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Author Topic: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"  (Read 116916 times)
Shadow383
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August 12, 2012, 12:14:01 PM
 #601

hey geniuses, ever heard of whois.net?

Good point. Are you Ian Grice?

[whois dump]
you can tell he's using a proxy registrar, so he doesn't have to put his real name.

This makes the point then. He refuses to identify himself.

you guys should seriously consider joining mensa.

Because sarcasm and insults are a total substitute for transparency and honesty...
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labestiol
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August 12, 2012, 12:29:27 PM
 #602

Just to make sure i get it.

  • You have an estimated 100k btc (1M USD) in users deposits
  • You don't want to provide identification
  • You try to say that you provided it when you registered the domain name, but in fact you didn't

Wow, is that for real ??



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gene
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August 12, 2012, 01:36:23 PM
 #603

Just to make sure i get it.

  • You have an estimated 100k btc (1M USD) in users deposits
  • You don't want to provide identification
  • You try to say that you provided it when you registered the domain name, but in fact you didn't

Wow, is that for real ??




You're correct.

He's also deleted all his posts here in an effort to save face:

by the way if anyone asks, i deleted all my posts out of the retard thread.

don't want that one popping up in my "show new replies" list any more.

it's a bit rough on the emotions, having people post outright lies about you and then have their sheep believe it as factual,

so i'm gonna try not to spend 12 hours a day on the forum any more.

...will check in once a day to support bitcoin max.


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gene
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August 12, 2012, 02:33:00 PM
 #604

Note that payb.tc is citing emotional distress as the reason for the deletions.  Cry

More likely is that he and his ilk feel that they can no longer control the message in here and are consolidating and shutting up. This follows pirate's pattern and incidentally closely matches prior ponzi operator behavior.

http://web.archive.org/web/20091026234156/http://geocities.com/currintrading/

Some approaches (to be used in phases or in combination):

Quote
I decided not to respond on the forums. I knew that I would quickly be asked for proof of CT's legitimacy, and I knew that I would have no investors to defend me. Instead, I decided to let the forum thread die.

Quote
If I was going to use the forums for my own advantage, I would need to find a way of neutralizing the forum skeptics. For the foregoing reasons, it would not be possible to win them over, but if I could shut them up for a long enough period, I might be able to persuade ordinary readers of the forums to invest.

Quote
Using the pretext of a lottery, I could draft all of my investors into an army and unleash them upon the forums--or at least one forum thread. Once again, my phantom team proved useful.

On threat-flooding:
Quote
The skeptics were soon suffocated. Investors poured into the thread constantly. Even when one skeptic showed up to make a particularly thorough and blistering denunciation of my pyramid scheme, it was futile. His post was buried by all of the positive ones, and his post was lost among the several pages of replies that soon stacked up. My army and I were triumphant.

And much, much more.

Really, there is much in common with this document:
http://cryptome.org/2012/07/gent-forum-spies.htm

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labestiol
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August 12, 2012, 02:47:47 PM
 #605

Note that payb.tc is citing emotional distress as the reason for the deletions.  Cry

Clearly, making around 10k$ a week is really tough emotionally, nobody realize how bad it feels...

Quote from: gene

This read was an eye-opener to me, convinced me that the pattern was far too similar to invest anything in pirate & friends.

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molecular
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August 12, 2012, 05:13:53 PM
 #606


a very captivating read. thanks for the link, gene.

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finkleshnorts
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August 12, 2012, 05:15:56 PM
 #607

For anyone who thinks Pirate is legit, swing by talkgold.com's HYIP scams.

Ponzi schemes were inevitable for bitcoin.

We will see many more of them.
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August 12, 2012, 06:17:44 PM
 #608

For anyone who thinks Pirate is legit, swing by talkgold.com

you mean the "Bitcoins was a scam"-thread: http://www.talkgold.com/forum/r340544-.html?

Quote
Yep, it was a pump and dump scam. Which is why it plummeted. Sorry for those who got suckered into this.

I think you'd have to point us more specifically or give us some sort of a hint as to how this forum tells us pirate is not legit. Do you think pirate sells the BTC and invests them into these high risk investment programs presented there?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
dishwara
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August 12, 2012, 06:40:30 PM
 #609

I see most posts which says its good & legit , seems to have posted very less posts, mostly 2 digit numbers.
Seems new members have more knowledge & experience than old ones.

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Stephen Gornick
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August 12, 2012, 06:43:52 PM
 #610


Except that the entire value of losses in that currintrading scam totaled about $50K USD.  This is between one to two orders of magnitude greater.

Also, scams were allowed in that virtual world and there was almost no legitimacy in anything.  EVE players involved were just thrill seekers, essentially.

That currintrading post-mortem is great reading though.  It gives great insight into the mind of the ponzi master.


Really, there is much in common with this document:
http://cryptome.org/2012/07/gent-forum-spies.htm


One thing that doesn't get enough consideration is that there are people who do not want Bitcoin to be successful.  Perhaps Austrian economics drives a stake through their belief system or for others it is the fear that Bitcoin will displace their gold and silver where Bitcoin threatens the value of the wealth they've accumulated over the years.

For whatever reason, there are people who would like nothing more than for a ponzi scheme to suck up hundreds of thousands of bitcoins from those who willingly handed them over and to some day read headlines about a several million dollar ponzi that will further sully the Bitcoin brand.

Even without being invested themselves, these ponzi-promoters will argue endlessly to support the ponzi as to them the end justifies the means.

So, the operator of a ponzi and the feeder funds are in it for the profit.  There is then a vocal minority that will defend it.  There is also the ponzi investor base that are either sheep being led to slaughter or are aware of the risks and continue on believing the collapse to be far enough out that the potential to snag profit exists yet.  Few of the victims can claim innocence when later making pleas for mercy to get their money back.

