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

[hashman]

You can't make much money that way when there are functioning exchanges and you're not producing a product. In fact, you are much more likely to lose money.

[...]

So manipulations have to be much more subtle to have even a chance of working. You have to gradually push the market to convince a large number of other people that the "natural price" is something other than what it would be if not for your manipulations. And the reason this won't work is because there are a number of well-financed people who are too smart to fall for this. It only takes one to make you lose more and more as you try to move the price at a loss and split the gain more and more as you try to take profit as it goes back. Since there are several, this is just not going to work.

Really?  Sorry for the off topic followup but take a look at what DeBeers or OPEC or ATT  or any other famous monopoly / market maker has done.  You don't have to convince anybody what a "natural price" is..  if you have bought all the cheaper items, then anybody who wants an item has to pay the higher price no matter how smart they are. 

In theory anyway.. market maker theory which seems unlikely to be widely published for similar reasons to the fact that cutting edge crypto isn't immediately published.  In any case, a topic for another thread because I doubt its related to these high yield investments. 

[Micon]

new addition for the list?

"What am I doing with the coins?" 
If I was to provide a simple answer like buying 50 BFL singles and going mining, or putting 10,000 coins into XYZ asset on GLBSE then there wouldn't be much science in that and it would ruin the market that I am looking at.

https://bitcointalk.org/index.php?topic=100913

I believe the Pirate Ship is going to sink before I have the 10+ hrs to research every iteration of the PPT's on GBLSE and every "I'll pay you unreasonable% per week" thread - although I think I am close, just needs more grooming of the list.  After those are done then it's time to investigate all the questionable mining bonds and the obscure scams that don't fit those categories.  After BCST goes boom, this low-level scammery will die down after the entire community sees the damage done.  I'll bet new rules / categories will be created.  I will look into Patrick's thread.

[Micon]

new addition for the list?

"What am I doing with the coins?" 
If I was to provide a simple answer like buying 50 BFL singles and going mining, or putting 10,000 coins into XYZ asset on GLBSE then there wouldn't be much science in that and it would ruin the market that I am looking at.

https://bitcointalk.org/index.php?topic=100913

yay - I'm famous.

Good job and congrats on the new venture PatrickHarnett.

The free advertising is definitely a win for the Starfish!

https://bitcointalk.org/index.php?action=profile;u=38896;sa=showPosts

yikes it seems like these shill and/or pro-Ponzi accounts are also big in the mining threads.  I will bet even money some of the mining bonds are dirty.  These are going to be much harder to prove when compared to this giant obvious Ponzi because there is in fact an underlying business unit that will likely make at least some money.  The most transparent mining bonds with updated stats and verifiable blockchain payments from mining pools should be the standard.  I have not looking into even 1 mining bond yet so I have no clue what I will find.

[drakahn]

You didn't respond last time but it fits again

you say words like investigate, but never like... show up with any results

Seriously, if you have anything else other than 1) "you don't know therefore ponzi" or 2) "omg 7% therefore ponzi" it would be good if it wasn't buried under those two piles of crap

[Clipse]

Im convinced now Micon is simply Trolling his own thread for higher page rankings.

Everyone with half a brain should just stop posting on this thread to kill its google rankings so that Micon doesnt get his stiff on every day googling himself. Im done posting here, Good day sir.

[Raoul Duke]

What is pirate and shills' response to http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust?

I like the quote by Gavin.

http://www.youtube.com/watch?v=4sKx6lhxM_8

[Frankie]

Im convinced now Micon is simply Trolling his own thread for higher page rankings.

Everyone with half a brain should just stop posting on this thread to kill its google rankings so that Micon doesnt get his stiff on every day googling himself. Im done posting here, Good day sir.

Are you capable of writting a post without personal attacks?

Try it (unless for some reason you follow your own advice).

[unclescrooge]

What is pirate and shills' response to http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust?

I like the quote by Gavin:

Good advice that I expect will be widely ignored: only invest in what you know.

So-called high yield investments are (almost?) always dressed-up Ponzi schemes. If you "invest" in them then please lick your wounds quietly when they implode. And if you're one of the lucky few who make money on them, don't expect me to admire your investing wisdom, any more than I'd admire the number-picking brilliance of a lottery winner.

(my emphasis)


Aside: Thank you shills, for helping me sharpen my Perl web-parsing skills!

