What you might notice, is that some people run a diversified portfolio of investments, and maintain returns such as myself. You should also notice, people do their research before shouting from the roof tops that everything is evil. I feel like you are some sort of christian missionary trying to save the natives.
if you are exposing your portfolio to BS&T or one of the unfortunately many pass-throughs, then you are supporting the largest ponzi scheme.
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This thread is a good example of concern trolling.
are you stating that the links in my OP are not scams, and everything is business as usual? I am just a fraud looking to stir up trouble for no reason?
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Is pawnbroking a scam because they charge 20% a month ?
a good example of an extremely high yield interest business unit. Do you believe Pirate is running such a business and is generous enough to share in the profits? how about any of the other ponzi's mentioned in my OP?
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Pretty much any mining bond/stock on GLBSE pays out 1.25-2.5% per week. Are all of them scams as well?
mining is an actual business unit that makes money. however, mining bonds or stocks that pay 2% weekly interest are also unsustainable, and likely scams. Link me to any and I'll give you my thoughts.
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He is an obvious jerk. Added to my jerk list, you should be ignoring him and if you didn`t you should do so immediately.
anyone running a scam would clearly push for me to be silenced
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Having just seen Danks' latest post, I'm also compelled to state that Micon is driving me to the point of defending Dank.
(Hey Dank, I read your posts every day because they are entertaining, as are some of the replies. Doesn't mean I'd lend to you (it's a risk thing), but I haven't seen evidence of a ponzi from you over the past year.)
1) Patrick - you seem to be a guy with a good heart, i.e. not looking to scam people - but you are just too stupid to understand what is going on here. There is no such business that can pay 2% per week interest, save that of top level drug manufacture. 2) If a guy, for any reason, says he can and will pay you 2%+ per week for an investment he is outright scamming you, or operating an extremely illegal business. Where is this "profit" coming from? have you ever, one time, thought to yourself "wow, he's got this amazing money machine, and all you need to do is input more money and even MORE money comes out! it's great that him and all these other "investment" takers are letting us in on these amazing businesses that they never tell us exactly what they are doing" 3) I feel like your eyes are closed, fingers in your ears, not wanting to hear the truth even though you believe it because you are so heavily invested in these scams.
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We have no conclusive proof of it being a ponzi just yet. It well could be, for example, some guy in possession of some alien tech who feels strangely charitable towards "naive and greedy" part of this forums population.
Also since I am a real person and not some cooked up anonymous identity, I have to be careful and not set myself up for a libel lawsuit.
I think you can be safe that "Pirateat40" won't be bringing any legal suits vs you for libel. I received my issue of Bitcoin Mag a few weeks ago. Loved the "who is Satoshi" article that documented the various posts that he has made, highlighting the best ones (I have done the search and skimmed the results - your writer pulled the best and explained... awesome) A+ sarcasm. Obvious ponzi is obvious to those of us in possession of common sense. Certainly the foolish will throw their BTC at these things no matter what we say, but I supposed it's worth the eventual +1 to "please listen to me in the future" reputation. Plz make an issue #2 / it's an awesome thing you guys did.
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added this to Micon's list of Ponzi's that no one should ever send BTC to and withdraw all they can if they already have
obvious Ponzi is obvious
hey OP - here is a question you cannot answer - what business unit do you have that makes so much $ that you can pay such a high interest rate?
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1) trolls trying to derail this thread into my poker career - you are all free to debate me each and every wed. on my podcast, or post on my uncensored poker forum all the data you can find / endlessly try and tell me I haven't won $ playing poker. hint: when doing sharkscope searches, remember "live events" is for 2011 and 2012. I have played live events since 2006. http://pokerdb.thehendonmob.com/player.php?a=r&n=67931 here is a relatively complete list showing my $500k in winnings with ~ $250k in buy ins. 2) but anyone bringing up poker in this thread is clearly trying to change the subject. The simple fact is that there is no way I stay silent when I see a blatant, gigantic scam spreading throughout the BTC community. Smart people that understand this situation please +1 in this thread so the vocal minorities that are so laughably defending ponzi scams are met with clear logic at each post. 3) anyone want to explain to me why the BS&T thread is locked? can Pirate lock that thread at his whim? who authorizes that? who runs bitcointalk.org? (sorry for newbie Q's, please answer me or PM me if you feel foolish answering publicly)
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do you trust what bitpay says on these matters?
