Everything that is related to Bitcoin including hosting, mining, trading is going to have some form of risk associated with it.
It's up to the individual that is taking that risk to analyse the information and make a decision based on their best reasoning.
This whole network is built on trust and when you are new and untested you need people to calculate that risk and take a chance. I speak with him often (actually most days) on Skype and to me he seems like a genuine human being.
If for whatever reason that the deal goes sour I would hope that he would do his best to compensate the people involved with his shares.
I also just like to have a bit of trust in good ol' fashion fucking humanity as well
It takes a special person like you to come rampaging in (throwing out accusations as you have we can see in the thread below) that are based purely on your own speculation. He has no need to divulge any information to you when you come charging in to the thread like that..
If you are skeptical of the deal everyone is in their right to question the details but if you're not smart enough to do it properly then you are doing a massive disservice to the Bitcoin community. You have no further reason to post in this thread now other to apologise to the OP and conduct yourself with a bit of civility
Yeah, me personally doing disservice to the bitcoin community by pointing out how asinine this deal is for the host and that he shouldn't do it and that he should just keep what he mines for himself? He doesn't benefit at all from selling shares, you benefit. Who's the scumbag, me for pointing that out, or you for taking advantage of someone who seems to not know any better?
I knew you would avoid the whole questionable free electricity thing. Good research and speculation done by you. Did you notice the way he poorly handles shares, his own hardware, and his measly 8% of mining? Good research and speculation done by you. Lowering his price because someone cried, no alarms went off in your head? None? Why, because he doesn't know what he's doing, he set his fee way too low, and you jumped on it. You, my friend, are the problem. I was his solution. You are taking advantage of him because he doesn't know any better and I tried to help. Oh well.
You should apologize for taking advantage of him. He has shown over and over and over again that he doesn't know any better. Have fun raping him while he lets you.
Or, this is a scam and he'll disappear once he sells enough of these too good to be true, shares.