Matthew N. Wright is a scammer and there is no ifs, and's, or but's about it.
PS! Watching Judging Amy, Suits or any other crappy law fiction will not make you a lawyer
Topic: Who got paid from scammer Matthew N. Wright famous bet : 0/112 Total 0/79947.58 (Read 6326 times)
September 10, 2012, 04:31:19 AM
This thread has become useless and I am closing it for good.
Matthew N. Wright is a scammer and there is no ifs, and's, or but's about it.
PS! Watching Judging Amy, Suits or any other crappy law fiction will not make you a lawyer
Matthew N. Wright is a scammer and there is no ifs, and's, or but's about it.
PS! Watching Judging Amy, Suits or any other crappy law fiction will not make you a lawyer
September 09, 2012, 09:43:42 PM
Matt isn't defrauding anyone, even if he just posts "AHAHAHAHAHAHAHAHAAAAAA!" and logs off, never to be seen again. Welching on a bet is a dick move, but not a scam.
Why the hell do you think this is not defrauding anyone? He defrauded all parties who have entered his contract. He set up the contract with the knowledge that he doesn't have the money and with the intent to never pay out, but pocket possible winnings.To me, that is clear fraud. A clear scam. But perhaps in libertopia, things are different.
This is 100% accurate. If pirate had paid, MNW would have successfully
won.
I couldn't find any legal info on making a bet you cannot pay being considered fraud. If anyone can find that for me, I'd be glad to amend my position.
Acting in bad faith? Yes. Slimy contract trickery? Yes. Fraud? No.
That said, scammer tag or not, Matt should be held to the spirit as well as the letter of his agreement, and expected to pay up. This was very bad form.
September 09, 2012, 09:20:23 PM
Matt isn't defrauding anyone, even if he just posts "AHAHAHAHAHAHAHAHAAAAAA!" and logs off, never to be seen again. Welching on a bet is a dick move, but not a scam.
Why the hell do you think this is not defrauding anyone? He defrauded all parties who have entered his contract. He set up the contract with the knowledge that he doesn't have the money and with the intent to never pay out, but pocket possible winnings.To me, that is clear fraud. A clear scam. But perhaps in libertopia, things are different.
This is 100% accurate. If pirate had paid, MNW would have successfully stolen nearly a million dollars. That's enough to land you in jail.
Sorry this is off-topic...how many bitcoins did you buy when they were $0.06 each?
That must have been awesome back in those days.
September 09, 2012, 09:13:00 PM
Indeed, Badbear, it's a consequence of not paying out directly mentioned in his bet. All the things you've listed are still applicable. I would also add childish and predatory to Matthew attributes.
Alternative was a poor word choice. Wonder if Matthew feels bad for any hedgers no matter how naive, doubtful.
Alternative was a poor word choice. Wonder if Matthew feels bad for any hedgers no matter how naive, doubtful.
September 09, 2012, 09:08:27 PM
That's not an alternative to paying out, it's a consequence of not paying out. He still hasn't paid and is still a fraud, untrustworthy, deceitful sack of crap.
September 09, 2012, 09:05:27 PM
A brony has brought up something important, the alternative listed consequence to not paying out was always a Scammer tag. Which he has received. Should be considered a reasonable outcome for what Matthew termed as "Team Ponzi".
September 09, 2012, 09:02:20 PM
This slew of scams, however, makes me wonder if people are stupid enough that they need the regulations and consumer protections. Very troubling.
You are only hearing from the vocal minority on one forum. There are plenty of legitimate Bitcoin transactions between responsible people every day! We simply don't go posting ten threads about every successful transaction on the forums.
and not in a single case were there any repercussions.
I don't know. We can hope that people learn from their mistakes and the percentage of scams versus the percentage of legitimate business reduces over time. I'm not going to let a few scam artists and their marks ruin something like Bitcoin for me.
Or just start listening to good advice...
September 09, 2012, 01:22:40 PM
Hmm. Now you're making me wonder. My ideology says that a bitcoin-like system is better, due diligence is due, we shouldn't bail out investors by printing money, I shouldn't be forced to pay for other people's ignorance, etc. This slew of scams, however, makes me wonder if people are stupid enough that they need the regulations and consumer protections. Very troubling.
I don't thinks so but you have to realize most consumers have been sheltered by the state protecting them from any possible bad decision on their part for a very long time. Even CC rules means you can be incredibly stupid and still never lose a single penny.
It will take time and reputation does matter. Do you think say NewEgg or Amazon would be any more risky paying with Bitcoin instead of CC? I don't. Those companies have developed awesome reputation among customers and that is a powerful corporate "asset". I pick NewEgg over say Tiger Direct even if they are a couple bucks more simply because I have never had a problem with them. They always meet or exceed my expectations.
