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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: Bryan Micon's List of Non-BCST Ponzi's Still Running (with credit rating)  (Read 13323 times)
Micon (OP)
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September 01, 2012, 04:48:10 PM
Last edit: October 03, 2012, 12:01:16 PM by Micon
 #1

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

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P4man
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September 01, 2012, 05:03:17 PM
 #2

As Joel Katz argued convincingly, mybitcointrade (star/ziggy) would be a Stock Generation ploy, not a traditional ponzi:
https://bitcointalk.org/index.php?topic=81357.msg1087555#msg1087555

I also dont think Starfish is a ponzi, although any faith I might have had in Patrick and particularly his judgement is long gone. Dont know the others, wont comment.

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September 01, 2012, 05:03:32 PM
 #3

Em, do you take into account fact that mining operationing can give you 3-4%/w of return?
By the way, u still havnt prove that btcst was ponzi, as others. In Business you cant make money when they are laying in your pocket, it means, that you cant return everyones money so easily... Why wont u go to the bank and tell them that they are ponzii, because it cant payout to everyone at once?
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September 01, 2012, 05:31:04 PM
 #4

Em, do you take into account fact that mining operationing can give you 3-4%/w of return?

only on an asset that continually loses value, and generally much faster than the dividend payouts. In the end you will lose on all those mining bonds, not win, but they arent ponzi's, just bad investments.

dank
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September 01, 2012, 05:33:46 PM
 #5

That's nice, Dank Bank isn't up there.

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Dankmusic - Hear the impossible, feel the impossible, be the impossible dankmusic.org dankcoin.org
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September 01, 2012, 05:51:44 PM
 #6

That's nice, Dank Bank isn't up there.

im sorry but your scam isn't organized enough to be a ponzi.  did anyone buy u a house or car yet?  i think u have a chance given how easily tricked this community is.

I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
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September 01, 2012, 05:57:16 PM
 #7

Em, do you take into account fact that mining operationing can give you 3-4%/w of return?
By the way, u still havnt prove that btcst was ponzi, as others. In Business you cant make money when they are laying in your pocket, it means, that you cant return everyones money so easily... Why wont u go to the bank and tell them that they are ponzii, because it cant payout to everyone at once?

1) comparing a traditional bank to these 2bit ponzis insults science.  In the USA bank assets must be > total deposits.  FDIC insures this.  a "bank run" is not comparable to how a Ponzi unfolds

2) https://docs.google.com/spreadsheet/ccc?key=0Ah0rJ1eK8mwpdEs2MFRfbGQybGhNamo1aGhDSURaT1E#gid=0  here is a doc showing how at 7% per week if you invest $100 it returns $130 trillion in 8 yrs.  still think its not a Ponzi?

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September 01, 2012, 06:08:25 PM
 #8

That's nice, Dank Bank isn't up there.

im sorry but your scam isn't organized enough to be a ponzi.

...I just spit Coke all over my keyboard reading that...lol

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September 01, 2012, 06:18:57 PM
 #9

That's nice, Dank Bank isn't up there.

im sorry but your scam isn't organized enough to be a ponzi.  did anyone buy u a house or car yet?  i think u have a chance given how easily tricked this community is.
If it's not a ponzi, how is it a scam?

13oZY8zzWEp48XZpEEi8zSkYJF5AWR2vXc DMhYmNzMnU2Avgu7sF3GSDybHumj8XH8V8
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Dankmusic - Hear the impossible, feel the impossible, be the impossible dankmusic.org dankcoin.org
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September 01, 2012, 06:19:57 PM
 #10

Em, do you take into account fact that mining operationing can give you 3-4%/w of return?
By the way, u still havnt prove that btcst was ponzi, as others. In Business you cant make money when they are laying in your pocket, it means, that you cant return everyones money so easily... Why wont u go to the bank and tell them that they are ponzii, because it cant payout to everyone at once?

