Topic: [EDIT] please deleted - page 2. (Read 5259 times)

While it all started good, one word keeps coming to mind.
Paying dividends with fresh new money... Until mining is not profitable. Then repeat.
I'll not name the word. But I packed and ready to run as far as I can, away from this.

I can confirm that. When I raised legit questions on scryptx IPO my posts were deleted and received a warning message saying not to post there anymore. You can check in https://bitcointalksearch.org/topic/deleted-posts-from-self-moderated-havelock-scrypt-10-ghs-hosted-scrypt-mining-597799. You will see that mike was a big suporter of CriptX but I'm very glad that he opend his eyes and now see the big scam they are runing. I hope more people will see that and stop donating money to CriptX.

I'd like to add my thanks to mikemikemike.

I was going to hold trough the IPO out of pure laziness, but your statements prompted me to snap out of it and check things in much more depth and nothing added up, especially their difficulty predictions. Having done some mining predictions in the past myself, it is quite obvious that setting dividends low right after the IPO is really bad for investors, as they will have hard times climbing back up, reinvestment or not.

And the way CryptX handled everything is truly annoying (not to mention the other words that come to mind) so I sold everything the night before the IPO, while I was still on good profit.

Myself and others have stated in the scryptx thread - these guys are just selling preorders at an inflated cost (and then charging hosting fee's to boot)

This is no "investment"

Using self-moderated threads so you can delete the posts of people who raise arguments against you makes you look like a scammer and an asshole. I wouldn't personally do it - it's not the way to do business here.

Stop posting snippets of messages that are fully posted above. It makes it clear to everyone you are just trying to defame me instead of answering what are clear accusations. May I ask, considering the screenshots of the entire conversations are posted at the top, which clearly show my true intentions, not what you are posting above, why are you still trying to defame me?

Here's the screenshot with proof if anyone is interested - http://imgur.com/zbBjoC5

Do you not realise you are just putting another nail in your coffin?

How about instead, you just answer the accusations above. But that would mean actually telling the truth, something you are incapable of because no one would ever give you any money again.

It's nice to see your IPO failing, and looking at you deleting all those posts in the official topic just validates what I am saying. How many posts are you going to delete from numerous people until you realise your not going to get away with this?

Watching you squirm with the BS that is posted above really makes me happy.

So I ask one last time,

Why post fake projections?
Why don't you own any shares in your own company?
Why is your only stream of revenue the more electricity you generate?
Why is your entire business strategy to maximise electricity? While destroying investor ROI?

It must hurt not being able to delete posts here right?

How about you just answer the accusations instead of deleting them everywhere you can and trying to discredit anyone who posts them? Ohhhh that's right. Because they are true. You know I've had over five people now contact me directly thanking me for bringing this all to light? You should have started deleting my posts days ago.

You are a bunch of scamming assholes. Enjoy your shitty existence.

Everybody,

Just to inform you about the practices of these 2 people: mikemikemike and Effect. We have been receiving messages from them with bribe suggestions and threads. This is something that cannot be tolerated. Here are some quotes from their PM’s:

From Effect
“I know mikemikemike in real life. Infact were in the same hotel as I speak. If you want him to stop and delete his posts just pay him off and you can continue running your sham.”
“I really would like to enjoy my holiday, so just speak to him. He's a very determined person, he won't let this go until he has a reason to let it go.”
“I'm just trying to give both of you a way out, it's the only thing I can think of. And it's not the first time he's been paid to keep quiet. He's a very smart guy, but money controls him.”
“But How ever much he says he's not pissed off, he is, you guys screwed him and other investors by upping the share price of CryptX while SCRYPT was just being born.”

From mikemikemike
“So apart from you guys screwing over most of your more serious investors by artificially bumping up the price to 0.095 while all we deviated our funds to Scrypt. I'm not saying this was intentional, but it did fuck us over. I'm saying you didn't think about us. Which is fair enough, this is business, and time is of the essence.”
“If you don't then I'm gonna go fully public with everything I know. It will be said in allllot more detail, spoken in allot better language, and I will give full projections that no offence, make yours look like child's work. I used to do it for a living. When this gets out, and your motives do to, your IPO will never sell, you guys won't make anywhere near as much money, and ill make sure it gets to every article site and forum on the web. I hire people to do that for me.”
“I know this has been a pretty blunt email but I hope you understand where I'm coming from. I've never been that straight edged myself but this is ridiculous.”
“I'm going to get to work on my own projections tonight if I don't hear from you and make them public”

Ok. So look at it like this. Imagine you know a shit lot about computers. And a new computer comes out which runs at 3GHz instead of 1.5GHz, and everyone's like "OMG IT'S TWICE AS FAST THIS IS THE SHIT, IM GONNA PAY 50% MORE FOR THIS COMPUTER AND IM GONNA HAVE THE FASTEST OMG OMG OMG", but in reality, it's not just the processor speed that makes the computer fast, it depends on the number of cores, the memory, the read and write speed of the hard drive, the graphics card ect ect.

So imagine you've worked out that in reality, this computer is actually allot slower than the older models, that the manufactuer has just pumped it up to 3GHz while killing all the other specs to make it look better than it actually is. Now imagine on top of that, that same manufactuer goes around advertising it's the faster computer on the market. It starts to tick you off towards that company after a while.

