Matthew -- if this is going to ruin you financially...I don't want to take your money...if not, I'll buy Bitcoin Magazine with the winnings.
1) I love Bitcoin Magazine. I don't even care that my 1st issue took a month - it was amazing - loved the Satoshi origins article. 2) I do not know Matthew very well but it seems like this 1 will hurt no matter what business he is in - I do not feel great about getting what I consider a free 100 BTC from a guy who seems to be generally working for good, but is just dead wrong here. 3) Matt without knowing you very well but hoping to get to know you I advise you stop accepting new bets for a few reasons. First off, they are all going to cost you money and I just watched some youtube video of the bitcoin show and the host had a mighty somber face when that first bitcoin e-wallet rolled everyone for the coins. I don't want the future issues of Bitcoin magazine taking that same sad tone. A second reason you should close betting is because as a function of time your side gets worse and a potential bettor's side keeps getting better. Clearly you won't accept bets 2.7 weeks in with no payment? that would just be giving ppl BTC. Cut of off now IMO, stop the bleeding. When a guy owes a milly on a monday and all he has to say is this: [2012-08-20 18:07:26] <pirateat40> Today is the start of a busy week guys, i'd love to answer all the 200 pm's but can't. I'm around and you'll know when things start to move. [2012-08-20 18:07:30] <pirateat40> pirate out I'm pretty sure it's time to cut off bets and minimize the loss. I'm sure one of the Bitcoin Magazine guys are going to PM you after this. Listen to them IMO. |
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1) payb.tc - this is an extremely serious matter at this point. The first of many deadlines, dates, and "just wait" periods have expired. I want to know the total BTC owed to your accounts. I do not want to know any individual information, and debating me on your exact number of accounts is childish and arbitrary. 373, 367, 400 or 350 is about the same, and judging from the people looking to sell their accounts there were a handful of large holdings. I feel we should know how much in total to better gauge the scale of what Pirate would have to be holding in order to make the orderly return of funds as promised. This is very important information at this stage and can help manage the expectations of your clients. Just a total BTC owed to BitcoinMax from Pirate is the number that I think many in this thread, pro or against, would like to know and the total number doesn't violate any client's privacy.
2) If you are owed ~ 50k BTC from Pirateat40 then it can be theorized that BurtW has a similar sized operation with the pass-through bonds. I recently heard today of other large individual investors that did business directly with Pirate. This is adding up to a large amount, and knowing exact figures would put more into perspective what was already paid out in interest and what is currently owed back as principle.
3) Best guess Pirate Debt right now is ~ $2.4M USD - this is only a guess of course, I know numbers like 500k BTC / ~ $5M USD have been tossed around and that's certainly possible but I think Pirate likes to exaggerate a bit. I further wouldn't be surprised if he owes ~ $800k USD and is claiming $5M - but the point here is that Pirate has the largest BTC debt ever owed - and by a very large margin.
if 373, 367, 400 and 350 are all the same to you then to you micon i say i am owed 150,000 bitcoins, no wait, make that 141,000 bitcoins, err actually i'm owed 194,403 btc... all the same right? keep guessing, i don't owe you anything. not coins, nor facts. again a very childish and arbitrary response. Now it's not just me, but your customers that want to know. This information is extremely relevant to this matter at this exact time, no matter which side you are on. |
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Micon. Why does it matter if you are so sure he won't pay?
It's important to understand the size of the payment that is owed at this time to understand the current stall tactics and to better illustrate the size of this scam when you add up all the personal, direct 5k+ BTC investments, BurtW's operation, BitcoinMax - Could be over $2M+ USD - really no way to properly judge the size. As a major operator I don't understand why you would keep relevant info from all of us - clearly you customers would also like to know the total. Feel free to remove your personal amount if you would only like to give the Bitcoinmax total - but you owe at least that much to your customers at this point - all you can do now is help manage their expectations as honestly as possible. |
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1) payb.tc - this is an extremely serious matter at this point. The first of many deadlines, dates, and "just wait" periods have expired. I want to know the total BTC owed to your accounts. I do not want to know any individual information, and debating me on your exact number of accounts is childish and arbitrary. 373, 367, 400 or 350 is about the same, and judging from the people looking to sell their accounts there were a handful of large holdings. I feel we should know how much in total to better gauge the scale of what Pirate would have to be holding in order to make the orderly return of funds as promised. This is very important information at this stage and can help manage the expectations of your clients. Just a total BTC owed to BitcoinMax from Pirate is the number that I think many in this thread, pro or against, would like to know and the total number doesn't violate any client's privacy.
