Picture, if you will, a warehouse somewhere in Ukraine where three gentlemen are sitting around a table sniffing lines of powdered chips through rolled up computer hardware receipts….Bosski1: *sniff* “Boyz!! Look at us – we’re mining at full capacity, soon to be the biggest pool in the world & making a very handsome profit indeed – well done boyz!!”
Bosski2: *snort**sniff* “But it’s not enough Bosski – we should be making much more profit to enable us to continue with our powdered chip habit”
Ripovski: *sniff sniff* “But Bosski, we are already at maximum profit & 100% efficiency, I can’t squeak another millibtc out of the hardware”.
Bosski2: “Don’t be stupid Ripovski *sniff* just double spend some more, those idiots won’t notice anything…*sniff*”
Ripovski: *gulp* - *big sniff*”Erm, actually Bosski – I’ve been meaning to talk to you about that….”
Bosski1: “Why Ripovski? You look worried…..what’s happened?”
Ripovski: *big gulp* “Well Bosski, somebody found out about what we’ve been up to & posted about it to the entire world wide webz.”
Bosski2: “What!? I told you to cover your tracks Ripovski, & make sure the idiots couldn’t trace it back to us – how did this happen?” *snort**sniff*
Ripovski: “Well Bosski, it seems they’re not all idiots like you thought – we’re busted.”
Bosski1: *snort* “Ripovski?”
Ripovski: *sniff* “Yes Bosski?”
Bosski1: “You’re fired!” *snort*
Ripovski: *sniff* “But Bosski……”
Bosski2: *snort* “Don’t worry boyz! Come back here Ripovski, I have an ingenious plan that will make us even more profit with no risk of being caught out by any more cleverdick idiots. Ripovski – I want you to design the prettiest, fanciest & most expensive looking website ever, we’re going to sell off our hash rate at more than twice the price it’s worth – and then charge the idiots to use it only on our pool– it’s perfect I tell you!!”
Bosski1: “I like it! This sounds very promising indeed….I’ll go straight to London & slip someone a few quid so that I can start a new company – that will put us in the clear when I write a statement to the idiots….Ripovski?”
Ripovski: “*sniff* “Yes Bosski?”
Bosski1: “You’re hired – get to work” *sniff*
Ripovski: “Erm, but Bosski – what idiot is gonna buy our hash rate at twice the price its worth & then pay to mine at our pool with it?”
Bosski2: “Ah, that’s the clever bit – we tell them they can sell it at any time they want for a profit, simple!”
Ripovski: “ But Bosski, to sell it at a profit, some idiot will have to want to pay even more for it – who’s gonna do that?”
Bosski1: “*sniff* “Another idiot probably. All we have to do is convince them that they are getting a good deal, right Bosski?”
Bosski2: “Exactly! And get this – this is the REALLY clever bit -*snort*- we, or rather you Ripovski, will control the price of the hash rate to ensure that we can’t make a loss – this will keep the idiots so busy trying to guess the market price that they won’t go anywhere else!”
Ripovski: “But Bosski, surely there can’t be that many idiots who will fall for our little plan? What if they realise what’s going on? It’s happened before”
Bosski1: “We’ll just do what we done before – ignore them. But don’t worry boyz, that won’t happen this time, Bitcoin is getting bigger every day - and there are hundreds of new idiots arriving daily with it - & they’ll all come straight to our pretty, shiney site that promises them wealth & stardom beyond their wildest dreams – isn’t that right Ripovski?”
Ripovski: *snort* “Erm, if you say so Bosski, yes”.
Bosski2: *snort* “Anyway, even if the idiots do cotton on to what we’re up to – we’ll be long gone swimming in wodka & caviar before they know it….”
Bosski1: “Ripovski!”
Ripovski: “Yes Bosski?”
Bosski1: *snort*“Make sure you cover our tracks properly this time – I don’t want to have to fire you, start another company & then hire you again…..”
Ripovski: “OK Bosski”
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And they all lived happily ever after – The End (or is it?)
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Right, before you all start – this is a fairy tale. Any similarity of characters, persons or companies to any real life entity is completely unintentional & must be a total freak of nature or something like that.
Honest.
Or maybe it’s something to do with what I just smoked – it’s wicked this stuff……it’s like ESP or something, I dunno.
Anyway, expletives & CAPITOL LETTERS!!! can now be added at your leisure below – knock yourself out.
Be careful out there in Bitcoin mining land…….
