Could Sergey selling invested bitcoins be responsible for the latest decline?
I think not directly. For example, one of my friend sell about 50 btc, and put then pyramid
Topic: Sergei Mavrodi, the founder of MMM, speculates on BTC... (Read 2971 times)
For example, one of my friend sell about 50 btc, and put then pyramid
How do Bitcoin enter the picture. In what way do he use them?
Could Sergey selling invested bitcoins be responsible for the latest decline?
In his oppinion, the "true" pyramid can be short-circuited on itself when all people will join it. And internal pyramid currency will displace all of federal currencies in the world.
hes at the top of his pyramid
In his oppinion, the "true" pyramid can be short-circuited on itself when all people will join it. And internal pyramid currency will displace all of federal currencies in the world.
Mavrodi and Milken, two ex cons, probably understand money better than most economists. Considering they are small fish that got caught stealing millions (compared to the crooks at JP Morgan, Goldman Sachs, and other big banks that steal trillions), they may have insight into how Bitcoin can develop.
He is legendary person in russia, primary hated. But since he opened new pyramid, people started to love him )
In 1994 he just not crashed Russia economy, and then in 98, his followers in russia politic elite put Russia economic to default using pyramidal scheme in federal bonds.
Mavrodi is more than Ponzi
In 1994 he just not crashed Russia economy, and then in 98, his followers in russia politic elite put Russia economic to default using pyramidal scheme in federal bonds.
Mavrodi is more than Ponzi
Sergei Mavrodi, the founder of MMM, didn't pimp bitcoin, he ponzied it.
As these blog posts seem to suggest (in Russian), Mavrodi wants to become a market maker for BTC <--> FIAT trading. But unlike Mt.Gox, Mavrodi would not use bid-offer spreads -- he would just specify an initial price for each share of MMM-2011 (i.e. his version of BTC), and then keep increasing that price at a steady rate (high enough to provide attractive returns to current investors).
This site is outdated (last post year ago). new site is sergey-mavrodi.com http://i-mmm.com/en/index.php?drgn=1 (english)As these blog posts seem to suggest (in Russian), Mavrodi wants to become a market maker for BTC <--> FIAT trading. But unlike Mt.Gox, Mavrodi would not use bid-offer spreads -- he would just specify an initial price for each share of MMM-2011 (i.e. his version of BTC), and then keep increasing that price at a steady rate (high enough to provide attractive returns to current investors).
I didn't heared anyone in this pyramid accepts bitcoins. Possible due to volatility.
Sergei Mavrodi, the founder of MMM, didn't pimp bitcoin, he ponzied it.
As these blog posts seem to suggest (in Russian), Mavrodi wants to become a market maker for BTC <--> FIAT trading. But unlike Mt.Gox, Mavrodi would not use bid-offer spreads -- he would just specify an initial price for each share of MMM-2011 (i.e. his version of BTC), and then keep increasing that price at a steady rate (high enough to provide attractive returns to current investors).
This site is outdated (last post year ago). new site is sergey-mavrodi.com http://i-mmm.com/en/index.php?drgn=1 (english)As these blog posts seem to suggest (in Russian), Mavrodi wants to become a market maker for BTC <--> FIAT trading. But unlike Mt.Gox, Mavrodi would not use bid-offer spreads -- he would just specify an initial price for each share of MMM-2011 (i.e. his version of BTC), and then keep increasing that price at a steady rate (high enough to provide attractive returns to current investors).
I didn't heared anyone in this pyramid accepts bitcoins. Possible due to volatility.
He just makes the price up? Isn't that how mtgox does it?
Sergei Mavrodi, the founder of MMM, didn't pimp bitcoin, he ponzied it.
As these blog posts seem to suggest (in Russian), Mavrodi wants to become a market maker for BTC <--> FIAT trading. But unlike Mt.Gox, Mavrodi would not use bid-offer spreads -- he would just specify an initial price for each share of MMM-2011 (i.e. his version of BTC), and then keep increasing that price at a steady rate (high enough to provide attractive returns to current investors).
As these blog posts seem to suggest (in Russian), Mavrodi wants to become a market maker for BTC <--> FIAT trading. But unlike Mt.Gox, Mavrodi would not use bid-offer spreads -- he would just specify an initial price for each share of MMM-2011 (i.e. his version of BTC), and then keep increasing that price at a steady rate (high enough to provide attractive returns to current investors).
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