where did you get that? i hope its not yours.
hehe, isn't that a frame from the 'Smack My Bitch Up' video by The Prodigy? kidding ofc, thought it does look like the shower. ;p I actually had to go watch it real quick to make sure it wasn't it...
Topic: HASHKING'S PPT ACCOUNTS IMPORTANT NOTICE (PLEASE DON'T DISREGARD) (Read 7197 times)
September 02, 2012, 09:58:47 PM
where did you get that? i hope its not yours.
hehe, isn't that a frame from the 'Smack My Bitch Up' video by The Prodigy? kidding ofc, thought it does look like the shower. ;p I actually had to go watch it real quick to make sure it wasn't it...
September 02, 2012, 09:57:00 PM
It's probably the FBI logging into his account after he stupidly gave him all the info and he's in custody.
You know, this is one of the reasons why I want to talk with pirate's lawyer directly (assuming he has one). You can tell my immediate suspicions from the log.
I think pirate is either stalling or has something to hide. Either way it is not good.
Given the amount of press coverage this story has had I suppose it's possible he's in big trouble.
That wouldn't explain him being such a dick over payouts though, and it certainly wouldn't explain the continued operation of GPUMax, since LEO's are almost certainly going to see that as a laundering operation.
Honeypot
September 02, 2012, 09:52:47 PM
where did you get that? i hope its not yours.
September 02, 2012, 09:48:41 PM
Hey Hasking,
Have we heard anything back from Pirate after submitting the required info?
Have we heard anything back from Pirate after submitting the required info?
I have not received a response from Pirate yet. I sit here patiently like everyone else.
Thanks for the reply and I'm sorry to hear that, m8.
September 02, 2012, 09:48:16 PM
It's probably the FBI logging into his account after he stupidly gave him all the info and he's in custody.
You know, this is one of the reasons why I want to talk with pirate's lawyer directly (assuming he has one). You can tell my immediate suspicions from the log.
I think pirate is either stalling or has something to hide. Either way it is not good.
Given the amount of press coverage this story has had I suppose it's possible he's in big trouble.
That wouldn't explain him being such a dick over payouts though, and it certainly wouldn't explain the continued operation of GPUMax, since LEO's are almost certainly going to see that as a laundering operation.
September 02, 2012, 09:45:24 PM
Hey Hasking,
Have we heard anything back from Pirate after submitting the required info?
Have we heard anything back from Pirate after submitting the required info?
I have not received a response from Pirate yet. I sit here patiently like everyone else.
September 02, 2012, 09:44:09 PM
Wow. So, NO response to the little stab in the back ? or call it the 'shot' you decided to take at me, to try and please pirateat40 ?
I see that you were online about 2.5 hours ago and find it ODD that you wouldn't check out this thread.
-----------------------------------------------------------------------------------------------------
here's the reference again, just in case: (can also be found on the previous page of this thread)
Hey hashking, throughout all of this, I nearly forgot to ask you about the following:
You wouldn't be trying to suck up to Pirate at my expense, would you ?
Would this have something to do with the securing of a certain portion of 'Insurance' money currently invested with Pirate, that shouldn't be ?
As you can see now, he did a GREAT job roasting Vandroiy. How is your payout coming since you submitted your user info ?
I see that you were online about 2.5 hours ago and find it ODD that you wouldn't check out this thread.
-----------------------------------------------------------------------------------------------------
here's the reference again, just in case: (can also be found on the previous page of this thread)
Hey hashking, throughout all of this, I nearly forgot to ask you about the following:
Quote
[22:55] Pirate, what are you plans for your friend BITLANE
.
[22:56] Thanks. Pirate will payout. Don't worry.
.
[22:56] <@pirateat40> hashking, i'm going to roast him a bit more well done than Vandroiy.
.
[22:56] Nice.
.
[22:56]
.
[22:56] <@pirateat40> hashking, i'm going to roast him a bit more well done than Vandroiy.
.
[22:56]
You wouldn't be trying to suck up to Pirate at my expense, would you ?
Would this have something to do with the securing of a certain portion of 'Insurance' money currently invested with Pirate, that shouldn't be ?
As you can see now, he did a GREAT job roasting Vandroiy. How is your payout coming since you submitted your user info ?
Bitlane I actually do have a life outside of bitcoin and don't sit at my computer 24 hours a day. Now to your question, I was asking Pirate that question because I heard he was moving you to the back of the line for payments and wanted to see what his response was.
September 02, 2012, 08:22:21 PM
It's probably the FBI logging into his account after he stupidly gave him all the info and he's in custody.
I do wonder how many people are going to get partyvanned over this.
September 02, 2012, 03:57:58 PM
It's probably the FBI logging into his account after he stupidly gave him all the info and he's in custody.
September 02, 2012, 03:09:18 PM
Hey Hasking,
Have we heard anything back from Pirate after submitting the required info?
Have we heard anything back from Pirate after submitting the required info?
September 02, 2012, 02:47:26 PM
Wow. So, NO response to the little stab in the back ? or call it the 'shot' you decided to take at me, to try and please pirateat40 ?
