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Author Topic: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"  (Read 107908 times)
drakahn
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August 19, 2012, 02:23:53 PM
 #961

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

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August 19, 2012, 02:46:55 PM
 #962

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.


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August 19, 2012, 02:49:56 PM
 #963

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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August 19, 2012, 03:28:07 PM
 #964

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
 #965

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

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August 19, 2012, 06:57:36 PM
 #966

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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Matthew N. Wright
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August 19, 2012, 07:00:07 PM
 #967

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
 #968

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
 #969

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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August 19, 2012, 07:35:01 PM
 #970

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

Pokes the hornets nest....
I will take the bet at odds inline with the market.

Cryptocoin Mining Info | OTC | PGP | Twitter | freenode: dust-otc | BTC: 1F6fV4U2xnpAuKtmQD6BWpK3EuRosKzF8U
Raoul Duke
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August 19, 2012, 07:42:26 PM
 #971

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

Pokes the hornets nest....
I will take the bet at odds inline with the market.

There is no market for bets.
You just like the sound of your voice. You're a coward, just like 99% of PonziTeam. Put your money where your mouth is.

Matthew N. Wright
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August 19, 2012, 08:40:38 PM
 #972

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

Pokes the hornets nest....
I will take the bet at odds inline with the market.

There is no market for bets.
You just like the sound of your voice. You're a coward, just like 99% of PonziTeam. Put your money where your mouth is.

yep. Cowards on both sides.


Everyone who is "so sure" that it's a scam should jump on any opportunity to profit off of would be idiots who believe in it, no?

Likewise,

Everyone who is "so sure" that it's not scam should jump on any opportunity to profit off of would be idiots who don't believe in it, no?

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August 19, 2012, 08:42:52 PM
 #973

Some people do not gamble, some have no money they can afford to lose. Most of those people are not even looking into this ponziness. If this is cowardice so be it. I would say however, you are just full of shit.

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Raoul Duke
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August 19, 2012, 08:44:21 PM
 #974

I have my bet made on Pirate. You, Vladimir, all you have is a big mouth.

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August 19, 2012, 08:45:29 PM
 #975

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

Pokes the hornets nest....
I will take the bet at odds inline with the market.

There is no market for bets.
You just like the sound of your voice. You're a coward, just like 99% of PonziTeam. Put your money where your mouth is.
My 50BTC to your 125BTC? Escrow required. It is free money if you truly believe in pirate.

Cryptocoin Mining Info | OTC | PGP | Twitter | freenode: dust-otc | BTC: 1F6fV4U2xnpAuKtmQD6BWpK3EuRosKzF8U
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August 19, 2012, 08:46:47 PM
 #976

I have my bet made on Pirate. You, Vladimir, all you have is a big mouth.

And you have little brain.

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Raoul Duke
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August 19, 2012, 08:47:49 PM
 #977

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

Pokes the hornets nest....
I will take the bet at odds inline with the market.

There is no market for bets.
You just like the sound of your voice. You're a coward, just like 99% of PonziTeam. Put your money where your mouth is.
My 50BTC to your 125BTC? Escrow required. It is free money if you truly believe in pirate.

Look at my reply above. And dude... 50 BTC? Really?

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August 19, 2012, 10:11:59 PM
 #978

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

Pokes the hornets nest....
I will take the bet at odds inline with the market.

There is no market for bets.
You just like the sound of your voice. You're a coward, just like 99% of PonziTeam. Put your money where your mouth is.

yep. Cowards on both sides.


Everyone who is "so sure" that it's a scam should jump on any opportunity to profit off of would be idiots who believe in it, no?

Likewise,

Everyone who is "so sure" that it's not scam should jump on any opportunity to profit off of would be idiots who don't believe in it, no?


obv max-bet the 100 BTC.  You are going to get killed on this 1 Matt!  that shit cray! 


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August 19, 2012, 10:16:00 PM
 #979

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

I notice a distinct change in the tone of your posts.  I will be researching GPUMax next.  No, I'm not screaming "SCAM" quite yet - but when a guy running a huge ponzi is also running a huge mining something it's worth taking a quick look-see to make sure a scammer can't seize control of a bunch of hashing power all at once for some nefarious deed. 

Bitcoin is still extremely fragile and is too important to go unchecked at this stage.  Hashing power used to corrupt the block chain scares me much worse than stealing $1M+ from the community.

Chairman SwCPoker.eu Bitcoin Poker 2.0 |  Pro Poker Player  |  blog & podcas DonkDown.com | @BryanMicon | 2015- PGP Key
RoloTonyBrownTown
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August 19, 2012, 10:23:21 PM
 #980

I think I'll just mention it again as it's just a  great opportunity to embarrass the shit out of you all.

Micons and drones,  put your money where your annoying, fat mouths are and get a free 10,000btc for your trouble:  https://bitcointalk.org/index.php?topic=101751.0

Can't wait to hear your lame excuses.

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