1) comparing a traditional bank to these 2bit ponzis insults science.  In the USA bank assets must be > total deposits.  FDIC insures this.  a "bank run" is not comparable to how a Ponzi unfolds

2) https://docs.google.com/spreadsheet/ccc?key=0Ah0rJ1eK8mwpdEs2MFRfbGQybGhNamo1aGhDSURaT1E#gid=0  here is a doc showing how at 7% per week if you invest $100 it returns $130 trillion in 8 yrs.  still think its not a Ponzi?
Hey, who told you that pirate or others dont have assets over their total deposits? They can be absolutely same with banks. They just need time to turn they assets to btc. In some cases this might not be possible in short time, same with banks.

You are still judging on facts, that no one promised you. Where have u read that this would last for even one year guaranteed? Everyone is saying only about next 2-3 month MAX, and in that case they are much lower that 7%/w
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September 01, 2012, 06:27:05 PM
 #11

Micon, you are missing your poker scam site from the list. LOL
 

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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September 01, 2012, 06:29:11 PM
 #12

That's nice, Dank Bank isn't up there.

im sorry but your scam isn't organized enough to be a ponzi.  did anyone buy u a house or car yet?  i think u have a chance given how easily tricked this community is.
If it's not a ponzi, how is it a scam?

Oh, shit. "Byron", dank is kicking your ass. This will be fun.
Don't bother resplying to me as I'll only see it if someone quotes you.
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September 01, 2012, 06:30:27 PM
 #13

Hey, who told you that pirate or others dont have assets over their total deposits? They can be absolutely same with banks. They just need time to turn they assets to btc. In some cases this might not be possible in short time, same with banks.

Banks disclose their assets and revenue streams. Ponzi's do not. Moreover, its up to the creditor to prove his creditworthiness, not the other way around. If you go  to a bank and ask for a loan, the bank will ask you to prove your creditworthiness through income or assets; you dont tell the bank  to prove you are a broke bummer.  You could (and probably should) ask the bank to prove they are solvent before depositing there though.

If you dont want your scheme to be labeled as a ponzi, all you have to do is prove a credible revenue stream that can generate those interest rates and prove your assets. If you fail to do both, it should be assumed a ponzi.

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September 01, 2012, 06:39:16 PM
 #14

Bank wont provide me info.
And patrik provides where his funds is used in, so whats the problem?
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September 01, 2012, 06:41:31 PM
 #15

Bank wont provide me info.

Where do you live?
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September 01, 2012, 06:44:01 PM
 #16

Bank wont provide me info.

Dont be silly.

Quote
And patrik provides where his funds is used in, so whats the problem?

Like I said, I dont think Patricks fund is a ponzi. Unlike you or pirate, he does disclose financial information and revenue streams. That doesnt mean Id be willing to invest in him because I dont trust his judgement at all, but a ponzi, no, most likely not.

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September 01, 2012, 09:32:51 PM
 #17

Bank wont provide me info.

Dont be silly.


Agreed.  I will be happy to argue if someone feels differently than me, but keep it lofty.  Let's say you bank at Bank of America, like over 25% of Americans do (this point is scary to me, BTW)  Well BOA is a publicly traded company, required to post quarterly financials which are verified by the SEC, and easily obtained:

http://money.cnn.com/quote/financials/financials.html?symb=BAC&dataSet=BS

so there is the Bank of America balance sheet showing assets and liabilities.


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September 01, 2012, 09:41:36 PM
 #18

Not all scams are ponzis but just because they aren't a ponzi doesn't mean they're not a scam or that they're viable.

I agree that "long-term offers" is an inappropriate label for many of the high-risk programmes being offered and that a more suitable way of segregating the different types of investments being offered needs to be found.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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September 01, 2012, 09:42:00 PM
 #19


I also dont think Starfish is a ponzi, although any faith I might have had in Patrick and particularly his judgement is long gone. Dont know the others, wont comment.

nope, total Ponzi for Starfish / PatrickHarnett

1%/wk to borrow money is still crack prices, still yields you owing giant interest as scam builds, and he is even making up increasing numbers month-over-month to show you the business is growing.    This one is a slow Ponzi.  

I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
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September 01, 2012, 09:42:28 PM
 #20

Not all scams are ponzis but just because they aren't a ponzi doesn't mean they're not a scam or that they're viable.

I agree that "long-term offers" is an inappropriate label for many of the high-risk programmes being offered and that a more suitable way of segregating the different types of investments being offered needs to be found.

by APR % IMO

I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
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