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Author Topic: Putting your money where Pirate's mouth is.  (Read 68258 times)
dust
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September 17, 2012, 02:51:33 AM
 #741

But I can.  Find a trusted escrow and Ill bet you anything you put in it.

Classic.  Is this the most expensive sentence ever typed into this forum?

At current $/BTC exchange rates, this was a pretty hefty bet by any yard stick.  I'm surprised we haven't seen any mainstream press pick up this story.  I can just see the headline, "Local Man Wins $119,000 In Bet With Ponzi Operator".
BurtW's BTC10k bet was bigger, although there is no proof he deposited that amount: https://bitcointalk.org/index.php?topic=97094.0

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myrkul
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September 17, 2012, 02:55:54 AM
 #742

Next time, how about restricting operator privileges in #bitcoin-otc to more neutral parties? Not a user running the biggest scam on the scene.

Scam, not scam, doesn't matter. People with a vested interest in silencing detractors probably shouldn't be able to at a whim.

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September 17, 2012, 03:58:51 AM
 #743

Next time, how about restricting operator privileges in #bitcoin-otc to more neutral parties? Not a user running the biggest scam on the scene.

Scam, not scam, doesn't matter. People with a vested interest in silencing detractors probably shouldn't be able to at a whim.

That's a safe rule at any time.
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Poor impulse control.


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September 17, 2012, 06:32:49 AM
 #744

Next time, how about restricting operator privileges in #bitcoin-otc to more neutral parties? Not a user running the biggest scam on the scene.

Scam, not scam, doesn't matter. People with a vested interest in silencing detractors probably shouldn't be able to at a whim.

That's a safe rule at any time.

You should probably be allowed to silence anyone who makes fun of your hair though.

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September 17, 2012, 06:42:59 AM
 #745

Next time, how about restricting operator privileges in #bitcoin-otc to more neutral parties? Not a user running the biggest scam on the scene.

Scam, not scam, doesn't matter. People with a vested interest in silencing detractors probably shouldn't be able to at a whim.

That's a safe rule at any time.

You should probably be allowed to silence anyone who makes fun of your hair though.

Making fun of hair sounds off topic to me.
 
I apologize, I did not realize I was speaking to Donald Trump all this time.  I thought I was speaking to his hair.

I'm a big fan of silencing people who take a purpose-oriented channel and treating it as a salon.  One can create -talk or -chat channels if they want to talk about fartpeppers 99.9% of the time. (Assuming the channel is not #fartpeppers)
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September 17, 2012, 11:06:36 PM
 #746

Code:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

nanotube has sent the escrowed 10'000 BTC for the bet concerning BS&T default.

This concludes the bet. Thank you, nanotube, for being a great arbiter and operating the #bitcoin-otc Web of Trust.

With no meaning attached, I sign the word "Puppet" along with this message. Tadah! ;D

2012-09-18
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Vandroiy: Speech? Smiley

Yea, I probably should do some concluding post. On a lot of things. But not now, just got back from London. (Which was awesome. Smiley )
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September 17, 2012, 11:16:36 PM
 #747

wOOt. Now I have to make a tshirt with that hash Smiley
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September 17, 2012, 11:18:11 PM
 #748

Signature verified. Thank you Vandroiy for the confirmation.

Code:
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

nanotube has sent the escrowed 10'000 BTC for the bet concerning BS&T default.

This concludes the bet. Thank you, nanotube, for being a great arbiter and operating the #bitcoin-otc Web of Trust.

With no meaning attached, I sign the word "Puppet" along with this message. Tadah! ;D

2012-09-18
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Vandroiy: Speech? :)

Yea, I probably should do some concluding post. On a lot of things. But not now, just got back from London. (Which was awesome. :) )

Join #bitcoin-market on freenode for real-time market updates.
Join #bitcoin-otc - an over-the-counter trading market. http://bitcoin-otc.com
OTC web of trust: http://bitcoin-otc.com/trust.php
My trust rating: http://bitcoin-otc.com/viewratingdetail.php?nick=nanotube
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September 18, 2012, 12:15:37 AM
 #749

Yea, I probably should do some concluding post. On a lot of things. But not now, just got back from London. (Which was awesome. Smiley )

Thanks for having the courage to put your money where your mouth is.

Hopefully the strength of your conviction was enough to keep at least some suckers away from the scam.

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March 19, 2013, 08:23:59 PM
 #750

With a corporate bond, the company itself is the borrower. And all the lenders (bond buyers) know the business of the company selling the bond. Apple might not release schematics and construction details of the iPad, but all their devices being sold in stores is evidence of actual profit generation. That's the extraordinary evidence which everyone can see.

Of course, even with AAA ratings it turned out that all the mortgage-backed-securities was a just a network of ponzi paper (the largest in history). And companies selling shares on stock exchanges much more reputable than GLBSE turn out to be fraudulent. Look at the report on Huabao, China's largest flavor and fagrance company by Anon Analytics.

Watch some episodes of American Greed, my favorite one is The Rise and Fall of CyberNet. The guy created fake invoices of big orders from Boeing, IBM, etc. to convince banks that he had their business. When the bankers came for a visit, he gave them a tour of his datacenter of server racks and blinking LEDs. It turned out the boxes were empty! No actual servers, just blinking LEDs. And with that the banks became his lenders.

Most of the other episodes are much more mundane ponzi schemes ripping off far less sophisticated "investors". Fraud is so commonplace among people offering returns that its the rule. Not the exception.

Butterfly Labs took pre-orders and everyone was rightly skeptical. Then they shipped (extraordinary evidence). Same for Bitcoin Magazine. Does BitInstant or Bit-Pay, or MtGox or Bitcoinica or Bitstamp offer returns to investors? [edit: i mean crazy returns to most any investor]. Hell, does Silk Road? No, because those are all businesses actually generating profit.

"First they ignore you, then they ridicule you, then they fight you, then you win."
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March 19, 2013, 08:58:40 PM
 #751

I think maybe you stumbled into the wrong thread here, MarlboroMan!

It is futile to speak of liberty as long as economic slavery exists.

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