BitClub Network ditch bitcoin payments for bitcoin cash
In what appears to be the latest effort to keep the BitClub Network Ponzi scheme chugging along, the company recently announced it would no longer be accepting or paying commissions in bitcoin.
In a notice sent to affiliates a few days ago, BitClub Network claimed they would cease accepting and paying commissions in bitcoin as of February 1st.
The cited reason for the switch was the rising cost of bitcoin transactions.
This is one of the most important decisions we have ever made … Please read and share!
We have reached a point where the Bitcoin Blockchain (BTC) has become a major burden.
It’s slow, it’s expensive, and it costs our business and, more importantly, our members (YOU) tens of thousands of dollars a day in transaction fees.
We hoped that a scaling solution would emerge, but that’s not the case, and while Bitcoin continues to gain in popularity, it’s no longer practical for a company like ours to accept it.
Since the beginning of the year, the average cost of a new member paying $ 99 for signing up is $ 17. We’ve seen times of $ 25 + and even some as high as $ 40, just to send Bitcoin for a bill. Ouch!
From February 1, we will not only accept Bitcoin Cash (BCH) Bitcoin (BTC), which means that you need to purchase Bitcoin cash from a stock exchange or wallet providers to register mining pools or buy.
You can also convert your existing BTC to BCH, but either way it’s just BCH!
It’s somewhat ironic that BitClub Network feels like they’re being ripped off with bitcoin transaction fees, but they’re happy to continue to profit in the ripping off of bitcoin users.
Since the beginning of the year, the average cost of a new member paying $ 99 for signing up is $ 17.
We’ve seen times of $ 25 + and even some as high as $ 40, just to send Bitcoin for a bill. Ouch!
As a company we are mixed with this decision because Bitcoin is really great for miners right now.
All of these high fees will be passed on to the blocks and eventually taken down into the pocket of each one.
Currently, each block contains between 4-5 Bitcoin (currently about $ 60,000- $ 75,000) transaction fees, which are included in the 12.5 reward.
In some cases we hit blocks with 10+ BTC and the highest was 11.3 bitcoin in a block (block # 500756).
With so much profit, we will continue to pay Bitcoin mines and all mining wins in Bitcoin.
However, we no longer accept Bitcoin for payments and all commissions are also paid in Bitcoin Cash.
BitClub Network is arguably one of the oldest, if not the oldest MLM mining pool Ponzi schemes still in operation today.
BitClub Network launched in mid 2014 on the initial promise of a 1000 day ROI contract.
The company does engage in some mining, but likely nowhere near enough to cover affiliate ROI payments – leading to the recycling of newly invested funds to cover the difference.
Despite the price of bitcoin has increased steadily since BitClub Network launched, the company still ran into trouble when it approached the two-year mark.
This is typically when ROI liabilities of online Ponzi schemes spiral out of control.
BitClub Network’s answer was to terminate early investor contracts, well before their 1000 day maturity period.
Had the company been exclusively using revenue generated mining to pay ROIs on each of these contracts, there shouldn’t have been a problem.
In a second attempt to prolong the scheme, last year BitClub Network announced ClubCoin.
Unfortunately that didn’t go anywhere, and so now the company is once again trying to squeeze as much as it can out of every invested dollar by switching to a cheaper altcoin.
Rather than disclose evidence that proved they aren’t recycling newly invested funds to pay off existing investors, BitClub Network abandoned the US in April, 2016.
Two years earlier the owners of BitClub Network, believed to be former Zeek Rewards Ponzi veterans, confirmed they had no intention of operating the company legally.
Today BitClub Network is primarily being kept alive by new investment from Japan and South Africa.
The reduced overhead will stretch invested funds and mining profits a bit farther, but when the time comes to cover the current 2000 day contracts… well, you know how this is going to end.
Next=these scoundrels will be paying out in magic beans.
A 3+ Ponzi scam! WOW! I Just checked them out. They started operations way back in 2014. They must be veterans at scamming.
Does anyone know if they are still paying promptly? I also saw that they are listed as miners at blockchain.info/pools
As a Ponzi technically BitClub Network hasn’t been running straight for three years.
They rebooted in 2016 by cancelling OG ROI contracts. They’ll come up on two years again this year but 2000 days gives them a lot of room to slowly steal from investors.
ClubCoin flopped and now they’re trying to minimize costs by switching to BCH. Will only prolong the inevitable though as mining doesn’t cover ROI payouts (otherwise they wouldn’t have a problem registering with the SEC and providing evidence).
Think of it as Ponzi fraud by two thousand cuts.
I am some one who knows the inner workings of BitClub and every gues at reasons why things have been done are wrong.
BitClub is the only crypto mlm that isn’t a ponzi and you do everyone a dis-service by telling lies.
We don’t really care what you have to say but you always talk about integrity and I’m letting you know you are lying and if it was on accident now you know.
You have talked bad about BitClub for 3 1/2 years, there was never a reboot or anything like that, you just don’t understand what happened and that’s ok.
Just remember this when you are calling us a scam 3 years from now. By the way you can track all of the btc and eth that has been mined.
Spoiler…It is over $1 BILLION. We mine a profit of over $50 mill per month. We don’t even need any new people to join. Good luck to you.
So why didn’t they just register their legitimate mining opportunity with the SEC and continue to operate in the US?
Crypto mining investment is not illegal in the US.
Please provide evidence of this and the use of mining profit to pay affiliates.
Facts are facts. BitClub Network first collapsed when it cancelled initial contracts.
And sadly that’s all it comes down to. As long as you’re able to steal money from people who join after you, you couldn’t care less. At least be honest about your thievery.
and yet here you are crying about what he has to say. the fact you have to come here to defend a scam proves it’s a scam. you’re not going to get your money back.
One of the Germans living in Dubai that takes millions in Bitclub network.
facebook.com/photo.php?fbid=1721569237874323&set=t.100000637906158&type=3&theater
No worries for him how and where most of his money comes from.
(Ozedit: Offtopic derail attempts removed)
BTW this is one of the BCN mining wallets, if you did even a little research you would know that.
Contracts were never canceled the way you are saying. (Ozedit: Offtopic derail attempts and abuse removed)
And? Unless you can prove revenue generated via mining is being used to pay BCN affiliates, a link to some random wallet means what?
Smoke and mirrors mining accounts != proof of external revenue being used to pay BitClub Network affiliates.
Feel free to provide third-party audited accounting proving external revenue is being used to pay BitClub Networks.
