Time to go watch the "Distressed Pirate Debt" market. /bye
Dalkore
Topic: Bitcoin Savings & Trust - Money Returned List (One reported - CLOSED). - page 8. (Read 67125 times)
August 22, 2012, 04:17:47 PM
August 22, 2012, 04:14:48 PM
August 22, 2012, 04:12:00 PM
For me it looks like he bought this coins directly from a large miner, which makes sense to me.
in that case we would see an intermediate address...
Unless paying out to his clients were terms of the sale, or unless he bought the private keys themselves, etc.
People draw so many conclusions from so little data, I swear.
August 22, 2012, 03:50:28 PM
wow, its going to take a *long* time for GPUMax to mine 500k btc. So much for paying oldest accounts first, eh?
Well, at least we've moved from "Pirate ain't paying back squat" to "So much for paying oldest accounts first." August 22, 2012, 03:48:11 PM
wow, its going to take a *long* time for GPUMax to mine 500k btc. So much for paying oldest accounts first, eh?
My guess is he pays back little accounts with GPUMAX so that these random investors have no idea who his clients are. Maybe this is why he had to trust YOU to lend to him large amounts...
August 22, 2012, 03:45:45 PM
wow, its going to take a *long* time for GPUMax to mine 500k btc. So much for paying oldest accounts first, eh?
August 22, 2012, 03:42:01 PM
Man, some will feel so sorry when Pirate will pay everyone back.
thats for sure.
I didn't have the time to read the whole BS&T thread, but wasn't the found only accepting large investments (>100BTC!). 100BTC would be a PPT account, right?
He did accept the small accounts, but not with the same high interest rates.
August 22, 2012, 03:39:25 PM
Man, some will feel so sorry when Pirate will pay everyone back.
thats for sure.
I didn't have the time to read the whole BS&T thread, but wasn't the found only accepting large investments (>100BTC!). 100BTC would be a PPT account, right?
August 22, 2012, 03:35:49 PM
Man, some will feel so sorry when Pirate will pay everyone back.
August 22, 2012, 03:30:16 PM
Pirate, one account and 100 BTC is not good enough. You should try harder.
August 22, 2012, 03:28:54 PM
RELAX. He isn't really paying anybody back. This is just smoke and mirrors. Besides, this is precisely what happens when a normal Ponzi collapses.
I know you were trying to be sarcastic, but people do usually get money back from ponzi schemes. They just don't get all of the money they're owed or all the money they put in. Normally the distribution is done by a trustee. In this case, it's being done by pirate/the ponzi schemer himself. I would expect that he's just choosing people at random to pay back, but he won't pay everyone back.
August 22, 2012, 03:23:40 PM
RELAX. He isn't really paying anybody back. This is just smoke and mirrors. Besides, this is precisely what happens when a normal Ponzi collapses.
August 22, 2012, 03:15:53 PM
It looks like coins are coming back !
Apparently using freshly-generated coins too in some cases, e.g. this payment http://blockchain.info/tx-index/16885882/c2d0742df8df67c0507fd270b3c262f8a0118ba3a9b91357c83a04d952d0a32d - very interesting.Edit: not just freshly-generated coins that weren't mined by any pool that blockchain.info is aware of, but ones that were mined with a very unusual 47.5 BTC / 2.5 BTC split in the coinbase payout, which means custom software.
Edit 2: and yep, that entire payment comes from coinbase transactions paid to http://blockchain.info/address/1PSf86KnLuzM7Ris5kDhTEZwooR3p2iyfV - which represents 5+% percent of the total Bitcoin hashpower right now at a quick estimate. I have a bad feeling about this.
For me it looks like he bought this coins directly from a large miner, which makes sense to me.
There was a thread about this some time ago, when GPUMAX hashing power was being directed to a private pool, with 47.5BTC going to some other address for every block.
At the time, Pirate said that this private pool would be "part of the business model" of GPUMAX.
Asides from GPUMAX being a coin laundry I don't really see what use it'd be when mining to a pool under your control...
August 22, 2012, 03:14:23 PM
Edit 2: and yep, that entire payment comes from coinbase transactions paid to http://blockchain.info/address/1PSf86KnLuzM7Ris5kDhTEZwooR3p2iyfV - which represents 5+% percent of the total Bitcoin hashpower right now at a quick estimate. I have a bad feeling about this.
how can't you? but what does that specifically tell you?
August 22, 2012, 03:09:05 PM
For me it looks like he bought this coins directly from a large miner, which makes sense to me.
in that case we would see an intermediate address...
Maybe he's working with the miner to send coins to addresses?
Or... Pirate used his lenders' money to create ASIC chips.
August 22, 2012, 03:01:04 PM
For me it looks like he bought this coins directly from a large miner, which makes sense to me.
in that case we would see an intermediate address...
August 22, 2012, 02:55:17 PM
Edit 2: and yep, that entire payment comes from coinbase transactions paid to http://blockchain.info/address/1PSf86KnLuzM7Ris5kDhTEZwooR3p2iyfV - which represents 5+% percent of the total Bitcoin hashpower right now at a quick estimate. I have a bad feeling about this.
GPUmax? Would make sense if he needs to cover the tracks of his clients.
August 22, 2012, 02:52:13 PM
It looks like coins are coming back !
Apparently using freshly-generated coins too in some cases, e.g. this payment http://blockchain.info/tx-index/16885882/c2d0742df8df67c0507fd270b3c262f8a0118ba3a9b91357c83a04d952d0a32d - very interesting.Edit: not just freshly-generated coins that weren't mined by any pool that blockchain.info is aware of, but ones that were mined with a very unusual 47.5 BTC / 2.5 BTC split in the coinbase payout, which means custom software.
Edit 2: and yep, that entire payment comes from coinbase transactions paid to http://blockchain.info/address/1PSf86KnLuzM7Ris5kDhTEZwooR3p2iyfV - which represents 5+% percent of the total Bitcoin hashpower right now at a quick estimate. I have a bad feeling about this.
For me it looks like he bought this coins directly from a large miner, which makes sense to me.
August 22, 2012, 02:45:46 PM
? August 22, 2012, 02:24:54 PM
It looks like coins are coming back !
Apparently using freshly-generated coins too in some cases, e.g. this payment http://blockchain.info/tx-index/16885882/c2d0742df8df67c0507fd270b3c262f8a0118ba3a9b91357c83a04d952d0a32d - very interesting.Edit: not just freshly-generated coins that weren't mined by any pool that blockchain.info is aware of, but ones that were mined with a very unusual 47.5 BTC / 2.5 BTC split in the coinbase payout, which means custom software.
Edit 2: and yep, that entire payment comes from coinbase transactions paid to http://blockchain.info/address/1PSf86KnLuzM7Ris5kDhTEZwooR3p2iyfV - which represents 5+% percent of the total Bitcoin hashpower right now at a quick estimate. I have a bad feeling about this.
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