marcotheminer - con[fidence] man

[Quickseller]

Well, if Marco's scheme involved going long, Magneto may be in good shape. If it involved going short, not so much. I'd like to see how it all plays out too. Better get some needed supplies ready.

Im sorry, but what do you think giving him more negative trust is going to accomplish? He already has multiple negative ratings warning others about him being late on loans and that his behavior is indicative of trying to pull an exit scam.

I can’t imagine what additional negative ratings could possibly say that would get someone to change their mind about trusting him.

Because 3 different defaults on three different occasions is worse than 2 defaults on 2 occasions. We will see. If Magneto doesn't complain, then I won't chime in. I probably won't chime in if someone else new joins in the red paint party either.

Get your facts straight if you're going to keep up with the Marco. I haven't defaulted 3x on loans..

Um, if you look at the whole context, I haven't accused you of defaulting on 3x loans at this time. I was only responding to why I would leave more negative trust if and when you do. As long as I don't see evidence of Magneto complaining, I will assume that you two are working it out in a manner that is acceptable to both parties.

We have been communicating on telegram. Marco stated that he needed an extension and I did allow it. Due date is now end of the week.

I don’t understand why he doesn’t give himself additional time to repay the loans he takes out when he ‘applies’ for his loans. He clearly is having trouble obtaining money to repay on a timely basis and should give himself a cushion in coming up with his money so his lenders are not consistently being paid after when they expect to receive their money.

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[LFC_Bitcoin]

At least poll shows no one believes I will exit-scam.

Only because the amount isn't high enough for an exit scam.

Spot on Loyce, I think he MAY be building up to one.

[LoyceV]

So you're telling me that you already have a figure in mind that is "high enough" for exit-scamming?

I think Serious lender needed 3,000-5,000 EUR. 3 weeks. was a good indication of the amount that's "high enough", and that's why I added a red tag to my neutral tag when you posted that topic.

[The Sceptical Chymist]

I don’t understand why he doesn’t give himself additional time to repay the loans he takes out when he ‘applies’ for his loans.

From all the posts I've read of his, it looks like he might just be getting his jollies on jerking lenders around.  Clearly he has no compunctions about gambling with other people's money and repaying it whenever he feels like it--and all the while publicly making very glib statements which inspire no confidence that he's going to honor his obligations.

I think marcotheminer would be better off borrowing money from family or friends instead of playing these games with lenders on bitcointalk.  However, it's quite possible that people who know him personally might recognize that he's basically borrowing money for gambling purposes.  Perhaps it's not traditional casino gambling, but he's using the borrowed funds to engage in trades that are probably risky (unless I've misread something).  F&F may not want to support this.  With his history, I don't think members here should be either.  Note:  I'm not saying the above scenario is reality.  It's just something that's crossed my mind while reading these threads.

Spot on Loyce, I think he MAY be building up to one.

I do, too.  I also think that if it should happen that he loses money on one of these trades and is unable to repay the loan, he might have no qualms about just disappearing for good.  That's a bit different from a planned exit scam, but it's possible either could happen.

Edit, didn't mean to post consecutively:

It seems really strange that people are making a huge deal about these small sums of money.  People are constantly scamming millions with fake projects and millions gone through electrum hacks yet these small timers get more attention.  I guess its more emotional when its a person you have known for years?

Yeah, why do cops even bother with enforcing speed limits when there are people like Bernie Madoff who scammed investors for hundreds of millions of dollars?

I might have thought like that back in high school, but fortunately my worldview matured over the years.

[LFC_Bitcoin]

At least poll shows no one believes I will exit-scam.

Only because the amount isn't high enough for an exit scam.

Spot on Loyce, I think he MAY be building up to one.

It seems really strange that people are making a huge deal about these small sums of money.  People are constantly scamming millions with fake projects and millions gone through electrum hacks yet these small timers get more attention.  I guess its more emotional when its a person you have known for years?

