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Topic: Pirate accomplices - page 13. (Read 30323 times)

sr. member
Activity: 275
Merit: 250
August 27, 2012, 12:49:58 PM
#70
Quote
Or don't be surprised when the exercise of free market response to unbalanced trade is the forcible removal of that offending hand with a rusty chain saw. While your wife watches. And your children are sold into white slavery to satisfy your debt to the scary men with weapons who also believe in free markets that you tried to cheat.


^^This is the real reason bitcoin will never become mainstream.  This internet-vigilante-stalker shtick does more harm to bitcoin's image than any obvious scam.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
August 27, 2012, 12:43:02 PM
#69
...snip...

I agree. If it turns out to be a Ponzi, the people who met him in real life and agreed to run passthrus etc should be looked at more closely.

No my friend, I don't believe you go far enough. Once this is finally determined to be a fraud, those who were his willing accomplices should be far more that "looked at more closely", they should be held accountable for their profiteering and their participation in whatever criminal enterprise was going on. That accountability should include full restitution to all victims of their participation in the fraud, immediate and permanent banning from all commercial activities in this community, and lengthy jail sentences, where they can enjoy being on the receiving end of a raping similar to the one they have all been giving to everyone else involved in this disaster from the word go.

Every shill, every mouthpiece, every pass-thru pimp, every die hard sockpuppet should be destroyed financially, forced into receivership to make good on every centime that they gained by taking part in the Rape of Bitcoin, beaten severely, lose all online access for life, be branded across the forehead with INTERNET SCAMMER, and forced to become the fucktoy of a diseased, angry, and horny White Supremacist convict in the hardest Federal Vacation spot available.

Because these, brothers and sisters, are the very rotten maggots eating away at the heart of this movement, stealing and defrauding for their own gain, and killing any chance this alt-currency will ever have to be accepted as a legitimate means of exchange by the world at large, and keep it the private playground of the bleeding edge technorati and the criminals who are learning to prey upon them.

Stake a few of them up on the border of the Internet pour encourager les autres, just as they did with a previous generation of pirates at the entrance to Port Royal.

+1

Not only do I love how you write, I admire the way you look out for the community.

sr. member
Activity: 336
Merit: 250
August 27, 2012, 12:42:41 PM
#68
The terms of the PPTs were very clear. The vigilante sentiment that has been floating around lately is just sickening (even considering the hyperbole).
sr. member
Activity: 574
Merit: 250
August 27, 2012, 12:36:30 PM
#67
...snip...

I agree. If it turns out to be a Ponzi, the people who met him in real life and agreed to run passthrus etc should be looked at more closely.

No my friend, I don't believe you go far enough. Once this is finally determined to be a fraud, those who were his willing accomplices should be far more that "looked at more closely", they should be held accountable for their profiteering and their participation in whatever criminal enterprise was going on. That accountability should include full restitution to all victims of their participation in the fraud, immediate and permanent banning from all commercial activities in this community, and lengthy jail sentences, where they can enjoy being on the receiving end of a raping similar to the one they have all been giving to everyone else involved in this disaster from the word go.

Every shill, every mouthpiece, every pass-thru pimp, every die hard sockpuppet should be destroyed financially, forced into receivership to make good on every centime that they gained by taking part in the Rape of Bitcoin, beaten severely, lose all online access for life, be branded across the forehead with INTERNET SCAMMER, and forced to become the fucktoy of a diseased, angry, and horny White Supremacist convict in the hardest Federal Vacation spot available.

Because these, brothers and sisters, are the very rotten maggots eating away at the heart of this movement, stealing and defrauding for their own gain, and killing any chance this alt-currency will ever have to be accepted as a legitimate means of exchange by the world at large, and keep it the private playground of the bleeding edge technorati and the criminals who are learning to prey upon them.

Stake a few of them up on the border of the Internet pour encourager les autres, just as they did with a previous generation of pirates at the entrance to Port Royal.

Just wanted to make sure you could not delete this post later. People should know how pro regulation you are and how anti free market you are.



Goatski! I'm stunned. When have you ever known me to retract a statement? Or (yuck, it just sounds wrong even writing it...) deleting a post to be politically correct? And please, for the sake of debatorial consistency, re-read my post. I said nothing that was anti free market or pro-regulation. If anything, I was pro LYNCH MOB. Pro-regulation typically does not include forced branding of the face, Nazi gang rape in prison, or the application of smiting the evil law to the finances of the accused. Free markets, of which I am a well armed, deep thinking and militant activist for, are not the protected playgrounds of the criminal, and those who call for the execution of or at the very least physical torture, and forced servitude of criminals who violate the mores of that market is not against the system, they are the advocates of that system bringing justice and consequence to those who would violate the market for unethical gain.

