Topic: Bitcoin Savings and Trust | Home | Closed - page 50. (Read 802119 times)

i withdrew some yesterday

Yea, they are welcome to speak for themselves but I was not going to disclose that information.

it would probably be helpful if some lenders could help confirm that... although i'm sure most want to remain private.

This is an excellent response, thanks.

I remember this from somewhere! I take it you ran out of arguments?

what?
so now all four options are "yes", and only one option is "no".

Double witnessed and signed with an ASCII dick

https://bitcointalk.org/index.php?topic=60289.20

Witnessed

Let's never do withdrawals. All in favor, say Yes (or Oui, Ja, or Si).

Motion passed with 10 votes in favor, and zero votes against.

To be fair, he'd have to supply all the interest rate out of his own pocket temporarily. If he doesn't actually run any business, that might be difficult. Or not.

Fair enough. There's really no way to prove you _aren't_ a ponzi scheme without having everyone withdraw at once, and even then the scammer could just pay out all withdrawals, build confidence by doing so, and then steal money later. Anecdotal withdrawal evidence doesn't show anything, as the withdrawals are easily paid with other deposits.

Given that there's no way someone can be as profitable as pirateat40 while also being transparent, either we can assume he's a scammer and not invest with him, refuse to lend unless he becomes more transparent (thus curbing earning potential if he isn't a scammer), or just deal with the risk and accept the exceptional potential profits for what is certainly a risky business. I choose the last of those three, and so do many other people.

Bitcoin is an economy like we've never seen before. It's volatile, highly (pseudo/ano)nymous, and completely unregulated. This leads to lots of scams, but can also give us crazy profits. But you can't try to force it into standard expectations from real-world companies. Transparency is optional here, and the best you can do if you don't like it is to not invest with him. If you come here preaching at us and telling us it's risky, it just comes across as condescending, as if we haven't thought about this before. I lend a _lot_ of money to pirateat40, and sure, the thought of him running with it does cross my mind. I've decided that the risk is worth it, and lend to him anyway. Perhaps I'm irrational and/or greedy, but I don't think you're going to help with any of that.

Maybe you'll successfully convince some people here to withdraw from him because you've pointed out that there's no free lunch, and that's good because we don't want people naively thinking they can get high profits with no (or even low) risk. But when they pull out and open up more capacity, those of us who are more risk-tolerant and who can afford to play a bit more are just going to jump in.

I just cannot decide how to vote on that new poll.  It kind of remindes me of a US presidential election.  Which scum to you want, pick one.

No, it's for real! You get 1% per day, but can never withdraw it. Still, you get 1% per day, that's pretty good, no?

Of course, just trolling my own thread.

In all seriousness, I hope you're joking.

Seriously, If you want to invest, do your own research.  If you're just trolling, GTFO.  We're all happy here, and we are well aware of the risks we are taking.

New Poll

You see, I've read all the pages, and I've yet to find posts which cover all of the concerns I've issued lately.

To use the BTC for other purposes.

people tend to assume that everyone just deposit and don't ever withdraw. If that is the case, pirate would have at least tens of thousands of BTC.
investors do withdraw. I know I do.

Start here:
https://bitcointalksearch.org/topic/m.605957

Seriously, if you want to invest, do your own research.  If you're just trolling, GTFO.  We're all happy here, and we are well aware of the risks we are taking.