A day in the life of a pirate. - page 16.

symbols

newbie

Activity: 29

Merit: 0

Pirate, I'm trying to figure out what your game is... after some more research and consideration (and your statement to the contrary) I'm less convinced of drug-related activities.

Various previous comments imply comex experience, which is interesting... But your public record points more to business consulting...

Thanks for clarifying a little bit, and sorry if any of my past conjecture has raised the stress level of doing whatever it is you do. I'm really just curious =)

(sub)

-s

edit: I like the rum idea... maybe even a 'bitcoin, the early days' commemorative treasure chest with casascius coins and pirate rum bottles... Wink

finkleshnorts

sr. member

Activity: 336

Merit: 250

Unfortunately I can't to do much more than just watch, so my thoughts on this are insignificant and do not need to be answered or acknowledged.

But what absolutely blows my mind is that the rate of return is so much higher than any other investment opportunity, since all those extra %s could just go straight into pirate's pocket. I have yet to make any sense of this.

Reading the threads and speculation about BTCST has been absolutely a blast.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Quote from: Garr255 on May 21, 2012, 11:32:25 PM

Quote from: pirateat40 on May 21, 2012, 11:31:13 PM

Quote from: finkleshnorts on May 21, 2012, 11:28:34 PM

I want to fully believe in this so bad. After reading this thread I am one step closer. I am so torn. So torn.

It's easier just to watch. Never trust a ...

fish

Starfish waves at the "Farmer"

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Quote from: Garr255 on May 21, 2012, 11:32:25 PM

Quote from: pirateat40 on May 21, 2012, 11:31:13 PM

Quote from: finkleshnorts on May 21, 2012, 11:28:34 PM

I want to fully believe in this so bad. After reading this thread I am one step closer. I am so torn. So torn.

It's easier just to watch. Never trust a ...

fish

farmer

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: pirateat40 on May 21, 2012, 11:31:13 PM

Quote from: finkleshnorts on May 21, 2012, 11:28:34 PM

I want to fully believe in this so bad. After reading this thread I am one step closer. I am so torn. So torn.

It's easier just to watch. Never trust a ...

fish

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: finkleshnorts on May 21, 2012, 11:28:34 PM

I want to fully believe in this so bad. After reading this thread I am one step closer. I am so torn. So torn.

It's easier just to watch. Never trust a ...

finkleshnorts

sr. member

Activity: 336

Merit: 250

I want to fully believe in this so bad. After reading this thread I am one step closer. I am so torn. So torn.

splatster

full member

Activity: 176

Merit: 100

Quote from: pirateat40 on May 21, 2012, 11:21:38 PM

Quote from: nrd525 on May 21, 2012, 11:15:57 PM

>> Don't tie up your cash unless you have to.

What are you doing with your cash/profits that is earning a greater than 7% return each week?

Do you have another project has an even greater return? Or do you just like to spend money on consumer items?

I cannot think why you would put more into cash than enough to pay the minimum life essentials, if the alternative was to invest money at 7%/week. I'd not solicit new funds, pay off the original investors, and use my own money.

I don't know, my CPA should know, he should be making more than me right? Huh

?

No, in honesty. Vegas, Fast Cars, Private Islands and Parties... what else?

Don't forget that you're also going to 51% the network and you are running a money laundering service. Wink

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: nrd525 on May 21, 2012, 11:15:57 PM

>> Don't tie up your cash unless you have to.

What are you doing with your cash/profits that is earning a greater than 7% return each week?

Do you have another project has an even greater return? Or do you just like to spend money on consumer items?

I cannot think why you would put more into cash than enough to pay the minimum life essentials, if the alternative was to invest money at 7%/week. I'd not solicit new funds, pay off the original investors, and use my own money.

I don't know, my CPA should know, he should be making more than me right Huh

No, in honesty. Vegas, Fast Cars, Private Islands and Parties... what else?

nrd525

legendary

Activity: 1868

Merit: 1023

>> Don't tie up your cash unless you have to.

What are you doing with your cash/profits that is earning a greater than 7% return each week?

Do you have another project has an even greater return? Or do you just like to spend money on consumer items?

I cannot think why you would put more into cash than enough to pay the minimum life essentials, if the alternative was to invest money at 7%/week. I'd not solicit new funds, pay off the original investors, and use my own money.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: pirateat40 on May 21, 2012, 11:13:58 PM

Paying out USD is a ~~whole different~~ taxable ballgame, but I know what you mean.

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: rjk on May 21, 2012, 11:03:06 PM

Quote from: pirateat40 on May 21, 2012, 11:01:27 PM

Quote from: Kluge on May 21, 2012, 07:21:44 PM

Quote from: pirateat40 on May 21, 2012, 06:25:18 PM

I can tell you that GPUMAX alone is used by people in over 80 counties and gamers from all over the world.

