4. Does it potentially harm bitcoin?

Ive come to the conclusion that p4man thinks:

1.) Hes the mother terresa of bitcoin ?
2.) He needs to have an issue with anyones business model unless that person spills every single detail in order to replicate ?
3.) Hes Jealous ?

Ultimately I will never want to operate this form of service with above the hashrate that I could subsidise with my own mining farm, 51% attack is beyond any possibility.

Whatever the reason, Im clearly not his type of service and I can respect that however I am sure he cant respect the fact I dont want to provide every single method used to make this profitable for myself.

Anyhow, those who signed up and who will end up mining from 1 February(we are still on track) can openly comment here if they feel any wrong doing on my part towards their income(this is what its ultimately about)

Why waste all these words when a short reasonable clarification -not of any secret, but of what you already claimed will make me look like a fool?

But if you must know, I only think you are lying. Whatever your reasons, you are giving a nonsensical explanation in your first post. Anyone with a half a brain can see that, and you dont even seem to be denying it anymore, all you do is post and post while avoiding the key issue that your initial post makes no sense whatsoever.

If anyone wants to entrust his hashing power to you despite that, and without having a clue what their hashrate wil actually be used for, I suppose thats their business. Nothing I can do about that, but  I do feel someone should point it out.

As for the 51% attack; no you alone wont pull it off obviously. But you are not alone. There are lots of similar 100+% pps "non"-pools, meta pools and pseudo pools emerging lately. No one knows where their hash rate goes to, or what its used for. So no one knows if they cant be combined and rented to the highest bidder for whatever purpose. You dont have to be a mother theresa to be concerned about that potential, all that is needed is owning coins.  Half this forum is deeply concerned about deepbit and slush's combined hash rate, even though they provably mine their own blocks, there is no big mystery there. And no demonstrable lying.

Freshly minted blocks take more than a day to mature. So he cant even use his newly mined blocks for what you describe. I could end there, but its more nonsensical than that;  assuming he could spend the new coins or delay PPS payments an extra day, hed get less than 1 day worth of bitcoins for 10-15% fees on the total amount.  It would also be far cheaper to lend the money at the bank and deposit the extra 1 day average turnover at Mt Gox.

But thats not even the biggest issue; the biggest issue is youd still have to do what he says is impossible or so hard in SA, or at least what the whole purpose of this set up is supposed to be:  avoiding exchanges to convert fiat in to BTCs.

So there is no logic in it whatsoever, it just doesnt add up.

So now you admit your OP explanation is untrue. AKA as a lie.
Why dont you edit the OP and say you have a secret business model you dont want to disclose instead of a describing a nonsensical one?

Hence, much less hassle.

Seeing hostile intent with every endeavour can be called risk analysis/risk management, but it can also be dubbed as overly paranoid. You may as well halt all innovation on grounds of "possibilities". Nothing is impossible, risk a little or don't.

Competition is a good thing (for us miners).  Goat is back to 115%...

Everyone should have received an email by now regarding access, enjoy!

EDIT: There is a small error on difficulty divider on userstats which will be resolved asap, it wont affect your earnings, its just anoying to look at for now

Im spoiling everyone with 115% , dont worry The Bonus PPS Rate in userstats reflect that, you can calculate from the 100% PPS Rate and see for yourself

Another user had same issue, we are looking into whats causing it. It eventually started to work for him, please try bit later and once we figure out whats causing it we will let everyone know.