Deep concerns regarding OGNasty and NastyScams...

[TMAN]

As forum treasurer and DT-1 Member you would think that OG would be nothing but transparant when it comes to his failing business, unfortunately it is not the case.

a couple of quotes that should be of interest.

1. Is there any other solid non "quick money" which I can put my BTC to use
2. What other reputable ICO investment is there for my minute amount of BTC to invest

NastyFans has been around since 2012 and has made over 200 distributions to "seat" owners.  There is no more reputable or dependable investment in the BTC space.

More info here: https://bitcointalk.org/index.php?topic=86854.0

Website: https://nastyfans.org/

no mention here whilst pitching the business that the asset returns in BTC diminish month on month

Why not buy a stake in a long running proven organization with no costs that mines Bitcoin along with generating other sources of revenue?  Take a look at NastyFans.

https://bitcointalk.org/index.php?topic=86854.0

and another beauty.. the 1st ICO??

NastyFans has been sending out weekly Bitcoin distributions for nearly 5 years now.

https://bitcointalk.org/index.php?topic=86854.0

BITCOINS DISTRIBUTED:


You might even say we lay claim to being, "The first ICO."

https://twitter.com/fluffypony/status/898073904320847872

lets chuck in a contradiction now

anyone thinking of investing here really needs to read this thread.

People don't invest in NastyFans.  They buy seats to join a, "group of Bitcoin enthusiasts that have a lot of fun watching and encouraging and participating in the Bitcoin world."

so having fun is losing BTC?? - he is actively shilling this dodgy security - trying to con people into investing almost like a Madoff move, then here comes the hammer.

Out of curiosity, does the wording of this thread (fanclub, donations, etc.) actually prevent the SEC from prosecuting this as an illegal security, or is this just due to luck.

It isn't just wording on a thread.  It is the reality of the situation.  There are no promised returns of any kind.  NastyFans as an organization has never profited in any way from the sale of seats or anything else, it has no physical assets, there are no paid employees, no company issuing anything, & it isn't even based in the US.  It really is a fan club for Bitcoin enthusiasts that I and others donate their time and energy to so that the community can have a fun use for their Bitcoin.

The part that is confusing is that the returns are largely from donations that I personally make with my mining operation or coin sales and software development is largely done by nonnakip for free over a period of many years.  It's hard for some people to imagine others out there spending their time and money to donate to strangers so the community has something cool to display, yet that is the reality of the situation.  If you ask me, NastyFans is more closely aligned with a charity than an illegal security, but calling it a fan club is accurate.

That's right it has moved to a charity...

so all the newbies out there need to be aware of this snake oil salesman. I am openly asking DT members to look into OG's activity, and Theymos - do you really want a man like this on Default trust whilst holding 500BTC of the forums money? oh and for the members not aware Og is currently being paid 6BTC a year to hold these funds.

[nullius]

If you ask me, NastyFans is more closely aligned with a charity than an illegal security, but calling it a fan club is accurate.

Wait a minute:  This big man is living off the charity of his fans?

My apologies; I do not wish to make light of a grave matter.  I am simply aghast at a statement which is a sick joke on its face.

Being new here, I am not yet familiar with the facts in re NastyFans.  At this point in time, my only certain knowledge of the matter is that only an imbecile with ill taste would ever invest even a satoshi in anything named “NastyFans”.  Thanks for the info.  Time to start examining this matter seriously.

[TMAN]

Lovely to see you here.. another impartial intelingent person looking at facts, you are guaranteed to come to the same conclusion as I..

he is a snakeoil salesman with the worst business acumen known to man.

https://bitcointalk.org/index.php?topic=86854.0

That's the thread - IPO... that's right he raised funds in an illegal manner to start the enterprise. now its a fricking charity??

[nullius]

Lovely to see you here.. another impartial intelingent person looking at facts, you are guaranteed to come to the same conclusion as I..

he is a snakeoil salesman with the worst business acumen known to man.

