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

[Bascule]

Do you have any theories on why he would do this at all? It seems to me that it would make much more sense for him to just disappear with everyone's money. What does stalling buy him?

It's not that calculated. He's been running his scheme for over a year, and came to enjoy his status in the bitcoin community. Just like his "investors", he doesn't want to admit the gig is up.

[1713578410]

1713578410

[1713578410]

1713578410

[CoinCidental]

I dont believe this theory...........


if it been a ponzi since day 1 ,pirate wouldnt wait until now (judgement day ) to start selling his furniture and making plans to move to another country

he would have designed an exit long long ago .......

there is a few beautiful countries in the you could live in with 500,000+ btcST coins + 30k of his own BTC (like he claims to have )

selling coins slowly @ $10  would leave him millions of dollrs if that was the plan and with that much ,you could be set for life inn a country in south america or south east asia with that much cash and very little chance of being caught

[miscreanity]

Pirate's self-imposed deadline was one week, yet Team Ponzi is already screaming scam/stall. It would be one thing if Friday comes and goes without any sign of funds. Then I'd be apt to start raising objections as well.

If you're completely calm and have no direct knowledge of how Pirate's operation works, you might be a little off in the head. If you're not even invested and have the gall to scream scam when there's no direct evidence, you're as confused as statist apologists.

As it stands, there are three more days. Save the pitchforks for the weekend.

[Bascule]

Pirate's self-imposed deadline was one week, yet Team Ponzi is already screaming scam/stall. It would be one thing if Friday comes and goes without any sign of funds. Then I'd be apt to start raising objections as well.

If you're completely calm and have no direct knowledge of how Pirate's operation works, you might be a little off in the head. If you're not even invested and have the gall to scream scam when there's no direct evidence, you're as confused as statist apologists.

As it stands, there are three more days. Save the pitchforks for the weekend.

lol, victims gonna victim. Where's that stockholm syndrome link...

[miscreanity]

lol, victims gonna victim. Where's that stockholm syndrome link...

Victims don't have a choice.

[squall1066]

From: [CLOSED] Imsaguy's PPT @ 7%

Interest payments were made electronically (redeposited) but not actually sent out.

 

Was this standard operating procedure for the pass throughs?

This is another signature ponzi move. Have some context:

The regular payment of so-called dividends induces investors to bring friends, family members, or business colleagues into the scheme and to put up additional funds themselves now that they are convinced of its veracity.

The operators will also persuade you, with little effort, to "roll over" your "profits" into another investment cycle, so your actual return ends up being back on paper only.

They may decide to provide you with just "statements" showing you your profits rather than sending out cheques,
but the receipt of a cheque in the mail seems to generate more enthusiasm for participants, and it ultimately makes it back to the con at any rate.

This kind of setup relies on keeping his victims from knowing they are being cheated for as long as possible so others can be lured in.

...

Mark Fleming
Consumer Protection Lawyer

http://www.crimes-of-persuasion.com/Crimes/InPerson/MajorPerson/ponzi.htm

Squall1066, see: http://simple.wikipedia.org/wiki/Ponzi_scheme.

elux - Thanks, just finnished reserching, I't just that ponzi is said to mainly get you to re-invest your intrest "compounding" so you don't actually see it comeing back to you, So they can pay some withdraws out without any hassle, and when the pot is big enough they can up and leave, Some lenders do offer payouts, but most pay intrest out, There is obvious confusion between ponzi and scam.
also It should be called the "dickens scheme" lol

[Bascule]

lol, victims gonna victim. Where's that stockholm syndrome link...

Victims don't have a choice.

These ones did. They chose to send money to people promising high rates of interest.

[hgmichna]

Pirate's self-imposed deadline was one week …

Where did he say that and what exactly did he say?

[imsaguy]

From: [CLOSED] Imsaguy's PPT @ 7%

Interest payments were made electronically (redeposited) but not actually sent out.

 

Was this standard operating procedure for the pass throughs?

