Au Contraire.

Hard for batch 1 Titan customers to get a good set of cubes with you fucking shameless pigs that is KNC are mining with excellent running cubes by picking and choosing and us paying customers get the scrap leftovers. Total A1 Fact.

This is the real fucking truth.

So sick (like real sick, not "good" sick) how KNC has self-degraded. Read the words of Sam Cole himself:

https://www.cryptocoinsnews.com/kncminer-ditches-customers-favor-mining-bitcoin-litecoin-themselves/

and:

http://www.bloomberg.com/news/2014-10-21/bitcoin-miner-ditches-clients-to-chase-2-billion-coding-prize.html

Excerpt from a recent Sam Cole Interview:


I feel lied too. I feel abused. I feel RAPED.

https://www.cryptocoinsnews.com/kncminer-ditches-customers-favor-mining-bitcoin-litecoin-themselves/


I tried posting this TWICE on KNC Forums and both times my posts were IMMEDIATELY deleted, presumably by Kurt of KNC.

Titan cubes are problematic.

I think you should've verified the Titan in hand before you sold something you know nothing about....


...just saying.

Newton said that for every action, there is an equal and opposite reaction. Therefore to restate:

"We can't allow GREEDY WANNA BE MINERS to get into this marketplace that creates in equal proportion these COMPANIES WITH OVERPRICED PRE-ORDERS."

One can not exist without the other. The demand for mining equipment creates the supply of mining equipment. No Demand, no Supply, very simple actually.

This is the nature of cryptocoins, the nature of economics and the nature of the Universe.

Don't care about polls.

I want to bet. Put your mouth where your money is. Obviously I am betting the ponzi won't last for 120 days starting from today...

Willing to wager on this trust you have in bitcoin-trader.biz? Two to One odds:

I will deposit 0.5 BTC and you deposit 0.25 BTC. If bitcoin-trader.biz is still around in 120 days from now, you get it all. If not, I get it all.


Deal?

Them ponziers can't automate what they don't do. It's these small details that scammers add that bolsters up the apparent legitimacy of the scam itself --very commonly done in scams.

I have to admit thought that there is a certain elegance and beauty to scams (respect your adversary.)


Sadly there's no need. It's a truism. More big and naive dreams that scammers take advantage of. On and on and on it goes. There's a sucker born every millisecond.

You haven't earned anything. Nadda.

In essence: You met this stranger on the street. Kinda cool looking dude i.e. nice website. You hand over $2400 USD (4 BTC) in a bag i.e. bitcoin transaction. Just like that. Every so often, he comes to your house i.e. wallet address and drops tiny amounts of coins on your doorstep (no analogy needed.)

You go around shouting in your neighborhood i.e. bitcoin forum about how you are "earning money". If anyone is "earning money", it is that total stranger you just handed $2400 to, no? You even told this complete stranger not to worry but promise me dearly you will return the bag of $2400 in ONE HUNDRED AND TWENTY DAYS from now.

Maybe he will, maybe he won't. How can you enforce this performance? And those coins this total stranger drops at your doorstep every now and then, what if he decides to stop doing it? What can you do about it?

If all this seems right as rain to you, then, okay, I'll dress up nice and pretty (even use armani cologne) and ask you to meet me at a bus stop in your city, and you hand me $2400 in a paper bag. I'll then take the next bus that happens by. But before I do, I'll take out a few coins from that paper bag right then and there and hand it over to you so you can buy yourself a yummy ice cream cone --cause I'm a very nice guy i.e. "support" request answered immediately.

Dude, if you wouldn't do this in real life, why oh why would you think so radically differently otherwise? ...and on the INTERNET of all places???

This has probably been talked about before, but I'd be interested to know if this could apply to B.EXCH. The full release does reveal that the US Securities Commission actively monitors BITCOINTALK Forum. Most nations have a similar US Securities Enforcement counterpart. You might be of interest to them 20's as it appears you are offering THREE unregistered securities not just two like Voorhees. And this business with the daily NAVs makes things look like mutual funds. You are digging your own grave. Do seek legal advice before writing anymore (but I fear it is too late.)

No one is beyond the law.

And I'm extremely interested in this "full disgorgement" process i.e. does the disgorged money go to the "shareholders" or to the Feds? (We all know the answer.) So then, how many "shareholders" would actually petition the Fed for redress?

 http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370541972520#.U9b6rY1dUtQ:


Washington D.C., June 3, 2014 — The Securities and Exchange Commission today charged the co-owner of two Bitcoin-related websites for publicly offering shares in the two ventures without registering them.
An SEC investigation found that Erik T. Voorhees published prospectuses on the Internet and actively solicited investors to buy shares in SatoshiDICE and FeedZeBirds.  But he failed to register the offerings with the SEC as required under the federal securities laws.  Investors paid for their shares using Bitcoin, a virtual currency that can be used to purchase real-world goods and services and exchanged for fiat currencies on certain online exchanges.  The profits ultimately earned by Voorhees through the unregistered offerings totaled more than $15,000.

Voorhees agreed to settle the SEC’s charges by paying full disgorgement of the $15,843.98 in profits plus a $35,000 penalty for a total of more than $50,000.

“All issuers selling securities to the public must comply with the registration provisions of the securities laws, including issuers who seek to raise funds using Bitcoin,” said Andrew J. Ceresney, director of the SEC’s Division of Enforcement.  “We will continue to focus on enforcing our rules and regulations as they apply to digital currencies.”

