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Topic: So what if Pirate does not pay back, he has a full weekend to dump... - page 2. (Read 8319 times)

donator
Activity: 1057
Merit: 1021
Right, must be a coincidence that the weekend he closes shop we see huge dumps after a large rally.

This..

Because everyone is panicing.  Talk to any of the lenders that aren't pirate passthroughs.  Everyone wants to withdraw their money and are apparently selling on the market.

If pirate really weren't going to pay back, why would he say anything?  If he wasn't going to pay back and intended to just dump everything, he'd keep it as quiet as possible and let people support the dumping unknowingly, right?

I think people were moving USD into bitcoin, more so than they normally would to take advantage of pirate's rates.  This effectively pushed us up to a year high.  Now that the rates aren't available, you have people moving the USD back out of bitcoin.

You are exactly correct.  Go read about Elliot Wave Theory.  This is panic selling.  All of these people think that Bitcoin is going to go to $2 and they want to get their money out now.  Once they see the real demand rebound the price they are going to panic buy on the market and shoot bitcoin up 3-5x times the stable price of $5. 
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
Right, must be a coincidence that the weekend he closes shop we see huge dumps after a large rally.

This..

Because everyone is panicing.  Talk to any of the lenders that aren't pirate passthroughs.  Everyone wants to withdraw their money and are apparently selling on the market.

If pirate really weren't going to pay back, why would he say anything?  If he wasn't going to pay back and intended to just dump everything, he'd keep it as quiet as possible and let people support the dumping unknowingly, right?

I think people were moving USD into bitcoin, more so than they normally would, to take advantage of pirate's rates.  This effectively pushed us up to a year high.  Now that the rates aren't available, you have people moving the USD back out of bitcoin.
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
Right, must be a coincidence that the weekend he closes shop we see huge dumps after a large rally.

This..
sr. member
Activity: 252
Merit: 250
I actually have a little amount in BTCmax Kiss

But I actually appreciate that BST is shut down, a major ?Sign can be cut out of the equation. And this happens just one month before the mysterious "major Bitcoin Announcement in September" (although does not need to be connected). We might face a more clear and accepted future for Bitcoin. Maybe I will see the 20$/BTC mark this year.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
I think, if, as I presume, he's been running a scam all along, he has already sold and withdrawn all the money he needs. The crash in the markets has been either a panic reaction from others

Makes sense, it is not some revelation, however. Obvious is obvious. If it is a fraud which it almost certainly is, the pirate has cashed out his booty long ago. Now let's see how suckers will react on realisation that their net worth is much smaller than they still think/hope/pray it is.

It is so funny to see how suckers and shills celebrate here: "Hooray Pirate sez he will return all the money soon!. It is now proven to be not ponzi..." What a bunch of dumb idiots!

We need shares of popcorn trading on GLBSE.


The good thing is that we all likely will know rather soon.

In best case scenario I've been completely wrong about all of this all the time, I sincerely hope to be wrong, however unlikely that is.
I'm glad you've said that because the amount of vitriol that has been spread on this forum recently has suggested that some people actually want this to be a ponzi - if only to be right.



They do.  A lot of people have shown their true colours throughout all this.   Sorry excuses for human beings, and they can go jump as far as I'm concerned.

I, too, will be pushing pretty hard for some public apologies from these people should Pirate come through (not to me, I couldn't care less what these pricks think, but to pirate first and foremost and then everyone else they've been complete shits to for the past months).
So I take it you'll be making an apology if it turns out we were right all along?
legendary
Activity: 1218
Merit: 1000
Exchange money for money or make money with money is an abrasive process, you can't possible get any revenue when nothing is being created or added to the economy... who the hell still believes in Ponzi scams?! If you felt for it, I've to say "too bad!".
donator
Activity: 1218
Merit: 1079
Gerald Davis
Just FYI - *Stealing* Bitcoins is not a crime. Not a single legal system anywhere is going to care about this.

Stealing is a crime.  Period.  Most countries don't define what can or can't be stolen.  


If you steal a potato it is a crime.  If you steal a beanie baby it is a crime.  If you seal a sack of aluminum cans heading to the recycling center it is a crime.

Please point out a statute that lists by item which can be stolen without it being a crime.   

The law doesn't work that way, it never has.  Imagine how stupid it would be if the the law did work that way.  
"Buddy I got a gun; give me your cellphone.  No not your wallet.  You think I am stupid?   I am not going down for robbery.  Just the cellphone.  Stealing a cellphone isn't a crime (yet)".
donator
Activity: 1218
Merit: 1079
Gerald Davis
Even if everything was a ponzi scheme why would he even make an announcement on the forums. Wouldn't it be easier just to go to a country with no extradition treaty with the US? I am not going to lie, its not like pirate is someone mysterious hiding in the shadows. People know his name and I am pretty sure what he looks like. Violence is always an option.   

Maybe he already did.  Last time I heard countries without extradition treaties are part of the intertubes.  Some of them even have nice beaches
legendary
Activity: 1904
Merit: 1002
The good thing is that we all likely will know rather soon.

In best case scenario I've been completely wrong about all of this all the time, I sincerely hope to be wrong, however unlikely that is.
I'm glad you've said that because the amount of vitriol that has been spread on this forum recently has suggested that some people actually want this to be a ponzi - if only to be right.



