Topic: BullShit Trust. It is the beginning of the end. - page 2. (Read 7176 times)

bitlane's avatar says it all...

10+ ignores and proud of it

You're ridiculous. I mean, how fucking old are you? You're a joke, and everyone taking this to prove bst is a ponzi is a joke as well.

Glad Pirate closed your account. I just hope all this FUD doesn't lead him to close for good, because you will feel sorry aout the lost opportunity, and the stability that pirate brought to bitcoin price (yes, regular increase is also stability as opposed to volatility).

So you discount the possibility that he was just unavailable for a few hours ? Heck, for all we know, perhaps he was on a date, and busy with trying to get a posh babe to spread here legs.

I was and still am crying SHIT COMMUNICATION.

Telling me that I am 'In a queue' with nothing else to accompany it, might as well be telling me the asshole is a body part, when I ask where it's located.

No, I don't have 0.5K BTC to lose. Therefore I won't invest such an amount anywhere I think I might lose it.

It looks like you are exercising self reflection here, which is good.

You stated you are in the same time zone as Pirate, which means, the chance of getting swift replies are bigger.

However, sometimes unexpected things just happens. While anyone running a business would love to be available through all business days, year round, sometimes there are accidents, emergencies, celebrations etc. Things happens.

You stated you already had several prompt withdrawals. Which is good, and led you to expect that this service would be just as swift in the future.

Now, let's picture this: Let's say that you are usually available 19:00 in the afternoon. At this time, you're always around the computer, ready to answer any message or request that pops up. Then suddenly one day, while you sit down to spend some time on your pc, you get a call from a close friend, or a family member, requesting your assistance for an emergency of a larger or smaller degree, and you reluctantly needs to leave your beloved PC to attend to this meat space disruption.

Or picture you're on the way home from your office and there's been a traffic accident, or there's road construction work, or a flood, an oil spill, or whatever slows the traffic down.

Point is that there are hundreds of things that can happen in an ordinary day that can make something become delayed.

Of course there's always cell phone internet plans, so it's possible to process requests even when stuck in traffic, but the point is that if your grandmother had a seizure, your daughter stepped on a piece of glass, or you have stomach issues and is spraying the toilett, you will be unavailable.

Most likely you will be available at your computer at 19:00 92% of the days in a year, while on the remaining 8% you will be unavailable for whatever reason, sometimes life just happens and a day or more go by when we can't do the stuff we intended to do.

This is not a defense of pirate, but just trying to add some common sense into the matter.

I think that after a day, if no response is received, and then a follow up response also doesnt receive a response, then it's time to complain on the forum. I understand you get upset when money is 'locked' up. I wasn't too easy myself this week when I had requested a withdrawal from a non bitcoin-related business, and I thought it took forever to get it. I explicitly asked that the business in question notified me once the transaction was initiated. There was not a notification whatsoever, and naturally yesterday, after 4 business days without a confirmation of the withdrawal, I started to be uneasy. Today the money came, and it was sent on wednesday this week, but they didn't bother telling me they had initiated the transaction as they promised to do.

A case of lack of communication. Some would probably call me impatient, but when you don't receive any messages, you have no idea what's going on on the other side.

So, a little patience should be exercised at least, and personally I would give a bitcoin business a couple of days to respond before I start crying foul.

Sorry....Who's screaming/whining Ponzi ?

If you think it is a ponzi/some other risky venture, why are you screaming/whining now that you may have lost?  If it is true that it is a ponzi then you are only stealing others' money by withdrawing anyways

He's simply closing the account because bitlane is being a prick.   Simple as that.

You are correct on a few points and to that I concede.

Luckily, in my own defense, this forum has User Stats that clearly show MOST ACTIVE/HISTORICAL TIMES

Pirate and I seem to be in the SAME time zone as well and since I try not to bother him during regular business hours too much as he could very well maintain a 9-5 job, WHEN IS A GOOD TIME ?

As I have said previously, I am not at all saddened by the forcible closure of my account and can only thank my lucky stars that I was NOT A TRUST account, as I would have stood to lose an additional 500 BTC 'Security' Deposit for 'Rocking the boat'.....