So...  Why do people not call him out on that?  Oh, right.  I know.  But really—people are scared of that guy?  Seriously?

https://bitcointalk.org/index.php?topic=86854.0

That's the thread - IPO... that's right he raised funds in an illegal manner to start the enterprise. now its a fricking charity??

As you know, I am exceedingly careful with evidence as to serious accusations.  I have much reading to do before I can state my own conclusions about—well, some of these things.  The “charity” quote, I can call right now:  Outrageous.  Scam.  What next, will he find Xenu or something?

Edit:  ...or does he expressly advertise somewhere that the purpose of NastyFans is not-for-profit?  Reputable nonprofit clubs do exist.  They do not advertise themselves as investments or profit-making devices.  —  This is a question.  I am asking.

[TMAN]

As you know, I am exceedingly careful with evidence as to serious accusations.  I have much reading to do before I can state my own conclusions about—well, some of these things.  The “charity” quote, I can call right now:  Outrageous.  Scam.  What next, will he find Xenu or something?

Well the thread is highly entertaining, it shifts more often than the sand in the Sahara.

as I said before - snake oil salesman..

[Last of the V8s]

Some great finds and commentary in the op.

calling:
@theymos
@HostFat
@dooglus
@Maged
@dserrano5
@OgNasty
@Tomatocage
@SaltySpitoon
@philipma1957
@Cyrus
@Blazed
@hilariousandco

do you trust OgNasty now?

[TMAN]

Some great finds and commentary in the op.

calling:
@theymos
@HostFat
@dooglus
@Maged
@dserrano5
@OgNasty
@Tomatocage
@SaltySpitoon
@philipma1957
@Cyrus
@Blazed
@hilariousandco

do you trust OgNasty now?

my evidence was only gathered from a brief look, if you feel strongly about this buddy I would recommend that you look for further proof of OG shilling this asset..

[Last of the V8s]

Some great finds and commentary in the op.

calling:
@theymos
@HostFat
@dooglus
@Maged
@dserrano5
@OgNasty
@Tomatocage
@SaltySpitoon
@philipma1957
@Cyrus
@Blazed
@hilariousandco

do you trust OgNasty now?

my evidence was only gathered from a brief look, if you feel strongly about this buddy I would recommend that you look for further proof of OG shilling this asset..

I do not have feelings for OgNasty.
Well maybe a tiny bit of sneaking admiration. To perpetuate his scamming for so long, to make so little money while at it and contributing to making the forum and theymos himself irrelevant for so long, it's a feat, no?
Also a feeling of disgust, eww scammers, all that.
But mostly meh.

[TMAN]

It would be beneficial to hear from OG why it's acceptable for him to shill this club and then later turn it around and say it's not an investment but just a way of having fun.

I feel that as he isn't disclosing the fun factor from the start he is actually conning all those newcomers who invest

[Quickseller]

I think this is a good example of a frivolous accusation.

[TMAN]

I think this is a good example of a frivolous accusation.

I think this is a great example of actually providing proof when an accusation is made. Maybe you should take a leaf out of my book for your own accusations or just shut the fuck up..

Either or is good with me QS..  Have to also say I am not surprised you popped up in the thread, I mean he did take you for 5BTC as well.. what are those seats worth now QS?

[OgNasty]

I don't live off the charity of NastyFans.  I'm the one that makes the donations, so it would be more accurate to say that NastyFans lives off my charity.  I also don't run NastyFans, so unless your complaint is that I donate money to a public organization of Bitcoin users and that is bad, you must be confused.

This is another pathetic attempt (the most pathetic yet) to get my attention and try to discredit me.  Those joining in on this pathetic pitchfork campaign only show why they should not be trusted or given any sort of responsibility here.  

I urge those that disagree with these pathetic smear tactics to exclude the users participating in this behavior from your trust network to let them know what you think of their ability to evaluate trust.  Here is how you do it.

