Topic: Bitcoin Savings and Trust | Home | Closed - page 10. (Read 802116 times)

Sure it does. Insure yourself for twice as much as you'd normally do

Based on what?

Why Malaysia?  

Stop being like that. I've already brought up new points, in addition to the existing ones. However, if you'd prefer, I can play this game your way: What's wrong with strong words, especially when the evidence backs it up? What's wrong with rational thinking?
Except he clearly has enough time to do all of that, which I don't dispute. In fact, he's doing just about all of that already! I fail to see how that leaves him with enough time to do sales, especially since I believe that he said that they are in-person exchanges?
Again, I could care less about Pirate. I don't want to go long or short with him. I'm much more concerned about how his default will effect Bitcoin, both in terms of the price, but also in terms of how its perceived. At that point, I'm also concerned about how it'll affect the reputation of the forum. If someone as big and reputable as Pirate can get away with this, why should any reputation here be trusted?
That doesn't help me if BTC is worth 50% of what it was before he defaulted.

copumpkin: I'm just having a lengthy discussion why shorting BS&T doesn't work properly. The offers in the past were not true shorts or had other issues. I know people who would short the living hell out of BS&T, and this is not an understatement.



I know for a fact that the little flamewar triggered multiple withdrawals, independent on the rate changes. We just need to keep going until the kill switch is flipped.

Chilling new deposits alone should bring the thing down, that's why it's essential we do not leave this thread here alone. I think we're pretty close to the limit. Heck, there are some large asks and sales on Gox today, could be the remainder of the active wallet on its way to Malaysia.


At Goat insurance... gmaxwell showed me a post where Goat offered 200 BTC for evidence pointing him to child pornography or something. Claim it a joke or whatever; gmaxwell was not amused, I trust him, post was edited later, Goat is blacklisted.

People tried this before and it didn't really catch on much, but if you really think it's going to crash, go short on him. So many people believe strongly in him that I'm sure you'll find a counterparty who is willing to take regular insurance payments from you in exchange for coverage if things go south. My issues with CDSes don't really apply to high-profile people like you, because there's no doubt that you aren't pirateat40 and you have little power to cause him to default. So look for a counterparty for a large OTC CDS Have fun!

You can be like one of the protagonists of http://www.amazon.com/Big-Short-Doomsday-Thorndike-Nonfiction/dp/141043026X, fighting the bubble and making money on the way down.

Likely the same way that I, as an Online Community Manager, have time to do analytics on forums, develop marketing and social media strategies, and more all while having the time to chat with players in-game and through IRC and other medias. Ironically, it doesn't take that much time to write on IRC, and I think it's rather silly that you're going to try to use that.

Oh HELL no! Pirate should NEVER be trusted with money destined for charity. That would be like the pension funds that invested in Madoff.
My God, Vandroiy was right with the Eve comparison. In Eve, the biggest scam of all time was also considered by many to be the most reputable business there was. Now, before you say that this doesn't prove anything, it actually brings up a good point: Why hasn't anything ever gone wrong with his business? Sure, there have been some minor payout issues, but that's not his business.

Speaking of business, how does he, as a single person, manage both the investment side of things as well as the other side of his business, and still have time to post/chat on IRC? You can't tell me that his work is easier than MtGox, BitInstant, or Bitcoinica (either before or after its demise), and yet, that's the scale of how many Bitcoins he is dealing with.

Speaking of scale, while I normally could care less that people are falling for a ponzi, this has gotten to the scale where if something bad happened, it would STILL directly affect me, even though I'm not invested in Pirate. I decided to remain silent before, but this has gone too far. It's now at the point where the only way to ensure that you aren't exposed to Pirate is to drop Bitcoin entirely, and as a supporter of Bitcoin, I despise that staying out of Bitcoin is the only rational thing to do as long as Pirate is around.

Also, can anybody out of the blue invest in the "new" starter 100 BTC account ?

What happened to referrals ?

Oh, but can you do us a favor and leave out all the other unnecessary words, we don't make any BTC on those.  Just stick with something like this:

ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi,

Hey!  I got another payout from the last few posts.  Thanks!  Keep it up until your fingers get tired.

You are implying I am scamming here ? HOW ?

This is not a ponzi and I have said so multiple times in this thread.

hazek, glad you like my comedy. I like it myself

Hahahahaha spoken like a true ponzi "investor" apologist.

Good thing you already have the scammer tag.

Exactly.

Anyone talking about Ponzi in this thread should just STFU and GTFO ( just like psy said ) !

Can we make it so "ponzi" is automatically censored to "*****" like "BFL" is automatically censored to "***" in the FPGA forums ?

That would be great !

Also, IMHO the people shouting PONZI right naow should be liable for any losses that happen as a result of those posts ...

In other words, if this folds and I lose my xxxx BTC be sure I will come after you hazek and vandroiy to get my last satoshis because you come in here and try to ruin the partay because you were late and jealous now !

Since I think it's a ponzi scheme and I'd like it to go bust ASAP in order to save people from unnecessarily losing their money, wouldn't you say it would make sense for me and people who share my views to beat this horse in perpetuity to prevent any latecomers to miss out on the warnings especially because ponzi schemes can't survive without a constant stream of new suckers?

You aren't making any sense.

wow!  I got a payment! ponzi ponzi ponzi

I have figured it out!  I know how he does it!  Pirate has somehow figured out a way to make BTC every time someone types the word "ponzi".  Here, let me make some more BTC for myself and everyone who has money on deposit.  Sorry, all you here in this thread that don't have BTC on deposit won't get any:

ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi, ponzi,

I'm not the one making projections of "if this continues forever"  He's already reduced his rates twice.  Whats to say he won't reduce them further?  In fact, if he does reduce them, you'll bitch about "the end is near!"  At this point, people are going to bitch regardless of what he does.

Please quote me where he stated when he intends to stop. You see, two can play this game.