Quote from: pipets on March 31, 2014, 08:08:33 PM

I have been watching this thread from day 0.

And now Ive got registered just to post following:

by now I have very little doubt that this FreeJack2k2 dude is in someways related to btc-arbs. In the early days I used to think of him as an honest person trying to weigh in all sides of the argument, but if you read just his posts from day 0, you'll see that whenever people express their doubt and confusion about btc-arbs, he would jump in right away to defend them 'viciously'.
Maybe he is not really affiliated to btc-arbs, but then he is probably someone who has some amount of btc there and want to encourage people to join this hyip, so that he can steal more from the others.

I know that there is not a single issue reported on btc-arbs so far. I guess this gives confidence to some, but if you're a sane person then you clearly know that this fact doesn't mean ANYTHING. The bottom line is, there is NOT a single solid fact that is clearly demonstrating that btc-arbs is not a hyip.

Saying all this, by no means I am clean myself. I have put 2.6btc 2 weeks ago and pulled it out today at 3.01btc.

I could be wrong, but it could serve someone as a warning to take his posts with a grain of salt. just my 2 cents.

Honestly I'm not...you can check out my history of posts on bitcointalk, I have been active elsewhere far before I came to this thread (mostly the Lightning ASIC Gridseed forums, as I mine with that hardware). I have had money invested with BTC-Arbs for a month now and have had no issues...I watch the markets all day at work (I'm kind of obsessive about it) and so I generally know what I should see out of the BTC-Arbs update. Trust me, I'm always looking for the "sign" that things are not on the up and up. So far I've withdrawn Bitcoin about 3-4 times, never an issue doing so, and I've deposited 4-5 times and it's always been credited correctly and within a reasonable timeframe. I keep a spreadsheet of my reported returns for each day and the percentage I'm paid always matches what was reported as the day's result.

I visit this thread every time it's updated to see if anyone else has a complaint that will cast doubt upon the site's legitimacy. I'm pretty heavily invested in it, far more than what I've seen posted in this thread...so yes, I want an early warning sign if things aren't legitimate.

I've also been active for a long, long time (with this username) on StockTwits, primarily in the Bitcoin threads...and had posted a few times there about my "experiment" with BTC-Arbs for the first week. You won't see any posts from me anywhere but that few times on StockTwits and in this thread, about BTC-Arbs. After it was successful, I started Google searching for more information about the site and found this thread. I'm unconvinced by the "evidence" presented that because they're using a commercially available website script that matches a former scam site, that they must also be one. I feel like that's the same as someone using the same Wordpress template as a scam site and being accused of being the same person as the scammer.

Anyway, I defend it not because I'm trying to convince anyone to put money into it, but because I believe in it and just want to offer the perspective of someone who has been invested for a month now and has had zero issues, whatsoever. I consistently encourage everyone to take it for what it's worth, only invest what you're comfortable losing and be responsible. If you're comfortable with risk, though, it can really put your Bitcoin to work for you.

And if there's some worry that I'm just "shilling" to try and get affiliates...trust me, the income from that is pennies. Of ten signups, only three actually invested anything and only one has invested more than 1BTC. I don't promote it for the affiliates, I promote it because it's yielded an excellent return for me over the last month and I want to encourage people with some appetite for risk to give it a try. I totally acknowledge that there's a chance it's an HYIP, but if it is...they are doing a phenomenal job of convincing me that they're actually conducting arbitrage trading. I don't feel that because HYIP sites have listed it, that is a smoking gun that "proves" it is one...just that it attracts people who want a high return on their investment.