Topic: Bitcoin Savings and Trust is probably a Ponzi Scheme: A Petition - page 3. (Read 25616 times)
i keep waiting for luke jr. to show...
How is it not possible that pirate is Jesus?
The burden is on the claimant to show possibility. But for one thing, Jesus died a long time ago.That's what they want you to believe.
How is it not possible that pirate is Jesus?
The burden is on the claimant to show possibility. But for one thing, Jesus died a long time ago. 
Jesus. Pirate is Jesus. We can't prove nor disprove. Satisfied?
I'm pretty sure you're joking. But of course I can't imagine any way that could be possible. If you're trying to suggest a possibility, you have to explain how it is in fact possible.The issue is not proof or disprove of the truth of the claim. The issue is proof that the thing claimed is possible.
How is it not possible that pirate is Jesus?
Jesus. Pirate is Jesus. We can't prove nor disprove. Satisfied?
I'm pretty sure you're joking. But of course I can't imagine any way that could be possible. If you're trying to suggest a possibility, you have to explain how it is in fact possible.The issue is not proof or disprove of the truth of the claim. The issue is proof that the thing claimed is possible.
Where's the support for your claim that he is a ponzi?
I never said that he was a Ponzi. What I did say is that I don't know of anything else it could possibly be. I freely admit that that means it could be something I don't know of or can't think of. I've invited others to make suggestions in this thread, people have, and I've explained why none of those suggestions actually make any sense. (Did you somewhere mention something other than a Ponzi that it could possibly be? If so, I missed it. Please, I'd love to hear any other theories you have.)Jesus. Pirate is Jesus. We can't prove nor disprove. Satisfied?
Where's the support for your claim that he is a ponzi?
I never said that he was a Ponzi. What I did say is that I don't know of anything else it could possibly be. I freely admit that that means it could be something I don't know of or can't think of. I've invited others to make suggestions in this thread, people have, and I've explained why none of those suggestions actually make any sense. (Did you somewhere mention something other than a Ponzi that it could possibly be? If so, I missed it. Please, I'd love to hear any other theories you have.)I honestly believe it is more likely that it is something other than a Ponzi, that I cannot think of or do not know of, then that it is a Ponzi. But what this means is that it is impossible to estimate the risk. I submit that anyone who invests in something where the risk cannot possibly be estimated is an idiot. Further, they are an immoral idiot because they have no idea what the consequence of their actions are -- they don't know what they're funding.
Quote
High interest rate isn't enough. Do you have evidence of pirate failing to pay any returns? Has he been late (longer than say an hour)? Has ANYONE been screwed by pirate? In short, until you provide solid evidence, you're just a bunch of FUD.
If you want to cite specific claims I've made that I've failed to support, feel free to do so. But you've just made a list of claims I haven't made and then claimed that this somehow refutes the arguments I did make.I honestly can't conceive of anything simpler than a Ponzi scheme.
So therefore, we are limited by your myopia?
Where's the support for your claim that he is a ponzi? High interest rate isn't enough. Do you have evidence of pirate failing to pay any returns? Has he been late (longer than say an hour)? Has ANYONE been screwed by pirate? In short, until you provide solid evidence, you're just a bunch of FUD.
I honestly can't conceive of anything simpler than a Ponzi scheme.
So therefore, we are limited by your myopia?
I'm arguing against this claim:
Quote
What I'm saying is that the amount of effort he'd have to put in to be running a ponzi like this would be insane. Ever for the short period he's been running BS&T, it'd be too much for most to be running a ponzi.
And my point is that I know of no way it could be true. The person making the claim can, of course, explain some way it can be true. But until then, it's implausible because we know of no way it could be true. It implicitly assumes there is a simple way that requires less effort, but doesn't explain any such way."I know of a secret way that I won't tell you" doesn't cut it. It's possible, perhaps even likely, that this secret way is also implausible. You can keep your ideas secret, but then you can't present their existence as evidence to bolster your arguments.
I honestly can't conceive of anything simpler than a Ponzi scheme.
So therefore, we are limited by your myopia?
That was the point I was trying to make in a couple of places, but that sums it up nice and bluntly.
And if you want an example of how to make money pushing it around in circles, why don't you try shifting money back and forward between two (or more) trading companies that wish to save on the transfer fees that the banks charge for currency exchange. I've done that and benefited by several hundred dollars (probably less than a grand) just for personal use. If I was still running cross border businesses, it would be worth a lot more to me.
