Topic: 📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 21. (Read 958997 times)

I'm happy to announce that CoinCaps.net is now donating 50% of their revenue to NastyFans! 
This represents a new source of Bitcoin for NastyFans (advertising) and also a free ongoing advertisement on CoinCaps.net!






I've also purchased a Bitmain A3 Antminer for NastyMining to add Blake(2b) to our growing arsenal of hashing algorithms.

ace work OG..

you mentioned charity and FUN... really struggling on the charity thing.. unless its just for your own pockets as you are selling the seats you gave yourself..

and I guess the fun is quantified by how many dodgy sausages you can fry on the little boat?

I didn’t shill for GLBSE. I founded MergedMining and ran it until someone else bought a majority of the shares and took it over. Then I took what I learned from that experience and used it to create NastyMining.

As for pirateat40’s savings and loan, I was the only person providing insurance for deposits and when it collapsed I paid out everyone their insured amounts. Nothing but satisfied users, including our own famous NastyFans supporter, coblee.

Thanks for pointing this out for people who might not be aware of just how long I’ve been protecting user funds from scams on this forum.

yep.. you forgot the re structured loans...

sorry this isnt as pretty as anything OG produces.. but you get the idea..

The 'wording of the thread' is constantly being revised.
Earliest snapshot I found doesn't help much http://web.archive.org/web/20130606192647/https://bitcointalk.org/index.php?topic=86854.msg954234
Anyway he is now back to shilling for other scams. Here he is shilling a shitcoin to help relieve people of their bitcoin https://bitcointalksearch.org/topic/ann-bitcoinhomework-extracredit-xtra-exchange-soon-2638162 in a self-moderated thread.
He used to shill for GLBSE https://bitcointalksearch.org/topic/glbse-mergedmining-btcnmc-mining-company-47490 [GLBSE] MergedMining BTC/NMC Mining Company and pirateat40's Bitcoin Savings & Trust https://bitcointalksearch.org/topic/reserve-fund-has-been-paid-out-this-is-now-closed-75843 not least among classic scams from the good old days.
Further lols may be found here http://btcbase.org/log-search?q=ognasty
#notafan
 

you mean the charity of OG nasty? so you held an IPO! (Initial Public Offering) and raised funds in BTC.. then later down the line you changed it to a fanclub and a charity?

are you that retarded OG.. this has to go down as one of the strangest things ever said on this forum

It isn't just wording on a thread.  It is the reality of the situation.  There are no promised returns of any kind.  NastyFans as an organization has never profited in any way from the sale of seats or anything else, it has no physical assets, there are no paid employees, no company issuing anything, & it isn't even based in the US.  It really is a fan club for Bitcoin enthusiasts that I and others donate their time and energy to so that the community can have a fun use for their Bitcoin.

The part that is confusing is that the returns are largely from donations that I personally make with my mining operation or coin sales and software development is largely done by nonnakip for free over a period of many years.  It's hard for some people to imagine others out there spending their time and money to donate to strangers so the community has something cool to display, yet that is the reality of the situation.  If you ask me, NastyFans is more closely aligned with a charity than an illegal security, but calling it a fan club is accurate.

This would make prosecuting less than an open and shut case. In terms of USD, there are relatively small amounts involved when the USD value is measured at the time of the transaction, and there is no actual fraud involved, so I don't think this is something the SEC would give a high priority to anyway.

Out of curiosity, does the wording of this thread (fanclub, donations, etc.) actually prevent the SEC from prosecuting this as an illegal security, or is this just due to luck.

Thanks Og!

All BTC sent from NastyFans is bundled and sent with the weekly distribution.  You don’t need to do anything but wait for the next distribution.

The website says I sold 10 of my 20 seats.  Cool, except I don't see the transaction.  I am a bit concerned with the website telling me "payments for und3rd0g on hold".   How do I get off HOLD?   Will that release the funds from the 10 seat sale?   How do I get the payment for 10 seats out of limbo?  Any help appreciated.  Thanks!

NastyMining's SBTC from the "Super Bitcoin" fork has been exchanged for LTC and sent to the LTC holding address:
https://live.blockcypher.com/ltc/tx/f8b6b16e09e06a87cc0234b3f0bf42ccdf514b7d65c628b54e2ac57e1f9d8998/
($100 was also sent to the domain registrar for future use)

That is a private nastyfans page. Not some fancy OG graphics backed shilling material. Get OG to make a nice fancy graph with all the fancy colours like the USD one above and I may shut up..,

There is lots of new blood in the community and They want to increase BTC holdings this isn't the place to do it

Oh and mentioning apple is retarded. BTC to Apple IS NOT A TRADED PAIR..


