The Bond party is a HYIP scam party | Bitcointalksearch.org

Bitcoin Oz

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Wat

Quote from: smoothie on July 07, 2012, 03:12:42 AM

Quote from: theymos on July 06, 2012, 10:17:00 PM

Quote from: Bjork on July 06, 2012, 10:03:45 PM

Assuming pirateat40 does eventually default, how do you guys think BTC will be affected? Surely it will be fine in the long run, but how much BTC is really invested in this?

My guess is that there will be a small decrease in price due to bad press about Bitcoin in general.

Translation: Buying opportunity Grin

Indeed

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: theymos on July 06, 2012, 10:17:00 PM

Quote from: Bjork on July 06, 2012, 10:03:45 PM

Assuming pirateat40 does eventually default, how do you guys think BTC will be affected? Surely it will be fine in the long run, but how much BTC is really invested in this?

My guess is that there will be a small decrease in price due to bad press about Bitcoin in general.

Translation: Buying opportunity Grin

theymos

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Quote from: Bjork on July 06, 2012, 10:03:45 PM

Assuming pirateat40 does eventually default, how do you guys think BTC will be affected? Surely it will be fine in the long run, but how much BTC is really invested in this?

My guess is that there will be a small decrease in price due to bad press about Bitcoin in general.

FreeMoney

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Strength in numbers

Quote from: Bjork on July 06, 2012, 10:03:45 PM

Assuming pirateat40 does eventually default, how do you guys think BTC will be affected? Surely it will be fine in the long run, but how much BTC is really invested in this?

Finding out that coins are missing doesn't hurt Bitcoin unless it happens to reveal some previously unknown fault. This will happen over and over as long as bitcoin is used. What would hurt is if whenever it turned out coins were being double counted Satoshi magiked some more into existence to make everyone whole. Since that can't happen Bitcoin will be fine.e

Bjork

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Look for the bear necessities!!

Assuming pirateat40 does eventually default, how do you guys think BTC will be affected? Surely it will be fine in the long run, but how much BTC is really invested in this?

Haplo

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I'm not going to argue here, but I will answer this:

Quote from: finkleshnorts on June 24, 2012, 02:14:54 PM

What is your opinion on some of the other funds (such as Starfish BCB), which appear legitimate, yet still pay bookoos more than any other IRL fund?

The reason they can offer that much is simple:

They charge borrowers 1-1.5% per day/3-4% per week/10-15% per month. They get plenty of business, too.

Don't take my word for it though, you can check out Hashking's thread for yourself. When he started out he announced his lending activities publicly, and many of his depositors announced their contributions publicly as well. He used to keep his books public as well, but I no longer see them listed anywhere =\. You might ask him about it.

Vladimir

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-

I respect Nefario a lot, whatever it worth. GLBSE is indeed a very interesting experiment. You know how they say ohh Bitcoin is an experiment, then move on to "monopoly money", then move on to "BTC is not a property". I really think that GLBSE is a great experiment unlike describer "Bitcoin experiment" excuse to scam EVE-like.

Having said that, there is a simple and indisputable truth. No legitimate business with at least some minimal accounting or legal council and incorporated in any English speaking country will not touch GLBSE or anything similar with a barge pole. This is indeed mostly a scamfest. I suppose this is so far the result of GLBSE "experiment".

"Global Bitcoin Scammer Exchange" is unfortunately pretty close to reality, whether we like it or not.

@honest bob: "pirates angrier investors privately requested him to lock the thread" Please! "investors" paying someone 3k% annually?

yep shares of popcorn are going to rise rather soon.

P.S. Pleasure to stumble upon a thread with like two pages of reasonable posts.

Raize

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I have a problem with GLBSE as someone who wants to start a silver ETF, but it's mostly due to the machinations of GLBSE than any serious concern about its legitimacy.

I can't issue shares and then get some sort of "backup" in the event that GLBSE goes down. This favors anonymous investors, but I wouldn't want anonymous investors because I'd want them to be able to proved they own shares if GLBSE goes down, or if they want to have the equivalent of their shares shipped to them. I'm more worried about making sure people that would own the silver actually get to OWN the silver instead of having to worry about GLBSE being destroyed then not being able to deliver the silver to the rightful owners post-GLBSE-bust.

