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Topic: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" - page 29. (Read 119665 times)

vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
What about the claim of "there is no evidence that your business has the required income to pay its incredible interest bill without eroding principle balances"?

Surely it's fairly easy in a currency in which all transactions are on public record in the blockchain to show that you're doing a substantial amount of business?

I mean, given the weekly interest bill, you'd expect BTCST to be doing at least 150k BTC per week in trades even if they were dealing in something with a very high profit margin. It shouldn't be difficult to show.

Unless of course they are futures contracts and don't actually require the  coins to move.  How about you ask mtgox to show all of their btc transfers in the block chain... oh wait, you can't because some of it is internal/on paper.
sr. member
Activity: 336
Merit: 250
I didn't realise this topic was about poker...

Its a topic about a guy claiming a bunch of other people are scammers.  Its only fair to discuss the person doing the finger pointing.
Wouldn't it just be easier for people to show they're not scammers?
Against what proof?
As it stands there is nothing to defend against but baseless claims that don't need any defending against, perhaps I missed some proof amongst the 'ponzi ponzi ponzi' chants, because I've seen none backing up your accusations, so then, with such a lack of proof (And indeed, victims) i think "people" have shown they are not scammers.

What about the claim of "there is no evidence that your business has the required income to pay its incredible interest bill without eroding principle balances"?

Surely it's fairly easy in a currency in which all transactions are on public record in the blockchain to show that you're doing a substantial amount of business?

I mean, given the weekly interest bill, you'd expect BTCST to be doing at least 150k BTC per week in trades even if they were dealing in something with a very high profit margin. It shouldn't be difficult to show.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
Wouldn't it just be easier for people to show they're not scammers?

Not when the people that need to be convinced don't really want to be convinced. 

In addition, sometimes the best way to prove you aren't a scam is to keep doing business and paying everyone as agreed.
hero member
Activity: 504
Merit: 500
I didn't realise this topic was about poker...

Its a topic about a guy claiming a bunch of other people are scammers.  Its only fair to discuss the person doing the finger pointing.
Wouldn't it just be easier for people to show they're not scammers?
Against what proof?
As it stands there is nothing to defend against but baseless claims that don't need any defending against, perhaps I missed some proof amongst the 'ponzi ponzi ponzi' chants, because I've seen none backing up your accusations, so then, with such a lack of proof (And indeed, victims) i think "people" have shown they are not scammers.
sr. member
Activity: 451
Merit: 250
It's pretty hilarious watching the Pirate-folk having their little meltdown and pulling out random poker statistics that have nothing to do with anything.

It will be especially funny seeing which ones will disappear after Pirate defaults. Greed is one helluva drug!
sr. member
Activity: 336
Merit: 250
now the real Q's

did Pirate pay everyone today?  Was Bitcoinmax and the other ponzi affiliates duped again into re-investing all?  did new whales come in this week?  

or is this this week it goes boom?

Back on topic (so to speak)

Yes, as expected he paid out interest this week.

Also I have updated my bet thread here:  https://bitcointalksearch.org/topic/--97094
Just saying, you should probably link to a transaction in the blockchain for that original 10k BTC deposit, or unlock the thread for a bit.

did Pirate pay everyone today?  

a couple i glanced at (vescudero, nckrazze) paid interest early.  if others did the same, then that's a tell.  maybe that was done with the intent to boost confidence as if they are paying early, definitely can't be in trouble!   or, maybe the affiliates that have a high reinvestment rate got paid out first because the reinvested funds were needed to then pay others which have higher redemptions?

I wasn't aware Victor Escudero had any pirate exposure? You're referring to his 1.5% deposits right?

I didn't realise this topic was about poker...

Its a topic about a guy claiming a bunch of other people are scammers.  Its only fair to discuss the person doing the finger pointing.
Wouldn't it just be easier for people to show they're not scammers?
hero member
Activity: 504
Merit: 500
Cute that you added your sitepro stats, from 2007 to 2012 you earned the following per year before deducting any backing funds, this comes in most places far less than any minimum wage and you wonder why people in the poker community laugh at you calling yourself a pro.

2012   $ 32,832   $ 32,832 -> After backer fees this may aswell read $0.
2011   $ 65,596   $ 65,596 -> You cant afford slots with this yearly income so who did you scam to roll you for slot mastery ?
2010   $ 34,066   $ 34,066 -> After backer fees this is likely closer to $0 aswell, true champ.
2009   $ 77,287   $ 77,287 -> Great year, still far below any average educated job, must have gone on a diet this year.
2008   $ 30,419   $ 30,419 -> Not sure how you could afford your own home with this yearly income before taxes.
2007   $ 6,021   $ 6,021 -> deduct backer fees, I bet you ate sand this whole year, Im sure you dont want to be back in 2007.

