He was the main voice on this forum calling pirate a scam
You are very much confused. April 17th, 2012: I would be more interested in how many reserves the "trust" still has. E.g. what would happen if the 10 biggest accounts cash out at the same time. Right now. This. Scenario. I. Buy, borrow or steal 1k btc. II. Open Krakken Bank of Bitcoin, October 1st (as we all know krakken eat pirates). Offer 7% per week to investors. At this point it makes sense strategically to open it only to "selected" investors - most everybody isn't interested anyway so you gain some "mystique" that costs nothing. III. 1st of November. Collected a few hundred in principal, paid maybe 10-20 BTCs from your 1k. BuKK stands at a few hundred btc invested + the goodwill of paid investors, you stand at ~980 BTC. IV. 1st of December. Collected about 1k BTC in principal, paid ~200 BTC from your 1k. BuKK stands at 1k invested, buzz is starting to fly. You're ~750 BTC. V. 1st of January. Collected 2-3k BTC, paid pretty much the remainder of your original balance. Start making little noises here and there about how you "own" the bitcoin market and delicately suggest to people that your moves actually have any impact (a ludicrous concept, but it served the bankers of old fiat well). VI. 1st of February. Things start to balloon from here. BuKK principal is easily over 10k BTC, growth rates in the 10 to 20% range each week. Replenish your original 1k with some fringe just in case, pay the suckers their "interest" from the growth rate like any serious pirate/krakken/anything else designed-to-fail ponzi scheme. Do a lot of mouthing about imaginary investment opportunities irl or at the irl/btc interface that somehow magically net you what no business in the ~1000 years of business history ever made and each hyip in the ~10000 years of hyip history always claimed.  VII. Fail. A well, certainly not the first time, certainly not the last time, it's a pity to let a sucker keep its bitcoin and all that. Not like any lessons are liable to be learned or anything of the sort. What's that, June? September? May? Heck, with a little luck it might even survive till the reward halving. : In 2010, the Financial Industry Regulatory Authority (FINRA) warned that "[t]he con artists behind HYIPs are experts at using social media — including YouTube, Twitter and Facebook — to lure investors and create the illusion of social consensus that these investments are legitimate."
[...]
Some HYIP operators opened their own digital currency companies that eventually folded; these companies include Standard Reserve, OSGold, INTGold, EvoCash, and V-Money.
[...]
The largest documented HYIP scam was OSGold, founded as an e-gold imitation in 2001 by David Reed. OSGold folded in 2002. According to a lawsuit filed in U.S. District Court in early 2005, the operators of OSGold may have made off with USD $250 million. CNet reported that "at the height of its popularity, the OSGold currency boasted more than 60,000 accounts created by people drawn to promises of "high yield" investments that would provide guaranteed monthly returns of 30 percent to 45 percent."
[...]
The second largest documented HYIP was PIPS (People in Profit System or Pure Investors). The investment scheme was started by Bryan Marsden in early 2004 and spanned more than 20 countries. PIPS was investigated by Bank Negara Malaysia in 2005 which resulted in Marsden and his wife being charged in a Malaysian court with 97 counts of money laundering more than 77 million RM, equivalent to $20 million. Even after these charges were brought forth, many of Marsden's followers and investors continued to support him and believe they would see their money in the future. There is no 7% a week. Deal with it. Don't be surprised if these guys run off with a bunch of people's money, then play the blame game.
You're late. A legitimate business has a reputation to defend, which is why a legitimate business wouldn't hire a freak like Josh to insult its customers. A scam, though, might hire a professional troll to disrupt discussions of its misdoings by making outrageous posts. The hope would be to distract from the real discussion onto whatever crazy thing the troll said.
Of course, it takes a special kind of stupid to make that trolling an official part of your business.