That a clue? - Or maybe I misinterpret "gamers" Tongue

Nope sorry, I don't spend time adding in hidden messages to my comments. You would be surprise at how many users we gained from Twitter postings about GPUMAX that got circulated in the gaming community. ie. Minecraft, WOW, COD

WHAT you bitcoin people think you're the only ones with nice video cards? Grin

You'd get more gamers if you added a paypal cashout, like EMC.

Paying out USD is a whole different ballgame, but I know what you mean.

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: organofcorti on May 21, 2012, 06:24:29 PM

Can you tell us if your business venture is converting the bitcoin you borrow to fiat or not? I'd like to invest in a PPT type thing but I wouldn't like to invest in a business that uses btc only as a transport mechanism for fiat. I'll understand if you think this would give away to much about your business model.

Well, the only reason Bitcoin is worth anything is due to it's value against fiat currencies. At this point Bitcoin is a commodity and those that say otherwise have much more to learn. I hope to be a part of what changes that and look to see Bitcoin as the currency others are based upon. So to answer your question, I would say Yes, but it really depends on what you think Bitcoin is.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

Quote from: ?? on ??

Quote from: pirateat40 on May 21, 2012, 01:55:10 PM

Now, on with the show.

Would you consider producing a Bitcoin Savings & Trust branded rum? I think the two would complement each other quite nicely and plenty on these forums would buy it for the novelty value.

xD

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Quote from: pirateat40 on May 21, 2012, 11:01:27 PM

Quote from: Kluge on May 21, 2012, 07:21:44 PM

Quote from: pirateat40 on May 21, 2012, 06:25:18 PM

I can tell you that GPUMAX alone is used by people in over 80 counties and gamers from all over the world.

That a clue? - Or maybe I misinterpret "gamers" Tongue

Nope sorry, I don't spend time adding in hidden messages to my comments. You would be surprise at how many users we gained from Twitter postings about GPUMAX that got circulated in the gaming community. ie. Minecraft, WOW, COD

WHAT you bitcoin people think you're the only ones with nice video cards? Grin

You'd get more gamers if you added a paypal cashout, like EMC.

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: Kluge on May 21, 2012, 07:21:44 PM

Quote from: pirateat40 on May 21, 2012, 06:25:18 PM

I can tell you that GPUMAX alone is used by people in over 80 counties and gamers from all over the world.

That a clue? - Or maybe I misinterpret "gamers" Tongue

Nope sorry, I don't spend time adding in hidden messages to my comments. You would be surprise at how many users we gained from Twitter postings about GPUMAX that got circulated in the gaming community. ie. Minecraft, WOW, COD

WHAT you bitcoin people think you're the only ones with nice video cards? Grin

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Quote from: bitlane on May 21, 2012, 06:56:12 PM

It's times like this that I am thankful that BTCS&T Accounts are by referral ONLY.....and you can bet that after many of us have had to sit here and read this bullshit day after day with envious people spreading FUD because they couldn't get on the 'Pirate Train' early on....that NO ONE will be inviting any new people to jump on it now or any time soon.

Pirate, I for one want to say THANKS.

I know I have said it before, but there's no point in me being shy about in this thread.

THANKS for EVERYTHING.
bitlane.

Thank you.

rdponticelli

sr. member

Activity: 325

Merit: 250

Our highest capital is the Confidence we build.

Subscribing, finally, at one of these threads. The only one which isn't pure speculation...

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: pirateat40 on May 21, 2012, 01:55:10 PM

...

Q - Are you running a drug ring and laundering money for Silk Road?
A - Are you kidding me? I live in the US. If anything I was doing was illegal, my CPA, attorneys, and scariest... my wife would have my head. So to make it clear, nothing I'm associated with is illegal.

...

Well I thank you very much for clarifying this. My initial thought remains you are factoring Bitcoin receivables. It is also very likely that you are paying USD for them. This explains the need to hedge the currency risk by borrowing BTC and the need for uneven amounts of BTC. It is a perfectly legitimate and legal business provided that the underlying receivable is for something that is legal. I must admit that because of the very high return Silk Road did come to mind; however given how small the Bitcoin market is and the fact that it is not that easy to short BTC in order to hedge this, I can see how you can pay these high returns even if the underlying receivable is for something that is perfectly legal.

tgmarks

donator

Activity: 490

Merit: 500

Another solid response from pirate. This guy is good at what he does, there is no denying that.

I'm curious about that gamers comment also.

Topic: A day in the life of a pirate. - page 16. (Read 31770 times)