Let's start off with a quote, to set the atmosphere :
In summary, if you don't think like me, you are an idiot. Fuck everyone who doesn't agree with me. If you don't buy into bitbillions, you will be sorry. None of you are entitled to your opinions and all of you should agree with me because I say so.
These kind of statement make you look like a scammer doing anything possible to get people to sign up for bitbillions. My instinct is to stay away.
This is directed at some new guy with a "business" to push, but the funny thing is that it describes a good chunk of what MPOE-PR does and has been doing. On my very orders, no less. For a year and more, no less. Perhaps it's time to explain things a little, let the mask fall a little, make sense a little. After all we're here safely behind paywalls which while minusculei nevertheless work admirably to keep the riff-raff away. It's the principle of the thing, you see. It's the principle of the thing, and unlike money principles always work.
So, as everyone's seen once BTC went past 50 there's been a flurry of overactive (to say the least) people "interested". Are they interested in BTC ? Maybe. Not really, judging by how little attention they pay to anything BTC specific (like in the case of the guy being rebutted above exactly how the blockchain works, like in the case of some other Estonian guy exactly how the markets work, like in general what the WoT is and so forth). Most of all they're interested in money, ie fiat, and BTC suddenly popped on the radar as a money substitute. A way to get fiat.
What they do is copy what works, and what works is MPEx with its soon to be 50mn USD market cap and so forth. The useful parts are of course hard to replicate and even harder to see, especially if you're in a hurry (which mercenary types usually are - god knows why) and double-especially if you don't really care about the underlying crypto, finance and philosophy. So they replicate what's easy to replicate, and they "improve" in their own way upon what little they grok of it.
In summation, prepare yourselves for a deluge of MPOE-PR clones. They'll of course be quite easy to spot, thanks to the crash course in spotting MPOE-PR everyone's been getting the past year or so.
This is not an accident. It's quite deliberate, in that I knew a year ago that Bitcoin will eventually go over 50, that the entire "make money while you sleep" Internet Marketeering sleaze will suddenly discover it and try to migrate. I knew a year ago how this will play out, and so I've done what could be reasonably done to protect and defend. It is my turf after all, deeply so, and lo! everyone gets to benefit from this belief of mine.ii
PS. Here's an excellent discussion of the "scammer is in a hurry" aspect. You'd think that in the particular case discussed there a terrible rush is necessary for objective reasons and the scammers just adapt to that, as they'd adapt to anything for money. This is in fact false : a terrible rush is intrinsic to the scammer, and so the objective necessity just makes for a very good fit. But these considerations probably belong in a different article.———
- By the time you've read this article your computer has used ~150 Watts, which cost something like a cent. You've also paid 0.1 cents for the needed credit, making your cost basis 90% electricity in this case as opposed to every other page you read where it's 100% electricity. Internet is - obviously - free. [↩]
- I'll venture to say that the success of any project strictly depends on attracting the right types at the right times. Model it like a MMORPG, if you will : you need a meatshield to get through some dungeons, you need a mage of whatever type or you're never getting past whatever, that sort of thing. As long as the incarnation you get is good enough you pass. [↩]