No no... no! We're not stopping, we're going to keep repeating the same red flags until you can't find anyone new to "invest" with you before answering some crucial questions. You see, we're not exposing you so those who already take in to their account the very high risk that you are a fraud before they "invest" with you, no no, we are trying to save those unsuspecting naive people without which, if you are the fraud that we think you are, you're going to go bust ASAP.

We're pages into the latter. Still no explanation, still it looks like Pirateat40's decision is a massive loss for him unless it is a Ponzi. Still nothing on the need for insanely large individual accounts to get the 7% yield.

C'mon, pirate, fess up, it's you, isn't it?

Again, this market is too small for this not to happen pretty regularly.  People like to say, "You can mostly ignore market depth", but the fact is that most people do not ignore market depth, and the fact that most people don't ignore it, compels people playing in the market to react based on depth changes, which compels other people to react.  This is not going to change until there are many, many more big players than there are right now.

Would that include being more likely to get a response to an attack from someone who you have no dealings with vs that of an honest question put forth by someone who trusts you with an investment ?

Sure. And, of course, to you personally for my outrageous behavior. After all, I am insulting the nice person who gives anyone free money.

But for now, this is not the situation. Care to actually break the method of the artificially distant Ponzi operator and engage in a brief discussion? After all, I have absolutely no reason to act like this if it is all a big misunderstanding.

Let's keep it simple for starters. We could really use a hint as to why returns are so strongly dependent on the size of individual deposits, if not for the reason documented in the Currin Trading Ponzi (http://web.archive.org/web/20091026234156/http://geocities.com/currintrading/). This one also documented neatly why the operator rarely replies to garbage like this.

If time allows, I have one more enigma here: it is quite remarkable how relative fluctuations of deposits degraded over time, isn't it? Or has anyone heard of major series of forced withdrawals lately?

I think these should be valid questions, not just garbage. And, quite frankly, it's not like I am the only person who suspects a Ponzi here. If there is a satisfactory answer, it should help the overall reputation of BS&T quite a bit, independent of whether the question is garbage.

Bringing your dog?

pirate, just had an idea, why don't you start an account, where, people can send any amount of money to, as donations basically, it becomes part of the pool. Let that be a non-stop recurring interest account.

You could contribute that as added goodwill to the whole episode at another level altogether.

The forum could have a poll every year, for contributing that money for voted purposes on the forum. Could be anything, but mostly charity oriented.

cheers

do not know if I am talking too much, or you must already have something like that going on.

This does not explain the pointless move of limiting account deposits without limiting accounts. Nor does the whole show with the savings accounts make sense in the first place! Except to distract from the more obscure account rules which help limit withdrawals, but that couldn't be, now could it?

Also, are people seriously paying a "security deposit" for leaving money with someone else? It's kind of hard to express just how nonsensical that is.

Rules are simple. Game runs as long as the majority keeps playing it. If a limit of withdrawals is exceeded, kill switch, game over. If you want to believe something else, then, well okay, you want to believe something else. That's cute, but wishes can only change things you actually have control over.

So will you guys finally wake up and at least save us all the embarrassment of Pirateat40 freely picking the shutdown time? Yes, I am spreading FUD, and I am ignoring the arguably friendly posts telling me to not do so, because FUD is more than appropriate here!

I'm starting to get grumpy against what one could call the Bitcoin Forum mob. I've been trying my best to help turn the rudder on three phases of insanity with near perfect precision in my forecasts, yet all I get is more ignorance. I am not getting anything in return for this, so careful what you wish for, I might just do the favor everyone wants and stop helping people think. Still, it is absolutely not okay to help flooding or flaming away discussions that may help preventing scams. If anyone would care to read some history about Ponzi Schemes, he would know how users' voices are integral to keep them running.

But it's just like the bubble, just like the shorting mania, just like the leverage mania, why read anything if one can post more drivel instead?

This is getting so ridiculous that after it ends, apologies from the mistaken side are in order, either for the "defamation" I am currently doing, or for advertising a scam in one way or the other. I will gladly give a detailed and well-visible apology should I turn out wrong. The point is that I will not be, and the board will get a nice and voluminous blacklist of people who mindlessly or deliberately made all of this happen. It's not as if an observer can tell the difference.



TL;DR: you did it, I snapped. After you're done noticing your coins are gone, y'all got some explaining to do. Yarr, that's right mateys.

I just wonder what is the "Security Deposit" about.
I mean, under what kind of circumstances the account could get "forcefully closed"?

I like the idea of the security deposit.

My initial reaction is that this is a positive move.

pirateat40, will you still require a referral for the standard savings account? 

Will btcmax get an exception to the max-5000 BTC rule? I am guessing he is entrusted with more than 5000 BTC by btcmax.com users.

Weekly interest rate right?

Correct me if I'm wrong, pirate.

I believe one of the proper ways to change a withdrawal address is to go on IRC, auth and then request the address change, if you use IRC.

Pirate, your avatar turned 45 degrees counter-clockwise this week. Is this some kind of countdown and when we see your back we know you sailed north with all our coins?