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

[Luke Kenneth Casson Leighton]

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crowd-funded eco-conscious hardware: https://www.crowdsupply.com/eoma68


On Fri, Dec 29, 2017 at 3:00 PM, Sam Huntress <samhuntress at gmail.com> wrote:
> We all seem to be talking past each other and I fear we may have some
> confusion about what a ponzi scheme actually is.
>
> In a ponzi scheme, money is taken from 'investors' under the false pretense
> (lie) that it will be used to fund operations with a positive return on
> investment when actually that money is just stashed and given back out to
> 'investors' as a fake 'return' on their 'investment'.

 ... down the tree until it collapses, yes.

 apart from the US Federal Reserve Ponzi scheme that was
cascade-created in 2007 by issuing UNREGULATED bonds a THOUSAND times
larger than the entire U.S. Govt regulated market at the time and so
consequently it is still in the process of collapsing, what's the
largest ponzi scheme that's ever been recorded in human history?

 in that historically-recorded ponzi scheme, what order of magnitude
of money changed hands? (ignoring the multi multi trillion dollar 2007
US Fed Res ponzi scheme)


> In this case, the investments they claim to be making are almost 100%
> traceable and provable. The Bitcoin ledger can be used to see which wallets
> all mined bitcoins have gone to and Bitclub can use standard public/private
> key signatures to verify that they own one or more of those wallets.

 you mean, starting e.g. from here:
   https://bitclubpool.com/index.php?p=stats
 and here:
   https://www.blocktrail.com/BTC/pool/bitclubnetwork


> If Bitclub cannot provide this verification then they may not be
> technically competent enough to make good investments.


> Given that they already have your money, the best thing to do is hope that
> whatever they are running (legitimate or not) holds up long enough for you
> to get back what you put in.

 sam you underestimate the scope of what i seek to achieve here.  i'm
looking to leverage this so that the team of engineers can be paid for
to design the RISCV-64 SoC, the eco-conscious smartphone can be paid
for, and in about a year to 18 months time a foundry line of chips can
be paid for - outright.

 i'm certainl not "looking to get back $3500" that's for sure!   and
*i* am not *personally* looking to get back money beyond that which is
sufficient to live on: i am looking to leverage this to fund some
absolutely amazing...

 ... AND ECO-CONSCIOUS ....

 ... projects.

 including REPLACING bitcoin.

l.