Now imagine you used to be a stanch supporter of this manufactuer, and you've told all your friends these are your guys, they will sort you out. By not actually coming out when they are trying to pull somthing and trying to stop them, when your friends realise in a few months that they can't keep up with the latest games, their gonna be pissed. It's like leading 100 sheep to a cliff and telling them its going to be safe, and then you find out theres a landslide. You'll do everything to stop it but in reality there's not much you can do, their already at the cliff enjoying the view.

Anyways, the whole point is I'm not the only hearder. You've heard from so many other people that are long term holders of what they are trying to pull, and hopefully it's got through to quite a few. But you've still got your diehard kids who are like "FUCK YOU, I DON'T CARE WHAT YOU SAY ABOUT MY COMPUTER, IT RUNS AT 3GHz AND YOU DON'T KNOW WHAT YOUR TALKING ABOUT"

It's painful.

If people don't believe what I'm saying then just look at what other people are saying. This whole update makes zero sense from an investors perspective. Someone ran the numbers and worked out earlier that infact, ROI wise, investors where two times better off with the old reinvestment plan, and five times better off without any reinvestment plan altogether. Other people have run the numbers and realised the ROI is less than 20% of what's advertised. This isn't just me saying it anymore. But tbh, all I wanted was other people to do their own research independent of what I'm telling them and work it out for themselves. Which has happened. And that I feel allot better about.

So yeah, next bit is why are they doing this? Its the same reason CryptX don't own ANY shares in their own company, because they make money from the fees. How many companies dont have the owners or CEO's holding a stake in the company?? if you had a server farm, is it not the last thing you'd want, as having the guys who manage it, having their only income as through how much electricity they can generate??? it sounds crazy doesnt it?? but this is exaclty whats happening. Their interests are aligned completely opposite to the investors.

And yeh. if you look at the ONLY benefit towards their strategy of reinvestment, it's that it increases fees at a sliding exponential rate and then stabilises them, all in all killing ROI for investors. To me, and to a few others, this is the most obvious thing, but some people just can't see past the two dimensional aspect.

Anyways, it's pointless now, the IPO has started and they have restructured the company without any say so from investors. In three months time all those investors are gonna be absolutely fuming when they realise they can't even play the shity games, and the manufactuer has robbed them.

Anyways. Whatever. I'm slowly starting to move on, I've done all I can do. CryptX is now deleting all the posts that explain to investors what's going on, and the only people left are the shills who can't see past the whole 3GHz sign.

Effect, we've known each other for a few months, he does my numbers and the occasional bit of PR as my English is terrible. Aparanttly he was just trying to incriminate them but he probably just wanted a reason to walk away from this mess. Knowing what we both know though i wouldnt be suprised if he took their money and just told them to fuck off. But whichever whatever. im not getting involved in it. There where a couple other PMs that were sent, including one from cryptX asking for me to contact them directly but nothing that really deviates from the screenshot they posted.

Anyways, I'm gonna stop with this now. The IPO has started and I've got the information out. If people want to carry on believing what these guys are selling, whatever. It's a learning process. Plus, I'm on holiday. Well, I'm permanently on holiday but I've got shit to do on this one that isn't just work related.

Anyways, Peaceeeeeeee

gosh this is exciting...

just remember in future not to count your chickens. I mean, if you're 2000% up already, what do you care?

For those who have already made more than they put into (in fiat) the bitcoin space, I believe there should be an element of "not giving a fuck". Especially with the high risk/reward ratios that still prevail in this space.

Calm down and offer some constructive solutions instead of throwing your toys out the pram


PS - I do actually value your posts mike... just I don't take them totally seriously.

PPS - can you offer up a clear explanation of why effect sent that message to cryptx and what he hoped to gain from it? What is effect's relationship to you, can you say whether or not effect is an alternate account of yours?

They delete all your posts aswell?

This is apparently something peta really doesn't want you to know.

I didn't. I did extensive due diligence beforehand. Their cash grab has only happened in the past few days. Thanks for your opinion though, extremely insightful.

I'm not too sure exactly.

But yup, that's pretty much what I've been trying to say. Bleed one company and give to another. Just have some absolutely stupid investors who can't see what this update actually is, because they are too blinded by the emotional contention they have with this investment, who would frankly, by the looks of it, argue 2+2 equaled 5 if they had money on it. but whatever.

What is the exact total divs? If it is less than 3,000 btc then they have technically never made a profit.

I am starting to think petamine is just a complex scheme to sell electricity. $0.45/kwh is about 10 times what you would get selling to the grid.

If you go to the website, grab their names, and search through LinkedIn, you will find the owners. It's got there what they do.

Total divs have been good up until this point. But this new update is going to kill them off

Source for PETA owning a solar company?

Also anyone know the total divs up to this point?

Just a footnote.

The ROI predicted by them is complete bullshit. The share price at the moment is artificial. Once investors realise this over the coming weeks the price is going to skyrocket down. Please read all of the above. This is the 100% truth, and can be verified just by looking at the facts, moreso than anything, the projections.

Backup of projections can be found here - http://imgur.com/VpqFaZH