Post
Topic
Board Lending
Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"
by
farfiman
on 31/07/2012, 05:25:04 UTC
3) I know exactly what he is doing, how he does it and why.  It is not a ponzi. It is a a legit business taking advantage of a rare economic opportunity that was just explained to you better and more detail than I have seen anywhere else.
Then why aren't YOU doing it?
Someone drops a business opportunity in your lap that pays >3000% APR and you're NOT already a competitor?

Just because I know how a real bank makes money doesn't mean I can run a bank... oh. ah....also banks are ponzi scams/...
Just knowing the business model doesn't make one capable of doing the exact same thing even if one wanted to.

BurtW said in previous posts that he inst running a competing business  because: 1) he is very happy with his profits from pirate and 2) he likes his day job....