aq - You are either insane or complicit. The whole point of punishing the individual(s) is so that they are very much deterred from doing the same again. A theif has lost nothing if all he does is give back what he stole, therefore inviting more theft.
Because punishing works perfectly, as we can see all over the world. There is not a single crime happening in the real world, because of punishing...  You must be living in some fantasy world, wake up and face reality. Bitcoin is money, and there will always be someone who tries to steal it, regardless of punishment. |
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As a matter of justice, decency and deterrent, Zhou should turn over any and all of "Chens" details regardless of wether the funds are returned. The theif needs to be hunted down and brought to justice, otherwise the community invites more thefts.
Actually it would be great if this behavior would invite other thiefs to also return the funds. |
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Nice! However, can you explain by what criteria this is, hm, sorted? It seems in almost random order. |
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Since BTC has gained in value against everything, the real interest rate is actually much higher than 3000%
I agree, both combined is the best deal one could get  |
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very graphic, but to be honest this doesn't make me wanna by more bitcoins.
Actually, judging from your postings you are a real bear. And I am sure that is why you have never bought any bitcoins. They can always only go down, according to you.  |
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What else can they do? They gone all in and sometimes even more than that. They bought too high and have no chance to sell back. So they are spamming like a boss in the hope someone else looses his sanity and buys in.
FTFY Seriously the forum has been so much full of Bullish posts that this lone bear thread is almost refreshing. And what do you think will happen with that lone bear in the middle of a very huge running bull herd? Exactly, he will be trampled to death. Makes me feel sad, because as we know, in reality this is most probably not a lone bear, but some bull in a bear costume. |
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But the whole method is vain. Even if a child-murdering scammer Nazi posts a valid argument, it's still a valid argument. To someone who judges books by their cover, everyone involved in this discussion looks dubious, and that's okay for the time being. Micon isn't saying "Trust me, I have the better investment." He's saying "don't trust people too easily."
Micon has no clue about the BS&T business, so he "judges books by their cover" and claims, trust me, I know it is a ponzi. Actually, you do exactly the same. Anyway, if you trust him so much, install yourself his trojan/backdoor by visiting his site. I am sure Micon has only good intentions with your computer  |
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See, everyone is free to invest with BS&T, no one is forced to do it. The conditions and terms are here. If you don't like it, don't invest. The great thing about Bitcoin is that it is about personal freedom I completely agree. and the last thing we need is to replace government oversight by some Micon/JoelKatz oversight. Well, that's where you're wrong. *Precisely* what we need to do is replace government oversight with private oversight. Did you see the government doing anything about Madoff? They were practically a co-conspirator. It was private individuals who noticed how perfectly Madoff fit the profile of a Ponzi scheme who sounded the alarm. Sure, someone that has absolutely no clue about BS&T (ie you) will oversight my decision whether or not I investigate. No way! I am very thankful that Bitcoin is freedom, I can make my own decisions based on my own due diligence. I don't need no oversight. Advice? Why not, I am free to ignore it, and still make my own decisions. In contrast your perfect world: Government/JoelKatz don't like wikileaks? OK, so I am no longer allowed to donate. Micon/JoelKatz don't like pirate? OK, so I am no longer allowed to invest. See, they way you put your arguments, I think you are/where a huge SolidCoin fan, because they had exactly what you desire - central oversight. Mind you, it failed for the very same reason. |
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Bitcoin had some -10000% inflation over the last few years. Now good luck fitting Bitcoin into your fiat world view.
It is the obligation of everyone who asks other people for money to ensure that the people giving them money understand the terms under which they are taking that money. If you can't fit the arrangement into their world view, you have no business taking their money. In any event, there's no conceivable way anyone could pay those kinds of interest rates on borrowed funds denominated in Bitcoins while the price of Bitcoin is shooting upward. The only way to sustain those kinds of interest rates for months is if the exchange rate is relatively stable. See, everyone is free to invest with BS&T, no one is forced to do it. The conditions and terms are here. If you don't like it, don't invest. The great thing about Bitcoin is that it is about personal freedom, and the last thing we need is to replace government oversight by some Micon/JoelKatz oversight. |
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However, BS&T displays a vast number of red flags. Personally I'm of the opinion that if you're going to loan someone several million dollars (as the members of the forum effectively have) then you should have substantial evidence of their ability to pay it back...
Is this trojan an attempt of Micon to find out what pirate does? Maybe he hopes that he can infect pirates computer that way. Still, this is criminal behavior, and should be prosecuted. If it's the same Micon, then sure. For moment, can't we just report it to the host? According to Micon himself and the actual pictures of him on the web site, yes it is the same Micon. Feel free to report it here: http://www.ic3.gov/complaint/default.aspxRegardless, the trojan has no bearing on the red flags that make BS&T look like a likely ponzi op.
