Who got paid from scammer Matthew N. Wright famous bet : 0/112 Total 0/79947.58

[nimda]

I have not been paid.

Ditto. I'll give it an hour. Hopefully theymos is on the scammer tag business and we can go find his house.

[nimda]

I bet there will be a repeat of the pirate-default. A lot of FUD and then nothing.

Exactly. What will happen when Matt doesn't pay? Nothing at all. And THAT is his lesson to the community.

So the lesson is that people can scam this community without fearing any consequences.

No, the lesson is don't be stupid with your money [...]

... because there are no consequences for scamming.

[nimda]

I bet there will be a repeat of the pirate-default. A lot of FUD and then nothing.

Exactly. What will happen when Matt doesn't pay? Nothing at all. And THAT is his lesson to the community.

So the lesson is that people can scam this community without fearing any consequences.

No, the lesson is don't be stupid with your money [...]

... because there are no consequences for scamming.

If you want to pay someone to protect you with charge back functionality, let me direct you to some of these fabulous services.

https://www.paypal.com/
http://www.mastercard.com/index.html
http://usa.visa.com/index.html

No, not charge-backs. Think about it for a minute. If you were my next-door neighbor, would you scam me?

[AndrewBUD]

Scammer tag has been given to Matthew

[nimda]

I bet there will be a repeat of the pirate-default. A lot of FUD and then nothing.

Exactly. What will happen when Matt doesn't pay? Nothing at all. And THAT is his lesson to the community.

So the lesson is that people can scam this community without fearing any consequences.

No, the lesson is don't be stupid with your money [...]

... because there are no consequences for scamming.

If you want to pay someone to protect you with charge back functionality, let me direct you to some of these fabulous services.

https://www.paypal.com/
http://www.mastercard.com/index.html
http://usa.visa.com/index.html

No, not charge-backs. Think about it for a minute. If you were my next-door neighbor, would you scam me?

So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.

So, what's the difference? Why all the BTC scams?

[smoothie]

Perhaps we can refer to Matthew as Atlas version 2?

LOL

[nimda]

[removed a huge quote pyramid]
So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.

So, what's the difference? Why all the BTC scams?

Because people voluntarily hand their CASH over to random internet identities.

And they don't do this with non-bitcoin systems? Interesting. I wonder why.

[bitlane]

Perhaps we can refer to Matthew as Atlas version 2?
LOL

Atlas 2 is already MINE !. Matthew would need to be Atlas 3

[DeathAndTaxes]

[removed a huge quote pyramid]
So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.

So, what's the difference? Why all the BTC scams?

Because people voluntarily hand their CASH over to random internet identities.

And they don't do this with non-bitcoin systems? Interesting. I wonder why.

What non-bitcoin cash like systems are there?

Liberty Reserve?  Plenty of the same scams and HYP nonsense around Liberty Reserve.

As long as people will hand scammers giant piles of irreversible cash there will be scammers.  That simple. 

[nimda]

[removed a huge quote pyramid]
So don't do business with the anonymous? I've bought and sold hundreds of items online (not with Bitcoin) and have never been scammed once.

So, what's the difference? Why all the BTC scams?

Because people voluntarily hand their CASH over to random internet identities.

And they don't do this with non-bitcoin systems? Interesting. I wonder why.

What non-bitcoin cash like systems are there?

Liberty Reserve?  Plenty of the same scams and HYP nonsense around Liberty Reserve.

As long as people will hand scammers giant piles of irreversible cash there will be scammers.  That simple. 

Hmm. Now you're making me wonder. My ideology says that a bitcoin-like system is better, due diligence is due, we shouldn't bail out investors by printing money, I shouldn't be forced to pay for other people's ignorance, etc. This slew of scams, however, makes me wonder if people are stupid enough that they need the regulations and consumer protections. Very troubling.

[teflone]

The history of the stock market and ways in which people ran their stocks and the insider trading and things of the such are identical to whats happening with bitcoin now..

All the old tricks are new again, and unregulated..  

[Technomage]

You are only hearing from the vocal minority on one forum. There are plenty of legitimate Bitcoin transactions between responsible people every day! We simply don't go posting ten threads about every successful transaction on the forums.

+1

Very good point. If you go google about reviews or feedback of pretty much any kind, you'll soon find out that the complainers are much more vocal than those that had a good experience. This same effect is very clear in the Bitcoin world, scams attract a lot of attention and business as usual doesn't.

[nimda]

This slew of scams, however, makes me wonder if people are stupid enough that they need the regulations and consumer protections. Very troubling.

