Bitcoins - digital currency - Page 104 - Business, Finances and Investing Forum

Nooo, all these bytes fillin' mah drives.

But seriously, I just bet 250BTC that a guy named pirate is stealing all the booty. It's the wild west in my living room in 2012.

And that card seems awesome.

Where did you make the bet?

Quote

08-22-2012 , 01:38 AM

#2577

AlbertoKnox

Pooh-Bah

Join Date: Oct 2007 Posts: 3,676

https://bitcointalk.org/index.php?topic=101751.0

Quote

08-22-2012 , 08:01 AM

#2578

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Step 1) Create a ponzi scheme
Step 2) Get lots of people paying in
Step 3) Crash the ponzi scheme
Step 4) Get people to place bets against you getting paid
Step 5) Steal all the money people bet against you
Step 6) LOLz at naive people sending money that they can't eat the cost of losing to strangers on the internet with 0 chance of ever recovering it

I need to come up with another good scam to run on these tards. This has nothing against Bitcoin itself, more with its super naive userbase.

Quote

08-22-2012 , 12:00 PM

#2579

maxtower

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 7,996

Quote:

Originally Posted by AlbertoKnox

https://bitcointalk.org/index.php?topic=101751.0

Wow, this guy is betting 100k on an obvious ponzi working out? with no escrow?

Quote

08-22-2012 , 12:54 PM

#2580

Rikers

veteran

Join Date: Feb 2009 Posts: 2,320

Quote:

Originally Posted by maxtower

Wow, this guy is betting 100k on an obvious ponzi working out? with no escrow?

he is misrepresenting his hand...
insider trading ftw....
you can use an escrow if you like afaik

Quote

08-22-2012 , 01:04 PM

#2581

Freakin

bacon wannabe

Join Date: Sep 2004 Posts: 17,153

Quote:

Anyone (including myself) who renigs on their bets will be labeled a scammer on the forums. Theymos will retain the IP addresses of everyone who has committed here and as you are marked a scammer for not paying, you will also be reported to the bitcoin police and tracked.

bitcoins make me lol

Quote

08-22-2012 , 02:12 PM

#2582

steelhouse

banned

Join Date: Feb 2007 Posts: 6,109

Quote:

Originally Posted by TomCollins

Step 1) Create a ponzi scheme. I need to come up with another good scam to run on these tards. This has nothing against Bitcoin itself, more with its super naive userbase.

I was scammed out of about 10 BTC. I invested in some of these mining stocks on the glbse. I was too lazy to look into the ASIC miners that were coming out that would make all other equipment obsolete.

Quote

08-22-2012 , 02:59 PM

#2583

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by steelhouse

lol glbse - Basically everything on there is going to be a huge scam or at best a terrible investment. Cannot think of anything dumber to throw money at.

Quote

08-22-2012 , 03:08 PM

#2584

Deep

grinder

Join Date: Jul 2012 Posts: 433

Tom, what would it take for you to get back into bitcoin? A established name accepting it and offering a distinct advantage with its use?

Quote

08-22-2012 , 04:55 PM

#2585

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by Deep

Tom, what would it take for you to get back into bitcoin? A established name accepting it and offering a distinct advantage with its use?

If it was useful to me (as a consumer) or if it was a good business decision (as a business).

Quote

08-22-2012 , 09:45 PM

#2586

AlbertoKnox

Pooh-Bah

Join Date: Oct 2007 Posts: 3,676

Quote:

Originally Posted by steelhouse

That's not a scam, that's overpaying for something because you were lazy.

Also BFL saying ASICs are coming is not the same as ASICs coming.

Quote

08-22-2012 , 09:46 PM

#2587

AlbertoKnox

Pooh-Bah

Join Date: Oct 2007 Posts: 3,676

Quote:

Originally Posted by maxtower

Wow, this guy is betting 100k on an obvious ponzi working out? with no escrow?

