1. Take preorders for non-existing product.
2. Buy BTC -> goes up, refunds in USD
3.
?
4. Profit.
2. Buy BTC -> goes up, refunds in USD
3.
?4. Profit.
That might actually work, because Bitcoin
Topic: Here is an interesting CT for you: ASIC preorders actually invested in BTC (Read 829 times)
January 24, 2013, 03:49:33 PM
That might actually work, because Bitcoin
January 24, 2013, 03:36:44 PM
well that was fun 
January 24, 2013, 12:15:32 PM
Not going to be true, because if price goes down...
risk, risk, risk!
risk, risk, risk!
just make your refund policy sufficiently vague that if someone pays in bitcions, you can either refund them in a "like amount of bitcoins, or USD equivilent to purchase price" ...
bitcoin goes up, refund in $$... Profit
bitcoin goes down, refund in BTC.. no profit, but no loss
January 24, 2013, 12:09:22 PM
Not going to be true, because if price goes down...
risk, risk, risk!
risk, risk, risk!
January 24, 2013, 12:06:53 PM
It goes something like this:
1. Take preorders for non-existing product.
2. Buy BTC -> goes up, refunds in USD
3.?
4. Profit.
The best thing would be even under the current BTC consensus on scams, that wouldn't qualify, since well you could get a refund couldn't you.
Same process could have been applied to bitpays "USD 510,000", oh and so many other things.
More to come, in the mean time: BUY BUY BUY.
1. Take preorders for non-existing product.
2. Buy BTC -> goes up, refunds in USD
3.
?4. Profit.
The best thing would be even under the current BTC consensus on scams, that wouldn't qualify, since well you could get a refund couldn't you.
Same process could have been applied to bitpays "USD 510,000", oh and so many other things.
More to come, in the mean time: BUY BUY BUY.
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