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Question: Will we get fooled again? You know what I'm talking about...
Yes, there are already other bitcoin ponzi/frauds out there - 45 (57.7%)
Yes, but not for a while, people have to "forget" this lesson so they can be doomed to repeat it - 11 (14.1%)
No, everyone has learned their lesson - 1 (1.3%)
I was never fooled, so it doesn't matter what happens to other people - 12 (15.4%)
It's not a scam, and pirate will suddenly repay as a grand-finale, punishing the nonbelievers that took MNW's bet - 5 (6.4%)
I have no clue - 3 (3.8%)
Other (please fill in) - 1 (1.3%)
Total Voters: 78

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Author Topic: Will we get fooled again?  (Read 1763 times)
BrightAnarchist (OP)
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August 30, 2012, 12:38:30 AM
 #1

http://www.youtube.com/watch?v=Rp6-wG5LLqE

While listening to the awesome song, please take a moment to answer the pole

As for me, I answered "I have no clue"
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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BIGMERVE
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August 30, 2012, 12:46:10 AM
 #2

I guessed the song before I even clicked. And yes of course people will get fooled again. The future generation of bitcoiners a decade from now will join the economy and someone will promise them 7% a week. Us older bitcoiners will tell them the legend of th man name Pirate who stole all our money. They won't listen to us old farts.

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August 30, 2012, 12:53:25 AM
 #3

Of course.  Just like with housing and stock market bubbles, everyone will be running around assuring each other that "it's different this time".  I'm not even sure that the next big scam will be any more sophisticated.  Exploiting people's vanity and greed has been a winning combination for a very long time and I doubt that's going to change any time soon.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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August 30, 2012, 01:12:25 AM
 #4

In the olden days, it took at least one generation (20 years+) before stupid mistakes were repeated and lessons had to be re-learned.

Times have shortened...and I'm slightly more optimistic going forward, because humanity now has really good archiving technology.  So the next time someone tries to start a Bitcoin Ponzi, knowledge repositories like this forum should still be up and running.  Interested parties will be able to see what happened in real time, hopefully learn from our stupidity, and avoid making the same mistakes.

Having said that, many people here blissfully ignored the great links posted in various threads to the EVE Ponzi story.  So it's not enough to have the historical info, you also have to be smart enough to use it.  To fix that, we need advances in human nature so that we think less emotionally and more logically.  But unfortunately, that will be a glacially slow process at evolutionary speeds.
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August 30, 2012, 01:14:05 PM
 #5

I guessed the song before I even clicked.

Smiley
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August 30, 2012, 01:31:15 PM
 #6

. . . you also have to be smart enough . . . that will be a glacially slow process at evolutionary speeds.
You make the mistake of assuming that evolution will select for the more intelligent (or "smarter").  Evolution ALWAYS selects for the best odds of the most procreation.  It is not certain that the more intelligent will have better odds of procreation.  If in the future less intelligence increases the odds or rate of procreation, then the human race will evolve to be less intelligent.
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August 30, 2012, 01:37:18 PM
 #7

As our (USA) former President so eloquently put it: http://www.youtube.com/watch?v=eKgPY1adc0A

That being said, https://bitcointalk.org/index.php?topic=104651.0
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August 30, 2012, 04:11:33 PM
 #8

The future generation of bitcoiners a decade from now will join the economy and someone will promise them 7% a week. Us older bitcoiners will tell them the legend of th man name Pirate who stole all our money. They won't listen to us old farts.

This will happen in about a week.

Wait no, it's happening already.
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August 30, 2012, 05:39:32 PM
 #9

Yup , there's already a thread promising %15 a week. Supposedly already 7000 BTC invested.

BrightAnarchist (OP)
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August 30, 2012, 05:50:30 PM
 #10

Yup , there's already a thread promising %15 a week. Supposedly already 7000 BTC invested.

I think that thread's just a joke haha.
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August 30, 2012, 06:05:00 PM
 #11

Yup , there's already a thread promising %15 a week. Supposedly already 7000 BTC invested.

I think that thread's just a joke haha.
I hope so, but I would have assumed the same about BS&T when it first started as well.  We all know how that turned out.
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August 30, 2012, 06:16:44 PM
 #12

Yup , there's already a thread promising %15 a week. Supposedly already 7000 BTC invested.

I think that thread's just a joke haha.
I hope so, but I would have assumed the same about BS&T when it first started as well.  We all know how that turned out.

But this other guy seems much more trustworthy. /s

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August 30, 2012, 07:32:26 PM
 #13

anyone who believe 7% weekly, deserve to lose their money. Heck I'd be extremely happy with stable no risk 7% annually.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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August 30, 2012, 08:05:13 PM
 #14

Of course people will be connned again.  Maybe not via the same means and maybe not to the same extent but bit coin makes it very easy for an individual to be parted from their money!

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August 30, 2012, 11:09:26 PM
 #15

Another big site will go down within a year. Mark my words.

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August 31, 2012, 04:58:10 AM
 #16

Picked "pirate will suddenly repay" for the lulz, but I gotta be honest: In the early days, there were open ponzis running, and people should have learned then what they look like. People don't pay attention in class, whose fault is it when they suddenly need to know when and where the trains will meet?

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August 31, 2012, 06:20:24 AM
 #17

Yes. People here will get fooled again, probably in exactly the same way, and in all likelyhood, involving some of the same people.

Eventually, some of these people will get tired of all the blatant scanning and leave, only to be replaced by a new set of rubes.

And the circle of life continues.
BrightAnarchist (OP)
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September 01, 2012, 04:09:01 PM
 #18

Cool, good to see someone else also vote for "I have no clue." Smiley

Btw, just the bassline now:

http://www.youtube.com/watch?v=Rf6tp2c6nMM

Legendary!
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September 01, 2012, 04:15:42 PM
 #19

thanks for the OP link

motherfuckers had it goin' on

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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September 01, 2012, 04:54:25 PM
 #20

anyone who believe 7% weekly, deserve to lose their money. Heck I'd be extremely happy with stable no risk 7% annually.

I feel bad for those who lost money here. It appeared an obvious scam to me so I never went anywhere near it. I can't really understand why other people were sending this guy money. I see this kind of stuff all over the place, even the the Nigerian money transfer scams must have some victims or no-one would be trying them.

Hopefully some people learned something out of this.


Will it happen again? Most certainly.
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