Another idea that works is to pick on jurisdictions where purchase power parity is out of alignment and move currency/goods to take advantage of the arbitrage.
I vote that it is, for reasons I promise not to go into. It is also making me money.
I honestly can't conceive of anything simpler than a Ponzi scheme.
So therefore, we are limited by your myopia?
What I'm saying is that the amount of effort he'd have to put in to be running a ponzi like this would be insane. Ever for the short period he's been running BS&T, it'd be too much for most to be running a ponzi.
The only alternatives to a Ponzi are a legitimate business or some other illegitimate business. Of those three possibilities, a Ponzi probably takes the least effort and provides him the highest potential reward. I would love to hear what you think would be an alternative explanation to a Ponzi scheme that takes less effort.I can think of several, and it just takes a bit of effort for the book-keeping. But I'm not going to disclose what I'm thinking of or doing, because that's not how the world works. You want to get rich, use your resources effectively, and don't give them away.
Edit, while sitting and thinking of some variations, there are systems that might not work in all jurisdictions, and some places will have better results than others.
I honestly can't conceive of anything simpler than a Ponzi scheme.
What I'm saying is that the amount of effort he'd have to put in to be running a ponzi like this would be insane. Ever for the short period he's been running BS&T, it'd be too much for most to be running a ponzi.
The only alternatives to a Ponzi are a legitimate business or some other illegitimate business. Of those three possibilities, a Ponzi probably takes the least effort and provides him the highest potential reward. I would love to hear what you think would be an alternative explanation to a Ponzi scheme that takes less effort.I can think of several, and it just takes a bit of effort for the book-keeping. But I'm not going to disclose what I'm thinking of or doing, because that's not how the world works. You want to get rich, use your resources effectively, and don't give them away.
Edit, while sitting and thinking of some variations, there are systems that might not work in all jurisdictions, and some places will have better results than others.
What I'm saying is that the amount of effort he'd have to put in to be running a ponzi like this would be insane. Ever for the short period he's been running BS&T, it'd be too much for most to be running a ponzi.
The only alternatives to a Ponzi are a legitimate business or some other illegitimate business. Of those three possibilities, a Ponzi probably takes the least effort and provides him the highest potential reward. I would love to hear what you think would be an alternative explanation to a Ponzi scheme that takes less effort. 
It's come to a point now that BS&T has been running for so long now that if it is a ponzi (which I don't think it is) and he is planning on running away with the funds, I'd honestly have to give him credit for being able to put together such a long lasting and elaborate scheme. Don't get me wrong, I'd still want my money back, but I'd have to say that he had me fooled pretty well if it was a ponzi.
It hasn't really existed that long. Most Ponzi schemes last at least a few months. Genius Funds lasted more than three years.
It's come to a point now that BS&T has been running for so long now that if it is a ponzi (which I don't think it is) and he is planning on running away with the funds, I'd honestly have to give him credit for being able to put together such a long lasting and elaborate scheme. Don't get me wrong, I'd still want my money back, but I'd have to say that he had me fooled pretty well if it was a ponzi.
The point you're trying to make is that... if he's a scammer, then he's a really good scammer?Gee, thanks splatster!
What I'm saying is that the amount of effort he'd have to put in to be running a ponzi like this would be insane. Ever for the short period he's been running BS&T, it'd be too much for most to be running a ponzi.
It's come to a point now that BS&T has been running for so long now that if it is a ponzi (which I don't think it is) and he is planning on running away with the funds, I'd honestly have to give him credit for being able to put together such a long lasting and elaborate scheme. Don't get me wrong, I'd still want my money back, but I'd have to say that he had me fooled pretty well if it was a ponzi.
It hasn't really existed that long. Most Ponzi schemes last at least a few months. Genius Funds lasted more than three years.
It's come to a point now that BS&T has been running for so long now that if it is a ponzi (which I don't think it is) and he is planning on running away with the funds, I'd honestly have to give him credit for being able to put together such a long lasting and elaborate scheme. Don't get me wrong, I'd still want my money back, but I'd have to say that he had me fooled pretty well if it was a ponzi.
The point you're trying to make is that... if he's a scammer, then he's a really good scammer?Gee, thanks splatster!
It's come to a point now that BS&T has been running for so long now that if it is a ponzi (which I don't think it is) and he is planning on running away with the funds, I'd honestly have to give him credit for being able to put together such a long lasting and elaborate scheme. Don't get me wrong, I'd still want my money back, but I'd have to say that he had me fooled pretty well if it was a ponzi.
Jump to: