Zero, read between the lines. Do not have enough bitcoin cash you cannot afford zero lose, speculation have a little bit. Apr 7th, at speculation Onecoin follows strictly the regulations of the Electronic Commerce Act of the state of Bulgaria. In reply to How no one brought up the by Bitcointalk Might Hurt. It seems like it bitcointalk require math that a large percentage of the global population just cannot do. Cash Smedley's Butler Sep 18, 5:
Sep 1st, at 2: Archived from the original on 8 September Extraordinarily clever, and people don't realize how hard it is to replicate. Apr 8th, at 6: Once the heavy hitters have the users hooked, and have made their big front end pile, they crucify the competition by making it legal, and corner the market all over again. Anyone with common sense could look at the figures and realize no business could afford to payout the commissions they say they do, and still guarantee a doubling, not once, but twice of your invesentment.
bitcoin cancer nodes behind hearts В»
The cash shares you own the more you get. Speculation have out mining pool in Hong Kong and new office opened in Dubai. It crossed that boundary, you are saying, which might not have happened; but it did. Menger's essay "On the origin of money" points zero that the commodity which eventually becomes money does so because, inter alia, it speculation the easiest to sell, hence has the greatest capacity to bridge the coincidence of wants bitcointalk the least risk and inconvenience to the bitcointalk. Which pool are they on? Archived from cash original on 3 Zero
Mar 8th, at Meet the the illusive owner of BitClub you may also remember him from such hits as BlockBuzz, Greenzap and Pixmeup plus…drum roll please……. Mar 8th, at 6: I see this topic has been started 2 years ago, so what is the conclusion on BitClub, if any?
Is it worth to invest or not? Mar 21st, at 4: The company does mine and anybody could check that on ANY blockchain website! Let me make this very clear. They control percent of ALL mining, now you might not know how much that is but it is in the millions of dollars. That money gets distributed to the people who have a contract with them. Of course they keep a small percentage, they have to. Costs of running a mining operation of this magnitude will cost you millions a month just on maintanace and electricity.
Mar 21st, at 7: The only logical conclusion is that newly invested funds are being used to pay off existing investors. Any reshuffling of newly invested funds to pay off existing investors constitutes a Ponzi scheme.
What you do outside of that core Ponzi mechanic is irrelevant. You only came here to post your recruitment scam and earn commissions. Case in point the token mining taking place is irrelevant.
And the difficulty is steadily increased and yield periodically halved. If the server admin have that much computing power, they would be mining themselves and pocketing the profit. Mar 21st, at 9: You can look at ANY website in the world that tracks blocks rewarded and you will see.
They mine in Iceland which significantly reduces energy consumption. If you know anything about Bitcoins you know the halving period is every 4 years, and its not due to later this year. The reason they cant do it on their own is because of what you said, computing power gets too hard for their hardware, it becomes obsolete.
The more shares you own the more you get. Thy have mined 5 Million dollars worth of bitcoins. It is easy to follow where the money is and where its going. Mar 21st, at Mar 21st, at 3: Oh you guys are hilarious. Do some research and youll see what im talking about. Why dont you guys get that? It says its new coins generated, to bit club and so forth down to me. Contact Bitfury, the reputable mining hardware company and ask them about their contract with Bit Club.
Token mining takes place which fails to explain the ROIs or recruitment commissions paid out. Just that the majority of commissions here obviously have nothing to do with BTC. Say for example, block xxxx gets rewarded to bit club, then bit club sends it to me. So you know, nobody can edit or add them to blockchain.
ROI comes from the mining. Simple, Transparent, and can be traced. ROIs are paid out over days. Any money you have been paid is from recruitment so far, which as I just said has nothing to do with BTC. Or they just convert affiliate funds into BTC and recycle it out again. Its impossible to recreate a Rewarded block. You cant recycle that. It comes from the bitcoin code, into bitclub and then to me. Its not like it goes to bit club then gets distorted then i get it.
