pirate payments list -- accounts paid: 23/459 - page 17.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: matthewh3 on September 04, 2012, 05:30:10 PM

Quote from: DeathAndTaxes on September 04, 2012, 05:27:24 PM

Correct.

It is the difference between offering a security/asset/investment/ponzi and promoting it.

All the promoters were lying. The "knew" Pirate could make this, they had insider "info" on that. They were willing to call those even bringing up the chance it was a ponzi every insult possible. They hyped it up, made jokes about how much the "team ponzi" was losing in profits. They staked their reps on Pirate being legit.

Pirate didn't need to give them a cut. The entire PPT system was there cut. None of them passed through 100% of the interest from Pirate. Take a PPT which paid out 4.85% on 40,000 shares. Pirate pays 7% on 40K BTC the PPT pays out 4.85%. The difference is 860 BTC per week. They had a direct profit motive to bring in as many suckers as possible.

They both promoted and profited off a ponzi through the use of deception, misleading statemented, and outright lies.

OMG something we agree on Shocked

Yes brand them all Angry

Tho people like HashKing I never saw him once promote it as a sound investment he just offered a PPT and made the risk obvious from his other deposits.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: DeathAndTaxes on September 04, 2012, 05:27:24 PM

Correct.

It is the difference between offering a security/asset/investment/ponzi and promoting it.

All the promoters were lying. The "knew" Pirate could make this, they had insider "info" on that. They were willing to call those even bringing up the chance it was a ponzi every insult possible. They hyped it up, made jokes about how much the "team ponzi" was losing in profits. They staked their reps on Pirate being legit.

Pirate didn't need to give them a cut. The entire PPT system was there cut. None of them passed through 100% of the interest from Pirate. Take a PPT which paid out 4.85% on 40,000 shares. Pirate pays 7% on 40K BTC the PPT pays out 4.85%. The difference is 860 BTC per week. They had a direct profit motive to bring in as many suckers as possible.

They both promoted and profited off a ponzi through the use of deception, misleading statemented, and outright lies.

OMG something we agree on Shocked

Yes brand them all Angry

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote

These senior voices on the forum said they understood Pirates business and it was a sound investment. GLBSE would never do that. Senior forum voices who supported and praised Pirate and definitely those that did that to profit should go down with Pirate if he doesn't pay. They all flew out to meet him and claimed they understood the secrete sauce and it was legit "So give me your money while I burn it to profit".

It is the difference between offering a security/asset/investment/ponzi and promoting it.

All the promoters were lying. The "knew" Pirate could make this, they had insider "info" on that. They were willing to call those even bringing up the chance it was a ponzi every insult possible. They hyped it up, made jokes about how much the "team ponzi" was losing in profits, mocked people who couldn't "figure it out". They staked their reps on Pirate being legit.

Pirate didn't need to give them some secret cut. The entire PPT system was the cut. None of them passed through 100% of the interest from Pirate. Take a PPT which paid out 5% on 40,000 BTC. Pirate pays 7% on 40K BTC the PPT pays out 5%. The difference is 800 BTC per week ($32,000 per month is a decent cut to lie your ass off promoting worthless paper). All the PPT had a direct profit motive to bring in as many suckers as possible.

I would also point out that was real profit not paper profits. The PPT operator could just rake that profit each weak until everything blew up without risking a single bitcent.

All of the PPT operators both promoted and profited off a ponzi through the use of deception, misleading statemented, and outright lies.

None of this absolves the suckers from their personal responsibility but nobody should consider the PPT operators blameless.

P4man

hero member

Activity: 518

Merit: 500

Quote from: 556j on September 04, 2012, 05:17:08 PM

Are you seriously suggestion I ever said anything other than bs&t was anything but a scam?

Its a straight quote. I dont read anything there that resembles a warning, much less your ability to "see through 7%/week" or "there's no other explanation". I read quite the opposite.

Quote

You even had funds invested into it until recently and I never have.

Ive assumed it to be a scam from day one. Go ahead and click the link I provided, and scroll up a few posts and read what I wrote back then, or scroll down and read what I responded to you.

