Topic: . (Read 7012 times)

It's very clear these rates can't be paid much longer!

Relatively few such posts, however, as you're hocking this crap to newbies. Shame on you.

In my view, regardless if BTCS&T is a ponzi scheme or not -- BTCS&T and the various PPT bonds are bad for bitcoin.

First: the 7% weekly return is going to kill mining bonds. They can't compete with that rate. More and more bitcoin investment is going to go into these pirate bonds and miners will no longer have the capital necessary to improve their hardware and remain competitive. Perhaps this is pirateat40's plan?

Second: There is no legitimate way for a business to make a profit while paying a weekly interest of 7%. Pirateat40 must be engaged in something illegitimate (at best), though it is more likely to be something illegal, if not a ponzi scheme. Whatever it is, it can only be bad for bitcoin, and the bigger his operation gets, the worse the outcome will be. Don't support his activities.

So, I implore everyone to ratchet down their greed a little. For the good of bitcoin, please settle for 2%-3% per week, avoiding the pirate bonds even if they pay twice that. You will still get a great return -- 2%-3% per week is ridiculous in real-world terms (long-term Treasury bonds pay only the equivalent of 0.05% per week).

I completely agree. If Pirate was actually able to make the returns he claims to, there is 0 reason why he wouldn't be doing it on actual exchanges where there is more liquidity and leverage.

Third PPT.x sell back for me. Everything working like a charm. Thank you.

Sounds like debating whether the earth is round. Not a stimulating debate...

Makes sense to point out that it's a scam on the newbie thread, but I imagine I'll leave the believers elsewhere in peace.

I think the word "Ponzi scheme" is overused, but this must be true. It seems more naked than most because there's not even an attempt to explain how the "fund manager" is generating profit. And even if they did generate profit, it would raise the question about why they don't self-finance. A credit card cash advance, for example, would be much cheaper to the "fund manager" without the overhead of making a zillion tiny deposits/repayments.

It's a scam almost by definition, just waiting for an opportune moment to never be seen again.  Compare all the similar scams that happened on Second Life, which were shaken out at the same time when Lindon banned casinos.

Yet a lot of the folks here get riled up and defend it against common sense advice?  I don't get that.

I can haz 7% too? xD

New to this. Will be putting 20-25% of my initial BTCs into one of the best PPTs as my high risk portion.

From the FAQ:
If you mean eventually, only Pirate knows. Live with it or do not invest.

If one was to buy, what exactly would one be investing in?

This is a high risk investment. There is a significant chance that you won't get any of your money back. So if you invest, please do it only with a small fraction of your money.

Some people, including myself believe this is a Ponzi Scheme. So I recommend not investing at all, but if you do, be careful and don't invest too much. If you're interested why people think this is or isn't a Ponzi, look into other sub-forums, such as the trading forum.

If I buy these will you back them with gold or silver?  Preferably physical coins or bars.  Thanks.

I will check this when I get more coins 

Do you provide this estimated income/dividend info somewhere more regularly or was this a one-off? Haven't seen updated info anywhere.

You're the best!!!! Thank you so much and everything sounds great!!!


Good work on laying the "ground-work" for the future of trading shares of companies in BTC.

Good morning,

I have a few questions about the ppt.div

How long do you expect to continuously payout dividends? I imagine that an answer for that is *estimated*, but an estimate is still expected.

Do you see the PPT.div expiring or being discontinued at anypoint within the next 6 months? *estimates* on this are also acceptable as no one can predict the future.

At what date do you have to own the share to receive the dividend for that share? For example, I personally purchased shares yesterday (06/25/12). When can I expect my first dividend payment?

Also, I'm assuming dividend payments get credited directly to your "brokerage* account, correct?

Is there any way to reinvest dividends? If not, it might be worth looking in[Suspicious link removed] You could still maintain the 9000 share count and base dividend reinvestments on open buy orders based on the payout amount (Could be manipulated, probably not a good idea).

OR

When it comes time to do dividend payments, you can try to *buy-back* shares at a set premium based on the volume of dividend payments that want to be revested and either A) buy all shares back at a small premium and the redistribute the shares appropriately (according to the amount of people that want to have their shares revested) or, B) If there aren't as many willing to sell based on the buyback, issue a partial revestment and a partial payment. The work could be more painful, especially weekly.

I understand that the reinvestment may not be possible to do the brokerage itself.


Answering those questions might shed some light on those "dividend" chasers that aren't into *risky* or *get rich quick* shindigs, because I didn't find much info on the PPT.div, I decided to ask in the thread itself.

Good work and thanks for the effort that you've put forth in trying to keep this market going.



*A little about me*

I invest in dividend stocks on my own time and work for a bank. I do mine for BTC for profit currently. I am also really interested in getting a FPGA set-up going, but still establishing *advanced* technical know-how.

Cheers!!!

PM sent

Stochastic asked for standard deviations in the other thread, so I build a weighted stdev calculation function in GDocs to calculate these.

PPT.B #2 if you remove the silly 1.3 bid, the stdev falls to 0.00423054

so there will not be any european bonds???

Back to the corner, you!!