1. Click here: https://bitcointalk.org/index.php?action=trust
2. Copy and paste the following to your Trust List:
~TMAN
~aTriz
~nullius
~Last of the V8s
3. Click Update

NASTYFANS INTRODUCTION:
NastyFans is a Fan Club for Bitcoin Enthusiasts established in 2012 by nonnakip to bring a fun project to the Bitcoin community.

WARNING: NASTYFANS GIVES NO PROMISE OF PROFIT

oh and for the members not aware Og is currently being paid 6BTC a year to hold these funds.

At least he's clear about why he's so jealous and spending so much time and energy attacking me as a result.

I imagine your claims and actions will become more and more desperate as time passes

yes Bitcoin is great, bitcoin feeds my kids

[TMAN]

I don't live off the charity of NastyFans.  I'm the one that makes the donations, so it would be more accurate to say that NastyFans lives off my charity.  I also don't run NastyFans, so unless your complaint is that I donate money to a public organization of Bitcoin users and that is bad, you must be confused.

This is another pathetic attempt (the most pathetic yet) to get my attention and try to discredit me.  Those joining in on this pathetic pitchfork campaign only show why they should not be trusted or given any sort of responsibility here.  

I urge those that disagree with these pathetic smear tactics to exclude the users participating in this behavior from your trust network to let them know what you think of their ability to evaluate trust.  Here is how you do it.

1. Click here: https://bitcointalk.org/index.php?action=trust
2. Copy and paste the following to your Trust List:
~TMAN
~aTriz
~nullius
~Last of the V8s
3. Click Update

I imagine your claims and actions will become more and more desperate as time passes

I dont want your attention, I want you to answer the question...

as you cant because you have been caught in a web of deceit, you use the same tactics as a scared child and just attack.

this is not a pitchfork attack, these are your words.. I cannot believe that theymos actually still trusts you as you try to peel satoshi's from newcomers hands.

as for Nastyfans - this is just some cloak and dagger shit to hide the IPO that you ran.. when this all comes tumbling down I am sure the SEC will take all of 3 nanoseconds to see through it.

anyway to counter the above.

if you agree with me and the other inteligent people coming in this thread to post...

1. Click here: https://bitcointalk.org/index.php?action=trust
2. Copy and paste the following to your Trust List:
~OgNasty
~Quickseller
3. Click Update

have a great day people - and don't let this man touch a satoshi of your coins

[TheNewAnon135246]

I hope this shit slinging stops soon since it is getting a bit old. I do agree with Tman that you're contradicting yourself.

NASTYFANS INTRODUCTION:
NastyFans is a Fan Club for Bitcoin Enthusiasts established in 2012 by nonnakip to bring a fun project to the Bitcoin community.

WARNING: NASTYFANS GIVES NO PROMISE OF PROFIT

NastyFans has been around since 2012 and has made over 200 distributions to "seat" owners.  There is no more reputable or dependable investment in the BTC space.

More info here: https://bitcointalk.org/index.php?topic=86854.0

Website: https://nastyfans.org/

You shouldn't claim 'that there is no more reputable or dependable investment in the BTC space' while that is obviously not the case with NastyFans, even if you post a disclaimer in your topic. This is very misleading and can/will cause newcomers to lose money. It's fine to run a club of 'enthusiasts' but don't claim that is the most reputable investment in the Bitcoin space.

[OgNasty]

You shouldn't claim 'that there is no more reputable or dependable investment in the BTC space' while that is obviously not the case with NastyFans, even if you post a disclaimer in your topic. This is very misleading and can/will cause newcomers to lose money. It's fine to run a club of 'enthusiasts' but don't claim that is the most reputable investment in the Bitcoin space.

If you are losing money on NastyFans seats you’re doing something horribly wrong, because the performance measured in money has absolutely decimated all traditional investments.

