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Showing 20 of 56 results by GimmeDemBitz
I don't think you understand.
You have made it clear many times that you have access to very little money if any. Let us say that the very first person who plays at your casino wins a 50BTC jackpot. How are you going to pay them? Where will the funds come from?
Well seeing how the system would be set up very much how the marketplace idea I had was, paying folks won't be a problem.You have made it clear many times that you have access to very little money if any. Let us say that the very first person who plays at your casino wins a 50BTC jackpot. How are you going to pay them? Where will the funds come from?
This man does not understand how capital, cash flow and reserves work. PUT HIM IN CHARGE OF A CASINO.
I for one love to play at casinos where winning a hand of blackjack gets me a post-it with IOU $15 scribbled on it.
Re: [Ad] BITPONZI.NET -- Get a few bitcoins to start with!
Why would anyone expect people to fall for this?
You've got it all wrong, you see
If you take the .815 btc I have a server and a team of programmers on standby(one is from here, the others are from SL). We could make your project of opening an online bitcoin casino very possible.
A bevy of SL programmers, ready to build the first Bitcoin casino with dick-wielding cat-people player avatars
A most advanced casino
OH GOD DAMN IT I THOUGHT HE MEAN ST. LOUIS
:VOMIT EMOTICON:
Re: Selling MY Full Signature Space For Only .3 BTC a Month!
It's an interesting thought but you've less than 100 posts in a month and not necisarily places i'd want any of my buisness ventures seen, if you were more active across the entire forum i'd certainly consider it though.
*begs for people to go to his camwhore site in every thread vaguely mentioning women, cameras or boobs*
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The office buildings we are in have pooled utility expense, so our increase in cost is barely perceptible.
Welp, there's the sleaziness every bitcoin operation has to have. Most miners have 50-75% of their revenue eaten up by their power bills, but you've managed to negate this problem by spreading the cost to others without their consent. I'm sure the other businesses in your building(s) would love to know you're running a dozen computers at full power drain 24 hours a day.
Have you projected how long it will take you to get solvent? (remember, revenue =/= profit, common bitcoin mistake) How will you handle the price of bitcoins going down, and the difficulty going up?
Re: Silver Holdings Investment Fund (GLBSE:SLV) DIVIDEND ANNOUNCEMENT
So you've reduced your capital holdings in order to pay investors, and still haven't turned a profit?
I purchased the fund on 9/24/11 at what I felt was an attractive price. No, I haven't turned a profit. My shareholders and I will need a rise in the price of silver for that to happen.
Oh boy. Silver is down 13% today, and 24% for the month. UP UP UP!
Re: Silver Holdings Investment Fund (GLBSE:SLV) DIVIDEND ANNOUNCEMENT
So you've sold all your actual silver in order to buy shares of a silver ETF on the NYSE and the cash difference is going to a 'dividend' to pay investors?
So you've reduced your capital holdings in order to pay investors, and still haven't turned a profit?
So you've reduced your capital holdings in order to pay investors, and still haven't turned a profit?
Re: Silver Holdings Investment Fund (GLBSE:SLV) DIVIDEND ANNOUNCEMENT
http://i.imgur.com/seLC4.png
Please explain... this.
How exactly did you liquidate estimated value in order to create a dividend, which you then have listed in your cash on hand AND cost rows. Did you know Enron did something similar?
How do you even have an estimated value of almost $11,000 when your total holdings are $321.50 on 9/23? Is there an unrealized gain you're not accounting for? Or is it 321 ounces of silver?
I'm guessing you sold your silver holdings, but there's no increase in cash on hand. Unless selling the 321 oz of silver gained $7781. But then there's no accounting for that $3000, unless silver lost ~30% of its value overnight.
You know that 4% is considered a high yielding stock dividend? What are you basing 12,000% on? One day of market activity?
Do you actually know how accounting works?
Please explain... this.
How exactly did you liquidate estimated value in order to create a dividend, which you then have listed in your cash on hand AND cost rows. Did you know Enron did something similar?
How do you even have an estimated value of almost $11,000 when your total holdings are $321.50 on 9/23? Is there an unrealized gain you're not accounting for? Or is it 321 ounces of silver?
I'm guessing you sold your silver holdings, but there's no increase in cash on hand. Unless selling the 321 oz of silver gained $7781. But then there's no accounting for that $3000, unless silver lost ~30% of its value overnight.
You know that 4% is considered a high yielding stock dividend? What are you basing 12,000% on? One day of market activity?
Do you actually know how accounting works?
Re: [Ad] BITPONZI.NET -- Get a few bitcoins to start with!
why don't we look at the scheme in your sig?
Hmmm, one guy wins, 9 lose.
So you get paid, the winner gets paid, and 9 others lose money. 90% of the players lose in this scenario, and yet you think it's a good thing, because the guy who started it gets the rake. So not everyone has a risk-free source of income here.
Ponzi schemes ARE fraudulent, hence why they are illegal. What is so difficult about this concept? No, no, you see MY ponzi scheme is different, I promise.