Sure they were. One minute affiliates who initially invested in BitClub Network had contracts, the next minute those contracts were cancelled.
Stated reason was to save money, ie. We’re not getting enough new money in to continue paying a ROI on these contracts and need more breathing room.
If BitClub Network was legitimate they’d have registered with the SEC and provided evidence of external revenue being used to pay affiliates.
I know why they didn’t. You know why they didn’t. So stop shilling for Ponzi schemes.
Jörg D. Wittke has a miserable reputation in Germany. He always promises: “I make you millionaires!” In the past with
– DubLi
– ForeverGreen
– ForeverLivingProducts (FLP)
– FGExpress
– Adonia
– Xango
– Nova Nutria
– and so on.
In Germany he is known as a network-grasshopper and notorious.
So I see bitclub is having a tour of their Iceland mining facility with 500 members on Feb 18/2917.
I don’t think a ponzi would have a tour of their mining facility for members do u?? oz your full of crap and you spew lies.
Why not? Showing people a bunch of mining rigs that may or may not have anything to do with affiliate ROI payouts is perfect smoke and mirrors. Hell, you’re evidence it works.
What we do know is cryptocurrency mining is legal, and rather than register with the SEC and prove external ROI revenue, BitClub Network fled.
A legitimate mining company has no need to operate illegally in the US and then pack up shop and run away when people start asking questions.
Will they even be around then? What members get chosen? All the leader scammers?? Maybe it’ll just be aunts uncles and nephews???
Have you ever heard of a penny stock called cmkx? if not you should do a little research into what scammers will do to come across as being legit.
They went so far as showing mining equipment for diamonds and being backed by Nascar. I watched a huge race car event with the sign advertising cmkx at the race.
They then went onto blaming the SEC and brokerages for shorting the stock. Do not believe everything you are being told without verification.
How do you know that all other MLM-minings are ponzi?
It took me nearly 1 year and several Top-Leader Supports to get one withdrawal from bcn and also the the mining-results are much too low.
There exist better non-Scam-Mining-MLM.
I heard BitClub and BitFury (I think that’s the name) combined together. Maybe BitClub bought them. Does anyone have info on this?
Doesnt everything needed two wallets so you’d be able to transfer mined amounts out and into your personal secured wallet to avoid theft.
So if you have transferred your mined coins how would you lose it or have it stolen by them?
If you’ve withdrawn that’s separate. Most of the time people leave funds in their backoffice to reinvest.
Looks like Wes Garner, OneCoin scammer, is involved with this. He appears to be associated with “The Crypto Group, TCG” via his Facebook page.
In this meetup advertisement link below you can see TCG is the organizer pimping Bitclub Network.
meetup.com/THE-CRYPTO-GROUP-Learn-how-to-profit-from-Bitcoin/
Ok,
First of all, Bitclub Network is mining Bitcoin. The amount of money you earn is dependent upon the amount of time you build your business.
The product is mining and people can build networks. That’s a product. If people are making money off this and they are legitmatiely mining Bitcoin and paying people for mining earnings then that’s a product.
YOu can call it low payouts but that’s a program and you can compound your earnings and reinvest into more mining pools or shares in the company.
My friend here Vegas has been with Bitclub for over a year and has made 25 bitcoins with 2 founder positions. Don’t hate on something you don’t understand.
It’s easy to call everything a scam like Bitconnect but harder to see the value in something just because it has a binary system which has tons of network marketing potential doesn’t mean it’s bitconnect or even Herblife.
People want to mine Bitcoin right now and this gives them a chance and to build a network. Explain to me how that is a scam if they are still in business and the product is mining????? Seriously explain it.
Prove BitClub Network are using revenue generated from mining and only revenue generated from mining to pay affiliates.
Where are the third-party audited accounting reports?
What’s there to understand? Your friend recruits gullible suckers such as yourself, he or she steals your money and you’re left coming on here to defend financial fraud.
See above. Ponzi schemes run as long as new investors sign up.
Cryptocurrency mining is perfectly legal in the US. There’s a reason BitClub Network isn’t (officially) operating there and that the top investors are all Zeek Rewards Ponzi veterans.
On top of the comments from Oz,
Do you think it’s smart giving your money to a gang of known thieves? Seriously.
You are either one of them, a thief, or you are their prey. Do you know which one you are?
Hi,
My English is not the best, but I would try my best to post my opinion…
1.) I think we, the people involved in internet, need to learn to debate this topic professionally with respect…at the end everybody is free to create your final opinion based on different opinions and also to decide if is a good or bad idea to invest or participate in Bitclub Network.
2.) It is clear for me that today March 5th/2018, most of the opportunities offered out there, related with bitcoin or cryptocurrencies along MLM, are or have been Ponzi scam and this site Behind MLM has made a good job, informing the people about all of them..
but here is my question… Most of them, means… all of them? In my opinion Bitclub has demonstrated, that they are no perfect but they are legit. For my that is a fact, based in trusted third party information like Blockchain for example.
3.) Blockchain shows today, that Bitclub has mined more than 70,000 bitcoins since 2014…who else in MLM format, could show that from blockchain?…Nobody.
News show that Bitclub was the first to mine the first 8MB block for Bitcoin Cash.. who else in MLM format, could show that from blockchain?…Nobody.
Blockchain and Etherscan, shows Bitclub as one of the top miners worldwide… who else in MLM format, could show that from trusted third parties sites?… Nobody.
Is that means Bitclub is perfect?..off course not…it only means that Bitclub is legit as cryptocurrency opportunity with MLM system.
4.) Bitclub has two three sides…one is as an investment only…the second one is as a business selling hardware to new people and the third one is the 1 & 2 Combined.
Could a person get involved in Bitclub as a Investor only without inviting anybody and after 1000 days, make a profit?..
off course since 2014 many people have done that and they have shared their results on you tube…. but is also clear, that bitcoin mining or GPU mining is full of variables that create the risk of loosing partial or total money invested..and there are many promoters that hide that fact, affecting Bitclub network image, when they ( Bitclub) disclosure clearly, that there are not guaranties.
5.) Bitclub is not only legit and real crypto mining they are a crypto proyect..thats way they create a real cryptocurrency Club Coin.. and no something fake like onecoin.
Behind Club Coin they created Coin Pay.. that is already working in beta mode in Japan and soon the would announce an agreement with VISA to allow traditional business to accept main cryptocurrencies, including club coin owned by Bitclub and more than 300,000 members using it and recommending it.
