Topic: [BitcoinMax.com] Closed - page 39. (Read 190275 times)

Please, if I'm wrong, show me where I'm wrong. But I reject the idea that someone should refrain from making a correct, valid, rational argument because the consequences of the argument are unpleasant.

As for a "destructive attitude", there is something here that desperately needs to be destroyed. And if "I did nothing wrong" is the attitude that prevails, we'll have learned nothing from this tragedy.

Aha! My previous post did give me an idea for a way to build something that could make a profit for people who buy it with bitcoins.

We make a corp that offers gains to people in some other currency. The way it makes those gains is by using that other thing to buy bitcoins. The way it is able to cause gains for people who already had bitcoins is, it does not pay out to the other currency people the full amount the bitcoins have gained in value.

Hmm, actually maybe even that seems maybe at least a little scammy. People investing their other currency in it would be better off simply buying bitcoins directly themselves... But I guess that is where our profit comes from: we get to skim some of the profit they would have made by holding bitcoins instead of this offering of ours...

-MarkM-

EDIT: For someone willing to be active rather than passive, maybe providing bitcoins to be cold stored as backing for tokens would be worthwhile if you are prepared to make money by acting as a market-maker...

dont worry guys everyone is going to get their coins back....relax a bit brothers.....

It could have been a much more helpful example if your "investor" didn't lack basic math skills.

The problem is that bitcoin itself is an investment, so it doesn't make much sense to borrow it to invest. It makes more sense to borrow something else to invest in bitcoins. It is very hard to come up with a non-scam reason to take a loan denominated in bitcoins, even borrowing litecoins or devcoins or ixcoins or i0coins might actually make more sense; sure they have more room to massively jump in price but have they actually been growing in value as fast as bitcoins? Best of all would be to borrow fiat or something about as stable as fiat.

So what would force a borrower to have to resort to borrowing bitcoins, of all things?

Maybe being such a horrible credit risk that they are totally unable to borrow anything else?

A great return could be offered in almost anything other than bitcoins simply by using that other thing to buy and hold bitcoins.

-MarkM-

Quote from: payb.tc on August 27, 2012, 02:07:34 AM
… i definitely rate personal responsibility way above victimism... people have noone to blame but themselves.

If one of the victims had said that, I might not have replied, but if you say it, a few words are in order.

i am one of the 'victims', therefore didn't bother reading the rest as the logic doesn't follow...

i've lost 5300 btc.

i'm sure micon and the likes will love to hear me publish my exact personal stake.

but clearly, i take sole responsibility for losing those coins.

edit: okay so i read a bit more of your post... if pirate doesn't pay out i've made practically nothing at all from this venture. perhaps 20 btc, haha i'm rich!





As i really love theoretical and philosophical discussions about the wherewithall of ponzis, currency systems and bitcoin, i really think they should have been

posted in the original OP before rather than being discussed only after the shit has hit the fan in the Bitcoinmax thread.

Which mindset produces the "older accounts first"!!??   As long as it works....shut up its an investment which can go wrong...and when pirate busts the "hypothetical" remnants will

be treated as a scammers ponzi loot ? -- those in front of the chain -letter first?

Can you  confirm your personal responsibility by paying out those 20 coins left to " Andies coins" account before you victimize yourself please?

Even pirate himself closes smaller accounts first...for not being accused to keep bitlane earily quiet ............not so much anymore?

Tell us how the first hypothetical swoop of say 5300 coins would be distibuted ?


Thanks for an answer to the layman

Cheers Zyk
P.S.

I want an answer before pirate is PM éd  to determine if bitcoinmax is a failed enterprise or a planed  scam!!!

It depends on what you think is worthwhile. Either help build something or spend your time trying to explain what Bitcoin is to the police. Building a service that's in demand creates value; the police will have to understand Bitcoin eventually regardless of whether you explain it or not. Your choice.

few minutes ago.

I should help to create a credible savings business to invest my Monopoly money?

Haha, brilliant, and totally spot on : D

Let me summarize the current thread for people:







time passes...

[22:56]   pirateat40   Notice: If you are a PPT operator please contact me via PM. Thanks...

Classic abdication of responsibility. What are you going to tell them - "Someone stole my Monopoly money"?

Crying over spilt milk in an unregulated and barely recognized environment is foolish. Get over it and forge ahead. How about helping to create a more credible savings business to replace BTCS&T? No? Then stay out of the way with your whimpering and tears.

And yet here you are, doing exactly that like the self righteous prick you are.

You people make me sick, get on the ignore list and stay there.

payb.tc, I agree with the other users.  The trolls have 2200 other threads to spread their holier than thou opinions, don't let them have this one as well.

EXACTLY!  BitcoinMax had a simple interface and explained clearly deposits, withdrawals, and interest for those of us who AREN'T moonlighting stock brokers!

"Man, getting robbed and beaten really sucks. Well, I knew it was a bad neighborhood. I'm not going to cry about it."

"My home got foreclosed on, Bank of America sucks! Well, everyone said they were crooked. Guess I learned my lesson!"

"That auto shop destroyed my car! Well, they did have a bunch of bad Yelp reviews. Oh well, I should have known better."

I don't know about you, miscreanity, but when someone lies to me and steals my money, I call the police.

+1 to this
I'm trying to get into something too, but now GLSBE is a bit daunting to get into.  I could use some help as well.

The thread is BitcoinMax - Closing Down.

Does anyone have any USEFUL information, like a bitcoin savings account that pays an interest rate . . . . preferably a reasonable one that "EVERYONE KNOWS" is NOT a scam and is NOT going to fold in four weeks?  If I can eventually earn back SOME coins I'd still like to invest somewhere for when mining dries up.

Well, I may be the sucker that lost a shitload of MY Bitcoins ...but I am not the cunt that lost OTHER PEOPLE'S Bitcoins.

I figured out the moralistic logic. It's all predicated upon the notion that the world's population exists in an infantile intellectual state, virtually incapable of acting independently on anything more complex than inserting food into the mouth hole.

• Anything that generates a return is a scam because the operators could be misrepresenting data, especially when the business model isn't disclosed and/or is incomprehensible to the uninitiated.
  
• Therefore we're all scammers and should kill ourselves, except for those who screamed 'scam' because they're more human than human.
• Pirate and payb.tc should kill themselves twice, just because.
• The suicide pact shall commence during the passing of a famous asteroid.

Problem solved. The moral dictators will then be able to sit around and mentally masturbate for the rest of their lives, even though nobody else will be around to care.

Maybe I can extrapolate this to education.

• Pay thousands for a college education.
• Work at a company.
• Get laid off.
• Vilify the college, burn down the company.

The first and last parts are interchangeable. Makes perfect sense - about as much as the witch hunt. It's about as actionable, too.

I risked and (maybe) lost. That's more than Team Ponzi can say; they need to get over their bad selves. Now it's time to get back to doing something more worthwhile than making a mockery of holier-than-thou Internet dictators.