Topic: Pirate accomplices - page 6. (Read 30345 times)

The pro ponzi team has shown no evidence to support their claim. Why would I trust your word?

You sound like a sore loser :/  

But as I said before I do not think pirate is running a ponzi so most of these loaded questions are N.A.

There hasnt always been lots of exchanges to choose from. No that long ago we had to do the majority of bitcoin trades OTC simply because the infrastructure didnt exist. Pirate just discovered how to get a lot of liquidity doing that I imagine.

3. Goat shouldn't be the only scapegoat. Add here the others, everyone who gave coins to Pirate to support his scam should be blamed.


PPS: I repeat for everyone - blame everyone who gave coins to Pirate, especially if they got profit with it.

You talked about OTC trading with 5% margins on both sides, and then some whales came in.  Please don't assume I'm Micon--I read these threads.

What did D&T get wrong?

You talked about OTC trading with 5% margins on both sides, and then some whales came in.  Please don't assume I'm Micon--I read these threads.

What did D&T get wrong?

Scroll back a few pages where someone asked me the same question and I replied.

OK, so what is it? I'm honestly curious about what wrinkle turns the madness D&T describes into a totally winning business plan. What's to lose? Pirate's shutting down anyway, and even though many continue to deny it was ever a Ponzi scheme, you know that hope is fading every day.

You're already missing it.

Their opinion had already been expressed.

If you invested in Pirate, you probably deserve some blame. If you encouraged others to invest in Pirate, you probably deserve some blame. If you lied a "white lie" to help people invest in something you thought would really help them but should have known was a Ponzi scheme, you deserve some blame. Etcetera.

Here's a post I made a bit ago:
When I first joined #bitcoin-otc, I did a crapton of trading.  I did a bunch of moneypaks to btc and back.  Basically, playing market maker for whomever needed to move.  Pirate joined around the same time as me, a few days earlier if I'm not mistaken.  He was doing much the same thing.  As a result, it was inevitable for us to end up trading.  At various times, we each would come up with some big fish (or so it seemed at the time) and would help each other out with sourcing coins or finding coins good homes.  All of these trades were always online, with random people that would join #bitcoin-otc.  Eventually, pirate had some 'IRL' customers and it seemed they were larger than your typical moneypak transactions.  Eventually, I got into mining rather than trading because of a few bad moneypaks that someone screwed me with.  It seemed safer and less time intensive.  Meanwhile, pirate seemed to be branching out his trading and there were times where he needed to borrow coins.  When trading, you'd tried to line up the incoming with the outgoing to minimize exchange risk and maximize profit, but then sometimes things go weird with one side or whatever and a person would end up needing to borrow.  It happened to me at times in the past so I didn't think anything of it to loan out.  Time went on, the lending became more regular and one thing leads to another and we end up here.  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.

I have never tried to stop anyone from expressing their opinion.

We get it you think it is a ponzi move on unless you really have nothing better to do with your life.

Seems to me ppl r trying to find a scapegoat and Goat just has an appropriate name. Everyone who gave money to Pirate ought to blame only himself.

Goat, you are wiggling too much. Simply answer these simple question honestly if you capable of that.

- have you  managed a proxy for an opaque investment that has exhibited all the classical signs of a ponzi scheme?
- have you profited or expected to profit from prolongation and proliferation of a ponzi scheme?
- have you  owed a duty of care and fiduciary duty to anyone who gave you money?
- have you provided adequate risk disclosures?
- have you implied at any time that pirate is not operating a ponzi scheme?
- have you implied at any time that you know some magical/secret biz model behind pirate operation?
- have you implied at any time that you know true identity of pirate?
- have you promoted investment into and lent credibity (or false credibility) to a ponzi scheme in any way?
- have you tried to silence, spam, mock, attack those who publicly warned about the risks of investing into such schemes?
- ought you to know better?
- what is you your real name and address for service of legal papers?

These are simple questions. Answer them if you dare.

Let us assume that I did know it was a ponzi, why would I go there and then post my photo on the internet?

To help sell my insured bonds? The ones I lost significant BTC on?

"Stop hiding behind Theymos. Theymos never claimed that he understood the business model and it is definitely not a ponzi. Quite the opposite. Theymos did not attack anyone on the forums who dared warn others that it might be a ponzi. You on the other hand have a well established track record. "



Theymos very much claimed to understand the business model and he concluded it was a ponzi operation. He then asked for people to list uninsured ppt's on GLBSE a company he partly owns.

I am not attacking people like Theymos who think BTCST is a ponzi. Everyone should be able to do whatever they want with their money. I do not find fault with Theymos for wanting uninsured PPTs listed on GLBSE.

However to call me an "accomplice" and him not, well it is very silly.

This thread is about who to blame for a "scam".