holy shit  theres almost 40,000 BTC in the bet now is there no limits ? |
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Why do you say suicide is a problem?
Who are you addressing? The crazy person. which one ? both seem to have lost it many moons ago ....... |
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I have not claimed he was high 80% of the time now, I have merely pointed out that only addicts get high for all hours of the day every day and Dank has admitted doing so. Addiction is a permanent condition and he is still, by his own admission, using. All the concerns you would have for an active drug addict are on the table. A concerned investor does not have the luxury of simply taking an addicts word for it that despite their continuing drug use they are in control of all of their faculties.
Your claim is that since dank is a drug addict, Dank Bank is a (relatively) high risk investment. You have yet to offer ANY factual evidence to support to your claim. i would say it too investing in a drug addicted person IS a high risk investment even if dank wasnt an anonymous idiot who needs cars and mansions and crack pipe shops it still consider him more of a scam than an investment at least pirate had the decency to fake intelligence with his scam ...... |
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the bitcoinmax spreadsheet should be sent over to pirate@40
hes going to use it as reason to not pay out over a million dollars
his reasons for even asking are highly suspect anyway ,i think most would assume
hes been buying up the reduced priced debt anyway and getting the account specifics
will help him pay more bitcoins to accounts he controls and haircut everyone else
it doesnt mean payb.tc can walk away from the whole mess either ,he has a duty of everyone who invested to help get their coins back
he was happy to take a cut when it was paying every monday so he should at least be seen to be helping people get their coins back out of his failed investment
if that means voluntary details sent to pirate ,i think people with coins at stake should be allowed the option to apply to get them back
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Getting fucked in the ass would be a kindness.
In reality, they got fucked in the ass with a jagged two by four lined with rusty nails!
I wish the bitcoin community would shift it's focus away from the zero-sum game of trading BTC for fiat gambling in favor of working on vendor adoption. If you have enough people exchanging BTC for REAL goods and services, all the financial scam drama that so regularly occurs here would fade into insignificance. But that requires work, and people are lazy.  But everyone liked 3400% interest ......we were all going to be millionaires in just a few months  |
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your idea of a safe investment was an anonymous multi million dollar loan to buy a mansion just a few weeks ago
then you changed your investment to a new car
now you think people should invest in your musical talent or lack thereof ?
a casino and a roulette wheel would be a safer investment IMO
is this a troll thread or are you 12 and bi-polar ?
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I'm not related to pirate in anyway, except he owns me a lot of bitcoins
and you have such incredible faith in his desire and ability to pay back that you are willing to risk more of your own coins buying his debts .... |
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some group but i dont think he would tarnish his own rep by being a representative for something dishonest like BTC market manipulation
Never. It's just a forum bet. There is nothing seedy or sinister involved. well ,if you say its above board ,that good enough for me you really increased the limit from 10K BTC to 35k though ? i thought you capped it and then i come back and its like tripled and im like WOW ,i musta missed something and theres threads offering to buy pirates debt for 13% and all these new rules for PPT accounts adding to the craziness.......... |
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Can someone call to check that he works there.
guy succeeds in Bitcoins greatest scam in history and steals 5.6 USD million worth of unregulated assets police later find him in work at his desk job ..........would be entertaining all the same  |
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i dont know about pirate but i dont think matthew would allow his name
to be used in fashion to help pirate scam more .........
Well, that's the beauty of it. If the bet is properly bankrolled, Matt pays out, and his name doesn't take any hit, other than "Hehe, remember that time Matt bet that Pirate wasn't a Ponzi? What a goof." ... and if you believe that's what will happen, I have a bet for you! http://betsofbitco.in/item?id=588Matt's got arguably more to lose ,Pirates rep is done and dusted now ,win lose or draw i doubt he will ever be trusted again If a chief editor and owner of btc magazine and a spokeperson for the bitcoin community is involved in crooked ponzi or operating a loaded bet funded from the owner of the ponzi its not like everyone will forget and it will haunt him for life in the bitcoin community which he is very involved in i dont think matt has $350,000 to lose so it looks like hes being funded by someone or some group but i dont think he would tarnish his own rep by being a representative for something dishonest like BTC market manipulation wel see  |
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the "FIFO" thing was only a side-effect of ordering by USER ID (a number), but it doesn't mean if only only get 50% back later accounts will miss out... if i only get 50% back, then all accounts will get 50% back.
- when you negotiate with Pirate on our behalf, will you accept the first offer or try to get as much as possible from him? - how will a partial payment (eg 50%) be distributed? Will you simply pay everybody 50% of their current account value, or use the coins to first pay back deposits, taking into account previous withdrawals, to minimize the actual losses of your clients? (SUM(deposits) - SUM(withdrawals) > 0) - will a partial payment be considered a final settlement, or will you keep on trying to get the rest of the entire payment Pirate owes? there is many ways to consider splitting the returned funds IF there are any worth splitting .....
i would think the fair"est " (since there is no 100% fair way to decide who gets a haircut ) way is to return the principals of newest people first .......