No one with a functioning brain stem would willingly buy into a ponzi scheme or a pyramid scheme. But then again, this is bitcoin.
Hmmm, one guy wins, 9 lose.
So you get paid, the winner gets paid, and 9 others lose money. 90% of the players lose in this scenario, and yet you think it's a good thing, because the guy who started it gets the rake. So not everyone has a risk-free source of income here.
Ponzi schemes ARE fraudulent, hence why they are illegal. What is so difficult about this concept? No, no, you see MY ponzi scheme is different, I promise.
No one with a functioning brain stem would willingly buy into a ponzi scheme or a pyramid scheme. But then again, this is bitcoin.
Re: [Ad] BITPONZI.NET -- Get a few bitcoins to start with!
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Ponzi schemes are a scam, we all know that.
Ok, makes sense so far.
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honest Ponzi scheme
Welp, found a problem.
Please explain how a Ponzi scheme that calls itself a Ponzi scheme is more of a scam than any other gambling business.
It's a pyramid scheme that calls itself a ponzi scheme, actually.
It may or may not be more "honest" and less of a scam than other Ponzi schemes, but I do have to disagree with
It's actually a great way to lose your bitcoins.
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BitPonzi is a great way to start your bitcoin experience with a decent-sized wallet.
It's actually a great way to lose your bitcoins.
No, I emphasize: If you stick to only creating rounds and not depositing in others, you WILL INCUR NO RISK. Of course, after a while you can choose to gamble with your earnings.
taking advantage of others to make money, a true bitcoin business.
Would you rather I called it a pyramid scheme? OK fine, I will. Whatever. Doesn't any casino take advantage of others to make money!? Do you simply have a problem with gambling in general or something?
You really don't think it's bad for 'the community' that the majority of bitcoin businesses are people enriching themselves by taking advantage of others? It's the object of the 'game,' to take the jackpot from the other players. Take from many to enrich the few. Do you know why most communities DON'T want casinos built nearby?
And jesus, the name. Hey, sign up for BITCOIN PONZI SCHEME! WE TELL YOU ITS A PONZI SCHEME, SO YOU KNOW THAT ITS LEGIT! Do you realize why "Ponzi Scheme" has a negative connotation?
Re: [Ad] BITPONZI.NET -- Get a few bitcoins to start with!
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Ponzi schemes are a scam, we all know that.
Ok, makes sense so far.
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honest Ponzi scheme
Welp, found a problem.
Not really. I mean, how bad could they be? The owner of this forum, Theymos, advertises them in his sig. Must be approved by the Bitcoin horde.
Wait, wasn't bruce wagner a big proponent of mybitcoin? and then mybitcoin mysteriously disappeared with everyone's money? kind of like a ponzi scheme?
Re: [Ad] BITPONZI.NET -- Get a few bitcoins to start with!
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Ponzi schemes are a scam, we all know that.
Ok, makes sense so far.
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honest Ponzi scheme
Welp, found a problem.
Please explain how a Ponzi scheme that calls itself a Ponzi scheme is more of a scam than any other gambling business.
It's a pyramid scheme that calls itself a ponzi scheme, actually.
It may or may not be more "honest" and less of a scam than other Ponzi schemes, but I do have to disagree with
It's actually a great way to lose your bitcoins.
Quote
BitPonzi is a great way to start your bitcoin experience with a decent-sized wallet.
It's actually a great way to lose your bitcoins.
No, I emphasize: If you stick to only creating rounds and not depositing in others, you WILL INCUR NO RISK. Of course, after a while you can choose to gamble with your earnings.
taking advantage of others to make money, a true bitcoin business.
Are you joking? The only thing that carries higher risk than Bitcoins is buying Italian government bonds.
That's not fair. Bitcoin is probably as risky as Greek government bonds, or maybe a Zimbabwean FOREX.
Granted, I haven't been watching prices long, but it SEEMS that Bitcoins aren't any riskier than normal stock. Maybe they'll go back up to $20 each, maybe they'll drop down to $0.01 per BTC, but regular stock carries the same sort of risk.
Be nice if it was more stable, true, but I don't think it's much riskier than any other sort of investment. Just keep your computer safe from being hacked.
Be nice if it was more stable, true, but I don't think it's much riskier than any other sort of investment. Just keep your computer safe from being hacked.
Normal stocks don't fluctuate between $20 and one cent (bitcoin does). Everything in this post is wrong.
Aren't stocks less volatile? I mean, last week Bitcoin price dropped 20% in one day.
With the possible exception of penny stocks, which are the stock market equivalent of roulette, Stocks generally tend to be stable. Why? Because they have things like the SEC, which makes sure that companies are reporting their earnings properly, aren't running off with shareholder's money *ahem*mybitcoin*ahem* or things of that nature.
Bitcoin dropped 20% in one day because pictures of Bill Cosby showed up on this forum, while 'normally' the price fluctuates by %30 every day. Magic: The Gathering Online Exchange was hacked and bitcoin crashed to one cent, all they did was call a do-over and reset everything the next day.