I'd generally let something like this slide if it was a long time ago and has nothing to do with what someone is doing now.  For instance, if he ran a mail fraud 20 years ago and is now accused of robbing a bank, it isn't all that relevant.

However, when someone is running what looks awfully like the very mail fraud they were recently in prison for perpetrating, I am less inclined to cut slack and more inclined to think a leopard doesn't change its spots.

Okay.  Where is it on the blockchain?  txid please.


An IOU in the absence of any consideration is just a naked promise.  Completely unenforceable.


What 10.15 BTC?  What are you talking about, back?  Show me the txid where you transferred 10.15 BTC to him.  A blockchain url will suffice.

About the only good thing about BFL is they can't piss, shit and jizz in an ASIC, otherwise they would (assuming they ever ship).

That has to be the stupidest fucking reason to want something to happen I've ever heard of.

I hope BFL delivers because I don't like seeing people get ripped off.  If I thought like a moron like you thinks, I would hope BFL defaults just to see a loser like you take it in the shorts.

Welcome to ignore, idiot.

You're making an excellent effort to disprove that.

I don't know whether it's a scam, though I suppose it could be some kind of premining scam. 

It just seems it has a number of serious flaws that could very well be fatal.  I'm staying away.

BTC is not, itself, a security.  However, there are people creating and buying and selling items packaged as securities in which the underlying business is BTC-based.  They trade on what are purported to be "stock exchanges."  Some of these are outright Ponzi scams.

Similarly, BTC is not, itself, a Ponzi scam.  However, Ponzi scams exist in which the underlying currency is BTC.

If nothing else, some of these highly questionable products look like some kind of commodities future.

All good points.  Another reason this should not be permanent, at least without some more thought, is that over the long term, while these "lost" dust amounts are insubstantial, there could ultimately be substantial (and unnecessary) permanent loss of BTC.  There should, perhaps, be some way of recombining these lost amounts into something useful (without costing more than they're worth).

Bullshit.  Every BTC transaction has a permanent record, which you'd know if you knew jack-shit about BTC.

You can tell what kind of scumbags BFL are by who defends them:  other scumbags.

I'm not sure it's a scam but it certainly seems like a dreadful idea.

Lost another IOU?  Where's the transaction on the Bitcoin blockchain where real BTC went from one actual person to another? 

It'd look kind of like this:  http://blockchain.info/tx/678a1eda47d92337246b1dbfe429baf9c6c89fbb0f50d274b0ae7c0078781e94

This is definitely an example of why someone shouldn't do this, at least not with an account with any real anything in it.  Did TF get this?  Is he actually cashing in things from people and turning them into real BTC in his wallet?

MNW explicitly agreed to a scammer tag in the event that he reneged.  His situation is kind of unique to him.

I don't agree TF is a scammer.  A troll, maybe, but with a purpose.

However, I would agree with the warning not to do this with an account that is associated with anything like real money or real BTC, or if you ever intend to use this ridiculous service.  

If it is this trivially easy to game this system, it has serious issues.

Compare to the BTC network.  If the transaction hits the blockchain and gets confirms, I can be absolutely certain there is real money there.  With Ripple, I have 5 BTC of utter bullshit sitting there.  There it is, in my imaginary balance.  I'd never attempt to spend it.  I think it would be fraud if I did.  

However, what is it that this system allows me to be looking at a balance screen telling me I have 5 BTC when in fact they are basically imaginary?  That's honesty?

I'd hazard a guess they generate a good deal of RF noise of the sort that would require such certification.  Perhaps under FCC Part 15 Subpart B.    That's just a guess, though.

If "wrenchmonkey" keeps practicing his fellatio techniques, perhaps Josh will allow him the honor of splooging in his mouth some day.  He has something to aspire to!

If that's how it's supposed to work, then it's crap.

They only list one transaction, for BTC.0001.  So far, I'm not impressed.  I'm less impressed with the business model that allows this foolishness than I am the trolling that led to me having 5 imaginary BTC in this account I never intend on using.

Please identify any transaction IDs on the blockchain that indicate transactions involving stolen (as opposed to completely imaginary) Bitcoin.

Hint:  there aren't any.

I see nothing wrong whatsoever when pointing out that a person who appears to be currently running a mail order scam is, in fact, a convicted felon because of previously running a mail order scam.