2) If you are owed ~ 50k BTC from Pirateat40 then it can be theorized that BurtW has a similar sized operation with the pass-through bonds. I recently heard today of other large individual investors that did business directly with Pirate. This is adding up to a large amount, and knowing exact figures would put more into perspective what was already paid out in interest and what is currently owed back as principle.
3) Best guess Pirate Debt right now is ~ $2.4M USD - this is only a guess of course, I know numbers like 500k BTC / ~ $5M USD have been tossed around and that's certainly possible but I think Pirate likes to exaggerate a bit. I further wouldn't be surprised if he owes ~ $800k USD and is claiming $5M - but the point here is that Pirate has the largest BTC debt ever owed - and by a very large margin.
if 373, 367, 400 and 350 are all the same to you then to you micon i say i am owed 150,000 bitcoins, no wait, make that 141,000 bitcoins, err actually i'm owed 194,403 btc... all the same right? keep guessing, i don't owe you anything. not coins, nor facts. Fair enough. I just want to know the total amount of BTC Pirate owes your operation. It seems extremely relevant to both sides at this time. |
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Frankie the language here is once again scam-central, letting the marks down easy, and stalling: from 8/17:[2012-08-17 16:15:10] <boonies4u> pirateat40: will you be daytrading with your own funds after this? [2012-08-17 16:16:15] <pirateat40> boonies4u, Yes I hold personally over 30k BTC [2012-08-17 16:16:45] <Azelphur> pirateat40: is that your personal or the total funds of BS&T? [2012-08-17 16:17:57] <pirateat40> Azelphur, personally. BST is over 500k BTC IMO this is just random lies, look like a baller, boss, and no one asks him why not send back the 30k worth of BTC right now in his personal stash and wait for the "clients" and "unwinding" to send the rest?[2012-08-17 16:18:55] <ErebusBat> pirateat40 does that mean we won't get the tell all we al lwant for some time ? [2012-08-17 16:19:50] <pirateat40> ErebusBat, I've signed a contact to do a tell all with a company. I'm sure you'll see it it soon enough. lolz. A tell all? with a company no less? wow I'm impressed. I heard they signed Don Deluise in 2009 to play Pirate but since his untimely death they are looking for a replacement and it will be an A&E special. It's already in signed contract status with a company, so It's all good. Totally legit / start a bet thread on that too.[2012-08-17 16:46:38] <pirateat40> Although delayed, no one needs to worry about getting coins back. [2012-08-17 16:47:09] <pirateat40> what you should be talking about is what charity we donate to. [2012-08-17 16:52:05] <pirateat40> It will be the community's choice, I'll just cast my opinion. yes, no needs to worry about the guy holding $1M+ USD worth of bitcoin giving them backand from today 8/20 holding all the bitcoins and having promised to start the payout process today he had few words:
(a few other posts of little substance / full text here: http://www.bitbin.it/MKzYy6Bi ) [2012-08-20 18:07:26] <pirateat40> Today is the start of a busy week guys, i'd love to answer all the 200 pm's but can't. I'm around and you'll know when things start to move. [2012-08-20 18:07:30] <pirateat40> pirate out |
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1) payb.tc - this is an extremely serious matter at this point. The first of many deadlines, dates, and "just wait" periods have expired. I want to know the total BTC owed to your accounts. I do not want to know any individual information, and debating me on your exact number of accounts is childish and arbitrary. 373, 367, 400 or 350 is about the same, and judging from the people looking to sell their accounts there were a handful of large holdings. I feel we should know how much in total to better gauge the scale of what Pirate would have to be holding in order to make the orderly return of funds as promised. This is very important information at this stage and can help manage the expectations of your clients. Just a total BTC owed to BitcoinMax from Pirate is the number that I think many in this thread, pro or against, would like to know and the total number doesn't violate any client's privacy.
2) If you are owed ~ 50k BTC from Pirateat40 then it can be theorized that BurtW has a similar sized operation with the pass-through bonds. I recently heard today of other large individual investors that did business directly with Pirate. This is adding up to a large amount, and knowing exact figures would put more into perspective what was already paid out in interest and what is currently owed back as principle.
