That would make MPOE-PR my goddess.

I went from trying to raise enough bitcoins to buy a high end GPU (when bitcoins were less than £3 each) as I couldn't even afford a basic one to taking a mining security to a market capitalisation of over £100K value and having 1(TH/s) on pre-order in about a year.  Where all the doubters and trolls now.

Bitcoin where dreams can come true -  https://www.youtube.com/watch?v=4ecp7UruLZI

edit:  Only posting for the amount of stick I was given by none investors for switch from GPU>FPGA>ASIC pre-orders so quickly.  They said you don't know what your doing as you keep changing your your mind but bitcoin mining has changed so dynamically in the last eighteen months..  While any IPO investor could have sold out at at least a 100% profit and by that I mean a bitcoin profit when bitcoins were worth less than £3 each and not a cash profit.  Most of the trolls skullked off when the GLBSE did with all their investors money as I could of very easily but I ain't know theif of scammer.  I my make myself look stupid in my posts as I have dyslexia but I bet I could do a fast fourier transfer faster than you.  So while I can't spell at least I can count    

[2012-07-17 05:52:28] <zab_> pirateat40: you got your reaction, you're awesome, now fix your miss please
[2012-07-17 05:52:45] <gribble> Best bid: 8.2808, Best ask: 8.28131, Bid-ask spread: 0.00051, Last trade: 8.28132, 24 hour volume: 197968, 24 hour low: 7.6, 24 hour high: 9.49
[2012-07-17 05:53:17] <NxTitle> if everyone continues to buy, pirate will eventually run out of money
[2012-07-17 05:53:34] <pirateat40> Yes, Everyone BUY
[2012-07-17 05:53:39] <pirateat40> EVERYONE
[2012-07-17 05:53:43] <NxTitle> pirateat40: lol?
[2012-07-17 05:53:45] <pirateat40> GO!, NOW
[2012-07-17 05:54:01] <pirateat40> The more you buy the more I make.
 
[2012-07-17 05:54:07] <NxTitle> pirateat40: tell me to sell
[2012-07-17 05:54:10] <pirateat40> NxTitle, is just helping me.
[2012-07-17 05:54:13] <zab_> pirateat40: don't do this... don't destroy what you've created
[2012-07-17 05:54:14] <NxTitle> lol
[2012-07-17 05:54:18] <dub> did I pump when it was time to dump?
[2012-07-17 05:54:40] <gribble> Best bid: 8.35999, Best ask: 8.36, Bid-ask spread: 9.99999999962e-06, Last trade: 8.36, 24 hour volume: 198123, 24 hour low: 7.6, 24 hour high: 9.49
[2012-07-17 05:54:43] <Blitzboom> dump and pump scheme
[2012-07-17 05:54:59] <adaqmstgBit> pirateat40 what price would you like us to support?
[2012-07-17 05:55:53] <pirateat40> zab_, this is the first time ive ever played the market.  It was simply a statement, I don't plan on making it part of my process.  It's simply a warning.
[2012-07-17 05:56:07] <Hexadecibel> Ooo pirate is scary
 
[2012-07-17 05:58:54] <Diablo-D3> !ticker
[2012-07-17 05:58:55] <gribble> Best bid: 8.26102, Best ask: 8.37498, Bid-ask spread: 0.11396, Last trade: 8.37499, 24 hour volume: 198583, 24 hour low: 7.6, 24 hour high: 9.49
[2012-07-17 05:59:33] <NxTitle> pirateat40: how much longer do I have to wait for a gpumax account?
[2012-07-17 05:59:54] <SysErr0r> pirateat40: when will my BFL single arrive?
 
[2012-07-17 06:00:56] <pirateat40> adaqmstgBit, 33% is right.
[2012-07-17 06:01:26] <adaqmstgBit> so 66% of the coins are our own?
 
[2012-07-17 06:02:38] <MC1984> how the dicks has it bounced between 7 and 9
[2012-07-17 06:03:26] <EmanuelDeOrtego> pirate
[2012-07-17 06:03:34] <pirateat40> yes
[2012-07-17 06:03:40] <NxTitle> why
[2012-07-17 06:03:41] <biteylerk> Also he doesn't pass the profit to the incestors - he keeps it for himself. He's a pirate, damn it! Arrr!
[2012-07-17 06:04:12] <Chaaang-Noi> he is the caption of the pirate ship BTCST
 
[2012-07-17 06:04:55] <Xian01> pirateat40, sorry for the off-topic, but I applied for a gpumax account >30 days ago. Are you that backlogged ?
[2012-07-17 06:04:13] <opticbit> can we expect more than 7% in our accounts next monday?
[2012-07-17 06:05:31] <pirateat40> opticbit, as long as I hold your coins.. you'll be paid.
 