Again, can we guarantee tha Club Coin is going to worth more in the future an people who own it, will se profits?..off course not, nobody can guarantee that, but when we talk about something legit like bitclub with more than 3 and half years no being perfect but being legitimate…why not?
“Blockchain” is not a substitute for audited third-party accounting or legally required securities disclosures.
The facts are BitClub Network is run by Ponzi veterans dating back to Zeek Rewards.
Multiple mining contracts were terminated because they were draining new investment. This isn’t how a legitimate mining company operates.
Any MLM company that announces it won’t operate in the US “due to regulations” is a scam. Period.
The rest of your claims are the usual promises cryptocurrency scams make to gullible investors in non-English speaking countries. Ho hum.
OZ, hello…
I want to respect your opinion as I believe you respect mine.. as I told before we can respect each other beside our different opinions …but I notice about your replays that you hate Bitclub Network.. and don´t take me wrong, you have the right to hate them for any reason you want, but please.. I´m not your enemy.
So let´s go together to review your point of view made some years ago about Bitclub, but today with recent information, that you didn’t have some years ago….
I´m not here to recruit you…I´m here to give my public opinion about something that I believe is a mistake based on today´s information, but knowing that at the end anyone is free to believe me or not… ok?
My point is…
There must be a difference between a scam vs a legit club that is not perfect, we can´t put them in the same balance. The world is changing…and we are obligated to change or soon we are going to be out date…let me give you an example …
Recently Forbes featured in you front page, the owner of Binance a crypto platform for trading, that has made billons in less than a year, that is no registered in any country including US, that doesn´t have physical office or head quarter in any country and that their employees all of them work from home.
According with your opinion, Binance qualify as a scam too…is it?
Blockchain in the old world woldn´t be considered as a third party auditor, but in this new world, people who have got in to this, know that to appear in Blockchain as a one of the biggest mining pool worldwide is because really are one of the biggest but also a legit one.
Bitclub is not the first and not event the last American company or opportunity that have left US…many of them have done even before Bitcoin, Forex Companies have done too…is that mean all off them are scams?
Roger Ver a born us citizen and the owner of Bitcoin.com left US and gave up to his US citizenship
Why?..because US is becoming an out date system in a global and connected world via Internet.
The fact is..that according to Blockchain, Bitclub has mined more than 70,000 bitcoins since 2014 up today, and they have been doing the right thing since 2014 although they are no perfect as a legit club, that have legit issues, but that doesn´t make them a scam…the are real an legit Club.
In this new world with real results and have accomplished result that not body else in the sector of Crypto MLM opportunities have accomplished ..that is a fact, people like it or not.
Bitclub does not accept Us residents, because want to respect Us out dated regulations, the hope in the near future US regulations get to open a door for a legit business in this new world model that is being changing due to new technologies like blockchain… and it would take some time for US and other countries authorities to adapt their system to this new world.
Meanwhile there is a parallel universe called internet where legit opportunities like Bitclub are making the difference and changing many people lives… again, that is a fact…that anybody with basic knowledge can´t deny based on real information.
You should say about Bitclub… Bitclubt is a unregulated opportunity based on an unregulated system called Cryptocurrencies due to lack of regulations for this new thing here in US….but if you say Bitclub is illegal, just because they left US and I hate them…
I believe there is a huge mistake there, but I know you have the right to believe that just because you want.
Readers would read haters like yo and supporters like me about bitclub and some of them will join us while other will join haters..and that is what it give to this web site value.… at the end this is all about opinions.
Bitclub will keep doing what they have been doing it since 2014 and haters opinions aren´t going to stop them and I´m sure you at least are agree with me about this lastone.
I’m not interested in opinions. Facts only please.
A legitimate mining opportunity registers itself with securities regulators in every jurisdiction it operates in and provides the public with required legal disclosures and timely filings.
A scam doesn’t.
Guess which route BitClub network took.
Why? I’m not in the habit of making completely untrue statements.
Like it or not “cryptocurrency” is not justification for securities fraud.
BitClub Network will continue to pay out as long as new dumbasses continue to invest. Same as any other Ponzi scheme.
And anyone who invested back in 2014 already had their contracts cancelled because they were draining the system too much.
Same thing will eventually happen again once enough contracts hit the “more money in withdrawals than was invested” amount.
Ok OZ…lets talk about Facts…but remember I´m not you enemy and I´m not here to recruit you or convince you …ok?
I just want to provide information from a different point of view so readers will have different point of views to create their own.
A Lawyer taught me that there is a basic legal concept that says IF IT IS NOT PROHIBIDED, IT IS PERMITED (Ozedit: Unregistered securities have been illegal in the US since 1933. They are also illegal in most civilized countries. Strawman arguments removed.)
If you want to support criminal activity that’s fine, do it somewhere else.
You’ve demonstrated you don’t even know what an unregistered security is, so kindly cease wasting my time with your “opinions”.
but then you wouldn’t need to be here.
The German series fraudster Arno Balzer writes today in the German MLM forum mlm-infos.com, among others:
Because no one believes the lies of the professional crook Arno Balzer, he spreads them as so-called “press releases” – and has been for years. He must think the readers of his lies are very simple-minded.
NOLINK://share-your-photo.com/9de5fd9345
same story we are expanding to keep the scam going.
Not withstanding BitClub Network being a Ponzi scheme, the notion that adding additional computing power will make existing individual rigs more powerful makes no sense.
It’s like saying you’re going to purchase five additional PCs for the office, and that as a result everyone’s existing PCs will magically run faster.
I am a member of a WhatsApp Group that was founded to provide people that are interested in the opportunity with information about BCN.
A good friend of mine has been trying to get me to sign up under her for about a year.
I did all my research, found all the articles explaining the Ponzi scheme but none showing that people are actually making at least their investments back.
My so called friend isn’t showing me her “earnings” either… all of the admins in the group are affiliated with Mr. Wittke ( he claims you make five figures in 8 weeks if you want to…).
They have regular meet and greets in Germany where they book local venues (some fairly large) and invite the clueless to these invents.
After they seen the presentation and webinars most of them happily sign up with a so called “3 construct”.
One new member of the chat just raved about how he made a 10k ( euro) commission by signing up 10 people in a week. Your classic MLM pyramid.
The numbers that some people dare to post show that it’s impossible to get your investment back if you solely rely on your pools. So recruiting is the way to go.
