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Re: PB Mining -- 5 year mining contracts!
by
odlal
on 07/12/2014, 12:12:11 UTC
This was probably there because it makes harder to prosecute him from other countries than from Canada:

**As of June 21, 2014 we are no longer allowing orders to be purchased by residents of Canada. By continuing with this purchase, you are agreeing that you are not a Canadian citizen. We apologize for the inconvenience, and we will allow Canadians to purchase contracts again once we are get a clearer understanding of the regulatory requirements that need to be met.


Great poke!
When I read that when I was buying I asked myself why the hell canadians couldn't buy GH/s and if there was any strict legislation on Bitcoin (of which I didn't know).
Now it's clear: he thinks he can't be reached from outside of Canada!

Jason, I'm coming to visit you, be sure!

Actually there was this about Canada :

https://bitcointalk.org/index.php?topic=418183.msg7725379;topicseen#msg7725379

Hi PB mining admins Cheesy

I'm just kind of anxious. I saw you are established "in SK, Canada".

Can you garantee your customers that new bitcoin regulatory rules in Canada won't lead the website to shut down?

(I precise I'm not from Canada).


We have halted business with Canadians until Bill C-31 is more clear as they have only released a rough draft so far (not to mention it is quite vague).  More details will come this year, but from what it looks like it will be more geared towards BTC/CAD exchanges even on the private level (localbitcoins.com is an example).  We have placed the limit as to who may purchase from us just in case there is more that comes from it that would extend to what we are doing.  In the worst case scenario, we simply continue dealing with non-Canadian customers.  No matter what happens though, we are obliged to fulfill our side of the deal and pay our customers out for the entire 5 year term so even if we were to shut down for any other strange reason we would still have to pay you out.  Most of our mining operation isn't even in the country anymore, but I think the most important thing is to place a temporary restriction on Canadian orders until we know more details of what's going on. 

So it did seem quite Legit at the time !