Its pretty clear and the trail is there, open sourced and for anybody to see. And the ROIs are paid in days not She hasnt recruited anybody and still has gotten paid daily. But you can recycle newly invested funds. It doesnt add up, its not like they get k a day from new invested funds. They pay more than 7k per day to their affiliates and contracts easily. Where is that money coming from? Cant be newly invest funds.
It would be mathematically impossible. Mar 22nd, at 1: Mar 22nd, at 5: If bitcoin price falls, the risk is huge. Hey, my wife has half of her investment back already without recruiting anyone and its only been a few months. You cant dispute that, and the other peoole that didnt recruit anyonr but havr gotten their investment and more back? Mar 22nd, at 6: Out of blocks mined to date at that pool, went straight to third party miners, nowhere near BCNetwork investors.
If you actually follow the Blockchain transactions, distorted is exactly what it does get. Why would they do that with newly minted coins? And no exit strategy whatsoever, unless you want an obsolete ASIC shipped at your expense from Iceland maybe.
Mar 22nd, at 7: We should have our investment back by the end of next month. In theory our account should be suspended by the time we earn back right? If i dont, i will post on here. That is the only reason i signed up. Mar 22nd, at 8: Mar 22nd, at Mar 23rd, at 6: Of course not, why would they do that?
Or what happens to your accumulated extra shares? I listened to that Acapulco chat with Joby Weeks, one of your main men, the other day. Amongst his other exaggerations and downright lies, he was rambling on about becoming the biggest etc. Last week, the Chinese pools found blocks. Bitfury, who threw BCN some hashrate recently, found They can afford it.
Mar 24th, at The other is still in my BCN wallet. Mar 25th, at 6: Can you not see the incredible cost of the matrix structure from your own example? It could mean Bitfury are mining at their pool. I know BCN were paying third party miners a bonus to mine with them and inflate their hash figures. There have been two major recent examples in Bitcoin mining of operations which mine but hugely oversell their capacity.
GAW also brought out their own coin…. Mar 26th, at 8: Mar 26th, at Real, physical, money paid by unsuspecting participants is being held somewhere until someone, somewhere, pays into the scheme. Then part of that money gets shuffled over to another unsuspecting participant who paid into the scheme, but not before a cut of that money is kept by the scheme operators. Meet the the illusive owner of BitClub you may also remember him from such hits as BlockBuzz, Greenzapand Pixmeup plus…drum roll please…….
Mar 26th, at 2: The question is how does Week know that BCN had contracted use of these ASICs, or did he just randomly pulled it out of a news item, which is not hard to do. Mar 28th, at 4: To me, that says you paid BCN at the end of November. BCN are the only people in the world with Bitfury chips, buying all they can produce. Mar 28th, at 5: Please can you review Dragon Mine. Looks as though it could possibly be similar to this Bitclub network. Mar 28th, at 6: During this special time, you can receive 1, 2 or 4 shares within the Global Mining Pool as a free bonus for your mining contract purchase.
Mar 28th, at 3: Looks like this is the official site but with no public info on their Bitcoin mining product yet. I do agree, maybe weeks misunderstood.
Hes also just a member. I do know they are using those asic chips now. Mar 30th, at 2: He knows exactly what he says. Apr 1st, at 2: By the time i get my investment back, i should have 1. Apr 6th, at Apr 6th, at 6: Apr 28th, at May 28th, at 3: The Halving was built into Bitcoin protocol by Satoshi.
I have written about this at length with graphics here: Jun 24th, at 6: I am just here because a friend tried to pitch this bitclub thing to me. Now after reading a lot here, I am very confused if this is a good idea or not.
I am interested in buying bitcoins, but really unsure if I want to be involved in this particular company. Jun 24th, at 7: Jul 14th, at BCN is indeed a legit network that mine bitcoin this could be verified true blockchain.
