On the contrary, when it comes to Ponzis, a lack of evidence of anything is evidence of a Ponzi. It's also extremely easy to disprove if it's not a ponzi. As it is, there is no evidence that a business side of BS&T even exists. If I'm wrong about this, let me know.
Well, there are quite a few respected members of this very forum, that know exactly about the BS&T business. You being a Moderator, did you even think about asking them privately before making your ponzi accusations?
Of course, both as a public call for information, and as private requests. I finally have a lead, so I'm going to see where that brings us.
Now it might well be a ponzi, but the last two months led me to think it's not. The "ponzi campaign" seemed to work quite well, the withdrawal must have been large, according to GLBSE PPT rates and forum talks, yet he has been able to meet his obligations.
That's a common misconception. The "ponzi campaign"
did work well... for Pirate. Sure, a vocal minority withdrew a large chuck of money, but what you aren't seeing behind the scenes is that the "ponzi campaign" actually brought Pirate significantly more money. He was receiving close to 10% in deposits per week, even after you subtract the withdrawals. Of course he was able to meet those obligations, knowing that.
Hey, you Pirate supporters, could you point me to ONE case in history where someone has paid consistently several thousand percent REAL interest rate for an unlimited number of debtors over extended time where the nature of the business was not disclosed to investors that didn't turn out to be a scam.
The extended time you speak of is right at a year and its in a brand new/emerging technology. Look at any brand new, rapidly growing company and their rates will be off the charts and of course if you extrapolate those rates to infinite they look ridiculous. That's part of the point that the 'pirate supporters' are trying to make.. a high interest rate isn't a clear indicator all by itself.
So, your argument boils down to "because Bitcoin". I'm afraid that you'll have to back that statement up then. What is special about Bitcoin that allows Pirate to provide such large returns at this scale?
