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Topic: The Scam was never a PONZI..... the Scam was the ENDGAME. - page 2. (Read 5006 times)

sr. member
Activity: 462
Merit: 250
I heart thebaron
........ if it ends up being a scam.....

What do you mean IF ? Do you not realize WHAT he is doing ?
hero member
Activity: 868
Merit: 1000
There's a reason why certain people refused to EVER talk about USD in reference to Bitcoin with his Lenders.
Bitcoin was ALWAYS Bitcoin and nothing more.....NEVER translating into a discussed amount of US Dollars.

Ever wonder how long it will take to virtually (well, literally) suck the economic life out of Bitcoin ? My guess is 2 weeks.

I for one am looking forward to an increase in my invested Bitcoins of 7% at the cost of 50% of their USD value.

HOW COULD I BE SO FUCKING STUPID ?


Live and learn...
sr. member
Activity: 252
Merit: 250
You think he'd stick around when people know where he sleeps if it ends up being a scam? But I have a sailboat and very familiar with Caribbean and central/south america, available for hire Smiley
sr. member
Activity: 462
Merit: 250
I heart thebaron
Vigilante Justice will prevail EVERY time.

Who's in for a Bitcoin Convention in Texas ?
I hear that the North Eastern Texas scenery is quite nice this time of year.

You know what they say about Texas: "....come for the Dive Instruction, stay for the Piano Lessons....."

We can discuss and set a final date over the next week or 2.

See you all there.
sr. member
Activity: 336
Merit: 250
Yes, but demonstrating that government regulation is not a quick fix. IMO, stable or at least predictable pricing and how people throwing BTC at HYIP affects this is a much more important topic.

Depending on what percentage of today's volume is Pirateat40, he may have already blown through quite a large bit of his BTC stash. Not looking good for anyone hoping to be repaid through market manipulation. This might make good analysis for market watchers.

Reinforcing my opinion that anyone who writes about how Bitcoin must somehow merge with governments to purge all scams and cons is an idiot: http://business.gather.com/viewArticle.action?articleId=281474981557391 http://myfox8.com/2012/08/17/62674/

Just a small example of the stuff that goes on in government backed currencies. The CEO so far has just paid $4 million on a $600 million scam, no charges announced yet, rofl. If Pirateat40 does turn out to not have the funds to reimburse, he'll still be small fry compared to USD and many other currencies.

The example you're using is a tiny fraction of the USD market. Pirate owns 6% of bitcoins in circulation, not to mention the current market volumes.

I'm not trying to disagree about whether these should be illegal/forcibly discouraged in Bitcoin's context, but I cannot find any justification for it.
legendary
Activity: 1372
Merit: 1002
It's pretty damn obvious that those who are planning on getting coins back from pirate are already selling their existing reserves in order to get the maximum payout before all the other payout recipients dump their coins.

It's a race to the bottom.

If they were smart they would've sold already on friday, right after the announcement Wink
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
It's pretty damn obvious that those who are planning on getting coins back from pirate are already selling their existing reserves in order to get the maximum payout before all the other payout recipients dump their coins.

It's a race to the bottom.
vip
Activity: 198
Merit: 101
Depending on what percentage of today's volume is Pirateat40, he may have already blown through quite a large bit of his BTC stash. Not looking good for anyone hoping to be repaid through market manipulation. This might make good analysis for market watchers.

Reinforcing my opinion that anyone who writes about how Bitcoin must somehow merge with governments to purge all scams and cons is an idiot: http://business.gather.com/viewArticle.action?articleId=281474981557391 http://myfox8.com/2012/08/17/62674/

Just a small example of the stuff that goes on in government backed currencies. The CEO so far has just paid $4 million on a $600 million scam, no charges announced yet, rofl. If Pirateat40 does turn out to not have the funds to reimburse, he'll still be small fry compared to USD and many other currencies.

The example you're using is a tiny fraction of the USD market. Pirate owns 6% of bitcoins in circulation, not to mention the current market volumes.

I'm not trying to disagree about whether these should be illegal/forcibly discouraged in Bitcoin's context, but I cannot find any justification for it.
sr. member
Activity: 336
Merit: 250
Depending on what percentage of today's volume is Pirateat40, he may have already blown through quite a large bit of his BTC stash. Not looking good for anyone hoping to be repaid through market manipulation. This might make good analysis for market watchers.