However, I’m fine to not refer to it as an investment.  I’ve updated the post from 2016 to avoid confusion.

[MadZ]

Being unprofitable does not make something a scam. It is up to investors to do their due diligence when choosing to invest, and, in my opinion, OG is relatively transparent on what is being offered. As far as I am aware, NastyFans primarily source of "donations" is the mining operations. It should be obvious to anyone that if you invest in mining hardware using Bitcoin, your investment will depreciate if Bitcoin's price increases, as your BTC is essentially being converted to USD at the point mining hardware is initially purchased. BTC's price has skyrocketed in the past few months, of course shares will perform poorly when denominated in BTC because of this. However, I didn't see anyone complaining when seat prices increased by 3 times in 2015, thanks to Bitcoin's depreciation. In addition to this, mining hardware inevitably becomes obsolete over time as the mining difficulty increases. None of this should be a surprise to anyone, and it certainly doesn't make OG a scammer just because people are unable to make these logical conclusions.

Just my 2 cents on the matter. I believe my position is relatively unbiased on this, as you can see from my quote in the OP.

[TMAN]

Being unprofitable does not make something a scam. It is up to investors to do their due diligence when choosing to invest, and, in my opinion, OG is relatively transparent on what is being offered. As far as I am aware, NastyFans primarily source of "donations" is the mining operations. It should be obvious to anyone that if you invest in mining hardware using Bitcoin, your investment will depreciate if Bitcoin's price increases, as your BTC is essentially being converted to USD at the point mining hardware is initially purchased. BTC's price has skyrocketed in the past few months, of course shares will perform poorly when denominated in BTC because of this. However, I didn't see anyone complaining when seat prices increased by 3 times in 2015, thanks to Bitcoin's depreciation. In addition to this, mining hardware inevitably becomes obsolete over time as the mining difficulty increases. None of this should be a surprise to anyone, and it certainly doesn't make OG a scammer just because people are unable to make these logical conclusions.

Just my 2 cents on the matter. I believe my position is relatively unbiased on this, as you can see from my quote in the OP.

Selling something as a bitcoin investment which the seller knows will depreciate against bitcoin is a scam to me fella. Interested to hear others thoughts

[OgNasty]

Being unprofitable does not make something a scam.

Agreed.  However, NastyFans has no costs so being "unprofitable" is an impossibility.  Anyone who has lost BTC on NastyFans seats has done it as a result of buying high and selling low on a public auction, which is not the fault of NastyFans.  If you bought Apple stock at the all time high and then sell it a week later at a loss, that doesn't make Apple a scam, nor does it make it unprofitable. You would have to have absolutely no experience trading in public markets, no financial education, and a lack of financial intelligence to believe otherwise.  Enter, TMAN.

Edited for emphasis

[TMAN]

Being unprofitable does not make something a scam.

Agreed.  However, NastyFans has no costs so being "unprofitable" is an impossibility.  Anyone who has lost BTC on NastyFans seats has done it as a result of buying high and selling low on a public auction, which is not the fault of NastyFans.  If you bought Apple stock at the all time high and then sell it a week later at a loss, that doesn't make Apple a scam, nor does it make it unprofitable.  You would have to have absolutely no experience trading in public markets, no financial education, and a lack of financial intelligence to believe otherwise.  Enter, TMAN.

If I bought a minted seat 12 months ago i would be losing BTC compared to buying now..

If I bought at IPO the same seat is worth about 100x less. Divs/donations aside.

You are saying that buying on the auction is a bad idea yet you also encourage users to do so...

Don't you get it??

[OgNasty]

If I bought a minted seat 12 months ago i would be losing BTC compared to buying now..

If you bought Bitcoin in mid-December you'd have lost money compared to buying it now...

Is Bitcoin a scam, or are you a moron?  One has to be true considering your logic.

There, you got a response from me.  Mommy watched your trick.  Now get a life.