Yeah... I have a theory. I expect to get paid.

Quote

08-28-2012 , 01:05 AM

#2588

Ponies

Pooh-Bah

Join Date: Mar 2007 Posts: 3,726

The majority of idiots have figured out that its over now but there are still some morons/shills who refuse to give up.
https://bitcointalk.org/index.php?topic=103623.0;all

Quote

08-28-2012 , 02:43 AM

#2589

steelhouse

banned

Join Date: Feb 2007 Posts: 6,109

Quote:

Originally Posted by Ponies

The majority of idiots have figured out that its over now but there are still some morons/shills who refuse to give up.
https://bitcointalk.org/index.php?topic=103623.0;all

There was a bond on the glbse that paid like 2% dividend weekly. One of the mining stocks I owned said he was going to put the bitcoin in that stock until the they had enough to buy an asic. As soon as he said that I sold everything. Many of these guys on the glbse are young, and can not see a fraud an inch from their face yet.

As for buying a mining stock, imho they knew the asics were coming and decided to run a mining stock to hedge their bets. I would not be surprised if some of them don't even have equipment that actually mine to pay the dividends. It would have been a nice Jon Corzine type bet.

Quote

08-29-2012 , 01:07 AM

#2590

Ponies

Pooh-Bah

Join Date: Mar 2007 Posts: 3,726

Official game over by pirate

[19:54] <@pirateat40> As much as I've tried to meet the deadlines within the community, there're conditions beyond my control which have escalated the process to the point it is today.

[19:55] <@pirateat40> Bitcoin Savings & Trust has hereby given notice of default to it's account holders.

Quote

08-29-2012 , 02:37 AM

#2591

Freakin

bacon wannabe

Join Date: Sep 2004 Posts: 17,153

Quote:

Originally Posted by Ponies

I'm shocked and appalled!

Quote

08-29-2012 , 02:47 AM

#2592

maxtower

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 7,996

Is that dude paying out the 10k in bets he booked?

Quote

08-29-2012 , 07:54 AM

#2593

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by maxtower

Is that dude paying out the 10k in bets he booked?

No. But he still is taking bets and claims he is "sure he will win."

Quote

08-29-2012 , 08:51 AM

#2594

Brons

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 6,565

Rename to scamcoins imo

Quote

08-29-2012 , 04:50 PM

#2595

AlbertoKnox

Pooh-Bah

Join Date: Oct 2007 Posts: 3,676

Quote:

Originally Posted by TomCollins

No. But he still is taking bets and claims he is "sure he will win."

He's not taking bets on the default anymore right?

Just on whether he'll pay?

Which is still really odd. I'm not so sure I'll get paid, but I'd still bet that I will, but not with him, lol.

Quote

08-29-2012 , 05:04 PM

#2596

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by AlbertoKnox

He's not taking bets on the default anymore right?

Just on whether he'll pay?

Which is still really odd. I'm not so sure I'll get paid, but I'd still bet that I will, but not with him, lol.

I thought I read that he was still taking bets, after the IRC was announced. there were a few people who increased their bets.

Looks like he closed it with 35,000 BTC in bets. LOL @ him. Micon bet 1000 alone.

https://docs.google.com/spreadsheet/...SZUNtM3c#gid=0

lol @ him.

Last edited by TomCollins; 08-29-2012 at 05:21 PM.

Quote

08-30-2012 , 12:52 AM

#2597

maxtower

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 7,996

I thought if he was making a legitimate bet, he would have asked for odds. He is either angle-shooting, freerolling without escrow, or just really dumb.

Quote

08-30-2012 , 01:45 AM

#2598

AlbertoKnox

Pooh-Bah

Join Date: Oct 2007 Posts: 3,676

JFC, I guess that's not totally crooked to take that much action, but it's pretty shady. My willingness to bet was strongly influenced to bet by the statement that he was taking 10kBTC in bets and cutting it off.