Topic: BS&T -- Are you staying or leaving? - page 12. (Read 24789 times)

Ok, let's play through a scenario..

Let's make an assumption that for every lender you have for your business, it eats 15 minutes of your time per week.  Sure some will be more because they're needy and ask a bunch of questions all the time, just like others will be less because they just want a 'set and forget'.  So, on average, you spend 15 minutes per lender per week.

My next assumption will be that we confine ourselves to a 9 hour working day, 6 days a week.  That gives us 54 working hours per week.  That gives us time for about 216 lenders.  Anything more than that, you're eating up your personal time.  We already made an assumption the person is working more than the traditional 'work week' and it pretty much factors out a 'day job'.  That leaves no time for other projects, like running CPUmax or your IT consulting business or the like.  It also leaves less than optimal time for a wife/husband and any kids.  Skip the hobbies, because you better believe there will be a honey-do list.  There can't be vacations because if you're not around for a day, people start labeling you a con artist because you didn't respond to your pm within 15 minutes or payments went out at 12:09 instead of 12:00.

Now imagine if you should shuffle some of the day to day to some of your more willing and able lenders.  Think of them like bundlers.  You don't want everyone to do it so you set some quantity limits, because otherwise every Tom, Dick, & Jane would want to be one and you've not reduced your time investment.  You figure out about how many coins you're using in your business, you divide that number by about how many people you'd like to interact with on a daily basis, and you base your numbers off that.  You've suddenly brought your time investment down from 50-60 hours a week to perhaps 10-20.  Certain people will feel uncomfortable with using a 3rd party for their savings, so you continue to offer them a plan with a rate that takes into account the cost for the amount of time they're likely to consume.

You're suddenly working less hours, dealing with more experienced people.   The pm's are now responded to more quickly because there's a team of people that are responding to them.  If people are dissatisfied with their bundler, they can move to a different one.  Hell, they can even use two or three at the same time because bundlerA offers free lunch and bundlerB offers free condoms.

So far we've not really changed anything, other than to whom the end user communicates.  We've not encouraging new deposits, we're simply encouraging consolidation.  We get more time with the wife.  We can spend more time on our other projects.  We can even go to our 10 year high school anniversary now without feeling guilty someone's going to complain.


1) How does any of the above not match with Pirate?
2) How is any of the above not reasonable?

If he's laundering drug money, then why claim he can't divulge or competition would come and kill his margins? Because there's such a small barrier of entry to working for that market (laundering drug money), anyone who lives close to the border can do it... 

7% per week equal approximately 3,300% per year.

Also, include the reason for minimum investments and decreasing interest rates in a money laundering context. Good luck.

Which one is that?

Do entertain us and provide a simple explanation for your "money laundering" hypothesis, simple enough that we can understand.

It is not I am stubborn, it is you failing to argue your point concisely.

Is anyone with "pirate is definitely not a ponzi" stance capable of forming a
logical argument without a bunch of fallacies embedded in it?

The exponential curve.

Have you seen how many times we were on an uptick in price and a wall showed up out of nowhere to kill it and bring us back down?

Its plausible.  Now who is being stubborn and refusing to accept the easiest solution?

Explain the minimum investment in a money laundering context.

Right lets short bitcoin to get more of it. It might be simpler than ponzi, but it also needs to be plausible.

Really?  Money Laundering fits perfectly well too.   Those types, once they find a source, want to flow more and more money through it.  How's that for occam's razor?

Occam's Razor is about avoiding excessively complicated explanations if a simple and fitting one is at hand.

The explanations offered by the pro-BS&T statements are a convoluted mess, make no sense, and are extremely diverse: nobody has the same opinion.

However, there is exactly one simple explanation that works and is well-documented: a HYIP Ponzi.

Occam's razor picks the Ponzi. Anyone can check that by making a simple map of arguments or a model of what BS&T supposedly does.

ouch, you got me here. OK 2 orders of magnitude then.

Are you kidding?  Ask a bank for a loan, they'll ask what its for. You tell them and they'll say no.  Natural resource mining is actually a risky en devour and many banks won't touch it.  So then you're asking 3rd parties for VC and you better believe they'll want more than 3% a year.

Right and it is absolutely impossible to rise equity capital or bank loan with interest rates at about 3 orders of magnitude lower annual interest.

I've yet to figure out why Occam's razor says it must be a ponzi.

I'm guessing no one here has ever had a natural gas reserve or oil reserve found on their property. It has a stupid high amount of start up capital demands, pays stupidly well for a certain amount of time, then gradually fades out.  That doesn't make it a ponzi.

Keep talking !

BTW the poll results on the top of this thread are rather curious.

About 80% of respondents say "yay, we give him lots of money, gonna be rich soon"
About 20% of respondents say "are you damn brainless idiot?"

Now google "pareto principle", read, think.

reeses have you read my post here?: https://bitcointalksearch.org/topic/m.1008302

I'm pretty sure you have more respect for me than the rest of the forum has respect for you.
Also, the one collecting money from others to invest in Pirate is you. All I have in there are my personal funds.

I'm still waiting for your lawsuit. I sent you my full name and address 6 months ago. Have go at it.
Put up or shut up.