Bitcoin Forum
December 06, 2016, 06:11:28 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 »
  Print  
Author Topic: Putting your money where Pirate's mouth is.  (Read 68236 times)
imsaguy
General failure and former
VIP
Hero Member
*
Offline Offline

Activity: 574

Don't send me a pm unless you gpg encrypt it.


View Profile WWW
July 12, 2012, 01:22:30 AM
 #321

if pirate is running a ponzi, and takes off, wouldn't that torpedo GPUmax, which looks like it could generate serious revenue once he opens it up to the public (exits beta) ?

Okay, this is an honest question: How could GPUmax generate serious revenue?


"shares", or hashes to solve the next block, already have a price, denominated as a fraction of a block of 50BTC. That fraction of a bitcoin already has a price set on MtGox. Who would pay more for your shares than you would get by submitting them to a pool?


Ah, yes GPUmax is also a ponzi, the 'ol ponzi double down, the 'ol ponzi2

blinking LEDs.

Ponzi.

Coming Soon!™ © imsaguy 2011-2013, All rights reserved.

EIEIO:
https://bitcointalk.org/index.php?topic=60117.0

Shades Minoco Collection Thread: https://bitcointalk.org/index.php?topic=65989
Payment Address: http://btc.to/5r6
1481047888
Hero Member
*
Offline Offline

Posts: 1481047888

View Profile Personal Message (Offline)

Ignore
1481047888
Reply with quote  #2

1481047888
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481047888
Hero Member
*
Offline Offline

Posts: 1481047888

View Profile Personal Message (Offline)

Ignore
1481047888
Reply with quote  #2

1481047888
Report to moderator
1481047888
Hero Member
*
Offline Offline

Posts: 1481047888

View Profile Personal Message (Offline)

Ignore
1481047888
Reply with quote  #2

1481047888
Report to moderator
1481047888
Hero Member
*
Offline Offline

Posts: 1481047888

View Profile Personal Message (Offline)

Ignore
1481047888
Reply with quote  #2

1481047888
Report to moderator
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 1946


Poor impulse control.


View Profile WWW
July 12, 2012, 01:54:36 AM
 #322

Huh. There's a rate of only 0.596 mentions of "ponzi" per post so far (including this one).

Come on guys! Ponzi up a little! (0.602 ponzis per post now).

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
Hexadecibel
Human Intranet Liason
VIP
Hero Member
*
Offline Offline

Activity: 536


I still <3 u Satoshi


View Profile
July 12, 2012, 04:09:04 AM
 #323

That thing pirate does is most likely a ponzi.

But on the other hand, if he owns gpumax.com and that too was a ponzi, you would think that they would have gone through the minimal effort to obfuscate the whois lookup for the domain name.

The name and address is probably fake, or just one of his lackey's... though I think falsifying domain registry credintials is against the law, but so is running a ponzi scheme right?...
Or do we already know who pirate is?

Honestly I've only been paying half attention.


Whenever I see pirate come up in a thread I do think of this though:


myrkul
Hero Member
*****
Offline Offline

Activity: 532


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
July 12, 2012, 04:40:21 AM
 #324

Honestly I've only been paying half attention.

But you're fully baked.  Perfect qualifications for posting to this thread forum.

Fixed.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 1946


Poor impulse control.


View Profile WWW
July 12, 2012, 04:51:16 AM
 #325

That thing pirate does is most likely a ponzi.

But on the other hand, if he owns gpumax.com and that too was a ponzi, you would think that they would have gone through the minimal effort to obfuscate the whois lookup for the domain name.

The name and address is probably fake, or just one of his lackey's... though I think falsifying domain registry credintials is against the law, but so is running a ponzi scheme right?...
Or do we already know who pirate is?

Honestly I've only been paying half attention.


Whenever I see pirate come up in a thread I do think of this though:





I think usagi might be a little pissed if he reads that: https://bitcointalk.org/index.php?topic=85444.0

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
mp420
Hero Member
*****
Offline Offline

Activity: 501


View Profile
July 12, 2012, 04:54:52 AM
 #326

I liked the original Bitcoin Ponzi Scheme (the one that advertised itself as such) far more. No one was even trying to imply it would work in the long term.

I'm not exactly sure Vandroiy will win this bet. It depends a lot on the structure of Pirate's ponzi. If his victims are confident enough he can lower the interest rates gradually so that eventually the scam can go on for a few years. For example 2% weekly interest would only require the size of the aggregate investment multiplying (roughly) by the factor of eight annually to keep Pirate's funds growing.  1% weekly would need less than 300% yearly growth.

Nothing other than ponzi could generate these kinds of returns, of course. So I'm quite rationally assuming BS&T is not a legit business.
SimBesh
Member
**
Offline Offline

Activity: 89



View Profile
July 12, 2012, 05:17:01 AM
 #327

I liked the original Bitcoin Ponzi Scheme (the one that advertised itself as such) far more. No one was even trying to imply it would work in the long term.

I'm not exactly sure Vandroiy will win this bet. It depends a lot on the structure of Pirate's ponzi. If his victims are confident enough he can lower the interest rates gradually so that eventually the scam can go on for a few years. For example 2% weekly interest would only require the size of the aggregate investment multiplying (roughly) by the factor of eight annually to keep Pirate's funds growing.  1% weekly would need less than 300% yearly growth.

Nothing other than ponzi could generate these kinds of returns, of course. So I'm quite rationally assuming BS&T is not a legit business.

phantitox
Sr. Member
****
Offline Offline

Activity: 370



View Profile
July 12, 2012, 05:29:02 AM
 #328



what level are we?  Grin
Hexadecibel
Human Intranet Liason
VIP
Hero Member
*
Offline Offline

Activity: 536


I still <3 u Satoshi


View Profile
July 12, 2012, 05:29:13 AM
 #329

That thing pirate does is most likely a ponzi.

