BS&T -- Are you staying or leaving? - page 13.

Vladimir

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Quote from: ?? on ??

You really think it could be something other than ponzi now? Oh lulz... At least you have the balls to admit you are slow...
Pirate is closer to oil money than drug money if you know where he lives/works...

ALL what you said above is obviously false. Try again.

Vladimir

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Quote from: Tomatocage on July 04, 2012, 09:56:31 AM

Quote from: Vladimir on July 04, 2012, 09:42:31 AM

Exactly! If it walks like a ponzi, looks like a ponzi, quacks like a ponzi it very likely is a ponzi.

As i said in the other thread, Occam's Razor has another side. Given Pirates close proximity to the Mexican border, and considering that area is a major drug trafficking corridor, I suspect this isn't a Ponzi at all. Most likely it's simply conversion if drug money, plain and simple. That would easily explain the outrageous returns at least.

Interesting possibility. So you are saying that they are possibly doing "conversion of drug money" AKA money laundering of USD via BTC and somehow this involves borrowing large amount of BTC and paying 6-10% per week on this. (BTW very interesting biz for it's promoters and "others" to be involved in with full self confessed knowledge of it)

Walk me through please, how it works? What is a plausible biz model here? Sorry for being so slow.

Tomatocage

legendary

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brb keeping up with the Kardashians

Quote from: Vladimir on July 04, 2012, 09:42:31 AM

Exactly! If it walks like a ponzi, looks like a ponzi, quacks like a ponzi it very likely is a ponzi.

As i said in the other thread, Occam's Razor has another side. Given Pirates close proximity to the Mexican border, and considering that area is a major drug trafficking corridor, I suspect this isn't a Ponzi at all. Most likely it's simply conversion of drug money, plain and simple. That would easily explain the outrageous returns at least.

Vladimir

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Quote from: ?? on ??

lol, zebra has ears... a monkey has ears... must be the same. logic at its best. way to go!

Exactly! If it walks like a ponzi, looks like a ponzi, quacks like a ponzi it very likely is a ponzi.

http://en.wikipedia.org/wiki/Biological_taxonomy Here you go. Count enough "shared physical characteristics" and you have identification of species with a very high probability.

Your argument is proven to be a logical fallacy. Try again.

finkleshnorts

sr. member

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Quote from: Raoul Duke on July 04, 2012, 09:35:04 AM

Hey, Goat. Stop being an asshole, OK?

Point to me which of my posts was an off-topic troll on Pirate's thread, please.

In fact I have the opposite opinion of Maged and BadBear, but I will not let any of you attack them for stating their own opinions, or else I'm opening the door for people to attack me and/or try and silence me just because there is a title of Staff under my username.

What you said just proves that you didn't even read any of my posts on Pirate's thread, and just assume I'm anti-Pirate because there is Staff written under my name.
Way to be blind, asshole.

+1

Raoul Duke

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Hey, Goat. Stop being an asshole, OK?

Point to me which of my posts was an off-topic troll on Pirate's thread, please.

In fact I have the opposite opinion of Maged and BadBear, but I will not let any of you attack them for stating their own opinions, or else I'm opening the door for people to attack me and/or try and silence me just because there is a title of Staff under my username.

What you said just proves that you didn't even read any of my posts on Pirate's thread, and just assume I'm anti-Pirate because there is Staff written under my name.
Way to be blind, asshole.

Vladimir

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Quote from: ?? on ??

Quote from: Vladimir on July 04, 2012, 09:11:00 AM

Quote from: EskimoBob on July 04, 2012, 09:08:14 AM

Let me remind you that none of you (including me) have no idea how Pirate is actually making money.

I beg to differ, some of us it seems have a very good idea about that, probabilistically at least.

and others know exactly what he is doing...

Yep, there is that magical secret biz model that "others" know exactly how it works and which is:
- not involving any ponzi either direct or by proxy, but demonstrates ALL the relevant red flags;
- having size of 20-50% of whole Bitcoin Economy by now; (any decent estimates BTW?)
- so magically profitable,
- but somehow it must involve hordes of pushers on forums and constant fight for new suckers;
- it must somehow involve many levels of intermediaries, that take their cut;
- cannot be financed by any traditional means of capital formation;
- must be operated anonymously;
- so much similar to confessions of EVE's Curring Trading;

Did I miss anything?

nice try

unclescrooge

hero member

Activity: 868

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One thing I don't understand. Pirate doesn't want to publicize his business to avoid competition. Fine, sure.

But a lot of people around here seems to know pretty well what he does. My question is then, why haven't we another pirate? Why haven't we competitors? Some cool glbse bonds unrelated to pirate but with great profit like his?

Or am I again missing something here?

flower1024

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Quote from: ?? on ??

Quote from: Vladimir on July 04, 2012, 09:11:00 AM

Quote from: EskimoBob on July 04, 2012, 09:08:14 AM

Let me remind you that none of you (including me) have no idea how Pirate is actually making money.

I beg to differ, some of us it seems have a very good idea about that, probabilistically at least.

and others know exactly what he is doing...

thats what he said! Wink

but i do believe he is honest... i have my own idea of his "operation".

Vladimir

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Quote from: EskimoBob on July 04, 2012, 09:08:14 AM

Let me remind you that none of you (including me) have no idea how Pirate is actually making money.

I beg to differ, some of us it seems have a very good idea about that, probabilistically at least. And Occam's Razor is on our side too.

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: ?? on ??

How did you lose money with TyGrr-Bond.B (Goat's Bank) It is still being traded on GLBSE and has never missed a dividend payment? Can you please make this clear??

We had an exchange of PMs and on some thread about it months ago. It was when you started to unilaterally reduce the dividends more and more, and I was unable to sell them nowhere near the price that I paid them, since their price was crashing as a result. So in the end I sold all of my 240+ bonds to you at their nominal price. But we are OT.

EskimoBob

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Quality Printing Services by Federal Reserve Bank

I opened a nice gold beer. Please, keep writing. This is so funny. Tongue

Let me remind you that none of you (including me) have no idea how Pirate is actually making money.

Sukrim

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Quote from: ?? on ??

But then I realized the odds are much greater that your mag goes out of print way before Pirates bank closes up...

Well, currently pirate's wallet size is [some numbers]3.76618902 and it's much [higher/lower] than you might think! I won't post numbers though until I did more analysis, also it could be expected that he doesn't have huge bitcoin holdings all the time - after all he claims to be trading with them! Wink

hazek

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Quote from: ?? on ??

6 months from now you will be calling ponzi, 1 year from now you will be calling it a ponzi. We get it you think it is a ponzi move on unless you really have nothing better to do with your life.

If you really believe that then I'm sure you've made a huge bet here: http://betsofbitco.in/item?id=433

Quote

Bitcoin Savings and Trust will default before the end of 2012
(This bet is a mirror of prediction #349.)
http://betsofbitco.in/item?id=349

The assertion is that Bitcoin Savings and Trust will default on payments on or before December 31. 2012.

This assertion is true if Bitcoin Savings and Trust is unwilling or unable to pay out requested deposits on or before December 31st, 2012 according to the opinion of Bitcointalk.org members on the Bitcoin Savings and Trust Forum Thread.

Bitcoin Savings and Trust Forum Thread: https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Info
Opening date: June 7, 2012
Bet deadline: Dec. 29, 2012 end of day Eastern Time
Event date: Dec. 31, 2012 end of day Eastern Time
Category: Economics
Total agree bets: 5.50
Total disagree bets: 0.50
Total weighted agree bets: 25002.851
Total weighted disagree bets: 2452.406

hazek

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Quote from: ?? on ??

No one with half a brain thinks it is a ponzi...