Quote

How about you check my other post where I laugh at the fat bastard for dressing like he make 13k a year?

Yeah in august when the shit hit the fan, you made a remarkably intelligent comment that Pirate's dress code proved a scam. Nothing about 7% per week though.

If I were you, Id stop trying to take credit for things you never said.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: fcmatt on September 04, 2012, 05:13:35 PM

Quote from: matthewh3 on September 04, 2012, 05:11:32 PM

Quote from: ErebusBat on September 04, 2012, 05:09:11 PM

Quote from: P4man on September 04, 2012, 04:57:16 PM

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

Which is why I think its so important there is at least some accountability for their fierce support for pirate. Its not revenge or to start a witch hunt or whatever, its to make sure everyone knows there are consequences to giving undue credibility. Labelling them as scammer would likely be considered too harsh by many, but if I where Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines.

I very much disagree with this, unless of course it can be proven they *knew* it was a fraud up front, besides you can't discriminate.

I think what needs to happen is some form of actual knowledge (not sure how to implement that) transfer rather than bantering back and forth. Just facts, here is what happened etc.

So they profited from a scam by backing it and there not scammers Huh

If those satoshi dice shares become worthless overnight is the middleman on gblse also a thief?

No because those shares are not on GLBSE are they and that exchange wouldn't promote and praise them as a good investments ever. Plus GLBSE has lots of disclaimers about not getting involved unless you know what your doing. These senior voices on the forum said they understood Pirates business and it was a sound investment. GLBSE would never do that. Senior forum voices who supported and praised Pirate and definitely those that did that to profit should go down with Pirate if he doesn't pay. They all flew out to meet him and claimed they understood the secrete sauce and it was legit "So give me your money while I burn it to profit".

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: P4man on September 04, 2012, 04:57:16 PM

if I were Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines.

I'm behind this.

Quote from: fcmatt on September 04, 2012, 05:11:13 PM

Quote from: myrkul on September 04, 2012, 02:50:12 PM

Quote from: Tomatocage on September 04, 2012, 02:06:57 PM

Has there been any communication from Pirate lately?

Nope, not a peep. Even his bot has shut up, now.

His OTC rating has dropped by close to 40 points, though.

Bot? You mean the ppt operators or gribble? Gribble seemed the most honest tho. It actually responded to questions on a regular basis. I have no grudge against gribble.

No, I mean ~boatstat, his fake little "I'm working on it" script.

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

Quote from: matthewh3 on September 04, 2012, 05:11:32 PM

So they profited from a scam by backing it and there not scammers Huh

If they knew it was a scam then yes they are scammers. However I personally know of someone who sold coins (interest) from BTCST for months on -otc. He was not big time, nor do I believe he knew that it was a scam; however it most certainly profited. Should he be tagged as a scammer?

I am just saying that just because they got fooled isn't enough for a tag. Now if it can be proven that pirate told them "Hey.. talk me up on the forums and I will give you an extra % per week" then maybe.

As JoelKatz said (i think) the horrible thing about situations like this is that the waters become so gray and it can become impossible to tell who the real crooks are and who was just $-$.

556j

sr. member

Activity: 252

Merit: 250

Quote from: P4man on September 04, 2012, 05:10:13 PM

Quote from: 556j on September 04, 2012, 05:04:13 PM

I fit in as the guy warning you months ago pirate was a scam. Now I fit in in laughing at the idiots that "invested" in him.

Really.. I hope you dont mind I quickly glanced over your posting history.

As for the savings and trust. I don't really know. Someone with control over a few hundred thousand USD worth of BTC could surely make good money. We know he has the programming skills to make a site like gpumax, it's not unreasonable to assume he has arb bots or other ways to exploit the market with his holdings. It can also be used to further obfuscate any BTC earnings.
https://bitcointalksearch.org/topic/m.866322

Are you seriously suggesting I ever said anything other than bs&t was anything but a scam? You even had funds invested into it until recently and I never have. That post was about gpumax, which is still running and still paying out. That is the worst I ever said which was "I don't really know" How about you check my other post where I laugh at the fat bastard for dressing like he make 13k a year? Everyone was guarded about bs&t, I bet at that time you were balls deep into his ponzi while I was saying there is a slight possibility it was legit. Are you serious? Yah prolly.

