Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" - page 62.

CoinCidental

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Si vis pacem, para bellum

Quote from: Micon on July 26, 2012, 11:18:44 AM

Quote from: CoinCidental on July 24, 2012, 12:14:40 AM

Quote from: Vladimir on July 24, 2012, 12:04:58 AM

We are all going to be rich! Stop trying to stop us! How dare you! Do you really expect us to stop deluding ourselves and start doing something productive?

BTW you can add all the so called pirate pass through bonds to your list. The are just his co-conspirators who would be equally liable for fraud IMO once/if "savings and trust", lol, is revealed as a ponzi (so would be every singe ponzi promoter on this forum).

A ponzi is not a ponzi until it defaults ......or is it ?

no it is a ponzi when it starts, as it runs, and when it defaults

So ,you think pirate is not shaking up a volatile market and making money by doing so .......

You think he has designed the BTCST to be a ponzi right from the start ?

Micon

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FPV Drone Pilot

Quote from: eroxors on July 25, 2012, 11:10:30 AM

Pretty sure Micon is a puppet for that guy who has the huge bet on Pirate defaulting.

yup, you google'd me at least once.

Micon

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FPV Drone Pilot

Quote from: ?? on ??

Quote from: Micon on July 23, 2012, 11:25:51 PM

It's called a Ponzi Scheme ... you will all lose.

this reads like a contradiction to me.

there are many winners in ponzi schemes, that's why btcbubble was so popular, that's why bitcoin pyramid is so popular, and bitcoinduit, etc.

so you are saying we should keep running ponzi schemes for btc?

Micon

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Activity: 1232

Merit: 1014

FPV Drone Pilot

Quote from: CoinCidental on July 24, 2012, 12:14:40 AM

Quote from: Vladimir on July 24, 2012, 12:04:58 AM

We are all going to be rich! Stop trying to stop us! How dare you! Do you really expect us to stop deluding ourselves and start doing something productive?

BTW you can add all the so called pirate pass through bonds to your list. The are just his co-conspirators who would be equally liable for fraud IMO once/if "savings and trust", lol, is revealed as a ponzi (so would be every singe ponzi promoter on this forum).

A ponzi is not a ponzi until it defaults ......or is it ?

no it is a ponzi when it starts, as it runs, and when it defaults

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: Frankie on July 25, 2012, 12:19:25 PM

So you say:

Poker = gambling.
Experience =! wisdom.
33 years old = young (on a forums populated by people who take ridiculous loan terms because they can't get a credit card, and where a starfish gives "AAA" credit ratings on the basis of his learned questioning).

'k.

I observe poker is a game of chance and there is some skill that can be applied. But I would prefer not to take investment advice from a card player - I consider that a deficient qualification.

I will concur that experience does not necessarily lead to wisdom. It depends on the person. Some people are wise with limited experience.

I happen to be older than 33 (this person) and I object to his characterisation of forum members as "kiddies", elevating himself above others he has no knowledge of.

The credit rating metrics you refer to are a mechanical process as set out in the relevant thread and are based on principles covers by Standard and Poors in their publications on Corporate Credit Ratings. It looks at the financial ability of different issuers to make good their liabilities. I do not need to do that, and someone else could easily have done so. I am not asking anyone to rely on them, and of the 12 requests for information, only 1/3rd have responded. However, you point here is more about discrediting my point of view rather than looking at the credentials of the OP and the advice he is giving. If you wish to debate credit ratings, please do so in the relevant thread.

BadBitcoin (James Sutton)

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www.hyipbit.com is another, was taken offline a week or two after it came out however.

grue

legendary

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Merit: 1452

yay, another Bitcoin Savings and Trust hating thread thread! can you all just congregate yourselves to one thread so i don't have to deal with this bullshit?

ps. your title is misleading as 1 entry isn't really a "list". it's obvious you made this thread to attack Bitcoin Savings and Trust.

Frankie

full member

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Merit: 100

Quote from: PatrickHarnett on July 24, 2012, 07:17:32 PM

Quote from: Micon on July 23, 2012, 11:25:51 PM

I am a 33 year old poker player.

I have been scammed and know how to spot scams.

I know most of you BTC kiddies are still very young.

I should take advice from a gambler? I think not.

You admit to have been taken in by scams, so obviously don't know how to spot them.

At 33, you are still very young. I'm not a "kiddie" and your presumption to insult the people on this board is rather foolish.

So you say:

Poker = gambling.
Experience =! wisdom.
33 years old = young (on a forums populated by people who take ridiculous loan terms because they can't get a credit card, and where a starfish gives "AAA" credit ratings on the basis of his learned questioning).

