Quote from: BurtW on July 30, 2012, 10:58:30 PM

Quote from: hgmichna on July 30, 2012, 10:46:38 PM

Don't bother to argue. Miscreation's babble may well qualify as the largest heap of bullshit that anybody has ever posted here.

I agree, even better yet, do not even bother to read it or try to understand it - you might learn something - but at a cost of your current deeply felt but hightly limiting beliefs.

I can understand hgmichna's frustration with both Miscreation and BurtW

An intense amount of denial and fundamental misunderstanding of economics has been displayed by Miscreation. I am willing to continue debating for a bit longer. I can cite some real-world post-mortem details from past ponzis and draw even more similarities.

BurtW is a different story. At this point in my understanding, BurtW is running the largest BCST pass-through. He is extremely valuable to Pirateat40, as he is basically an affiliate for a Ponzi scheme. He is funneling BTC to the largest BTC scam ever. The question is does he know it or not. This puts him in either 1 of two categories:

1) he knows what he is doing is wrong, profiting from it, and does not care that he is hurting many, many different persons of the BTC investing community and helping funnel a large amount of BTC to the largest BTC scam ever run. He doesn't care, has no risk himself, simply takes investor money and gives it to Pirateat40 because he has one of the "super trust accounts" and if the interest comes that week he gives 6.9% to the investors and keeps .1% himself for setting up the system.

2) he is duped by Pirateat40 in a way that he really, really, really believes that Pirateat40 is some bitcoin super-trader or has some other super-secret thing that he can do that makes tons and tons and tons of BTC but he can never tell anyone about. The denial part comes in here, and he thinks he is just simply offering another wild-west style bitcoin product to smaller "investors," Sure it's been alleged by many, many users to be a Ponzi but maybe, just maybe, once upon a star this guy is totally legit, and is trading like a boss or whatever to be able to pay investors 3000+% each year. In this scenario he is only guilty of being naive and ignorant, duped by Pirateat40 who does in fact seem to be a reasonably good scammer. If BurtW really rolled dice with Pirate, really saw the "baller lifestyle" in Vegas, then this scenario is very likely and after this scam collapses he will be regretful but he won't have known the whole time he was an agent of evil for .1%/wk for all he could bring in.