You are only hearing from the vocal minority on one forum. There are plenty of legitimate Bitcoin transactions between responsible people every day! We simply don't go posting ten threads about every successful transaction on the forums.

And yet, do those legitimate transactions between responsible people total more than the scams? 500K scammed by pirate, some non-zero amount scammed by MNW, 25K lost/scammed in the Bitfloor "hack", 100K+ (?) lost/scammed in the Bitcoinica "hack"...

and not in a single case were there any repercussions.

[bg002h]

Scammer tag has been given to Matthew

Now that he has a scammer tag, he doesn't need to pay. Brilliant.

[DeathAndTaxes]

Hmm. Now you're making me wonder. My ideology says that a bitcoin-like system is better, due diligence is due, we shouldn't bail out investors by printing money, I shouldn't be forced to pay for other people's ignorance, etc. This slew of scams, however, makes me wonder if people are stupid enough that they need the regulations and consumer protections. Very troubling.

I don't thinks so but you have to realize most consumers have been sheltered by the state protecting them from any possible bad decision on their part for a very long time.   Even CC rules means you can be incredibly stupid and still never lose a single penny.

It will take time and reputation does matter.  Do you think say NewEgg or Amazon would be any more risky paying with Bitcoin instead of CC?  I don't.  Those companies have developed awesome reputation among customers and that is a powerful corporate "asset".  I pick NewEgg over say Tiger Direct even if they are a couple bucks more simply because I have never had a problem with them.  They always meet or exceed my expectations. 

Remember Bitcoin is young it is completely different.  It isn't just p2p paypal.  It will take time for the infrastructure to build up around it.

[Fluttershy]

The title of his bet topic said he'd be giving 100% ROI to people who thought it was a scam. That alone is grounds for making the bet under false pretenses and he should be deemed guilty. I'm sure it would hold up in court.

[nimda]

Hmm. Now you're making me wonder. My ideology says that a bitcoin-like system is better, due diligence is due, we shouldn't bail out investors by printing money, I shouldn't be forced to pay for other people's ignorance, etc. This slew of scams, however, makes me wonder if people are stupid enough that they need the regulations and consumer protections. Very troubling.

I don't thinks so but you have to realize most consumers have been sheltered by the state protecting them from any possible bad decision on their part for a very long time.   Even CC rules means you can be incredibly stupid and still never lose a single penny.

It will take time and reputation does matter.  Do you think say NewEgg or Amazon would be any more risky paying with Bitcoin instead of CC?  I don't.  Those companies have developed awesome reputation among customers and that is a powerful corporate "asset".  I pick NewEgg over say Tiger Direct even if they are a couple bucks more simply because I have never had a problem with them.  They always meet or exceed my expectations. 

Remember Bitcoin is young it is completely different.  It isn't just p2p paypal.  It will take time for the infrastructure to build up around it.

Thank you. As I have lost little to no money in Bitcoinica, Bitfloor, BS&T, MNW's bet, etc, I'm enjoying learning from a more calm perspective. I truly hope this market pulls through and matures.

The title of his bet topic said he'd be giving 100% ROI to people who thought it was a scam. That alone is grounds for making the bet under false pretenses and he should be deemed guilty. I'm sure it would hold up in court.

Playing Asshole's Advocate, nobody gave him any money, and 100% ROI of 0 is 0.

Common sense, however, says that he would be guilty in court.

[myrkul]

This slew of scams, however, makes me wonder if people are stupid enough that they need the regulations and consumer protections. Very troubling.

You are only hearing from the vocal minority on one forum. There are plenty of legitimate Bitcoin transactions between responsible people every day! We simply don't go posting ten threads about every successful transaction on the forums.

And yet, do those legitimate transactions between responsible people total more than the scams? 500K scammed by pirate, some non-zero amount scammed by MNW, 25K lost/scammed in the Bitfloor "hack", 100K+ (?) lost/scammed in the Bitcoinica "hack"...

and not in a single case were there any repercussions.

I don't know. We can hope that people learn from their mistakes and the percentage of scams versus the percentage of legitimate business reduces over time. I'm not going to let a few scam artists and their marks ruin something like Bitcoin for me.

Or just start listening to good advice...

[Coinoisseur]

A brony has brought up something important, the alternative listed consequence to not paying out was always a Scammer tag. Which he has received. Should be considered a reasonable outcome for what Matthew termed as "Team Ponzi".

[BadBear]

That's not an alternative to paying out, it's a consequence of not paying out. He still hasn't paid and is still a fraud, untrustworthy, deceitful sack of crap.