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1421  Economy / Service Discussion / Re: Discussion about 10,000BTC Bet (Official) on: September 09, 2012, 05:46:13 PM
100% ROI != [Pay 20 BTC to some address]

Agreed, also, US Law looks at intent as much as exact wording.


"I did not have sexual relations with THAT WOMAN"
1422  Economy / Long-term offers / Re: BCS&T is Officially closing in a Preemptive Measure to Prevent Community Loss on: September 09, 2012, 05:26:29 AM
BarCode Savings & Trust

And in a shocking turn of events, BCS&T would like to officially announce all deposits would have been both GUARANTEED & INSURRED, thus giving you peace of mind up until the default.
That reminds me of a common joke told about jet aircraft with two engines. If one engine fails, the other engine should remain operational long enough to get you all the way to the crash site.



It's actually quite nice to be able to work in a community that understands how these investment opportunities work. Yes, you are correct, when there would have been an issue with the backer of the insurance bond, the Guarantee would have taken over, allowing an easy transition to the default.
1423  Economy / Long-term offers / Re: BCS&T is Officially closing in a Preemptive Measure to Prevent Community Loss on: September 09, 2012, 05:01:01 AM
BarCode Savings & Trust

And in a shocking turn of events, BCS&T would like to officially announce all deposits would have been both GUARANTEED & INSURRED, thus giving you peace of mind up until the default.
1424  Economy / Long-term offers / Re: BCS&T is Officially closing in a Preemptive Measure to Prevent Community Loss on: September 09, 2012, 04:54:06 AM
The last thing I want to do is make the appearance of giving insider information to those who would have set up a bet on if BCS&T would pay, and until the deadline for the would be default date is determined, please keep faith that your BTC would have been announced that it would be safe.
1425  Economy / Long-term offers / Re: BCS&T is Officially closing in a Preemptive Measure to Prevent Community Loss on: September 09, 2012, 04:26:37 AM
What would your schedule have been to have paid back those who would have lost money?


when I can tell you everyone will know.
1426  Economy / Service Discussion / Re: Discussion about 10,000BTC Bet (Official) on: September 09, 2012, 03:58:48 AM
Yet another trust closing announcement:


https://bitcointalk.org/index.php?topic=107143.0
1427  Economy / Long-term offers / BCS&T is Officially closing in a Preemptive Measure to Prevent Community Loss on: September 09, 2012, 03:58:00 AM
Those of you who know me as "Barcode" I hope will understand the reason behind the proactive closing of BCS&T.

In an effort to keep losses to a minimum, I have decided that the only way to stop the bleeding is to not make the cut.

Effective immediately, BCS&T is shutting it's doors before they open. As all investments that would have been made would not have been able to be paid back, your BTC will remain safely yours.

We apologize for any inconvenience, and hope this servers as a lesson in BTC investing.

1428  Economy / Service Discussion / Re: Discussion about 10,000BTC Bet (Official) on: September 09, 2012, 02:34:01 AM
Isn't the pay by date exactly 1 hour after the date and time the Romney campaign has to pay out?

Connecting the dots....
1429  Economy / Service Discussion / Re: Discussion about 10,000BTC Bet (Official) on: September 09, 2012, 02:30:34 AM
Is it stated anywhere how long the losing side has to complete payments?
1430  Other / CPU/GPU Bitcoin mining hardware / Re: OEM 5970 RMA? on: September 07, 2012, 03:43:08 AM
Diamond is pretty much the absolute worst company to do an RMA through. They just plain don't respond to your emails. My luck? Diamond has my 5970, had it for 3 weeks now, I have delivery confirmation they got it, can't get a reply. At least I could have used the dead card for the fan.

Best company ever? MSI. Had a stock 7970 die on me, 3 weeks later? A brand new, sealed 7970 Lightning at my doorstep. That's what I call customer service.
1431  Other / CPU/GPU Bitcoin mining hardware / Re: Is this a scam? on: September 05, 2012, 02:33:02 AM
Bought 2
1432  Other / Off-topic / Re: BFL ASIC Competition? on: September 05, 2012, 12:29:38 AM
I hope they arent gonna be that crappy white color like your fpgas lol

we can have the pcb boards silk screened to be any color pretty much have not gotten that far yet to pick out a color
i just hate that standard green pcb look

The white was actually my idea, lol is it really that ugly?

The white is horrible, reminde me of 1970's prototyping boards!