Let this be a lesson to all TRUST ACCOUNTS:

I don't have a 500 BTC Security Deposit to lose, but you surely may. Keep your mouths shut and keep the deposits rolling in

Bitlane:

Imagine you ran a bitcoin business. To have control of everything, you did it all yourself, and did all transactions manually. You always did your best to respond to messages and to process payout requests as quickly as possible.

However, as you were a one man business, you needed to sleep every night, and you needed to go to the mall to buy groceries, heck you might as well have a family that needed your attention from time to time. You may have other interests that take some time as well (chess-playing, soccer practise, going to the gym etc.)

Let's assume there's only 24 hours available for you pr. day. It's the same for everybody.  Now, picture you sleep for 8 hours a day, then on average you spend 3 hours a day on non-bitcoin related activities. This leaves you with 13 hours remaining.

Now, picture you have customers from all over the world, all of them do business with you. Some love in Asia, some in Europe, and some in America. So you get messages and withdrawal requests every hour of the day, around the clock. Most of the time, you are able to process withdrawal requests immediately, but at other times, the request comes in when you go to sleep, and the customer has to wait till you wake up before you can process the request. Or you just left for your kids soccer match in another state, and won't be home until 5 hours later.

So, if you were running the business, and you had an angry customer yelling at you on e-mail and in the forums, after 3 hours of non-action on your side, while you were sleeping or away on a soccer match, would you be pleased ?

While we all want to look after our own issues, and want them solved, we must realize there are humans on the other side, and sometimes things do take some time. The bitcoin world is more faced paced than other businesses, and a reasonable expected response time should be 24 hours on weekdays.

So, when after 3 hours nothing has happened, do you think it's reasonable to complain already, and do you think it's unreasonable to have your account closed ?

But, consider yourself lucky, you will probably have all your funds returned. Time will show is others are similarily lucky.

It's not terribly interesting if pirate doesn't reply to email for a few hours, and then replies.

But it's very interesting if BTCST withdrawals and account closures are suddenly "paydays only please", if they weren't before.

Thanks for your candidness, Bitlane.

As I have always maintained, I have NOTHING to hide.

Over the course of 7 months, I made a total of 4 withdrawals, totaling 2165 BTC....with the largest being 1900 BTC (1900 + 140+ 100 + 25).
All 4 withdrawals were received at break-neck speeds after requesting them.

After 3+ hours of waiting and ZERO Communication to tell me otherwise, I had simply had enough.

I was then informed that My account was forcibly closed 5.5 hours after my initial withdrawal request and THIS is what it took to get what up to this point was THE STRAIGHTEST ANSWER THAT I HAVE EVER GOTTEN FROM PIRATE OVER THE PAST 7 MONTHS.

Did the price spike have me worried ? DAMN RIGHTS IT DID.

Could be, but then again there could have been a million reasons why his withdrawal was taking longer this time. In any event, it will be interesting to see what happens on Monday. The recent price spike definitely can't be good for Pirate.

Yes, this is one of the expected gimmicks, see for example the story of the Currin Trading EVE Online ponzi Vandroiy kindly posted.

What I'm wondering is if this is a new mode of operation for BTCST. Bitlane stated he had previously always been able to withdraw several thousand coins "immediately".

BTW: Calculating partial interest can be done on a pocket calculator in about ten seconds. (It's something only a ponzi could have trouble accomodating.)

He is probably closing it out on Monday because he doesn't want to do a partial interest payment. Just a guess though.

Is this normal operating procedure or something entirely new?

If so, uh oh, looks like you probably didn't get out in time.

(Were you at least given the option to forfeit interest, and receive your funds immediately?)

What a Madǝoff! Hopefully, I improved upon your idea.

~Bruno~

If you really are an authentic account and not simply a sock puppet or shill.....would you mind sharing HOW OLD YOUR PIRATE DIRECT ACCOUNT IS ?

Mine is was 210 Days old.

When heard from you, shill, this is a great compliment.

https://bitcointalksearch.org/user/rolotonybrowntown-50329 if anyone has any doubts.


@vbcof: indeed, if it not in your wallet you do not own it. Get used to it folks. It is the Bitcoin way.