I see that you were online about 2.5 hours ago and find it ODD that you wouldn't check out this thread.
-----------------------------------------------------------------------------------------------------
here's the reference again, just in case: (can also be found on the previous page of this thread)
Hey hashking, throughout all of this, I nearly forgot to ask you about the following:
You wouldn't be trying to suck up to Pirate at my expense, would you ?
Would this have something to do with the securing of a certain portion of 'Insurance' money currently invested with Pirate, that shouldn't be ?
As you can see now, he did a GREAT job roasting Vandroiy. How is your payout coming since you submitted your user info ?
I see that you were online about 2.5 hours ago and find it ODD that you wouldn't check out this thread.
-----------------------------------------------------------------------------------------------------
here's the reference again, just in case: (can also be found on the previous page of this thread)
Hey hashking, throughout all of this, I nearly forgot to ask you about the following:
Quote
[22:55] Pirate, what are you plans for your friend BITLANE
.
[22:56] Thanks. Pirate will payout. Don't worry.
.
[22:56] <@pirateat40> hashking, i'm going to roast him a bit more well done than Vandroiy.
.
[22:56] Nice.
.
[22:56]
.
[22:56] <@pirateat40> hashking, i'm going to roast him a bit more well done than Vandroiy.
.
[22:56]
You wouldn't be trying to suck up to Pirate at my expense, would you ?
Would this have something to do with the securing of a certain portion of 'Insurance' money currently invested with Pirate, that shouldn't be ?
As you can see now, he did a GREAT job roasting Vandroiy. How is your payout coming since you submitted your user info ?
September 01, 2012, 08:13:47 PM
Hey hashking, throughout all of this, I nearly forgot to ask you about the following:
You wouldn't be trying to suck up to Pirate at my expense, would you ?
Would this have something to do with the securing of a certain portion of 'Insurance' money currently invested with Pirate, that shouldn't be ?
As you can see now, he did a GREAT job roasting Vandroiy. How is your payout coming since you submitted your user info ?
Quote
[22:55] Pirate, what are you plans for your friend BITLANE
.
[22:56] Thanks. Pirate will payout. Don't worry.
.
[22:56] <@pirateat40> hashking, i'm going to roast him a bit more well done than Vandroiy.
.
[22:56] Nice.
.
[22:56]
.
[22:56] <@pirateat40> hashking, i'm going to roast him a bit more well done than Vandroiy.
.
[22:56]
You wouldn't be trying to suck up to Pirate at my expense, would you ?
Would this have something to do with the securing of a certain portion of 'Insurance' money currently invested with Pirate, that shouldn't be ?
As you can see now, he did a GREAT job roasting Vandroiy. How is your payout coming since you submitted your user info ?
September 01, 2012, 06:21:36 PM
if the price of Bitcoin drops to $1 in four months and he pays people back the number of Bitcoins owed, does that count as him paying back?
it absolutely would count.
'investing' in bitcoin savings and trust never at any time had anything to do any currency other than BTC.
exchange rates with alternate currencies are a totally unrelated issue.
September 01, 2012, 06:14:11 PM
So your reply to me has taken you longer than you have given us to provide you with this information.
Please reply to my questions at your convenience.
Please reply to my questions at your convenience.
September 01, 2012, 03:03:37 AM
I'm not saying I think that's what happened. I'm saying though that there are any number of possible middle positions.
Lately I've been thinking that if this wasn't merely an arbitrage play that it is possible he thought that, given enough coin, he could purchase for his benefactors (this "don't ask, don't tell" group) at a very low price (~$2.00) then sell at a higher price (~$8.00), and make up for the difference by providing the people he borrowed from some of the "extra" sold coin.
The problem is that the people that purchased from him wanted a lower base price for their bulk coin purchase than he was able to provide, so he ultimately ran into problems as the price continued to increase.
Of course this theory would require we ignore any Silk Road ties, any money laundering ties, and focus exclusively on Pirate actually having some sort of hedging experience. I'm not saying that he doesn't possess such skills, but he obviously didn't have enough of them to have made money off of the endeavor.
August 31, 2012, 08:35:09 PM
The point is that you either think
A) Pirate is an upstanding member of the community who is experiencing cash-flow problems but will do his utmost to pay everyone back
or
B) you think that he ran a ponzi scheme and that he will pay you back as little as possible
It's either A) or B) ; There's no grey in between where he is a bit honest and a bit ponzi
I don't think so. For example, here's a middle position:A) Pirate is an upstanding member of the community who is experiencing cash-flow problems but will do his utmost to pay everyone back
or
B) you think that he ran a ponzi scheme and that he will pay you back as little as possible
It's either A) or B) ; There's no grey in between where he is a bit honest and a bit ponzi
C) Pirate honestly, but stupidly, believed that if he acquired enough BTC, he could make huge profits by manipulating the market. Or, failing that, the value of Bitcoins would drop to zero before he collapsed because he believed Bitcoin was doomed to fail. He operated as a Ponzi scheme to build sufficient funds fully expecting to make enough profits before he had significant withdrawals. He was never able to make a profit manipulating the market but just figured he didn't quite have enough funds yet. Then, he got hit with a large number of withdrawals at once and realized that if he made all those withdrawals, he'd never be able to be profitable. He still has a pile of money, though not enough to cover all withdrawals, and is not sure what to do with it. Maybe he thinks he can settle with many people for pennies on the dollar and is acquiring his own debt at low cost and hopes that some day soon he can make 100% payouts to everyone who still holds his debt.