People that ask more in depth questions or say flat out they don’t have the 500/1000/2000 USD to invest are being removed from the group to keep the hype going.
The mining part is sort of legit as you can track the mined coins however the payout and the MLM side of the things certainly is not.
@Renee from Germany
Do you know the german forum mlm-infos.com? There, the German scammer Michael Hiess on 15 July 2017 has opened a new thread entitled “Bitclub Network”.
To date, 13 months later, this promotional thread for the scam was only 6,166 times clicked. Michael Hiess has not written there since March 2018 because he did not find any dumb people to get in there – and want to lose their money.
NOLINK://share-your-photo.com/bc0d79d789
In the thread also a user named “iudica” wrote. Incidentally, this is a German lawyer. 🙂
I will have a look at that forum. I live in Canada at the moment so they don’t recruit actively here but I know enough people back home that I’m trying to save from these scams.
Hi, Renee
I´m a bitclub member so, I´m going to share my opinion.
Most of the On-line opportunities are offering high returns, some of them say they invest in forex, bitcoin mining or trading.
Most of the people want the highest return over their investments, so the fall easily for those who offer more return but typically those opportunities don´t last, because they are scams.
Bitclub offer a legit investment in bitcoin and GPU mining.
They appear on Blockchain so, we the members know they are doing what they say they do. Mining has several variables, so in a 1000 days contract, it is impossible to know what it is going to happened at end…why?
Because we Bictlub members are betting about 2 things:
1. Future crypto quantity
2. Future crypto value
Who knows how many crypto are we going to accumulate in 1000 days and what they will worth?…NO BODY!!..it is impossible to know it.
Let´s say future quantity fails and I invested $3500us and after 1000 days it only creates 0.5 bitcons, but let´s say the bitcoin value it is over $100,000 us. Will I be happy or Sad?
Let´s check another scenery…let´s say future value fails, but quantity wins and my investment creates 5 Bitcoins and they worth in 1000 days $6,000 us will I be happy or sad?
Lets say…the 2 variables fail and we lost part of all our money. We the bitclub members accepted that risk, that is fully disclosed on the official Bitclub webpage.
Tell me, based on this… who can call Bitclub an scam?… just people who don´t know it.
Never limit your due-diligence to information from someone in a scam or their opinion.
Due-diligence is about facts, none of which are presented by Javier.
Prove it. You can’t because it’s run by ex-Zeek Rewards Ponzi scammers who provide you zero disclosure.
what?
“Appearing on the blockchain” is not a substitute for regulatory requirements, full disclosure to investors and audited thirty-party accounting.
BitClub Network fail to provide any of this. So all you’re left with is the knowledge that it’s a scheme run by serial Ponzi scammers.
Yet here you are trying to convince us that 2+2=5.
Oz,
I’m not here posting my referral Bitclub link or personal information to recruit people so, believe me I’m not here to convince anybody.
I’m here just to share my opinion based on my experience as a Bitclub member.
I think your are not considering that the world is (Ozedit: offtopic rant removed)
They don’t care about old regulations and they are not going to wait until governments create regulations for cryptocurrency or blockchain technology…
Does it mean they are scamers? People who are informed know that I’m not lying or saying anything that is not true.
BitClub Network’s passive investment opportunity is a security.
Pretty much every country in the world regulates securities one way or another, so you’re mistaken if you think BitClub Network are operating in an unregulated space.
And you seem to have a short memory. BitClub Network’s owners terminated operations in the US because they knew sooner or later they’d be shut down. Nonetheless the US remains the fourth largest source of traffic to the company website.
But my point is ripping people outside the US is far less riskier. Hence the staged exit.
The owners, who were Zeek Rewards Ponzi investors, have also clarified they’re avoiding regulators.
Any legitimate business has no need to avoid regulators in the US. Cryptocurrency mining is not illegal.
And further to the point, if BitClub Network weren’t recycling newly invested funds on top of whatever they might or might not be mining, they wouldn’t have had to terminate early contracts when new investment dipped.
In summary, BitClub Network is operated by Ponzi scammers and are operating illegally around the world. But uh yeah, totally a legit business.
I’m not interested in your opinions on cryptocurrency in general. BitClub Network are violating a specific set of laws and no amount of cryptocurrency ideology changes that.
OZ,
(Ozedit: Offtopic derail attempts removed)
You some years ago declared here that bitclub was a scam, but bitclub has proven that you were wrong… because bitclub since 2014 have made the right thing for its members.
Yes, they have had challenges as any legit operation could have, but the fact is, that today, they are one of the top bitcoin world miners, they have proven that they do, what they said they were doing it, and founders were not going to wait until the corrupt government (Ozedit: offtopic derail attempts removed)
I correctly identified it as an illegal unregistered securities offering at best, or Ponzi scheme at worst – run by Ponzi scammers.
Collapsing a few times to wipe ROI liabilities and paying out new suckers such as yourself isn’t “proof” of anything other than BitClub Network had trouble meeting ROI payments.
If ROI revenue was 100% sourced from mining, as BitClub Network represents, there’d be no need to wipe existing ROI liabilities, hide from regulators and provide zero disclosure.
And as we saw with USI-Tech, showing up on the blockchain with a mining pool is not substitute for regulatory disclosure and audited accounting.
Showing up on the blockchain proves nothing with respect to the legitimacy of a business model and the source of BitClub Network’s ROI revenue.
In summary no legitimate business operates in this manner. Your thoughts on the US government and cliched financial industry conspiracy theories don’t change that fact.
I’ve never met more clueless, so called “network marketers” in my entire life!
Newsflash-MLM programs that promote bitcoin mining have already been deemed by regulators to be promoting an unregistered security, and without a securities license on the part of the company AND all of its reps, the program is automatically classified as a ponzi/pyramid scheme from a legal point of view! Period, end of story!
The additional analysis that Oz provides, i.e., how commissions are earned, where the revenue is coming from to pay commissions, etc., is just icing on the cake from a legal perspective.
Tours of mining farms, people making money, how long the company has been around, etc., are all IRRELEVANT to the issue of legality!
Furthermore, violating securities laws, as well as ponzi/pyramid scheme statutes is a serious matter, with BIG fines and jail/prison terms of several years or longer!
Apparently, a number of the people commenting don’t READ, have never been taught the basics of regulatory compliance, and have no clue how various laws, like securities laws in this case, can affect a network marketing opportunity and what they are promoting!