As an early adopter of the Pass Thru Bond, and a vocal advocate of the system... you have made considerable gain from your use of the "pirate system" whatever that system may be. That's great for you, and those that have profited with you. But if this whole "pirate system" turns out to be a scam writ large, as I and many others suspect it will be, you will not be on the side of the angels if you sit back and try to wrap yourself in a cloak of outrage about attitudes towards free markets. Free markets are not about a license to cheat, they are about removing artificial constructs to govern the behaviour of the means of exchange between seller and buyer of goods and/or services. If one side of that equation is cheating, they that side had best make good when they get caught with their hand in the cookie jar.

Or don't be surprised when the exercise of free market response to unbalanced trade is the forcible removal of that offending hand with a rusty chain saw. While your wife watches. And your children are sold into white slavery to satisfy your debt to the scary men with weapons who also believe in free markets that you tried to cheat.

Pass Thru does not isolate you from responsibility. Those who created the Pass Thru mechanism, and marketed it did so as the agents of the system, and will not have any place to hide when the note comes due. You are as responsible to those who entrusted funds to you to invest with pirate as pirate himself is, you chose to be a middleman and profit off the transaction. You now own the obligation. How are you going to make good on it is what you should be thinking about right now.
hero member
Activity: 812
Merit: 1001
-
August 27, 2012, 12:18:00 PM
#66
@ Vlad    At first when your mag called this a ponzi I was happy cuz I knew that when it was shown not to be a ponzi your mag would lose face. But then I realized the odds are much greater that your mag goes out of print way before Pirates bank closes up...


@ Raphy   Yes, I will insure Pirate funds (as stated in my insurance thread). The reason for the fee is not because of the ponzi risk but because of other risks. Real risks that no one seems to ever point out cuz they can't get over the ponzi theme. Also there is a fee because opportunity cost. If I use the BTC for insurance then I can't use it in other places.


The one thing that I have noticed is the more people yell herrp a derrp ponzi the more people invest after checking it out. You guys are helping this grow. No one with half a brain thinks it is a ponzi...

6 months from now you will be calling ponzi, 1 year from now you will be calling it a ponzi. We get it you think it is a ponzi move on unless you really have nothing better to do with your life.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
August 27, 2012, 12:16:48 PM
#65
I haven't seen anyone mention anywhere the possibility that Pirate himself is getting screwed by someone else. If he really was he was using the BTC to fund some sort of real world operation, it's possible someone else saw the chance to use him as a fall guy and a sucker in his in own right. They saw a way to get him to suck 5 million out of the bitcoin community while leading him along the whole time. It sounds like an excuse, but it's entirely possible.

Maybe he knows a Chinese relic collector named Chen.   Roll Eyes

You bastard! You stole my reply.

To paraphrase a line from Apocalypse Now: I love threads like this first thing in the morning.

~Bruno~
hero member
Activity: 518
Merit: 500
August 27, 2012, 12:16:26 PM
#64
Thanks, I googled your memory Smiley

Quote
The one thing that I have noticed is the more people yell herrp a derrp ponzi the more people invest after checking it out. You guys are helping this grow. No one with half a brain thinks it is a ponzi...

6 months from now you will be calling ponzi, 1 year from now you will be calling it a ponzi. We get it you think it is a ponzi move on unless you really have nothing better to do with your life.
https://bitcointalksearch.org/topic/bst-are-you-staying-or-leaving-91306

To his credit, he probably was right on the second paragraph Smiley
sr. member
Activity: 252
Merit: 250
August 27, 2012, 12:10:23 PM
#63
Im sure others will find more juicy ones, there must be a bazillion posts where you insult anyone questioning Pirate or BST, but these should be enough to make you crawl back under your rock.