Seeing growth in not just the number of "investors" but in the amounts involved is something both entertaining and satisfying to those who want to see maximum pain inflicted to Bitcoin.  The longer this goes, the bigger their smile.

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August 12, 2012, 06:50:56 PM
 #611

Seems those who cant able to shutdown Bitcoin, now using ponzi's to cheat people, so that Bitcoin itself will become a ponzi or scam & die.

If you cant attack in front, attack from behind.

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gene
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August 12, 2012, 06:57:16 PM
 #612

Stephen Gornick, you are correct on all points.

Given the likely fallout, it is certainly possible that this recent scourge of ponzi schemes is a deliberate and concerted effort to undermine bitcoin.

On a related note, I think these questions are worth cross-posting:

Theymos and other admins/moderators/etc.,

In the interest of transparency and since you are de facto gatekeepers here, would you each care to describe your individual positions on profiting from (via ads) and facilitating the promotion of manifest frauds?

Are you comfortable accepting responsibility for your roles and will you accept the blame for providing a venue for con-artists and not taking due diligence in protecting bitcoin newcomers? Will you be pleased to explain your current choices, actions, and non-actions once this superstructure of fraud collapses?

Finally, do you believe that your current choices, actions, and non-actions will help or hurt bitcoin in the long-term? Please justify your response.

Given the facts of the currently unfolding situation, these questions seem quite reasonable and are salient to the stakeholders in the bitcoin community.

I should also note that your actions to date imply much about the above, but your individual responses or non-responses may be illuminating, nonetheless.

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finkleshnorts
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August 12, 2012, 07:43:42 PM
 #613

For anyone who thinks Pirate is legit, swing by talkgold.com

you mean the "Bitcoins was a scam"-thread: http://www.talkgold.com/forum/r340544-.html?

Quote
Yep, it was a pump and dump scam. Which is why it plummeted. Sorry for those who got suckered into this.

I think you'd have to point us more specifically or give us some sort of a hint as to how this forum tells us pirate is not legit. Do you think pirate sells the BTC and invests them into these high risk investment programs presented there?

Hey, sorry. Post edited. bitcoin.me mentioned the HYIP scams at talkgold.com in another thread, so I went and checked it out (I had never heard of talkgold before then). I clicked on the HYIP board. Lots and lots of ~1% a day scams. I was stunned. Lots of scammers there are doing the same thing as Pirate. (one notable difference is that Pirate established quite a rep here).

In the future, there will be new bitcoin HYIP schemes cropping up regularly. Members will come to realize that these are all scams. Stepping over the steamy piles of Ponzi will become a daily routine on this forum, just as it has on talkgold.

Pirate was smart to cash in on the rampant naivety here, myself included. Please, get out while you still can.
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August 12, 2012, 08:02:36 PM
 #614

For anyone who thinks Pirate is legit, swing by talkgold.com

you mean the "Bitcoins was a scam"-thread: http://www.talkgold.com/forum/r340544-.html?

Quote
Yep, it was a pump and dump scam. Which is why it plummeted. Sorry for those who got suckered into this.

I think you'd have to point us more specifically or give us some sort of a hint as to how this forum tells us pirate is not legit. Do you think pirate sells the BTC and invests them into these high risk investment programs presented there?

Hey, sorry. Post edited. bitcoin.me mentioned the HYIP scams at talkgold.com in another thread, so I went and checked it out (I had never heard of talkgold before then). I clicked on the HYIP board. Lots and lots of ~1% a day scams. I was stunned. Lots of scammers there are doing the same thing as Pirate. (one notable difference is that Pirate established quite a rep here).

In the future, there will be new bitcoin HYIP schemes cropping up regularly. Members will come to realize that these are all scams. Stepping over the steamy piles of Ponzi will become a daily routine on this forum, just as it has on talkgold.

Pirate was smart to cash in on the rampant naivety here, myself included. Please, get out while you still can.

Thanks for the clarification. Lol @ the bolded part. Someone able should draw a picture of dudes navigating steaming piles of Ponzi pyramids. Cracks me up.

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August 12, 2012, 08:43:43 PM
 #615

So what I'm gathering from this thread, I should not have sent 15k worth of BTC to pirate?  Doh!

GO BLUE!
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August 12, 2012, 08:49:28 PM
 #616

So what I'm gathering from this thread, I should not have sent 15k worth of BTC to pirate?  Doh!

That's what team Ponzi want - no freedom of choice for anyone. They don't offer recommendations, but demands.

If you did plunk down 15k, it's your money, your decision, and your ass iff things go awry.

Just pull the principal after ~11 weeks and let the rest ride. Then there's no more risk.

Hey team Ponzi: ignorance is expensive, especially in the form of lost profit!
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August 12, 2012, 08:59:24 PM
 #617


Just pull the principal after ~11 weeks and let the rest ride. Then there's no more risk.


Well, I don't know if I'd have any hair left after 11 weeks.  With everything that's said on this thread, you'd think that BS&T is going to go down every day.  11 weeks would probably give me like 10 ulcers!  But really, to double to 30k BTC would be nice...

GO BLUE!
gene
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August 12, 2012, 09:02:02 PM
 #618


[tide of raw sewage]


Tide's coming back in... you can almost set your watch by the sets of comments.

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finkleshnorts
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August 12, 2012, 09:04:48 PM
 #619

I can't wait to see Vandroiy be $60,000 richer.
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August 12, 2012, 09:14:01 PM
 #620

I can't wait to see Vandroiy be $60,000 richer.

Yea me too, thats why I invited him to join bitcoinmax, its about the only way he will make back his money <grins>

kind regards

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