It’s amusing to see people who have ZERO knowledge of regulatory compliance, no legal background, let alone knowledge of securities laws, who obviously don’t read and stay up to date on what is happening in the industry, and who wouldn’t know a ponzi or pyramid scheme if it walked up and shook their hand, who insist on arguing with people who know far more than they do!
You would think they’d want to learn, and you’d be wrong!
They remind me of Nietzsche’s quote: “Some people dont want to hear the truth because they don’t want their illusions destroyed.” SMDH..
NOLINK://share-your-photo.com/3cdd1f24b3
@Melanie. Finally something is being done!
I just send that info to the person that was trying to recruit me.
Her answer: “oh yeah I saw tons of things like that before I joined but my upline was quick to destroy any doubts and assured me that my investment is safe. Why don’t they call you as well so we can get you started“
Yep they all drank the kool aid and will have a nasty wake up call lol.
Source for the Austria notice: fma.gv.at/en/announcement-regarding-www-trustinbitcoin-at-and-www-bitclubnetwork-com/
Not really enough for a separate article at this stage.
I think you are confusing topics. We are transitioning to a Blockchain era and many people don´t understand it, that’s why they resist the idea of a decentralized world. However it is here, it is eminent and it doesn´t matter if you like it or not, there is no way back for this new era where decentralization has started.
Bitclub is one of the things this new era is offering a big one for those who know about cryptocurrency mining , but locally speaking Bitclub is not in comply with any country regulation..
Does it mean Bitclub is illegal or scam?..off course not, it is unregulated…why?..because in most of the countries there are not clear regulations for this new era based on Blockhain and Cryptocurrencies.
How to regulate something when there are not regulations? So, let’s be clear …
It is Bitclub perfect?…off course not but after 4 years they have a good record of honesty so it is a mistake to call them scam.
It is Bitclub a regulated company on any country?..no, they are not, because even if they wanted to be, there are not regulations yet for what Bitclub offers.
It is Bitclub´s safe for it´s members?…as club they are, based on the last 4 years of honesty records…as an investment, they have clear statements , that due to the nature of mining they can´t not offer guarantee or any specific Roi and there are risk of loosing your investment, just as an any regulated investment company would do.
So many countries will be questioning local Bitclub promotion. They have to do it according with their locals law, but at the end they don´t have jurisdiction over Bitclub, so they can´t stop them but you can´t confuse an unregulated mining offer due to lack of regulations with a scam, because Bitclub has already demonstrated that they are not a scam, they are a legit mining club.
With that being said…what is the drama?.. if you are person looking for a good new opportunity Bitclub is a good one…but if you are the kind of person who only invest with regulated companies, there are plenty of options …so, go find a good one.
Blockchain era != lalala no regulation.
Securities regulation has existed in the US since 1933. Rather than prove they aren’t a Ponzi scheme and register with the SEC, BitClub Network *winkwink nudge nudge* stopped operating in the US.
Most countries have securities regulation of some sort that governs investment opportunities like BitClub Network.
You’ll find MLM scams like BitClub Network however ignore such regulation and choose to operate illegally.
BitClub Network has collapsed at least twice IIRC. They wiped initial investment contracts because they couldn’t meet ROI withdrawals.
Not withstanding BitClub Network’s initial investors (and admins) were Zeek Rewards Ponzi scammers.
Nope. Demonstrating it isn’t a scam would require BitClub Network to register itself with securities regulators and provide actual evidence of external ROI revenue being used to pay investors.
No drama. Just the usual misinformation being circulated by Ponzi scammers.
Oz You got your opinion and it is ok this is your site and if you want to believe that the sky is red you could here in your site …but is the sky red based on facts?..off course it isn´t…so let´s talk about facts…
I said countries like US don’t have regulations for cryptocurrency world yet so even if bitclub wanted to be regulated in US, there is not way to do it without clear regulations….so, then you said…
So, who is right? …I mean not by ego, but facts?… recently Congress members ask SEC chairman for clarity on cryptocurrency regulation…why?…if according to you they have clear regulations since 1933?
See: cnbc.com/2018/09/28/congress-ask-sec-chairman-for-clarity-on-cryptocurrency-regulation.html
I don’t do opinions when it comes to securities fraud, only facts.
BitClub Network offer a security by way of a passive investment opportunity. Securities are regulated in the US, regardless of the vehicle they are offered through (cryptocurrency in this case).
You can choose to remain ignorant of the facts or accept them. Plenty of MLM companies have found out the hard way that using cryptocurrency does not make them exempt from securities law.
If you want to keep harping on about “cryptocurrency regulation” do it somewhere else. BitClub Network offer a security and securities are very much regulated in the US.
@Renee
You can display the person who has tried to lure you into the fraud. The file number is now known (Az. 56 12 JS 80/18). It costs you nothing except a little time.
In Germany, mediators and sponsors are also liable to prosecution. Not just the operators of BitClub Network. See § 16 UWG (Law against Unfair Competition – Punitive Advertising):
NOLINK://share-your-photo.com/b7365f5721
My recommendation: A letter causes more than one email. German authorities are still very conservative in this regard. 🙁
At the end…this is not about Bitclub… (Ozedit: Yes, yes it is. Offtopic waffle removed.)
This article is all about bitclub’s scam being exposed, NOT some new world order.
It’s clear to me that you have blinders on! Not Oz.
This is very much about BitClub Network.
BitClub Network, like every other MLM cryptocurrency investment company is offering a security.
Securities in the US are governed by the SEC. For much of the world securities are regulated by jurisdictional equivalents, none of which BitClub Network is registered with.
Why? Because they’re running as a Ponzi scheme. Which figures, seeing as the original promoters were all Zeek Rewards Ponzi veterans.
Dear Oz
I can not thank you enough for the information you provide on this website.
Just this last weekend my husband and I went to a seminar called “Work your wealth” in Pretoria, South Africa. We were supposedly to learn how to generate a passive income and become financially free.
Main speaker, recruiter, “sponsor” was Conray Labuschagne, other speakers were Danie van Zyl and Greg.
The three companies they were encouraging people to invest in were:
1. Karatbars International (heavy emphasis on KBC and KCB coins as well as marketing packages)
2. Bitclub Network
3. Lifestyle Galaxy
Due to some unsatisfying answers to my questions I went to Internet to do my own research about this companies and the more I read the more I became sick to my stomach.
Yes, Ponzi scheme recruiting is alive and kicking in South Africa!!! These guys are professional scammers and are leading a lot of people who want to invest their depreciating fiat savings to the slaughterhouse.