Bitcoin itself is a high yield investment (relative to other currencies), so according to you it's a ponzi?

[Shadow383]

What is pirate and shills' response to http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust?

I like the quote by Gavin:

Good advice that I expect will be widely ignored: only invest in what you know.

So-called high yield investments are (almost?) always dressed-up Ponzi schemes. If you "invest" in them then please lick your wounds quietly when they implode. And if you're one of the lucky few who make money on them, don't expect me to admire your investing wisdom, any more than I'd admire the number-picking brilliance of a lottery winner.

(my emphasis)


Aside: Thank you shills, for helping me sharpen my Perl web-parsing skills!

Bitcoin itself is a high yield investment (relative to other currencies), so according to you it's a ponzi?

In what possible sense is bitcoin an HYIP?
Bitcoin is just a means of exchanging capital, it has no returns structure whatsoever. Stop trying to confuse the issue.

[wachtwoord]

You do understand that HYIP is an abbreviation standing for High Yield Investment Program right? Firstly high is (highly ) subjective. Second of all, all other things being equal (risk among other things) high yield investments are better than low yield investments. The term HYIP does not imply scam at all, it is merely an indicator of the yield on the investment.

[unclescrooge]

What is pirate and shills' response to http://www.theverge.com/2012/8/15/3243200/bitcoin-ponzi-schemes-savings-and-trust?

I like the quote by Gavin:

Good advice that I expect will be widely ignored: only invest in what you know.

So-called high yield investments are (almost?) always dressed-up Ponzi schemes. If you "invest" in them then please lick your wounds quietly when they implode. And if you're one of the lucky few who make money on them, don't expect me to admire your investing wisdom, any more than I'd admire the number-picking brilliance of a lottery winner.

(my emphasis)


Aside: Thank you shills, for helping me sharpen my Perl web-parsing skills!

Bitcoin itself is a high yield investment (relative to other currencies), so according to you it's a ponzi?

In what possible sense is bitcoin an HYIP?
Bitcoin is just a means of exchanging capital, it has no returns structure whatsoever. Stop trying to confuse the issue.

In term of real wealth, bitcoin is a high yield investments (for now at least, and yes, with no garantee whatsoever). It does yield wealth to buy bitcoins.

[wachtwoord]

Nah Bitcoin yields nothing. 1 BTC == 1 BTC forever. It's just the amount of purchasing power (often expressed in monopoly money) that changes. While this is significant (to actual people) it does not imply yield.

I'm quite sad my wage keeps dropping every day (denoted in BTC)

[unclescrooge]

Nah Bitcoin yields nothing. 1 BTC == 1 BTC forever. It's just the amount of purchasing power (often expressed in monopoly money) that changes. While this is significant (to actual people) it does not imply yield.

I'm quite sad my wage keeps dropping every day (denoted in BTC)

Yes I understand that what I said was poorly phrased, sorry about that. I didn't want to be misleading.

Yes, that's why I'm searching for a job that pays in bitcoin, but that's hard to find at the moment

[dust]

If anyone is certain pirate is running a ponzi and wants to bet BTC100,000+ against him, PM me.  I have an idea.  You must be willing to risk large amounts of BTC.

[FreeMoney]

If anyone is certain pirate is running a ponzi and wants to bet BTC100,000+ against him, PM me.  I have an idea.  You must be willing to risk large amounts of BTC.

I hope the idea is "Pay 6% until Pirate collapses" to lure away enough Pirate capital to break him.

[gene]

If anyone is certain pirate is running a ponzi and wants to bet BTC100,000+ against him, PM me.  I have an idea.  You must be willing to risk large amounts of BTC.

I hope the idea is "Pay 6% until Pirate collapses" to lure away enough Pirate capital to break him.

All Ponzi schemes eventually collapse. Interesting how quiet it's gotten lately.

[Coin.Karma]

this was the fastest from 0 to bullshit thread on this forum, and you have become forum history again by creating and supporting the death of one of the best opportunities that could have hit you guys given the limited intelligence you survive with, haha cheers micon and gang.....

[drakahn]

Team Ponzi should all be labelled as such, (maybe a dumbass tag?) - That way we know not to believe the FUD they spout

[imsaguy]

Pirate's not paid everyone back yet.. so let's not get ahead of ourselves.

[zerokwel]

I just want to see how many people Amit they where wrong and be the bigger person.. And how many act like cry baby's