Shoots, I made a mistake.

I assumed the buy-back period NAV/U -2% for the buy-back price instead of the daily NAV/U -2%. So now I understand period NAV/U is just for the period's ask/sell price, not the buy-back basis.

So period's NAV/U+3% for SELL and daily's NAV/U-2% for BUY-BACK.

Well that changes EVERYTHING in my spreadsheet.

Okay a test then. If the daily NAV/U rises substantially above the period NAV/U, would you change the price of the B.EXCH to the higher NAV/U + 3%? Why wouldn't the sell price be based on the daily and not the period's as it is now?

Who knows where difficulty is going? And why worry about it anyhow? We are trading your fantasy stocks after all. There are advantages in your game not applicable to playing the bitcoin market or the miner market.

One has to pay attention to B.SELL as this is part of your game and we are playing it.

Right, don't hold B.EXCH long time. Buy/Sell short term. Someone who did just this would have gained 8% ROI over the past 30-days buying and selling.

SIMPLE MATH.

Why bother predicting? OBSERVE INSTEAD.

If B.SELL misses more dividends in a row, that's the signal to exit all positions while there are still weak hands in the game.

So my 30-day analysis spreadsheet of B.EXCH is in error then? Is this FINALLY your point?

...and why would anyone buy and hold (for dear life) B.EXCH? (B.MINE+B.SELL) That's stupid. Do it for short terms at a profit. WATCH B.SELL's dividends (esp. lack thereof) like a hawk... it's a HOLD or EXIT signal.

With the buy back (even @ 2% less and especially so), you can't miss.

FYI what you dismiss as "predicting the future" I subsume as statistical analysis.

I just have a problem with Panamanian dictators. Wildcard.

Hmmm. Re-reading this exchange (pun intended), I think what set off you know who is the word:

PANAMA


Well, scraped from the havelockinvestments.com webstite, on the About Us page:
 
The Panama Fund
Owner and Operator of HavelockInvestments.com

The Panama Fund is a Private Investment Company, licensed with the S.M.V, Superintendencia del Mercado de Valores (Superintendency of Securities Market). The Panama Fund has been licensed since October, 2008. The Fund is administered by a practicing Legal License Company that specializes in International Business Law in the Republic of Panama.


Truth hurts, huh.

Panama is a banana republic. It's dictator, Manuel Noriega is rotting in a US jail cell captured and placed there by a non-OBAMA i.e. non-apologetic administration namely US President Ronald Reagan and President George Bush the Elder. Google that.

All this reaction from you over my stating what B.EXCH returned over the past 30 days. Must be completely utter news to you as you've never done spreadsheets on anything before. HINT: Openoffice plus high school math skills.

If B.EXCH lost 50% of your btc over a month, would you "play the game?" Course not.
If B.EXCH returned 8% profit over the last month as I've calculated, would you "play the game?" Maybe yes.

Just settle down. Sounds like 20's is your guru or bosom buddy of yours.

So what.


But you do get a ROI, else why play? Again, this deluge from you is because I did some work and showed that B.EXCH returned 8% for the last 30 days. What is so wrong with my stating that?


The NYSE is a zero sum game too. Again, what exactly is your point? That no one is really making money off B.EXCH ? I doubt that...

yes I did. And what is your point exactly?

A. No mention of Panama?
B. Is the daily % return too high for you? Too low for you? Don't give a rip?
C. Did 20's give out his name there? Didn't see it...

Spreadsheets should be done to get a clearer picture of what exactly you are getting into. But garbage in, garbage out. And these percentage returns will fluctuate every month substantially.

What did your spreadsheet tell you about the returns for the last 30 days?

I misspoke about my previous  Havelock trading observation. I just did both a Sell and a Buy away from market (Limit Order) and things worked both times as expected.

It must have been some aberration earlier. I apologize to Havelock for the besmirchment.

I did a spreadsheet for B.EXCH buying 30 days ago and selling today:

You will get a Monthly ROI of 8.155% (nearly 100% APY.) This includes the dividends and the less 2% buy back fee. I don't know what the risks are i.e. Havelock up and disappearing, the Manager getting hit by a bus or otherwise incapacitated, etc.

Not knowing 20's real name is not a big issue for me. Who knows the name/team of the specialist or market makers in the stock market? Probably all just some computer clacking incessantly in the corner of an office somewhere...

But really, Panama?

The pre-existing lower ASKs were there long before and REMAINED long after the fill @ 0.15. It wasn't done all at the same time.

UTTER CRAP from the Havelock "exchange". After I saw this happen, I practically fell off my seat.

Now that you know, you'll be a way way better Havelock trader. If placing a large order (or small one for that matter), hit the lower open ASKs first if buying or hit the higher open BIDs first if selling, else get ripped off by Havelock.

HAVELOCK HAS NO LIMIT ORDERS even though it may look like you're placing one.

In Havelock's defense, if you are tick trading (scalping) then yes, these "limit" orders will perform as expected, and your BID/ASK price will appear in the box as the market order price.

Just so long as you know.

As for scalping, it is already being done via API --I saw evidence of it during my session. Usually such trading is tempered by the flat rate charges per trade on a normal exchange that can usually only be overcome by direct brokers. No such restraints exists at Havelock sans the commission percentage which you'd gladly pay as it's a straight off the top percentage of your profits. In other words, you only pay something if you make more.

And if Havelock themselves are scalping, then we are all the suckers .