Thank you very much for the work you are doing – you have saved our savings and quite possibly our marriage too!
No worries. Glad you found our research and information useful.
BitClub Network Freezes GPU Mining Shares!!!
Update October 2018
NOLINK://share-your-photo.com/cc2860b598
Let’s see what the BitClub scammers have to say about this.
It’s another way of saying to everyone we don’t have enough new suckers coming in to keep paying commissions out of this ponzi scam. No it’s due to the energy cost and the shelf life of the computers, give us a break !
We will see very rapidly now top earner scammers such as Jorg Witke move on to the next Gig.
Kuvera Global and now BitClub Network? They’re dropping like flies.
But according to the cult it’s a good thing 😉 other companies simply shut down and terminate your contract.
BitClub is so nice to freeze everything for an undisclosed amount of time and then your how many days you have left continue.
Smart son of a guns! At least no more innocent people will be able to be roped into this scam now!
The full update mentions new bullshit products being announced on October 15th.
Cliche trading bot AI lulz 420 blaze ClubCoin ICO arbitrage infinite ROI products in 3…2…1…
As far as I know, recruiters (at least in Spain) are preparing the next visit to Iceland facilites in November, like nothing happened.
Yes funny enough the German con artists keep trying to recruit people as well. Even though they know that no „packages“ can’t be bought/sold for an undisclosed amount of time. It’s sickening really!
What are they going to show them in Iceland? A shit down mining facility or ( what I believe they did with every trip) a mining facility that doesn’t belong to BitClub at all.
Renee hi,
If you want to destroy Bitclub would be nice you would do it with fact not gossips don´t you believe that?…let me share with you and readers some facts.
Biclub pause GPU mining (Ozedit: paragraps and paragraphs of unsubstantiated excuses for Ponzi fraud removed)
If you want to post an essay defending Ponzi fraud, you’ll cite evidence.
As it stands BitClub Network provides zero disclosure and operates illegally in any jurisdiction securities are regulated.
Having run out of newly invested funds, BitClub Network has collapsed and has stopped paying out.
You want to claim BitClub Network aren’t recycling invested funds? Hard evidence please or GTFO.
Posting links to mining pools is not evidence BitClub Network are using external revenue to pay affiliates.
An audit by a third-party that is filed with a securities regulator would be evidence. But we know sure as shit a Ponzi scheme like BitClub Network hasn’t provided that in four years.
It is unacceptable that Bitclub professional scammers from Spain are still promoting the “business” presenting how to achieve financial freedom in just 1000 days, leading as much innocent people they can recruit before Ponzi scheme collapses without revealing the current issue.
According to them, for a founder pool 3500$ , “investors” get this amount multiplied by 5; NOLINK://share-your-photo.com/7418bf39b0
If you check their own spreadsheet , the 1000 days forecast for a founder pool gets a return of 1080$, less than a third of the amount.
Given the (coincidental) recent conversion of the long neglected Clubcoin into an ERC20, I wonder how long it will be till all Bitclub payments to investors will be made in their own premined shitcoin (which has recently experienced a 100% pump)…most recently, Gainbitcoin and MCAP spring to mind.
People are leaving the sinking BitClub ship like crazy. But of course nobody learned from their mistakes. They are on to shill the next thing called mycryptobit.
Not quite sure what it is exactly only that they charge you a monthly fee of $150 to tells you when to trade… there is a massive information event about this new thing in Germany this week.
Everything reeks of that being another MLM again! With people inviting potential “investors” left right and center . Another one to keep an eye on.
Thanks for the heads up, I’ve added My CryptoBit to the review list.
It was on September 21th.
Hello Behindmlm Admin
I am intrigue with the review seen here sir. I just have some unclear scenario case.
I joined the Bitclub network mining from a review done @ (Ozedit: spam removed). I have been earning anyways, not until last month that alll my mining share was hold because of drop in Bitcoin value and according to them, they said; the situation is temporary and all power and mining machines are short down.
Please what can you say to this please because I have over $2000 mining pool.
Thanks,
Your respond is highly important
The only reason a Ponzi scheme stops paying out is when they’ve run out of money.
If BitClub Network was legitimately paying ROIs entirely out of mining revenue, they wouldn’t have abandoned the US.
The only reason an MLM company doesn’t operate in the US is if they’re worried about regulators shutting them down for illegal activity.
Hi Sam,
There is a lawyer in Germany that is collecting claims from people in your situation. (Ozedit: link removed, see below)
Many people that have been scammed out of their initial investment are suing BitClub together with this lawyer.
This isn’t a platform to drum up business for lawyers. Thanks.
Javier Rodriguez: Where is the king of authority on the Ponzi scheme BITCLUB NETWORK.
Amazing how he defended the scam in detail over and over on this site and now he’s nowhere to be found! I guess he crawled back under the rock he came from.
Now that BitClub Network has imploded as all Ponzi schemes do, please Javier, come back and explain yourself on how much of a dumbass you where regarding this scam…. Let’s see how smart you are now DA!
Just found on pinterest.com:
NOLINK://https://share-your-photo.com/26e154d348
I spontaneously clicked on the link. There it says only:
Has anyone forgotten to pay the electricity bill in Iceland? 🙂
Hi, scamalert
I would love to share here information about Bitclub Network but I have not gurantees because every time I do, the owner or moderator of this site edit or delete my posts… so there is nothing I can do about it….
maybe this message is not going to be published neither…right OZ?
How could you possibly know that ? It’s pure supposition on your part, just like all the made up “facts” you use to justify your participation in an illegal ponzi fraud.
Littleroundman
I´m a person with an investment in Bit club I can´t not be blind about my investment. I follow official news about Bitclub I wen t to Iceland to visit the Bitclub Mining Farm.
I know how to check Bitclub Hash Power and mining legitimacy on trusted third party sites that Bitclub doesn´t control…
I use to follow public appearance of Bitclub main Founder Ross Madlin in different countries..by the way the last one was in Iceland at the Hilton Nordika Hotel… every day Bitclub pay me the mining production in Bitcoin and I can withdraw it every day if I want..
it takes 2 or 3 days to have it on my wallet, there are not hidden fees for withdrawals just the same fee any Bitcoin wallet would charge.
I also follow several Bitclub promoters and I have seen many of them promote Bitclub when the Bitcoin had a high price and know many of them are promoting mining scams…
how can I know that?…because many of them are inviting me to those scams..and their sales speech to promote those scam is based on defamations about Bitclub.
