[Arm-netbook] EOMA68 / Libre RISC-V team financing

[Mike Henry]

Luke,

I know you are a really smart guy. If this group has such a great
mining set up, why do they need people to join and give them money?
The math of this doesn't make any sense. They could use profits from
mining to buy more equipment, they shouldn't need people to give them
money, then have those people get more people to sign on. It is a
classic MLM scheme where the product is bitcoin instead of some other
junk. Jean really knows what they are talking about. I know you are in
a desperate situation with lots of pressure, but if it sounds too good
to be true it probably is.

On Thu, Dec 28, 2017 at 11:48 AM, Sam Huntress <samhuntress at gmail.com> wrote:
> GNU Taler is a fundamentally different system than Bitcoin. Unless I
> misunderstand the information on their website.
>
> GNU Taler appears to be a third party; analogous to a credit card company
> or a bank. GNU Taler could manage and secure your cash (or bitcoin) for you
> and be trusted to ensure that transactions are carried out smoothly.
>
> In contrast, Bitcoin is analogous to hard currency (Euro coins, US dollar
> bills, gold, etc), and is something that can be managed for you by a
> trusted third party.
>
> On Thu, Dec 28, 2017 at 12:35 PM, Hrvoje Lasic <lasich at gmail.com> wrote:
>
>> On 28 December 2017 at 17:54, Luke Kenneth Casson Leighton <lkcl at lkcl.net>
>> wrote:
>>
>> > ---
>> > crowd-funded eco-conscious hardware: https://www.crowdsupply.com/eoma68
>> >
>> >
>> > On Thu, Dec 28, 2017 at 4:46 PM, Sam Huntress <samhuntress at gmail.com>
>> > wrote:
>> > >>would it not be worthwhile, do you think, to leverage
>> > > *this* opportunity
>> > >
>> > > The problem is that '*this* opportunity' absolutely screams pyramid
>> > scheme
>> > > and should not be trusted without solid verification that the operators
>> > of
>> > > this mining pool are making the investments they claim to be making.
>> >
>> >  genesi - a competing mining company which people seem to trust - have
>> > virtually zero transparency.  if someone wants to help tracking down
>> > some bitcoin wallet addresses from youtube videos so that the
>> > blockchain analysis can be done that would be great.
>> >
>>
>>
>> when you google genesis, one of first thing it pops up is scam alert. It is
>> well known fact.
>>
>>
>>
>> >
>> >  the pool stats are available (remember bitclub actually started out
>> > as a simple mining pool.... that some bright spark went "huh why don't
>> > we drop a MLM on top of this?") - there's videos of some of the
>> > equipment in various data centres.
>> >
>> >  briefly, last thing today: the equipment in rekjavik they're sinking
>> > their *own* geothermal bore-holes and installing their *own* turbines,
>> > keeping it connected to iceland's national grid where geothermal
>> > electricity is extremely cheap, and, of course, cooling is literally
>> > free.
>> >
>> >  more on this tomorrow, gotta sleep.
>> >
>> > l.
>> >
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