Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"

[Shadow383]

DOES THAT SOUND LIKE VAGUE CONSTRUCTIONS?  HIGH-YIELD INVESTMENT PROGRAMS?  MOTHERFUCKER SAYS "LARGE INVESTMENT TRANSACTIONS" AND THE OLDIE BUT GOODIE "MARKET ARBITRAGE" AND YOU GUYS FIRE $1M+ USD WORTH OF BTC TO A GUY ON THE INTERNET NAMED PIRATE.  AT LEAST THE STORY WILL BE FULL OF YOUR NAIVE AND CUTE LITTLE FINANCIAL LULZ

It's easy to get angry at this sort of thing, but please try not to fly off the handle.
I was trying in my post above yours to get people to discuss the business itself rather than a constant back and forth of personal attacks.

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[Clipse]

so you are going to kick me in the nads before Pirate even though he's stealing $1M+ USD from the BTC community and I'm pointing it out?  

[snip]A LOAD OF BLABBERING[/snip]

Please answer me with all your evidence of him STEALING $1M+ USD as you stated. You dont claim he will steal it, you claimed now that he is currently/allready stealing it in your own words which I have requoted again.

Sorry similar examples doesnt constitute as facts even though it might give you some strange arousal thinking you are the GOTCHA MAN.

If you lack the fundamental command of the english language and dont understand that you expressed his theft as something that allready occurred then you should really hit up books other than poker-related.

PS. Nothing will ever beat your own financial LULZ 500% expected interest within 24hrs on loan that you got scammed for, NOW THATS going down in history as the biggest turd.

[Clipse]

Micon here is something for you to get a huge hissyfit over: https://geniuscapital.biz

3.3% daily compounded interest, registered UK company, Now what big boy ?

[wachtwoord]

My virus scanner blocks that site and says it's suspicious.

Edit:

And after looking through Google cache I'd say that is a Ponzi

[Clipse]

My virus scanner blocks that site and says it's suspicious.

Edit:

And after looking through Google cache I'd say that is a Ponzi

Its not a virus, company is registered under proper UK law, no way in hell they would operate as a ponzi while being registered with actual offices. If this is a registered company and its a ponzi then there is bigger problems than all the shit being flinged in this thread.

[zaj]

how can u even compare pirate's scheme to an obvious ponzi? pirate has nowhere near the rates of a real ponzi and no ponzi lasts for nearly a year...

[AndyRossy]

How has such a thread got so many replies?

[wachtwoord]

My virus scanner blocks that site and says it's suspicious.

Edit:

And after looking through Google cache I'd say that is a Ponzi

Its not a virus, company is registered under proper UK law, no way in hell they would operate as a ponzi while being registered with actual offices. If this is a registered company and its a ponzi then there is bigger problems than all the shit being flinged in this thread.

I don't know about registering a company in the UK but I the Netherlands it's very easy and restricted to paying a fee and filing out a form. I doubt it is different in the UK.

Edit:

And the company is dormant for being overdue to extend their enlistment:

http://wck2.companieshouse.gov.uk/653621265522f6a3f8b4937cde05b083/compdetails

[dank]

3) I know exactly what he is doing, how he does it and why.  It is not a ponzi. It is a a legit business taking advantage of a rare economic opportunity that was just explained to you better and more detail than I have seen anywhere else.

Seems like we are past the denial / drank the kool-aid theory.

BurtW - you know exactly what you are doing - it's shameful and I hate you for doing it.  You are knowingly defrauding many users, making a small profit yourself, and helping the largest BTC scammer ever run a scam. 

I hope you get Dox'd / wish I met you to take a pic.

So that justifies hating him for it?

[556j]

how can u even compare pirate's scheme to an obvious ponzi? pirate has nowhere near the rates of a real ponzi and no ponzi lasts for nearly a year...

Madoff paid ~11% per year. He ran his for over 30 years. You haven't a clue what you're talking about.

[PatrickHarnett]

Without wanting to detract or trying to correct anything else from the other posts, could you please update the OP for PPT.x.  Burt is no longer an owner after I purchased the core shares of the five founders last week.  It continues as a ring-fenced operation separate from my personal and Starfish BCB business.

[imsaguy]

Not that Micon cares about being accurate, but EIEIO specifically states it is in mining.  It has been in my signature for ages.  To claim I don't disclose what I do is just wrong.

