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I remember seeing pirateat40's scam happening live. I could not believe that anyone could possibly fall for a fund offering 10%+ per week, and when I found out

by consz 12y ago

I remember seeing pirateat40's scam happening live. I could not believe that anyone could possibly fall for a fund offering 10%+ per week, and when I found out that he ran off with 150k bit coins, I laughed so hard. The bitcoin community always found ways to amaze me.

lotsofmangos 12y ago
To think, that it has come to pass that you can't trust an investment scheme in an unregulated currency by someone who calls themselves a pirate.
beaner 12y ago
What's really hilarious is that not only did the vast majority of the bitcoin community not get scammed, but you don't have to be a bitcoin user to be ponzi-scheme'd, since it happens to people everywhere all the time! It's so funny.
- nyolfen 12y ago
  reactive defensiveness and insecurity isn't actually very funny imo
  - beaner 12y ago
    The whole situation is not funny. That was my point.
    - nyolfen 12y ago
      if you can't find humor in the absurd level of fraud in the bitcoin sphere you're poorer for it
      - beaner 12y ago
        This reply is in direct contradiction to your first reply to me, which was a write-off of my laughing at the situation.
- tveita 12y ago
  "In total, Shavers took in more than 700,000 BTC - which at one point constituted approximately seven percent of all Bitcoin then in public circulation." I don't know how you'd define "the vast majority of the Bitcoin community", but 7% of the money supply is a pretty significant minority.