Maybe ppl should stop judging by the look, because otherwise Micon would be guilty for almost everything |
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And, for good measure, those who gain from the scam are gaining stolen wealth. Depending on how deeply they are involved, they may belong behind bars as well. "I did not know what the pirate was doing," does not count as an excuse. I am saying it here. If you read it, you know.
Not sure if that is true morally, or legally. How do you come up with these things? Depends where in the world you live, for some members it's certainly true. LOL, "Mr pirate, I sentence you to 10 years Gulag for paying too high interest rates." Presuming he can pay everyone back, then the minimum would likely be an IRS investigation Presuming he is not paying his taxes, can you estimate how much Bitcoins he will have to pay to the IRS? |
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Wow, bears trying to spam off and hide the massive multiple buys up to $12.17ish just now? Waiting for that wall to disappear, any hour now...
Now what else can they do? They have sold it all, and have no chance to buy back. So they are spamming like a boss, in the hope that someone will lose his sanity and sells. |
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And, for good measure, those who gain from the scam are gaining stolen wealth. Depending on how deeply they are involved, they may belong behind bars as well. "I did not know what the pirate was doing," does not count as an excuse. I am saying it here. If you read it, you know.
Not sure if that is true morally, or legally. How do you come up with these things? Depends where in the world you live, for some members it's certainly true. LOL, "Mr pirate, I sentence you to 10 years Gulag for paying too high interest rates." |
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Fredyy, do you know why it took your bank more or less 2 days to actually do the transfer?
According to your screenshot you initiated the transfer on Aug 10, but the bank list the entry as of Aug 13.
I initiated the SEPA Wire-Transfer on Friday evening, but because of the weekend it has been processed yesterday as we all know Mt.Gox need their time^^ I think the money will be on my Mt.Gox Account tomorrow or the day after tomorrow, so i can pay it back very soon. Sorry, haven't thought about the actual weekday. However, SEPA takes usually only 1 day, and AFAIK MtGox takes only time for withdraws, so it could be that you will have it on MtGox today in the night, which is in fact tomorrow at MtGox (Japan). |
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Anyway, the pirate investment works in weeks, hence 7% a week. BS&T pays the interest every week, not every year. So you can withdraw after a single week, and still have those 7%. Regardless of the frequency with which interest is paid, the rate should be quoted on a yearly basis. Annualized rates permit apples-to-apple comparisons both to interest rates on other instruments and to inflation rates. Many countries require interest rates to be specified in this forum to prevent precisely this type of deceptive description. Bitcoin had some -10000% inflation over the last few years. Now good luck fitting Bitcoin into your fiat world view. |
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7% is not that easy. However, if your not too greedy and accept 6.9%, now, that is easy! Send your coins to bitcoinmax, and withdraw after a week. Voila, 6.9% for you.
For the math-challenged, that is 3,100% per annum. Of course the crooks won't ever say that, because they are after the kids who skipped maths at school. Bitcoinmax is an integral part of the BullShit Trust Ponzi scheme. Oh, I see that some math gurus have troubles thinking in weeks. Anyway, the pirate investment works in weeks, hence 7% a week. BS&T pays the interest every week, not every year. So you can withdraw after a single week, and still have those 7%. Of course, Micon/hgmichna will claim that pirate will ponzi steal those coins out of your wallet, even after you have successfully withdrawn them. |
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Fredyy, do you know why it took your bank more or less 2 days to actually do the transfer?
According to your screenshot you initiated the transfer on Aug 10, but the bank list the entry as of Aug 13.
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I'm getting paid 6% PA from my bank for year. Would love to be getting 7% per week.
7% is not that easy. However, if your not too greedy and accept 6.9%, now, that is easy! Send your coins to bitcoinmax, and withdraw after a week. Voila, 6.9% for you. |
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However, BS&T displays a vast number of red flags. Personally I'm of the opinion that if you're going to loan someone several million dollars (as the members of the forum effectively have) then you should have substantial evidence of their ability to pay it back...
Is this trojan an attempt of Micon to find out what pirate does? Maybe he hopes that he can infect pirates computer that way. Still, this is criminal behavior, and should be prosecuted. |
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On the contrary, when it comes to Ponzis, a lack of evidence of anything is evidence of a Ponzi. It's also extremely easy to disprove if it's not a ponzi. As it is, there is no evidence that a business side of BS&T even exists. If I'm wrong about this, let me know.
Well, there are quite a few respected members of this very forum, that know exactly about the BS&T business. You being a Moderator, did you even think about asking them privately before making your ponzi accusations? |
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