(im talking about the people who just invested recently and stand to lose near 100% of their principal dont deserve to be raped like this )
(the people who already have taken out MORE than their principal + the ones who were bragging loudly that they cant lose etc ... should be suspended at the back of the payment line,at least until newer folks have their principal back )
You assume that early investors withdrew instead of keeping interest reinvested. This assumption is often wrong. Your correct ,in those circumstances where no interest has been pulled out then ideally everyone should get their principal back first and then the interest can be fought over |
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The focus should be on initial principal invested, and pirate would like to pay attention to that only. But I think that bitcoin max, has a responsibility to us also, for the trust we have shown yet blindly. So I do not think it would be fair to hold back information. It should be taken to its conclusion as fas as pirate is concerned, let him finish up his excuses, if these are infact excuses.
the problem with that would be people joined a year ago : for example put in 100 coins and took out 7% coins per week have already taken out abt 364 coins for them to still be able to withdraw another 100 coins of principal would leave them at with a total of 464 coins etc and a new guy who invested 500 coins last week might be at a 100% loss hardly seems like a nice fair split now does it....... ? of course it might not, very understandable....he would be including that logic also.... But as long as all people get back their principal, it would be fine. The guys who pulled out their interest were good with their investments thats all. The person who put in last week, would get back his full principal......this should sort out your angle..... I understand were your coming from but the thing is ,assuming its a ponzi the 7% people have been taking out has never been real so if all those 7%'s are gone there may be a big hole where everyones principal used to be i agree with rolo above as well ,i have my doubts there may be anything returned except some small token gesture % |
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The focus should be on initial principal invested, and pirate would like to pay attention to that only. But I think that bitcoin max, has a responsibility to us also, for the trust we have shown yet blindly. So I do not think it would be fair to hold back information. It should be taken to its conclusion as fas as pirate is concerned, let him finish up his excuses, if these are infact excuses.
the problem with that would be people joined a year ago : for example put in 100 coins and took out 7% coins per week have already taken out abt 364 coins for them to still be able to withdraw another 100 coins of principal would leave them at with a total of 464 coins etc and a new guy who invested 500 coins last week might be at a 100% loss hardly seems like a nice fair split now does it....... ? |
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pirate creates FUD and buys up his own debt at 13% ........beautiful  |
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there is many ways to consider splitting the returned funds IF there are any worth splitting ..... i would think the fair"est " (since there is no 100% fair way to decide who gets a haircut ) way is to return the principals of newest people first ....... (im talking about the people who just invested recently and stand to lose near 100% of their principal dont deserve to be raped like this ) (the people who already have taken out MORE than their principal + the ones who were bragging loudly that they cant lose etc ... should be suspended at the back of the payment line,at least until newer folks have their principal back ) same goes for people who already taken out more than 100% of what they invested Im not saying anything intentionally bad about the early investors and guys running PPT's etc and i know they also worked hard to "promote the investment " but if all turned out to be a fraud then i dont think they should profit from the fraudulant transfers over more gullible completely innocent people who stand to lose maybe everything and possibly never recieved any interest payment if it was a fraud ,nobody should come out with more than he put in or it will just encourage similiar schemes and instead of trying to build a community of real strength it will become a community of scams where the biggest challenge is to take as much as you can and get out before you get burned ...... bitcoin has a hard enough rep to overcome without becoming known as the currency of thieving scammers as well my o.2 btc |
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What worries me, is that the coin for you payout came from the top-up deposit of 75BTC below. Deposit/donation, same thing when it's being put to good use. How about refundable donation?
Wait what? Donation implies the person shouldn't expect a return. How about investment? Both the principal and interest are an obligation not something nice which may or may not happen. Yes, I know, it was a slight slip of words. 75 additional BTC deposited with Dank Bank. see https://blockchain.info/address/1CYsWicNjn2t4d7dT11vKvQbMvRt6oNou2 (dank bank deposit address I assume) Not quite sure if this is worrying, or not, or do I understand the "greyness" that defines a Ponzi; but I would question how you'd repay DeathAndTaxes 75BTC if he requested it prior to any deposits. I'd be lying if I said I never paid a loan off with another loan ... This is very reassuring to hear |
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Think Pirate is a scam? I have another $500 I am willing to offer in this wager. Given that the going market rate for pirate debt is 12% https://bitcointalk.org/index.php?topic=104052.0 I will only be accepting offers of 1:4 odds or better for the next bet slot. Thus I would be willing to wager this next $500 against $2,000 or better. Contact me with an offer if interested. All bets will be escrowed here through Garr 255 https://bitcointalk.org/index.php?topic=104494.0 He has kindly offered to escrow my bets. Bet terms are indexed in Garr's thread. $500 is nothing around here .would you go $50,000 ? il choose the escrow |
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someone has faith in matthew ,hopefully its not pirate though  Now that would be funny... and frighteningly plausible. OK, let's assume that I'm Pirate, and I have a significant portion of the bitcoins in existence in my control, which I have no intention of paying back. I could buy a lot of travel time to get to Cancun and start mixing mojitos by giving someone well-known in the community a small chunk of that, and telling them to go spread FUD in the form of betting on me. Man, I hope I'm wrong on that. if pirate is funding this bet and also calling the shots on the BTCST repayment schedule its like playing poker with someone who gets to choose his own cards ...... i dont know about pirate but i dont think matthew would allow his name to be used in fashion to help pirate scam more ......... |
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A FEW DAYS AGO HE SAID That 10,000 BTC was a very signifigant portion of his total bitcoins now theres close to 35,000 BTC in the wager ? someone has faith in matthew ,hopefully its not pirate though |
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