This is another signature ponzi move. Have some context:

The regular payment of so-called dividends induces investors to bring friends, family members, or business colleagues into the scheme and to put up additional funds themselves now that they are convinced of its veracity.

The operators will also persuade you, with little effort, to "roll over" your "profits" into another investment cycle, so your actual return ends up being back on paper only.

They may decide to provide you with just "statements" showing you your profits rather than sending out cheques,
but the receipt of a cheque in the mail seems to generate more enthusiasm for participants, and it ultimately makes it back to the con at any rate.

This kind of setup relies on keeping his victims from knowing they are being cheated for as long as possible so others can be lured in.

...

Mark Fleming
Consumer Protection Lawyer

http://www.crimes-of-persuasion.com/Crimes/InPerson/MajorPerson/ponzi.htm

Squall1066, see: http://simple.wikipedia.org/wiki/Ponzi_scheme.

Up until Monday, he did whatever we wanted.  If we wanted payments, he did payments.  If we wanted withdrawals, he did withdrawals.  He never pushed us in either direction.  The stability bonus was never intended to be tied to interest payments and had no bearing.  Whoever says pirate encouraged reinvesting is just plain lying and spreading fud.  Now that he's unwinding, I'd expect the interest payments to change from the status quo, instead paying interest when he closes the account.

[hgmichna]

Up until Monday, he did whatever we wanted.  If we wanted payments, he did payments.  If we wanted withdrawals, he did withdrawals.  He never pushed us in either direction.  The stability bonus was never intended to be tied to interest payments and had no bearing.  Whoever says pirate encouraged reinvesting is just plain lying and spreading fud.  Now that he's unwinding, I'd expect the interest payments to change from the status quo, instead paying interest when he closes the account.

imsaguy spreading his typical foggy nonsense. Or can anybody here possibly make sense of that garbage?

You are either one of pirate's helpers or one of his accounts. Time to shut up, don't you think?

[imsaguy]

Up until Monday, he did whatever we wanted.  If we wanted payments, he did payments.  If we wanted withdrawals, he did withdrawals.  He never pushed us in either direction.  The stability bonus was never intended to be tied to interest payments and had no bearing.  Whoever says pirate encouraged reinvesting is just plain lying and spreading fud.  Now that he's unwinding, I'd expect the interest payments to change from the status quo, instead paying interest when he closes the account.

imsaguy spreading his typical foggy nonsense. Or can anybody here possibly make sense of that garbage?

You are either one of pirate's helpers or one of his accounts. Time to shut up, don't you think?

What is foggy about it?  I am my own person.  He doesn't pay me anything more or less than any other person invested in him. He doesn't tell me anything directly, I only learn it like everyone else in #btcst.

[Micon]

Up until Monday, he did whatever we wanted.  If we wanted payments, he did payments.  If we wanted withdrawals, he did withdrawals.  He never pushed us in either direction.  The stability bonus was never intended to be tied to interest payments and had no bearing.  Whoever says pirate encouraged reinvesting is just plain lying and spreading fud.  Now that he's unwinding, I'd expect the interest payments to change from the status quo, instead paying interest when he closes the account.

imsaguy spreading his typical foggy nonsense. Or can anybody here possibly make sense of that garbage?

You are either one of pirate's helpers or one of his accounts. Time to shut up, don't you think?

What is foggy about it?  I am my own person.  He doesn't pay me anything more or less than any other person invested in him. He doesn't tell me anything directly, I only learn it like everyone else in #btcst.

And you still claim to be watching the same thing we are?

[drakahn]

Up until Monday, he did whatever we wanted.  If we wanted payments, he did payments.  If we wanted withdrawals, he did withdrawals.  He never pushed us in either direction.  The stability bonus was never intended to be tied to interest payments and had no bearing.  Whoever says pirate encouraged reinvesting is just plain lying and spreading fud.  Now that he's unwinding, I'd expect the interest payments to change from the status quo, instead paying interest when he closes the account.

imsaguy spreading his typical foggy nonsense. Or can anybody here possibly make sense of that garbage?

