BurtW totally deserves the scammer take.

multiple PPT bonds, put "Pirate is not a Ponzi" in his signature while knowing damn well it's a scam in the hopes of tricking the low-hanging fruit into shipping more BTC. 

he continues to troll the scam-victims with this shameful shill thread created right before the Pirate collapse:  https://bitcointalk.org/index.php?topic=97094.msg1178786#msg1178786 

profited small while helping the largest BTC scammer in history profit $5M+ and doing so while knowing what he was doing the whole time.  Extremely deserved scammer tag.

[AND]

I kicked this idea around on DD Radio yesterday, and I've decided to sell some of my Matt bet.

The Bet Thread:  https://bitcointalk.org/index.php?topic=101751.0
Bet discussion thread: https://bitcointalk.org/index.php?topic=102918.0
Bet spreadsheet showing all bets vs. Matt:  https://docs.google.com/spreadsheet/ccc?key=0Ajtx05YrHtIydFVHcGxLOExTbnhqajJLZmlSZUNtM3c#gid=0

It's going to work like this:

-- You are betting that I win the bet AND that matt pays me
-- If Matt pays me, your bet wins
-- I am paying 1.5-1 for this bet, i.e. if you send me 10 BTC, and we win, I will send you back 15 BTC.
-- I am offering you 1/2 the odds I have on the bet with Matt.  Obviously if you bet with Matt directly you will get 2x better odds than betting with me, but you would avoid a situation where Matt paid me and a handful of others, but left some people unpaid - you are directly betting that I paid - i.e. you are directly buying a portion of my exact bet with Matt.
-- You must send coins to me first, i.e. you must post with me to bet.   Please do not send coins until I confirm the bet.  You will have 5 hours to send the coins after I confirm. 
-- I reserve the right to cut this off at any time.

While I am 99.999+% confident that I will win the bet,  I'm not 100% sure that Matt will pay, and while I would like to believe he will, I'm taking this opportunity to minimize my risk of him not.  I plan on only selling 100-200 or so of this bet, and keeping the bulk of the exposure myself. 

IN ORDER TO PROPOSE A BET TO ME, PLEASE POST:

amount
Hash to send winnings if Matt pays me
optional comment

IT SHOULD LOOK LIKE THIS:

10 BTC
15GJy9N7LLxCzSqF37kDA29zVEDTz7muGC
OMG I think we got this 1 Micon!!!111 hope he pays!!

*** Please do not send any coins until I confirm your bet ***

If I do confirm yours, please send coins here:

15y1oNb6FT3qYMt41PEUzzJFsoQ9Ha8tXL


Thanks and GL all!

1)  this is not the correct name for high-interest borrowing scams

2)  in the wake of BCST, are you guys going to really keep this stickied here???  https://bitcointalk.org/index.php?topic=81542.0    This is simply a list of Ponzi schemes that a long time users is saying have "AA" credit ratings and whatnot.  This is totally, 100% unacceptable - didn't we just do this?  This forum shouldn't give free advertising to scammers IMO.

3)  https://bitcointalk.org/index.php?topic=105285.0  I am going to dissect each still running Ponzi.  Can't let them get away with it again, can we?

[Ponzi Schemes & Similar Scams]

In response to this post:  https://bitcointalk.org/index.php?topic=81542.0  by PatrickHarnett which is was stickied in the "Long-term offers" section, a misnamed Ponzi-corner of this forum which contains nothing but scams.  Well I was right about BCST and I'm going to be right about all these too.  Here are a bunch of Ponzi Schemes, all are poorly executed and all follow the standard Ponzi 101 model of having a totally obscure business plan with a totally outrageous interest rate.  I will be making spreadsheets for each scam showing why they cannot pay the outrageous rates.


Ponzi Schemes & Similar Scams

User_name	Weekly	Monthly	Since	Credit Rating	Notes	Link
Capital One Corp (lol)	~6%	-	?	F	PONZI	https://bitcointalk.org/index.php?topic=109883.0
Sky Deposits	1.25%	-	?	F	PONZI	https://bitcointalk.org/index.php?topic=108965.0
Mybitcointrade	5.00%	-	?	F	PONZI	https://bitcointalk.org/index.php?topic=81357.0
RustyRyan	3.00%	-	28-Jul-12	F	PONZI	https://bitcointalk.org/index.php?topic=96163.0
smart/ziggy	-	11.1%	May-12	F	PONZI	https://bitcointalk.org/index.php?topic=81357.0
vescudero	1.50%	-	Jun-12	F	Seems to have paid back his small ponzi to create trust for next scam	https://bitcointalk.org/index.php?topic=89122.0
Chungenhung	1.36%	6.0%	Jan-12	F	PONZI	https://bitcointalk.org/index.php?topic=56853.0
Starfish BCB	1.00%	4.4%	Jan-12	F	PONZI	https://bitcointalk.org/index.php?topic=61262.0
Kluge	0.97%	4.25%	Mar-12	F	PONZI	https://bitcointalk.org/index.php?topic=67446.0