This all depends. No legitimate business defends itself or its reputation from the onslaught of idiots, it's much cheaper and much more effectual to just call them idiots and let them be. Consider the numerous early threads about me "pedaling" and whatnot. So in this strategic sense BFL did the right thing. The fact that they're rather competent doesn't mean they're not scammers, however, it just means they're competent scammers (which we, as well as the US Penitentiary System already know). The fact that you ascribe stupidity, incompetence and "all the bad things" to some entity that has hurt you by taking advantage of your manifest, marauding stupidity and then proceed to disregard both fact and reason in a ridiculous attempt to "prove" the nonsense through some painful contortions is nothing more than proof of the same thing: you're fucking dumb, and that's what dumb people do. It's not however how thinking works, and if you're wondering that's why I get to call you stupid to your face, put it in writing, sign it and get away with it: because you actually are. |
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We have no connection whatsoever with the infamous bitcointalk troll 'atlas'.
Good name then. |
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Holy crap... I have to say you get +1 intarneckz from me. You made me laugh, feel a little bad for Smidge, and then laugh again. Doesn't happen often so you're definitely awesome.
(No offense to Smidge... I loved his/her reply regardless of who it was directed at. On that note, I copied it into a text file for further enjoyment in the future)
I guess I'm gonna end up charging per post. |
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Why you think it is a scam when it is visibly progressing is beyond me but some people
Much is beyond you. For instance the definition of "visible". Or the problem with your talking about "some people". It never stopped and membership is growing faster than before. Not everyone shares the opinion that this isn't legit.
It's a mystery how this thing started months ago and was growing extraordinarily fast even then, right out of the gate. After which it just kept growing faster and faster and now even faster than before!!! and yet not a single person in BTC has anything to do with it. Well...with the exception of the few people who come here to point and laugh. Keep growin'! Soon enough over 10 bn members rite? |
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Quote from BitcoinFlush:Hi guys, ladies, As Lavafish isn't here and there are some things stated technically incorrect, as CEO of SatoshiPoker I would like to rectify some things in the original post. Lavafish should have chosen some words more carefully. Ukyo is not managing this asset at all, he has just facilitated the preparations on bitfunder and guiding us to the IPO. It is however incorrect that he states that the asset didn't get final approval yet. We just don't feel right now it is the right moment to make the IPO as within 2 to 3 weeks we can IPO against a way better share price than we can now, and we have a responsability to our investors to find the best price possible. As I feel now Ukyo is not entirely happy about our company being listed there I will start the dialogue to see other options like a possible passthrough. In the end, in Holland securities regulations don't apply to bitcoin investment so it might be beneficial to take this load of his back or even not IPO'ing at all. I have no intention of having this discussion in public and will take that up with Ukyo personally. About our company and servers: The company is officially listed as a Dutch BV where bitcoin poker is considered legal as long as the company doesn't exchange or hold fiat currency. We have already registered the .co domain as .org is linked more to the US than we previously assumed and within at most a week our servers will be in Holland; to avoid any misunderstandings about where our company is listed. Some people question the valuation of our company. Our company valuation is based on 3 factors: 1. The current revenue the company produces 2. The current and potential growth 3. The future potential of an IPO on bitfunder 1. Current revenue Our company is making profits already and does not have any debts. As opposed to loaning, we decided to sell some equity to some reputable private investors within the bitcoin community. We do consider our players base a comapany asset as this is creating our revenue and with over 50 people online during preak hours, we are not far behind taking over market leadership. As we look at the traffic report delivered by current market leader SealsWithClubs to Pokerscout.com ( http://www.pokerscout.com/SiteDetail.aspx?site=SealswithClubs&ab=118452507) it is clearly visible that at our current growth we would need at most two weeks to catch up on them. To visualize what that would mean in terms of revenue can be seen in this forbes article: http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/. 