Topic: Leroy Fodor has gone Full-Delusional! StakeMiners Confirmed .100%[sic] Insolvent - page 4. (Read 294785 times)

StakeMiners - This Week - 08 May 2017
>Since March 2015<
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Weekly Data
Stakepool: Altcoins = 2.8 BTC
Ratecoin holdings 6,332,077 about 6.04% of supply.
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-- Stakepool Account Changes
Effective Monday, May 8, 2017 StakeMiners account will be marked to the value of the clients percentage (%) of the altcoins which form the stakepool. This will remove any direct peg of the value of the altcoins to either BTC or USD which eliminates any liability associated with the change in price of Bitcoin.
We recognizes and understand that this action will result in a major devaluation for depositors, however there is no reasonable expectation, the company can repay either the BTC or USD value of the deposits at this time. That left us with the option to eliminate the BTC/USD peg or close the stakepool. We have choosen to continue.
This change will not effect your weekly earnings as your weight on the stakepool will remain the same.
Our efforts will now focus on rebuilding our stakepool and the generation of weekly earnings from the staking of altcoins.
-- Altcoin Withdrawal
A major altcoin depositor who held 25% of coins in 4 wallets has withdrawan and sold his altcoins. This explains the significant reduction in the size of the stakepool.
-- Bitcoin Deposits
Bitcoin deposits will now be accepted and will be used to purchase Ratecoin [XRA], unless the client instructs us to purchase another altcoin we stake.
-- Client Specific Altcoin Deposits
We will accept and establish a wallet for staking client specific altcoins. We currently have 3 such client specific altcoin wallets. Please contact StakeMiners for more information.
-- Ratecoin (XRA)
Our wallet is good, the coin stakes well and we invite you to make it a part of your crypto holdings. You can follow Ratecoin on Twitter at: @RatecoinXRA. We maximize your return by optimizing our stake block sizes to maintain high staking weight on the network.
Stake Rate Return
(minimum reward of 100 XRA)
0-1 Days Age: 0.25%
1-2 Days Age: 1%
2-4 Days Age: 1.5%
4-8 Days Age: 2.25%
8-16 Days Age: 3.375%
16-32 Days Age: 5.0625%
32-64 Days Age: 7.5938%
64-128 Days Age: 11.3906%
128-256 Days Age: 17.0859%
256+ Days: 25.6289%
Thank you for your continued support.
StakeMiners
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StakeMiners.com is a crypto-currency altcoin Proof of Stake (POS) company with 4 active altcoin wallets. Please visit our Facebook page or our RateCoin XRA forum on Crypto-City. You can email us at: [email protected].

Values: Invested BTC 124

Values: Altcoins 10 BTC / Invested BTC 120

Values: Altcoins 2.8 BTC

Investards did, but Leroy Fodor easily convinced them that handing over their bitcoins to him so to stake PoS altcoins that he spent 100s of hours vetting before including them in StakeMiners' portfolio because he's a Forex Guru having over 380 successful trades under his belt was a better investment than simply sitting on bitcoins with a hope and a prayer.

Currently, I'm trying to school them assholes over at the Qtum thread that something's seriously afoot, but now getting resistance from sockpuppets in spite of Bitcoiners more trustworthy than I echoing my sentiments.

If only someone was around at the beginning to ask how doing whatever voodoo he was going to do would be better than just sitting on BTC the whole time.

So basically he's saying "I'm announcing new rules that make it ok for me to steal 75% of your deposits".

Luckily the moron was able to get "only" 120 BTC, which was around $30-40k at that time. I doubt he will pay out even that much. He'll come up with some other bullshit, like paying out in Ratecoin or something.

Fuck that retarded Leroy Fodor fraud.

Witness. A portrait of a failing cryptoventure.





Fuck that retarded Leroy Fodor fraud.

Wow, this scheme is "earning" 1% per year and lost 90% in two years, while BTC value roughly quadrupled in that time frame. It's a shame that nobody told Leroy back in 2015 that his "business" idea is utterly stupid. Does he still do random withdrawals for "marketing"? Definitely needs that now.

Hey, thanks for the link, bud. Here's my first contribution to the linked-to thread: https://bitcointalksearch.org/topic/m.17386097 

OMG... this is still going?

Anyway, here is another delusional https://bitcointalk.org/index.php?topic=1434155.980 Feel bad I invested 350$ in it...

Is Leroy still paying out 0.35 BTC per week? Doesn't look like that's even remotely possible given his "holdings" of 17 BTC and "earning rate" of 0.11%, although it's very likely he messed up one or more of those numbers.

So basically he shorted BTC for nearly two years until he realized that this might be not such a good idea. Leroy's financial ingenuity is blindingly brilliant.

 

Love how he still lies and says -.87 diff... Idiot/scammer... LOL...