Post
Topic
Board Games and rounds
Re: MakeBTC.org Pyramid Scheme - VERIFIED SCAM
by
jmalec
on 02/02/2014, 18:57:30 UTC
I assure you, I am not Mr. MakeBTC. If you check the records, you will see am an investor along with you, not even hiding behind an alternate name as I could. Different motivations and different strategy, as do we all.

I have been following this thread for about 2 weeks, but truth be told, today was the first time I had something to say, so I'll readily admit to signing up to say my peace. No sinister motive there, challenge all you want. I know what I am saying and why I am saying it. Disbelieve as you wish, I cannot control that, only be true to myself. I trust you are doing the same. I am new to the Bitcoin world, maybe 45 days in. So I am still learning as well as assimilating this world to that I already know. I come in very much the cynic with a cynical nature to begin with.

I see you follow much of my logic. Agreed, nowhere in the rules did it state not to pull out all at once. Yet I stand by my analysis that doing so with so large an amount was a significant risk. Reading your reply, it sounds like you agree it was as well. With the benefit of your reply I've extended my analysis to include the idea you were testing and probing to see what would happen. From your relative position of strength, I can see that, even the large amounts. At the same time, I might have done so with smaller amounts first. That's my risk management speaking. You can see my tests in the logs along side yours. I have not tried a sale yet as I wish to hit a specific threshold before I do. Based on your experience, that caution appears all the more appropriate.

I have an IT background and see all of this is automated. That combination alone causes me to react with an abundance caution. I've seen enough code slip streamed in my career to beware of the law of unintended consequences. And it appears that has tripped up MakeBTC, opnoskatt and you, in no special order, in Banks 15 and 16.

I hope that you get the 4BTC that is outstanding. That is very significant and I am very much interested in how MakeBTC responds to that as well as makes it right. That point is important to the future of the project as well as my faith in it. Of course, I have nothing invested in it I can't afford to lose. As I stated I am playing with the house's money at this point, so all I can lose are paper profits. I believe both opnoskatt and you are in similar positions, albeit with more paper profits on the line.

Collectively, we'll know more if and when the 16th bank is hit. I want to see us all whole. You have much more to gain than I.