Like I said before you may have been a decent player up till 2006 but I would guess mostly a lucky donk when competition was as easy as pie but since then it clearly shows you are anything but a surviving poker player.

If I cared more I would have traced down to the $0 on your tournament winnings. No need for me to even look at your sng winnings, thats all in the minus in recent years.

seriously, willing to debate you endlessly on a topic I am an expert in and you are making wild and odd accusations.  Wrong thread though.  This 1 is about massive Ponzi schemes

Dont you see the MASSIVE irony in that statement of yours? Those earnings can be made more consistently by a McDonalds manager, what makes you an expert ? Bahahaha.

Perhaps you should go read up on the word, accusation. These are all facts that I post, made available by forums and by yourself in your signature of all places. Are you calling those lousy yearly tournament earnings all lies and not factual ? It is well known that you are a huge losing cash game player and the other sharkscope overall SNG stats shows that you are a huge SNG losing player over the last years aswell.

Where do you make money to survive, is scamming with poker material really that lucrative ?

I will keep pointing out the obvious, you are nothing but a self-bloated self-proclaimed wannabe expert. How is that Winning slots book coming along ?

I didn't realise this topic was about poker...

No, its about experts making wild and odd accusations
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
I didn't realise this topic was about poker...

Its a topic about a guy claiming a bunch of other people are scammers.  Its only fair to discuss the person doing the finger pointing.
hero member
Activity: 686
Merit: 500
Wat
Cute that you added your sitepro stats, from 2007 to 2012 you earned the following per year before deducting any backing funds, this comes in most places far less than any minimum wage and you wonder why people in the poker community laugh at you calling yourself a pro.

2012   $ 32,832   $ 32,832 -> After backer fees this may aswell read $0.
2011   $ 65,596   $ 65,596 -> You cant afford slots with this yearly income so who did you scam to roll you for slot mastery ?
2010   $ 34,066   $ 34,066 -> After backer fees this is likely closer to $0 aswell, true champ.
2009   $ 77,287   $ 77,287 -> Great year, still far below any average educated job, must have gone on a diet this year.
2008   $ 30,419   $ 30,419 -> Not sure how you could afford your own home with this yearly income before taxes.
2007   $ 6,021   $ 6,021 -> deduct backer fees, I bet you ate sand this whole year, Im sure you dont want to be back in 2007.

Like I said before you may have been a decent player up till 2006 but I would guess mostly a lucky donk when competition was as easy as pie but since then it clearly shows you are anything but a surviving poker player.

If I cared more I would have traced down to the $0 on your tournament winnings. No need for me to even look at your sng winnings, thats all in the minus in recent years.

seriously, willing to debate you endlessly on a topic I am an expert in and you are making wild and odd accusations.  Wrong thread though.  This 1 is about massive Ponzi schemes

Dont you see the MASSIVE irony in that statement of yours? Those earnings can be made more consistently by a McDonalds manager, what makes you an expert ? Bahahaha.

Perhaps you should go read up on the word, accusation. These are all facts that I post, made available by forums and by yourself in your signature of all places. Are you calling those lousy yearly tournament earnings all lies and not factual ? It is well known that you are a huge losing cash game player and the other sharkscope overall SNG stats shows that you are a huge SNG losing player over the last years aswell.

Where do you make money to survive, is scamming with poker material really that lucrative ?

I will keep pointing out the obvious, you are nothing but a self-bloated self-proclaimed wannabe expert. How is that Winning slots book coming along ?

I didn't realise this topic was about poker...

Perhaps a mod can split the topic off into its own thread ? Hit the "report to moderator" button.
sr. member
Activity: 336
Merit: 250
Cute that you added your sitepro stats, from 2007 to 2012 you earned the following per year before deducting any backing funds, this comes in most places far less than any minimum wage and you wonder why people in the poker community laugh at you calling yourself a pro.

2012   $ 32,832   $ 32,832 -> After backer fees this may aswell read $0.
2011   $ 65,596   $ 65,596 -> You cant afford slots with this yearly income so who did you scam to roll you for slot mastery ?
2010   $ 34,066   $ 34,066 -> After backer fees this is likely closer to $0 aswell, true champ.
2009   $ 77,287   $ 77,287 -> Great year, still far below any average educated job, must have gone on a diet this year.
2008   $ 30,419   $ 30,419 -> Not sure how you could afford your own home with this yearly income before taxes.
2007   $ 6,021   $ 6,021 -> deduct backer fees, I bet you ate sand this whole year, Im sure you dont want to be back in 2007.

