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Topic: Bitcoin Savings and Trust | Home | Closed - page 25. (Read 802100 times)

sr. member
Activity: 336
Merit: 250
http://news.yahoo.com/back-oblivion-russian-fraudster-pushes-scam-062530584.html

I'm neutral on the MMM accusations, myself, but if interest payout starts dropping from this month it will be quite a coincidence.
legendary
Activity: 1666
Merit: 1000
 Grin

'nuff said..
donator
Activity: 3108
Merit: 1166
... I sure do love Bitcoin Mondays!

Me too! Thanks a million pirate!!!

I hope that we never have to play this tune except in nostalgic ironic memory of the greatest thing ever, that one day was wound down gracefully  Wink  Monday Monday, so good to me ...

http://www.youtube.com/watch?feature=player_embedded&v=h81Ojd3d2rY



hero member
Activity: 566
Merit: 500
As much as Mondays suck, I sure do love Bitcoin Mondays!
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
It is insurance, but I know you have seen the math on if it is worth while or not. And yeah, it is great if you can get the PPT bonds at the right price (I have bought PPT bonds while selling my own pirate bonds!). However the insurance gimmick is something someone should clearly look into before they buy. The buyer clearly has the option to just hold 125 of his 500 BTC on the side thus being the same as the PPT insurance depending on the rate he buys at. The PPT bonds are not bad, just different than one would expect in my opinion. There are good rates to buy them at and all buyers have to do is work out the maths first. I did not mean to be negative towards your product. Sorry if it came off that way. PPT bonds also have a plus that the others do not. They are backed by many trusted members. So if just one guy runs into trouble the bonds will be mostly (or 100%?) covered.

You didn't mean to be negative, but you do call the product a gimmick. 

The insurance fund is already set aside, so even if one of the original investors has trouble, it doesn't matter because the money is already set aside.  What happens when you have trouble?  Who is going to pony up the funds?
legendary
Activity: 1358
Merit: 1002
This all seems even riskier than bitcoinica, no offense.

Ah, but Pirate doesn't hold your funds hostage. lol

Bitcoinica didn't either...for a while.

OK, this one will shut you up: AFAWK Pirate didn't let hackers steal 64K BTC from him and blamed it on someone else.
legendary
Activity: 2198
Merit: 1311
This all seems even riskier than bitcoinica, no offense.

Ah, but Pirate doesn't hold your funds hostage. lol

Bitcoinica didn't either...for a while.
hero member
Activity: 560
Merit: 500
Ad astra.
This all seems even riskier than bitcoinica, no offense.

Ah, but Pirate doesn't hold your funds hostage. lol

Notable difference there. Wink
legendary
Activity: 1358
Merit: 1002
This all seems even riskier than bitcoinica, no offense.

Ah, but Pirate doesn't hold your funds hostage. lol
legendary
Activity: 2198
Merit: 1311
This all seems even riskier than bitcoinica, no offense.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?
Given that even if you could get a referral, pirate is not taking on new accounts, your best bet is to look into the various pass through programs. There's one in my sig, but there are others also. Check carefully on the terms, because not all offers are alike.

Yup, some like the PPT bonds offer "insurance" others like mine (check sig) and Brendio's do not.

I'm digging the quotes... as if its not insurance or something.
legendary
Activity: 1358
Merit: 1002
I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?

You send those 500 BTC to the address in my signature Grin
hero member
Activity: 812
Merit: 1000
I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?
Given that even if you could get a referral, pirate is not taking on new accounts, your best bet is to look into the various pass through programs. There's one in my sig, but there are others also. Check carefully on the terms, because not all offers are alike.

exactly. some offer insurance, others don't.
hero member
Activity: 518
Merit: 500
I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?
Given that even if you could get a referral, pirate is not taking on new accounts, your best bet is to look into the various pass through programs. There's one in my sig, but there are others also. Check carefully on the terms, because not all offers are alike.
legendary
Activity: 2198
Merit: 1311
I still don't understand what's going on here.  Ok, so I've got 500BTC I'm willing to play with.  What's next?
member
Activity: 89
Merit: 10
Also if any one's interested i whipped up a basic spreadsheet for keeping track of an investment, just change the white boxes, and file > save to
http://goo.gl/QOKLF

edit: might need that link haha thanks

If you buy pass-through products on GLBSE, you need to be aware that the weekly paying ones (FOO.PPPP...PPPPPT, TYGRR.BOND-P) do cost more than 1 BTC per BTC deposited and are atomic to ~1 BTC deposits. If you get 0.60 BTC as dividend, you cannot compound.
According to my calculations, the doubling should take place after 12 weeks, I would HIGHLY recommend pulling out your initial investment latest at this point.

ah yes very true, those double, triple lines will only work with a % rate from 6.5-7%, i've also bought in with someone else outside of glbse with the option to reinvest
legendary
Activity: 2618
Merit: 1007
Also if any one's interested i whipped up a basic spreadsheet for keeping track of an investment, just change the white boxes, and file > save to
http://goo.gl/QOKLF

edit: might need that link haha thanks

If you buy pass-through products on GLBSE, you need to be aware that the weekly paying ones (FOO.PPPP...PPPPPT, TYGRR.BOND-P) do cost more than 1 BTC per BTC deposited and are atomic to ~1 BTC deposits. If you get 0.60 BTC as dividend, you cannot compound.
According to my calculations, the doubling should take place after 12 weeks, I would HIGHLY recommend pulling out your initial investment latest at this point.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
As in the first post stated: storage demand: low, is it still posiible to get an invite from somewhere? pirateat40: I am already at your "pool" under "forumuser"@gmail.com.
ty

good job reading the rules
hero member
Activity: 812
Merit: 1000
is it still posiible to get an invite from somewhere?

possible, but possibly unlikely.
sr. member
Activity: 339
Merit: 250
dafq is goin on
As in the first post stated: storage demand: low, is it still posiible to get an invite from somewhere? pirateat40: I am already at your "pool" under "forumuser"@gmail.com.
ty
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