In short, I'd like to have a business that can operate entirely legally instead of on questionable grey-area legal grounds.

Vandroiy

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Quote from: Bitcoin Oz on July 04, 2012, 09:07:06 AM

Leave GLBSE out of your accusations. It doesnt hold anyones bitcoins here. Next you will accuse pirate of being Nefario.

*puts on tinfoil hat.

Sorry, that was not my intention at all. I just mean there's a lot of scammers on there.

I have no indication that GLBSE itself is fraudulent! I edited my post to make that clear. Sorry again, I'm just producing so much text currently that ambiguity can slip my mind.

Bitcoin Oz

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Wat

Quote from: Vandroiy on July 04, 2012, 08:59:48 AM

Changed the thread name because it's so obvious by now, there is really no need to use kinky wording.

GLBSE should read "Global Bitcoin Scammer Exchange" really.

Leave GLBSE out of your accusations. It doesnt hold anyones bitcoins here. Next you will accuse pirate of being Nefario.

*puts on tinfoil hat.

Vandroiy

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Changed the thread name because it's so obvious by now, there is really no need to use kinky wording.

GLBSE should read "Global Bitcoin Scammer Exchange" really. Edit: this is NOT directed at GLBSE operators! Sorry for the misunderstanding!

finkleshnorts

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I can think of four explanations.

Pirate closed the thread because:

1: it is a Ponzi: Vandroiy, hazek, et al were getting too close to home.

2: it is or isnt a Ponzi: Pirate wanted to put an end to imsaguy's email notifications

3: it isn't a Ponzi: Pirate was tired of insults.

4: It is or isn't a Ponzi: pirates angrier investors privately requested him to lock the thread

I can't help but think its 1.

humanitee

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I've removed all my funds from pirate.

Reinvesting it all in popcorn.

Bitcoin Oz

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Wat

Quote from: finkleshnorts on July 03, 2012, 06:11:32 PM

So, lots of drama in the main BTCST thread over the last 24 hours. Now the thread is locked. Thoughts?

Im reducing my exposure as i intend to sit on the sidelines.

waltmarkers

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Quote from: copumpkin on July 03, 2012, 10:34:37 PM

Quote from: finkleshnorts on July 03, 2012, 06:11:32 PM

So, lots of drama in the main BTCST thread over the last 24 hours. Now the thread is locked. Thoughts?

The beginning of the end!

While I do not personally believe it to be a ponzi (I think it's a technically legal fiat currency movement service (money laundering) service), I think the main thread should have stayed open. What's the difference between 72 pages and 172 pages? It's always been high volume, and there is a second thread for announcements now.

phelix

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i wonder if there are people knowing pirate's identity that have been on the forum longer tha n he has. in other words, that we can be sure they are not his puppets.

copumpkin

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I'm actually a pineapple

Quote from: finkleshnorts on July 03, 2012, 06:11:32 PM

So, lots of drama in the main BTCST thread over the last 24 hours. Now the thread is locked. Thoughts?

The beginning of the end!

finkleshnorts

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So, lots of drama in the main BTCST thread over the last 24 hours. Now the thread is locked. Thoughts?

Stephen Gornick

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Quote from: Vandroiy on June 26, 2012, 07:25:40 AM

The psychology of this is strange beyond imagination.

Another post from Vandroiy's:

First-Hand telling of an online Ponzi: Eve Online's Currin Trading

- https://bitcointalksearch.org/topic/first-hand-telling-of-an-online-ponzi-eve-onlines-currin-trading-91214

theymos

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Quote from: Vandroiy on June 22, 2012, 06:07:15 AM

The "savings trust" is a Ponzi scheme. I'm not talking about "oh, but maybe the poor fella will default" or something on that level. Everything from the cheap building of trust, the friendly update messages and the time-scale of the thing is nothing but textbook fraudster routine. The funds are hardly flowing enough for good money laundering, there are cheaper means to do that anyway, and even if it were to work there's simply no reason to still pay out this sort of interest to lenders. Ever heard of "There Ain't No Such Thing As A Free Lunch"?

I completely agree. I'm not at all worried about BTCST's failure hurting the community, though. A lot of shady assets will fail and a few individuals will lose a lot of money, but I don't think there will be any long-term damage.

Topic: The Bond party is a HYIP scam party (Read 4583 times)