[2012-07-17 06:10:51] <Hexadecibel> seriously though, I really, really wish pirate the best. It's been this long, people have had this much warning. You only have yourselves to blame when he runs with your money
[2012-07-17 06:10:57] <Hexadecibel> and he'll deserve every penny
 
[2012-07-17 06:29:31] <wogaut> ok, later!
[2012-07-17 06:34:59] <Xian01> maybe someone should update the topic "Yes, the forums are down. It's not just you"
 
[2012-07-17 06:36:05] <EmanuelDeOrtego> Pireat40, my firm just got me some Mt. Gox dollars in my account.
[2012-07-17 06:36:07] <pirateat40> Last warning....
[2012-07-17 06:36:13] <EmanuelDeOrtego> Continue this selling and I'll buy it up to $10.
[2012-07-17 06:36:17] <EmanuelDeOrtego> Right now.
[2012-07-17 06:36:19] <Gladamas> ;;ticker
[2012-07-17 06:36:20] <gribble> Best bid: 8.08987, Best ask: 8.08988, Bid-ask spread: 1.00000000014e-05, Last trade: 8.08989, 24 hour volume: 203928, 24 hour low: 7.6, 24 hour high: 9.49
[2012-07-17 06:36:28] <Hexadecibel> warning for what?
[2012-07-17 06:36:31] <pirateat40> Sell everything
[2012-07-17 06:36:35] <Hexadecibel> meh
[2012-07-17 06:36:38] <dub> im buying
[2012-07-17 06:36:40] <Hexadecibel> bring to 1
[2012-07-17 06:36:40] <adamstgBit> wait what> "last warning" ??/
[2012-07-17 06:36:50] <EmanuelDeOrtego> He's bluffing guys.
[2012-07-17 06:36:55] <EmanuelDeOrtego> Just buy it all out before I do.
[2012-07-17 06:37:01] <dub> buy high sell low
 
[2012-07-17 06:37:53] <NxTitle> 05:36 < EmanuelDeOrtego> He's bluffing guys.
[2012-07-17 06:37:53] <NxTitle> 05:36 < EmanuelDeOrtego> Just buy it all out before I do.
[2012-07-17 06:38:21] <adamstgBit> lol this is crazy

Jul 24 05:08:52 <dub>   mircea_popescu: it was in #bitcoin that manipulation shit went down, fuck looking for it
Jul 24 05:15:36 <dub>   mircea_popescu: some of that loss would be during that event though
Jul 24 05:16:07 <dub>   he was raging about the rally, telling people to stop buying or he would fuck the market up
Jul 24 05:16:11 <mircea_popescu>   yeah
Jul 24 05:16:34 <dub>   then sold massively and didnt make a dent in the rally
Jul 24 05:16:35 <mircea_popescu>   kinda ridiculous if you think about it.

I would say that on the balance of evidence available, MtGox is more likely to be a scam than a legitimate operation at this point. The trifecta of tight lipped yet deceitful reps ; soft as opposed to hard liabilities coupled with a tendency towards further softening and arbitrary, case-by-case handling of accounts showing extreme sensitivity to public exposure is present and that's enough for my needs.

At this point I would advise anyone against keeping any sums on MtGox overnight, fiat or BTC. Their reaction will probably be to make transfers even slower, in an attempt to discourage capital flight. Take a moment and think things through : if your reason for keeping capital on MtGox is that you don't want to wait for their excessive transfer delays, isn't this in and of itself proof that you really shouldn't be there at all ?

Some months later and this is the situation:

- MtGox declared a "withdraw freeze" and nobody could make withdraw requests for two weeks.
- A lot of people report big withdraws made before this freeze still have not come through.
- People have now been waiting 2 months for USD withdraws and 1-3 months for EUR withdraws.

https://bitcointalk.org/index.php?topic=179586.540

You were spot on ahead of your time.

Nefario: You are obviously unqualified to be anywhere near a project of the complexity of an exchange, even for play money (which I suspect BTC are, for most of you here, at least judging on behavior records). I will make you precisely one offer to buy the thing from you, so you get to actually make some money for all your effort over the past year, as misguided and mismanaged as it may have been, rather than have to walk away from a worthless wreck (like Zou Thong/Amir&co have with Bitcoinica). If you have half the maturity you should have to be involved in all this you will take this offer seriously, and consider your options carefully. Feel free to make contact via pm or in #bitcoin-otc-eu.

