Quote from: Micon on July 30, 2012, 12:28:18 AM

Quote from: vuce on July 29, 2012, 07:04:56 AM

Quote from: Micon on July 29, 2012, 06:48:37 AM

"lending" is not what I or any reasonable man of science would call this.

You call yourself a man of science yet you provide no hard proof? Not sure if serious Roll Eyes

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Further more, who runs this board?

why can Pirateat40 lock his giant ponzi thread?

It's his thread, he can do whatever he wants with it (and so can you with yours)

Furthermore this whole thread should be moved to speculation Roll Eyes

1) does it alarm you in any way that Pirateat40 locked his thread? Why do you think he would do that when he is holding $1M USD worth of BTC? I think it's because he doesn't want the forum members that understand his scam explaining it in his thread.

I would do the same if I were him. People were spamming his thread with fud, what else is he going to do, when he has absolutely no control over the thread (this really is a shitty forum)?

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2) You ask me for hard proof. A Ponzi scheme, as defined by Wikipedia: http://en.wikipedia.org/wiki/Ponzi_scheme some highlights:

-- Typically extraordinary returns are promised on the investment,[5] and vague verbal constructions such as "hedge futures trading," "high-yield investment programs", "offshore investment" might be used. The promoter sells shares to investors by taking advantage of a lack of investor knowledge or competence, or using claims of a proprietary investment strategy which must be kept secret to ensure a competitive edge.
-- A Ponzi scheme claims to rely on some esoteric investment approach and often attracts well-to-do investors
-- Ponzi schemes can survive simply by persuading most existing participants to reinvest their money
-- Initially the promoter will pay out high returns to attract more investors, and to lure current investors into putting in additional money. Other investors begin to participate, leading to a cascade effect. The "return" to the initial investors is paid out of the investments of new entrants, and not out of profits.
-- Promoters also try to minimize withdrawals by offering new plans to investors, often where money is frozen for a longer period of time, in exchange for higher returns.

sound at all like BCST?

Proof Ponzi

Exactly as you said, it might sound like it, but this is no proof, only speculation.

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3) you seem to either be invested in BCST or running your own Ponzi - which is it?

Well, that really is none of your business