Yah I remember the thread he said something to the tune "no one with half a brain thinks it's a ponzi", Someone replied "yes only people with a full functioning brain do". Can't find it now since goat post too much. He joined in on spamming "ponzi, ponzi, ponzi, mushroom, mushroom" mocking anyone that suggested it was a scam. Was really aggressive during July, him, Clipse, BurtW, imsaguy, aq are the ones that really got desperate. Sure there's more but those were the ones that really put the propaganda machine into full motion that I can remember. Now he's totally flipped position, his arguments in this thread are devoid of any logic and half of them are just ad hominem attacks, this guy is a world class sleaze ball.
hero member
Activity: 812
Merit: 1001
-
August 27, 2012, 11:54:06 AM
#62
Theymos, you have your opinion, I have mine. We can agree to disagree. This is a relatively minor point anyway.
sr. member
Activity: 462
Merit: 250
I heart thebaron
August 27, 2012, 11:52:38 AM
#61
The reason I believed it to NOT be a Ponzi was that I truly believed that he manipulated the market, but gradually lost his stranglehold on it once Bitcoinica disappeared and he lost the ability to trigger panic liquidity on 'the down swing' from inexperienced traders using that along with shitty BOTs.


In hindsight, the Ponzi may have very well been born when the above that I wrote took place and personal returns diminished, requiring new money to pay old.
hero member
Activity: 518
Merit: 500
August 27, 2012, 11:50:05 AM
#60

You lack the ability to read?

I can even quote, go figure:

Quote
Where can you show that Theymos or myself said we did not think it was a ponzi?

And stop hiding behind Theymos.


To answer your question; I cant be bothered to  search through all your drivel, so these quotes will have to do:
Yeah, i take about .2% of all I pass though (minus costs). people know what they are investing in and what they get back. But yeah I don't know what pirate is doing, but it really does not seem to me to be a ponzi.
https://bitcointalksearch.org/topic/putting-your-money-where-pirates-mouth-is-91661

Im sure others will find more juicy ones, there must be a bazillion posts where you insult anyone questioning Pirate or BST, but these should be enough to make you crawl back under your rock.
legendary
Activity: 1652
Merit: 1128
August 27, 2012, 11:49:22 AM
#59
administrator
Activity: 5222
Merit: 13032
August 27, 2012, 11:47:56 AM
#58
I've repeatedly said it was probably a Ponzi.



This looks exactly like a HYIP to me; I'd be pretty surprised if it turns out to be legitimate. I have purchased some PPT bonds, though. With the extra insurance, the odds of winning seems reasonable.

The "savings trust" is a Ponzi scheme. I'm not talking about "oh, but maybe the poor fella will default" or something on that level. Everything from the cheap building of trust, the friendly update messages and the time-scale of the thing is nothing but textbook fraudster routine. The funds are hardly flowing enough for good money laundering, there are cheaper means to do that anyway, and even if it were to work there's simply no reason to still pay out this sort of interest to lenders. Ever heard of "There Ain't No Such Thing As A Free Lunch"?

I completely agree. I'm not at all worried about BTCST's failure hurting the community, though. A lot of shady assets will fail and a few individuals will lose a lot of money, but I don't think there will be any long-term damage.

I do tend to think it's a Ponzi scheme, so I view it as a form of gambling. Hopefully no one else is gambling more than they can afford to lose.

This might not be completely accurate, but here's what I've seemed to find in this thread:


Ponzi:
nrd525
MarketNeutral
terrytibbs
Maged
theymos
JoelKatz
Matthew N. Wright
P4man
curious
Sukrim

Not a ponzi:
bitlane
ineededausername
PatrickHarnett
coin_toss
reeses
exahash
Otoh
psy
Tomatocage
sadpandatech

Neutral:
Meni Rosenfeld
jcpham
cytokine

Unknown (leaning towards not a ponzi):
hashking
BurtW
imsaguy
znort987
splatster
johnthedong
farfiman
miscreanity
ShadowAlexey
Chaang Noi (Goat) ช้างน้อย

Unknown (leaning towards ponzi):
pekv2


So, out of the people that had some kind of opinion, approximately 30.5% of posters here believe that it is a ponzi, 61.1% think it's not, and 8.3% are neutral.

Based on that thread, it seems all Theymos possibly needs to do is to apologize to the community for his short-sightedness and disgorge ill-gotten profits, perhaps by making a donation to a worthwhile cause.

No way. All BS&T investors should have known the risks before investing. A 7% weekly interest rate is obviously incredibly risky, even if the interest is generated legitimately. I gambled and, though I was prepared to lose it all, I was lucky enough to win. Others who were not so lucky have no right to complain to me.
sr. member
Activity: 462
Merit: 250
I heart thebaron
August 27, 2012, 11:46:39 AM
#57
I wish you guys would SSSsshhhhhh.......or we will never get paid  Roll Eyes

I love you Pirate ! Please send money for Granny's hip replacement soon.

