Post
Topic
Board Lending
Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"
by
PatrickHarnett
on 28/07/2012, 21:21:27 UTC
Pretty much any mining bond/stock on GLBSE pays out 1.25-2.5% per week. Are all of them scams as well?

mining is an actual business unit that makes money.

however, mining bonds or stocks that pay 2% weekly interest are also unsustainable, and likely scams.  Link me to any and I'll give you my thoughts.   

In the WPW thread there is a link to the excellent post from Stochasic listing the performance of various GLBSE assets.
https://bitcointalk.org/index.php?topic=74711.0

#8 FGPAMINING is currently at 3.94%, but for a decent (large) mining business, Giga is still turning out 1.74% and YABMC is at 2.4% (and you'll notice that's me again).

And, to save you the bother, several of these instruments are BS&T pass-throughs.  Again, I am involved here via the PPT.x series of bonds.

What you might notice, is that some people run a diversified portfolio of investments, and maintain returns such as myself.  You should also notice, people do their research before shouting from the roof tops that everything is evil.  I feel like you are some sort of christian missionary trying to save the natives.