I vote red!

p.s. Ordered and paid for 2. Excited!
1433  Bitcoin / Hardware / Re: ModMiner Quad High Efficiency FPGA Bitcoin Mining Devices 840Mh/s BTCFPGA.com on: September 05, 2012, 12:26:10 AM
Ordered 2. Thanks!
1434  Economy / Service Discussion / Re: pirate payments list -- accounts paid: 22/459 on: August 31, 2012, 04:49:39 PM
Pirate just offered me double my BTC to shut up about everything.

Proof?

Good thing Theymos has that SQL query.  We can know right away.

I chose to re-invest it, to get the additional 1%/day interest though.
(please don't take me seriously)

Good thing I have my retina display so I can read the fine print.
1435  Other / CPU/GPU Bitcoin mining hardware / Re: Looks like no reference 7990 on: August 31, 2012, 03:36:13 AM
The canned it after the announcement of the BFL ASICs
1436  Economy / Service Discussion / Re: Did pirate default? IRC Chat Log inside!! on: August 28, 2012, 04:33:23 AM
I'm mostly curious about what are the "legalities" and "Real world contracts" he mentions?
There are none. That's just making unverifiable excuses. You're supposed to imagine that because you don't really know what he's doing, there might be circumstances that prevent him from paying people back immediately. He's hoping you'll make up the excuses you find most plausible, that way he doesn't have to figure out an excuse everyone believes.

Quote
Also, if somebody could explain me that sentence, I'm not sure if I understand it correctly:
"I'm going to be forced to pay everyone at once"

Does this mean paying everybody as soon as possible? Or does that mean paying everybody in one shot?
It means he's asking for the maximum stall time you're willing to give him. The idea is to induce people to wait as long as they would be willing to wait for a full payback by promising that he'll pay everything at once. It's a classic tactic.

Say you owe me $1,000 and $50 is due now. I'm mad at you. You say, "I'll pay you the $50 next week". I still break your legs. But you say, "I'll pay you *all* of it next week". Maybe now I'm willing to wait another week. While they both stall for another week, the greater promise makes the stall more tolerable.

Classic stalling tactic -- to get more time when you don't plan to deliver at all, increase your promise to the maximum and thus earn the maximum stalling time anyone is willing to give you.

Quote
Quote
It seems to me pirate is now saying the market or conditions have turned against him, and now he's blaming personal attacks too.  Makes me wonder how long before he declares 'I would have returned all the money long ago, but it's your fault I haven't because so many people said I'm running a ponzi scam'.

What I know about the personal attacks is that some people on IRC become REALLY aggressive when pirate shows up and completely destroy the conversation. Add to that the PM he gets each day, all the personal informations splattered on the forums and how everything he says is scrutinized like under a microscope, I'm happy to be me and not to be him at the moment.

If pirate is a fraud, I'm seriously wondering why he's still hanging around here. Close GPUMax, stop the payments and run dude! I don't know what you're waiting for, nobody is going to deposit more BTC anyway.

If he's legit though, the amount of pressure must be gigantic.
He's still making money. Why would he run when money is still rolling in? So long as people continue to believe that he might pay, his debt is still worth something, so he can keep selling it. He can produce an unlimited amount of debt, so he's not going to stop until his debt has zero value.

Interesting, so essentially, an announcement that BTCST is closing instead of just not paying interest all of a sudden, and then further stalling, the BTC price remains higher, thus enabling additional time to liquidate?
1437  Economy / Computer hardware / Good price for a 6990 Brand New? on: August 27, 2012, 02:29:15 AM
http://www.ebay.com/itm/HIS-RADEON-AMD-HD6990-4GB-GDDR5-2X256-BIT-DUAL-GPU-PCIE-HDCP-CROSSFIRE-1080P-/290766880386?pt=PCC_Video_TV_Cards&hash=item43b30e7e82

$485 OBO
1438  Economy / Gambling discussion / Re: I'm giving 100% ROI away to anyone who thinks pirate is a fraud on: August 21, 2012, 06:02:05 PM
I would like to up my 50BTC to 100BTC

Approve me?

Thanks!
1439  Economy / Gambling discussion / Re: I'm giving 100% ROI away to anyone who thinks pirate is a fraud on: August 19, 2012, 09:22:58 PM
50BTC
13cHNedUkk65iXhbVjDL5VDYzcexav2L1f

Is there an official date for the determination of the outcome?
1440  Economy / Speculation / Re: Crash!!!! on: August 17, 2012, 08:20:26 PM
I've got a sell order in. If it drops below $10, I'm selling ever last BTC I have. I don't care if it shakes up the market, I'll let all 11.5BTC go.
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