I'm not saying I think that's what happened. I'm saying though that there are any number of possible middle positions.
August 31, 2012, 08:32:08 PM
Great, then I suggest you take a look at my wager offer in which I am accepting Escrowed MtGox USD bets. I used Gar (Cognitive Operator) as my first escrow with PGP signed contract. Since you believe the odds are around 1% I would think you would be interested in making a wager with 7:2 odds. If not you are just blowing smoke
If I had money I could afford to lose, I'd definitely take your bet. I haven't looked at the terms of your bet or the trustworthiness of your agent, but if the terms are as you describe and the agent is trustworthy, I would advise people to take your bet. (After investigating the issued I described about Matthew's bet such as precisely what the conditions of the bet are.) August 31, 2012, 06:21:03 PM
I've noticed your firm assertions that pirate is a ponzi on almost every forum thread.
I am 99.99% convinced Pirate was operating a Ponzi scheme. That is, at least most of the time, interest payments on older deposits were made from newer deposits rather than any actual investment proceeds.Quote
How sure are you that he won't pay out principal + interest due through closing announcement?
I guess that depends on how generously you want to construe the terms. For example, if the price of Bitcoin drops to $1 in four months and he pays people back the number of Bitcoins owed, does that count as him paying back? If he claims that he has to have copies of driver's licenses to pay back money and the vast majority of his investors are unwilling to do that, and he pays back everyone who submits the precise documentation he demands, does that count as him paying back? If people agree to a 10% payback because that's all it seems like they are likely to get, does that count?By fair and reasonable criteria, I would put the odds of him paying back at around 1%. The criteria are roughly that his investors don't suffer losses that are significant relative to the amount they invested. The odds that everyone who paid Pirate bitcoins will get at least those bitcoins they deposited back are very, very low.
Great, then I suggest you take a look at my wager offer in which I am accepting Escrowed MtGox USD bets. I used Gar (Cognitive Operator) as my first escrow with PGP signed contract. Since you believe the odds are around 1% I would think you would be interested in making a wager with 7:2 odds. If not you are just blowing smoke
August 31, 2012, 05:21:25 PM
For example, if the price of Bitcoin drops to $1 in four months and he pays people back the number of Bitcoins owed, does that count as him paying back?
300 BTC owed is 300 BTC owed.... No matter what the fiat exchange rate...
I thought people wanted BitCoin to succeed as an alternative to fiat not just as another exchange-rate gambling mechanism... I am sadly mistaken...
I think you missed his point.
The point is that you either think
A) Pirate is an upstanding member of the community who is experiencing cash-flow problems but will do his utmost to pay everyone back
or
B) you think that he ran a ponzi scheme and that he will pay you back as little as possible
If A) then you have nothing to worry about, sit back and relax
If B) then everyone must try to maximize their return.... You have to be happy with anything you get back... if that takes giving him some info for whatever strange reason then do so, if you don't feel comfortable, then don't.... It's a ponzi so you don't have any expectations or rights to get your money back... Holding out on giving him any info he requests is not putting the pressure on him.... he will be long gone or lawyered up....
As I have posted before... he would be a pretty stupid ponzi scheme operator if he hadn't planned out his exit long ago
It's either A) or B) ; There's no grey in between where he is a bit honest and a bit ponzi
Or (C) In limbo (by taking the majority of major and senior voices of this forums advice) and in dire straits.
August 31, 2012, 05:17:25 PM
For example, if the price of Bitcoin drops to $1 in four months and he pays people back the number of Bitcoins owed, does that count as him paying back?
300 BTC owed is 300 BTC owed.... No matter what the fiat exchange rate...
I thought people wanted BitCoin to succeed as an alternative to fiat not just as another exchange-rate gambling mechanism... I am sadly mistaken...
I think you missed his point.
The point is that you either think
A) Pirate is an upstanding member of the community who is experiencing cash-flow problems but will do his utmost to pay everyone back
or
B) you think that he ran a ponzi scheme and that he will pay you back as little as possible
If A) then you have nothing to worry about, sit back and relax
If B) then everyone must try to maximize their return.... You have to be happy with anything you get back... if that takes giving him some info for whatever strange reason then do so, if you don't feel comfortable, then don't.... It's a ponzi so you don't have any expectations or rights to get your money back... Holding out on giving him any info he requests is not putting the pressure on him.... he will be long gone or lawyered up....
As I have posted before... he would be a pretty stupid ponzi scheme operator if he hadn't planned out his exit long ago
It's either A) or B) ; There's no grey in between where he is a bit honest and a bit ponzi
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