You are either one of pirate's helpers or one of his accounts. Time to shut up, don't you think?

.. everything he said is true

[RoloTonyBrownTown]

Up until Monday, he did whatever we wanted.  If we wanted payments, he did payments.  If we wanted withdrawals, he did withdrawals.  He never pushed us in either direction.  The stability bonus was never intended to be tied to interest payments and had no bearing.  Whoever says pirate encouraged reinvesting is just plain lying and spreading fud.  Now that he's unwinding, I'd expect the interest payments to change from the status quo, instead paying interest when he closes the account.

imsaguy spreading his typical foggy nonsense. Or can anybody here possibly make sense of that garbage?

You are either one of pirate's helpers or one of his accounts. Time to shut up, don't you think?

Still talking smack but too cowardly to put your money where your mouth is I see.   Come on girly man, there's a free 250BTC waiting for you over in Matthew's thread.  How can you possibly lose, right?

Until you actually show a little backbone, shut up with your nonsense.

[miscreanity]

Guess what? GPUMAX is slow paying out today - Team Ponzi prepare to freak/panic/scream in 3... 2... 1...

Edit: Nevermind, I got mine just after posting.

[CoinCidental]

Guess what? GPUMAX is slow paying out today - Team Ponzi prepare to freak/panic/scream in 3... 2... 1...

GPUMAX has no bearing on BTCST,it doesnt affect the bets even if pirate never pays out to GPUMAX guys

[IveBeenBit]

Still talking smack but too cowardly to put your money where your mouth is I see.   Come on girly man, there's a free 250BTC waiting for you over in Matthew's thread.  How can you possibly lose, right?

Until you actually show a little backbone, shut up with your nonsense.

We should make a companion thread to Bryan Micon's List of BTC Ponzi Schemes... and title it RoloTonyBrownTown's List of Forum Trolls that Don't Own Any Bitcoins.

The thread can list the most abusive and vocal trolls who have refused to bet any BTC against Matthew Wright. The trolls' currency is attention from strangers. Like flea-infested stray cats, they will keep coming around if you keep feeding them. I wish the forum would learn to stop replying to blowhards like Smoothy and others like him.

[RoloTonyBrownTown]

Still talking smack but too cowardly to put your money where your mouth is I see.   Come on girly man, there's a free 250BTC waiting for you over in Matthew's thread.  How can you possibly lose, right?

Until you actually show a little backbone, shut up with your nonsense.

We should make a companion thread to Bryan Micon's List of BTC Ponzi Schemes... and title it RoloTonyBrownTown's List of Forum Trolls that Don't Own Any Bitcoins.

The thread can list the most abusive and vocal trolls who have refused to bet any BTC against Matthew Wright. The trolls' currency is attention from strangers. Like flea-infested stray cats, they will keep coming around if you keep feeding them. I wish the forum would learn to stop replying to blowhards like Smoothy and others like him.

  To be fair, there's really only two left of the main bunch.  That's Vladimir, who's already made some crap excuse so we can write him off as just all talk in the future.  The other is hgmichna who conveniently disappears whenever the bet thread is brought up.   It's clear he's not confident whatsoever about a default, despite banging on about it constantly.  So yeah, hypocrite-tastic

To their credit, the other major accusers have made bets, so good on them.

[nrd525]

I think the GLBSE pirate collapse is beginning.  Bonds are selling at 30-50% of face value.

https://glbse.com/asset/view/TYGRR.BOND-P

[Akka]

I think the GLBSE pirate collapse is beginning.  Bonds are selling at 30-50% of face value.

https://glbse.com/asset/view/TYGRR.BOND-P

One is already down to 15%:

https://glbse.com/asset/view/BIF.BTCST.PPT

This is hilarious.

BTW. this threat is really fun to watch.