EDIT - OG sees this as trolling- it is not trolling it is stating facts.. you and your army of shills can neg me all you want... I want the people who want to make BTC returns to realise it will not happen here.. EVER.....

you are a shady businessman who does not pay back loans in full.. you are scum OG!

The price is available in BTC on nastyfans.org, you just need to click on the change units button.

https://imgur.com/a/DrEfv


I don't think there's a willful deception going on, comparatively if we posted Apple stock price in bitcoin, it'd look fairly similar, Bitcoin's increase in value has been insane.   What the graphs previously posted demonstrate, is that had you purchased  seats purely at the USD equivalent price, they have increased in value.  In other news, some alpaca socks I purchased in 2012 have not appreciated at all  .  Generally from my own experience, I try to view any transaction in bitcoin as being worth the approximate fiat value at the time.  If I was hyper focused on what the value could be, I'd never spend it, so it's also on me to ensure when I purchase something with it, I go back and purchase the equivalent or more to keep my hodling efforts going!

I think I may have misunderstood you TMAN earlier in your posts, I see that you're working to be a watchdog for the community, and I appreciate what you're trying to do here.   I'm still a strong advocate for nastyfans despite hindsight showing me that hodling to purely bitcoin only may have been a wiser investment, but  - that's not to say there isn't a case for value with this group currently.

Case in point, for a significant period of time the price of bitcoin went nowhere and in some cases decreased.  Throughout that time, I received dividends so despite my BTC dropping in fiat value, I was still continuing to acquire.  Even today, I'm still a recipient of those, and while the equivalent of a few dollars here and there may seem negligible, a small investment 5 years ago would certainly be worthwhile today.   I see this group as a long term investment in mining outside of some of the larger organizations. 

You mentioned earlier too the concern about people that received cash for loans because of the price of bitcoin increasing.  I was one of the people that had a loan to nastyfans, and I opted to take some additional seats (from his own holdings).  I think Nasty was very transparent about it, at the time I don't think a hedging instrument was available to hedge against the fx exposure that was faced, and longer term those loans would have harmed nastyfan's success or even viability as an organization.  At that point, I think many of us were interested in the longer term prospects, and honestly the loan relative to my seats would have translated into a loss regardless (i.e. if nastyfans seats became worthless but I received my loan repayment, I still would have lost out).   I got the impression that most of the seat holders here were in a similar position, and saw the long term value of this group, which is why there were some negotiations made to ensure longer term viability as a group.  At no point did Nasty force this on me, I think it was just a practical matter of him protecting seat holders by ensuring the longer term health of the group.

So here again, I don't think there's been any intentional misdirection or lack of transparency.  Any investment vehicle has some associated risk, just as exposure to bitcoin is a risk.  I go back to what I mentioned earlier with the perceived value in fiat at the time of a transaction, at the time, I felt that the value merited the investment, and it's yielded positive returns in fiat.  My point is, I'm in it for the longevity of this group, which going on 5+ years, I think is saying something. 

then do a nice fancy graph with exactly the same data but in BTC... oh no you wont do that will you?

you would try to pull the wool over peoples eyes by trying to shill this depreciating asset in USD figures..

go on.. have a set of balls and actually post the true facts in BTC for once in your life..

The BTC stats are provided by NastyFans.  Anyone can see those numbers with 1 mouse click from the OP.  The fact I took the time to convert everything to USD at the time of transfers for users who may want to declare these donations on their taxes, etc, should be appreciated.  



BITCOINS DISTRIBUTED:




You will never shut up.  I've had this updating chart posted on the OP for years.

9 WEEK PRICE/VOLUME CHART:

if that was the case OG would post stats in both USD and BTC to give an accurate all round picture. he does not do this.. to me it shows he is trying to blindside seat holders and any future investors

a depreciating asset is just that, a badly run business. The fanclub swap was just a ruse to get SEC attention away from OG (cant blame him for trying) but the constant USD returns is utterly misleading to people who have and may in the future invest in this Asset.

if og manned up and gave a full picture you would't have me in here pointing it out.. then full disclosure is out there for everyone to see.

maybe if a few fanclub members requested it he would do it.. and I wouldn't have to come in here to point it out.

he even used rising BTC prices to get out of paying the full loans he took, he strong armed the lenders saying take more USD now or it may take me 100 years to pay back in BTC. as its 0% interest its the best loan in the world for the club..

only so much bad management can be covered up

Wow..

Honestly, I'm getting kind of sick and tired of checking out this post and seeing complete shitposts claiming this is a ponzi scheme etc. 

So for the probably tenth time or more (check back on here and you can see my history) - I'll be happy to discredit much of the FUD and provide personal experience. 