They do.  A lot of people have shown their true colours throughout all this.   Sorry excuses for human beings, and they can go jump as far as I'm concerned.

I, too, will be pushing pretty hard for some public apologies from these people should Pirate come through (not to me, I couldn't care less what these pricks think, but to pirate first and foremost and then everyone else they've been complete shits to for the past months).
So I take it you'll be making an apology if it turns out we were right all along?
Perhaps, not just apology but disgorgement of illegally/unethically obtained funds as well?



I have made my passthrough lenders whole shortly after the announcement.  If pirate defaults I will lose more, but I will have no unethically obtained funds.  I may, however, apologize for defending pirate so fiercely, but I strongly believe it won't come to that.  If I'm wrong, oh well, the loss will be hard, but I can take it.
hero member
Activity: 812
Merit: 1001
-
The good thing is that we all likely will know rather soon.

In best case scenario I've been completely wrong about all of this all the time, I sincerely hope to be wrong, however unlikely that is.
I'm glad you've said that because the amount of vitriol that has been spread on this forum recently has suggested that some people actually want this to be a ponzi - if only to be right.



They do.  A lot of people have shown their true colours throughout all this.   Sorry excuses for human beings, and they can go jump as far as I'm concerned.

I, too, will be pushing pretty hard for some public apologies from these people should Pirate come through (not to me, I couldn't care less what these pricks think, but to pirate first and foremost and then everyone else they've been complete shits to for the past months).
So I take it you'll be making an apology if it turns out we were right all along?
Perhaps, not just apology but disgorgement of illegally/unethically obtained funds as well?

sr. member
Activity: 336
Merit: 250
The good thing is that we all likely will know rather soon.

In best case scenario I've been completely wrong about all of this all the time, I sincerely hope to be wrong, however unlikely that is.
I'm glad you've said that because the amount of vitriol that has been spread on this forum recently has suggested that some people actually want this to be a ponzi - if only to be right.



They do.  A lot of people have shown their true colours throughout all this.   Sorry excuses for human beings, and they can go jump as far as I'm concerned.

I, too, will be pushing pretty hard for some public apologies from these people should Pirate come through (not to me, I couldn't care less what these pricks think, but to pirate first and foremost and then everyone else they've been complete shits to for the past months).
So I take it you'll be making an apology if it turns out we were right all along?
sr. member
Activity: 322
Merit: 250
We are bees, and we hate you.
Buying several new cars  Roll Eyes
Buying several new car dealerships...  Grin
newbie
Activity: 18
Merit: 0
Buying several new cars  Roll Eyes
sr. member
Activity: 490
Merit: 251
The $64,000 question is "What was pirate doing with the bitcoins he borrowed?"
full member
Activity: 350
Merit: 100
The good thing is that we all likely will know rather soon.

In best case scenario I've been completely wrong about all of this all the time, I sincerely hope to be wrong, however unlikely that is.
I'm glad you've said that because the amount of vitriol that has been spread on this forum recently has suggested that some people actually want this to be a ponzi - if only to be right.



They do.  A lot of people have shown their true colours throughout all this.   Sorry excuses for human beings, and they can go jump as far as I'm concerned.

I, too, will be pushing pretty hard for some public apologies from these people should Pirate come through (not to me, I couldn't care less what these pricks think, but to pirate first and foremost and then everyone else they've been complete shits to for the past months).

Now what you need to do is start pointing that anger to the right place. Smiley
sr. member
Activity: 350
Merit: 250
The good thing is that we all likely will know rather soon.

In best case scenario I've been completely wrong about all of this all the time, I sincerely hope to be wrong, however unlikely that is.
I'm glad you've said that because the amount of vitriol that has been spread on this forum recently has suggested that some people actually want this to be a ponzi - if only to be right.



They do.  A lot of people have shown their true colours throughout all this.   Sorry excuses for human beings, and they can go jump as far as I'm concerned.

I, too, will be pushing pretty hard for some public apologies from these people should Pirate come through (not to me, I couldn't care less what these pricks think, but to pirate first and foremost and then everyone else they've been complete shits to for the past months).
hero member
Activity: 938
Merit: 1002
Just FYI - *Stealing* Bitcoins is not a crime. Not a single legal system anywhere is going to care about this.

Real world doesn't work that way.

Sure Gox has froze funds related to suspected "hacks" (hacking is criminal) but why would they bother to impede pirates cashout of bitcoins legitimately handed to him?

Why would they bother indeed...  Roll Eyes
hero member
Activity: 812
Merit: 1001
-
Just FYI - *Stealing* Bitcoins is not a crime. Not a single legal system anywhere is going to care about this.

Utter nonsense.

legendary
Activity: 1792
Merit: 1000
The good thing is that we all likely will know rather soon.

In best case scenario I've been completely wrong about all of this all the time, I sincerely hope to be wrong, however unlikely that is.
I'm glad you've said that because the amount of vitriol that has been spread on this forum recently has suggested that some people actually want this to be a ponzi - if only to be right.

Many people have been called shills, liars and even criminals - they are surely owed an apology by some people if Pirate does pay everything owed.

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