[Shadow383]

how can u even compare pirate's scheme to an obvious ponzi? pirate has nowhere near the rates of a real ponzi and no ponzi lasts for nearly a year...

Actually:

Charles Ponzi offered rates of about 2600% APR, so BS&T's rates are a bit higher than the original ponzi.
Berni Madoff's ponzi ran for about 40 years.

Micon here is something for you to get a huge hissyfit over: https://geniuscapital.biz

3.3% daily compounded interest, registered UK company, Now what big boy ?

-Company proposed to be struck off the register by companies house and shown as "Dormant".
-Overdue by four months in submitting accounts.
-Registered address is a mail-forwarding and safe-deposit box business in london.
-Has a specific Financial Services Authority warning: http://www.fsa.gov.uk/pages/Doing/Regulated/Law/pdf/genius-international.pdf
-Offers comission for those bringing in new deposits.

Seems legit.

[dooglus]

how can u even compare pirate's scheme to an obvious ponzi? pirate has nowhere near the rates of a real ponzi and no ponzi lasts for nearly a year...

The real Ponzi offered to double clients' money in 100 days.  That works out at:

Code:

>>> 100*(2.0**(7.0/100)-1)
4.971668362306736

4.97 percent per week.

That's pretty much the same as Pirate's rates.

[dooglus]

-Company proposed to be struck off the register by companies house and shown as "Dormant".
-Overdue by four months in submitting accounts.
-Registered address is a mail-forwarding and safe-deposit box business in london.
-Has a specific Financial Services Authority warning: http://www.fsa.gov.uk/pages/Doing/Regulated/Law/pdf/genius-international.pdf
-Offers comission for those bringing in new deposits.

Seems legit.

And yet Clipse seems to be sure it's legit:

no way in hell they would operate as a ponzi while being registered with actual offices. If this is a registered company and its a ponzi then there is bigger problems than all the shit being flinged in this thread.

Why would anyone invest with BS&T when obviously legit companies like this are offering a safe 3.3% per day?

[Clipse]

-Company proposed to be struck off the register by companies house and shown as "Dormant".
-Overdue by four months in submitting accounts.
-Registered address is a mail-forwarding and safe-deposit box business in london.
-Has a specific Financial Services Authority warning: http://www.fsa.gov.uk/pages/Doing/Regulated/Law/pdf/genius-international.pdf
-Offers comission for those bringing in new deposits.

Seems legit.

And yet Clipse seems to be sure it's legit:

no way in hell they would operate as a ponzi while being registered with actual offices. If this is a registered company and its a ponzi then there is bigger problems than all the shit being flinged in this thread.

Why would anyone invest with BS&T when obviously legit companies like this are offering a safe 3.3% per day?

Sorry sarcasm doesnt reflect good on the internet and with all the dung beetles in this thread its even harder with all the stuck up people on a witch hunt.

I was about to spend a couple of minutes typing out a long reply but it just aint worth it.

[Frankie]

Wait, what was the point of posting that link? Is this some sort of criticism of OP for not dropping every job and hobby and spend all of this time on the internet crusading against Ponzi schemes the world over? I really don't understand.

In any event, can we have less ad hominems, eh?

[Frankie]

how can u even compare pirate's scheme to an obvious ponzi? pirate has nowhere near the rates of a real ponzi and no ponzi lasts for nearly a year...

Both assertions are false.

People really need to understand that Ponzi schemes are not rare, and Pirate's would not be an unusual one by any dimension.

[dust]

One of pirate's business partners has a registered business...

http://www.corporationwiki.com/Unknown/Unknown/gpumax-technologies-llc/101278778.aspx
Zach Nakaska - Managing Member
Trendon Shavers - Managing Member
Michael Thalasinos - Managing Member
http://www.linkedin.com/pub/michael-thalasinos/54/a8/396
President/Owner
Jetpack Cayman
"February 2012 – Present (7 months) Grand Cayman"
Searching for "Jetpack Cayman" doesn't turn up much besides a 3 like facebook page and a few videos from a jetpack vendor

This is quite a suspicious place to start a business after launching service that resembles a money laundering scheme (GPUMAX) and one that resembles a ponzi (BTCS&T)

[hgmichna]

We have a funny situation here in this thread. There are two quite distinct groups of people, one relentlessly ponting out the obvious truth, the other consisting of complete idiots who are unable or unwilling to see the truth, even while their noses are continuously pushed into it.

What will the idiots say, once the ultimate proof is out and there is no denying any more?