'k.

Quote from: ineededausername on July 25, 2012, 11:34:30 AM

Quote from: Tomatocage on July 25, 2012, 11:24:40 AM

Funny how he only lists BTCST as a ponzi when pretty much every other BTC security returns Ponzi-like divs. Every single one of them. Come on now, .5%-2.5% a WEEK? Are you f**king kidding me? Where's the outcry about those?

+1, Bitcoin is a high-yield world with many legitimate investments.

+1 for Tomatocage, then -1 for ineededausername. Seems clear that the vast majority are also Ponzis or damn kids who can't get a credit card.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: Tomatocage on July 25, 2012, 11:24:40 AM

Funny how he only lists BTCST as a ponzi when pretty much every other BTC security returns Ponzi-like divs. Every single one of them. Come on now, .5%-2.5% a WEEK? Are you f**king kidding me? Where's the outcry about those?

+1, Bitcoin is a high-yield world with many legitimate investments.

Tomatocage

legendary

Activity: 1554

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brb keeping up with the Kardashians

Funny how he only lists BTCST as a ponzi when pretty much every other BTC security returns Ponzi-like divs. Every single one of them. Come on now, .5%-2.5% a WEEK? Are you f**king kidding me? Where's the outcry about those?

eroxors

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Activity: 924

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Think. Positive. Thoughts.

Pretty sure Micon is a puppet for that guy who has the huge bet on Pirate defaulting.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: Micon on July 23, 2012, 11:25:51 PM

I am a 33 year old poker player.

I have been scammed and know how to spot scams.

I know most of you BTC kiddies are still very young.

I should take advice from a gambler? I think not.

You admit to have been taken in by scams, so obviously don't know how to spot them.

At 33, you are still very young. I'm not a "kiddie" and your presumption to insult the people on this board is rather foolish.

Shadow383

sr. member

Activity: 336

Merit: 250

Quote from: Vladimir on July 24, 2012, 12:04:58 AM

We are all going to be rich! Stop trying to stop us! How dare you! Do you really expect us to stop deluding ourselves and start doing something productive?

BTW you can add all the so called pirate pass through bonds to your list. The are just his co-conspirators who would be equally liable for fraud IMO once/if "savings and trust", lol, is revealed as a ponzi (so would be every singe ponzi promoter on this forum).

I'd actually be curious to know if there is any legal risk to the dozens of "pass through" operators.
Certainly, between them they must control what? $300k in coins? More?

Also I'm not quite up to date - what's the situation with the Vegas show Pirate's supposed to be appearing at?

drrussellshane

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So what if some people here are trying to start a bitcoin social security system.

Mousepotato

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Seal Cub Clubbing Club

Interesting. Any opinions on the other investment schemes offering nearly as outrageous returns, such as those offered by Vescudero, ciuciu, and smart1985?

ianspain

donator

Activity: 164

Merit: 100

good thread Shocked

is it a ponzi or a lending bubble? Huh

Vladimir

hero member

Activity: 812

Merit: 1001

-

We have no conclusive proof of it being a ponzi just yet. It well could be, for example, some guy in possession of some alien tech who feels strangely charitable towards "naive and greedy" part of this forums population.

Also since I am a real person and not some cooked up anonymous identity, I have to be careful and not set myself up for a libel lawsuit.

CoinCidental

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Merit: 1000

Si vis pacem, para bellum

Quote from: Vladimir on July 24, 2012, 12:04:58 AM

We are all going to be rich! Stop trying to stop us! How dare you! Do you really expect us to stop deluding ourselves and start doing something productive?

BTW you can add all the so called pirate pass through bonds to your list. The are just his co-conspirators who would be equally liable for fraud IMO once/if "savings and trust", lol, is revealed as a ponzi (so would be every singe ponzi promoter on this forum).

A ponzi is not a ponzi until it defaults ......or is it ?

Vladimir

hero member

Activity: 812

Merit: 1001

-

We are all going to be rich! Stop trying to stop us! How dare you! Do you really expect us to stop deluding ourselves and start doing something productive?

BTW you can add all the so called pirate pass through bonds to your list. The are just his co-conspirators who would be equally liable for fraud IMO once/if "savings and trust", lol, is revealed as a ponzi (so would be every singe ponzi promoter on this forum).

CoinCidental

legendary

Activity: 1316

Merit: 1000

Si vis pacem, para bellum

But everyone likes 3400% ,it has such a lovely ring to it Tongue

Topic: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" - page 62. (Read 119665 times)