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Author Topic: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"  (Read 115482 times)
drakahn
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August 19, 2012, 10:29:19 AM
 #941

... lead to unprotected ...

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
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DannyM
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August 19, 2012, 10:55:05 AM
 #942

... lead to unprotected ...

Dancing.
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August 19, 2012, 11:36:25 AM
 #943

... lead to unprotected ...

Dancing.

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NSFW...? I think ;)
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August 19, 2012, 11:49:57 AM
 #944


Oh god, why...

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August 19, 2012, 01:49:53 PM
 #945

It's a coin laundry that exchanges old coins (at least some clearly coming from BS&T) for freshly minted ones from various pools, paying some extra for it.

It can be used as a smoke-screen to hide activity and as a source of untraceable coins.
oh wow, can we get an asshat or dishonest or something tag for this guy?
Perhaps you'd like to explain what other use there is for GPUMAX these days, then, given that all of the proportional pools have switched to hopping-proof payout schemes.

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drakahn
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August 19, 2012, 01:59:47 PM
 #946

So the argument has changed from "I don't know so ponzi" to "I don't know so coin laundry" ?

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August 19, 2012, 02:02:26 PM
 #947

It's a coin laundry that exchanges old coins (at least some clearly coming from BS&T) for freshly minted ones from various pools, paying some extra for it.

It can be used as a smoke-screen to hide activity and as a source of untraceable coins.
oh wow, can we get an asshat or dishonest or something tag for this guy?
Perhaps you'd like to explain what other use there is for GPUMAX these days, then, given that all of the proportional pools have switched to hopping-proof payout schemes.

There are still five proportional pools, and all being merrily hopped with hashrates between 500 and 1500 Ghps. However, afaik GPUMAX can't be used for pool hopping.

So, getting back to my previous comment: GPUMAX can also be used to .....

(no unprotected dancing this time. I can handle the truth, miscreanity)



Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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August 19, 2012, 02:18:18 PM
 #948



So, getting back to my previous comment: GPUMAX can also be used to .....





run a service similar to this

https://www.wpacracker.com/
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August 19, 2012, 02:19:53 PM
 #949

Micon,

I was going to just tell you how GPUMAX works but this should be a lot more fun for everyone:

You should start a whole new thread about GPUMAX, probably over in the mining forum.  

Then we can all try to explain it to you and you can ignore everyone and just scream SCAM SCAM SCAM for another 50+ pages.

However, you may have to think up something new as you will have a harder time with the old worn out Ponzi angle this time since there are no deposits involved.

However, good news!  There are a lot of similarities to BS&T.  You can use these similarities to prove it must be a scam of some sort or another, since, as we all know, similarities always prove equivalence:

They are/were both run by the same person!
Both have/had a large very satisfied customer base!
Both have/had a waiting list of people begging to get accounts!
In both cases pirate has found a way to make money and you have not!
In both cases pirate wants to keep what he is doing to himself!
Both have/had a simple, yet effective, minimalistic web interface.
Both of them actually work/worked and produce great results.
In both cases the Bitcoin community is being used.  That is, they are not the end customer, just very well paid participants in the business.
In both cases the end customer is a huge mystery!

OK, that should be enough to get you going.  I will let you know of more proof as I find it.

See you over in the mining forum.

Flame on Micon!


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drakahn
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August 19, 2012, 02:21:07 PM
 #950



So, getting back to my previous comment: GPUMAX can also be used to .....





run a service similar to this

https://www.wpacracker.com/
Then so could any pool.... dimwit

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August 19, 2012, 02:21:24 PM
 #951



So, getting back to my previous comment: GPUMAX can also be used to .....





run a service similar to this

https://www.wpacracker.com/

Doubt it. Miners would all need a custom client. Does GPUMAX force miners to use a custom client?

 GPUMAX can also be used to .....

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
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drakahn
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August 19, 2012, 02:23:53 PM
 #952

Micon,

I was going to just tell you how GPUMAX works but this should be a lot more fun for everyone:

You should start a whole new thread about GPUMAX, probably over in the mining forum.  

Then we can all try to explain it to you and you can ignore everyone and just scream SCAM SCAM SCAM for another 50+ pages.

However, you may have to think up something new as you will have a harder time with the old worn out Ponzi angle this time since there are no deposits involved.

