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Author Topic: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"  (Read 118782 times)
John (John K.)
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July 28, 2012, 11:40:29 AM
 #101

You might as well as add the whole Lending subforum (https://bitcointalk.org/index.php?board=65.0) to your 'ponzi' thread.  And add the payday lenders to your ponzi thread too.  This is getting ridiculous.

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July 28, 2012, 11:56:29 AM
 #102

This thread is a good example of concern trolling.

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July 28, 2012, 12:39:00 PM
 #103

He is an obvious jerk.
Added to my jerk list, you should be ignoring him and if you didn`t you should do so immediately.

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July 28, 2012, 01:08:43 PM
 #104

Pretty much any mining bond/stock on GLBSE pays out 1.25-2.5% per week. Are all of them scams as well?
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July 28, 2012, 03:14:54 PM
 #105

Having just seen Danks' latest post, I'm also compelled to state that Micon is driving me to the point of defending Dank.

(Hey Dank, I read your posts every day because they are entertaining, as are some of the replies.  Doesn't mean I'd lend to you (it's a risk thing), but I haven't seen evidence of a ponzi from you over the past year.)

1)  Patrick - you seem to be a guy with a good heart, i.e. not looking to scam people - but you are just too stupid to understand what is going on here.  There is no such business that can pay 2% per week interest, save that of top level drug manufacture.


I already proved this as incorrect. Please run a business before you make ignorant comments.
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July 28, 2012, 03:43:27 PM
 #106

He is an obvious jerk.
Added to my jerk list, you should be ignoring him and if you didn`t you should do so immediately.

anyone running a scam would clearly push for me to be silenced

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July 28, 2012, 03:45:15 PM
 #107

Pretty much any mining bond/stock on GLBSE pays out 1.25-2.5% per week. Are all of them scams as well?

mining is an actual business unit that makes money.

however, mining bonds or stocks that pay 2% weekly interest are also unsustainable, and likely scams.  Link me to any and I'll give you my thoughts.   

I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
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July 28, 2012, 03:47:09 PM
 #108

Is pawnbroking a scam because they charge 20% a month ?



a good example of an extremely high yield interest business unit.  Do you believe Pirate is running such a business and is generous enough to share in the profits? how about any of the other ponzi's mentioned in my OP?

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July 28, 2012, 03:51:34 PM
 #109

This thread is a good example of concern trolling.

are you stating that the links in my OP are not scams, and everything is business as usual?   I am just a fraud looking to stir up trouble for no reason?

I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
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July 28, 2012, 04:41:21 PM
 #110

I want to be a Ponzi too! Make me a Ponzi!
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July 28, 2012, 09:21:27 PM
 #111

Pretty much any mining bond/stock on GLBSE pays out 1.25-2.5% per week. Are all of them scams as well?

mining is an actual business unit that makes money.

however, mining bonds or stocks that pay 2% weekly interest are also unsustainable, and likely scams.  Link me to any and I'll give you my thoughts.   

In the WPW thread there is a link to the excellent post from Stochasic listing the performance of various GLBSE assets.
https://bitcointalk.org/index.php?topic=74711.0

#8 FGPAMINING is currently at 3.94%, but for a decent (large) mining business, Giga is still turning out 1.74% and YABMC is at 2.4% (and you'll notice that's me again).

And, to save you the bother, several of these instruments are BS&T pass-throughs.  Again, I am involved here via the PPT.x series of bonds.

What you might notice, is that some people run a diversified portfolio of investments, and maintain returns such as myself.  You should also notice, people do their research before shouting from the roof tops that everything is evil.  I feel like you are some sort of christian missionary trying to save the natives.
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July 28, 2012, 11:02:23 PM
 #112



What you might notice, is that some people run a diversified portfolio of investments, and maintain returns such as myself.  You should also notice, people do their research before shouting from the roof tops that everything is evil.  I feel like you are some sort of christian missionary trying to save the natives.

if you are exposing your portfolio to BS&T or one of the unfortunately many pass-throughs, then you are supporting the largest ponzi scheme.

I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
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July 28, 2012, 11:12:46 PM
 #113



What you might notice, is that some people run a diversified portfolio of investments, and maintain returns such as myself.  You should also notice, people do their research before shouting from the roof tops that everything is evil.  I feel like you are some sort of christian missionary trying to save the natives.

if you are exposing your portfolio to BS&T or one of the unfortunately many pass-throughs, then you are supporting the largest ponzi scheme.

Let me help you here because this is all public.  I have a BS&T account, and have had it since December.  I know who Pirate is, and enough about what he is doing, but I wouldn't disclose that, because trade secrets are just that, secret.  In addition, I know of several methods that I have explained to various forum members over the past year of how to make good returns without resorting to scams.

Within my bitcoin business, I do not have any customer exposed to BS&T, that is purely with my own funds.

If you wish to claim Starfish BCB is some kind of scam, please feel free to express that opinion here.
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July 28, 2012, 11:13:32 PM
 #114



What you might notice, is that some people run a diversified portfolio of investments, and maintain returns such as myself.  You should also notice, people do their research before shouting from the roof tops that everything is evil.  I feel like you are some sort of christian missionary trying to save the natives.

if you are exposing your portfolio to BS&T or one of the unfortunately many pass-throughs, then you are supporting the largest ponzi scheme.

You are comparing apples and weedeaters. Patrick separates his 1% deposits from his pass-through, and he is very transparent with how he makes money.

Either way, Ponzi schemes can be very profitable. I don't think there is anything unethical about gambling with a Ponzi scheme.

Not that Patrick needs me to defend him. But "for real, yo."
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July 28, 2012, 11:30:21 PM
 #115

OgNasty has contacted me and said he would start the process of dismantling his pass-through operation and only continue the mining unit.

I hope he keeps his word / kudos if he does

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July 29, 2012, 12:05:18 AM
 #116

OgNasty has contacted me and said he would start the process of dismantling his pass-through operation and only continue the mining unit.

I hope he keeps his word / kudos if he does

I wouldn't listen to the words of a scammer, so I'll only believe this if the reputable OgNasty publicly states he's shutting down his passthrough.
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July 29, 2012, 12:09:37 AM
 #117

You missed one, Micon.

https://bitcointalk.org/index.php?topic=96163.0

Go get him, boy!

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July 29, 2012, 01:52:14 AM
 #118

Pretty sure Micon is a puppet for that guy who has the huge bet on Pirate defaulting.

Sounds about right.
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July 29, 2012, 02:08:03 AM
 #119

Pretty much any mining bond/stock on GLBSE pays out 1.25-2.5% per week. Are all of them scams as well?

mining is an actual business unit that makes money.

however, mining bonds or stocks that pay 2% weekly interest are also unsustainable, and likely scams.  Link me to any and I'll give you my thoughts.  
XMh/s perpetual mining bonds decrease in value as the network hashrate increases and new mining tech becomes available.  1-2% a week is reasonable when it is backed by real hardware and the principal is gradually decreasing in value.

Pretty sure Micon is a puppet for that guy who has the huge bet on Pirate defaulting.

Sounds about right.
Funny how the people with enough common sense to call out 7% weekly returns are labelled puppets...

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July 29, 2012, 03:55:57 AM
 #120

Either way, Ponzi schemes can be very profitable. I don't think there is anything unethical about gambling with a Ponzi scheme.

Do you find anything unethical about early adopters defending Ponzi scams so that more people buy in (so that they can get out before it disappears)?

Do you find anything unethical about running Ponzi schemes, and trying to get as many people to buy in before you skip town?
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