Topic: T - page 5. (Read 41045 times)

SOMEBODY STOP ME!

I hold ~1.3k BTC in Goat's various projects (Nef has verified this). The images are very high-res. His nationality is marked as "American" (in English), but holds a work permit for Thailand. His employer is probably in Thailand (give me a few minutes to convert the image to text, then to English -- I already did this with some of the info prior to giving the green light to Nefario). I will not be releasing the address unless Goat defaults or disappears for an extended period of time (instead, I'll give an "It's in Thailand" or "It's not in Thailand" answer). I only still have these files because I forgot to delete the non-encrypted email and retrieved it. After this, I'm deleting everything but the container which only Nefario will have the password for. However, I'll convert all the images to text, translate to English, include them in the encrypted container which Nefario has the password for, then delete everything of Goat's outside that encrypted container.

Cheers,

Ben

What Kluge sent me...part of

I believe Goat has admitted as much.
He didnt use the word fake though, I dont remember what he used, "theoretical", I believe? The dividends he pays for his mining company are not based on actual costs and revenue, as he said, he just uses an online mining calculator to calculate what it should earn in theory and bases his payout on that. So yeah, those numbers are indeed pretty fake.

Ill leave it to you to decide whether thats because:

A) His farm isnt making as much as what it should in theory, and he is paying shareholders out of his pocket to compensate them for downtime and so give them dividends they dont deserve, calculated on non existing profits (and costs?). I believe thats the official claim
B) he is using his mining rigs on his own Project 2 hopping proxy and GPUmax and is getting much more than what the mining calculator estimates and he just pockets the difference.
C) Ponzi.
D) something else

edit: link to goats statement:
https://bitcointalksearch.org/topic/t-52081

That's a silly accusation. Most of the banks do that. What's the interest rate that savings pays now in US? 1%? LOL they invest into some muni bonds at 8% and pocket the 7% difference.


Kluge has his ID,  and looks like it checked out... So it's a mute point.

That's still not a reasonable reason for Nefario to allow it... sorry...


I can understand your lack of a statement on the matter.
I'm still finding very funny the fact that Goat never cared that GLBSE wasn't a registered company when he used it to collect funding but when you asked him for ID verification it suddenly started to be a huge problem
EDIT: I hope you are ready for that argument to be brought to light every time you do the same thing...

I'd be more inclined to say that goat has forced me to change how I do things, especially what I say on the forums.

I will be making a statement on this later.

That's what the shareholders wanted, we wanted the situation to be solved quickly and that was the easiest way maybe not the best but it was at least solved. It has already been stated that Nefario can not be hold responsable for anything that happens after this, he has given the shareholders his warning we chose not to listen to him.
//DeaDTerra

Never understood why you allowed that to happen...
Also don't understand why Goat said you wanted to freeze his BTC and USD even outside GLBSE. Been waiting for you to say this is a lie, but given that you didn't I'm inclined to believe in Goat.

I haven't seen Goat's ID documents but Kluge has, and has told me that they all seem legit.

I think "liar" should be replaced with "withholder of truth"

OK, I guess I'm defending Goat now...

I don't believe Goat is running a ponzi scheme.  He is running pass-thru operations to his First Pirate Savings & Trust account.  While that doesn't make him a scammer, it does make him a liar.  He's getting a higher % off his investor's BTC than he is paying out and since his operations are make believe, that can make tracking dividends and such difficult (what a tangled web we weave when we aspire to deceive).  I also don't believe he is in Thailand.  His avatar looks like a poorly photoshopped job (see black shirt on black background) and he appears to be selling honey using a 3rd party in Thailand to make it appear that he is located somewhere that he is not.  A simple 10 second video of him and his wife with some honey in Thailand would show me that I am wrong, but he doesn't want to do this for some reason.  That is why I worry about the potential of him disappearing.  He also has expressed fear in regards to Shakaru's situation of having a bounty hunter sent after him and refuses to provide the GLBSE with his identity documents.  Ask yourself this, would someone who is running an operation the size of Goat's claim, with multiple listings on the GLBSE and even larger outside projects, spend their time visiting bee farms in Thailand to sell honey for next to nothing to raise funds to be a donator?  It just doesn't add up.  Is Goat running a ponzi scheme?  I don't think so.  Is Goat a liar who cannot be trusted?  Yes.  That doesn't mean he will scam everyone, it just means he's a liar.  If you are comfortable doing business with a liar, buy his shares and enjoy the ride.  If not, don't.  I think it is that simple.

I am talking about TyGrr atm. He releases more IPOs because he has new projects and companies, not because he wants to power his ponzi.
//DeaDTerra

There are a couple of flaws in your idea.
1. Why would Goat not issue all the shares? why do he still hold shares if he could just sell them and scam some more people?
2. As Goat is not selling any more shares and is not getting any new capital and he's paying dividend. Why has he not ran away yet? The best scam would be to sell the IPO and run, he would make a lot more money by running from the beginning then to payout dividends and losing his "scam money" by paying the share holders. A poinzi scam has to have more money entering the system since the IPO is already complete there is no more money entering the system
3. Goat has proved that he owns the hardware that he says he does, he has also showed his ID several times. These are not thing a scammer would provide or be able to provide.

//DeaDTerra

Are you HorseRider's alt or something?

You saw all the math above about mining, right?  I guess you believe its all fake numbers and goat is somehow using his own funds from selling his own shares or...?  How many baseless accusations are going to be thrown around here?

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.
 
The system is destined to collapse because the earnings, if any, are less than the payments to investors. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases.

Scams pay dividends? I never knew! I must invest in a few.

What are these accusations people keep trowing at Goat at least provide some pathetic proof for your statement so that I have something I can argue against!
//DeaDTerra

I verified and agree with these numbers.

Me too, I checked the first couple, but then I went all lazy human...  Anyway, I was in the process of double-checking, here's my alternate work involving less math (and if you want to wait for a third party, that's fine, but this will be easier for you to verify yourself):

Amounts to be paid out:
       10.4+9.1=19.5

Numbers on TyGrr page (payout per share) * 1500 shares:
.00330493*1500=4.957395
  .002892*1500=4.338
.00324666*1500=4.86999

Numbers above combined:
              19.5
              -4.957395
              -4.338
              -4.86999
              =5.334615