Recovery program beginning in January for PB Mining customers. - page 41.

kotwica666

legendary

Activity: 2282

Merit: 1035

Quote from: lightfoot on December 26, 2014, 11:29:18 PM

Quote from: kotwica666 on December 26, 2014, 09:43:37 PM

Quote from: lightfoot on December 26, 2014, 05:55:43 PM

Actually the early investors simply participated (unknowingly of course) in fraud. You can say "well we thought the deal was legitimate" but if it was a ponzi, then the statement "the early investors participated in fraud" is accurate.

Sorry for this example, but i don't know how to comment your post..

"...if that was a rape, then the statement "this lady participated in rape" is accurate." Roll Eyes

Damn, I think I was a bit less than clear. The word I used at the beginning of the post was "unknowingly". As an ex-Catholic I still run under the rule that a sin is a wrong deed committed with full knowledge that one was committing a wrong deed.

The person who runs the ponzi is 100% culpable, no question. And yes, one of the hallmarks of a ponzi is to encourage investors to re-invest their "profits" in buying "more shares" or "hashing power" or whatnot. That keeps the initial investment in the ponzi system as opposed to leaking out.

Sorry if I was a bit unclear.

Maybe this example was not to good, because i was expecting that you gonna explain that.. But here was late and that was first what comes to my head ..

This is how work Ponzi in Bitcoin world. Trendon Shavers showed the way.

btcgnome

member

Activity: 66

Merit: 10

Quote from: MichaelNZ on December 27, 2014, 03:29:11 AM

Quote from: ?? on ??

anyway enough of that Grin

we should be united against boyko not fighting with other victims

Agreed ... We have one thing in common BOYKO !!

MAB = Miners Against Boyko

MichaelNZ

full member

Activity: 206

Merit: 100

Quote from: ?? on ??

anyway enough of that Grin

we should be united against boyko not fighting with other victims

Agreed ... We have one thing in common BOYKO !!

navigatrix

member

Activity: 71

Merit: 10

Quote from: Brazzy750 on December 19, 2014, 10:51:13 AM

Quote from: galdur on December 19, 2014, 07:48:00 AM

Boyko sounds Ukrainian so he´s hopefully in arrears

to some very unpleasant people over there.

You're absolutely right.
If it is from Ukraine, then it is like a thief and a crook, Ukraine is a country of beggars and thieves!

Yeah, but much of the Canadian Prairies was settled by Eastern Europeans. Boyko is a common name in Alberta, Saskatchewan or Manitoba. I grew up in northern Alberta and 70% of the area was Polish, Ukrainian, Czech or Swedish.

so it doesn't mean he's in cahoots with someone in the Ukraine.

But I'm still glad I only got in for 200 GH. My 9 cent a week payout is soooooooo inspiring now.

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Quote from: kotwica666 on December 26, 2014, 09:43:37 PM

Quote from: lightfoot on December 26, 2014, 05:55:43 PM

Actually the early investors simply participated (unknowingly of course) in fraud. You can say "well we thought the deal was legitimate" but if it was a ponzi, then the statement "the early investors participated in fraud" is accurate.

Sorry for this example, but i don't know how to comment your post..

"...if that was a rape, then the statement "this lady participated in rape" is accurate." Roll Eyes

Damn, I think I was a bit less than clear. The word I used at the beginning of the post was "unknowingly". As an ex-Catholic I still run under the rule that a sin is a wrong deed committed with full knowledge that one was committing a wrong deed.

The person who runs the ponzi is 100% culpable, no question. And yes, one of the hallmarks of a ponzi is to encourage investors to re-invest their "profits" in buying "more shares" or "hashing power" or whatnot. That keeps the initial investment in the ponzi system as opposed to leaking out.

Sorry if I was a bit unclear.

MrTeal

legendary

Activity: 1274

Merit: 1004

Quote from: investor respect on December 26, 2014, 09:50:00 PM

Quote from: kotwica666 on December 26, 2014, 09:43:37 PM

Quote from: lightfoot on December 26, 2014, 05:55:43 PM

Actually the early investors simply participated (unknowingly of course) in fraud. You can say "well we thought the deal was legitimate" but if it was a ponzi, then the statement "the early investors participated in fraud" is accurate.

