you profit from these magical machines you never get to see."

Two asic companies really seem to be pushing the hosted option. Same companies are having delivery problems on preorders...


oh yeah baby  ponzi scheme 101

and guess who came up with it

none other then  bfl josh  newlly hired at bfl  while ago  since he has basically nothing els to do all day

then lie on forumus about bfl declivery dates  the lead along  as many as he can

for the bonus he has been promised (as per % of canceled orders)

learnind from the lies and scams of bfl   he took the liberty to come up with his own

and sounds like this
give me all ur   sc and  minirigs
i will keep them in my garage

i will charger 5 times the electricity to run them

ad i will make a 3 % fee couse i run them on my pool

and need be one day when i run over a 100 minirigs just keep the earinings for a few days and


ready to retire  trinidad here i come:)
with my prv jet

true story
legendary
Activity: 1540
Merit: 1000
I don't even know why I'm bothering to practice so long to make real products for these people when I could just scam them out of their money so easily instead.
hero member
Activity: 868
Merit: 1000
Crossed my mind too.  "Oops, our data centre burned down".

Also a perfect cover for Self Ming as well...

Has so many ways & oppurtunitys to manipulate the situation is a really scary option


Fuck knows how many units the "Bitcoin lending syndicate" are going to receive in return for the early funding of the project, too.
hero member
Activity: 574
Merit: 500
Crossed my mind too.  "Oops, our data centre burned down".

Also a perfect cover for Self Ming as well...

Has so many ways & oppurtunitys to manipulate the situation is a really scary option

hero member
Activity: 868
Merit: 1000
Crossed my mind too.  "Oops, our data centre burned down".
hero member
Activity: 686
Merit: 564
The thought has crossed my mind, especially as we've already had scams that demonstrate how easy it is for someone to set up a sham mining security and do a runner. On the other hand, if any of these companies deliver there'll be a huge hashrate rise that'd be hard to fake... unless they wait until someone's genuinely shipping ASICs.
full member
Activity: 179
Merit: 100
Its more than possible I guess, bloody hope not tho! Would be a pretty big thing to keep under wraps for to much long either way  Grin
hero member
Activity: 561
Merit: 500
Totally agree - hosted asics would make a fantastic cover for a ponzi. Even more so if anyone eventually delivers a real asic.
full member
Activity: 224
Merit: 100
"Just send us your money and we will send you profit from these magical machines you never get to see."

Two asic companies really seem to be pushing the hosted option. Same companies are having delivery problems on preorders...
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