But on the other hand, if he owns gpumax.com and that too was a ponzi, you would think that they would have gone through the minimal effort to obfuscate the whois lookup for the domain name.

The name and address is probably fake, or just one of his lackey's... though I think falsifying domain registry credintials is against the law, but so is running a ponzi scheme right?...
Or do we already know who pirate is?

Honestly I've only been paying half attention.


Whenever I see pirate come up in a thread I do think of this though:





I think usagi might be a little pissed if he reads that: https://bitcointalk.org/index.php?topic=85444.0

haha oh nice...
phantitox
Sr. Member
****
Offline Offline

Activity: 370



View Profile
July 12, 2012, 06:17:17 AM
 #330



what level are we?  Grin

Level 3? That thing shows it growing by a factor of 6. How long does it take to get 6 times your money at 7% a week? Months....

edit: assuming that this is a ponzi... not that i think it is...

nah i dont think is a ponzi neither, i'm just curious to know, at what level are we  Grin
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 1946


Poor impulse control.


View Profile WWW
July 12, 2012, 06:18:54 AM
 #331



what level are we?  Grin

Level 3? That thing shows it growing by a factor of 6. How long does it take to get 6 times your money at 7% a week? Months....

edit: assuming that this is a ponzi... not that i think it is...

Nah. Not applicable here, Goat. That there's a Pyramid Ponzi.

Now, what we got over here is a Bitcoin Ponzi. Completely different. One is pointy, the other isn't.

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
phantitox
Sr. Member
****
Offline Offline

Activity: 370



View Profile
July 12, 2012, 06:24:07 AM
 #332



what level are we?  Grin

Level 3? That thing shows it growing by a factor of 6. How long does it take to get 6 times your money at 7% a week? Months....

edit: assuming that this is a ponzi... not that i think it is...

Nah. Not applicable here, Goat. That there's a Pyramid Ponzi.

Now, what we got over here is a Bitcoin Ponzi. Completely different. One is pointy, the other isn't.

so, what would be the shape of the Bitcoin Ponzi ? Undecided
myrkul
Hero Member
*****
Offline Offline

Activity: 532


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
July 12, 2012, 06:25:41 AM
 #333



what level are we?  Grin

Level 3? That thing shows it growing by a factor of 6. How long does it take to get 6 times your money at 7% a week? Months....

edit: assuming that this is a ponzi... not that i think it is...

Nah. Not applicable here, Goat. That there's a Pyramid Ponzi.

Now, what we got over here is a Bitcoin Ponzi. Completely different. One is pointy, the other isn't.

so, what would be the shape of the Bitcoin Ponzi ? Undecided

The one we've created.... a pyramid within a pyramid.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
pirateat40
Avast Ye!
Sr. Member
****
Offline Offline

Activity: 378


"Yes I am a pirate, 200 years too late."


View Profile WWW
July 12, 2012, 06:27:09 AM
 #334


fatigue
Full Member
***
Offline Offline

Activity: 196


Bitcoin is a food group.


View Profile
July 12, 2012, 06:27:50 AM
 #335



+1  Grin
phantitox
Sr. Member
****
Offline Offline

Activity: 370



View Profile
July 12, 2012, 06:34:46 AM
 #336



what level are we?  Grin

Level 3? That thing shows it growing by a factor of 6. How long does it take to get 6 times your money at 7% a week? Months....

edit: assuming that this is a ponzi... not that i think it is...

Nah. Not applicable here, Goat. That there's a Pyramid Ponzi.

Now, what we got over here is a Bitcoin Ponzi. Completely different. One is pointy, the other isn't.

so, what would be the shape of the Bitcoin Ponzi ? Undecided

The one we've created.... a pyramid within a pyramid.

pyramidception? Roll Eyes
phantitox
Sr. Member
****
Offline Offline

Activity: 370



View Profile
July 12, 2012, 06:35:58 AM
 #337



HAHAHA Hell yeah im making one of those tomorrow  Grin
mp420
Hero Member
*****
Offline Offline

Activity: 501


View Profile
July 12, 2012, 09:22:35 AM
 #338

I can't for my life think of why anyone would think ANYTHING borrowing money en masse and paying 7% (or 5%, or 1%) weekly interest would be anything but a scam. Unless there's hyperinflation that eats away the interest. But we're talking about bitcoins, not Zimbabwean dollars.

It is a mathematical certainty that Pirate is a scammer.

Also, if you really don't understand numbers, and you want an EMOTIONAL reason to be afraid of Pirate, I'd say, to me, he has the AURA of someone who's pulled off scams before.
SimBesh
Member
**
Offline Offline

Activity: 89



View Profile
July 12, 2012, 09:49:26 AM
 #339

I can't for my life think of why anyone would think ANYTHING borrowing money en masse and paying 7% (or 5%, or 1%) weekly interest would be anything but a scam. Unless there's hyperinflation that eats away the interest. But we're talking about bitcoins, not Zimbabwean dollars.


Well then you'd better get off this forum, because it's full of scammers -> https://bitcointalk.org/index.php?topic=81542.0



Also, if you really don't understand numbers, and you want an EMOTIONAL reason to be afraid of Pirate, I'd say, to me, he has the AURA of someone who's pulled off scams before.

well, now i've heard everything
mp420
Hero Member
*****
Offline Offline

Activity: 501


View Profile
July 12, 2012, 09:55:25 AM
 #340


Well then you'd better get off this forum, because it's full of scammers -> https://bitcointalk.org/index.php?topic=81542.0

Yes, I believe, if these schemes (other than those that openly piggyback on Pirate) have no upper limit on deposits they're scams alright.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!