Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

I mean, I'm grasping at straws here... but from the looks of it he created what appears to be a classic Ponzi/pyramid scheme in the form of a virtual game? If so, who involved didn't see that collapsing one day?

I remember when he started it. I trolled and I trolled. And no one listened. I think they saw it as a way of bootstrapping an economy. But right, a blind man could have seen it coming. Roll Eyes

I like how smooth starts off that thread by casually stating that rpietila owes >500 BTC in unpaid debts. Shocked

Really guys? Ya'll gave him >$3M worth of BTC and he gave you back nothing? And no one ever considered this guy could have been a con artist from day 1 on this very forum?

I don't buy his shock, tbh. I imagine he saw a clever way of locking up a bunch of XMR's and went along. It was a time bomb and he had to know it.