Fake projects usually do one exit scam that’s why they’re talked about less. Obviously when it happens & it’s fresh in the mind it’s talked about a lot & everybody gives them red trust but after a while people don’t mention it very often. Also there’s nothing we can do to prevent a big exit scam, because it probably happened unexpectedly.

marcotheminer is consistently poor at repaying loans on time. It happens repeatedly so obviously people are going to make a big deal out of it because he keeps coming here & messing people about.
Leaving him trust is proactive rather than reactive, we suspect he could be a potential scammer because he is showing the traits of one.

We have a chance to stop him doing a big exit scam BEFORE it happens. This is why people are making a big deal out of it. I don’t want to see him disappear with lots of some poor bastards money.

[LoyceV]

It seems really strange that people are making a huge deal about these small sums of money.  People are constantly scamming millions with fake projects and millions gone through electrum hacks yet these small timers get more attention.  I guess its more emotional when its a person you have known for years?

Instead of criticising others (while burst-posting for your signature), you're free to open a scam accusation against the scammers who stole millions.

Just for your information, I recently opened one about potentially a very large amount. I don't really care about the amount involved when it comes to exposing scams on the forum.

[LFC_Bitcoin]

Ok I probably came off in a wrong manner.  All thiefs/ scammer should be dealt with.  I just find it kind of unfortunate that more isn't being done to prevent fake projects, scam casinos, malicious software.  This was just more of a rant.  I get that these are harder to deter since we are dealing with smart criminals.


There are always exchanges getting "hacked" aka exit scam, fake wallets on the google store, etc.  This stuff really deters new crypto users.  I don't see how your average joe would feel safe using cryptocurrency with all these things happening.  Mainstream people are going to feel much safer with banks and credit cards.

People get their credit cards cloned all the time & take phone calls from scammers who trick them into getting their identity details etc.

My gf had her credit card done for just over £500 not long back. Somebody used it to buy some stuff on a guest Paypal account.

Wherever money is involved there will be scammers. We just have to try our best to be vigilant. It could be argued that anybody with half a brain using bitcoin won’t get scammed. Use cold storage & a clean PC to make transactions & you won’t get scammed.

I use one laptop for nothing other than bitcoin. No movies, no downloading torrents, no porn & guess what - No chance of being hacked.

[turtletime]

I have family members and friends that go wont go anywhere near crypto because they think its unsafe.  I do see their points, once your crypto is gone you have zero chance to recover it.  Even with credit card fraud you can get your money refunded in the majority of cases.  Centralization does have some benefits

[suchmoon]

I have family members and friends that go wont go anywhere near crypto because they think its unsafe.  I do see their points, once your crypto is gone you have zero chance to recover it.  Even with credit card fraud you can get your money refunded in the majority of cases.  Centralization does have some benefits

I don't know how this became the fiat shilling thread, but you're simply wrong. Credit cards just shift the burden onto merchants and subsequently back onto the card users. Merchants pay exorbitant fees and in many cases have to eat the losses for fraudulent purchases, so the prices include all that "insurance" and you can't opt out of it. On top of that, banks have all your vitals and have proven to be unable to protect that info thus subjecting you to identity theft. "Safe" is not a benefit I would associate with consumer fiat banking.

With crypto you're at least in control of your money, for real. Perhaps some people just don't like to take personal responsibility, which brings us back to the topic at hand - marcotheminer infecting crypto with the worst practices of fiat lending.

[Butterscotch Cartman]

Someone that has been reigstered since 2013 and has to take out loans?

Looks like someone missed the Ethereum boat when it was less than a dollar

[marcotheminer]

At least poll shows no one believes I will exit-scam.

Only because the amount isn't high enough for an exit scam.

Spot on Loyce, I think he MAY be building up to one.

It seems really strange that people are making a huge deal about these small sums of money.  People are constantly scamming millions with fake projects and millions gone through electrum hacks yet these small timers get more attention.  I guess its more emotional when its a person you have known for years?

Fake projects usually do one exit scam that’s why they’re talked about less. Obviously when it happens & it’s fresh in the mind it’s talked about a lot & everybody gives them red trust but after a while people don’t mention it very often. Also there’s nothing we can do to prevent a big exit scam, because it probably happened unexpectedly.

marcotheminer is consistently poor at repaying loans on time. It happens repeatedly so obviously people are going to make a big deal out of it because he keeps coming here & messing people about.
Leaving him trust is proactive rather than reactive, we suspect he could be a potential scammer because he is showing the traits of one.