That´s why I can share all this information. It´s public ít is not a secret. I accepted the risk of losing money with Bitclub for the potential to make money…that’s it. There is not scam here.
“Share the information” != made up marketing spam.
If you want to share something, share BitClub Network’s regulatory registration and legally required investment disclosures.
How about you answer my question and not go off into a tangent with marketing spam ??
You said:
Again I ask, how do you know that to be true ?
I knew you were going to delete my post…that´s easier tan debate my facts 😉
You can’t debate baseless marketing bullshit, regurgitated from whoever recruited you in an attempt to stop you filing a report with the authorities.
The only actual facts you could provide that matter are BitClub Network’s regulatory registration and legally required investment disclosures. Which you’ve all but confirmed you don’t have by stalling.
I think we’re done here. Best of luck with the scamming.
OZ if you provide me a clear regulations for Cryptocurrencies investments companie in USA and at least you name me one regulated cryptocurrency company in USA…
I Will say you are righ and I´m wrong….but knowing the way you act.. you will delete or edit this post…. wanna bet?
Passive MLM investment opportunities fall under securities regulation. In the US this is the Securities and Exchange Act (1933).
I accept your defeat and suggest you go do some research before making dumbass demands.
Show me at least one cryptocurrency company regulated in USA…could you? off course not…you are out dated and you don´t want to accept it by ego.
Oh for fucks sake. Permanently spam-binned.
https://behindmlm.com/companies/aws-mining-served-securities-fraud-cease-and-desist-in-texas/
https://behindmlm.com/companies/bitconnect/bitconnect-securites-fraud-cease-and-desist-issued-in-north-dakota/
https://behindmlm.com/companies/usi-tech/usi-tech-securities-fraud-cease-and-desist-issued-in-ohio/
https://behindmlm.com/companies/onecoin/onecoin-scammer-indicted-on-400-million-money-laundering-charge/
https://behindmlm.com/companies/trident-crypto-fund-cease-and-desist-issued-in-new-jersey/
https://behindmlm.com/companies/bitconnect/sec-investigation-into-bitconnect-confirmed/
https://behindmlm.com/companies/bitclub-network/bitclub-network-investor-alert-issued-in-north-carolina/
https://behindmlm.com/companies/power-mining-pool-cease-and-desist-permanent-exit-scam-confirmed/
I’ve had it up to here with uneducated crypto MLM fucktards.
OZ are you a normal person, do you know how to read?..I know my English is not the best since it is not my first language, but I think it is good enough to understand that I´m not asking you to show me alerts about unregulated cryptocurrency offers.
You said that there are clear regulations in USA for legit cryptocurrency companies right?….so, if that is true, there should be at least one regulated cryptocurrency company operating in USA….can you show us just one? …
off course you can´t not and that´s what proof my point..you are too up dated that you are asking for a Unicorn …THERE ARE NOT REGULATIONS YET IN USA FOR CRYPTOCURRENCY COMPANIES.
(Ozedit: derail removed)
Arno Balzer, known in Germany as a notorious cheater, wrote on October 24, 2018 on arno-balzer.blogspot.com:
NOLINK://https://share-your-photo.com/bec233f37b
they’re not and is why they are all scams along with being vapor. YOU are the one asking people for their money. it is YOU who has to prove they are compliant.
A cease and desist is not an alert, it’s a regulatory action. And there’s at least one SEC shutdown in there (obviously you didn’t check out the links).
You asked for regulation of MLM cryptocurrency companies in the US and I provided you with some. There have been plenty more over the past year.
To operate legally in the US an MLM cryptocurrency company offering an investment opportunity has to register with the SEC.
This requires them to file appropriate disclosures essentially proving they are doing what they say they are to generate ROI revenue.
The only company I’m aware of that has any regulatory filing is Kuvera Global through its parent company Investview. But even then Kuvera Gold itself isn’t registered, it’s only mentioned as an aside in Investrview’s filings.
The reason every other MLM cryptocurrency hasn’t registered with the SEC is not because the Securities and Exchange Act doesn’t exit, it clearly does.
It’s because they are all scams and can’t prove they aren’t just recycling newly invested funds.
BitClub Network falls into this category. The company was started by former Zeek Rewards Ponzi scammers and made it clear they had no intention of operating legally early on.
Instead they focused on scamming gullible investors in third world countries. And here we are.
Again, I want to make clear: The use of cryptocurrency to operate an MLM investment opportunity is not an exemption from securities law.
MLM cryptocurrency companies offering a passive investment opportunity are very much regulated in the US. If you wish to discuss other types of cryptocurrency companies do it elsewhere.
Since beginning 2018 Bitclub has not paid out any earnings from mining. Bitclub is now 100% pyramid scheme and Riccardo Ferrari, know dating scammer and ponzi front man for Joe Able is recruiting 100% in USA from his home in Carlsbad Ca.
His best friend Joe Able who brags about the hundreds of millions they are making is a citizen of the USA and resides in Oxnard Ca.
Riccardo just posted his brand new BMW high-end sports car while bragging he makes $500k per month. SEC are you listening?
Now the predator has turned his anger at one of his downline members for questioning the ethics of said Riccardo Ferrari and questioning the legitimacy of the new and improved Bitclub pyramid scheme.
Here is the email
Dating scams is Riccardo Ferrari too.
consentawareness.net/2016/04/17/consistency-why-catfish-laws-are-a-must/
His new BMW car:
facebook.com/photo.php?fbid=10216901847692032&set=a.4738523674606&type=3&theater
Joe Able seems to be attracted to sexual perverted Psychopaths like his partner Russ Medlan.
Seeing the recent BCN super hyping going in at a lean time for miners made me wonder: how many of the crypto millions, made thru years of selling this MLM crap, disappeared because of their disastrous decision to get into bed with Roger Ver and Jihan Wu (Bitmain) and their shitcoin Bitcoin Cash (as per the original post by Oz)?
If they had have gone “all in” BCH as the hierarchy’s rhetoric and worship of “Jesus” Ver at the time (Jan 18) would indicate, then each $million worth of BCH then is now worth approximately $62,450…..
Hmmm… there is a new BC trader introduced by Russ!
Anyone has any clue about the trading package? And is it a scam!
Hi Adam,
Yes, Bitclub has launched its Trading Bot like the mining service it is a legit offer…they don´t touch anybody’s money they just offer the trading services trough out an API.
