Bitcoin is the perfect platform for a ponzi scheme... However, could we track the coins and consider them tainted?
Blockchain.info?
Topic: Bitcoin Savings & Trust - Money Returned List (One reported - CLOSED). - page 13. (Read 67107 times)
August 21, 2012, 12:54:39 PM
Blockchain.info?
August 21, 2012, 12:53:14 PM
Jesum, when did this become a "hit" thread?
August 21, 2012, 12:51:31 PM
Bitcoin is the perfect platform for a ponzi scheme... However, could we track the coins and consider them tainted?
August 21, 2012, 12:43:29 PM
If Pirate won't return the coins I think somebody should teach him a lesson... is he hard to be found?
The people who bought from him should thank him for teaching them a lesson - don't invest in something you know nothing about, especially something that keeps needing more and more money just like a Ponzi scheme. The way I see it, people got what they deserved. He's probably fled, if it were possible to find him, it likely is not now. That could very well be the reason (or a portion of the reason at least) he's been delaying lately.
Of course, I am just speculating, he could pay up still, but my gut feeling has been that he's a scammer since the beginning and I think the fact he's paid nothing so far is quite telling.
August 21, 2012, 12:22:21 PM
Dude is from Texas, you know he has some guns. You try to "teach him a lesson" you'll end up justifiably dead and he wouldn't even get arrested. Not worth it, even if you lost 6+ digits.
August 21, 2012, 12:19:31 PM
If Pirate won't return the coins I think somebody should teach him a lesson... is he hard to be found?
August 21, 2012, 12:15:34 PM
On the plus side this might actually lead to the creation of that assasination market that being discussed last year. I can't wait for the bounty threads that are coming.
Doesn't that already exist with Black Market Reloaded? I've actually never been but remember reading there was zero moral restrictions there. I know stuff like that is banned on SR.
Anyway that's not a good thing, and anyone that tried to use such service would be in prison faster than I typed this post.
August 21, 2012, 12:10:49 PM
The money is gone. Nothing will be returned. If Pirate couldn't pay partial withdrawls and 5%, what makes you think he can pay complete withdrawals and 7%? On the plus side this might actually lead to the creation of that assasination market that being discussed last year. I can't wait for the bounty threads that are coming.
"Everybody knows...That the world is full of stupid people...."
"Everybody knows...That the world is full of stupid people...."
August 21, 2012, 12:06:02 PM
Well this whole thing might work out really good for people with coins to spend..... Buying Pirate assets at a discount..... (but if payments don't get made and he flees the scene in his brand new Porsche GT3) It'll be one fucky place around here...
Maybe it is Pirate creating the distress and then buying the distressed assets.
The combination of closing up shop abruptly on a Friday (when fiat flows are now frozen for 72 hours), and then dumping a decent amount of coins on the market might have worked. Cause a panic and buy some of the owed coins at half off. Then cause some vague delays for 3 or 4 days and cover the rest of the liabilities by scooping up the "nearly worthless" PPT shares at a deep discount. On paper everyone is paid in full, while in reality a lot of wealth gets siphoned off.
It might have worked but there was no capitulation. No desperation sales at sub $5.00 prices. Lets hope that wasn't the game plan because the shock has worn off. There will be no cheap coins.
I'd have funds loaded up in the exchanges for the weekend. There might be a garage sale.
August 21, 2012, 11:46:03 AM
Well this whole thing might work out really good for people with coins to spend..... Buying Pirate assets at a discount..... (but if payments don't get made and he flees the scene in his brand new Porsche GT3) It'll be one fucky place around here...
Maybe it is Pirate creating the distress and then buying the distressed assets.
The combination of closing up shop abruptly on a Friday (when fiat flows are now frozen for 72 hours), and then dumping a decent amount of coins on the market might have worked. Cause a panic and buy some of the owed coins at half off. Then cause some vague delays for 3 or 4 days and cover the rest of the liabilities by scooping up the "nearly worthless" PPT shares at a deep discount. On paper everyone is paid in full, while in reality a lot of wealth gets siphoned off.
It might have worked but there was no capitulation. No desperation sales at sub $5.00 prices. Lets hope that wasn't the game plan because the shock has worn off. There will be no cheap coins.
August 21, 2012, 11:38:15 AM
Boy, would you guys keep this thread clean?
If thats not possible than I suggest OP at least collects valid claims and posts them in OP.
If thats not possible than I suggest OP at least collects valid claims and posts them in OP.
Nonsense!
Noone expects that there will be any real transactions posted here.
>>If pirate would pay anyone back then that woud be worth a whole brand new thread of its own!<<
Meanwhile this thread can serve as a coming-to-terms- place for the people who made a bad investment...