We have a chance to stop him doing a big exit scam BEFORE it happens. This is why people are making a big deal out of it. I don’t want to see him disappear with lots of some poor bastards money.

Consistently? Yeah, I've been late this past month. I've made everyone I've dealt with money at the end of the day. If I take a week extra and the lender is comfortable or at least can bear with it for extra interest - I think it can be OK. Not acceptable per-se but OK. I definitely don't fucking aim for that (look at the outcome boys and girls a whole bunch of cops come out). One of my points: It's not demanding of red/scammer trust/tag.

"We suspect". Right, because "we" have never been wrong before. Were you even active from 2014 onwards when you registered?.. Don't answer, rhetorical. Again, people who trust me trust me for a reason and will likely continue to do so.

I have no interest in stealing from people. I'm making people I work with money at the end of the day and will continue doing so red trust of not. For now, I've had 3 late loans (1 of which is late-pending). Actually it might be only 2 late loans (including the pending one now), though I would need to go back and check - funny that no one once posted thread links for my late loans - more of a direct: "He's been late .. uh .. NUMEROUS TIMES .. get him" kind of thing.

Anyway, you're not being "proactive" in any sense of the word. Crypto and insane paranoia go hand in hand, but add some common sense and your time is better spent elsewhere (which I why I rarely argue for this to be resolved anymore, no point when people's minds/opinions are set in stone, only time will prove my points).

Someone that has been reigstered since 2013 and has to take out loans?

Looks like someone missed the Ethereum boat when it was less than a dollar

Yeah tell me about it.. Had a couple - but sold when I needed the cash. From 2016 I exited the Crypto and focused elsewhere.

I needed the bubble to pass. Today there are plenty opportunities - minus the hype/over excitement/delusions.

[Vod]

It's not demanding of red/scammer trust/tag.

My trust is spot on.  You don't understand what defaulting on a loan means.  You still think you've done nothing wrong.. lol

[suchmoon]

The result of the poll was:

Code:

Will marcotheminer...
disappear quietly with the 0.05 BTC       0 (0%)
troll everyone on the way out             3 (17.6%)
repay it late and borrow again           14 (82.4%)
repay it late, never borrow again [...]   0 (0%)

Well...

https://bitcointalk.org/index.php?topic=5132772

I have updated the poll 

[Quickseller]

There isn’t even an option to say he will repay on time.

[suchmoon]

There isn’t even an option to say he will repay on time.

Fair enough, added.

[DireWolfM14]

There isn’t even an option to say he will repay on time.

Your optimism is noted, and should be revered.  But, statistically speaking most would put the odds of that happening at slim to none. 

[Quickseller]

There isn’t even an option to say he will repay on time.

Your optimism is noted, and should be revered.  But, statistically speaking most would put the odds of that happening at slim to none. 

I find it unlikely that he will repay on time, but IMO he is trying to offer the best terms for a lender without considering the possibility he won’t have the money in time. I don’t think he would have difficulty getting loans with similar interest offered but with repayment dates when he actually repaid instead of the due dates he initially said he would repay.

I also doubt the lenders had a pressing need for the money immediately after the original due dates. The consistently in what I see to be disrespecting lenders by telling them he will repay earlier than he actually does it what turns me off about these loans.

I don’t think he will default on a 0.03 loan, although he may be trying to repair his reputation and when he realizes he cannot, he may eventually default on a loan this size.

[bones261]

I thought marcotheminer was considering changing his tactics and actually promising a longer time frame to pay the loan. However, I see that he set the due date for only a week. Anyone offering a loan to him at this point must actually be hoping he is late again so that they can earn more penalty interest.

[AB de Royse777]

Here is my response. I am glad that OP had this in mind to add it in the pool



And I am pretty sure about it LOL

I do not see any other reason for him to ask for loans after all these happened with marcotheminer unless he ask for very very big amount. :-P

[nutildah]

I like these polls. They're even more fun than the Wall Observer polls.

So far conventional wisdom has proven itself to be correct, but will it prevail the next time around?

Stay tuned for next week's episode of Marco Makes a Loan.