Furthermore, while it is true that Bitcoin may be regarded as an item of value by one or more people, this also is true of the in-game currency of each and every single one game ever released to this date and to be released for the conceivable future. Ruling that indeed Bitcoin constitutes in itself either money or capital in the sense of the Securities Act of 1933 would both retroactively expose all game developers and game players to extensive and burdensome reporting and compliance requirements as well as burden the SEC with an enormous task. Further, it would severely limit and curtail the ability of future game developers to bring computer games to the general public. In either case such extensive re-writing of existing and well understood law can not be the empire of the court system, and unless or until such a time as Congress introduces legislation specifically rendering online in-game currencies legal tender, or otherwise money, or capital this matter can only be laid to rest.

Just in time for tax day (April 15 in the United States), the Internal Revenue Service has issued six pages of guidelines (PDF) detailing how it considers the legality of Bitcoin and other “virtual currencies.”

Specifically, the document, which was published on Tuesday, designates that Bitcoin will be treated for tax purposes as a property and not as a currency.

May 29 16:03:14 <pigeons>   I just got a solicitation from Matthew N. Wright for a conference he is organizing in Amsterdam.
May 29 16:03:26 <pigeons>   damn mircea_popescu you are right about these conference organizer people
May 29 16:03:54 <mircea_popescu>   eh ?
May 29 16:04:20 <pigeons>   bruce wagner had a conference, we had the intersangro one with nefario, the last one was sponsered by vessenes and now matthew n wright
May 29 16:04:37 <mircea_popescu>   lol
May 29 16:04:41 <mircea_popescu>   you know i also had one.
May 29 16:04:54 <pigeons>   lol
May 29 16:05:29 <mircea_popescu>   mine however was ciuuuuuulll
May 29 16:05:34 <mircea_popescu>   cause it wasn't in schiuuuuullll

no this site have no official thread here u can contact them on site no other way

who is also the owner of the well-known Bter.com crypto-currency exchange platform

Hi Davout and Boussac

Is there any chance of helping somebody out that missed the opportunity to file a claim? I stupidly mistook the final date for the claims process, and due to circumstances I won't bore you with, I missed my chance. I'm sure you're busy and I appreciate the lengths you are going to to return the funds to all your users, but any assistance you could provide me would be greatly appreciated. I would very much like to get all my coins back.

Thank you kindly.

This is still going on? Allow me to try once again.

You don't derive that BS&T was a Ponzi using only formal logic statements. Almost anything is somehow possible. If I claim to be an alien who has traveled to Mars and back yesterday, nobody can formally prove me wrong. Pirate's chances of being legitimate were just small -- not in a "I don't believe it" kind of way, but in the way a physicist uses the word. Let's do an example; there are much better combinations in the threads from back then, but this already shows the point:

• BS&T scaled on a smooth exponential, which means its reservoir of unfulfilled trades at horrible rates was really large compared to the entire market. I'd bet chances for that to be below 20%.
• Pirateat40 made statements that seem unbefitting for a qualified trader. I'd give it a maximum 40% that he is able to beat competition by such a wide margin.
• There are wealthy investors around who would finance an operation like his if explained under NDA. This would also help speed up the fundraising process to avoid competition. I'd give him 1:4 at best that he neither found a way to use a large investor nor had a situation in which he'd stop taking deposits and switch to his own funds.
• The above statements are independent.

With only this primitive reasoning, I already expect a maximum probability of legitimacy of 0.2 * 0.4 * 0.25 = 2%.

Go figure what happens when looking at more independent statements, such as the abundant warning signs of a Ponzi scheme! The possibility of legitimacy becomes bunk, nothing a serious analyst would care about. I could not assign a final probability to it because it becomes noise to the probability of myself being insane, among other things that become relevant at such low probabilities.

Now maybe some people disagree on the points above. But it shouldn't be hard to find three to four independent statements like this and conclude that "non-Ponzi" chances are just horribly low.

The discussion going on in this thread about limiting US-based investors is a perfect example of a good use case;

Here it would be relatively trivial to build a client that interfaced with the btc protocol but added an extra layer of complexity

Did he really just use that excuse? If the investors trusted the company enough to invest in their shares they could also trust them to store the blockchain and run an SPV node on their client. No need to worry about the blockchain.

It is conceivable that someone could build a model for this, and when a company wished to issue shares, they would modify the conditions, much like the process in creating an alt cryptocurrency.

I feel like he isn't thinking outside the box here.

They are withstanding, though. Not to mention their argument about the 'issuer', which I admit is a clever reading of the law, will not hold up in court. As we saw with FinCEN guidence earlier this year, they made a stipulation for the issuer problem and just did a side step around it. This will most likely happen with the SEC as well.