3) Best guess Pirate Debt right now is ~ $2.4M USD - this is only a guess of course, I know numbers like 500k BTC / ~ $5M USD have been tossed around and that's certainly possible but I think Pirate likes to exaggerate a bit. I further wouldn't be surprised if he owes ~ $800k USD and is claiming $5M - but the point here is that Pirate has the largest BTC debt ever owed - and by a very large margin.
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1)  2) Payt.btc - you claim to have 367 accounts at Bitcoinmax, can you please tell us the average balance or the total amount of coins owed? It is extremely relevant at this point, as I would like to add your operation + BurtW's bonds and get a number. 3) If payb.tc won't give us this info (why does it matter now? what secret must you keep at this point? Pirate will either stall / not pay or just ship it, please post the amount in your Bmax account you are waiting on |
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Matt I sort of just can't believe you are going to fire off so much BTC - almost feel bad in a way.
BTW in 3 weeks time BurtW will still be saying "wait for Pirate" with most of the community accepting the writing that will then be on the wall. I expect the long stall has already started. Pirateat40 wasn't one for posting much on these boards the past few months it seems - and I don't expect his post count to rise quickly in the near future.
I feel a determination will be clear when this bet settles
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I think I'll just mention it again as it's just a great opportunity to embarrass the shit out of you all. Micons and drones, put your money where your annoying, fat mouths are and get a free 10,000btc for your trouble: https://bitcointalk.org/index.php?topic=101751.0Can't wait to hear your lame excuses. I just max-bet the 100 BTC. so in picture form this is what I just did:  |
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Micon,
I was going to just tell you how GPUMAX works but this should be a lot more fun for everyone:
You should start a whole new thread about GPUMAX, probably over in the mining forum.
Then we can all try to explain it to you and you can ignore everyone and just scream SCAM SCAM SCAM for another 50+ pages.
However, you may have to think up something new as you will have a harder time with the old worn out Ponzi angle this time since there are no deposits involved.
However, good news! There are a lot of similarities to BS&T. You can use these similarities to prove it must be a scam of some sort or another, since, as we all know, similarities always prove equivalence:
They are/were both run by the same person!
Both have/had a large very satisfied customer base!
Both have/had a waiting list of people begging to get accounts!
In both cases pirate has found a way to make money and you have not!
In both cases pirate wants to keep what he is doing to himself!
Both have/had a simple, yet effective, minimalistic web interface.
Both of them actually work/worked and produce great results.
In both cases the Bitcoin community is being used. That is, they are not the end customer, just very well paid participants in the business.
In both cases the end customer is a huge mystery!
OK, that should be enough to get you going. I will let you know of more proof as I find it.
See you over in the mining forum.
Flame on Micon!
Your friend, BurtW
I notice a distinct change in the tone of your posts. I will be researching GPUMax next. No, I'm not screaming "SCAM" quite yet - but when a guy running a huge ponzi is also running a huge mining something it's worth taking a quick look-see to make sure a scammer can't seize control of a bunch of hashing power all at once for some nefarious deed. Bitcoin is still extremely fragile and is too important to go unchecked at this stage. Hashing power used to corrupt the block chain scares me much worse than stealing $1M+ from the community. |
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Noticed not one of the main ponzi crew want to take the bet... As they say talk is cheap..
Pokes the hornets nest....
I will take the bet at odds inline with the market. There is no market for bets. You just like the sound of your voice. You're a coward, just like 99% of PonziTeam. Put your money where your mouth is. yep. Cowards on both sides. Everyone who is "so sure" that it's a scam should jump on any opportunity to profit off of would be idiots who believe in it, no? Likewise, Everyone who is "so sure" that it's not scam should jump on any opportunity to profit off of would be idiots who don't believe in it, no? obv max-bet the 100 BTC. You are going to get killed on this 1 Matt! that shit cray! |
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why is MICON not made a bet yet ? he should have his life savings on this one  1) just found this - just checked thread as the Seals 60 BTC tourney was starting. 2) max bet 100 BTC plz 17ByDBb93SP3guxJ7Sqcbz7peoaiBSkGdu 3) why are you firing off $100k Matt? err... $70k? or $80k? i see why we use BTC around here... |
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+1 Joel Katz. My man right there. Stays on point, no personal insults.
1) Some1 PM me a GPUMax account. buyer or miner. Screenshots also plz.