Honorable Mention:
Dank and his various, odd scams that even the guys that got rolled by Pirate wouldn't invest in

[In order for you to win the wager:Pirateat40, Bitcoinmax, and all BurtW-run Pirate Pass-Throughs bonds must pay all obligations in full by 9/1/2012 at 1:11am PST. If any one account on any one site goes unpaid then I win the wager.]

Here is a wager that I am making available that I encourage everyone not to bet me, but I will bet anyone that wants after this warning.

If you think that Pirateat40, a user I believe to be at control of the largest BTC Ponzi in the history of Bitcoin Will make good on all of his obligations to all parties and those parties will then meet all of their obligations to their parties then I will offer you a 1-to-1 wager on any amount.

The terms of this bet, if anyone chooses to make it, are as follows:

-- you must send bitcoins to:  1Jy5Ss8BprE2LHdTfj3KS2wvAm2KaF1zm9  to bet me.  I don't know any of you very well to take any chances.  I understand this may turn you off from betting me.  I'm trying to do so by making this an almost air-tight bet for me to win.  IMO the terms are extremely favorable to me and extremely unfavorable to anyone stupid enough to bet me.  So if you want to bet me still, send coins to the above hash.  No I'm not going to repeat it.  

-- I will accept a bet of any size.  Literally any size.  Send 5% of the total bitcoins in circulation to my hash like you guys did to Pirate. I don't care go ahead ship it.   I can accept any amount wagered

In order for you to win the wager:

Pirateat40, Bitcoinmax, and all BurtW-run Pirate Pass-Throughs bonds must pay all obligations in full by 9/1/2012 at 1:11am PST.  If any one account on any one site goes unpaid then I win the wager.

I will be the sole arbiter of this wager.  I am extremely fair and if you do not think so then don't bet me.  The answer to settle this bet will be extremely obvious either way. All accounts.  All Pirate Payback.  I hope you guys have learned your lesson from this and do not bet me.  It's throwing away BTC if you send them to my hash above.  Don't bet me, but I will of course accept all bets if after this you still want to bet on Pirateat40.

 Payb.tc has locked the original BitcoinMax thread https://bitcointalk.org/index.php?topic=83904.0   

1)  Mods this should not be allowed.  There is a major "possible" scam going down that Payb.tc helped perpetuate in one of the largest ways possible and discussion of BitcoinMax is extremely relevant at this time.  Pirate pulled a similar move with his thread so he could not be discredited with logic and reasoning and continue to scam another week or two.

2)  Let this thread serve as discussion about BitcoinMax while the original thread is closed.

My personal thoughts on this matter:

-- it is extremely scummy for Payb.tc to lock the thread preventing discussion at this critical time
-- Payb.tc said something that made me understand why he is so mad

Q. does everyone think 100% of my BST account belongs to 'bitcoinmax' and has had no other (private) cashflow whatsoever?

yikes.  So at this stage it is reasonable to assume that not only did Payb.tc gather up all the smaller monies to send to Pirate in 1 big payment each week ("small accounts welcome" - remember?) in addition to doing that amazing task for the scammer he also sent him a bunch of his own BTC and now has to deal with guys like me pointing out that he is scumbag for now not revealing the true size of his BCST account.   I feel this information is extremely relevant.  The biggest BTC debtor to date must owe a sick amount of BTC - maybe even as much as 5% of it - to the community - weather he pays or not, it's important to gauge the size of his obligation to better manage expectations no matter which side you are rooting for.

[Scammer Hall of Fame]

I'm going to categorize scammers into how bad I think they are.