Sorry for this example, but i don't know how to comment your post..

"...if that was a rape, then the statement "this lady participated in rape" is accurate." Roll Eyes

jason boyko is responsible. anything other than that makes no sense. we bought gh. he stole gh. we are missing some thing. lets re look at the things about jason that were posted.

Ponzis are strange beasts. Boyko is obviously 100% culpable. Someone who googled cloudmining and stumbled upon PBmining is an innocent victim. Maybe most are in that category. However in between there is a whole range of people from those who bought in and later started to suspect it was a ponzi, to those that bought in suspecting or knowing it was a ponzi but hoping they would get payed out before it collapsed, to those who full on fought tooth and nail here against those exposing the scam.

I don't think that even if Boyko goes to jail there will be any clawbacks or consequences for the pushers; but there are a decent number of people in the original threads with blood on their hands from this one. You don't get to try to continue a scam as long as possible to line you pockets and then expect everyone to call you lily white. I'm not going to dig up the post, but there's a guy in the original thread who flat out said something along the lines of "Maybe it is a ponzi, but if it is why are you trying to bring it down? Let's keep it going." IMO, he's no better than Boyko.

investor respect

member

Activity: 70

Merit: 10

Quote from: kotwica666 on December 26, 2014, 09:43:37 PM

Quote from: lightfoot on December 26, 2014, 05:55:43 PM

Actually the early investors simply participated (unknowingly of course) in fraud. You can say "well we thought the deal was legitimate" but if it was a ponzi, then the statement "the early investors participated in fraud" is accurate.

Sorry for this example, but i don't know how to comment your post..

"...if that was a rape, then the statement "this lady participated in rape" is accurate." Roll Eyes

jason boyko is responsible. anything other than that makes no sense. we bought gh. he stole gh. we are missing some thing. lets re look at the things about jason that were posted.

kotwica666

legendary

Activity: 2282

Merit: 1035

Quote from: lightfoot on December 26, 2014, 05:55:43 PM

Actually the early investors simply participated (unknowingly of course) in fraud. You can say "well we thought the deal was legitimate" but if it was a ponzi, then the statement "the early investors participated in fraud" is accurate.

Sorry for this example, but i don't know how to comment your post..

"...if that was a rape, then the statement "this lady participated in rape" is accurate." Roll Eyes

rooster2000bka

sr. member

Activity: 299

Merit: 250

Quote from: bitcoinmind on December 26, 2014, 06:30:50 AM

Quote from: rooster2000bka on December 26, 2014, 12:33:23 AM

Pbmining! You are the best image of my business
I invested 1477 GHS at price 0.0014 as: 2.0678 BTC
I received 0.00148061 BTC per week!
I would also like your business! But I think everything has its price!
You must refund me if you want peace!

I think your post solved this issue! Now just wait for reimbursement! Well done!

My salary is 120 usd per month! 2.0678 BTC is too much for me!
Many thank to pbmining! Undecided

janahoch

newbie

Activity: 31

Merit: 0

Just to be clear, exactly how many "investors" made any profit out of this and how much?

The sig promoters should be ashamed but looking at this forum is not the feeling I get.

It seems most members don't give a sh*t about others.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: lightfoot on December 26, 2014, 05:55:43 PM

Actually the early investors simply participated (unknowingly of course) in fraud.

Im fairly sure many if not most of them participated knowingly, just like the very same people (often with fresh accounts) are knowingly invested in and promoting all the other ponzi's.

Quote

You can say "well we thought the deal was legitimate" but if it was a ponzi, then the statement "the early investors participated in fraud" is accurate.

Oh I dont disagree, and I will go one step further: those posters/spammers who were paid for sig campaings and the like, and everyone that ever posted or emailed a referral link, are just as complicit (and in fact, legally liable)

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Quote from: Puppet on December 26, 2014, 05:44:22 PM

Early investors made a profit. Even if Bokyo did not spend a satoshi of his loot on skydiving and travel, even if he decided to give everything he still has back (fat chance!), even if he paid the expenses (referrals, give away's, signature campaigns, website etc) from his own pocket; where would that early investor profit have come from? Yep, from you, not-so-early investors.