However, good news!  There are a lot of similarities to BS&T.  You can use these similarities to prove it must be a scam of some sort or another, since, as we all know, similarities always prove equivalence:

They are/were both run by the same person!
Both have/had a large very satisfied customer base!
Both have/had a waiting list of people begging to get accounts!
In both cases pirate has found a way to make money and you have not!
In both cases pirate wants to keep what he is doing to himself!
Both have/had a simple, yet effective, minimalistic web interface.
Both of them actually work/worked and produce great results.
In both cases the Bitcoin community is being used.  That is, they are not the end customer, just very well paid participants in the business.
In both cases the end customer is a huge mystery!

OK, that should be enough to get you going.  I will let you know of more proof as I find it.

See you over in the mining forum.

Flame on Micon!


Your friend, BurtW

Shill.

Obvious sockpuppet.


Also, perfect post BurtW

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
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August 19, 2012, 02:46:55 PM
 #953

The simplest explanation given the evidence:

GPUMAX was established to serve as a mysterious black box for lending superficial credibility to BST.

Business model:
Step 1: BS&T investments are somehow used by GPUMAX.
Step 2: ? ? ? ?
Step 3: Outrageous profit!

Which is essentially what BurtW said, only in slightly fewer words.


drakahn
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August 19, 2012, 02:49:56 PM
 #954

The simplest explanation given the evidence:

GPUMAX was established to serve as a mysterious black box for lending superficial credibility to BST.

Business model:
Step 1: BS&T investments are somehow used by GPUMAX.
Step 2: ? ? ? ?
Step 3: Outrageous profit!

Which is essentially what BurtW said, only in slightly fewer words.




... swing and a miss

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makomk
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August 19, 2012, 03:28:07 PM
 #955

There are still five proportional pools, and all being merrily hopped with hashrates between 500 and 1500 Ghps. However, afaik GPUMAX can't be used for pool hopping.
From what I've heard, not only could it be used that way, it actually was on a fairly spectacular scale. Whilst you couldn't schedule when you'd receive the shares you'd paid for you could apparently change which pool they went to right up until the moment your order left the queue. I believe proportional pools saw huge spikes in hashrate from GPUMAX at the start of the round, and once there weren't any big proportional pools anymore the demand for hashpower on GPUMAX dried up and remained that way.

The simplest explanation given the evidence:

GPUMAX was established to serve as a mysterious black box for lending superficial credibility to BST.
I'm not convinced it started out that way, but that is the most obvious explanation for it right now. For instance, why would pirateat40 say that he's going to direct more effort into it when the market for it has gone away and is unlikely to ever return?

Oh, and on a more on-topic note, the death of pool-hopping is an interesting example of how actual high-return opportunties tend to be short lived and have very limited capacity. In order for pool hoppers to make money, naive miners had to irrationally continue to mine at proportional pools 24/7 despite that losing them considerable amounts of money compared to either pool-hopping themselves, selling their mining power to hoppers on GPUMAX, or even just using a non-hoppable pool. As more miners realised this, pool hopping was inevitably going to become unprofitable. (It also didn't help that large-scale pool hopping was very disruptive to the pools, which needed vastly more server power in order to handle the surges from pool-hoppers but didn't get a commensurate increase in income.)

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Matthew N. Wright
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August 19, 2012, 03:51:13 PM
 #956

Easy money for anti-piraters: https://bitcointalk.org/index.php?topic=101751

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August 19, 2012, 06:57:36 PM
 #957

I would prefer to get 2.5:1 odds as that is around what the passthrough market is trading at.  I'll should create a thread "easy money for pro-piraters" and offer fair odds.

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August 19, 2012, 07:00:07 PM
 #958

I would prefer to get 2.5:1 odds as that is around what the passthrough market is trading at.  I'll should create a thread "easy money for pro-piraters" and offer fair odds.


2.5:1 would be 250% or 150%? and do you have any recommendations for my odds?

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August 19, 2012, 07:15:46 PM
 #959

I would prefer to get 2.5:1 odds as that is around what the passthrough market is trading at.  I'll should create a thread "easy money for pro-piraters" and offer fair odds.


2.5:1 would be 250% or 150%? and do you have any recommendations for my odds?
I would want my 1BTC against a counterparty's  2.5BTC.  This is similar odds to the passthrough market which is trading at around 70% of face value.

Cryptocoin Mining Info | OTC | PGP | Twitter | freenode: dust-otc | BTC: 1F6fV4U2xnpAuKtmQD6BWpK3EuRosKzF8U
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August 19, 2012, 07:32:29 PM
 #960

Noticed not one of the main ponzi crew want to take the bet... As they say talk is cheap..

Pokes the hornets nest....
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