Love Always,
Your Dear Friend,
bitlane.
hero member
Activity: 518
Merit: 500
August 27, 2012, 11:43:50 AM
#56
Based on that thread, it seems all Theymos possibly needs to do is to apologize to the community for his short-sightedness and disgorge ill-gotten profits,

Perhaps he did bitcoin a favour by making this blow up faster. Either way, Theymos clearly stated he assumed it to be a ponzi, and most importantly, he gambled with his own money.
sr. member
Activity: 476
Merit: 250
Keep it Simple. Every Bit Matters.
August 27, 2012, 11:41:11 AM
#55
Those who did the pass-thru-bonds;

I'm not defending them, in fact with hindsight I'm sure even themselves think what they did was pretty bad decision. One could say stupid.
Hindsight is like that though, it's not kind to you when you did something that _could_ really turn around and bit you in the ass.
Pirate himself should of done these kind of bonds on GLBSE, got to ask why he did not. They got used.

They got caught with their hands in the cookie jar, but the problem is it had a false bottom, pirate's already taken the cookies.
They are the ones left behind trying to explain they didn't steal the cookies.

Best to calm down, for those who lost big, do your best to make a legal case against pirate, their seems to be enough info floating around about him now.
hero member
Activity: 812
Merit: 1001
-
August 27, 2012, 11:35:49 AM
#54
Quote
Where can you show that Theymos or myself said we did not think it was a ponzi?

And stop hiding behind Theymos.

Based on that thread, it seems all Theymos possibly needs to do is to apologize to the community for his short-sightedness and disgorge ill-gotten profits, perhaps by making a donation to a worthwhile cause.

While all the shills likely shall face criminal investigation or worse and face the consequences of their actions.
hero member
Activity: 518
Merit: 500
August 27, 2012, 11:29:30 AM
#53

You lack the ability to read?

I can even quote, go figure:

Quote
Where can you show that Theymos or myself said we did not think it was a ponzi?

And stop hiding behind Theymos.


hero member
Activity: 518
Merit: 500
August 27, 2012, 11:23:23 AM
#52
Where can you show that Theymos or myself said we did not think it was a ponzi? You fail man....

Am i reading this right? SO now you say you knew it was a ponzi all along? Woha, some people are going to have a field day digging up quotes from you Im sure.

Quote
Theymos claims he made 50  BTC from this...  Why does p4man hate the free market? Is he jelly of what Theymos made?

p4man? What are you doing again? If you are trying to stop people like Theymos from gambling with pirate you need a time machine... Crying wont help:(

No Goat, In fact I did exactly what Theymos did. But there is a difference between saying something is almost certainly a ponzi yet gambling some of  your own money on being able to extract your coins in time, as compared to what  you did. IF nothing else, one is a criminal offence in most places, the other isnt.




sr. member
Activity: 574
Merit: 250
August 27, 2012, 11:13:08 AM
#51
...snip...

I agree. If it turns out to be a Ponzi, the people who met him in real life and agreed to run passthrus etc should be looked at more closely.

No my friend, I don't believe you go far enough. Once this is finally determined to be a fraud, those who were his willing accomplices should be far more that "looked at more closely", they should be held accountable for their profiteering and their participation in whatever criminal enterprise was going on. That accountability should include full restitution to all victims of their participation in the fraud, immediate and permanent banning from all commercial activities in this community, and lengthy jail sentences, where they can enjoy being on the receiving end of a raping similar to the one they have all been giving to everyone else involved in this disaster from the word go.

Every shill, every mouthpiece, every pass-thru pimp, every die hard sockpuppet should be destroyed financially, forced into receivership to make good on every centime that they gained by taking part in the Rape of Bitcoin, beaten severely, lose all online access for life, be branded across the forehead with INTERNET SCAMMER, and forced to become the fucktoy of a diseased, angry, and horny White Supremacist convict in the hardest Federal Vacation spot available.

Because these, brothers and sisters, are the very rotten maggots eating away at the heart of this movement, stealing and defrauding for their own gain, and killing any chance this alt-currency will ever have to be accepted as a legitimate means of exchange by the world at large, and keep it the private playground of the bleeding edge technorati and the criminals who are learning to prey upon them.

Stake a few of them up on the border of the Internet pour encourager les autres, just as they did with a previous generation of pirates at the entrance to Port Royal.
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