Actually the early investors simply participated (unknowingly of course) in fraud. You can say "well we thought the deal was legitimate" but if it was a ponzi, then the statement "the early investors participated in fraud" is accurate.

Therefore the early investors who made a "profit" (ie: fraud since Ponzi schemes are fraud) should return it and everything is normal.

The advertising and signature campaigns, server support, mail, etc to perpetrate the fraud though are something I didn't think about. Drat.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: lightfoot on December 26, 2014, 05:24:54 PM

Question for the group: If PBMining was a ponzi scam, would it be expected for the people who made "profits" to return those profits so that others (ie: everyone) could get their original investments back?

I was wondering about this because the trick with a ponzi is that early "investors" do well while later investors lose everything. But unless the principal is siphoning money off, the total amount put into the pot should be the same as everyone's "investments", thus unwinding the transactions should make everyone mostly whole.

Hm.

Early investors made a profit. Even if Bokyo did not spend a satoshi of his loot on skydiving and travel, even if he decided to give everything he still has back (fat chance!), even if he paid the expenses (referrals, give away's, signature campaigns, website etc) from his own pocket; where would that early investor profit have come from? Yep, from you, not-so-early investors.

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Question for the group: If PBMining was a ponzi scam, would it be expected for the people who made "profits" to return those profits so that others (ie: everyone) could get their original investments back?

I was wondering about this because the trick with a ponzi is that early "investors" do well while later investors lose everything. But unless the principal is siphoning money off, the total amount put into the pot should be the same as everyone's "investments", thus unwinding the transactions should make everyone mostly whole.

Hm.

hgfernan

newbie

Activity: 28

Merit: 0

I want full refund of all my PBmining.com contract: Customer #: 36326

bitcoinmind

newbie

Activity: 42

Merit: 0

Quote from: alienesb on December 26, 2014, 02:36:01 PM

Quote from: burakaslanpay on December 26, 2014, 02:01:06 PM

Is there anybody who know about "Pbmining will compensate our loss, or not?" . Because I lost almost 100 USD. It will be 145 USD this week. and It's great amount for people who Live in Turkey...

Hmmm, the amount keeps going up? I think you mean you didn't "gain" $145 I guess. Kiss your money goodbye because they are paying like crap but within their contract guidelines.

Yes, he count profit that he should to gain because of contract that he buy! And that is correct counting!

snowcrawl

sr. member

Activity: 377

Merit: 250

PB mining was just one of many examples of why 2014 was a year full of bad bitcoin investments. I hope we have learned something and that we will be smarter about bitcoin in 2015.

alienesb

hero member

Activity: 868

Merit: 1000

Quote from: burakaslanpay on December 26, 2014, 02:01:06 PM

Is there anybody who know about "Pbmining will compensate our loss, or not?" . Because I lost almost 100 USD. It will be 145 USD this week. and It's great amount for people who Live in Turkey...

Hmmm, the amount keeps going up? I think you mean you didn't "gain" $145 I guess. Kiss your money goodbye because they are paying like crap but within their contract guidelines.

burakaslanpay

newbie

Activity: 30

Merit: 0

Is there anybody who know about "Pbmining will compensate our loss, or not?" . Because I lost almost 100 USD. It will be 145 USD this week. and It's great amount for people who Live in Turkey...

bitcoinmind

newbie

Activity: 42

Merit: 0

Quote from: rooster2000bka on December 26, 2014, 12:33:23 AM

Pbmining! You are the best image of my business
I invested 1477 GHS at price 0.0014 as: 2.0678 BTC
I received 0.00148061 BTC per week!
I would also like your business! But I think everything has its price!
You must refund me if you want peace!

I think your post solved this issue! Now just wait for reimbursement! Well done!

Topic: Recovery program beginning in January for PB Mining customers. - page 41. (Read 143904 times)