Like I said before you may have been a decent player up till 2006 but I would guess mostly a lucky donk when competition was as easy as pie but since then it clearly shows you are anything but a surviving poker player.

If I cared more I would have traced down to the $0 on your tournament winnings. No need for me to even look at your sng winnings, thats all in the minus in recent years.

seriously, willing to debate you endlessly on a topic I am an expert in and you are making wild and odd accusations.  Wrong thread though.  This 1 is about massive Ponzi schemes

Dont you see the MASSIVE irony in that statement of yours? Those earnings can be made more consistently by a McDonalds manager, what makes you an expert ? Bahahaha.

Perhaps you should go read up on the word, accusation. These are all facts that I post, made available by forums and by yourself in your signature of all places. Are you calling those lousy yearly tournament earnings all lies and not factual ? It is well known that you are a huge losing cash game player and the other sharkscope overall SNG stats shows that you are a huge SNG losing player over the last years aswell.

Where do you make money to survive, is scamming with poker material really that lucrative ?

I will keep pointing out the obvious, you are nothing but a self-bloated self-proclaimed wannabe expert. How is that Winning slots book coming along ?

I didn't realise this topic was about poker...
hero member
Activity: 504
Merit: 502
Cute that you added your sitepro stats, from 2007 to 2012 you earned the following per year before deducting any backing funds, this comes in most places far less than any minimum wage and you wonder why people in the poker community laugh at you calling yourself a pro.

2012   $ 32,832   $ 32,832 -> After backer fees this may aswell read $0.
2011   $ 65,596   $ 65,596 -> You cant afford slots with this yearly income so who did you scam to roll you for slot mastery ?
2010   $ 34,066   $ 34,066 -> After backer fees this is likely closer to $0 aswell, true champ.
2009   $ 77,287   $ 77,287 -> Great year, still far below any average educated job, must have gone on a diet this year.
2008   $ 30,419   $ 30,419 -> Not sure how you could afford your own home with this yearly income before taxes.
2007   $ 6,021   $ 6,021 -> deduct backer fees, I bet you ate sand this whole year, Im sure you dont want to be back in 2007.

Like I said before you may have been a decent player up till 2006 but I would guess mostly a lucky donk when competition was as easy as pie but since then it clearly shows you are anything but a surviving poker player.

If I cared more I would have traced down to the $0 on your tournament winnings. No need for me to even look at your sng winnings, thats all in the minus in recent years.

seriously, willing to debate you endlessly on a topic I am an expert in and you are making wild and odd accusations.  Wrong thread though.  This 1 is about massive Ponzi schemes

Dont you see the MASSIVE irony in that statement of yours? Those earnings can be made more consistently by a McDonalds manager, what makes you an expert ? Bahahaha.

Perhaps you should go read up on the word, accusation. These are all facts that I post, made available by forums and by yourself in your signature of all places. Are you calling those lousy yearly tournament earnings all lies and not factual ? It is well known that you are a huge losing cash game player and the other sharkscope overall SNG stats shows that you are a huge SNG losing player over the last years aswell.

Where do you make money to survive, is scamming with poker material really that lucrative ?

I will keep pointing out the obvious, you are nothing but a self-bloated self-proclaimed wannabe expert. How is that Winning slots book coming along ?
legendary
Activity: 1232
Merit: 1014
FPV Drone Pilot
Cute that you added your sitepro stats, from 2007 to 2012 you earned the following per year before deducting any backing funds, this comes in most places far less than any minimum wage and you wonder why people in the poker community laugh at you calling yourself a pro.

2012   $ 32,832   $ 32,832 -> After backer fees this may aswell read $0.
2011   $ 65,596   $ 65,596 -> You cant afford slots with this yearly income so who did you scam to roll you for slot mastery ?
2010   $ 34,066   $ 34,066 -> After backer fees this is likely closer to $0 aswell, true champ.
2009   $ 77,287   $ 77,287 -> Great year, still far below any average educated job, must have gone on a diet this year.
2008   $ 30,419   $ 30,419 -> Not sure how you could afford your own home with this yearly income before taxes.
2007   $ 6,021   $ 6,021 -> deduct backer fees, I bet you ate sand this whole year, Im sure you dont want to be back in 2007.

Like I said before you may have been a decent player up till 2006 but I would guess mostly a lucky donk when competition was as easy as pie but since then it clearly shows you are anything but a surviving poker player.