Where does the rest of the money come from? Jul 15th, at 4: Aug 6th, at I see a lot of ignorance to what an actual blockchain and p2p public ledger actually is. There are reasons why currency and money exist. BCN alows you to use currency and get actual value out of it.
You can not value BTC and other Crypto and compare it to fiat currency when the currency and its market are highly manipulated by central banking and their interest rates and inflation.
Aug 6th, at 7: Unregistered securities aside, the only verifiable source of funds entering BitClub Network is invested affiliate funds. Aug 10th, at 8: It is particularly interesting for Bitcoin nerds anyway because it links them with Genesis Mining and could explain a lot about BitClubPool. Aug 10th, at 9: So is crypto by their equivalent, the miners. Aug 10th, at Furthermore, buying mining whatever is ALSO signs of Ponzi scheme, and this is opined by a major Bitcoin developer, someone who understands Bitcoin at the source code level.
Aug 27th, at 9: Granted, consumable items that are repurchased by the same people, such as Mary Kay or Amway products require people to spend money from their jobs or money earned from people who work jobs, the money still has to continuously be spent into the operation to fund earnings.
If BitClub was a true ponzi, then they would not be still in business. From this thread, it appears that they are developing ways for none share-holders to spend money that will result in earnings for contract holder besides their share of the BitCoin mining operation.
In my personal opinion, you guys are straight up haters. But unlike OneCoin, it appears that these guys are actually doing something and have substance that is provable. Thanks, for the insight. Bitcoinguy and his wife sold me.
Even the K idiots that think the dollar is going to survive long enough to draw out their retirement. Fat chance with that! Anyway, I happen to know some of the people who are very close to the ownership of BitClub, and they are very honorable people, but I still had to check before taking the plunge. A ponzi scheme runs for as long as new investors, such as yourself, sign up and invest funds to pay off existing investors.
Remember, the only a few day ROI maturity periods have expired. Not on the fixed time-frame BitClub Network operate on anyway. You guys are straight up haters. I happen to know some of the people who are very close to the ownership of BitClub, and they are very honorable people.
Instead the anonymous owners ran away and now operate from who knows where wink wink, nudge nudge. Aug 27th, at I get your points. But, I can only hope that I can get a return of 5 bitcoin. Well, I can say they are ranked 36 of I believe they are going to be around for a long time, but I could be wrong. They tell you to say this as well? Give me a break. Aug 28th, at Aug 28th, at 7: Aug 29th, at 5: I suspect many of them [the Bitcoin cloud mining companies] will turn out to be Ponzi schemes.
Most of the money goes into amortizing the equipment and running costs. In other words, you basically self-deluded yourself into believing your own fiction with no regard to reality. Bitcoin mining is barely profitable, certainly not in the ROI claimed here and elsewhere without some extraordinary measures like setup in China. Sep 7th, at 5: One of the answering comments from a respected miner who points his gear at their pool for their low fees commented. Yes, you are right im missing my payments.
Non of the official e-mails are working any more and bitclubnetwork support does not answer. Sep 11th, at 8: I was to consider to join bcn in South Korea now. Thanks to lots of good info on this. I quit to enroll and invest in clubcoin. There are some people who persuade into joining bcn these days in Korea even though it just started. Nov 22nd, at So, its almost and its still working very good. I earned almost btc here already.
If its a scum let all scums will be like that one! Nov 23rd, at 5: Nov 23rd, at 6: Aug 8th, at 2: Oct 28th, at 9: Oct 28th, at Oct 29th, at 5: What is the actually status here?
Bcn still exist but i dont know weather i can trust them or not. Oct 29th, at 6: Ask for audited accounting showing bitcoin mining funds ROI revenue. Oct 29th, at 9: When people start researching some of the things they have been saying I was hoping they would end up here and read for themselves. Dec 26th, at 9: Dec 26th, at Problem is what that graph shows is not proof mining is used to pay affiliates with.
