So, in one moment Pirate is doomed above $10 - then he's just fine until we hit $13, or is it $20? Wait, I read on this forum that Pirate controls BTC prices, so there's no way they'd be trading so high... oh wait...
This stuff is so hilariously contradictory I can't even begin to laugh enough.
Topic: This rally is a pirate bubble - page 2. (Read 8670 times)
There is no cut and dried liability if you can't prove wrongdoing. From a hypothetical Pirate's perspective, the outcomes are indistinguishable, so might as do the one that allows squirling away wealth.
ArcticMine: Yeah, no. Honestly, if he's happy with pissing people off anyway, and contemplates a lawsuit, it's better to just squirrel the money away and blame default on "hackers" or thieving "business partners" that cannot be disproved.
The difference is between a very clear cut and dry liability and one that may take years and an army of lawyers to figure out if a liability even exists.
ArcticMine: Yeah, no. Honestly, if he's happy with pissing people off anyway, and contemplates a lawsuit, it's better to just squirrel the money away and blame default on "hackers" or thieving "business partners" that cannot be disproved.
i think if pirate returned everyones coins
Where would these coins come from? After interest payouts that already happened?
If he is short he would have to buy from the rest of us. Who knows I might even sell him just a few
. The latter of course depends on the price. Of course there may be also those that are buying in order to profit from a Pirate short squeeze, so in that sense the rally could also be due to Pirate. If he was going to default he'd just up and leave.
I am assuming this is not going to be a simple grab the cash and run or classic Ponzi type default. Pirate is a lot more sophisticated than many in the "anti-pirate" camp give him credit for. Something along the lines of what I mentioned in your other thread https://bitcointalksearch.org/topic/m.1084866 on the other hand may well be what happens.
I wonder if pirate is the US government trying to buy up as many BTC as possible. They can afford to pay out 7% with their fiat.
Let me be the first to have the honor to welcome you to the halls of this forum, kind Sir!
LOL...thanks...I think.
If he was going to default he'd just up and leave.
It would make much more sense, if he's really scamming people, to sell of a little at a time and stretch it out as long as possible. It doesn't crash the market and it doesn't look that suspicious.
i think if pirate returned everyones coins
Where would these coins come from? After interest payouts that already happened?
If he is short he would have to buy from the rest of us. Who knows I might even sell him just a few
. The latter of course depends on the price. Of course there may be also those that are buying in order to profit from a Pirate short squeeze, so in that sense the rally could also be due to Pirate. If he was going to default he'd just up and leave.
i think if pirate returned everyones coins
Where would these coins come from? After interest payouts that already happened?
If he is short he would have to buy from the rest of us. Who knows I might even sell him just a few
. The latter of course depends on the price. Of course there may be also those that are buying in order to profit from a Pirate short squeeze, so in that sense the rally could also be due to Pirate. 
...Everyone is buying BTC to get in on pirate's scheme, pirate passthroughs, and other pirate like "lending" schemes. ...
I have never used these services, I don't even understand them and yet I have been buying recently. It's virtually impossible not to see all the threads pointing out how likely this is to be a scam, yet Usagi decided to stop selling NYAN.C, which is at the moment essentially a fund of passtroughs, because it was selling too well -and he was afraid too many would blame him for losing their money, I guess. It was one of the most surreal post I have ever read, a share issuer mad at how well his shares were selling
usagi found out what all of the PPT issuers have known for months, but have neglected to tell anybody: Pirate's deposits are growing more than 7% per week. So in theory he can run this ponzi for ~1 more year then pack his bags and disappear ?
Sigh, I hate slow burn drama's.
At the moment every week the vast majority of his interest payments get immediately reinvested - in addition to people providing extra new investment.
