nope. simple maths. When Pirate decides new investment this week < interest payouts, it's game over. I agree that timing this ponzi tough because of the culture of Ponzi-acceptance on this board, hell Pirate might just find another 3000 BTC worth of you guys this week and has been faking the blockchain interest payments the whole time to look 2x or 5x or 10x bigger than he is & was, and for all we know it could go on another 7 or 8 weeks. Seems highly unlikely after looking at some of the interest number going parabolic, which should be about when it goes boom.
Its pretty gut-wrenching reading anything involving maths by you simply because I know from your past poker book attempts that you were more inclined towards feel-poker than math-poker which just shows that you are not up to the mathematical tasks in life and prefer the gambling approach of feel and hope.
Keep at it, I need my daily feed of feel good micon-juice in the same way people watch Jerry Springer.
Then why don't you start selling BTCST CDS at 8%? I'd give it a run.
You can have a go at someone for past losses due to gambling, but from an outside perspective here's how this looks:
1-Nobody who is actually making >7% a week on here would keep issuing such a huge amount of extra debt. Why on earth would you finance yourself at 3400% APR when there would be plenty of demand even in the BTC world for an annual rate one-twentieth of that?
2-The market is not responding to trades that would make up 30000+ BTC/week in profit. I mean shit, if you perfectly timed literally every market movement on Gox you wouldn't make that, and especially in the environment of the past few weeks you'd be making a USD profit, not a BTC one. Pirate is not the only big mover in these markets either, so if the whole volume of our largest exchange wouldn't support the transactions required to keep him going what would?
3-Every time a thread like this gets opened, a dozen retailers of pirate investment schemes turn up and try to bury it. I know it's easy to not ask too many questions when you're making a nice little cut off the side - hell, Bernie Madoff gave his feeder funds about 90% of everything he ever took in fees, but this isn't a party that can go on for much longer. It's grown to the size now where I really do think we're approaching the limits of what should even be considered possible. So, last week's interest payment was 26000BTC. Seeing the amount that's going in and the amount that's compounding this week should be more like 30k. Do tell, where has BTCST made over 30k in profits this week? This isn't a big market, and a player that big should make some serious waves when they move their weight around, which they'd have to do a lot of to bring in that kind of cash each week.
4-Why pay 7%? If the business model wasn't just "bring in more deposits", you could find finance on these forums at 2% a week. Even at that level it would be tough for an operation as large as this one to be profitable, so why? Is Pirate some kind of philanthropist, giving back over a million dollars in interest every month for no good reason at all? I mean really?
People lose their shirts in the markets when they support things that don't obey basic fundamentals.
Just saying.
)