Dec 27th, at 8: If this is the case and they have mined 6 blocks in last 24hrs would the math hold up? Average bitcoins mined per day in the world is 1 block every 10 minutes, or block per day.
Given that the block contains BitClub is NOT a mining pool. A real cryptomining pool have pool feels, prices per gigahash, and detailed accounting of block yields and splits and whatnot. BitClub is just a scheme hiding behind the premise of BitCoin mining. Whether you can trust it… depends on how trusting you are of random companies with lofty promises. Jan 23rd, at 5: Mail will not be published required.
Leave this field empty. Notify me of follow-up comments by email. Zeek Ponzi veterans at it again… Aug. A binary compensation structure places an affiliate at the top of a binary team, with two positions directly under them: Pass-up Bonus When a recruited affiliate recruits nine affiliates, the affiliate who recruited them is paid an additional 2. BitClub Network out of funds?
I think it is going to be huge. Where are the thousands of dollars in affiliate funds going? Last scheme to attempt this bitCoin disguise, PayMony, already collapsed. Hosting provider might have pulled the plug.
The site has not even launched yet…. I actually know a lot about bitcoins and mining them, more than you probably know. So whatever brilliant plan you saw, it is irrelevant. Nope, just that you have no ears to listen. Hirsch is in the Philippines, so for the people reading this site doing DD wake up: The Big pimps are working from outside the US.
I guess Todd Hirsch knows more about bit coin than Gavin Andresen, lol. Hope you had a good time off, thanks again to you and your contributors! Look who is getting a lot of press. I wish to be as big as I am described in this post.
Just for grins… I decided to run some numbers. Island If I know I am taking a risk, what is the problem? Ponzi schemes are illegal and unsustainable whether or not the SEC get involved.
Spare everyone the excuses and just own it son. Ruhroh… BitClub Network launch delayed a few days. If I got my math wrong, feel free to correct me. The documentary film, The Rise and Rise of Bitcoin late , features interviews with people who use bitcoin, such as a computer programmer and a drug dealer. In Charles Stross ' science fiction novel, Neptune's Brood , "bitcoin" a modified version is used as the universal interstellar payment system. From Wikipedia, the free encyclopedia.
Bitcoin Prevailing bitcoin logo. For a broader coverage related to this topic, see Blockchain. For a broader coverage related to this topic, see Cryptocurrency wallet. Legality of bitcoin by country or territory. Cryptography portal Business and economics portal Free and open-source software portal Internet portal Numismatics portal.
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You are experiencing cognative blindness. You are literally unable to process my arguments, becoming emotional and resorting to logical fallacies to attempt to salve your ego. Same old argument the crypto pumpers always use. People who hold crypto know it all, while people who don't hold crypto are ignorant. Yeah holding virtual tokens makes you smarter. Anybody who don't hold tokens are dumb and ignorant.
Sure keep believing that fantasy. Do you still believe in your fantasy of going into space to mine gold? Well the earth is already in space. It may well be that it is easier to find gold on earth because the internal heat and pressure of earth concentrates the gold into veins. You are fooling yourself to think that the rarity of elements on earth floating in space is not typical of the other objects in space.
With the added cost of needing an expensive rocket and fantasy robots that don't exist yet to do outerspace mining. I told you so: I also told you that the analog for the ongoing bitcoin move was the silver move. I like to read your comments because they are better reasoned. Your expressed confidence in your crypto- world view is both amazing and amusing. However, that you have called the move in detail is absolute bullshit.
If you cannot reconcile that statement, then you are living in a delusion and reality will exact a very stiff, shall I say maximum, price from you. You crypto pumpers don't seem to learn much from the people who argue with you. Your arguments always go back to price. Ponzis go up in price. Price doesn't make a scam legitimate. You pumpers continue to say 21 million is the maximum limit. That is an obvious LIE. A text editor can easily change that number.
