If I had a dollar for every time a user accused me of running a Ponzi Scheme only to have it discovered that they are running a Ponzi Scheme… I truly feel sorry for those who got caught up in this mess and won’t hold my breath for an apology from any of you. Some people just can’t be trusted to hold money for others. Now you know.
remind me again of how much you made off of using the forum funds to gain airdrops/keeping the forks etc?
You may not have actually "stolen" any thing but you are still slimy AF for how you went about it. Even Theymos said so...
Then how all the seats are not funded until they reach thresh hold? Meanwhile you have 90% of all the seats? Yes, I have checked your accounting and it all seems correct - however, how long does it take for a seat to reach thresh hold? Years? A decade? oh and how will they accrue any balance now as the mining pool is closed and you sold your miners? are you getting more? is the only way to accrue more for the seats is by buying seats?
You should just pay out everyone who holds a seat for their balance and end your ponzi.
edit: or explain how much of your bitcoin wealth mostly comes from running a pass thru to pirateat40's ponzi - the original bitocin ponzi
Patiently waiting for the reply to this. Heard all about the forks and airdrops ponz but the rest was news to me
I have him ignored for his constant lies about me, but I'll respond for you if you'd like.
I was paid 0.5 BTC per month + was allowed to keep anything except the BTC/BCH/BSV/BTG (I think on the BTG, going off memory). I'm sure there's still a bunch of forks at the address I never bothered to claim.
I was not called "slimy AF" I was actually left positive trust feedback by theymos for my service.
I do not own 90% of the seats or even a majority of them.
The seats aren't funded until the threshold to keep small seat owners from having dust build up on their address that they cannot spend because it would cost more than the transaction fee to do so. If one understood Bitcoin, they would know why nonnakip put this in place. I didn't have anything to do with it actually and was alerted after it was put in place along with everyone else. How long it takes to hit the threshold depends on the amount of seats someone owns and the amount of support the organization receives. I try and do my part and I think the hundreds of BTC I've donated to the project over the years should be evidence of that.
The seats have never received BTC from the sale of seats. All distributions from seats have always come from donations or mining rewards. When one purchases a seat, you're purchasing it from someone else in the club and that person receives the BTC. Even when people buy Minted Seats, they are
minting a seat they own or purchasing a seat from another member automatically when minting one through the shop. The amount from the sale of Minted Seats that is donated to the club is the proceeds from the sale of the coin that would typically go to a coin maker, but I generously donate to the club.
I have a standing buyback offer for anyone who wants to sell their seats for their share of the coins held by NastyMining and have had it on the thread publicly since March 28, 2021.
I lost my BTC in pirate's ponzi alongside everyone else. It's weird that he speculates about my Bitcoin holdings and thinks I would need to do anything shady after being an active member in this community since 2011.
Making baseless accusations at someone who cannot defend themselves as they passed away. You truly are a despicable piece of shit.
We could dig into it further but like I already said, there's no need to shine wrongdoing on people who are no longer here. I've been quiet about it for years but we can talk about why I left the Coin Council Slack Group if you'd like. It's 2024 and people are airing shit out. I'll Katt Williams the fuck out of this community.
Once again, let me try and steer this back to the Bitcoin Penny situation and how concerned we should all be. What amount of loaded coins has he sold? What's the total amount of potential liability here if he decides to use customer funds like an ATM again in the future?
If a mod could not delete this so I don't have to keep explaining this over and over again every time I post in this section, that would be great.