I have my “money” ( crypto) in Binance and Bitclub using an API trade the amount I want, but they can´t do withdrawals. As any investment, there are risk involved and they are clearly disclosed.
I guess this post is going to be deleted or edited, since de the owner of this site, doesn´t want to accept that he wasn´t right about Bitclub when he said it was a scam. By the way Bitclub now is mining in Montana USA.
Sure they can. Just “trade” your money into an account they own and withdraw.
You’re just a passive investor. BitClub Network run the bot, they can do whatever they want.
Nope, BitClub Network are not registered to offer securities in any jurisdiction they operate in. They have not filed disclosure statements with any regulator.
BitClub Network has been a scam since day 1. That’s why it has to keep cutting off existing investors and reinventing itself.
Nope. No regulatory filings = you can’t prove BitClub Network is doing anything it says its doing.
All you can confirm is that new investment is and remains the only source of revenue entering BitClub Network.
JAVIER: The BitClub Network Ponzi Scheme is no different than USI Tech and all the other scams that have stollen millions of dollars from victims around the world.
To try to justify that they are Legitimate and registered/licensed company is laughable…..
Scamalert is your opinion but based on facts Bitclub has been working and paying for almost 5 years…
they have a legit and real mining operation and now they are offering legit and real Bot Trading service without touching anybodys money.
Ignorant people like the one who runs this site doesn´t understand trading by an API where it is impossible to touch people money in Bitclub´s behalf ..
the same ignorant, believes that your country is the center of the world and his ignorance doesn´t allow him to understand the concept of decentralized …
the more he speaks the more shows he doesn´t understand the new world and tendencies, that´s why he has to edit or delete my posts…it is the only way he has to face me.
No it hasn’t. They’ve had to repeatedly cut off original investors and reboot. Now BitClub Network is rebooting again with a new ruse, trading.
If 100% of ROI payments were made from mining there’d have been no need to terminate investment contracts over and over again.
BitClub Network has failed to register with securities regulators in any jurisdiction it operates in. That is the opposite of legit.
Unless they rig the trades in their favor. They hold all the cards.
Securities are regulated all over the world. Your nationalistic prejudices are neither here nor there.
New or old world, there are laws. Pop goes your shitty little new world crypto bubble.
OZ let´s debate in equal conditions …please don´t edit or delete my post just debate them, ok?…be honest!!
1. You said that Bitclub have had to repeatedly cut off original investors and reboot and now BitClub Network is rebooting again… That´s false…recently I meet a Bitclub member (Ozedit: snip, see below)
2. You said….”BitClub Network has failed to register with securities regulators in any jurisdiction it operates in. That is the opposite of legit”… You are again confusing legit with regulated… (Ozedit: snip, see below)
3. You said that they ( Bitclub) can touch people money if they rig the trades in their favor. WRONG AGAIN…it is impossible, because those trades doesn´t occurred on their platform.
Bitclub doesn´t operate as a Broker or Exchange… you have your crypto in a third party exchange… I use Binance for example but there are more …and they don´t have relation with Bitclub… Bitclub just connect its software using an API with the third party broker and do trades between crypto pairs so, there is not way for them to trig trades in their favor… Binance doesn´t allow them to do so.
4. You said “Securities are regulated all over the world. Your nationalistic prejudices are neither here nor there.” The World started to change since 2008 (Ozedit: snip, see below)
5. Finally, you said “New or old world, there are laws. Pop goes your shitty little new world crypto bubble.”… Sure there are laws but (Ozedit: snip, see below)
The law isn’t up for debate.
No it isn’t. BitClub Network has repeatedly terminated contracts when the Ponzi ROI liability grew too big – https://behindmlm.com/companies/bitclub-network/bitclub-network-terminate-early-investor-contracts/
Your anecdotal story of one investor doesn’t change the facts.
No I’m not. An MLM company cannot operate legitimately if it is in violation of regulations.
BitClub Network is in violation of securities law in every country it solicits investment in. Has been since day one.
BitClub Network controls the bot, which controls the funds.
When the time comes to exit-scam, bot users will report losses. In trading, someone’s loss is someone elses’ gain.
Guess who’ll be making all the gains at the expense of BitClub Network affiliates…
Securities law hasn’t.
There is no “but” when it comes to the law. Securities are regulated in pretty much every country, meaning BitClub Network is breaking the law the world over.
Yep, that’s about the point where your comment needed to be cut. Laws don’t have the “but”.
OZ you have created your own bubble…but based on facts..Bitclub is on, they have been working for almost 5 years and keep growing…the world is not your f**king U.S (Ozedit: securities are regulated all over the world, not just in the US. Abuse and rage against the machine removed)
As has been stated, it’s collapsed at least twice. And now they’ve rebooted as a trading scheme to keep the scam going.
Between that and illegally offering securities, that is not how a legitimate MLM company operates.
As for “growing”, anyone can see BitClub Network’s Alexa website ranking tanked last year. This is a disaster for a Ponzi scheme, which is why you’re here with your panties in a bunch.
OZ if you are analyzing growing based on Alexa, now you are exposing your real poor criteria about business ..Bitclub has never collapsed don´t lie. (Ozedit: snip, see below.)
Ponzi schemes like BitClub Network are tied to people getting recruited and logging in. No website traffic = #RIP.
Alexa isn’t definitive but it’s a reliable indicator of the health of a scam.
If your counter to facts supported by documented evidence is “but you’re lying!”, we’re done here.
Best of luck to you in your fantasy world.
Talia, (Ozedit: derails removed)
Get this straight:
1. Im not a dating scammer that is a hater false post. I have never been to court for a dating scam.
2. Joe Able is not my best friend, not even my enroller in Bitclub. Hardly returns my calls.
3. I bought that BMW not with Bitclub money and it’s preowned I paid $32K for it not $100k.
4. I never claimed anywere to make $500 a month. I never made $500 a month.
5. I hate ponzies as much as you do but I dont blind slender anyone without knowing facts.
You are a jerk!
Jeanne Grosso diserves exposing, she defrauded my database how nice is that? (Ozedit: more derails removed)
My my, here come the BitClub Network denials.
Except you promoted one and by all accounts profited handsomely.
Riccardo Ferrari, is that even a real name?
Lol, yeah, I wonder when J. Rodriguez is going to turn up with some more patronizing passive-aggressive waffle?
The Bitcoin (core) world seems to be focusing on Roger Ver’s role, if any, in enabling BCN.
bitcointalk.org/index.php?topic=5208850