|
Title: Pirate Pass Through? Post by: ZodiacDragon84 on August 31, 2012, 07:17:54 AM Guess I'm late to this train, but can some one dumb down what the hell a pirate pass through is for me?
Title: Re: Pirate Pass Through? Post by: organofcorti on August 31, 2012, 07:19:44 AM Guess I'm late to this train, but can some one dumb down what the hell a pirate pass through is for me? Yeah, it's a Carribean gumbo, lots of chili. It was what pirates once used for colon health. Title: Re: Pirate Pass Through? Post by: The_Duke on August 31, 2012, 07:20:10 AM Title: Re: Pirate Pass Through? Post by: ZodiacDragon84 on August 31, 2012, 07:21:11 AM Smart asses!!!
Title: Re: Pirate Pass Through? Post by: VelvetLeaf on August 31, 2012, 07:22:44 AM Pirate offer several level of interest based on your balance :
For those of you that have <= 100 BTC, you get 3.5% ? interest. The amount of interest that you receive will get higher as your BTC balance is higher, if you accumulate to 25,000 BTC you can get 7% interest. In order to get 25,000 BTC, some people act as mediator to accumulate all the funds from bitcointalk.org forum and store that in pirate so you can get 7% interest / week. The mediator is called Pirate Passthrough. Title: Re: Pirate Pass Through? Post by: organofcorti on August 31, 2012, 07:24:22 AM OK, had my fun.
A pirate pass through (PPT) was a way for smaller investors to invest coins with (read: give coins to) pirateat40, who only accepted largish investors. Buy a bunch of bonds at GLBSE for example, and those bonds would pay just under 7% per week. Title: Re: Pirate Pass Through? Post by: ZodiacDragon84 on August 31, 2012, 07:25:19 AM THank you for your concise and simple explanation VelvetLeaf. I'm going to lock this thread unless someone sees a reason to keep it open.
Title: Re: Pirate Pass Through? Post by: myrkul on August 31, 2012, 07:25:39 AM I summed it up nicely in another thread somewhere...
Think of it as a grocery co-op for losing your shirt. |