Remember Bitcoin is young it is completely different. It isn't just p2p paypal. It will take time for the infrastructure to build up around it.
The title of his bet topic said he'd be giving 100% ROI to people who thought it was a scam. That alone is grounds for making the bet under false pretenses and he should be deemed guilty. I'm sure it would hold up in court.
Playing Asshole's Advocate, nobody gave him any money, and 100% ROI of 0 is 0.Common sense, however, says that he would be guilty in court.
September 09, 2012, 01:21:27 PM
The title of his bet topic said he'd be giving 100% ROI to people who thought it was a scam. That alone is grounds for making the bet under false pretenses and he should be deemed guilty. I'm sure it would hold up in court.
September 09, 2012, 01:17:27 PM
Hmm. Now you're making me wonder. My ideology says that a bitcoin-like system is better, due diligence is due, we shouldn't bail out investors by printing money, I shouldn't be forced to pay for other people's ignorance, etc. This slew of scams, however, makes me wonder if people are stupid enough that they need the regulations and consumer protections. Very troubling.
I don't thinks so but you have to realize most consumers have been sheltered by the state protecting them from any possible bad decision on their part for a very long time. Even CC rules means you can be incredibly stupid and still never lose a single penny.
It will take time and reputation does matter. Do you think say NewEgg or Amazon would be any more risky paying with Bitcoin instead of CC? I don't. Those companies have developed awesome reputation among customers and that is a powerful corporate "asset". I pick NewEgg over say Tiger Direct even if they are a couple bucks more simply because I have never had a problem with them. They always meet or exceed my expectations.
Remember Bitcoin is young it is completely different. It isn't just p2p paypal. It will take time for the infrastructure to build up around it.
September 09, 2012, 01:15:18 PM
Scammer tag has been given to Matthew
Now that he has a scammer tag, he doesn't need to pay. Brilliant. September 09, 2012, 01:14:01 PM
This slew of scams, however, makes me wonder if people are stupid enough that they need the regulations and consumer protections. Very troubling.
You are only hearing from the vocal minority on one forum. There are plenty of legitimate Bitcoin transactions between responsible people every day! We simply don't go posting ten threads about every successful transaction on the forums.
and not in a single case were there any repercussions.
September 09, 2012, 01:00:15 PM
You are only hearing from the vocal minority on one forum. There are plenty of legitimate Bitcoin transactions between responsible people every day! We simply don't go posting ten threads about every successful transaction on the forums.
+1
Very good point. If you go google about reviews or feedback of pretty much any kind, you'll soon find out that the complainers are much more vocal than those that had a good experience. This same effect is very clear in the Bitcoin world, scams attract a lot of attention and business as usual doesn't.
September 09, 2012, 12:58:15 PM
The history of the stock market and ways in which people ran their stocks and the insider trading and things of the such are identical to whats happening with bitcoin now..
All the old tricks are new again, and unregulated..
All the old tricks are new again, and unregulated..
September 09, 2012, 12:52:51 PM
[removed a huge quote pyramid]
So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.
So, what's the difference? Why all the BTC scams?So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.
Because people voluntarily hand their CASH over to random internet identities.
What non-bitcoin cash like systems are there?
Liberty Reserve? Plenty of the same scams and HYP nonsense around Liberty Reserve.
As long as people will hand scammers giant piles of irreversible cash there will be scammers. That simple.
September 09, 2012, 12:40:29 PM
[removed a huge quote pyramid]
So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.
So, what's the difference? Why all the BTC scams?So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.
Because people voluntarily hand their CASH over to random internet identities.
What non-bitcoin cash like systems are there?
Liberty Reserve? Plenty of the same scams and HYP nonsense around Liberty Reserve.
As long as people will hand scammers giant piles of irreversible cash there will be scammers. That simple.
September 09, 2012, 12:38:37 PM
Perhaps we can refer to Matthew as Atlas version 2?
LOL
LOL
Atlas 2 is already MINE !. Matthew would need to be Atlas 3
September 09, 2012, 12:36:48 PM
[removed a huge quote pyramid]
So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.
So, what's the difference? Why all the BTC scams?So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.
Because people voluntarily hand their CASH over to random internet identities.
September 09, 2012, 12:35:51 PM
Perhaps we can refer to Matthew as Atlas version 2?
LOL
LOL
September 09, 2012, 12:33:23 PM
I bet there will be a repeat of the pirate-default. A lot of FUD and then nothing.
Exactly. What will happen when Matt doesn't pay? Nothing at all. And THAT is his lesson to the community.
No, the lesson is don't be stupid with your money [...]
If you want to pay someone to protect you with charge back functionality, let me direct you to some of these fabulous services.
https://www.paypal.com/
http://www.mastercard.com/index.html
http://usa.visa.com/index.html
So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.
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