If I cared more I would have traced down to the $0 on your tournament winnings. No need for me to even look at your sng winnings, thats all in the minus in recent years.

seriously, willing to debate you endlessly on a topic I am an expert in and you are making wild and odd accusations.  Wrong thread though.  This 1 is about massive Ponzi schemes
hero member
Activity: 686
Merit: 500
Wat
Micon latching onto sealswithclubs remoinds me of bruce wagner and mybitcoin.

Now hes claiming hes an "owner" of seals.

 Cheesy
legendary
Activity: 1736
Merit: 1006
Please add the US Dollar to the #1 spot, as it is by FAR the largest ponzi scheme on planet earth. The only reason it is dragging out so long is that the perps are epic criminals with vast resources, plus they force the entire planet to use the USD.
hero member
Activity: 504
Merit: 502
Cute that you added your sitepro stats, from 2007 to 2012 you earned the following per year before deducting any backing funds, this comes in most places far less than any minimum wage and you wonder why people in the poker community laugh at you calling yourself a pro.

2012   $ 32,832   $ 32,832 -> After backer fees this may aswell read $0.
2011   $ 65,596   $ 65,596 -> You cant afford slots with this yearly income so who did you scam to roll you for slot mastery ?
2010   $ 34,066   $ 34,066 -> After backer fees this is likely closer to $0 aswell, true champ.
2009   $ 77,287   $ 77,287 -> Great year, still far below any average educated job, must have gone on a diet this year.
2008   $ 30,419   $ 30,419 -> Not sure how you could afford your own home with this yearly income before taxes.
2007   $ 6,021   $ 6,021 -> deduct backer fees, I bet you ate sand this whole year, Im sure you dont want to be back in 2007.

Like I said before you may have been a decent player up till 2006 but I would guess mostly a lucky donk when competition was as easy as pie but since then it clearly shows you are anything but a surviving poker player.

If I cared more I would have traced down to the $0 on your tournament winnings. No need for me to even look at your sng winnings, thats all in the minus in recent years.
hero member
Activity: 938
Merit: 1002
I will investigate the Mining bonds as well.  I agree there is a good possibility of Ponzi in mining bonds, but as of now haven't investigated. 

By "investigate" you mean what exactly?
hero member
Activity: 504
Merit: 500
you say words like investigate, but never like... show up with any results

Seriously, if you have anything else other than 1) "you don't know therefore ponzi" or 2) "omg 7% therefore ponzi" it would be good if it wasn't buried under those two piles of crap
legendary
Activity: 1232
Merit: 1014
FPV Drone Pilot
There's also some buzz recently occurring with regard to the mining "bonds". Apparently only recently did some finally become aware that with these mh/s "bonds" that as long as difficulty goes up, the bond issuer never needs to buy any mining capacity whatsoever and could meet all dividend payments as agreed to simply by paying out from principal.   While not technically a "ponzi", there hasn't been much in the way of vetting to ensure the mining operator truly had control of the expected mining capacity.

Thought I'ld cc: some links here in case anyone might care to see how that all works as well:

 - https://bitcointalksearch.org/topic/weekly-loss-of-n-guaranteed-enjoy-perpetual-loss-with-fixed-mhs-mining-turds-98517
 - https://bitcointalksearch.org/topic/why-miner-corps-bonds-and-other-assets-are-the-worst-investment-you-can-make-100303

So we can now add, in bulk, all mining bonds to the OP list of Ponzis.

Holy crap there is not a single investement that is not a Ponzi.

many BTC investment vehicles are scams on this board.  Yes, it is shocking how many.

I will investigate the Mining bonds as well.  I agree there is a good possibility of Ponzi in mining bonds, but as of now haven't investigated. 
full member
Activity: 154
Merit: 100
This stuff never gets old Smiley
newbie
Activity: 24
Merit: 0
Quote
While people in the forums would be impressed by seeing so many satisfied Currin Trading investors, the reverse could also take place. All along I had carefully kept my investors insulated from the outside world. By inviting them all into a forum thread, I would risk exposing them to the negative attitude of the forum skeptics, who would dissect my business unmercifully, revealing it to them as a pyramid scheme. I wouldn't be able to predict how many would fail to re-invest their isk. And, of course, I would have to give someone the prize money of a billion isk for free.

But still, I had an army at my disposal. Supposing most current and past investors showed up, I could field several dozen positive-thinking posters in that thread, overwhelming the skeptics. But a good impression needed to be established at once. Even if I got all of the investors to reply, they might first be drowned out by the hundreds of forum posters who would be sure to latch onto my scheme and rip it to shreds--even in the context of a friendly, free lottery.
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