Before the process Solicitor General Donald B. Verrilli Jr. denied that a ruling the U.S. governments favor would immunize the surveillance program from constitutional challenges. "That contention is misplaced," Verrilli wrote in a brier. "Others may be able to establish standing even if respondents cannot. As respondents recognize, the government must provide advance notice of its intent to use information obtained or derived from" the surveillance authorized by the 2008 law "against a person in judicial or administrative proceedings and that person may challenge the underlying surveillance."[8] The USCC then stated in its ruling: "If the government intends to use or disclose information obtained or derived from" surveillance authorized by the 2008 law "in judicial or administrative proceedings, it must provide advance notice of its intent, and the affected person may challenge the lawfulness of the acquisition."

The opposite of Verrilli told the Supreme Court happened since then in actual criminal prosecutions. Federal prosecutors, apparently unaware of his representations, have refused to make the promised disclosures. In a prosecution in Federal District Court in Fort Lauderdale, Fla., against two brothers accused of plotting to bomb targets in New York, the government has said it plans to use information gathered under the Foreign Intelligence Surveillance Act of 1978, or FISA, which authorized individual warrants. But prosecutors have refused to say whether the government obtained those individual warrants based on information derived from the 2008 law, which allows programmatic surveillance. Prosecutors in Chicago have taken the same approach in a prosecution of teenager accused of plotting to blow up a bar.

In this hearing, Obama's attorneys refused to assure the court, when questioned, that the NDAA's provision -- one that permits reporters and others who have not committed crimes to be detained without trial -- has not been applied by the US government anywhere in the world -- AFTER Judge Forrest's injunction.

The White House argued on Friday that the individual mandate at the heart of Obamacare is a penalty, not a tax, contradicting the Supreme Court's 5-4 ruling a day earlier upholding the historic health care law.

edit: on second thought i may be making too many presumptions with my analysis. i dont know how easy/hard this would be to do in reality, so take what i have said with a grain of salt.

In theory but in reality no smoke less chance of a fire.

The chances of a prosecution go down (especially over time) if the operation is wrapped up and there is no complaint.  While yes if the staute of limitations is 7 years they could wait until 2021 and prosecute him them but that probably isn't going to happen.  This is the government we are talking about.  There is always some new dumbass to go after which is still in the news and seen as a "bigger deal".

  Update:

BTC from pre-orders was never spent.  Why-I-Eff-You may not have wallet access/control any longer.   

Photographic evidence of ~375k chips dates to early July, Why-I-Eff-You claims chips still in customs.   

All kinds of of sketchy FUD about greed, lies, conflict, and Triad assassins.  No sex though obviously, as this is still Bitcoin.   

As far as the threats of violence go, if they are real, my thoughts are that they are from rival shady groups, or from disgruntled customers.

Aug 01 06:40:49 <pizza_deliveri>   strange guy hope you get caught one day and taught some manners
Aug 01 06:41:17 <mircea_popescu>   pizza_deliveri o, you gonna mess me up, scammer toughboy ?

If I were him I'd feel partly responsible for your loss

The picture of the ASIC Rigs AR5 looks like a poorly photoshopped version of BFL's 5 GH/s Bitcoin Miner.

BFL:



ASIC Rigs:

asicrigs.com is a scammer!!!
I have ordered their production AR5 on June 24th. they don't reply,don't ship,don't refund.

If he would have run the server from his basement (for example) its IP address would have revealed his location and home address easily, so there are drawbacks to that too.

There has been a lack in communication from bit spend. They have given deadlines and then broken them without a single word. Many are beginning to think this was a scam and they cut it off as soon as they got popular.

We are unsure of any recourse, but the owner Justin Whelchel's information can be found easily with google. If he was scamming he is very very stupid.

but i dont owe you
you have invested in me , and gone wrong , its a BIG Difference .

Everyone on the internet is automatically an expert at everything though.

...it's about time we start working on decentralized share issuing https://www.youtube.com/watch?v=SH5OUtWMeZc

I already explained earlier that I dont like mpex but thanks for the free push.
If you ever build a real website for it and give "free accs" or accs with a huge discount to trustworthy people, then let me know.


so when I want to trade 10 BTC I immidiatly lose 0.24 BTC (2.4%) and if I want to trade only 1 BTC I immidiatly lose ~0.20 BTC (20%) thanks but no.

While a good amount of the blog post is interesting, why did you put dexX7 on your list?

Also, Grand.

Yes I am serious, I have said that Satoshidice is a scam since day 1 yet people insisted they were legit and look now.