In addition, there's a lot of smoke and mirrors surrounding things like the size of the exposure people have to BS&T, I tried to start a discussion on it last week (so all the numbers are presumably even higher now):
https://bitcointalk.org/index.php?topic=98225.0;topicseen
investigators suspect madoff was fraudulant from the 1960s and he never missed an interest payment
for 39 years
for 39 years
It's virtually impossible not to see all the threads pointing out how likely this is to be a scam, yet Usagi decided to stop selling NYAN.C, which is at the moment essentially a fund of passtroughs, because it was selling too well -and he was afraid too many would blame him for losing their money, I guess. It was one of the most surreal post I have ever read, a share issuer mad at how well his shares were selling
Sold out already, anymore on the way?
I'm thinking about it. It's just that people are gravitating towards pirate and high risk and they are going to lose a lot of money like this.
Please, for your own sake, I've stopped sale of NYAN.C as it was selling over 5x faster than A or B. Sure, pirate is popular, but people for your own sake stop buying so much pirate. You're going to lose your money.
Pirate = CIA and they are using btc to fund their black ops and pay their spies so they dont have to explain to the public where the money is going. 
investigators suspect madoff was fraudulant from the 1960s and he never missed an interest payment
for 39 years
for 39 years
I have to somewhat agree with the OP. With pirate's BTCST in place if you bought 10k bitcoins at $5 and you invested 100% of that with pirate you would have 20k bitcoins by now.
I believe much of the ramp could (not necessarily is) but could be a biproduct of people wanting to buy btc low and as the USD price rises not only do they get more bitcoins but each bitcoin is worth more USD.
Unsustainable in my opinion.
Just my take...
I believe much of the ramp could (not necessarily is) but could be a biproduct of people wanting to buy btc low and as the USD price rises not only do they get more bitcoins but each bitcoin is worth more USD.
Unsustainable in my opinion.
Just my take...
someone on another thread calculated that they would need $10,000 a month to retire comfortabley on
they then calculated that by giving pirate 379 BTC the compounding interest in a very short time would equal retirement
if thats not crazy enough for you ,heres another one :
if pirate continues to pay this interest for about 18 months he will have paid out moe than all the bitcoins in the world INCLUDING the ones that havent been mined yet and wont be mined for years
So in theory he can run this ponzi for ~1 more year then pack his bags and disappear ?
Sigh, I hate slow burn drama's.
I have to somewhat agree with the OP. With pirate's BTCST in place if you bought 10k bitcoins at $5 and you invested 100% of that with pirate you would have 20k bitcoins by now.
I believe much of the ramp could (not necessarily is) but could be a biproduct of people wanting to buy btc low and as the USD price rises not only do they get more bitcoins but each bitcoin is worth more USD.
Unsustainable in my opinion.
Just my take...
I believe much of the ramp could (not necessarily is) but could be a biproduct of people wanting to buy btc low and as the USD price rises not only do they get more bitcoins but each bitcoin is worth more USD.
Unsustainable in my opinion.
Just my take...
someone on another thread calculated that they would need $10,000 a month to retire comfortabley on
they then calculated that by giving pirate 379 BTC the compounding interest in a very short time would equal retirement
if thats not crazy enough for you ,heres another one :
if pirate continues to pay this interest for about 18 months he will have paid out moe than all the bitcoins in the world INCLUDING the ones that havent been mined yet and wont be mined for years
We will have many chuckles when the music stops and only one chair left.
+1 I can't see how this whole pyramid scheme can unwind itself in such a way that NO ONE gets burned.
I've got my popcorn ready. I think we will see much much drama concerning pirate etc. in the next 6 to 12 months if not sooner.
We will have many chuckles when the music stops and only one chair left.
I have to somewhat agree with the OP. With pirate's BTCST in place if you bought 10k bitcoins at $5 and you invested 100% of that with pirate you would have 20k bitcoins by now.
I believe much of the ramp could (not necessarily is) but could be a biproduct of people wanting to buy btc low and as the USD price rises not only do they get more bitcoins but each bitcoin is worth more USD.
Unsustainable in my opinion.
Just my take...
I believe much of the ramp could (not necessarily is) but could be a biproduct of people wanting to buy btc low and as the USD price rises not only do they get more bitcoins but each bitcoin is worth more USD.
Unsustainable in my opinion.
Just my take...
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