fcmatt

legendary

Activity: 2072

Merit: 1001

Quote from: matthewh3 on September 04, 2012, 05:11:32 PM

Quote from: ErebusBat on September 04, 2012, 05:09:11 PM

Quote from: P4man on September 04, 2012, 04:57:16 PM

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

Which is why I think its so important there is at least some accountability for their fierce support for pirate. Its not revenge or to start a witch hunt or whatever, its to make sure everyone knows there are consequences to giving undue credibility. Labelling them as scammer would likely be considered too harsh by many, but if I where Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines.

I very much disagree with this, unless of course it can be proven they *knew* it was a fraud up front, besides you can't discriminate.

I think what needs to happen is some form of actual knowledge (not sure how to implement that) transfer rather than bantering back and forth. Just facts, here is what happened etc.

So they profited from a scam by backing it and there not scammers Huh

If those satoshi dice shares become worthless overnight is the middleman on gblse also a thief?

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

Quote from: 556j on September 04, 2012, 05:04:13 PM

Quote from: ErebusBat on September 04, 2012, 04:57:02 PM

Quote from: 556j on September 04, 2012, 04:52:49 PM

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

IE I'm a dumbass and like to blame others after the fact. If you didn't see through 7%/week, well there's no other explanation.

Who is blaming others? I have said multiple times before that if pirate runs it is my own fault. I was saying that P4 had a very good point, where do you fit in?

You are. Check the bold. And when I call you out on your passive aggressive bullshit you backpedal. Don't say stuff like what I bolded unless you will stick to it.

I fit in as the guy warning you months ago pirate was a scam. Now I fit in in laughing at the idiots that "invested" in him.

Well thank you for mis-interpreting my words. If that is how I came across it is 100% wrong. PH or BurtW never told me what to do, it was my own free will and thinking. That is like blaming singers because some kid shot up the school. I looked over the available information (ignoring the attention whores) and made a calculated risk. I didn't risk more than I could afford to lose and while I am not happy, I am in no way in a position like many others here.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: ErebusBat on September 04, 2012, 05:09:11 PM

Quote from: P4man on September 04, 2012, 04:57:16 PM

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

Which is why I think its so important there is at least some accountability for their fierce support for pirate. Its not revenge or to start a witch hunt or whatever, its to make sure everyone knows there are consequences to giving undue credibility. Labelling them as scammer would likely be considered too harsh by many, but if I where Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines.

I very much disagree with this, unless of course it can be proven they *knew* it was a fraud up front, besides you can't discriminate.

I think what needs to happen is some form of actual knowledge (not sure how to implement that) transfer rather than bantering back and forth. Just facts, here is what happened etc.

So they profited from a scam by backing it and there not scammers Huh

fcmatt

legendary

Activity: 2072

Merit: 1001

Quote from: myrkul on September 04, 2012, 02:50:12 PM

Quote from: Tomatocage on September 04, 2012, 02:06:57 PM

Has there been any communication from Pirate lately?

Nope, not a peep. Even his bot has shut up, now.

His OTC rating has dropped by close to 40 points, though.

Bot? You mean the ppt operators or gribble? Gribble seemed the most honest tho. It actually responded to questions on a regular basis. I have no grudge against gribble.

P4man

hero member

Activity: 518

Merit: 500

Quote from: 556j on September 04, 2012, 05:04:13 PM

I fit in as the guy warning you months ago pirate was a scam. Now I fit in in laughing at the idiots that "invested" in him.

Really.. I hope you dont mind I quickly glanced over your posting history.

As for the savings and trust. I don't really know. Someone with control over a few hundred thousand USD worth of BTC could surely make good money. We know he has the programming skills to make a site like gpumax, it's not unreasonable to assume he has arb bots or other ways to exploit the market with his holdings. It can also be used to further obfuscate any BTC earnings.
https://bitcointalksearch.org/topic/m.866322

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

Quote from: P4man on September 04, 2012, 04:57:16 PM

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

Which is why I think its so important there is at least some accountability for their fierce support for pirate. Its not revenge or to start a witch hunt or whatever, its to make sure everyone knows there are consequences to giving undue credibility. Labelling them as scammer would likely be considered too harsh by many, but if I where Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines.