2. Our current and potential growth For two weeks in row we have quadripled in turnover and profits and considering the upcoming marketing there are no signs of slowing down our progress. Our 2+2 thread can launch any minute, we will have exclusive listing on pokeraffiliatelistings as only bitcoin pokersite and we have a massive amount of other advertisement in preparation. Besides that, Satoshi Poker has gone viral, getting mentioned in almost any poker news website online. Given this fact, we project we don't slow down anywhere soon; I think we might even further excellerate and claim marketleadership in at most 2 to 3 weeks. With bitcoin being the ultimate casino chip giving us the opportunity to operate within fenced markets where other poker sites can't, and being the first pokersite to have completely automated deposit and withdrawal functions we believe there is no reason why we should remain a pokersite for bitcoiners only. We aim to become a mainstream site. We are already developping systems in which customers from specific countries can make an instant deposit with their online banking system, which is popular in Europe at this point. In that way regular poker players who are less known with bitcoins can make a deposit in the way they are used to without us having to exchange or hold fiat currency of customers. We are making great daily progress and even signed 3 well known regular players from the current market leader as pro's for our website. We are the first bitcoin site who does not want to be seen as a shady construction but as a legit and integer operation. 3. Potential of a bitfunder IPO When looking at the future potential of an IPO on bitfunder, which for now is the earliest exit point for our investors, we can only make a decent analysis by looking at previous IPO's and company valuations. Considering the sale of SatoshiDice, Satoshi Poker will probably be the only pseudo-gaming asset on bitfunder (we are not gaming by Dutch law), amongst some mining farms and a webshop. Considering the fact that Satoshi Dice had an IPO of over 35K BTC in 3 days, selling only 10% of their company; considering that BitPride, a webshop, sold less than 5% of their shares for over 400BTC, considering a financial service called Ziggap did the same for 500 BTC, I think it is rediculous to value a profitable organisation with the growth and potential which we show lower than, with all due respect, a financial service which cooked the books and a t-shirt website which sells some bitcoins on the side. Personally I feel that none of the investors will ever agree to sell any of their shares at an IPO when growing the way we do; even when the moment is there that they can double or tripple their investment. With the speed at which we grow this would be foolish. As CEO and founder of Satoshi Poker I have already committed myself by stating that I will not remotely consider selling one single share at the IPO. The only reason we set up this contruction was to offer our earlier investors an early exit, getting their initial out with a decent ROI and let the remaining equity provide them a monthly dividend. Considering all above, I believe that 8000BTC is an absolute undervaluation of our company. Thats all. Gotta run, I have a mission to lead. This is such a monument of stupid it has to be preserved for future generations. Pro tip: you have absolutely no business dicking around with managing anything. You're not a CEO any more than my cat is a duchess. Lay off the "IPO" pipe and go make yourself useful by picking up a broom or a shovel or something.
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I still estimate at least 10 - 12 business days before I start to see hardware landing over here.
I think this is good news, but I just have to get a cheap point in because someone else will in either case: So, you're ready in two weeks, eh? .b We're working real hard over here, yes. Trying to land a 1 year project on the 'X' is not an insignificant undertaking. Well you DO technically have about 11 months left to beat BFL  So you're the March 2013 edition of boonies4u&co. That's fine, some learn from the experience of others, some learn from their own experience. Either way, same result. |
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Wait, is this actually Atlas?! |
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The checkout does not have SSL!
True Evil. |
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With the SEC charging Trendon Shavers I've been doing a bit of reading on Pirate. There seems to be quite a bit of misinformation out there and a lot of it is just old speculation before details about Pirate's scheme came out. But there were a number of people who seemed surprised that Trendon Shavers was in fact Pirate, and that he was even charged by the SEC.
So the question I have is, has anybody on these forums actually met Trendon T. Shavers in person? There are a couple of pictures floating around that are supposedly him but it would be nice to have somebody confirm 100% that they have met him and believe he is in fact pirateat40.
Also feel free to speculate on the outcome of the court proceedings. My personal feeling is that Shavers will be convicted in some manner but no restitution will ever be paid.
Lurk moar. |
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for the record, all my claims were paid in full.
