PB Mining -- 5 year mining contracts! - page 76.

david123

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Quote from: Anyayakubu on November 26, 2014, 07:24:10 AM

I would however like to make it useful for something else too, and take the opportunity to figure out multisig transactions so we can set this up in a way that we are not 100% reliant on escrow. 3 keys, one to each of us, third key held by escrow. Im not sure how to do that in practice.

Multisig is a great concept, but watch out. I once had a trade with multisig and used http://coinb.in/multisig/.
It was a huge PITA to release the amount from escrow, and it only worked out by manually botching up
the transactions. Do not use this script.

If you find a better one or want to do it by hand, don't just test it dry. Test it with a small amount but real transactions that you really sign.
Make an offline-copy of the script.

coinmaster222

hero member

Activity: 756

Merit: 500

Also I would bet nearly 75% of cloudmining companies dont have all the hash they are selling and just paying out the money.How long can that go on.?

Anyayakubu

member

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Merit: 10

Quote from: Puppet on November 26, 2014, 02:39:09 AM

Quote from: Anyayakubu on November 25, 2014, 06:42:38 PM

I want simple double or nothing bet, straight out , not confused with payouts, maybe we should do .5 so that way would be winner take the bitcoin. That sounds like fun don't it? Yes I'm serious about this, So puppet what do you say , can we do this? Anya

I accept your bet.
Given the small amount, I would however like to make it useful for something else too, and take the opportunity to figure out multisig transactions so we can set this up in a way that we are not 100% reliant on escrow. 3 keys, one to each of us, third key held by escrow. Im not sure how to do that in practice.

I'm not sure how to do this either Puppet but glad you accepted the bet. Lets see what we can find that would help facilitate something like this. Anya. I might also consider a certain SR member out here that you and I both know to hold the third key if they would accept to do it. Anya

coinmaster222

hero member

Activity: 756

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Not saying PB Mining is a ponzi though I do lean in that direction,but I find most things puppet says is true and as for it not being his btc,it might not be but btc is never going to be accepted mainstream if it keeps getting linked with ponzi schemes and scams.More people here should out the possible scammers and ponzi schemes at least let the forum discuss them and share experiences.

bigadam0101

newbie

Activity: 56

Merit: 0

Quote from: pbleak on November 26, 2014, 07:05:45 AM

Can anyone link me again to that thread where someone rates the different mining sites out of 7?

Here you have something : http://www.cloudminingreviews.com/

Puppet

legendary

Activity: 980

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Quote from: pbleak on November 26, 2014, 07:05:45 AM

Can anyone link me again to that thread where someone rates the different mining sites out of 7?

https://bitcointalksearch.org/topic/cloudmining-101-860400

pbleak

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Activity: 924

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Can anyone link me again to that thread where someone rates the different mining sites out of 7?

galdur

hero member

Activity: 616

Merit: 500

Hey Puppet, that thing with the BCT ponzi warning that
you like so much, where in the third world does it trade
again? Africa ? Central America ?

Puppet

legendary

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Quote from: PilotofBTC on November 25, 2014, 11:36:26 PM

You can use the strongcoin wallet to create secure multi-sig escrow. Just pay each other via escrow the bet amount. Complete the escrow of the loser, cancel that of the winner.

Strongcoin looks interesting for purchases, but Im not sure they are willing to mediate bets. I also dont see how you can use to create a key to give to another independant third party.
https://bitescrow.org/ and a escrow agent is probably a better solution.

Puppet

legendary

Activity: 980

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Quote from: miner454 on November 26, 2014, 12:23:23 AM

Puppet, it's not your btc that's being gained or lost.

Nope, but it is the value of my BTC thats constantly being degraded by these scams that strongly associate bitcoin with scams and put pressure to increase regulation and enforcement. So yeah, you are messing with my wallet.

Besides that, Ive been in to bitcoin since quite a long time, and have yet to lose a satoshi to scams, so I did quite well for myself. I can afford to spend some time informing bitcoin newbies. Its a free world you said, so Im allowed am I not?