If this in an investment, so is the lovely bridge I have for sale
August 21, 2012, 11:37:12 AM
Boy, would you guys keep this thread clean?
If thats not possible than I suggest OP at least collects valid claims and posts them in OP.
If thats not possible than I suggest OP at least collects valid claims and posts them in OP.
Nonsense!
Noone expects that there will be any real transactions posted here.
>>If pirate would pay anyone back then that woud be worth a whole brand new thread of its own!<<
Meanwhile this thread can serve as a coming-to-terms- place for the people who made a bad investment...
August 21, 2012, 11:14:46 AM
If funds haven't started being sent out by now, they're not going to be, ever. "So meet me at the mission at midnight. We'll divvy up there."
August 21, 2012, 11:14:06 AM
We know nothing yet. DnT makes a perfectly valid point; if we assume its not a ponzi and Pirate can and will pay back, he and/or his fanclub would have an enormous financial interest in making it appear otherwise, allowing them to make bets and buy back PPT debt at a large discount. Pirate (presumably) knows exactly what will happen, and so might at least a few other people. That knowledge could be worth a small fortune by itself.
Now Im not saying its necessarily a wise assumption to make that he will pay back, but its no different than last week or last month. Id also like to point out that if it is a ponzi, it doesnt make too much sense for him to drag it out like this and keep up appearances for a few more days, or even weeks. He'd have to run, so he might as well do it now.
Now Im not saying its necessarily a wise assumption to make that he will pay back, but its no different than last week or last month. Id also like to point out that if it is a ponzi, it doesnt make too much sense for him to drag it out like this and keep up appearances for a few more days, or even weeks. He'd have to run, so he might as well do it now.
Really, it makes no sense for him to drag things out??? Yeah, because if you need to run, the last thing in the world you need is some extra time
August 21, 2012, 11:13:20 AM
Id also like to point out that if it is a ponzi, it doesnt make too much sense for him to drag it out like this and keep up appearances for a few more days
you are underestimating the effect public appearances can have on an overinflated ego
August 21, 2012, 11:11:36 AM
No money will come today, this week or this year.
(pure speculations - FUD, according to some)
I have, like Vladimir zero BTC invested, as Pirate came with big red stop signs from the very beginning..
(pure speculations - FUD, according to some)
I have, like Vladimir zero BTC invested, as Pirate came with big red stop signs from the very beginning..
August 21, 2012, 11:10:29 AM
We know nothing yet. DnT makes a perfectly valid point; if we assume its not a ponzi and Pirate can and will pay back, he and/or his fanclub would have an enormous financial interest in making it appear otherwise, allowing them to make bets and buy back PPT debt at a large discount. Pirate (presumably) knows exactly what will happen, and so might at least a few other people. That knowledge could be worth a small fortune by itself.
Now Im not saying its necessarily a wise assumption to make that he will pay back, but its no different than last week or last month. Id also like to point out that if it is a ponzi, it doesnt make too much sense for him to drag it out like this and keep up appearances for a few more days, or even weeks. He'd have to run, so he might as well do it now.
Now Im not saying its necessarily a wise assumption to make that he will pay back, but its no different than last week or last month. Id also like to point out that if it is a ponzi, it doesnt make too much sense for him to drag it out like this and keep up appearances for a few more days, or even weeks. He'd have to run, so he might as well do it now.
August 21, 2012, 11:00:54 AM
I was hopeful, but no payments made yet.... yeah. It's all over guys.
August 21, 2012, 10:40:42 AM
Well this whole thing might work out really good for people with coins to spend..... Buying Pirate assets at a discount..... (but if payments don't get made and he flees the scene in his brand new Porsche GT3) It'll be one fucky place around here...
Maybe it is Pirate creating the distress and then buying the distressed assets.
The combination of closing up shop abruptly on a Friday (when fiat flows are now frozen for 72 hours), and then dumping a decent amount of coins on the market might have worked. Cause a panic and buy some of the owed coins at half off. Then cause some vague delays for 3 or 4 days and cover the rest of the liabilities by scooping up the "nearly worthless" PPT shares at a deep discount. On paper everyone is paid in full, while in reality a lot of wealth gets siphoned off.
It might have worked but there was no capitulation. No desperation sales at sub $5.00 prices. Lets hope that wasn't the game plan because the shock has worn off. There will be no cheap coins.
August 21, 2012, 10:37:16 AM
Well this whole thing might work out really good for people with coins to spend..... Buying Pirate assets at a discount..... (but if payments don't get made and he flees the scene in his brand new Porsche GT3) It'll be one fucky place around here...
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