For the record, my three claims are still pending, I assume. Do they know which claims are yours? If so they may not pay out just because they don't like you. Somebody doesn't like the lumberjack?! But why! He's okay, he sleeps all night and 'e works all day. |
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solid state cloud servers Wait, this is still going?! Lol. Dude could have learned to like, darn socks in this interval. |
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I used addi (Owner of satoshibet.com) to escrow the fact I found the information.
I thought that was the best part. (Btw the fact that I've made this post is escrowed with Mr. Teddy, owner of The Toyhouse Mansion.) |
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You need to dust off the bAsic script. Simply copy/pasting nonsense from last year's iteration of the "failed project" scam to this year's iteration of the "failed project" scam doesn't really cut it. (Not in the sense that there aren't a bunch of last month's crop of noobs to not know any better and post their "opinions" on the matter, obviously.)
"either you're doing something or you're shutting the fuck up" you really love to troll, I think your on a troll roll. http://carryingthegun.files.wordpress.com/2012/09/personal_trollface_hd.pngBuzzscammer needs better socks. |
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I'm in the same boat. Rise a ticket with them at their support site.
Tickets are ignored. PM Bitsyncom here? Meh, their support is really spotty...
PMs are ignored. Also, phone calls and emails are ignored. My lawyer is drafting a letter that will be sent by certified mail to BitSyncom LLC's registered agent in Nevada. There doesn't seem to be any other way to reach them. By the way, forum staff, there are enough of these reports to support a scammer tag. Awww seriously? But Mar 04 03:53:20 midnightmagic dub: And yet ngzhang is one of the most ethical businesspeople I've seen in a long time.
Mar 04 03:53:51 midnightmagic dub: I am not. ngzhang is extremely ethical, or else Icarus wouldn't exist. via. |
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Month old noobs do not make announcements, start funds or any of the rest of the jazz. See here and stfu. Hi Mircea, Been waiting for that one! Even if this was the bible of starting a Bitcoin business, would you care to elaborate in detail what is wrong with our approach? I'm not Mircea numbnuts, and you're not on a first name basis with MP fo sho. Other than that the following is wrong with your approach: you're stupid and unqualified. So stupid and unqualified in fact as to be utterly unable to even notice that you are stupid. And unqualified. PS. I wish idiot noobs dropped this "we" convention they keep pulling out of their ass every time they feel insecure of their footing. There's no "we" in "stupid" and there's no "our" in idiot. There's just tissues and torrents, in both. |
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Bumping this for no reason whatsoever. Srsly.
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Why are you asking the BTC community who here has any real advice to give that can actually be taken with credit and not a grain of salt
im just saying that the situation could have been handled better with people who have more knowledge on the subject than a bunch of speculative investors
Yeah well...crowdsourcing, right? |
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I'm wondering why you are bring up GLBSE... Oh yeah... Negative PR.
What makes you think I was a Chief Supporter? I don't have any links handy quoting any conversations/arguments we had regarding GLBSE shutting down and the events that followed. IIRC I understood/came to terms with why people did not trust the list(s) Nefario released.
Isn't subjective memory a wonderful thing. Here's a tip: you going "oh negative pr" as a pretext to pretend your mistakes are really not either mistakes nor yours is in no way different from the average preteen going "I'm not stupid because you're mean" all over this forum. Try and grow up somehow. |
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Hello!
For the price of 0.00005 bitcoins per bit (OBO), I will construct GPG keys of arbitrary length.
That's right! I can construct GPG keys far stronger than 4096 bits -- I can create keys up to 32,768 bits in length.
WOW your friends! AMAZE your boss!
Keys are guaranteed to be secure -- I have no interest in your stuff, really, and I don't know who you are anyway. Chat soon!
Quoting this because it's pretty much a five line summary of usagi. |
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Month old noobs do not make announcements, start funds or any of the rest of the jazz. See here and stfu. |
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