Puppet

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Quote from: Anyayakubu on November 25, 2014, 06:42:38 PM

Quote from: galdur on November 25, 2014, 06:38:34 PM

It was supposed to be 2X estimated payouts for the next year.

I want simple double or nothing bet, straight out , not confused with payouts, maybe we should do .5 so that way would be winner take the bitcoin. That sounds like fun don't it? Yes I'm serious about this, So puppet what do you say , can we do this? Anya

I accept your bet.
Given the small amount, I would however like to make it useful for something else too, and take the opportunity to figure out multisig transactions so we can set this up in a way that we are not 100% reliant on escrow. 3 keys, one to each of us, third key held by escrow. Im not sure how to do that in practice.

Quote from: Anyayakubu on November 25, 2014, 08:16:10 PM

Even though most of what Puppet says is in very good judgement, We need to understand that even if something like PB was a Ponzi, math tells me that it could operate successfully for many years.

The question to ask is not how long it could operate; indeed in theory its possible it operates forever, if difficulty climbs fast enough (note thats only possible if the average investor loses money due to that difficulty increase ). The question to ask yourself is at what point does the ponzi operator maximize his profits? Im taking these bets because I think we are getting relatively close to that point.

galdur

hero member

Activity: 616

Merit: 500

The thread is under "Securities".

Every piece of junk there, Puppet´s darling included, has a BCT disclaimer:

Quote

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

galdur

hero member

Activity: 616

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Quote from: miner454 on November 26, 2014, 12:23:23 AM

Quote from: Puppet on November 25, 2014, 12:35:55 PM

Quote from: n2004al on November 25, 2014, 12:14:09 PM

Who is the idiot here?

You, if you havent sold/withdrawn your profits.
And if you have, then you're a scammer because then its clear you also realize its a ponzi, but you got out in time.

Puppet, it's not your btc that's being gained or lost. Why can't you stay out of it? Why are you projecting so much hate. It's a free world, people invest in whatever the hell they want to.

Are you jealous you are not earning money? So, what is it? Why so much hate?

What say you?

He´s pushing that chinese co trading on the Havelock junkyard.

It´s based in Gling Glong, China. CEO is Mr. Ding Dong. There
are pictures and everything.

miner454

newbie

Activity: 50

Merit: 0

Quote from: Puppet on November 25, 2014, 12:35:55 PM

Quote from: n2004al on November 25, 2014, 12:14:09 PM

Who is the idiot here?

You, if you havent sold/withdrawn your profits.
And if you have, then you're a scammer because then its clear you also realize its a ponzi, but you got out in time.

Puppet, it's not your btc that's being gained or lost. Why can't you stay out of it? Why are you projecting so much hate. It's a free world, people invest in whatever the hell they want to.

Are you jealous you are not earning money? So, what is it? Why so much hate?

What say you?

galdur

hero member

Activity: 616

Merit: 500

Puppet seems to be quite the betting man

Quote

Quote from: RoadStress on November 25, 2014, 11:46:20 PM
Quote from: Puppet on November 25, 2014, 09:57:01 PM
Quote from: RoadStress on November 25, 2014, 09:54:23 PM
I want to bet on the next diff rise which is in ~7 days. I say it will be below 0.

ok, so the bet I proposed. You're on, 0.1 BTC, I say it will be above 0.

(And if its precisely zero, I suggest we both donate to a charity :p)

Time to turn on my 100PH machine!

Ok.
So i am lost on this are you all really going to wonder / bet on the difficulty for btc going up or down in 7 days? If this is the case i want in on some of that action i say will go down and not raise.

PilotofBTC

legendary

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Quote from: kotwica666 on November 25, 2014, 06:30:19 PM

Quote from: Anyayakubu on November 25, 2014, 06:10:25 PM

Quote from: Puppet on November 25, 2014, 01:41:38 PM

Quote from: Puppet on November 25, 2014, 12:51:52 PM

Quote from: galdur on November 25, 2014, 12:42:53 PM

Maybe do this ponzi discussion say once a month

for the next year

what do you say men ?