2) If in addition to sending him $1M+ USD worth of BTC you also put Pirate is in control of an extremely large amount of hashing power I'm going to be pissed at you guys. Holy shit the 2nd one could be worse than the 1st for Bitcoin...
someone on Team Anti-Ponzi please explain GPU Max for me so I don't need to read the 100+ pgs. I don't care if every shill-troll sweating their "skin in the game" comes here and tells you otherwise, some1 like Vandroyj plz explain to me exactly what this is, how much of it Pirate controls, how much of the total hashing power is here, if he could 51% the chain, etc.
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It's a coin laundry that exchanges old coins (at least some clearly coming from BS&T) for freshly minted ones from various pools, paying some extra for it. It can be used as a smoke-screen to hide activity and as a source of untraceable coins. oh wow, can we get an asshat or dishonest or something tag for this guy? He already has an unofficial asshat tag from most on the forum. He should be down about $50,000 shortly as well, so that'll be nice  1) Simply insulting Vandroiy will not discredit his thoughts. Further more I *love* his side of the bet right now 2) is there anything more sinister that could be done at this desperate stage with this asset? Can you explain to me what GPUmax does exactly? |
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is this about the time for the obligatory "omg guyz, i was just about to make payouts and was using a new computer just for this purpose and i got hacked. sorries!"
That would be the obvious one, but I am curious about what excuse we will actually hear. I see two possibilities, an excuse for losing all the money or one that delays everything. But I guess we will hear some excuse. Classic Ponzi, this is now stall time. never with resolution, just infinite stall. He will likely post something else Monday, again stalling. Here is a slightly exaggerated version of the statement we can expect to see, if there is another from Pirateat40: "Incorrect forward looking market parameters leading to a fluctuation of funds contributing to a loss of liquidity that should be resolved in the next 48 hours" Right now, at this very moment, Pirate is holding $1M+ USD - maybe a lot more after seeing some staggering amounts in the early sales of BitcoinMax accounts - of "investor" money that major players like BurtW and Pay.tbc helped funnel to Pirate. He has all your BTC, is relatively anonymous, and now said he is going to give it all back after paying everyone 7%/wk for a few months while he grew the scam. Possible small monies coming back to Pirate top lieutenants, so they are ready for the next one. Some1 plz explain to me what this Pirate-based mining software this is: https://bitcointalk.org/index.php?topic=55819.0 what could a dishonest operator do with what appears to be many clients? |
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It appears you will be defiant & insulting to the end. If this is all a scam you realize I was trying to help you guys out all along, right?
And if/when its wrong and pirate does pay people back and you've actively encouraged a bunch of people to call other people scammers, liars, shills, etc, (as well as doing the same yourself) then what? "Ooops, my bad. I was just trying to protect you." I have agreed to make a video wearing a straw hat praising pirate / burtw if Pirate is not a ponzi (it's a page or 2 back there). Will you agree to make a video in a straw hat in 2 weeks time when everything is like I say it is? |
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I have purchased all the accounts I am able to at this time. I apologize if I was unable to get to you but demand well exceeded my expectations. I expect to make quite a windfall off this. I have been trying to get my contacts with the higher ups in my spiritual group to see the wisdom in Bitcoin for quite some time and I hope the proceeds I contribute from this will help bring them along.
to give the community an idea of the amount of BTC owed, without releasing names can you tell us the total amount of BTC requested for you to buy? |
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Go snitch me to the DOJ if you want - it's not like I'm hiding - but do so in a different thread. This 1 is now about BCST going boom.
You really are a dumb fellow... No, you moron, this thread is not about BCST going boom. Do you not remember the title you gave to your own thread and what you wrote in the OP? Let me just quote the title for you, as a reminder Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending" Where is that boom part you are talking about?  BTW, contrary to your own beliefs I highly doubt someone will snitch you. There is no need for it. You do it all by yourself, and when you go down(again) you'll have no one else to blame but you. It appears you will be defiant & insulting to the end. If this is all a scam you realize I was trying to help you guys out all along, right? You and Aq seem young, impressionable. The OP was for a gross miscategorization of certain scams that you defend so vigilantly. Now we will watch the reason why - b/c even if you keep your fingers in your eyes and your eyes shut screaming about my poker play, BCST is now going boom and this is now what we call in poker a "rail thread" to watch the scamtanic sinking. |
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