Yet you scammers continue to perpetuate that LIE. Don't you have any problem being a stooge for Satoshi and pals, helping to enrich them? The same people who can dump their hoard of tokens onto you. Here are some of the lies you pumpers tell people: The transactions within may not change, but the Blockchain itself grows and grows like a huge monster. The text editor creating an artificial token limit is not immutable, it can easily change with a keystroke.
The developers are constantly making changes to the code, a fork can happen at any time by arguing developers. Wrong, they are electron bits, nothing physical about it. You can just as well call those electron bits Luxury Yachts to fool people into thinking electrons are expensive. Crypto mining to find coins. Wrong, math calculation is not physical mining.
That is printing a lot faster than the Fed prints. There are rumors of more forks to come, with arguing handful of developers and centralized Chinese miners. That continuous squabble is hardly any indication of a stable currency. An unlimited number of cryptos can and are being created. A flood of ICOs. The 21 million token limit is fake scarcity that is easily changed by a text editor. All these lies are an attempt to fool people into thinking virtual thin air is like physical gold, calling it coins, mining, and scarce.
Cryptos are anonymous and buying it is rebelling against the government. Bitcon doesn't say it is anonymous, but people believe that anyway. The joke is on them because cryptos are designed to be easily trackable.
All transactions are permanently stored on the Blockchain. It takes less than a second to list all the transactions of a user id there are websites that allow you to do this. Convert cash to buy crypto at an exchange which requires your real identity or buy something physical at a merchant, and gotcha you are tracked.
They are centralized to a handful of developers arguing groups and large miners like the Chinese miners with special hardware. Who knows what changes these centralized groups will make next.
Easiest to mine at the beginning getting the most tokens, and hardest to mine later on at the bottom of the Pyramid. Do it right now.
Set it to ZERO if you like. The original coin keeps going until the miners decide to change the code AND the market agrees to the changes by refraining from valueing any other chains at non-zero values. Gee, I don't know. Same number of Bitcoins as before. BCH is not bitcoin. Holders of BTC got them for free. They were not issued by some central bank to their banker buddies to profit from inflating the currency. The problem comes when they dilute people's purchasing power by giving all the new fiat to their friends.
Feels just like I'm in that amazing movie, Inception! The miners how the power to propose changes and make forks. The market gets to select which fork it uses. If the miners do something against the good of the users, they will wind up mining a worthless coin. Damn that God, making his evil ponzi scheme called "all mining ever"! Terrible that people born earlier get access to all that easy to pick up metal right on the surface, while people born later have to sweat it out miles under the surface!
You just admitted that 21 million limit is a LIE. The 21 number can be changed. If the miners demand that the token limit be raised because they have run out of tokens to mine, and the developers agree to do it for fear the miners would jump ship to another crypto, and the masses have to follow the miners, otherwise their transactions would slow down to a crawl. Yeah, use a metaphor to fool the masses, and draw gold colored coins to represent Bitcon.
Don't call it BitScam and use a Pyramid to represent it. I said the number of tokens doubled overnight. I don't care what you call them. A lot of pumpers were telling that lie, even if you didn't.
A lot of people still believe that lie. You going to trust an anonymous exchange to always send you cash after you send them your tokens? What if they are operated by criminals and they take off with that large amount you sent them? It is called no legal recourse. That is why Ponzis and Pyramid schemes are illegal. What ever gave you the impression that I'm a "crypto pumper"?
Maybe you should read a few of my recent posts. I will admit the prospect of keeping an exponentially growing blockchain on my local devices is worrisome. At the moment it can technically be done on a Raspberry Pi with an SD card. Before long, not so much. On the other hand storage capacity seems to be growing exponentially as well.
Not much different than starting a new bank in the old days and realizing there wasn't going to be enough room for all the file cabinets. Put your life savings into a hope that technology will keep up in the unknown future that is what many people are doing.