BTCBTC Scammer Hall of Fame BTCBTC
this group is reserved for only the worst, largest, filthiest bitcoin scammers.  Massive ponzi, large BTC theft, large single or distributed scumbagging (borrow and don't repay)

1)  Pirateat40 (still operating Confirmed scumbag, possible 500k BTC theft ($5M when stolen) ) DONKDOWN -> http://www.wired.com/wiredenterprise/2013/07/sec-says-man-named-the-pirate-was-running-bitcoin-ponzi-scheme/ & http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.Ue8JvEHYB8H
2)  Bitcoinica Hacker 1 (anon)
3)  Bitcoinica Hacker 2 (anon)
4)  MT Gox Hacker (anon)
5)  Alberto Armandi --> https://bitcointalk.org/index.php?topic=93445.msg1205151#msg1205151
6)  PatrickHarnett (credit ratings promoting other scammers, ponzi running himself, still operating)  https://bitcointalk.org/index.php?topic=61262.0
7)  vescudero (ponzi) https://bitcointalk.org/index.php?topic=89122.0
 RustyRyan (ponzi)
9)  Hashking (ponzi)
10) mybitcointrade (ponzi) https://bitcointalk.org/index.php?topic=81357.0  https://bitcointalk.org/index.php?action=profile;u=62023  
11) nckrazze (ponzi)  https://bitcointalk.org/index.php?topic=81927.0


Lower Level Scammers
this group is reserved for the Ponzi affiliates (pass-throughs), smaller BTC scams and thefts,  & small BTC scumbagging.

1)  Payb.tc ($1M+ USD Pirate pass through,  top affiliate of the top BTC scam ever)
2)  BurtW  (outspoken PPT affiliate, wrote "Pirate is not a Ponzi" in his sig, blindly promoted the scam)
3)  Dank (where to start.  lovable little stoner-scammer with half-baked scams to get you to send BTC)

[Micon's list of obvious ponzi schemes you should never send BTC to and get back all you can if you already did:]

Micon's list of obvious ponzi schemes you should never send BTC to and get back all you can if you already did:

1/14/2013 Update

MICON'S #1 CURRENT BTC SCAM:  
Butterfly Labs 
Dedicated thread: https://bitcointalk.org/index.php?topic=136392.0


-------------------------  First Wave of BTC Ponzi's, All went boom by Q4 2012 -----------------------

1)  Bitcoin Savings and Trust is the largest BTC Ponzi. Likely $1M+ USD scam -- https://btcst.com/login   - https://bitcointalk.org/index.php?topic=50822.1480  - (how is this locked!?)  BS&T is very soon going to be the largest BTC theft ever (posted 7/27/2012)  BS&T is run by pirateat40  --> https://bitcointalk.org/index.php?action=profile;u=35827 and he is openly mocking his "investors" with this username and the name of his scam.  At least this will add much lulz to the greatest BTC theft story when it's written.

2)  MyBitcoinTrade  - Classic Russian Scammer background - https://bitcointalk.org/index.php?topic=81357.0  & their lol-tastic FAQ  https://mybitcointrade.com/en/?content=/intern/faqs  - this has been elevated to #2 on my list (7/27/2012) as it is independant of Pirateat40's BS&T ponzi

3)  vescudero's Ponzi Scam - https://bitcointalk.org/index.php?topic=89122.0  active in this thread, let's see how he claims to pay 2% interest and still wants investors for this great money making thing he does.  Has set up many fake accounts, twitter, linkedin, facebook, "personal" website with non-personal content.

4)  NCKRAZZE's Ponzi Scam  - https://bitcointalk.org/index.php?topic=81927.40  - standard vague business unit plans, just deposits and payouts until he decides to leave (

5)  BitcoinMax (simple derivative of BS&T) - operator states in FAQ that if BS&T defaults then his version dies too.  Shameful to run, but honest) https://bitcoinmax.com/

6)  Leandro César's Ponzi Scam - https://bitcointalk.org/index.php?topic=46750.0 (active in thread)

7)  Dank Bank ponzi scam  https://bitcointalk.org/index.php?topic=93003

 ciuciu's ponzi scam https://bitcointalk.org/index.php?topic=87780.0

9) OgNasty's ponzi scam https://bitcointalk.org/index.php?topic=75843.0 (has claimed he will start giving deposits back and focus on his mining company, let's see)

10)  RustyRyan's ponzi scam  https://bitcointalk.org/index.php?topic=96163.0

11)   imsaguy's ponzi scam  https://bitcointalk.org/index.php?topic=60117.0 (guy isn't even trying in his OP - at least tell your marks that you are trading great or something)

12)  Joker's scam  http://jokerdragonbtcif.blogspot.ca/

GLBSE investment products linked to Ponzi scams you should not invest in:

1)  BurtW's BCST ponzi derivative bonds https://bitcointalk.org/index.php?topic=76594.0 https://glbse.com/asset/view/PPT.A https://glbse.com/asset/view/PPT.B https://glbse.com/asset/view/PPT.C https://glbse.com/asset/view/PPT.D https://glbse.com/asset/view/PPT.E

2)  Bitdaytrade (3% per week) https://bitcointalk.org/index.php?topic=93445.0  https://glbse.com/asset/view/BDT

3)  FOO.PPPPT -- https://bitcointalk.org/index.php?topic=83013 - https://glbse.com/asset/view/FOO.PPPPT - another shameful pirate passthrough, just dumping even more money to the biggest BTC scammer to date.

4)  CIUCIU.BOND https://bitcointalk.org/index.php?topic=95826.0  another shameful scam offering from ciuciu




a good list of ponzi's, pass-throughs, and other scams I may have missed:
  
https://bitcointalk.org/index.php?topic=81542.0
  

Bitcointalk.org is doing the bitcoin community a huge disservice to list these Ponzi's under " Economy > Marketplace > Lending" - this gives them amazing credibility to new, young BTC users.  They should be listed under " Economy > Marketplace > Ponzi Schemes" so new users are aware of the scam and can take part if they wish.  Yes, it's odd that ppl take part in something they know it's a scam, but the BTC currency doesn't determine right or wrong, scammers are gonna scam, and there are people that want to be scammed, so might as well categorize as such.  And please reserve the marketplace > gambling for legitimate gambling products like SealsWithClubs and SatoshiDice - not for outright scams.  

I am a 33 year old poker player & entrepreneur.  I have been scammed and know how to spot scams.  I run a poker forum and podcast called DonkDown and I out scams against the poker world as much as I can.  I know most BTC users are still very young.  Nothing can pay 6.9% per WEEK (lols at the balls needed to print this).  Let alone something that does nothing.  It's called a Ponzi Scheme, it's been around for years, only the site owner and a very small % of early "investors" make a profit.

please take the time to read about the scam and realize it's totally the same scam, just using BTC:  http://en.wikipedia.org/wiki/Ponzi_scheme

Think about it logically:

-- here are some traditional "high interest" savings account rates.  They are around 1% per year.  http://www.getrichslowly.org/blog/2007/03/21/which-online-high-yield-savings-account-is-best/
-- these schemes take in "investment"
-- they have no underlying business machine that makes money
-- they pay out an outrageous rate of interest - 7% per week - a full 3000% per year!  it's a totally impossible scenario unless they Walter Whiting up some glass quality and selling it
-- some may claim to be "trading" or "investing" in other things, but they are doing nothing other than seeking new investment to keep paying the insane interest
-- They use new investment to keep paying the interest until new investment < interest owed that week, or month, or at a point where they believe it to now be -EV to keep paying the interest.
-- most will lose, except the site operators and a small % of early "investors" - massive pain will be felt through the BTC community
-- this will likely be the largest BTC scam or theft ever, surpassing both Bitcoinica hacks and the Gox craziness of last year and that 1 other I'm forgetting about

This is a huge negative on the community financially and for bitcoin itself.  This also makes a mockery of the Marketplace > Lending forum category.  Real, actual, BTC lending at traditional time-value of money rates should be legitimate BTC business.  Most of what I see here is nothing but disgusting scammery that is all falling apart extremely soon and will become the next "giant BTC theft" story.


*** Note:  Considering categorizing lending scams into Ponzi, Ponzi derivative, multi-investment fund with exposure to Ponzi (and occasionally mining, which has a legit business unit that could profit) and we will for sure need an "Other" category in the future.

Hi.

Got a project.  Are you the likely youngish genious web designer / programmer I'm looking for?  would love to make you rich / start with a redesign / prove to me that I can't live without you.

hit me on skype: bmicon

paying BTC and paying well for good work

-/\/\icon

Hey guys,

I'm totally enthralled with bitcoins.  I want to buy some with paypal and immediately start firing on Dragons.tl.

My name is Bryan Micon, my twitter is www.twitter.com/bryanmicon and I run a poker forum called DonkDown.  I am a pro poker player and can prove that I am very trustworthy and will not scam you.  If interested in unloading some bitcoins for my paypal, please skype me at: bmicon

I am playing a handful of WSOP tournaments over the next month but I'll skype you back when I see it.  I can do whatever you want to prove I am Bryan Micon, and you can google me and see I am very legitimate.

thanks,

-/\/\icon