Reinforcing my opinion that anyone who writes about how Bitcoin must somehow merge with governments to purge all scams and cons is an idiot: http://business.gather.com/viewArticle.action?articleId=281474981557391 http://myfox8.com/2012/08/17/62674/

Just a small example of the stuff that goes on in government backed currencies. The CEO so far has just paid $4 million on a $600 million scam, no charges announced yet, rofl. If Pirateat40 does turn out to not have the funds to reimburse, he'll still be small fry compared to USD and many other currencies.
hero member
Activity: 504
Merit: 500
Welcome to PANDATECH GLOBAL


Right now our current commodities and exchnage rates are as follows.

1 Carrot = 2 Poprcorn Kernels
10 Popcorn Kernels = 1 BTCS&T Share
10 BTCS&T Shares = 1 BTC

Taken orders in slips like old skool NYSE trading floor.

Hand me yellows for OTC buys and blues for OTC sells.
Green for OTC exchnages.


ding ding ding ding ding
sr. member
Activity: 252
Merit: 250
yah @ 8 and suck the life out, really. I remember when I got my first coins last December around $3. Show me some real world investments with 266.7% return in 9 months.
legendary
Activity: 1372
Merit: 1002
There's a reason why certain people refused to EVER talk about USD in reference to Bitcoin with his Lenders.
Bitcoin was ALWAYS Bitcoin and nothing more.....NEVER translating into a discussed amount of US Dollars.

Ever wonder how long it will take to virtually (well, literally) suck the economic life out of Bitcoin ? My guess is 2 weeks.

I for one am looking forward to an increase in my invested Bitcoins of 7% at the cost of 50% of their USD value.

HOW COULD I BE SO FUCKING STUPID ?

Good to know you only think short term, bitlane.
donator
Activity: 980
Merit: 1000
buttcoin.org closed way to soon. comedy gold lately.

Bitcoin is backed by comedy gold, didn't you know.
sr. member
Activity: 336
Merit: 250
I wouldn't call hovering around $8 as sucking the life out of Bitcoin.
sr. member
Activity: 462
Merit: 250
I heart thebaron
There's a reason why certain people refused to EVER talk about USD in reference to Bitcoin with his Lenders.
Bitcoin was ALWAYS Bitcoin and nothing more.....NEVER translating into a discussed amount of US Dollars.

Ever wonder how long it will take to virtually (well, literally) suck the economic life out of Bitcoin ? My guess is 2 weeks.

I for one am looking forward to an increase in my invested Bitcoins of 7% at the cost of 50% of their USD value.

HOW COULD I BE SO FUCKING STUPID ?

I was wrong. It only took 2 days, not 2 weeks.
hero member
Activity: 812
Merit: 1001
-
I'm counting on it, Wink


Nahh I read a bit that thread and changed my mind, those guys are even more ignorant than most of worst idiots here. They got the ponzi thing right, however.



hero member
Activity: 504
Merit: 500
I'm counting on it, Wink
sr. member
Activity: 275
Merit: 250
buttcoin.org closed way to soon. comedy gold lately.

Follow the SA thread.  We've been watching this fiasco and mining the comedy gold. 
legendary
Activity: 2072
Merit: 1001
so take money from lenders.
sell the bitcoins for usd.
price keeps going up the whole time.
now you have usd but very hard to get btc to pay back with.
so use personal stash of btc or whatever is left from last deposits to drive price down.
manage to get price down from high of 15 to about 11
now you have even more usd
yet to purchase just a measily 500 btc will raise price of btc to 11.20 let alone 100K of btc which will bounce price past 14 easy

this does not compute

so you must have had bids waiting.. yet price has not gone down below 10 yet.
i doubt he sold all that btc at > 10 over the last months since price was only above that for a month now.

this does not compute either

so i am confused here. how does one get enough btc to pay everyone back at this point?

conclusion.. must have a lot of btc already and any attempt to crash market is an attempt to just get more.
hero member
Activity: 518
Merit: 500
We should start a few new ponzis one denominated in carrots and another one  denominated in psychic powers.


Where can I buy popcorn futures ?

I'll sell you some if you first send me your bitcoins....lol.... Wink

I only have carrots.

http://www.ohakune.info/whyohakune/carrot-capital.php
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