I very much disagree with this, unless of course it can be proven they *knew* it was a fraud up front, besides you can't discriminate.

I think what needs to happen is some form of actual knowledge (not sure how to implement that) transfer rather than bantering back and forth. Just facts, here is what happened etc.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: 556j on September 04, 2012, 05:04:13 PM

Quote from: ErebusBat on September 04, 2012, 04:57:02 PM

Quote from: 556j on September 04, 2012, 04:52:49 PM

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

IE I'm a dumbass and like to blame others after the fact. If you didn't see through 7%/week, well there's no other explanation.

Who is blaming others? I have said multiple times before that if pirate runs it is my own fault. I was saying that P4 had a very good point, where do you fit in?

You are. Check the bold. And when I call you out on your passive aggressive bullshit you backpedal. Don't say stuff like what I bolded unless you will stick to it.

I fit in as the guy warning you months ago pirate was a scam. Now I fit in in laughing at the idiots that "invested" in him.

No your wrong lots of senior member's gave Pirates scam a lot of Kudos and they should go down with him. I'm not saying every PPT operator. Just the senior forum member's who was giving his scam credibility especially the ones who profited from giving him kudos and credibly.

556j

sr. member

Activity: 252

Merit: 250

Quote from: ErebusBat on September 04, 2012, 04:57:02 PM

Quote from: 556j on September 04, 2012, 04:52:49 PM

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

IE I'm a dumbass and like to blame others after the fact. If you didn't see through 7%/week, well there's no other explanation.

Who is blaming others? I have said multiple times before that if pirate runs it is my own fault. I was saying that P4 had a very good point, where do you fit in?

You are. Check the bold. And when I call you out on your passive aggressive bullshit you backpedal. Don't say stuff like what I bolded unless you will stick to it.

I fit in as the guy warning you months ago pirate was a scam. Now I fit in in laughing at the idiots that "invested" in him.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: P4man on September 04, 2012, 04:57:16 PM

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

Which is why I think its so important there is at least some accountability for their fierce support for pirate. Its not revenge or to start a witch hunt or whatever, its to make sure everyone knows there are consequences to giving undue credibility. Labelling them as scammer would likely be considered too harsh by many, but if I where Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines.

I think there just scammers the people who gave Pirates idea kudos they all profited from it. So haven't lost anything but made on a scam. I hope I'm wrong and MNW wins his bet but it all just seems a little too late in the day. Pirate probably does have a lot of USD/BTC but now he's just thinking "I might as well just keep it" rather than use it to partially pay of his debts and still be in debt. Trust me a scammer would rather be in debt and have money then be in debt and have no money.

P4man

hero member

Activity: 518

Merit: 500

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

Which is why I think its so important there is at least some accountability for their fierce support for pirate. Its not revenge or to start a witch hunt or whatever, its to make sure everyone knows there are consequences to giving undue credibility. Labelling them as scammer would likely be considered too harsh by many, but if I where Theymos I would give them all a signature that says "Im either incredibly gullible or a crook. Dont ever take investment advice from me" or something along those lines.

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

Quote from: 556j on September 04, 2012, 04:52:49 PM

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

IE I'm a dumbass and like to blame others after the fact. If you didn't see through 7%/week, well there's no other explanation.

Who is blaming others? I have said multiple times before that if pirate runs it is my own fault. I was saying that P4 had a very good point, where do you fit in?

556j

sr. member

Activity: 252

Merit: 250

Quote from: ErebusBat on September 04, 2012, 04:38:12 PM

This is a good point... that is a major reason I invested. PH, BurtW, etc.... all long time members gave me ease.

IE I'm a dumbass and like to blame others after the fact. If you didn't see through 7%/week, well there's no other explanation.

Topic: pirate payments list -- accounts paid: 23/459 - page 17. (Read 62234 times)