Post
Topic
Board Lending
Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"
by
dust
on 29/07/2012, 02:08:03 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.  
XMh/s perpetual mining bonds decrease in value as the network hashrate increases and new mining tech becomes available.  1-2% a week is reasonable when it is backed by real hardware and the principal is gradually decreasing in value.

Pretty sure Micon is a puppet for that guy who has the huge bet on Pirate defaulting.

Sounds about right.
Funny how the people with enough common sense to call out 7% weekly returns are labelled puppets...