- Joined
- Feb 1, 2009
- Location
- Illinois
Well he had been paying people back for almost a year now. Most theories around him go like this:
Step 1: Obtain people's bitcoins Check
Step 2: Obtain people's trust (by actually paying back interest at ~3300% per year or 7% per week) Check
Step 3: Gain a large investing platform and a large number of coins Check
Step 4a: Sell current holding at market high Check
Step 4b: Announce the closing of his business Check
Step 5: Cause huge market panic Check
Step 6: Buy back bitcoins at market floor at a profit of ~150% Check
Step 7: Profit Check
Controversial Step 8: Pay back investors Maybe Check
Step 1: Obtain people's bitcoins Check
Step 2: Obtain people's trust (by actually paying back interest at ~3300% per year or 7% per week) Check
Step 3: Gain a large investing platform and a large number of coins Check
Step 4a: Sell current holding at market high Check
Step 4b: Announce the closing of his business Check
Step 5: Cause huge market panic Check
Step 6: Buy back bitcoins at market floor at a profit of ~150% Check
Step 7: Profit Check
Controversial Step 8: Pay back investors Maybe Check