I just considered the possibility that....

Lumpy

full member

Activity: 237

Merit: 100

Quote from: vokain on July 05, 2012, 08:29:41 AM

I just considered the possibility that PPTs could just skip Pirate and do the same, I mean who's to know?

How can we know? Does Pirate have a list of verified lenders? Seems like any schmuck can just start a PPT. Discuss.

I've thought about this too. In fact, a perfect way to "short" Pirate would be to establish one of these uninsured PPT bonds. Instead of sending the BTC to pirate, keep it in your own wallet and pay out the 6.whatever%. If pirate goes bust, apologize to everyone that their money was lost (after all, it was uninsured...) and keep the balance. If pirate continues longer than you can... well... that's the problem.

flower1024

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Activity: 1428

Merit: 1000

Quote from: Sukrim on July 05, 2012, 11:09:39 AM

Quote from: flower1024 on July 05, 2012, 10:23:23 AM

Quote from: Brunic on July 05, 2012, 10:21:18 AM

Quote from: vokain on July 05, 2012, 10:19:06 AM

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

Just check on the blockchain where the money goes.

does not work with glbse

Actually it does - pirate seems not to use custom patches to keep his coins seperated, so it's not that hard to link at least large parts of his addresses together. With GLBSE it is the same, then you just need to check when how much money from some GLBSE address flows to some of pirate's addresses.

thanks!

Sukrim

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Activity: 2618

Merit: 1007

Quote from: flower1024 on July 05, 2012, 10:23:23 AM

Quote from: Brunic on July 05, 2012, 10:21:18 AM

Quote from: vokain on July 05, 2012, 10:19:06 AM

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

Just check on the blockchain where the money goes.

does not work with glbse

Actually it does - pirate seems not to use custom patches to keep his coins seperated, so it's not that hard to link at least large parts of his addresses together. With GLBSE it is the same, then you just need to check when how much money from some GLBSE address flows to some of pirate's addresses.

vokain

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Merit: 1019

so does everyone that's in the way of them falling Undecided

R-

full member

Activity: 238

Merit: 100

Pasta

Quote from: Ben Walsh (beamer) on July 05, 2012, 10:26:07 AM

I wouldn't touch a PPT based asset without a corroborated link to a user of the forums with a very good reputation.

There are far too many charlatans around.

They're all going down anyways. The way I picture it: If the ponzi mothership explodes, so do the little ponzi ships.

Ben Walsh (beamer)

sr. member

Activity: 343

Merit: 250

I wouldn't touch a PPT based asset without a corroborated link to a user of the forums with a very good reputation.

There are far too many charlatans around.

flower1024

legendary

Activity: 1428

Merit: 1000

Quote from: Brunic on July 05, 2012, 10:21:18 AM

Quote from: vokain on July 05, 2012, 10:19:06 AM

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

Just check on the blockchain where the money goes.

does not work with glbse

Brunic

hero member

Activity: 632

Merit: 500

Quote from: vokain on July 05, 2012, 10:19:06 AM

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

Just check on the blockchain where the money goes.

vokain

legendary

Activity: 1834

Merit: 1019

I'm not talking about PPT.A-E, but the countless other pass throughs that have popped up. I mean, even if Pirate wasn't a ponzi, any of the new ones could be

Ben Walsh (beamer)

sr. member

Activity: 343

Merit: 250

Why do you think the PPT.A ... PPT.E asset contract have the following ...

"These bonds will be partially insured and backed by a cartel of some of the most reputable and well known BTC lenders in the lending forums: BurtW, PatrickHarnett, dollartrader, hashking, imsaguy and ineededausername."

In this example, there are a bunch of posts to corroborate the statement in the contracts.

vokain

legendary

Activity: 1834

Merit: 1019

I just considered the possibility that PPTs could just skip Pirate and do the same, I mean who's to know?

How can we know? Does Pirate have a list of verified lenders? Seems like any schmuck can just start a PPT. Discuss.

Topic: I just considered the possibility that.... (Read 1433 times)