Precisely, only those with a whole brain financially and economically literate do.

flower1024

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Quote from: conspirosphere.tk on July 04, 2012, 08:48:01 AM

Premised that I am exposed to pirate both by PPT.Xs and bitcoinmax for about 50% of my BTC capital (the other 50 in mining companies -where I already lost nicely with their valuation -and before that I lost with Goat's "bank"), I too can figure that even if is not a ponzi, 3000%+ yoy sounds mathematically not sustainable in the medium to long term. However, this says nothing about what will happen at some point about the return OF the capital of lenders. Pirate might disappear with the loot, or he could return the capital (in full or in part) to his lenders and say game over.
Since I don't know, and I am aware that I might lose my investment, for the moment I keep hoping that the party keeps going playing my BTC (which are play money, nothing that could change my life) with pirate knowing that it must be high risk.
I lost more than I can lose now when I bought BTCs at 20$ each, and then buying radeons not considering well electricity costs and the speed of difficulty increase, so one can screw up investing in anything -even in things sounding much more safe and sound.

same here ,)
50% of my btc invested in pirate - and they will stay there (but i moved from TYGGR-P to bitcoinmax)

and yes: i also did loose MUCH more when i bought at 26$ and my energy cost where "up through the roof" (but i stopped mining a while ago; waiting for my jalapeno to start again).

you all should only invest play money in btc. in the end of the day it could be that btc are only woth 0.01$ again (even without pirate)

btw. i think pirate is one of the reasons bitcoin prices are a little higher again. more people keep their btc to invest with pirate - instead of selling them.

Vladimir

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Quote from: conspirosphere.tk on July 04, 2012, 08:48:01 AM

Premised that I am exposed to pirate both by PPT.Xs and bitcoinmax for about 50% of my BTC capital (the other 50 in mining companies -where I already lost nicely with their valuation -and before that I lost with Goat's "bank"),

And note how upcoming changes to mining scene were rather clearly signalled to you and others by yours truly well in advance.

Quote from: conspirosphere.tk on July 04, 2012, 08:48:01 AM

I lost more than I can lose [...] buying radeons not considering well electricity costs and the speed of difficulty increase, so one can screw up investing in anything -even in things sounding much more safe and sound.

ohh and this too.

Quote from: flower1024 on July 04, 2012, 08:54:41 AM

same here ,)
50% of my btc invested in pirate - and they will stay there (but i moved from TYGGR-P to bitcoinmax)

...

and yes: i also did loose MUCH more when i bought at 26$ and my energy cost where "up through the roof" (but i stopped mining a while ago; waiting for my jalapeno to start again).

And chances are that those jalapeno's while being a great gift and probably having nice coolness factor, still will not have that great ROI over it's lifetime as many hope for.

Quote from: flower1024 on July 04, 2012, 08:54:41 AM

you all should only invest play money in btc. in the end of the day it could be that btc are only woth 0.01$ again (even without pirate)

Yep, people, do not "invest" your rent, food, and college money like that, pretty please.

conspirosphere.tk

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Bitcoin is antisemitic

Premised that I am exposed to pirate both by PPT.Xs and bitcoinmax for about 50% of my BTC capital (the other 50 in mining companies -where I already lost nicely with their valuation -and before that I lost with Goat's "bank"), I too can figure that even if is not a ponzi, 3000%+ yoy sounds mathematically not sustainable in the medium to long term. However, this says nothing about what will happen at some point about the return OF the capital of lenders. Pirate might disappear with the loot, or he could return the capital (in full or in part) to his lenders and say game over.
Since I don't know, and I am aware that I might lose my investment, for the moment I keep hoping that the party keeps going playing my BTC (which are play money, nothing that could change my life) with pirate knowing that it must be high risk.
I lost more than I can lose now when I bought BTCs at 20$ each, and then buying radeons not considering well electricity costs and the speed of difficulty increase, so one can screw up investing in anything -even in things sounding much more safe and sound.

Jonny Heggheim

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What is it with all posters that spam all BS&T threads with ponzi-propaganda? This thread were about are you staying or leaving? Why do users that have never invested into BS&T spam this thread?

I will stay, but I will wait to reinvest my weekly payment till I see what happens with the trust/ppt scheme.

bulanula

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Merit: 500

Quote from: hazek on July 04, 2012, 08:35:36 AM

Quote from: bulanula on July 04, 2012, 08:30:53 AM

I am just wondering after the folding what will happen with the multiple of people promoting the scheme and their reputations ...

Nothing although I plan to singlehandedly change that in the future with a service I have plans to develop.

Good to hear.

The bitcoin-otc system is a total joke dominated by these same "people" and their sockies.

Filled with false ratings and total admiration of each other between these "high profile" guys.

Topic: BS&T -- Are you staying or leaving? - page 13. (Read 24789 times)