Topic: centralized post of pirate payouts-It is over. Pirate@scammer admits default - page 11. (Read 80055 times)

Personally, in the overall scheme of things, I think everyone involved deserves to be punished. The investors got their lessons already, by losing most of their money. If they now want to bring some retribution on pirate and whoever else he may have been involved with, who are we who had nothing to do with this to stop them? And why do you care what happens to him or his family? I say let them find everything on everyone, and let us sit back and see what happens.

I suggest investing in a dodgy bitcoin scheme be forever known as "Planking" as in walking the plank  

"Dude, my bitcoin investment is totally planking"

Alright, that's a fair point. However, it was obvious even to me - and I consider myself relatively ignorant of trading, investments, finances, and related topics - that this was a Ponzi. What else could it have been with those kinds of returns?!  The only explanation of investors not asking this question before investing, and while getting their payments, is that they knew all along. This means they didn't mind that their extra money was coming from later adopters who were going to get screwed with even higher probability. The only alternative theory would be that it was a plot to crash the market and return devalued coins with the interest - and no sane person would knowingly invest to lose.

I would never willfully lend money to anyone without them disclosing what their business plan was, who they are, and without checking their references. I am surprised that so many people here - who sound much more versed in these issues - think and do differently, then utter threats here as if they were mugged at a knife point.

I don't get it. How can grownups sit on their asses watching their investment mysteriously grow at cancer rates without asking themselves where it's coming from, and at what expense?

Having said all this, perhaps investors did hope they were participating in a Ponzi, but Pirate was playing the more legitimate market-crash game, and even though he failed, he might distribute back whatever is left. We'll know soon, one way or another.

Peace, love and look out for yourself in the meantime.

It's funny that the real world developed bankruptcy protection...which would have helped pirate through all this if he wasn't actually running a ponzi and just legitimately sucked at business. Now he's in the warm embrace of mob justice whether he was running a ponzi or not.

What red flags were there that the payouts were coming from scamming others, child labour or extortion? Many people accused pirate of nefarious activities time and time again, and each were shot down very quickly.

WTF!  (Why The Face)

I actually don't think this is entirely fair. Pirate did make a point of saying that he wasn't doing anything illegal or unsavory. So his "investors" had as much reason to think that he wasn't acting illegally as they did to think that he would pay them back. In other words, if you think they genuinely believed he would pay them back (and, if not, why would they lend him money) it seems reasonable to think they genuinely believed that he wasn't do anything illegal.

Of course, this doesn't apply to those people who knew (or were willfully blind to the near certainty) that Pirate was running a Ponzi scheme and intentionally tried to induce others to invest to maintain their own cash flow. Those people are rat bastards to the core.

Has anyone been out to his place yet ?

I thought it was:

Quit Fucking Talking (QFT)

I can't help but notice that supposed "victims" never raised questions about the legitimacy of the scheme until the payments stop coming in. Despite all the red flags. In other words, they didn't give rat's ass if their payouts were coming from scamming others, child labor, extortion. I understand "victims" feel bitter and angry, but I really cannot feel sympathy, no matter how much I try. I can only hope they learned a lesson. Not about trust, investments, ponzis, but about themselves.

The phrase you're looking for here is "Quoted for truth".

lol

Quite Fucking True (QFT) does not equate to Shut The Fuck Up (STFU)........

You may want to rethink that zinger of a response.

No U.

For the record, I have around 10BTC invested in pirate(pulled majority out when rates dropped), but I want to see him pay back every cent/satoshi.

He has postured and brayed and called names and refused to be open or helpful about this, even going so far as to "banish" people to the back of the line for daring to ask for their BTC back.

You folks crying foul because his family is about to get dragged into this are not in touch with reality.

In the real world, if someone steals from you, you put pressure on them in a variety of ways to bring about repayment.

Like it or not, this cat has brought all of this on himself with his refusal to play nice.

It DOESN'T MATTER if people were stupid enough to invest with him, or too stupid to see the impending doom.

pirate is taking money out of people's hands which they want/need to support THEIR families!

HE is the crook, not them, and if he cares about HIS family, he will do the right thing.


All you whining pussies crying how it's not fair that his family is getting dragged into this need to sit down and shut up.

It's also not fair to be stolen from.

QFT

Perhaps ddos or hacked? or perhaps his son operated his dad's website for him.  You can't just assume.

Exactly what pirate should think about before deciding on his course of action. Or if his plan was perfect and left no bread crumbs, he has nothing to worry about.

I don't visit those pink forums as I have no desire to see goatse multiple times a day.