Instead of a discussion, how about a bet? Or letting me short this ? How about I double your ponzi profits if I turn out to be wrong, and I get to keep the principal if I was right? We use escrow. How much are you willing to bet on pb still honoring its contracts 12 months from now?

Not everyone at once. Surely the pb believers would like to earn 2x more no?

Well Puppet I don't know what the men say, but I'd like to take you up on this bet. The bet will be a double or nothing bet, .2 btc, for one year each of us giving this amount to a escrow to be help until November 25 2015 6Pm Eastern time. At that time or before if PB fails to exist or pay out, the escrow will pay the .4 btc to to the proper winner minus his fee should there be one. If we can find proper escrow to handle this I'm on. Anya

In this thread will not be a problem finding one legit escrow:
https://bitcointalksearch.org/topic/list-bitcointalks-escrow-providers-ranking-blacklist-avoid-scam-276897

Puppet will you accept the challenge? Roll Eyes

It seems that Anya is very serious .. Cheesy

You can use the strongcoin wallet to create secure multi-sig escrow. Just pay each other via escrow the bet amount. Complete the escrow of the loser, cancel that of the winner.

galdur

hero member

Activity: 616

Merit: 500

Well, they don´t even refuse to address those
allegations, they flat out ignore them. Clearly
with little or no ill effect for them.

galdur

hero member

Activity: 616

Merit: 500

Quote from: Anyayakubu on November 25, 2014, 08:16:10 PM

Quote from: galdur on November 25, 2014, 07:37:51 PM

I think it´d be disrespectful to offer Puppet less than
25-30BTC (payout 50-60BTC) for this bet so maybe
a pool ?

What you need to understand, is i really respect puppet, I agree with 95 % of what he has to say. However because being a student of math as those who have seen my post in the past. For me PB is an interesting math problem at all times evolving. Even though most of what Puppet says is in very good judgement,
We need to understand that even if something like PB was a Ponzi, math tells me that it could operate successfully for many years. We are now past the era of short term ponzi schemes, that was common all through the 70's and 80's . Now with this bitcoin mining, it is possible to have long term ponizi scheme that takes years to unravel. Therefore, I don't disagree with any of puppets common sense reasoning, Except his challenge that PB will end and be gone by this day next year. I don't think that wise to do this puppet, but I am a bitcoin girl, looking for a bit of double your bitcoin, double your fun. Consider to reconsider, or put up. I will respect your judgement on this. Anya

What if they´re legit and don´t give a hoot about
being called a scam by some nobodies on the
internet? Doesn´t seem to hurt business, probably
the contrary.

I mean, you see this tortured reasoning here:

they refuse to disprove scam allegations therefore
must be a scam.

Anyayakubu

member

Activity: 71

Merit: 10

Quote from: galdur on November 25, 2014, 07:37:51 PM

I think it´d be disrespectful to offer Puppet less than
25-30BTC (payout 50-60BTC) for this bet so maybe
a pool ?

What you need to understand, is i really respect puppet, I agree with 95 % of what he has to say. However because being a student of math as those who have seen my post in the past. For me PB is an interesting math problem at all times evolving. Even though most of what Puppet says is in very good judgement,
We need to understand that even if something like PB was a Ponzi, math tells me that it could operate successfully for many years. We are now past the era of short term ponzi schemes, that was common all through the 70's and 80's . Now with this bitcoin mining, it is possible to have long term ponizi scheme that takes years to unravel. Therefore, I don't disagree with any of puppets common sense reasoning, Except his challenge that PB will end and be gone by this day next year. I don't think that wise to do this puppet, but I am a bitcoin girl, looking for a bit of double your bitcoin, double your fun. Consider to reconsider, or put up. I will respect your judgement on this. Anya

galdur

hero member

Activity: 616

Merit: 500

I think it´d be disrespectful to offer Puppet less than
25-30BTC (payout 50-60BTC) for this bet so maybe
a pool ?

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