Alright kiddies, gather around - it's time for old lesson in the crypto space:

Back in 2012, it was the wild west, not as crazy as the years before where pizzas were going out the door for thousands of bitcoins, but times were interesting enough.   Back then getting bitcoin wasn't the easiest thing in the world to do, many of us either mined or went through Western Union or wired money directly to exchanges in order to just get some of that beautiful bitcoin.   For those that remember, the waiting process was a pain, and we routinely heard how most/all exchanges at the time were unable to process debit or credit card transactions because of the fact that people would call their bank claiming a faulty charge, and with no chargebacks things were not exactly going to go nicely in bitcoin.

Along came a ton of different securities, and the first batch of securities were all over the place.   There were straight up ponzi schemes, there were outright scams, and with crypto being in the place it was at the time, it was nearly impossible to enforce.  So back then many of us who were remotely interested in the securities space had to be picky about the ventures we invested in.   Back then, I was looking around and found several that I invested in, some ended up doubling almost immediately in value on the securities exchange at the time that it was listed, others gave minuscule returns, and others gave nothing back.   Well Johnny Law got involved and shut that exchange down (I forget the name of it, and honestly don't feel like researching which one we were with at the time - as like many I lost a decent amount).   If I recall correctly, the exchange was shutting down and did give some grace time, but as you can imagine, at the time most people were liquidating their positions to get whatever they could from it.   Now, here's where things get a little bit interesting and are why calling this group a ponzi scheme makes no sense: .    If you're OgNasty, at the time the exchange was going down, there was limited information available on users of that exchange and who had what, here is where he could have let the whole thing dry up like many listings on there and do nothing.   Instead, work was done to launch a website, transition active membership over to that new website, and open up an active dialogue with members to seek insight into strategy and investments as a group.

So here's my question:
If OgNasty was running a straight Ponzi scheme, why would he even bother to make the transition work, or solicit feedback on a long term strategy for the group?   Back then, most mining groups were straight up "hey we're buying this amount of hardware, and we'll mine until the miners die or the return is nothing".

Anyway, so as a group, we decided to start actively dedicating some returns toward the purchase of new mining equipment to ensure each seat has an ever increasing amount of mining capacity per seat.  Along with that, Nasty initiated efforts at fund raising through selling NastyFans branded apparel and coins (which are awesome by the way).  Not only that, he's been transparent in all communications, being incredibly responsible whenever I had a single doubt, and has gone as far as doing work to actively help the crypto community with decentralized mining pools.  All of this too has come with a lot of headache for him, staying on top of managing mining hardware especially with the unknowns of when new hardware will be available, whether or not it goes down or has any issue, and then even having to make modifications to your house to accommodate the additional power needs - hell he's certainly done a lot.   

So every so often we see shit posts here basically blasting this as a ponzi scheme because holding onto bitcoin was a sounder investment than investing with Nasty.   Here's a shocker for you - nearly any traditional investment vehicle has not been able to keep up with bitcoin.   That's not a slam against OgNasty or anyone here, mining has a ton of variables - I should know, I used to mine both on GPU and on Gen 1 ASICs (and I have mined a 50 btc block and a 25 block back in the day).   Mining is a tough job, and that's one of the reasons I've invested (and remained invested here, I know that what this group does is good for the crypto community.   As the mining arms race has continued, it's difficult for average people to secure large investments into mining equipment which may or may not come at a point that's profitable, and again - this is before you even factor in luck.   Because of this, I strongly believe as a community it's important to support decentralized mining in whatever way you are able to do so, and for me - NastyFans is my way of choice.   I don't have to deal with the power and infrastructure issues, I'm supporting decentralized mining, and above all NastyFans has been, and will always be a transparent and cornerstone group of people that I can rely on. The title of this channel notes it was founded in 2012...not many around that can attest to that type of tenure, and for good reason.  If OgNasty had a desire to mismanage or walk away, he could have many times over, but he hasn't.   

Here's my final point, and I feel bad if this hits a little too close to home OgNasty... The point made earlier about how investments here haven't yielded exponential returns, looking back - OgNasty had he held onto bitcoin has probably lost more potential fiat than anyone on this channel combined.   Hindsight is always 20/20, but the work that he's put into this, and the value it has added to the community are why pizzas going for thousands of bitcoins while crazy at the time, are crucial to the history and validation of bitcoin as a viable solution.  Without them, bitcoin is just a pipe dream.


Alright - I'm going back to my cave, wake me up in 2024 or when bitcoin reaches 1 million USD! 

Pretty sure if Bitcoin crashed hard this year we'd see a (much more accurate) chart showing how much each seat has grown in BTCvalue and no mention of USD.

Can someone post this graph now?