sounds like a plan...
Topic: ITS A DUCK! (and other pirate & MNW memes). prizes awarded. - page 5. (Read 28474 times)
September 01, 2012, 03:25:40 AM
Warmly created by me.....
Thanks: 1BEw3Hj7xwCB1qv5CuU2CHM6i3Hcb92pyh
Thanks: 1BEw3Hj7xwCB1qv5CuU2CHM6i3Hcb92pyh
I'm pretty sure this sums up everyones reaction from originally investing in pirate; till now.
Winner for wednesday 8/29: goodlord666
1 BTC award has been sent from 1DUCK7StixdPxMCia8qgqQ6zoaGRdGRnqU to 18vNQ8wswcG7Y9Dw8w7f63jmjhBhHg76q5.
1 BTC award has been sent from 1DUCK7StixdPxMCia8qgqQ6zoaGRdGRnqU to 18vNQ8wswcG7Y9Dw8w7f63jmjhBhHg76q5.
Thank you very much. Was a pleasure!
Can't let you miss this one by kimmeriets:
Love it! Was wondering when someone would post a screenshot of that GLBSE chart.. submit this to my contest!
Love it! Was wondering when someone would post a screenshot of that GLBSE chart.. submit this to my contest!
Re-posting from other threads:
Also, you can see how hard it would be to unwind this.
Keep dreaming!
What's so great about GPUMax exactly? Other than inspiring your wet dreams..
It's the "unofficial" theory I could say. I can't say I know, since I'm only a small part of his business, I can only suppose.
But this theory is a great business model IMHO. If I had the resources and the customers, don't worry, I would not be losing my time on this forum trying to explain it.
But even so, it doesn't matter. If something is indistinguishable from a Ponzi, and most likely a Ponzi, you should treat it like a Ponzi. If you have a gun that looks like it's loaded, you should probably treat it like it's loaded.
Duck fallacy!
But yeah that is only 1 key part of what pirate was doing IMO.
No I do not have a copy of his books but I still do not think he is running a ponzi.
Even if he takes the money and runs I think he did it cuz he wanted the money not cuz ponzi...
No I do not have a copy of his books but I still do not think he is running a ponzi.
Even if he takes the money and runs I think he did it cuz he wanted the money not cuz ponzi...
Now what if he manipulated or stabilized the Gox price while making trades. Like Lower when buying and higher when selling...
No way he could make a profit here... Must be a ponzi...
No way he could make a profit here... Must be a ponzi...
..[snip]..
Pirate never really told me what he was doing but I felt I had a good grasp of what was going on. The dip in and out of two transactions could make 10% pretty easy (5% on both sides, sometimes much more than that) so 7% actually seemed fair.
There is a small bit more, but pretty much my understanding.Pirate never really told me what he was doing but I felt I had a good grasp of what was going on. The dip in and out of two transactions could make 10% pretty easy (5% on both sides, sometimes much more than that) so 7% actually seemed fair.
Also, you can see how hard it would be to unwind this.
Keep dreaming!
BTCST was a short-term business that had to end, but GPUMax is the real deal. It's a miner wet dream.
What's so great about GPUMax exactly? Other than inspiring your wet dreams..
...mmm...Brunic, do you actually know what pirate was doing to legitimately earn 7%/week, or do you just have a theory?
It's the "unofficial" theory I could say. I can't say I know, since I'm only a small part of his business, I can only suppose.
But this theory is a great business model IMHO. If I had the resources and the customers, don't worry, I would not be losing my time on this forum trying to explain it.
I think many here are so invested in the "ponzi proposition" that they're refusing to consider other possibilities.
...
Ponzi or not, there's no legal activity that I can think of that would allow paying such returns for any length of time.
We all did exactly what you just did. We considered it, and then rejected it as completely implausible....
Ponzi or not, there's no legal activity that I can think of that would allow paying such returns for any length of time.
But even so, it doesn't matter. If something is indistinguishable from a Ponzi, and most likely a Ponzi, you should treat it like a Ponzi. If you have a gun that looks like it's loaded, you should probably treat it like it's loaded.
Duck fallacy!
You are telling me you have no evidence it is a ponzi... If you have it, and posted it somewhere please just copy and paste it here or link it.
You guys are asking me to prove it is not a ponzi but I think it is about time you guys prove it is...
You guys are asking me to prove it is not a ponzi but I think it is about time you guys prove it is...
Winner for wednesday 8/29: goodlord666
1 BTC award has been sent from 1DUCK7StixdPxMCia8qgqQ6zoaGRdGRnqU to 18vNQ8wswcG7Y9Dw8w7f63jmjhBhHg76q5.
Runners-up:
1 BTC award has been sent from 1DUCK7StixdPxMCia8qgqQ6zoaGRdGRnqU to 18vNQ8wswcG7Y9Dw8w7f63jmjhBhHg76q5.
Runners-up:
YAR YAR YAR, The REAL Pirate of the year 2012 
..and listen this while watching pirates movement http://www.youtube.com/watch?v=ZqiBP7vpyX8
..and listen this while watching pirates movement http://www.youtube.com/watch?v=ZqiBP7vpyX8
Godfather Baby and Bad Luck Brian
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