I see Bit-Pay describing their trades that take advantage of volatility -- something that appears to be courtesy of pirate, and they clearly state their opinion that pirate is ponzi, but is there more from Bit-Pay that I'm not aware of that you are referring to? Real businesses are hurt by these BTC scams. Well, bitcoin's image is hurt by them, and in that way yes -- real businesses are harmed from there being unsavory dealings like these occurring. But are you referring to a more direct harm from these type of "investments"? Personally, I feel the main problem with these comes from deception. The words "bank", "savings", "deposits" come with expectations as to their meaning. If you are running a HYIP, pyramid, ponzi or a penny auction even, then call it what it is and nobody would have a problem with it. But when the words "bank", etc. are used for a ponzi, then that's deception. 1) After meeting some BitPay guys at CES & seeing their underlying business model as sound and much needed in the market IMO - I put a lot of stock in how they feel about BTC matters - as they are a real company seriously researching their field - and they come to the same conclusion I do, that Pirate is a Ponzi. Nothing more than that. 2) on that same topic - does this forum believe that pirate was responsible for the recent BTC volatility? Seems like some1 with USD on the sidelines that just fired into play.. 3) My main goal is to get these scams out of the Marketplace > lending category - it makes us look foolish and stupid to anyone new exploring BTC
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tytyty how many of these damn things are out there? cmon ppl no one cleaned this bullshit up yet? do you trust what bitpay says on these matters? Real businesses are hurt by these BTC scams.
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I was wondering when someone would say that. However, I have three investors in my Dank Bank program and I'm not relying on new investors for the interest. I do use the capital on real investments, I debated whether to start such a program because I do not want to start a ponzi scheme. It may go away someday, who knows, I may return the deposits to the investors and say thanks for your business, or I may keep paying them for most of my life. I have declared that I will be a successful multimillionaire one day, and as long as things go smoothly I wouldn't mind keeping Dank Bank around to help out the people who supported me and my dream. Dank Bank added, you are running a scam and you know it. feel free to explain your business unit that allows you to pay 2%+ interest per week.
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Don't worry L, if "my con" is commenting on your thread, you must be doing something right.
Happy with my returns.
boy you are going to feel foolish about this post in the near future. L - what is your core business unit? how do you plan to make enough money to pay these outrageous interest %?
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I believe, to the best of my knowledge, that given the absence of any public financial disclosure and an extremely high rate of return that the Bitcoin Savings and Trust is a Ponzi scheme.
I'd like to make this a forum-based petition of bitcointalk users who agree with this. I don't want to do a poll, because I want people to commit their user name to this statement.
I'm interested in seeing how many people agree with me. I'd prefer to have any debate over this issue in a separate thread.
My theory is that if you want to develop community, then you need to figure out who to trust and what is a scam. Bitcoin has suffered from too many scams.
So if you agree, reply and say "I agree".
I agree / started my own thread pointing them all out we must at least contain these ponzis outside the marketplace > lending category - it's making BTC look foolish I wish you didn't start another thread. We have a million of them already. Do you think by starting another thread you did any good. this thread that I started: https://bitcointalk.org/index.php?topic=94900.0is for different reasons than this thread: 1) list ALL ponzis & ponzi derivatives 2) list All BTC scams of any sort I find here 3) start petition to get these threads of out the Marketplace > lending category. "speculation" won't do either - these are scams, not risky investments. no possible winning outcome for 90+% of investors.
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This is a ponzi scheme and I want a date-stamped post by me exposing it before it's collapse.
Please provide any kind of proof of this theory //DeaDTerra Zero business unit of any kind, huge interest promised, and this page: https://mybitcointrade.com/en/?content=/intern/faqsif you deny this is a clear-cut, classic ponzi with the above evidence and this entire thread I can't do nothin' else for ya'
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glad to see the bitpay guys can spot this giant ponzi too. They seemed sharp when I met them at CES. 1) https://bitcointalk.org/index.php?topic=50822.1480 why the hell is this locked? 2) I am keeping (wow there a ton of them) a list of obvious BTC ponzis & will expand to other lending-based or high-yield scams. --> https://bitcointalk.org/index.php?topic=94900.0 to hopefully convince these kids to save their BTC and hopefully stop these run away train ponzi's that may have over $1M USD in them... gonna be a huge story when it goes boom... which ain't long at these levels.
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This is a standard Ponzi scheme as well.
Vescudero - please explain what your core business unit does to make enough money to pay 2% per week in interest.
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Hi Ves,
I tried to check out your facebook but there are no posts? ( maybe i am missing something ).
Also I hope Im not over stepping the mark, but can you link to any other photos of yourself.
Hi Willowbitcoin, I think you don't see any of my post in facebook maybe because you are not marked as a friend of mine, nevertheless I hardly use facebook. I do not have a lot of photos, so the same photo you can see here is what I also use for my profile in the rigth side of my website or my twitter account. yes, please justify your fake accounts more. They make them seem less fake.
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